diff --git "a/reddit_finance_43_250k_406.txt" "b/reddit_finance_43_250k_406.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_406.txt" @@ -0,0 +1,10000 @@ + +> The Anchor team never replied. Did they ignore the email? Did they just not bother checking their inbox? Either way, during last week's meltdown, Anchor accrued $20.8m in bad debt at a direct cost to depositors. [https://github.com/throwaway0xfr/anchor-bad-debt](https://github.com/throwaway0xfr/anchor-bad-debt) + +&#x200B; + +> I remember seeing a lot of reports in the Anchor Discord of people being liquidated for their entire collateral instead of just what they owed. This bug explains it. Carelessness led to people's money being unfairly snatched away (again) + +&#x200B; + +> In the grand scheme of things, $20.8m is not that much (especially when UST was shedding billions from its market cap), but this event lends to a certain culture & environment that seem to be present at TFL. Despite being paid millions, they seem to be flippant at times. + +Whole Thread: [https://twitter.com/FatManTerra/status/1528404015767343105](https://twitter.com/FatManTerra/status/1528404015767343105) +The pandemic has changed a lot of things for good, including healthcare. Since the demand for telehealth skyrocketed in 2020, it’s been a super hot sector with not only a lot of investments, but a lot of new players in the arena. As I’ve debated on which company to put my stake in, I’ve always had an eye on Amwell. It’s consistently been under the target price since it’s IPO and I think there’s a ton of potential here. + +Fueling my logic is a recent WSJ article about how PepsiCo has switched telehealth platforms. The company stopped using Teledoc for telemedicine services and now uses LiveHealth Online, a platform connected to the company’s health plan that also happens to be powered by Amwell technology.  + +I feel as though this revelation flew under the radar. If Amwell runs platforms that integrate better with company’s current health plans, it could become a serious competitor to Teledoc. Head of benefits at PepsiCo, Erik Sossa, says “Telehealth is a fantastic medium, but if it’s just late-night urgent care, it’s kind of a commodity.” This is true and I think this statement will guide the “what’s next” in the telehealth industry. With so many companies entering the market, what will set each one apart? Making it easier on employers by integrating with what already exists is a great way to gain a step-up on competitors.  + +I’ll be continuing to keep a close watch on Amwell. The stock can only go up from here—and many analysts agree. Numbers look good and recent news suggests that the company is headed in a great direction.  + +Article: [https://www.wsj.com/articles/digital-health-startups-are-booming-their-customers-are-overwhelmed-11620039601](https://www.wsj.com/articles/digital-health-startups-are-booming-their-customers-are-overwhelmed-11620039601) + + +Here is a couple of stocks that might be worth your attention this week. This is part 2 of 2. + +This is not a sponsored content. I'm just sharing my thoughts with you, hoping you're going to enjoy it. + +This short list was compiled with help of various sources of data, including Buy recommendations from several renowned stock data providers and analytical services. This is why I’m calling the approach a **consensus strategy.** The stocks I’m going to present you below are generally believed to outperform the stock market in the coming months, they have a consensus recommendation of Buy, their fundamentals are scored considerably better than most stocks and their average target price by stock analysts is above current market valuation. + +In order to consider buying the stock’s shares, the following criteria need to be satisfied: + +* **TheStreet score**: A+, A or A- +* **Zacks Rank**: 1 (Strong Buy), 2 (Buy) or 3 (Hold) +* **Weiss Ratings recommendation**: A or B +* **Yahoo Finance recommendation**: at least mixed Buy/Hold +* **MarketBeat recommendation**: at least mixed Buy/Hold +* **Yahoo Finance target price**: min. 5% higher than current price +* **MarketBeat target price**: min. 5% higher than current price +* **Piotroski F-Score**: min. 4 +* **Moody’s Daily Credit Risk**: 1 to 6 +* **InvestorsObserver Overall Score**: min. 50 + +**Note**: Descriptions of those criteria are provided at the end of this post. + +If you decide to buy any of the below stocks, you might want to consider the following selling conditions (at least one of them should be satisfied): + +* price is higher or close to target +* profit is in range 20% – 30% +* loss is higher than 50% +* TheStreet recommendation is changed to Sell +* Weiss Ratings recommendation is changed to Sell +* Yahoo Finance recommendation is changed to Sell + +**Let’s now take a look at the stocks I’ve identified with this strategy today.** + +&#x200B; + +**FIRST AMERICAN FINANCIAL CP (FAF)** + +**Sector**: Finance +**Industry**: Specialty Insurance +**Description**: First American Financial Corp. operates as an insurance company. It provides title insurance and settlement services to the real estate and mortgage industries. The company operates its business through the following segments: Title Insurance \&amp; Services and Specialty Insurance. First American Financial was founded in January, 2008 and is headquartered in Santa Ana, CA. +**Dividend**: First American Financial pays an annual dividend of $1.84 per share, with a dividend yield of 2.69%. FAF’s most recent quarterly dividend payment was made to shareholders of record on Tuesday, June 15. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 7.32% each year. First American Financial pays out 33.76% of its earnings out as a dividend. +**Current valuation**: $64.85 + +**Valuation of entry parameters:** + +TheStreet score: A- +Zacks Rank: Hold +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy/Hold +MarketBeat recommendation: Buy +Yahoo Finance target price: $74.8 +MarketBeat target price: $73.00 +Piotroski F-Score: 8 +Moody’s Daily Credit Risk: 4 +InvestorsObserver Overall Score: 52 +Yahoo Finance 1 year change: 15.34% + +&#x200B; + +**FACEBOOK INC (FB)** + +**Sector**: Technology Services +**Industry**: Internet Software/Services +**Description**: Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends. Messenger allows communicating with people and businesses alike across a range of platforms and devices. WhatsApp Messenger is a messaging application that is used by people around the world and is available on a range of mobile platforms. Its Oculus virtual reality technology and content platform offers products that allow people to enter an interactive environment to play games, consume content and connect with others. +**Dividend**: NA +**Current valuation**: $360.33 + +**Valuation of entry parameters:** + +TheStreet score: A- +Zacks Rank: Hold +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy +MarketBeat recommendation: Buy +Yahoo Finance target price: $386.47 +MarketBeat target price: $402.76 +Piotroski F-Score: 7 +Moody’s Daily Credit Risk: 1 +InvestorsObserver Overall Score: 79 +Yahoo Finance 1 year change: 7.33% + +&#x200B; + +**FEDERAL SIGNAL CORP (FSS)** + +**Sector**: Producer Manufacturing +**Industry**: Trucks/Construction/Farm Machinery +**Description**: Federal Signal Corp. engages in the designed manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The company was founded in 1901 and is headquartered in Oak Brook, IL. +**Dividend**: Federal Signal pays an annual dividend of $0.36 per share, with a dividend yield of 0.90%. FSS’s next quarterly dividend payment will be made to shareholders of record on Wednesday, September 1. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 4.55% each year. Federal Signal pays out 21.56% of its earnings out as a dividend. +**Current valuation**: $39.81 + +**Valuation of entry parameters:** + +TheStreet score: A- +Zacks Rank: Hold +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy +MarketBeat recommendation: Buy +Yahoo Finance target price: $45.33 +MarketBeat target price: $44.00 +Piotroski F-Score: 4 +Moody’s Daily Credit Risk: 6 +InvestorsObserver Overall Score: 56 +Yahoo Finance 1 year change: 13.87% + +&#x200B; + +**GAMING & LEISURE PPTYS (GLPI)** + +**Sector**: Finance +**Industry**: Real Estate Investment Trusts +**Description**: Gaming & Leisure Properties, Inc. is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. It operates through the GLP Capital and TRS Properties segments. The GLP Capital segment consists of the leased real property and represents the majority of business. The TRS Properties segment includes Hollywood Casino Perryville and Hollywood Casino Baton Rouge. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA. +**Dividend**: Gaming and Leisure Properties pays an annual dividend of $2.68 per share, with a dividend yield of 5.56%. GLPI’s most recent quarterly dividend payment was made to shareholders of record on Friday, June 25. Gaming and Leisure Properties pays out 77.68% of its earnings out as a dividend. +**Current valuation**: $47.86 + +**Valuation of entry parameters:** + +TheStreet score: A- +Zacks Rank: Buy +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy/Hold +MarketBeat recommendation: Buy +Yahoo Finance target price: $51.08 +MarketBeat target price: $50.25 +Piotroski F-Score: 7 +Moody’s Daily Credit Risk: 4 +InvestorsObserver Overall Score: 60 +Yahoo Finance 1 year change: 6.73% + +&#x200B; + +**HAWKINS INC (HWKN)** + +**Sector**: Distribution Services +**Industry**: Wholesale Distributors +**Description**: Hawkins, Inc. engaged in the distribution, blending, and manufacture of chemicals and specialty ingredients for a wide variety of industries. It operates through the following segments: Industrial, Water Treatment, and Health and Nutrition. The company was founded by Howard Hawkins in 1938 and is headquartered in Roseville, MN. +**Dividend**: Hawkins pays an annual dividend of $0.49 per share, with a dividend yield of 1.33%. HWKN’s next quarterly dividend payment will be made to shareholders of record on Friday, August 27. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 2.64% each year. Hawkins pays out 25.39% of its earnings out as a dividend. +**Current valuation**: $36.80 + +**Valuation of entry parameters:** + +TheStreet score: A +Zacks Rank: Buy +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy +MarketBeat recommendation: Buy +Yahoo Finance target price: $44.0 +MarketBeat target price: $44.00 +Piotroski F-Score: 8 +Moody’s Daily Credit Risk: 6 +InvestorsObserver Overall Score: 51 +Yahoo Finance 1 year change: 137.84% + +&#x200B; + +**ICON PLC (ICLR)** + +**Sector**: Health Technology +**Industry**: Pharmaceuticals: Other +**Description**: ICON plc operates as a clinical research organization, which engages in the provision of outsourced development services to the pharmaceutical, biotechnology, and medical device industries. It specializes in the strategic development, management and analysis of programs that support clinical development. The company was founded by John Climax and Ronan Lambe in June 1990 and is headquartered in Dublin, Ireland. +**Dividend**: NA +**Current valuation**: $235.92 + +**Valuation of entry parameters:** + +TheStreet score: A- +Zacks Rank: Buy +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy +MarketBeat recommendation: Buy +Yahoo Finance target price: $251.42 +MarketBeat target price: $251.00 +Piotroski F-Score: 6 +Moody’s Daily Credit Risk: 2 +InvestorsObserver Overall Score: 80 +Yahoo Finance 1 year change: 6.57% + +&#x200B; + +**IDEX CORP (IEX)** + +**Sector**: Finance +**Industry**: Investment Banks/Brokers +**Description**: Indian Energy Exchange Ltd. Engages in power exchange business and provides an automated platform for trading of electricity and related products. It enables trading and price discovery of electricity and related products with risk management for participants of the electricity market. The firm’s products include day-ahead-market (DAM) electricity contracts, term-ahead-market (TAM) electricity contract, Renewable Energy Certificates (REC) and Energy Saving Certificates. The company was founded on March 26, 2007 and is headquartered in Noida, India. +**Dividend**: IDEX pays an annual dividend of $2.16 per share, with a dividend yield of 0.95%. IEX’s most recent quarterly dividend payment was made to shareholders of record on Friday, July 30. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 11.31% each year. IDEX pays out 41.62% of its earnings out as a dividend. +**Current valuation**: $227.11 + +**Valuation of entry parameters:** + +TheStreet score: A- +Zacks Rank: Buy +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy/Hold +MarketBeat recommendation: Buy +Yahoo Finance target price: $242.25 +MarketBeat target price: $239.50 +Piotroski F-Score: 5 +Moody’s Daily Credit Risk: 2 +InvestorsObserver Overall Score: 69 +Yahoo Finance 1 year change: 6.61% + +&#x200B; + +**JOHNSON & JOHNSON (JNJ)** + +**Sector**: Health Technology +**Industry**: Pharmaceuticals: Major +**Description**: Johnson \&amp; Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being. Its research facilities are located in the United States, Belgium, Brazil, Canada, China, France, Germany, India, Israel, Japan, the Netherlands, Singapore, Switzerland and the United Kingdom. +**Dividend**: Johnson & Johnson pays an annual dividend of $4.24 per share, with a dividend yield of 2.44%. JNJ’s next quarterly dividend payment will be made to shareholders of record on Tuesday, September 7. The company has grown its dividend for the last 59 consecutive years and is increasing its dividend by an average of 6.23% each year. Johnson & Johnson pays out 52.80% of its earnings out as a dividend. +**Current valuation**: $173.82 + +**Valuation of entry parameters:** + +TheStreet score: A +Zacks Rank: Hold +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy +MarketBeat recommendation: Buy +Yahoo Finance target price: $187.39 +MarketBeat target price: $190.38 +Piotroski F-Score: 7 +Moody’s Daily Credit Risk: 1 +InvestorsObserver Overall Score: 62 +Yahoo Finance 1 year change: 7.81% + +&#x200B; + +**LAM RESEARCH CORP (LRCX)** + +**Sector**: Electronic Technology +**Industry**: Electronic Production Equipment +**Description**: Lam Research Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning. The company was founded by David Lam on January 21, 1980 and is headquartered in Fremont, CA. +**Dividend**: Lam Research pays an annual dividend of $5.20 per share, with a dividend yield of 0.86%. LRCX’s most recent quarterly dividend payment was made to shareholders of record on Wednesday, July 7. The company has grown its dividend for the last 3 consecutive years and is increasing its dividend by an average of 38.36% each year. Lam Research pays out 19.09% of its earnings out as a dividend. +**Current valuation**: $599.8 + +**Valuation of entry parameters:** + +TheStreet score: A +Zacks Rank: Hold +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy +MarketBeat recommendation: Buy +Yahoo Finance target price: $728.43 +MarketBeat target price: $713.94 +Piotroski F-Score: 7 +Moody’s Daily Credit Risk: 6 +InvestorsObserver Overall Score: 65 +Yahoo Finance 1 year change: 21.45% + +&#x200B; + +**MONDELEZ INTERNATIONAL INC (MDLZ)** + +**Sector**: Consumer Non-Durables +**Industry**: Food: Major Diversified +**Description**: Mondelez International, Inc. engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese \&amp; grocery and meals. Its brands include but not limited to Nabisco, Oreo, and LU biscuits; Cadbury, Cadbury Dairy Milk, and Milka chocolates; and Trident gum. The company was founded by James Lewis Kraft in 1903 is headquartered in Chicago, IL. +**Dividend**: Mondelez International pays an annual dividend of $1.26 per share, with a dividend yield of 2.01%. MDLZ’s next quarterly dividend payment will be made to shareholders of record on Thursday, October 14. The company has grown its dividend for the last 8 consecutive years and is increasing its dividend by an average of 13.53% each year. Mondelez International pays out 48.65% of its earnings out as a dividend. +**Current valuation**: $62.59 + +**Valuation of entry parameters:** + +TheStreet score: A +Zacks Rank: Hold +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy +MarketBeat recommendation: Buy +Yahoo Finance target price: $69.17 +MarketBeat target price: $67.90 +Piotroski F-Score: 7 +Moody’s Daily Credit Risk: 1 +InvestorsObserver Overall Score: 68 +Yahoo Finance 1 year change: 10.51% + +&#x200B; + +**OPEN TEXT CORP (OTEX)** + +**Sector**: Technology Services +**Industry**: Packaged Software +**Description**: Open Text Corp. engages in the design, development, marketing and sales of enterprise information management software and solutions. It includes customer experience management (CEM), digital process automation, business network, and enterprise content management, discovery, security, and artificial intelligence (AI) and analytics solutions. It also offers consulting, managed, and learning services. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada. +**Dividend**: Open Text pays an annual dividend of $0.38 per share, with a dividend yield of 0.72%. OTEX’s next quarterly dividend payment will be made to shareholders of record on Friday, September 24. The company has grown its dividend for the last 7 consecutive years and is increasing its dividend by an average of 12.35% each year. Open Text pays out 13.57% of its earnings out as a dividend. +**Current valuation**: $52.62 + +**Valuation of entry parameters:** + +TheStreet score: A +Zacks Rank: Hold +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy +MarketBeat recommendation: Buy +Yahoo Finance target price: $56.95 +MarketBeat target price: $60.00 +Piotroski F-Score: 6 +Moody’s Daily Credit Risk: 6 +InvestorsObserver Overall Score: 57 +Yahoo Finance 1 year change: 8.23% + +&#x200B; + +**QUALCOMM INC (QCOM)** + +**Sector**: Electronic Technology +**Industry**: Telecommunications Equipment +**Description**: QUALCOMM, Inc. engages in the development, design, and provision of digital telecommunications products and services. It operates through the following segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The company was founded by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi, and Harvey P. White in July 1985 and is headquartered in San Diego, CA. +**Dividend**: QUALCOMM pays an annual dividend of $2.72 per share, with a dividend yield of 1.87%. QCOM’s next quarterly dividend payment will be made to shareholders of record on Thursday, September 23. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 4.69% each year. QUALCOMM pays out 81.44% of its earnings out as a dividend. +**Current valuation**: $145.03 + +**Valuation of entry parameters:** + +TheStreet score: A +Zacks Rank: Buy +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy +MarketBeat recommendation: Buy +Yahoo Finance target price: $171.44 +MarketBeat target price: $167.54 +Piotroski F-Score: 7 +Moody’s Daily Credit Risk: 6 +InvestorsObserver Overall Score: 70 +Yahoo Finance 1 year change: 18.21% + +&#x200B; + +**QORVO INC (QRVO)** + +**Sector**: Electronic Technology +**Industry**: Semiconductors +**Description**: Qorvo, Inc. engages in the provision of development and commercialization of technologies and products for wireless and wired connectivity. It operates through the following reportable segments: Mobile Products and Infrastructure & Defense Products. The firm’s products include amplifiers, control products, discrete transistors, filters \&amp; duplexers, frequency converters \&amp; sources, integrated products, optical components, passives, power management products, switches, and wireless connectivity products. The company was founded on December 13, 2013 and is headquartered in Greensboro, NC. +**Dividend**: NA +**Current valuation**: $188.32 + +**Valuation of entry parameters:** + +TheStreet score: A- +Zacks Rank: Buy +Weiss Ratings recommendation: Buy +Yahoo Finance recommendation: Buy +MarketBeat recommendation: Buy +Yahoo Finance target price: $208.26 +MarketBeat target price: $205.14 +Piotroski F-Score: 8 +Moody’s Daily Credit Risk: 6 +InvestorsObserver Overall Score: 74 +Yahoo Finance 1 year change: 10.59% + +&#x200B; + +**Now, a few words on the criteria I’m using and sources of data.** + +**1. TheStreet score** + +The first filtering step is to get stocks with Buy recommendation at TheStreet stock screener. I’m only keeping stocks with A+, A or A- rating (top ones), although A-, B+, B and B- are Buys as well. + +From thestreet.com: + +***A (Excellent)*** *– The stock has an excellent track record for maximizing performance while minimizing risk, thus delivering the best possible combination of total return on investment and reduced volatility. It has made the most of the recent economic environment to maximize risk-adjusted returns compared to other stocks. While past performance is just an indication — not a guarantee — we believe this fund is among the most likely to deliver superior performance relative to risk in the future as well.* + +And about the methodology: + +*TheStreet Ratings’ stock model projects a stock’s total return potential over a 12-month period including both price appreciation and* ***dividends***\*. Our Buy, Hold or Sell ratings designate how we expect these stocks to perform against a general benchmark of the equities market and interest rates. While our model is quantitative, it utilizes both\* ***subjective*** *and* ***objective*** *elements. For instance, subjective elements include expected equities market returns, future interest rates, implied industry outlook and forecasted company earnings. Objective elements include volatility of past operating revenues, financial strength, and company cash flows.* + +**2. Zacks Rank** + +It is required that the Zacks Rank is Hold, Buy or Strong Buy (so we’re avoiding stocks with Sell and Strong Sell recommendations). The Zacks Rating utilizes a completely different system, based on company earnings-related data, in particular earnings estimate revisions and earnings surprises, to predict profitability of holding the company’s shares. + +**3. Weiss Ratings recommendation** + +We’re only keeping stocks with Buy (B) or Strong Buy (A) recommendation. + +Wjat are these scores? This is what I found at their website: + +*“A” Rating:* ***Excellent.*** *The company’s stock has an excellent track record for providing strong performance with lower-than-average risk, and it is trading at a price that represents good value relative to the company’s earnings prospects. While past performance is no guarantee of future results, our opinion is that this stock is among the most likely to deliver superior performance relative to risk in the future. Of course, even the best stocks can decline in a down market. But our “A” rating can generally be considered the equivalent of a “****Strong Buy****“.* + +*“B” rating:* ***Good.*** *The company’s stock has a good track record for delivering a balance of performance and risk. While the risk-adjusted performance of any stock is subject to change, our opinion is that this stock is a good value, with good prospects for outperforming the market. Although even good investments can decline in a down market, our “B” rating is considered the equivalent of a “****Buy****“.* + +**4. Yahoo Finance recommendation and target price** + +It is required that the Yahoo Finance stock recommendation is at least mixed Buy/Hold from experts. Additionally, the predicted target price (average, from experts) should be at least 5% higher than the current one. + +**5. MarketBeat recommendation and taget price** + +Similar to Yahoo Finance, it is required that the MarketBeat stock recommendation is at least mixed Buy/Hold. Additionally, the predicted target price (average, from experts) should be at least 5% higher than the current valuation. + +**6. Piotroski F-Score** + +The Piotroski score is a number between 0-9 that reflects nine criteria used to determine the strength of a company’s financial situation, including profitability, leverage or operating efficiency. Zero is the worst value and nine is the best. As we can read in Piotroski's paper from 2000: + +*In addition, an investment strategy that buys expected winners and shorts expected losers generates a* ***23% annual return*** *between 1976 and 1996, and the strategy appears to be robust across time and to controls for alternative investment strategies.* + +It is required that the score is 4 or higher. The values were retrieved from gurufocus website. + +**7. Moody’s Daily Credit Risk** + +Moody’s Daily Credit Risk Score is a 1-10 score, which provides a forward-looking, one-year measure of credit risk. It is updated daily and takes into account day-to-day market movements compared to a company’s liabilities. + +The value is retrieved from Business Insider's website and is expected to be in the range of 1-6. + +**8. InvestorsObserver Overall Score** + +The rank has a value in between 0 and 100. It takes into account both **technical** analysis and **fundamental** stock data. An Overall Rank of N means that a given company is rated above N% of stocks, therefore the higher the number, the better. My requirement is that the company has InvestorsObserver Overall score of at least 50. From their website: + +*The Overall Score combines our two technical scores (Short Term and Long Term) with our Fundamental Score into one metric. This makes our overall score a great place to start when evaluating stocks, regardless of your investing style.* + +*A low score doesn’t necessarily mean a stock is likely to go down, just that our system doesn’t think there’s much of a bullish case for it.* + +Please note that the company profile data (short description) was taken from tradingview website (sometimes I shortened it) and dividend data was retrieved from MarketBeat. + +I hope you enjoyed the reading. What do you think about this stock selection and the strategy? Feel free to leave a comment below. + +*Michael* + +Disclosures: + +* What you see here is my personal opinion, my own investments and should not be treated as investing advice +* I’m an amateur investor +I'm attaching a link to the DD below but here is a TLDR excerpt from u/jebz post. Based on the recent price movement of GME I think this is very accurate. I for one agreed with u/jebz DD and was looking on Monday to see the price drop down to the $140-145 range which it did and now todays movement below $140 confirms this DD for me. So apes expect the price to be in the $135-138 range come Thursday. If the price ends below $138.61 Thursday then we could assume Shitadel & Friends have artificially moved the price down to this level to avoid a margin call. We're winning! As always HODL. Shorts must cover. They can't kick the can down the road forever. GME is inevitable. + +[https://www.reddit.com/r/Superstonk/comments/n75jlb/the\_dtcc\_margin\_calls\_and\_nscc002/](https://www.reddit.com/r/Superstonk/comments/n75jlb/the_dtcc_margin_calls_and_nscc002/) + +Excerpt: + +https://preview.redd.it/2l3y9hc6fiy61.png?width=1408&format=png&auto=webp&s=d311bb357c8518993cc779328cabf45273415709 +It is very common to see lifestyle creep as a major issue in becoming F.I. + +What are some thoughts on proportional lifestyle creep. + +For example, my wife just finished school as an RN. She has never had a job before (34 yrs old), and now she brings home around $3200/month. We recently got a house cleaner for around $100 a month to cover some of the duties she use to cover. + +At what point does lifestyle creep become an issue? +UPDATE: The nurse that has been helping me got in touch with my food stamps caseworker and I was able to speak with her about this situation. She said that I don’t need to do a recertification because I recently reapplied for food stamps. She said that there is no reason why my account would be empty especially since I had called my card before my food stamps were supposed to come in and it said that I had a pending payment coming on April 5th. She doesn’t understand what is going on either, and she is going to contact someone in charge of food stamps to try and resolve the issue. If the problem cannot be solved I will have to reapply again and wait for the application to be approved. + +Today I went to the grocery store to get my monthly groceries. My fridge is completely empty so I filled my cart with groceries. When I went to pay, my EBT card was declined. I don’t usually check my SNAP balance because I have been getting $100 a month without any problems. I was so embarrassed that I had to leave a cart full of food behind. The grocery store is a local family owned store and I know the owners. That made it especially embarrassing. + +As for my food stamps, I bet I was due for a recertification, but since Social Services is shut down I have no way to recertify. I don’t know when I will be able to get them back. Since I have no income at this time this has hit me hard. I was counting on my food stamps not only for groceries, but to buy food for Easter dinner. I think I am just going to skip Easter this year. Hopefully my daughter doesn’t notice. Sorry for the long rant, I am hangry (hungry and angry) +TITLE TYPO: MEANT TO SAY UKRAINE + +Check the following Twitter accounts: nickschifrin and bnonews + +U.S. Intelligence believes Putin may be planning to invade Ukraine as soon as next week. SPY dropped about a half a percent just after this news came out. This and the fact that minutes from the January FOMC meeting are releasing on February 16 means next week is gonna be really interesting. VIX also just spiked. We might test January lows. +I'm not going to repeat any cookie cutter advice you'll get from online. This is the real deal, from reading the tape for 5 years. + +1. If a stock is being hit by accounting issues, SHORT IT, preferably with option spreads or diagonals 2-3 months out. Rarely do they ever recover right away. + +2. If you want to get into a stock during a correction, wait for the first UP DAY before even think about getting in. If the stock is below 50 EMA, then sell as soon as it fails the retest at 50 EMA if it gets there. Keep holding if it busts through 50 EMA. (20 EMA is the first test) + +3. The above statement does NOT work as well for identifying tops. TOPS are FAR MORE DIFFICULT to catch, and it's a loser's game. + +4. If a stock reaches 52 week highs based on 1-2% gains a day, DO NOT short it. They go even higher most of the time. (How did apple get to 600? by hitting 52 week highs day after day) + +5. However, parabolic moves are worth catching, but wait for the first down day, while keeping an eye on 50 EMA support. TZOO april 2011 is a fine example. + +6. If a stock keeps hitting support repeatedly, short it. May 2010, BP, after the oil spill. + +7. Don't even pay attention to P/E. It's a pretty worthless metric. I've seen it over and over again where folks use P/e to justify their purchase. I've yet to see P/e move to their imagination. + +8. Don't make decisions during the day. Plan it out when the market is closed. + +Edit: + +9. This one is often overlooked. Keep more money in your bank account than trading account. It feels good knowing you have more cash elsewhere. This takes off a lot of stress psychologically. + +Edit: + +- Don't trade earnings. Extensive DD may increase your chances but even then it's complete gambling. +- If you're going to speculate with options, buy spreads, which aren't as effected by time decay. Buying OTM singles is the easiest way to lose money. +- If you ever catch yourself worried about your position, you probably committed too much of your capital. Get used to have a position so small relative to your total account value that it's almost a waste of time. E.g., $200,000 account, with only $3k in a trade. +- Before you enter a position, know your exit. If you shorted or went long at the 50 EMA, and the next day it busts through, know right away if you're going to exit or hold at the open, to end of day and exit, or hold for 3 more days then exit. If you lose, you lose. Go on to the next trade. + +Edit: + +This isn't the end all be all to trading, which doesn't exist. No, this is barely scratching the surface. There's a few that have mentioned the best way to go about making money from the markets and outperforming the S&P is to understand fundamentals, balance sheets, cash flow. This is completely true, but, this is just ONE of the many skills you can have at your disposal. Besides, if a company has great fundamentals, chances are it's making 52 week highs and you would've already known that from the technicals. + +Think of it this way - how many of you understand the mechanics of Diablo from Blizzard? There are items in the game that improve certain attributes, adding % chance. Trading, and life in general, works in similar ways. Every bit of knowledge, every bit of experience, adds to your % chance of winning a trade, but you will never reach 100%. Understanding fundamentals will certainly help, which goes back to my #1 lesson learned of don't buy into stocks that have had accounting issues. (DMND, GRPN so far at least, LFT) + +In the coming days, I will walk through some annotated charts putting what I've learned in action. I am doing this because I genuinely enjoy it, and some of what I learned has been taught to me by a mentor I met while posting on yahoo so I want to pay it forward. He has since died from a heart attack. + +Edit: + +- Just saw this today on MNST and it reminded me - do not initiate a long position when a takeover rumour is out. 99.9% of the time takeovers don't leak. + + +IMHO, no crypto has more promise than ETH. There are many in this community who see that promise very clearly, many especially who bought into The DAO, a project that I think faces some serious, serious governance hurdles before it caneven be considered to have officially started. With that particular issue hanging around its neck, I'm worried that ETH faces a crash, as investors move from speculating to actually wanting to see DAOs begin to take off and begin to explore their rates of return/revenue models. When that happens, of course, not all the news will be rosey (or agreed upon to be rosey, etc.), leading to a lot of uncertainty in this particular space. + +So, having said that (and NOT assuming the above is a given, mind you), are we looking at a bubble, here? What are your thoughts? +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 don't frequent this space but remember reading a couple of comments on reddit about users using their ETH to make passive income through lending (might have been using maker). + + +Googling leads to a wall of hits that may or may not be scams (ethlend, cryptolend, bitfinex) so i was hoping someone could enlighten me as to the best way to make passive income with eth trustlessly or with low, clear-cut risks. +I know there are many bots are there, but wanted to know what your experience has been like? + +Anyone care to share their experience using bot and how the trades have been? + + +We’re building Settle, an operating system for decentralized finance. Settle purpose is to make it super easy for people to build, deploy and monetize the tools that will make operating within the decentralized financial paradigm better than the legacy financial paradigm. +What are the most annoying pain points about trading, speculating, borrowing, lending and operating within the space? +We’ve had over 100 developers register interest (hackathons + Settle Developer Program) in building apps on Settle, and we are doing everything we can to help them, but one thing we would really like to know is what are the biggest problems you have right now? What’s the most annoying part of your day? What’s one thing that prevents you from making more money\*? + +If you’d be open to doing a short call sometime with me or another team member to talk about what pains you, Fill out this 2 question form: https://settlefinance.typeform.com/to/x4TefC +If you’d rather just drop it in the comments, we’d love that too! + +&#x200B; + +\*Note: we can not make ETH go up…. directly. + **TA:DR; (too Ape: didn't read);** *Germany man do thing on island with law-yers, him not ape, do hoo-man things, with shiny rocks, ape confuse. But. maybe banana boat get loaded, maybe not, ape hold, drs, keep precious banana forever, not fling poo or fear man doing hoo-man things.* + +Wow, so that's a doozy huh? [This](https://www.reddit.com/r/Superstonk/comments/r9vswu/dr_marco_metzlers_post_an_hour_ago/) is what I'm talking about if you haven't seen it yet. Dr. Metzler's planning to force a bankruptcy in a Chinese property giant so his market puts print and then he wants to use the profits from those to buy a bunch of real gold metal, store it in Lichtenstein (you know, where Heath Ledger's fake patent of nobility in "A Knight's Tale" is from) and use it to back a new stablecoin on the blockchain to save the world economy. + +That is the craziest goldarned thing I've ever heard since some idiot in a cat shirt yolo'd his life savings onto a failing video game brick and mortar company on the Dubya Ess Beee Reddit forum on these hear internets. + +I mention DFV's original yolo specifically because just like DFVs yolo, it's a relatively simple concept (in his case that GME is undervalued and will rebound) that's getting an inordinate amount of hate for no reason. I'm going to break down Metzler's actual position here like Frank Baum broke down the housing market play in "The Big Short" (is there a bubble? if so, are the banks exposed?) here's Metzler's Theory: + +1. There will be a global economic crash. +2. Put options on overvalued companies and markets will pay out. +3. Starting a stablecoin transparently backed by gold is a good use of my profits. + +Like, that's it. That's Metzler's entire conceit right there. Most of us agree on the first point, but we largely prefer buying GME shares to capitalize. And the stablecoin concept has already been fully proven by Tether, except Metzler is planning to be transparent with his backing assets and use gold instead of (potentially since we don't actually know what's backing Tether) shitty Chinese property bonds and commercial paper. + +Metzler, is not now, never has been, and never will be an Ape. He's an individual investor with a history in the finance markets making his own play who's been shown some love by this community and in turn is showing us a little love back. We're making our play, he's making his. Let the man work, if he's successful in forcing the world to acknowledge that the Chinese debt is bad, that only helps us, but it's not required for the MOASS. And if he's successful in his longer term goal of creating a transparently backed stablecoin, that will only help digital assets - like say, NFTs for example - in the long run. + +Look, I have no idea if that's how things will play out. Or even if Metzler will be successful in pushing Evergrande into bankruptcy this week. What I DO know for sure though, is that the Chinese property market is in full on collapse, and will take the world down with it when it goes. The big market volatility that started on Thanksgiving didn't start with the Omicron variant news, it started with the wind-up petition being filed against Kaisa Group. And it's not just Kaisa and Evergrande. There's Sinic and Modern Land and Country Garden and Fantasia and Hopson and... well, it's a really long list, depending on which fake CCP economic numbers you use, the domestic aspect is 20-30% of China's GDP. + +Honestly the bankruptcy bit for Evergrande or for any of the others isn't the key event we're looking for, what we want to see here is the cross default provisions on the various bonds and commercial paper get triggered and liquidations start. This causes everyone who's been using these bonds and loans and commercial paper (they sound similar but they're all actually different debt mechanisms) as capital at face value for say, margin position collateral to have to re-assess their value, in what's called "mark to market". Basically this means instead of valuing those debt instruments (the bonds and whatnot) at their nominal, face value, they have to be assessed at their real, current market value. + +For example. Let's say you're a HF and you need collateral for a loan, like a leveraged margin position on another security. The prime broker bank will give you 8 to 1 leverage. Now, you could post $100m of Treasuries or cash or Amazon or Apple or something as security to get $800m to invest, but that's boring and expensive. Instead, if you're a clever HF, you go out and you buy a bunch of distressed debt that pays a high yield for pennies on the dollar, then mark it in your books at face value and leverage against the marked amount on your books. So you buy $1b of bonds in EG that pay 9.5% interest for $100m (they're cheaper than their book value because most people think they're going to default), now, the prime broker gives you $8b to invest, or 10x as much money as you would have gotten to play with using boring Treasuries, and you get paid a fat 9.5% interest on your $100m capital that you've put up as collateral too! (whereas treasuries would only pay 0.05%) And you don't have to worry about the loans going bad because the government will bail them out when they fail. + +But here's the problem with what's happening with China right now. It turns out the CCP decided to wage war against the capitalists that were getting so rich and powerful that they might actually be able to challenge the govt. Put another way, this is basically an internal power struggle between the merchants and the ministers (whatever the CCP's ideology, functionally, they're just a continuation of the corrupt imperial bureaucrats that have ruled and administered China under various emporers, warlords, and now party chairmen, for thousands of years now). + +And if you've read my previous DD (which I can't link to because it's on a different GME subreddit) about the "Two Debts" of Evergrande, you'll understand that from the CCP's perspective, the problem debt with EG and the other property developers isn't the money, it's the millions of apartments that people have paid for, but that haven't been built yet. That is a threat to social stability, and it's what's been behind the unusually public protests we've been seeing in leaked videos. All of the official CCP communication about EG and other property developers being bailed out or having managed restructurings or whatever - it's about their DOMESTIC BUILDING OPERATIONS, it has fuck all to do with the money they owe to foreign creditors. + +And let me be absolutely clear, that is in NO WAY unique to China. Every single government on Earth will bail out domestic constituencies/companies/organizations. None of them will bail out foreigners, well, at least not without some absolutely ridiculous bribes and an exit plan. OK, there are some specific counter-examples like the Peso bailout or similar, but they usually involve heavy politics and close allies, just in general, and in the case of a communist party that's at war with its own capitalists, and has already repeatedly screwed over foreign investors, it ain't happening. + +So, to go back to my previous example, you're a HF and you've got a $1b of Chinese property bonds that you paid $100m for, and have an $8b loan against. What happens when the cross default provisions on those bonds trigger and you're left with whatever the collateral on the bonds was? Well, you've now got to mark that $1b of collateral you had on your books down to whatever the collateral backing those bonds is worth, which in this case, is basically nothing since EG has sold off everything it owns already, including most of the founders personal wealth. So the prime broker realizes your collateral to their money just went to shit, so they ask for more margin. You fail to deliver it (FTD, get it?) and they start liquidating your ass to cover their liabilities. + +In the next few weeks this is going to happen to a bunch of HFs, family offices, and banks. As it does, and they get liquidated, other HFs, family offices, and banks are going to get caught up in the same death spiral of insufficient collateral and liquidations. Remember, in a liquidation, all positions must be closed or absorbed by the liquidator. If it happens to any that are short GME... well, you get the idea. + +So, to be clear, Metzler isn't an Ape. And that's ok. But what he's doing **MIGHT**, and I stress **might,** benefit apes greatly. Remember, the market crash is not a pre-requisite for MOASS, but MOASS will cause a market crash as HFs are liquidated, even if there has already been a crash, it will just cause another one or accelerate the current one. + +Buy, hodl, drs. CS #507XXX + +Finally as a side note, please try to remember, ape no fight ape, that's how we spot the shilly-birds, because they want to fight people doing their own thing, get apes all riled up and flinging poo everywhere. The SHF's psych teams have completely failed at their primary goals of getting apes to sell shares, all they've got left is getting people angry and at each others throats. This includes various clout chasers, outside actors, other investors, and other apes. Trust the DD, and follow the path of the diamond hand. Yoda warned us, **F**ear(**UD**) leads to anger, anger leads to hate, and hate leads to the dark side. +Hi! +I have been looking at jobs and uni courses and honestly have no interest in any career path, which I know isn’t great. +However, I’m definitely not just going to do an unskilled job when i’m older so I was wondering what are some careers that earn surprisingly high amounts apart from the common ones you hear about (doctor, dentist, barrister, etc?) +Thanks! +USA. I live in South Carolina. For the student loan forgiveness there is an option to opt out. And I'm just wondering if there's any good reason why I should? + +I currently have a little over $6,000 in student loan debt. My loans are not in default. I received an email saying that my application will be automatically processed for student loan forgiveness unless I opt out. + +Some further reading and I discovered that I could end up owing state tax towards the forgiven loan. I'm not sure how to calculate how much tax I might owe towards the forgiven loan or how I can figure out if tax would be owed. + +Any insight on this matter is very much appreciated. +Every month. Every damn month. I tell myself that “this will be the month” that I don’t make some big spend. + + +I don’t know why, but I find it easy pass up tonnes of small impulse purchases every day. But I always end up buying big things. Somehow they’re more justified in my eyes. In the grand scheme of things, they are. I always think of them as an investment. + + +Last month I bought £100 worth of cotton bedding and a £150 dehumidifier because my skin has been worse recently (eczema/allergies). The month before it was a dashcam (£60) for the car and £70 worth of protein powders for getting myself back into the gym (I’m not back into it). + + +This month, I’m really struggling to talk myself out of getting a power bank jump starter for the car and putting together a little emergency kit in case we get stuck out in the winter. That totals around £150. + + +I think I find it so hard to not spend so I find problems and throw money at them to feed the urge. So it always seems like every month there’s some big important purchase. It’s just so hard to stop when, like this month, I justify it with a “just in case” spend. In the same way I want to go and buy some new expensive headlight bulbs which are brighter and safer. But out of my price range. + + +Has anybody else had similar issues? +I live in a HCOL area and started my working career in tech as a program manager. In my mid 20's, I left that corporate job to sell residential real estate because I thought this was my purpose and would give me fulfillment. I loved the idea of being my own boss, helping people, and having the potential for unlimited income. + +Now I'm entering my 30's and I am disillusioned - with the industry, sales as a whole (lead generation, prospecting, lead nurturing, marketing, contract negotiations, etc) and I do not enjoy this anymore. I have to hustle at the expense of my mental health. My clients expect me to be responsive 24/7. Most of the time I'm unhappy doing this work, but I get the job done and do a great job. My clients give me great reviews and referrals. + +Where I get stuck is... I make multiple six figures but my stress and anxiety are VERY high, there's the pressure to keep performing and selling at my office. I think about work 24/7, I cannot shut it off even when I'm on vacation. Sometimes I cannot sleep because I'm worried about not hitting my sales numbers. Sometimes my clients are difficult to work with and they stress me out. + +Because of my mental health, I think about going back to corporate tech and getting something that's less chaotic and more even keeled. I'm just tired of this roller coaster. + +But I think my starting salary would be \~$130k and I think it'd take me maybe 5-7 years to get back to multiple six figures again. Not to mention I'd lose the freedom to be my own boss and to not have to deal with office politics. Also I'd have to figure out how to learn more valuable skills but nothing in the tech industry seems super interesting for me to commit to learning/getting really good at them. Although I am a very fast learner and adaptable. + +So now I'm faced with 2 choices:(1) I go back to tech, take a big hit to my income, go back on the hamster wheel or corporate life, lose my flexibility to take time off, go back to having to answer to a boss, and delay my plans by 5+ years for fatFI.(2) I suck it up for another 5 years and make as much money as I can, sacrifice my life, my mental health and free time, feel completely stressed out and anxious all the time. + +Has anyone had this experience? What would you do? How did it all work out for you? + +**TLDR: Would you stay at an opportunity that allows you to make unlimited income but you're unhappy 95% of the time, don't enjoy the work (you're bored, not challenged or growing anymore), and have to sacrifice your mental health?** +Yea yea drug = bad , crypto = good + +But have you guys ever wondered about the dude who was locked up for 10 years and came back to his wallet that he had tucked away for a decade only to find out he’s a multi millionaire! Well if he’s(or she)out there , it’s funny how things turn out huh ? + +Update: wow this really blew up , i was just sitting here stoned day trading when i thought of this +Yesterday I received a text from Barclaycard thanking me for letting them know about my new number. I wasn't me so I phoned them up and it turned out that someone had my details, had passed verification and had changed the telephone number on the account. + +As I was on the phone to them she blocked the card, and put a password on the account..... simultaneously the fraudster was trying to spend £1000 on Apple Pay using the card. Somewhat unbelievably whilst I was on the phone still, they phoned the other line to complain to BC that the payment had been declined and that they were genuinely me. However, they didn't know the password. The fraudster phoned up three times and came unstuck because they didn't know the password. + +What worries me is that someone out there has all my details and is able to sign up for something in my name and also leave me stuck with a bill or a poor credit rating. Am I overthinking it? If they were to sign up for a legitimate credit card in my name then I would imagine it would have to be sent to my house, wouldn't it..? +Hello UKPF, I'm about to rant a bit because I need to vent, more than anything. Also, throwaway account for reasons. + +&#x200B; + +So, I'm married, no kids, 18 years left on a very low mortgage (c.a. £500 p.m.) for a house we love, and we both have a stable job with good career prospects, with a combined salary of £47,000. No outsatnding debts besides the mortgage. So you might ask, what's your problem? You're not rich, but still better off than many people in this country. + +&#x200B; + +Well, it's my family. They're back in our homecountry (I'm not British) and are in deep shoite. My mom liked, in the past, to collect debts as if they were Panini football stickers. She has stopped now luckilly, but she's still repaying debts and 50 and unemplyoed, solely relying on her mother state pension (higher than UK state pension, but still not that great). I'm mean, I absolutely love her but her financial sense is like Gordon Ramsey's self control: inexistent . + +&#x200B; + +She also has to provide sustainment to her mother (my granny OBV), my 18 y.o. brother who's going to start Uni soon (thankfully our universities are around £200-£300 a year, excluding transportation, textbooks and so on), and my brother's father, on the verge of senility. Too bad my brother has now found out that he likes working on cars, but not as a job. He won't stop buying expensive and useless stuff for their car, wasting a poopload of money every month on a stupid Italian car, which is already a money pit as it is; it's an Alfa Romeo, so you know what I'm talking about. + +&#x200B; + +Then there's my brother's father (we are technically half-siblings), which has just racked up a £15,000 debt, and no one knows how or why, not even him. Told you, he's on the brinks of senility. Guess who has to repay it? My mom. + +&#x200B; + +And finally, my sister. She is a nurse, lives in the same country as my mom but much further away (like 800 miles). She's the only bread winner in the house, since my B.I.L. is unemployed. He tries hard to find a job (he really does), but they're in a country where unemployment rate can get up to 50% in certain places, and if you're older than 30 good luck finding any job. Also, they have a 7 y.o. kid. + +&#x200B; + +My B.I.L. has now been arrested because of a jurisdictional error. He's been accused, for revenge, of a crime he never committed. No, there's nothing we can do now to get him out of jail, and there is no concept of bail in our country. All we can hope for now is that his case will get picked up by a different judge in 5 years time. Yes, our "justice" system absolutely sucks. So obviously, now it's all on my sister shoulders, including having to find and pay someone to care for her kid while she works (of course she's a nurse and works on 3 shifts). No, the hospital doesn't care about it and won't give her better shifts. They would move here to a much further away place and force her to quit her job, rather than help her out. And of course, they have known for 9 years that he risked jail time, but did they tell us? No! We would have paid him a good solicitor (lawyer? Attorney?), so he would have gotten away as he should have, but they decided to just shut up and use that imbecile that calls himself a lawyer. And why? Because they were scared we would judge them. + +&#x200B; + +Oh, for fuck's sake. + +&#x200B; + +And at the end of the day, who's getting the financial burden of this mess? Me, with a £19,000 p.y. job, in a different country (the UK, OBV). Now that I finally had the courage of quitting my stupid last dead-end job and found something I like and gives me a nice career path. I wanted to start putting some money aside, because I don't have any rain found at all, but noooooo, gotta bail them out every month, leaving me with £500 to live every month. That's 500 pounds at the start of the month, to pay for expenses and food (excluding mortgage, luckilly). I was also hoping to set some other money aside and go on holiday with my wife at the end of the year; she works hard and she deserves it, but again no, can't afford it. Guess also who has to borrow money from his wife, to send to his family? And of course she tells me not to worry about it, but no chance I'm borrowing money from her without repaying her back. That's her hard earned money, and I don't want it to go wasted on some idiots too scared of asking for help BEFORE any damage done. + +&#x200B; + +I could go on and on, but I'm cutting it short here, as I'm pretty sure half of you have already fallen asleep. So yes, I might be doing well on the outside, but fuck me I'm not. And of course, in our country there are no charities like stepchange and no, we can forget about state-paid lawyers. + +&#x200B; + +My life is so messed up, but I gotta keep going. Don't know where to find the will to, but I have to. No don't worry, I'm not feeling suicidal at all, I just want to thell them to fuck off and leave me alone but I can't, I love them too much despite all of this. + +&#x200B; + +Rant over. +There is going to be a lot of distraction stocks. For example, some will claim SNDL is going to “explode” don’t listen to them, shills and bots will be rushing to get that overtime work in now that our euroapes are reporting $200 for GME. GME/AMC is the way, but primarily GME is the main play here. Don’t play into the hands of FUD, Shills, and bots because they are paperhands who regret selling and they are envious of apes who have 💎🙌 so they try their best to get apes to fall off of the path to the moon. Be weary fellow apes. Apes already have shown to persevere and HODL through the heavy storms. I am extremely proud of 💎🙌🦍. To the moon apes go! I am an ape who loves eating green and red crayons for breakfast. I also like the stonk! +Hey guys just an update, the Behodler DEX liquid queue beta event is announced for Friday at noon UTC (countdown timer is on Behodler.io). Basically this event is a spin-off of LQ rewards that we see on places like Uniswap or the Sushi liquidity reward/mining events in the past. + +It sounds a little complex if you're not familiar with LP tokens, but the essence is you'll be able to receive rewards tokens just by entering the queue. And you can re-enter as many times as you want for the length of the event. + +You can read a detailed explanation [here](https://github.com/WeiDaiEcosystem/LiquidQueue), but basically you'll need a "ticket" to the enter the Beta Queue which is either an EYE/SCX UNI LP token or EYE/ETH UNI LP token with at least 1000 EYE in the latter (no min or max on the former). Uniswap LP tokens are created [here](https://app.uniswap.org/#/pool). To enter the queue with this "ticket" you will stake either 1000EYE worth of the EYE/ETH LP or 10% of the EYE/SCX LP. + +After this entry validation, you can then enter the queue with a single token of either EYE, SCX, ETH, or DAI and after you move through the queue you will receive back an an LP pair as stated in the documentation. This LP reward token will automatically be sent to your wallet, and then you can do whatever you want with it - unwrap, sell, re-enter the queue and increase your rewards. + +The ultimate goal of this liquidity event is to facilitate the burning of Scarcity (SCX) token, which happens on every trade and each time contributes to the residual liquidity on Behodler. Behodler is a uniquely designed DEX based on token bonding curves and allows for 50%+ cheaper gas fees than Uniswap because of single smart contract swaps and other factors. + +**TL;DR** liquidity event will reward bringing of increased liquidity to Behodler, the EYE token will finally be trading on Behodler and become deflationary (burning a percentage on trades there), and this is a solid technical innovation that will be sustainable for perpetual liquidity queuing events not just one-off (see documentation for more on this). + +Even if you don't feel like participating in the queue, this is likely a good time to pick up some EYE/SCX as this is the next big step for the DEX +Seems to be flying under the radar. IMO ChartEx is superior to Dextools yet is sitting at a MCAP of around 2m less. The token functions as a way of unlocking tiered premium ChartEx features. The tokenomics and roadmap are all available at https://about.chartex.pro/ + +Telegram: https://t.me/ChartExCommunity + +Discord: https://discord.gg/wJKzyK4 + +Price Chart: https://vip.chartex.pro/?symbol=UNISWAP:CHART + +Etherscan: https://etherscan.io/token/0x1d37986f252d0e349522ea6c3b98cb935495e63e + +Contract: 0x1d37986f252d0e349522ea6c3b98cb935495e63e +I have to admit that their marketing has been pretty weak, even though their platform is very popular nowadays. They've done the private sale and presale rounds kind of behind closed doors, and most people don't even know that ChartEx lists their token (CHART) tomorrow. + +In order to control the damage that bots will do on listing, they decided to keep the contract address a secret until the actual listing happens. The announcement will be posted on their discord channel: + +[https://discord.gg/6DmSBY](https://discord.gg/6DmSBY) + +So what is actually the utility of their token? Something we've seen before in similar platforms: subscription-based services and governance in the ecosystem. The main features that the token will enable are:ChartEx.pro Interactive Charting Website,Telegram, Discord and Twitter Bots,and Trading statistics, analytics and alerts. + +Private sale unlock is 50% on the first day, then 30% and 20% in the respective months. + +Listing price is 0.02$, which puts it at a market cap of \~670k. + +Final thoughts: the lack of marketing has made this one fly under the radar. This is the most popular technical analysis platform right now, so 10M market cap doesn't sound like a far reach. + +As always, DYOR. +I've never dealt with anything like this before and really at a loss as to how to go about it. I am not sure if this should be considered a predominantly legal issue, if so I will post elsewhere. + + After a painstakingly long on-boarding processes, I finally got hired as a Per Diem at a hospital where I did my internship 2 years ago. I don't want to give identifiers but just for context as to how big this organization is, this is one of the UC's. + +When I finally received an offer letter from them about 3 weeks ago, I was thrilled to see that it was for $46.30 per hour. Then, after doing trainings and endless pre-employment screenings, they sent me an email stating: + +"Attached is your revised offer letter with the corrected rate which had been mistaken for another position on your offer letter. +For further questions you can call (phone #) for clarification. +Please sign." + +This was last Wednesday, 2 weeks after I had received the initial letter. This new offer letter has an hourly rate of $36.09 per hour. Still a decent pay rate, but wow, that's a really big mistake to leave me hanging on for two weeks. (Keep in mind this is Per Diem, so I will get 2-3 shifts per month and no benefits). + +Fortunately some of my colleagues have my back since they know me from internship. They informed me that this has been an ongoing problem and that they have been demanding a pay raise for Per Diem's (and the whole department) for a long time with no results. They even contacted the Union, who got back to them with good news, but then retracted that news, saying, "we confused the position that did get a raise with your job description." + +So there is this pattern emerging, our job description is almost identical to another position which gets paid significantly more..... + +At this point, I have not yet signed the revised offer letter. They have sent me multiple email reminders stating the same thing, verbatim, but have not called or attempted any other contact/clarification. In the meantime I called the union to see what can be done, they have not gotten back to me yet. + +So, with this context, I have two questions: +1) Should I push for the original offer, am I at risk for having the offer pulled if I do so? +2) Having signed the original offer and NOT the revised offer and the pay period closing today, do they have to pay me at the original rate? + +And again, if these are not appropriate for this subreddit please let me know and I will post elsewhere. + + +UPDATE: Thanks for all the comments, advice, perspectives, etc. And apologies for not responding. I finally got a call back from the union representative, who basically said: I could possibly make a case for this if I hire expensive lawyers and follow through a big dramatic process. But, as a Per Diem, I have less rights than other workers, therefore my case would be weak... "If I were you I would remain quiet and subservient" and maybe bring it up in bargaining later this year. + +So, I signed the revised letter, as many as you correctly pointed out, this lower wage was actually what I was expecting to get. But the fact still remains that there has apparently been a trend of my department's job description being so similar to the point of getting confused with another job title which gets paid much more. This seems to be an indicator that we (myself and others with the same position) are being underpaid overall. So I guess we'll bring it up in bargaining and hope this could be a part of the argument that my colleagues have been trying to make for many years. + +Oh, lovely bureaucracy. I feel welcomed to the big leagues. +I have a tendency to cut my winners too soon and i've been trying to work on that by paper trading. i've learned that often times, markets will break out, consolidate a bit, then fall back down (if you're long) and retest the previous resistance, now support, before going back up higher. + +the question is, how far back do you let it go. if you're using the 1 minute time frame (yes i know i know but i'm just using it as an example), i've seen the market retest the support from like 2 or even 3 break outs ago before continuing up. + +so it'll be like "breakout #1... consolidate" followed by my entry, "breakout #2... consolidate", "breakout #3, consolidate.... plummets back down to "breakout #1 consolidation area", crawls back up and "break out #4" + +Do you cut it if "breakout #1" previous resistance/now support breaks? + +or perhaps simply look at a higher time frame to see if the trend is holding? + +maybe i'm just a bit more conservative or "scared pig" but i don't personally like holding it beyond the back test of break out #2 since that's a lot of gains just lost and if you wait until break out #1, you might be lucky to just breakeven if not go red... + +but again, i'm trying to learn to hold on to winners and not get scared out of backtests. +In March 2020, I got furloughed and as many others, I got into the stock market after the crash. Something I'd been meaning to do for a while but never really knew about it. + +All went well at first, I was very cautious and read up on every stock and took every opportunity to learn safely. I made my first few green days and got confident with learning further. The goal was to slowly tick over some extra money for the future as savings rates became unattractive. + +April & May clocked by and I went in & out of oil and experienced the crash of oil to a negative value. Luckily I never really got burned too badly. I had at least learned to stay away from the commodity itself and buy in when stocks dipped deep. I made a good £200+ + +End of May rolled around and this was the start of it... After looking at it, thinking it was overvalued and listening to too many ill advised people predicting it to crash.. I shorted Zoom at 135-175.. Thinking it would be a quick trade in & out.. needless to say by their earnings, they broke through upwards past 200. If I had taken the loss here it would've been around £200... + +..but I didn't. As a noob I decided that taking any loss was a bad final decision, I should hold it and so I extended my stop loss over and over again. This went on for weeks then months. By this point I was back in work, fixed to NYSE opening time for daily volatility with alarming addiction... It's safe to say that by this point I'd lost control and this was on par with gambling. + +&#x200B; + +**It's only now that I can clearly see how far I fell out of control.** + +I held Zoom from End of May up until Tuesday 1st Sept this week where I lost over £4000 (roughly 30%+ of my savings) as it had jumped from my stop loss at 330 to 440+ overnight and I lost all confidence of a ceiling in the stock. Basically my choice was to accept the loss or commit further cash to a potential tesla skyrocket. I could not risk any more capital. A harrowing decision that brought me to rock bottom. + +I'm sure this may not age well as the stock plummets yesterday, today and potentially tomorrow.. but it's too late for me, I had to make a choice and I got burned. Everyone's an expert in hindsight but at the time nobody believed 200, 300 and now 400 so.. believing the stock could go higher wasn't too unrealistic. + +I'm not rich and it took me a good year to build that amount of savings...It's the first time I've felt suicidal and I hope this group welcomes my effort in dealing with my financial grief by warning others to be cautious. I think this is part of my recovery process and I'm very lucky to have a partner who's supporting me through my stupidity and thankful I never committed more cash to the bonfire. The hardest part is knowing I could've spent that on something beneficial but now it's gone, just gone with nothing to show for it. + +Be careful & cautious. You'll never think it's you that becomes one of the percentage the apps warn about. If you invest just use vanguard, if you must trade, set good stop losses & stick to them and stay away from leverage. + +**TLDR** Noob spiralled out of control trading and lost a fortune. Be very careful using etoro/trading212 etc. + + +EDIT: I just want to say a big thanks to all the supportive comments on this thread. I was obviously in a very bad place when I wrote this. It is obviously still a painful thing to look back on but it is just money in the end of the day and I still have my health. I'm glad people online can be kind to one another and I'm proud to be a part of this community. +So, I remembered last week that I had opened a pension for each of my sons more than a decade ago, I seem to remember I put in £2,880 a year and the government topped it up to £3,600? I was able to put in about £20,000 for each of them before I needed the cash for other things. So I asked them about it and they told me their pensions had over £44,000 each in them! + +Shows you how an early start can really make a huge difference and it made me so pleased to have done it while I could for them. +I wanted to chime in here because I think there are more like me still having problems with receiving the dividend. I have been trying to resolve this problem since 07/22/22 by phone and email with both companies. I started a transfer of 200 shares from TDA to Computer on the 15th. The transfer completed at Computer on the 21st with a value of $153.47. On the 22nd the value of the 200 shares dropped to post split price of around $38 and did not receive the 4-1 dividend. + + +The problem is that Computershare states that the dividend comes from the broker of record on July 18, 2022 – for me that is TD Ameritrade. TD Ameritrade states “Client is not due at TD for the 200 shares since he transferred on 07/21/22. There is no settlement period on transfers so when we posted this morning the shares were gone…” and “I would like to confirm from our conversation of the following information, i would also like to confirm that this transfer was completed on 7/21/2022. to qualify for the 4:1 split you would have needed to have held the share with us (TDA) by the ExDate established by the stock exchange. 7/22/2022” + + +At this time both parties claim the other are responsible for the dividend payment. Personally, I don’t care who is responsible, I am concerned that my account is either missing a lot of $ or 600 dividend shares. Today I have filed a complaint with FINRA, who else do I contact to escalate this problem? How do I get this resolved? + +Update from ComputerShare: Friday July 29th, 2022……. + +“Good afternoon. + +I received an email from TD Ameritrade. +I was informed that they have processed this payment using Due Bill date of 07/25/2022 as provided by their Custodian. + +They are currently working to resolve this matter with their Transfers department to identify any clients that transferred out to Computershare during the interim period from 7/18/2022 to 7/25/2022.” + + +UPDATE FROM TDA: 08.01.22 + +“Thank you for your inquiry, + +You took (200) of your shares out of TD Ameritrade before the ex date of 7/22/2022. This means you will not receive the GME split for those (200) shares in this TD Ameritrade account. + +This is a Late Ex-date event, shares must be held going into the ex-date (07/22/2022) to qualify to recieve the Forward Split shares in this account. + +The company's declared there record date 07/18/2022, but the Exchange set the ex-date as 07/22/2022, thus enabling the next business day (07/25/2022) to become the NEW record date. + +This NEW record date (07/25/2022) is the DUE BILL REDEMPTION Date and it overrides the company's old record date of 07/18/2022 + +GAMESTOP CORP. is effecting a Forward Split. + +Ratio: 4:1 +Ex-date: 07/22/2022 +Record date: 07/25/2022 +Fractional shares: TBD +Anticipated swing date: POST MORNING OF 7/22/2022, ETA 7/26/2022 + + +If you have any questions, please reply to this email or call the Reorganization Department at 888-723-8504, option 1. We are available Monday through Friday from 9 a.m. to 5:30 p.m. ET, excluding market holidays. + +Sincerely, + +Phil Compian +Reorganization Department + +TD Ameritrade +1-800-669-3900” + + +Update to the Update: Monday 8-1-22: I GOT MY SHARES AT TDA. they wrote me the email written above this morning. Telling me I would not get any shares with them. Yet 600 shares showed up in my account and my cost basis is lower than it was before. Their recordkeeping is ridiculous, or there’s shady stuff going on. + + + + + + +…. +I currently have over 100 days of time in lieu which I have accrued over 6 months. I asked to be paid out but work have repeatedly told me there is no budget to pay out time in lieu and I should look to take off 2-3 days a week to reduce the total. If I have to take it I'd rather a bigger chunk to make it worth my time, rather than tiny amounts. + +Is there anything I can do to get this paid out? There are rumours that we might go into liquidation and I'd rather get the cold hard cash rather than potentially losing everything. +Could someone please give me a no bullshit ELI5 summary of when it's a good idea to get private healthcare insurance? + +This is confusing as shit. I feel like I need a fucking PhD to understand what the options are, let alone the fine print. + +[This gov website](http://www.privatehealth.gov.au/healthinsurance/incentivessurcharges/mls.htm) seems to say that if I make over $140k (excluding super?) I have to pay 1.5% of my (gross?) income as a Medicare surcharge (in addition to the 2% levy?). So if a single is making over $140k they're paying at least $2100 as a surcharge, right? So as a quick glance [the cheapest private healthcare I can get as a single is $16.17/wk](https://www.medibank.com.au/health-insurance/singles/), or $840. So does this mean if I were to get this cheap private healthcare insurance (which only covers accidents, something I thought Medicare covers everyone for), and don't use it at all I can save $1260 ($2100 - $840) per year? For doing absolutely nothing at all with this insurance?? How can this make sense? Have I completely misunderstood this shit? + +I'm 28, single, no dependents, in good health with no conditions. The only thing I pay for is dental, which I pay next to nothing for as I get it done at my old uni. + +I'm all for looking after my health but the last thing I want to do is pay thousands more per year just so that I won't have to share a hospital room with someone for a night or two in the ~5% chance I have to be hospitalsed for something. Honestly, as long as the surgery itself is as good and the bandages are sterile I wouldn't give a shit about the rest. + +Aside from a comfortable hospital room what am I waiting for? A shorter wait time for elective surgeries? Like if I damage my knee and I want to get it redone so I can walk comfortably and play sports again I can get it done within a few days rather than within a few months? Can I pay to skip the queue if I don't have insurance? Is there a type of insurance to only pay for this? + +Thank you so much for any help! + +On a side note, does anyone have a suggestion on where I can find a good personal accountant who can help me out with this stuff? Suddenly having an accountant makes a lot of sense... +Just general curiosity on budgets mine is bellow for comment /downvotes / Advice + +Background single income household SAHM and toddler + +6300 - take home after 14% super and notated lease +NOTE: Paid monthly + +2000 mortgage payment (min is 1500) +2000 Wife money for food and toddler things +232 health insurance +100 Public transport +80 Home and contents insurance +200 Vangard EFT's +300 Phones, Internet and Disney + +80 lotto, VPN and union fees +230 daycare + +About 1050 left for the bills / splash cash + +All our big bills are paid via my OT /allowances + +I'd love to know what others do? +I am currently with Commonwealth bank, I chose them mainly due to CommSec and because it's one of the big four. Two years later (yes, way too long) I realized that the interest on their savings accounts were total crap (0.5%). + +Therefore I thought of swapping to a bank with a high interest savings account. I was thinking of Me (2.85% if you dont make any withdrawals) and CUA (2.70% and you can make withdrawals). Are there any other banks you guys would recommend? Are these banks any good? + +Cheers + + +Edit: you can make withdrawals with Me. +Hi everyone, Long time lurker first-time poster. + The story is simple; Neighbour has scratched my car with his. + After making contact, he came to my apartment to nervously offer cash instead of making a claim. + I have considered all options, their pros, and their cons. + 1. I go through insurance, get the claim, get it fixed( Don't know how much I'll get. +2. Take his so far, unspecified cash payment. +3. Get a quote, give him the quote, take cash, repair it myself for significantly cheaper. + +I've had an afternoon on a crash course on insurance. I understand his incentive for offering cash. + I'll attempt to attach a picture for reference. + + Basically, I just want opinions on which route to take. Do I sacrifice safety (insurance) for the possibility of more money (cash + DIY)? + +[My scratched car] (https://imgur.com/a/EOMpikf) + +Update 1: I've decided to get a few quotes from repair shops. + I've also received another interesting message from him. +" You can use a paint touch up yourself and keep the rest of the money yourself, from what I pay. Anyhow I am obligated to pay you or to the insurance. If you get it cheaper and keep the money, I am fine with that. +Wow. he's a stand-up guy. + +Update 2: spent the morning, driving around getting quotes. $500-700. I let him know the price range. Still wants to do cash. I told him I'd feel better if he transfered the money first before I go and get it fixed. He left with saying he can pay the $500. I want $50 extra for my trouble. Is this bad? +Also, my car got broken into this morning. GPS gone. Ransacked. Am I reddit famous? + +Update 3: He transferred me $500 and I have recieved it. I will now try to negotiate with a shop to get a lower price to fix it. Thank you everyone for your insight and comments. +(…and why posts about ComputerShare are always downvoted en masse by shills) + +If you are still on the fence about ComputerShare, and registering your shares in your name, or you think holding shares in a cash account with a broker is sufficient, read on! + +Short recap if you’re not too familiar with the matter: by transferring shares to ComputerShare, they will be registered in your name in the Direct Registration System (DRS). This means they are no longer available to the DTCC in any way. + +Every trade must be settled within certain deadlines, and as the clearing agent for virtually all trades, the DTCC tosses the few real shares they have around to settle trades, based on the trading volume of their different participants. At any given time, every participant owes shares and/or is owed shares, with different deadlines, and the DTCC keeps track of this. Unless every single participant of the DTCC sell more shares than the amount they are owed before they are due, the DTCC must deliver the shares to settle these trades. + +Once the DTCC has no (or too few) real shares to deliver on behalf of their participants, they will fail to deliver. The DTCC (and especially their short selling participants) would be really, utterly screwed if they owed millions of shares to long investors (be apes or whales through their various brokers), and all shares were directly registered, so they had absolutely no shares left to deliver. They would have no possible way to recover except closing the short positions. + +Once huge amounts of trades actually fail to deliver for a long period of time, the various fail-safe mechanisms start to kick in, market makers lose their privilege to sell short until current trades are settled, and forced buy backs are the last resort. + +**If we hyped DRS in the same way we hyped voting at the annual shareholders meeting, there’s no doubt in my mind what the result would be:** 🚀🌙 + +Taking away shares from DTCC through DRS is the real threat to short sellers, much more than holding the shares in a cash account with a broker (though that helps). If you hold shares in a cash account with a broker, your broker may not willingly or wittingly lend these shares (through lending contracts), but the DTCC still controls the broker’s real shares by clearing the broker’s trades, and the number of real shares assigned to the broker may indeed not correspond to the number of shares held by their long clients. Numerous examples of over voting have confirmed that brokers are regularly assigned far less real shares than they hold in their cash accounts. + +Also note that this fraudulent system is enabled by trading volume. Example, if a broker is owed 10 million shares, due to be settled in two days, but the broker also both sells and buys 10 million shares on behalf of their clients in those two days, the 10 million shares they were owed are “settled” by matching them with the sell orders, and the broker is still owed 10 million shares because of the buy orders, but they may now be settled at a later time, because the trades were executed later. In this way, real shares may never actually be delivered to the broker, if the broker’s clients keep buying and selling. This is why day trading is, and rightly should be, greatly discouraged. + +Final note: +ComputerShare is not a broker per se, but you can still have them buy and sell your shares with market or limit orders, they will in turn execute trades through the broker(s) they use. But it may be slower, and some say you can’t place limit orders for more than 1 million, unless you write them via snail mail. And their website does look like 1999. But they are a serious and trustworthy agent, the agent used by GameStop themselves. + +If you won’t risk not being able to sell your shares in time or at the price you want during MOASS if you transfer **all** your moon tickets to CS, at least transfer **some**! Dare I say **most**? +I sincerely hope I'm wrong, and forgive me if I am very far from actual reality (noob problems) but I think it would be great if someone with more knowledge than myself could chime in on this + +&amp;nbsp; + +From my understanding, those big companies that are part of the EEA will be operating on their own private chain for multiple reasons, and therefore will not require the 'gas' from the public chain. When an XYZ software is 'ethereum based', it could mean 'using/based off ethereum code'. It doesn't mention if it's on the public chain or not. + +&amp;nbsp; + +Another thing I've also read someone mention that they might have 'compatibility' with the public chain, so they can inter-operate with other private chains. But since a private chain is basically a copy/paste of the public chain's source code, this means they can pretty much inter-operate directly with another private chain without the need of passing by the public blockchain? + +&amp;nbsp; + +Thank you all for being an awesome community! Hopefully we will get some detailed answers so many other eth noobs like myself can understand this beast's potential perhaps a little more! +Please don't gloat. I am interested in honest responses. Are you expecting long-term repercussions? Only if a hard-fork happens? Perhaps you misjudged the overall mood of the decision and its consequences? +I was curious if anyone here is in their early 20's and has made several hundreds of thousands from crypto. + +I want to know how this changed your idea of work, considering you are so young and don't have much work experience. + +Do you ever plan on working? + +What do you plan to do with your time? + +I try to do fun things but idk it's just not fun to me because I want friends to do things with but I have very few friends and they all work all the time. +Anyone else in the same boat ? Being so young this loss has really taken a toll on me and every night I just think about how stupid I am for losing this much. I don’t have rich parents but I am fortunately to have no college debt because of a merit scholarship . Most of the money I lost was from unemployment in 2020 and other grant money but it still feels soul crushing losing all this money at a young age . I feel like I’ve ruined a decade of potential wealth . +I have placed more than 10 trades over the past 3 weeks. Every single one of them has given me over 20% returns, one going up to 500% (that one was definitely dumb luck). + +What do I do? + +I just wait for a red day, the kind of day that the market BLEEDS. Then I wait to see my ticker oversold and beginning an upward trend. Once I observe that, I buy an option either a few weeks out or a weekly if it's taken a massive hit (like NIO this past week, where the reversal was almost guaranteed at $19). I never put more than 20% of my money on a trade, and always put a stop loss at 10%. + +I never fomo into a play, and don't mind waiting however long until I see a significant dip. + +My question is: +Is this something that could work long term, or am I pushing my luck? I don't really know about options trading strategies, but this has seemed to work in my favor for more than 10 trades. + +P.S the trade where I made >500% was a 0dte SPY call I got for $70 so I was willing to lose it all, that was a straight up gamble. +Jed McCaleb initially has eight billion XRP given to him for his initial work with a past project that is now named Ripple. He left Ripple to work on Stellar (XLM) in 2014, and ever since he has been dumping his XRP tokens in the market, but now he is almost running out! + +According to data provided by [Jed Balance](https://jed.tequ.dev/), which is a site dedicated to tracking Jed's XRP holdings, he now only have about 111 million XRP left in his name (or this particular wallet/account). + +&#x200B; + +https://preview.redd.it/v0o57nzej1891.png?width=1767&format=png&auto=webp&s=957f41819aa15b8b2979537ef0012ffc688c5aec + +He has been dumping about 4 million XRP tokens per day this month, going at this phase we might see him run out of xrp in a single month, of a few months time if he changes how much he sells everyday. OR he might altogether just stop selling again like what he did around 2021. +Hello everyone, It's B\_T! + +**OOK OOK** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I come to you today with a fun, lighthearted update! We have a new award that you may be seeing around. (One I actually made myself). Check it out: + +[Not-A-Cat Golden Bananya Award!](https://preview.redd.it/j53oxsxp9a271.png?width=500&format=png&auto=webp&s=4077214609ed48f4dc7e774a478babb2040d5278) + +*Only for the most* ***Squeezable*** *of submissions.* *Gives 1 month of ad-free browsing,* r/lounge *access, and 700 Coins a month.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This guy is a special award that only moderators can give out-- for posts we think are extra *snazzy* and special. This was a little pet project of mine so I hope you guys enjoy it. I know that as a Canadian who cannot get one of the Bananyas this was a nice way to console myself, so I hope it does the same for those of you who also couldn't get one. + +I have a few more ideas in the works for awards, both for you Apes to give out and for us Mods to give out. If you have any cool ideas for what you'd like to see as an award, let me know and I will see if I can make it happen 😉. + +Cheers, + +B\_T +Trying to figure out if one of (spouse or I) should pull the plug early on retirement or if we should grind it out and sprint faster. The idea of both going back to the office full time while raising 2 young kids is super unappealing. I need to be busy so realistically it would be my spouse that retires early. Our salaries have grown pretty quickly over the last few years which makes it a little harder. + +Income over next 4 years: + +Me: $850k / year +Spouse: $500k / year + +Large portion of each of our incomes is RSU’s and we’ve both got a lot of grants over the last few years (both upperish management) so after 4 years it is unpredictable. Could go up or down. + +Target goal: $5mm (excluding home equity) +Current investments: $1.8mm +Home equity (don’t plan to sell): $1mm +Current annual expenses: $200k (50k would go away with stay at home parent) + +In a high tax state so 50%+ of either spouses earnings are just taxes. + +We are late 30’s and I’m probably going to work in some capacity for a while. Ideally in a smaller role at some point. On one hand clearly we can hit our goals on one salary and life would be way easier. On the other seems silly to throw out some really high dual income years to accelerate hitting our goals. Also realize there is a very high chance our kids never have this level of earning power so it would be a disservice to not bank it and pass down (even if to just fund grand kids 529’s). + +Main risk is see for each party is divorce. Not likely, but if one of us called it quits could add a ton of risk to the other party. + +Gut is to ride it out for another 2 years to bolster the investments and then make a call. Although just doing it now is getting more and more appealing as office re opening gets closer. +What is the cost of having kids VS not if you wanted to maintain same or similar level of lifestyle? + +The average cost of raising a child from 0-18 often cited in the media is $200-$300K not including a college education. I assume most of you here intend on funding postsecondary education and living an “above average” lifestyle, so this $ range is not super relevant. + +If your fat target as a single/couple is $X, what % addition would you put on top of that if you are contemplating 1 child? 2? + +Or would you say that at your fat target, finances would not be much of a factor anymore in deciding whether or not to have children? +&#x200B; + +I am sure most on [r/pennystocks](https://www.removeddit.com/r/pennystocks) have heard of **Citius Pharmaceuticals (NASDAQ: CTXR)**. There have been countless submissions promoting the stock here, on other sub-reddits and across other social media platforms as well. This promotion has resulted in a substantial increase in volume trading CTXR's stock, and therefore a substantial increase CTXR's stock price - despite FOUR share offerings to raise cash in the last 12 months. + +On the contrary, **Medexus Pharmaceuticals, Inc (OTC: MEDXF)** has received minimal promotion on social media and suffers from very low trading volume. Having read through dozens of the hundreds of CTXR posts over the past few months, I am astounded by the amount of misinformation posted by the OPs as well as the delusion amongst those in the comment section. It reads like a cult. Confusion regarding the status of clinical trials, people claiming approval is expected on X date, assumptions that hospitals will immediately switch to using CTXRs products etc. There is little acknowledgement of the fact that one, or all of their products could be rejected - leaving the company with no viable products and colossal liabilities. Few times have I read someone acknowledging the risk associated with investing in a pre-revenue pharmaceutical company. + +&#x200B; + +CTXR has the following product portfolio: + +1. Mino-Lok. This isn't out of Phase 3 yet. No NDA submission. No FDA review meeting set. It could be years until a date is set. CTXR hope to file an NDA in 2022. Has no guarantee to be approved. No guarantee to be a commercial success. Generates $0 revenue. +2. Mino-Wrap. This is still in Pre-Clinical Studies. Phase 2 isn't expected to start until Q4 2021. Phase 3 isn't expected to start until Q3 2022. NDA submission isn't expected until Q2 2024. Has no guarantee to be approved. Generates $0 revenue. +3. Halo-Lido. Phase 2b trials aren't expected to begin until Q3 2021. No date is provided for anticipated Phase 3 trials. Generates $0 revenue. + +&#x200B; + +To summarise - three products. None of which are approved anywhere in the world. None of which have a date set for an FDA review meeting. None of which generate any revenue for the company. + +CTXR's latest [quarterly report](https://www.otcmarkets.com/filing/html?id=14949610&amp;guid=f98nUaOswTA2O3h) shows they burned through $13.835m of cash in the six months ended 31st March 2020. This is why they so frequently dilute their shareholders through offerings to raise cash. May 2020, August 2020, January 2021 and February 2021 all saw registered direct, public or private offerings. That's four times in just one year. They now have $103m in cash which the CEO claims will see them through to 2024. That is of course assuming they don't pursue any other new products, or run into any legal issues etc. The CEO stated in May 2021 that he expects R&D costs to increase in 2021 as they continue with their trials. + +[DawsonJames covered CTXR and projected their expenses](https://dawsonjames.com/wp-content/uploads/2021/03/CTXR.3.10.21.pdf) in 2021 will be $35,000,00, then $36,661,000 in 2022 and presumably this will increase into 2023 and 2024. This $103m of cash might not last very long. + +MEDXF has an extensive [product portfolio](https://www.medexus.com/en_US/canadian-product-portfolio). Many of their products are approved and currently generating revenue. Others are awaiting FDA and Health Canada approval after successful trials. Some of their products are: + +1. Rasuvo. Approved. MEDXF have 79% of the US market share. Generates revenue. +2. IXINITY. Approved. MEDXF currently have 4% of the $1billion market share. Generates revenue. +3. Metoject. Approved. MEDXF have 24% of the Canadian market share. Patent protected until 2027. Generates revenue. +4. Rupall. 43% market growth in 2020. Approved. Generates revenue. +5. Gleolan. Approved in Canada and launched February 2021. Generates revenue. +6. Otixal. Approved in Canada. +7. Cuvposa. FDA approved. +8. Trispan. Approved in Canada. +9. Nyda. (Available over the counter). Generates revenue. +10. Relaxa. (Available over the counter). Generates revenue. +11. Oralvisc. (Available over the counter). Generates revenue. +12. Tricovel. (Available over the counter). Generates revenue. +13. Calcia. (Available over the counter). Generates revenue. +14. Treosulfan. This is the company's flagship product. It is already approved and in use throughout numerous Western countries. All US trials are complete and results were positive. It is endorsed by doctors already using it worldwide and the PDUFA review date is set for August 2021. MEDXF CEO has stated numerous times that upon US approval (which is not guaranteed, however is widely anticipated by the company and medical community), it will double MEDXF's existing revenues. + + +To summarise - MEDXF have assembled an extensive portfolio of products which already generate substantial revenues for the company. So much so, the company achieved record revenue of **$31.5 million (CAD)** for the [three-month period ended December 31, 2020, versus $16.2 million for the same period last year](https://backend.otcmarkets.com/otcapi/company/financial-report/272917/content). In addition, it has a lineup of further products awaiting approval after finishing successful trials - most notably Treosulfan and Trimcinolone Hexacetonide which are anticipated to generate substantial revenue. + +MEDXF submitted their NASDAQ application on January 21 2021 and approval is expected imminently. As part of the uplist process they completed a “bought deal” public offering by way of a short form prospectus in Canada, raising approximately $32.5 million, raising their cash on hand to $45 million. + +Despite already having an extensive product portfolio generating substantial revenues growing year on year, MEDXF has a lower market cap than CTXR. MEDXF is, somehow, worth less than half of CTXR. + +&#x200B; + +||Revenue ($CAD) Nine month period ended December 31 2019|Revenue ($CAD) Nine month period ended December 31 2020|Projected 2012 Revenue ($CAD)|Market Cap ($USD)| +|:-|:-|:-|:-|:-| +|MEDXF|$48,729,000|$82,660,000|$115,000,000 ([Projected by Stifel GMP](https://www.medexus.com/en_US/investors/stock-data/analyst-coverage))|$112,893,116| +|CTXR|$0|$0|$0|$265,528,936| + +This hasn't been an attempt to dissuade anybody from investing in CRXR. Neither is it an attempt to persuade people to invest in MEDXF. I solely wish to highlight how some companies benefit greatly from hype generated online, whilst others suffer through falling under the radar. People flock to invest in hugely speculative companies who, even if everything goes successfully, wont begin generating any revenue for years (CTXR, EEENF), yet ignore companies who are already years, even decades ahead of pre-revenue pharmaceutical companies like CTXR. + +I would be interested to hear from people who have invested into CTXR and understand what they hope their investment will do from now until one of their products is (hopefully) approved, commercialised and launched in a few years time. + +I do currently hold MEDXF shares and have been increasing my holding for the past three months. I still hold all of my RXMD and continue to average down. I still hold all of my EXPFF. +On Thursday I called that Friday would be the bottom of the market, the SP500 would hit near 2850 and bounce back up. I was on WSB discord and EVERYONE was laughing at me when I said I was buying SPY calls. Well keep fucking laughing while your puts expire worthless tomorrow. Look at the charts and see for yourself. + +(EDIT: Im calling for a big bounce this week, not a bull market to ATH. You gay bears can have the fun next week. At the end of this week we may still close flat or red). + +Lets look at the 15 minute chart of the S&P500. Inverse head and shoulders pattern, stocks going up. Buy calls. + +https://preview.redd.it/onvps9fgbdk41.png?width=704&format=png&auto=webp&s=2db767e064c84977fc8f5f484dbfc38a33a316b1 + +Now lets look at the daily chart below. The S&P 500 chart today easily broke above the 200 DMA, that is a good sign for the bulls. Next resistance ahead is the 3139 level which is the 9 DMA. + +https://preview.redd.it/ryz6lgxxbdk41.png?width=704&format=png&auto=webp&s=529ff7f83174621a9c3b3cfcdbd97b82c788abe3 + +Lets look at the 60 minute chart (below). There is some resistance at the red line around the 3129 level. This is close to the 3139 level on the daily chart. + +https://preview.redd.it/6x4fgshccdk41.png?width=705&format=png&auto=webp&s=f7891a4beb11a11d1c36bd8fb0f21ad652a878f1 + +Seems like tomorrow there will be a big resistance zone between the 3129-3139 level. If the S&P 500 can break above that level, then the next resistance is 3168 (100 DMA), but honestly I think itll just shoot right over it and go for 3263 level (50 DMA). Here is the reason why, look at this last chart below: + +https://preview.redd.it/03bf0e6scdk41.png?width=705&format=png&auto=webp&s=391838680758d0d004219ef805de917d0a6be9b4 + +This chart shows the ratio of puts to calls in the market. + +More than 1 means more people buying puts. Anything above 1.1 is getting too risky and 1-sided. Anything above 1.2 is extreme + +Less than 1 means more people buying calls. Anything below 0.8 is extreme. + +Look at this fucking chart, people are STILL holding onto their puts that were bought last week. The ratio today closed at 1.29, which is at the same level that we had on Thursday and Friday. + +**MOST PEOPLE HAVE NOT TAKEN PROFITS ON THEIR PUTS FROM LAST WEEK.** + +Tomorrow the market will open higher and LOTS of people will be selling their puts to cut their losses, which will bring the market much higher. We will go way past the 100 DMA (3168 level), we just need to break above the strong 3129-3139 level, then we go to the moon. + +TLDR: Everyone in this subreddit is fucking autistic and is still holding puts (thanks to Robinhood). Market opening higher tomorrow. + +EDIT: My call option position [https://imgur.com/1NC0lRs](https://imgur.com/1NC0lRs) + +EDIT 2: My previous post calling the bottom last week [https://www.reddit.com/r/wallstreetbets/comments/faloru/we\_are\_close\_to\_the\_bottom\_buy\_spy\_calls\_soon/](https://www.reddit.com/r/wallstreetbets/comments/faloru/we_are_close_to_the_bottom_buy_spy_calls_soon/) + +EDIT 3: So many people pissed off and downvoting this to the ground. Shows how many people are still holding their puts and about to lose tons of money. Market definitely opening higher tomorrow. Also I forgot to mention the VIX closed back inside the bollinger bands today after being outside of them for 4 straight days, big buy signal. +The title about sums it up. The bitter truth is that I was a homeless, physically ill junkie from about 17 to 26. Then I was just homeless and sick but sober (thank you methadone clinic) till 28, and these last two years have been the first in my life having my own room. I'd like to lie and say that during my time as a scumbag I valiantly resisted the temptation of ruining my credit forever as I held out on the hope that I would someday get better.. But the reality was I was, thankfully, too stupid to figure it out. + +So, here I am, turning 31 in January, and thanks to paying off an electric bicycle, TV stand and most of my TV at rent-a-center, my credit score is 651 now. I've never had a car and my license was suspended before i even ever applied for one thanks to unpaid fines that had nothing to do with driving (that's a whole other story) and I want that to change.. I feel like my life is just beginning, and building credit is a necessity that I frankly didn't previously believe I'd be alive long enough to need to utilize.. + +So, I guess that's a lot of words to say this: What kind of credit card should I get? If you were able to go back in time and tell yourself something useful about starting off with credit cards with what you've learned through your experiences, _that's_ the kind of info I'm looking for. I know it's pathetic i don't know about this stuff at my age, but for once i want to go into something with the potential to significantly impact my life with at least a basic understanding/ a good starting poing.. Thanks for reading, and thank you in advance to those of you who reply. Here's my Relevant stats: + +Credit score: 651 (credit karma) 590 (myfico) + +Income: 13.75/hr + +Hours worked a week: 32 minimum, 41 maximum + +Location: US, Maine + +Primary expenses: Rent ($525/m), Rent-a-center payments ($208/m), utilities ($100/m), phone ($45/m), and smokes ($40-$60/m) + +Goal/purpose for credit: getting a car/paying off fines to go for my license + +Outstanding fines: ≈$1,400 + +Edit: I'm probably going to get banned for sticking up for myself in the comments, so I just want to thank everyone who took the time and _wasn't_ an ass to me for buying myself my first ever TV in the only way I could afford. Wasn't the advice I was asking for, but I guess that doesn't matter. Anyways, I've gotten my answer- I'm going to go see the credit unions near me and go for a secured credit card to start! Thanks again y'all, and take care 🍻 +I know this gets posted semi-frequently, but markets move fast and so this opinion is always changing. What are some stocks that you put a fraction of your investing money in that you know is risky, but are betting for long term potential? I’ll list some of mine. + +Rover (ROVR): Just went public via a SP@C and is the dominator in the pet sitting market. Very strong upside emerging post-Covid with people going on vacations/returning to office. Lots of COVID adoptions for pets has expanded the Rover market tremendously. + +Proterra (PTRA): IPO’d this year. Manufacturer of electric buses with customers ranging from colleges and universities to National Parks to cities in the US for local transportation. Also breaking into the school bus and commercial vehicle markets. + +Corsair Gaming (CRSR): a company from my opinion (and the opinion of many analysts) is INCREDIBLY underrated. With gaming/streaming expecting to grow rapidly over the next few years, this company provides a lot of the equipment necessary for it. + +Coinbase (COIN): Crypto wallet with more uses than just buying and selling cryptocurrencies. I’m a big believer in Ethereum so I like the support for DEFI and Dapps. + +Array Technologies (ARRY): Develops the ground mounts necessary for solar panels to move with the sun to achieve max exposure and thus better efficiency. Offices across the Americas and Europe. +Hey all, + +For the last few years I had been hiding from my wife that we were spending more than we made. To cover unnecessary purchases, I was taking out small loans here and there until yesterday when I couldn’t do it alone anymore. I broke down and told her. After, doing a budget here are the numbers: + +Money in the Bank: $900 (Checking, Savings, etc.) + +Our After-Tax Income is $138,000 ($11,500/month) + +Our Discretionary Income (After All Necessities Are Accounted for) is about $4,000 per month. + +Our loans are probably close to $100,000 + +I was just looking for some perspective on the type of situation we are in. Is this dire or are we in a good position to dig ourselves out from under this mountain of debt? Thank you in advance. +I ended up having extra Christmas money this year which will enable me to finish off paying my couches. I owe $1044.00 on the couches with 0% interest until November 2020. On the flip side, I have 4 windows that need to be replaced on the front and sides of my house. The construction crew told me the price would be just a hair over $1,000 including labor. This also includes a new car port door. What should I do? +First off, I apologize if this isn't allowed here, I didn't see anything in the rules that said otherwise. If there's a better place to ask about this, please let me know. + +So some things you should probably know; + +I'm 19. + +I don't have a lot in saving's right now, perhaps 1200? I have a crypto mining rig I can sell if needed that's worth 3000 on the lower end. My car's worth ~8k. I've only recently started saving, this past month or so, as my parents are suddenly insisting I move out soon, so that they can have my current room for the baby they're trying to have. I plan on saving ~600 month plus whatever spare money I come across, and I'm sure it'll take a couple months before I can get moved out, so I expect by then my savings will be a bit higher. Ballpark estimate would be $3000 within 2-3 months. + +I make 15/hour and frequently get overtime. On the lowest end I make around 1800/month and on the higher end nearing 3000 after taxes. I've heard that there's potential for another raise in the near future but I don't imagine it'll be much more than $1.00 and probably less. That said, I can reliably make 2500/month if needed. + +I've worked at this place for around 15 months now, and I was a full time student for ~a year and half before that. + +I'm from Southern Oregon. + +My monthly current bills total to a slightly exaggerated estimate of ~$800, worst case scenario. That's not including housing, currently 300/month. I've had my monthly bills as high as 1500/month during the time I was purchasing a car. + +I'm currently not worried at all about the location (within my city) or the "niceness" of the house, I'm just trying to find the cheapest 2+ Bed I can so that I can rent the other room to help with costs. I already have a roommate lined up for when that happens and the idea is for us to split all costs 55%(me)/45%(roommate) + +Prices are pretty high right now, obviously, but there's a rather small trickle of houses that fit my criteria for under 150k, the ones I have in mind currently are mostly 2 beds. The nicest is 129k, one's 125k, and another is 105k. There's also a 1 bed that's listed for 100k and I was going to see about talking them down in the price. Rough estimates put the total mortgage at 950/month for a loan of 150k with 3%down and covering closing costs, which is pretty similar, even less in a lot of cases, to prices on renting a place with similar features. That in mind, I'm aware that there's good potential for value to decline, but I still feel it'd overall be better than losing my money entirely by renting. + +So, with all of that in mind, my question is "What's my best options for getting a loan in this situation?" I've never bought a house before or had a loan, excluding student loans or personal loans from people I know. I'm mostly looking for the cheapest monthly payment possible in my situation. I don't have a huge amount right now, though there is potential to borrow perhaps a couple thousand from my parents with no certainty. + +I want the best option for me to be able to get a house within the next ~4months and at a decently cheap monthly cost. I've set my budget at a maximum of 150k, though I'm trying to find something closer to 100-125k. + +Any banks in particular? Anything else I can do to make this easier? And tips for the whole process? Is there any reason I shouldn't buy a house and instead rent, other than the possibility to default on the loan? +Hello all, I’m hoping for some advice on how to make up for lost time with my lack of retirement planning/savings. I’ll spare you the details of how I got to the age of 34 without a penny of retirement savings/investment to my name, but will give you the details about where I am financially. + +As of 2020, the only debt I have to my name is my mortgage. I have a great interest rate and have no plans at the moment to aggressively pay this down. I have 30k in savings that is doing absolutely nothing for me other than providing a sense of security (which I guess is not a bad thing) and I have an extra $1800-$2000 a month that I’ve been tucking away into my savings monthly. I work for a very small startup and there is currently no retirement plan in place to utilize, so I’m on my own for the time being. + +At my age, I know I should start being pretty aggressive with my retirement and I’m ready to do so, I just don’t know where or how to start. + +Any advice/suggestions is greatly appreciated! +I'm on the younger side of the fatFIRE game and just got married/planning on starting a family this year, so looking to get the house in order. We've got liquid assets, retirement savings, interest in various companies, and real estate (held mostly in a bunch of LLCs) that we want to pass to our (future) kids as smartly and efficiently as possible. On the advice of a trusts and estates attorney, we're planning on setting up a revocable living trusts and transfer all assets into it to avoid probate and conservatorship. We'll still have wills, which will "pour over" all assets into the trusts, and name guardians for the future kids. My questions for this group: + +&#x200B; + +1. Have you all taken this path, or a different one? +2. One thing that the attorney mentioned was the possibility of setting up a "family limited partnership" to be a topco entity to hold the LLCs we have interests in. Anyone have experience with this structure and have any thoughts on the tax efficiency/liability concerns of having a topco as an LP? +3. Has anyone done any thinking about whether property held in a trust for the benefit of children down the line affects the financial aid calculus at colleges (I don't think we'll qualify, but if there is a way to legally hack it so we do, that would be great.) +4. Anything else you've thought through as you plan on how to pass your fat stash to the next generation? + +&#x200B; + +&#x200B; +So, for starters, I'm Canadian (not sure if that effects anything), but I'm really looking to take a sum, let's say a thousand bucks, and learn from using it. + +I'm curious about where I should look for reliable information, what I should use for trading, and any other information I can learn. Reddit has always been my guiding force in life, so I turn to you! + +Thanks a million. +The U.S. economy has experienced 2 recessions in the last 2 decades. The latter one in 2008 & 2009 is considered to be the worst recession since the Great Depression and was dubbed the Great Recession. Shortly before each of these recessions, the interest rate yield curve inverted. In this post we will look more closely at the correlation between an inverted yield curve and the onset of a recession. + +After the 2017 rally extended into January of 2018, investors seemed poised to have a second year of stellar returns. The S&P500 surged 7.5% in the first month of the year. Markets were riding high on the euphoria of the new GOP tax cut combined with indications of improved corporate earnings. Then came February with increased fears of a hawkish Fed and the possibility of 4 rate hikes in 2018 to combat rising inflation. In March, these fears were compounded by tariff talks and the US appeared to be on track for an all-out trade war. Despite the resulting 10% correction from the January highs, the good news is that the market is still trading within its trend-lines (see Chart). + + +In March, the Fed passed the first 0.25% rate hike and narrowly projected just 3 rate hikes for 2018. Along with rising interest rates comes the fear of inverting the yield curve if rates rise too quickly. The yield curve becomes inverted when short-term rates are higher than long-term rates. Banks typically borrow based upon short-term rates and lend based upon long-term rates. As long as there is a positive slope to the yield curve, the banks can make a profit. When the yield curve flattens or goes negative (inverted), lending tightens. This is bad for an economic expansion since corporations typically need to raise capital in order to grow. For this reason, an inverted yield curve is a common predictor of a recession. + +So what are the measures that define an inverted yield curve? One simple indicator is to measure spread between the 2-year and 10-year treasury rates. Charting the S&P500 price performance relative to the spread between the 2-yr and 10-yr rates shows the impact of an inverted curve (see Chart). + +Readers will see that in 2000 the market topped approximately 6 months after the yield curve inverted. This happened again in 2007 when the market topped approximately 16 months after the yield curve inverted. Readers will also note that we are currently 82% of the way back to a flat yield curve since the spread reached a high of 2.81% in February of 2011. If the current rate of decay continues, the yield curve will invert sometime in 2019. + +Another approach is to look at the entire yield curve and the average interval between the various duration treasury rates. Specifically, we can look at the average spread between each of the following rates: + +1-month treasury, +3-month treasury, +6-month treasury, +1-year treasury, +2-year treasury, +5-year treasury, +10-year treasury, +30-year treasury, + +Charting the S&P500 price performance relative to the average spread between these rates shows the impact of an inverted curve (see Chart). : + + +In 2000, the market topped approximately 2 months after the yield curve inverted. Then in 2007 the market topped approximately 12 months after the yield curve inverted. Using this metric, we are currently 71% of the way to a flat yield curve since the average interval rate reached a high of 0.65% in February of 2011. If the current rate of decay continues, the yield curve will invert sometime in 2022 or 2023. + +As one might expect, the general results are similar for both approaches. The main difference is that the 10-year to 2-year spread appears to invert approximately 4 months little earlier than the average interval approach. + +Conclusion: +With interest rates on the rise, be watchful of the yield curve as we head into 2019. If the curve inverts, we could see a recession within 2 to 6 months. + +The charts can be viewed at https://dividendtotalreturn.net/inverted-yield-curve/ +Interactive Brokers (IB) currently has a bug in their margin software system that will liquidated perfectly good accounts. Why? Well they came up with a new formula for margin on credit spreads that uses market quotes. SMH. Yet another industry unit that is completely clueless. I argued with them for 4 days. Everyone I spoke with told me that I did not understand how options work. Yeah Yeah same ole nonsense. + +I have been trading options for 15 years. The margin on credit spreads does not change under Reg-T. The maintenance margin represents the max loss of the position. Do tell that to those geniuses at Interactive Brokers. They eventually realized they made a mistake. + +So how did they fix it? - They offered me less money than the losses I sustained during the liquidation. Absolutely repulsive. + +Did they fix the bug? - One of their executives told me that he was not at liberty to discuss that. - This is pure comedy folks! + +FINRA's regulations at its finest. A FINRA rep actually asked me - why not find a new broker? Really? So Interactive Brokers can illegally liquidate customers and FINRA does not care. - WOW. + +FYI.... Competition wont fix the system. Traders are too fragmented. Regulator must properly enforce the rules. + +Illegal liquidation constitutes Unauthorized Trading +Hi team, just wondering what's the minimum amount I should be looking at investing for my child, i don't have much and would like to save $20 a fortnight for my child. Is it worth investing once that reaches say $1000 or just keep it in a savings account. +Any advice appreciated. Thanks +Hey, +I'm staying in Australia with a working holiday visa for 1 year. Worked at a company for 3 months as an individual contractor. I had to give them my abn, send them my invoices every week and pay the taxes myself. +I left that job 6 weeks ago and they still owe me about $6,500 (6 weeks). They're saying that they currently don't have any money to pay my invoices but I know that my ex co-workers got paid in the last few weeks (although some of them are also not being paid). + +What do I do to get my money? + +fairwork.gov.au states: "If an independent contractor doesn't get paid for an invoice they can take their own legal action or seek independent legal advice for help. We can’t enforce payment of unpaid invoices." + +I don't have money to get a lawyer. I'm barely surviving on my savings right now and I'm hopefully starting to work in 2 weeks again.. + +Would appreciate any help +Edit: TRIGGER WARNING - added details of domestic abuse. + +In 2017, I left my husband of 10 years. He was abusive and lazy; I was the breadwinner for about 8 of those years, with him refusing to get a job that pays the bills despite his military background. He was content chasing his UFC dreams—which I supported for a couple of years—and chasing other women behind my back (that, I did not support). I also got behind him when he decided to use his G.I. Bill to go back to school, unfortunately, since he was so busy chasing girls in college instead of focusing on his education, he failed all the classes and we had to pay back the money which, of course, we couldn’t. Any tax return I got over the next few years were garnished to pay for his failures. I maxed out cards a few times because I couldn’t make ends meet, and every time I was able to save a little bit to put into the debt, something would happen, like, our one car would break down and require $$ to get fixed. Or we couldn’t pass inspection and have to find a shady smog check place that would pass us. Then when I would get the car registered, I would find out that my husband got a gazillion parking tickets, that instead of paying $200 for registration, we are owing $700, instead. I couldn’t get a car loan (and I was deathly afraid of even trying). At that time, we lived in LA where the cost of living was high. From 2008 to 2015, i only made about $10 to $16/hr, and my (ex)husband gave me MAYBE $200-$400 a month from his ‘coaching’ job at a Muay Thai gym. + +In addition to the economic hardship that I was experiencing (I say “I” and not “we” because I was the only one dealing with it and working on it by myself), he was also very controlling and would scream and yell at me at the slightest provocation—there were times I felt so humiliated to even step outside our home, knowing that our neighbors (in the ghetto where we lived) heard me getting degraded and called names. He was physically abusive from time to time, as well, spitting on me, dragging me by the hair across the floor, pinning me on the bed and sitting on me/not letting me out of the room, sleep depriving me during arguments, breaking things, kicking the wall in, etc. Once, one of his ‘girlfriends’ who was upset that he hasn’t left me yet was giving me a hard time and he had her call me to cuss me out and tell me what my ‘place’ was. I cussed her right back. When he got home, he made me call her to tell her that I was sorry and that she was right—I was nothing to him. He threatened to call USCIS and claim that he discovered I married him for a green card (not true at all—I married him out of love) and get me deported and my son taken away from me. I was depressed, desperate and trapped. Whenever i fought back, he would threaten me even more and I’d be so fearful of what could happen that when he’d tell me to get on my knees and ask for forgiveness, I would obey just to make it stop. Then I was expected to flip a switch and show him I’m ok and happy. It was the most painful years of my life. + +In late 2016, I was working as a CSR, making $16/hr when I got my first big break since I immigrated to the US 9 years ago—I applied for a marketing job in my company within a year of working there, and got it. I went from $16 to $24. Although I told my ex about the promotion, I did not tell him how much my pay increased—I told him I got a $3 increase from my current hourly pay. I started saving for a car. This was in November 2016. + +In April 2017, I had $3k in my pocket. I bit the bullet and went to a Toyota dealership to buy the cheapest pre-owned car I could get since the old junky car we had was under my ex’s name and I didn’t want to have to fight over that. I needed a car to leave. After I got my license plate and registration, I immediately went to work and told my ex I was leaving him. He kicked up a huge rage and I was on the receiving end of so much abuse, so I decided to move my 12-y/o (at the time) and left behind everything in our rented apartment… we only took our personal things and my car. I barely had two pennies to rub together, but I moved my son and I to a rented room in a home owned by a couple 20 minutes away from our old home. + +My credit was 525. + +2017 was a big year for me. I left my ex-husband, filed for divorce, met and fell in-love with a new man 3 months after I separated from my ex. This man eventually became my husband (we have been happily married since 2019). In any case, soon after I dumped my ex, I started making some ‘money moves.’ I already had a secured credit card a year before I left, but I also opened credit at a jewelry store and bought a ring that I paid $80 a month for. It helped bring my credit up. I paid all my bills on time and even started paying off some of the bills I had in collection. Eventually, I was able to get low-limit credit cards with high-interest and researched how I could use it to my advantage. + +Fast forward to 2020. I am happily married, living in the East Coast, working a job making 2x what I made in 2016, only debts are two cars that I’m paying off, and currently looking to buy our first home! I also now have a score of 720. Not the most amazing score ever, no, but it’s pretty amazing to me. Every time I think about where I was 4 years ago and how desperate I was, couldn’t catch a break and getting pulled back down every time I even inched up slightly, I cry a little bit but then I look at all I have in my life now and feel so grateful that I was able to climb out of it. By all means, we are not rich and I’m nowhere near ready for retirement at 39, but I know we are going to get there. +First, check my history here... + +* Called $BBIG when it was 2.5ish (twice) +* Called $INOD when it was 5ish + +&#x200B; + +Merger coming in in Q3... read more here: [https://corporate.support.com/wp-content/uploads/2021/03/Greenidge-SPRT-Merger-Announcement-032221-FINAL.pdf](https://corporate.support.com/wp-content/uploads/2021/03/Greenidge-SPRT-Merger-Announcement-032221-FINAL.pdf) + +UPDATE: apparently there is a bill that was targeted towards $SPRT (and had negative impact) and now seems dead (confirmed: [https://www.coindesk.com/new-york-crypto-mining-bill-dies-in-assembly-after-passing-state-senate](https://www.coindesk.com/new-york-crypto-mining-bill-dies-in-assembly-after-passing-state-senate)) + +&#x200B; + +[$SPRT use natural gas power plant to mine](https://preview.redd.it/1vmrtjpjro471.png?width=557&format=png&auto=webp&s=54d19511edff8041178151b59633b46cbcd42c3c) + +&#x200B; + +[Chart](https://preview.redd.it/x1up3kzxno471.png?width=589&format=png&auto=webp&s=87d39dca23493ceb6c7e49bfbe9ce17f0877d416) + +Now $SPRT, let me bore you with some facts before we insert the rocket emojis + +* Tiny float of 14.50M shares +* 24% short float and no available shares left to short (no more shorts ammo, that's my problem with $AHT for example) +* Institutions raised their stake in $SPRT by 135% +* Institutions currently own > 50% of the float +* Unusual activity for 5$ calls expiring next week + +[Will Meade picked it up a few days after I shared the data, exactly as it was with $BBIG](https://preview.redd.it/t11lqsh2oo471.png?width=571&format=png&auto=webp&s=7f87bfdfc9f92a8b459271f64b7d2d3bef7b045e) + +* $SPRT touched my first target today ($5), last time it did that with $4 and built solid consolidation above it, if history repeats itself again Monday will take us to the 4.9-5 range + +&#x200B; + +[Chart I published yesterday, today we touched the first TP](https://preview.redd.it/qdz0w5ugoo471.png?width=2200&format=png&auto=webp&s=682a06578474c37b95d26ca12fb7f76e5a685409) + +&#x200B; + +[Today update: trend is still intact](https://preview.redd.it/qh2djv9qoo471.png?width=801&format=png&auto=webp&s=59b19437b9a616a3bf55e677b0cc9d525de93fb1) +First, check my history here... + +* Called $BBIG when it was 2.5ish (twice) +* Called $INOD when it was 5ish + +&#x200B; + +Merger coming in in Q3... read more here: [https://corporate.support.com/wp-content/uploads/2021/03/Greenidge-SPRT-Merger-Announcement-032221-FINAL.pdf](https://corporate.support.com/wp-content/uploads/2021/03/Greenidge-SPRT-Merger-Announcement-032221-FINAL.pdf) + +UPDATE: apparently there is a bill that was targeted towards $SPRT (and had negative impact) and now seems dead (confirmed: [https://www.coindesk.com/new-york-crypto-mining-bill-dies-in-assembly-after-passing-state-senate](https://www.coindesk.com/new-york-crypto-mining-bill-dies-in-assembly-after-passing-state-senate)) + +&#x200B; + +[$SPRT use natural gas power plant to mine](https://preview.redd.it/1vmrtjpjro471.png?width=557&format=png&auto=webp&s=54d19511edff8041178151b59633b46cbcd42c3c) + +&#x200B; + +[Chart](https://preview.redd.it/x1up3kzxno471.png?width=589&format=png&auto=webp&s=87d39dca23493ceb6c7e49bfbe9ce17f0877d416) + +Now $SPRT, let me bore you with some facts before we insert the rocket emojis + +* Tiny float of 14.50M shares +* 24% short float and no available shares left to short (no more shorts ammo, that's my problem with $AHT for example) +* Institutions raised their stake in $SPRT by 135% +* Institutions currently own > 50% of the float +* Unusual activity for 5$ calls expiring next week + +[Will Meade picked it up a few days after I shared the data, exactly as it was with $BBIG](https://preview.redd.it/t11lqsh2oo471.png?width=571&format=png&auto=webp&s=7f87bfdfc9f92a8b459271f64b7d2d3bef7b045e) + +* $SPRT touched my first target today ($5), last time it did that with $4 and built solid consolidation above it, if history repeats itself again Monday will take us to the 4.9-5 range + +&#x200B; + +[Chart I published yesterday, today we touched the first TP](https://preview.redd.it/qdz0w5ugoo471.png?width=2200&format=png&auto=webp&s=682a06578474c37b95d26ca12fb7f76e5a685409) + +&#x200B; + +[Today update: trend is still intact](https://preview.redd.it/qh2djv9qoo471.png?width=801&format=png&auto=webp&s=59b19437b9a616a3bf55e677b0cc9d525de93fb1) +There once was a community that posted articles of value. + +This community was friendly and helpful. They discussed both the pro and con of bitcoin as an alternative. + +Now we have a constant stream of meme and associated spam. + +Anyone who challenges the everything is amazing mentality is harassed. I've seen people promoting illegal activity here. I've seen so many useless posts over the last few weeks that I can't see how a community can recover. + +To use a meme in reference I can only go so far as to say this is why we can't have nice things. + +/unsubscribe +I've been learning about options through his educational videos and was tempted to sign up for a membership but I noticed something fishy about the reviews. + + +I noticed the "reviews" on his page were created by either bots or bought. +Here is the website of his reviews: https://optionalpha.com/reviews +And if you do a google image search under those reviewers you will be able to find a lot of them with different names and location. + + +Here are some random ones that I picked under his website that gave me a match: https://imgur.com/a/FT8Z1Gp + +UPDATE: Everyone can agree that Kirk's podcast and courses are phenomenal, no doubt about that. Only issue I had and what stopped me from signing up was the "fake" reviews that I found. + +Kirk's statement: https://www.reddit.com/r/options/comments/buv7g2/is_option_alpha_a_scam/epia5nm/ + +As noted by /u/MagesticDorito, it appears that Kirk updated his Terms of Services: https://www.reddit.com/r/options/comments/buv7g2/is_option_alpha_a_scam/epilgda/ +I'm in my early 30's and single, had a successful business for 10+ years, saved up, invested well and now have enough to retire and live comfortably on the passive income. +But that sudden realization is just making me really depressed. + +All my friends envy me and think it's great, they don't understand. I don't feel like working any more, why bother if I already have enough? They have their "projects", startups, businesses, ideas, or working to advance their careers, dreaming of a bigger house, higher pay, the next vacation. But I feel that I've done it all already. + + Business has always been a huge part of my life and now it's no longer interesting. +I don't see myself living a life of leisure, don't care much for luxury, don't care much for volunteering, and I've traveled quite a bit already. +Feeling disconnected from everyone and everything, and just not sure what to do with my life next and it's really depressing to think about. +I know I can grow my business, expand it, make more money, but what for? + +Has anyone faced something similar? How do you continue to be productive and derive some meaning from life, find new meaningful goals to pursue..? + +*Note: sorry for the somewhat depressing topic below + + +Almost anyone looking at RE has a concern about running out of money. One thing I haven't seen a huge discussion on is the risk of retiring too late - perhaps the regret of missing out on time with friends/family. It's easy to assume in our 20's, 30's, 40's that good health will continue, but the fact is our time on this planet is limited. While nobody with a non-terminal illness can predict their own death, we can look at some statistics on the matter to embrace our inner-nerds and figure out the risk of not retiring ASAP. + + +Let's look at a potential FIRE candidate. FI male at age 40, married to female age 40, with two kids aged 7 and 10. Let's say they have $40K/year expenses with a paid off house and $1M in investments. Now nobody knows the exact risk of running out of money in retirement, but for the sake of argument let's assume they have flexibility in their expenses to cut back and they estimate a 93% probability of not running out of their money. + + +These FIers are considering working 1 more year to turn this 93% into a 95% probability of success. + + +OK, so for the flip side of things: working 1 more year might turn out to be a mistake because someone's health takes a dive and everyone regrets not stopping work earlier for more quality time. Now everyone's feelings of 'regret' are going to vary here. For myself, I would like to have at least 10 years of retired life without anyone in my immediate family perishing or becoming disabled, so let's use that as an example. + +So what are the odds that FI male and female make it to age 51 with everyone still in good health? For this we can look at the [SSA actuarial tables](https://www.ssa.gov/oact/STATS/table4c6.html). + +A 40-year old male has a 0.2092% chance of dying at age 40. + +At age 41 this increases to 0.2240% + +If we combine all the probabilities from 40 through 50, his odds of surviving to age 51 are: 96.418% (kind of a bummer isn't it?) + +Now, for me I also want my spouse and children to survive that decade, so let's throw them in the mix as well. + +* Odds of female surviving age 40 through 50: 97.720% +* Odds of male child surviving age 7 through 17: 99.736% +* Odds of female child surviving age 10 through 20: 99.772% + +The combined probability of all 4 surviving for the whole 11 years is: **93.757%** + +Yikes. + +Now, you might be saying: I have above average health and I've made it this far, so my odds are probably better than average. That might be true, but at this point we've only looked at deaths. If you also throw disabilities into the mix, the average will likely get pulled back down. The SSA has [data on disabilities](https://www.ssa.gov/oact/NOTES/ran6/) too, but it's a bit more complicated and I haven't put in the effort to calculate it. Suffice to say that more people become disabled each year than die in the 40-50 age group. (To be fair, not all SSA disabilities are permanent, however). + +So if our example FIers accept the sad fact that there's >6% chance of losing a family member in the next decade, the 93% success rate over a long retirement doesn't seem quite so bad. + +**TLDR** Life is short; health is fleeting. Don't put off spending time with those you love for a small % increase in probability of success in retirement. + + +A big part of FIRE involves finding the perfect place to retire to, with a balance of low cost of living, safety, healthcare, language barrier, culture, public transportation, education for children, food, etc... + +I remember seeing a post maybe a year ago where people mentioned where they lived, things they liked and disliked about it, and how much things cost. I've always wondered myself about the specific costs of living somewhere else, and I'm sure many of you are as well. There are sites like numbeo and expatistan, but most have found those sites inaccurate/unreliable. + +This is another attempt to get this discussion started from people who live/have lived in certain areas. The intent of this post is to inspire maybe new FIRE locations that we have not considered, or reconsider certain FIRE locations that we had planned. Not sure if people will enjoy this kind of content, but I'll start with... +**Kuala Lumpur** + +* Housing Costs: I pay $600 for a low floor skyrise one BR condo in a good area of town. You can pay up to $3000 for the most luxurious high floor 2000 sq ft. condo, but most above average ones can be had for about $550-$800 +* Internet: $70/mo for Fiber +* Phone plan: $25/mo with unlimited local calls and text and 30gb 4G data, $10/mo for 5gb 4G data +* Utilities: ~$50-$80/month depends heavily on AC usage +* Food at Street Stalls: ~$2 for Pad Thai, Indian Curry with 1 meat, mixed rice with 1 meat and 1 vegetable +* Food at a food court: ~$4-$5 for anything you want. Don't think America mall food court. This is very common in KL, and is relatively good quality. +* Food at a decent Western Restaurant: ~$10 for a 3 course meal +* Clean eating: ~$7 for a bowl of poke with extra fish, ~$8 for a 'superfood' salad with extra meat +* Uber: ~$3 for a 3 mile ride +* Public Transit: $0.25-0.50 depending on distance within city centre +* Gym membership: $25 for an average one, $45 for the best ones +* Indoor Bouldering: $7 each time including rentals +* Movies: $4-$5/ticket +* Alcohol: $3 beer at a local restaurant, $7-$10 at an expat bar. It is heavily dependent on the area. +* Gas: $35 to fill up a 12 gallon tank + + + +**Pros** +1) City is very walkable, thus a car is not necessary +2) Almost everyone here speaks English +3) Public transit is very reliable and cheap +4) Modern, and not really a third world city in most areas (there are still some developing/run-down areas of course) +5) Life resembles that in the US, you can get any items and do any activity that you want usually within a mile of you +6) Relatively safe (some bag snatching and pick pocketing, but violent crimes aren't common) +7) Lots of high quality international boarding school +8) One of the best healthcare in Asia, with high standards and schooling required to work at Prince Court with high medical tourism +9) Lots of outdoor activities (hiking, wakeboarding, jetskiing, beach, jungle trekking, etc...) within 2-3 hours +10) Very diverse food scene +11) Huge expat community +12) KL is a southeast Asia hub. Tickets on Air Asia to Bangkok, Bali, Singapore, Ho Chi Minh, Siem Reap can typically be had between $30-$50 one way. Tickets to Hong Kong are about $75 each way. Tickets to Tokyo and Seoul are about $150 each way. Obviously ticket price varies depending on season and time of booking. + + +**Cons** +1) Weather is very hot and humid (75-90F with 90+% humidity year round) +2) One of the rainiest cities in the world +3) Traffic is very congested because of small roads +4) Dirty and lots of air pollution +5) Alcohol is very expensive due to heavy taxes +6) The city is 60% Muslim. Not really a con for me...but I can see that really bothering certain people since there's a negative connotation in the US. + +I'm an expat here and spend about $2000/month and that's really me splurging and living way above my means compared to the US. I could easily cut down to ~$1300/month if I cared and still live above average. + +How much do things cost where you live, and what do you like or not like about it? + + +Why is Wayfair stock going up and good companies are going down when Wayfair is way over leveraged at 3.2 billion dollars in debt! Looks like they will be out of business by the end of next year but people are buying in the stock. What the hell? Can anyone help me understand this phenomenon? I've seen this happen with shit companies at every major market turn down +Stonky Saturday apes! This last week has been interesting to say the least. Many pieces finally falling into place in terms of the broader market risk-off selloff. + +Like I think many of you I have been bearish on the market and crypto, because the excess that could be seen in e.g. NVDIA or AMD gaining 50% in October or even a Ford gaining 100%+ in 1 year, stand for the very market manipulation with fake leverage that we are fighting against by buying and holding GME. + +If like me you are also tracking other stocks and have found the zoom out button, e.g. the 5 year chart, it was clear that the trajectory of the broader market and particularly of non-profitable growth tech was unsustainable. I could hardly believe when people on Twitter were still talking about a blow off top ahead, when October had the most ridiculous upwards angle and above mentioned +50% runs on even well established companies. Hint: A companies market value doesn't change 50% in 1 month on no news. + +I have been tracking hundreds of stocks across all sectors as preparation for what to diversify into post MOASS. And I have been doing simple technical analysis, think support and resistance levels, upwards and downward channels, on ~100 stocks and ETFs I shortlisted for closer observation. + +In my opinion many of the high flyers are the right companies, only currently still at much too expensive price. To the point I read this statement on Zero hedge today: "It’s amazing how many multi-billion market cap stocks are down 75% from the highs last year, yet they still seem ludicrously expensive. This will eventually get corrected and corrected with a lot more pain." + +Now how does this all relate to GME? I can tell you for all the other stocks I have been tracking, even my simple TA has been pretty much spot on. Stocks reverse at the resistance levels, bounce at the support levels, and many are currently declining, just like the analysis suggested. + +I did make a few side bets with puts and some worked out nicely while others I picked a bit too early expiration or too cheap strike (instead of the TA target level). But nearly all the target levels I projected were hit. + +Now we all know TA on GME is almost impossible, because it's so manipulated. And please don't come with EW or Tradespotting or others, because you can forecast all kinds of levels and they never talk about all the times they have been wrong. + +But while TA on GME might be tricky to impossible, one thing I am 100% sure on is that I have studied and watched GME like no other stock. Every day for a year I have watched tick for tick, level 2, and all other data I could get my hands on as part of this community. + +So putting things together, I was right on all these other stocks and crypto with TA and expectations, but the one I've studied the most, with the manipulated price movement the hedgies and market makers are screaming at me and all apes that we are wrong. I don't buy that. + +After 1 year, I have still to see any credible anti-DD for apes not being right. By now, the chart itself is one of the strongest DDs discounting all kinds of nonsense I have read. Why does GME run out of nowhere in quarterly cycles if we're wrong? How come we can see data that we're buying 3, 5, 10:1 on Fidelity every day but the WeBull CEO wants to tell us (without showing data) people are selling? + +For me the Fidelity data is quite an important indicator of sentiment. People argue sells are bigger volume than buys, but I don't agree. You need to own a lot to sell a lot. And unless you are a daytrader with a huge account (is there even such a thing?) then you'd have to have acquired your big GME position over time. Like me. + +And do you believe that after 1 year of buying almost every day, I suddenly decide to walk away? Also like most of you, I'm a gamer. I didn't beat Isshin Sword Saint or get a platinum in Bloodborne or 102% on Donkey Kong Country 2 because I give up. I know you are the same. + +So while I wish I had more free cash to make gains on the side by my right predictions on other stocks, what I have been doing is putting every free dollar I have into GME continuously. Because I believe I'm also right on this one, it's only being obscured by manipulation. + +I think the Lightning Warrior on Twitter said it right, we've already won, they just don't want to pay us. I believe the whole pressure down since the November peak was a last lifeline for the shorts given by the SEC, etc. "Let us try one last time to shake people out." + +But when we went sub 100, they hit limit buys instead of stop losses. They haven't found any stop losses since the March flash crash I think. This tells you all about this movement you need to know. Reverse UNO on the WeBull CEO, we DO walk the talk. + +So I expect that we'll see explosive price movement upwards going forward. Maybe end of Jan, maybe end of Feb, maybe mid March, or all 3 like last year. Will it be MOASS already? Who knows. + +But I think after they tried and failed to shake us out on low price, they will at some point have to try and shake out by higher prices. To a daytrader going from 100 to 250 might be appealing, but I know that for none of us that's even worth considering. + +So they will have to negotiate by going higher. Anybody selling for 300? 350? 450? 1000? Etc. And I think they will find also there we walk the talk. They won't find many sellers at all. Institutions will probably sell out again, but it won't be enough. + +One thing that has helped the GME price suppression is the market going down because it made their price pressure with puts easier. GMEs negative beta has largely been misunderstood, as it mainly stemmed from the January sneeze, where GME indeed became that black hole sucking in liquidations of other positions. Interesting that just on Friday we saw GME green in a sea of red. On a Friday. Just like 1 year ago. + +I expect the market to drop further until the FED flipflops. Crypto is already having a bad breakdown this weekend. So we'll have to see how much GME is already switching into negative beta black swan mode again vs still getting dragged by the broader market. And how much of the crypto got liquidated to pay for our next run-up, also like usual. + +So to summarize, I have been right on so many other stocks, the market, and crypto, so I don't see why of all things the one I have studied best, GME, I should be wrong. I'm not going anywhere until we all get our well deserved tendies and we see true change in this fraudulent system. + +Lezzzzzzzzzzz fuckiiiiiiiiiin goooooooooooooooooooooooooo apes 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +The company I work for is doing 401k match and it seems off tp me. "For every $1 you contribute to your 401k, they will match 20%, up to a maximum of $500 per calendar year." + +When I worked for UPS there was no "up to a maximum" and they matched 20% back in the day. + +They give an example - "If you make $50,000, contribute 5% they match up to the 500, with an annual growth of 6% and you start all of this at 30 and retire at 65 you will have $345,000" + +and or with the same scenario except it's a 10% contribution you'll have $632,000. + +This doesn't seem that great to me... or is it? + +Edit 1: I get it, the 401k at this company sucks, I now know guys. I'm relatively new in the IT industry and just started this job in January of this year, so I won't be leaving anytime soon, pay is decent. + +Edit 2: Guys I understand it sucks balls! +Basically when a company is doing poorly, and bankruptcy might be not too far around the corner, they will seek out a consulting firm to come in and do the job. BCG is just a big guy and a well known name, so they’re trusted. + +Here’s where it turns dark: + +Hedge funds seem to be pretty buddy buddy with BCG. In a sense you could say: a poor dying company looking for a lifeline turns to BCG. BCG then tells their hedge fund buddies WHICH companies are guaranteed to bankrupt, and with just a little push from BCG it’s absolutely a for sure deal. + +Companies aren’t selected by BCG. No one comes to them when business is good. + +These people are actual fucking monsters. +If you're one of those Blockfolio junkies, and check your shit every six seconds, I can tell you right now that 2018 is going to be a really rough year for you. + +The whales are manipulating the market as much as they possibly can right now, because they know regulations are just around the corner, so you can expect them to bull-trap it along until they come. + +With that being said, the best thing you can do, is to find the coins and tokens you love, invest what you can in them, which means no margin trading, and just leave them the fuck alone! + +Day trading is a losing mans game, especially in this market with no regulations, shitty exchanges, and $100 transfer and commission fees. + +Oh, and one last thing, for the love of Satoshi, please do not take any advice from the paid shills on the front page of this sub-Reddit. +Living rent free with no expenses other than fuel/maintenance for my car. Looking to pay off my loan ASAP by dumping my savings in now and then hopefully pay it off in full by the end of the year. + +Asking if I'm making the right decision or if I'm better off investing my money elsewhere and paying minimal repayments. + +Expected salary is around £45,000 when I'm chartered (6/7 years) peaking around £60,000. (15+ years) + +Appreciate the help! +яєтαя∂ѕ, тнιѕ ιѕ ησт α ƒυ¢кιηg נσкє! αℓℓ тнє α¢тινє мσ∂ѕ αяє кι¢кє∂ συт! ѕ¢υмвαg נαятєк нαѕ яєgαιηє∂ ρσωєя σƒ тнє ѕυв. gσ ¢нє¢к ƒσя уσυяѕєℓƒ ση я/ωαℓℓѕтяєєтвєтѕтєѕт ωнєяє тнє яєαℓ мσ∂ѕ αяє. тнє ѕтσяу тнєу ρσѕтє∂ αвσυт тнє ∂яαмα вєтωєєη тнє мσ∂ѕ ιѕ ƒαкє. тнєу ∂ι∂ тнιѕ вєƒσяє! ƒυ¢кιηg υρνσтє σя αωαя∂ тнιѕ ѕσ σтнєяѕ ¢αη ѕєє ιт! + +αη∂ ρℓєαѕє, ωє ηєє∂ αℓℓ σƒ уσυ тσ яαιѕє уσυя νσι¢є, мєѕѕαgє σя ємαιℓ яє∂∂ιт α∂мιηѕ! ιƒ ωє αℓℓ мєѕѕαgє тнєм тнєу ωιℓℓ єνєηтυαℓℓу ѕєє ιт. + +EDIT: + +вєƒσяє уσυ яєтαя∂ѕ тαℓк αвσυт тнє ƒσηт; ιт'ѕ тнє σηℓу ωαу тσ вуραѕѕ αυтσмσ∂ ƒιℓтєя! + +It’s gone private +From AFR 27/08/2020 + +[AFR link](https://www.afr.com/property/residential/melbourne-prices-to-fall-by-15pc-anz-20200826-p55pdm) + +Share + +Melbourne house prices are forecast to fall by 15 per cent, while Sydney prices could drop by 13 per cent from peak to trough before bottoming out in the second half of 2021, as the pandemic and related shutdowns weigh on confidence, ANZ Bank says. + +At a national level, the bank has maintained its forecast for prices to fall by 10 per cent from peak to trough. But it now tips smaller house price drops in Hobart, Brisbane, Adelaide, Perth and Canberra. + + + +Melbourne house prices will take a big hit, ANZ Bank predicts, but price falls elsewhere will be less than had been expected.  Tash Sorensen + +Darwin house prices are set to fall by 9 per cent, Hobart by 8 per cent, and Brisbane by 6 per cent. + +ANZ said Canberra, Adelaide and Perth will outperform the bigger capitals with a smaller price drop expected at 2 per cent, 3 per cent and 4 per cent respectively. + +In May, the bank predicted house prices in Sydney, Melbourne and Hobart to fall by 13 per cent over the same period. Brisbane and Darwin prices were expected to fall by 7 per cent, Adelaide by 6 per cent and Canberra by 5 per cent. + +ANZ senior economist Felicity Emmett said the overall decline in house prices over the past three months has been slightly more modest than expected. However, the tougher lockdown in Melbourne would hit the city's housing market harder. + +"Household incomes and jobs had suffered in Melbourne and the corresponding blow to confidence mean people are too uncertain to make that commitment to buy," Ms Emmett said. + +"I think the labour market and housing market will take longer to recover in in Victoria." + +Ms Emmett said the government support payments to households, superannuation withdrawals and deferred mortgage repayments were all supporting the housing market. + +"We anticipate prices will bottom out in the second half of 2021 as the labour market improves, but the recovery is likely to be relatively gradual, given that we expect unemployment to stay above 8 per cent until end-2021," she said. + +Ms Emmett said falling wage income, heightened uncertainty, and the drop in population growth due to the border closures will depress the market in the next year or so. + +"The deterioration in household income will be the biggest driver of weakness, but elevated uncertainty, much lower population growth and weak investor appetite given the slump in the rental market will all weigh on house prices," she said. + +"While the deferral of home loan repayments and the likely move to more medium-term forbearance measures have (and will) help to prevent forced sales, lower demand and higher uncertainty will drive prices lower in the next year or so." +We have missed out recently on a few rental properties that we applied for and the agents simply are saying that there are lots of applications and the landlord decided to go with someone else. + +We are a couple both work full time with stable jobs and above-average income, no pets and no kids. When I call the agents they tell me there is no red flag on our application just that there is lots of demand. However, regularly I see hardly anyone else at the inspections I go to so something doesn't add up. + +Landlords - do you find that people regularly bid higher than the advertised rent? So far we have just put in applications for the rent as advertised. +I’m talking your plastic pineapples stuffed in a shoebox somewhere. + +I never keep any physical cash on me and have been thinking lately that might be an issue one day. Obviously the cash isn’t working for you while it’s in your wallet but do you guys bother keeping some around for emergencies? + +Note flagging security concerns and if you’re answering you might want make sure you’re not identifiable. +I'll have to go with XRP. + +They actually believe that all the banks will start to use Xrp, because "cheap borderless transactions", which in turn will obviously moon the price since literally every piece of fiat that bank transacts with will be converted to xrp. It's obvious, do your research lol + +Edit: this is not a hate post, grow up. Just curious + +Edit 2: once everyone realizes the importance of fungibility and privacy, wownero will flip doge. Yeah i'm deluded af + +Edit 3: ada seems to be the most common answer, along with btc maxis, dog and "safe" coins 😁 +Last week my father in law died. A year before he died, he passed power of attorney to my wife. They were very close and my wife lived with her parents for 34 years (31 excluding university years). She visited them everyday and we own a house down the road, she's clearly a bit of a summer child but I've never minded this as I respect people who are close to their family. + +The reason I say all this is because it is very important to my wife to try and save the home she grew up in. My MIL is also desperate to still be able to visit her home and it not be sold. + +The reason it has to be saved is because MIL went in to long term care for combined vascular dementia and alzheimers and is immobile and doubly incontinent. Her care home fees are £5200 a month. On top of this, FIL took an equity release out for reasons I won't bore you with but it was very unnecessary. This is now built up to £145k. + +Now the good news is that my father in law has £170k in liquid assets after funeral expenses that will now pass to my mother in law. The bad news is he had an agreement with the equity release company that his house should be sold to recoup the debt in the event of his death. + +We could use his liquid assets to clear this debt but then with £25k left it would be 5 months before the house has to be sold anyway. + +I had an idea this week that I wanted to ask about the feasibility of. + +My thoughts were that my wife and I could sell our home. We would then have £120k and could move into her parents house. We also have savings of our own which we already have ringfenced for a baby we have coming soon. We currently have a fixed rate mortgage that we pay £1600 a month on. It ends in June. And if things truly reach the 6% prediction then £2600 a month is what we'd switch to in June. + +If we moved into my wife's parents house and sd up. We could add a portion of our £120k, perhaps £100k of it? Into her care home fees pot as a gift. Then contribute £1500 a month to her care home fees. Combine that with £1700 she could contribute due to her pension and the proportion she gets off deceased FIL and we're looking at a £2000 deficit each month. + +So basically there would be a £125k pot losing £24k a year. Let's say that lasts for 4 years? Then we would have to accept the house will be lost and put it on the market. + +MIL is 76 and not in great health, her parents followed the same trajectory as her and were gone by 80. But life has a funny way of fucking you in the ass. + +So let's say she reaches 80, if we sold the house in her name and then regifted ourselves the £100k with power of attorney. And left MIL £550k (house currently worth £650k) to pay her bills, presumably this lasts until her death as would be 8 years of payment. But if she lives past 88, I'm assuming the government wouldn't be looking for a gift made 8 years ago? + +I'm going to preface this statement by saying I'm known among my friends as being a bit financially naive. But even they have said they're not sure what to do on this one. + +But I feel like this could work? It gets my wife and I out of the fuckery of the interest rate crisis, saves her and MIL family home from being sold off immediately. And if it goes tits up and she defies all predictions and lives, we can at least walk away personally not worse off than we were. + +I also feel like as power of attorney we are acting in MILs best interests because we're not taking any money from her. FIL was a good man and both my wife and I miss him very much. He would want us to try to save his home and garden he loved so much. And I think my wife and I could financially benefit from this too. + +I am prepared to accept I'm being a fool and just let the house go. But I promised my wife I'd try. + +It is not an option for us to port our mortgage as their house is worth a bit more than ours. + +Also would using wife's power of attorney to add her to the deeds be useful in anyway? + +Thank you very much in advance. + +Edit: Something I may have forgotten to mention is that if her liquid assets were used to pay off the equity release company. She'd only have 25k left, which would be gone in about 5-7 months. At which point as far as I can see it, the government would force the sale of her home to pay her continuing care home bills. + +Edit: Thanks everyone for your insight and empathy in the matter. I'm glad I made this post. I'm meeting with the solicitors today and financial advisor. I think the decision will be to let the house go and purchase an annuity for MIL. We have a nice house we've done up. My wife is due to have a baby in a week and emotionally devastated, we both are over FIL. And though his wishes would have been for us to save the house. Unfortunately he hasn't left us in a Good legal position to do so and he wouldn't want us stressing ourselves out over it. +My bank said they can offer me a loan against my investments at just 0.75% (no other fees associated with it). + +If I am living on a drawdown level of say ~3% of my investments, would it make more sense to just take the money out as a loan, as this is then tax free money vs if I sold some investments, and my investments should go up more than this 0.75%, so (in theory) it's free money as my investments should grow more than the interest charge. And in this situation 3% would be 6 figures, so the tax savings on this would be sizable? + +The downsides to this that I can see is risk, if there is fall in the markets I could get margin called, but as long as I keep a very low gearing (less than 40%) I "should" be fine (the market would have to fall 50% for them to ask me to put more money in). + +Also risk of interest rates rising, but, I don't think we are going to jump from 0.1% to 3% in less than a year at all, so if the interest rates do start creeping up I can always start to pay down any loan balances. + +Anything else I have missed? What would you do?? +If we look at the S&P500 graph, we see that if we were to put our money in this index fund in roughly 1999-2000, we would lose money and get our original money back only in 2007-2008 after a large fall (and if we take into the account inflation, that's technically still less money), then it falls again and it gets to the original value of 1999-2000 in 2012 (again, not taking inflation into account). + +So, logically, if we were to invest in S&P500 in 1999 and not touch the money until 2012, if we take inflation into consideration, we have a negative return up until 2012. That's a negative return in mid-long term (13 years) for a somewhat unrisky (especially mid-long term) investment? + +Yet every book/article on this topic mentions an average of \~8% yearly average return of S&P500 and how you can't possibly lose money long term (which according to that graph, you would have for 13 years, 1999-2012). + +!!! Please keep in mind I'm not saying S&P500 is trash, people way smarter than me obviously say it's not. I'm just looking at a graph and I'm tring to understand it. I'm new at this stuff and I want to get better !!! + +[https://i.imgur.com/SNNfnK3.png](https://i.imgur.com/SNNfnK3.png) \- the said graph + +What am I missing? + + +EDIT: More and more I read your guys input it started to make sense. Honestly I was expecting a negative feedback because I obviously don't know much about investments yet, let alone S&P500, and also one could say I'm trying to jump to conclusions and negate what every financial guru or literally any guy here would acknowledge about investments. + +This is truly an awesome community :) +Long time lurker, relatively new to investing and looking for financial advice. + +**Edit: My research tells me corporate bonds are safe? Is this true? Opinions?** + +I'm 40 years old and I would like to retire in roughly 25 years with my wife. I have two kids aged 8 and 10 and I first tried investing with a portfolio on my own, however that blew up in my face in 2008. + +Since then I've kept my money in the bank, however I'd rather it not just sit there. I know little about how to invest in bonds, corporate bonds or any fixed income securities. I'm willing to take some chances and I want my portfolio to be growth-based, which is why I'm really considering bonds. Roughly 10k of that 400k is in mutual funds right now. I'm looking to receive roughly an 8% annual return. + +What would you guys suggest as far as portfolio diversification? What kind of bonds should I be looking into? How much of it should be based on stocks/what kind? + +Thanks! + +**Edit: I should add that I'm going to see an advisor on Monday, I was just looking for opinions.** + +**Edit: Thank you to everybody, I have reading to do!** +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Thanks to everyone who replied to my post the other day! + +I've taken some time to read through and compiled a summary of what I think are the most helpful points, and also added some of my own thoughts. + +Hope this is useful! + +**1. OUTLINE YOUR SAVINGS GOALS** + +This is probably the #1 thing to help me - particularly when it comes to curbing impulse spending. I remind myself what I'm saving for and spending becomes less tempting. Monzo is a highly recommended budget-friendly banking app I personally use. You can create savings pots, add your own pictures and see your % saved. When I realised just how much I wanted to save for it helped me stop spending so much. What do you want to save for in future..? + +* Emergency fund? +* House deposit? +* House furnishings money? +* Travel destinations? +* Games console? Etc. + +**2. KEEP A MONEY DIARY FOR A MONTH** + +This will help you become more conscious of your spending habits and will provide valuable insights into ways to save. Keep a note on your phone or carry a notepad. Alternatively, automate it by using an app like Monzo and use your card for the entire month. One person added £1,200 to their usual monthly savings with this method! + +**3. ANALYSE HABITUAL SPENDING** + +Keeping a money diary will make analysing your habitual spending habits easier. Look at your frequent payments and consider what you can eliminate/reduce. + +Common examples include: + +* Reducing transport costs by walking (when possible and safe). Not only will you save money, it's super healthy too! Could you even swap your gym subscription for a regular walking habit? Perhaps invest in a FitBit to track progress and keep motivated? +* Relating to the above - getting a bike +* Cutting down on alcohol/meat/eating out/smoking/expensive hobbies +* Swapping takeaway coffee for a cafetiere/Aeropress/coffee machine. I've recently got a cafetiere and you can even make milk froth/cappuccinos with them! Check out YouTube tutorials. +* Using the public library instead of buying books. +* Researching/trying more affordable brands for your frequent purchases. +* Buying more things second hand. +* Learning how to repair or upcycle your things. +* Join/better use loyalty schemes of places you regularly shop. Someone knew someone who does all their Christmas food and drink shopping with Sainsbury's Nectar points each year! +* Doing your own personal grooming - cutting your own hair, doing your eyebrows/nails/facials. Personally I bought the eyebrow dye my salon used from eBay and have saved a ton doing it myself. +* Finding a hairdressing/beauty training places who give you these things for free. + +**4. PROPERLY ASSESS LARGE PURCHASES** + +There's a lot of talk about daily habitual spending, but it's also worth mentioning that you can save significant amounts properly assessing large purchases. Your choice of house, car, holiday, appliance etc. has a big impact on your finances. + +**5. REDUCE FOOD COSTS** + +This is a super popular savings method! Ways to cut costs: + +* Always have convenience food in the fridge to reduce takeaway spending. +* Buy in bulk. +* Meal plan. You can keep a whiteboard on the fridge with your plan and food expiry dates to help cut back on food waste. +* If you're not into online food shopping, go to the supermarkets just before they close to take advantage of the discounts. +* Swap out expensive food for cheaper ones. For example, if you're into snack bars, just think how much could you save each year just by swapping to having a banana every day (a lot!). +* Check out cheap and easy recipes on [BBC GoodFood](https://www.google.com/amp/s/www.bbcgoodfood.com/recipes/collection/budget-recipes/amp), [BudgetBytes](https://www.budgetbytes.com/) and [JackMonroe](https://cookingonabootstrap.com/) etc. Or get a budget cooking book out from your local library. + +**6. RENEGOTIATE BILLS** + +Call your providers, tell them you need to save money and ask if they can offer you a better deal. You could save money on your mortgage/electricity/gas/phone/internet/sky/insurance. + +**7. REASSESS MONTHLY SUBSCRIPTIONS** + +For example, do you really need Amazon Prime? Could you convert to a family subscription with friends/family to save money? Could you do home fitness/walking instead of the gym? + +**8. LIMIT IMPULSE SPENDING** + +* When you see something you want, think about your savings goals. Do you *really* want/need it? +* Is it worth the money in terms of the hours/days you've worked to afford it? +* Take a picture of it or add it to a Wish List. If you still want it a week later, get it. +* When it comes to things like clothes, have a rule that if it isn't a HELL YES, it's a no. + +**9. CREATE A BUDGET AND PUT SAVINGS AWAY ON PAY DAY** + +Much better than doing it at the end of the month when it could've helped you curb your spending knowing you're running out of money for savings. + +**10. OPTIMISE YOUR MEDIA DIET** + +Increase your financial skills by consuming relevant media, e.g: + +* /r/personalfinance +* /r/savingmoney +* /r/frugal +* /r/firsttimehomebuyer +* /r/povertyfinance +* /r/financialplanning +* /r/leanfire + +**11. MOVE COUNTRY** + +Work online? House prices and value for money in the UK is shit. You can save a substantial amount by moving elsewhere for a while. I pay £250 for a nice one bedroom flat in a holiday destination in Turkey. Food is delicious and cheap, and it's still warm here! Bulgaria, Georgia, Serbia, Macedonia, Cyprus, Albania, South America and South East Asia all have low cost of living. Obviously travel is limited right now but this is more of an option for future. + +**12. CREATE A SAVINGS ACTION PLAN** + +Make change happen by sitting down with a notepad, reading this and putting together your personal action plan. + +Thanks again for all your responses! I'll be doing my own action plan soon. +People who are not into GME or this sub skip all the great DD that comes from here even though everyone should read about the manipulation in the whole market, the huge amount of RRP, how the crisis of 2008 never ended. + + +These are crucial information for everyone in this world. + + +At the risk of getting called out for 'forumsliding' and getting called a shill i will make a suggestion. + + +So maybe we can open a second sub, obviously not to replace superstonk but to upload great DD that is about the financial world and not only about GME to get these posts to the main page from a sub that gets looked at without any bias. + + +Lets say your DD gets upvoted and awarded to oblivion and reaches the main page. Its not getting debunked. +After few days you repost your DD into the new sub, where superstonk pushes it to the main page again so people actually start to read it. + + + +This is no financial advice. +How do you properly detect minimums and maximums on graph? And I'm not talking about every local min and max but just the significant ones that are not caused by noise. +Hi all, + +My apologies if this question comes off as naive, + +For those of you who trade on the close of candles, how do you manage the risks of large, intra-candle moves? + +I find you can have fast declines, with quick rebounds, do you configure your system to automatically rebuy if the trend resume? + +Sorry if this question seems basic, I am just wondering if anyone has taken a different, and far more intuitive and creative approach to this problem. + +Thank you. +So I've built my own quote engine, visualization tools, ordering system and now I'm building technical indicators & trading algos on top of those. + +I can even run my trading tools on Pythonista (iOS app) & sync them between my phone and desktop. It's fucking amazing. I can be out and about and my phone can run my trading engine & I can pull it out of my pocket any time to monitor it. I can even edit it while on the train. + +The great thing about it is that I can point my ordering system at any broker and potentially reduce fees. And since I can reverse engineer other people's quote servers, I can get free quotes for practically any symbol (futures/stocks/bonds/whatever) depending on who doesn't lock down their stuff. + +I really enjoy building all this stuff myself and knowing my trading tools inside and out. I could use Quantopian or PyAlgoTrade but then I wouldn't also be able to build things on my phone in Pythonista. + +Am I wrong in building my own tools? Should I just be using other people's stuff? + +EDIT: I still use Numpy, MatPlotLib & friends. I also use Django for management. Fabric.js & Angular for charts. A lot of my stuff is still in progress but as an autism person I like the world that I inhabit to be of 'my own creation' for my own sanity purposes. + +A backtesting engine isn't that hard to build anyway.. +If I have no intuitions about the stock market beyond known anomalies (mean reversion, momentum, seasonality, high frequency, size premium, value premium, leveraged low risk beats non-leveraged high risk, sentiment), does it make sense to develop my own algos on a site like Quantopian? Aren't there ETFs from major brokers that are designed to capture one of these features of the market that I can buy into instead and skip the time investment of doing it myself? Genuinely would like to hear your opinions. +I am doing manual daytrading and swing trading and started to take this very serious even thou it is still a side job. + +Since I want to get it up a notch, I aquire a Nasdaq TotalView data feed and now the question is what environment one uses. I am a Java dev buy design but can do C# no problem but writing all my data processing code for day trading etc using Dart+Flutter. + +I now ask myself what algortrader use. I understand that there are special hosting platforms providing a good enough environment, data streams and access to different broker APIs and different language options. + +My goal is now to understand the ecosystems you guys are using and if some are just providing their own software directly consuming market data and directly interfacing with a brokers API beside any middle man. + +Any piece of knowledge and advice is highly appreciated! + +PS: I am currently start a reading spree regarding algo trading so I am still highly incompetent and currently just learning how little I really know. +Suppose you're managing a portfolio of human discretionary traders (similar to a fund of funds), what portfolio optimization would you use in this scenario? + +The tricky part here is the *human* component, they might make consistent returns in the first 4 months then emotion gets them. + +Would Equal Weight (1/N) be the best option? And what's the rebalancing strategy? +Hi guys, + +Just wanted to say congratulations for those who followed my DD and others on HITIF a few days ago! We are currently up 51% since I posted [my DD here](https://www.reddit.com/r/pennystocks/comments/lbb8n3/why_i_think_now_is_the_perfect_time_to_buy_hitif/). For anyone who doesn't know what HITIF is, a quick brief: a very undervalued weed company that could be a 10 bagger within months! + +As we saw in the rally on friday. This is just the start of a great climb as High Tide catches up with and surpasses it's competitors. For anyone wondering if you are too late to the party, you are just on time in fact, i plan to buy more on Mondays possible dip after the huge rally today. We could even be seeing High Tide hit 1$ sometime next week, which would mean nasdaq listing!!!! I'll keep you posted :) + +See y'all on the Moon +Hello! I've been interested in the stock market for a while now but I don't really know who to learn of or what to learn of so I'm here to ask if anyone knows any book recommendations? I don't have the most money right now so I can't buy books that are too pricey but anything is appreciated! +Voice in head says "search for [Chewy.com](https://Chewy.com) \+ metaverse". You know, because why not. Surely there have to be clues about what the hell is going on behind the scenes at my company. I am thirsty and want some whiskey, so in the meantime look what I found: + +[https://blog.cryptoflies.com/pet-food-and-supplies-company-chewy-is-set-to-enter-the-metaverse/](https://blog.cryptoflies.com/pet-food-and-supplies-company-chewy-is-set-to-enter-the-metaverse/) + +# Pet Food and Supplies Company Chewy Is Set to Enter the Metaverse + +## Chewy has filed a trademark application to enter the metaverse and the world of NFTs. + +*written by* [*Cryptoflies*](https://blog.cryptoflies.com/author/admin/) *April 28, 2022\*\*📷* + +*Chewy, the American online retailer of pet food and other pet-related products based in Dania Beach, Florida, has filed a trademark application for “CHEWY,” expressing its intention to enter the metaverse and the world of non-fungible tokens (NFTs).* + +*According to the trademark application, the company aims to provide:* + +* *Downloadable* ***computer software*** *that allows users to play video games, earn digital rewards, and create their own avatars;* +* *Interactive characters, avatars, and skins;* +* ***Virtual goods***\*;\* +* ***Online retail store services*** *featuring virtual merchandise;* +* ***Interactive website*** *for online virtual interaction in the metaverse;* +* ***Advertising and marketing*** *in the fields of the metaverse, augmented reality (****AR)****, virtual reality (****VR)****,* ***NFTs***\*, cryptocurrency, and blockchain.\* + +*The news was shared via Twitter by metaverse trademark attorney Michael Kondoudis.* + +&#x200B; + +\*\*\*\* And I don't see ANY crypto or metaverse related job opening positions on their website ...... which means they are either done, using someone else's team to do it, or pulled the plug on the project. Let the tinfoil commence. + +Also if this has been posted, lmk and I can take this down. But I searched and did not find. ❤️ + +Also he posted this Tweet about a month prior, remember?: + +https://preview.redd.it/7wp980uwew4a1.png?width=510&format=png&auto=webp&s=948efa5f3f602c5923f21aa8378ae0a6f243d21d + +BuT HOw dOEs ThIS ApplY To GAmeStOP??? + +Glad you asked. Because it does. You just don't know it yet. + +Edit: added RC Tweet + +Edit2: It was written, [Chewy Vibes](https://www.reddit.com/r/Superstonk/comments/qgyh2u/cohens_recent_tweet_points_to_his_strategy_to/) +So as the tech industry booms away and the bull market for the time being seems to be continuing, what is everyone’s opinion on the resurgence of airline/travel industry for 2021 and when people can travel again? + +Surely the airline industry will pick up again with people flying globally again. Few of the stocks I looked at are; + +UAL - United Airlines Holdings. +Current Price: $48.36 +Price pre-covid: $90+ + +DAL - Delta Airlines +Current Price: $41.74 +Price pre-covid: $55+ + +AC - Air Canada +Current Price: $26.16 +Price pre-covid: ~$50 + +AAL - American Airlines Group +Current Price: $17.05 +Price pre-covid: ~$25 + +LUV - Southwest Airlines Co. +Current Price: $45.88 +Price pre-covid: ~$54 + +SAVE - Spirit Airlines +Current Price: $26.23 +Price pre-covid: ~$38 + +Am I the only person thinking that 2021 into 2022 will be booming for the travel industry? Everyone who has missed out on trips, all the young people who go backpacking to figure out who they want to be, all those that couldn’t see family for over a year, with the whole economy picking back up. + +Now some of you may ask if I’m so bullish on the travel industry and airlines in particular, why did I wait til now to consider them? Particularly the uncertainty regarding covid and how long the solution will take. With the vaccine here, we’re still at least 6 months to a year out until normal is a thing, in my opinion, but some of these stocks still have massive upside, no? + +For example UAL, one of the largest airliners in the world. Currently about half the valuation it was pre-covid, surely there must be a 50% upside in the next 1-2 years? Even if there is a 50% upside it would still only be about 75% of its valuation it was pre-covid. I can definitely see some of these companies returning to permanent levels below where they were before, because of the uncertainty and risk of something like covid happening again. + +Am I crazy or are people also bullish? Any discussion would be appreciated. +I’ve remained bearish on the airlines for the past couple months yet the community seems to have a different perspective. In an attempt to understand why so many remain bullish I decided to take a look at how the airlines recovered following the last crises (9/11). I’ve broken down my analysis in order of the airlines market share at the time the last crises started. I’ve also shown what your return would be if you bought in late 2001 and held until today. + +For context, an investment in the S&P 500 would have netted a return of **223%** + +**1.** American (**-70% ROI**): Despite declaring bankruptcy, investors in American Airlines (Formerly $AMR, now $AAL) would still have a portion of their investment if they held since 2001. It’s highly unlikely investors would have held through the bankruptcy which saw $AMR get delisted and trade as low as 20c a share, but for those that held through the bankruptcy they could have sold for a gain of **100%** in December, 2019. Realistically, for someone who invested in 2001, they would have realized gains no higher than **33%** and likely sold at some point leading up to the bankruptcy. + +2. United (**-100% ROI**): The original $UAL stock was wiped out during United Airlines bankruptcy proceedings. It was re-issued under $UAUA until it reverted to its original ticker $UAL after its merger with Continental airlines. Investors in 2001 would have lost their entire investment if they held without selling. On a positive note, for individuals that invested after the re-issue, they could have realized gains as high as **150%**, assuming perfect market timing. + +3. Delta (**-100% ROI**): Delta Airlines faced the same fate as United, during their bankruptcy proceedings their stock was cancelled leaving investors with nothing. After emerging from bankruptcy they merged with Northwest Airlines and reissued stock under the ticker symbol $DAL. + +4. Northwest (**-100% ROI**): Northwest Airlines also had their stock cancelled during their bankruptcy proceedings. They merged with Delta in 2008. + +5. US Airways: **(-100% ROI**): Another airline that declared chapter 11 bankruptcy and cancelled their shares. US Airways later merged with American Airlines and currently trades under $AAL. + +6. Continental (**0% ROI???**): Historical data for $CAL is hard to come by. From what I can find $CAL was never delisted or cancelled as Continental airlines never declared bankruptcy in the 2000s. They later merged with United where $CAL shareholders received 1.05 shares of $UAL. Based on the fact that $CAL was trading around $20 in late 2001, an investment held until today would have netted about a 0% ROI before dividends. + +7. Southwest (**22% ROI**): We have a winner!! If you invested in the airlines after the terrorist attacks on 9/11 and chose the 7th largest airline as your bread winner you could have realized gains of 22%! Throughout the last 20 years, shareholders could have seen gains as high as **200%** if they sold near the 2018 highs. Bottom line, even with perfect market timing, an investment in an index fund would have outperformed Southwest ($LUV). + +Analyzing all these companies was a lot harder than I imagined. Nonetheless, based on historical similarities between 9/11 and today's COVID-19 it’s clear any investment in the airlines is risky. A long-term investment could very easily result in a 100% loss. It might be worth performing additional technical analysis to determine if a potential swing trade could be profitable, my gut would remain bearish on swing trading but we’ll save that for a later date. + +Tldr; You stand a 57% chance of losing everything based on historical trends. +Bought France 30 Put 5550 options (expire on 18/03) from plus 500 at the start of the month. + +On the 05/03, plus 500 removed France 30 options from their service, my puts were priced at £225. + +I have contacted them multiple times about updating its price since. This was their most recent response: + +*I would like to emphasize that we represent the market as it is. Another thing that can be considered is the matter that as we get closer to the expiry the options with irrelevant strike price get less liquid.* + +*Once the expiry date is reached, all positions are closed on the last available rate on which the option was traded. You are welcome to check the expiry in the Details section of your position.* + +Surely something about this is illegal, they clearly aren't representing the market the way it is. FCE is currently trading at 4700, making each option worth ~£800. + +**In the email plus 500 say they won't pay the difference between the strike and current price, is this allowed?** + +Also, I was told they aren't receiving quotes for these options due to a lack of demand. They are restricting demand by removing them from their platform. + +Please advise me on the best thing to do, don't want to lose out on £2000 here. +I have two account with Merrill Edge, a Roth and a regular cash account. I left WSB in late April to join ThetaGang after getting destroyed by buying puts against this market rally. My only minor issue so far is I need margin to trade any type of spreads, despite them being risk-defined. Whatever, no biggie. + +I've been writing cash secured puts with little to no issues until today--about one or two a week. Today, I tried multiple times to write cash secured puts. Each time I was given an error message of not having enough cash in the account. This, of course, confused me since I can clearly see how much cash I have and I'm obviously choosing strikes that would be covered by that cash. + +I didn't have time until after market close to call and find out why. Cash in non-margin accounts, get put into a money-market account (called ML Deposit) after settles. Merrill's online system apparently doesn't recognize cash in those money-market accounts as "cash equivalent" for purposes of writing puts. The trading specialist that I talked actually said I shouldn't have been able to make the prior trades. They are working to fix the issue, but apparently it might take until the end of 2020 for their online system to recognize cash as cash equivalent. So now, in order to write cash secured puts I will need to go the broker-assisted route over the phone. FML. + +Update: I called again after I read some of the advice below. The official word is to be able to write cash secured put online, I would need to have my funds in a "cash equivalent investment fund." The minimum buy order on these funds is 100k (lol). Basically, I'll either deal with the inconvenience and alter my trading strategy to mostly covered calls with puts only if juicy enough, or leave Merrill/BofA. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Hi guys I recently started selling weeklies on Charles Schwab. I sell and buy to close 300+ contracts a week (account size 500k+). The fees are really eating into my profits, is it better for me to switch to another broker? + +Webull and Robinhood offer free trading but theres gotta be a catch right? Do they screw you on the fills? Hows TastyWorks and ToS compared to Schwab? I know Tasty's fees are a lot less. + +Thanks. +HI guys, unfortunately my csp is now ITM (about a buck deep) and it expires tomorrow. I know the general rule of thumb is rolling a month out @ the same strike, but what about rolling to a lower strike at a longer DTE? Say about 4 -5 months out. Wouldn't that increase the probability of the underlying going beyond the strike, and I'll be able to close out for a profit (\~50%) easier? Thanks! +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Although it is tempting to buy into meme stocks for the chance of huge gains just remember that for every YOLO gain post there’s about 20 losers who lost every penny they had in one trade who didn’t post their losses. By all means buy the occasional lottery ticket to scratch that itch if that’s what you want to do. I’m not your mother so do what ever you want. However I’d still advise you to not get pulled back into that tempting WSB mindset and compound those gains through stocks and theta. It is probably also important to remember the sentence “you have to be retarded to lose money in the stock market but you have to be extra retarded to make fast money in the stock market”-some guy on the internet. Good luck +I have a question about calls, specifically when you buy a stock and sell a call on it right away (buy-write). + +If the stock goes up quite a bit so that the calls are deep in the money, isn't it true that most of the value in the option becomes the delta between the strike price and the current price -- especially when it gets closer to the expiration date of the call? + +In effect, that means that I could sell the stocks earlier and close the option position for close to max profit. That is, given that I don't want to hold the stock position and roll out the call. + +Am I thinking about this correctly? +In a wheel strategy…if your CSP strike gets close to being tested…should you roll the put out a week to a lower strike if you can still collect a credit rather than get assigned? +**EDIT 3: As explained in the comments below, the puts are NOT used for covering FTD's - they're used as a method of shorting.** Here's the comment below from u/blutch14 that clarifies further *"those are used to set up short attacks, as buying a put with high deltas requires the MM to short shares directly into the market as a hedge. deep OTM puts are like 1->50."* + +Going through the live options flow data, it sure does seem strange how many far dated, OTM puts are being bought and sold immediately. I can't tell from the data if they're being exercised or just sold but it makes no sense because the value of the option didn't change much, if any, from the original price. + +I've never seen the premium so high with no variance between calls and puts. They're virtually ALL puts today. + +It sure does seem like someone's buying, exercising, and filling FTD's via puts. Then, in a few days, the market maker will go out and "create" liquidity and then let those fail too. + +Not sure wtf to call this...possible DD, speculation? I chose speculation. + +EDIT 1: Also, please note the time...**this is only in the first 2 hours of trading TODAY!** + +Edit 2: More coming through real-time. The first image is the most recent. + +**EDIT 3: As explained in the comments below, the puts are NOT used for covering FTD's - they're used as a method of shorting.** + +https://preview.redd.it/o9xm0a1y9e891.png?width=1279&format=png&auto=webp&s=68317a6587f329952e517ff3dae63e708b2af227 + +&#x200B; + +[Each grouping shows the buy\/sell coming through and the premium for each option](https://preview.redd.it/n7ouc1vb7e891.png?width=1627&format=png&auto=webp&s=2961e2c61bed506bdc3a4ae53e5eea2211285d7f) + +&#x200B; + +https://preview.redd.it/pykmv6jh7e891.png?width=1625&format=png&auto=webp&s=cc288bd7892a64c03521576a2c45fd26c9e5bd2e + +&#x200B; + +https://preview.redd.it/5fkm9zak7e891.png?width=1627&format=png&auto=webp&s=c5bdb8125dc7f21e4bf4b1a178e760e0060befb0 +[Full Article](https://www.msn.com/en-us/money/markets/top-federal-reserve-officials-say-they-misread-inflation-and-now-plan-to-correct-the-course/ar-AA101rIz?li=BBnbfcL) + + Treasury Secretary Janet Yellen also acknowledged the misdiagnosis coming from her own department, and that of current Fed Chair Jerome Powell. + +"Both of us could have probably used a better word than 'transitory,'" she told senators in June when asked about their remarks about inflation last year and their slow response to price pressures. + +Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. + + It's the Fed's task to tame inflation that is running at a pace not seen in four decades. To do so, it has been hiking interest rates at a fast pace. + +Reining in inflation may take more aggressive monetary policy moves than the central bank has embraced in recent years, according to economists like Judd Cramer. His research indicates that the Fed may need to hike rates to levels not seen in decades to force rising prices into retreat. + +"If inflation is going to be high and remain higher, that means that the neutral rate in the economy is also going to be higher because the price of goods are going up," he said to CNBC. + +A June survey of inflation expectations from the New York Federal Reserve suggests the price hikes aren't over yet. The group predicts that by June 2023, prices will have risen approximately 6.8% from their current levels. + +Maintaining stable prices and maximizing employment are the Fed's top responsibilities. Jobs appear plentiful in the U.S., which may give the central bank cover to raise interest rates at an aggressive pace through 2023. + +The Federal Reserve was contacted for comment but is in a media blackout before the expected rate announcement later today. +So yea, I'm done with their 5 transaction bullshit. Bpay doesn't count and I use my Amex for all EFTPOS transactions. + +Seems like mebank has an interesting offer... Would like to know your experience with it and if any of you have got one of those referall codes, I'm happy to use it and make you some money... +We'll be downsizing soon and my wife would like to try high rise living - getting an apartment in a inner city centre. I'm a bit wary because of recent horror stories, eg. Mascot Towers and Opal Tower as well as various consumer reports of dodgy issues such waterleaks, etc. + +The question is how to mitigate the risks? Either buy outright or rent out our property and rent in a high rise apartment. Issues wear and tear on our property, tax, vagaries of renting, eg kicked out, rent increases, etc +So a bit of background, I've been working as a casual for 15 months at my current job, they've offered me full time which I've accepted (haven't signed any contracts yet though), but shortly after I accepted I got a job offer that pays significantly more that I'm definitely going to take. So my question is how do I go about telling my current employer so as to not burn any bridges. +[https://www.reuters.com/markets/deals/twitters-former-security-head-alleges-company-misled-regulators-about-security-2022-08-23/](https://www.reuters.com/markets/deals/twitters-former-security-head-alleges-company-misled-regulators-about-security-2022-08-23/) + + Aug 23 (Reuters) - Twitter Inc [**(TWTR.N)**](https://www.reuters.com/companies/TWTR.N) misled federal regulators about its defenses against hackers and spam accounts, CNN and the Washington Post reported on Tuesday, citing whistleblower disclosures by the social media company's former security chief Peiter Zatko. + +In an 84-page complaint, Zatko, a famed hacker more widely known as "Mudge", alleged Twitter falsely claimed it had a solid security plan and said he had warned colleagues that half the company's servers were running out-of-date and vulnerable software, according to the reports. + + The whistleblower filing comes as the social media company is embroiled in a legal battle with Tesla Inc [**(TSLA.O)**](https://www.reuters.com/companies/TSLA.O) Chief Executive Elon Musk after the world's richest person said in July he was ending an agreement to buy the company in a $44 billion deal alleging it had violated the deal contract. + +Musk has accused Twitter of hiding information about how it calculates the percentage of bots on the service. A trial is scheduled for Oct. 17. +So you are a huge financial institution that is about to be caught with your pants down in what (allegedly is) the biggest financial scandal in human history. The people that caught you cannot be bought or influenced, which is frankly the only thing you are good at. What do you do? + +The goal over the last few weeks have been as followed: + +- Convert savvy investors into a unintelligent internet group that follows someone religiously + +- Use their messages and connect them to groups people are already weary of ( Remember that anonymous mask?) + +- Have that said group push their message (right info , wrong vehicle) "FINALLY, Someone is hearing us!" + +- Spin this in court to show that these individuals were working as a cohort (instead of the truth; which is a lot of people found your dirty laundry) + +I welcome the downvotes. + +Ryan Cohen and I have no personal relationship. If Ryan Cohen was bad at his job he should be fired, he however, has done very well up to date 😊. + +Im a happy investor awaiting the NFT marketplace. + +Hodl. + +Buy if you can. + +Shorts have to close. + +Everything else is irrelevant. + + +EDIT: + +All this BBB Ystuff is another great example. You can invest in another company or you could not. What does that have to do with RC or GME? 😂 +https://www.madfientist.com/best-and-worst-about-fi + +I have long appreciated that the Madfientist has been willing to talk about the emotional and psychological aspects of FI, before and after achieving FIRE. In this article this sentence stood out to me especially strongly: + +"If you’re unhappy when you’re working and you blame your job for all your problems, you may struggle after FI if you’re still unhappy." + +Many people recognize that FIRE is not the answer to all of their problems, and that by itself FIRE might not make the happy. But I think a lot of people see work as the main barrier to happiness and FIRE as a panacea. While that is true for some people, I think Madfientist does a good job of pointing out that you might not like what you find when you do achieve FIRE. + +Do you think that Madfientist's concerns are relevant to your FIRE journey? +My mother found paper stock in her pile of papers in a safe. One is from Nesco Mining Corp (1000 shares) and I think it’s now the same company that is ticket NSCO. The other is for The Goldfield Corporation (400 shares) which might be ticker GV. + +How does even go about cashing them in? They are issued in 1978 and 1980 respectively so I don’t even know if they are still valid. Anything I have ever done is digital trading. + +Should I post pictures of them? +Check out my profile for stock Analysis by request. + +Stock market intraday patterns – all times are in Eastern Standard Time! + +When day trading the US stock market you may notice certain patterns, based on the time of day, that occur more often than not. These patterns, or tendencies, happen often enough for professional day traders to base their trading around them. + +9:30am: The stock market opens, and there is an initial push in one direction. Highly volatile! + +9:45am: The initial push often sees a significant reversal or pullback. This is often just a short-term shift, and then the original trending direction re-asserts itself. + +10:00am: If the trend that began at 9:30am is still happening, it will often be challenged around this time. This tends to be another time where there is a significant reversal or pullback. + +11:15am-11:30am: The market is heading into lunch hour, and London is getting ready to close. This is when volatility will typically die out for a few hours, but often the daily high or low will be tested around this time. European traders will usually close out positions or accumulate a position before they finish for the day. Whether the highs or lows are tested or not, the markets tend to ‘drift’ for the next hour or more. + +11:45am-1:30pm: This is lunch time in New York, plus a bit of a time buffer. Usually, this is the quietest time of the day, and often, day traders like to avoid it. + +1:30pm-2:00pm: If the lunch hour was calm, then expect a breakout of the range established during lunch hour. Often, the market will try to move in the direction it was trading in before the lunch hour doldrums set in. + +2:00pm-2:45pm: The close is getting closer, and many traders are trading with the trend thinking it will continue into close. That may happen, but expect some sharp reversals around this time, because on the flip side, man traders are quicker to take profits or move their trailing stop losses closer to the current price. + +\--- + +3:00pm-3:30pm: These are big “Shake-out” points, in that they will force many traders out of their positions. If a reversal of the prior trend occurs around this time, then the price is likely to move very strongly in the opposite direction. Even if the prior trend does sustain itself through these periods, expect some quick and sizable counter-trend moves. + +As a day trader, its best to be nimble and not get tied into one position or direction. Many traders only trade the first hour and the last hour of every day, as these times are the most volatile. + +3:30pm-4:00pm: The market closes at 4pm. After that, the liquidity dries up in nearly all stocks and ETFs, except for the very active ones. It’s common to close all positions a minute or more before the closing bell, unless you have orders placed to close your position on a closing auction or “cross”. + +Trade Entry Checklist - Things to Consider before entering a trade + +1. Portfolio fit – Make sure you diversify your portfolio. If you have 9 open bullish positions, consider a bearish stance elsewhere to balance your portfolio and reduce risk. +2. Liquidity Check – If the stock you are considering has enough stocks traded per day. This can easily be found on Yahoo! Finance – look for “Average Volume.” Look for contract strikes that have at least 1,000 contracts of open interest – this minimizes bid/ask spread and ensures market liquidity so that you can actually enter/exit trades easily. +3. IV Percentile – Example: AAPL has IV of 45%, but IV percentile of 85%. This means that 85% of the time over the last year, volatility will be lower than it is right now as it’s current actual IV (45%). Likewise, if GOOG has an IV of 45% but an IV rank of 25%, then only 25% of the time over the last year IV was lower than it’s current value (45%). This means we have a 75% chance that IV will increase on average, meaning it’s current volatility is low – and we want to buy into that. If IV is between 70%-100% you will need to actively monitor that trade, higher risk. +4. Options strategy - Pretty straight forward- If IV is high and the price of the underlying is also high, we can eliminate bullish strategies and focus on bearish, and vice versa. +5. Strike Price – First you need to determine if you want an in the money (ITM) or out of the money (OTM). An ITM option has a greater sensitivity – delta – to the price of the underlying stock. So if the stock price increases by a given amount, the ITM call would gain more than an ATM or OTM call. This also means it would decline more than others if the price falls. ITM calls are more expensive as well – higher intrinsic value. + +Next consideration is risk/reward. An ITM option carrier less risk, but costs more. If you only want to stake a small amount of capital in a trade, an OTM position may be your best choice. OTM positions are riskier, cheaper, and potentially much more profitable if the stock surges past your strike price. + +6. Expiration – Date similarly to strike price, the further out a contracts expiration is, the higher the premium because time is on your side. There is a higher chance of the stock meeting your OTM target price given a year to do so, compared to a week. This is called Theta – a quantification of how much value is lost due to the passing of time. Theta also grows exponentially as you near the expiration date – your $190 strike call will be worth very little if the call expires tomorrow and the stock is at $180 because the probability of the stock reaching $190 is low. + +7. Position size – This is important – BIG TRADING POSITIONS WILL EXPONENTIALLY INCREASE YOUR RISK OF BLOWING UP YOUR ACCOUNT. We suggest you place trades utilizing only 1-5% of your total account value, with an emphasis on the lower end. Play it safe, round down. It’s much easier to recover from a -5% loss than -80%. + +8. Future moves – Think beyond what’s going on with a stock than just in the current day – unless youre scalping. Is there an earnings report coming up? Can I roll this into the next month if I need to? Is there an upcoming dividend payout? Take the time to plan your positions and don’t rush your entry – You want to ensure the best possibility of success. I’d take $500 profit with a 90% success rate over $750 profit with a 50% success rate any day. You want to build consistency, and plan your positions before you take them. + +This is a write-up i did today to assist beginners AND experienced traders with understanding everything that needs to be understood in the markets. Enjoy! +I’ve already read two threads on here about “what to do if you win the lottery”, but I have more questions. + +I won a large sum a few months ago. I feel lucky and relieved, but really not that much different. I wasn’t too worried about money to begin with, so I’m not out of my mind happy or anything. I’m 30 years old. No wife or kids. Only my brothers know about the money. One has suggested I post here for advice given my situation and said that it could help me think through my options. + +After I paid off all debts (credit cards, car, student loans, etc.), budget $8k for a vacation of a lifetime for me and my brother, and put $50k in an FDIC insured savings account for an emergency fund, another $50k in a tax-deferred IRA (I’m self-employed so apparently that’s my yearly limit from what I’ve read), I’m left with about **$750,000**. Right now, it’s all sitting in a savings account at the bank earning essentially nothing because I’m too scared to do anything else with it. + +My goal of the money: I’m not planning to quit my day job (self-employed and about $60k a year), my goal with the money is to invest it and let it grow. In 5 years when I settle down, I’ll want to buy a house, and in 20 years I’ll want to retire. So, basically house + retirement. + +I know this may be weird and irrational, but I refuse to hire any financial advisor who will take a percentage of my wealth just to manage it. I view them as scam artists. + +My brother is telling me to put all of it all into a Vanguard mutual fund and forget about it. But the market is pretty close to an all time high and I’m terrified of putting it all in just to watch the market crash. Isn’t the age old adage “buy low, sell high” – and if so why would I buy high on purpose? + +My plan right now is for it to just sit in the savings account until the stock market crashes, and then to put it all in (perhaps vanguard mutual fund like my brother says), but the rational side of my brain is telling me that that is really stupid and the stock market may never drop and I may just miss out on years of gains. + +What are my other options? Are there other investments I should consider that can get me more than a lame 1% CD, but not be as volatile as the stock market? I just want to make a safe 3-5%... I’m not looking to get greedy and invest with a Madoff or anything. But I’m so scared of losing all this life-changing money that could pay for a retirement one day. + +Am I completely nuts for not wanting to hire a financial advisor or put all of my money in the stock market when it’s essentially at an all time high? Are my worries rational and common? What are my best options? + +Sorry if this was rambling. I’m willing to answer any questions anyone has. + +Location: San Diego + +(p.s., I know the IRA is investing in the market, but it’s got special pre-tax money, so I feel differently about it). + +edit: please stop PMing me and asking for money or my secret for winning the lottery. +Also, verification was sent to a mod who asked for it. + +I'm west coast but will be moving to Great Lakes area, do you guys drive your nice cars in the winter with salt on the roads? Do you have a "winter car"? I just keep hearing the salt will destroy the undercarriage with rust +I am buying a used LX for offroad use that will live at our second home in GA. I'm having trouble sorting through the registration hurdles associated with it. Does everyone just register there vacation home cars at their address on their ID's even if its 1000's of miles away? It seems like keeping title/registration in GA would be easiest but we don't have GA licenses. + +&#x200B; + +Feel free to remove if deemed not relevant. The google machine failed me searching for an answer to this and it is a uniquely FAT concern. +16 Years ago, I started playing Runescape. I'm sure a lot of you are familiar, but for those that aren't, it's an MMORPG that has a functional, player-based economy that operates under the premise that people will accomplish certain tasks, and in exchange they receive an item/s which correlates to a certain value in GP (gold pieces), or XP (Experience points). Any work done in the game is a blockchain, essentially. Money, even though it is an online game with a fluctuating economy plagued by bots diluting it and rich overlord players manipulating it (just like real life), is stable and real, just digitized. The inability to (at least in the rules) buy your way through the game with IRL money, drives people to continue to manually solve the blockchain for years and earn GP. You can purchase a leveled account, or GP, outside the game but someone still has to solve that blockchain to get it. + +okay, cool, how is this special? It's cool for a game to know that your money has true value and there isn't a reward for paying the company, but not exactly revolutionary. Where things get good is when Jagex, the developers, decided to reward players for holidays with what can be viewed as an NFT by giving them a single, unique item with minimal use in the game other than a keepsake or article of clothing. The players didn't have to do anything crazy for them, and they weren't especially valuable when released, but they were only released once. This created a limited supply, as the items had a limit of one per player, only on one day, ever. + +As time went on, the player base grew, the amount of these unique items always stayed the same or even shrunk due to players leaving the game with them unused in their accounts, them being destroyed, or lost. Because of perceived scarcity, certain tradeable ones such as the partyhat collection quickly rose to be the most valuable items in the game when people realized there would never be any more. They are worth **Billions** of GP (years of hard work in-game) with a IRL value of **thousands of dollars** (yes thousands of dollars for a little pokey hat in RuneScape and yes people buy them. + +So, with the combination of a decent blockchain-style currency, and the issuance of an NFT, those who hold them can hold tremendous power, provided that the NFT is actually worth a shit after some time. Gamestop will be worth something regardless of the power of the dollar (shit currency), the only thing holding it back is time and a reliable, stable form of currency to ensure the yield from the rip. + +cheers +I recently watched a YouTube [video](https://youtu.be/IblkLFkayhw) online that featured the president of the Jordan Belford Company, Arvid Ali discussing Cathie Wood and her investing strategies for the ARK ETF’s over the last several years. + +The basic gist was that Cathie is making the same trades as someone who was just getting into the stock market and was choosing the most well known companies that have been on a good run as of late. An example being Tesla. Ali claims that you could potentially see a greater return by investing in the companies that make up the different ARK ETF’s in your own portfolio and you wouldn’t have to pay the % fees that the ETF charges. + +I was wondering if you all could discuss and provide feedback about the advantages and disadvantages of both perspectives? I am currently invested in ARK ETF’s and hold positions in individual companies but this video has made me reconsider how I feel about investing in ETF’s. + +I am beginning to wonder if I would see greater returns in liquidating my ETF positions and investing in individual companies stocks? + +TLDR: What are the advantages and disadvantages of the ARK ETF’s over just holding positions in individual companies you believe in? + +EDIT: Thank you all for your responses and discussions. It was all very helpful! P.S. Thanks for silver kind stranger. +I saw this video https://www.youtube.com/watch?v=CVEuPmVAb8o +on another sub, and it kind of resonated with me. It's similar to advice I've given some of my younger friends and family. Obviously the title is a little hyperbolic, but in the end he says "take your passion with you", not that you should ever abandon it. + +When I was younger I was pretty passionate about music, and just assumed I would make it big or do something related that I was passionate about. I never thought about having a good career. I picked up one shitty, low paying, labor job after another. Year after year. Enough to survive, but never enough to provide anything more. The effect those environments had on me were pretty damaging psychologically. + +Nowadays I'm 33, and have finally secured a good corporate job that provides me with enough income to live, and the ability to save for the future. Once I learned about compound interest, I immediately looked back on those years I spent earning very little and thought... if only I would have known. Shit, once I learned about paid vacation and paid sick days I was like "JACKPOT". That alone is almost worth it lol. + +I try to pass this lesson on to younger family and friends, letting them know that if they first secure a halfway decent career, they may very well be able to follow their passion full time some day. I let them know they don't need to earn hundreds of thousands of dollars. Just get something that earns you 30-50k in your twenties, and you may very well have started a savings snowball that can allow you to back off of your secure career and focus on what you love to do some day. +I’ve seen a lot of discussion lately about the true cost of raising kids, whether the cost should factor into deciding whether to have kids, and how to reach financial independence while having kids. I wanted to share our costs for the first year of our baby’s life (and pregnancy), because I couldn’t find a lot of actual numbers when I was trying to plan ahead. + +We are a dual income family ~ $200K/yr. (45:55 split), in a very high cost of living area, with an employer subsidized health plan that has no deductible but 10% co-insurance, 8 weeks paid maternity leave and no paid paternity leave. (For full transparency I am projecting baby costs for full year, baby is currently only 4 months, but we’ve already made almost all of the up-front purchases.) + +Costs 1 year + extra pregnancy costs + +* 18,500 **Child care** (home day care for 9 months of care, does not include time of maternity leave) +* 12,697 **Housing** (difference in cost between our 2 bedroom vs. 1 bedroom apartment) +* 12,523 **Lost Wages** (net wages lost because I took an additional 7.5 weeks unpaid maternity leave on top of 8 weeks paid) +* 2,340 **Medical** (co-insurance vaginal birth and 2 day hospital stay = 857; difference in cost between family plan and 2 individual plans = 934; co-insurance, co-pays for a relatively complication free pregnancy = 495; co-insurance, co-pays baby’s first year = 54) +* 823 **Baby stuff** (car seat, crib, stroller, carrier, clothes, playmat etc. everything was bought used or free if possible except car seat and crib) +* 606 **Diapering** (disposable diapers and wipes) +* 312 **Breastfeeding** (nursing bras, extra pump parts, bottles, storage bags, antibiotics/copay mastitis, classes) +* 226 **Maternity Clothes** (work appropriate pants, shorts, tops 50/50 used vs. new) +* 48,027 **Total Costs** + +Credits + +* 1,013 **Extra Exemption** ($4,050 1 exemption at 25% marginal tax rate) +* 600 **Child and Dependent Care Tax Credit** (20% of 3,000 qualifying expenses) +* 0 **Child Tax Credit** (we earn too much, but at most it is $1050) +* 1,613 **Total Credits** + +After looking at our numbers I can see why there are such big differences of opinion on the cost. The two biggest reasons our costs are so high are 1) we both make high salaries making opportunity costs of one person not working very high 2) real estate is so expensive driving up the cost of extra sq. ft. in housing and the cost of child care. If either of these weren’t true costs we could remove our three top most expensive costs changing cost from $48,027 to $4,307 (a magnitude difference!!). + +We were very conscientious about our costs and opting for the most frugal option, but we were heavily constrained by our location. For example, we only got our son into 1 daycare even after being on waitlists for over 1 year because demand is so high in HCOL area. We opted for an apartment with no washer/dryer to save on rent, making cloth diapering not as cost effective. Because real estate is so high, we had previously minimized costs by living in a 500 sq. ft. apartment, but it proved too small with an extra person and family visiting so we upgraded to a 2 bedroom. + +Obviously, our costs were also high because we did not want to sacrifice our HCOL lifestyle. We could have moved to a LCOL area (this may not break even because of severe cost of reduced income), moved to the suburbs (at cost of enjoyment of location and commute), or taken less parental leave (at cost of enjoyment of baby). Alternatively perhaps we should have been more careful in choosing jobs that had better paid parental leave and/or taken out short-term disability insurance to replace lost wages. + +In summary, we can afford it, but we are spending a lot on our new baby. + +**TLDR:** Babies are very expensive in HCOL area when you are high-income dual earning parents with little paid parental leave. + +You and your little merry band of crooked sociopaths don’t scare me! I fought Tequatl over 1500 times! I bested the Claw of Jormag at least that many times and I can’t even count the number of times I stood over the ruined corpse of the Shadow Behemoth! Did I mention the literal thousands of times I ran the Silverwastes loot train? ... And for what Ken? What was it that was so worth all that effort? A really cool sword! That’s right Ken, all that for a really cool sword. + +Considering the prize here, this little game of wait and hodl is NOTHING. Do hear me? NOTHING!!! And when this is all over I will have my prize... And you? You WILL know defeat. Bitch... +I have seen the same tweet by the Shill Sniffing Dog, and by FXHedge about this, but I have yet to see an actual source be provided for any of these claims by either of them, or in any other location. + +DO NOT LET CONFIRMATION BIAS BLIND YOU TO FALSE INFORMATION OR LACK OF SOURCES. + +This was seen with Melvin claiming 49% loss with "anonymous inside sources". It means nothing without a legitimate credible source. + +Stay skeptical apes. 🚀🚀🚀🚀. +I am currently 23, fresh out of college, and just landed my first real full-time job at a small business lender who pays me at the rate of $45k/yr. My job is nice but, I know I want a grander lifestyle. My dads side of the family has made a living off of investing in real estate as he is a broker and so is my grandmother. I am here because I want to get into investing in real estate. I want to have some sort of a plan and solid knowledge base before I embark on this adventure/ask my family for guidance. So my main question would be if you could rewind the clock to when you were 22 or 23 what knowledge did you wish you had and where would you start? + +TL:DR - I'm young fresh out of college looking to begin shaping a plan on how I can get into investing in real estate. Father's side of the family are realtor/brokers. Need advice on how/where to start my planning. + +And yes I have read the stickied thread +I am considering buying rental properties in the next decade but I live in a high cost of living area with high (\~25x) price-to-rent ratios. I noticed that there are some more suburban/rural areas far away from with much lower (\~12x) price-to-rent ratios. I would prefer to manage rental properties close to me but how can I justify settling for only half the rental income. + +The main answer that I found to justify this is **appreciation.** This does not make sense to me. If the expected appreciation of low price-to-rent ratio areas is 2%/year, then I would need to expect high price-to-rent ratio areas to appreciate \~6% to justify investing there. Currently the high price-to-rent ratio locations have a price/sqft \~5x higher than the low price-to-rent ratio locations. If these expected appreciation rates are true, then the high price-to-rent ratio areas would have 20x the price/sqft in 35 years and 80x in 70 years. This would obviously unsustainable. Therefore I cannot understand why expecting any higher appreciation rates in one area over another would be justified if given enough time, it would lead to absurd cost differences. The common wisdom I know from stock market investing is that "past performance is no guarantee of future results." + +I have a few guesses but I'm not sure. Do low price-to-rent ratio locations: + +1. have higher expected rental vacancy and effort required to find renters? +2. have a higher maintenance cost % since the houses are bigger for the same price? +3. have higher risk if the rural areas are more likely to have foreclosures in a down market? +4. have slightly higher mortgage interest rates? +5. have slightly higher property tax %? +6. are less convenient for investors to manage if most investors don't live in those kinds of areas? +7. have higher insurance premiums? +8. have tenants that require more evictions? + +I don't see how even all these reasons could be enough to justify anyone accepting 2x less rental income. What am I missing? I would really like to be convinced that it makes financial sense to invest properties in my area. + +EDIT: fixed math and added #7&8 +I own a small contracting company. If I build a duplex on some land I own, but pay for all materials and labor out of the business' cash flow (ie expense everything as individual materials, as though I am building a Spec home) but then either never get around to selling it, or put it on the market at too high a price to really sell it, can I effectively depreciate/expense in perpetuity an entire rental property in a single year (ie massive tax write off?) +Currently im looking to buy another rental property and due to a crazy market ive been expanding my area radius and looking into the ‘burbs’. I’m talking about a midsize city and when I say suburbs I mean 15-20 min away from downtown. +For almost the same price I can get houses that are way newer, more yard space, newer windows, electrical, foundation etc, etc. +The pros are clear; less maintenance in the future compared to homes that are almost 100 years old. But who rents in the suburbs? Most students or young adults want to stay close to the city. Finding tenants in the city is a piece of cake, but will I be able to find renters easily if im 20 min out? I feel like most families buy, and dont rent. + +If anyone has any experience with renting outside of cities i’d appreciate some feedback. I’d hate to get a good deal on a newer home, but struggle to fill it. +I have a rental, my current tenant lease is up end of March. The tenant will not be staying, and even mentioned he can back out of lease any time I'm ok with it. I want to put my sign up. I was curious, how do you handle showing the home with existing tenant? I'm sure he's fine with it, the sooner I find someone the sooner I let him free of lease. He's a dog owner, when I've been in the house you can tell. Nothing bad visual, just the smell. Also the dogs have been an access problem for services. Do I ask him to clean up? Move the dogs for a weekend? +I am 27 have a duplex. How do people start scaling, and how do some do it so quickly. Saving for multiple down payments seems like a lengthy process. At least has been for me? +Hey REI, I have been reading a lot about investing in Indianapolis and so far I keep seeing this mentioned about inside the loop versus outside the loop. I want cash flow so I want to invest inside the loop. I'm afraid of attracting the wrong kind of renters if inside the loop is not newer homes. Has anyone bought inside the loop and not had a bad experience? Any advise for investing in Indianapolis for someone who is not living in Indy? +My mortgage provider for my purchase ran my credit yesterday. I’ve gotten 27 calls from mortgage providers since. I asked one what was going on and Equifax sold my info. + +What the heck is up with this? Anyone else experience this? This is my 7th purchase/check since 2020 and I’ve never had this happen, and they aren’t calling my spouse either. This seems so sketchy of equifax and the volume of calls and texts in the past 7 hours is driving me insane. + +Worth noting they are all mentioning interest rates in the high 3s as well, which seems unlikely/impossible. +Looking for some wisdom from those who have seen the last crash. + +I am currently doing "Buy, Reno, Rent, Refi" thing and we have been growing quickly the past 2 years. We currently own 20 buildings with 36 units. 4 of those are in the process of renovation and one was just purchased which will be our next rehab to start. + +A couple of bankers I talk to keep telling me that everyone they know who does what I do went under during the last crash. I am sure that a lot of people did but I am wondering what was the main cause? When we renovate we do it right an don't put band-aids on things that need surgery so I can't imagine our places having difficulty being rented out long term. The only thing I can think of is being stuck with properties they can't refinance out of but even that wouldn't cause me to loose everything I have. We are at the point now where we could absorb a few hits but it wouldn't take us under. + +We always keep a minimum amount equal to 3 months mortgages in our savings account and we only take 50% of the cash flow from the business. The rest stays in the company for growth. When we get above a certain point we either buy a property outright or pay down some of our debt. + +I realize that I have been lucky to get my start at a time when anyone with a brain could make money in real estate, but I struggle to see what could take us out. + +Since its close to Halloween, anyone out there have some horror stories for us??? +I'm still a ways away but have been very interested. I'm currently have set aside 15k with about $500 extra a month and am working on my credit(starting from no credit). It would probably be a year till I'm ready to start. Until then I'm reading/listening to every real estate information I can get. + +However I live in an extremely high CoL USA area with little means of getting to lower cost areas. The only way I see myself starting real estate is buying in cheaper states, where I'll never step foot in the houses I'm getting. I haven't ever bought a house but I see the need for me to gain cash flowing assets. So it this an option? What other things should I know about in regards to buying out of state? I feel the bare minimum would be hiring a property manager from a company. But what else? +If the post is emotional based I think it should be removed. If it's technical and data driven it should stay. + +This sentiment based posted aren't helping. + +If this is done I bet you remove 75% Shills and 90% of the fud. + +A cat started this pixel and criand followed the bread crumbs and sentiment and threats pushed them out. + +If your weren't here back then to read the true DD. Sit down. + +I recognize that you are all dealing with emotional stuff, but go talk to your shrink. + +This is my call the to MODS to remove all emotion sentiment posts. + +This is not a call for Ape vs Ape but one to bring back the data driven culture. + +Edit1 - do you think paid Shills have time to write DD that isn't recognizable across multiple subs and media outlets? +I think not. +How did you go about it? I'm interested in converting a portion of my savings to gold to hedge against wealth destruction in the event of rampant inflation, and would like to know the best way to go about purchasing it without getting screwed in commission fees, holding fees etc.. +I knew it was wrong, but didn't have a very good answer. I said: + +* The prices of things would be out of control if we couldn't import goods from places where they're made with very cheap labor. Friend said "Well we would just have to deal with that." + +* The US has been encouraging the world to participate in free trade for a long time, we couldn't do this now. Some countries might choose not to do business with us at all if we did this. (Not sure if this is true, but I said it anyway.) + +* Most Americans don't want to work in factories. We're not going to satisfy the needs of jobless, college educated people by putting them in a factory making minimum wage. + +What should I have said? + + +Why can't we figure out a better way of exporting our accounting, law, business consulting, risk management and IT services? Granted, my brain could be done for the night seeing as it's 3am and I'm just getting off work, but it seems like it would be a huge waste for the US to revert back into a tangible goods-driven economy. More and more in the population are going on to higher education. Can't we find a way to balance our trade deficits with intangible services as opposed to "making more things?" +Why can't we figure out a better way of exporting our accounting, law, business consulting, risk management and IT services? Granted, my brain could be done for the night seeing as it's 3am and I'm just getting off work, but it seems like it would be a huge waste for the US to revert back into a tangible goods-driven economy. More and more in the population are going on to higher education. Can't we find a way to balance our trade deficits with intangible services as opposed to "making more things?" +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +https://www.cnet.com/news/apple-invests-in-better-glass-displays-for-future-iphones/?ftag=COS-05-10aaa0b&linkId=37516656 + +Corning is obviously the best at making glass and this solidifies a major customer. +When you have assets of 10k-100k it may not seem like an urgent issue to you. But if, say, you have 1mil-5mil, are there ways to prevent a hacker from emptying your retirement fund?I'm not sure if this is the right place to post this but I feel like this is very important for fire itself because you can be FIRE'd in the bahamas and wake up one day realizing that your accounts have been depleted. + +EDIT: thanks for all the info guys. I'm sure some people will find the shared information in here very useful. I never knew SMS 2FA can be reverse engineered to bite you in the rear. Will read more as I go. Thanks again! This has been very helpful +Throw away account for obvious reasons. Happy to report that my net worth has touched half a million USD following /r/FI and /r/PF strategies! Longish post. So, buckle your seats! + +Edit: Gratefully appreciate any advice, feedback, guidance that might help me in the future. + +**Personal Background** + +US-based, single, 40-year-old. Software professional since I was 20. The first 3 years of my career were in a different country, and the first 8.5 years of my career was in a company based in my home country. So pay levels were *significantly* lower than if I worked for an American company since the beginning. My starting pay was less than $70 per month for the first 3 months of my career, increasing to $150 at the end of the first year! Things got better when I changed to an American company around 8.5 years into my career. Nevertheless, I have been earning only about average pay for a software professional in a mid-level cost of living area of the US. I don’t make and never made the high pay that some of the tech workers report here. For the first 16 years of my career, I sent substantial part of my pay to my family to help support them, pay for siblings’ college and weddings, buy some real estate in my home country. The real estate in my home country is NOT included in the half mil net worth that is the focus of this post. I have always lived a frugal lifestyle simply because that is my character. My net worth today would have been a LOT more if I worked for an American company all my life and if I kept all my savings to myself. I lead what can be termed as a Costco lifestyle – most things I eat, drink, wear, use are at Costco price levels, many of them bought in Costco. Most of my meals are home cooked. I travel internationally once every 18-20 months, and several domestic trips every year. I do some modest charitable giving. + +**FIRE Journey** + +Although I have been frugal all my life, I say my FIRE journey started in mid-2013, when I adopted specific savings and investment strategies to take me to my FIRE goal. My net worth in June 2013 was $168,299.29, which had been sitting in 401 K, checking & savings accounts for god knows how many years! I had absolutely no knowledge of personal finance beyond living frugally and keeping money in the bank. I stumbled across MMM blog quite accidentally. Don’t recall how. I was looking for a cheap deal on the a tablet. Googling for deals led me to a site which curates deals, credit card rewards, etc. Digging around in credit card rewards sites somehow brought me to the MMM blog and /r/personalfinance. The rest is history. I can’t imagine where I would be now if I had not been so keen to find a cheap deal on the tab instead of paying full price. Another point of interest – my FIRE journey has mostly been about a change in money management practices, rather than a lifestyle change. Ever since I started my FIRE journey, I ensure that I get some reward points or cashback for most of my expenses. + +**Net Worth Growth** + +My 2016 gross pay (social security wages, box 3 of W2) was $114 K. Other than 401 K and the standard deduction, I don’t have any other tax saving options. I am still surprised I reached 0.5 M USD in just over 4 years, starting from $168,299.29 in mid-2013. If only I knew about the FIRE strategies 10 years ago, I would already be FIRE by now, with above 1 M USD net worth. Here’s how my net worth grew year on year since mid-2013. + +**Month / Year**|**Net Worth**| +:--|:--| +Jun 2013|$168,299| +Dec 2013|$205,979| +Dec 2014|$268,082| +Dec 2015|$330,110| +Dec 2016|$415,575| +Aug 2017|$500,171| + +**401 K Growth** + +I started maxing out my 401 K only from 2013, although I had been contributing since 2007. See below how much money I personally put into my 401 K each year. My company match (75% of the first 6% of my pay) and the market returns have doubled my $109 K personal contributions to $220,273.07. This doesn’t even take into account the taxes saved. IMO, the 401 K with company match is one of the most fantastic financial instruments out there! + +**Year**|**Contributions**| +:--|:--| +2007|$2,2238.05| +2008|$4,900.46| +2009|$5,117.28| +2010|$5,277.28| +2011|$5,442.08| +2012|$5,859.42| +2013|$17,500| +2014|$17,500| +2015|$18,000| +2016|$18,000| +Aug 2017|$11,698.59| +**Total**|**$109,295.11**| + +**Asset Allocation** + +Here’s how my assets are distributed. As you can see, I am heavy on equities, especially US equities. A 1% reduction in market value means my portfolio is $5 K poorer. It’s a little wracking to see the value go down by several thousand bucks in a span of few days or few hours due to market fluctuations! Guess this is something that I should get used to now… + +**Asset**|**Amount**| +:--|:--| +Cash|$50,709.53| + +**Roth IRA**|**Amount**| +:--|:--| +VTIAX|$11,711.40| +VTSAX|$23,154.36| +Cash|$362.10| +**Total**|**$35,227.86**| + +**401 K**|**Amount**| +:--|:--| +Non-US Stock Index|$49,961.04| +US Large Cap Stock Index|$70,031.30| +US Small/Mid Cap Stock Index|$54,834.19| +Company Stock Fund|$45,446.52| +**Total**|**$220,273.05**| + +**Brokerage Account**|**Amount**| +:--|:--| +VBTLX|$12,462.30| +VDADX|$13,266.96| +VIGAX|$44,125.38| +VSGAX|$15,876.32| +VTCLX|$18,590.17| +VTSAX|$57,531.28| +TSLA|$36,286.50| +**Total**|**$198,138.91**| + +**HSA Account**|**Amount**| +:--|:--| +VIIIX|$6,702.61| + +**Biggest regrets** + +* Not knowing or learning personal finance strategies earlier in life. I am a relatively smart guy with two masters degrees. I should never have neglected educating myself about personal finance. + +* Missing out on the golden investment period of the Great Recession of 2008. + +* Not being suave management material. Despite having solid education (two masters degrees and an internationally recognized professional certification in my field), technical skills and work experience, I lack the X factor which separates individual contributors from management climbers. As a result, I have lost substantial money-making opportunities. + +**Most costly financial mis-steps** + +* Not properly managing my finances from the very beginning due to lack of personal finance education is the most costly one. It’s costing me in money and in precious time! + +* Related to the first point above: not maxing out my 401 K from the beginning. To be fair, since I am not a US citizen, I was not sure (am still not sure) where I would end up in the next 5, 10, 15, 20 years of my life. So, I was not sure of investing in an American retirement program. Reading up on PF and FIRE strategies changed all that. + +* Bought a house during the peak of the real estate boom. I short-sold years later, and got out of the mortgage. But I lost at least $100 K in the transaction. After I sold that house, I have always been living in rentals. I usually find cost effective rentals, and the NY Times Rent or Buy calculator (https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html) has always suggested that I am better of renting. + +* Got an MBA from a decent 2nd tier university. This cost me about 50 K. An MBA is useful ONLY if you change to a much better paying career soon after you graduate. I could not do this due to a combination of graduating during the recession, plus being in the US on a work visa without an easy option to change jobs, plus not being management material. The only thing the MBA gave me was the knowledge in the classroom. Being from a 2nd tier university, it is not even good for a top-notch and influential professional network. You get those from the Harvard, Sloan, Stanford type schools. Let this be a warning to any of you considering an MBA. Spend the money on it only if you are absolutely certain that you will change to a much higher paying job soon after graduating. + +* Both the above losses from my home purchase as well as the MBA happened during the recession. Imagine if I had invested that $150 K in Vanguard funds at recessionary rates! + +**Biggest non-FIRE behavior** + +Bought a 100 shares of TSLA at $371, one of the all-time high prices, going against my own risk-averse nature and every FIRE advice not to time the market, not to pick and choose stock. I have been watching TSLA since it was in the 30s. I stopped watching once it crossed 100. I watched again when it crossed 300 recently. I have also watched GOOG, AMZN and APPL start small and reach the heights where they are now. I believe that TSLA has similar potential. Did not want to miss the opportunity. So, invested approximately the base cost of the X3 into TSLA, and plan to hold for the long term. This is the most volatile asset I hold. Hope it pays off. The ONLY FIRE-like thing about this is not splurging on the product itself, but investing in the company instead. + +**Future** + +I used to have a lean FIRE target of $600 K ($2000 per month at 4% SWR). Have now revised it to $800 K, for which I need about 3-4 more years. The safest bet would be to just coast along in my current job, which is going no place worthwhile. However, I am considering joining a non-profit I like, for a substantial pay cut. It would have all the uncertainty, risk and thrill of joining a start-up without the monetary reward potential. If the non-profit succeeds, there will be the satisfaction of having done something worthwhile for the world, but no monetary benefit. A friend suggested that I could work full time for the non-profit and find a part time side gig which would bring up my total pay to current levels. That way, I would at least keep my pay levels the same. We will see. + +**Concluding thoughts** + +* Time is money. Literally. The sooner you educate yourself on PF strategies and start managing your money, the better. + +* Even if you are an average earner and have average financial intelligence, the beauty of PF strategies as documented on /r/financialindependence and /r/personalfinance will ensure that your money is well managed. + +**Edit: Adding few more points which usually get discussed here about the FI journey.** + +* People report feeling listless, impatient, frustrated and generally having a hard time once they have setup their FI strategies and settle in for the long wait to hit their FI number. I avoid all these feelings by having a busy lifestyle. I volunteer with a couple of organizations, and through them, meet many different people, have new experiences and learnings. I literally have no time to get frustrated or bored. Plus, all these extra activities don't cost me much and give an immense feeling of fulfillment. The only thing that makes me impatient is my day job which is not all that exciting, and takes up a significant part of my day. + +* Anxieties about what I will do after FI - there is absolutely no anxiety about this because I would become even more busy with the organizations I volunteer with. Combined with travel and other interests, I look forward to a life of rich experiences. I will have a whole new career for the next 20 years of my life. + +* Marriage - I am ambiguous about this. If I get married, hope it is with someone who is frugal too. If I was already married and my frugal wife worked, we would hit FIRE a lot earlier. If she did not work, it would be a few more years. But not much else would change. + +* Am I depriving myself in order to FIRE? I don't feel that way at all. It helps that my FIRE journey involved more of a change in money management strategies than lifestyle changes. So, even if I was not trying to FIRE, I would be living the same way. It also helps that other than travel, most of my other interests don't involve much spending. I have been lucky that all my girlfriends to date have been from similar modest background as myself, and were more interested in having meaningful experiences together than expensive experiences. There is something to be said about being happy with less. Is it okay to plug in one of my favorite websites here? https://zenhabits.net/ + +* Talking to others about FIRE - I talk to people about FIRE, without sharing my specific numbers. They listen with interest and they think I am able to do it only because I am single. They don't think it is for them. It seems too far fetched and impossible to them (partially why I made this post with specific numbers). + +* Any other frequently talked about topics I am missing? +I've gotten a lot of requests over the last few months to make a post when I FIREd, so here it is. + +My wife and I are both 50, and we've both been working in professional careers for 25 years. I'm an accountant and she's an attorney. We both worked for the same Fortune 500 financial services company. We announced our retirements about 2 months ago and Friday was our last day of work. + +My 2015 income: $135K + +Wife: $225K + +Expenses in 2015: $115K (not including taxes) + +Assets: $1.9 million in 401(k)'s, $0.3 million in Roth IRA's, $1.2 million Vanguard brokerage account, $0.2 million pension, $0.3 million deferred comp, $0.4 million "cash" - Total ~$4.3 million + +We are planning on annual expenses of about $150K (including taxes). That will be about a 3.5% withdrawal rate. + +Our pensions are each set to pay out over our individual lives. It will be about $12K/year total. The deferred comp money will pay out over 10 years starting next year, so about $30K/year. That leaves about $110K/year coming out of our cash. + +We decided we wanted to hold 2 years of expenses in cash initially. Since the early years of retirement are when the portfolio is the most vulnerable to bad equity markets, we decided to hold more cash so we wouldn't end up selling investments at a large discount if the market tanked in the early years. I realize that this is most likely giving up some investment earnings on that cash, but we were willing to give up return in exchange for some "insurance" against the market going badly against us right after retirement. + +The plan is to replenish the cash over the first 5-7 years whenever the market is up while depleting the cash if the market goes down. By the time we are 7 years into retirement our plan is to hold 1 year of cash and replenish it from investments quarterly. + +I'm pretty conservative, so we have considered what would happen if our investments performed terribly for a prolonged period of time. We could fairly easily cut our annual expenses to $100K and still feel like we were living pretty extravagantly. + +What will we do all day in retirement? Not sure yet. I have all kinds of ideas, but I will have to see how everything plays out and what really keeps my interest. + +First things first though. We had to plan out chores. While we were working we had a housecleaner who took care of most of the regular cleaning, ran the occasional load of laundry, and took care of some little things around the house. We've cancelled that and divided up the household duties. We are keeping the lawn guy because he is a friend and is pretty cheap. + +For right now I am greatly enjoying not being at work today. We got up, had breakfast, took a 6 mile walk, and then I did a short workout. We ran a couple of errands, and now I am facing unpacking 3 boxes of stuff I accumulated in 25 years working at the same place. + +If anyone is interested I will post occasional updates, and of course I am happy to answer any questions. + +Edit: Lots of questions about expenses, and I should have expected that. + +We live in a LCOL area in a small Midwest city. + +Budget (I tried to simplify it since my budget is very complex) + + +*Mortgage 1: $1K/month (5%) + +*Mortgage 2: $400/month (5%) + +*Health insurance: $800/month + +*Other healthcare: $1K/month + +*Car loan: $750/month (5 years 0%) + +*Condo near parents: $1K/month + +*Charity: $2K/month + +*Travel: $1K/month + +*Food (Dining out and groceries): $1K/month + +*Utilities: $350/month + +*Entertainment and gifts: $500/month + +*Insurance (LTC, Auto, Home): $500/month + +*Other: $1,800/month + + +Yeah, I know some of you will say that you live quite comfortably on my "other". I know I have a very cushy lifestyle. Other includes contingencies like house repair/maintenance, lawn guy, gas, electronics, wine, you get the idea. +I ask this from a thread regarding Uber drivers and these quotes stood out to me: + +"I’m a bartender at a restaurant and I’ve talked to other friends in restaurants and we’re all slower than ever. I just think with such a high percentage of people having omicron or being in contact with someone people aren’t going out much." + +" I am posting this for investors in Uber and Lyft because this month my earnings driving rideshare have fallen off a cliff. I'm talking about dropping from 2K a week down to $300-$600 a week. I see this sentiment repeated by other rideshare drivers in the relevant subs and it seems to be happening around the U.S. in all regions." + +--- + +I am anecdotally VERY concerned about consumer spending numbers for quarter 1. January is typically a slow month, but everything looks absolutely deserted on weekends compared to what I've seen for the last 3-4 months. I've seen some restaurants crowded, but in general bars/clothing stores/etc are way less crowded than usual imo especially on weekends. + +What are your experiences? +I'm looking to buy but would move in just by myself (although may look to get a lodger). + +I'm in a position where I can get somewhere reasonably nice. A nice, new detached 2 bed house in a nice area or a slightly less nice 3 bed semi. + +From a financial point of view, living with my parents means I can save about £800-1k a month (I pay them £300 rent and they pay for the food shop). + +I'm maximising my LISA by paying in £4K each tax year. + +If I got on the property ladder now (i.e. Early as I'm 24 years old) hopefully I can pay of my mortgage early and see my house value increase. + +The other part of me thinks to keep saving from living with my parents and I'd pay less/no stamp duty money when I eventually do buy as I would've save more. + +My question is, would getting on the property ladder early (presuming I find a house I like) be a better investment or would continuing to save allow me to have more money in the future? + +Edit: Seems to be a mix of answers - some saying it's better to buy asap while others say continue to save. I appreciate there are other factors when moving out e.g. Independence but I'm trying to look at this more from a personal finance perspective as I'm on this sub. +So in this post I’m gonna put myself in Ken’s shoes. Or the banks. Or the fed. Whoever is suppressing the price. + +This would be my last resort in an attempt to shake off paper hands. + +Make loads of posts in superstonk hyping up the crash, implying that we’re 100% gonna moon when the S&P drops and that GME always does the inverse of it. (Already happening) + +Then when the market crashes, I’d do everything in my power to tank GME to make it look like it’s crashing along with everything else. + +I’d then pump movie stock or another shitty stock to the max so that the price rockets like 200%. I’d let this happen for a week or so, keeping GME suppressed and hopefully declining drastically. I wouldn’t use short ladder attacks this time, as it’s too obvious, I’d make it look completely natural and fill the sub with panic posts at the same time creating mega FUD and panic. + +Then, I’d flip the narrative in the media to say, sell this stock (whatever stock I’m pumping) and buy GameStop. This is a great tactic as I know nobody believes what the media are saying about GME and apes continue to buy, so using reverse psychology I would fuck with their heads and tell them to buy GameStop, Quick! As it continues to drop. This would hopefully shake a few nervous holders off as they’re now thinking ‘wait, why do they want us to buy it now? Something must have changed? What if they’ve covered?’ The stock being pumped would hopefully then be bought since the media is telling people to sell it, people will think this is what they did with GameStop so this must be a new threat to them if they’re telling us to sell. + +Then, once a few people have sold, I’d start covering at a low price and blame it on retail buying GME, as this is what the previous article recommended to do. + +I’d then stop, and let it decline slightly ready for my new article . ‘GameStop continues to drop despite redditors best efforts to keep it up during the crash’. This would line up with the spike I’ve just created by covering. + +I would genuinely have fully fake articles published since I’m going down anyway saying ‘Ryan Cohen sells GME stake” to trick the smooth brains. + +Hopefully, after all of this, 30% of holders would’ve sold which I suppose is better than none so then I’d cover rapidly pushing the price to a point where the average investor would not buy, for example 5k and then let Marge do the rest of the work liquidating me. + +As we know, everybody here who’s holding and has been since January have been on a rollercoaster so i highly doubt this will work very well but in my personal opinion, too many people think the squeeze is automatically happening as soon as we crash and if I were in kens shoes right now this would be a perfect opportunity for one last Hail Mary. It’s a no brainier. + +****So remember, MOASS may happen wen crash, MOASS may not happen wen crash but happen after. Either way MOASS is inevitable so carry on buying and HODLING. Not a single thing has changed 🚀**** +My family was in town and we were having dinner. My brother asked if I saw the new FTX banner while watching the World Series. That sent my sister in to a soap box. + +"Crypto is bad for the environment." "It's too late to earn any money." "Only banks and institutional investors are buying right now." "It's really just an immoral investment." + +My sister has become quite outspoken about her political leanings recently in the past few years and usually is outspoken and looking to debate. It felt like bait so I just decided just to ignore it. + +I was reminded of the quote "If you don't believe it or don't get it, I don't have the time to try to convince you, sorry." + +There is so much positive energy in this space I just didn't feel the need to try to convince someone who had already made up their mind. I had better things to do. +Hello, + +I am trying to better understand mortgage overpayments. I know these will eventually help me reduce the total interests paid to the bank. But will they also help if I decide to sell the house before I finish to pay off the loan? + +I am referring to a 30y-fixed rate (not sure it's relevant). + +Thanks! +Hello, +I have recently qualified as a primary teacher. I have not been successful with getting a full time teaching post for September. However, I have signed up for supply work. Supply work is notoriously slow for September so I have signed up for Universal Credit to support me for two or three months whilst the pace for teaching jobs picks up. + +Whilst on the phone a few days ago with someone from the job centre, they informed me that I must search for jobs for 35 hours a week. From my understanding, for the first few months of your UC claim, you can specify which jobs you want to work (I have picked teachings posts). However, there are 4 (four) teaching posts in my area and there will most likely only be about one a week for the next few months. *How am I supposed to say I’ve spent 35 hours a week looking for jobs when there are no/very little job posts fitting my criteria?* + +I don’t want to seem like I want to sit on my arse and just claim UC. I really want a teaching post and to support myself but unfortunately it’s not going too well. +[https://www.cnbc.com/2018/06/21/trader-builds-5-billion-position-after-realizing-it-wasnt-a-demo.html](https://www.cnbc.com/2018/06/21/trader-builds-5-billion-position-after-realizing-it-wasnt-a-demo.html) +Just curious. + +Edit: I came across [this post here](https://np.reddit.com/r/AusFinance/comments/896n1j/rausfinance_what_are_you_planning_to_buy_or_sell/) from approximately a year ago and found it interesting to compare user comments with what eventuated, and thus felt compelled to post the same question. +Not entirely sure if this is right subreddit .. apologies if not :/ + +Firstly, the facts + +* GF and I broke up +* Own a house and have 3 pets +* She's with someone else who's going through a divorce +* He wants to move in here (can't currently afford to buy me out until divorce settled- roughly 60k equity split 2 ways). +* Offered to pay half the mortgage, bills and pay me rent (500 quid, mortgage is 1000) +* I would move into a rental. + +My concern is that my long term plan (a year or so) is to move back to Australia. In that year I have to have everything sorted and most importantly have the recieved half of the equity in the house. Obviously I don't trust the bloke as he's been wishwashy with the divorce. My concern is that 6 months down the line, they break up and suddenly we have to sell the house (which could take a while in this market) and i'm screwed. + +The pet's are the main reason we can't just sell the house now and both move into rentals. + +Any thoughts? Are there any legal approaches I can take to protect myself? + +Bit of a pants situation but it is what it is. + +Thanks for your time, + +Rob + + +(edit) thank you for all the replies, it's very appreciated. We sat down and had a long chat last night and came up with what will hopefully be a fair and clean way forward. She's going to see if she can remortgage to free up my part of the equity and her parents are going to act as guarantors (her salary is fairly low). Then the new shinyness will pay her rent. All this obviously down to the banks discretion but fingers crossed with a guarantor they'll be up for it. Thanks again peeps. +Usually if work messes up an employees pay they add it on to next months wage . In this case they have underpaid me by a third. Do I have the right to demand they pay me this immediately ? Are there any regulations relating to this I can quote if I have to? Thanks . +UPDATE (10.27.20 11:30am PST): So I took some of your advice and went down to a branch and spoke with a banker. I'd also like to preface with the fact that I created my account with Chase in person and not online, and when I created it, they took my ID and SS and had me sign the appropriate paperwork; I did not do it online. Anyways.. I spoke with the banker who created my account and apparently my social was blank in the system, as in it was all zeroes. So it seems it was a mistake on the side of the bank. I had assumed it was 'suspicious activity' that got my account restricted since I had personally typed in my social into the form when the account was created, but apparently it wasn't that. I went in and confirmed my ID and social, and the banker told me that after the forms are submitted, my account will be released in a few business days for normal use. As for the Zelle issue, even though it processed before the restriction was placed on my account, it bounced back once the restriction was placed. The banker told me that Zelle is holding on to it, and that it will be returned to my original account in 3 to 5 business days as well. Overall, it's been a stressful process, but going in person immediately really helped solve the problem. Thank you for your advice all, Chase is a difficult bank to work with. + +--- + +I recently opened a Chase College checking account (not even a month ago) and just received a notice that my account is being closed due to ‘suspicious activity or failure to produce needed information.’ Now... I did a quick Google search and found out that Chase is trigger happy on closing accounts and mine probably got flagged because I have been moving money from my checking account with Navy Federal into my Chase account through Zelle to keep myself afloat until my direct deposit updates. So my problem isn’t that my account is being closed, I’ll take that loss. The problem is that the money I transferred through Zelle has since disappeared. It’s not an issue of the money having never gotten to my Chase account, or being sent to a closed account. I sent the money last week and the transaction had been cleared, delivered, and completed. It cleared from both ends and showed up in my account almost immediately. I just received a notice of account closure about an hour ago through the e-statements (dated today, October 27) so the payment wasn’t sent to a closed account. I checked my account through the Chase mobile app and on a web browser and the Zelle extension confirms I received the payment, but it doesn’t show in my checking statement or activity anymore. The money is gone, and doesn’t show up in my Navy Federal account either. + +Does anyone know if the money will be returned to my Navy Federal account through Zelle? Or does anyone have a similar experience? This is stressing me because I sent most of my paycheck to my Chase account and now it’s gone. + +TLDR; I sent myself money through Zelle from one bank to another, then the receiving account got shut down and my money disappeared from both banks. What should I expect? +Have seen some twitter post in various reddit subs of “official companies” that post a false statement about the company and the chart next to the false statement tanking in 500-1000M values. All those stock tankings are based on HFT algo that react in miliseconds of news drop. To me this is peak comedy of how “advanced the algo’s are”. +I know I'm not the only one scrolling the job boards trying to find the magical job that will allow me to pull myself up by my bootstraps + +$10hr here, $8.25hr there, $12hr there...it seems like my whole town is earning an average of $10hr according to the job board + +I have a 10 year history of long term employment at places that have given me no upward trajectory and given me no real skills + +Where is my opportunity to advance? The best I can find is $15-16 an hour for jobs that expect you to absolutely demolish your body every day for it with hard labor that most can't even perform without being a peak condition 20 year old + +I live in a barren wasteland of no opportunity, the only choice I get is choosing my slave master + + the best plan I have is trying to get a CDL but I help caretake my disabled father and grandmother so I don't see how I could make that work +I’ve been dollar cost averaging +on Coinbase for the past month, my price per share is just about $100. I first bought it at 220, it went to about 350 (should have sold) There are still a lot of big firms that are very bullish on crypto. But, it’s definitely not the hedge to inflation or treated like a commodity like a lot of people thought. It seems that people either think it’s the future or it’s going to go to zero. At this point I just have no choice but to be optimistic. I think that technology is revolutionary enough to warrant staying power but I’m not one of those people where crypto is basically their personality. + +But I’ve also read that people are having a lot of issues even getting their money out of the coinbase exchange, it doesn’t seem like the company can even meet its customers withdraws. + +Getting a little tough to stay positive. +As the title says, I work as a consultant/software developer for private, small, Canadian company (~12 employees), that's become not-so-small (profit-wise) and is going public. We have a meeting next week about that. + +The company has two sources of income: + +* Steady if small flow from government consultants like me (we are currently 3) +* Contracts for various software projects, including website hosting + +I want to know what I should know before buying stock. I've seen their IPO pitch, their presentation, the projected profit of the company, etc, but I feel like these things are always ~~a bit~~ very optimistic. So, what should I know? + + +EDIT: Thanks everyone. I'm still reading the answers! +With the next halving, the BTC inflation rate will drop below the US dollar inflation rate. + +This will be new territory for Bitcoin, never seen before. + +BTC inflation rate is about 3.67% right now. +source: https://www.bitcoinblockhalf.com/ + +US Dollar inflation rate is about 2.5% right now. +source: https://www.usinflationcalculator.com/inflation/current-inflation-rates/ + +After the halving, the BTC inflation rate will drop to 1.8%. + +Furthermore I am of the personal opinion that economic fallout from China's Covid19 actions will trigger a global recession, and a severe one at that. I suspect many governments will inflate their currencies even more than they already do. + +Regardless, Bitcoin is entering uncharted territory for the first time in its existence.... beating the US dollar in an important benchmark. It will be close, but BTC will have the slight edge. I am not educated enough to predict ramifications of this, but it's not a trivial milestone. + +Any thoughts on BTC passing the USD? + +**EDIT: many posters have corrected my misconception... I indeed am comparing apples and oranges. I should have been comparing the "new" supply of BTC (although that itself is debateable) to newly created currency (though that gets tricky too, with fractional reserves). Long story short, it's more complicated than I set out. I'll leave my statements up so others can see what a fool I am, and point and laugh as they see fit. Be kind to one another, we are all here for love of BTC.** +With the next halving, the BTC inflation rate will drop below the US dollar inflation rate. + +This will be new territory for Bitcoin, never seen before. + +BTC inflation rate is about 3.67% right now. +source: https://www.bitcoinblockhalf.com/ + +US Dollar inflation rate is about 2.5% right now. +source: https://www.usinflationcalculator.com/inflation/current-inflation-rates/ + +After the halving, the BTC inflation rate will drop to 1.8%. + +Furthermore I am of the personal opinion that economic fallout from China's Covid19 actions will trigger a global recession, and a severe one at that. I suspect many governments will inflate their currencies even more than they already do. + +Regardless, Bitcoin is entering uncharted territory for the first time in its existence.... beating the US dollar in an important benchmark. It will be close, but BTC will have the slight edge. I am not educated enough to predict ramifications of this, but it's not a trivial milestone. + +Any thoughts on BTC passing the USD? + +**EDIT: many posters have corrected my misconception... I indeed am comparing apples and oranges. I should have been comparing the "new" supply of BTC (although that itself is debateable) to newly created currency (though that gets tricky too, with fractional reserves). Long story short, it's more complicated than I set out. I'll leave my statements up so others can see what a fool I am, and point and laugh as they see fit. Be kind to one another, we are all here for love of BTC.** +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +I’ve seen posts reference 2018 and 2020 with similar market corrections as examples that things will go right back up in the near future. I don’t agree as in both of these instances there was Fed policy and in 2020, fiscal policy to the rescue of the economy and stock market. The Fed clearly isn’t lowering rates anytime soon, and not sure government would be able to do anything with elections coming. + +What potential catalyst could rebound the market in the next 1-3 years? +Quite a few times people in this sub I see people suggest using cloth diapers as a way for parents to cut costs. I understand the advice comes from a very well meaning place. However it’s just not always appropriate advice. + +This is coming from my own experience using cloth diapers for my first child exclusively for the first few months, and then occasionally as they grew. I also used cloth occasionally for my second child but not exclusively. + +Cleaning/washing diapers takes a lot of time, space, and money. If you do not own a washer and dryer, and need to use a laundromat, then it is significantly cheaper to use disposable diapers. + +You need space for the soaking buckets. You need to buy napisan (sodium percarbonate, I don’t know what the equivalent product is called in US), you need to buy laundry detergent. The diapers need to be washed in hot water (60c/140f). And you need to own a washer and dryer, or to a have a yard with a clothesline. You also need time to run multiple loads of washing and time (and energy) to hang the washing on the line and bring it in. + +Cloth diapers need changing more often. Cloth diapers leak more often, soiling clothes, bedding, car seat covers etc, adding to the number washing loads. + +Childcare centres will usually only accept disposable diapers. + +I estimate the cost per day for 12 changes of cloth diapers to be 80c (56cusd). Double this if a diaper has leaked and you end up doing two loads of wash instead of one. If you do not own a washer and dryer the cost rises to $8.80 ($6.16usd). Math in comments. + +I haven’t factored in the upfront cost of purchasing the diapers, modern cloth diapers appear to sit at around $8 ($5.60 usd). You would need to buy a minimum of 12, preferably 24. I haven’t factored in purchasing the soaking buckets, or the washer and dryer. I also haven’t counted the cost of electricity to heat the water or run the washer and dryer. + +Brand name disposable diapers are approximately 30c each for newborn, 50c each for toddler. Approximately 12 changes is $3.60 to $6, ($2.52 - $4.20 usd). Although it’s probably less because disposables keep baby dryer for longer than cloth, so you may change less often. + +If you work full time, or even part time, multiple daily loads of washing is not sustainable or a sensible use of your time. If you stay at home, and have a washer and dryer, using cloth might make a bit more sense. + +Edit: wanted to add that having a partner changes how “easy” cloth diapers are. Anyone saying “WE used cloth diapers and it wasn’t that hard” consider the privilege of having that extra support as another factor in your weighing up of the pros and cons. + +If the division of household labour is equitable and using cloth diapers isn’t forcing extra labour on one of the partners then that’s perfectly fine. + +If you are not the person coping with night feeds, pumping while working full time and you aren’t the person in charge of making beds, and washing all of the family laundry….please re-evaluate WHY you think using cloth wasn’t that hard. + +I remember my first job out of school. During lunch I was sitting with some colleagues and I expressed my desire to retire at 40-45. + +They scoffed at me and said, "Haha that's not happening buddy unless you win the lottery!" + +I am 33 now and even the most negative projections (e.g. 4% growth) would still allow me to retire at 40. +I am 6 years away from retirement and have worked hard to raise a son solo, own a home, have a great pension (Canada), and a solid financial portfolio. + +Problem? Been dating someone for two years who has a pension income but is terrible at saving money, ex: he borrows money to vaca. He was debt free one year ago after selling his house and is now 10 K in debt from daily living. And pulls in over 3500. a month in pension... note: he is very generous with me.... + +How to reconcile different values...? +So about an hour and a half ago a user posted about Coinbase being insolvent and having trouble withdrawing their funds, recommended transferring everything out of Coinbase. Whether this was FUD or a prophecy that will be proven truthful can only be confirmed with time, but it did get me thinking. Can somebody use this sub with it's 5 million members to manipulate the price of a certain asset and then sell to make a quick profit? + +Yeah I know it sounds kind of crazy but hear me out, this last post prompted me to quickly go to Coinbase where I had some USD sitting and purchase ALGO to transfer out and then convert to USDC somewhere else. So if a large enough percentage of the people on this sub did the same as me with ALGO, XLM or LTC it could cause a short term spike in the price and make someone a quick profit. I might also just be crazy but had to ask. + +TLDR: Could somebody manipulate this sub with FUD into purchasing low transfer fee cryptos so make a quick buck? +Link: [https://etherscan.io/address/0xb170dd1352b9928bd1dd1f11d25f5a1d617baeb2#code](https://etherscan.io/address/0xb170dd1352b9928bd1dd1f11d25f5a1d617baeb2#code) + +Information to who linked it: [https://github.com/Loopring/protocols/commit/b65c9a17c87880417acf5205ff118c02b6410737](https://github.com/Loopring/protocols/commit/b65c9a17c87880417acf5205ff118c02b6410737) + +Here is a picture of more GME evidence in the Code: + +&#x200B; + +https://preview.redd.it/z1tevulhqlx71.png?width=810&format=png&auto=webp&s=bdcdb87a3e36951622661eb1eca4daa61dfea09c + +Twitter GME also hinting at the "relationship": [https://mobile.twitter.com/GameStop/status/1455993619299684357](https://mobile.twitter.com/GameStop/status/1455993619299684357) + +Not sure if this information has found it's way over here yet, but this is even more smoke indicating the fire that would be a GME partnership. + +I am very hopeful that this will be a very lucrative buy the rumor sell the news event. However, I believe this is a great short term AND longterm play + +I posted this last night and it gained a lot of traction but there were too many LRC posts and it got removed. Still this is new code from a more credible source, as well as a mention from Gamestop themselves and deserves to be known by this sub. + +Edit: Looks like the top 2 links are no longer working. This in my eyes is extremely good news as it looks like some1 let the cat out of the bag too soon. + +The picture came from the code in the top link that has now been removed from a person inside Loopring. I posted the full text from just one of the many pages published from the original leak in the comments. This most certainly means they changed the repo to private +The International Energy Agency said Friday that global oil demand growth will slow to 1.2 million barrels a day (from 1.8M this year) in 2016, China still up in the air, Iran yet to enter the play, no war on the horizon...there is a massive temptation to go in hard but at the same time...could it hit $35-37 levels? + +This could be a massive opportunity or an absolute rekkage scenario. +So, I'm about to take a job building a gas plant in WA. While the hourly rate isn't spectacular, because ill be working in a remote location four weeks on, one off, 10-12 hours a day, my annual salary will be $140,000 AUD after tax. + +I am, however, fucking shit at finances. My family always lived paycheck to paycheck, i never took the time to learn money management, and ive spent years pretty much fucking about, drifting and studying. I want to save up for a large deposit on a house (looking at around $450,000... A deposit of $100,000). + +Im mid-thirties, no spouse or dependents, and ive onky got a few thousand in savings. I've just given up my rental place. I also have about $10000 in credit card debt, which is the first thing i will be paying off. + +After that, what sort of things can i do to maximize and ensure + +All thoughts gratefully received. +I have a masters degree in psychology with about 3 years exp (mainly into trauma, relationship issues, counselling, anxiety disorders etc) and work for a private practice. I’m at 90k currently. Just wondering if I’ve been low balled or if this is the current industry standard. Thanks. +I have done fair due diligence on all investment apps in the Aus Marketplace and I cannot find too much of a fault with Spaceship. + +**Note: I am talking about spaceship voyager - NOT spaceship super.** I am not really that interested in their super as I do not find it in any way groundbreaking, unlike their personal investment option. + +**Disclaimer:** I am a 23 year old Male so my idea of investments could be very very different to someone of a different profile. + +It **charges minimum fees.** 0.1% p.a. for Spaceship Universe (essentially a managed fund), 0.05% p.a. for Spaceship Origin (essentially an index fund). You would expect \~2% in managed funds and an extra 1% if you are going through a financial adviser to do so.I assume these fees are justifiable because they make enough money from their super arm (275m AUM \* 1.2% = \~$3.3m) AND because they are backed by firms such as Sequioa and Airtree (among the biggest globally). I was originally worried about the sustainability of these fees but I can see that they would have no need to raise these fees if they make that much money from their super and they have such large backing. + +Since inception (only 2 years old) the **Universe has returned 22% p.a.** and **Origin has returned 8.5% p.a.** Worth Noting the Universe Portfolio **returned 37% in the 12 months to 31st May 2020.** (You would expect those returns from Origin as it just follows the market). That is phenomenal for the Universe Portfolio inclusive of the Covid-19 Pandemic. + +\*\*The ease of use of the app.\*\*While Barefoot Investor heavily recommends deleting an investment app from preventing anxiety/micromanaging (and I agree with him), the app is great. The **Direct Deposits** option is my favourite benefit. Following The Latte Factor - automate your investments for the best chance of success. I'd recommend just setting the direct debit to the day after your pay day so you never spend the money that is meant to go to your investments + +I know their investments are predominantly Growth/Tech so you could expect a higher return for a higher risk but with Covid-19 flooring the market, they have not been in any way shattered in a financial crisis, so I feel this risk isn't as large as you would believe. + +I have found many reasons to not go with options such as Raiz, Commsec Pocket, Intelligent Investor, Stake. But I can't fault Spaceship. If you do want the rundown of why I don't like those options, just let me know and I can draw up a few reasons for each. + +**My current biggest drawback for Spaceship:** They do not have any data ready that shows you the diversification by industry (all similar investment vehicles would have this info) - and this would be the first thing a Financial Adviser would look at in regards to risk. + +Literally tell me what is wrong with it. +https://www.bloomberg.com/news/articles/2022-08-08/munis-now-completely-unattractive-as-debt-outpaces-treasuries + +Most of the muni bond funds I’ve seen are at substantial (5-10%) discount to NAV. A few I’m in are $AFB and $HYD. I don’t see why they’re talking so badly about them. I disagree treasury bonds (ex. Series I Bonds) are a better alternative solely based on their higher yield when muni funds are below NAV and are on the uptrend. Plus you don’t have to deal with the headaches of treasurydirect website. +Amazon.com Inc. said Monday it added three million new members to its Amazon Prime service in the third week of December, boosting what was already a record holiday season for the online giant. + +Prime members made the company’s “The Man in the High Castle” television series the most watched on Prime Video this season, and helped double the total viewing hours of Prime Video titles compared with 2014, the company said in a statement. +Hi Reddit, + +I honestly had no idea where to go with this issue so I'm going to cross post this into a few different subs in an attempt to get as much advice as possible. + +To give you guys a quick backstory, I'm an 18 year old college student, studying abroad. I come from a poverty stricken part of Russia and moved to the United States when I was 8. My mom was a Russian mail order bride and met my stepfather through the online service, eventually prompting our relocation to the US. It is no surprise that their relationship has never particularly been functional. + +Recently, my mother found out that my stepfather is in extreme financial turmoil due to the massive debt he's acquired that she was oblivious to. He kept her in the dark about all financial matters until she decided to check her credit score, purely out of curiosity, and noticed how much it plummeted. Upon some investigation, she managed to get the full story. + +My stepdad is in his mid 60s. There's close to a 20 year difference between him and my mom. He used to be quite wealthy and brought in a six figure income each year. That was around 2 years ago. He got fired from his job and has since been unable to find a new one. He is practically unfit for work but he insists that he's in the process of finding a job to help pay the bills. He's asking my mom who has a little under 80k to her name to help pay the bills and the rent. He's already a month behind on rent for a very expensive apartment costing around 5k a month, located in manhattan. + +For reference, my mom hasn't held a job since her 20s, has no higher education and barely even possesses basic English proficiency. Her net worth entirely consists of expensive presents and other things my stepdad has bought her over the years. Because she co-signed the lease for the apartment, she's now entitled to pay for it too. My stepdad is currently unable to pay and doesn't consider the option of renting it out to other people. To pay for the remaining 6 months of the lease will take away more than a third of everything she owns. She's afraid that the building management will go to court if they break the contract and she along with my stepdad will be held legally responsible. + +She's lost as to what she can do and so am I. She's currently in Russia and not sure whether she should even go back to the States in the first place. All of her possessions are located there but she's afraid of having to face my stepdad and possibly having to pay a huge sum of money. She said he's been getting much more aggressive lately and is currently drinking heavily. She doesn't know whether to divorce him and ensure that he pays at least 50% of the rent or to just not pay for it. What could she do? If anyone can offer advice for us, it'd be much appreciated. + + +[This is straight from CMC page on BCH. ](https://preview.redd.it/6x6ahxd2rfi91.jpg?width=676&format=pjpg&auto=webp&s=33a31e50a2ebaa42bb2ad9de5a9e5a1d4e4cc960) + +As you can see, BCH/bcash has never created any return in its history and people buying it even 4 or 5 years ago are in losses. + +If you had bought BCash at any point since its inception, you would most likely be down today. Or at best, breaking even. + +If you had bought BCash when it launched in Aug 2017 at $500, you would be down now ($133). + +If you had bought BCash in peak of 2017 cycle i.e Dec 2017 at $1500 to $3000, you would be down now.. by a big margin. + +If you had bought Bcash in depths of last bear market (Jan 2019) at $100-$140, you would be slightly up or just around break even after 3 years ($133) + +If you had bought Bcash in July 2019 at $300, you would be down now ($133) + +Even if you had bought BCash in depths of covid crash (17 March 2020) at $170, you would still be down now ($133) + +**You can pretty much choose any buying point for Bcash, and odds are you would be in losses now.** + +In contrast, if you had bought any random coin in the Covid crash, you would likely be up. If you had bought DOGE or Polygon or just blindly picked another one, you would have been up thousands of %.. but not BCH BCash. + +However, according to Canadian regulators, one can buy as much of Bcash they want to but have to limit purchases of other coins to just $30k per year. + +By what logic does this make any sense? Protecting investors? When BCash has never generated any returns in it history? + +Sure, it may make sense from a regulatory perspective to limit people's exposure to risky crypto, but to include BCH in the list of coins that people can buy without limits? + +It shows regulators are full of crap and have no understanding of crypto markets. + +Edit: Lol so many bcashers have arrived. + +> OP is a bitter liar + +What am I bitter about, missing out on all the losses? lmao + +Some people actually think regulators chose BCH based on utility or adoption? Lol thats even absurd. BCH has less than 30k transactions on most days. Even chains outside the top 50 have more adoption in terms of volume transacted or txn/day. BCH has no utility or adoption that isnt just fringe BCH enthusiasts + +Its totally absurd to think regulatory actions are based on utility. + +The limits are based on "investor protection" + +https://www.osc.ca/en/news-events/news/canadian-securities-regulators-expect-commitments-crypto-trading-platforms-pursuing-registration + +> crypto trading platforms agree to comply with terms and conditions that address investor protection concerns + +https://help.newton.co/hc/en-us/articles/8216687424915-What-are-these-new-regulatory-changes-August-2022- + +> These changes are to protect crypto investors, like yourself, and to make sure investors are aware of the risks associated with investing in crypto assets. + + +Its about "protecting" crypto investors. I.e ensuring they dont lose their money. Not about picking which coin has utility or adoption. + +**Given that its about protecting investors, it makes no sense to include BCash - a coin that has not had any long term returns worth even talking about.** Most of long term BCash holders are sitting on various degrees of losses +Most of the time alts followed BTC/ETH unless there were some news dropped such as the recent DOGE hype. **But the last hours are pretty crazy.** Let me give you some examples: + +**MATIC is currently up \~18% in less then 5h.** + +&#x200B; + +https://preview.redd.it/4r7cm7ynbvx91.png?width=1920&format=png&auto=webp&s=1442692b678c4ead9cf80c25fb0c8f8246b62a02 + +**chainlink up 7.25% the last 4h** + +&#x200B; + +https://preview.redd.it/op98f4mobvx91.png?width=1920&format=png&auto=webp&s=6aea0913e4884bf7c0c4f7bdcb3289414d67c901 + +**ATOM is also up +6% the last 5h** + +&#x200B; + +https://preview.redd.it/fi6o5w52cvx91.png?width=1920&format=png&auto=webp&s=6c75710f4c56bcff8662a476f1a36d623dbb189f + +**LRC just jumped nearly 20% in the last hour** + +&#x200B; + +https://preview.redd.it/c46rcctqbvx91.png?width=1920&format=png&auto=webp&s=f989abd7f5a089bb08fa81bcfbd8e4dbe992f738 + +**Even ADA woke up & pumped +5% the last 4h** + +&#x200B; + +https://preview.redd.it/6fg8wigrbvx91.png?width=1920&format=png&auto=webp&s=709d8c1e0c72fe3759004d47f47391813f53d8ea + +Generally speaking a lot of crypto is getting sudden trust & lots of buying pressure right now. I've been trading the last hours and I'm not kidding when I say I trade a bullish strategy for the first time **since march.** + +Now don't get me wrong this is most likely not the start of a bullrun since we are still in a recession, still fight high inflation ( CPI numbers next week btw ) & the outlook after recent [FED meeting](https://www.federalreserve.gov/newsevents/pressreleases/monetary20221102a.htm), or [Bank of England warns of the longest recession since 19](https://www.theguardian.com/business/2022/nov/03/bank-of-england-raises-interest-rates-to-3-percent) is yet clearly bearish. + +My personal guess is that this is a major short covering, fomo pump & euphoria because of the stock market recovering. But that wouldn’t be a reliable fundamental strength. Crypto does crypto things and can decouple at any moment again - yet it’s refreshing to see some green. + +I'm curious if this is just another short lived bear market rally and It'll dump back down the next weeks if not next days already. But this kind of hopium & buying feels really refreshing. What are your thoughts? Just whales feeling more confident to throw some money into alts or is it yet another short-lived bull trap? +Hey guys and girls, + +I did some fundamental analysis on Tesla and I came to the conclusion that around 1000$ can be justified. + +Tesla is at 1600$ now. + +IMHO we are entering bubble territory. + +What is your guys's and girls's opinion? + +Disclaimer: This is NOT financial advice. I'm no licensed financial advisor. Please consult one first before investing in the stock market. + +I am Long $TSLA. +UPDATE: First, thank you to everyone who commented here; apologies for not responding to all--I'm floored by the thoughtfulness in most responses. + +He bought a truck after all. A 2008 F-250 diesel with 50K miles for $30K. 4WD, leather, one owner. He put 30% down and got an excellent rate for the rest. He's also committed to making this a 10-year vehicle. Is this face-punch worthy and totally non-FIRE? Yes. Did we have some very constructive conversations and make some compromises on the way? Yes. I'm sure this gives most people here major heartburn, so mock away if you must :) Overall, I'm happy. And he's had an ear-to-ear grin for 48 hours. + +---------------------------------------------------------------------------------------------------------- + +Hi all. Long time lurker, first time poster. + +First, some background: I'm 29, bf is 28, dating for 2 years. I've been working toward FI for about 1.5 years. My bf is a naturally spendy person who doesn't mind taking on debt for things he wants and doesn't like to plan expenses or budgets in advance; I'm the opposite. However, I introduced him to the idea of RE about 6 months ago, and he agrees its something he wants to pursue (he has a high stress blue collar job) and he gets really excited talking about what we'll do together once we 'retire'. He increased his 401k contribution and began tracking expenses in Mint after we talked, and I was so proud. I've noticed he's also tending to make slightly more frugal decisions in day to day life, whereas his old attitude was 'always buy the nicest version of x thing, because why not?'. Its been a slow process so far, and I'm okay with that. I'm trying very hard to share things at a pace that works for him. My hope is that he slowly comes around based on his own thinking and experiences; I'll lead by example for now and keep showing him my numbers steadily rise. + +My concern is that this weekend he may be about to make a decision that will negate the progress we've made to date. + +BF is participating in the VW buyback program, and turning his car in today. On one hand, this is fantastic, he owed something like $19K on it and they're paying that off plus putting another couple grand in his pocket. On the other hand, he has his heart set on a fancy truck....like a $40K fancy truck that HAS to have 4WD, leather seats, full cab, etc.. He's talked about this for a year now, so I know its something he really wants. I've brought up the fact that we live in a suburb in the south, don't need 4WD, don't have plans to do major remodels or farming activities (at least not until after RE), the opportunity cost of high monthly payments, the fact that his credit score will probably mean a more costly interest rate, etc. and the best we've managed is to occasionally get him thinking about a $35K price tag instead of $40K. + +Edit: he's considering used trucks, not new. + +I want him to have the things that make him happy, and I don't want to fight this plan so hard that it turns him off of frugality/RE/FI entirely, but I'm sure we could look at something like a $25-30K used truck with one or two fewer bells and whistles, and after the first week of owning it, his happiness level will be the same. That would keep his payments similar to what they are now, and give him enough breathing room to consider ramping up his savings. + +So, any words of wisdom on how to handle this situation? What level of pressure makes sense now that we're so close to the purchase? Is worrying now too little too late? If this truly makes him happy, should I just let it be? + +I'm going into the dealerships with him when he buys it, so any advice on truck-buying would also be welcome! +Most of the people on this sub are newer and haven't been tested by a major prolonged dip in bitcoin. Keep in mind that last time bitcoin had a meteoric rise like its had this year was it 2013 when it went from < 100 to > 1000. After that it crashed about 80% and took years to reach a new all time high. + +Only a few of the HODLers survived that decline, and as we celebrate a new ATH we should be mindful that the market may fluctuate and that we'll need to be strong in the days to come. + +edit: had the dates on the duration of the crash wrong, thanks commentators +I am guessing that many of the members of this sub, including myself, are not quite fatFIRE yet, but are just here for advise, or inspiration. I am curious to see where those that are actually fatFIRE are from, or more specifically, where they made their fortunes. + +Thank you for the great content and debate. I find great value in this sub 🙏 + +EDIT. I just noticed I was not very specific in my question. I actually meant where in the world you made your fortune. +Let's talk about F.U. money. What amount does the community consider this to be at 30 years old in the U.S.? + +I understand someone can purchase a $3M Bugatti, $65M G6 jet or $75M mansion in Miami, but let's exclude these large outlier purchases for example's sake. + +How much on average across cities like NYC, SF, Boston, DC, Austin, Atlanta do we consider F.U. money to be at 30? $10M, $30M, $50M, $100M+? +Late 20s, I just want to say I’m so glad I found this subreddit. I became a millionaire due to windfall and over the last few years have grown my portfolio. My goal is eventually hit the $10M NW. + +Now, they say money does not change you but only reveals who you already are. I’ve never been a big spender and showy person, so having money actually made me even MORE so. My family and friends dont know my true net worth, I keep it to myself. + +Now, the flip side is over the years I’ve started to feel lonelier as my portfolio grew... not in the social sense, but in the “am I doing this right? At what point should I pursue a different investment/asset management strategy than the nonNW cases? Asset protection? Insurance? Should I talk to a lawyer or accountant? Can I take on more risk? I’m I stingy with it all?” And it’s very easily to find information to FIRE, but not FatFIRE ($3M+) + + I’m so glad I came across this subreddit and are seeing similar sentiments that I’ve felt on my journey but questioned whether was normal over the years. Stuff like keeping my financial status to myself, worried about losing it all, being more paranoid, being more private, feeling like I’ve got no friend or family in the same mindset. All these things! Wow! + +I’m interested in seeing what are some other things people do differently now they are HN. It can be particular asset management or protection strategies. Or maybe how you raise your kids or interact with family/friends (ex keep it secret). Or maybe New attitude at work. Or perhaps New headaches now you’ve made it (fear, paranoia). It’s pretty general, but I’d love to get more food for the brain from people in similar financial situations. + +Thank you! + + +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +Firstly, I take my actions as a learning experience and it exposed a lot about myself. Fear drove me to sell. Laid-off from work and now I know I've been investing more than I could emotionally afford to lose. I feel 100 times better. Hindsight is a bitch. Please no condescending comments. + +edit: any solid advice on what I should do after selling? +Why is it that some places sting you $15 for a schooey while others just $5. Some go on about the beer tax, but it only makes up around $1 per schooner. + +[https://www.news.com.au/finance/money/tax/beer-drinkers-could-soon-pay-up-to-10-for-schooner-amid-massive-tax-hike/news-story/1d845d22c2bf606b8e61208148ac63b6](https://www.news.com.au/finance/money/tax/beer-drinkers-could-soon-pay-up-to-10-for-schooner-amid-massive-tax-hike/news-story/1d845d22c2bf606b8e61208148ac63b6) +Afterpay has halved its annual net loss to $19.8m, in a year where heavy investment in geographical expansion saw active customers more than double. + +The payments group’s underlying sales revenue of $11.1bn lifted by more than 100 per cent year-on-year, up from $5.2bn in 2019. + +Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 73 per cent rise to $44.4m. + +Shares in the company pushed a fresh record high on opening, touching as much as $95.97, before settling at $93.44, up 3 per cent. The share rally gives Afterpay a market capitalisation of more than $26bn. At the depths of the coronavirus crisis Afterpay was trading at just $8.90. + +Active customers at June 30 grew to 9.9 million, from 4.6 million in the prior year. + +The result came as Afterpay worked to expand its foothold in the US and UK, and prepared for launches in the Canadian and European markets. + +Afterpay also confirmed a widely expected push into Asia, announcing it would acquire Indonesian BNPL provider EmpatKali as part of “initial steps to explore select opportunities in Asian markets”. + +Underlying sales revenue from the US and UK contributed 41 per cent of the group’s total in the year, up from 19 per cent the year prior. + +The buy now, pay later operator said it had been a “net beneficiary” of the impact of COVID-19, as consumers shifted towards online spending and away from traditional forms of credit, but emphasised uncertainty around the pandemic’s impact on global growth. + +Afterpay shares last traded at $90.72 each, more than double their highs around $39.44 hit prior to the sharemarket’s collapse in March. + +The fintech is now worth about $800m more than Coles, Woodside Petroleum, and Qantas. + +“We are the verb and our own category,” Afterpay said in its results presentation. “The traditional credit industry needs the consumer to lose for them to win, they survive by charging interest and pushing consumers into revolving debt. We trust in the next generation and reward people spending responsibly. We see the world differently.” + +The company added its risk model had been ‘tested’ in response to COVID-19, and its effectiveness proven. + +The results come ahead of an expected ASIC report into Australia’s buy now, pay later sector this month, and potential fresh regulation. + +“We responded to regular ASIC requests for information during COVID-19 as it monitors markets including buy now pay later,” Afterpay said. + +“Afterpay has consistently maintained significantly lower loss rates than our peers, as well as traditional credit products, who employ credit checks to recover debts, price credit, and potentially impact customers’ credit scores and ability to borrow. We welcome regulation that is based on delivering positive outcomes.” + +https://www.theaustralian.com.au/business/technology/afterpay-halves-losses-as-customer-numbers-double/news-story/92a35a359b2d8624354c3267e411b815 +I noticed recently that VDHG has passed $1B in funds under management (now around $1.3B), and wanted to look at its growth trajectory since its inception almost four years ago. For comparison, I also had a look at its newer competitor DHHF, which is sitting at around $90M in FUM. + +VDHG's FUM has grown very steadily at around 8% MoM, while DHHF has recently been growing at a high rate after a slow first year. + +My optimistic side hopes that VDHG's growing FUM will allow them to drop the MER as they've done for other funds in the past, given lower fixed costs per unit. + +[Fund size by age for VDHG and DHHF](https://preview.redd.it/e9krimxs6mn71.png?width=1280&format=png&auto=webp&s=13b38b32021fe7407b85cdd1ea47c3b27ad571a8) + +[Fund inflows by age for VDHG and DHHF](https://preview.redd.it/w8e0cxkv6mn71.png?width=1280&format=png&auto=webp&s=25b8780bf36401edda3ed16171c300dedecc61e2) + +***Notes on the charts*** + +*To calculate FUM for each end of month, I multiplied the EoM units on issue by the EoM unit price for each fund.* + +*To calculate the monthly inflows, I multiplied the monthly growth in units on issue by the average unit price during the relevant month.* +What is a bust out? + +In a bust-out scheme, the identity and credit line of a business are used to obtain loans and goods with no intention of repayment. In some instances, businesses are created for this sole purpose; in others, legitimate businesses are acquired and used for the fraud. + +(www.computerworld.com/article/2535189/opinion--bust-out-schemes-are-a-fraud-designed-to-make-you-go-bust.html) + +&#x200B; + +https://preview.redd.it/vdmn9ebpxqe71.jpg?width=800&format=pjpg&auto=webp&s=905e82e9e9d977b28e4cb9442c38e0f8177f851d + +[https://youtu.be/reiq4lEvnEw](https://youtu.be/reiq4lEvnEw) + +In this post I will go over what I believe is a scheme set out by Amazon to capture and kill companies for market share. The scheme involves Amazon identifying a target, and with the help of it’s gang members, Citadel and Bain Capital, it Busts Out the target using it to capture and kill other competitors in the process. + +In this story I will be talking about Citadel, Amazon and Bain Capital, but you could easily substitute any MM for Citadel, any company for Amazon (MSFT, NFLX, etc) and any Private Equity Firm for Bain (Apollo). I am simply using these 3 because they were the parties I have looked at. I guess you could say if you go looking for shit in a sewer, you're gonna find it, and the Finance and business world seems to be a pretty big sewer. + +In the beginning Amazon acquired the competition Legitimately: + +&#x200B; + +https://preview.redd.it/mu6hv7frxqe71.jpg?width=500&format=pjpg&auto=webp&s=01f5f3a42915acfcf31a511fbb7e69cbdd077679 + +Amazon has been known for capturing market share of just about every sector of the retail space, and now has its eyes set on movies, and maybe at one point even wanted to get into the gaming sector. + +Amazon started relatively small, and set its sights on an easy target: Books. + +But, Bezos wasn’t actually interested in just books, he wanted to create a company that was so big and so dependent on retailers that retailers were dependent on it. + +Well in the early 2000s, around the time amazon was becoming known for selling a little more than just books, it also sold toys for Toys R Us and had a few other things on the site, Amazon wanted to branch out further. + +There were other companies that were already successful in the ecommerce world, so instead of starting from the ground up, and taking down their competition, amazon simply acquired the competition. + +Some notable acquisitions include Quidsi, and Zappos. + +**Quidsi** + +&#x200B; + +https://preview.redd.it/sxo777lsxqe71.png?width=200&format=png&auto=webp&s=38f8bc4987aa12803153136cd4719e2f767feebf + +Quidsi was an awesome adversary, they had domains and successful businesses such as Diapers.com, YOYO.com and Wag.com. The acquisition of this one company cost amazon $545Million in 2010, it wasn’t cheap, but it was easier, and likely cheaper than taking on their competition head on. + +Diapers.com was a growing and successful online retailer of all things babies related and even had the first army of warehouse robots, the same robots used by Amazon today (KIVA) + +YOYO.com was a toy ecommerce company, acquiring these guys helped Amazon capture part of the toy market, especially after Toys R Us nuked their deal with Amazon. + +&#x200B; + +https://preview.redd.it/s661o9qtxqe71.jpg?width=311&format=pjpg&auto=webp&s=61b2af80b382b6ef87f87cfb3e2f566d5af2792b + +WAG.com is a super interesting company here...WAG was/is a pet goods supplier. Do you know any online pet goods suppliers? Huh… + +**Zappos** + +&#x200B; + +https://preview.redd.it/ska7cuxuxqe71.png?width=200&format=png&auto=webp&s=82d56aeebcfe32ed73c686207d49faed47cb032c + +In 2009 Amazon acquired Zappos for $1.2B, again not cheap. And to add further injury to insult, amazon couldn’t kill Zappos because the deal left the CEO of Zappos in place and allowed it to operate independently. Take a look for yourself: [https://www.zappos.com/](https://www.zappos.com/) + +[https://www.inc.com/magazine/20100601/why-i-sold-zappos.html](https://www.inc.com/magazine/20100601/why-i-sold-zappos.html) + +Well fuck, if that doesn’t piss off Bezos… + +Acquisitions are effective ways to capture businesses and get their market share. The advantage was multifold, you get a new business, a group of customers and you take out some of the competition. While this process can be quick, it can be VERY expensive. + +Ok, shifting gears a little, let’s take a look at another company; Bain Capital. + +&#x200B; + +Bain capital was started and run by a little known figure, Mitt Romney. Heard of him? If you haven’t here is an excerpt from an article written by The Rolling Stone when Romney ran for President back in 2012 + +https://preview.redd.it/7dgq4fvwxqe71.png?width=547&format=png&auto=webp&s=d7aa8f5740c4b6f529a1f2c4f5ec85f0c582f00e + +Mitt Romney: + +“And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a “turnaround specialist,” a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don’t know is the way Mitt Romney *actually* made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America’s top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.” + +“Instead of building new companies from the ground up, we took out massive bank loans and used them to acquire existing firms, liquidating every asset in sight and leaving the target companies holding the note” + +[https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/](https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/) + +Huh...Kinda sounds like a bust out...SHIT that *IS* a bust out! + +&#x200B; + +https://preview.redd.it/c0ypi7byxqe71.jpg?width=700&format=pjpg&auto=webp&s=e50c7af8891a6bc93942d406153b5e1f117184b5 + +Romney started off with good intentions, buying failing businesses and turning them around, notably Staples. + +&#x200B; + +https://preview.redd.it/8hge4pezxqe71.jpg?width=2220&format=pjpg&auto=webp&s=ad916bd594d8ff133f9d04ae376104a903634e37 + +But Mitt liked to make money, and he soon discovered a new way to make it. A less honest, but faster and more lucrative way. Bain Capital would acquire failing businesses then bust them out. Infact, Bain would use the business itself as collateral for the loan to buy the business, ya, use the business’ own credit to buy the business. This process is known as a Leveraged Buy Out (LBO) + +Once Bain had control of the business, often they would install their own board members and executives, they would then distribute massive bonuses to executives that the failing business could not afford. Sometimes, Bain would use the business’ credit to purchase competitors, as they did with Toys R Us and FAO Schwarz, but we will get to that in a bit. + +Quick example: + +&#x200B; + +[Bain Had it out for toy companies for some reason](https://preview.redd.it/m6tyk521yqe71.jpg?width=416&format=pjpg&auto=webp&s=30ffae76021ba1924ac746b87f2b7ce314752db9) + +Bain Capital acquired KB Toys in 2002 through a Leveraged Buy Out (LBO) under the guise of turning the company around, but this was just a front for their real intentions, you guessed it, a bust out. As soon as Bain had control of the company they issued massive bonuses to executives, bleeding the company of its cash. This would go on until the business declared bankruptcy, KB Toys filed for chapter 11 in 2004, 2 years after Bain came in to “Turn around” KB toys. + +“In February 2005, KB Toys' creditors, including [Hasbro](https://en.wikipedia.org/wiki/Hasbro) and [Lego](https://en.wikipedia.org/wiki/Lego), accused the company's top executives and majority shareholders of improperly providing themselves with multimillion-dollar payments prior to the bankruptcy.” [https://en.wikipedia.org/wiki/KB\_Toys](https://en.wikipedia.org/wiki/KB_Toys) + +Bain Lost control of KB toys during bankruptcy proceedings in august 2005, but the damage was done, and Bain walked away with some money, and some lessons learned. + +**Putting Geoffrey out on the street:** + +&#x200B; + +https://preview.redd.it/quu63ef2yqe71.jpg?width=618&format=pjpg&auto=webp&s=9c45b7321f6d0555c39987537b7968824c360b80 + +Very soon after the lessons learned from KB Toys, Bain went after Toys R Us with KKR and Vornado capital in 2005 by means of LBO...this time with a sharper knowledge of how to bust out the company, and maybe help out newly acquired friends. + +When Bain et al. took over TRU they had a debt load of $1.86B, but for a company of TRU size, that was not unusual. Immediately after the Bain et al. acquisition that debt ballooned to $5B requiring 97% of TRU profits to service the interest on that debt. (Bloomberg) + +Debt made the company, with $11.2B in sales, less nimble and able to navigate the business and finance world. + +[https://www.theatlantic.com/magazine/archive/2018/07/toys-r-us-bankruptcy-private-equity/561758/](https://www.theatlantic.com/magazine/archive/2018/07/toys-r-us-bankruptcy-private-equity/561758/) + +&#x200B; + +https://preview.redd.it/6r6p2icqyqe71.png?width=1110&format=png&auto=webp&s=c11c1767af222158031a1d0167d8808a56b0be28 + +While Bain Capital controlled Toys R Us, TRU acquired FAO Schwarz in 2006. TRU also bought Amazon’s main competition in the toys ecommerce sector etoys.com and [toys.com](https://toys.com/), along with a few other websites babyuniverse.com and the resource site ePregnancy.com in 2009. [https://en.wikipedia.org/wiki/Toys\_%22R%22\_Us](https://en.wikipedia.org/wiki/Toys_%22R%22_Us) + +When TRU was fully busted out and tapped out for cash and usefulness it was liquidated and its parts sold off. It was the end of the massive toy retailer in the US and UK, and the demise of all major toy specific retailers both in brick and mortar and online. + +&#x200B; + +[These companies couldn't care less about the Communities and the people they hurt when these schemes are implemented](https://preview.redd.it/o83lghptyqe71.jpg?width=618&format=pjpg&auto=webp&s=35cb283637324044775436eb4274b68c195c47fe) + +So who benefits the most from this? Retailers such as WalMart, Target, and of course, Amazon. + +**Papa's got a brand new Bag!** + +&#x200B; + +https://preview.redd.it/ekgtnn7eyqe71.jpg?width=960&format=pjpg&auto=webp&s=8c2f9d05ddc90bea2a0b0929d6a11aef5841baad + +This is where I believe amazon discovered a new, cheaper and far more effective way to kill its competition. Upto this point, Amazon had been buying up and swallowing their competition. This was effective, but VERY expensive. + +What if, and hear me out, what if Amazon could use a company like Bain capital to do a take over of the company that had a massive market share that Amazon would like to capture, then have Bain capital busts out that company, using said company to buy up any and all competitors both online and traditional retail then declare the company bankrupt taking down all the competition with it? + +But there is a problem...how do you get Bain Capital to take over a publicly traded company? Hostile takeover? Sure, but that would be EXPENSIVE. Buying all the stock ATM would not only be costly but may also backfire when shareholders refuse to sell. + +Well, what if you could lower the share price in some way that it made it possible to take over the company. How could this be done? + +As we all know, short selling on it’s own can’t really affect the price of a share, but it benefits when the share price declines. Well, what if you’re not truly interested in shorting a company to make money off share price decline. There must be a way to lower a companies share price by increasing the supply of shares on the market...Share dilution? + +&#x200B; + +https://preview.redd.it/h1mh60efyqe71.jpg?width=1024&format=pjpg&auto=webp&s=f9f0f4355be2aba91a978a1b2d3a3ada8227cb8f + +Amazon, and Bain capital are not capable of diluting shares of any company they do not control, so how could they do this to the competition? They need a partner, someone who has access to a share printing machine...but who do we know who has access to one of those? + +**Enter Citadel** + +&#x200B; + +https://preview.redd.it/z99orwzgyqe71.png?width=346&format=png&auto=webp&s=b2847d2d4ac569ea26e78fbbb2eb739d7c11ad32 + +Citadel can create and sell fake shares, driving the share price of a targeted company to the point of either being delisted, or bankrupt, or both. When this happens, Citadel keeps all the money it makes from the short sale, never having to cover their shorts. I think by now you all understand how this works, so I'll leave it there. + +**The Gang Members:** + +&#x200B; + +https://preview.redd.it/ppalxr5iyqe71.png?width=225&format=png&auto=webp&s=681a02b35a3f5754b96557cb41a86803d33d5a2e + +Amazon (The Leader) + +Citadel (The Dealer) + +Bain Capital (The Butcher) + +Washington Post and Motley Fool (The Liars) + +**But now they need a plan:** + +&#x200B; + +https://preview.redd.it/1v7x1c6jyqe71.jpg?width=960&format=pjpg&auto=webp&s=7e4fc5868bcbd421747c018f3ecfcd29be4a72ef + +The Plan + +1. Identify a target **(The Leader)** +2. Install or acquire **inside man** on the board of the company, maybe CEO/CFO +3. Spread rumors about the target though the media **(The Liars)** +4. Create a class action lawsuit against the company +5. Fire up the printers and flood the market with fake shares of the company driving share price through the floor. **(The Dealer)** +6. Company either declares bankruptcy or is delisted from exchange +7. Perform a leveraged buyout of the company, busts it out, acquires other competition to capture and kill, then when the company is so saddled with debt it can no longer stand, kill the company and let the wolves feed off the carcass. **(The Butcher)** + +Job done, Amazon kills its competition, Bain capital makes a pile while busting out the company, and Citadel keeps all the money it made selling fake shares. + +It’s a perfect, foolproof plan, until it’s not. + +Enter GameStop and the Apes. RUH ROH...You know the rest of the story up to this point. + +&#x200B; + +https://preview.redd.it/9ma90tikyqe71.jpg?width=1600&format=pjpg&auto=webp&s=726f009b947c36180bebc4ac65359a74356505dd + +Seems to me the only band member who is going to come out of this unscathed is Bain Capital, they get to slip through the back door leaving the rest of the band holding the bags. + +So what’s my conclusion? I think Citadel is just part of the machine. I believe MASSIVE companies like Amazon, Microsoft, Netflix and others have been using this scheme since the financial crisis of 2008 to capture and kill their competition. I believe there are many moving parts in the plans, and Citadel/Kenny is just a footsoldier, **not** the mastermind. + +There may be a bigger Bowser at the end of this world than we expected, kenny may just be a Hammer Bro. + +&#x200B; + +https://preview.redd.it/hyhp3zllyqe71.jpg?width=650&format=pjpg&auto=webp&s=9f7bc69325422435eb961b9ed8a2d06909a26620 + +As a side note, there was talk earlier this week about AA and his connection to SHF. I think this guy got stuck between 2 worlds. He may have been installed by the gang in an attempt to bust out the company (fits well with MGM purchase). But Apes got involved and now he’s stuck between getting caught as an inside man for the SHF and actually having to be a good CEO. I believe he may be in self preservation mode, and has decided to jump to the winning team’s side. + +**Edit:** I'm just going to leave this here: [https://www.thestreet.com/investing/amc-gets-lift-on-revived-amazon-acquisition-rumor](https://www.thestreet.com/investing/amc-gets-lift-on-revived-amazon-acquisition-rumor) + +Oh, and there is a complimentary story by The Fool saying there is no merger... + +This was an accidental find + +**Edit 2:** + +Bain capital explained by Tony Soprano + +[https://youtu.be/reiq4lEvnEw](https://youtu.be/reiq4lEvnEw) + +This explains what Bain does VERY well + +Thank you to u/[AceoFiSpades](https://www.reddit.com/user/AceoFiSpades/) + +&#x200B; + +**Author's note:** This is a direct repost from a DD I wrote about 2 months ago, before the MILLIONS of share's hidden in offshore puts was discovered, before the connection between Stevie and Blackstone was discovered, before the Assturdnot went to space. A lot has changed since this was written, and a follow-up is likely due. Don't get fixated on the names in this post, but pay attention to the ideas and the methods. You could easily substitute blackstone for bain, and put GS in with 72 and Shittyhell. + +please discuss your ideas, and think freely, cause you know the perpetrators of this massive fraud have thought VERY creatively to come up with these schemes. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +I'm going to post this again and again each week. +This 10 million floor sentiment is nice but we all really have to wrap our heads around this. + +If you hodl this really does have the ability to get into the billions. + +UNLIMITED LOSSES- THEY KNEW THIS AND WHY THEY CONTINUE TO FIGHT TOOTH AND NAIL. + +THEIR EXPOSURE IS UNLIMITED. +I know this sounds ridiculous but you all need to wrap your heads around that. +Title. No way to get through to their call centre handling refunds for cancelled flights. I think just doing a credit card chargeback would be the easiest option, am I right about that? +Up until a few years ago, I earnt £24,000 a year, and I was good at budgeting with that income. I basically just saved everything other than my fairly modest expenses, until I bought a house with my girlfriend, at which point I found out about S&S ISAs since I had no tangible goals, and began sticking anything left over each month in there (normally about £200). + +However, in the last few years, my salary has increased quite a lot. My base salary is still £24,000, but my overall compensation due to my bonus was £64,000 two years ago, £93,000 last year, and will likely be £130-140,000 this year. + +I recently got in touch with an accountant because I will have to do a self assessment tax return for the first time this tax year, and claim back additional rate tax relief on my SIPP - but is there anything else I should be doing or anyone else I should be talking to? I have maxed out my S&S ISA for the last 3 years (including this one) since my income increased, and I recently contributed to a SIPP for the first time (£5,000). Suspect the accountant may recommend putting more into a SIPP once we sit down & talk. + +I don’t have a problem paying my fair share of tax, just wanted to check I’m not doing anything stupid… or stupidly not doing something that I ought to. Recently became aware of the 60% ‘tax trap’, among other things, and have gone from feeling like someone who was quite savvy/good with money on a medium-low income, to someone who is fairly clueless where I am now. + +I don’t expect my salary increases to continue in a linear fashion, this could be the peak, and I initially didn’t want to post this in case it was seen as a brag post but I saw a guy on here last week who earnt £650,000 and suddenly I seemed pretty small fry, so hopefully this is okay. +I’ve been working really hard to put money away into my personal savings. I also have a car account (to pay my lump sum of finance off and petrol/repairs) and a save to buy. + +Thing is, every month after saving away what I dedicate every month, I feel really skint and hard done by. Friends will be doing holidays and treating themselves and I seem to just be bobbing along because I’m saving so much. + + +When I need the money from personal for whatever reason, like a holiday that I couldn’t afford out of my current account, I just feel horrendously guilty, and end up putting it back and more the next month. + +Really, that account is to be used as I like, does anyone have any ideas about how to feel less guilty about spending savings? + +Thanks, hopefully this is the right sub! + +Edit to add I’m also about to start another house saving account because save to buy is quite limiting. I just want a nice house :( +Here is the situation. Both my partner and I (civil partnered) are self employed. We are in late 30s/early 40s. We have a household income of around £35-40,000 pa. The pandemic hit us but as it stands, things are slowly improving, income wise. We are child free and have very low lifestyle expenses (e.g. we have had three holidays within the UK in the last 10 years) and are relatively frugal. + +We have a small home (which we love) with 60K left on the mortgage and we have a small amount of student loans (less than 15K) which we rarely end up paying on (due to low income) but it gets interest. Other than that, no debt (we have one second hand car that is doing great). + +At the moment we have a tiny amount in a pension (under 10K) and we have an ISA investment we pay into which stands at about 45K and is earning good interest at the mo. We also have an emergency fund of around 6 months expenses (we are self employed so this is WISE). + +A close relative died last week\*. Other than a little charity inc. the care home, we are his only beneficiaries. Because we were helping oversee his expenses and we discussed his will before he passed, I know roughly how much we are set to inherit. In his investments he had roughly £550K and he had a retirement property (which will be an arse to sell) worth approx £200K. We won't likely sort out the probate until the new year. + +My partner and I plan to take the next steps very slowly so we don't completely muck this up. + +Obviously we need to work out how much is going to be eaten by the taxman, but even after 40%, that leaves us with more money than we have ever seen before. + +Our rough plan is to pay off our mortgage and max out the investment ISA. + +We have a nephew who is 4 (other side of the family) and think it would be wise to put some money aside for his university but his parents are TERRIBLE with money. What is the best way to do this? + +Assuming my facts are correct... **what would YOU do?** What percentage should we share/donate? Should we consider buying investment property? Should we bother paying off the student loan? + +We are keeping it all very close to our chests (hence anon reddit post), the other side of the family had no idea about him, and the side he is on, is older and settled and wouldn't be expecting any inheritance. All they know is he had a little flat in a retirement place - so maybe we should share the sale of that with them (if it ever gets sold - retirement properties are a nightmare I hear). + +**TLDR: We are a couple inheriting approx £700K. We have 60K left on mortgage and 15K student loans. Self employed, Child free and low(ish) income of £40k pa. Little stashed in retirement. What are our best moves?** + +*\*a sweet man. It is a real shame you didn't get a chance to meet him. Kept himself to himself, played guitar and loved animals. The big joke will be when I discover next week he changed the will at the last minute and left it all to a cats home! Sort of joke he would pull. (If this is the case, we will be fine, it was HIS money, not ours).* +So an in-house recruiter for a company sent me a message on LinkedIn, asking me if I would like to send a CV and come in for an interview. I asked if he could send me a job description and a salary range. He sent the job description but no salary range. I asked for the salary range, he said: + +> At the moment it is a bit too early in the hiring process to disclose the package. + +I therefore said that therefore I'm not interested to come in for the interview. He proceeded to tell me that: + +> Unfortunately, as per policy, prior to the receipt of a CV, a phone call, screening, reference checks and two rounds of interviews we cannot disclose the package however, we can disclose all details pertaining to the company, its activities, its leaders, etc. We believe our package exceeds the market rate, and is very generous indeed. The company, however, seeks candidates who are inspired by the technical challenges, the complexity of the position, the company's vision, to be part of an entity with one of the largest ***** in the world, to disrupt industries, and seeks to filter out candidates who are driven by monetary motivations. + +Does this make me the asshole for wanting for to know what they're willing to offer before wasting my time on interviews? + +Also, what's up with the whole "candidates who are driven by monetary motivations" nonsense? This is a for-profit company and the entire point of their existence is driven by monetary motivations. +To all new apes: Don't daytrade GME (as in selling today to buy again at a lower price later in the same day), because the possibility of a slight increase in the number of your shares is not worth the possibility of not being able to recover that position again, in case the price moves up drastically. + +This isn't a financial advice, however, ever since April, a drastic increase in price has happened more often than a drastic decrease in price. Just don't do it. The squeeze thesis is solid so just hold it and wait until the price is way beyond your imagination, and then wait some more when multiple trading halts happen in one day, and then you wait again some more. Personally, I think a drastic decrease in price is unlikely to ever happen again. + +So just remember: + +Step 1: Buy + +Step 2: DRS + +Step 3: Hold + +Back in January we were talking about $420 not being a mere meme. Now we're only just looking at it as too low a price. Now, think about the new "meme" prices around here and make what you will of that. +I’m in my early 30s and recently hit 1M. For the last decade I’ve saved money the traditional way. Living below my means, maxing out my 401k and Roth, and investing mostly in index funds. + +Now that I’ve hit 1M, I don’t plan to change my life style drastically but I’m willing to take more risks and curious of any strategies to hit 10M+ faster than just grinding away for the next decade (if these strategies exist). + +Going through a lot of these posts, it seems like startup IPOs are a common way to up the NW significantly. I’m curious if there’s any other strategies I’m overlooking. I hear mixed things on owning rental property (I’d prob want a management company rather than doing it myself). + +I’m currently making ~450k/year which is a lot, but still feels like a huge grind to get to say 10M from 1M. +What is the best personal finance book you've read that has greatly impacted your path to fatFIRE? + +I'm looking for a gift for my husband who is 1. hard to buy for 2. wants to fatFire in the next 10 years. + +&#x200B; + +&#x200B; +I'm in a bit of a dilemma and would like the forum's wisdom. + +I'm currently a senior-ish person in Big Tech with a total compensation of \~$2M/yr and NW of \~$20M. The NW is accumulated from high pay for many years, quick promotions, investing (not GME!) and from being an early employee. + +I have the following options: + +1. Continue striving for more senior roles in existing company: The pay for the next promotion would increase from \~$2M to \~2.5M (25% more). The public title remains the same for the next promotion but the internal grading increases + 1. This needs a bunch of office politicking, likely increases stress and may need to spend 2x the time. +2. Rest and vest in current job: I can easily "do well" in the current role and continue earning \~2M/yr with a good degree of certainty + 1. The downside of this is my status in the company is diminished when peers / former reports get promoted over me to higher levels. + 2. This is an internal mental struggle to let go of wanting to get promoted +3. Quit and start company: My long-term dream is to start my own tech company with a set of founders that I get along well with. I'm well versed in building successful products to give this a fair shot. +4. Go into VC: Another option is to join a VC firm as a GP + 1. Can work part-time + 2. I love analyzing tech companies and investing + 3. Can use VC connections to invest own money + 4. Build network in the startup world + +The all-in yearly expenses are around $150k-200k +My wife and I expect that some time, a ways down the road, we'll be subject to estate tax, so we've been maxing out the annual gift tax exemption for our kids (now 4 and 7) since they were born. To date, we've just done this with 529s, but the 529s are starting to get big enough where it doesn't necessarily make sense to continue contributions. + +So, if continuing to contribute to 529s doesn't make sense, but we're still in a kind of default mindset of "well, we have a $60k annual exemption here, we should probably use it" (2 adults x 2 kids x $15k), what are the next things we should be looking at? + +And, yes, I know this is really a question for a qualified estate planner, but I've found the most effective way to work with many financial professionals is to first tap the reddit hive-mind for ideas. +It seems like the shares shoot up to the buyout price and drift around at that level until the sale is completed. But I can't imagine there's a big demand for the shares. Is there somebody that steps in to buy them? Or maybe since the price is almost guaranteed there are people willing to buy them at a small discount to the buyout price? + +Also what happens to the option? Especially if you have ones that aren't in the money. +It takes a while to really appreciate the worthlessness of hindsight in both investing and trading. + +The lessons of trading can be taught in an afternoon (similar to poker), but you won't understand them until you have been there and had those same lessons emotionally impact you while dealing in real money (similar to poker). Deep down, many of us wish we will one day make the 'brilliant idiot' play of someone who buys something about to hit a tipping point and then hold it until the mania is in full swing, when we finally sell to absolutely ludicrous returns on our investment (+xx,xxx%). + +This will probably never happen, and those who are disciplined investors know that such fantasies are actually just traps in the way of actually acquiring real wealth slowly and steadily. **Very few people get rich this way, but a lot of people get broke quickly by trying.** + +However, assuming that you have your responsible investments covered, and you are using purely play money, I want to talk about the psychology involved in such an ordeal. For ease of example, let's assume we have tulips that a few years ago were available for pennies, and now are trading for over a thousand dollars apiece (but by all means, feel free to cite specific examples you have seen/experienced). + +For example, you would have to buy your tulip when either: +---------------------- + +**a.)** It was worthless and everyone was mocking you for your poor investment decisions (*'really? enjoy losing your money'*). Using the latest tulips as an example, this would correspond to buying into any price from 1 cent to 10 dollars. + +**b.)** it had just begun it's meteoric ascent. You wouldn't make absurd returns, just ridiculous ones. This would correspond to recognizing an early pattern of potential explosive growth and jumping on the bandwagon early. This would correspond to buying tulips at prices from $10 to $100. + +**But buying is just the beginning**. Then you have to **hold**. You have to hold through new high after new high. You have to sit and listen to every voice of reason telling you that your 'investment' is overvalued and about to crash at any given moment. + +And *worse*, you probably actually have to endure at least one or two actual value crashes during the ascent. The psychological pressure becomes even worse at this point because now all the naysayers are *right* and you were (temporarily) an idiot for holding on for so long. + +You would have to hold through all of this insane pressure to sell, and the terrible guilt as you watched value plummet during crashes... all the way to the exponential high of $1,000+ a tulip. + +And then, after all of that stone-wall holding... you have to recognize when the actual high is near and sell. + +I would love to hear your best tulip stories, and to hear your emotions throughout. +------------------------- + +And to be clear, an exponential rise can happen in a period of a few months or an entire decade; the concept is the same, just stretched over a longer time period. This however, might affect the psychology involved. +Just curious where I should start, if I have 500 to 1000 bucks for an initial deposit. Is my best bet to just start making some naked calls? AAPL is pretty volatile... now that its below 100, maybe some $100 Feb Calls? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I see many people locking their money for 1,2 & 5y terms in saving accounts. Nothing wrong with it but wouldn’t it be the same to buy a government gilt for the same period, hold it to maturity and get the higher interest? +Just wanted to sprout a few words here to all newbs, but also veteran diamond hands. + +I don't know about you guys, but I'm still checking the price (maybe not daily, but every other day), and when it drops so hard like 15% yesterday, I still can't help but get a little anxious. +Did I make the right decision (yes I did), or am I dumb (yes I am). +At these times I come to the sub, to see all my fellow apes around the world who are still diamond handing and DRS-sing with me. And know I'm not alone. The sub may have gotten a little quieter sometimes, because I assume just like me, apes are just holding, waiting, waiting, waiting....💀 + +But trust the DD, and know at sometime the shorts have to close. + +And right when your anxiousness reaches the top.. Are we really going to $40 again? 😱 +The 🪑 RC mtrfckn Cohen tweets himself "Shorts are dumb" I'm holding no matter what, but sometimes its these lift me ups that really boosts the morale. + +Hang in there retards! See you on the moon! +As the title says this is actually the worst time for you to sell your alt coins for bitcoin. BTC has pumped almost 24% in the past week. Bitcoin dominance has jumped too, currently sitting at 42.62%. If we look at the past trends, when bitcoin makes a move, usually alts dump on their BTC pairs while maintaining the USD value or sometimes dumping on that pair too. Once Bitcoin is done moving, it stabilizes at a certain range and lets alts run. The first alt coin which usually moves is ETH and all the others follow it. So if you're thinking about selling your alts for BTC in hopes of catching a further 5% pump, think again. ALT/BTC pairs are currently bottoming and have way much more room to run. +Fellow apes, we are now long past the point whether MOASS will occur, and I am simply an X ape in this endeavor. However, MOASS will not be instantaneous and there will be many opportunities to sell for a tidy sum. As the title says, however, this fortune could be used to change the world- institutional change. It’s the kind of money that could build high-speed internet infrastructure across the country. It’s the kind of money that could kick start a green revolution. It’s the kind of money that scares the tyrants of the status quo. Build a better world, apes, and that starts by HODLing past $1m, even past $10m. Be the change you want to see in the world. +Long time Lurker here. I’m 23 working in finance and have had 2 huge mindset changes this week. + +1st: I have just crossed over my first 100k in net worth and with it comes a sense of peace. I feel myself soaring above the rat race and look around to see so many people/coworkers who only dream of being debt free. I feel so calm. + +2: I thought I was doing well saving around 50% of my income but I started seeing this girl who doesn’t make nearly as much as I do but saves by living frugally in a way that doesn’t seem like a chore. I realized because of this, I feel so much more inclined to go the extra step in saving more, be it by changing my own oil, taking up woodworking to create and repair household items, etc. It can be so fun finding ways to cut a little money here and there. We went on a date to Goodwill and dressed each other up in $10 outfits and went out on the town. Normal date costs:~$60-100.... This date: $20 + +Just wanted to share and contribute a bit. Would love to hear about all of your mindset changes and milestones be it financial or personal! +The New York Stock Exchange on Tuesday set a reference price of $45 for shares of U.S. gaming platform Roblox Corp on the eve of its public market debut, implying a market value for the company of around $30 billion. San Mateo, California-based Roblox is among the world's most popular gaming sites for children and offers a host of games across mobile devices and gaming consoles. The reference price is not an offering price to purchase shares but rather will be a performance benchmark for when Roblox's stock starts trading on the stock exchange on Wednesday. The opening public price will be determined by buy and sell orders collected by the NYSE from broker-dealers. Roblox has opted to go public through a direct listing rather than a traditional initial public offering (IPO). This means the company is not selling any shares in advance of its market debut, as is the case with IPOs. Direct listings are still relatively rare, though they are becoming increasingly popular way to go public amid criticism that investment banks underwriting IPOs underprice shares being sold to help create a first-day trading "pop" for the benefit of their big trading clients. Reuters reported last week that U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table through an IPO. Roblox said in January it had raised around $520 million in a new Series H private fundraising round in a deal which valued it at $29.5 billion, more than seven times the $4 billion the company was valued at in its Series G round 11 months earlier. U.S. demand for video games has surged as consumers seek home entertainment while living under lockdown measures to curb the spread of COVID-19. - Reuters + +**No link to post in this subreddit for some reason so I copied and pasted the article for anyone interested in $RBLX. + +***Update: Roblox Shares Indicated Between $67-$72 +- Reuters 3/10/2021, 11:04:16 AM + +***Update 2: Roblox Shares Indicated $64-$66 +- CNBC 3/10/2021, 12:38:17 PM + +Edit: deleted news article link. + +***Update 3: BRIEF - Roblox Class A Shares Open 43.3% Above Reference Price in NYSE Debut. OPEN AT $64.5 IN NYSE DEBUT - Reuters 3/10/2021, 1:35:54 PM $RBLX is now live and trading! + +Thank you to everyone that commented on this post today and for the awards. Congratulations to everyone that got in this rare DPO. God bless and keep you and yours! +I know thats easier said than done but you guys really need to relax for a bit. When im reading the daily some of you seem really stressed out and i think you should take your mind off crypto for a bit. + +Youre mental health is important and if youre getting stressed out because of "red days" "dips" etc you might have invested more than youre comfortable with and should consider taking out some of that money to alleviate some of that stress. + +It just hurts to see how it negatively impacts some (most) of you.. +I've been much more into FIRE than my wife has been, likely because I was raised a lot poor compared to how my wife was growing up. I'm a medical student, we have about 205k debt, and I still have about 6 years until I've finished school and residency making a decent income. My wife and I just maxed out our Roth IRA for the 2nd year now and we thought it was a good time to calculate how much of her salary we saved up over the last year. I was expecting her to save maybe 10-15% of her salary, but boy was I wrong. She makes about 60k a year and was able to save over 20k last year at a rate of about 32% into retirement saving! She is supporting me through school, sends her parents thousands of dollars a year to support their retirement, pays all the bills and vacations. It felt really good to know that while she may not be as obsessed as I am with the FIRE lifestyle, she still manages to save a really high amount while maintaining all her obligations. + +Hopefully when I get to residency we can push for 50% saving rate. + +Edit: Sheesh, some of these comments overly negative, don't know where it is coming from. To the people who don't understand and are reading too much into this. I am not being judgemental of my wife, I am saying that I am very proud of her. I am simply surprised that we have that much saved because it doesn't feel like it would be possible with the kind of spending I am not used to growing up. When I say she isn't into the FIRE life style I mean she buys a new car/better condo/Entertainment/clothing regularly, stuff I don't usually do because of my background. I'm pleasantly surprised to find that she is able to juggle all of this so well and save and am very proud of her. And I can't believe I have to explain this to people, but becoming a physician requires a lot of loans and going to a school which feels like 2 full time jobs and studying on top of that. And they don't really let very many people go to medical school for free. And you can't really become a doctor without a licence. + +I showed this post to my wife, she describes these comments as "toxic". It may be hard to comprehend, but marriage is about respect and trust with finance. I may not be contributing now, but she will support me until I make enough to support the both of us (She is "retiring" to freelance when I become an attending). And married people can disagree with how they spend money without being "judgemental", so stop reading between the lines what isn't there. +Brave just published their new user numbers for the month of July: + +&#x200B; + +Monthly Active Users: 59.58M + +Daily Active Users 19.35M (+0.8% HWM; 28-day mean: 18.9M) + +&#x200B; + +At the same time the numbers for the privacy-focused search engine were published as well: + +QPM: 429.3M (+5.8%) + +Annualized: 5.15B QPD Peak 7/25: 14.6M + +7-day mean: 13.6M 28-day mean: 13.9M + +&#x200B; + +&#x200B; + +The amount of BAT bought back on the open market by brave is as follows: + +https://preview.redd.it/67xan7qvigf91.jpg?width=1939&format=pjpg&auto=webp&s=51165ba12ec83b071c41a333b2a1b1c95f1cf504 + +Lower than the 2.5 Mio from June 2022 + +&#x200B; + +Overall the numbers are very good, and I am very bullish on BAT! +**Trade-related worries about growth are taking a toll on oil, could stocks be next?** + +Oil prices might be acting like a warning light when it comes to the stock market, which is trading near all-time highs despite growing concern over the U.S.-China tariff battle and rising global trade tensions. + +“Equity and corporate bonds in the U.S. have so far shrugged off the worrying signs for the global economy coming from lower oil prices. But we suspect that it won’t be long before slower global growth, including in the U.S., takes a toll on both,” said Simona Gambarini, markets economist at Capital Economics, in a Friday note. + + Oil, meanwhile, retreated, with West Texas Intermediate crude futures[**CLX19,** **-0.61%**](https://www.marketwatch.com/investing/future/clx19?mod=MW_story_quote) [**falling 1.7% over the past week**](https://www.marketwatch.com/story/oil-buoyed-by-drawdown-in-product-inventories-2019-10-18), dragging the U.S. benchmark lower on the month and leaving it more than 23% off its 2019 high and down nearly 30% from its October 2018 high above $76 a barrel. + +[https://www.marketwatch.com/story/why-stock-investors-shouldnt-ignore-this-warning-signal-from-the-oil-market-2019-10-19](https://www.marketwatch.com/story/why-stock-investors-shouldnt-ignore-this-warning-signal-from-the-oil-market-2019-10-19) +Not directly FI-related but interesting nonetheless. Some weeks a $100 goes further than others for me. You can definitely tell who in the video has no concept of monetary value (be it due to socialization with spending or pure ignorance). + +[Video](https://youtu.be/TaMxRqSHUTU) +So from 2008-2012 I was married to a gal who, how shall we say, liked to buy stuff we couldn't afford. She racked up 55k on my credit cards by raiding my safe and "borrowing" them. Then she cheated on me, hired an attorney, and I ended up being stuck paying 60k to her in alimony, and ended up with the 55k all stuck in my name. + +So here's what I did: + +1. I immediately sold everything I had that had any value that wasn't absolute necessity. I used Ebay and Craigslist. I found Craigslist better for common items, and Ebay much more useful for niche' products that don't necessarily have local markets. For example, I had a high end microphone preamp that I sold on Ebay. No one within 200 miles had any interest, but on Ebay it sold in 2 hours. You'll be surprised how much stuff you don't HAVE to own. A lot of things you might use a couple times a year, you can simply borrow from a friend or family. + +2. I cancelled every paid subscription I had for everything. Cable, internet, cell phone, silly internet subscriptions. Even the little one dollar a month stuff. It's amazing how fast they add up. + +3. No eating out. Ever. Shopped for groceries in bulk, cooked at home. Saved a good $50-100 a week. + +4. I attacked the highest interest stuff first. Citicard at 29.99% - buh bye. Worked my way down the list in order of interest rate. I called every single card and asked for a lower rate... begged actually. Almost all of them gave me a break - even if it was just for 6 or 12 months, it was a huge help. DO NOT consolidate or default unless you are just physically unable to make minimum payments. + +5. Worked on the side. Everyone is good at something. For me it's photography/videography. I started shooting weddings on the weekends. It was extremely tiring but a great way to add a few hundred a week in credit card payments over what my job could provide. I didn't pay for advertising - I used word of mouth and Craigslist. Not sure what you're good at, but whether it's programming, art, cooking... you can make some extra cash. + +6. I didn't buy anything. No new clothes, no new glasses, no beer :(. I didn't even buy stuff at Goodwill. Chances are you don't NEED anything - except possibly soap. Need internet? Libraries are free. Need TV? No you don't... :) + +7. I kept my eye on the goal. I kept a spreadsheet with all the balances and interest rates, and I watched the number go down. I probably looked at it every day, but at least every couple of days. Having the goal in front of me was the biggest motivator for me. It is like eating an elephant - just take one bite at a time. + +8. Reward yourself with free stuff. Don't give into the temptation to go splurge to celebrate a mini-goal. When you meet the big goal, you can save up for whatever you want... without those CC payments you'll be rolling in cash now that you've learned to live cheap. + +No matter how big a mountain you have, you can do it. Don't be a prisoner to debt! + +Now... what the heck am I going to do with all of this available credit? ;) + +Edit: Because being helpful is more important than bragging, and because grammar is important. + +Edit 2: thanks for the great feedback! And the gold. And for almost all being kind instead of being twats (post by a guy yesterday whose baby died got trolled - made me so mad. You guys rock. Also 55k + 60k is 115k. I'm an idiot. + +Edit 3: Damn, guys. This threat had blown up! Couple comments to address the most common questions. First, my wife's spending was about 6 months into the marriage and she racked up all that credit card debt in less than two months. As soon as I looked at the statements I called and put a stop to all the spending (had new cards sent, and changed my address to my work address). Second, there were plenty of red flags about her... my family and friends all hated her from day one, she always insisted on being pampered... I ignored them, because, well, I'm an idiot. Third, in my state, infidelity is not considered in divorces. Alimony is purely determined by who is the sole breadwinner. That was me, because she quit her job right after we married and never worked again. I'm happy to report she is now making minimum wage stocking shelves at Home Depot in Colorado Springs (she moved out of state). Four, I had a beautiful little baby girl with my new lady and we are now married. It all happened really fast and she's amazing (as is the baby). We did NOT get a prenup because I still subscribe to the "if I can't trust her I shouldn't marry her" philosophy in spite of myself. My new wife makes almost what I make so that takes a lot of the pressure off. Also, she is completely debt free herself, which is a good sign. +To both vets and baby apes alike, congratulations! There's no denying that today was difficult, but just remember that all they've managed to do by attacking this stock over and over is prove the MOASS thesis. This is a huge money sink, one that they can't afford, and there'd be no purpose to doing what they're doing unless they absolutely have to. + +Baby apes: you earned your diamond hands today. You can be proud of this, becuase there's a hell of a lot of paperhanders out there that didn't. I want you to know that when vets tell you about the crashes earlier this year, and how they were bigger, they're not doing that to minimize your experiences. Massive dips like these are stressful. It's okay to feel anxious and worried, but trust in the process, and results will follow. Know that for standing strong, you have my respect. + +Vets: business as usual, yeah? Props to Kenny, not only did he finally get us under the exponential floor today, but he probably triggered more buy orders during today than any other single day! + +They're sooooooo fucked. + +You didn't sell during the january crash. You didnt sell in March. You're not selling now, that's for goddamn sure. + +Keep fighting the good fight everyone. We are winning, and they win when they make you forget that. + +We can do this all day, we're too retarded to do anything different. +Just wanted to get some advice: + +Currently am getting a promotion at the end of the month which will put me around 90k with a 15% bonus and RSU's. I contribute 7% to 401k. I am currently paying 830 for rent with a roommate but want to get my own place. I live in Chicago. I am turning 27 next month. This place I applied to is 2200 in rent but with utilities and other expenses like internet comes out to 2400ish a month. I have no car and no debt. Rent would be my only expense. I feel guilty for getting such an expensive place but I work from home and it has beautiful amenities which would enhance my living experience in a great neighborhood. I have about 20k saved up. + +I have not signed the lease yet but the application is pre-approved and if I cancel I will lose $500 of the "administrative" application fee. + +Should I feel guilty for doing this for a year while I'm young and am I in a good financial place to be doing this? +Hi all, + +Yesterday around 5PM I noticed a letter in my office mail that stated I had claimed for unemployment insurance. Obviously this is fake as I am still working with my company, but they had my SSN and the correct amount of wages paid to me, but they had an old address I only used about 5 years ago. + +I immediately alerted my employer and they're going to call the DoL. I put credit freezes on all my accounts, changed all of my credit card and bank passwords, and I'm in the process of getting started with a password manager. I also created accounts with the IRS and the SSA so that I can get in front of someone trying to create an account in my name. + +I looked into it and there's really no way to report this outside of going to the DoL so I'm going to wait for my employer to call them and see what the next steps are. + +&#x200B; + +Is there anything else I should be doing? +The self proclaimed savior of DeFi and the crypto industry Sam Bankman Fried (SBF) (https://bitcoinmagazine.com/business/ftx-buys-blockfi-but-passes-on-acquiring-celsius) and his exchange FTX are actively lobbying and spending money to push a proposal called the “Digital Commodities Consumer Protection Act” thru US congress that may force DeFi protocols to operate like centralized exchanges. + +SBF pushes to create a federal BitLicense in the United States. This would make decentralized & peer to peer transactions ILLEGAL. + +Not only should the proposal be call the “FTX Digital Commodities Protection Act”, but it also shows the true nature of FTX and the much hyped SBF - both act as toxic players in the cryptoverse recently. + +Not to forget: FTX is also financed by incumbents - https://www.ledgerinsights.com/blackrock-funds-temasek-tiger-invest-another-420m-in-ftx-crypto-exchange-at-25-billion-valuation/ +I‘ve heard the term “House Poor” and it got me to thinking is it possible to become “401k Poor”? Ever since I was about 26 I’ve made it a point to max out my Roth IRA and put the most I possibly can into my 401k. I don’t have a real great job where I can max out of 401k each year but I make sacrifices in other areas so I can get damn close to maxing it out. Just got me to thinking is it possible that putting too much into retirement accounts is a bad thing? +For all the mortgage holders who are feeling the pressures of inflation, where do you reckon you got it wrong? + +\-Lack of enough savings? + +\-Too much leverage? + +\-Not enough wage growth? + +I got no skin the game but trying to understand better from other peoples experience before I jump in. +Hi AusFinance, + +(TL;DR below) + +Bit of a question/discussion on a poignant note today. My friend group chat got onto the topic of super. One of my friends in the group has a medical condition so his life expectancy is a bit lower (not sure on specifics). + +He mentioned that he was going to load up on ETFs and non-super investing because although there are significant tax advantages to super, he can't justify loading up to $27.5k per year in super because he may not be able to "use it". His view is that if it's out of super, he has more freedom to use his money rather than jump through hoops to get it. Given his current age and what I know of his condition, let's say his life expectancy is around 70. + +I was saying to him that his preservation age would be 60 and if worst comes to worst, he can take out his super for compassionate reasons or to fund any medical care he may need. Besides, with better medical equipment 40 years from now, he may live even longer! + +He's saying that that the medical stuff would be mostly covered by Medicare anyway and perhaps by his health insurance. Even if the insurance/government funding ran out, his non-maxed out super by then would easily be several hundred of thousands, which is more than enough to cover 99% of health scenarios. + +Where we did agree upon is that superannuation is meant to be money used *after retirement (*no $10k jetskis!)*.* For us, super is meant to fund your post-retirement lifestyle so that your quality of life doesn't degrade too much just because you stopped your day job. So I guess in some sad way, because he doesn't expect to have many years to live after he retires, it makes sense to not load up on it? + +Just keen to hear everyone's thoughts on this. I'll even link him the thread! + +**TL;DR if superannuation is for use after retirement (is it?), what should you do with super now if you don't expect to live that long after you retire?** +All the real estate agents are saying the longer we wait, the less we’ll sell for. I’m just wondering how quickly/steeply we’ll see the drop in prices, and whether we should just accept the highest offer this weekend (assuming we get offers). We’re in suburban Brisbane. +ETA: We do need to sell, and I’m aware real estate agents will say anything to make you sell. +🤯 +Insured with budget direct and the quote came in this year literally TWICE as much as last year. $3.4K vs $1.6k last year for $750k of cover and a $1k excess. + +I’ve been with them since 2018 and at the time they were a very competitive price. + +I called them today to ask what the driver of the increase was and basically the lady (who actually provided THE BEST customer service I have ever experienced) basically said premiums had gone up due to floods etc. + +She worked through a few different scenarios with me to see if we could bring it down in any meaningful way (reduce insured amount or increase excess) but nothing really moved the dial. Property is right near Gosford NSW. + +1) anyone in the same boat? +2) any tips for competitive insurers? + + +PS. The lady who helped could not have been more helpful. She almost made me happy to be paying close to $2k extra :) + + +EDIT: are people insuring to the full value they think it would take to rebuild the home in case of total destruction? Not sure how to play that one but realise if I lower the insured amount I can save $ in the short term. I mean what’s the chance the entire thing would need to be rebuilt……? (She says, while potentially being in a flood zone) +I can’t speak for everyone but every single weekday I wake up fully prepared to suddenly become a megamillionaire. The possibility is there and one day the starfish *will be right*. + +On the flip side, every single day (yes weekends too) for institutions with short exposure to Gamestop is met with **dread and fear**. They are really fighting to not lose everything and transfer all their ill-gotten wealth back to the 99%. + +Apes have their foot on the SHF necks by buying, holding and **direct registering** shares all day every day, Gamestop is becoming a juggernaut in the tech industry behind the scenes and the world’s economy is headed towards a cliff *fast*. Anything could cause the 1000th cut and our world is changed forever. Couldn’t ask for a better crowd to usher in a new era with, LFG! ✌🏼💎 +Hello Motos, + +EDIT 1- [Here is the DD in video form if you'd rather.](https://www.youtube.com/watch?v=9x1TLFMxiL0) + +https://preview.redd.it/o42v8khnfij71.jpg?width=751&format=pjpg&auto=webp&s=789462df0d4aeaa1d02364212322761d5d3806c5 + +So Yesterday I put out [this post.](https://www.reddit.com/r/Superstonk/comments/paok7a/update_to_my_divorced_puts_dd_and_how_it_still/) Which, in of itself was an update to [this post.](https://www.reddit.com/r/ApesMonkeyAround/comments/oetks2/a_look_amc_and_gmes_deep_otm_out_the_money_puts/) If you are interested in a deeper look at the mechanics of divorced puts then check either post out as I explain the mechanic's there. + +**The summary of both posts are as follows.** + +By using far dated, deep otm or itm puts SHF and Market Makers are able to transfer short interest held by SHF in a stock into FTDs held by Market Makers. + +They've been doing this all year but you really see it kick into effect during major price run ups. + +In Yesterday's post, I concluded that I could show; + +* GME had AT LEAST AS A BARE MIMINUM 90.9 million shares that had been converted from Short interest into Fail to Delivers. + +**Why I'm posting an update the next day?** + +I literally posted this maybe two or three hours before the run up. + +[u\/bobsmith808's photo.](https://preview.redd.it/bsvtljynfij71.png?width=691&format=png&auto=webp&s=3304b033ff803dbddb0515b8a8a36032fddfc436) + +As we were running up, plenty of eagled eye, including u/bobsmith808, apes spotted that there were large blocks of deep otm puts being bought. [You can see Bob's post about it here.](https://www.reddit.com/r/Superstonk/comments/paqkoc/more_market_fuckery_brought_to_you_by_deep_otm/ha7g75z/?context=3) + +As you can see there were swathes of Deep otm puts being bought, and auto executed for Sept 17th, with what ever software Bob uses. + +So given that my DD I posted literally spoke about this and then a few hours later it's happening in front of my very eyes, I thought I'd best give you all an update. This has also added in a factor I previously hadn't considered, and that was these trades weren't just sitting as open contracts but could also be auto executed contracts as well (but I'm broke and can't afford the softwares that track this so I'm stuck with Yahoo). + +**So what are the updated figures?** + +I haven't had the hugest amount of time to give into it, so to cut my work down slightly I was very restrictive in what I looked at. If I had more time or if I had the proper software to do this then I would have taken a deeper look. As such I limited myself to volume on a strike of over 1k in contracts for GME. + +Even with this hugely restrictive set of data I still found shocking amounts of fraud. + +&#x200B; + +>As it stands I'm broke as fuck and hold a tiny position. I'll be frank with you all, if I somehow came into money I wouldn't use it to buy/pay for software subscriptions but use the money to increase my position. I don't say this looking for sympathy but as a way of explanation as to why I don't use the fancy dancy software some apes use. + +With that in mind, I had to use Yahoo Finance's free options chain page. But from it I could see the following. + +Yesterday there was deep OTM puts bought and executed for the following EOW dates & Strikes + +**GME** + +Sept 3rd + +* $160 strike and 2k contracts. + +Sept 17th + +* $35 strike and 33.4k contracts. +* $30 strike and 3.6k contracts. + +Nov 19th + +* $5 strike and 7.5k contracts. + +This is a total of an additional 4.65 million shares converted from Short interest into eventual fail to delivers. + +**Why I've included the 3rd Sept otm, but nearer to the money puts.** + +Just want to tackle this right away. There's a chance that these weren't used for the tactic of converting short interest to Fail to Delivers but given the fact that they would highly likely expire worthless and also would add downward pressure I've included them. + +**My Takeaways from this.** + +My big takeaway is that this is far more systematic and apparent than even I first thought, and I already thought it was a Godzilla sized problem. + +Secondly, given the sheer quantity that's likely pumped through everyday in this fashion either the hidden amount of synthetic's is much larger than ANY OF US can imagine or they are also using this tactic to trade fail to delivers to each other. + +Given the way they do this, it also allows them to close out short interest and then reopen said shorts again, and again, and again. Allowing them to apply, fraudulently (not unusual for these bampots), a massive amount more shorts than should be feasibly possible. + +**How am I so sure this is fraudulent options activity?** + +Someone asked this, very valid, question of me yesterday. Rather than just vaguely gesture at the OG DD, or yesterday's update, or today's update. I'll stead talk you through this. + +For Jan 21 2022 there are 134,000 put contracts with a strike of $0.50. These contracts were still being bought yesterday. These contracts are being bought for a $0.01 per share premium. Meaning for these contracts to break even the price of GME has to fall 99.75%. Also if, by some fucking wizardry, the price of GME was to fall to $0.01 these contracts would still only earn $48 per contract. + +These aren't being bought as a hedge against the stock crashing. These are being bought as the clearest, most apparent and transparent evidence of market manipulation you can get. + +**Parting words.** + +I have a[ twitter,](https://twitter.com/BOBoonRoss) and [a YouTube.](https://www.youtube.com/c/BOBoonRoss) I post everything to YouTube, and I also chat away on twitter and give smaller updates on things that don't merit a reddit post or YouTube vid. + +I also post everything on reddit, so consider giving me a follow on reddit if you don't follow YouTube or Twitter. + +Hope this helps folk and I hope everyone has a great day! + +Peace out! +I took time series data from Yahoo Finance of GME & Doge on the daily time frame. +In order to compare the two datasets, I normalised the data. + +Python code: +`normalized_GME=(GME-GME.mean())/GME.std()` +`normalized_DOGE=(DOGE-DOGE.mean())/DOGE.std()` + +# Obervation 1: Conflict of interests + +Robinhood is payed by the market maker Citadel Securities via Payment for Orderflow. +Citadel shorted GME. + +# Obervation 2: Robinhood owns Doge + +According to blockchain tracking entity Elliptic in a Bloomberg interview, Robinhood is "almost certainly" the owner of [the wallet that controls 29& of total supply of Dogecoin](https://www.bloomberg.com/news/articles/2021-02-17/cryptocurrency-sleuths-point-to-robinhood-as-dogecoin-whale) ($2 billion worth). + +# Observation 3: Vlad impales our beloved stock + +January. Robinhood halts buy orders of GME, causing the price to Tank. Shortly afterwards, DOGE price surges. + +https://preview.redd.it/u711i25yxvw61.png?width=949&format=png&auto=webp&s=f193839677e44e8370256d34c8ae6d1ac1b054da + +What I found interesting was that once the data is normalised & visualised via percentage changes, the price spike of both GME and DOGE back in January looks almost identical... + +# Observation 4: The second coming of GME & the doge distraction? + +March. GME began forming a symmetrical triangle pattern. This pattern often results in either a major bullish or bearish movement. Leading up to the break point of the GME symmetrical triangle, Doge is hyped again in this period, especially in the days leading up to 4/20. There is a doge price surge leading up to this date and Robinhood exhibits "technical difficulties" during the peak preventing their users from selling. + +https://preview.redd.it/2hx058kzxvw61.png?width=893&format=png&auto=webp&s=64a595be916e4d2077499e4d984d3ac442124137 + +&#x200B; + +https://preview.redd.it/qjezlkr14ww61.jpg?width=248&format=pjpg&auto=webp&s=77350a44dc6e089908dc0ecb0ef5e6da8a95a641 + +Following the failure of a hyped price explosion on the given 4/20 date, Robinhood lowers the minimum order size from 10 $DOGE to 1 $DOGE. Effectively encouraging Retail traders to buy DOGE and steal attention away from GME. Meanwhile, on the technicals GME has formed a bull flag and [Options are showing big bets forming that the price of GME will surge soon](https://www.benzinga.com/trading-ideas/long-ideas/21/04/20897487/institutions-are-buying-gamestop-the-options-trades-and-a-technical-analysis). +**Edit: This post discusses the tax treatment for US Citizens. I thought that was apparent when the IRS is involved, but apologies if the title confused any non-US bitcoin users.** + +Hey guys, I've received a lot of questions about the IRS notice and how it affects [the post I wrote a couple of months ago.](http://www.reddit.com/r/Bitcoin/comments/1uccfz/i_am_a_tax_attorney_here_are_my_answers_to_the/) The short answer is that nothing really changes, other than we can stop speculating about possible tax treatments in the event bitcoin is treated as a foreign currency. I've updated my post to reflect this change. + +Here's a quick rundown of the how the Notice affects most people. Just keep in mind that these topics are covered in more detail in the original post in case you want more information. + +**#1 Bitcoins are property, not foreign currency.** +This means that capital gains treatment will apply to most people. This really isn't a surprise and basically everyone expected this result (although some hoped for the longshot possibility of foreign currency treatment). The biggest exception is if you are engaged in a trade or business and hold bitcoin as inventory for sale to customers. This is probably a pretty small group of people, though. + +**#2 Every bitcoin transaction is taxable.** +As I said in my first post, Bitcoin users will have to calculate their gain or loss every time they purchase goods or services with bitcoin. Yes, this is a very onerous burden and creates a significant threat to the widespread adoption of bitcoin. However, this outcome is not very surprising and is consistent with US tax laws. Hopefully the Treasury Department or Congress can be convinced to apply a "personal transaction" exception similar to the one that exists for foreign currency. But for now, this is how it will have to work. + +When calculating your gain or loss, you must determine "amount realized" and "basis." When buying goods or services with bitcoin, the amount realized is equal to the fair market value of whatever you received. When selling bitcoin, the amount realized is the sales price less any transaction fees. + +The biggest issue for most bitcoin users is determining their basis. Because bitcoins are fungible, you run into the problem of tracing the cost of each bitcoin you hold. You cannot just arbitrarily choose your basis. The IRS will permit you to use the FIFO method (First in, First out). Any other method such as LIFO or Average Cost Basis is not advisable, particularly now that we know foreign currency rules do not apply. + +**#3 Miners recognize income in the year the bitcoin is mined.** + +This was a big unresolved question prior to the Notice. The amount of income is equal to the market value of bitcoin on the day it was mined. You can use any exchange price as long as its reasonable and you use it consistently going forward. The market price also becomes your basis in that bitcoin going forward. Therefore, when you sell it sometime in the future, you will subtract this amount from the sales price in order to determine your taxable gain. + +Note that you can deduct your mining expenses in the same year, such as electricity and depreciation (subject to loss limitations). + +**#4 Miners are subject to self-employment tax if their activity rises to the level of a trade or business.** + +The IRS notice did not provide any guidance on when a mining activity constitutes a trade or business. A "trade or business" is generally defined as an activity engaged in on a substantial and continuing basis for the purpose of generating a profit. This does not have to a full-time activity, just one that you regularly pursue with a profit motive. Obviously, whether or not your specific activity is a "trade or business" depends on your particular situation. The more substantial and continuous your activity, the more likely it is that you're a trade or business. You can read a little bit more about the test [here](http://www.bitcointaxsolutions.com/is-my-mining-activity-a-business/). If your mining activity consists of more than just an old GPU card (or two), I suggest you consult with a tax professional to determine if you're a trade or business. You'll also need to get guidance on making estimated Self Employment tax payments (which is done in quarterly deposits with the IRS). + +**#5 The IRS Notice is retroactive.** + +Okay, "retroactive" is not technically the right term. The law has not changed, the IRS is just informing everybody of how they interpret it. But, they will apply these interpretations to past tax years as well as the current one. So, if you already filed 2013 taxes (or earlier years) in a manner not consistent with the Notice, you should consider amending your return because the IRS will apply the rules in the Notice to your situation. + +Feel free to ask any questions. + + +************************************ +**Legal Disclaimer** +************************************ +This post was created for general guidance on matters of interest only, and does not constitute legal advice. You should not act upon the information contained in this publication without obtaining specific advice from a tax professional. No representation or warranty (expressed or implied) is given as to the accuracy or completeness of the information contained in this post, and I do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this post or for any decision based on it. + +CIRCULAR 230 DISCLOSURE To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. federal tax advice in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. + +THE AUTHOR Tyson P. Cross is a tax attorney in San Diego, California representing individuals and businesses with tax issues related to Bitcoin and other cryptocurrencies , including tax return preparation, tax planning, and FinCEN compliance. He can be reached at Tel: +1 619-786-0641 or Email: tyson@BitcoinTaxSolutions.com[1] . (this information is necessary due to attorney advertising rules). +https://xrphodor.wordpress.com/2017/12/30/xrps-trajectory-for-2018/ + +XRP is the best buy in crypto right now: What does the shape of the future hold for XRP and Ripple? I discuss the price appreciation of XRP, along with each of the six major drivers of XRP value that I expect will take center stage in 2018. + +What are these six major drivers? You'll have to read to find out - let me know if you agree, or if you felt I forgot something that might be a dark horse for moving XRP price towards our $10 mark. + +Hope you enjoy & please leave any comments below; I'll make an effort to respond to each primary comment. + +Thank you & Hodor! +First of all i’m not a native, so sorry for the low level of english. +Anyway let’s start. +I report the article of Wikipedia (here is the link https://en.wikipedia.org/wiki/Dot-com_bubble ) + +“many investors were eager to invest, at any valuation, in any dot-com company, especially if it had one of the Internet-related prefixes or a ".com" suffix in its name. Venture capital was easy to raise. Investment banks, which profited significantly from initial public offerings (IPO), fueled speculation and encouraged investment in technology. A combination of rapidly increasing stock prices in the quaternary sector of the economy and confidence that the companies would turn future profits created an environment in which many investors were willing to overlook traditional metrics, such as the price–earnings ratio, and base confidence on technological advancements, leading to a stock market bubble.Between 1995 and 2000, the Nasdaq Composite stock market index rose 400%. It reached a price–earnings ratio of 200, dwarfing the peak price–earnings ratio of 80 for the Japanese Nikkei 225 during the Japanese asset price bubble of 1991. In 1999, shares of Qualcomm rose in value by 2,619%, 12 other large-cap stocks each rose over 1,000% in value, and seven additional large-cap stocks each rose over 900% in value. Even though the Nasdaq Composite rose 85.6% and the S&P 500 rose 19.5% in 1999, more stocks fell in value than rose in value as investors sold stocks in slower growing companies to invest in Internet” + +“At the height of the boom, it was possible for a promising dot-com company to become a public company via an IPO and raise a substantial amount of money even if it had never made a profit—or, in some cases, realized any material revenue. People who received employee stock options became instant paper millionaires when their companies executed IPOs; however, most employees were barred from selling shares immediately due to lock-up periods.[12][page needed] The most successful entrepreneurs, such as Mark Cuban, sold their shares or entered into hedges to protect their gains. Sir John Templeton successfully shorted stocks at the peak of the bubble during what he called "temporary insanity" and a "once-in-a-lifetime opportunity", shorting stocks just before the expiration of lockup periods ending 6 months after initial public offerings.” + +As internet at the time was representing the future, (the same way cryptocurrencies represent the future now) any junk project, e-commerce, etc. became an object of speculation because each, in his own little world, represented the future. (and here dogecoin is like: why the fuck are you talking about me?) +When the bubble burst most of the dot-coms closed. + +The difference between then and today is the internet, and more specifically the social networks. Here, with social media and internet, what could then have been more limited, now comes to everyone's hands. + +History repeats. Stay safe. +Bet on valid projects and you will have no problems. +EDIT: Dropped it $17 more dollars this am in 24 mins. I want change. + +True story. I bought a low float COVID biotech stock 17 months ago and have been waiting the whole time for today. Why today? Because the company was almost dead. Never brought a product to market. Had to sell shit and do a reverse split to stay alive. Citadel, Susquehanna and that crowd are short on it. And today, the company received EUA approval from the EU and also the WHO for their protein COVID shot. I woke up at 6 am to check for the announcement and couldn’t get back to sleep. Finally, right? + +Stock was up $30 or some shit premarket and I thought, after all this bullshit the time for the stock to shine has finally come. Reward me for taking the risk and diamond handing no matter what. + +But it didn’t. Shit actually crashed down $40 after the bell and MM talked about one of the competitors all day. So my work is not done yet. No biggie. + +Anyways, if you think or expect this stock to moon after they announce the marketplace, I can assure you that Citadel and friends would like nothing better than to rig the fucking game on that day too. And they will try. So don’t be sad is all I’m saying. Embrace that shit and do what you’ve always done. Changing the world isn’t easy. 🍻 +Sorry this will be a ridiculously simple question but I haven’t been in this situation before and don’t know what to expect. + +My 3yr fixed-rate term with Halifax comes to an end in July. Balance will be about £70k. In this third year I’ve already overpaid the maximum I can without incurring charges. I have just under £15,000 set aside to pay more off as soon as I can. + +When the fixed rate ends, is the process to: + +A) let it go onto SVR, pay the £15k with no fees, then arrange remortgage for £55k? Or, + +B) arrange a remortgage for £55k to begin on the same date the fixed-rate ends, and somehow(?) add the £15k to the funds going to Halifax? Or, + +C) something else? + +Like I say I know this must happen a thousand times a day so there’ll be an established way to do it... i just don’t know what that is! Thanks +I just received my payslip, my salary before deductions for the month was £2600, it listed all the deductions (which should sum to £800), but then the amount that was deducted was only £142. + +This is definitely a mistake but its meant that I've received an extra £650 + +Do I have to tell someone about this, or can I just keep quiet? +Just before the stock market started in dramatic drop in 2007, the experts told us that the stock market was going up and we should increase the percentage of our investments in stocks, vs bonds and cash. Many target date funds were 70-90&#37; stocks even for people who were just a few years from full retirement. (Back then, in 2007, bonds and cash paid relatively well.) + +Now I notice that many articles in Money and Kiplinger Magazines and online boards the experts are telling us older people to increase our stock percentage to 70&#37; even our 60s. + +What is their agenda today for this advice? +Hey all - as a quick intro, I was one the only active mod a number of years ago. I slowly dialed down my involvement in the sub (as a moderator, and reader) over time. Turns out there's only so much tuning and fiddling you can do with hands-off investment. Yesterday I removed my mod access because we have a pretty awesome team of active mods in place right now. + +July 2018 I posted that we had made our last conservative milestone, and there were no more (FI) goals left. I won't re-cover some of the points I made in this last post. Summary is that I was a manager of software teams (up to Director level) at a FAANG company, which enabled a pretty high savings rate: + +[https://www.reddit.com/r/financialindependence/comments/8vjoob/made\_it\_last\_conservative\_fi\_milestone\_no\_more/](https://www.reddit.com/r/financialindependence/comments/8vjoob/made_it_last_conservative_fi_milestone_no_more/) + +Since I have temporarily re-engaged with the sub , I thought it might be worth sharing a few things I've observed and/or learned over the last 2.5 years. + +First - an updated networth graph - [https://imgur.com/a/tznzIcD](https://imgur.com/a/tznzIcD) + +**Random observations, updates, and other bullet points!** + +1. *Privilege*. Before anyone gets offended with us being wealthy, I'll repeat that we're well aware that we got lucky to get into the right industry, lucky to be born in the USA, etc. Lots of luck in life :) +2. *Frugality & Covid.* In my last update, I mentioned how our family is pretty frugal. Covid certainly didn't change that. We already avoided restaurants, our main entertainment has been (and continues to be) hiking, etc. So in my opinion, frugality really prepared us well for a pandemic. So that's an argument for frugality I wouldn't have guessed two years ago - preparation for global catastrophe. +3. *Work Update.* When I posted, I said I'd be taking time off work, and we didn't know what we'd be doing with our jobs. My wife ended up quitting hers, and I took a \~9 month sabbatical. The time off work was fantastic and involved a lot of travel and other fun things (thankfully we picked 2019, not 2020). +4. *Purpose in life / benefit of FI* \- Due to not actually needing more money (see the networth graph above), after my leave I was able to be very flexible on the type of work I was willing to do. I ended up taking a job making \~1/3 of what I was making before my leave working for a non-profit. Always wanted to do something meaningful at work, and FI enables it. +5. *Acceleration of networth* growth - The significantly lower pay is invisible on our networth graph, because of the crazy markets, and the fact that our networth is high. As everyone always says, the first million comes slowly, and each milestone after that comes more quickly. We have months where we gain (or lose) many multiples of my income. +6. *Doors open through FI* \- Being FI and having excessive saving opens up random doors. It's having a valuable tool in your toolbox which isn't only used for your personal expenses. We were able to help one of our family members with quick financing to buy a house (temporarily solving a banks moving slow problem for them). We were able to invest in a semi speculative real estate investment with a friend. All around I find we're able to have more open minds about opportunities when we have a good amount of cash sitting around. +7. *Careers driven people* \- In my experience, moving up in your career in a large company means that you spend some amount of mental energy on optimizing your career, comparing yourself to your peers (for good old competitive motivation), watching your compensation closely, etc. Early on to my leave, I observed previous peers moving their careers forward (getting promotions) and felt a sense of missing out. But over time as I took my leave and changed my career path, I found myself less emotionally connected to titles and compensation, and that's decreased the negative feelings. Which is a relief, because I don't like the idea of feeling jealous of something I don't need :) +8. *It's hard to walk away at the peak of your career.* I continue to play with the idea of going to make more money. I am sometimes tempted by people reaching out for neat opportunities, recruiters for hot tech companies, etc. A short two years of work could move our retirement from "very safe" at our current spending levels, to "very safe" at extravagant spending. Or we could become a huge safety net for our kids someday, or we could contribute millions to charity, etc. I think it's a core aspect of FIRE, that leaving work quite likely comes at the peak of your career. I've invested in myself and my reputation, and it's really hard to not take full advantage of it. (I have plenty of plans to not be bored and do cool things which might make money, but it's not the same as making 7 figures). +9. *Spending time with kids and family is priceless.* My kids spend far more time with me than most parents. Particularly when I was on leave, but even now that I have a very flexible schedule (and it's not nearly as demanding as a high tech job). I can have breakfast with them, hang out at dinner, never need late night emergency work, have spent weeks / months traveling, etc. By far the best thing FI gave me was time with my kids, since they'll never be this young again. + +Anyway, I have always enjoyed learning about those who have made it to the finish line of FIRE, and thought it would be worth sharing. I'm happy to answer any general questions people might have. +I’m seeing a lot of posts here and on Twitter, people promoting “buy the dip” or “hold tight it’ll bounce back”. Truth is no one knows how far down market will go and if or when it will bounce back. Interest rates are tipped to rise, we are on brink of a war, Omicron is out of control and the bad news keep piling up. Point is, don’t take anyone’s advice because in crypto world no one has any idea what will happen next. Keep your money safe and don’t make decisions that’ll make you miserable. I have invested at wrong times many times now and I know the feeling. It’s awful. So assess your personal situation and expect for things to get worse. +The Buy Nothing project has literally changed my life. We have gotten a full sized (not broken) trampoline, a playhouse with a swing set, free food, kids shoes and cleats, specific toys, etc. and giving has been a fantastic way to clean out my extra stuff. I highly recommend it. +I guess I'm trying to get a sense in how many other people fell for the same scheme that I did... I was always told that education was the most important thing that money could buy. I went into $100k+ debt earning a bachelors degree at a top university. Now, at a time when interest rates are probably the lowest they'll be for years to come, my loans are still at a fixed rate of 9.00% despite very good credit standing and and having never missed a payment. How is this interest rate justifiable? Anybody else? Thoughts? +The current situation with many mortgages in the US, + +A. The housing market collapsed sending real estate prices downward. + +**Therefore:** + +B. Now people owe more then the land is worth in the current market + +C. Neither banks nor homeowners can afford to sell the land to cover the loan. + +D. Due to the current economic conditions, many people no longer can afford their mortgages, so they stop paying them. + +E. If banks foreclose on massive scale, supply of homes on the market will increase, driving prices down further and further diminishing their chance to recover the loan. + +**Therefore:** + +F: Banks won't foreclose on a massive scale, but over a slow period of time, maybe years. + +**Therefore:** + +G: Many people will potentially live rent free for years. + +Other opinions and possibilities? +Discuss. + +The current situation with many mortgages in the US, + +A. The housing market collapsed sending real estate prices downward. + +**Therefore:** + +B. Now people owe more then the land is worth in the current market + +C. Neither banks nor homeowners can afford to sell the land to cover the loan. + +D. Due to the current economic conditions, many people no longer can afford their mortgages, so they stop paying them. + +E. If banks foreclose on massive scale, supply of homes on the market will increase, driving prices down further and further diminishing their chance to recover the loan. + +**Therefore:** + +F: Banks won't foreclose on a massive scale, but over a slow period of time, maybe years. + +**Therefore:** + +G: Many people will potentially live rent free for years. + +Other opinions and possibilities? +Discuss. + +It seems like they would be losing a lot of money since everybody dies. How would a life insurance company turn and make that into a profit? + +EDIT: If possible could you provide the basic concept and then give specific examples as well. Thanks! +Keynesian economics tells us that during a recession, proper fiscal policy would be to increase government spending and lower taxes in order to jump start the economy and raise consumer confidence. We tried the increase in government spending, although at the time many economists said that $700 billion would not be enough to bring us fully out of the recession. As predicted, we are seemingly teetering on the edge of a possible double-dip recession. + +The other end of proper fiscal reaction to a recession, lowering of taxes, seems counter to what both the Democratic and Republican Party plan on doing, which is raising taxes (just based on different levels of income). From what I understand, this activity would have drastic and horrible effects on the U.S. economy as a whole and could send us hurtling down into a depression. However, I admit that as a economics major still in college, I do not understand much. + +Thus, I ask you, economists of Reddit, do you think raising the tax rate will be positive or negative? Why does it seem to me that the U.S. has turned its back on Keynesian economics and, if I am mistaken in my understanding, would you please correct me? Thank you. +I don't know what it is, but R feels incredibly more intuitive to me and the syntax feels much more natural to how my brain functions. Since beginning my algotrading/quant finance journey, I have constantly come across the idea of Python being the best (or at least better than R) language to code with, and while I have tried forcing myself to code in Python and improving my literacy with it, I am beginning to accept the fact that I just dislike the language and prefer to do everything in R. + +My question is: aside from R being slightly less efficient and flexible as Python, are there any real, impassable barriers that it poses? Will there ever be a point where I simply cannot progress an algorithm or model with R? At the moment it feels like I'm driving a stick-shift just because people say it's better, but I've been perfectly comfortable driving automatic my entire life and don't want to continue to torture myself by using Python when I don't really need to. +Technically martingale is a working strategy for someone with unlimited balance. Thus the low lot size. RSI would help by going long in oversold zone so the martingale won’t last for ages before it start being profitable. + +What do u guys think +I tried to find something already covering this, but I haven't seen anything. + +I'm a programmer of about 4 years. Soon enough I'll be starting uni, and I'm looking for something with which I can gain enough skill to maintain a reasonable degree of income for myself. + +Does algotrading fall in this category? + +How expensive is it to start profiting from a tested algorithm which you've written, in terms of things like client/server hardware, uptime costs, etc.? + +Thanks to anyone who provides insight on this. +My grad paper was a study on papers about using AI to predict market movement. One thing I never managed to understand is how do you organize how much of your money should go into what. + +Most portfolio management books I read seemed to look at this on a bigger scale -like using small risk funds to curb loss from high risk operations- but I'm thinking small initially and am very lost when it comes to implementing an algo into a real life scenario. + +What am I missing? +Hello guys, a question for the algos running on small amounts of money (say around 1k), what is a realistic amount of transactions you usually have per day? Currently calculating revenue projections but since this is my first time making some thing of the sort, I dont have any idea about some of the details. +Hi there, + +I programmed a backtesting tool for python and my results most of the time seem to good to be true. + +The program automatically creates a xls file where I can see all the trades with their data. Calculated it many times and all actions are correct :) + +What other ways are there to test if the system really works? +Is there any way to prove that a strategy will work? To my knowledge and intuition, the best that anyone can do is backtest a strategy and test it in real-time trading and see if it works. But how do we know that any of this actually works and it doesn't just come out to luck? I guess this is another way of bringing up the argument regarding whether technical analysis is actually real or if it's just some psychological attempt to put some structure to the stock market. After all, if you think about it, why should the stock market be affected by all these indicators the way they do? Surely it has to have a lot to do with just how people react to certain things psychologically right? Sorry if this sounds kinda dumb but I'm just having a hard time wrapping my head around what seems to be a realization of how much investing/trading in the stock markets seem to just come down to luck. One of the big things that do keep me from admitting it is because funds like the Medallion Fund consistently perform based on algos, but even then it technically wouldn't be out of the realm of possibility to just get lucky very many times in a row considering how many people/funds try. +I have dug around this subreddit and seen a few anecdotal stories but nothing concrete. + +Has anyone here been having success with a neural network in trading? I'm just toying around with a pretty naive NN I've set up with some OHLC/Volume data and was getting heavy overfitting (as expected). Going to try exploring LSTM networks but wanted to see how others were doing so far. +It's my account. She forced me to go with her to the bank to add herself on my account. I didn't want that. Could I make it so that I'm the only one on the account again, without her consent? + +EDIT: Everyone has been very helpful, thanks!! Like most have suggested, I'm just going to make a new account and transfer the funds there once I move out -- that way I won't have to deal with the backlash when my mother finds out. +The S&P 500 has returned on average 10% for the past 75 years (7% including inflation). Let's say I buy $10,000 worth of call options every year with an expiration date one year from now. + +If I were to do that today, I would buy some $SPY calls expiring on the 21th of June 2019, with a strike price of $275. The current $SPY price is $279. To break even, I would need a 5.42% gain. If $SPY increases by the average 10% to $307, I would have a ROI of 165%. This is around the highest ROI you can get with the current option prices assuming S&P 500 will increase by 10% YTD. + +Obviously, this is the average return, so some years I might lose some money, and some years I might make more than what I expected. However, in the long run it seems like you would still drastically outperform just buying the S&P 500 alone, most likely getting an average 100%+ yearly return. + +I was not able to find any source of data for the price of call options one year before their expiration date on $SPY, so I can't really find any way to test this strategy with more than the current prices. If anyone knows where I can find that data, that would be fantastic. + +Other than that, does anyone see any apparent flaws with this type of strategy? +So I have a tesla debit spread that is way in the money and it expires today. I’ve never held a spread til expiration so I don’t know how this works. In order for me to realize max profit, do I just keep my option into close and RH will do the rest? Thanks in advance +With the new Ofgem price cap confirmed for October, what are people planning on doing with their energy bills? Everyone on the news seems to report this Cornwall Insight report predicting multiple further rises to the cap up to £5386 by next January. + +Considering the increase this October, the 12M Octopus loyal Fix doesn't seem too ridiculous anymore: + +Electricity: S/C 43.12p/day ; Unit rate: 67.98p/kWh + +Gas: S/C: 27.22p/day; Unit rate: 18.88p/kWh + +It seems mad that this is where we are now. I am being dramatic to consider this vs remaining on the variable rate? I'm not sure we could afford another near doubling of the price cap. + +My apologies if this has already been covered. +Long time lurker, first time r/AusFinance poster looking for advice on how to handle a bad investment property. + +5 years ago my parents (60YO/60YO) purchased a 'luxury' unit in Darwin via loan for what they believed was a good IP for $500k. My parents also own their PPOR and expect to close the loan for this property in 6 months. + +Within 6 months of purchase the IP was valued at just $350k (i.e. a $150k loss), and the value hasn't budged much in the last 5 years. The plus side is that tenants are guaranteed for 10 years via an agreement with the ADF and cover \~90% of the mortgage repayments. The downside is that Body Corporate mismanagement and poor build quality has added on \~$6-10k/yr in repairs and other unforeseen costs. They feel defeated and are desperate to be rid of the IP, but can't afford to realize the $150k shortfall if they sell the property today. + +Has anyone else been in a situation like this before? How did you navigate through it? In this instance the only option that I can see is to stay the course and wait until the IP loan is paid off. + +Note that my parents also own their PPOR and expect to close the loan for this property in 6 months. +Throw away account for obvious reasons. In the last 6 months I have been told the man I called Dad is not my biological father. He is a 65 year old heroin addict who physically abused my amazing mother for 20 years (including the first 12 years of my life) so honestly, no love lost and my main feeling towards not sharing a genetic code with this man is relief. + +I just turned 29 and my biological father has known I existed since I was 2, he didn't want anything to do with me but asked my Mum to send him updates over the years. In February he passed away and had never married or had any other children, I didn't know he existed until being contacted by the executor of his estate. + +I've never had more than $5k to my name and am about to inherit a house in Sydney's Eastern suburbs. I have NO idea what to do! +I will preface with obviously this is not an option for everyone, and great thought needs to be taken first. + +I've read a lot of posts about people worrying about paying their mortgages after their fix term ends. This is most likely not for them. + +Why isn't interest only mortgage thought of as a short term solution to the current situation? It could help ride out the next 2 years, and by then, circumstances could change. For example, pay increases, getting new jobs, kids getting in out of nursery and into free school, etc. + +I'm in a position where I'm in a good job with great prospects, so I am fully aware I might be looking at this wrong. +I'll be far from civilization and backpacking all next week. Had I wished things would pop off on the MOASS before this trip? Yep. But I realized that now I consider myself lucky, as I have no decision to make if things really heat up while I'm away. I will have no ability to wish I sold a peak, or fomo'd more. I will have no desire or ability to paper hand. I can only let it go, admit its out of my control, and hope others do the same. At the end of the day, I own equity in a company I believe is a great turnaround story with new opportunities in a growing space. I hope others understand that patience is our most powerful weapon. 100% is nothing. I'm not in it for that money, I'm in this for system changing people go to prison money. And that takes time. +I'll be far from civilization and backpacking all next week. Had I wished things would pop off on the MOASS before this trip? Yep. But I realized that now I consider myself lucky, as I have no decision to make if things really heat up while I'm away. I will have no ability to wish I sold a peak, or fomo'd more. I will have no desire or ability to paper hand. I can only let it go, admit its out of my control, and hope others do the same. At the end of the day, I own equity in a company I believe is a great turnaround story with new opportunities in a growing space. I hope others understand that patience is our most powerful weapon. 100% is nothing. I'm not in it for that money, I'm in this for system changing people go to prison money. And that takes time. +After we have had a bit of a relief, now shit us actually getting real as we are going to enter probably one of the worst or at least most interesting week for the stock markets, crypto and the world in general. So you gotta keep an open mind throughout the week and be ready for everything. Here the list of most important events: + +1. Earnings, a lot of Earnings. As it's earnings season right now at the stock market and we already had a dull with snapchat falling -35% and losing billions. Now it's actually getting real with much of big tech like Apple and Microsoft reporting. Bad will cause stock markets to melt and with a high correlation also crypto. + +2. FOMC. This is probably the biggest event of the week where we will actually get our rate hike, whether it's 75bps or 100bps is to be seen. A 100bps would definitely cause havoc over the markets as already a 75bps last month did make markets melt. + +3. GDP Q2 numbers, this could be the most important event too if its done in this week, which is not exactly clear yet (may be early August) but if the Q2 number like the Q1 number would be in the minus then the US would officially be in a recession and even if most economists knew that, the constant lying from politics could have made it unclear for many. + +4. A recently added event is the US dividing whether they should declare an health emergency over monkeypox. Just now the WHO declared one and Biden administration said to do it on Monday. I'm not expecting it to be big news but certainly some minor panic. +I have 3 commercial properties with a combined equity of 3.6mm throughout them. Someone I work with brought up how he purchased his vacation home with equity from his primary home and it worked out well for him. Would it be wise to take tap into 2.5mm of the commercial RE equity and purchase a new home outright without a mortgage? +The reason I don’t want to sell is because of future plans for developments on the properties. Currently all the properties have strong leases, cash flowing and appreciating. +I would imagine several folks on this board have already gone through this, so I hoping to get some insight. When I went to college/law school, my parents were unable to contribute, so outside of a place to live, food and insurance, I was on my own for school costs. Through loans, work study and scholarships, I was able to get out with only about $30K in debt. But, that was a few decades ago and I know that prices have gone up. My wife and I agree we want our kids to be able to go where they want for college and not have the stress of loans weighing them down. Athletic ability is not going to provide any scholarships and parental assets will likely eliminate any consideration for financial aid. So, other than some academic scholarships which we can't count on, we are likely footing the bill for two kids. + +Our kids are currently in 8th and 6th grade, and between their 2 529 Plans, we have about $320K saved up so far. If we continue to put away the current $12K a year, we will likely have about $450-500K (give or take) when they are both in college. + +So, my question is, is $250K per kid likely going to be too much? Too little? Obviously, too many variables to KNOW what actual cost will be (neither child has received a grade that will even be looked at by a college up to this point), but I am wondering whether it is smart to keep adding to this little 529 nest egg, or if it smarter to divert the extra $12K per year to normal post-tax investments and use that for any shortfall. Just wondering if the taxes/penalties associated with "not using" 529 funds if kids use less is worse than the "penalty" of liquidating investment assets at a high tax bracket if we need more money to pay for schooling. Between federal and Cal. tax, we are pretty close to 50% marginal tax rate. + +If it matters, wife and I are 45 with net worth of about $11M, but only about $5M is liquid investments/cash, $1M in residential equity (two houses), and and the other $6M is farmland - which wife and I do not actively manage, but receive income from each year. + +For any FATFire'ers that have gone through the process (or at least analyzed it), would love to get your thoughts. Thanks +It's been a few years since I last actively had to work. Before I retired, I had imagined I would be busy full time being an investor, managing my wealth, doing charity... In reality, I log into my brokerage account once every 3 months to see how much dividend I got from VUSD (VOO equivalent with tax advantages for us European folks), check the price of crypto from time to time, and that's it. + +Same with charities: after doing some research it seems I can maximize my impact on the humanity's well-being by straight donating to certain charities (like the one distributing mosquito nets, or digging water wells in Africa). So it only takes a few moments of my time. + +I have a family and hobbies but it just doesn't fulfill me in the same way that work does. Sometimes I daydream about being in a suit in a high rise office somewhere, doing something... Something important and fulfilling. I've never even worked in an office - earned my starting money with SEO and internet marketing, and lucked out with some investments later. Is it just a stupid fantasy of mine? + +Any suggestions? +I would imagine several folks on this board have already gone through this, so I hoping to get some insight. When I went to college/law school, my parents were unable to contribute, so outside of a place to live, food and insurance, I was on my own for school costs. Through loans, work study and scholarships, I was able to get out with only about $30K in debt. But, that was a few decades ago and I know that prices have gone up. My wife and I agree we want our kids to be able to go where they want for college and not have the stress of loans weighing them down. Athletic ability is not going to provide any scholarships and parental assets will likely eliminate any consideration for financial aid. So, other than some academic scholarships which we can't count on, we are likely footing the bill for two kids. + +Our kids are currently in 8th and 6th grade, and between their 2 529 Plans, we have about $320K saved up so far. If we continue to put away the current $12K a year, we will likely have about $450-500K (give or take) when they are both in college. + +So, my question is, is $250K per kid likely going to be too much? Too little? Obviously, too many variables to KNOW what actual cost will be (neither child has received a grade that will even be looked at by a college up to this point), but I am wondering whether it is smart to keep adding to this little 529 nest egg, or if it smarter to divert the extra $12K per year to normal post-tax investments and use that for any shortfall. Just wondering if the taxes/penalties associated with "not using" 529 funds if kids use less is worse than the "penalty" of liquidating investment assets at a high tax bracket if we need more money to pay for schooling. Between federal and Cal. tax, we are pretty close to 50% marginal tax rate. + +If it matters, wife and I are 45 with net worth of about $11M, but only about $5M is liquid investments/cash, $1M in residential equity (two houses), and and the other $6M is farmland - which wife and I do not actively manage, but receive income from each year. + +For any FATFire'ers that have gone through the process (or at least analyzed it), would love to get your thoughts. Thanks +AT THE START OF THE YEAR THESE WERE THE PREDICTIONS ON WHERE THE S&P 500 WILL END THE YEAR AT + +BMO 5300 + +CREDIT SUISSE 5200 + +GOLDMAN 5100 + +JPM 5050 + +RBC 5050 + +CITI 4900 + +UBS 4850 + +BARCLAYS 4800 + +WELLS FARGO 4715 + +BANK OF AMERICA 4600 + +MORGAN STANLEY 4400 + +S&P 500 IS CLOSING THE YEAR @ 3800 + +Run far far away from anyone who is predicting what the stock market will do in the short term. + +To be clear: talking with the assistants and aides is just important as trying to change a Congressperson's mind - at least with something like this. Awareness and numbers of people educated on this topic matter big-time. + +**The aides are usually part of a large network of people who are well aware of the corruption and don't know what to do - andor are looking to make money themselves.** + +Talking about the 90-95% of retail orders going to dark pools is exceedingly easy to understand and *comes from a credible, authoritative source - the SEC chair.* + +Citadel and co. want you to NOT call Congress and talk about this issue. If you want to do Citadel's bidding and make them happy, then don't call. It's that simple. + +Take **three** measly minutes to call Congress right now. Even if the message doesn't impact the Congressperson themselves, you at least have a ***chance of educating the assistants and their network.*** + +One of the best things we can do *at this instant* is related to the interview by Gary Gensler, who confirmed about a month ago on Bloomberg TV that 90-95% of retail stock orders go to dark pools - where they're bundled and manipulated - creating massive amounts of possibilities for fraud. Indeed, that's what we're seeing now. [Here's the video and interview - pertinent part starts at ~3:50.](https://youtu.be/NBkPQ0VsWV0). **Dark pools are fucking illegal in the U.K., Australia, and Europe.** + + + +If you call, I suggest something like this: + +>Hi, I'm calling to tell the Senator/Representative about something I recently learned and would like to impress upon him/her the importance to understand and address. + +>About a month and a half ago, the head of the SEC, Gary Gensler did an interview with Bloomberg TV wherein he confirmed that 90-95% of retail stock trades are routed through something called dark pools. That's to say that 90-95% of trades made by average people - not hedge funds with computers and so on - are being sent to these "dark pools" where there is no transparency and lots of room for fraud and manipulation. + +>Indeed, "dark pools" and the underlying mechanisms associated with them are illegal in the U.K., Australia, and Europe - because they allow for theft, fraud, and manipulation. In fact, that's what we're seeing now in the market here in the U.S. on a truly unprecedented scale. + +>For all intents and purposes, the overwhelming majority of the American populace - to put a descriptive characterization to it - is being backstabbed and stolen from on a daily basis due to the hedge funds using these dark pools. The matter is of dire importance for the economy and well-being of the United States. Senator/Representative ____________ needs to look into this and speak out about it. Thank you very much for your time. + +_________________________________________________________________________________________ + +One of the best tools in figuring out who your Congresspeople is at https://whoismyrepresentative.com + +Also, *DRS* your shares. Sleep better at night. + +_____________________________________________________________________________________________ + +Citadel and co. want you to NOT call Congress and talk about this issue. If you want to do Citadel's bidding and make them happy, then don't call. It's that simple. +Both tweets were the last day of the month after voting was finalized and probably audited. His second tweet at the end of the month is to tell us this is not a coincidence. + +Just my opinion. But If true the stock will have to be bought 10x over at whatever price we set. Something is coming, we can all feel it. My tits are gonna bleed off before the 14th if something isn’t announced over the next few days. + +Either way this is going to be a long great weekend! What a great way to fuck up the SFH’s weekend! +Can’t wait to see the fireworks on the fourth, and the fireworks the day RC decides to drop kick the nuke launch button. + +Edit: I added this is in the comments but wanted to add it here. By biggest confirmation bias is the fact that gamestop sold 10 million shares on two seperate offerings in the matter of days on low volume. We don’t know the exact timeline but I’m guessing it was better than a million shares per day. So we’ve had non stop buying for 6 + months, not to mention what was bought before all this started, plus what was bought in the run up January. Just quick simple dirty math says there are lots and lots of shares sold = Godzilla +There is simply too much greed and too little sense. + +BTC survived 2017's attempted coup, but that will not be the last time they try. And next time, those attempting the coup will be much more sophisticated, with deeper pockets, a thorough understanding of BTC's protocol and its weaknesses, a paid army of programmers and private keys to large quantities of BTC, if not the majority of it. For all we know, someone somewhere already has a plan and is laying the groundwork for it. I say this because even though code and math cannot be bought, corrupted, imprisoned or executed, the people and institutions that write them can. + +The closer we are to the moon, the more dangerous and treacherous the road gets. We need cautious optimism, rather than allowing our greed to lead us to blinding euphoria. + +Which is more important; that we individually become wealthy, or that we collectively have BTC endure in this world? + +More vigilance, less trust. + +\------------------------------ + +EDIT: + +Wow, didn't expect so much discussion! Thanks for the awards, kind strangers! This community is great. And against my own advice, cheers on 20k, lol! (hey, I never said I was perfect). + +To those who are asking what we can do to stay vigilant, or what we can do against huge banks buying BTC, these are a few ways you can make BTC stronger: + +* learn and run a full node; +* learn about the base protocol, how concensus works, and what makes it all possible. That way, if malicious changes are proposed again, we can rally against them as strongly as we did in 2017. +* Get your coins out of exchanges and take on the real risk of self-custody. +* Continue engaging with the community. + +So on and so forth. Cheers! +Back in 2013 when the entire market cap hit $1 Billion for the first time, it was really scary to put a considerable amount of money in BTC. You might like Bitcoin and find it interesting but doubt would still creep up in your mind about its staying power and the fact that one bug could bring it all down. Mt. Gox got hacked, 800,000 BTC stolen, it crashed from $1200 to $190 by 2015, so how do you even believe that 5 years later it would be a sustained $200+ billion market? Yet here we are. + +As long as the Bitcoin blockchain is churning out new blocks of unstoppable transactions, that's all that matters. Naysayers don't understand that this is all Bitcoin needs to do: Churn out new blocks every ten minutes. And with every new block, a monumental amount of energy and work is stacked on top of the previous block, and so on, and so forth, making it stronger. [At 99.98% uptime for 11 years](https://www.buybitcoinworldwide.com/bitcoin-uptime/), it's sticky enough to now [last much longer than that](https://en.wikipedia.org/wiki/Lindy_effect). This network will be transferring and storing trillions of dollars within this decade and beyond. +What do you think of people who use TA and possibly news to scalp/day trade/swing trade options? Are those people no better than WSB? Does it work? Any opinions? +Hi everyone, + +Last week I opened a 0-dte spread on SPX and then at the end of the day closed the short leg and let the long leg (which was worth 0.00) expire since I couldn't have sold it anyway. From reading here and elsewhere it seems doing this can cause you to receive a massive day trade call as this is looked at as a naked put trade, and with SPX being around 4000, each contract is 400k, so it adds up. Anyway with 10 of these spreads, it amounted to day trade call of over 500k. + +At first I thought I owed them this much money (and the people on the phone weren't saying otherwise at first, saying it was a valid call which didn't answer my question and also made me think I still owed that much somehow, maybe through some glitch). But it turns out I am just basically banned from trading for 90 days - it's not like a margin call as I first thought. However I can't trade unless I add this amount to my account, which isn't happening. + +Has anyone here encountered this before? I feel like it doesn't make much sense and have a few questions. + + +1. Do other brokers do this? +2. If all brokers do this, then how do we set a stop limit on a spread? Most brokers (including Fidelity) do not have that as a feature, so what is done is to just put a stop on the short leg...but doing this would result in this current situation. It's almost like they are encouraging you to get wrecked with a policy like this. +3. If I move brokers (this is not the first time I've had issues with Fidelity so definitely not opposed to the move) will I still be under this restriction? The guy on the phone said it would be there no matter which broker I pick, but reading online it seems this is a Fidelity-specific issue (in fact some brokers encourage putting stops on short legs for protection). He wasn't right about some other things, so I don't really trust him on this anyway. Has anyone else been able to close spreads using the short leg first? What brokers do you use? + +Any information would be greatly appreciated! Thank you. +I had an interesting convo about my friends strategy where he basically buys 100 shares of a company he likes at current price, and then sells an ATM call option expiring a month or so out. + +If the stocks gains, he is happy with the premium received as a percentage of the stock. + +If it drops, well, he is happy with the stock. + +It’s obviously a covered call same as wheeling but what’s different is that the option is sold ATM and so his percentage return is known before hand. + +I used to always sell covered calls OTM and keep doing that, but this showed me a new way of looking at it. + +Anyone try this? + +Advantages or disadvantages? + +No hate if you think it’s dumb, just move it along, thanks. + +Edit: + +I guess it actually IS almost exactly like selling an ATM put option right? Nothing fancy here lol. +Apologies in advance if this is a dumb question. + +The conventional wisdom I’ve seen around here is that if you’re assigned on the short leg of a PMCC, it’s better to sell the long call vs. exercise because that way you capture the extrinsic value. + +But as I understand it the point of a PMCC is that it’s levered - your collateral is an ITM call option, not 100 shares - specifically because the call is much cheaper (in dollar terms) than the stock. + +So putting the two together - how would selling the long call (albeit ITM, especially if the underlying has gone up enough to breach the short leg) raise enough cash to cover the assigned shares, since even a LEAP costs less (in dollars) than 100 shares of the underlying? +If you do not want to be assigned/sell shares from a short call do you typically wait to roll over on expiration day? Scenario: a short call is ITM and there's still 2 weeks till expiration. +Does anyone have good advice on Iron Condor structure (strikes, spreads, duration, underlying, etc)? I think we're going to be looking at a mostly sideways trading market thru Summer and I'm considering putting a high Pwin IC on SPY or maybe XLF, but for such low vol ETFs the risk reward doesn't seem worth it. Any thoughts? +As the title says, how realistic is it to have a substantial monthly income primarily from just credit spreads from SPY and other large caps I.e. Amd, apple, Tesla etc. I’m trying to hit around 50k for the year. No account growth, just steady income flow. Starting at 27k account with margin. Is this feasible? +I just had 160 bitcoins stolen by this transaction: https://blockchain.info/tx/5abb271eb6e2d0da1855b06282c84dcf7467dda9da6da9090cad10ddae957fc7 + +I use the blockchain.info wallet service to manage that address. My password was a random 18 character password with punctuation, upper/lower case etc. I had two-factor authentication with Google Authenticator turned on and a second password on the account that was a random 8 characters. + +I had logged into the account with my laptop at home to send a small transaction of 0.937 bitcoins half an hour earlier. I haven't left the house since so no one has had access to my laptop. I'm on WPA2 secured wifi but not using a VPN. Laptop is running Ubuntu. I also have the blockchain.info app on my phone. It doesn't use the 2-factor authentication or the main password but does prompt for the second password. + +**Update:** As pointed out by metavox in the comments the same transaction that emptied my main vanity address that I had loaded into blockchain.info also stole from two other addresses, one of which I had sent 1 BTC to on Sept 5th 2012. I've worked out that I was attending a local bitcoin meetup in Vancouver at that time and my best guess is that I owned 1PcXspQbZWxUkS9bHcbgMUsb8HsUzP5noT in some other wallet that I was testing/demoing at the time and had also loaded my vanity address into. I'm not certain if that's for sure the case or what wallet software it might've been since I've experimented with so many of them, but it seems likely that my blockchain.info account wasn't the one that was compromised since the 1PcXspQbZWxUkS9bHcbgMUsb8HsUzP5noT address wasn't loaded in there and I did have other archived addresses in the blockchain wallet with some BTC left in them that wasn't stolen. + I bought in at 60k, and I've been *desperately* trying to get my cost average down ever since. You name it, I've tried it. + +Selling goodwill stuff on eBay, selling textbooks on Amazon, plasma donation, the survey sites on r/beermoney, fighting crackheads for the $5 bill in the gutter... + +I've even done some things I won't mention here. I'm not gay, but 20,000 Satoshis is 20,000 Satoshis. + +Now it's looking like we really might hit 20 K in the coming weeks. And I need ideas for **even more** DCA money I can afford to lose! + +Hence the bounty. Share your hustles, tips for extra cash and interesting anecdotes of your misadventures rustling up crypto money. Most amusing and/or helpful answer gets ~$1.40 in moons. + +Winner decided Thursday 4:20 PM Pacific Stoner Time +I was unemployed for a little over a year and would like to share my experience and what I learned. + +I was upper-middle class, owned my own business, and considered myself successful. Then times got rough, I lost all my big clients, had no income, and spun into a deep depression. My lowest point financially was when I was on SNAP benefits, selling everything I owned to afford rent and gas, and went into default with all my creditors. About 9 months ago I started a new job and have been digging myself out of this financial hole since. I’m not sure if any of the things I realized are earth-shattering but here are some of the things I learned. + +Save money however you can. For years I didn't and it significantly impacted me. As small as this may sound, I had an empty 5 gallon water bottle I had been putting all my loose change into for years. I can’t tell you how many times I dug into this when I was down and out and needed money for gas. My water bottle experience has taught me the value of saving $1 or $5 when I have a few extra bucks in my wallet. For me having a savings account doesn’t really work, I end up transferring the money to checking, so the water bottle was a safe “non-transferable” place. + +Sign up for a credit-reporting service no matter how anxious it makes you feel. I went from 750+ credit score to ~400 after I defaulted on all my credit obligations. It’s currently up to ~600 and has a lot of room to grow because there are several false charges on my reports that I’m still dealing with. If I had dealt with these issues earlier rather than later I’m sure my credit would be higher right now. + +Creditors love to settle. I had a total outstanding balance of around $70k split between credit cards, a business line of credit, and attorneys. I stopped making payments for many months and when I finally reached out to them to discuss my financial position, they were more than willing to settle. Total settlement payments were less than half of what I owed. Note that I received tax forms related to the amount of settlements, I have no idea how this will impact my taxes. + +Actively research and look for assistance. This can be anything. For myself it was SNAP plus Medicaid. I honestly didn’t know I would be eligible for SNAP and within 2 days of applying I had a card with $500+/mo for food; this is the only thing that carried me through my experience. I also qualified for help with water, electric, and phone/internet but I had started a new job before I followed up on any of that. + +Learn to cook. [Here’s a great book](https://cookbooks.leannebrown.com/good-and-cheap.pdf) by a fellow Redditor on how to make meals for $4 a day; Wendy’s 4 for 4 has nothing on this Redditor’s book. On top of that learn how to /r/mealprepsunday and visit /r/budgetfood frequently. Oh and coupons, you can save a shit ton of money using coupons you receive in the mail. + +Other stuff: Save electric; I stopped using HVAC because it’s too expensive, instead I heat/cool the room we're using. Don’t go to bars. Cancel all your subscriptions like Netflix, Amazon Prime, Spotify, etc. Buy food in bulk. Take your kids to the park. Order tap water instead of soda. I'm sure members of this sub have better recommendations. + +This is all stuff I did when I entered poverty and stuff I still do now. I still consider myself in poverty even though I have a job and make a decent salary. I hope this helps you. + +We fucking warned you. Over and over and again and again since the January debacle. So stop bitching and accept responsibility for your actions. + +Also, this isn’t a Doge sub. + +And, we did fucking tell you. +You won't earn any less if minimum wage is all you're making and the cost of living is soooo much cheaper. We recently bought a NICE 1,800 ft² brick house 4 bed 3 bath with a finished basement and our mortgage is $550/mo. I've seen rent as low as $300/mo + +Contrary to what the media would have you believe, it isn't like deliverance. People are freindly, helpful, and educated. Most towns are within reasonable distance of a small city if you want to go experience the city on the weekend. + +There's plenty of space and no one tells you want to do on your own property. My brothers and I grew up poor here but we still could afford 45 acres of land and a home ($35,000 for land and home @ present value). + +Cities are machines designed to extract capital from its citizens under the guise of convenience. They've built a place you never have to leave. You can live your entire life there, own nothing, and spend all your money there which maximizes city tax revenue. Meanwhile, you'll have nothing to show for your hard work. You won't have a home or property to leave your kids and you'll be lucky if you can save enough to retire, let alone create any generational wealth. + +Between higher vehicle prices, higher insurance, and parking fees, it becomes more "convenient" to rent an Uber. You spend so much time working to pay rent for your tiny apartment, you dont have time or energy to cook so you eat out, or if you're REALLY exhausted, you pay someone to deliver your food. + +I thought I wanted to live in the city at one point, but once I was there, I couldn't get out fast enough. + +Edit: obviously, if you have a good paying job and like the city, you should stay. However, if you're making minimum wage or not much above it, it might be worthwhile to consider moving somewhere with a cheaper cost of living as you don't have much to lose in terms of wages. + +Edit2: I would say the greatest factor that allowed me to prosper despite growing up poor in a rural area is the fact that my parents were able to leave my brothers and I property that was paid in full so I didn't have to take on rent or mortgage until I was ready to. That allowed me to save money. Cities don't seem to be conducive to creating generational wealth for the commoner. +A 4-year degree just isn't what it used to be and there are good paying trade jobs available these days because everyone thinks they need a 4-year degree. + +[NPR article on this topic](https://www.npr.org/sections/ed/2018/04/25/605092520/high-paying-trade-jobs-sit-empty-while-high-school-grads-line-up-for-university) +I routinely see people talking about how DCA is the "right way" and is the core strategy everyone should be using. Having been an investor (and no, not just in crypto), and worked in finance for \~10 years, I hope the following can be of use to the new people in crypto: + +&#x200B; + +1. DCA \*is a good strategy\* typically only for broad, diversified, passive investments. For example, in a Total Market Index instrument, or a gov bond package etc. +2. DCA \*can be a good strategy\* for assets with strong fundamentals. You could theoretically make this case for BTC and ETH (and even that's a stretch). But vast majority of crypto projects do not fall in this category. +3. DCA is \*not a good strategy\* for any assets that are highly volatile and you are expecting a big price pump on to realize your target gains. This is where vast majority of crypto projects (and crypto investors) fit in. It doesn't matter how much you DCA projects that have a real risk of going to zero, you are essentially throwing good money after the bad. +4. DCA is a recommended strategy for dividend bearing investments (where you are getting a solid APY that offsets opportunity cost etc). This allows you to over time build up a strong yield cashflow independent of market fluctuations. + +&#x200B; + +Vast majority of crypto investments just don't fit the DCA model. Almost no crypto project has fundamentals in place (there is no true revenue source, no product or service provided to end consumers etc). BTC practically acts like a mid-cap 1000 index fund, and one can argue in favor of DCA with it. And almost no crypto projects have reliable non-crypto based dividend yields (with a few, rare exceptions). + +And most investors in crypto are simply not looking for a 5-10% annual increase in their portfolio (the kind of target DCA is most suitable for). They are looking for 100%-10000% gains. If you are in this category, you are much better off taking a small amount that you will not miss and putting it towards a few cryptos you are convinced will do well in the long term. Then forget about it and don't check on it for a few months at least. + + +Set some price alerts where you will take profit (for example if you are up by a significant amount, you should exit from a portion of the portfolio to recoup your principal). This is the best way for you to capitalize on your 'lottery ticket' without being wiped out or panicking daily as the market fluctuates. + +&#x200B; + +I am not a hater and if you feel like this is saying something negative about your chosen project, it isn't. But you should take a moment to re-evaluate your position if it is causing an emotional response. + +&#x200B; + +TLDR: DCA is not a sound strategy for most crypto projects and has become a 'cover' for addictive/gambling behaviors which is just throwing good money after bad. +So everyone is going to have their phone number shares at CS, and all the banks are going to implode. What exactly do you do if you sell one of your CS shares (hypothetically) and get the check in the mail for it? + +Take it to a payday lender? You obviously can't take it to a bank... I know no sell no cell yatta yatta, but really.. if you have 50,000 shares at CS that can be wired to an account or sent a check for, how do you extract any of that for your dying grandma if there's no bank to exchange it for cash? +I'm a novice when it comes to options. I understand the basics, and I've dabbled in them. + +My dabbling in options was putting $2k (which I was willing to lose) into an account with options trading enabled, and playing around with it. I went through all the bullshit. I felt like a champion turning that $2k into $4k. Then I felt like an idiot turning that $4k into $900. At the end of the day it was a thought experiment where I wanted to see how I'd do trading SPY / AAPL / QQQ options, and it panned out exactly like I expected. Markets don't make sense, and never will. I will never understand how a company can miss on every metric, but throw some bullshit into their earnings about cost cutting and suddenly they transform from a shit covered rock into a diamond. I am good at predicting what will happen badly. I'm horrible at actually following through with my "grand plan" to the point that being a good predictor has any value. It's easy for me to make a guess that ultimately pans out on paper, and within the timeline of my option, but when things go a little awry, I lose confidence in my prediction quick and liquidate. Theta is an absolute bully. I'm always terrified of the decay eating away at any chance of profit even if I am right. I'm not cut out for day trading, and especially not day trading options. It feels like horse racing to me. You can do as much research as you want and decide that horse A with Jock B is going to win based on whatever variety of bullshit you read, but at the end of the day if Jock B is feeling a bit groggy or something, you could lose everything despite doing your due diligence and research. I also hate that incessant need to be constantly checking my account. I've literally never been stressed taking a shower before I dabbled in options trading (I know of limits, and stop orders. I just suck at utilizing them). I'm definitely not saying options are a horrible mechanism to trade with. I think they're great. I just think they are made for the exact opposite person as me. + +All that said, I do still want to take advantage of their existence and had a plan on how to do that, and was looking for any guidance and potential suggested reading or resources. I'm especially looking for anyone to point out any wrong assumptions I'm making, or clarifying anything I'm not clear on. + +While I suck at options, I have done decent in the market. I'm a firm believer of Fundamental Analysis, and I have a few ponies I've picked who have panned out well that I'm wanting to possibly use options as a way of supplementing my profits and hedging potential losses. I know of the "wheel" strategy, and I'm a bit skeptical of doing that with so much uncertainty in the market lately. I feel like I'd probably get assigned; Especially with these monthly Fed meetings and CPI reports. + +How I'm invested thus far: + +STOCK: + +300 JPM - I did an analysis of JPM a few months ago and went in heavy at about $108 - $113 range. I like their book value, and I especially like their dividend, too. + +150 AAPL - started buying a while back. + +200 GOOGL - I actually bought this pretty low, recently. I've always wanted to own google stock, but it is just recently in the price range I like + +50ish HD + +&#x200B; + +ETF: + +250 VOO - I've been buying VOO weekly using DCA. + +300 SCHD - I love dividends, so I've bought quite a few of these. + +200 JEPI - see above + +50 VNQ - wanted some form of real estate in my portfolio + +150 BND - wanted some bond exposure, too + +&#x200B; + +What I'm wondering about is the feasibility of writing covered calls OOTM, but somewhere to more than cover my cost basis, and then use the premium from the covered calls I write to buy NTM puts that was placed out about 6mo - 1yr, and roll them on a 3-month basis? + +My only concern is I chose VOO before I knew much about options, and the liquidity of VOO on the option market seems nil. I didn't go with SPY due to the way it's set up, and the slightly higher expenses. + +I was also thinking of wheeling Home Depot based on some fundamental analysis, and if I get assigned, I could just start writing calls on that stock as well. + +&#x200B; + +Basically, I feel like there's potentially some money on the table here, and some risk mitigation I'm not utilizing. I'm wondering what the flaws are? I'm also wondering if there's any risk I'm not considering? +Hi. I'm 17 years old, and I'm afraid my credit will be negatively impacted by my parent's foolish decision. A few years ago, they created a Xfinity account under my name, but closed the account and had several hundred dollars left unpaid. A couple of years ago, I received a letter from a collection agency saying I owed this money. I'm wondering if it will transfer over to credit. I asked my dad if he would pay it off and he said it would, but some years later, and nothing. +The megamerger between Budweiser maker AB InBev and SABMiller, the maker of Stella Artois and Fosters among many others, is finally official. + +AB InBev and SAB confirmed in regulatory filings on Wednesday that AB InBev is coughing up £71 billion ($108 billion), or £44 a share ($67), after AB InBev played a long game of hardball. The original bid was £38 a share. + +The deal brings production of Budweiser, Stella Artois, Leffe, Fosters, Pilsner Urquell, and many more under one roof. It also puts a huge chunk of the world's beer market in the hands of one company. +I want to have a nice car. I really do. But I just can’t justify it because it’s a depreciating asset. Right now I have a 2013 Nissan Almera which has proven itself to be reliable even though it feels like it’s made out of plastic. The most I would spend on a car would be 20k , the one I have now cost 6.5k. +So I lived in an apartment from Jan 2014 to Jan 2017 and paid my electricity and gas happily. It's now November and I received a bill from AGL wanting around $800! + +They claim they have received incorrect meter readings and wrote "Sorry we undercharged your account" and "This has now been resolved and you'll find a corrected bill enclosed." + +Haha they really have to be joking? They surely can't expect anyone to pay $800 almost a year after moving out. + +Has anyone else experienced this? Did your energy provider chase you? Did they send the debt collectors? +As every counter argument results in ban on the other sub, I bring it up for a solid conversation here. +As far as I know brokers and funds are both owned by different investment banks. +GameStop was shorted by 120% of its value before the bumm. H Funds had made short contract with another investment banks, which have given these shares to them. Every penny the price goes up, the bank on the short side loses money to the bank on the borrower side. +But not only that, several investments banks are sitting in long position additionally, probably around 80% of the total shares. They have had a massive profit in the last few days. BlackRock for example had several dollar billions of profit in the last few days. + +Am I missing something or Reddit is giving a nice Q1 bonus for the sector? +Money is tight, but we're okay. Hubby heard about a back-to-school drive on Facebook in our area that happened on Saturday for kids going into grades 7-12. +We hadn't gotten around to buying school supplies yet for our two teens (High School age) and 8th grader. I was planning on buying them school supplies this Friday when I got paid from main job-we had saved about $250 and was planning on spending another $200 from my check- roughly $400-$450 on school supplies. + +Hubby and I stopped by with supply list in hand (High school doesn't supply school supply lists for some reason) and OMG we got hooked the hell up. + +We were not judged, no proof of income or anything-just stopped by and said we had x many kids in x grades at x school. They did our youngest first- everything on her list for 8th grade- all brand new, unopened. They even let her pick out a backpack. My oldest 2? They also made out like bandits. They got to pick out a backpack and every possible school supply a 10th and 11th grader could need. Pens, post it notes, pencils, clarinet, sax and bassoon reeds for my 3 band nerds, highlighters, notebooks, binders-composition notebooks, graphing paper- I mean everything they could possibly need. + +Hubby mentioned now all we need is to get them the required calculator for math class- and one of the volunteers asked them what kind of math classes they were taking, and he told them Algebra (for our 8th grader) Trig and Algebra 2 for our 10th grader, and the 11th grader is taking Pre Cal 1 and 2 this year. The volunteer disappeared and came back a few minutes later with 3 very gently used but almost new looking Ti-80 graphing calculators. + +According to the volunteer the person who donated 650 very gently loved/can’t tell they been used except it doesn’t come in brand new packaging- Ti-80 graphing calculators could only get them in pink, bubble gum pink, neon pink, a weird lime pink, hot pink, floral pink, and strawberry peach pink. But the school district was fine with that. So…my oldest boys had this awkward looks on their faces and I told my two boys “thank the lady” and my hubby just about gave them the death glare if they were going to protest. But they graciously accepted. I later told them “I would hate having to use that color pink as a calculator in math and science class- I get it. I understand. If anyone teases you, tell them they are just jealous they don’t have such a unique calculator.” Thank goodness the kids were champs! + +Oh and the kicker- no, they didn’t need new clothes are shoes- I had already bought them about $100 worth of new school clothes/shoes ect at the first of the month when checks came in- but the volunteers insisted. So, they each got 2 more new outfits (2 shirts, 2 pairs of jeans- daughter choose 2 shirts, one pair of jeans and a dress) package of socks and underwear, new bra for daughter, brand new pair of shoes for gym class, plus appropriate shorts, and shirt for gym class. +Not once did the volunteers make me or my kids feel like shit, or they were poor or have the attitude of shut up you ungrateful bastards- they were so kind. Kindness exists in the world! +原文标题：House of Cards - Part 3, u/atobitt + +原文发布日期：2021 年 5 月 27 日 + +原文链接：[https://www.reddit.com/r/Superstonk/comments/nlwqyv/house\_of\_cards\_part\_3/](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) + +著：[u/atobitt](https://www.reddit.com/user/atobitt/) + +译：[u/zhishy](https://www.reddit.com/user/zhishy) + +PDF 版本：[https://drive.google.com/drive/folders/1fY7UXelAvvqdWvpGhuZ4zZ\_9GzFu6kwi](https://drive.google.com/drive/folders/1fY7UXelAvvqdWvpGhuZ4zZ_9GzFu6kwi) + +**5. 沼泽之地** + +**6. 华尔街 shi 定了** + +**7. 资源** + +\--- + +*\[原文已由证卷法律师 Wes Christian 博士与人工智能专家 David Lauer 审阅。\]* + +\[从《[卡牌之屋 II](https://www.reddit.com/r/Superstonk/comments/o9k5fv/gamestop_%E7%90%86%E8%AE%BA%E5%9F%BA%E7%A1%80_1_%E5%8D%A1%E7%89%8C%E4%B9%8B%E5%B1%8B_ii_simplified_chinese/)》继续\] + +**5. 沼泽之地** + +在与 [Wes Christian 的访谈](https://www.youtube.com/watch?v=2rJujnpKiqM)中 \[1\]，他谈到，根据他的事务所为法律诉讼获得的数据，实际空头头寸多次被严重低估。根据他的估计，在大多数情况下，实际空头头寸比向 SEC 报告的还要高出 50% 至 150%（14:30 开始）。 + +他们的目标并不是解决问题，而是隐藏问题。少报空头头寸的公司正在滥用空头头寸的计算方式来获利。由于 SEC 依赖经纪商与做市商提供的报告，而 FINRA 需花上数年时间才能揭露这些报告中的谎言，因此经纪商与做市商能够持续撒谎而无需立即面临后果。这样的机制允许这些公司在高风险环境中运营，而无需暴露他们的实际风险偏好。 + +Wes 博士提到的另一个例子是[美林证券 (Merrill Lynch)](https://www.sec.gov/news/pressrelease/2016-128.html) \[2\]。2016 年，美林因使用客户账户中持有的证券来支付自己的交易而被罚款 [415,000,000 美元](https://files.brokercheck.finra.org/firm/firm_16139.pdf)（违规行为 3）\[3\]。请看看我从那个案例中截取的截图： + +[\[图 1\]](https://preview.redd.it/iyqkjzcdi7871.png?width=1115&format=png&auto=webp&s=462afd4ce95d009f19607c8fb584261f9a7c67c4) + +还记得我们在 Apex 的案例中提到的 [SEA 15c3-3](https://www.finra.org/sites/default/files/SEA.Rule_.15c3-3.pdf) \[4\] 吗？那个案件中，Apex 要求客户将空头头寸记录到现金账户或空头保证金账户中，而 SEA 15c3-3 旨在保护这些客户，以免经纪商被允许借出客户现金账户中的证券…… + +然后，美林 TMD 完全当这法规不存在似的... + +[\[图 2\]](https://preview.redd.it/6s7kku4fi7871.png?width=1129&format=png&auto=webp&s=9bd23fe2c72bbbb112dc7b85c5a45ce04dae8d9f) + +美林让他们的客户准备金账户中的所需存款看起来比实际金额低得多。如果将金额降低到最低资本要求以下，梅林便将无法使用这笔现金了。因此，美林找到了一种能够捏造数字的方法。而这么做之后，美林不仅可以规避监管机构发出的警报，还可以获得高风险“机会”的好处。如果美林在那段时间申请破产，那些客户肯定会一脸蒙 B。 + +关于卖空，实际的空头头寸是不可知的... 我这里说的不只是卖空特殊符号相关的违规行为。当一家公司未能交割被卖空的证券时，这就意味着该公司正面临一些问题... 现在，试想想这些未能交割义务开始堆积，而该公司\***还在**\*继续卖空该证券... 你以为我在开玩笑吗？ + +看看[加拿大皇家银行 (Royal Bank of Canada)](https://files.brokercheck.finra.org/firm/firm_31194.pdf) \[5\] 都做了些什么： + +[\[图 3\]](https://preview.redd.it/23ugbfjgi7871.png?width=812&format=png&auto=webp&s=d06a925f79d8c8bf5e804adcbe764f1438535d83) + +我再次被震惊了。然而，还是[高盛 (Goldman Sachs)](https://files.brokercheck.finra.org/firm/firm_361.pdf) \[6\] 牛 B 一些： + +[\[图 4\]](https://preview.redd.it/01xkgk7ii7871.png?width=1031&format=png&auto=webp&s=48833170397f570a509083185977faab0631497b) + +高盛在 4 个月内有 68 次未能履行未能交割的义务... 而其中 45 次，高盛\***继续**\*从客户那里接受仍有未能交割义务的证券卖空订单... + +当一家公司因杠杆拉得过高而面临大问题时，该公司会行云流水地来一套骚操作来平息问题。再次声明，这些骚操作都只是欲盖弥彰之举。正如美林证券人为地低估客户准备金一样，其他公司也会做些事情来假装自己已经弥补了空头头寸。 + +其中一个方法就是在买入前卖空\***一大堆**\*股票... 既然我们正谈论高盛，我们就来看看它在这方面多么有经验吧。 + +[\[图 5\]](https://preview.redd.it/w6zh468mi7871.png?width=1049&format=png&auto=webp&s=710bda6911adec2715406627146d4c35e76969df) + +相信我，事实就是这么 TMD 直白... + +所以，这里发生的事情是，当高盛的客户仍有一个未能交割义务，而该证券即将被大量买入时，高盛知道买入压力将对客户造成巨大损失。因此，高盛会在买入的同时做空\***至少**\*与购买量相同的证券... + +你是否曾经还不了贷款，所以跑去另一家银行借贷，用借来的钱填补第一个贷款的义务？高盛就是在做着这样的事情... 你可能在想... “这不就是金字塔游戏【或“庞氏骗局”】吗？”你丫的就 TM 是：这套操作下来，问题完全没有获得解决。 + +高盛还有一个违规行为记录，而这记录活生生地展示了什么叫 TMD 有钱就能任性。看到此违规纪录后，我不相信任何人还能说什么证券借贷业务不存在系统性风险... 请看下图： + +[\[图 6\]](https://preview.redd.it/mzip3pgni7871.png?width=940&format=png&auto=webp&s=98d77c65b76e1209a866be463fb73513f5742db9) + +那 5 年来，高盛依靠一个 10-12 人的团队来定位客户用于卖空的股票。该团队被称为“需求团队”。随着定位请求不断增多，很自然地，该团队正确记录所有定位请求的工作也会变得越发困难。然而，虽然\***每日**\*定位请求量在需求达到顶峰时可达 20,000 个，但团队规模仍保持不变。 + +显然，这对该团队来说太难处理了，所以他们选择不再手动记录定位请求，并找到了另一个解决方案 -- “F3” 键... + +是的 -- TMD “F3” 键... 此按键可激活一个自动填充系统，而该系统完成了高盛 \***98% 的股票定位请求**\*。 + +[\[图 7\]](https://preview.redd.it/mgmq6ijoi7871.png?width=964&format=png&auto=webp&s=e714028c9dd304d4d3c5c45acf8c8a90d2d6aa53) + +高盛的自动填充系统的问题在于，它使用了当天开始时可供借入的股票数量，而【根据该自动填充系统本身的机制，】这些股票是被视为“已耗尽”的。启用自动定位功能后，需求团队甚至没有验证自动填充功能的准确性，也没有记录每个订单的股票是用哪种方法来定位的... 而这个问题持续了 5 年... + +这就是高盛对小细节的处理态度。就问你惊不惊喜，意不意外？高盛啊高盛，我水土不服，就 TM 服你。 + +既然讲到高盛，我就再讲一个高盛的卖空特殊符号相关违规行为吧... 请先做好心理准备，因为这... + +[\[图 8\]](https://preview.redd.it/mcfdr7opi7871.png?width=1082&format=png&auto=webp&s=61fbcd29ffffe39ddc4d403d4260e4416608e51d) + +我... 你 TM 还能再骚一点么... 此违规行为延续了长达 4 年，并涉及超过 380,000,000 个空头头寸... 当然，高盛还因许多其他空头头寸违规行为而被罚，但这么严重的一次违规行为，FINRA 居然用了区区 10 行的篇幅就把它带过了... 我猜相关的监管者应该是饿急了，等着吃午饭吧... + +我在这里要谈及的最后一件事是卖空者如何使用期权来“填补”头寸。Wes 博士在一次访谈中很好地概述了此问题（从 6:25 开始）。基本上，一组人会购买看跌期权，而另一组会购买看涨期权。这套操作会创造出一个合成股票，而该股票只能在期权激活时被交易。然而，卖空者会使用该合成股票来弥补他们的空头头寸，而监管机构居然接受这样的行为... + +但是，就像 Wes 博士指出的那样，绝大多数的期权都在未激活的情况下就到期了。这意味着这些合成股票永远不会被交割。他们可把期权的到期时间设在数个月后，并藉此让这金字塔游戏继续下去。 + +我们应该都还记得，在 1 月份 GameStop 股价飙升不久后，该证券的期权活动变得异常活跃。[u/HeyItsPixel](https://www.reddit.com/u/HeyItsPixel/) \[7\] 是最早发现此异常情况的人之一。虽然这些活动中有许多是散户主导的【即购买看涨期权】，但我怀疑也有许多是卖空者在购买看跌期权以“弥补”空头头寸。 + +\--- + +**6. 华尔街 shi 定了** + +我已经写了足足 20 多页，但却还是意犹未尽。还是把其他内容放到以后再说吧。在这里，我就以一个绝佳的好消息总结一下以上内容... + +这一切都要从一个 2005 年发布，长达 [73 页的 PDF 文件](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf) \[8\] 开始说起。该文由一个名叫 John D. Finnerty 博士的银背猿撰写【银背猿：猿类的领袖】。 + +当 John 博士发布《卖空、死亡螺旋与股票操纵的盈利潜能 (short selling, death spiral convertibles, and the profitability of stock manipulation)》时，他正于福特汉姆大学 (Fordham University) 担任金融学教授一职。该文的许多内容都与今天息息相关，尤其是涉及裸空的部分。他深入研究了卖空者使用的确切公式，但这些公式已经远远超出了我个人的理解范围... + +然而，当一些公司正裸空一家公司以使其破产时，他们会留下明确的“足迹”。通过这些足迹，就能找到他们恶意裸空的证据... + +[\[图 9\]](https://preview.redd.it/4u973a7ri7871.png?width=1072&format=png&auto=webp&s=1f6e2d84ae7505134b4fce228b8595e41f681a33) + +就问你这味儿熟不熟悉？ + +“除非操纵者可以裸空大量股票，不然他将无法将股价推向接近零... 这种操纵形式将导致... 异常大的成交量，以及异常大与持续的 NSCC 报告未能交割量。” + +有谁还记得 GME 在 1 月波动时的成交量？\***2021 年 1 月 31 日至 2021 年 2 月 5 日间的成交量为 1,508,793,439 股**\*，即日均成交量为 \***88,752,555 股**\*。2021 年 1 月 22 日的成交量甚至达到 197,157,946 股… 这是现有股票数量的至少 3 倍... + +如果这还不算异常成交量，那我也没什么可说的了。此外，在此期间，GameStop 的未能交割量也极其疯狂： + +[\[图 10\]](https://preview.redd.it/v7bq737si7871.png?width=1625&format=png&auto=webp&s=a3c1371b17f77e27bab8fd4a1d0cfff4007abe57) + +&#x200B; + +[\[图 11\]](https://preview.redd.it/y5rpzhati7871.png?width=1038&format=png&auto=webp&s=3b733f4064c7a1d228ee6448e66a0b067e87f881) + +&#x200B; + +请注意以上内容：\***如果**\*【被做空】公司的股票因破产而被注销，操纵者的补仓义务将被免除。该 PDF 文件第一个截图中的第 65 和 66 号脚注引用了一家他用于分析此问题的公司... + +[\[图 12\]](https://preview.redd.it/toah2o4ui7871.png?width=997&format=png&auto=webp&s=09676b157960e6248c829055d8ca06f91df108e7) + +2005 年，Charter Communications 的空头流通量高达 \***241.8%**\*... 操纵者逃脱的\***唯一**\*方法就是把该公司搞破产以免除回购这些股票的义务... + +猜猜 Charter 最后怎么样了？他们在 2009 年申请了[破产](https://abcnews.go.com/Business/story?id=7189668&page=1) \[9\]... + +然而，与 John 博士给出的例子不同，这一次，散户投资者齐心协力把华尔街压下来的大手给硬生生顶上去了。就像我与 Trimbath 博士和 Carl Hagberg 讨论的那样，1 月和 2 月的成交量上涨主要是因裸空者试图压低股价而导致的。就像我在高盛的例子中所展示的那样，操纵者会以完全相同的原因在买入时卖空 -- 如果要稳定价���，你就必须稳定供需。 + +你知道 Charter 缺了什么才破产的吗？ + +\***当然是一群铁了心拯救被做空公司的人猿军团呀**\* + +\*\*\*所以，钻石手给我 TMD 预备好，我们一起欢乐持股，干翻华尔街！！！\*\*🦍🦍🦍🚀🚀🚀🌝🌝🌝\* + +\--- + +**7. 资源** + +\[1\] [https://www.youtube.com/watch?v=2rJujnpKiqM](https://www.youtube.com/watch?v=2rJujnpKiqM) + +\[2\] [https://www.sec.gov/news/pressrelease/2016-128.html](https://www.sec.gov/news/pressrelease/2016-128.html) + +\[3\] [https://files.brokercheck.finra.org/firm/firm\_16139.pdf](https://files.brokercheck.finra.org/firm/firm_16139.pdf) + +\[4\] [https://www.finra.org/sites/default/files/SEA.Rule\_.15c3-3.pdf](https://www.finra.org/sites/default/files/SEA.Rule_.15c3-3.pdf) + +\[5\] [https://files.brokercheck.finra.org/firm/firm\_31194.pdf](https://files.brokercheck.finra.org/firm/firm_31194.pdf) + +\[6\] [https://files.brokercheck.finra.org/firm/firm\_361.pdf](https://files.brokercheck.finra.org/firm/firm_361.pdf) + +\[7\] [https://www.reddit.com/u/HeyItsPixel/](https://www.reddit.com/u/HeyItsPixel/) + +\[8\] [https://www.sec.gov/comments/s7-08-08/s70808-318.pdf](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf) + +\[9\] [https://abcnews.go.com/Business/story?id=7189668&page=1](https://abcnews.go.com/Business/story?id=7189668&page=1) +Edit: Prime it’s self can be valuable if you are using the extra perks or any certain situations. Heck you can find great deals. My point I’m making is saying with the convenience factor of Prime it has enabled me to spend on items I probably didn’t need. When you go to the physical store and see your shopping cart full of items, would you place that item in there? Probably not . It’s easy to buy random items on amazon, it’s harder to justify the same purchase when you shopping cart at a store is filled with items you really need. + +Edit: while this worked for me it may not be suitable for everyone. What this has taught me was to evaluate my spending habits, look for deals locally. Again, take a look at your amazon history and ask your self where are those items now? + + +The best thing about amazon prime is the convenience of shopping without leaving the house. The down side to this easily buying crap you don’t need, or crappy products that break after the return date. + +I cancelled my amazon prime account, and went with the idea of if I truly need it and I have to drive to the store to get it, and I don’t want to drive to get it then do I really need it? After comparing the first 6 months of the year now. My spending has decreased 21.5% and this is with the holidays. I was able to pull data from my Amex, and the results blew me away!! +With the news of Microsoft acquiring them at $95 per stock, it seems like a good investment right now, 30% profit when the transaction completes (the current price is $72.59). + +Besides the risk of the transaction not going through, are there any other risks I don't understand? +I've been in the crypto space since 2011 and I haven't been this disappointed with the direction the community was headed since centralized coins began being viewed as legitimate by so many crypto users. + +You can't hack crypto, you can't shut it down, you can't regulate it, you can't stop transactions. But apparently you can try to de-legitimize it by creating meme coins and then turning them and the entire space into a spectacle. It doesn't reflect well when centralized coins and meme coins have such a large presence among truly revolutionary protocols like Bitcoin, Ethereum, Cardano, etc. + +And no, I do not think meme coins are a good outreach tool or a good introduction to crypto. In other areas of life, it's best to teach good fundamentals early so that these principles grow with you. It's the same with crypto. There are plenty of solid coins that have a low barrier of entry without sacrificing fundamentals. Those are the coins that should be promoted to beginners, new crypto users and the public. +So my brother (45 yo) who lives 1000 miles away just got out of prison earlier this month. No family to help any more as mom passed when he was serving his 6 year sentence. He was released with just the clothes on his back. He had no ID, no social security card, and no birth certificate. No job, was given a place to sleep at a homeless shelter for 2 week increments that is re-evaluated and determined if needed. + +Fast forward 2 weeks. He already got 2 job offers. He accepted one job offer that has him working 7 days a week for $14 an hour at a mexican food restaurant. He has gotten his license, and waiting on birth certificate from health department of state he was born. Social security card is a work in progress. He has to check in daily to see if he has to get drug tested. If he does then he has to find a way to get to a location 2 hours away one way, without a car.....that day. For his parole officer meetings once per week, his P.O. is nice enough to meet him.....otherwise he would have had to travel 30 minutes drive time away in next town over, with no car. + +Next steps. We have discussed opening an online bank account like a cash management account from fidelity. Big banks charge monthly fees and low balance fees. The online CMA does not and actually works well because he can also deposit check using his phone. ATM fees are reimbursed. We also discussed a budget and to use the office app on his phone and use the free storage to track his expenses. + +Future next steps. +1. Rent a place to live. This is going to be tough. Rent is expensive and limited at his location. We have discussed renting a portion of a home from someone but I do not know of many people willing to do that for a convict that just spent 6 years in prison. +2. Six months emergency fund for living expenses. +3. Used car purchase? I recommended to just foot it for a while to keep expenses low. + +Long term goals. We have yet to discuss purchasing a home. Also no talk of investments. At this point, I think he would be best served grinding out jobs and keeping expenses as low as he can keep them. Then buy a cheap small house and try to get it paid off before 65 years old. At that point he will have a home and collect social security. Then he could focus on investments. + +This is all assuming he stays motivated and follows a very structured and grinding it out type of path. + +On a positive note. He has no debt, and no financial obligations except his own survival. +Buying at this 2750 level means that you: + +&#x200B; + +1) think that pandemic is not a major problem + +2) think that things regarding trade war are better than Jan 2019 + +3) the outcome of the unpredictable virus is already priced in. So in essence something with no clear end is already priced in. That's impossible due to no quantitative reasoning but I am willing to accept it. + +Can someone explain this thinking? +So I feel I am now about to be making enough money doing my hobby which is a DJ I make at least £13k a year now on it and feel I need to sign up as self employed. I just don’t know where to start and how it works? +Never had to do it in my life yet as self employed. +Hi UKPF + +Me (26) and my partner (27) are looking to purchase our first home together. We have found a 3 bedroom 2 bathroom property in an area we really like for 205k which is a steal in comparison to other properties in close proximity which are ranging from 230-260k. When questioned why the property was on for 205k, the estate agents said it was because the sale fell through on the buyers side. The estate agents also said the vendor is desperate for the cash from the sale, as they need it to process an offer on a new property. Realistically, the property will need a brand new kitchen and bathroom, as well as some modifications to the garden and a general tidy up. + +Me and my partner have made an offer, as well as another buyer for similar prices, and feedback from the estate agents is that the vendor prefers us as buyers as the opposing offer is using a gifted deposit. + +However, today we have been made aware by the estate agents that the property is in very close proximity (within 250-500m) of the proposed HS2 route coming through into Manchester. When discussing this with my partner and parents, they get an uneasy feeling that the property will be harder to sell in the future. I am yet to make my mind up. I have read conflicting reviews that HS2 might not happen, and others saying that it will be completed by 2040. + +My question is, if YOU were in my position, how would you act? Would you continue with the offer and buy the property? Or would you exit and continue your search? + +For background info, me and my partner had previously agreed that we would likely stay in this property for roughly 5 years before moving away from Manchester to start a family. I guess the main worry is that we buy the house, invest 10-20k on renovations, and fail to sell/recoup that investment in the future. The other buyer who has made an offer was previously aware of the HS2 implications, so a reduced offer isn’t on the table. + +Thanks for reading, any questions or further details needed please comment! +I got payed, first time, paycheck once every two weeks at 2 and here's the breakdown, IDK if this will be done every two weeks or once a month + +Gross: 2,145.40 +Netpay: 1,539.47 + +So California taxes and federal taxes took about 605$ and here's the breakdown + +- Federal tax 304.31 +- State Tax CA 92.26 +- OASDI FICA (IDK what this is) 131.27 +- HI Medicare (whats HI medicare?) 30.70 +- Kaiser CA - Pre (I thought this was medicare) 34.84 +- State DI CA (IDK what this is) 19.05 +- Safeguard Dent - Pre 2.50 + +Can someone tell me how "HI Medicare" is different from "Kaisar CA"? + +What are "OASD FICA" and State DI CA"??? + +**Buying a house with family** would I be able to say I get 56k a year to cosign on a house? and how long do I wait till I can put my name on a mortgage loan? + +Thank you in advance! I'm crying internally now +I am an aspiring investor, and I feel that I have gained sufficient knowledge to the point where I am nearing my first purchase; however, it is obviously very nerve-racking to move ahead with the first purchase outside of the theoretical calculations and research. I was looking for some anecdotes that could perhaps reassure my process going forward. +Apologies if this question is too general. Thank you all for your wisdoms! +31 years old +166k in my retirement rollover from previous company +30 k in cash +I have just began to save and invest 500$/wk from my w-2 (electrician) into a Roth IRA and taxable brokerage. + +Real estate owned- single family(primary residence) 3 family, 2 family. The 2 multis met me 1400 every month after all expenses future expenses. + +potential property- +Location- A- +Purchase price 370k +Down payment- 92,500 +Mortgage payment- 2,235$ +Rent- 4,500 + +Deals like these don’t come up every day. The house is a 3 family in a excelente location. + +I see this as a great opportunity for cash flow but I would have to withdrawal 60k from my retirement and pay the taxes and penalties. To net 60k for the down payment I would have to with drawl 92k from my retirement. It would take me 14 months in cash flow to make my money back from the retirement withdrawal. Has anyone withdrew money from their retirement for real estate investments? Is this a good idea or should I just wait 3 years and save up cash for another down payment? +For those prepping for opportunities, how much cash are you keeping available? I think we all know that lending tightens way up when markets decline, so are the saavy investors keeping funds available for cash purchases or mainly looking for creative deals? +We have tenants that have been having louder and louder fights. The cops have been called before by neighbors, and today our other tenants let me know about an especially loud fight that happened. I’m not sure what the best way is to proceed. I don’t know if this is a safety issue or if they’re just people with especially poor communication and deescalation skills. My goals are the safety and quiet enjoyment of everyone on the property. + +If you’ve been in this situation before I’d love to hear your thoughts! +I am curious to pick the minds of RE investors on reddit. + +&#x200B; + +What's your ideal plan if you had $500k available in HELOC but you haven't owned a rental property yet. Let's say you want to start buying rental properties in the NYC/NJ/CT area and have these HELOC funds available at your disposable. What's your game plan to generate cash flow at a fast pace? + +&#x200B; + +&#x200B; + +What I would do: Ideally I would focus on higher percentile CoCr properties. The HELOC funds would be distributed into numerous down payments on properties with at minimum 15% CoCr. The pattern would basically be 1) locating a cash flowing property with the min CoCr 2) HELOC to support the 20% down payment 3) While this property is cash flowing, repeat stops 1 & 2. Obviously there are more caveats involved but this is just to explain on a simple level. + +&#x200B; + +&#x200B; +I’m currently in the process of working with my state to take my licensing courses to get me on track to become an agent, which I feel will help me get better into sales, network better, and overall get a good feel for the industry by getting my feet wet by working with properties. + +Obviously I want to invest in my own properties, whether flips, BRRRR’s, renting, etc, I want to do it all. My question is, how many of you are actual Real estate professionals, and aside from tax related benefits, what benefits do you yield from that title when it comes to your properties? +https://www.reddit.com/r/investing/comments/oj3pgx/with_an_extra_300k_would_you_invest_in_an_index/ + +/r/investing seems to think remote managing property is a horrible idea and are almost all in favor of index funds over real estate in that situation. What are your thoughts? +Hi everyone, + I am Currently paying 3000 in rent. I am considering buying my first property - a fourplex in Chula vista SD in an AWESOME location. I am currently pre-approved for $1100000 for a single family unit. I will have a talk with my bank to see if they can lend me $1300000(the price of the property). I will also have to sell my index funds to cover the rest of the 20% down payment. This place was sold last year at $1100000 and the owner says he is a real estate investor and wants to free up the money so he can buy other properties (maybe there is an issue that he sees which makes it not worth his investment???). + +Here is the details of the property: + +- Has 3 units and a shop + +- Zoning UC-2: Gateway (Transit Focus Area) - Primary Land Uses: Mixed-Use - Residential; Retail; Office. New zoning allows construction of 20 units (I have not confirmed with the city yet). + +-Lot size 5,169 Sq. Ft + +- Living Area: 2100 Square Feet + +- Gross Income: $67,500 + +- Gross Scheduled Income: $67,500 + +- Net Operating Income: $47,500 + +-Cap Rate: 3.63 (not sure how they got this) + + + +My thinking is to buy and sit on it for 5-10 years and plan/figure out what to build. + +My question is would you invest on this if you were me why or why not? What should I look out for? What should i ask? + + + +Edit: Do you think we can find better deals (that cash flows and have a higher cap rate in SD CA)?? I am sure opportunities exist elsewhere but want to see there are deal in CA with better numbers +Hi, was interested to get your thoughts on what you would do in my position. + +My details: 30yr old. £54k base, £60k inc regular bonus. £44k savings, £1k cash (run fund), contributing 8% to pension (with employer matching). + +£4K CC debt (0 interest) + +Also have had £2k dividends for last couple of years from previous business but closing this down. + +Also have £7.5k that parents offered to lend (long term) if I want to buy a place, although ideally wouldn’t borrow it. + +My current rent is £650 in shared flat, save around £500 month but could save more (I make the most of London). + +Plan 1: + +Pay off credit card, buy flat in shit area like Thornton Heath. Would probably stretch my finances? + +(Am quite keen to have my own home) + +Plan 2: + +Pay off credit card. Carry on saving for a couple more years. + +(Realise not the most detailed plans!) + +What would you do? + +FYI: not too worried about area etc, although work in SW on Thameslink + +FYI 2: not FTB as used to own with my ex. + +Thanks! +Hi friends and family of Reddit + +I AM ACTUALLY AUTISTIC. I HAVE ASPERGERS SYNDROME. THIS MAKES ME LITERALLY RETARDED. I TYPE LIKE A ROBOT. DEAL WITH IT. IF YOU CANT, DONT JOKE ABOUT AUTISTIC PEOPLE. God dammit I can’t believe I make one educational and informative post on this sub when I know the shills are driving home from work and can’t downvote it (yes I am that good fuckers- the USB computer running tails is already in the dumpster that’s how retarded I am). + +To my true retarded ape family, even if you aren’t autistic like me- let’s have Diamond hands forever. + +I. AM. Never. SELLING. + +EDIT: I tracked on TOR the users commenting on my posts. Their accounts are less than one year old and only follow the GME related subs. Please ignore them. I WILL HAPPILY ANSWER QUESTIONS IF THEYRE DIRECT AND LITERAL. + +Edit: Thank you everyone :’) There may be current information but I don’t know if I should upload this to Reddit im scared honestly. I found it accidentally. I just want to give my family a good life; I don’t want to be a bad ape. my fiancé and I are so happy reading everyone’s comments and replies both positive and negative feedback! Thank you for being part of our family and making us feel at home + +TLDR = I think I have found all the hedge funds' information they are required to file with the US Government that is not disclosed to the public because I'm autistic (legally). Also Melvin's executive attorney has been disbarred and I found the New York Final Decision by the BAR Assoc. declaration. Copypasta'd + +BANANAS = The actual context of this post is very informative, predictive, and educational. + +&#x200B; + +DISCLAIMER: + +This is not financial advice. This is a summary of information that I've compiled last night before the events that occurred in the American market today. Although my position of stating this is not financial advice may not be correct based on laws either mentioned or unmentioned; notwithstanding, I believe this post on this particular link and any post I have made on previous links to this subreddit to be adherent toward any mentioned or unmentioned law that implies, states, whether directly, indirectly, or any other unspecified faucet that this post and any other post to [Reddit.com](https://Reddit.com) and any of its forums, databases, or any of Reddit.com 's entities, affiliates, or any forum herein and hereto declare that THIS IS NOT FINANCIAL ADVICE AND I AM IN COMPLETE COMPLIANCE TO LAW BY SHARING THIS INFORMATION. This is strictly for informational purposes. + +&#x200B; + +Ladies, gentlemen, apes, bonobos, hominid, and all of my primate family + +&#x200B; + +I'm GWG, I'm actually autistic (if we ever chat one on one, which please message me, you will see this) and here are the bananas + +&#x200B; + +Yesterday evening after work, I was expecting the market to move in a large manner as I work in tax accounting and I have a good understanding of what gets filed by whom or what individual or entity and by what date it must be filed vs disclosed to the public. + +&#x200B; + +I'm an avid TOR user because I like onions - they make my breath smell good. I found this interesting bit of .xml on TOR and I became curious. XML is the format in which you must e-file (upload your stuff, for my apes <3) to the regulatory bodies. I was skeptical because it came from TOR. The site provided the xml files that companies upload to the SEC even though they are not disclosed to the public. I shared this information with you all; it was downvoted to oblivion. To the one person who left me Gold, when I get my lambo I will give it to you. I don't care about money or anything like that. I only care about equality and justice. What I saw was not justice. + +I'm too stupid to figure out how to attach files to Reddit posts so I will just share the information with you. Heres the xml in html reported by Melvin to the SEC. Its not hard to read my apes; just ignore the special characters :) \*\*\* any type I type "..." I have removed information as the text is thousands of characters. Also this is their test submission; when you upload to the SEC or IRS you want to do a test; you don't want to file the wrong info if you're a public company or worth trillions. Yes it says test; yes this is normal. Stating this because I know there will be confusion. + +THREE PARTS STARTING NOW: + +&#x200B; + +1/3 - SHOWS IT WAS REPORTED TO THE SEC AS A TEST: LIVE TEST FLAGGED MEANING CONNECTION = TRUE! + +<sequence>1 + +<filename>primary\_doc.xml + +<text> + + +<xml> + + +<!--?xml version="1.0" encoding="UTF-8"?--> + + +<edgarsubmission xsi:schemalocation="\[http://www.sec.report/edgar/thirteenffiler\](http://www.sec.report/edgar/thirteenffiler) eis\\\_13F\\\_Filer.xsd" xmlns="\[http://www.sec.gov/edgar/thirteenffiler\](http://www.sec.gov/edgar/thirteenffiler)" xmlns:ns1="\[http://www.sec.gov/edgar/common\](http://www.sec.gov/edgar/common)" xmlns:xsi="\[http://www.w3.org/2001/XMLSchema-instance\](http://www.w3.org/2001/XMLSchema-instance)"> + + + <headerdata> + + +<submissiontype>13F-HR</submissiontype> + +<filerinfo> + + +<livetestflag>LIVE</livetestflag> + +&#x200B; + +2/3 COMPANY INFO: YES I KNOW ITS SEPTEMBER BUT THEY ARE A FISCAL YEAR COMPANY THIS IS NORMAL. THEY DONT HAVE TO DISCLOSE THEIR HOLDINGS NUMBERS ON HOLDINGS REPORTS TO THE PUBLIC ONLY TO THE SEC. WELL HERE IS IS FOLKS (jk, see 3/3 - suspense is beautiful) + +<formdata> + + +<coverpage> + + +<reportcalendarorquarter>09-30-2020</reportcalendarorquarter> + +<isamendment>false</isamendment> + +<filingmanager> + + +<name>Melvin Capital Management LP</name> + +<address> + + +<ns1:street1>535 Madison Avenue - 22nd Floor</ns1:street1> + +<ns1:city>New York</ns1:city> + +<ns1:stateorcountry>NY</ns1:stateorcountry> + +<ns1:zipcode>10022</ns1:zipcode> + +</address> + + +</filingmanager> + + +<reporttype>13F HOLDINGS REPORT</reporttype> + +<form13ffilenumber>028-16643</form13ffilenumber> + +<provideinfoforinstruction5>N</provideinfoforinstruction5> + +</coverpage> + + +<signatureblock> + + +<name>Evan Cohen</name> + +<title>Chief Compliance Officer</title> + + +<phone>212-373-1275</phone> + +<signature>/s/ Evan Cohen</signature> + +<city>New York</city> + +<stateorcountry>NY</stateorcountry> + +<signaturedate>11-16-2020</signaturedate> + +</signatureblock> + + +<summarypage> + + +<otherincludedmanagerscount>0</otherincludedmanagerscount> + +<tableentrytotal>86</tableentrytotal> + +<tablevaluetotal>20050744</tablevaluetotal> + +</summarypage> + + + </formdata> + + +</edgarsubmission> + + +&#x200B; + +3/3 POSITIONS IN GAMESTOP CORP - yes. what you've all been waiting for + +&#x200B; + + <infotable> + + +<nameofissuer>GAMESTOP CORP NEW</nameofissuer> + +<titleofclass>CL A</titleofclass> + +<cusip>36467W109</cusip> + +***<value>55080</value>*** + +<shrsorprnamt> + + +<sshprnamt>5400000</sshprnamt> + +<sshprnamttype>SH</sshprnamttype> + +</shrsorprnamt> + + +***<putcall>Put</putcall>*** + +<investmentdiscretion>SOLE</investmentdiscretion> + +***<votingauthority>*** + +***<sole>5400000</sole>*** + +***<shared>0</shared>*** + +***<none>0</none>*** + +***</votingauthority>*** + + </infotable> + + +&#x200B; + +I want to celebrate my cake day with the people ♥ Thank you all so much for keeping each other strong. I hope I can build my fiance and future wife a wonderful home. She has always wanted a garden. Thank you for helping us make this come true + +&#x200B; + +Robert's failed quest? [https://sec.report/Document/0000905718-21-000423/](https://sec.report/Document/0000905718-21-000423/) + +&#x200B; + +"Per Curiam. + +&#x200B; + +Robert Rasamny has submitted an affidavit, dated June 26, 1998, wherein he tenders his resignation as an attorney and counselor-at-law pursuant to 22 NYCRR 691.9. Mr. Rasamny was admitted to the practice of law by the Appellate Division of the Supreme Court in the First Judicial Department on January 26, 1976. + +&#x200B; + +\*\*\[250 A.D.2d 93\]\*\*Mr. Rasamny is aware that he is the subject of a pending investigation by the Grievance Committee for the Ninth Judicial District based upon his conviction in the State of Michigan Circuit Court, Oakland County, on October 8, 1996, for selling unregistered securities. He was sentenced to five years' probation and court-ordered restitution. Mr. Rasamny submits that the aforesaid crime is a felony in the State of Michigan and, therefore, a serious crime in New York, within the meaning of Judiciary Law § 90 (4) (d) and 22 NYCRR 691.7 (b). He also concedes that he failed to file the record of his conviction with this Court, as required by Judiciary Law § 90 (4) (c). + +&#x200B; + +Mr. Rasamny acknowledges that he could not successfully defend himself on the merits against any charges predicated upon the allegations under investigation. He avers that his resignation is voluntary, free from coercion and duress, and that he is fully aware of the implications of its submission. + +&#x200B; + +Mr. Rasamny is aware that the Court, in any order permitting him to resign, could require him to make monetary restitution to any persons whose money or property was misappropriated or misapplied, or to reimburse the Lawyers' Fund for Client Protection for the same. Mr. Rasamny is further aware that any order issued pursuant to Judiciary Law § 90 (6-a) could be entered as a civil judgment against him. Furthermore, he specifically waives the opportunity afforded him by Judiciary Law § 90 (6-a) (f) to be heard in opposition thereto. + +&#x200B; + +The Grievance Committee urges acceptance of the proffered resignation. + +&#x200B; + +Inasmuch as Mr. Rasamny's resignation complies with all pertinent Court rules, it is accepted and directed to be filed. Accordingly, Robert Rasamny is disbarred, and his name is stricken from the roll of attorneys and counselors-at-law. + +&#x200B; + +Ordered that the resignation of Robert Rasamny is accepted and directed to be filed; and it is further, + +&#x200B; + +Ordered that pursuant to Judiciary Law § 90, effective immediately, Robert Rasamny is disbarred, and his name is stricken from the roll of attorneys and counselors-at-law; and it is further, + +&#x200B; + +Ordered that Robert Rasamny shall promptly comply with this Court's rules governing the conduct of disbarred, suspended and resigned attorneys (22 NYCRR 691.10); and it is further, + +&#x200B; + +Ordered that pursuant to Judiciary Law § 90, effective immediately, Robert Rasamny is commanded to desist and refrain from (1) practicing law in any form, either as principal or as agent, clerk or employee of another, (2) appearing as an attorney or counselor-at-law before any court, Judge, Justice, board, commission or other public authority, (3) giving to another an opinion as to the law or its application or any advice in relation thereto, and (4) holding himself out in any way as an attorney and counselor-at-law." + +&#x200B; + +Mods; I encourage you to provide feedback. I am just sharing info. + +&#x200B; + +&#x200B; + +I want to thank you in advance for reading. Link to op in comments. I'll post later. I need to take a shower and probably eat some food and hug my wife +I would love a healthy dose of responses to this statement. + +10yrs ago (2010), I began selling old books on amazon and old DVD’s on eBay. It wasn’t consistent, I was making something like £50 a month. + +I had just turned 16 and I had a few friends who did this online sales thing with me. We used to do everything to keep our little business a secret from people because we knew that, these sites (amazon and eBay) were going to be very popular in the future and we wanted to keep the opportunity to ourselves. + +Looking back now, one can see that we were pretty much sold on both platforms and my much older self would have gladly invested in these companies based on our little success selling online. + +However, when I look at the historical balance sheets of these businesses, especially amazon , I realise that I would have hesitated to invest in the company because they had 0 earnings, PE ratio was ridiculously high etc. + +Today I wonder if that fundamental analysis can sometimes be a hinderance when it comes to picking obvious (amazon was a gold mine for anyone with spare stuff lying around) growth companies. + +I wonder if there was a very clever adult (retail investor without Bloomberg terminal and all that fancy stuff) who figured (10yrs ago) that the internet was going to be the future and aggressively bought shares in some of the trendy public companies back then (Fbook, amazon, eBay, Netflix) + + +Any thoughts on this? + +Edit: Thank you all for the intelligent responses. I am reading and studying your answers for future investments. +I believe the next catalyst will be an acquisition. As Matt Furlong said in his opening statement on the earnings call they are on the lookout for good deals in this market. I feel like this isn’t really being talked about and just wanted see what ya’ll thought. + +What do you all think they should purchase? A collectible company like funko or maybe a video game developer or e-Sports company that could drive traffic to the marketplace? + +In the meantime buy, hold, DRS. +In 2020, I bought and sold stocks 4,000+ times. I started the year with $40,000 and ended the year with $40,400 so a profit of $400. I didn't own any stocks going into 2021. I never shorted or borrowed on margin. + +However, broker's tax form shows that my realized loss is -$226,000 so I'm getting a $3,000 capital gains loss credit on my taxes. It shows my total proceeds were around 21 million and total cost basis was around 21,256,000.00. + +How is that even possible? I ended the year with more money than I started with yet it says I lost $226,000 and I get a 3k tax credit, it makes no sense? + +Also, I did day trade many of the same stocks in January of 2021 and pretty much broke even and after selling everything, my 2021 tax info also shows a pretty large realized loss so far even though I broke even. + +Does this make any sense? + +&#x200B; + +\*UPDATE\* I think I figured it out guys. There are 4 numbers on my brokers statement: Proceeds, cost basis, wash sale, and realized gain/loss. Turbo Tax just asks for the proceeds and cost basis and figures out the rest. + +The wash sale column is +$226,400 and my realized loss column is -$226,000 so if I deduct the wash sale, it comes out to a $400 gain which is what I had. There were no instructions in Turbo Tax about this but it looks like I just deduct the wash sale column from the realized gain/loss. I get the same result when I also deduct the wash sale from the cost basis. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +That's the bottom line here. It use to be some special event when a crypto was listed on Coinbase but this current listing of a token pretty much shows they just care about collecting trading fees, tiktok investor fees in this case. +I mean, it is like a day and night comparing these two subreddits. They are all for bitcoin cash there, claiming bitcoin to be too slow to change and they did not seem to like the core team that much. + +Most of them claim that segwit is bad and bitcoin cash is superior. + +Guys, please, can you give a bitcoin beginner like me counterarguments, so I can weigh in which camp is right? + +What is wrong with bitcoin cash? If it is better, why not implemented on bitcoin? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Potentially unpopular opinion - Ok so many of my team members working in the financial space have come to know me to skip a few steps to always see 3-5 years out. + +In this scenario i want to reel that in a bit. + +Recesion is coming according to BMO and others its like 99.9% happening. + +I want to walk this back to the very premis of the MOASS. +There have to be enough owned shares by retail to trigger this.. how do hedgies get out of this? We sell for a palatable price point in their eyes. WE DON'T WANT THIS. + +This FED engineered recession will cause lost jobs, lost wages, Lost home and in order to have any money you will likely need to sell positions. Ie. GME, towel or popcorn etc to save your homes, feed your families. + +So here's what im saying. Stop buying now, save capital for the recession hold your shares and wait for this to blow up so you will never have to worry about $ again. + +I know everyone including myself want to lock that float, but if you all have to sell because you've spent every bit of expendable income and then some. Your positions will need to be sold to feed and house the fam. + + +TLDR : recession immanent, save every penny now to feed and keep the roof over your heads, hold positions. When shit hits the fan you won't need to worry about $. Then buy the dip. + +Obligatory not financial advice, friendly thoughts from a forward thinker. As a nod to our roots, my wife's boyfriend just moved into the basement, now I'm feeding and clothing that asshole... lol + +Edit 1 - if you have enough expendable income and know your house is safe then by all means keep buying!!! + +Edit 2 - it was pointed out that there is a differentiation between recession (which we are currently in) and a depression. All signs are pointing to depression. +Let's say you're a professional investor and you get paid a management fee equal to 1% of assets plus 25% of profits from returns greater than the market. For example, say you manage $100k, get a return of 18%, and the market grows 10%. + +The asset fee is easy to calculate. Once a year, the investor takes 1% of the $100K for $1K. How do you calculate the variable component though? + +* Is the variable portion collected only when dividends are paid or stock is sold (e.g. no profiting from unrealized gains)? +* When do you apply the calculation? Do you pick a set date each year and stick with it? +I'm currently a technical lead making 58.5k/yr and I would say I'm over efficient in my job (that is I probably work an average of 30 hours a week compared to the traditional 40+). + +My company recently underwent some structural/process changes and is in need of someone to step up to be manager of the team (that I'm a lead in) because the current temp manager has way too much on his plate. + +It's not that I don't feel like I can't do the position but when I asked what the difference in comp would be, I was surprised to find out it's only an additional 5% (about 62k). I expressed how this was a lot less than what I was expecting and made my counter offer at 75k (which is more than I'd expect anyway, but I was okay negotiating to 70k-72k). + +Supervisor asked me why I felt I warranted that much and I laid out everything I've done, my value, comparisons to similar positions, how I nearly doubled my starting salary over 2.5 years, etc. He said that perhaps we could revisit in a couple months (specifically 4-5) to discuss a further raise. The thing is, that's when my annual is due anyway and I fear they'll just "combine" it and low ball me. + +I'd be managing a team of 9 people, half of whom are high maintenance. And even after optimizing for the role, I think I would be working a full 40+ for only 3k more a year. + +The thing is, I said I was 90% interested pending the salary increase and even after hearing it I said I'll have to think it over. But now I don't want to do it because it doesn't seem worth it for such a small increase but I don't know if what I am asking for is excessive either. + +As far as leverage goes, he's only gone to 2 people for this position and the other person turned it down immediately. I'm responsible for a majority of the process changes that has happened and understand the role inside and out but I'm not sure what the likelihood is for them to just get a different manager in the company and integrate them. + +~~Edit 1: This got a lot more traction than I anticipated. I think I am going to turn the position down, however I wanted to know how this could impact things moving forward. I essentially said I was pretty much interested and ready but needed to know the salary increase prior to making a decision and after hearing it I was bummed but said even though I 95% want it, I'd have to think it over. So how do I professionally go about declining something that I nearly accepted all due to salary?~~ + +**Edit 2: Thanks for all the responses. It's been interesting to see how divided the comments have been with "it's good for your future growth, take it" and "it's not worth the added stress / work for the marginal increase, don't take it". As I've not yet made a decision, I think I am going to stand firm with my counter offer and see what happens. I would not feel comfortable doing the role without being compensated for the added value and then regret the decision later. I'm less likely to regret NOT taking the position for a minor increase as I know my own capabilities and what I bring to the table--here or elsewhere.** +I am generally supportive about helping new comers. However, every day the same set of questions are asked by folks who are new to investing. These questions are answered literally every day over and over again. Does Gen Z not know how to search subreddit history? + +Barrage of downvotes commences in 3 2 1 ..... + +&#x200B; + +Edit: Thank you for the Gold strangers +Bit of fun for a Sunday... I know we all have our individual goals in regards to finance, but as many wise posters on here say, we have to enjoy the ride and spend a little on ourselves. + + +So, what do you spare no expense on? Whether it's lifestyle, hobbies, or anything else... I personally don't hold back on guitars (although I look to eBay where possible to get most bang for my buck), and also one day want to be able to spend a decent amount on watches. + + +Interested to hears everyone else's vices :) +El Salvador (a country that uses USD as currency) declaring Bitcoin legal tender flies directly in the face of the federal reserve, modern monetary theory, and is another crack in the USD facade as the world reserve currency. The FUD, misinformation, and downright hostility towards Bitcoin is about to get intense. The world needs hard money, the world needs financial inclusivity, the world needs Bitcoin. Stay strong my friends, you’re building a better future. + +‪Edit: Nayib Bukele tweets + +“Some powerful interests will try to make this historical #Bitcoin move fail. They know what it means if it succeeds. It will.” +So, I’ve been an active superstonk lurker and occasional poster since the jump, checking reddit multiple times per day, and I would always see hot and rising stonk posts (2k+ upvotes) in the 1-3 slot of my homepage. + +Lately, however, I’m seeing SuperStonk posts less frequently at the top of my homepage and the posts I am seeing have like 47 upvotes and 2 comments. It takes a couple good scroll flicks to even find a stonk post with 1k or more upvotes, whereas my feed used to be almost exclusively highly voted posts from this sub. + +Not speculating on suppression or anything, and not mad bc I always jump into the actual sub anyway, just curious if anyone had noticed a similar change over the past week or two. Maybe there was a Reddit update I missed or something. + +Edit: to clarify this isn’t a post about the quality of the sub’s content, it’s about the lack of popular posts showing on my Reddit homepage. + +Edit 2: THERE ARE DOZENS OF US! +Banking app was down, so I wasn’t 100% sure how much I had left in my account, but I knew approximately. Picked up toilet paper from the dollar store and figured I’d try my luck by adding a 0.90$ chocolate bar. Seeing the “insufficient funds” message come up on the screen is such a kick in the gut. +# 100k?! + +Wow, 100,000 of us. Who'da thunk it? + +If you are interested to see what the subreddit looked like when I first got involved with it, this is the earliest wayback machine page I can find with my name on the mod-list: [https://web.archive.org/web/20140326064017/http://www.reddit.com:80/r/UKPersonalFinance/](https://web.archive.org/web/20140326064017/http:/www.reddit.com:80/r/UKPersonalFinance/) + +Less than 3,000 subscribers, old Reddit was still the default, nobody had heard of Brexit or Coronavirus. Ahhh, nostalgia... + +Anyway, onto business! + +# First, some stats: + +## The Subreddit + +[https://i.imgur.com/p4IKUk1.png](https://i.imgur.com/p4IKUk1.png) + +* Page views on the subreddit peaked as the COVID crisis hit, and were an eye-opening 3.7M last month. +* Most of our users now use the reddit apps +* We seem to be growing at a fairly steady rate, with interesting spikes at certain points (spot the new year resolution subscribers!) +* Geeky stats here: [https://redditmetrics.com/r/UKPersonalFinance](https://redditmetrics.com/r/UKPersonalFinance) + +## The Wiki + +[https://i.imgur.com/PN1Cvc7.png](https://i.imgur.com/PN1Cvc7.png) + +* The wiki ([https://ukpersonal.finance](https://ukpersonal.finance)) has now been offsite for nine months, and continues to be a popular resource +* We broke the analytics plugin so we only have data up to 19th April +* We've had 38,000 users visit the site with 113,000 total page views since we started it +* The content is starting to show its age and is need of a refresh. I wrote the majority of it over the course of three years or so, and it hasn't had much of an update for the last three or four years. Are you interested in writing wiki content or editing the content that is already there? Please join our Discord server ([https://discord.gg/kaetMg8](https://discord.gg/kaetMg8)) and let us know! + +## The Discord Server + +* Speaking of the Discord server, it now has over 1,200 members. +* Feel free to drop by and chat. We have a separate "lounge" channel for regular subreddit contributors, in case you're interested in speaking with like-minded people on wider topics. + +## The Flowchart + +...have you seen the flowchart? + +[https://i.imgur.com/gUxV4bc.png](https://i.imgur.com/gUxV4bc.png) + +* The flowchart got hosted separately (permalink: [https://flowchart.ukpersonal.finance/](https://flowchart.ukpersonal.finance/) ) which gives us some fancy stats. The most interesting to me is the biggest numbers: 76,000 pageviews in two months. Wowzers! +* I hope to have some time to evolve the flowchart further. This will intersect with Wiki updates. +* The main area for improvement is the last bit, which is still confusing and overly complex, whilst still not being complex enough. Perhaps it's an unsolvable puzzle? Any ideas?! Please shout up! + +# Thoughts from the mods... + +The visible mod-team shrank a little while ago, as we ~~staged a coup~~ removed the "top level mods" who had set the sub up and run things initially, but had subsequently left Reddit. This left the team of myself, strolls, Borax and TheRealWhoop running the show. In addition we had clippybot handing out reputation points. + +More recently the mod team *looks* like it has grown suddenly, although we've only added one human into the mix. Epicmindwarp, who provided and has maintained clippybot, accepted an invite to come on board, and has quickly added an automated induction process (see below). + +Generally speaking, the sub has always been easy to moderate. Most discussions are on topic, people are generally civil to each other, and we don't have to intervene very often. + +We have an incredible community of experienced people, both financial professionals and otherwise, who are very happy to help. Our key focus as a mod-team is to keep the sub working for you, as you're the reason the sub flourishes. + +# The "new new" user workflow + +There have been a couple of recent threads suggesting that post quality is falling, and this is something we have taken seriously. To this end we have recently put in place a new workflow for new posters: + +* If automoderator notices that you have no flair, your post is removed and a message is sent explaining the purpose of the sub, the wiki, the rules and posting requirements, letting you know about our reputation system, and so on. +* If you respond affirmatively to the message, the post is approved. + +This is helpful for a few reasons: + +* The majority of our traffic now comes from the Reddit mobile app, which is pretty poor at making the sidebar obvious, where a lot of the information is. +* It empowers the mod team to remove more low effort posts as a result of point one +* It hopefully encourages new users to use !thanks and build on our reputation system + +The whole process was put together by our newest mod, /u/epicmindwarp, who had already helped us significantly by setting the reputation system up a while ago. + +Additionally, we have very recently setup a "weekly help thread", which will be stickied each Monday. This will hopefully allow people to ask smaller questions they might not otherwise have asked, or would have posted as a thread, in a single place. If you're a regular, please stop by and answer the odd question :) + +(Also, special thanks to /u/pflurklurk who has kept the furlough q&a thread alive for the last few weeks). + +# Over to you + +So, over to you! This is your chance to tell us what is working, what could be working better, what you love, what you hate, and so on. Some questions that might start you off: + +* Are you a new user? Did our introduction system help? Were you frustrated by it? +* Have you noticed our weekly help thread in the past week? Is it useful? +* If you're a long-time user, have you noticed thread quality improving? +* Are the rules still appropriate for the sub? Do we need stricter rules? Less rules? +What are your immediate plans? How much profit do you take out, and what do you spend on first? + +I personally would take out enough to buy a house (nothing too expensive) and keep a significant chunk in Crypto. I know everyone has different plans for what they would do, so tell me! Do you start a business? Give back to your community? + +Also....... do you tell your family and friends that you're now a millionaire?!? + +Edit: thanks everyone for the awards! Very much appreciated +They claim that at this point if a guaranteed income is not provided to each citizen in some form, the global economy will inevitably collapse. How do you feel about this notion? +Been a holder for a few weeks now, and the community and admin team is like no other. Project lead, MJ, is **doxxed** and frequently posts update videos on telegram @bingustoken2official. + +The basic idea of the token is to donate to animal shelters all over the world. LP-holders can vote on the shelter they wish to see the next donation go to. Total donation amount is around $40,000 if I'm not mistaken. + +Given the teams background in film and tv, they were recently able to get **Michael Rainey Jr.** on board (From the show Power) + +Other famous supporters include BBno$, MoistCrit1kal and Rocky Kanaka, who is currently working on a video together with Bingus. + +The team informed that there is a liquidity fix on the way so the price will become more stable. There was also some talk of a marketing push or the sort...🤞 + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + + +[CMC](https://coinmarketcap.com/currencies/bingus-token/) + + +[Website](https://bingus.finance/) + +[Twitter](https://twitter.com/bingustoken/) +I'm not affiliated with the project but have seen what the devs are doing and what they have planned to do and i'm here to stay with a bag. (even if its just to earn in a pump and dump) But project has already been audited and launch was successful. + +DOGEPOO Coin is a token on Binance Smart Chain driven by its community and 1000x lovers which enjoy riding safe investments. It is a no risk/rug pull/scam cryptocurrency due ownership renounced and liquidity locked inside the PancakeSwap LP. + +&#x200B; + +🐕 website: [http://dogepoocoin.com/](http://dogepoocoin.com/) + +🐕 telegram: [https://t.me/DogePooCoin](https://t.me/DogePooCoin) + +&#x200B; + +Roadmap 1st phase: + +Coin’s Fair Launch + +Whitepaper creation + +Community Building + +Launch of Website and Social Media Channels + +Marketing Campaign + +Coin Audit + +Official DOGEPOO Merch + +CoinGecko & CoinMarketCap Listing + +Discord channel + +$5,000 Giveaway + +&#x200B; + +ORIGINAL SUPPLY + +1,000,000 Coins + +15% Tax/transaction: + +7% Back To Holders + +5% Back To Liquidity Pool + +3% Burn + +&#x200B; + +PacakeSwap LP + +100% Liquidity Locked + +Ownership Renounced + +Links Can Be Found On Our Telegram + +&#x200B; + +PROFIT FROM HOLDING + +2.5% Marketing Supply + +2.5% Dev Supply + +2% Giveaway Supply + +The more you hold, the more you make! + +15% Tax/Transaction + +7% Distributed Back To Holders + +5% Distributed Back To Pool + +&#x200B; + +📑 BSC Contract: https://bscscan.com/token/0x9a0f38d3778296813361e83d949db03a8950a4ed + +🔥 Liquidity burned: https://bscscan.com/tx/0x6d85a06b91fc292229961596bcadacf17a49a48405ef763386715d4479088e9f#eventlog + +🔐 Liquidity locked: https://dxsale.app/app/pages/dxlockview?id=0&add=0xA7219dE436b37A3d5EDa6f795e2bC1416df523C3&type=lplock&chain=BSC + +🦄 Ownership Renounce: https://bscscan.com/tx/0xd4fd705479f6ca40fcae9c57ff6baba9b80a3df8f7e3f4cd90e230f0c3b199a2 + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9a0f38d3778296813361e83d949db03a8950a4ed](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9a0f38d3778296813361e83d949db03a8950a4ed) + +&#x200B; + +As usual, do your own research and invest small quantities of money. This is an early call so anything can happen with the token or smart contract. Any small bug can cause your money to be lost, so invest only what you can afford to loose, as i did. +https://variety.com/2022/film/news/disney-layoffs-hiring-freeze-bob-chapek-1235430840/ + + Disney will begin enacting layoffs, implementing a targeted hiring freeze and limiting company travel as part of a sweep cost-cutting move announced to leadership Friday. + +In a memo obtained by Variety, which was sent to top execs Friday afternoon, Disney CEO Bob Chapek wrote: “I am fully aware this will be a difficult process for many of you and your teams. We are going to have to make tough and uncomfortable decisions. But that is just what leadership requires, and I thank you in advance for stepping up during this important time. Our company has weathered many challenges during our 100-year history, and I have no doubt we will achieve our goals and create a more nimble company better suited to the environment of tomorrow.” + +Chapek says that Disney will also be conducting a “rigorous review of the company’s content and marketing spending,” with all of these efforts being overseen by newly formed “cost structure taskforce” comprised of Chapek, CFO Christina McCarthy and general counsel Horacio Gutierrez. + +The layoffs and cost-cutting news hits four days after Disney presented rough quarterly earnings results, which sent the company’s stock tumbling to its lowest price in more than two years. + +While the company saw subscriptions for Disney+, which launches its ad-supported tier Dec. 8, significantly surpass Wall Street’s expectations, Disney reported an operating loss for its streaming segment of $1.47 billion for the quarter ended Oct. 1, 2022, about $800 million more than the year-earlier period. Revenue increased 8% to $4.9 billion, which the company attributed to higher losses at Disney+ and ESPN+ and lower results at Hulu. Meanwhile, revenue for Disney’s linear television networks (pay TV and broadcast) dropped 5% in the quarter. + +Chapek wrote Friday that these “cost management efforts,” which were hinted at by himself and McCarthy on the earnings call and are “occurring against a backdrop of economic uncertainty” affecting all of Hollywood, “will help us to both achieve the important goal of reaching profitability for Disney+ in fiscal 2024 and make us a more efficient and nimble company overall.” + +Representatives for Disney did not immediately respond to Variety‘s request for comment. + +See Chapek’s memo in full below. + +Disney Leaders- + +As we begin fiscal 2023, I want to communicate with you directly about the cost management efforts Christine McCarthy and I referenced on this week’s earnings call. These efforts will help us to both achieve the important goal of reaching profitability for Disney+ in fiscal 2024 and make us a more efficient and nimble company overall. This work is occurring against a backdrop of economic uncertainty that all companies and our industry are contending with. + +While certain macroeconomic factors are out of our control, meeting these goals requires all of us to continue doing our part to manage the things we can control—most notably, our costs. You all will have critical roles to play in this effort, and as senior leaders, I know you will get it done. + +To be clear, I am confident in our ability to reach the targets we have set, and in this management team to get us there. + +To help guide us on this journey, I have established a cost structure taskforce of executive officers: our CFO, Christine McCarthy and General Counsel, Horacio Gutierrez. Along with me, this team will make the critical big picture decisions necessary to achieve our objectives. + +We are not starting this work from scratch and have already set several next steps—which I wanted you to hear about directly from me. + +First, we have undertaken a rigorous review of the company’s content and marketing spending working with our content leaders and their teams. While we will not sacrifice quality or the strength of our unrivaled synergy machine, we must ensure our investments are both efficient and come with tangible benefits to both audiences and the company. + +Second, we are limiting headcount additions through a targeted hiring freeze. Hiring for the small subset of the most critical, business-driving positions will continue, but all other roles are on hold. Your segment leaders and HR teams have more specific details on how this will apply to your teams. + +Third, we are reviewing our SG&A costs and have determined that there is room for improved efficiency—as well as an opportunity to transform the organization to be more nimble. The taskforce will drive this work in partnership with segment teams to achieve both savings and organizational enhancements. As we work through this evaluation process, we will look at every avenue of operations and labor to find savings, and we do anticipate some staff reductions as part of this review. In the immediate term, business travel should now be limited to essential trips only. In-person work sessions or offsites requiring travel will need advance approval and review from a member of your executive team (i.e., direct report of the segment chairman or corporate executive officer). As much as possible, these meetings should be conducted virtually. Attendance at conferences and other external events will also be restricted and require approvals from a member of your executive team. + +Our transformation is designed to ensure we thrive not just today, but well into the future—and you will hear more from our taskforce in the weeks and months ahead. + +I am fully aware this will be a difficult process for many of you and your teams. We are going to have to make tough and uncomfortable decisions. But that is just what leadership requires, and I thank you in advance for stepping up during this important time. Our company has weathered many challenges during our 100-year history, and I have no doubt we will achieve our goals and create a more nimble company better suited to the environment of tomorrow. + +Thank you again for your leadership. + +-Bob +It's as simple as this. There is an open interest of 18,604 contracts at the $300 strike calls. Thats almost 2M shares or nearly $600M worth of stock the hedges will have to buy in order to cover their risk. + +That amount of buying near the end of day power hour will take us back to near term highs, and continue the push monday. + +🦍💪🏼 together... when 🦍 = 💎🙌🏼 + +&#x200B; + +https://preview.redd.it/6skc78o0smm61.png?width=1060&format=png&auto=webp&s=4f22fc268685f992de9c1f74b6b5238b1cca7dda + +PS: I put my money where my mouth is, 100 shares at $280.70 + +&#x200B; + +https://preview.redd.it/au2igba03nm61.png?width=1952&format=png&auto=webp&s=12b5e98a406f6cf98e58fef6672e2793902f737e + +&#x200B; +Most of you know that the price of BTC is well correlated the cost of mining it. Obviously the value proposition for ETH is different than BTC. But this calculation still holds some validity IMO given that miners are the primary "supply side" source of ETH. + + +If you look at the [best GPUS for mining ETH in 2019](https://cryptosrus.com/best-gpu-for-mining/) and pick the MOST POWER EFFICIENT GPU on that list (GeForce GTX 1060) and then plug those numbers into [the ethereum mining profitability calculator](https://www.cryptocompare.com/mining/calculator/eth?HashingPower=20&HashingUnit=MH%2Fs&PowerConsumption=110&CostPerkWh=0.12&MiningPoolFee=1) with the average cost of electricity in the US ($0.12/KWh), you will get a profit of: + + +**$1.55 / month** + + +Great it will only take **17 YEARS** to **BREAK EVEN** with the cost of the GPU. Maybe I'm wrong but I doubt the average lifespan of a GPU running at full capacity 24/7 is 17 years.. + +&#x200B; + +If I were a miner right now, I wouldn't be selling any of my ETH. It seems likely this would cause the ETH supply to shrink.. + + +What do you guys think? +STATUS: IN PRODUCTION + +"ETHEREUM: THE WORLD COMPUTER” + +RELEASE +DEC. 16, 2016 + +SingularDTV's Documentary Film Division is dedicated to the creation of feature length documentary films and short form documentary series about blockchain technology, decentralization and the Ethereum world computer. Rather than producing content that is technical in nature, or content that “preaches to the choir” so to speak, SingularDTV produces documentaries for the uninitiated- for those vast number of progressive and vigilant minds around the world unaware of the liberties, benefits and opportunities that blockchain technology and decentralization provide. SingularDTV aims to educate and inspire all generations- our future generations- about the revolution of decentralization and the Ethereum world computer. + +OUR FIRST FEATURE DOCUMENTARY + +“ETHEREUM: The World Computer”, SingularDTV's debut feature documentary, takes the audience on a journey of exploration that culminates in a new understanding of what blockchain technology is. Rather than focusing solely on the “how” of the technology, it focuses on the “why”, exhibiting several relatable use cases from around the world on why blockchain technology and Ethereum are transforming the world for the better. + +Source: https://singulardtv.com/film-division +I posted comments last week on how I have decided to dump all my icn due to the constantly falling price of icn/Eth pair. I made comments on how I have lost faith due to the ambiguity of the utility of ICN and other things.. + +Apparently speaking your mind about icn gets you banned. This behavior reflects the uncertainty the thread mods surely feel themselves. ICN now is more of a cult/religion where doubters are labeled as heretics and are burned.. oh well +Hello, hello! + +To celebrate achieving an important personal investment milestone, I would like to invite y'all to participate in a glorious battle of memes. The rules are very simple. Just submit your ***original*** Ethereum meme before Ethereum's price reaches $324 to participate (the only requirement is that the meme relates to ETH *and* is an original creation of the submitter, it's okay if it was posted before as long as you can prove you're the author). When the glorious day arrives, I will select a few of my favorite memes, then let the community vote for one meme to be crowned as winner. Creator of the winning meme will receive 3.24 ETH from yours truly! + +Let the battle begin! + +https://i.redd.it/driowscqz1231.jpg +I understand if this question is deemed irrelevant to FatFire, but it’s career-driven and in an area that I believe would be of interest to the forum. + +I’m looking for books that tell stories about savvy public company CEOs, particularly smaller companies (no Shoe Dog, Hard Drive, or the like). I really love “The Outsiders” by Thorndike, and I’m looking for other titles to scratch that itch. Happy to provide other helpful details as needed. +We are considering hiring a second housekeeper/nanny who would work full time. Our current one is part time and doesn't live with us. We are wondering if anyone has tried both live-in and not, and what the pros and cons are of both. Our house is not huge and we would need to provide them with a bedroom, but then we wouldn't have a guest bedroom. We have a bedroom in the back of our detached office, but that might not work well. That said, it would be very convenient to have someone who is around more, so that we could split up the hours more weirdly (instead of 8am-4pm, doing 8-2, and 5-7, for example). What are your experiences and things that we should keep in mind? +With the market down, we are thinking of front loading the 529s to average down investments made earlier in the year. I'm struggling to understand the nitty gritty details of the gift tax exclusion limit, the consequences of using the five year exemption vs filing paperwork toward the lifetime exemption and when to use either. + +We already put in 15k in each this year, and maybe we'll put in another 5k this week. We are in California and since we have no state credits for 529s, that is not a concern in front loading. +Has anybody here had experience with house swapping? We live in coastal CA in a heavy touristed town with minimal hotels. Places go for a premium and we could get around $12K-$16K a month for renting our house out. However, we have been offered a place in a high end ski town for a month to three months or so at a time at no cost if we house swap. + +I know some here would never have strangers stay at their house, and I respect that, but we have sitters for our dog stay here all the time with zero issues and have done so for several years. So I'm hoping to hear from those who have with any tips. Thanks in advance! +Not sure what do to do, I could go liquid very quickly and retire in my early 30s. My father instilled a strong work ethic and since the age of 16 I hit the ground running. However life just doesn't interest me anymore, I feel I've spent so much time focusing on making millions I missed out on making a life. I've taken time off before and it turned into bad swirl of isolation. I guess I'm having anxiety of leaving my main job which is a source of social activity for me as I'm very introverted. I also life an extraordinary life and in a more rural community that it's hard for me to relate to anyone. The flip side is the job is giving me PTSD. Catch 22. +It's been four months since our official launch, and more than a year since we wrote the software. Volume has continued to grow, thanks to Reddit and word of mouth. + +Just a few things to mention to anyone pissed off with a lot of the other exchanges: + +- Our address is on our site, come in for a visit. + +- Every employee is listed on the website + +- We have a phone number that people actually answer during business hours. + +- You can withdraw your money + +- We never had any malleability issues (withdraws/deposits continued when everyone else was shut down) + +- Volume is picking up, and there is a lot of opportunity for arbitrage + +- Supporting CAD, USD, Bitcoin, Litecoin, Peercoin, Dogecoin, Feathercoin, Primecoin and Quarkcoin - with more coming. + +- We have an UNLIMITED trading program where you pay $99 and can trade as much as you want. May or may not suit you, but we're the only one offering this madness. + +- We are always on reddit answering questions + +- We're always improving the site + +- Always on the look out for more deposit methods and withdraw methods + +- We let the Doge out. + +Search for us on Reddit, see what everyone is saying about us. + +- Mike Curry + +https://vaultofsatoshi.com +Luna is killing it man up 65.71% since last week and breaking ATH after ATH even when the whole market is down, now sitting comfortably in the top 10. + +This run up seems kinda similar to that of Solana a few months ago, i could see it going up a few other places if all the planets align. + +If you haven't look into Luna yet i suggest you do, it's a great project with a very solid team, who are always doing their best to improve and usually listen to their community. + +This is not financial advice, just DYOR and enjoy the ride :) +With the turmoil in the US, my family and I are strongly considering hedging our citizenship and getting dual citizenship with the EU. The Portuguese visa seems like the best way to do so as a non resident. Has anybody here actually used the golden visa for EU citizenship(or for the lawyers in the subreddit, helped someone do it)? If so, how was the process? Are there any guarantees that you’ll be approved for citizenship if you pass the language test and maintain your investment, or can it still be rejected? +KTOV Megathread 6/25 + +&#x200B; + +Please keep all discussion about KTOV here! + +&#x200B; + +All news, catalysts, and DD can be submitted as a stand-alone post. + +&#x200B; + +Please don't downvote others' comments in megathreads. Sorted by New is default within this post +Honestly I think that most people overlook or don’t consider the costs associated with traveling. I’m traveling to Senegal in a few weeks for a educational/volunteer program and I’m debating whether or not I should get yellow fever vaccine and typhoid vaccine. For many places I’ve looked at the shots alone costs around $300 and there’s additional consultation fees. I have my passport renewed now but a few years ago I wanted to do this but I didn’t have enough money to renew my passport. +I was a supervisor at one of the largest insurance companies in the US for over a year, and I had the pleasure (/s) of talking to many different people. It became apparent very early on that most people don't know anything about car insurance. Here are some of the things every single one of you should know. + +Just a disclaimer, this info may vary depending on the insurance company you go to. Most of these things are pretty universal, though. + +1. **Shop around every year or two.** Insurance rates change pretty frequently, especially as cars get more and more expensive to fix. Rate increases aren't personal, they're just a part of the industry. Spend an hour every year completing quotes online to see if you can get a better deal elsewhere. Do these quotes through the company websites directly, though, not an aggregator website, as those tend to not be the most accurate. + +2. **Don't let your insurance run out EVER.** Having a lapse in insurance is one of the worst things you can do. You risk fines, your license could be suspended, and it's incredibly expensive to get insurance when you're in a lapse. Go down to the bare minimums for your state if you have to, but don't let it run out. Get on autopay (don't be dumb and pay it manually monthly), and make sure your card is updated. + +3. **Pay in full**. Most insurance companies give you a sizeable discount for paying your policy in full. If you have the money available, this is a no-brainer. + +4. **Don't hide activity from insurers.** Daily I would have customers call in for quotes and not disclose an accident, ticket, or suspension that they had in the past, thinking insurers don't check. They do. And when they find that activity, they'll either jack up your rate (to where it was supposed to be) or cancel your policy altogether. Be honest and get your accurate price up front. Don't waste everyone's time. + +5. **Your car is a very small portion of your premium calculation.** You may have a 2004 Camry, but you also drive 15,000 miles per year, live in Miami, and have had 2 accident in the last 5 years. Your rate's gonna be high. In many states and for many companies, your credit is also considered, and it's a pretty massive factor (it's very helpful in seeing how well you are at paying bills on time). + +6. **Embrace telematics if you're ok with data collection.** Many insurance companies now have apps or devices that track your driving and adjust your rate accurately (Snapshot, DriveEasy, etc.). If you drive like a bat out of hell, obviously don't opt for this. But if you're a good driver, you're likely getting a discount just for signing up, and that discount can go even higher at your next renewal. Honestly, your mileage may vary depending on the company. My old company's was good, but others are pretty crap and have a very high chance of raising your rates. Do your research. + +7. **Discounts are mostly BS.** I blame this on insurance commercials that talk about discounts like they're going out of style. In fact, I recently had a deaf guy (using an interpreter) ask if we had a deaf discount. No, we don't. We DO have discounts for stuff like ABS, safe driver (years without any activity), anti-theft devices, defensive driver course (for older drivers), good students, multiple vehicles, and alumni associations and professional organizations. Sales agents have no influence over your rates for a particular coverage. Rates are filed with the state, so don't try to negotiate them. + +8. **Multiline discounts are a no-brainer.** Most insurance companies are smart and put a ton of energy into making sure you get ALL your insurance policies with them. There is a VERY good chance that bundling auto, renter's, home, umbrella, or any other policies will save you a ton of money. This is ESPECIALLY true for renter's, which is extremely cheap to begin with and provides great coverage. Many times I've seen the multiline discount pay for the entire renter's policy and then some! Not sure how that works, but the customers weren't complaining. + +9. **Young drivers should get their own policy ASAP.** If you're extremely strapped for cash, definitely keep younger drivers on the main policy for as long as possible. However, if you can, start a new policy at a young age. It may be more now, but it helps to build up good insurance history which works to lower rates, and it also separates liability so an accident/ticket for the young driver won't affect EVERYONE on the policy, or vice-versa. + +10. **Don't just go for the minimums unless absolutely necessary.** Insurance is a legal requirement, but it's also there to protect you. I can't tell you how many customers turned down Bodily Injury Liability or Uninsured Motorist because "I don't plan on getting in an accident"... Yeah nobody does lol. I'm not saying you have to go all out on coverage, but quote out some limits that are higher than the legal state minimums. You may be surprised how affordable they are, and future you won't regret it. Seriously, it breaks my heart how many people carried crap coverage and we couldn't do anything for them when they got in a wreck. Protect yourself and your family, please. + +11. **If you cancel a policy, you're entitled to a refund for any unused premium you already paid for.** By law, insurance companies can't keep money for coverage that you aren't using. So, whether you're getting rid of your vehicle or getting a cheaper policy with another company, don't let your policy run its course, call in and cancel for that refund! If you're switching insurers for a cheaper price in the middle of your policy's life, cancelling and switching ASAP is a great way to get a good chunk of money back in your pocket. + +That's all I can think of right now. Let me know if you have any questions or want me to elaborate on anything! If you know how insurance works, you can save a very healthy chunk of change every year. + +EDIT: Post got locked -- no word why :( Lots of good comments below, though, so happy I was able to help everyone out! +I am not a market expert but I have been observing red flags piling up recently and it’s wise to pay close attention to them as they point to a near market correction including: + +**Low market breadth and divergence:** there are fewer stocks rising versus ones declining, and a larger number of stocks are hitting the 52 week low than the ones hitting the 52 week high. + +**Overbought stocks:** such as AAPL, AMZN, MSFT, NVDA, and ARKK all have recently breached the 70 RSI overbought marker and are now dropping fast. This ties in well with the poor market breadth as allot of the money existing other stocks as they sell off is just pilling in few top stocks in an unstained way, hence the overbought flag. + +**Reduced volumes:** signal weakness in the market and provoke profit taking. For example the Russell 2000 average volume has dropped to just under 3 billion per day from a three months average of 3.7 billion. Incidentally this index tracks 2,000 small cap US companies which have been dropping for most of the last 3 weeks for a total decline of 7.3% thus far. + +**Major trend line broken:** for the second time in less than one month the S&P 500 has dipped under its major trend line. The first time on May 18th, it reversed and went back up on the back of decent labor and production reports plus earnings expectations. Now that earnings are underway and most economic indicators are pointing to growth peaking it might not be able to reverse the drop. + +Obviously all of the above are technical indicators that try to explain market behavior based on historical metrics, but they don’t explain the reasons behind such changes. We have to look at economic news to identify causes including: + +**Peaking economic recovery:** several reports this month point to an economy that has reached peak recovery. For example, both the services PMI 64.6 vs 65.2 vs 64.8 (actual, forecast, previous) and ISM 60.1% vs 63.3% vs 64.0% reports for June show a declining rate of expansion. Also, industrial production is showing similar pattern 0.4% vs 0.6% vs 0.7%. + +**Mixed Q2 banking results:** also point to the same issue above. While the overall figures are up, the details point to absence of loan growth and net interest margin weakness. + +**Declining consumer sentiment:** while consumer spending came in higher than expected for the month of June consumer sentiment declined from 85.5 to 80.8. The main driver behind this is inflation. + +**Inflation rising:** the FED has been harping on inflation being transitory because of the “base effect” and some temporary supply constraints. Their timeline for all of that to sort out was few months. Now it’s more than few months and inflation continues to rage registering the highest figures in over a decade with Core CPI (the Fed’s favorite metric) registering 0.9%, the highest increase since 2008. + +Furthermore, the PPI (producer price index) also continues to rise at a rate of 1% in June indicating that consumers are still going to see higher prices in the coming months and that overall inflation will overshoot the FED’s 2% threshold by a wide margin. + +**Reemergence of a new variant:** the delta variant is causing allot of lock downs and interruption throughout the world. While its effect in the US might be limited, a slowing world economy does not bode well for stocks in general, hence perhaps the reason why bonds have gone up. + +**Bond yields going down:** usually indicates that an economy is slowing and investors are looking for safer assists. Many have pointed out that bond yields usually peak 3 months in advance of the stock which they did in March. Since we are in July and bond yield continue to decline many think the bond market is sniffing out something and reacting to it. Remember, the inverse relation between bonds and yields. + +**China’s Crack on tech:** has rattled some investors especially that it came at a time when that market was showing sign of bottoming out. + +All of those events point to a possible correction sometime in the near future. Most experts expect that sometime after Q2 earnings, but it could be starting as we speak, especially that corrections don’t play out in one straight line. They tend to move in a series of several lower lows and lower highs until bottoming out. + +It’s important to also point out that a correction is not a market crash. Corrections are a much smaller event, ranging around a -10% drop on the low end for the leading S&P 500 index and much more for individual speculative stocks. They are a healthy event that helps reinvigorate the market with new buyers. + +A crash on the other hand is a much larger event that’s usually provoked by a combination of events or a single major event. Crashes usually last much longer than people expect, well past the initial large drop. + +There are several catalysts for such an event such as the emergence of a virus variant that outsmarts vaccines or a collapse in the reverse repo facility. The most prominent of them however, is QE tapering (quantitative easing) and increase in interest rates. + +Massive QE and low interest rates have been the driving force behind this bull market. They are the justification given for the current astronomical valuation where the S&P500 Shiller P/E ratio is reaching a whopping 38%! That is a historic high only second to the Dotcom bubble in 2000 (44%) and is in general an unsustainable level in the long term. + +Some argue that the FED will manage to taper QE and increase interest rates gradually in a very controlled manner and avoid any meltdown, but given rising inflation beyond expectations, the FED might very well be forced to act much sooner than it would like. Equities and bonds expert Ray Dalio explains this process in his most recent video on YouTube. +What's crackin', Apes and Apettes? I normally come on here to post shitty memes and stupid comments about mayonaise, but I've decided to switch it up this eve. + +I'm super smooth brained so bear with me. + +The Federal Reserve will begin to unwind it's $9 trillion dollar balance sheet next week for "quantitative tightening" in order to slow inflation starting by selling $47.5 billion per month and moving towards $95 billion per month in September. These treasury market liquidations will cause an intimidating amount of selling pressure that will very well ripple through our entire economy. + +Why is this important you ask? Well as they try to find the perfect happy place of selling enough treasury bonds and hiking interest rates to ward off a recession and astronomical inflation companies with big debt sheets will be hit HARD. Do you guys want to know about a company that doesn't have a huge debt sheet? The one and only Gamestonk. + +As companies are scrambling to figure out how they will handle ever increasing interest rates GME will continue operating normally just worried about how to help customers affected by all that's going on around them. + +While the debt heavy companies will be bombarded with selling pressure most likely to cause cascading margin calls across the market GME could very well rise up like an ape from the ashes to fling shit all over these greedy hedgies. At this point they will have no option but to cover, close, or be bailed out yet again by the United States government. + +At that point we will have risen so far that there will be no other choice but to make a systematic change (one would hope) since a group of retards on the internet was capable of figuring all of this out. + +I'd really like more wrinkles to chime in on this as I am fully retarded and blacked out for most of this typing. + +TLDR: Big Fed selloff cause big GME short squeeze? + +Edit: Sauce [here](https://www.reuters.com/business/calling-time-qe-central-banks-prep-synchronized-asset-cull-2022-04-19/?utm_source=reddit.com) +The rate is the ninth consecutive record for consumer price rises in the region, with the climb starting back in November 2021. Headline inflation in the euro zone hit 8.9% (year-on-year) in July. + +The French inflation rate decreased to 6.5% in August, down from 6.8% in July. Spain also released slowing inflation figures in August, at 10.4% year-on-year compared to 10.8% for July. Meanwhile the region’s largest economy, Germany, saw inflation reach its highest level in almost half a century at 8.8% year-on-year in August. + +Euro zone inflation hits another record of 9.1% as food and energy prices soar https://www.cnbc.com/2022/08/31/euro-zone-inflation-hits-another-record-of-9point1percent-as-food-and-energy-prices-soar.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Debating whether I should sell on contract news, or to hold until next quarterly update.. Been in for a few weeks and am currently sitting on a 33% profit. What y’all doing with this stock this coming week? +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Can someone teach me Market 101 for Dummies? Wth are sellers doing with their cash in hand, inflation going to melt it anyways. + +Does fear of inflation means it is actually fear of interest rates going up? +The above quote was from Cardiex CEO Craig Cooper during an interview earlier this year. 2020 was really a year of building the foundations for CDX with 2021 looking to be a large leap in terms of sales and revenue of their products. Highlights for 2020 include: + +· US and China FDA clearance of non-invasive blood pressure monitoring devices + +· Commercial agreement announced with Andon for the co-development of remote patient + +· home health monitoring devices (Andon are the largest distributor of medical devices in China). + +· Partnership with Mobvoi to launch a new line of smart watch containing Cardiex technology for heart and arterial health management (Mobvoi are backed by google and are a global leader in smart watches) + +· Contract extension with Bayer for their heart monitoring trials + +· CardieX devices to be used in largest hypertension and COVID-19 study to date (CARTESIAN Study). + +**Who are Cardiex and what do they do?** + +Ticker: CDX + +MC: $42.7m + +SP: 5.6c + +SOI: 837.8m\* + +Bank balance prior to SPP: $4.4m + +Top 20 shareholders own 50% of shares, with 20% belonging to the CEO’s Venture Capital company (C2 ventures). I will expand on the ownership below. + +\*There is currently a SPP which is only open to retail investors to raise $1mill in order to “The SPP is solely to enable our retail shareholders to have the opportunity to participate in the next growth phase of the Company at price levels that may not otherwise be available to them.” The SPP is at 5c and closes tomorrow, Dec 31. + +Taken from their website: + +CardieX is a global health technology company that focuses on hypertension, cardiovascular disease, and other vascular health disorders. + +The company's ATCOR division is the world leader in medical devices for measuring arterial stiffness and central blood pressure waveforms based on its unique FDA-cleared and patented SphygmoCor® technology. More than 4,500 SphygmoCor® systems are currently in use worldwide at major medical institutions, research institutions and in various clinical trials with leading pharmaceutical companies. + +Under the ATCOR.X brand, the company also develops and licenses its Arty™ platform consisting of physiological and health analytics for wearable devices. The company's digital platform, ArtyNet™, is a connected SaaS ecosystem providing physicians with a complete telehealth solution for remotely managing patients' health (2021 launch). + +The group manufacturing and R&D operations are located in Sydney. The American subsidiary, ATCOR Medical Inc., is headquartered in Naperville, Illinois. Executive offices are located in Newport Beach, California, and business development for Asian markets is located in Shanghai. + +**Products** + +Prior to the company being re-branded in late 2017, CDX had two existing products: ATCOR XCEL and Oscar 2 which are FDA approved non-invasive central blood pressure monitoring systems. After the company shake-up, a string of new products are being developed, and this is what has everyone excited. + +ATCOR Pulse: FDA approved, at-home, non-invasive monitoring device for central blood pressure, to be distributed by Andon and using the aforementioned patented SphygmoCor technology. Cardiovascular disease is the number one killer of humans globally. + +CONSUMER WEARABLES: The partnership with Mobvoi is only the first as they do not contain exclusive rights to CDX technology. CDX will receive a % of revenue from each sale with the launch expected to be mid 2021. + +ARTY Digital Hub: A consumer app linked to a clinician portal for medicare type patients in the USA. We all know how much the amerifats love their domino’s pizza so this will be a vital indicator, powered by the ARTY technology to monitor vital signs. Consumers will purchase this SaaS for everyday monitoring and alerts when cBP reaches critical levels. We have already seen several examples this year of peoples phones/watches calling emergency contacts after severe incidents, now CDX is offering a product. Imagine someone you know is having a heart attack or a stroke, now we have a technology that can alert a contact/physician. + +Pretty much all of these products are in the final stage of development for launch in 2021. Further details can be found in their November 2020 presentation. The 2020 quarterly update and half year sales update also have some great information on product progress including: + +· Record half year sales – on track for >30% increase over H1 FY2020. + +· Contracted order of the Pulse will be \~10,000 units. As a guide to the impact of this new device on the revenues for the Company, our current device sales of the XCEL central blood pressure monitor (which constitutes the most significant portion of our sales) are in the low hundreds annually. + +**The Director** + +Executive Director and CEO: Craig Cooper + +Craig is simply a money making machine, he runs a Venture Capital company C2 Ventures with Executive Chairman Niall Quinn and together they own 20% of the company. Unlike most small cap companies who are run by the person that invented their product, this company is run by a businessman so every single move he makes it is designed to increase the value of the company. Craig was the co-founder of Boost Mobile in the USA, the co-founder of the infamous Softbank Capital (he ran the technology arm I believe), run a number of Venture Capitals and even hosted a few TV shows in the USA where he was named “Hollywood’s top dealmaker”… whatever that means. + +Craig and Niall have a history of starting companies from nothing and turning them into something. + +The company is also on a hiring spree, signing up a new Chief Medical Offer, Chief Product Officer and now advertising on Linkedin for a Director of Marketing. They are three important additions to the already 30-40 strong established team. The chess pieces are well and truly being manoeuvred into place for 2021. + +I understand this is a long post so I will go no further because most of you don't have the attention span to get past the first paragraph. + +Disclaimer: Yes I hold shares and options in the company, my average buy is 5c. I also don't believe this is a rocket but more of a slow climb as the market doesn't really seem to be aware of their existence. + +TL;DR: Rocket emoji x3 +Doubled down on CRO today. Can't see why this won't keep rising based on both FA and TA - however the more I read these forums/hotcrapper the more I realise how bullish literally everyone seems to be on it. + +Hit me with your ST and MT targets my friends. Personally I'm out as soon as this baby hits 5c, and I'll go back into MEB + Keen to invest but have a couple of points to ask about + +\-DNi attempts failed previously on industrial scale with Direct Nickel Limited. I'm thinking bad management and low prices, things are different with QPM? + +\-Also how much does QPM get charged to use the Patented tech. + +-How sustainable is the sourcing of waste laterite ore to supply the project? New Caledonia might pump the prices, why hasn't China or another low cost jurisdiction run the tech if its so good? + +Also the price action feels very speccy atm, I tend towards miners which are about to commence/ramping up production. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! +Hey new guys, to be frank i am a quite new myself but seeing the comments on the daily i want to share my 2 cent, everyone should feel free to criticize and share their own opinion. + +I bought some ether back in the big dip we had a couple of months ago. I bought at 7.25$, i put all the money i had for investment back then. Two days later, 5.9$. I was so so depressed, thinking i could buy like 20% more ether if i bought then. But then something magical happened. It went up and up and up, wayyy past 7.25$. then it dawned on me; i might have missed that train, if i was picky and waited for the right price. + +Last night I bought some more ether, with all the money i can afford to lose right now. Yes, it can go down even back to 8$, but i dont care. Cause there is a big bright future ahead of us, and when ether will be worth 20$ and then 50$ and then 150$, you will wish you had bought when it was 12$, 10$ or even 15$ (who da f**k cares) cause in the end of the day, the price is prone to go up more than it is to go down, eating yourself over 1 buck will seem stupid in the future, making you waste an opportunity. + +Tldr; if you plan to hodl, just buy the freakkin thing. + +Hey guys, what would you do if you have $10,000 to buy any crypto you want? + + +Since I've been a part of this community for years, I would love to hear your opinion pls, I already heard many times "You need to research each and come to a decision based on gained knowledge, not by random people on the internet who may or may not know what they're talking about," but I'd still like to hear your experiences and opinions. + + +Truth be told I want to invest 10,000 dollars into Bitcoin, Ethereum, and some interesting Altcoin with a lot of potentials. + + +I already bought some of ETH last year, started getting this whole picture of crypto, getting to know all about it (still learning), and started using Metis as an L2 solution, but I hope this all will be reduced after the merge and the price are gonna rise and rise once again. + + +What do you think about buying ETH now? We're seeing that the ETH price started rising, it actually started a fresh increase above the $1,600 resistance against the US Dollar. Do you think it's now gaining pace and might rise further towards the $1,650 level? + + +Is this scenario possible for ETH, that a clear move above the $1,650 level might send the price towards $1,700 resistance? I suppose that any more gains may perhaps open the doors for a test of the $1,750 resistance in the near term. + + +Would love to hear your thoughts, thanks. +Deleted topic: https://np.reddit.com/r/Bitcoin/comments/4a3ahi/microsoft_store_doesnt_accept_bitcoin_anymore/ + + +/r/Bitcoin remains all flowers and lullabies. + +Only positive Bitcoin news allowed, and only if it fits the vision of Blockstream^TM + + +Bitcoin is over guys. This probably sounds like FUD, but, it's over. The community doesn't give a shit, that's why it's over. + +Even with all these obvious troubles and manipulation, it remains the most popular Bitcoin sub. The community is deluded, manipulated, non-critical, weak. + +I am so happy to no longer have to care about it, or them, thanks to Ethereum. + +Without Ethereum I would've been angry, sad, for seeing how a handful of people are able to manipulate such a big community and seeing them taking such a beautiful technology away from the people and destructing it. + +Thanks to Ethereum, I no longer have to care and today I can be all smiley faces :-) + +I sold all of my remaining Bitcoins in the past 24 hours. Coins that haven't moved since 2011 because I mined them myself. They can have it, they are useless to me now. +Hey new guys, to be frank i am a quite new myself but seeing the comments on the daily i want to share my 2 cent, everyone should feel free to criticize and share their own opinion. + +I bought some ether back in the big dip we had a couple of months ago. I bought at 7.25$, i put all the money i had for investment back then. Two days later, 5.9$. I was so so depressed, thinking i could buy like 20% more ether if i bought then. But then something magical happened. It went up and up and up, wayyy past 7.25$. then it dawned on me; i might have missed that train, if i was picky and waited for the right price. + +Last night I bought some more ether, with all the money i can afford to lose right now. Yes, it can go down even back to 8$, but i dont care. Cause there is a big bright future ahead of us, and when ether will be worth 20$ and then 50$ and then 150$, you will wish you had bought when it was 12$, 10$ or even 15$ (who da f**k cares) cause in the end of the day, the price is prone to go up more than it is to go down, eating yourself over 1 buck will seem stupid in the future, making you waste an opportunity. + +Tldr; if you plan to hodl, just buy the freakkin thing. + +Working as a wage slave doesn't provide you a good life time and you aren't even able to save money most of the time. It feels like crypto is the only hope for our generation to be able to live a good life in the future. What is your thoughts on this? What other actions do you take for building a better future other than investing in crypto? +Meta just reversed 7 years of stock growth, last time it was at 88$ was in July 2015. + +It's a company with 9.7 PE + +Last quarter made $27.71B + +Still growing in revenue YoY + +&#x200B; + +https://preview.redd.it/baiqifrp3rx91.png?width=1225&format=png&auto=webp&s=4f133a9da7c483852b300169d692baf39616faa8 + +Meta has tons of cash even though people say their metaverse is a money pit, most of this money is going to hardware the oculus quest not the development of their software to make the metaverse + +&#x200B; + +https://preview.redd.it/lu8rmclq3rx91.png?width=926&format=png&auto=webp&s=75356868349636d9c9c6f4652cf29bed17e934fa + +**Zuck the cuck has majority of the companies vote so there's no way he'll leave the new project.** + +And quite honestly I like the project, VR is awesome more immersive and funnier. There's games that are much better with VR than they were released, VR has a lot of momentum with younger generations you bunch of new boomers. + +Yes it's expensive and can cause headaches but so did phones and computers in it's earlier stages some even till recently. And there's room for improvement in this technology + +I try to have the same mindset that I had during this last bull run what will be the future now where can I risk my money on a future gamble, and this seems like it can be the future, Meta has tons of more cash to throw at this and the engineers. + +**We are not talking about a company with huge amounts of debt to finance it's ventures** they are using their enourmous amount of cash to create something new that might one day be a huge platform where other companies need to go to META instead of META going to others like Apple. +We were recently in an at fault accident - car in front of us stopped suddenly because a car in front of them stopped to turn 😒. We accept responsibility as we rear ended the car in front. + +We were called a day after the accident by Right 2 Drive. Our details were provided by the car in front. + +EDIT: Check your insurance cover before proceeding to provide information to a 3rd party. + +An important lesson to remember, ONLY talk to the insurance companies or even better get the insurance companies to talk to each other. + +HOW IT WORKS: Right 2 Drive charge x3 rates $$$ for the hire car, the contract makes them a claimant, and they then pursue the at fault insurance or party for recovery, through the courts if necessary. + +Insurance policies typically cover a hire car for the other party in an at fault accident. However, they only cover up the their negotiated rates with Hertz/Budget - leaving a gap that we have to pay 😡. It's frustrating as we have appropriate insurance, currently on a single income and thought that our liability was our excess. + +Lesson learnt. Hopefully by sharing someone else won't get stung. + +TL;DR. If in an at fault accident, offer to provide the other party a hire car. It will be cheaper. Your insurance company will cover standard rates from Hertz/Budget etc. +So far, all the talk I have seen has been around the big cities being in a big decline, Canberra not being fazed at all, and then boom towns - near mining etc - falling off a cliff. + +However, so far I have not heard much word on places like Newcastle, Wollongong, Sunshine Coast, Geelong etc, and also really tourist-driven places like Byron Bay for example. + +Is this just a matter of me not having my ears in the right places? Is it simply that they are small so aren't talked about much? Does anyone have any insight for me as to what's happening in these sorts of areas at the moment? + +For context, I'm from Wollongong and it's always been WAY too expensive for me to even consider buying something there, but if there's the chance of a collapse of some sort I'll keep my eye out... I've seen one or two houses in my home suburb that are cheaper than I've ever seen houses there come up. +I’m early 20s, have 50+k emergency fund (1-4 years worth depending on how I spend). + +I recently did a career change from software sales to project management etc role (this week started a new job). + +Should I pay off HECS early (40k debt) and if so how much? I’m aware it’s a “depends” answer but after opinions of others :) + +Cheers guys. Might be the first time I prepay my HECS! + + +EDIT: I was planning on putting just 10-20k, which seems to only “save” $300-$600ish for the year… + +Probs not the best. I think I’ll leave the 50k or so odd in savings, investing the excess into ETFs. Not looking to buy a house/housing situation sorted in the medium term. + + +Cheers guys! +1. Do you still have losing months/weeks? +2. Do you still revenge trade and end up loosing big sums? +3. Do you feel stressed out/like a piece of crap when you lose trades continuously and end up giving up previous days/weeks gains? +4. Did you ever wanted to give up on trading and what made you stay in the game? +I want to have a little debate about brokers here for Futures. Not trying to be a jerk, but objectively compare for a moment my experiences for anyone out there who is searching for trading Futures on small accounts (I'll define that as < $5,000) + +NinjaTrader and Tradovate both offer competitive pricing: + +[https://www.tradovate.com/TradovateAllInRates.pdf](https://www.tradovate.com/TradovateAllInRates.pdf) + +[https://ninjatrader.com/PDF/ninjatrader\_futures\_commissions.pdf](https://ninjatrader.com/PDF/ninjatrader_futures_commissions.pdf) + +Versus ToS: [https://www.tdameritrade.com/retail-en\_us/resources/pdf/TDA4075.pdf](https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA4075.pdf) + +Virtually the cost of /ES on Tradovate roundtrip, with regulatory/exchange included, is less than the *commission* of ToS. + +&#x200B; + +But it doesn't stop there. I've had trouble with ToS lags on order or moving stops. Running a Ryzen 5950x with 64 GB, even after raising the RAM usage on ToS, only marginally helps. + +Plus I would argue highly that the Auto Breakeven / Auto Trail available on Ninja (Trade has Auto BE) are tools that small time traders should absolutely use to protect their capital. It will set orders faster than you can react, and it is automatically included in the platform. + +&#x200B; + +Objectively, I don't see any reason why ToS is still held in a high regard for Futures, or really any general trading. The one caveat that it does have is a deep set of charting tools and ThinkScript with plenty of great indicators. It's "free" if you never place a trade, where as a platform like TradingView, and even Tradovate, requires you to subscribe for Futures data. + +&#x200B; + +For my part, I use Tradovate and ToS to chart, but I don't think I could ever go back to trading on it's platform. +I have a theory that the same subprime lending practices that essentially cause the 2008 crash are still happening, although now it’s with new and used cars rather than houses. + +The prices of new and used cars has been skyrocketing, far outpacing inflation. I myself bought a new/used car recently and was shocked at the lack of DD that went into if I was qualified. Literally it was a credit check and that was it. No income or asset verification at all. + +How is this possible with a liability like a car which literally drops AT LEAST 20% the second you drive off the lot? + +I would love to dig into these loans to see who owns/holds them and the historical, current, and trending default rates. + +I have dug around a little bit but not been able to pin this information down. + +Does anyone know how to track this down? What are your thoughts on the auto loan industry? Do my thoughts make sense or am I grasping at straws? +https://www.streetinsider.com/dr/news.php?id=16480016&gfv=1 + + + +Some highlights: + + +Raised Stakes 💹💹💹 +General Motors (NYSE: GM) raised from 72,269,696 shares to 75,000,000 shares + +Liberty SiriusXM Group (NASDAQ: LSXMA) raised from 14,860,360 shares to 31,090,985 shares + +Occidental Petroleum (NYSE: OXY) raised from 7,467,508 shares to 18,933,054 shares + +RESTORATION HARDWARE HOLDINGS, Inc. (NYSE: RH) raised from 1,207,844 shares to 1,708,348 shares + +SUNCOR ENERGY, Inc. (NYSE: SU) raised from 10,758,000 shares to 15,019,031 shares + + + +Lowered Stakes 📉📉📉📉〽️ +AMERICAN AIRLINES (NASDAQ: AAL) lowered from 43,700,000 shares to 42,500,000 shares + +Apple Inc. (NASDAQ: AAPL) lowered from 248,838,679 shares to 245,155,566 shares + +Bank of America Corp (NYSE: BAC) lowered from 927,248,600 shares to 925,008,600 shares + +Bank of New York (NYSE: BK) lowered from 80,937,250 shares to 79,765,057 shares + +Goldman Sachs Group (NYSE: GS) lowered from 18,353,635 shares to 12,004,751 shares + +Phillips 66 (NYSE: PSX) lowered from 5,182,637 shares to 227,436 shares + +The Travelers Companies Inc. (NYSE: TRV) lowered from 5,958,391 shares to 312,379 shares + +Wells Fargo (NYSE: WFC) lowered from 378,369,018 shares to 323,212,918 shares + + +New stake in Biogen and massive new stake in Kroger +I'm putting together a plan to relocate my family from the US to Germany in hopes of pursuing an education. Our ability to make it happen is minimal but with hard work I know we can do it. I posted my plan on the expats subreddit for some advice and I keep reading "you should get your degree first" as one of the first results when I talk about trying to relocate out of the US. My partner and I always chuckle a bit and say "that's the whole point of leaving for us!" We live in income based apartments that don't allow students to live in them. If we enroll in school, we lose our housing. + +I found an amazing dollhouse for my son's Christmas on FB marketplace and went to pick it up in a neighborhood full of $3M+ homes and teared up today. I don't have faith that I'll ever have a home, let alone one that is amazing and beautiful with a view. I'm so grateful for what I have and the ability to give my son what I'm able to, but I want out of here so badly it aches. + +Working has become miserable because the money I get is never proportionate to the work I put in. The US is set up perfectly to keep people poor. I can't even image how people get to owning big homes like that. I hope I have a home one day. I hope I can enjoy where I live someday. Just needed to vent. Thanks for reading. +I have just been scammed by BTCGAW.com. I was exploring their service when I found out that they use one bitcoin address to fulfill all orders (notwithstanding the fact that real operations needs to know who sent what), and the coins are all unmoved at this address: + +http://blockchain.info/address/16RiiW3wUMiid8eYXCvE8F1uj8WDUvuQUy + +I, of course, didn't proceed. The scammer soon emailed me, and you can see our exchange here: + +http://i.imgur.com/w5bvNb8.png + +So I hopped on live chat, where the 'operator' threatened to DDoS me for "100 days" and "make orders to get you arrested" if I expose their scam on reddit/bitcointalk. He actually did DDoS my IP, but I just reset my rounter and hopped on a VPN in a few minutes. + +http://i.imgur.com/JAkxKuO.png + +I was writing this post until I realized that I can probably get more material out of him. (He's very dumb, not realizing that he's not scaring me at all). He proceeded to purchase carded credit card details, and claims to have ordered child pornography and send it to my email: + +http://i.imgur.com/DVoBAkz.png + +That's the end of our conversation. Of course, if I do receive any child porn, I'll be reporting it directly to the relevant authorities. I don't think he thought his plan through. + +CONCLUSION: BTCGAW.com is a scam site, owner is hilariously inadept. +A friend sent me check for several hundred dollars, but there was a error in how the letter was addressed that caused it to be misdirected to another apartment in the complex—basically, two pieces of information (including the name) point to me, and one piece of information points to the other apartment. I know this because I use the USPS's Informed Delivery, which sends you pictures of your mail before it gets to you, so I am pretty sure I know which apartment got it. (Unfortunately, I didn't notice the error until I went back to start hunting for the check.) + +Someone else cashed the check about a week ago. My friend who wrote the check has reported it to his bank is waiting on them to get him more specific information on what happened to the check. I am going to ask the apartment management who lives in the unit that the check was apparently delivered to, but am not sure what to do with that information. + +Should I need to file a police report? Is there anything else I need to do? How likely is it that my friend will get that money back? +For the last 3 quarters, Apple has tanked 15+% post earnings. For those of you with long trading positions, are you planning on selling close to earnings? We’re making ATH right now and I anticipate a little more of a run up before earnings in a few weeks. However I don’t see blowout earnings this quarter so expect another pullback, before another monster run in Q4. What are you doing? + +Edit : +I’m talking mid-long term trading positions, not long term investments +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! + +0xchan is going to be a decentralised and immutable message board system on the ETH blockchain where users can post messages and media files. + +I've read through their white paper several times now, and I think it's really innovative and fixes quite a few problems that you see, for example, on Steemit. + +It will consist of a website that interfaces with a smart contract, which serves as a decentralised ledger to write to and read from. Larger chunks of data are stored on the IPFS network. + +Users will be able create their own custom boards, and also clone or fork the website repository and set up another interface by themselves or for others. + +A few things about this are particularly interesting to me: + + +* You stake ETH in order to be able to post. (You can withdraw it at any time) +* Posting costs you 0.0001ETH +* 80% of this fee is distributed to everyone who has staked ETH. So you receive dividends from all the activity on 0xchan +* Users can purchase ZCH tokens (yet to be created) which will increase their stake percentage and can be used to pay posting fees instead of ETH +* The power of moderation is given completely to the user base as opposed to whale token holders. If a post is reported, a moderation smart contract chooses a random selection of users to vote on whether the post should be hidden or not. + +There's so much more I could say but this post would be enormous, so if you want to go a check out how it's all gonna work, you can read the whitepaper on [0xchan.net](https://0xchan.net) + +It's currently in its crowdfunding stage. If people want to contribute, you receive ZCI tokens for your ETH which you will be able to swap on a 1:1 ratio of ZCH once the contract is live. + +&#x200B; +Better governance than any other coin + +Superior tech over any other coin + +Strongest network of developers in the blockchain world + +Strongest institutional investors in the market + +ETH is the entrance for Ethereum based ICOs (a new economy based on the ETH token is nigh) + +Slowing inflation + +PoS mining hardware investments will transform into staking investments (the money that went into GPUs will now go into buying and holding ETH) + +DAO lessons (no more controversial hard forks) + +Decentralization (with PoS any device could be a strong node, as opposed to BTC or "Chinacoin") + +Environmentally friendly (compliant with actual and future legislation) + +GAS demand for the (EVM) Ethereum Virtual Machine, apps running on ethereum need to cover gas costs. + +IoT trillion+ sensor economy backbone + +and more... please help us complete this list +As you may have heard the founder of Cardano (Charles Hoskinson) was actually a co-founder of eth right along with Vitalik Buterin, and lately I have been hearing a lot of Cardano bulls saying that Charles left eth because he did not agree with the vision and the way they were doing things. what these same people will never tell you is that Charles was forced out of the eth program because he wanted it to be a for-profit venture. This went against vitalik's vision of a non-profit blockchain and he was forced out of the program because of it, not because of some rightful cause. +Augur looks and feels like a shady sportsbook. The app, though in Beta, does not appear promising. What am I missing here? If it ever takes off will there not be hundreds if not thousands of spammy questions? The tag list will grow into the hundreds if not thousands. How will users wade through the spam? There are lots of solutions and examples of existing prediction markets to pull from but elegant filtering UI/UX can be complex. Are you confident they will be implemented elegantly by this team? Even if the fundamentals are strong, do you see this being used by mainstream users and not just internet trolls? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi PF family, + +I'm trying to build a roadmap / outline for my finances moving forward. I am currently reading through the entire wiki but I'm not 100% literate and there's a lot of information to go through. I thought I'd create a post to gather basic advice from redditors as I read. Here's the story: + +For years I had been living without a permanent residence and no primary source of income. About a year ago I was able to secure a $35k/year job and now rent a room in CA. My monthly expenses add up to just under $900, so I've been able to pocket roughly $1,200+ each month. I recently found out I now have $15,000 saved up in my Chase checking account, which is more money than I ever thought I would have. I'm accustomed to spending all my money on survival. A coworker suggested there are ways to have my money make money for me, and that I could learn about it here. + +I am approaching 30 years old with no higher education. Is college a good investment? This job and this living situation aren't going to last forever. I've never had to consider a future since I never thought I'd have one. + +I would appreciate any advice. Ask as many questions as you need. I have nothing but time. + + + +Edit: Thank you everyone for the advice and well wishes. I didn't think anyone would read this post, let alone respond with such an outpouring of support. I read everything you've said here and have taken steps to move forward. I opened a high interest savings account and now my money will grow at 2% annually instead of just sitting there. I'm going to invest that money in myself. I applied through FAFSA for financial aid so I can start going to community college and pursue a degree in computer science. I'm still researching and trying to put together a career path, but this is a field I'm interested in and I believe I will succeed in. +\*This is a throw away account just in case\* + +I have just finished my digital marketing apprenticeship with a digital marketing agency based in \*Manchester City Centre, after 1.5 years with them they have offered me a new contract worth £15,500 p/a. I am 21 and work this out to be just over minimum wage for my age bracket. + +I have no idea if this wage is appropriate or not as I do not know where I sit in the grand scheme of things. Deep down I was hoping for more but don't really know if I would be successful in getting a similar job anywhere else with a higher salary. What are my options and how should I go about it, any help would be massively appreciated. + +Cheers. + + +\*Edited in where I am based - Manchester +So, I'm 22yo and just recently relocated to the UK. I think I'll stay in London for a couple of years and move to another country again. But still I'd like to open a bank account in the UK and use it as my main account. + +I have other bank accounts and some online bank accounts but want to make the switch completely to a big bank here. + +The reason for the switch is mortgage(in the future), credit score, investing and savings. I'm pretty new to managing my finances and I'm having a little trouble comparing the biggest banks. + +Any advice is helpful, I'm looking for a reliable bank with good perks and a bank that has the best tools for managing investments(potential) and savings. +As always DYOR! Not sure if it has been mentioned or not but I think this project will be huge. The tokenomics are sick (deflationary), it's got excellent partners, the AR stuff you can do with it looks kinda neat too. The marketcap is still small (was 360M 2 days ago). Best part: you don't even have to know what crypto is to buy their NFTs via their VeVe app, paving the way for wider adoption. It's only on a few exchanges now, but it's going on Uniswap soon, where I imagine the price will surge. + +VeVe app (uses OMI tokens): www.veve.me + +Edit 3: I'm poor a.f. and my student debt would really thank you if you used my BitForex's referral, and it helps you as well so double-whammy :D + +BitForex invitation code: 2578191 + +BitForex invitation link: https://www.bitforex.com/en/register?inviterId=2578191 + + +Edit 2: Thank you stranger for my first reddit award + +Edit: You can buy it off bitforex +It’s a very easy process. + +I’ve just spent a significant amount of cash on the new rig but it will be useless if I can’t piece back together the story , especially if a post or two get deleted before I get to them. So + +So ape historian is asking for your help once again + +If you are on desktop just copy the url of the post (the main post not the comment thread) + +Go to archive.is, paste the url and click submit. + +Done. + +It will help if a post gets deleted before it can get backed up by me - which can happen . + +If you are on mobile the process will also work, you just need to remove all characters after the last “/“ ie everything that starts with ? After that last forward slash character. + +Then the process of copy pasting it is the same. + +To all people who see a post that’s worth saving - do the same as above. + +I am asking for your help Because backups sometimes take multiple days with a lag and if it’s already deleted before it’s backed up there is nothing I can do then + +Thanks, +Ape historian + +Hdds go brrr (soon) +Hi folks, + +The TLDR is in the title. I’m getting divorced and planning to keep the house. But to do so, I have to pay my ex. $55k by December 31. I currently have $53k after splitting our assets. + +Why I’m anxious: if worst case happens and I get fired, I can’t find a new job quickly, and the housing market crashes, I’d be bankrupt and living with my parents again at age 35. + +Why I think I should gamble on it: It is a way nicer home than I could afford after selling because of interest rates now, and I have a high chance of keeping the 2.5% interest rate because I have a good chance of being able to remove my ex from the existing mortgage. (Release of liability is an option from my lender if I qualify, which I should unless I get fired.) + +House value: About $475k but the market seems to be cooling. + +Principal still owed on Mortgage: $357k + +Monthly payment: $2150 + +Other debts: $165/month car payment, or $10,000. + +Gross Annual Salary: $89k (I have a decent chance to be making $105k in 2023 after qualifying for promotion) + +401k: $54k (I should be able to take a loan on half of it in case of emergency) + +Thanks for any advice! +http://www.tampabay.com/news/business/area-drivers-feeling-pain-at-the-pump/1153809 + +Just plain greed - the gas at the stations was already in the tanks and should not have been subjected to the recent market volatility + +EDIT - everyone should find their local gas price tracker - http://www.tampagasprices.com/ +The kids are primarily inner-city school children. Their ability to grasp equity and shareholding was impressive. I'm trying to run with it if I can. + +Exchange rates were pretty easy to explain using the analogy, as was the role of gold and commodities during economic cycles. The big challenge is going to be explaining how governments control the supply of currency and how that influences domestic and international markets. If I can explain how this is done within companies, I can draw upon similarities and differences between how it's done in countries. +I see the term 'resistance' dropped all the time, but it always seems to be in the context of an abstracted view of the price activity with little to no consideration of the company's situation. Is resistance meaningful or is it just reading tea leaves? + +I've followed several stocks closely for more than a year, and it seems to me just reading news about the company is more predictive than past prices. Am I missing something? +My partner and I went to order our sofa and carpets yesterday from a major department store as the sale was due to end at 8pm last night. We wanted to spread the cost over 4 years interest-free and I started the process of filling in the finance application. The application took more than 20 minutes to be assessed by the underwriters, which was strange as this company uses the same finance provider as a well known electronic department store that I've used in the past. The manager tried to phone the finance company to see what the hold up was and couldn't get through so we left and they said they would call us today/tomorrow to finalise everything. We left knowing that we'd locked in the price and was happy. This morning the same sofa suite has been reduced even further by £300 and some carpets have been reduced further (unsure whether or not the ones we chose have too). Because we left the store with the finance application with the underwriters am I still within my rights to go in and ask for everything at the new lower price or am I now tied in to the original higher price? + +I spoke with family last night who said if I go in asking to pay cash for the sofa I may get it even cheaper. I'm also going to look at a local carpet dealer to see how their quote compares to the 'sale price' of the carpets. The reason we didn't do this previously is because we were made to think that the sale ended last night at 8pm. +Relax. There is no point trying to trade when there is a lag of an hour, with unreliable charts. + +The last few hours have been eventful, with a pretty well orchestrated DDoS. This DDoS was meant to induce panic selling, so they could buy up bitcoins at a lower price. + +You're not going to help yourself by just staring at bitcoinity/mtgox/reddit etc. constantly pressing f5, spamming sell orders (in fact you're probably contributing to the lag). + +So just take a break, have a bath/go for a walk/play some video games and come back later. If you invested correctly, you should have been aware of the potential for a loss and be able to handle it. Hold out for the long term, we have seen exponential growth over the past couple of weeks, and the current price is still higher than what it was a week or two ago. + +Just my advice, + + +peace + + +Edit: What we can take out of this situation is that we clearly need better exchanges that can handle large volumes of trading/traffic. We can't rely on Mt.Gox. We need to push for better quality, otherwise bitcoin cannot go on like this. Over an hour of trading lag is unacceptable, exchange sites that keep going down leaving us unable to trade our own currency is unacceptable. + +I suggest you try to contact Mt.Gox and other exchanges and let them know how you feel about this, hopefully their declining market share and consumer satisfaction will spur on some much needed improvement +1. Other companies are on-track to sell electric car, may have their own autonomous driving solution and/or operate a robotaxi fleet, but trade at a lower valuation. + + +2. More people working from home, trend of younger generations embracing ride-sharing, and the potential of robot taxis means fewer cars needed +https://money.usnews.com/investing/news/articles/2021-09-14/microsoft-announces-share-buyback-program-of-up-to-60-billion + +(Reuters) -Microsoft Corp said on Tuesday its board had authorized a new share buyback program of up to $60 billion, while also raising the quarterly dividend by 11%. + +The new dividend of $0.62 per share is an increase of 6 cents over the previous quarter's dividend. + +Microsoft said the share buyback program, which has no expiration date, may be terminated at any time. + +The company's board also approved the appointment of Brad Smith as president and vice chair of Microsoft. + +While Smith already serves as the president of company, Microsoft said that vice chair was an updated executive role for him. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Ethereum ATH was $4.8k at 8 November 2021. It's been 9 brutal months since then. If you are still holding, congrats, you've survived 9 brutal months. + +I know we have a long way to go but I believe we will reach that $10k milestone one day. Keep believing in ETH! +Kind of click baity title, sorry for that. + +Reading the comments on this sub I noticed quite a few 'confessions' going a little like this: 'I started out as a bitcoiner, got disappointed by BTC or inspired by ETH and flippened.' + +Now I thought wouldn't it be jolly good fun to have a thread dedicated to these kind of confessions!? + +It would be interesting to know about how you got to know bitcoin, what got you hooked. How you got to know Ethereum and what made you flip? + +Please don't turn this into a 'let's bash coins' thread. Genuinely interested. + +EDIT: Thanks everyone. It's great reading all your personal journeys into crypto and specifically ETH. The stories that struck me most are the ones where crypto has enabled a new lifestyle, seeing your parents more often, being able to afford things unthinkable before. + +Thanks for the time and honesty! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +First, for those who don’t know me, I’m the guy that comments and cheers on 90%+ of purple ring posts. I’m xxxx all in GME, 100% DRS (I used computershare flair so you can check the bot comment for proof) I’ve been here since January. I’m on here many hours a day every single day. I love encouraging and helping others. 🦍💕🦍. If you have questions or concerns, please comment or PM me and I will have, or find, the answer for you. Every single reply to this will get a response. + +I’m going to keep saying this: There is nowhere near 700,000 of us on Superstonk and other GME subs. The vast majority of ‘accounts’ are bots, shills, dead accounts, and multiple accounts. I think it would be very generous to say there is even 300,000. + +On the subject of the number of CS accounts … yes, the high score account number being 114xxx means there are 114,000 account NUMBERS. However, there are many apes with 2 or more account numbers. I’ve spoken to many apes that have 3-6 different account numbers! This is exactly why roid_rage_smurf (DRSBOT guy) has added the new CSX feature. PLEASE support this! Simply go back to your original CS post and comment: + !DRSBOT:CSx! +where x is the number of different CS account numbers you have. + +*****After collecting data from the first 328 apes that submitted a CSX number, the number of accounts per ape is 1.39. This reduces the 114,000 CS accounts based off of the high score to actually 82,014 unique ape CS accounts. (Maff=114,000/1.39) +This is why BOT and CS.net numbers were so far off from GameStop’s earnings release number of 5.2M on October 30!!***** +IF I am right, and there are less than 200,000 of us on Reddit and/or many apes will not DRS, then we are approaching a point where the number of new CS accounts is going to come to a grinding halt. Then we’ll be relying predominantly on new purchases to lock the float. You can already see on u/stopfuckingwithme ‘s high score post graphic, that the number of new CS accounts are substantially dropping. + +Next, all too often I see posts using ~33M as the float, but I’m convinced that is wishful thinking. Existing shares of ~75M minus insider shares of ~16M (even IF all of those are registered) = 59M shares that probably need to be DRS’d. Do you really think hedgies can’t use NON-DRS shares (institutional, mutual fund, and ETF) to continue their manipulation?!? So, even IF there are actually 300,000 apes on Reddit, the average number of shares per ape would need to be 197 just to lock the 59M. Obviously this will take a much longer time to accomplish. If we DRS 5M shares every month from October 31 2021 forward, it would take us until October this year to DRS the 59M shares. + +*****My main point is that locking the float in CS is going to take EVERY one of us DRSing very close to 100%. There are only 3 things that could change this:***** + +1) The word about GME and DRS needs to be spread to the masses outside of Reddit in a big way. (Social media, word of mouth, website, banners, billboards, whatever). If every ape here would just reach another person or two outside of Reddit, we would lock the float in no time! + +2) Enough apes with money tied up in other investments would need to convert those to GME. I truly love every ape !! But please PLEASE trade in your “other investment” now. It’s the perfect time. Even IF both squeeze, only GME has a turnaround plan that can launch MOASS. Why split your ammunition with an inferior stock when the float can be locked so much sooner by fighting the war on only one front?!? + +3) I know this used to be a point of contention - I welcome HEALTHY discussion in comments - but many apes have a ton of shares with Etoro and other brokers that will not DRS. *****Sell and re-buy elsewhere!! ***** Please don’t trust your tendies to a broker that won’t DRS! + +This post is not FUD. It is meant to be purely motivational and encouraging. I think if and when GameStop releases the CS numbers as of January 29 in their March release, we will be lucky to be at 16M. Don’t wait for that number to get off your butt and DRS your max! I don’t trust any broker now. I certainly won’t trust them not to screw us over during MOASS and/or when they’re facing insolvency. Why trust a broker with your millions?!? I don’t say this to scare anyone, I say this because I want you to get your tendies and change the system. + +*****Changing the world is what’s at stake!!***** + +BE THE CHANGE!! Ignite the rocket! 🧨🚀🧨🚀🧨🚀 🦍💕🦍 + +For newer apes, please check out computershared.net by u/jonpro03 and all apes check out newer posts by u/fleshfarm-leftover for more CS data perspectives. + + +TLDR: DRS your max! Spread the word. +#LOCK THE FLOAT!!! + +DRS your IRA: https://www.reddit.com/r/Superstonk/comments/sh5cy1/how_to_drs_rollover_simple_traditional_and_roth/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +**THE THEORY** + +According the *The Intelligent Investor* By Benjamin Graham, the Investor should have a substantial bond component to counteract the dips in the volatile stock component. He should seek to have anywhere from 25% - 75% of his money in the bond component - preferentially a 50/50 split. His method suggested that you rebalance on some long-term frequency (quarterly, annually, etc.) so as to keep the balance. In doing so the theory goes that you would have money to re-invest during the dips in the market and thus come out ahead of the person who would solely invest in stocks. + +**THE DATA** + +* 65 Years of S&P 500 Data. + +* 65 Years of S&P 500 Avg Dividend. + +* 65 Years of US Treasury Yields on Long Term Bonds. + +**THE MODEL** + +* The model will Dollar-Cost Average into the market with some split going into the a general bond fund. + +* The amount to Dollar-Cost Average is not a fixed number. Its basically a calculated amount based on inflation and lower-middle class salary investing 15% into his 401K. (All this is to say think about $100 per month in 1954 and ~$700 per month now). + +* The split between the stock and bond components is initially user determined. Excel will go on to solve for the best overall return. + +* Dividends, whether from the stock market or the bond component, are paid out annually and are re-invested. + +* The Bond Coupon Rate is user determined -- Unfortunately the math was too complicated for a spreadsheet without running simulations iteratively to use actual treasury data. + +* Re-balancing is done in either one or two methods**(More methods to come!!)** + +(1) Re-balancing on a predetermined frequency. + +(2) Re-balancing reactively to market conditions. Specifically, in this model it would be to dips in the market. So only rebalance when the market tumbles. + +**THE RESULTS - Prefatory Comments** + +As we all know the general market goes up readily year over year. Over this 65 year period to present, it has gone up 7.6% year over year. The bond component is steady given its user inputted, but in general it has decreased. The real money in these situations has been selling bonds and not waiting for them to mature. There is no easy way to track the market price for individual bonds across the years, so I will have to have an update at a later time providing additional info. + +**THE RESULTS - Actually this time...** + +So plain and simple, it proved to be a fruitless endeavor to have a bond component whatsoever. No matter which method of rebalancing chosen, it was better to have 100% of your money in the general market. (In-fact the reactive method of rebalancing your portfolio worked out worse than doing it on a schedule) The returns realized were far more than the market average given the dividend re-investment **OVERALL RETURN ~44,000% :: COMPOUNDED RATE ~6% Year over Year** (Some of you may be confused a little as to how you can have the market go up 7.6% year over Year on average and still do better than the market at a 6% Year over Year return with dividends, and thats because the trailing end of the model is not reflective of the averages and will both skew and distort the information. Additionally, the money recently invested will show a 0% return in the immediate; money really needs to be in the market for a while for it to be entirely reflective.) + +One might be asking at this time, ok well these numbers entirely depend on the coupon rate selected for bonds, and I would totally agree. Thats why I over-estimated the bond coupon rate at 7% or more, and still it was optimal to put 100% into stocks. + +For more information. Excel would change both the balance as well as the frequency in the first model and it always landed on 100% stock component as being the most optimal. In the second model it would optimize the balance as well as how much the market had to drop before rebalancing. Similarly, 100% was the most optimal. What was determined from graphing the data was that unless one had foresight into coming crashes it was only optimal to keep all of your money in the market. A future analysis will have to be done to determine about how much foresight would be needed. To elaborate further, if you could sense a market recession coming on it would be beneficial to skew your balance (something Graham recommends if possible) and this model didnt show that. This is obvious but difficult to put into practice for fear of losing out. + +Graham advised this for a few reasons that were not elaborated, in his day the index funds available to us today were not available and his advice wasnt as simple as... rain or shine you are to rebalance... as mentioned in the last paragraph, you were to use an understanding of the market to determine what ratio of stocks to bonds you should have and not keep it a set ratio. + +**FINAL COMMENTS** +If you are to invest in bonds, do so not as a consistent strategy or reactively. It should be done as a hedge against future crashes if you are to make money from it. Another analysis will soon look at foresight hedging your portfolio and then returning post-crash to a predominate stock based portfolio. Also, a 100% index fund into the S&P 500 proves to work out just fine and shouldnt be looked down upon as a great way to make money for your retirement. +This is a good video if you think you want to invest in ARK funds. + +There have been plenty of funds that did at some point did well. The question is if they continue to do so. What does history and the academic research tell us about such funds? + +>Seeing people around you pouring money into a hot fund that only seems to get hotter can make sticking with any previously well-thought-out investing strategy difficult. As if your diversified portfolio only returned 10% last year when you could have earned 200% in the best fund. While each hot fund manager will seem brilliant at their peak, the phenomenon of star fund managers, including their powerful narratives, huge returns, and media adoration, is nothing new, and it’s not a story that tends to end well for investors. + +[https://www.youtube.com/watch?v=p6HrepdLSu4](https://www.youtube.com/watch?v=p6HrepdLSu4) +Hi everyone, + +I work in London and recently got a salary increase of £1,250 taking it to £30,250. + +Upon my first pay with this increase, I realised the ‘additional’ pay is merely £42 more each month (instead of the ~ £65 I expected) than prior to the increase. + +I worked out that it’s roughly 23% ‘tax’ (after student loan deductions) - is this because of inflation, or is this not normal? + +Apologies for the newbie question - I’m quite new to the working world! +I was interested in robotic/automated farming ever since I saw the [farm.bot](https://farm.bot) back in 2017, many other companies like Iron Ox and Sustenir are also very similar in which their goal is to reduce waste (soil, land, water) and automate farming. + +&#x200B; + +But since I only got into investing this year I have not been able to find a single robotic agriculture stock on the market, does anyone know of any? It would be really helpful and I'd like to see what the public companies are like, it seems like many of these private companies are being slow in their progress + +edit: thank you to all the comments it’s surprising that these all exist i’ll be doing my research on them, prior to this post I was literally googling “robotic agriculture stocks” and never found any! +https://en.wikipedia.org/wiki/Dot-com_bubble#Aftermath + +If you review these companies, you'll see a lot in common with today's "growth" companies like Docusign, Roblox, Teladoc, Crowdstrike, Nvidia, Tesla, Lucid Motors, Rivian, etc. + +Pretty much all of the companies on this list were seeing rapid growth in revenues. Verticalnet, for example, IPOd with $3.6 Million in quarterly revenue, rising rapidly to $25 Million in quarterly revenue by 2000. This sent the stock price soaring, reaching a market cap of over $10 Billion. They even received +an investment from Microsoft. + +What was the fate of this company that was delivering consistent revenue growth, in an industry that was projected to grow immensely? + +If you invested right after the IPO when the valuation was $1.6 Billion, you would've seen your investment go up by 500%, or 6x, in roughly a year. Amazing, right? Well, suppose you continued to hold. + +>In 2008, Bravo Solutions acquired Verticalnet for $15.2 million. + +Even after all those gains, you would've lost 99% of your initial investment over 9 years. + +Look throughout the list, lots of companies are the same story. Companies reaches obscene valuation, later gets bought out for pennies on the dollar of what people paid. Lots of fast growing companies trading at many times revenues that provided terrible ROI. + +But what about quality blue chip companies like Nvidia? They are profitable, and aren't going anywhere and will grow with AI and Metaverse, right? + +Cisco was THE blue chip of the time to be invested in. Just as Nvidia is Powering the supposed AI and Metaverse boom, Cisco's networking equipment was powering the internet boom. + +Like Nvidia, Cisco was a profitable company with good margins, so they seemed like a safe investment. + +However, if you invested in Cisco at the peak of $80/share, you would've lost more than 80% of your investment in the ensuing crash. If you held until today(2021), you'd still be down 30%, before dividends. + +The takeaway here is that just because a company has grown consistently over the past few years does NOT mean they will continue to grow at that rate. Once a company gets big, competitors arise. Eventually the company captures the size of the market for their product, and growth slows considerably if they fail to continue to innovate in new areas. + +Roblox, for example, is already played by over half of US kids. Where is the growth from here? The stock is trading at 35x revenues and is unprofitable. We also know consumer trends change quickly. What happens if the next generation of kids play something other than Roblox? This is a risk that isn't even priced in. + +But what's the bull case? How do they possibly expand such that they produce a ROI to shareholders at current prices? + +While things still aren't quite as extreme as the tech bubble was, the same principles still apply. + +If you invest in any stock, you need to ask yourself "Am I comfortable holding those for 30 years if the price tanks, only collecting dividends?". If the answer is no, you shouldn't buy it. If you're depending on the next guy to also pay 35x revenue to buy your growth stock, you're speculating. +https://wolfstreet.com/2022/09/16/the-fed-stopped-buying-mbs-today/ + +"The purpose of MBS purchases was to repress mortgage rates and inflate home prices. That process has already started to reverse." + +We can all deduce (or guess) what the impacts of this will be based on the intended purpose. + +Roll this into the collective data when trying to make sense of where markets are going, or simply where they have gone. +Hi guys, + +21 yo/M/dropped out + + After I dropped out of college here in my country (eastern europe, after first yeah), I went doing sales. It was funny because when I arrived first time in my job I discovered FI sub and I was astonished. I saw that in my sales job (telecomunication) everyone was buying new cars, going to eat for 20 euro per food etc., just living paycheck to paycheck. + + In half a year I became top 10 in whole country, improving myself everyday. Average income in my country, 600-750 eur (FI is unreal for most people) + + I went living with 5 roomates and my expenses were about 250 eur per month.( I was just patience) I could go with my income to 1200-1800 eur every month (when I told customer how much Iam making she was astonished and couldnt believe me) it was base pay(430 eur) + what I sell. + + And now the beautiful catch. It is such a soul crushing job, the managers trying to manipulate, higher managers are putting down our wages up to 15-25%. And I was laughing. + + I came to my boss about getting more money every month, with statistics how I made so much money to the company, and he told me that we can go only up with 25 euro per month....yeah. + + And the beauty of it, In this moment I have around 15k of money(year and half of work), It can last me for 4 years of emergency fund and going to risk it for being an entrepreneur. I decide that this is enough because it gives me aircover to risk a lot. + + I know my english isnt that good, but I just want to thank you all. Because if I wouldnt find this sub, I would be comparing myself to jonasses(or how they are called :D) + + EDIT: some interesting info, for being financial independence in my country you need around 350k of eur. It could give you perspective +I wanted to pull some cash out for the weekend. It is over $10,000 as I’m looking at a travel trailer. I didn’t want to spend my cash on hand so I did a small personal loan with them till we figure out what the economy and inflation will do. (FWIW I did it all online and they direct deposited the funds, so this branch might have not known) + +After I verified my identity she asked what did I do for a living. Puzzled I replied honestly. When she came back on I asked her why she asked that and her reply was “we have to file the request per occupation, it’s not a big deal.” + +That didn’t really make any sense to me. I have been a customer since I was 18 (now 37). Anyone have any insight? + +Edit: This gained way more traction than I was expecting. Thank you all for the valuable information. Hope it helps others as well. +I understand volume, but I'm feeling so confused with float for some reason. I checked on investopedia and it's not clicking lol. I dont know if it's because I trade/focus on crypto. I've heard that you can't find float with bitcoin for example because nobody knows the amount that is dormant. +Hey guys newbie here, + + +So recently I got into day trading, and I found that you can set your prices so if they dip you can sell your trade, and if they rise up to a certain amount you can sell it at that price point. If this is true then why do so many traders fail, or lose money? Do they forget to set the drop price? can someone explain, please + + +Also, is this \^ what is meant by automated trade? + +&#x200B; + +Thank you +I’m sitting here trying to do some trading, and waiting for enough indicators to give a buy signal is like watching paint dry. What do you guys do in order to keep yourselves focused on your charts but not get bored? +# Why am I doing this? + +Most of us are probably active on this subreddit, because they want to increase their financial education in some way or the other. + +So do I! I want to improve my financial education by learning at least one new financial term every week. + +For me the best way to learn about a new topic is through these steps: researching, explaining and discussing. + +I'll explain a financial term and give some of my own thoughts about it. You may have a different opinion on the definition I chose or think about that topic in another way. + +And that's where I hope, the discussion kicks in. + +# But now.. Let's start with this weeks financial term: Profit + +When a business gains income from a business activity, the amount of **revenue** that **exceeds** all the **expenses** of that activity is called **profit**. Or in other words: Profit is the excess income over a company’s expenses. + +## Types of profit + +Three major types of profit can be differentiated when analyzing the profitability of a business. + +1. **Gross Profit** = Sales – Cost of Goods Sold (Doesn’t include expenses like taxes, administration or interest payments.) +2. **Operating Profit** = Gross Profit – Operating Expenses (Operating Expenses include pretty much all costs necessary to run the business e.g. cost for insurance, administration, maintenance, warehousing, transportation, marketing, wages…) +3. **Net Profit** = Operating Profit – (Taxes + Interest Payments) (Net Profit is the income left over after all costs have been deducted.) + +## Example + +A company sells chairs and has an income of $100,000. The materials for producing the chairs cost $30,000. The company has $50,000 operating expenses, $5,000 expenses for taxes and $5,000 for interest payments. The resulting profits are: + +Gross Profit: $70,000 = $100,000 – $30,000 + +Operating Profit: $20,000 = $70,000 – $50,000 + +Net Profit: $10,000 = $20,000 – ($5,000 + $5,000) + +&#x200B; + +There are many factors to consider if you want to invest into a business. Profitability is probably one of them.So… what do you think is the most important type of profit to look at, when analyzing a business? Which other indicators should be considered urgently? + +Feel free to ask questions, comment on my thoughts and give your honest feedback. If you are interested in learning and discussing more financial terms together, let me know. Finally.. thank you for taking your time, reading this and sharing your thoughts with us! + +&#x200B; + + + +Links: + +Financial term of last week: [Capital](https://www.reddit.com/r/investing/comments/ayc387/financial_term_of_the_week_capital/?utm_source=share&utm_medium=web2x) + +Next financial term: [Assets and Liabilities](https://www.reddit.com/r/investing/comments/b3qwu8/financial_term_of_the_week_assets_and_liabilities/?utm_source=share&utm_medium=web2x) +If you had to pick only 5 stocks to trade for the rest of your life based in what you know now, what would they be? +Meaning you can only buy and sell those only. + +No Index funds, no ETFs, no mutual funds. Single stocks only. + +Mine are: + +MSFT- My favorite tech stock by far. In the long term always seems to keep up with the pace of new tech and has solid workforce and at least since they dropped Balmer, management is on point. (Edited for spelling) + +AMZN- Absolute monster. Hard to not want it in my line up. They will continue to grow and buy up/absorb new tech and not afraid to buy up the little guy to increase their market share. + +AMD- I like them for the fact that their tech has been setting the bar as of late. While Intel or Nvidia might be bigger and have more market share, i think AMD has more potential over a long term. + +HD- I like the grasp on the non tech market they have. They do well during economic growth. They sustain during economic lulls. And even though I'm a Lowes guy, they are the workhorse in household consumer goods and building materials. + +BA- Chose this over an airline because it moves with the same news, but is tied in closely with US Military spending and will sustain over times of peace and war. + +Note: Honestly i invest 70ish% in funds. And only about 25% of my portfolio is in blue chips. But thought it'd be fun to see what people choose and they're reasoning. +edit: Aug 13th + +# Huge purchases of insiders in July and Aug before DD results !!! + +&#x200B; + +[Top management holdings](https://preview.redd.it/rpenbiagl6h71.png?width=1008&format=png&auto=webp&s=2801686a5b7c2f55ffe79fc4cdf09ebea7e2a77a) + +180 Life Sciences is developing new treatments for one of the world's biggest drivers of disease: **inflammation** + +· Stock symbol #ATNF +· All insiders fully invested ( the last was today) +· 50%+ Ownership by Management and Insiders +· Best risk/reward biotech plays +· The top selling drug class in the world (Remicade, Embrel, Humira,etc) +· Under the radar +· Less than 1 year public +· Market cap under 250M +· Stellar management team +· [Strong IP portfolio with a long lifespan, providing coverage up to 2039](https://180lifesciences.com/wp-content/uploads/2021/05/2021.05.04_180LS-IP-Pres.pdf) +· Blockbuster pipeline +· Multibagger stock +· Low float +· Very undervalued +· Great short/long term investment +· Possible short squeeze candidate +· Largest shareholders include Ionic Capital Management LLC, Vanguard Group Inc, Cnh Partners Llc, ADANX - AQR Diversified Arbitrage Fund Class N, Goldman Sachs Group Inc, Susquehanna International Group, Llp, Boothbay Fund Management, Llc, BlueCrest Capital Management Ltd, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, and BlackRock Inc.. + +|Q3/4|Results of Early stage Dupuytren’s disease Phase 2b/3 Clinical Trial ( it is possible that the results will be presented at the BSSH conference in September)| +|:-|:-| +|Sept 9|[Professor Jagdeep Nanchahal, has Been Invited To Present a Keynote Talk at the British Society for Surgery of the Hand (BSSH) at the Autumn Scientific Meeting in Oxford UK](https://ir.180lifesciences.com/news-events/press-releases/detail/41/chairman-of-the-180-life-sciences-clinical-advisory-board)| +|Aug 10|[ATNF participation at BTIG Virtual Biotechnology Conference Fireside Chat](https://ir.180lifesciences.com/news-events/press-releases/detail/40/180-life-sciences-to-participate-in-fireside-chat-at-btig)| +|Jul 28|ATNF [Announces Selection of Lead Synthetic CBD Analogue](https://ir.180lifesciences.com/news-events/press-releases/detail/39/180-life-sciences-announces-selection-of-lead-synthetic-cbd)| +|Jul 20|ATNF Regains fully Nasdaq Compliance| +|Jul 07|[ATNF Expands Scientific Fibrosis Platform with Collagen VI as a Driver and Disease Biomarker in Human Fibrosis Published in the FEBS Journal](https://ir.180lifesciences.com/news-events/press-releases/detail/36/180-life-sciences-expands-scientific-fibrosis-platform-with)| +|June 28|[ATNF Joins Russell Microcap® Index](https://ir.180lifesciences.com/news-events/press-releases/detail/35/180-life-sciences-joins-russell-microcap-index)| +|Apr 14|[Lynn Williams, Ph.D., has been awarded the International Dupuytren Award 2021 for Basic Research](https://ir.180lifesciences.com/news-events/press-releases/detail/27/180-life-sciences-corp-congratulates-dr-lynn-williams-on)| + +$ATNF is an excellent investment. The founders pioneered blockbuster anti-inflammatory drugs Remicade and Humira. Primary Active ingredient for Dupuytren’s Contracture is same drug already approved for another indication— Rheumatoid Arthritis the single largest market in pharmaceuticals. Read that last sentence again the founders discovered the biology behind anti TNF and are world famous academics including a winner of The Lasker Prize. Because the research was done on this P2B/ P3 on diseased human Dupuytren’s tissue the move straight to FDA drug submission upon proof of concept. Other indications being targeted in future in order are Frozen shoulder, POST Operative Cognitive Decline, NonAlcoholic Steatohepatitis (Fatty Liver Disease) and Ulcerative Colitis brought on by smoking cessation. Another pathway being targeted is pain and inflammation using SCA’s— synthetic cannabinol diet analogues. You see a founder is the Israeli scientist who first isolated THC and discovered the human endocannabinoid system. Known as godfather of cannabis. Some of you apes might be familiar with the stuff. But it’s synthetic and pure now think about pairing pain relief for musculoskeletal pain with the anti TNF meds proven effective on rheumatoid arthritis and consider that market. Get the picture. Now the CEO has a history of allowing data on patented medication to be released in academic setting. By the way current patents are worth more than stock price. So the catalyst of a keynote address at Oxford to the royal society of hand surgeons is the very stage for release if data. Oxford is also home to founder Sir Ralph Winner of Lasker prize. So do you think Anyone at FDA is denying a NDA for a medication already wildly successful for new indications for which there are no treatments. I don’t think so. It’s like telling Einstein E=MC squared is wrong. There is no one at FDA who can challenge the science. + +Scientific team and founders are pioneers with proven track record in drug discovery from the University of Oxford, Hebrew University and Stanford University. + +[Stellar team](https://preview.redd.it/tkxat6k8orf71.png?width=605&format=png&auto=webp&s=4e64fa6971fb479a1c40586d64641f6785d544ba) + +[Blockbuster pipeline](https://preview.redd.it/q45rtttborf71.png?width=605&format=png&auto=webp&s=91c083c5f49998cc05c39ba6e2f7bd8a0ed683c6) + +[Market size](https://preview.redd.it/lmwoodckorf71.png?width=605&format=png&auto=webp&s=e1cc8309f230736336ac94854e7dfde912177cff) + +[ ](https://preview.redd.it/wpv4clsmorf71.png?width=604&format=png&auto=webp&s=319ad878d0957acdbb61e30e4c8d40370e7c3448) + +# Fibrosis and Anti-TNF + +The fibrosis and anti-TNF program is based at the Kennedy Institute, at the University of Oxford in the UK.The team is led by Professor Jagdeep Nanchahal, a surgeon-scientist who has been running the phase 2b/3 trials, and Professor Sir Marc Feldmann, a renowned immunologist and one of the pioneers of anti-TNF therapy. Feldmann was instrumental in developing infliximab (Remicade) as a treatment for rheumatoid arthritis, now one of the best-selling drugs in the world and the main driver behind Johnson & Johnson’s $4.9 billion acquisition of Centocor in 1998.**TARGETED DISEASES**• Early stage Dupuytren’s disease (DD)• Frozen Shoulder• Post Operative Delirium/Cognitive Deficit (POCD) FURTHER OUT• Non-Alcoholic Steatohepatitis (NASH) + +# Synthetic CBD Analogs (SCAs) + +180 Life Sciences aims to develop SCAs that are safe, non-psychoactive and formulated to improve efficacy and bioavailability – a real alternative to unregulated cannabidiol (CBD).This program is led by Professor Raphael Mechoulam, who discovered tetrahydrocannabinol (THC), the psychoactive component in cannabis, and the endocannabinoid system.Typical botanical derived CBD contains impurities such as THC (the psychoactive compound within cannabis) and other minor cannabinoids. By developing SCAs, 180 Life Sciences will create a pure compound (>99.5%) which offers accurate consistency across batches. Combined with novel formulations through use of patented ProNanoLipospheres (PNL), 180LS will deliver a superior CBD analogue that offers improved efficacy and bioavailability.These conditions create greater likelihood for obtaining regulatory approval.**TARGETED DISEASES**• Arthritis• Pain/Inflammation + +# α7nAChR + +Nicotine binds α7nAChR and is a known immune suppressive. A subgroup of patients who cease smoking go on to acquire ulcerative colitis. 180 Life Sciences believes that α7nAChR agonist treatment provides a solution: without the addictive qualities of smoking, an α7-based drug will reduce ulcerative colitis in ex-smokers.Led by Professor Lawrence Steinman and Dr Jonathan Rothbard, who have been working on this project for more than a decade, 180 Life Sciences is developing a treatment for ulcerative colitis in ex-smokers. α7nAChR holds advantages over existing treatments:Fewer opportunistic infectionsReduced risk of kidney damageHigher anticipated success rate**TARGETED DISEASES**• Smoking cessation induced Ulcerative Colitis (UC) initially• Other inflammatory indications will be targeted after results in UC + +# Last insider purchase Aug 6: + +[Latest director's purchase](https://preview.redd.it/v7nmor86vsf71.png?width=1264&format=png&auto=webp&s=4c223306cbcac48f87b6fd164e4406fd1f948e89) + +[180 Life Sciences Corp. CEO James Woody, MD, PhD Issues Letter to Stockholders](https://ir.180lifesciences.com/news-events/press-releases/detail/24/180-life-sciences-corp-ceo-james-woody-md-phd-issues) + +[ Part of the Woody's letter to stockholders](https://preview.redd.it/xzhvq4gbn6h71.png?width=826&format=png&auto=webp&s=71e465ea3b55bd40609cf16f36975f45759581eb) + +&#x200B; + +[Top 10 shareholders](https://preview.redd.it/n71evjywl6h71.png?width=320&format=png&auto=webp&s=8740e93dc9e9b791cc9f99dc070e8bd3799cff63) + +**More information** + +company website: [https://180lifesciences.com](https://180lifesciences.com/) +lots of information: [ATNF 180 Life Sciences Corp — Stock Price and Discussion | Stocktwits](https://stocktwits.com/symbol/ATNF) +youtube: [This LEGENDARY biotech stock is 22x UNDERVALUED - YouTube](https://www.youtube.com/watch?v=bAdU62yCuBY) +For me I love cars. Not in the "fleet of lambos" way but in the "track prepped Miata" kind of way. I love driving and would love to do more track days, autocross, and even get into spec racing if I could afford it. But, I feel this impending wave of crypto coming and because of that I feel like I can't indulge in pursuing a somewhat expensive hobby until I cash out with a stack set aside to reinvest with. + +Anyone else feel that kind of constant pressure to invest and save at all costs, gambling that it'll pay off for later fun? +https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_S%26P_500_Index + +Even if you look at percentages, the two biggest days in the past 80 years (post Great Depression) it was October 13 + 28 in 2008. + +*rolls up sleeves* I'll let you interpret it how you want +I have about 5k liquid assets... but I'm worth $10m on paper due to being a shareholder of a small company. This figure is meaningless until we either (a) sell or (b) IPO. I'm wondering if there are ways to diversify the risk while waiting for such an event. + +Anyone else struggling with the discrepancy of maybe being a millionaire and living off ramen? + +Edit: wow, thanks for all the responses, I didn't think this would get any attention. While I'm generally very grateful for my situation, it can also feel very lonely and confusing. It's hard to ask people around me for advice because they all have their own motivations to suggest one thing or another. I'm scared to talk publicly about diversifying (selling some of my shares to investors / doing share swaps) because this can cause rumors and loss of confidence in our (somewhat high-profile) company. + +Edit 2: Great, it sounds like the action items are (1) talk to an investment banker (2) talk to a lawyer. I'll post an update with the results! I'm happy to hear that I'm not totally crazy for wanting to remove some of the risk and that there are options out there to do this. I'll also ask for a small raise at the next board meeting. +This is my 3rd Fortune 500 company and it just seems to be getting worse over time. Politics, severe amnesia, discussing the same topics for years and years and years...recycling the same f$cking slides over and over and no one does shit. If anything involves anything more complex than 2+2 everyone spends 5 hours of back and forth to prevent 20 minutes of work. Some days it’s too much. + +Every week on Tuesdays I go into the conference room for the management meeting to get passed around the table and gang-banged by all the divisions. Today finance started with “why don’t you fix this for me, you should do it even though it’s not your job- ohh, it’s not in your scope- you’re not being very cross functional team like”. + +Next the sales people want me to do all their sales analysis and send to upper management for them to take the spotlight off them (I work in supply chain) so I can go back and forth 200 emails for the next 4 days over some bullshit that doesn’t even relate to my role whatsoever. Never mind the shit I need to do to keep everything running. Sales just wants to relax for the week and make the issues seem like it’s not their fault. “ We were out of $4k worth of a product for one week, now I’m going to miss my forecast by $1M - thanks supplychain guy”. + +I’m a few years away from being FI. I keep telling myself there’s an end date that’s really not that far off and need to make it through, but it tough man! Similar jobs would be much and the same, so I don’t spend a lot of looking for a new gig. + + +Looking for everyone's Top tips in regards to getting ready for parenting from financial point of view. Currently home income is 250k plus, 100k in savings but not sure where we are missing the point in this entire game of parenting. So looking to have some top tips on what you would have told to yourself before becoming parent. +Don't even ask the question. The answer is yes, it's priced in. Think Amazon will beat the next earnings? That's already been priced in. You work at the drive thru for Mickey D's and found out that the burgers are made of human meat? Priced in. You think insiders don't already know that? The market is an all powerful, all encompassing being that knows the very inner workings of your subconscious before you were even born. Your very existence was priced in decades ago when the market was valuing Standard Oil's expected future earnings based on population growth that would lead to your birth, what age you would get a car, how many times you would drive your car every week, how many times you take the bus/train, etc. Anything you can think of has already been priced in, even the things you aren't thinking of. You have no original thoughts. Your consciousness is just an illusion, a product of the omniscent market. Free will is a myth. The market sees all, knows all and will be there from the beginning of time until the end of the universe (the market has already priced in the heat death of the universe). So please, before you make a post on wsb asking whether AAPL has priced in earpods 11 sales or whatever, know that it has already been priced in and don't ask such a dumb question again. +Don't even ask the question. The answer is yes, it's priced in. Think Amazon will beat the next earnings? That's already been priced in. You work at the drive thru for Mickey D's and found out that the burgers are made of human meat? Priced in. You think insiders don't already know that? The market is an all powerful, all encompassing being that knows the very inner workings of your subconscious before you were even born. Your very existence was priced in decades ago when the market was valuing Standard Oil's expected future earnings based on population growth that would lead to your birth, what age you would get a car, how many times you would drive your car every week, how many times you take the bus/train, etc. Anything you can think of has already been priced in, even the things you aren't thinking of. You have no original thoughts. Your consciousness is just an illusion, a product of the omniscent market. Free will is a myth. The market sees all, knows all and will be there from the beginning of time until the end of the universe (the market has already priced in the heat death of the universe). So please, before you make a post on wsb asking whether AAPL has priced in earpods 11 sales or whatever, know that it has already been priced in and don't ask such a dumb question again. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Basically the title. + +Ukraine requested Starlink access to defeat Russian attempts to disconnect them from the net. + +Musk responded that service is now online, and "more terminals are on the way", suggesting terminals had already been delivered. + +Now as we know, Ukraine is being attacked by Russia, and Russia warned against intervention. Well, Musk just intervened. + +This likely invites backlash from Russia, and their allies against TSLA doesn't it? +Gamestop stated that the App will be available to European in future. Well... this isn't the case currently and I think this can bring an additional steady stream of incomes overall in Gamestop European branch. + +I cannot stress this any further, people are browsing products via some shopping Apps nowadays and the European can't access Gamestop App on mobile. This is a killing since Gamestop is selling more and more products at really good price, if not the best price. + +I really hope they can adress this. Soon. + +Buy, Hold, Drs, Shop (hopefully) ! + +Power to the players +Gamestop stated that the App will be available to European in future. Well... this isn't the case currently and I think this can bring an additional steady stream of incomes overall in Gamestop European branch. + +I cannot stress this any further, people are browsing products via some shopping Apps nowadays and the European can't access Gamestop App on mobile. This is a killing since Gamestop is selling more and more products at really good price, if not the best price. + +I really hope they can adress this. Soon. + +Buy, Hold, Drs, Shop (hopefully) ! + +Power to the players +I've done a good amount of research on this and haven't been able to find a lot of consistent confidence-inspiring answers so I thought I would query the r/fatFIRE community. + +In "buy and hold" strategies (Bogleheads, VTSAX, etc etc, either with a "buy, borrow, die" strategy or the standard 3-4% SWR rate utilized until the proverbial bucket is kicked) - how are your allocations adjusted for retirement accounts? + +I.e. with a Roth IRA or other long term "tax free" accounts - long time to compound without tax consequences, but can't access the money, often for decades. + +Which REITs, ETFs, etc that in a normal ordinary taxation situation would generate brutal tax liability because of consistent realized short term gains or taxable dividends, but in a tax-free account would outperform the standard choices (again, VTSAX, VT, VTI, SPY, QQQ etc.) because of favorable tax treatment and ability to compound more efficiently? + +Is there a tried and true strategy in this situation? Or am I overthinking it? +While this post may not seem obviously fatFIRE relevant, I think my predicament may be something that others in this community have experienced. We live outside Seattle. Our current NW is $4.5m, but will likely balloon to around $10m when the company that I work for goes public (I expect this to happen in the next 12 months or so), and my annual income is $320k. My wife and I have very few entanglements and are looking for a new place to live. My position is fully remote. I find that having too many possible options has become a bit stressful. + +I’ve been in search of some type of relocation consultant, but am having a hard time finding such a service… and the online resources are almost entirely useless (sites like Niche prioritize factors that aren’t important to us, most blogs and listicles are geared toward affordable towns or recommend the same places over and over again). + +We’re essentially looking for a small to medium town with a highly walkable idyllic downtown, preferably on the water, with excellent cultural amenities, and good vegan food options. We’re looking for places that are a bit under the radar, more of an iykyk insider spot. Also, unlike just about everyone else I’ve ever met, I like the Stepford / Truman Show / Master Planned Community / New Urbanism vibes. (Bonus points for a zero income tax state.) + +Has anyone found a relocation consultant? Alternatively, if you know of an urbane coastal village with a great museum scene, hit me up. +I’m a HENRY, omw to being fatFIRE. I am lucky that I am able to earn a good income while also having a decent work life balance. I was able spend 40 days skiing this year, not including travel days. I see skiing as a major time spend for the foreseeable future. + +I have a weird block type schedule; I’m often off for 2 weeks at a time. Additionally, I am able to work remotely if I alert my workplace in advance. + +I stayed in hotels for the entire time I was out there this year. I’m trying to decide if it’s financially worth it to own a place (2 bedroom condo \~ %1 MM) in a major resort (Vail, Park City, Beaver Creek, etc) or if I should just end up using hotels (250/night, on average) + +Going forward, a hotel comes out to \~12,500 / year (at current rates) whilst the 1 MM property will probably cost me (in cash flow) about 50k / year after expenses of which, 6-8k will be “lost” to maintenance / HOA fees / etc. + +The real unknown variable here is whether the properties appreciate – who knows. They exploded in value, like so much else, during the perfect storm of low interest rates and high societal interest (in the activities) during the pandemic, but who knows if that will continue. There are decent arguments in both directions. + +Other pros and cons:Pro of doing hotels – I’m not tied to one location + +Pro of buying – I can leave my stuff and even work for some months in the vacation destination. + +Can anyone think of arguments for or against? Anything I haven’t considered. + +Thanks + +&#x200B; + +Edit: + +Few clarifications. + +1. I can work remotely from anywhere in the country, but need a few months of lead time for set up - need licensing, computers, etc. I can NOT do this if I'm staying in hotels. +2. I can probably easily do an hour or 2 of work per day on my off days (the days skiing). Doesn't really change my mood. This would definitely be a game changer. +3. 250 / night is a ball park. Vail in high season is more. Northeast ski resorts (which I avoid like the plague), are less. +I am in a situation where I need to close on a home soon, but the lenders are very slow. I am afraid I will be in breach of contract if the lender doesn't come back in a few days, and that looks like a reasonable possibility based on their track record so far. + +I am considering taking a margin loan against my interactive brokers account (all stable stocks and ETFs) to fund an all cash purchase right now and then apply for delayed financing. + +Does the margin loan cause any issues in getting the delayed financing? +Does anyone here have any experience starting up a small private equity fund (acquisition targets in the $2-$10M range) and whether or not that has accelerated the path to fatFIRE? I'm pretty close to normal FIRE myself (35M, $1.5M NW), but aiming for fat-ness ($10M). The PE funds would use some of my available equity/cash, but would also leverage other HNWIs within my network to get to the scale needed. + +I see it as a high risk/high reward bet, but which can be mitigated somewhat if you bring together a partner or two who have the legal/accounting/operations mgmt experience in the space (typically from Big N consulting/law). I have one friend from B-school who has gone down this path and had success in the past few years, but I'm looking to get your thoughts to see if he just got lucky. If you have followed this path, what were the pitfalls you avoided in order to succeed? + +Apologies to the mods in advance if this isn't appropriate here, but since it's more advanced than regular /r/FIRE material and not really appropriate for /r/investing, I figured this was the best place for it. +Big week for me this week as I was green every single day. Risk was $40 per trade, was always willing to jump out early if I lost confidence and that definitely saved me this week. + +The biggest takeaway though was that leaving the chatroom I was in was the best decision I have made in a while. For the last 8 months, I was constantly seeing people taking positions opposite of me, a circle jerk of people fawning over the mentors who only talk about their winning trades, and hundreds of people using different strategies. It was just too much noise. Hard to focus on trading when you see other pros waiting for different entries or taking a different side of the trade than you. This week was great, traded in complete silence, saw no opinions on the market other than my own, and finally had a full green week for the first time in my career. Lesson learned, leave the chatrooms! + +Hope you're all killing it out there this week and thank you for listening to my little celebration on reddit! If you're in a chatroom and not seeing success, maybe take a month or so off and see if you can hang on your own or even thrive on your own! + +https://preview.redd.it/pv1bpb35yc381.jpg?width=1857&format=pjpg&auto=webp&s=e0652245d4da7fb3f8395744685684b54d379bfe +I've been in ElonGate since day 1. I saw it got released a few hours ago and had about $50 on my MetaMask so I thought I'd put it in because it wasn't doing anything. My plan was to get out if I triple my money. Well, ended up going to about $5000 and I was about to sell when I realised how honest and transparent all the team at ElonGate are. And how nice the community is to each other. 🤞 + +The main goal for me being involved in this is the fact that we are trying to help donate to charities such as the World Food Programme and more fundraising events to be planned soon💰 + +The Team started to release a roadmap and tell us about plans they had. 🛣 + +Long story short, I've seen the community grow alongside the Devs and mod to create a really supportive community. ✅ + +The Devs didn't expect this to blow up. + +It started as a meme coin but with the potential that everyone saw in ElonGate it become much more. ⏫ + +And that is why I still haven't sold my ElonGate. + +I just want to add that before ElonGate my portfolio was $2000, now it's double that with ElonGate alone! 📈 + +What started as a meme has become a long-term investment for me with lots of events and news coming up every day. + +This project is Less than a week old. And we already have 25k holders and Over 8k members in the telegram. + +There has been a lot of FUD being spread about us calling us a scam or a rug pull. All of this is false information and the news coming soon will defiantly sort it out once and for all. 🚫 + +The DEV has recently Doxed himself and is doing an AMA on discord tonight as well as answering as many questions as he can in group chats every day. + +I will be holding my ElonGate for as long as the community and Team stay as transparent as we are now. 😆 + +Here are some useful links you can take a look at :) + +**The Dev (Lorenzo)** + [https://www.linkedin.com/in/lorenzo-andree-083512163/](https://www.linkedin.com/in/lorenzo-andree-083512163/) + +**Website:** + [https://www.elongate.cc/](https://www.elongate.cc/) + +**Blockfolio:** +[https://blockfolio.com/coin/ELONGATE?timeFrame=1W](https://blockfolio.com/coin/ELONGATE?timeFrame=1W) + +**Telegram:** + [https://t.me/ElonGateChat](https://t.me/ElonGateChat) + +**Discord:** + [https://discord.gg/8jScSGbY9g](https://discord.gg/8jScSGbY9g) +**World Food Programme:** + [https://www.wfp.org/](https://www.wfp.org/) +👊 Jefe TOKEN is a top-notch Gaming Platform to bring mass adoption of Cryptocurrency to the world, as we utilize our art NFTs with unique utility in our Play 2 Earn games. + +The plan is to call this Jefe Metaverse ecosystem our JEFEVERSE. We want to be a Community-based DAO token. Where the community holders who have a stake in the token have a chance to vote and help determine the project's future direction. We also believe in having a safe place to invest and giving people the opportunity to have fair play, which we demonstrate in our Jefenomics. + +🦸🦸‍♀️ We're providing Support and Influence to our Heroes and Heroines in Uniform. First responders through playing our games and charity events. + +⛓ We are building a multiverse in the blockchain using virtual reality & gaming technology. + +📎 Whitepaper: https://docs.jefetoken.com + +⚡️ Contract address: 0x80fa6d5384bdde296a28a321f73ab70977575129 + +🐤Twitter: https://www.twitter.com/JefeToken + +💬TG: https://t.me/JefeToken + +🌎 Web: https://www.jefetoken.com + +Promo going on right now: + +CHANCE TO WIN A NEW IPHONE 13! + +RULES: + +BUY your NFT (WL) entry at: + +http://market.jefetoken.com + +- EACH NFT IS AN ENTRY WE WILL ANNOUNCE THE WINNERS WHEN THEY REACH 3,000 USD WE WILL REPORT THE ENTRIES AND BALANCE WEEKLY + +- THE FIRST 25 ENTRIES WILL HAVE EXCLUSIVE ACCESS TO THE JEFEVERSE - LAUNCHING FIRST WEEK OF MARCH 2022! + +- 19 more NFTs are for sale on the marketplace + +ENTER THE DRAWING NOW, NFTS AND JEFE + +TELL EVERYONE! +I made an algorithm using heavily modified technical indicators on trading view. Backtesting yields very impressive returns that I will not accept due to fear of being disappointed of it being a false calculation. I am now working on porting the same algo to python. My question is what should I keep in mind when testing it properly? Any advice you wish you heard when testing your first algorithm? +Hi Guys, + +I invested the last 2 Months to develop Strategies to beat Buy and Hold in the Crypto Market. I found a pretty solid one but it works best on the 1 Hour Timeframe. (Only backtested it, haven't used in live yet) + +As I started to develop my algorithm I thought about using lower timeframes, or maybe multiple timeframes. + +If you have an successful Bot running, which is the Timeframe you mostly use and why? +Hello everyone, + + +Newbie here and a bit of long post. + +I have been lurking for a few weeks/months and need to learn sooo much if I want to one day be able to fully understand most of what is being discussed on here. +I know that a lot of you are seasonned / highly technically-skilled devs and algo traders, and as such am not too sure whether the context around my question will be relevant, still, I wonder what you think about the substance of it? + + +# CONTEXT + +I have started to play around with EAs on MT5. It looked like an easy, low/no-code, way into algo trading. After doing a bit of research and using demo accounts, I have been using the popular (? is it really?) Dark Venus EA, which strategy is based on Bollinger bands. + +It seemed pretty simplistic / almost dumb to only use Bollinger bands as trading signals and I wasn't expecting much but I have to say that after spending a bit of time setting up the bot and backtesting it, the results looked promising. + +I know that people have a tendancy to run backtests on data-sample size and settings that are too "fitted" but I ran those backtests for every year since 2013 (I am not sure that I have the correct data past that point) and on several currency pairs. + + +# BACKTEST RESULTS + +Here are is the backtest results for 2022 until Dec. 23 (EURUSD M1 starting with 1000 USD deposit): + +[EURUSD M1 2022 Backtest \(Graph\)](https://preview.redd.it/ht8t0yqwvn8a1.png?width=1905&format=png&auto=webp&s=ddf0f9de7b21d3fae8cf73b9b4a9c4199ad32b0e) + +[EURUSD M1 2022 Backtest \(Data\_1\)](https://preview.redd.it/nyscz9nxvn8a1.png?width=1888&format=png&auto=webp&s=c1c6b40f8fa22863f688ca0b5d556183a9c7eeea) + +[EURUSD M1 2022 Backtest \(Data\_2\)](https://preview.redd.it/8eaju9dyvn8a1.png?width=1881&format=png&auto=webp&s=02e51a8b865f739e1abeafb7123aba4176c7785c) + +[EURUSD M1 2022 Backtest \(Data\_3\)](https://preview.redd.it/ca1czlzyvn8a1.png?width=1885&format=png&auto=webp&s=7eeba60879b7f96852f6062619472169d8f535db) + +[EURUSD M1 2022 Backtest \(Data\_4\)](https://preview.redd.it/t0f6x9mzvn8a1.png?width=1884&format=png&auto=webp&s=e482e91cdd04437c9eba45883862894b4311a3e5) + +And here are the returns and drawdowns of the same EA config every year from 2013 on both EURUSD M1 and GBPUSD M1: + +[Yearly EURUSD M1 2013-2022 Backtest Returns and Drawdowns](https://preview.redd.it/exzobtlsvn8a1.png?width=768&format=png&auto=webp&s=5a869fecfaba6d9c039b5c6b1ebfc908cec87b5c) + +[Yearly GBPUSD M1 2013-2022 Backtest Returns and Drawdowns](https://preview.redd.it/e1a2kkleun8a1.png?width=871&format=png&auto=webp&s=d5772e2e9f7bce27ce45e3fd95f5582683fa7fcb) + +The results seemed promising and with only 1 or 2 years of "acceptable" negative returns the risk/reward seemed like something that I could live with and I wanted to start forward testing. + +Some of you will surely point out that it looks like I have a Martingale grid management on and I do. The martingale multiplier is set at 1 though, hence not triggering an actual martingale-type behaviour in trending market conditions. + + +# FORWARD TESTING WITH LIVE BROKERS ACCOUNT + +So I have been running the EA since late November, and here are the results a month in: + +[Forward Testing EURUSD Dec. 2022 M1 \(Graph\)](https://preview.redd.it/3g74fbs9yn8a1.png?width=1658&format=png&auto=webp&s=8a7a5363e2636c02027cc66df3307e42600231ba) + +[Forward Testing EURUSD Dec. 2022 M1 \(Data\)](https://preview.redd.it/usiqbjbdyn8a1.png?width=1490&format=png&auto=webp&s=c10e223d76a31c0fb70246a32cbb7347e2d90cb2) + +Just for the sake of complete transparency, I was doing a bit of manual trading at the beginning, which explains the "larger" move around beginning of December. + +I am quite impressed with the results so far but I can't shake the feeling that I am missing something. That it cannot be "THAT" simple. How does this stupid strategy of buy on lower bollinger band / sell at higher band be profitable? + + +# THE CRUX OF MY QUESTION + +The only thing that makes sense is that the money management that I built thanks to the (quite extensive) parameters that are available with the Dark Venus EA are doing all the heavy lifting there. I can only assume that an EA using "smarter" / more refined trading signals but a strong money management would probably be doing even better. + +What do you guys think? Is money management the most important part of any algotrading strategy? Have you had experiences / have you been running "simple" strategies that were performing well only thanks to the money mangement built into the strategy? + +Are my assumptions correct? or am I missing sometinh stupid and am about to lose $1000? + +I am very interested in your feedback. Thanks to anybody that takes the time to read this and want to share their two cents. + +Have a great and very profitable week ahead!! +I do this independently, I am curious as to what percentage of people are working independently or in a group. I would guest most of those in a group are institutional traders. +**\(This is just an example not the real thing\):** $SPY always drops on Thursdays with a probability of 55&#37; since the last 10 years ? + +I found a pattern that gives decent return but I have no reason of why it works. Would it be a good idea to actually use such a strategy if the returns are great. +# tl;dr: + +This might be nothing.....but I found some weird shit that I need help with. Think there may be other companies swept under the rug. I'm looking to close and can't see what's under my nose. + +So I posted earlier breaking down some behaviorism shizzz as it related to the market. + +&#x200B; + +Well u/cashmeresquid2309 and u/itsunclejerry [mentioned](https://www.reddit.com/r/Superstonk/comments/o5rl2l/behaviorism_girl_here_lets_talk_about_this_shiz/h2obvmr/?context=3) there having been a [thread about Ken G.](https://www.reddit.com/r/Superstonk/comments/mou8ww/ken_griffin_exposed/?utm_medium=android_app&utm_source=share) + +&#x200B; + +After going to the thread I noticed something interesting talking about how he owned a 2012 and 2001 bombardier. I thought this sounded interestingly familiar. Then I realized....Oh duh, it's familiar because I saw these make and same models when I was looking at Cessna's on [Controller.com](https://Controller.com). There are quite a few of the same make and models that he has. + +&#x200B; + +So I started digging around + +&#x200B; + +[Uno](https://preview.redd.it/yfweyhh9av671.png?width=1897&format=png&auto=webp&s=5344649637b8c880567788a120b6360b94e2be6c) + +&#x200B; + +[dos](https://preview.redd.it/h3jfvdrnav671.png?width=2014&format=png&auto=webp&s=9a2772231a1fa128e121615a28e46c7388c19631) + +Quite a few of the same...could be coincedental. + +&#x200B; + +After digging through some of the sellers I saw this one...there's also some in London but they don't have interesting ties. + +&#x200B; + +&#x200B; + +[New Jersey is close to NYC...and Citadel](https://preview.redd.it/60iy13c3bv671.png?width=1803&format=png&auto=webp&s=9d4fd45fda8073bb719bfb6bc2617a8e031b816e) + +&#x200B; + +Still speculation yeah. + +&#x200B; + +SO I looked up Leading Edge Aviation Solutions. I started going through their [team members.](https://leas.com/team/) And they're all quite incestuous with other aviation companies. I can't find exactly where it is or remember precisely what it was...but something made me look at DuckDuckGo with keywords "ken griffin aviation company." + +There is a [Griffin Aviation.](https://flcompanydb.com/company/L06000067245/griffin-aviation-llc.html) + +&#x200B; + +There also is a [Griffin Asset Managemen](https://www.griffingam.com/about)t (interesting [article](https://www.businesswire.com/news/home/20210426005957/en/Griffin-Global-Asset-Management-Closes-1-Billion-Warehouse-Facility)out of Dublin and LA which works closely with aviation. I find this interesting as Griffin Aviation has been dead and inactive and this is an asset company that does alot within the aviation world. Interestingly another [Griffin Asset Management ](https://newsroom.aviator.aero/griffin-global-asset-management-closes-1-billion-warehouse-facility/)company closed on a warehouse deal on April 23rd, 2021 + + DUBLIN--(BUSINESS WIRE)--Griffin Global Asset Management DAC and Griffin Global Asset Management (Servicer) LLC (together, “Griffin”) announced today that on April 23, 2021 Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC (together, the “Borrowers”), closed a five-year senior secured warehouse facility with an initial committed amount of $1,000,000,0000 (the “Facility”). The Borrowers were jointly established by Griffin and funds managed by Bain Capital Credit, L.P. as part of a joint venture focused on building a diversified aviation portfolio in conjunction with a world-class commercial aviation leasing and alternative asset management platform. + + The Facility includes innovations that provide the Borrowers with maximum flexibility to offer its airline partners a variety of financing solutions, ranging from operating leases to finance leases to direct loans across a diverse spectrum of asset types and ages. The Facility is also unique in providing more flexibility on concentrations of certain airline exposure than a traditional warehouse facility, providing the joint venture with a powerful bridging tool to long-term capital markets solutions. + + “We are grateful for the support from our banks as we grow the Griffin platform into a leader in the aircraft leasing and financing sector. This warehouse facility has significant capacity and flexibility that will allow us to create customized capital solutions for our airline customers going forward,” said Ryan McKenna, Founder and Chief Executive Officer of Griffin. + + “Developing this warehouse facility was a collaborative process with our lending partners and resulted in a first-of-its-kind facility in the aviation industry. The overwhelming support from these seven financial institutions is very meaningful as the growth of Griffin accelerates. Going forward, we will continue to create innovative financial products that will meet the evolving needs of the airlines and OEMs in this dynamic market,” said John Beekman, Chief Financial Officer of Griffin. + + Goldman Sachs acted as the structuring agent for the Facility. Initial commitments for the facility were provided by Goldman Sachs, Barclays Bank PLC, Mizuho Americas, Morgan Stanley, Wells Fargo Bank, National Association, Bank of America, N.A. and Deutsche Bank AG, New York Branch. + + Hughes Hubbard & Reed LLP acted as U.S. legal advisors to Griffin and the Borrowers, Milbank LLP acted as legal advisors to the Lenders, Maples and Calder (Ireland) LLP acted as Irish legal advisors for the Borrowers, Maples and Calder (Cayman) LLP acted as Cayman Islands legal advisors for the Borrowers, A&L Goodbody LLP acted as Irish legal advisors to Griffin and PWC acted as Irish tax advisors for Griffin and the Borrowers. UMB Bank, N.A. is acting as the administrative agent and the security trustee. + + About Griffin Global Asset Management + + Griffin is a commercial aircraft leasing and alternative asset management business with offices in Dublin, Ireland and Los Angeles, USA. Griffin’s team of aviation professionals works closely with airlines, OEMs, and financiers to deliver customized fleet solutions and innovative financing products to airlines globally. + + For more information, please visit www.griffingam.ie or www.griffingam.com. + + About Bain Capital Credit + + Bain Capital Credit, L.P. (“Bain Capital Credit”) (www.baincapitalcredit.com) is a leading global credit specialist with approximately $48 billion in assets under management as of December 31, 2020. Bain Capital Credit invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans and equities. Its team of more than 200 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital Credit invests across asset classes including private equity, public equity, venture capital, and real estate, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus. + + + + Contacts + Press Inquiries + + For Griffin Global Asset Management: + Lauren Groom + lgroom@griffingam.com + +Originally I was going to only show the first paragraph till i realized Goldman and Sachs and JP Morgan was also included. THIS IS EFFING WEEEEIRD. + +I went to the CFO's linkdin....Cause it was [linked in](https://www.linkedin.com/in/rmckenna13/) on something I stumbled [upon](https://finance.yahoo.com/news/griffin-global-asset-management-announces-130000802.html). + +&#x200B; + +[BLIND POOL!?](https://preview.redd.it/3cs2077dgv671.png?width=1168&format=png&auto=webp&s=119a488f2ffe299e93241a09e84e353967d14d09) + +Notice how she was the Senior VP and head of strategic planning and lead formation and capital raising of PRIVATE EQUITY PLATFORMS WITH A BLIND POOL OF CAPITAL?! + +&#x200B; + +T[his article s](https://finance.yahoo.com/news/griffin-global-asset-management-closes-050000754.html)he's mentioned in also states info regarding a business in Cayman Islands....isn't that where some of Kenny G's money is? + +Went on down the line and there's a Griffin Global hiring company out of Jupiter...Right next to KGs Palm Beach town. Look at who they are hiring. Notice how they're all related to software development...? Interestin, no? + +Interestingly there is also a G[riffin Asset Management](https://www.griffinasset.com/) in New York. + +&#x200B; + +[Notice the address?](https://preview.redd.it/s2v56bzhhv671.png?width=1890&format=png&auto=webp&s=86d16c8c8f3ceb5050fcec7a01e47836dc64f4ad) + +&#x200B; + +Just a smidgen away from Citadel + +&#x200B; + +https://preview.redd.it/8oybixdmhv671.png?width=1592&format=png&auto=webp&s=24349c3dbd632850a5848573a062ae153732bf13 + +I could be wrong but this is freakin weird. + +Guess what? Griffin Assets is a[Hedge Fun](https://whalewisdom.com/filer/griffin-asset-management-inc#tabsummary_tab_link)d....Right by Citadel....with 632 investors. + +&#x200B; + +[Look who they've invested in....](https://preview.redd.it/ax22yoj8iv671.png?width=1914&format=png&auto=webp&s=1e57044e729b508ba93cd18d9386fcd1f2bf0f37) + +&#x200B; + +See Boeing. See the connection with aviation at the beginning? + +&#x200B; + +I'm missing alot of shit. This really might look more like swiss cheese than DD....but I NEED help filling some of the gaps! I really should stick to studying behavior...but the fuck something is off here. Help help. + +&#x200B; + +This aint no financial advise. + +&#x200B; + +\[who would take advice from someone who hasn't the clue about the difference between advise/advice lol....or someone who uses double negatives....just don't\] + +&#x200B; + +Edited to add: u/donutolu was the one who linked me to the thread about him having bombardiers. Sorry for not originally linking you bud. You are right. Somethings off with the guy. +So I had an appointment at a barber for 6 yesterday in the northern Illinois area. I went right after work and made it there around 5:50. Someone was already in the chair which made sense since I stil had some time. But I noticed other people waiting and asked one of them if they were waiting. He told me that he was next and someone else was after him. So i asked when he scheduled his appointment and he sid he scheduled it for 5. At this point, I know my wait time will be around 90 minutes since there were two people ahead of me and another guy still in the chair. I'm ok waiting 15 to 20 minutes if things are running behind, but over an hour behind? That just seems like poor time management. + +So I call the shop owner from my car and tell him I need to cancel, the only issue is that the appointment was made through booksy. So if you cancel, it charges a fee of $20. I called to see if he could reschedule me and he gets mad at this point telling me that no one has this issue of waiting over an hour, people dont cancel and how he could have given my spot to a different client. Of course no one wants to cancel, its $20 just to not get service, and I even tell him, my spot of 6 - 6:30 will not be met since I didn't recieve the service in a timely manner. So he goes on to say, just becuase I have a spot at a certain time, doesn't mean I'll get seen at that time and any good barber takes their time and will have a wait. I've had barbers I've had to wait for, usually 15 minutes at most, and if I'm not getting seen at the time I scheduled, thats just poor time management. + +So I want to know if I have a good chance at disputing the charge based on the fact that I did not recieve timely service within 6 - 6:30. I feel if anyone ordered a pizza and it was 90 minutes late, you'd probably want to cancel it and eat something else or at least call the restraunt. +A few weeks ago my employer added at our annual review that they were looking at cutting the 17.5% Holiday loading rate and providing a 3% pay rise. + +&#x200B; + +On my calculations on a Salary of 59k I would be losing $794 based on 4 weeks leave. + +I also have 85 hours of banked leave. + +&#x200B; + +So on this leave I'm theoretically out $422 based on losing 17.5% + +If i take the increase in wage ($59,976 - $794 in lost holiday loading) I would then be theoretically getting an equivalent of a 1.654% salary increase. + +&#x200B; + +I have no figures to base this off and with CPI for the March 2018 - 2019 being 1.3%, is this a 'Good' increase? I'm in a help desk IT Role with a smb based in Newcastle, NSW. +I always hear people say "Buy a property and lease it out while continuing to live with parents so that the rent money pays down the mortgage for you." + +But my understanding is that if you receive rent at a % lower than your mortgage loan's interest, you're losing money and would be better off not buying property to lease out. + +Sitting on your money and building it up would get you financially better off than buying immediately just to rent out, right? + +In most cases, it would be bad to buy to lease out as per my understanding. + +Example numbers: + +If mortgage = 500k @ 5% and rent = 3% (480/w after tax), then bad financial decision. + +If mortgage = 200k @ 5% and rent = 12.5% (480/w after tax), then good financial decision. +I was wondering this today. I’m quite frugal and thrifty but I have enough money not to be, and still have plenty left over. In a sense, I don’t have to be thrifty at all. But I still am. + +I was trying to figure out why. Since all savings eventually must be spent, being frugal surely must only be about delayed consumption and spending anyway? Or passing money to others who may spend it themselves. + +So I just wondered. What’s the point of being too frugal, buying cheap stuff when you don’t need to, or foregoing things you don’t really need to forego, with only a limited span of healthy years allocated too all of us, which any time could be taken away. +Hi all. After chatting with my accountant, I wanted to also get the opinion of the reddit hive mind. + +I started my own company about a year ago, and I am the sole shareholder/director. At the moment, annual revenue hovers around $350k. I pay myself around $100k in salary, and am looking to increase this to about $150k. I expect annual revenue to grow to about a million in the next 1-2 years, but it likely won’t increase beyond that (although it does have the potential to). + +My accountant has put forward that moving the shares to a separate trust is good for several reasons. The main two being 1) protection in case I am ever personally sued, and no one can come after the trust/company, and 2) extracting profits and distributing to family. + +This will of course trigger a CGT event, and depending on how the company is valued, I could pay a fair chunk of tax when “transferring” the shares to my newly created trust. Personally I consider this a sunk cost and it doesn’t bother me. I believe the benefits of a trust outweighs the short-term cost. + +Has anyone else been in the same situation? Or, has anyone decided AGAINST this strategy for any reason? Keen to hear any and all thoughts! +"A bank is a financial institution that accepts deposits from the public and creates credit." (WP). + +The "creates credit" aspect is the central concept of a bank. A bank creates credit. Lending money is the core business model of banks. So something which doesn't lend money isn't a bank. The core concept of LN is that money in a channel needs to be funded first. A LN node doesn't lends money, so it isn't a bank. + +Lending money is also the real problem, risk etc with banks: + +If a bank lends out money to the wrong people, the bank can become bankrupt and all their customers deposits can't be payed back anymore which can create lots of trouble if banks hold lots of money. A LN channel only has the money which is funded first so it can't go bankrupt. People will always get their money back. There is no possibility of a bank run or economic collapse as with banks. + +Also a bank can create "money from nothing" because of fractional reserve banking: The bank can lend money it doesn't have, needing only a fraction in reserves. That's what's known as "fiat money" and this has its own risks. With LN this isn't possible because channels needs to be funded with 100% of the money they contain, so also no risk here. + +So LN doesn't creates "banks" again. LN nodes are no banks because the core aspect, "creating credit" is missing. People who repeat FUD like "LN just reinvents the banking system" simply have no clue how banks work and where the real risks are - or they use this analogy to push their agenda. So be aware. + +‘Twas the month before Christmas, +And all through the manor, +Was discussions of gift giving, +My wife the chief planner. + + +But what weighed on my mind, +More than anything else, +Was the debt that were hoarding, +For which my heart melts. + + +See dad works so hard, at his job every day, +With the hope that chase, capital one, and discover would some day go away. + + +In fact we still have credit card debt, +from last Christmas too, +yet she wonders why the holidays make me so blue. + + +Yes the sound of jingle bells, makes me cringe with the thought, +that more useless junk will soon need to be bought. + + +We aren’t making any progress, towards the life we desire, +the money isn’t enough, it’s too low to ever FIRE, + + +I can’t help but think “is this what I went to college for?”, +Fifty thousand a year but we always need more. +Minimum payments and groceries and cable galore, +Over time isn’t cutting it, we are still poor. +It’s almost cruel to say, but I wish you grew up poor, +At least then you’d understand me, and what I’m striving for. + + +Now with no food stamps, cause we don’t qualify, +I sometimes do wonder how did we get by. +It’s no mystery though, if you’re just vigilant, +Of the debt to credit ratio, above ninety percent. + + +We’re just one catastrophe away, +Of complete and utter despair, +And this hopelessness has me pulling out my hair. + + +But back on the topic, of why Christmas is agony, +Is the gift giving season, +Oh the humanity. + + +Black Friday ads, fill the airwaves with glee, +But they really just don’t do anything for me. + + +Here I am trying to budget, to strengthen our financial steeple, +But all I hear about is what we should get for other people. + + +And “what do I want”, the question plagues like a cancer, +But apparently “nothing”’s not an acceptable answer. + + +But I ask myself daily, what is it I want, +The truth is it’s not something santa can bring. +I want financial security, not some material thing. + + +So if you see me this winter, don’t be surprised, +If dad has dark bags under his eyes. + + +This treading of water already had me in panic, +But here comes the Christmas iceberg to sink our titanic. + + + +This thread will run until the end of the month. + +New posts asking for tax related advice will be removed without warning. + +Ask your tax-related queries in the comments below. + +**Note about advice:** The advice posted here may not be by from a CA unless stated otherwise. You are encouraged to use this as a starting point. When in doubt, contact a qualified professional for reliable advice. + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange rates? +* Discuss the quality of the bank's mobile apps and the services they offer. +* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +Is it not possible or ever happened the stocks we choose, that company shut down the business and shares becomes zero value? +Is it not possible that Mutual fund I used, Most of the stocks selected by fund manager gives return in minus even in long term? + +According to Prof. Bessembinder, only 4% of stocks are responsible for the overall market gains in the US. For Global markets it is worse - only 1% of the stocks account for the gains. This provides context to what are the odd of picking out the winning stocks when investing. The below video provides a summary of the research findings. + +[The Bessembinder Study](https://www.youtube.com/watch?v=kVKw_ZQIv2o) +I receive RSUs from my US-listed company. At the time of vesting, my company already sells shares in open markets at the current price to recover TDS and hands the remaining shares to me. + +So say the share price is Rs 10, and 10 shares were to be vested, I receive only 6 shares (worth Rs 60 at the time) and rest 4 (worth Rs 40 at the time) is sold and paid to government as tax. + +Now this tax paid is on the prospective value of the stock (since I haven't really sold my stocks to gain cash). + +Assume that an year later, the stock price falls to Rs 2 / share from Rs. 10 / share. + +This means, the remaining value I have is 2 * 6 = 12 Rs. Now if I sell my stocks, I've already paid tax worth Rs. 40 on this asset, whose real value is only worth Rs 20 (2 * 10) + +Just intuitively, this feels incorrect. There should be a way to claim back the extra tax paid? Is there something incorrect in my understanding here? +It looks like India's second REIT is going for IPO on 27th July, to give a brief overview + +Mindspace owns commercial office real estate in Mumbai, Pune, Hyderabad & Chennai . The portfolio has a total area of 29.5 million square feet (msf) with 23.0 msf of completed area, 2.9 msf of under construction area and 3.6 msf of future development area. Most assets are positioned in locations with strong tenant demand because of proximity and connectivity to major business, social and transportation hubs in the respective cities. They've reported around 92.0% committed occupancy as of March 31st, 2020. + +## Pros + +\- Assets are well diversified throughout the 4 major cities and there's no single tenant contributing more than 7.7% of gross contracted rentals. Cagr has been around 6.7%. + + +\- Provides diversification to individual's portfolio into real estate in a relatively safe way.- High dividend yield (7-9)% expectations which beats current FD rates. + + +\- Rents out to companies instead of individuals which makes it little bit better on risk/reward expectations. + + +\- Capital requirements is relatively less when compared to Embassy REIT + +## Cons + +\- As per sebi regulations, cash flows generated by REIT not less than 90% will be distributed to unit holder, this means high dividend yield (7-9) % which will be taxed as per slabs. + + +\- Since REITs distribute majority of the cash they have trouble growing and opt for further capital raise which results in dilution over the course of time. + + +\- Push for WFH during the pandemic might result in contract renegotiation and possibly might reduce occupancy. + + +\- Can only transact in fixed lot size. + +What are you views on this IPO? p.s: Feel free to correct me if I am wrong somewhere. +I got a medical bill of $1350 after insurance for an ankle surgery (I already paid $1000 pre-op). I simply emailed the billing department asking if I can get any discount on my bill and 5 minutes later I got reply for a 20% discount. + +For a couple minutes of my time I was able to save $270. The lesson is always negotiate even if your insurance is taking care of most of the bill. Every dollar counts and never afraid to ask. + +Update: I took some advice from the replies and went through the bill itemization. I Googled the surgery codes and find out one had to do with surgery on the hand. I had surgery on my ankle so I called the doctor's office and found out that they charged me for an extra procedure "by accident." + +ALWAYS DOUBLE CHECK YOUR BILL, NEVER TRUST THE HOSPITAL TO GET IT RIGHT! +I just posted a really detailed DD on Check-Cap ($CHEK), a medical technology microcap with a swallowable capsule for screening of colorectal cancer, on my YouTube channel. + + +In the video I cover: + +-medical relevance + +-existing options + +-academic studies + +-company roadmap + +-financials + +-my actual plan + + +The information in this video is well-researched and informative. I'm not giving a price prediction, but instead I'm giving you all the information you could possibly need about the company in a well-thought-out manner. + + +I'm trying to grow my channel after posting about $BNGO last Sunday pre-breakout. Thank you for any and all support! + + +https://youtu.be/KWRxS6U_ysE +**[GOVERNANCE POLL]** + + +First Mentioned [Here](https://np.reddit.com/r/CryptoCurrency/comments/ofsv3q/why_arent_moon_distributions_based_on_lunar_cycles/) + +I Propose that the moon distribution to happen in accordance to the Lunar Cycle/ Lunar Calendar. + +Not only will this be really cool, this would do away with redditors constantly asking "When Moon", in other words, one can simply look up the Lunar Calendar, or Google, "When is full moon day" + +The Snapshot Day can be the First Quarter, and the Distribution day can be the Full Moon Day. As can be observed [Here](https://catalina.lpl.arizona.edu/moon/phases/calendar) + +Abovementioned 2 days have a time-gap of around 7 days between them. Perfect for the Governance Polls. + +Edit: +In order to make sure everyone gets the moons at the same time, If this Poll is a success, the Mods can select an arbitrary place on Earth as a point of reference for [Moon Observation](https://www.timeanddate.com/moon/phases/). + +[View Poll](https://www.reddit.com/poll/oft9uy) +**[GOVERNANCE POLL]** + + +First Mentioned [Here](https://np.reddit.com/r/CryptoCurrency/comments/ofsv3q/why_arent_moon_distributions_based_on_lunar_cycles/) + +I Propose that the moon distribution to happen in accordance to the Lunar Cycle/ Lunar Calendar. + +Not only will this be really cool, this would do away with redditors constantly asking "When Moon", in other words, one can simply look up the Lunar Calendar, or Google, "When is full moon day" + +The Snapshot Day can be the First Quarter, and the Distribution day can be the Full Moon Day. As can be observed [Here](https://catalina.lpl.arizona.edu/moon/phases/calendar) + +Abovementioned 2 days have a time-gap of around 7 days between them. Perfect for the Governance Polls. + +Edit: +In order to make sure everyone gets the moons at the same time, If this Poll is a success, the Mods can select an arbitrary place on Earth as a point of reference for [Moon Observation](https://www.timeanddate.com/moon/phases/). + +[View Poll](https://www.reddit.com/poll/oft9uy) +**Let me start by saying that this is not financial advice.** + +I’ll admit, when I first bought my first share at 320, I was fucking scared seeing the price drop to 40. You see, this was the first time I was trading on the fancy, regulated, STOCK EXCHANGE. I thought trading stocks was fair and regulated. Boy was I fucking wrong. + +Almost 7 months later, I can’t believe how much my psychology, risk tolerance and decision making process have changed. These changes have impacted my behavior in my everyday life. They impacted my interactions with suppliers, my interactions at work and even impacted my relationships with family and friends. I learned to control my emotions, seek knowledge, believe in my strategy and in myself. In this short post, I will try to explain some of the psychological elements that are creating a new type of investor: the type that can’t be manipulated as easily by the old guard of the financial world. + +# Chapter 1 - Smelling the blood in the water (GREED) + +I’m not sure if there is a term in psychology or in behavioral economics (at least I wasn’t able to find one) for the equivalent of “smelling blood in the water” in the finance world. Yet, I believe this is why most of us are here. Long before the 140% short percentage of GME news broke out, DFV has been making educational videos about GameStop as a company. He was made fun of by the retards subreddit for believing GameStop had any chance. It was only when the 140% news broke out, that retail and institutional investors started loading up on GME. + +You don’t have to be an expert to understand the implications of having 140% of a stock’s float shorted. You can easily come to the conclusion that some hedge funds have overexposed themselves to astronomical risk, and that the laws of supply and demand will come crashing down as long as nobody is selling. It’s a gamble, but it’s a pretty safe one to make. And so, retail and institutional investors made this gamble. + +Euphoria and FOMO kicked in. Everyone knew this was the time to be greedy. The price was rising fast and nobody knew what the hell was coming. Nobody knew the journey they embarked on, was about to change their psychology, risk tolerance and decision making process, forever. + +&#x200B; + +[Need Sir. David Attenborough to narrate this one](https://preview.redd.it/qkxaf7nlefc71.jpg?width=750&format=pjpg&auto=webp&s=c5e465845deca034a41cbf9c0a65e3d90dec34be) + +# Chapter 2 - Eternal defiance (RAGE) + +I’ll admit, when I first bought my first share at 320, I was fucking scared seeing the price drop to 40. I wasn’t scared because I would lose the money. I was scared because I didn’t understand how this was possible. How could my broker just disable the buy button like this? How could so many brokers coordinate and do the same thing, worldwide? What in the actual fuck was going on? + +Soon, fear turned to rage. It was clear that without buyers, and only sellers, the price of GME would never recover. What happened next, was one of the greatest examples of consumers taking matters into their own hands and refusing to do business with shitty companies such as Robinhood. We all transferred to the good brokers, and even started diversifying brokers. + +This single play to delay the MOASS the brokers made, in my opinion, started the biggest individual knowledge sharing and researching effort we’ve ever seen. DD articles started popping up on the GME subs. People had the thirst for knowledge, and thankfully, there were many people willing to quench it. Economists, lawyers, psychologists, meme creators, etc. all shared their take on what was happening, or what was about to happen. + +Once the knowledge about what was happening was out there, diamond hands were forged through defiance alone. + +“YOU WANT US TO SELL? FUCK YOU, WE AIN’T SELLING!” + +“GIVE ME LAMBOS, OR GIVE ME MEAL TICKETS!” + +You see, the “experts'' want us to believe that [stubbornness](https://www.bloomberg.com/opinion/articles/2018-08-01/stubbornness-is-discipline-but-bad) is a bad thing when trading. I think this is because it’s one of the traits that fucks up their strategy to milk retail investors for their hard earned money. “You should set a stop loss, friend, so you don’t lose your money”, “Lose a little here and move on, guy”. They say this even though it has been proven that stonks usually only go up (unless you have the bad luck of investing in a bad company or in a good company which is shorted into oblivion by hedge funds.). + +&#x200B; + +[Kenny, pull my finger!](https://preview.redd.it/lp3rmdu7ffc71.png?width=1580&format=png&auto=webp&s=56a9e9981d35467ff896460f1b64ef55efc83ddb) + +# Chapter 3 - Price anchoring (REFLECTION) + +Retail investors claiming the price of GME could reach astronomical levels (in the millions) are being ridiculed by both ignorant and knowledgeable people. This is normal and should surprise nobody at this point. We are conditioned all our lives to deal with value in small numbers. The anchor of wealth for most of us is in the xxx.xxx or maybe x.xxx.xxx. Depending on where you live, the wealth anchor probably has even lower values. + +*“The anchoring bias is a cognitive bias well-known in pricing, negotiation and other contexts. It describes the tendency to rely heavily on the first piece of information offered in an interaction. This initial information, or anchor, establishes a frame of reference and decision makers base their decisions around that anchor.”* + +Most people are unaware of the concept of price anchoring, and even those that are aware of it, are unable to remain unaffected when it is used against them. Price anchoring is used as a marketing tool almost everywhere nowadays, and it’s very fucking efficient. Some of the most common ways it is used, is by placing a “cheaper” product next to a more expensive product, or by showing a product with a “smaller” price today compared to the price it had yesterday. Being aware of price anchoring is not enough to keep it from influencing you. For that, you need reflection. + +In the case of GME our reflection should start by escaping our “poor people” world and visiting the hedge fund managers world. In their world we can see houses being bought for hundreds of millions of dollars, monthly income of millions of dollars, transactions of trillions of dollars etc. The derivatives market for example is [valued at $640 TRILLION](https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp) . This is just the first step though. + +Reflection should continue by understanding the unique situation we are in. Under normal circumstances, supply and demand meet and form an equilibrium, which gives the fair value price of an asset. During a short squeeze, demand no longer becomes optional. Demand becomes MANDATORY. If you have this information, as a seller of a heavily shorted stock, then you know you set the price. SUPPLY SETS THE PRICE because you know DEMAND HAS NO OTHER OPTION THAN TO BUY AT THE PRICE YOU SET. + +When you know the amount of wealth the hedgies have, the fair value of the derivative market and the mandatory purchase of GME stock by demand, you know that you can set the price higher than the price anchoring you have been conditioned to your whole life. Way higher. + +Ignorant people will call you crazy for believing this because they have no clue. Knowledgeable people will call you crazy for believing this because they know what they stand to lose if you name your price. + +&#x200B; + +https://i.redd.it/g64mwovvffc71.gif + +# Chapter 4 - The emotional hedge (AFFIRMATION) + +Emotional hedging is a type of sports bet in which a fan of a certain team bets against the team they are emotionally attached to, so if their team loses, they will win money and feel less bad about it. In the case of GME, if the price goes up it’s good. If the price goes down it’s a discount to BUY and HOLD. Regardless of what happens to the price, the investor with this mindset can only win due to the nature of the “bet” in this specific case. + +I strongly believe that this is the pillar of why long GME investors are going to win this calculated gamble, and are going to win big. In this specific case, there is no fucking way to beat this state of mind. Hedge funds are going to have to close their short positions eventually. If they are unable to bankrupt the company or drop the price to a very low level, they are unable to close their positions without going under. GameStop is thriving right now, and the only way to drop the price is through their usual shenanigans. But if those shenanigans are not working because when the price dips you have shitloads of individuals buying at discounted prices, then the price will always bounce back. + +Price rises: Good + +Kenny drops price through more naked short selling: DISCOUNT! BUY & HOLD. + +Always a win - win scenario. + +&#x200B; + +[Always winrar](https://preview.redd.it/ixq9mm7ggfc71.jpg?width=400&format=pjpg&auto=webp&s=854043f3450bbe1c4594c18ace49e38a0a4c4409) + +**TL;DR** + +**The cards are dealt and the hedge funds are facing a greedy, angry, defiant, self-aware ape, immune to bluffs. How do they win against this? The clock is ticking.** + +**Once the MOASS is over, this type of ape will now have a permanent seat at the table and will be able to take on the rest of the players.** + +**Oh, and I forgot, it’s not just one ape. It’s millions. And they’re scattered all over the globe, each of them an individual, but connected to others through knowledge and** **~~thirst~~** **hunger for tendies.** + +**Good luck.** +Tech war has begun. West vs China. “With the latest action, the chasm between the US and China has now expanded to the point of no return,”. + +Are western governments really willing to throw unlimited money at domestic semi conductor fabs until the industries are completely independent? Is this like the space race all over again? + +>In August, Mr Biden signed the Chips and Science Act into law which pledged $52bn to revitalise semiconductor manufacturing in the US. + +>The bipartisan legislation was seen as essential to national security interests to reduce the dependence of Taiwanese-made chips, which account for around 90 per cent of the market. + +https://www.independent.co.uk/news/world/americas/us-sanctions-china-semiconductors-industry-b2202941.html + +US sanctions on Chinese semiconductors ‘decapitate’ industry, experts say + +Mass resignations of US staff are ‘paralyzing’ Chinese chip industry + +The Biden administration’s sweeping new export controls aimed at cutting off China from obtaining chips used in supercomputers has caused the “complete collapse” of the Communist country’s semiconductor industry, according to one expert. + +“This is what annihilation looks like: China’s semiconductor manufacturing industry was reduced to zero overnight,” Lidang, CEO of Hedgehog Lab, said in a Twitter thread. + +Rules announced by the US Department of Commerce last week restricting “US persons” from involvement in manufacturing chips in China had led to mass resignations of American executives from Chinese firms. + +Lidang said this had the effect of “paralyzing Chinese manufacturing overnight”, and that the industry was in “complete collapse” with “no chance of survival”. + +The rules which came into effect on 12 October would bring severe damage to “Chinese national security as a whole”, Lidang said. + +“This is nothing like the 10+ rounds of performative sanctioning during the Trump years — this is a serious act of industry-wide decapitation.” + +The US Commerce Department said in a statement announcing the new controls that they were in response to China using supercomputers and semiconductors to create weapons of mass destruction and commit human rights abuses. + +“The threat environment is always changing, and we are updating our policies today to make sure we’re addressing the challenges posed by (China) while we continue our outreach and coordination with allies and partners,” Under Secretary of Commerce for Industry and Security Alan Estevez said in a statement. + +Semiconductors are used in everything from cars to refrigerators, and are increasingly important in artificial intelligence and advanced military programmes. + +Among the new measures were requirements for companies to have licenses to export high-performance chips used in artificial intelligence and supercomputers, and restrict US companies from exporting machinery used in manufacturing chips to China. + +Any companies that violated the sanctions could face arrest by the US Department of Justice. + +The Chinese government hit back on Thursday, accusing Washington of “Cold War thinking” and appealed for efforts to repair strained relations. + +Experts said the new controls on represented a significant escalation in tensions between Beijing and Washington. + +“With the latest action, the chasm between the US and China has now expanded to the point of no return,” Abishur Prakash, co-founder of the Center for Innovating the Future, told CNBC. + +In August, Mr Biden signed the Chips and Science Act into law which pledged $52bn to revitalise semiconductor manufacturing in the US. + +The bipartisan legislation was seen as essential to national security interests to reduce the dependence of Taiwanese-made chips, which account for around 90 per cent of the market. + +Earlier this month, Micron announced plans to open a $100bn chip manufacturing plant in Syracuse, New York, bringing 50,000 jobs. + +Mr Biden called it “another win for America, and another massive new investment in America spurred by my economic plan”, the Associated Press reported. +Do you love r/investing but scratch your head about r/wallstreetbets? Imagine it's got 290k YOLOers versus r/investing's 230k investors. + +Well, 4k YOLOers filled out a survey. See: http://imgur.com/gallery/3xwfI + +Highlights are: + +* 53% are under 25 years old +* 88% male +* 41% are students & 28% are engineers +* 44% have less than a year's experience +* 53% have less than $10k in their account +* 42% trade via Robinhood +* 50% trade stocks +* 50% want to learn how to trade options +* Trend following is the favorite strategy 26%, followed by rumors 18% + +Of course, it was a self selecting survey, and only 4k out of 290k but it's really interesting! Yes? + +Maybe the **mods** would consider a similar survey for r/investing? What you think? u/CrasyMike u/MasterCookSwag u/StockJock-e ? + +EDIT: 90k YOLOers, the cleverdicks at r/WSB have edited the css to add the 2 in front. lol. +Editing to add: DISCLAIMER: DO NOT DO THIS. I have been in Bitcoin for 7 years, I 100% understand the risks involved. I am well aware of all of the fees and tax ramifications. I am in a position where I can do this and not be in financial trouble even if Bitcoin goes to zero. Never invest what you can't afford to lose. + +I requested the 401k closure on Monday. I waited 4 days to get the check, receiving it yesterday. Today, I went to deposit it. I checked the bank hours, left my house, drove to the bank in the rain, went in and asked the nice lady at the counter to deposit a check. + +After verifying ID, confirming everything, and handing over the check, they told me that since it is over $5k, they will be holding the check, and the full amount will not be available until the 13th, in 10 days. I asked them if there's any way they can speed this up by calling the 401k company to verify it... they said they could, but the bank policy is still to hold it for that amount of time. + +2 weeks to perform one transaction with *my own money*. If this was with Bitcoin, it would have been instant, and I wouldn't have had to leave my house. + +Regardless of the price action of Bitcoin, it's just *better money*. Traditional banking belongs in the past. It's slow, it's subject to the whims of the bank, and they have the control. On the 13th, that value will leave the bank and will be put on the Bitcoin network, where I own it, control it, and am free to do what I want with it. 👍 +Ok forget about price and candles for a second, let's pretend my name's Debbie and I'm a single mother of three kids, living in the US Midwest. I'm reasonably educated, like The Cranberries and often take photos of me and my best friend with fake rabbit ears and whiskers. + +Let's pretend you're my neighbour, Todd. You're young, work in IT, cycle to work and you're a crypto evangelist. We're at a bbq and you corner me. + +Within thirty seconds you start talking about Bitcoin and the coming financial revolution - I turn to you and say "Todd, honey, why would I pay with bitcoins when my bank card is accepted everywhere? I just want to pay for my stuff and go." + +How do you convince me to start using crypto? + +Edit: Thanks everyone for the responses and interesting viewpoints. I've been messing about in crypto since the day after Bitconnect went down. I think the idea is revolutionary (crypto, not Bitconnect), it's going to be around for a long time and I've always wondered how mass adoption will occur. I'm now also wondering what it's like to be a soccer mom in the American Midwest. +So there's a lot of talk at the moment about interest rates rising and the advice is to get a fixed rate mortgage asap before the decent rates dissappear, but I am trying to resist this general movement and considering riding it out on a discount or tracker mortgage. + +My feeling is fixed rate mortgages are an insurance policy against a possible future rise but of course you pay for that certainty and it is a gamble which could sting if rates don't rise or fall. + +Rather than pay more now to ensure a consistent and relatively low rate, I'm considering taking a low variable rate product and riding it out. If rates rise then fine but if they stay constant or fall then I'm going to be better off and not locked in (depending on product) for the next 2, 5 or 10 years. + +Has anyone taken the approach of generally not fixing their mortgage over the years? I'm thinking of someone who has paid off a mortgage or approaching that point. + +All I ever read is (fix rate mortgage) rates are going to be 6% soon and you should fix now! + +I have 16 years left of a 25 year mortgage, currently fixed with Nationwide at 2.59% ending in March 2023 with LTV of 55%. + +Worth saying I can afford to pay more if rates rise and willing to take some risk. + +Keen to hear some views on this. + +Thanks. +"Boeing shareholders sue over 737 MAX crashes, disclosures" - http://www.reuters.com/article/us-ethiopia-airline-boeing-lawsuit/boeing-shareholders-sue-over-737-max-crashes-disclosures-idUSKCN1RL31D + +The lawsuit alleges that material information about the safety of 737 max planes was known by Boeing and not disclosed to investors. Is this just another nail in this specific safety coffin? Or is this what it looks like after the coffin is done being covered with earth, six feet under, and all the major airlines are ready to move on to other suppliers for the next couple of years? + +Also, since when does some dude with 300 shares file for a lawsuit? Good for him. I'm certain vanguard, Schwab, blackrock, and fidelity own 150 times more shares than the random dude who was trying to buy a dip, and therefore have more say in the matter. However.... I feel his pain, and while I don't want to see BA fall for this, a part of me does want to see shareholders rights protected, especially the little guy. +I am not sure if I am the only one but recently I came to the conclusion that reading any type of market news, expert analyses and opinions is completely useless and does not and can not inform decisions in any meaningful way. + +Here is a distilled outline of pretty much every expert analysis I have read in the past month: + +- 40% analysis of past events - brought to us by the power of hindsight +- 40% analysis of the current situation - by current I mean very recent past, also brought to us by the power of hindsight +- 20% the "prediction" part - this is supposed to be the point - for them to give us useful and actionable information on the future developments + +Now the problem with the prediction part and why I put it in quotes is that when you parse all the jargon and verbiage - this is more difficult with the "better" experts - they can talk a lot and talk well. But what you get once you distill it all is this: + +> if [condition] then [something happens] + +where the condition is something you cannot predict. So in principle, their "prediction" comes down to "if prices go up then they go up". One example for all: + +> "... <verbiage> in case Russia invades Ukraine, <jargon> we can expect a more risk averse approach and therefore further drop in prices, <more verbiage and jargon>" + +However, since there is no way to predict whether the invasion will happen, this prediction is totally empty of any useful information. It is equivalent to saying "in case prices drop they drop", because of course once the information is out that the invasion happened, the market will react much faster than we can act on it. + +Do you also have similar experience with reading expert analyses/predictions/opinions? Do you even feel like it makes sense to listen to them? How do you use them? +Yesterday's post on mortgage recasting was great. We did that on our most recent mortgage to good effect. + +But what if you are nearing FIRE and plan to buy your forever home outright? + +There is another mortgage approach you can use in this situation. Yes, a mortgage, even if you don't plan to carry a mortgage. + +Negative Mortgage Points, or, Selling Points to the Lender: [https://www.investopedia.com/terms/n/negative\_points.asp](https://www.investopedia.com/terms/n/negative_points.asp) + +Normally people buy points with cash at closing to reduce the rate. With negative points you're receiving cash at closing in exchange for a higher interest rate. If you are buying a home that you intend to own outright, you can use negative mortgage points to have the bank pay your closing costs, and then pay the mortgage off soon after. + +To do this you should **verify there are No Prepayment Penalties!** You want to be in a mortgage you can pay off whenever you want. + +When we bought our downsize FIRE home we had 3 main purchase goals: + +1. Overlap with our previous house to make the closing/moving process less stressful. +2. Own the new home outright soon after closing so that down the road we could more likely use the ACA subsidy. +3. Minimize costs and taxable account churn (didn't want to liquidate assets and incur capital gains). + +To do this we talked with several banks. The two we went furthest with were Ally and Bank of America. Both offer (or did at the time at least) negative points mortgages with no prepayment penalties. We made it clear with both that we planned to retire early and pay off the mortgage (all true, but we didn't discuss timelines), and they expressed no concerns with this. In the end we used Bank of America. + +The negative points gave us >$4000 toward closing, leaving a small three-figure sum that we paid. There are some rules - you can't pocket cash, and I think some costs may have been unable to be paid with this credit. Non-lender-related closing costs were about $2500. So we netted almost $2k vs closing with no mortgage. Edit: And after accounting for mortgage interest paid, our overall net savings were about 2/3 of that. + +Downsides? + +* A home purchase with a mortgage is a lot more hassle since you're dealing with a lender. And the lenders who we found that offered this were big banks, which can be a pain to deal with. +* You have a higher interest rate, so if you change your mind you have higher monthly cost. But it will be a while before the benefit of up-front cash is negated by that difference in interest rate. So an extra year or more carrying the mortgage isn't a big deal. + +This worked out well for us. We had a nice overlap of the two homes, and then paid off the new mortgage with funds from the sale of the old house. We had that new 30 year mortgage for less than 3 months. + +In the end it didn't end up being our forever home. After a bunch of appreciation plus the pandemic we decided to make a change after only a few years. For that next step we up-sized just a bit for more WFH/SchoolFH space, and wanted a mortgage again. That early payoff of the previous mortgage didn't hurt us in shopping for a new lender at all, and this is when we used the recast for another low-stress move. +I have been thinking about the relationship between Bitcoin and altcoins, and how people (including me) have a hard time convincing themselves that there is only one Bitcoin and there will never be a Bitcoin 2, and no altcoin will ever be able to surpass Bitcoin in terms of its fundamental properties (mainly decentralisation, scarcity and security). + +Bitcoin is like wikipedia. Wikipedia is the only one that is authentic and indisputable. + +Then there are many different wikis... you have the Pokemon wiki, the Starcraft wiki, travel wikis, and even a wiki about bitcoin. These Wikis, as you might have guessed, are the Altcoins. They fulfil a particular function, they satisfy specific needs that are not relevant from an encyclopaedic point of view (knowing all the items in a video game, the places to visit in Thailand or any technical knowledge). These altcoins do not have a monetary function as powerful as bitcoin, just as wikis are not as encyclopaedic as Wikipedia. + +Wikipedia's hegemony as a repository of online knowledge is undeniable, being (in a sense) a consensus-based p2p network. No private company hiring top experts from all over the world can make a better encyclopaedia than Wikipedia. They have not been able to overcome the ability of millions of people around the world to selflessly contribute information. + +Moreover, if they succeeded, the content of this new encyclopaedia could become part of Wikipedia's content if it really adds value to what has already been written. + +Nobody believes that Wikipedia will disappear because of a better successor, as it is able to change and adapt. Just like Bitcoin. + +That's the way I see it. +I’m 29, and have been at my current job for almost two years. I make $56,000 a year, paid off my student debt, and have about $17,000 in savings. + +I live at home, but I’m starting to feel cramped and need some independence. + +The place I’m looking at is $1365 (with only water utilities included), a five minute walk to work and dog friendly (it’s been hard finding a dog friendly place for my dog). + +I’m feeling overwhelmed because I always had in my mind that I wanted a small house and that I’d somehow save for it, but everyday that seems impossible that I could go in it alone (I’m single at the moment). I would still like to save in case the housing market turns around and if affording a house ends up being reasonable. Im sorry if I sound ignorant—I have no idea what questions I’m supposed to ask when renting an apartment and I feel overwhelmed. Thank you for your help. + +Edit for more info: I found three sources on google that said the average rental cost for a one bedroom in Lowell, Ma is around $1400-$1600/mo. There are cheaper options, but they're in kind of bad neighborhoods and not dog friendly. Chelmsford, MA (the next town over) seems to be closer to $2000/mo (there are some cheaper, but they're not dog friendly and I wouldn't be able to walk to work). I’ve looked at other apartments in surrounding towns and they’re in about that $1200-$1700/mo range. + +I don't know if these stats are helpful. The median sales price for Lowell house is $266,100. The home value index is $305,115. The median home price for Chelmsford, MA is $426,600. + +I get the cost of living raise at the end of every year (it’s like 2%), but I am going to be taking on more responsibilities in my role in the next year or so and once that happens I’ll see if I can negotiate a raise. My employer so far seems supportive and wanting me to grow and offering training, but I haven’t asked for more money yet so I don’t know how it will go. + +I don’t have car payments. + +Edit 2: Thank you for all the replies, everyone! Definitely wasn’t expecting that much advice. I’m reading through everything and will respond as I go through. Thanks so much for your help! I feel less overwhelmed now than I did a few hours ago. +He heats he’s never seen anything like it and the Chinese fucking love Costco + +All in bois, Earnings is gonna be a fucking overkill + +Edit: **Costco Wholesale Corporation is expected* to report earnings on 10/03/2019 after market close** + +Let's get them tendies extra fried bois + +Edit: thanks to u/notgonnanamewho for the info, apparently Costco employees are accumulating shares at a big pace +TLDR: I feel like I need an explain like I’m 5 to how to navigate life + +Hi, I am 27 and my lack of knowledge on personal finance is making me want to give up on life. I constantly end up in bad deals, get overcharged, underpaid, bitten by charges for not understanding something, ripped off, and miss any opportunity to benefit myself financially. I know that sounds very “woe is me” but I’m just trying to best explain what I mean. + +I have a learning difficulty (adhd) and get so lost and confused when talking to any customer advisers. I think this makes me an easy target for bad deals. I’m even being paid less than others in my company I work for and despite raising it just got brushed off. I don’t really know properly how anything works from credit to energy bills to insurance. Therefore don’t have the confidence to advocate for myself. + +For context, I am from a poor family, I feel like I’ve been conditioned to perpetuate poorness as my family all financially struggle. Even if I needed to borrow £100 there would be no one I could ask. I can describe what I feel like as; most have this manual on how to do life and play the game. I’ve observed friends getting guided and helped by there family’s. I never got any financial advice or shown the ropes and I’ve figured everything out on my own but very limited and poorly. My capacity to learn these things is limited because my adhd makes it harder for me to understand certain things (finance is one, it fills me with dread and panic because of all the words I don’t understand, confusing language and acronyms/percentages). + +I so badly want a comfortable (my definition of comfortable is just not broke my entire life and actually have something to my name) life but it always feels like 1 step forward and 2 back. I make terrible financial decisions constantly instead of making my money work for me. + +I feel like this issue is stopping me from getting what I feel I deserve from life. I work hard and try so hard to make the right decisions (better than my family) + +But sometimes I feel like giving up it just feels like there are hands all around me grabbing at what I have. + +Can anyone advise any digestible material which helps with these thing? +Or advice and story’s from people who have broken free from generational poorness? I would love some inspiration to make me feel less hopeless. + +Thank you for reading + + + +TLDR: I feel like I need an explain like I’m 5 to how to navigate life +Iv seen posts where people comment “I’m never selling” or “I’m hodling until crypto replaces the need for fiat”… and then the same user comments hours later being all excited for and wishing for a bull run. + +Why? + +Shouldn’t ye be hoping it stays low for a couple of years so you can accumulate if you plan on never selling? Is it not ironic to plan on accumulating and hodling as much as possible while also hoping the price rises in the short term? + +Tldr: a lot of people don’t know what they want, they want to get rich, but don’t exactly know how yet. + + +Edit: I’ll have to clarify this because whatever time zone woke in the last hour are really having difficulty understanding what I actually said. I DIDNT just say “why do people like bull runs” or “why do people like more money”. I’m specifically talking about the people who want to accumulate more and make money long term, not on a short term pump. Do you want to accumulate when btc is at 50k, or at 30k?… does it not make more sense to hope btc crabs for a while so you can have a bigger stack when it eventually moons? +Prior to this year, I didn’t know a whole lot about finance. I got into debt to my parents for an overseas trip when I was 16, but that’s where my knowledge stopped. + +I still don’t know a whole lot about super, investing or general money management, but since this year is pretty much a write off I’ve been trying my best to teach myself. + +Which brings me to my question, what do you wish someone told you when you were my age money wise? Is there something I should be getting straight into while I’m young? + +This year I opened a Raiz account and I’ve been putting $50 a month in there, I realised the super provider I was with takes an exorbitant amount of fees so I’m switching that over. I think I’m doing good but I’m always wondering if there’s some key things I’m missing. +What is the fix/ solution needed to the current worker shortages that is happening right now? + +In my opinion, these days businesses need to understand there has been a cultural shift, where the employees are starting to hold the balance of power. + +Work conditions, better pay needs to be addressed, instead of going to the news and complaining that you cant find staff. +Throw away account + +I was furloughed from my job in the healthcare industry 6 weeks ago because of COVID-19 and I have been receiving unemployment from both the state and federal government. I am currently receiving more money from unemployment, even after taxes, than I was making at my current job working 40 hours. They are only offering me 30 hours right now, but working 30 hours would put me over the limit for being eligible for unemployment. The extra money the past few weeks has helped my husband and I out tremendously to pay on past due debt and to put a little away into savings. I’m having a difficult time right now trying to figure out what to do about my job. Unemployment won’t last forever, I know, but the opportunity to have a higher income even temporarily has been our saving grace. How do I move forward without putting my husband and I back into a tight spot with our finances? +Edit again!: title should say 'could' not 'will' + +To begin, u/arikah posted this great explanation in the [SEC has no objections to NSCC--801 thread](https://www.reddit.com/r/Superstonk/comments/n51u5d/sec_has_no_objections_to_nscc801/) by u/bavetta + +# "801 is the "super margin call ult" that DTCC can play. They will monitor positions by the minute and if thresholds are crossed (like a short position exceeding the rest of citadels worth), they can issue this call and the funds need to be deposited within one hour, or DTCC will take over and liquidate them. + +# It's far more powerful than a normal margin call that only looks at end of day close price and gives up to 5 days to return capital." + +(I hope you don't mind me sharing your explanation). + +I jumped for joy, snorted some fine Crayola dust when I read the news, but I was quick to forget what this really means. + +Now, don't get me wrong, Citadel are reckless, stupid, and they completely fucked up in their greed and arrogance. Naughty, naughty. But they do know the stock market, they know how to abuse it. They're clever like a fox. So, just for a moment, imagine they are smart/crafty enough to constantly dodge a margin call, and *even if they do* get margin called, assume they'll always have the wealthy friend who'll top them up with cash, which in turn will satisfying their broker. + +**It doesn't matter. The rule is for the entire market**, so only one or a few hedge funds have to fail a margin call for this to potentially kick off. **And it doesn't even have to be one with positions in GME.** + +So, this following example sequence of events has been playing over and over in my head, jacking my tits. + +Imagine some Hedgefund (Hedgefund 1) CEO called Henry. Henry has no short positions in GME, or other "meme" stocks. He knows not to, he's not stupid. Instead, Henry has shorted XYZ company. XYZ company, thought to be going bankrupt, similar to GME, has an amazing turnaround and bounces back. Whoops. Henry gets a margin call. Normally, Henry could find the money in five days, but **one hour? There's no chance**. He fails, and is then liquidated by his broker. + +What happens when Henry is liquidated? **All of his long positions** are sold to cover for XYZ (thanks Houston Wade for simplifying/explaining this in one his videos). Now, Henry has an absolute shit ton of shares in Microsoft, Amazon, Coca Cola, and other big companies. He's had them for years and years. He got in when they were dirt cheap. To cover XYZ, his positions are **forcibly sold** from each of these big stocks to pay his debt. As we all know, massive sell offs cause massive price drops. + +You know who also has positions in Amazon/Coca Cola/Microsoft? Billy, CEO from Hedgefund 2. Billy was relying on these stocks to stay at high prices to protect *him* from a margin call, because he too has a few short positions, here and there, in ABC and 123. + +What's troublesome for Billy is that when these stocks drop, *his* position is then compromised. Originally, if he got into trouble, his plan was to sell his shares in these big companies at their current price. **But the current price has just dropped**. He gets the call, he can't find the cash within the hour to support his position. Billy's broker hits the big red button, forcibly selling off his long positions to cover. Goodbye Billy. + +This all ties in because Citadel/bigger Hedgefunds will have long positions (I'm assuming) in many, *many* of these big companies. Even in smaller companies. Each position is essentially a financial crutch, a money-stilt if you will, that holds them up to be their status of mega-wealthy megalodons. + +Well, if Henry, Billy, and all these other smaller, incompetent, not-acting-fast-enough Hedgefunds fail their margin calls because they have no wealthy friends, these financial crutches collapse because they decrease in value. It doesn't matter if Citadel doesn't move or doesn't change a thing in their plan, *the ground from beneath will crumble*. It's beyond their control what happens to the rest of the market, and the rest of the market will determine what happens to Citadel. + +Every single hedge fund/company/person is being watched by this new rule. Everyone is walking a tight rope. One misstep can cause them to slip. In turn, this will remove the bottom blocks of the Jenga tower, which in turn will collapse the house of cards, which will hopefully end this string of ridiculous metaphors. + +No dates. No timeline. Just an insanely strict rule which will completely change their game plan, and someone is bound to fuck up. + +**TLDR: It's all connected. 801 applies to everyone. If one hedge fund fails a margin call, it can trigger another to be margin called, fail, which will cause another to be margin called, fail, etc etc. Five days turning to one hour means the weak will drop first. Even those who fuck up with zero positions in GME or other 'meme' stocks can ignite this rocket.** + +TADR: hedgie boys r fuk rip in peace lmao + +*A quick thank you to every writer/researcher in the GME saga. You've taught me so much. If ever I'm lucky or stupid enough to obtain even an ounce of original thought related to GME or the stock market, it's entirely because of you.* + +Please please please let me know if I've misunderstood how this all works, and please point out any misinformation. Before February, the only stock I knew about was OXO. + +Peace and love. + +(flair is Opinion because I know Jack Sheet and his wife Fuk Hall) + +EDIT: Story time clarification. + +Second EDIT: I know this isn't news to most of you, because it's clearly very obvious this rule applies to everyone, and the noose is tighter than ever. This is just the way I pictured it, which jacked my tits, and therefore, I hoped to jack yours in the small chance you hadn't given it much thought. +This may not be as big of a deal to others, but it feels great to me. For 2019, we pulled Christmas out of my ass in two checks before the holiday. My wife and I didn’t do anything for each other but it felt good to be able to work together and pull something together for the kids. Additionally, my wife is a Christmas baby (born on 12/25), so she’s always got the shaft when it comes to bday presents. + +So I just moved my first $20 dollars into the Christmas fund for this year. I also started working on our emergency fund as well. It just felt like a win to be able to do this on my first check in 2020 and I look forward to changing my financial stability this year. My goal is to start saving for as many things as possible, months in advance to the event. I started using Simple bank last month and the expense/goals features have really set me on the right path to learning the importance of budgeting. + +Just wanted to share this success with someone and maybe even inspire someone to go ahead and start saving for something that tends to kick a lot of peoples asses every year. + +Happy 2020! +Let's pretend you found a successful trading strategy based on price action and money management. + +But it is pretty much work to check for signals everyday, for every asset you observe. On some assets you would have to do it during sleeping hours. + +Would you give away your 1000+ hours of learning, research, observing and testing away to a payed programmer or would you rather invest another 200+ hours into learning coding? +Well, crazy to see everything unfold in front of us. The DD was correct, you were right. At times it was hard to hold but god damn everything is unfolding in front of us. They are caught swimming naked, not only here but all over the world. Debit Suisse in trouble, shots were fired today by BoE, and you have 3 days to get your shit together (which means sell everything) + +Daddy Cohens tweet tonight is the kill shot. Welcome to the Endgame, the party is about to start +I know past performance doesn't indicate future performance, but this seems like a good idea. My main concerns/questions are whether the tax advantages I get from my index fund investments in my Roth IRA and 401k would offset the additional gains I might get from holding BRK.B in a brokerage account (after also accounting for the long term capital gain taxes I would incur). + +I'm fairly new to all this but trying to learn. Sorry if they're is something I'm overlooking. +# Team Bog have declared themselves as one of the hottest utility tokens to launch this alt season. + +Even CZ approves of BogTools in the BSc Ecosystem - retweet of BSC ecosystem infographic in which Bog is featured **TWICE** D*efi/Exchange category & Tooling / Infrastructure Category* + +Original [Tweet](https://twitter.com/coin98analytics/status/1390269988007604224?s=21) Coin98Analytics (CZ Retweeted on 6/5/21) + +It's clear the ever active team don't sleep after bringing us multiple functioning tools over the last 2 months. + +The list so far includes: + +* Limit Orders (Buy/Sell V1) +* Charts with sick UI and view wallet function. (Safemoon Site links directly to bog charts) +* ARG - augmented reality game - side hustle with serious prizes to be won +* NFTs - customisable by the user +* Staking with High APY paid in Bog ( reports of 150-200% based on average volume giving good liquidy base) +* Oracle Function - Verifiable Randomness - being used by external projects +* BSC Token Sniper - currently in Beta + +During PancakeSwapV2Gate they were able to provide support in the form of **BogSwap** \- a swap UI that automatically routes trades via PCS1/PCS2 / Apeswap. + +Putting all these tools together, **in one place ,** makes Bog **the ultimate BSC trading Platform.** + +# Update on current Tools: + +Charts - V2.4 - Speedy bois, wallet function able to hide tokens that bring back bad memories. + +BogSwap - The newest team member, this swap gets you the **BEST** price for your token through automatically selecting the best swap location at no cost to you. + +Sniper - Well this is just a bonus and good fun to play with. Warning play at your own risk! + +# Recent Stats: + +25 Million Market Cap + +1.3 Million 24hr Volume + +Holders : Almost 18500 + +# Next Gamechanger Inbound: Don't miss the BogTrain bros + +Limit Orders v2 with PCSV2 support + +* The limit orders were a huge success on V1, allowing you to get some well deserved sleep whilst knowing you can cash out your tokens / buy a huge dip +* A new update will allow you to set your order to buy/sell to **ANY OTHER BSC TOKEN -** for example limit sell my safemoon to bog once it hits 200% gain. +* With sell limits being available for V2, pair this up with the new Sniper, we could see some serious carnage 👀 +* More developments in pipeline, if you are interested check out recent ChaposCartel [AMA](https://t.me/ChaposCartel/17331) + +**So watch this space traders:** Once Limit orders V2 go live Bog will be the only one stop trading shop for BSc tokens. If you aren't using Bog platform to trade right now, then you aren't making the most of your time. The Bog Token Breakout is impending. + +Any questions hit up comments here or join the BogTools TG which is incredibly responsive ( and not full of moon/lambo chat) + +**Links:** + +[**Bogtools.io**](https://bogtools.io/) + +[**Chart**](https://charts.bogged.finance/) + +[**Telegram**](https://t.me/bogtools) + +[**Bogged.Finance**](https://bogged.finance/) **- Trading Platform** + +[**Bogged.Finance/swap**](https://bogged.finance/swap) **- can buy bog (& anything else) here** + +[**BSCScan - 0xd7b729ef857aa773f47d37088a1181bb3fbf0099**](https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099) + +[**Reddit**](https://www.reddit.com/r/BogTools) + +[**Coingecko**](https://www.coingecko.com/en/coins/bogged-finance) + +[**CoinMarketCap**](https://coinmarketcap.com/currencies/bogged-finance/) + +[**Twitter**](https://twitter.com/bogtools) + +[**How to place buy/sell order Video**](https://www.reddit.com/r/BogTools/comments/modi2x/bogtools_limit_order_howto_video_mass_adoption/?utm_source=share&utm_medium=web2x&context=3) + +[**How to buy Bog / Use Bogged Finance with Trustwallet**](https://www.reddit.com/r/BogTools/comments/mrcktr/how_to_use_boggedfinance_on_trustwallet_android/?utm_source=share&utm_medium=web2x&context=3) + +[**Token Sniper Medium**](https://boggedfinance.medium.com/announcing-the-bogged-finance-token-launch-sniper-7dac90c6c917) + +[**How to Stake BOG**](https://www.youtube.com/watch?v=21hWoNOk4Xk) +I love the dynamism of the crypto world, and I am always on the lookout for interesting crypto and blockchain-based projects. I found one in Amnext. + +Amnext takes saving money to a whole new level by turning it into an interesting venture, and that is done through the combination of smart contracts, DApps, and creativity. Amnext is a saving game where you are always a winner. + +**The main features of Amnext are:** + +* *Lifetime Lottery Ticket* +* *No-Loss Lottery* +* *Staking Rewards* +* *Referral Rewards* +* *Rewards in AMC by depositing in Prize Pools* +* *Doxxed Developers* +* No Launch Until Audits are done (Certik as 1st chose) + +# Lifetime Lottery Overview: + +The **Lifetime Lottery** follows an easy but smart procedure. Once a user buys the lifetime ticket the funds are sent to the **Amnext Staking protocol**, it will generate Interest. + +This is where the magic happens. The interest produced is accrued to the to the lifetime jackpot depository which allows users to **keep their lottery tickets forever** without the necessity of putting in money repeatedly to participate on the drawing of the next lottery. + +In simple terms, the money used to buy the tickets **does not become the jackpot** as it happens in classic/national lotteries but it is used to generate the interest, which will form the jackpot and allow **the birth of the lifetime ticket!** + +# No Loss Lottery Overview: + +**Another unbelievable concept** inside the Amnext ecosystem is the **No-Loss Prize Pools.** + +The members can deposit funds in different stable and well-trusted Tokens like **BNB/CAKE/USDT.** + +The amount deposited follows the same workflow similar to the lifetime lottery protocol. The Tokens deposited are invested in one of the most active and secure platform of the Binance Smart Chain, **Venus a Lending and Borrow** Dapp that permits the invested tokens in Amnext to generate the interests which form the jackpots. + +Instead of the lifetime lottery, you can remove your investment whenever you want and accrue AMC tokens as a simple staking system. There is also a **bonus that is added to the jackpots,** the fabulous **LootBox;** a fair amount of AMC tokens that is provided by the tokenomics logic of the project. + +# My Review: + +The confidence of the doxxing team is amazing and **should sell itself early enough**. I advise you to join the **telegram group** to connect with the community of developers to clarify any doubts you may have. I personally believe that the project has a lot of potential and will be for sure a **long-term GEM.** + +Telegram: [https://t.me/amnext\_official](https://t.me/amnext_official) Website: [amnext.io](https://amnext.io/) +It's times like these that you are glad that you can read Chinese, and not have to deal with clueless English newspapers. I summarized the PBC announcement + +@Is the news out of China about banks & bitcoins good or bad news? + +It's excellent news for bitcoin. Essentially bitcoin exchanges in China and bitcoin itself is going to be treated as a "commodity" rather than a "currency" and therefore not going to be subject to banking and currency control regulations. The only restrictions on bitcoin exchanges is that they will be subject to the standard internet censorship rules and they will need to get the identity of all users to prevent money laundering. Existing financial institutions will not be able to trade bitcoin, but this is a *great* thing for entrepreneurs. + +Also, more excellent news out of Hong Kong. An HK bitcoin exchange basically shutdown and stole everyone's money. This is excellent news because within days, they have been caught and are likely going to go to jail. I'm very, very optimistic about Hong Kong "leading the way" for bitcoin. + +The other good news is that the Chinese government understands bitcoin. According to the notice. + +Bitcoin has the following four characteristics: + +1) there is no central issuing authority +2) the total amount is limited +3) it is not geographically limited for acceptance +4) it is anonymous + +According to the PBC, bitcoin is not a "true" currency because + +1) there is no central issuing authority +2) there is no legal requirement that anyone accept bitcoin + +Bitcoin is therefore a virtual commodity, and therefore is not subject to the laws regarding currency transactions, nor should circulate as a currency. + +-- + +Also here are his thoughts on the overall climate in China regarding Bitcoin: + +1) The PBC has basically given the green light for bitcoin trading and exchanges. They are trying to keep bitcoin trading "separate" from the other parts of the financial system so that if bitcoin blows up, then nothing bad will happen. The thing that I think they are worried about is a Lehman style situation in which something blowing up in derivatives brings down the rest of the economy. + +The strategy of creating a ring fence around new markets is a very standard one in China. Hong Kong is an entire city that is ring fenced. + +2) Not terribly much. It only started to get on the radar screen a month ago. + +3) The main driver is that there are tons of money in China and no one knows what to do with it all. The traditional investments (real estate and stocks) have been closed off by government action since the government has made it clear they will kill any bubble in the real estate and stock markets. So the money is going into all sorts of "non-traditional" investments. Bitcoin is just one of them. + +4) Geeks. So far it's not the type of thing that random people will buy. + +5) It's not very mainstream. However, its taken the Chinese geek community by storm and there are a lot of geeks in China. As with a lot of Chinese things, the fraction of people in China who are geeks is small, but a small fraction times a billion is a lot of people. + +6) No harder than it is to buy anything else online. + +Bitcoin has not gotten much mainstream attention and its still something that is with geeks, but you have the perfect storm of a lot of other things. The main thing is that bitcoin has hit China exactly at the time where China is looking at restructuring its entire economy and financial system to move out of low tech industries into high tech ones. It also hit China at just the right time in the credit cycle. China has recovered from the 2008 crash and is just starting to enter into another boom phase (which will last about two to three years before the economy crashes again). + +EDIT: Source + +http://www.quora.com/China/What-is-the-situation-regarding-Bitcoin-from-the-perspective-of-someone-in-China/answer/Joseph-Wang-9?srid=FmS&share=1 +and +http://www.quora.com/China/How-will-Chinas-recent-crack-down-on-Bitcoins-impact-its-near-term-and-long-term-value/answer/Joseph-Wang-9 + +EDIT #2: From comments below: both **Baidu and China Telecom** are regulated by the **Ministry of Industry and Information Technology (MIIT)**. Which is now the same regulator for BTC. Until MIIT tells them (and other tech companies) HOW to go about accepting this "virtual commodity," they ARE running afoul of their regulator by accepting BTC. It's not illegal for China Telecom and Baidu to accept BTC, but why would they continue to do so in the same manner as they have in the past? Last week, there was no regulator. Today, there is. It would be idiotic and very much unlike how China works, if they continued to accept BTC w/o guidance from the MIIT. + +The specific verb used by Baidu Jiasule, '暂停' means to 'temporarily suspend' or 'pause'. It's not how they would usually express a permanent end to the service. + +A temporary pause could turn out to be a permanent halt, but that isn't the message they wanted to put out at this time. + +A reasonable explanation for this is that they're being careful, because they don't know, yet, how the new rules will be interpreted. So they're waiting to see what happens. +I've been on the FIRE path for quite a while and have achieved many key milestones along the way but I couldn't reconcile the two halves of my life in conflict here and one side had to win out. I say this in part in jest as I know the two are not mutually exclusive but it really does feel that way sometimes. + +Some time in the last couple of years I crossed LeanFI levels and have been working towards 'current lifestyle FI' (as I called it) or possibly even FatFIRE. My profession is a high intensity extreme travel type life, I've been on the road 250+ days/year for 16 years and my original goal was to get out of this by divorcing myself from the need for income and then find things to occupy my time. + +However, I've always been a 'car guy' and it was the one area where I've splurged a bit though always in modest proportions. For example, about 18 months ago it was time to retire my '03 Cobra for another daily driver, I settled on a low miles '10 Jaguar XKR where at $28k I thought the $ value/fun ratio was well in my favor and generally didn't disrupt my overall savings to any noticeable degree by paying cash for it. I also was hoping that buying the 'poor mans Aston' would satiate my desire for the real thing. + +It did not. + +I'm coming up to my 40'th and felt like I should do something to mark it and indulge a bit. I've wanted an Aston Martin my whole life and it was clear to me that even though the Jag was 90% the same, and even superior in some ways, that I still, for whatever reason, needed to have one even if it meant delaying RE whenever that would be. + +So I did it. I bought my dream car and just about broke all the rules doing it which is why I am here to turn in my membership card. + +So first off, the car. I started out looking for a 'cheap' DB9. As I went through the process I decided pretty early on that I really wanted three things in the car, the first being it had to be in a color scheme I liked (Aston Martin makes a lot of red and blue interiors, I don't think I could live with that), it needed to be no older than a 2009 (there were a lot of upgrades in that year I wanted) and it needed to be a manual transmission (only 5% of production is manual transmission and they carry a significant premium over the Sportshift cars). At that point, the market for a car with everything I wanted was WAY more than I originally intended to spend so I thought 'if I'm really going to spend that much, what else should I look at?' which is where I made the jump from DB9 to DBS, the 'flagship' of the Aston Martin line for the years it was in production. + +In the end, I wound up with this: https://imgur.com/aPvsoVY + +With the stablemates: https://imgur.com/qyM5iYN + +A 2009 black on black DBS with a manual transmission with ~24,000 miles. + +At over $100k it was REALLY hard to choke down spending that much money and there was no real way to justify it or rationalize it with my FIRE plans that I had been working on for years. I really just had to bluntly accept the fact that this means working at least an extra year, probably two or more and that in order to make this purchase I would need to be OK with that. After wrestling with that decision for a couple of weeks I went forward and bought it. + +And broke all the rules doing it. I could have written a check for the car and just been done with it but felt uncomfortable with how much of my taxable brokerage I would need to liquidate to do that. But the thought of taking on debt to buy something with no real 'need' in my life also was incredibly painful. In the end, I split the difference and financed half on a 48 month term at 3.6% interest which I thought was quite a reasonable term for something like this. Turns out that exotic and 'super' car financing is generally pretty good on terms (obviously depending on one's credit). I rationalized this to myself by looking it the loan as a matter of risk mitigation and by setting up the payment schedule as if it were a 12 months loan and plan to reduce my forward looking savings rate by about 50%. If something catastrophic went wrong in my life I still have a good cushion to carry me, if nothing goes wrong then I paid very little in interest and my brokerage account is fully replenished to pre-purchase levels in 12 months. + +It was really hard to shake all the lessons learned from reading things like 'The Millionaire Nextdoor', and other such books where it seems like the 'look rich, or be rich' is an either/or proposition and that if I did this, I would never achieve my FIRE dreams forever condemning me to corporate slavery. And while I couldn't continue to make decisions like this on an ongoing basis my realization is that FIRE does allow for indulgences on occasion, sometimes even great indulgences and that our mantra of 'build the life you want, then save for it' really is a better mindset to adopt. +I read the outline of the earnings report and $DOCU beat Q3 estimates by a pretty good margin, and the Q4 earnings estimates were only 2% off of analysts' expectations. + +Granted their next quarter growth is expected to be *only* 30% compared to 40% of the previous 6 quarters. Still that does not at all seem like bad all bad news - especially not bad enough to tank the stock by 40% or more. + +Now I'm no financial expert, just a fledgling hobbyist, so it's 2% a significant miss relative to expectations? As an engineer, that seems well within tolerances to me. + +Is the stock price for this company so speculative that the 25% miss on next quarter growth THAT detrimental? + +It all seems like an overreaction to a company that doesn't really have any real competition outside of Adobe, which isn't saying much. +I (33M) recently applied for Income Protection through my Super fund until 65 years of age, at 75% of my current income. It’s surprisingly cheap at about $250 pa with a 60 day waiting period. + +Because this coverage is higher than the default policy I had to apply to the underwriting insurance provider, which means a medical background check (questions in an online form). Of all the ailments, injuries and illnesses I have ever had, it seems seeking counselling support under a mental health plan from my GP is the red flag. + +I have been offered insurance, but with a ‘mental health restriction’ which including the following limitation: + +- “no benefits shall be payable.. for any claim arising directly, or indirectly out of, or in connection with, any mental or behavioural disease or disorder, including…” + +The exclusion statement then goes on to list any conceivable mental health experience under the sun, including “stress, fatigue and exhaustion”. + +I understand the underwriter needs to cover itself based on risk and prior medical history etc. But this policy doesn’t appear to be worth the paper it’s written on: surely any claim someone submits could be proven to be indirectly linked to “stress”. + +“Oh you slipped on the pavement on your way home from work one day and can’t work anymore? We can prove you experienced stress that day and therefore weren’t as alert as you could have been. So we refuse to pay your claim”. + +I am curious if anyone has successfully obtained IP insurance without such a restriction, after seeking support for mental health (and being honest and disclosing it to their super fund / underwriter)? +In the late 90s, I was making a great salary, aggressively saving, living frugally, but for investing was risk averse, by nature. I did not want to lose money I had earned and saved. I still don't. + +Full blown dot com mania rolled around when the globe.com went public in late 1998. I played around with an ETrade account during the .com bubble, making harmless $5k trades, no options, took profits way too early, but followed the market action very closely. I dabbled lightly and did some IPO trades, some premature shorting, and mostly used it as a positive learning experience. No harm, no foul. I was mostly a coward, happy to have my money safe on the sidelines, CDs and bonds, but the dot com bubble was spectacular on the upside and the downside. + +However, the experience left me very distrustful of the entire game. Investment banks underwriting bogus websites with no earnings to sucker bagholders which turned out to be mom and pop mutual funds, pension funds, and day traders who didn't actually daytrade. Insiders cashing out of bogus IPOs to the retail sucker. The whole thing seemed like a huge scam. A bullet that I dodged since I didn't get too caught up in the game. I had a day job and did not quit it, and kept earning and saving. + +The moral of the story is that I never really went full hog into the stock market. I am one of those people. Missed out on tons of tech gains for the next 20 years. All due to the skepticism developed during the dot com bubble. Threw the baby out with the bathwater. And I didn't even lose any money!! + +Fast forward to COVID bubble, and some new investors have gotten clobbered in the last year. Meme stocks, SPACs, and scam IPOs are down 50% to 75% of peak values. It's the exact same thing. A lot of people will hold underwater stocks until $0 or until they die, if they never break even. But, that's another conversation. + +I get the feeling this recent bear market will scar some of the victims for life. My advice is to learn from your mistakes (YOLO options trades, bag-holding meme stocks, invest in diversified ETFs, etc) ....Whatever you see as the lesson for you and move forward with your financial lives. Do not throw the baby out with the bathwater and stuff cash in your mattress for the rest of your life. Because there are a bunch of people reading this who are at risk of doing exactly that, which to be fair, isn't the worst thing in the world. + +Please don't hate on me. I am just sharing my experience for those who may find it useful. I am happy to answer any further questions about the pros and cons of overly cautious investing, LOL. + +Holding: Cash + +Edit: + +Today, the bear market today is limited to certain IPO, growth, and meme stocks. The ones down 50%+ In the current market, some individual stocks have been clobbered, just like .dom bust, but this does not affect the broad market like .dom crash + +No, today is nothing like .com crash. IVV lost half its value from 2000 to 2002. Those who invested in QQQQ went from $100+ to $20. Huge market index down 80%. Those who invested in SPY went from $145 to $80. Huge market index down 50%. Back in 2000-2002 SPY and QQQQ went down 50% and 80%. Cisco Microsoft Intel were all crushed along with fake .com stocks. Nothing escaped the bear. +> Today on the show, we sit down with Dr. Ben Bernanke, the medicine man of the markets and the money supply. +> +> Ten years later, we're still dealing with the effects of the 2008 financial crisis. Some industries and parts of the country are still trying to recover from the worst economic period since the Great Depression. +> +> It was Ben Bernanke's job to stop the crashing and pick up the pieces. +> +> As chairman of the Federal Reserve, he had to balance the pressures of Congress, the White House, and the American people and come up with a solution to rebuild confidence in the country's financial system. He had to make tough call after tough call. +> +> He's had 10 years to think it over on what happened, what could have happened and why. So, we sat down with him to ask a few questions, like: +> +> * Why didn't the Fed see this coming? +> * Why did America bail out the banks, and not the homeowners? +> * How close did we come to total collapse? +> * And we ask him about his trip to Hollywood. + +[NPR.org](http://www.npr.org/sections/money/2017/05/03/526784960/episode-768-a-chat-with-ben-bernanke) +Hi! + +I've already set up a watch list for some markets I wanted to explore (India, South Korea, Mexico, South Africa, Singapore, Taiwan) and I'm not too sure how to do my due diligence on these. + +What should I be looking for in my research? I mostly looked up some ETFs but mayby I should be investing on the actual exchanges. and depending on the depth of research I might need to limit what I actually invest in. + +I'm guessing I would need to research politics, diplomacy and exports? +I felt like wearing a detective hat today and stumbled upon Shitadel's [latest annual report](https://sec.report/Document/0001616344-21-000004/) which was submitted to the SEC in Dec 2020. In it, Shitadel \[The Company\] acknowledges some things, including their entire risk management strategy pertaining to shorting. + +*I am a relatively smooth brained ape, so I would love to know if anyone wrote about this yet or has a better understanding of their annual report. I am hoping that some wrinkley apes step in and piece this all together for us.* + +Basically, in the risk management portion of their annual report, Shitadel acknowledges that they "Sell various financial instruments which \[they\] do not yet own by delivery of borrowed financial instruments (short sales)". They further acknowledge unlimited loss if their is an inability to cover the short position and that regulation may limit Shitadel's ability to conduct short sales which would result in reduced inventory of securities (i.e. Low volume). The low volume increases their transaction costs relating to short selling - they thought SEC regulation would do it 😂they never even saw apes coming, poor shmucks. + +&#x200B; + +https://preview.redd.it/xzzwwz9r0hi71.png?width=802&format=png&auto=webp&s=2a6cb17f50a34ab201cc337b0a5115dce0ab414e + +There is more... they also state their use of "off-balance sheet risk". I had to look it up to get a better understanding. In simple terms, off-balance sheet risk is liability/risk that Shitadel just keeps off their balance sheets. It is legal if done correctly, however the use of off-balance sheet financing can potentially be used to mislead investors, financial institutions, and other financing entities to believe that the company is in a better financial position than they actually are ([definition found here](https://debitoor.com/dictionary/off-balance-sheet)) since their shorts are completely left out of their financial statements. + +https://preview.redd.it/kgcw6s3tigi71.png?width=788&format=png&auto=webp&s=8396a9b90b40fb6addee248a0ce00438be9c5ba6 + +Shitadel has established accounts with other financial institutions, primarily Merril Lynch, to clear their security transactions in the case of failure to meet certain obligations i.e. failure to delivers. + +https://preview.redd.it/74447lmv0hi71.png?width=815&format=png&auto=webp&s=cb2ed64d526f3e8c70ea42f546d98c3f7e5b4e76 + +Edit: According to the annual report, BAML servies as a clearinghouse and prime broke for 96.69% of the company's net derivative assets! 96.69!! Simulation confirmed. + +https://preview.redd.it/8bmov80iuii71.png?width=624&format=png&auto=webp&s=9a3f38688f894f7610fa3cfb2db1617c68f8e1cd + +&#x200B; + +Could this be related to the Brazil puts? + +https://preview.redd.it/aeyqqwdeqgi71.png?width=790&format=png&auto=webp&s=a132b13a384a86942f71338e9b039a60c2d67747 + +Finally, their use of [OTCs](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/over-the-counter-otc/), which you can read more about here: [On OTC Derivatives: GME and the Global Market Implosion](https://www.reddit.com/r/Superstonk/comments/ovjxnx/on_otc_derivatives_gme_and_the_global_market/). They mention that they enter into [master netting agreements](https://bizfluent.com/info-8660494-master-netting-agreement.html), which are basically whales helping whales meet their financial requirements, to provide Shitadel with the ability to demand collateral as needed to cover their ass. Want to know what they used as collateral? You may have guessed it - reverse repurchase agreements, reverse repos. + +https://preview.redd.it/ghr05ft2wgi71.png?width=784&format=png&auto=webp&s=28c6628919abb69df927076bbd981d9c7eee67ed + +Shitadel is using reverse repos from large financial institutions as collateral against their short positions. Unless I am misunderstanding this, it clearly states "\[Shitadel\] manages credit exposure arising from \[short positions\] by entering into master netting agreements and collateral arrangements with counterparties." + +https://preview.redd.it/zdfplqixxgi71.png?width=983&format=png&auto=webp&s=500e60d6631de9015b11ceffea82a6e2ee6e8254 + +This blew my mind, but I am a simple ape. I stopped reading DD a few weeks ago because this ape is zen af, so forgive me if this has already been done before! +There are some common misconceptions about VIEs and the difference between the ADSs listed on US exchanges and the shares on the HK exchanges. I have seen these misconceptions spread here, on Seeking Alpha and also places like Motley Fool. So I have read in detail the SEC filing here [https://www.sec.gov/Archives/edgar/data/1577552/000104746919006309/a2240097z424b5.htm](https://www.sec.gov/Archives/edgar/data/1577552/000104746919006309/a2240097z424b5.htm) + +by Alibaba Group Holding Limited, incorporated in Cayman Islands, for their HK listing and am ready to clarify some of the BS that is being spread. + +**THERE IS ZERO MEANINGFUL DIFFERENCE BETWEEN THE HK AND NYSE SHARES.** A lot of people spread the nonsense that the American ADS's give you "a mere economic ownership of a VIE" whereas the HK listing gives you "direct ownership of the company". They then acted "shocked" that there is almost no difference between the price of the two, and act like this indicated that the market fails to appreciate the VIE risk (I saw this crap being written in a Motley Fool article). This is wrong on so many levels. Here is why: + +* **THE SHARES ON THE TWO DIFFERENT LISTINGS ARE FULLY FUNGIBLE.** You can convert each American ADSs directly to 8 HK shares. The process for doing this is listed here in the SEC [https://www.sec.gov/Archives/edgar/data/1577552/000104746919006309/a2240097z424b5.htm#de15203\_conversion\_between\_adss\_and\_ordinary\_shares](https://www.sec.gov/Archives/edgar/data/1577552/000104746919006309/a2240097z424b5.htm#de15203_conversion_between_adss_and_ordinary_shares) Note that this is *completely fucking standard* for ADSs. For example, Tencent (also a VIE) has a listing in HK and also has a very popular ADS available OTC in the US. +* **THE ABOVE FACT MAKES THE TWO SHARES FUNCTIONALLY EQUIVALENT.** The instant there is a meaningful price difference between the American and HK shares, any arbitrageur can buy the cheaper one and sell the more expensive one. How hard is that? Its just a phone call to the broker, and a trivial, approximately $500 fee. In fact, IBKR can convert many shares from ADRs to common stock on foreign exchanges *automatically*, without even a phone call. See [https://www1.interactivebrokers.com/en/index.php?f=15260#supported-adr](https://www1.interactivebrokers.com/en/index.php?f=15260#supported-adr) +* **BOTH THE HK SHARES AND US SHARES PROVIDE OWNERSHIP.** More precisely, they both confer ownership in the same company - *Alibaba Group Holding Limited*, incorporated in Cayman Islands. This is a holding company. It has economic interests in China, via contracts with certain VIEs. A VIE must be wholly owned by Chinese citizens. + +So, both the HK and US shares are the same thing. Both have the same risks. You can convert from one to the other freely. Both carry a VIE risk, in that these Chinese owned VIEs could theoretically be confiscated by the CCP, depriving the holding company of future income. Also + +* **THIS IS THE SAME FOR EVERY CHINESE COMPANY.** China forbids foreigners from owning stock in a Chinese company, so *every single fucking Chinese stock has the exact same VIE risk.* This goes for Tencent, NIO, Netease, Billi etc - under Chinese law, there is no way for a foreigner to do business in China other than through a VIE. + +TLDR - there is no difference whatsoever between HK listings and US listings of Chinese stocks. All Chinese stocks carry an identical VIE risk. You can not get around it by owning the HK stock, it literally makes zero difference, its a contract for the exact same thing and is fully fungible with the US one. + +**EDIT**: Guys - to clarify, I am not trying to say there is no risk investing in China, or that VIEs don't carry any risk. I am trying to debunk the common conspiracy theory along the lines of "the CCP can, at any time, eliminate the VIE structure and liquidate US investors in BABA, whilst protecting investors in Hong Kong". We are all in the same boat, no matter which exchange we bought the shares in, and the shares are completely interchangeable. If the CCP wipes out investors in BABA, they wipe out holders of 9988. (I also doubt they would destroy the VIE structure entirely, and kill Tencent, NIO, NTES and all the rest. They would be killing the entire HKEX). + + Since Alibaba Holdings is a core holding for Asian mutual funds (I believe I read recently that its the number 1 holding, but I don't feel like searching for the reference today), I personally think the probability of the CCP wiping out all all investors in Alibaba is very small, but that's for you, the individual investor, to decide. (This would also involve wiping out actors like Japan's SoftBank, most of whose NAV is kept in Alibaba Holdings.) +I had orders set for tsla 700 and goog 2500 but greed took over and cancelled them before opening thinking it will keep tanking. + +But obviously it didn’t and did quite the opposite… + +I’m baffled, someone please enlighten me +I think a community is a great place to start if one needs to build something powerful. I had a few ideas in mind + +1) Can we build a portfolio which has vetted by our community. A mutual fund of sorts run by reddit people here? + +2) Create our own cryptocurrency? + + + +Turns out that a lot of people have not received the interest for the period ending **31st March 2019** - which should have come in by August / September considering previous years. + +Some people have gotten a response that it is a technical glitch for *some* companies - but I want to figure out the extent. In my case, it does seem like a company wide thing + +Until you receive it - you don't get the compounding benefit as well - so it becomes imperative that you get it sooner than later. + +Have you received your PF interest for the period ending March **2019**? If you don't mind - can you also leave your company name (if it's large enough and won't doxx you)? +I have health insurance for me and dependants as a part of the company group insurance scheme (a financial services company in Bengaluru). + +Just curious it this is enough, or should I have another health insurance which I continue for lifetime? + +Someone told me to start insurance early because it'd be hard to get insurance at a late age (45-50) when I retire and this employer sponsoring stops. So better start something at an early age and continue that for your lifetime. + +P.S. Family background is fine. Everyone is in their 50s, and healthy. +Kinda wondering if there is really any point in investing in funds with expense ratio close to 10 times to that of index funds (~0.09%) and + +exit loads extending upto 2 years, when Index funds have only 15 days of exit load limit. +I'm looking to create a product offering around Term Insurance. + +Could you help me out by answering the following questions : + +1. How did you decide which Term Insurance to buy? +2. What do you look for when buying Term Insurance? +3. Would you be willing to pay for good recommendations and if yes, how much? +*NVIDIA SEES 3Q REV. $6.70B, EST. $8.38B + +*NVIDIA CITES SHORTFALL PRIMARILY DRIVEN BY WEAKER GAMING REV. + +-Nvidia sees Q2 charge of $1.32 bln for inventory and related reserves + +-Nvidia sees Q2 gaming revenue $2.04 bln; FactSet consensus $3.04 bln + +-Gross margin cut from 65% to 44% + +Text from Bloomberg article: + +Sony Group Corp. is purchasing Bungie Inc., the U.S. video game developer behind the popular Destiny franchise, for $3.6 billion to bolster its stable of game-making studios. + +The deal announced on Monday is the third significant video-game acquisition announced this month, following Microsoft Corp.’s purchase of Activision Blizzard for $69 billion two weeks ago and Take Two Interactive Corp. snagging mobile game leader Zynga Inc. on Jan. 10. Buying Bungie will give Sony one of the most popular first-person shooter games to compete with the massive Call of Duty series, which Sony’s main rival now owns through Activision. + +Microsoft is committed to releasing at least the next three Call of Duty games on Sony’s PlayStation, Bloomberg News has reported. But eventually Microsoft could decide to take the series exclusively to its Xbox console and Windows computers, and Sony may see Destiny as its response. + +Sony is a regular acquirer of video game studios, though Bungie is by far its largest of the past decade. The Japanese entertainment and technology giant typically buys less established studios and enhances them with marketing and development resources, as it did for Naughty Dog and Guerrilla Games. Sony also holds minority stakes in some bigger game companies, such as Epic Games Inc., the maker of Fortnite. In recent years, Sony has made some smaller acquisitions, notably Burbank, California-based Insomniac Games in 2019 and Finland’s Housemarque, aiming to bolster its library of PlayStation exclusives. + +While Microsoft has focused on packing its subscription service, Xbox Game Pass, full of games big and small, Sony’s blueprint is to develop large blockbusters and keeping them exclusive to PlayStation -- a strategy that helped the PlayStation 4 sell more than 116 million units, well ahead of the Xbox. + +Bellevue, Washington-based Bungie, founded in 1991, helped put the Xbox on the map with the Halo franchise and was purchased by Microsoft in 2000. In 2007, the studio negotiated its independence and spun out from Microsoft to work on its next big thing, Destiny, with Activision. That relationship ended in 2019 and Bungie began self-publishing and operating Destiny independently. + +Destiny functions differently than many other franchises. Rather than release a regular cadence of sequels, Bungie decided to continue operating and expanding the most recent game, Destiny 2. The base game is free-to-play, while Bungie regularly releases expansions and season passes full of new content. The move has been popular, drawing in more than 20 million players since 2019, according to Bungie. + + +Bloomberg Article: + +https://www.bloomberg.com/news/articles/2022-01-31/sony-buys-destiny-developer-bungie-for-3-6-billion + + +Other Links: + +PlayStation Blog: https://blog.playstation.com/2022/01/31/bungie-is-joining-playstation/ + +Bungie.Net: https://www.bungie.net/en/News/Article/50988 + +CNBC: https://www.cnbc.com/2022/01/31/sony-to-buy-video-game-maker-bungie-in-3point6-billion-deal.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +IGN: https://www.ign.com/articles/playstation-sony-buys-bungie + +Businesswire: https://www.businesswire.com/news/home/20220131005684/en/Sony-Interactive-Entertainment-to-Acquire-Leading-Independent-Videogame-Developer-Bungie + +Gamespot: https://www.gamespot.com/amp-articles/sony-buys-bungie-for-3-6-billion/1100-6500122/?utm_source=reddit.com + +Kotaku: https://kotaku.com/sony-ps5-destiny-2-bungie-playstation-microsoft-xbox-ex-1848453326 + +TheVerge: https://www.theverge.com/22910846/sony-bungie-acquisition-playstation-destiny-halo + +Polygon: https://www.polygon.com/22910849/sony-buys-bungie-destiny-2-multiplatform-playstation +Hey folks - 35 years old, technology executive recently upgraded to making about $5m in wage income (combination of cash and liquid RSUs) for the foreseeable future. Current net worth not counting primary residence of $2.5m. Obviously this is the best thing that has ever happened to me, and now I need to figure out how it affects my FatFIRE plans. + +I have long wanted to FatFire by 40, but this new upgrade makes it possible for me to do in much more serious style. Because this is wage income, the tax burden is *insane,* and because I intend to stop working pretty soon, I would vastly prefer to defer taxes on it across those retirement years. Since I am going to be retired in five years, I assume that a deferred income plan with my employer doesn't make sense. I have been thinking that a CRUT might be a good vehicle to defer taxes, but the maximum withdrawal rate to pass the 10% test is pitiful at my age - it will be less than the S&P 500 returns, if I'm doing the math right - unless the interest rate environment gets radically worse it is hard to make this make sense right now. I looked at cash value life insurance and it seems like a scam. I am interviewing CPAs, but I thought it would be valuable to discuss this with people who have succeeded at my goals. + +What are the best tax deferral options for my situation, or other ways I can adjust my posture to maximize the odds of the fattest possible FIRE? Thank you for your help! +Finding FAT FI- Like minded, loyal, and interesting friends. If you live nomadic lives (born in different country on different continent, grew up in different countries and ended up moving around in the US for training and job opportunities), how do you maintain good friendship with old friends and make new friends. 40 now. We have lived in Seattle area for almost 5 years. Everyone, although nice, is super busy at work with no time to say more than hello/ short chit chat. We all also live in different towns/ suburbs with traffic, etc. Neighbors are different age groups with college kids while our kids are younger. Nannies pick up kids from school. I really miss my old friends and I have not find a good/ best friend yet. I joined a gym for health reason and found out it’s difficult to start a conversation. I’m also an introvert which doesn’t help but I grew up with lots of good friends and I miss my high school, grad school, and training days. We have no families nearby. Old friends live in different cities and countries. On the intermediate term, hoping to move to Bay Area or San Diego. Longer term, want to snowbird in Hawaii or Florida. My best friend is my SO, but I miss having girlfriends. Any of you are doing okay with having no good friends and only have good work or business colleagues? Before we moved here from a different state, I have 2 best friends from work and many other friends from work and we were there for less than 4 years. In training in east coast, we got super closed with other trainees, had many many meals together, went to each other kids’ bday parties, but we took jobs all over the nations. Some friends from training stay in the same town/ nearby if their families are there. It’s pretty sad I think to make such good friends and lose them. My SO is doing just fine. We don’t entertain or go to peoples houses anymore; these past 2 years sucks due to pandemic. Maybe it’s pandemic related. Almost all of our friends have same occupations because we spent so much time together at work. My 2 best friends prior to moving here are HR admin who I met when I was interviewing and another bestie is my nurse from work. Maybe I should be outgoing at work to find friends. Usually peoples from the same countries or ethnicities here flock together. It’s very weird to say it but there is not a large population of people from the country I was born here: i met one tech at a different hospital and one patient from my country of birth in the 5 years here. I also grew up and live in different countries and states so I feel totally American and feel I don’t belong in certain ethnicity clique so I am not interested to go to a church of certain country/ ethnicity. I feel like an outlier sometimes. In college I wish I was of certain ethnicity groups so I could belong and have large group of friends. Didn’t matter in grad school and beyond tho. Any advice? +For the fat folks in here who have theater rooms in your houses, what gear do you have in there? + +I want everything from high end projectors or big latest and greatest wall mounted tvs, audio, furniture, everything. +I've done quite a bit of research into this structure that seems to be universally hated here on fatFIRE, and my sense is either I'm missing something or the community is. Can we take a look at my specific use care that I'm considering structuring with private placement life insurance (PPLI) and have something show me what I specifically got wrong with it without using terms like "don't mix investment in life insurance" or "this is just repackaged VUL" - - instead let's use the real numbers that I have received and show me what's wrong with it? + +My use case: + +\- I am a startup founder and have two assets I want to optimize: + +1) Pre-IPO stock from my last company that still has a reasonably low 409A and a very high chance of being worth something + +2) Founder stock in my new startup. My 409A is very, very, very low - sub 1 cent per share. I estimate my stake will ultimately be a mid-8 figure outcome. Let's pretend for the exercise that this is a fact. + +My financial goals are to eventually use the proceeds of these two positions to invest the market and live off the proceeds without touching the principal + +When modeling large gains, QSBS becomes immaterial very quickly, and it's quite possible that I will be acquired before QSBS takes effect anyway. So another founder suggested I check out PPLI. + +&#x200B; + +**Basics that I understand from talking to several lawyers:** + +\- I can get the above startup stock inside a policy + +\- once there, all assets in the policy are tax free - they grow, can be bought and sold, etc. + +\- The proceeds from the startup exits will not be taxed and can then be invested in virtually any assets under the sun - crypto, hedge funds, private equity, VC, equities, debt, maybe even real estate. This is the "private placement" part of the policy + +\- From here, you can withdraw up to 90% of the contents of the policy with a loan at a fixed interest rate of 25bps - - and these withdrawals are thus tax free + +\-When you die, your heirs get the balance of the plan tax free at a stepped us basis. If the policy is owned by a trust, it also avoids estate tax. + +\- the plan maintains a de-minimis amount of actual life insurance which is acquired at wholesale rates + +**My real example:** + +\- I contribute my startup stock into the plan today at a low basis + +\- Stock sells for, say, $65M and no taxes are paid since it's inside the plan + +\- The plan invests $65M in whatever I want (you don't have "direct control" but wink wink you have a lot of influence in what is chosen) + +\- Each year I take out say $2M in the form of a loan that I don't pay tax on. The assets continue to grow untaxed and your loans accumulate + +\-Over decades the 25bps per year you're paying for the loans doesn't compound to anything close to what the tax dent would be + +\- The cost of maintaining the structure each year - cost of the life insurance, fees, and the money manager who is managing the portfolio - come out to 1% of assets or less. This number is also immaterial compared to the tax savings. + +\-When you die the policy balance pays off the loan balances and your heirs get everything left tax free. + +&#x200B; + +The cost of setup is $75-$150k - the big window being whether I want to sell the plan options (which costs money to structure) instead of my actual stock so that I can keep voting rights. + +&#x200B; + +**The alternate:** Pay state and federal taxes on $65M = $43M. Now you're investing "only" $43M per year, and you pay taxes on all the gains + +&#x200B; + +What did I miss? Thank you!!! +Everything is clear to me since. + +It seems obvious now that DeFi is a bubble. Everyone is trying to lure you away from Bitcoin with exceptional return rates, it feels so shady (I'm not naming any specific altcoin here, but you can all guess it).  + + +Proof of stake make no sense. A currency itself doesn't need to give interest. I was feeling forced to stake to get interest or else I will get punished with inflation. So everyone are locking their coins in custodial exchanges so they can stake for them. Cryptocurrencies on exchanges can't work! It can get cornered by governments and even shutdown. + +Their systems is flawed and a messy catchall. The systemic risk in the ecosystem is insane and poorly reflected in the price. There is so much things that can turn out wrong and it can burst at anytime. + + +DeFi is cool sure, but altcoins are at best testnets for the Bitcoin second layer. Everything of value that altcoins offer can and will be built on top of Bitcoin. Cryptocurrencies are not tech stocks! + +Bitcoin itself just need to be secure, private and decentralized. Keep it simple! It makes much more sense that institutions and decentralized projects will use the Bitcoin infrastructure. Thus, making altcoins completely obsolete. +In my circles, almost everybody is saying that crypto world is, at best, a big bubble, and it would burst soon. At worst, it is the biggest Ponzi scheme ever created in the history of humanity. Every cryptocurrency has only one aim: To fool millions of people all over the world and take their money. I don't try to convince them, don't even start any discussions. I just smile and change the subject. Why? Because all these things look like deja vu for me. + +I am in my mid-forties and worked as a developer for several companies, including those that are well known today. I also owned some shares of blue-chip tech companies. Everyone around me, including those who claimed to be experts, told me that the Internet was just a bubble, nothing more. And then dot-com bubble burst. I made a decision to stop holding the stocks and sold them. Now it is impossible to assess how much money I would have gained in case I had not listened to those experts and continued holding the stocks... After many years I ended up in the same situation. And now, since I have become a more experienced individual, I am not going to listen to the advice of fools trying so hard to look knowledgeable. I am not going to repeat my mistakes. + +I started trading about two years ago. I bought several cryptocurrencies and kept holding them despite market fluctuations which sometimes were tough. Of course, I modified my portfolio, disposing of garbage and buying promising cryptos. All of my surroundings were desperately screaming that I would lose my money and I had to cease to play Russian roulette. Bubble, bubble. bubble... Bubble, bubble, bubble... While trying to convince me, my friends and colleagues became obsessed with this word. Mass media started spreading the rumors about regulation, institutional investors, especially greedy bankers from Wall Street who are guilty of 2008 financial crisis, threw balls to the wall so that cryptos became less popular. + +And I still continued to hold. The entire world tried to convince me to sell, and I still continued to hold. And now I can say that it was a successful strategy. I bought several major cryptos like Ether, Ripple, Iota, Litecoin and some unpopular and emerging tokens like Xaurum, Primas, and Ties. I used the experience I received during the dot-com boom, and it helped me to be patient. I cannot say that I became wealthy enough to hit the Forbes rating, but I gained pretty much money. + +While other investments are becoming less and less profitable, crypto became the only sphere where you can gain a lot of money. It is time to pre-empt our seats before others have understood where the pot of gold is hidden. Blockchain is the technology that is already revolutionizing the world. And it is just the beginning. I have no doubts that this industry will show significant growth. I have no intention to test my nerves and don't want to trade. I am going to be in it very long time. And I will be successful. No, not just me. We will be successful. + +Okay. This is extremely messed up. I just checked my Binance as a daily routine and noticed i'm missing 1.7 Bitcoin. I live in Orange County, Southern California. This is my life savings. + +According to the IP address, somebody from the UK just withdrew/stole EVERYTHING from my binance. + +The last time I withdrew something was on 1/10 from a bitcoin machine in Corona Orange County out of an Bitcoin ATM machine.Check the pictures attached on imgur. + +How the hell did this happen if - I had 0 verification email sent to me for withdrawal which should be sent. -I use two factor verification. + +1)https://imgur.com/kjNLfD9 2) https://imgur.com/QnOH8n4 3) https://imgur.com/5ibJ2X8 + +Edit: Holy fuck. I checked my history it says I visited this site. +https://imgur.com/jyyaWAE + +Binance.us.com + +Even though I visited this site, how did I get no email and how did they get past my google authorization? + +Edit #2: Hey guys it seems like this is a lost cause. I dont know what to say at this point I put my lifes savings into this and that is really a dumb mistake. My Life is going to be very difficult starting from now. I hope at least you guys can learn from my mistake. Love you guys thanks for the quick responses. +I really have no knowledge of the stock market. I have over a 100k in the bank. I do however want this money in the next couple of years to buy a house. + +Should I just walk in the bank and ask to invest in mutual funds or EFT? Should I go on questrade and invest myself? + +Any advice is appreciated. +Hi there, + +I'd be very grateful for any advice regarding the deployment of the following capital (listed below to the best of my knowledge): + +&#x200B; + +||Approx. Amount|| +|:-|:-|:-| +|**Basic Accounts**||| +|NS&I savings account:|£4k|| +|YBS "Egg" High Savings Account|£10k|| +|Halifax Instant Saver Account|£5k|| +|Barclays Current Account|£14k|| +|**Cash ISAs**||| +|YBS "Egg" Cash ISA|£4k|| +|Barclays Instant Cash ISA|£4k|| +|**Investment ISAs**||| +|Halifax Investment ISA|£16k|| +|Barclays "Cash in Investment ISA"|£4k|(haven't yet been able to verify if this £4k is the same £4k as mentioned in "Barclays Instant Cash ISA" above)| +|Barclays Investment ISA|£2k|(i.e. 3x arbitrarily chosen stocks)| +|**Other Investments**||| +|2500 x Barclays Shares|£4.5k|| +|225 x Royal Mail Shares|£0.5k|| +|Premium Bonds|£10k|| +|**Total**|£78k|| + +&#x200B; + +My relative's situation is roughly as follows: + +Middle aged. Zero income (long-term). Very low overheads. I think the basic objective here should be to grow a large portion of that £78k over a 10+ year time horizon. I don't anticipate heavy drawing requirements from much of that £78k within the next several years. + +One early observation I have made is that Barclays are charging £4/month in fees for one of the items above - potentially the "Investment ISA". This is certainly one obvious leakage I would like to put a stop to. + +Many thanks indeed in advance for any help at all. +Not sure if this is an appropriate post for here but wasn’t sure where else to go at present. My brother (22) recently racked up about £5k debt I believe across multiple credit cards that he struggled to manage and ended up coming clean to my dad who bailed him out and cleared the debt, setting up a monthly payback agreement with him of £250 a month until it’s gone (which my dad sorted straight away but was obviously unimpressed). This was about 6 months ago. + +My brother and I live together however he’s at his girlfriends house 99% of the time. A few months ago I noticed he was getting more mail than normal, which I’d let him know about and then just leave it in his room to collect when he was back. At first I didn’t think much of it but the mail keeps coming weekly and looks quite official. He assured me it was probably his previous card companies trying to send him deals or updates. I’ve never opened his mail but yesterday got concerned he was getting into debt again and used a torch to try and make out what was inside. + +It turns out he has at least two new credit cards, both with debt on and at least one he is in arrears with. I’ve told him he had more mail and that I could see a DD logo through the clear window to which he said he just has one card he’s paying off, which I know is a lie. + +What should I do in this situation as I don’t want to get involved or cause drama, but also feel bad just leaving it. I’m 25, good with money and can’t understand why he’s done this and how he’s going to get out of it. TIA! +I'm in no way complaining. I know im very blessed to be a homeowner, especially with this houising market. But, It doesn't hurt any less. +I just paid 8,000$ for a brand new HVAC system that should last me 15 years minimum. The previous one was almost 18 years old and ran it's course. +They offered a payment plan but with interest attached. I decided to pay it in full so it won't be hanging over my head. It was hard, and it hurt my heart. +My take home is only 2,500$ a month after taxes. My savings is not where I'm used to it being. Adulting sucks. +I’ll be in a great position after this year. I’m 33, wife is 32 and we have a 1.5yr old and a baby on the way. Over the last two years my NW as exploded from 500-700k to 4.5M and counting thanks to the bull market and crypto. I could keep running with the money by purchasing a larger partner’s share of my firm but I’m feeling burnt and seeing older family members pass away this year, have come to realize the unexpected brevity of life. My yearly expenses are small, ~100k. So realistically I could probably retire this year and live a fairly comfortable life while still watching my NW grow, just not as rapidly. My goal has always been 5M but recently moved the goal post to 10, anticipating possible lifestyle creep like buying a bigger house to better accommodate the kids and possibly entertaining extended parental stays. + +I’m beginning to wonder if this will continue to happen as I attempt to mitigate one serious gate to a higher risk tolerance life for my kids. I come from a family that was upper middle class as a young child but lost everything when my dad had a stroke and could no long work and my step mom got breast cancer all at the same time. Basically fell into poverty from there and imbued in me a hurried, always-on-the-go survival instinct that also made me risk averse, which I ardently worked towards changing. I want to slow down now but don’t want to give up too much upside or have my money dwindle and regret not working until at least 7-8M. + +For those who have been retired for some time now, how have you felt about your money? When things went belly up in March, what thoughts went through your head? How’d you stomach the drop in the moment? And did you recalibrate because of it? On the topic, did you change your portfolio allocations in retirement? Or have you continued to invest aggressively? +Hello everyone. + +A close relative wishes to gift me roughly 150k dollars from an account they have in Switzerland. + +How does this work in the UK? +Do either me or the relative need to pay tax on the gift? +Do I need to declare I received the gift? + +By the way I heard about that if the gift or dies within 7 years there may be inheritance tax. It is unlikely they will die in 7 years. + +Thank you. +My brother and I started our day trading journey a couple of years ago. We had a strategy that was working but doesn't anymore. We have been trying to find a new strategy for the past couple of months to trade on the 5m but have struggled to find a good strategy, even ones that we tweaked or came up with on our own. At this point we really just need a profitable strategy. Are there any kind Reditors that are proftiable day traders that would be willing to share their strategy along with a trade log or proof of it's profitability? +24 Year Old Male - At what salary is private health insurance worth taking out? + +Backround: Healthy 24 Year Old Male, with no pre-existing or chronic health conditions. + +Looking at minimising the tax I pay towards the medicare levy - Currently earn $120k inc. super. + +I've never held private health care, and I've never been listed on my families as they have never held private health insurance. + +If someone could provide some general advice for someone in my position that would be great as I'm not exactly sure if it's worth it, and if it is what package would be worth it (i'm assuming the minimums). + +The only things that I would use on private health insurance would be; + +* Dental (General); +* Physio & Massage. + +Much appreciated. +I have been mostly using Uber but from time to time this can get very expensive for trips farther away like hospital appointments etc. + +Sometimes I can easily spend up to £200 a month, which feels like a lot. + +I am wondering if I should buy a car and use that but would need to take into account all costs like insurance, petrol, maintenance etc. + +I use the train to commute (but wfh atm) and so I am only interested in the running costs for folks that do not use their car for commute (or exclude the commute cost). + +Edit: lets assume my budget for the car itself is £5-10k which I am assuming is good for a recent reliable car, e.g. used Polo + +Do you see what I see?: + +* Gherk’s personal view on DRS - unchanged for many months + +* Gherk’s channel is monetised - unchanged for most of this year + +* Gherk releases DD in November that includes how options could trigger MOASS .... + +Since his DD was released: OmG hE iS moNEtiSed aNd wONT drS HiS sHaREs hE Is a sHilL + + +Gherk has been a constant contributor to this community and is suddenly being attacked by a small but ***very very vocal group*** of users on this sub ***on the basis of points that have been well known —- and publicly and loudly acknowledged by himself —- for a long period of time***. + +The only change Gherk has made is his new DD. He is clearly onto something with his new DD. + +Leveraged retail via options are a significant threat to hedgies. + +Edit: typo +The advantage that the current system has over Bitcoin is that it's idiot proof. Bitcoin are only useful to nerds, to the rest of humanity they are sadly too risky. This is not an issue that is truly *impossible* to remedy, but it is nonetheless a big issue, and it remains to be seen whether it will be solved. + +Let's walk over the problems, shall we? + +-Grampa install a new screensaver he found in his email inbox, from an email address he doesn't recognize. The next day he notices his Bitcoin have been transferred to an address he's unfamiliar with. His life savings are wiped out, and Grampa goes back to fiat currency. + +-David has all his money stored on his computer. On a Friday night someone breaks into his home, starts up his computer, transfers all his Bitcoin to his own account, and leaves. The money is gone, and David can't pay for anything. David goes back to fiat currency. + +-Stacey simply forgot her password, and frustrated goes back to using fiat currency. + +If Bitcoin is going to work, you're going to have to figure out a way to make it safe for people other than men who have their hair in a ponytail and work in IT departments. The reason more people are not jumping in right now is because they realize they're too stupid for it, and they're also afraid of looking stupid to their peers if it doesn't work out. You have to be a nerd to understand it, and the one thing nerds are bad at is figuring out how to include non-nerds. + +So, the solution *might* be online wallets, run by central institutes that figure out how to prevent idiots from losing their life savings, prohibits them from withdrawing or sending more than 1000 dollar worth of Bitcoin a day, calls them up when someone tries to withdraw large amounts, and if things *still* go wrong, is willing to pay out to people who lost their savings. + +The problem is that online wallets have a bad reputation among Bitcoin users, because we only hear about them when they get hacked and everyone who stored more than 50 Bitcoin loses his money. These online wallets are not safe, and with so many scandals it will be incredibly difficult to convince Joe Sixpack to put his money on an online Bitcoin account that prevents him from sending 50 Bitcoin to Satoshidice when he's drunk again. + +Hence, my question to you is: What should be done about this? Can this issue be remedied? Bitcoin would not be the first time a good idea fails to work out because it's too difficult for normal humans to use. +I received a letter from HMRC today saying I owe them £625.10 for a "Universal Credit advance payment". It says the date of advance was 30 April 2021. + +I have never claimed Universal Credit (and neither have my parents) and I wouldn't even be eligible for it considering I have a lot more than £16,000 in money, savings and investments (as well as the fact that I am not on a "low income"). + +I checked my bank account and did not receive any funds from HMRC on that date, but I received my monthly salary from my employers. I checked the payslip and nothing out of the ordinary there. + +I'm planning on calling HMRC on Monday because clearly, I haven't received this money but I just thought I'd check if you guys have any ideas on how it could've happened and any steps I need to take here (could this have been fraud?). + +Just was a little nervous considering I've never even borrowed money to have any "debt" and have to wait a couple of days just to find out. + +EDIT: A letter from DWP, not HMRC +This selloff happened a few days before Labor Day for a reason. So that investors could establish a hard reset over a three day weekend. Market Makers and big fund managers took note that the market topped off beyond previous highs and saw this as a good time to take profit. This began on a Thursday as big money was expecting others to do it on a Friday. Some sold ahead of others. And once one Market Maker controlling hundreds of billions of dollars begins selling, it is hard to keep it a secret. The trading algorithms pick up on this quick! Others fund managers followed suit and quickly established short positions. The afternoon pump you saw today was shorts covering their short plays and folks buying the dip. In many cases if you were already in a solid consistently profitable and undervalued growth company sitting on support, you did not see much of a drop. This was the case for companies like SUM and others. Look around at the companies that ended green. Look for anomalies and ask “Why?” I predict that market makers will use this as an opportunity to buy the dip they created while retail is afraid to enter. + +On the penny stock front we need to remember that pennies are overwhelmingly played by retail traders and shady fund managers. Some penny traders took out their penny stock money to average down on their normal securities. Some panic sold assuming the pennies would drop with the market. Others established short positions adding increased selling pressure. In short, the panic spread to the penny market. There have been some rumors that some fund manager is to blame. This is just speculation that gives penny traders and paid penny alert services someone to point the finger at. Everyone looks for someone to blame in the high stress penny stock world. + +To know and understand how to profit from Market Maker manipulation see number 9 [HERE](https://www.reddit.com/r/pennystocks/comments/hcja2q/the_ultimate_quick_resource_for_the_amateur_trader/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf). Please understand that this is normal and regular and happens all the time. The market is 80% algorithmic trading run by Market Makers. The market goes down when they take profit and this happens multiple times throughout the year. So as long as you buy quality value growth companies on support and maintain a solid chunk of cash to average down, you can mitigate a lot of the risk. In fact you can be up 0.40% as I was today. + +If you lost money today learn from it. Explore the telltale signs and the timing. Review the securities that seemed to do well and ask “why?” Securities that ended green today should be easy enough to find and they’re green for a reason! You can learn a lot from this process. God bless and safe trading. + +EDIT: Another thing you might want to know for future reference, and this does not always work and can be dependent on market conditions, but three day weekends are prime for Friday penny stock short squeezes. Particularly amid deep Friday market sell offs. Three day weekends are renowned for processing deals, paperwork, mergers, planning buyouts, finalizing news, and acquisitions. No trader wants the risk of holding a promising penny stock short over a three day weekend! Imagine losing more than 100% of your short position by the first few seconds of opening 4:00 AM pre market trading the following week. It’s suicide! +Why is Cardano more popular than XLM? + +The answer is simple: marketing. + +Many people dont even know that XLM already has smart contracts and NFTs for some time. + +At the same time most people know that Cardano will have smart contracts in the future. + +Cardanos strength is not its features, it is marketing, Charles Hoskinsons biggest strength is advertising upcoming promises and features. + +At the same time the Stellar (XLM) Foundation is very quiet about promises and advertising their crypto, while actually delivering on these features. Did you know that the literal country of Ukraine has picked them to help build their national digital currency? + +If it would have been Cardano, you would hear that being hyped up for the next two years, while most people are not even aware of XLMs international partnerships. + +I have nothing against Cardano or XLM and am bullish on both, but this hypocrisy needs to be mentioned. +I want to be able to do something like a direct deposit type of investment and then be able to pull from it in a couple years. Specifically this would be going toward my bachelors degree, as I am in my first year of college now and have paid for the next 2 years for my associates degree. However once I have that degree my funding stops and I will need whatever money I can find for the 4 year degree. Thanks! +I think the only tangible way of measuring the value of a unit of currency is how much of someone's time you can buy. So if you have $100, and the average hourly salary is $10, you have 10 hours of someone's life. I can't see how any other valuation of currency makes sense. At the end of the day anything with any value has it because someone has spent time on it. + +I've tried arguing this point with a lot of people, and they've always said 'oh that's the labour theory of value and its been disproved', but how the fuck did that happen? I mean it makes sense doesn't it? +I've heard this repeated as though it were the truth by many people on all sides of the political spectrum, but I would like to see hard evidence in favor of this statement. + +The counterexamples I can think of is that the US had a higher growth rate in the 50s and 60s with very high tax rates. And, more recently the 1990s had higher growth than the 2000s, even though the Bush tax cuts of 2001 and 2003 were put into place. + +Note: you can see the real growth rate from 1947 to present [here](http://www.tradingeconomics.com/Economics/GDP-Growth.aspx?Symbol=USD). +So I kept hearing about people called ***Serial Downvoters*** but didn\`t take it to seriously. Im usually on reddit on my mobile phone, but when I was browsing r/CryptoCurrency on my laptop, I noticed u could see the % upvotes on a post. + +As I was a little bored at the moment of writing this post, I thought '*Well lets see if Serial Downvoters are actually a thing*'. And guess what, they seem to be... + +From the subreddits mentioned below (see the table) I took the average percentage upvotes of the top 10 posts on 23-4-2021. I first compared r/CryptoCurrency to other crypto-related subreddits, as the content is mostly the same. I found the percentages of upvotes on other crypto-subreddits to be way higher. + +Then I thought '*Well thats not really fair, because our community has moons*'. So I also compared us against r/FortNiteBR and r/ethereum. Unfortunately, I found the same results. + +The percentage of people downvoting in our community is significantly higher than in other crypto/community points driven subreddits. The downvote rate is on average **4 times** higher! + +**(Keep it mind that these numbers are made with posts that have already reached hot, the % downvotes on posts in fresh is much much higher!)** + +Don\`t get me wrong, this is not a whine post targeted at the Mods that they should remove downvotes or whatever. The Mods are doing a great job. This post is targeted at the community. + +I fear that many really well written and informative posts never make it out of fresh because of these groups of downvoters. I want to ask everyone who takes the time to read a post and finds it either helpfull, informative or just a good post in general, to **NOT FORGET** **TO UPVOTE** it! And counter what the downvoters are doing. + +Help those well written and informative posts get out of fresh, so many more people who might enjoy and be helped by them get to see the posts in rising or even hot. Oww and to the people downvoting everything to 'get more moons', u guys are pathetic. + +&#x200B; + +|Subreddit|Average upvotes|Each 100 votes consist of| +|:-|:-|:-| +|r/CryptoCurrency|88 %|12 Downvotes| +|r/Vechain|98 %|2 Downvotes| +|r/cardano|97 %|3 Downvotes| +|r/dogecoin|96 %|4 Downvotes| +|r/FortNiteBR|98 %|2 Downvotes| +|r/ethereum|96 %|4 Downvotes| + +**EDIT 1: I would like to ask everyone to read the ENTIRE post before commenting. I see a lot of comments saying the downvotes are because of horrible advice/shitcoins/dogecoin/self storys, but the % are based on posts from hot, not those 'shit' posts. Just go to any given post that is a guide for beginners, very well written and full of info and check the average % of downvotes.** + +**EDIT 2: I also see alot of comments saying it is because we are a much broader subreddit than coin specific subreddits. I agree on this point and definetly get what you are saying, but have you ever posted something? Sometimes I post something that takes at least 5 minutes to read and im at - 5 votes within 5 seconds of posting it. Either they read really fast, or they are just scrolling fresh and downvote whatever is posted. And again I ask you to check the % on very informative posts made by the community for the community, just see for yourself.** +https://www.businesswire.com/news/home/20201014005947/en/ + +> Fastly, Inc. (NYSE: FSLY), in fulfillment of its obligations to promptly file a resale registration statement on Form S-3 in connection with its successful acquisition of Signal Sciences on October 1, today announced preliminary revenue results for the third quarter ended September 30, 2020. On October 28, Fastly will release full third quarter 2020 financial results, along with fourth quarter and full-year 2020 guidance, which will include revenue from Signal Sciences. + +> Fastly now expects third quarter 2020 total revenue of $70.0 to $71.0 million, compared to its previous guidance of $73.5 to $75.5 million. All previously issued third quarter and full-year guidance that Fastly disclosed in its second quarter shareholder letter and related call on August 5 should not be relied upon. These preliminary results and the withdrawal of the previously-issued third quarter and full-year guidance reflect the following customer-specific factors: + +> - Due to the impacts of the uncertain geopolitical environment, usage of Fastly’s platform by its previously disclosed largest customer did not meet expectations, resulting in a corresponding significant reduction in revenue from this customer. +- During the latter part of the third quarter, a few customers had lower usage than Fastly had estimated. +Our family trust has a 16 unit apartment complex in WA state with a loan for about 50&#37; of the value. Our loan is maturing in November. Due to elder abuse my father has bad credit. Our current lender refuses to renew. We need a new lender but the private lenders seem to be 10&#37; interest or above. That is insane. Do we have a different option? Should we try to go with a commercial real estate broker? Should we swap for a lower value property? Who can we talk to that is not a shark? Thanks for any help. +Hello, + +I am a beginning real estate investor who's first purchase is a single family home 1250sq ft built 1925 in central Illinois. For 17k cash in February 2021. + +After a few months of light renovation. New central AC, Furnace, Dishwasher, Gas range, Garbage Disposal, new carpet in bedrooms, new insulation, ceiling fans. Updated plumbing and electrical. Paint touch ups. New baseboards. Put in about another 13k with travel expenses. (I live in Florida) + +So 30k invested. Was rented out within 24 hours for 1k a month about 200 above the market price for the area. + +My intention was to generate some cash flow while I market the home for sale as an investment property. + +I currently have it listed on Roofstock for 80k. Had it listed about 3 months ago. Started at 100k. No offers yet. I would rather sell sooner then later. Does anyone have experience selling through roofstock? I still feel zillow reaches a broader audience and might be a better option. + +Note* i did not do an inspection or appraisal. It was owner occupied when I purchased. Roofstock contract does include inspection contingencies. + + +*UPDATE* +BoA doesn't doesn't do HELOC on investment Properties. Now looking towards a local lender. + +Thank you +As the media basically follows reporting trends in a horse blinder instead of thinking big picture, I've been wondering about something that I haven't seen covered: + +Why is this a sellers' market? Housing prices are inflated, interest rates are up, sellers aren't paying closing costs, and buyers in many markets are even having to pay appraisal gaps and do other wildly irresponsible things like forfeit inspections to be competitive with offers amid a low inventory environment. + + +And where are these sellers going? Surely they'll then face the same nightmare right after they sell their home and go to find another. + + +In any rational world, buyers would have already been turned off and sellers would have to give in a little on what can be controlled, like paying closing costs, etc to find ways to keep prices affordable for buyers. But that's still not quite happening. + + +Maybe it's a signal that Americans just aren't that financially literate. Maybe it's a sign of the wide income disparity in this country. + + +How do I have mortgage brokers and real estate agents offering to lower commissions yet I don't have sellers offering to do something that used to be common like pay closing costs? + + +My guess is that inflated rent is forcing many to dump most of their savings and cash into purchasing a home fearing a never-ending rent increase, but apart from that it just doesn't make sense to me to buy something that is not only at an elevated price but literally none of the previous concessions and assistance that we've been used to are being satisfied. + + +Serious question: Why are buyers even trying to buy right now and why is this a market where the sellers still have an upper hand? While I get it, it still all sounds counterintuitive to me also. +I use Wells. Seems ok, but i didnt give any thought into choosing the right bank for my real estate business accounts. + +What should i be looking for and do others have strongly held opinions that i should be considerring? +Living in CA isn’t the most ideal location to buying rental properties. It’s not landlord-friendly and the cost to buy a property is getting out of control. I read a lot of posts from people in other states buying rental properties in the $200-$300k and generating cash flow left and right. I’ve had my fair share for OOS investment, and it’s not my cup of tea. + +I would like to find how CA real estate investors grow their rental portfolio after having their first rental. + +Do you cash out refi and get 75% LTV and use that equity to buy another property? I feel like doing that will add more debt to your rental. Is that your strategy? + +Do you House hack and save to buy the next property? This means you move after X number of years and repeat? + +Feels like it’s very challenging to grow your rental portfolio in CA so would like to see what others have done in the past. All info provided is greatly appreciated. +I did a bit of research and I get the general feel that most people thinking about flipping are in waaaaay over their head. And I may be but I'm single, no kids and have lots of free time and hoping I can convert some risk and money into more money. Yes, I know that's way easier said than done but wanted to get that on the table. + +A friend of mine and I both work for a construction company. He is our project manager so knowing what it takes to get a job done is literally his job. He just remodeled his own house and added a bunch of equity. He knows lots of people in every sort of trade that helped with his house and could potentially help with another.. But he is broke, his wife doesn't work and he has 2 kids so his money is tight. But I on the other hand am single, I also work for the company. I'm the delivery driver but I know how to finish drywall, paint, do basic framing.. Well we were talking the other day and decided between our situations, we could flip a house. I take all the financial risk (mortgage and expenses) and he would handle more of the gameplan side of things as well as finding help. As well as obviously both of us putting in as much labor ourselves as possible. (We'd basically plan on being there every evening and weekend until it's done). Also as a side note, we can borrow things like paint pumps and such. + +So the problems. Biggest one is I've never bought a house. I've always rented. Yes, I know I need to solve this problem but I have very cheap rent and honestly am hoping if we can make some money on a flip, I can look at house hacking next. I'd do house hacking first but my friend is less interested in helping with that as it wouldn't gain him anything and also if I did that first, I'd have two mortgages at once (hacked place and flipping place) which isn't something I want right now. + +Also I don't have a bunch saved up. I have $7k saved up. And for what it's worth, I have a $10k emergency fund which obviously I won't use unless.. well... this turns into an emergency. + +So I guess my questions are, is this a terrible idea? If not, can someone give me an idea as to the process once we find a good candidate to "flip" + +Oh, lastly I should say, for our first flip, I'm not wanting to do anything crazy. New flooring, paint the walls and/or the exterior and that's about it. I'm not thinking about finding something that needs 10's of thousands of dollars dumped into it. Just something we can invest like $5k and make like $20-30k or something like that. Appreciate any advice. I know I don't know much. Been trying to research but not finding the information I want. +Curious to know if anyone has real estate investing experience as far back as the 1980s. Wondering if anyone can shed light on what the rental market was like back when interest rates were over 16%? + +I imagine rentals were in high demand as people struggled to afford buying a home with high interest rates, but were there other factors like unemployment that kept landlords up at night? Were there unexpected opportunities that came up as interest rates rise? +Some of recent dividend risers. Hope, it's useful for ya. Especially for those playing long. + +* Verizon Communications (NYSE:**VZ**) bumped its dividends 3% higher to almost $0.57 per share. + +* Royal Caribbean Cruises (NYSE:**RCL**) has lifted its quarterly payout by a robust 25% to just under $0.38 per share. + +* Avago Technologies (NASDAQ:**AVGO**) has lifted its quarterly payout yet again, raising it by 5% to $0.42 per share. + + +If you know any other companies with great dividends, you're welcome to share under this post. GL! +# I. Introduction + +Sorry for the wall of text - but if you are serious about trading **please read through this -** I think you all could really benefit from a bit of intermarket analysis - and I see way too many victims of ignorance here who could prevent their losses by understanding these relatively simply concepts. + +This sub is primarily focused on IWM names (Russell 2000/Small Caps). If you look at that stock - **it's been sideways for almost a year**. No secret you all have been losing tons of money as of late on your favorite names (Except MVST - nice one there). + +In my eyes - for the best probability of success - you always want to be playing the names that are within the strongest index at the time (or simply playing the strongest index itself). I determine which is the strongest via charting plus some simple intermarket relationships. + +Last year during the recovery we got a huge **everything rally** \- that is not usually the case. Money constantly rotates from sector to sector - this is how it usually is - and how it's been for most of 2021. For instance - notice today (8/102021) tech is dropping while financials, materials and other inflation camp names are pumping. This is one of many useful correlations. + +# II. The Indices + +The indices are large groups of stocks lumped in together that usually move in unison. Most of you probably already know this. I'm just going to list out what each index is and what it focuses on. + +**S&P 500 (SPY, SPX, ES)** + +*from Wikipedia* + +"The Standard and Poor's 500, or simply the S&P 500, is a stock market index that tracks 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices." + +Basically a compilation of most large caps in the United States. Great gage of overall market health - and sort of a cross between the other two large cap indexes (Nasdaq 100, Dow Jones). + +**Nasdaq 100 (QQQ, NDX, NQ)** + +*from Wikipedia* + +"The Nasdaq-100 is a stock market index made up of 102 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock market. It is a modified capitalization-weighted index. " + +These are going to be mostly your large cap growth names (tech stocks) - but there are a few boomer names in there. Just more heavy on the growth side than the other indexes. + +**Dow Jones Industrial Average (DIA, DJIA, YM)** + +*from Wikipedia* + +"The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a price-weighted measurement stock market index of 30 prominent companies listed on stock exchanges in the United States." + +These are going to be your "boomer" names - I like to call it the boomer index. Value, materials, healthcare etc. Not really any growth names in there (except AAPL, CRM I guess). One thing I like to note is that **all the names in Dow Jones are present in the S&P 500 - the Dow is the most closely correlated index to the S&P** (about a 0.92 correlation iirc). + +**Russell 2000 Index (IWM, RUT, RTY)** + +*from Wikipedia* + +"The Russell 2000 Index is a small-cap stock market index of the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group." + +These are all your small cap names. There is also a Russell 1000 and Russell 3000. Notice how many more companies are in here than the other indexes. This one isn't going to be moved by one or two stocks. Small caps usually benefit from risk on environments (they are perceived to be riskier) - but note the more speculative growth ones will lag in those situations. + +These are also **meme stocks - pretty much every single one is in a Russell Index.** If you are someone who likes to play memes - you always want to watch IWM. When this one is popping off is when they will be making a run. + +# III. Risk On vs Risk Off (Inflation vs Deflation Camp) + +Moving onto more practical applications of this information. I could do a section on Forex, Bonds, etc. - but honestly you only need to know what they are to apply the analysis that I do. + +The primary narrative driving the market in recent times is whether we are getting inflation or deflation - and this has dictated the flow of money. + +**Risk On (Inflation Camp)** + +Risk-On is described as a rotation from save haven assets into riskier assets. If market participants believe in high inflationary pressures, they will want to invest their cash into **"risk" assets** including, stocks, real estate etc. to combat the residual effects of inflation on their money. Additionally, they believe we are now in a rising rate environment (rates already at zero, likely to increase in the future), which would help benefit **value stocks, financials/banks, energy, specific forex/currencies**, anything that benefits from low rates (currently). + +More specifically, **banks benefit from a gradual steady increase in interest rates.** Banks make an interest rate spread on deposits received versus money lent. In a rising rate environment, they are able to pay lower interest on their deposits and make a larger spread on their loans. + +Commodities, materials (energy), and consumer/defensive stocks **benefit from inflation** as they are able to pass on rising costs to consumers. Additionally, value/defensive stocks typically have a strong track-record of recurring dividends and share buybacks to provide yield to shareholders. Conversely, in later stages of rising rates, investors may divest from growth or tech stocks because rising rates have a direct effect on liquidity and cost of capital. **When rates are high, debt is heavier and money is more expensive.** + +AUD/JPY is an easy forex pair to watch for risk on movements based on the Australian economy in relation to Japan. A**UD is seen as a "risk" currency**, whereas **JPY is seen as a "safe haven"**. When AUDJPY is increasing, typically this is a sign of "risk-on". This is only one of many pairs to watch for in Forex Markets, considering Forex Markets are much larger than the stock market. + +Remember, in the early stages of inflation, small caps or tech stocks will perform well because the negative impact of inflation on sitting in cash; however, if the federal reserve is required to combat hyper/stagflation worries, they will raise rates and growth or tech stocks may perform poorly in that environment. Furthermore, **Dow Jones Industrial Average (boomer)** names will usually outperform, and investors today may be pricing-in this effect. + +Equities as a whole will generally do well in a risk-on environment. Stocks are considered a hedge for inflation, but watch-out for JPOW and his antics later on. + +**Risk Off (Deflation Camp)** + +This is the opposite of risk-on. Money rotates out of risk assets into safe havens. People in the deflation corner believe inflation is transitory, asset prices will decline, and virtually **assume the Federal Reserve won't have to raise rates**. In low inflation or deflationary environment, money flows **to safe haven assets out of risk assets**. Participants would hoard cash (increasing in value) and wait for asset prices to decline. They would invest in **bonds, safe haven currencies, speculate on an increase in volatility, and save cash to reinvest later.** + +In recent times - growth performs well here because when interest rates are low - money is cheaper to borrow. **Growth depends on debt to continue it's operations. Most of them also don't make money and so they have** **no yield.** An increase in interest rates will raise the cost of capital making it harder for companies to generate higher returns. With rising rates, a company has to pay a higher interest expense that lowers their overall profitability. Lower profits lead to lower cash flows, which lead to a higher required rate of return for investors, all of which lead to a lower valuation for the company's share price. Note this is primarily due to recent macroeconomic events - and in the past all equities have been considered risk on. + +Bonds outperform because investors believe rates to remain low or fall further. They'd be able to receive a **"higher" interest rate today versus in the future.** Bonds are typically safer than equity because they are first in-line in the event of a liquidation (bankruptcy) and earn a fixed rate of return. Additionally, the **USD, JPY, CHF** perform well because they are a 'safe-haven' currency. The US Dollar is still considered the world's reserve currency. (Trust in the US Economy/Risk Free) In addition, deflation has a natural increase in the dollar's value. + +The VIX performs well because it's **essentially a measure of how hedged SPX players are**. If you are expecting deflation in assets - you are expecting prices to drop for the most part - and so you want to be hedged on your long positions (or make straight bear bets). + +**In Summary** + +Today, the Federal Reserve has created a low interest rate environment to stimulate the economy; through allowing participants to borrow funds "cheaper" or lower rates. This stimulates demand, supply, borrowing, lending... overall growth. Asset prices are attempting to "price-in" the future state of the economy. + +If you believe that inflation is here to stay, then you'd want to shift into risk-assets. If you believe that inflation is 'transitory', then you'd want to move towards safe haven assets. Ultimately, you could assume that the Federal Reserve controls the narrative and that any major movements in the flow of money, cost of debt (change in rates), could have a positive or negative impact on asset prices. In either scenario (in the future), inflation can lead to higher interest rates causing a drop in asset prices or deflation worries can keep interest rates low and fuel the rally for longer than one would expect. I hope that makes sense. + +<Risk-On> + +* Financials +* Commodities +* Value +* Materials +* Real Estate +* **Basically Most Equities** +* AUD/JPY (AND OTHER RISK-ON CURRENCY PAIRS) + +<Risk-Off> + +* Bonds +* Dollar +* VIX +* Growth/Disruptor Equities (SOMETIMES - THIS IS A NEW CORRELATION STEMMING FROM COVID MAKING TECH NAMES SAFE HAVENS AMONG OTHER UNPRECEDENTED FACTORS)** + +# IV. Practical Applications + +First let me go over the tickers I watch for each rotation - + +<Risk On> + +* YM (DIA) +* RTY (IWM) +* CL (Crude Oil Futures) +* ZC (Corn Futures) +* AUD/JPY + +<Risk Off> + +* DXY (Dollar Index) +* ZB (30 Year Treasury Bonds) +* TNX (10 Year Treasury Index) +* VIX (The "Fear Index") +* NQ (QQQ) + +Glancing at a watchlist of these will give you a quick picture of where money is flowing at the moment - but in order to predict the odds of future movements (and more profitable ones) - I perform technical analysis on all of these names. + +Basically - I analyze all the indices and only play the one that is the strongest from a technical standpoint. I further filter these signals and determine position sizing by analyzing their correlated assets. + +For instance - if **DIA** is breaking out - and **ZB** is breaking down - this is confluence for a risk on rotation. The more confluence - the higher probability you have of success in any play. + +On the contrary, if **DIA** is breaking out - and **ZB** is rallying - this is a sign one of the moves is likely fake - and a signal I have lower odds of success. Subsequently, I want to size smaller. + +***Let's take a look at one example in which QQQ (Growth, Risk Off) caught the rotation this past May. This is a perfect example of Bonds and Growth moving in unison to provide a high probability long trade in QQQ and TLT. Note: I just use trendlines and volume for my technical analysis. No indicators.*** + +QQQ - https://ibb.co/wwhXm2k + +The red circle is Nasdaq on **5/13.** You can see that is the day it bottomed - and every day since then pretty much Nasdaq and Growth assets have been leading. Not only that - but on **6/22** it broke a huge technical setup (the big red line) - which triggered a ton more upside. + +TLT - https://ibb.co/kyzWcsP + +The red circle here is also **5/13.** You can see that is also the day that TLT (ZB or Bonds) bottomed - and every day since then except for the past three days - it's held the same uptrend. Not only that - but on **6/22** it also broke that big red line - which was a downtrend stemming from last year - triggering more upside here as well. We also broke out of that teal symmetrical triangle, which provided more confluence for the move. + +I try to assign a signal strength to each move in order to make it easier for my monkey brain to understand. + +* **Indexes:** 3 +* **Bonds:** 2 +* **Everything Else:** 1 + +You will see a lot of people say bonds are everything - and in my experience that is very true. Last year we had an extremely odd situation where risk parity was fucked - but in recent times it has come back. Correlations almost always revert to the mean at **some point**. Subsequently - you could watch just bonds and the indices and efficiently track the flow of money. + +# V. Divergences + +Correlations are not perfect. If they were - everyone would be a billionaire. There are times when we get divergences and things move opposite of the way they usually do. Like I said - they **almost** **always revert to the mean** at some point - but the catch is the divergence could blow your account before it reverts back. If you are good with technicals you can easily spot when a setup you are trying to play breaks down and stop loss accordingly - but the key point here is **always have a stop loss when playing correlations.** Lots of people think they can average down infinitely and eventually profit off the arbitrage that comes with assets reverting to the mean - but **the market can stay irrational longer than you can stay solvent.** + +# IV. TL;DR + +The main thing to takeaway here is the indices. If QQQ is weak - maybe you want to take a look at DIA. If IWM is sideways - maybe you want to take a look at QQQ. Keep your head on a swivel and don't be too biased towards one sector. **If you can effectively track the flow of money - you can theoretically catch every rotation.** + +Also - you don't have to apply the technicals I do to track it. That's just my method. Lot's of people use complex macroeconomic analysis to assess these sorts of things, among other methods. I'm just too smooth brained for that. + +I hope this helped you all - and if anyone has questions drop it in the comments. + +\--- + +Edit: One final note since I know the more advanced people will likely comment on this. I know QQQ/Growth has not always been risk off - this is a new thing. I was trying to explain things from the perspective of recent times as correlations shift with macroeconomic changes. + +We haven't had a true deflationary environment in over a decade - and subsequently the market rotations have been more about pricing in rate hikes/rate cuts than rotating in and out of equities as a whole. + +Last Edit: Added some clarification - fixed some formatting stuff. +If they told you invest in an index fund or buy and hold the best of FAANG+MSFT/NVDA. There would be no reason to watch their videos daily. Or their market open and close live streams. The views are how they make their money. Meet Kevin for example makes millions each month off the views. + +So these financial youtubers talk about short term plays and high frequency trading so once one play is over you come back for the next. Or they talk about 5, 10, etc stocks they are buying each week. + +Yes there is money made in swing/day trading there is also people who lose a lot of money and dont talk about it so you just here from the winners. Im just trying to say those youtubers arent there for long term advice. Some even do horrible stuff like have 50% of portfolio in TSLA or say they are buying options and will dump them into shares after the stock market has a rally that shouldnt be followed. +My ill-advised order of 2x 7 GH/s BFL miners from last spring finally arrived. I knew there was no chance of recovering the 7 BTC I paid for them, but I figured I'd at least recoup the $700 that was at the time. + +They trickled out about 0.043 BTC over the past four days, and then one of them up and died. Power supply, I'm guessing, but there's no point in trying to get it fixed. The difficulty will be 100x higher by the time they respond to my email. + +What a great company. +I've received my offer letter from my new job, signed it, and am awaiting further paperwork. I'd like to submit my resignation as soon as possible in order to have a 'buffer' period between jobs to ensure some personal affairs are in order. + +However + +My new job has a background screening process and some onboarding paperwork that needs to be filled out that I have yet to receive. There is no reason I would fail the screening process, but I'm a cautious individual and don't want to find myself unemployed entirely because I acted too fast. + +Some further background - I worked for this new employer as a contractor 3 years prior and I passed my background checks then and very little has changed in the past 3 years. + +Am I overthinking things? Am I being excessively paranoid? + +EDIT: Got the answer I needed: Wait until background checks are cleared and the start date is formally set rather than tentative. +For me, one I can certainly say hit close to home for my investment strategy would be: + +“Don’t chase gains without an exit plan” + +Throughout the end of the bull run, there were many companies I bought into. Some good, and some bad, but the common theme was I didn’t have a plan for exiting the position. +Some of my picks worked out great - locking in gains on pandemic high-flyers and rotating into a broad market ETF or cash. + +Many of my picks, and sadly too many, were once high-flyers that fell sharply and have yet to recover. I look back and it’s clear I should have sold several, especially the stocks boosted on investment euphoria and will likely never hit those highs again, and just as likely to never hit where I purchased. Many of these, I sold for big % losses, even after being up huge % at certain points in time. + +All in all, I believe this lesson will make me a better investor for the future. I’d love to hear what other people have learned +Here's an example: + +Let's say you managed to buy 1 BTC last year at an average price of $40k. Now you have to wait for the price to get back to $40k to "break even". + +Here are some scenarios: + +**If you buy 1 BTC at $19k**, you lower your average purchase price to **$29k.** + +**If you buy 0.25 BTC at $19k**, you lower your average purchase price to **$35k.** + +**If you buy 0.10 BTC at $19k**, you lower your average purchase price to **$38k.** + +So as you can see, if you buy again, even if it's just a little, it will help a lot to lower down your cost basis. + +Now, if the price keeps dropping even further, things get really interesting. + +For example, let's say the price crashes down to $8k. + +You have 2 choices: + +**1)** Just HODL and hope that Bitcoin one day goes back to $40k so that you can break even. + +**2)** Buy a lot more, for example: You buy 2 additional BTC and lower your average purchase price to $18k!!! Now if Bitcoin goes back up to $18k you are breaking even. + +This, my friends, is the power of averaging down. + +Keep stacking. +“Oh it's another person ripping on Solana, predictable". Yep. Yeah it is I don't get how rhetorical this discussion on Solana is and yet it stays relevant. + +Since its [launch back in March 2020](https://messari.io/asset/solana/profile), Solana has had a series of issues - from hacking to downtime to people being drained of their investments and funds completely frozen. + +In 2022 alone, Solana has had not one.... not two... but "[12 serious outages](https://www.analyticsinsight.net/solanas-sixth-network-outage-will-surely-push-sol-price-down-the-hill/)". And yet people still buy. People still buy regardless of hacks, this last one netting [5 million usd](https://www.cnbc.com/2022/08/03/hackers-attack-solana-crypto-stealing-millions.html) in losses so far. That puts the total hacked from everyday investors IN THIS YEAR ALONE at over [500-million usd](https://markets.businessinsider.com/news/currencies/blockchain-hackers-stole-almost-700-million-in-2022-solana-bsc-2022-3). Why the hell stand behind this crypto? There's literally thousands of cryptos to choose from. Is their NFT art seriously worth it? Seriously. Is speed that important? The chain is obviously compromised to hell and has made cryptocurrency a laughing-stock to skeptics. Their nodes are shit and obviously centralized by "The Solana Foundation" contributing to new nodes. Gtfo, so now the nodes have to vote along with "the Solana Foundation" or lose their funding. Sounds super decentralized. + +It's a trash project and I just want to genuinely understand why it's still relevant when there's literally thousands of projects around and some solid ones too far outside the top 10. Maybe I'm preaching to the choir but it blows my mind. +I've worked in the computer security industry almost since it was created, and I've heard a lot of misconceptions on this subreddit about how to securely use bitcoin. I thought it would be helpful to provide a few *common sense* steps *anybody* can use to safely secure their bitcoins. + +1. You simply cannot trust computer hardware manufacturers. [Hardware Backdoor's](http://www.darkreading.com/advanced-threats/black-hat-researcher-demonstrates-hardwa/240004674) are real and more prevalent than you can imagine. The only way to be sure you aren't susceptible is to design and build your own CPU and computer system. Fabricating your own silicon chips is a [surprisingly simple process](http://www.youtube.com/watch?v=-GQmtITMdas), as all you really need is some sand. + +2. Once you've hand manufactured your CPU, Motherboard, RAM, and IO devices, you'll need to write a C compiler that will compile down to your CPU's native language. Writing your own compiler will keep you safe from the [Ken Thompson Hack](http://c2.com/cgi/wiki?TheKenThompsonHack). + +3. Create a simple OS that you can use to access the internet. Some people might suggest using Linux, but there are 9,868,933 lines of code in just the Kernel, most of which you won't need, and personally verifying every line for [rootkits](http://en.wikipedia.org/wiki/Rootkit) might take a bit longer than you have the patience for. + +4. Create your own bitcoin client. Satoshi's client could possess hidden back doors, or they could have been introduced since his departure. The classic [create-a-currency-to-compromise-a-users-computer-attack](https://ripple.com/) is devastating, and we can't rule Satoshi out. Bottom line is that you cannot be sure. + +5. Dig a very deep hole into the earth, and surround it with at least three feet of re-enforced concrete. Place your custom PC in there. Thermal imaging attacks can easily penetrate the walls of your home, and reveal your private keys to any wayward onlooker, or high tech peeping tom. A sufficiently deep hole will also protect you against common [keystroke sound vibration attacks](http://gcn.com/articles/2011/10/18/smart-phone-sensors-steal-keystrokes.aspx). Also, if you've had any help so far, this hole will double as their grave. Loose ends are security holes. + +6. Before generating your public private key pair, carefully run your hands over your head to ensure that you don't have any suspicious electrodes attached to your skull. [Mind Reading technology is real](http://www.wired.com/dangerroom/2008/03/augcog-continue/). + +7. Once your wallet is setup, [Quantum Encrypt it](http://en.wikipedia.org/wiki/Quantum_cryptography) so that any attempts to access it will immediately destroy the information. + +8. This is the most important: *Never leave your re-enforced hole in the ground*. Leaving your hole makes you susceptible to the highly effective (despite what Bill O'Reilly would have you believe) [water-boarding-private-key-extraction-attack](https://en.wikipedia.org/wiki/Waterboarding). + +So long as you follow these simple 8 steps, you'll be reasonably safe against any would be attacker, assuming of course the entire universe isn't just a simulation running on Satoshi's computer. +**TL;DR: Went from 150k+ income as a stripper, to current 45k wage " to build a career" - struggling to stay on top of bills and buy groceries.** + +Hi, + +I'm seeking some advice as I'm unsure what to do. + +I was a stripper for 7 years. I was making $2000-$3000 cash every weekend (12hrs both Fri & Sat). I’d never earn less and I’d occasionally earn a lot more. I didn't work weekdays. Sun/Mon/Tues were spent recovering from the physically/mentally/emotionally draining weekend. I enjoyed the job for the most part, the clients were friendly, I never did anything I didn't want to do, no one was allowed to touch me, I had set limits, a few times my boundaries were overreached but that's a hazard of the job. Overall I did enjoy it. + +There were also a lot of negatives to this job. There was a certain unexplainable "darkness" to it. I was able to navigate myself quite well through this darkness, as I have a strong intuition so I never got myself into any unsafe situations. I had social anxiety and no confidence because I felt like I didn't properly contribute to or "belong" in society with everyone else. I was worried about the future, what was I going to do with my life once the club stopped giving me shifts because suddenly I'd look too old (realistically I thought that wasn't going to happen for another 6-8yrs). I was anxious and I was scared. I was addicted to that world for it was all I knew, I felt safe there. I started at a young age (legal, but in terms of my own life experience and personal development, I was young). + +I had no concept of the value of money. I thought I'd had a "bad weekend" if I'd only made $2000. I didn't mind spending $100 a day on food. The most I'd ever had saved at one time was $12,000 which took me about 6-8 weeks. Money left my hands as quickly as it entered them. I always worked sober, and never did drugs (maybe one tequila shot once every few weeks when I was getting tired). It was important for me to know that I was there to "work" and make cash, not to party. I didn't save any of it. I DIDN'T SAVE ANY OF IT. + +I've read some of the other "sex industry" threads, and other peoples experiences and preconceptions are very different to the experience I had. It was very professional. No manager would hit on you. Anyone found to be doing "extras" would be both socially shunned by their coworkers, and fired. + +The reason I quit this job is I met a guy, he told me we couldn’t be together until I’d quit that job. So within a few months I’d quit. I got my first “real job” selling cars, which I did for one year. I didn't like the job, putting on a "sales face" and 6 day weeks. I worked hard and was top sales person in my first month. I knew I wanted to leave which is what spurred me into thinking about what is my "dream job" and what would make me happy to be doing day in day out. Selling cars I was making about 80k. By the end of it I was at the point of depression. Then-bf and I broke up when I transitioned from selling cars to digital marketing, and he said he couldn't believe I was taking a job with lower pay over my current because of "happiness". I had automatic savings of $50/wk set up at this time which I didn't notice or miss. + +So now I have my “dream job”. It's an entry level position as I have no training in this area (nor do I want to go back and get any, as I'm a 3-time tertiary drop out) I love the work and every element of it (creative yet analytical with lots of research) but it's in the saturated area of digital marketing. The pay is 45k, 1400/fortnight after tax, and I've been here for 5 months. I thought I'd be ok with the pay temporarily as I'd gain experience and be able to move into another job after 12 months or so. I actually love the workplace but they don’t pay well, every time someone leaves it's a pay related issue. I leave the house at 7:30am and I get home at 6:30pm. I go to bed at 10pm, wake up at 6:15am. Driving takes the same time and cost as public transport, but I prefer driving. It feels like I'm working a 55hr week. I love every aspect of this job and it shows as I work hard and produce great results, I’m just struggling to live off the pay, and if I’m honest there’s no room for a raise or promotion. + +&#x200B; + +**This all leads me to my current situation.** + +My monthly expenses of just bills and paying to live, are slightly higher than my current wage. The only thing on my expenses list that I could possibly cut out that's not a general life expense would be Netflix and my gym membership. It doesn't include anything that I would like to buy like basic makeup and skincare. Goodbye supplements and superfoods lifestyle. Every month with whatever is leftover, I buy food with (generally a couple of hundred). + +I moved from my favourite expensive area when I first quit stripping, as I knew I wouldn't be able to afford it anymore. Cut my rent down by half. My current “dream” job is in the same suburb as previously mentioned favourite area, cue an hour travel back and forth each way. + +Over the Christmas period I had to take unpaid leave due to the mandatory office closure, as I hadn't accrued enough annual leave yet. This is where things really threw me off, and I'm still trying to catch up. I was kind of surviving week in week out prior to that but 2 weeks without getting paid, not what I needed. I didn't have a dollar to my name for my time off. What a stressful and unenjoyable Christmas. + +I'm not ok with the status quo of spending all of my time working, to barely scrape by. To have no money to leftover to do "things" with when you do finally get some free time. In my free time I'd love to just stay in my kitchen and cook, stay home and read, attend a yoga or pilates class, wander around the farmers markets. I enjoy the simple things, I don't need travel or luxury. I don't own or care for anything "designer". But I still can’t afford a simple lifestyle? + +What am I staying at this job for? Experience. How much more experience can I possibly get? Do I really want to stay in Digital Marketing anyway, seems like it could be a saturated market, fad job? Getting this job felt like my lucky break. It would be near impossible to find another job like this with my lack of experience, definitely impossible to find one that pays better. + +I was locked in the car park the other day crying because I couldn't afford to pay the ticket to get out. All I was trying to do was to go home, from working all day. Nothing luxurious, nothing "extra". That just felt like such a low point in my life. How did it all come to this? It's hard to continue putting in your best for your job when you feel like it's not giving you what you need to survive. But unfortunately I am new, still on probation, and replaceable. + +I'm still waiting to have some money just to feed myself. My account have been overdrawn for weeks. I'm living off whatever I can put together from the pantry, which is quickly running out. I owe my housemate money for bills, which I feel awful about, my problem should not be affecting her. + +I do believe the meaning of life is to be happy, which is why I've made the decision I have to go from selling cars to digital marketing. I'm happy in the job itself, but I'm unhappy in that I'm constantly stressed about money. That's a hard one to overcome. Hard to meditate to relax yourself when you want to cry about being hungry. + +Going back to stripping would possibly become an addiction again as it's a fast cash injection, and it's easy to get lost in that world. I'm unsure if I could do that and still balance building a career. Would I be more disciplined with money if I went back? I'd like to say yes, but I'm honestly not sure. I'd need some very strict procedures in place to follow to keep me in line. + +I just don't know what to do. I'm sure I'm probably finding this more difficult than others as I had it really easy during my stripping years. I can't help but feel maybe my current situation is what I "have to go through" in order to learn the true value of the dollar. Ok lesson learnt loud and clear, but this just isn't sustainable. + +I don't know what to do. I really am trying my best. + +&#x200B; + +**My current monthly budget:** + + Savings Account: 3000. + + Income: 2918. + + Expenses: + Rent 1051 + Car Loan: 322 (6%, 6 yrs/ 15k remaining) + Personal Loan 191 (4 yrs / 4k remaining) + Car Insurance 77 + Internet 40 + Phone 60 + Gym 173 + Spotify/Scribd/Netflix 35 + Tolls 40 + Petrol 60 + Registration 60 + Parking 160 + Electricity 50 + Gas 125 + Water 20 + Total 2464 + Groceries - whatever is left, then whatever is left after that I put onto personal loan. + (currently not saving anything) + +Cutting anything from this list would make me dislike my lifestyle even more. I am aware that my car is a big expense, but living where I do, I do need a car. Plus this brings me the most joy. + +&#x200B; + +If you want to give advice please try not to be prejudice. +I really am a nice, honest, hard working girl just trying to do her best. I’m 28yo. +Last 20 minutes I have seen multiple posts about zjz and that "I got banned from W S B woooho". + +If you keep spamming about [superstonk](https://www.reddit.com/r/superstonk/) in other subreddits [superstonk](https://www.reddit.com/r/superstonk/) can get in TROUBLE. + +Don't brigade , and stop interacting with W-S-B. + +&#x200B; + +&#x200B; + +https://preview.redd.it/w6p6oaaji2671.png?width=688&format=png&auto=webp&s=8760e0f5dd9a78d193d1e51d407df7727563c505 +I have a BA in English Literature and am making a modest $40,000 each year in sales/marketing/communications. I have "soft skills", in other words. Problem is: it's not that much money and I hate sales. English Literature degrees are all about analysis, and it's not what I'm doing at all. + +My degree of interest is a BS in Software Engineering. A "hard skill" or technical skill, if you will. Yes, I'm good with math (read 2nd edit). + +Edit: Wow guys, this thread blew up. I've read all the responses and appreciate all the feedback, but I can't answer everyone at this point. My takeaway is that I should consider trying to enter the field without going back to college, but I'll continue entertaining the idea of returning to school for now. Thank you all! + +Edit 2: Just to clarify, the reason I brought up that I'm good with math is because it's part of the CS curriculum. I know it has nothing to do with coding; I was preemptively responding to something that I felt would be brought up. + +Edit 3: An additional $15,000 at entry level is a worst-case scenario. +I’ve enjoyed 9 of the 15 years I’ve been at work. 7 of those years were in research (non-accounting) and paralegal work and 2 were in financial analysis, specifically rebuilding antiquated Excel sheets into automated models. + +Of the 6 years I haven’t liked, 4 have been in accounting or auditing, 1 was in law firm pricing and 1 required a lot of conference calls and presentations. + +However the highest paying have been in accounting and pricing. + +I’m starting to wonder if it’s accounting itself that I hate. I’m good at it but the general people I work with are not my type of people. I do accounting for the money but I used to play music and am more literary- minded and liberal. + +I worked hard to get this accounting masters and go through the experience to raise my salary up but I’m just continually miserable at work even changing jobs a couple times. + +Is the extra money really worth it ?? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) + +NFT Marketplace [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! +TL:DR- No one is talking about the DOMO Capital AMA. Can we talk about the DOMO Capital AMA? + +There is an AMA coming up today on 4/20 at 4:20pm CT with DOMO capital. I feel like apes have been distracted by a lot of different things today. +I would like to start a discussion about topics/ questions to ask DOMO as I believe they are a good source of information. DOMO has had our backs for a while and seem to consistently be on Apes side. +I believe direct questions about the squeeze would be counter productive since DOMO probably can’t comment on the squeeze directly. +Lets get some wrinkle brains working on useful questions so we don’t waste this opportunity! + +Not financial advice, I am not a professional. I just like the stock. I speak for myself and talk of “WE” as a collective of individual investors. + +Holding during first mini squeeze, XX shares at XXX average. 💎 🙌 +The WA state governor & legislature is currently working on [a bill that will tax long-term capital gains exceeding $25k/person/yr @ 7.9%](http://lawfilesext.leg.wa.gov/biennium/2017-18/Pdf/Bills/Senate%20Bills/5111.pdf). To bypass the state constitution's ban on income taxes, it's being drafted as an "excise tax", although every other US state, and the IRS, would label it an income tax. + +The tax will intentionally target tech sector employees who receive much of their compensation in the form of long-term capital gains from options & shares, as well as those who are already in early retirement in the state. For example, someone in "late early retirement" distributing $60k/yr in capital gains from a taxable account will face a new $2765/yr tax, likely exceeding their federal capital gains liability. +This is the avatar that I currently have, it's sold out, I have #18. Explain to me how someone thinks they're going to get upwards of $160K for one of these things. There's another one on there for 93 ETH. + +[money\_laundering.jpg](https://preview.redd.it/3qipa1xhbvi91.png?width=2048&format=png&auto=webp&s=412c6fec5a9d384ad3e4582d082cd014efb4746e) + +I have never purchased an NFT before in my life, but I saw this little guy, and he reminded me of a character in this wild animated film called I Pet Goat II, which is also my username, so I had to buy it. But if the going rate for this thing is anything over 1 ETH, my loyalty to it will crumble. + +Anyone else see theirs on OpenSea? What is it going for? +I came across a YT video (link at the end) wherein invoice discounting was pitched in as a short term investment instrument offering IRR of upto 12-13%, while in the subsequent video the promoter of the platform provided clarification on some fundamental concerns but still a lot is left unanswered. + + + There are few concerns if the fellow community members or those who have invested could please clarify. + + +• How safe is invoice discounting as an investment option in general as there is default risk from buyer/supplier as well as platform providing this service. + +• What would be a retail investors recourse in case of default as there is no regulatory body to approach? + +• Why would established companies take the more expensive option of invoice discounting route when they could easily avail bank loans, CC facility? + +• What does platform bring in to the table for companies using there service as the cost of capital would be higher for them Viz a Viz a banks/FI? + +• If invoice discounting is a good investment option why isn't it have gained traction so far, specially with retail investors? + +[Video link 1](https://youtu.be/NhJOQL4c7NQ)) + +[Video Link 2](https://youtu.be/6ymzyay0NBs) + +Hope could learn a thing or two from the comments that follows, Cheers and Thanks! +With increasing population and more people getting sick with pollution and whatnot I expected the Pharma Industry to boom. + +However compared to other sectors it has not performed well. + +Is there a specific reason for this? +And what are your future predictions about this sector? +I wanted to share my personal opinion on this movement and how much has changed since January 2021. + +I originally joined the OG subreddit pre-Jan 2021 hoping to catch wind of any investing tips or suggestions that I could benefit from.. welp, wouldn’t you know it, I caught wind of GameStop’s potential for a short squeeze. Thanks to a bunch of crayon sniffers, I found a couple posts leading up to the initial squeeze, but I had NO idea what any of it meant. Unfortunately for me, I didn’t have excess cash to invest, and payday was that Thursday, January 28th, 2021. + +That day prior, Wednesday, GME was ripping 3x its value, and everything I saw on Reddit was telling me to not miss this chance to be a part of history. I decided at market open on Thursday, I was going to devote half my paycheck to purchase 2 shares. Thursday came, I put my order in through my friendly green leaf app, and I was able to secure my 2 share limit. I was shocked I was only allowed to buy two, but I didn’t care because I was relieved to get in. After I bought in, I told everyone at work about it, and when they tried to buy in, they were denied access to purchase. I thought that, holy shit, it’s really happening. + +Then I learned what a rug pull was. I saw half my paycheck shrink before my eyes. I knew I was taking a risk, but I had no idea that it was that great of a risk. I know others lost more. For me, I was embarrassed, disgusted with myself, and ashamed for letting me think that I could benefit from investing money into something I knew nothing about. I was angry. I was hurt. I was full of regret. + + +Through this pit of self loathing, I was so pissed off and angry I spent countless hours reading posts. I kept hearing the terms paper handing, diamond handing, HODL, etc. Out of stubbornness, I said screw it, and I held on. + +From there, we all know the story of the subreddits. We went from one to another, leaving behind the cinders of drama that devoured the subreddits as a whole. Through this journey, we have had so many INCREDIBLY brilliant individuals come in and help teach this community about what it was we stand for, what are the reasons we invest, who we are investing in, and where our investments are going. We’ve created a true community full of love and respect while being able to maintain one focus on what our mission was: being true to each other. + +This is where I get to my main point of the post. Mods, I’m not sure who’s been here the longest, or who is considered the newest, but I wanted to thank you for everything you do. We have SEEN what happens when there is no continuity through the team. Drama happens, and the subreddit burns. This usually leads to splitting up and the creations of new ones. + +In this subreddit, when drama happens, your team comes in with integrity and consistency while standing firm and resilient. When posts are made, opinions are casted left and right calling from 🚨 ALERT🚨 to labels of FUD. In response to the community, this team does the DD. Nothing makes it more incredible to see posts rise to the top, just to find the debunked banner. That, to me, is so special. You guys are the real deal. + +Personally, I have gone from wanting to make a quick $ to actually being a true investor (who owns shares in my name 😉) of a company I believe in. From seeing GameStop stand up a NFT marketplace to studying the basic business fundamentals laid out in the quarterly reports, I have changed as a person and as an investor. Now we are on the brink of celebrating some sort of acquisition within the company. It’s funny, if payday was a week before 2 years ago, I wouldn’t be here with you all. I would have taken my money and ran. + +I was shamelessly telling a close friend that I spent 349 hours on this sub according to my annual Reddit report. Like, WTF is wrong with me? I blame you all 😂 but with that, I want to thank you all. Thank you for who you are to each other. Thank you to RC for being so committed to your company and to your team. Thank you Dave Laur to help push the changes our markets need. Thank you Jon Stewart for putting our cause on your platform and bringing more awareness to it. Thank you all for being so genuine. Thank you mods for being there for us. I’m looking forward to whatever the future brings us. + +For those of you struggling to hold on, please do right by you and your family. You will always be a part of this community regardless of what you own or what you sold. + +Much love ❤️ + +Spay and neuter your animals. +….. and DRS +Is there another coin out there that could possibly take over either btc or eth in market cap someday? + +Personally I believe at the moment that the 3 most likely candidates at the moment would be ADA, XRP or MATIC but is there another one out there with massive potential that could one day knock off the 2 top dogs? + +Could a meme coin get there? Would it be a centralised coin or a de-centralised coin? Or are BTC & ETH destined to remain 1 & 2 for a long long time. + +What do you guys think? Happy investing everyone 😊 + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +What are everyone’s thoughts on the current price decline of the asx? Has anyone withdrawn their investments in anticipation of getting in lower? +I happen to have over invested and can’t buy much now, so just watching as it goes down 🥲 +I am separating from my wife after 20+ years. We have been self-employed together almost the entire time. I am not keeping the business, for a number of reasons that are off the table... + +I need help - I'm fortunate, but too close to see the best options. + +Pros: + +I have over $100k in savings. I have a great buffer to figure things out. + +I have a lot of experience as a business owner/manager. (7 figure gross, 3-7 employees.) + +I have a bachelors degree. + +I have some tech certs, but no real experience. (A+, N+, S+, CySA) + +The cons: + +I don't want to be self-employed, so I'm not going to use the $ on hand to start a business. + +My degree is in theology, which is not helpful. + +I am far from any urban center, and want to stay near my kids. + +Any thoughts or suggestions? I'm starting to work on my resume, but it's very rusty. It would help if I had more of a goal to tailor things to, but even then I'm not a perfect fit for much of anything. I'm in Texas if it helps. + + +# - GME is unshortable at IBKR: compare it with tesla, for exmpl. + +# - 57,025,475 votes (for + against + Abstentions ): do the math, page 3 + +# - 8-k filling released at the same time that RC tweets "Power to the player". +I posted this question a while ago for us to discuss, but the thread was locked for a few hours while the mods determined if it was applicable. I would love to ask it again so we can have a better discussion. + +So that you can try to become FI more quickly it's important to use the money you have wisely. But what about your cash? Excluding your emergency fund how much cash do you keep and why? + +Reasons I can think to keep cash: + +- form of security eg less volatile +- having cash for possible future investments etc +- saving for investment property + +What is your logic behind the cash you keep and how much do you keep? + +By cash I don't mean physical money I mean money not already in investments etc - money that is liquid and accessible. +Hi, + +I am about to enter my first job with a pay packet. Looking at amex for a platinum cashback card but many family members warn me that it is not taken in a lot of UK shops. Is this still a big issue in the UK today? Cheers +Yes I said it. FRSX is fostering a network with [Huawei](https://www.reddit.com/r/pennystocks/comments/hzq4w6/huawei_and_frsx_silent_market_penetration/) (Chinese tech giant), [Bosch](https://www.businesswire.com/news/home/20200507005529/en/Foresight-Announces-QuadSight%C2%AE-Sale-Leading-European-Tier) (one of EU's top auto suppliers), FLIR Systems (already partnered), and Toyota. Four leaders in their respective industries. + +*Other notable mentions: Panasonic and Meuhedet. (*[Read here](https://smartrickpicks.substack.com/p/a8715278-070a-42bb-8b02-65441501d2ff) *because this post will become too long otherwise).* + +If you want to know more about the company itself, you can check my past posts. I'm going to get straight into how this was unveiled. + +\--------------------------------------------------- + +For the last three straight days, u/smartrick and I have scraped the bottom of the barrel and turned over every stone to figure out what the hell is going with this company that's been left uninvestigated and criminally undervalued. + +I must say, I fell in love with CLSK when I first wrote about them. But this could honestly end up being bigger. + +\-------------------------------------------------- + +**At the beginning of this year. FRSX released an** [**announcement**](https://www.businesswire.com/news/home/20200217005275/en/Foresight-Receives-Order-QuadSight%C2%AE-Prototype-Multi-Billion-Dollar) **of an urgent order from a Japanese multi-billion dollar vehicle manufacturer.** + +&amp;#x200B; + +To kick off the web of connections, after days of research and caffeine-filled nights, we found an original copy of the [booth floorplan](https://imgur.com/a/jvx6V1n) of the global convention that FRSX attended. + +&amp;#x200B; + +Guess who shared a booth with Foresight's soon-to-be partner FLIR Systems? That's right, Cornes technologies. The same company that signed an [exclusive licensing deal](https://markets.businessinsider.com/news/stocks/foresight-signs-exclusive-distribution-agreement-in-japan-1028197213) to distribute the flagship quad-sight system in Japan, the same product that Toyota requested on a whim. + +&amp;#x200B; + +**How do we know it's Toyota?** + +Well. Right before the time of the rush order. [CNN published an article](https://www.cnn.com/style/article/ces-toyota-big-smart-city/index.html) that detailed Toyota's plans to create a small-scale "AI city" where they can test the development of autonomous driving and AI software in vehicles. + +Toyota declared to shareholders that they want autonomous driving to make strong progress before the Tokyo Olympics in 2021. And because this news came out BEFORE Covid-19 was officially granted "pandemic status", they were considered behind schedule. Thus a "request for rapid delivery" of the quad-sight AV systems from FRSX. + +&amp;#x200B; + +Also, within the scene of those pursuing the autonomous vehicle market in Japan on a "multi-billion dollar" scale, the only companies that fully fit the parameters are Toyota, Honda, and Suzuki. But there was not enough evidence to defeat the chronological timeline and network connections that supported Toyota and their crystal clear agenda to advance autonomous driving as soon as possible. + +&amp;#x200B; + +# Here is a timeline of the events: + +May 2019 - Cornes Technologies (Japanese distributor) signs exclusive deal to license and distribute Foresight systems in Japan. + +Feb 2020 - Foresight receives a request for a "rapid delivery" of quadsight systems to a multi-billion dollar Japanese vehicle manufacturer. + +March 2020 - FLIR Systems and Foresight sign agreement to develop, market, and distribute the quad-sight Vision system\* + +May 2020 - Foresight announces the sale of the quad-sight systems to a leading European Tier One Auto Suppliers. (Bosch) + +May 2020 - Foresight joins leading global industry consortium for development of Autonomous Heavy-Duty Vehicles. + +July 2020 (a few days ago) - Foresight receives order from leading multi-billion dollar global Chinese technology company for autonomous vehicle ventures. (Huawei) + +&amp;#x200B; + +\----------------------------------- + +For those that aren't familiar with FLIR Systems... FLIR is the company that $MARK has always wanted to partner with. But guess who got the deal? FRSX. + +FLIR is a powerful blue-chip thermal imaging corporation, and not only did FRSX become partners with them, they obtained leverage. This is because FRSX provides FLIR a gateway into the autonomous vehicle market through integrating their cameras into the quad-sight vision system. + +FLIR's image is contractually attached to Foresight's flagship products. + +\---------------------------------- + +My head hurts like crazy right now and I'm on about 2 hours of sleep because of this, so I can't even write a proper conclusion. But all these developing connections with multi-billion dollar autonomous vehicle ventures, being added to the global consortium for AV development, an interdependent partnership with FLIR, AND a Covid-19 mass thermal scanning venture with one of Israel's largest health organizations... Yep, $1.40 stock if you ask me. + +&amp;#x200B; + +For those who want an even more detailed rundown of the developing network and connections: + +Check out the [website](https://smartrickpicks.substack.com/p/a8715278-070a-42bb-8b02-65441501d2ff) we created just for this investigation. There's going to be some shit that goes down with this company in time. Thank you FLIR systems and a special thank you to KODK for keeping the volume away from FRSX. + +(Tbh i'm still not done here. There's a lot more that I am hungry to find out and share.) +My dad has started a job with a DB pension. He is able to put away a few thousand a year for 7 years until retirement. + +Is starting the DB pension worth it? Can he buy more into the pension to make up for only being able to add to it for 7 years? Or is it worth just investing the money into S&S? +The cannabis market right now is so similar to the start of the green energy market.. its nowhere near done being bullish. Save for some small dips, there will very likely be a huge bullish trend for 2021. [EVEN NASDAQ AGREES](https://www.nasdaq.com/articles/cannabis-stocks-may-be-2021s-big-winners-2021-01-07). I’ve posted my positions a [few times](https://www.reddit.com/r/pennystocks/comments/ktvx01/almost_60k_in_cannabis_stock_gains_14_18/), and I’ll continue to do so. But this is my reasoning for investing in cannabis stocks in general for 2021. + + +* I've been a bull on cannabis since the democrats had a strong pro-cannabis platform. But what made me go balls deep into the market was that the **UN changed its classification of cannabis**. Countries follow the UN closely for guidance on their own classification of controlled substances. Congress has [repeatedly cited](https://www.brookings.edu/blog/fixgov/2015/02/13/how-to-reschedule-marijuana-and-why-its-unlikely-anytime-soon/) the UN’s classification as one of the reasons for not changing it. Several countries immediately changed their stance on cannabis in response to this, including Israel, which In November 2020, announced that it was moving forward with a plan to legalize recreational cannabis nationally. “The country is aiming to implement recreational legalization within nine months, and even if there are delays, that means mid-to-late 2021.” (This is my reason for investing in **Canadian cannabis companies**, because they are already **poised to expand internationally since its legal there nationwide**) + +&#x200B; + +* **THE SENATE IS NOW BLUE!** The Georgia runoffs were won by Democrats, and they can now swing the vote left with VP Harris. She promised it as part of her platform, so we know it will be prioritized. [CHUCK SHUMER SPONSORED THE MORE ACT](https://www.democrats.senate.gov/newsroom/press-releases/schumer-statement-on-ending-the-federal-prohibition-on-marijuana-following-the-house-passing-the-more-act). HE WILL BE [SENATE MAJORITY LEADER](https://www.nytimes.com/2021/01/08/nyregion/chuck-schumer-majority-leader.html). IT WILL 100% BE PRIORITIZED BETWEEN HIM AND VP HARRIS. + +&#x200B; + +* EVERYONE predicted beforehand that the republicans would win Georgia... [everyone talked down decriminalization passing the house because of they believed it would NEVER pass the republican majority senate](https://www.npr.org/2020/12/04/942949288/house-approves-decriminalizing-marijuana-bill-to-stall-in-senate). But the left spent more than any senate race in history to encourage voters to go out and vote. Only once the race started did it become clear that the left had a chance. Then some gains from the surprise that they won. However the gains from 1/5 onwards definitely hasn’t been priced in for all the future legislation, because **some of it will be completely new legislation that wasn’t possible to consider before without a blue senate. THIS HASN'T BEEN PRICED INTO THE MARKET YET.** + +&#x200B; + +* The **SAFE BANKING ACT** has bipartisan support, and is likely to pass [BEFORE decriminalization because it is tied into some stimulus bills.](https://www.prnewswire.com/news-releases/4cable-tv-international-inc-announces-certain-incoming-financials-filings-are-imminent-301203235.html) + +&#x200B; + +* The government is broke post-COVID. There is a terrible image of the police. They don’t want to waste more resources on cannabis related crimes that would be fixed under decriminalization. And the tax revenue from decriminalization would be significant. **Decriminalization (THE MORE ACT) opens up the borders to interstate-commerce and international import/export**. This would all trickle down into Uncle Sam’s empty pockets. + +&#x200B; + +* New York Governor Cuomo announced on Jan 6 his plan to legalize marijuana for adult use (right after New Jersey vote, as I anticipated in my last post) as part of his State of the State agenda. The next step is a ripple out on the North East. NY didn’t want to miss out on tax revenue, neither will any of the other states in the northeast within driving distance of NJ and NY. This is Cuomo’s third attempt in three years to legalize adult-use cannabis in the state; last year, Cuomo included a legalization proposal in his state budget, but the plan was ultimately cut in the wake of the COVID-19 pandemic. + +Other ongoing state legislature: + +* **Rhode Island:** Regulators have received 45 applications for six new medical cannabis dispensary licenses in the state. If all applicants meet the requirements for a license, six will randomly be selected in a lottery to operate retail locations in different regions across the state. [Read more](https://www.cannabisdispensarymag.com/article/rhode-island-receives-45-applications-for-6-new-medical-cannabis-dispensary-licenses/) +* **Missouri:** Rep. Shamed Dogan has filed legislation that would place an adult-use cannabis legalization measure on the state’s 2022 ballot. Meanwhile, Missourians for a New Approach has announced plans for a separate 2022 ballot initiative after an unsuccessful signature campaign to get the issue before voters in 2020. [Read more](https://www.cannabisdispensarymag.com/article/missouri-lawmaker-introduces-legislation-adult-use-cannabis-legalization-2022-ballot/) +* **Alabama:** Sen. Tim Melson plans to reintroduce a medical cannabis legalization bill this year. Medical cannabis legislation passed the Alabama Senate during the 2020 session, but failed to clear the House. [Read more](https://www.cannabisdispensarymag.com/article/alabama-lawmaker-plans-to-reintroduce-medical-cannabis-legalization-bill/) +* **Illinois:** Illinois lawmakers have proposed the creation of 75 new cannabis retail licenses to give disadvantaged and minority applicants a second chance at licensing following the controversial licensing lottery to issue an initial 75 dispensary licenses. A work group made up of lawmakers and members of Gov. J.B. Pritzker’s administration met this week to finalize details of the bill, which will be introduced in a lame-duck session that starts Jan. 8, before new lawmakers are sworn in Jan. 13. [Read more](https://www.cannabisdispensarymag.com/article/illinois-lawmakers-to-create-75-new-cannabis-retail-licenses/) +* **Minnesota:** House Majority Leader Ryan Winkler is again renewing his push to legalize adult-use cannabis in the state, announcing plans to reintroduce a legalization bill this year. Winkler told WCCO that he sees “Senate leadership as being the number one obstacle,” but said that if lawmakers agreed to place an adult-use legalization initiative on Minnesota’s 2022 ballot, “it would pass overwhelmingly.” [Read more](https://www.cannabisdispensarymag.com/article/minnesota-lawmaker-to-reintroduce-cannabis-legalization-bill/) +* **Virginia:** Del. Steve Heretick has reintroduced a bill to legalize adult-use cannabis. Heretick has proposed legislation related to decriminalization and legalization in the past, and this year’s bill would legalize the cultivation, sale and consumption of cannabis in the state. [Read more](https://www.cannabisdispensarymag.com/article/virginia-lawmaker-reintroduces-bill-to-legalize-adult-use-cannabis/) +* **Connecticut:** Gov. Ned Lamont renewed his push for adult-use legalization during his State of the State address Jan. 6, announcing that it is a priority for the new legislative session. Connecticut’s 2021 legislative session opened Jan. 6, and Lamont, a Democrat, kicks off the session with increased majorities in the House and Senate, which could increase his chances of passing an adult-use legalization bill. [Read more](https://www.cannabisdispensarymag.com/article/connecticut-governor-says-cannabis-legalization-priority-new-legislative-session/) + + +***Now that you understand why I’m going green, here’s my reasoning for my positions.*** + + +**TLRY (Tilray)** + +* largest cannabis company in the world by revenue post merger. Will run out of Seattle and New York City. New York Legalization on top of senate turning blue is a big catalyst for TLRY. +* Merger hasn’t completed yet, and the merger happened before the senate went blue.. that was the gamble APHA was making, and they won. The sky is the limit now. When they merge, they will reduce expenses and be much more likely to post profitable quarters. (This is why mergers have so much hype; the sum is > than their parts because they can reduce operating expenses while maintaining revenue from the two companies) +* Tilray CEO Brendan Kennedy: “I think medical cannabis will be legal at the federal level, which means medical cannabis can cross state lines and be imported into the U.S., like we export cannabis from Canada and Portugal to about 15 countries now,” Kennedy said. “Anyone who thinks there’s a state-specific medical market is wrong.” As for the recreational market, Kennedy says the state-specific markets, with interstate trade banned, “are not going to last long.” Kennedy believes that cannabis will be distributed like alcohol and tobacco within two years’ time. That would require significant overhaul of US federal drug laws—and would significantly disrupt all US cannabis companies’ existing business models. Brendan Kennedy, the cannabis billionaire will step down as Tilray's chairman and CEO. Irwin D. Simon, Aphria's current chairman and CEO will take Kennedy's place. +* \[On December 18, 2020, just three days after the U.S. Senate adopted the Cannabidiol and Marihuana Research Expansion Act (CMREA or the Act) (more on this below), the U.S. Drug Enforcement Administration (DEA or the Administration) published in the Federal Register a final rule, “Controls To Enhance the Cultivation of Marihuana for Research in the United States” (Rule), which finally paves the way for DEA to issue additional licenses to grow “marihuana” (i.e., cannabis) for research purposes.\]([https://www.jdsupra.com/legalnews/on-heels-of-senate-s-adoption-of-36129/](https://www.jdsupra.com/legalnews/on-heels-of-senate-s-adoption-of-36129/)) + +**GNLN (Greenlane Holdings)** + +* One of the largest global sellers of premium cannabis accessories. **Pax/JUUL/Volcano products.** I’ve had Pax products, and although I prefer Arizer because of the affordability, I can’t deny Pax has quality products and is like the “iPhone” of vaporizers. I like their products, I like their branding. There’s lots of hype and loyalty, especially with their Volcano desktop vaporizer. +* Strong US brands. +* The main reason they did poorly was bad timing. They IPO’d during the year that JUULs started being banned. They’re actually at all those levels again. Theres a ton of upside potential. +* Market cap is ridiculously low for some really renown brands all because of the JUUL flavor pod ban. Everyone knows Pax, Volcano, and JUUL. But no one knows Greenlane because of the bad timing of their IPO and the subsequent JUUL flavor ban. It’s crazy. They’ve already broke all time high for the year. But I’m holding until they break 1B market cap. +* Recently became the exclusive distributor for the world's first [gravity powered contactless water hookah.](https://www.globenewswire.com/news-release/2020/11/18/2129049/0/en/Greenlane-Becomes-Exclusive-Distributor-for-World-s-First-Gravity-Powered-Contactless-Water-Hookah.html) +* Overall i think too many people count it out just because of their IPO and subsequent decline in JUUL sales from the JUUL flavored pods ban. They definitely have the potential because of their strong branding and quality products. I’m betting on them having more high quality products in the future with equally loyal customers. + +&#x200B; + +**SNDL (Sundial Growers)** + +* SNDL **must close above $1 per share for 10 consecutive sessions by June 26, 2021 or it will be** [delisted from NASDAQ](https://finance.yahoo.com/news/sundial-receives-approval-nasdaq-listing-130000598.html)**.** People see this as a fear factor, I see this as “they will do anything necessary to reach $1 for a week so they won’t be delisted”.. IMHO reverse splitter probably isn’t on the table since they could have done that in 2020, but instead applied for a 6 month extension after announcing “alternative strategic investments”. We can already see this by their **predatory loan SPAC spinoff.** +* Rumors of a merger with CGC; SNDL also purchased a SPAC recently and entered an agreement with Zenabis, immediately claiming they defaulted. Turning that SPAC into predatory loan/debt repurchasing company. Imo if they want to complete a merger, it would be easy to sell ownership through that SPAC to the buyer. +* **THEY RECENTLY WENT** [DEBT FREE](https://www.prnewswire.com/news-releases/sundial-announces-completion-of-financial-restructuring-and-debt-free-status-301196607.html) by selling off unprofitable assets in the business. This means we are much more likely to see earnings in future quarters, and they are much more attractive for mergers. +* Because they are indoor growers, they are more likely to be bought up by a company in the consolidating Canadian cannabis market than fail all together. The amount of space licensed to grow cannabis in Canada is now heavily skewed toward outdoor cultivation instead of indoor for the first time, [according to new data from Health Canada](https://www.newsbreak.com/news/1501283915298/licensed-outdoor-cannabis-canopy-exceeds-indoor-for-first-time-in-canada). A growing population of licenses for outdoor growers means that there aren’t as many indoor licenses being given out... If a company **ANYWHERE IN THE WORLD** wants to **quickly expand into indoor growing OR into the west**, they would have to purchase an existing company that has the license to quickly do so. This is WAY faster, and a guaranteed way to obtain a license rather than applying for one and waiting x amount of months and be rejected for some requirement that wasn’t met. +* From my own experience, outdoor cannabis is subpar quality to indoor grown cannabis. So a growing market for outdoor cannabis doesn’t necessarily mean its better... it is likely just cheaper. I would imagine a high quality “craft cannabis” company would want to purchase SNDL, or an existing outdoor growing company that wants to quickly expand to indoor grown cannabis. With this being a Canadian company, there’s a chance a company in another country like Israel would be interested in purchasing it in the near future. + +&#x200B; + +**PLNHF (Planet 13 Holdings)** + +* Biggest tourist trap in Las Vegas if you’re a stoner, casual smoker, or just wanting to try it. From my own experience, I think they will continue to be successful. If I went around the US trying other brands I’d probably be more confident in putting 5-10% of my portfolio into those picks or choosing to not include them lol. Like for example, I used to have Curaleaf. But there's tons of bad feedback on Curaleaf, a friend has tried it said the nug is really subpar quality and if I tried their nug I’d probably confirm that I wouldn’t want to invest in them. With PLNHF, i’ve seen the ambience and tried the product myself. It’s definitely a lot of hype price wise, but still quality. This is my own bias showing, but I still think they’ve got solid fundamentals and excellent location/strong US branding. + +&#x200B; + +I’m well aware of other good stocks like GTBIF, CRLBF, SSPK, TCNNF, GRWG.. but these stocks **haven’t been swinging as hard in response to pro-cannabis news**. E.g. ***TLRY, SNDL, GNLN swung more than 20%*** some days from pro-cannabis news...I will likely reduce my current positions shortly after inauguration, after some news about the timeline for cannabis legislation, and diversify my positions more between these other good picks. + +&#x200B; + +**2021 is the year of cannabis boys** +There are so many different technologies in development right now. By 2025 all new chevy vehicles will be electric. There are startup trucking companies building fully electric fleets. + +VR is growing more and more every week. + +Metamaterials are a promising technology with a wide range of capabilities and applications. + +The list goes on. + +What technologies are you keeping your eye on? +Hello again folks. This is an extension of my [DD last week](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/) in which I shared some research on short positions, GME’s debt, and some speculation on institutional investing. Since that post, GME is up 75% and there’s been lots of good [bullish](https://www.reddit.com/r/wallstreetbets/comments/kyuu13/gme_margin_changes_and_their_implications/) / [bearish](https://www.reddit.com/r/wallstreetbets/comments/kyoixl/gme_option_margin_and_other_factors_for_trading/) DD on the short term. + +In this post, I’m going to cover 3 topics, focusing on the mid-to-long term prospects for GME: 1) Cohen, 2) GME’s market cap potential, and 3) potential investors that could continue to pile in. + +**TL:DR;** You need to think about GME differently. Not as a trader. Not as an investor. You need to think like a venture capitalist. This is an **unprecedented** opportunity, and the first time I’ve gone all-in - *I’m more bullish now than when the stock was trading sub $15.* If you’re in GME you need to get in ***with conviction*** otherwise you’re going to lose by selling when it drops. + +# Quick aside - my history and positions: + +I’ve been a passive investor for many years. This is literally the first time I’ve taken an interest in becoming an active investor. I opened an RH account in August to start speculating on GME. My [first post](https://www.reddit.com/r/wallstreetbets/comments/isn2g0/cheap_gme_calls_for_a_potential_lottery_win/) called out some cheap lottery plays that took my speculating account from $5K - $20K in 3 weeks. I’ve since posted a few times on GME, [even trying to tell you to buy the post-earnings dip](https://www.reddit.com/r/wallstreetbets/comments/k9c95d/gme_earnings_thread/gf4g5vn?utm_source=share&utm_medium=web2x&context=3), and added more to my active trading accounts. I’ve taken $10K -> $130K on RH and $230K -> $480K in IBKR since slowly adding to GME since September. + +**UPDATE**: I have deleted my positions in this post - will explain why in my next post. I'm still holding. + +All that being said, thus far I’ve been thinking about GME as a *trade* \- trying to get in at the lowest cost I could for the maximum upside on a near-term exit, but **I’ve switched completely** into thinking of GME is a **ridiculously asymmetric investment** with massive potential in the next 2-3 year timeframe - even at $35. Even at $45, $50, $60. That’s why I added roughly 2500 shares on Friday at around $36 despite adding very cautiously when GME was below $20. I’m also completely all-in on RH with options (mostly deep ITM, a few fds) - $0 buying power left. + +Grab a drink, sit down. Let me tell you why I’ve gotten more aggressive, and probably why you shouldn’t worry about what price you pay right now, as long as you’re willing to **believe and hold.** + +# About Cohen (and friends) + +From the [recent 8K about the board changes](https://news.gamestop.com/node/18396/html) (which you should **definitely read** if you’re putting serious money in): + +*As part of the Agreement, RC Ventures has agreed to* ***customary standstill provisions***\*, which provide that from the date of the Agreement until the earlier of (a) the date that is 30 calendar days prior to the deadline for the submission of director nominations by stockholders for the Company’s\* ***2022*** *annual meeting of stockholders and (b) the date that is 120 days prior to the first anniversary of the 2021 Annual Meeting (such period, the “Standstill Period”), RC Ventures will* ***not, among other things: (i) acquire beneficial ownership in, or aggregate economic exposure to, directly or indirectly, more than 19.9%*** *of the Company’s outstanding common stock; (ii) make any proposal for consideration by stockholders at any annual or special meeting of stockholders of the Company; (iii) make any offer or proposal with respect to any extraordinary transactions; or (iv) seek, alone or in concert with others, the appointment, election or removal of any directors in opposition to any recommendation of the Board, in each case as further described in the Agreement. As part of the Agreement, the Company has permitted RC Ventures to acquire, whether in a single transaction or multiple transactions from time to time, additional shares of the Company’s common stock to the extent such acquisitions would result in RC Ventures having beneficial ownership of less than 20.0% of the outstanding shares, without triggering the restrictions that would otherwise be imposed under Section 203 of the Delaware General Corporation Law (the “DGCL”), and RC Ventures has agreed that upon acquiring beneficial ownership 20.0% or more of the outstanding shares of the Company’s common stock, the restrictions under Section 203 of the DGCL would apply to a potential business combination with RC Ventures as an “interested stockholder” (as defined in Section 203 of the DGCL).* + +This is critical: **This agreement was the result of a negotiation** between Cohen and the existing board. + +1. After his [activist letter calling out the board](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) and then [13D](https://fintel.io/doc/sec/1822844/000119380520001571/e620151_sc13da-gamestop.htm) buy after the earnings dip rocketed the stock up from 12 -> 20, it was clear to everyone that RC was the reason GME’s stock was heading up. The GME board was afraid of a hostile takeover / losing their jobs. This agreement allowed Cohen and 2 others on the board as long as he didn’t attempt a hostile takeover. +2. Cohen wants it all. In the activist letter, he publicly said “no” to just one board seat. He then publicly bought more as soon as Sherman threatened a shelf offering to dilute him below 10%. + +In addition to getting added to the board, Cohen brought along [2 execs who built Chewy with him](https://www.globenewswire.com/news-release/2021/01/11/2156168/0/en/GameStop-Announces-Additional-Board-Refreshment-to-Accelerate-Transformation.html): + +* Alan Attal - the previous **COO and CMO of Chewy** (2011 - 2018) +* Jim Grube - the previous **CFO of Chewy** (2015 - 2018) + +He’s not fucking around folks. He wants to build another Chewy, and he’s bringing the people who helped him do it the first time to do it again. + +As a result of the agreement, he’s limited to buying up to 20% of shares until 2022. **Why not 13%? Simple - Cohen wants the option to buy more.** He’s not happy with a single board seat; he’s not going to settle for simply getting added to the board; and **he’s not going to settle for 13% ownership.** + +Also, remember that **Alan and Jim have 💲 to buy in** as well. I haven't seen their holdings yet. Their time is worth more than their money and they've already decided to put their time in. + +## Cohen is not an exec - he’s a founder with an all-in mentality + +Go read this [bloomberg Cohen interview](https://www.bloomberg.com/news/articles/2020-06-05/chewy-founder-cashes-out-bets-on-apple-wells-fargo) to understand his mindset. + +1. Cohen himself is an all-in person. Key quote: + 1. *“When I find things I have a lot of* ***conviction*** *in, I go* ***all-in***\*.”\* + 2. Cohen is a founder that has gone through the successful creation of a startup. **When you are startup founder, most of your NW is tied to equity in your company.** You are trained to have skin in the game. You’re not allowed to think you have a safety net. You give up years of your life and bet everything because you have to believe in what you’re doing. **Founders typically have 30-50% ownership of their company.** + 3. *“Cohen uses the word “conviction” a lot. He says it’s something he learned from his father, who ran a glassware importing business in Montreal where Cohen grew up. “He taught me how to block the noise from the masses,” says Cohen. “To have a point of view and have conviction and not waver.”* +2. He only sold Chewy rather taking it to IPO because of his Dad’s health. He cut his entrepreneurial career short and he’s itching to get back in. +3. Cohen sold Chewy for $3.35B, with estimates stating he personally walked away with about $600M after taxes. +4. Cohen has a lot of capital to buy more. After selling Chewy, he went all-in on Apple & WFC, which as of June was **up 40%**. + 1. *“ Cohen says his portfolio, when including dividends and a few other stock holdings, has returned more than 40% over the past 3 years, beating the market.”* + 2. Aapl **was his largest holding, and** **is up another 50% since June 5** when the Bloomberg article was published. + 3. Cohen lives in FL - with no income or capital gains for individuals, unlike other founders who live in CA which taxes all cap gains as ordinary income. + 4. I’m going to estimate *his net worth (minus his GME holdings) is around $800M-$1B.* +5. Cohen’s 9,001,000 (it’s over 9000! 🐲🏐) shares have thus far been purchased at something like an average of $12/share, for a total investment of around $110M. + +So Cohen has put in $110M out of his $1B into GME. **Does that sound like he’s all-in?** Absolutely fucking not. Cohen’s **going to buy up to the max he can this year** (20%), likely by selling some other holdings prior to [cap gains tax law changes](https://www.wealthmanagement.com/high-net-worth/guide-potential-tax-law-changes-under-biden). He can **add more next year** after the standstill period is done. + +## What will lead to Cohen’s next purchase of GME + +Thus far, every RC purchase has been *about sending a message*. + +1. Prior to Q3 earnings, his purchases were signaling an intent to the board that he was serious about wanting to get involved. He also rubbed it in their faces that the stock price was largely appreciating because of him. From the [activist letter](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf): + 1. “We recognize that the Board may feel it is insulated from stockholder scrutiny after adding new directors this past spring and seeing a recent stock price uptick **(which only came on the heels of RC Ventures filing its 13D)”** (what a *fucking burn*). +2. If there was any doubt about RC’s impact on the stock price, it was put to rest after Q3’s earnings, where the current leadership’s hubris and threat of diluting RC led to a drop of almost 30%. RC then bought the dip, shoved it in their faces, and the market GME again rocketing GME to 20 in a massive post-earnings recovery. Message sent again - “The market wants me. Let me the fuck in.” +3. Now that Cohen and the Chewy folks are on the board, he’s going to angle for CEO. He’s not looking to **advise** GME. He wants to go all-in, to run GME. *He’s holding the optionality of buying more based on the success of his attempt to take over GME through non-hostile means.* + +**If you see Cohen buy more GME, he’s sending another message.** This time it’s because it’s clear to him he’s going to be CEO and wants to max his skin in the game. **If you see Cohen buy, it’s “CEO talks going well” - you fucking buy.** + +# GME’s market cap potential + +1. Cohen sees a [$200BN+ total addressable market cap for gaming by 2023](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf). For contrast, Chewy was playing in the pet food/supplies market, which has a total addressable market (TAM) of [under $50BN annually](https://www.americanpetproducts.org/press_industrytrends.asp). **GME’s potential is at base 4x that of Chewy.** This **does not even account for the pc gaming hardware market**, which is another $[35BN](https://www.statista.com/statistics/269244/graphics-hardware-market-value-in-the-gaming-segment-since-2009/#:~:text=In%202019%2C%20the%20global%20gaming,by%20the%20end%20of%202020.)\+. +2. Chewy’s market cap is [$44BN](https://www.google.com/search?q=chewy+market+cap&oq=chewy+market+cap&aqs=chrome..69i57j0j0i22i30l3.6432j1j7&sourceid=chrome&ie=UTF-8) on [$6BN](https://s23.q4cdn.com/610444331/files/doc_financials/2020/q3/3Q-2020-Earnings-Press-Release-FINAL.pdf) of annual revenue. +3. Chewy’s Q3 quarterly income was up 45% YoY. While GME’s quarterly income was down YoY, [its e-commerce revenue was **up 257%** trouncing Chewy’s growth rate](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-third-quarter-results-positive-start-fourth). +4. GME’s Q4 early sales preview reported [**300% E-commerce growth and annual run-rate of $5BN**](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-2020-holiday-sales-results) + +In other words, *even if you give GME’s physical locations no value*, GME’s ecommerce business is **growing 5x faster than Chewy** and already has 75% of online revenue. + +**Summary:** Chewy is priced > 7X times its annual **total revenue**. GME is priced at .45 **its annual ecommerce revenue,** despite GME having **5-6 greater TAM** and growing its ecommerce business **5X as fast Chewy.** + +What. The. Fuck. + +I’ve never seen a stock more mispriced. + +People talking about $100 price targets are suffering from a *fucking lack of imagination.* + +Even if you *completely* discount + +1. GME’s physical business +2. its rev sharing partnership with MSFT +3. its 5x faster growth and 5x TAM + +and give GME the same P/S multiple that Chewy has on its ecommerce business, **that puts GME currently at a fair market cap above $35BN.** That means GME should be **at least $500/share.** + +In pictures: + +&#x200B; + +[Comparing Ecommerce Revenue vs Market cap on Chewy vs GME today](https://preview.redd.it/ig5kkkan38c61.png?width=932&format=png&auto=webp&s=f6a955c07ef3502d4644fc0b35949c9d0726c4af) + +&#x200B; + +[Showing what the fair market value Market Cap of GME would be with Chewy's P\/S](https://preview.redd.it/qtac0v6r38c61.png?width=915&format=png&auto=webp&s=54331bbdf749bdea5818092970edf17094d6e752) + +&#x200B; + +[Fair Market Value \(using comps\) of GME is at least $500\/share.](https://preview.redd.it/gimdi0au38c61.png?width=914&format=png&auto=webp&s=68b7a548c7125ccb14d3e93c78f8c24f5123e2ed) + +**$35/share is a fucking steal.** Who cares about the short-term dips as shorts try to weasel themselves out of their positions. The market will eventually wake up to this sleeping beast. In a year you’re not going to care if you got in at 4, 12, 20, 35, or 50. You’re going to only care if you’re in or not. + +&#x200B; + +# Potential Investors + +An asset is only worth what someone else is willing to pay for it, right? So are the potential buyers of this growing company? + +Here’s a list in decreasing order of likelihood. + +1. **Elon** (Least likely, completely improbable, but cataclysmic event). Elon hates shorts. Elon, with TSLA, went through the pain that GME is going through. TSLA almost went bankrupt because shorts were pushing the price down so it was difficult to raise the cash they needed to survive. Sound familiar? ***Elon’s wealth swings more in a day than GME is worth in entirety.*** Elon could **buy all the fucking float of GME with what he makes in 8 hours**. One call from fellow entrepreneur and [aspiring twitter-meme-god](https://twitter.com/ryancohen) would absolutely wreck the game. + 1. **If you are short gamestop**, you are one meme purchase by the richest man in the world away from a fucking cataclysmic event. "Hey son, I heard you like games. So I bought you gamestop. All of it." 🚀 +2. **Buffett** (More likely, still improbable). I’m actually amazed that while Buffett & co were lamenting that there are no interesting stocks to invest in and moving to cash, that they absolutely missed the boat on GME while it was at its lows. It’s a complete value play right up his alley (in a business he can understand). My only hypothesis here is that the market cap is too small and he could not make a meaningful investment. Once GME grows to a more respectable market cap ($10b+) I can see Buffett stepping in and making an investment. +3. **Cohen’s connections. (Highly likely if Cohen is CEO).** This is the big one. And I mean absolutely nail in the coffin re-pricing of GME for the foreseeable future. [Go read this Harvard Business Review piece](https://hbr.org/2020/01/the-founder-of-chewy-com-on-finding-the-financing-to-achieve-scale) on Cohen specifically on how Cohen puts importance on raising money and the people that backed him. + 1. Look, I’ve started a startup before in the valley (unsuccessfully unfortunately). However, you don’t start a company without making a shit-ton of venture capitalist & angel investor connections. Cohen has stated that when pitching Chewy he was rejected by [over 100 investors](https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=4e3c77f95840). I can absolutely-fucking-guarantee you that every single one of them remembers their mistake and would not miss the opportunity to invest in Cohen again. And don’t forget all of the investors who DID invest with Cohen and reaped the benefits with Chewy. While venture capitalists don’t generally make investments in public equities, this is a **truly unique situation. Cohen is treating this like a rebirth, a new venture bootstrapped from GME’s bones.** If VCs as a firm will not invest, you can bet your ass that those individuals will throw their personal money at Cohen. **However this only happens if he’s CEO.** As soon as he’s CEO, a single long weekend trip to the valley might mean 100+ investor meetings with the strategic pitch. + 1. My biggest fear here is that VCs/PE band to take the company private at some small multiple (2-3x) and then reap the benefits while Cohen turns the company around only to re-list it to us 5 years down the road at 30X the valuation. + 2. Thus far, it’s been us retail retards vs the wall street shorts. HFs shorting this thing have the advantage in both tactics and capital. However, **if Silicon Valley money starts pouring money into this the game is over.** You cannot believe the amount of money that gets thrown into startups with 90% of it burning up into thin air. $3B market cap? That’s nothing. Folks with Silicon Valley money & risk tolerance would have no problem betting on a serial entrepreneur making something amazing out of a company that already has a customer base, revenue, distribution - all in the same business (e-commerce) the entrepreneur already proved themselves in. +4. **You, and every other retard that believes.** Look, this was my point at the beginning. You need to think like a VC here. VCs are the ultimate YOLO autists making million dollar bets and not seeing a penny of it for years. They are the ultimate 💎✋🤚. **You need to decide if you have conviction** for the long term and then buy in. 💎✋🤚 doesn’t mean selling at $100. It doesn’t means selling at $200. **It means not selling at all this year no matter the price, and at least until you learn for sure whether Cohen is the new CEO**. It means believing so hard that you 20-100X your investment in 2 years when the market wakes up to the ridiculous mispricing. + 1. Remember that if Cohen is elected CEO he can (and likely will) buy more than a 20% stake in 2022. + 2. Remember Buffett’s actual quote: [**"The stock market is a device for transferring money from the impatient to the patient."**](https://www.forbes.com/sites/investor/2018/01/30/winning-in-the-market-with-the-patience-of-the-wright-brothers-and-warren-buffett/?sh=26303ec3633b) + +**I’ve put every dollar I can** into shares in IBKR, minus some April calls. I hold no covered calls except for some call spreads I had in RH prior to recent bump. I have April calls because I will put more cash into GME after taxes are done, and I know much cash I have to use. Calls let me cap the price I would have to pay now. + +This is personal research. **Do your own DD.** + +A wiser investor than me gave the advice of ***“Don’t aim to maximise profit, minimize regret.”*** If you’re not in GME yet, ask yourself how you would truly feel if what everyone here is saying panned out to be true, and you weren’t participating. + +Oh, and of course: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**Update 1:** I'm still holding today, but I realized I made a pretty big mistake on the ecommerce revenue analysis. GME's 2019 e-commerce revenue was 1.35B (not 1.35B for the quarter), so divide my price target by 4 - $125/share or $8B market cap. +Today we are going to explore one of the most important topics when it comes to technical trading - Support and Resistance. Having a thorough understanding of what support and resistance levels are, how to identify them, and how to use them to influence your trading decisions, will drastically improve your results as a trader - no matter what market or timeframe you trade. + +I have seen many posts whilst browsing this subreddit that convey support and resistance in a very complicated and confusing manner. My goal today is to break it down for you into a very simple and easy-to-digest article. I am going to cover what levels of support and resistance are, and why they’re important. I’ll explain an easy 5-step process to drawing support and resistance on any price chart. And I’ll also cover some of the common mistakes that beginner traders make when it comes to support and resistance, as well as how they can be avoided. ***If you'd rather watch a video (as opposed to reading this post) about Support and Resistance, skip to the YouTube link at the end of this post.*** + +**What are Support and Resistance Levels?** + +Support and resistance levels are specific price levels, or areas, at which there has previously been either a strong supply or demand, resulting in excess pressure from either buyers or sellers with enough force to cause either a disruption or reversal of the prior directional move of price. + +Levels that have acted as either support or resistance in the past have a higher probability of doing so again in the future. This is because other traders will already be aware of how price behaved around specific price levels in the past and will be looking to capitalize on similar patterns of price movement in the future. +We can use levels of support and resistance to help us make better-informed trading decisions by using the information that they offer us to ensure the odds are in our favor when implemented as part of a trading strategy. +They offer us information such as areas where buyers or sellers may be more likely to enter the market, they can be used as logical places to enter trades and also as areas of market structure to define stop-loss locations. + +**How to draw Support and Resistance on a Price Chart** + +Having support and resistance levels drawn on our price charts will help us identify potential inflection levels in advance and help us structure our trade plans. There are many ways to go about drawing support and resistance levels on a price chart. For the purposes of this article, I have summed up an encompassing way to do this in the following 5-step process. +Before beginning this process, you will need to open a price chart and zoom out to see the range of relevant historical price data. The further away that the historical price data is from the current price, the less relevant it will likely be to your trading today and into the near future. + +**Step 1:** Mark the absolute high and low of the displayed price range. +The high and the low of the price range are important levels to be aware of as they are easily observed by traders using all timeframe charts. Furthermore, the all-time high (or recent high) is generally an important level of resistance that can provide powerful trading opportunities. + +**Step 2:** Mark significant reversal points which were followed by drastic price moves. +For this step of the process, we want to mark the most obvious reversals, ones that were followed by a drastic move in the opposite direction. The reason that we are only marking the most obvious levels is because we want to have the same levels as the majority of other traders. Other traders entering or exiting the market in unison is what creates the effects of support and resistance. + +**Step 3:** Mark levels that have rejected price on multiple occasions. +Levels that have rejected price on multiple occasions are generally going to be quite obvious to other traders and will potentially be observable from multiple different timeframes. Levels that have rejected price multiple times in the past will potentially continue to do so into the future. + +**Step 4:** Levels that have acted as both a support and a resistance. +Levels that have acted as both a support and a resistance are rather important to have marked on your price charts for the same reasons as mentioned before - many other traders will also be aware of them. + +**Step 5:** Levels that have acted as a support or resistance more recently. +The levels that have acted as a support or resistance in the recent past are likely both closer to the current price and fresh in the memory of other traders. These are generally going to be the most relevant levels to your trading today and into the near future. + +I’m sure by this point you’re beginning to understand the theme here. We want to mark the most obvious and significant levels on our charts. Levels that are very obvious or significant will be observed by many traders over a variety of different timeframes and are the most likely levels to act as support and resistance in the future. **If you would like to watch an example of this 5-step method, check out the YouTube video at the link below.** + +[Example Support & Resistance Levels](https://preview.redd.it/e3cvyjny83x61.png?width=2152&format=png&auto=webp&s=426a260659daddcea93e688b6b583ea1426d280a) + +**Common Support and Resistance Mistakes** + +There are many common mistakes made by beginner (and some more experienced) traders when it comes to support and resistance. I am going to tell you about the most frequent ones that I have observed, as well as how they can be avoided. + +The most obvious and frequent mistake that I see is traders having far too many levels drawn on their charts. Some of the charts I have seen posted online look absolutely ridiculous with lines and drawings all over the place. More lines does not mean more profitable. In fact, it likely means more confusion resulting in poor decisions and ultimately less profit than otherwise possible. +The way you can avoid this mistake is quite simple. Only mark the most relevant and most significant levels on your chart. When done correctly, you will only base trading decisions off the most important support and resistance levels, and in turn, you will only take the highest quality trade setups, giving yourself the greatest chances of success. + +Another mistake that I see made over and over again is traders treating all levels of support and resistance as equal. Some particular key levels are going to be a lot more significant than others. Levels that are observable across multiple different timeframes and have recently rejected price on multiple occasions are going to be of far more significance than a reversal point from months ago. In my experience, levels that have formed in confluence with either price exhaustion, or periods of unusually high volatility, are good examples of support and resistance levels that are likely going to be more significant in the future. +A way to avoid this mistake is to create a habit of emphasizing the levels which you believe to be of the most significance. The way that I do this in my own charting is by drawing a thicker line to represent more significant levels and a thinner line to represent less important but still noteworthy price levels. + +Hopefully, you have found value in this write-up and are able to take away some actionable tips to improve your own trading when it comes to support and resistance. +**I encourage you to check out my comprehensive YouTube video on this topic at the following link:** [https://youtu.be/drsy3wSmGOE](https://youtu.be/drsy3wSmGOE) + +*If you have any further questions regarding support and resistance or trading in general, please leave a comment below or direct message me any time, I will respond in due course.* +I was having my best day of trading so far. Made $300 before lunch. Everything was going smooth. Made a couple more after lunch to be up $420. I got cocky and risked way too much on a poor setup. Just like that I was down to $250. I took a break came back and then before I knew it was in the negative and then luckily somehow came out just above even. + +I work so hard to make gains and then a moments lapse in judgment and I’m back down. Does anyone have tips? It’s especially difficult in the afternoon to maintain my focus and then not get emotional. + +Edit: I have realized although I have a proven strategy I am not yet a professional that can go all day long without breaks. Mental fatigue is surely a major part of my issues. I realize now I need to set profit goals and learn when to walk away. At this point it’s about surviving to trade another day. +I exploited the ever-loving crap out of my strategy which I will include here for anyone who wants to make money in a bull market but need a new proven strategy for the next one. If anyone has any suggestions it would be greatly appreciated. I have been doing this full time and do not want to quit just because my strat no longer works in these conditions. + +My strat - find breaks of all time highs and buy on the close of a candle which holds into new all time highs, it can be any stock as long as the sector is also strong. I trail my stop with each outside candle in my direction and exit on the first candle against me. It made me enough to easily live off of. Sweet, simple, repeatable. We put market health in our favor. So two guesses why it doesn't work right now. (It's market health that we lack right now, so nothing sustains movement) + +Any suggestions would be greatly appreciated, not looking to just lift a strategy but something actionable would be great to hear from someone. PM me if you don't want to share with the rest of the class please, I will send you scotch and cigars lol. + +Edit 1: I am looking into the strategies you all have submitted or mentioned and will be seeing if any of them fit. I really appreciate everyone here taking time to respond, maybe this could help other traders as well! Much love. +Paper trading that is. I’ve been dabbling for 4 years, only began seriously studying and learning day trading for 3 months now, and paper trading for about 1.5 months. My win to loss ratio is 8:1, though admittedly I’ve been doing a lot of low risk trades (0.04-0.15 cent trades), but I’ve finally broken over $100 profit! I started with $500 because realistically that’s how much I would be initially playing with. I’m hoping to become a full time trader within the next year or two. I love my long term and short term SMA lines, the RSI, I use the VWAP but I don’t find much use out of that indicator. What are your favorite indicators? How can I better learn reading price action? +Most of us know that when bitcoin moves, other cryptos move, sometimes identically. + +I see many comments and posts each time it happens in an obvious way (usually accompanying a fast swing by BTC) calling it out and either asking why it occurs or attributing it to some organized manipulation. Even some well-intentioned commenters explain how there is increased confidence in the markets during a bitcoin surge and so investors jump in alts at the same time. The same can be said about a sudden fall, where bitcoin loses value suddenly and all the alts follow suite. + +When I first started in crypto, I’ll admit it confused me too. But now it makes sense and hopefully it will to you too. + +Alts are markets inside markets. Bitcoin is nested in the fiat market and alts are nested in the Bitcoin market. +In order to understand why cryptos rise and fall with bitcoin, you need to stop thinking of alts directly in fiat value, that’s too many steps. This isn’t like stocks where everything is traded against the USD. This is crypto, where everything is traded against other crypto and the reserve currency is Bitcoin. As the largest ~~share~~ number of trading pairs, BTC is the market stabilizer in the same sort of way that the USD is the reserve currency in the global market. Yes we have stable coins, but they don’t ~~dominate~~ control the market like the bitcoin pairs. + +When we compare the value of two cryptos we can forget that we are actually looking at their value in yet a third currency. You may be only looking at two coins but you are including a third trading pair of fiat. Instead, keep it simple and consider only two assets, one trading pair, at a time. During a shared price movement, look at the value of your coin and it’s movements in its value in bitcoin and you’ll see an accurate market value of your coin within crypto. The magic of the price of all coins moving in harmony falls away. If there is a significant change against BTC, you at least have a proper baseline for seeing true movement of your coins divergence from the baseline within crypto. Now you can introduce the fiat market into consideration if you want. It is the tertiary market in this trio. + +Let’s make a quick oversimplified example to drive the point home: + +If I were to buy shares in the American company Apple, which is valued in USD, and then the USD somehow suddenly rose 3% in value, would I be surprised that both the USD and the apple stock I own both increased 3% when I lookup the value in Euros? Of course not. Apple is still worth the exact same USD as before. Now since the Euro is smaller you may say the Euro fell 3% instead. It’s all relative but the point is the dollar moved and Apple stock did not, unless you care about Apple’s value in terms of a third asset. In crypto, fiat is the third asset. + + +TLDR: Matryoshka dolls & Relativity +The name of this subreddit is WallStreet**BETS**. Not WallStreet-Long-Term-Holds. Not WallStreet-Societal-Change-Needed. Not WallStreet-Stick-It-to-the-Man. Not WallStreet-Down-with-Hedge-Funds. + +It is WallStreet**BETS**. This sub was started to discuss and trade FD’s. If you don’t know what that means, then you probably don’t belong here. This sub was dedicated to 0dte puts & calls. Again, if that term is unfamiliar to you, then you probably shouldn't be here. This sub discusses strategies and plays on high-risk, short-duration, option contracts on stocks, stock indexes, ETF’s, and related securities, namely **dailies**. This sub’s idea of a long-term investment strategy is buying weeklies. This sub is most likely made up of people with ADHD, who can’t see past tomorrow, and have already forgotten what they had for breakfast. + +Occasionally, the play may be to buy and hold a stock for a short duration, but that is an exception, not the rule. + +If you want to buy and hold a security to effect change, or to stick it to the hedge funds, or to shake your fist at the Wall Street elite, then there are other subreddits for that. That is not **THIS** subreddit’s mantra. + +This sub has only one mantra: that is to make money daily. Period. We measure wins & losses in 24-hr increments. And the only thing that counts is the amount in your account at the end of the day. + +This sub is not a “get-rich-quick” scheme. That kind of thinking leads to “get-poor-quick” results. + +This sub views the stock market as a casino. Like any casino, there are strategies you can employ to improve your odds. And that is what is (or should be) discussed here. + +And like a casino, there is a high degree of risk; including risk of total loss. Do not be fooled, you should expect losses. The stock market is a “zero-sum-game”. For every winner, there must be a loser. It takes two (2) people to effect a trade. For every buyer, there is a seller. For every “+”, there is a “-“. + +This sub is **NOT** a collective. Collective action is tantamount to collusion, which can lead to market manipulation, and that is **NOT** what this sub is about. That shit will get you 10 years in ClubFed. + +And lastly, for God’s sake, we are **NOT** apes. If anything, we are **nerds**. Math nerds. Numbers nerds. And damn proud of it. We discuss the Greek’s. And if you don’t know what that means, then really, **REALLY**, you don’t belong here. + +If you want to lurk here and learn, then by all means, please do. Ask questions. We will most likely make fun of you, but ask. Someone nice will answer your question. + +**EDITORS NOTE**: Please excuse my very short account life. I am not an OG WSB, but I do get what the intention of this sub was, and I’m getting tired of reading off-topic posts and comments. I came here to make money, not to rise up against the establishment. + +**TL;DR** : This is **NOT** a collective, this is a **CASINO**. + +**EDIT #1**: I stand corrected on one critical point. An OG WSB graciously pointed out that daily's, weekly's, monthly's, LEAPS, and swing trades on stocks have always been welcomed here. But the point being, these are bets, not investments. +I received a notification from my bank that I ordered something from Walmart. The description said it was used in a different state and the info was saved by a merchant. Didn’t see that it was Walmart.com until after I called my bank to start a fraud claim. I checked my email and saw an order confirmation as well as several e-gift cards. The person made two orders of card-stock ($14 each) and $100 gift cards x2. They tried to order again but was denied due to my card limit. So I’m really confused as to why they did this. Why did they order gift cards, send it to my email and card stock addressed to my home? +I am in the early stages of working on getting a private pilots license and was wondering if anyone here had any opinions or experience. My RE vision is to maintain my primary residence where it is with family and have a grass strip here at my home so basically I can just run out back and take off weather permitting. I am within range of the gulf coast and the Rocky mountains without refueling for most planes and was looking at maybe a Cessna 210 six seater. The plan would be to get a beach home and a mountain cabin near a general aviation or municipal airport and within 2-3 hours you can be at either of them. + +Has anyone done anything similar or has plans and any advice I’d be interested to hear it. Sometimes things don’t turn out like you imagine and I’m hoping this isn’t one of those cases, the experience should be worthwhile whether I complete my dream or not I suppose. +What’s the private equity market looking like in this downturn? Obviously companies burning cash are getting penalized but what about profitable tech companies? + +Would a ~100M SaaS company with ~20% EBITDA and growing revenue ~17-20% still be appealing in this market? + +Plan has been to put a book out in the near future and explore an exit. Now I am in a spot where I have a very appealing offer that I would like to take but if an exit is still viable with the details above then I need to stick it out to capitalize on the equity play. + +Thx! +I am aiming to move to Berlin, Germany, later this year. I am well aware of the limitations as an American (i.e. 3 months in Shengen Zone). I am currently retired (age: mid-40s) with copious savings and investments. I know a Golden Visa (e.g. 300K Euro real estate purchase in Portugal) is an option. That is something I'd prefer to hold off on (until I am sure I want Europe to be my home for 2-5 years). In the meantime, I'd be looking for a long-term residency permit for Germany. Any thoughts or recommendations? Ideally I find someone on the ground with experience getting residency for high-net worth individuals. I am also open to getting a "Freelancer" VISA (I can technically be a yoga teacher). Or becoming a part-time student to get a Student Visa. Or maybe even starting a company? I am lost and need an advisor... Any thoughts or stories will help! +Salary sacrifice seems to be the most efficient way to pay into a pension, given that you not only save on the tax but also national insurance (and student loan if applicable). Fortunately mine is, but I know not all employers use it. My question is why aren't all pensions salary sacrifice, given that it is most beneficial to the employees and also beneficial to employers, as they save on employer NI contributions? + +The main reason I could find online was if it took you below minimum wage, but otherwise it seems like a win win for employee and employer unless I'm missing something? +As a college student who has a boyfriend and other friends who aren’t struggling nearly as much as I am, I feel like the resentment and jealousy just build up endlessly and make me irritable and angry. The last thing I want to do is drive these people away, but I don��t have anyone in a similar situation to talk to. When I see them spontaneously drop $30 on a new video game for their top of the line Xbox or go out to eat and spend like $10 a meal I am just filled with jealousy that turns me into a bitter, ugly person. How do I get rid of these feelings and just not care that they can do more than me? +I work for a national sales & marketing company out of our Southern California office. Currently, I am living in Orange County and being paid $44,000/year. + +I've been with the company for about 8 months now. Last week, I had the opportunity to spend an entire week with all of my counterparts across the nation. During that time, the conversation of salary subtly came up and we came to a conclusion that we are all making + or - $2k from one another despite living in cities with huge differences in cost of living. + +I did some research and found that in comparison to Boise, the cost of living in Anaheim is 43.8% higher. Employers in Anaheim, CA typically pay 14.5% more than employers in Boise, ID suggesting a comparable salary of $50,379. + +What would be the best strategy to take in order to make a strong case with my employer? How do I start this conversation? Should I suggest the salary that I am more comfortable with? + +I have developed a presentation that illustrates in detail the cost of living in my area as well as a comparisons with other regions. + +tl;dr discovered that my $44k/year salary is the same as counterpart in Boise, ID and will be presenting my case to management tomorrow + +edit: Thank you all for the great advice and new viewpoints. As of now I have decided to not lead with the cost of living argument. I will instead speak to my employer about any opportunities to transfer to an office in a different city (with a lower cost of living index.) If that is not a possibility, I will open up the discussion on the value that I have brought to the company and what I can improve upon before my one year review in hopes of earning a raise then. + +Because you’re going to make money. And that should be making people nervous. A coin that is complete vapor can go up 10x 20x 100x + +Coins like cardano created mere months ago have supposed “valuations” greater than $10 billion. +If things weren’t making sense before, they are completely off the rails now. That’s not to say cardano is a bad project...it’s just not worth it’s cost yet. + +I think the biggest thing from preventing the bubble bursting right now is that it is a long slow process to cash out into fiat unless you have BTC, ltc, or eth. + +I bought coins because I believed in them and I haven’t wavered much, but even I’m now tempted to buy any cheap shitcoin hoping it’ll 100x and I can bail out before the whole thing collapses. + +Ugh. +I have a job that pays enough for me and my life but I just found out that my little cousin is going into the foster care system. I love him to death and know that I would provide a safe and caring home for him but money is tight. I will get a small stipend from the government for having him but obviously it won’t be enough to provide everything for him. Any advice would really help. It’s always been me against the world so switching to this mindset of having someone rely on me is consuming all of my thoughts. +I created a separate (fatFIRE verified) account so I can write openly about my finances. + +I have a net worth of $28M that breaks down roughly as follows: + + $10M Vanguard index funds, in an irrevocable trust + 7M Primary residence, in the same irrevocable trust + 6M Retirement accounts + 4M Startup investments + 1M Cash + - 0M Debt + ---- + $28M Total + +My main challenge is liquidity. I’m 52, and with another $1-$2M of liquidity, I could retire now instead of seven years from now (at age 59.5 when I can tap into a $3M Roth IRA). + +Unfortunately, the irrevocable trust **\[edit: which was set up by my late father with me as beneficiary and our family lawyer as trustee\]** is hard to borrow against, the startup investments and retirement accounts are impossible to borrow against, plus my cash position is small. (It would be larger if I didn’t keep investing in startups!) + +For example, the house has no debt whatsoever. I tried to get a $1M HELOC from First Republic, but despite the very low LTV of 14% they still asked me to co-sign personally, and my lawyers weren’t comfortable with this. (I’m also guessing that FR wasn’t thrilled that loans to irrevocable trusts can’t be sold in the secondary market.) + +The $10M in index funds would be a perfect candidate for a Schwab Pledged Asset Line, but alas, only “individual, joint, and revocable living trust registrations are eligible”. Vanguard does not have this restriction, but the rates are higher and it’s a loan rather than a line of credit, which makes it much less desirable. + +I could really use advice on how to borrow against the trust assets (other than the suboptimal Vanguard margin loan or, even worse, so-called “hard money” loans). If I could find a securities-based line of credit provider who does irrevocable trusts, I’d be home free. + +Yes, I could just ask the the trustee to sell assets and make distributions as needed, but that means spending down the corpus and paying taxes, which are both to be strenuously avoided. + +I hope these questions are relevant to other fatFIRE members, especially those approaching the finish line! + +**EDIT:** Many thanks for all the insightful comments! I should clarify that I am not the trustee, just the beneficiary. The trustee is open to the idea of a credit line, so I'm helping out with the research even though I'm not the decision maker. Any loan would be signed by the trustee (and yes, the trust agreement has clear, broad language that allows trust assets to be used as collateral). + +**EDIT 2:** I should also clarify that if I wanted to, I could simply ask the trustee for principal distributions, but I'd rather leave the principal to grow. Having the trust get a line of credit (which in turn gets loaned out to me) would boost my liquidity while leaving the trust principal in place. + +**EDIT 3:** I did not set up the irrevocable trust; it was set up by my late father for estate planning purposes, with me as beneficiary and our family lawyer as trustee. +I am in a weird dilemma. I work in Faang for a few years now (should we say Maang now?). After years of boring and unremarkable work and salaries, career growth has been remarkable since I moved to California and worked for a big Faang. Now making about 700k, saving about 300k per year. + +I think I am on a steady path to fatFIRE. In particular if we were to move back to Europe, where we still own a place. + +But if we want to stay here and buy a place, nothing is nice below 1.6-1.8M and that would set us back by years. Maybe even 10 years if we go to a more expensive place. + +Anyone feeling it is fatFIRE elsewhere (anywhere almost) or owning a place in Bay Area ? + +I am inclined to keep renting for now, we save. Buying is currently at about 500x monthly rate, seems too high. + +44M, married, 3kids, stay at home spouse. +NW: 1.5M, mostly index funds. + +EDIT: +- discussed with SO, I think there is no way we will move in the next decade :) She loves it here. The network of friends is her #1 value. +- re-did the maths for cash flow vs FIRE number. I used the rent vs buy calculator from realtor.com, and checked the assumptions for mortgage rate, tax bracket (for interest tax savings), property tax, etc. +- renting, I can FIRE in 6 years with a 150k/year budget +- $1.5M house -> +27k on cashflow, I can FIRE in 8 years with a 177k/year budget +- $2.0M -> +57k, 11 years, 207k/year +- $2.5M -> +83k, 13 years, 233k/year + +-> so a 1.5M-2.0M house would push by 2-5 years only actually. Given that my youngest is only 5yo, maybe that acceptable to work for still 11 years, and retire at 55. Not really early, but better than 67 I guess... + + +Twitter's stock will be delisted from the New York Stock Exchange on November 8, according to a new filing with the U.S. Securities and Exchange Commission. This comes a day after Elon Musk completed [the company's takeover after a lengthy ordeal](https://techcrunch.com/2022/10/27/elon-musk-bought-twitter/) late Thursday. Incidentally, the delisting is taking place on the same date as the U.S. midterm elections. + +"The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on November 08, 2022, pursuant to the provisions of Rule 12d2-2 (a)," the [filing reads](https://www.sec.gov/Archives/edgar/data/876661/000087666122000890/0000876661-22-000890.txt). + +It also indicated that [the merger](https://techcrunch.com/2022/10/27/elon-musk-bought-twitter/) between Twitter and Musk's subsidiary X Holdings II, Inc. was complete. Musk's X Holdings I, Inc. will now own all the stock of the social network. + +"The merger between Twitter, Inc. and X Holdings II, Inc., a wholly owned subsidiary of X Holdings I, Inc., wholly owned by Elon R. Musk became effective on October 27, 2022. Each share of Twitter, Inc. Common Stock was exchanged for USD 54.20 in cash, without interest and less any applicable withholding taxes. The Exchange also notifies the Securities and Exchange Commission that as a result of the above-indicated conditions this security was suspended from trading before market open on October 28, 2022." + +At the time of writing, Twitter's stock was trading at $53.70 — slightly lower than Musk's buying price of $54.20. Twitter won't have to make quarterly disclosures like its monthly active users or its earnings as a private company. But financial institutions that have lent money to Musk will pressure the billionaire to make the company profitable. + +The social media company will likely form a new board after the current members will dissolve. Musk will have to also pick a new executive team, as one of his first steps after taking over was to [fire CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and head of legal policy, trust and safety Vijaya Gadde](https://techcrunch.com/2022/10/27/elon-musk-fired-top-twitter-execs-including-ceo-reports-say/). Musk is [likely to assume the CEO position](https://techcrunch.com/2022/10/28/elon-musk-will-reportedly-take-the-ceo-role-after-exec-exodus/) for the time being, but he might hand it over to someone else in the long run. + +A report from [Bloomberg](https://www.bloomberg.com/news/articles/2022-10-28/twitter-s-twtr-top-bosses-poised-to-exit-with-100-million-as-musk-takes-over) noted that Agrawal is set to receive nearly $50 million while Segal and Gadde will get $37 million and $17 million each as part of the severance package. + +While the Tesla CEO squashed rumors [of him firing 75% of Twitter's staff](https://techcrunch.com/2022/10/26/now-elon-musk-says-he-wont-fire-75-of-twitters-staff/), the current set of employees are still [preparing for a massive layoff spree](https://www.latimes.com/business/story/2022-10-27/twitter-employees-brace-for-massive-layoffs-as-elon-musk-completes-his-acquisition). +I’m posting this with a throwaway for obvious reasons. + +I moved in with my boyfriend of six months. Everything was going great. We both were benefitting from the combined financial situation, sharing household duties, spending more quality time together, etc. He treats me really well. + +But something must be mentioned about my partner. He is a simple, 23 year old Indian guy. His highest level of education is a diploma in automotive engineering, and he drives food trucks for a living. He’s extremely naive and I have recently found out just how bad he is with finances. I did notice he was bad at saving but had a steady income and we were just busy getting our new apartment set up, etc. Now I say this with the purest intentions. I feel he may also have an undiagnosed learning disorder such as ADHD. I work with children/education and have learning disorders myself so I can recognise the signs. He is literally so bad with understanding financial concepts. He didn’t even know what any of these concepts are: credit rating, credit report, debt collector, etc. + +He was getting a lot of calls from a debt collector (Lion Finance). I asked him if he had any debts not paid. He said ‘no’. I went online and made an account on website to check his credit rating. The credit rating was showing ‘okay’ (619) with no defaults and a few enquiries. Nothing out of the ordinary so I figured the Lion Finance people were just spammers. + +A couple of months later, he had made a couple of applications for credit and got rejected, due to failing the credit check. I said ‘this doesn’t seem right’ and we made an account on another website for the credit check and his credit rating was COMPLETELY EFFED UP. It was showing two defaults of around 16,000 (so around 33,000 default in total) from a commercial bank which had been transferred to Lion Finance. Finally after asking him what the fuck is going on, I thought he might have been scammed because he was convinced he never applied for credit, he told me the truth. + +Now I have been involved in the Indian community for a while even though I am Aussie. I know they do some dodgy AF things for money, immigration, etc. He told me that, two years ago his friend from the same ethnic background told him he has a friend in Sydney who works for a bank and could get credit cards for people basically ‘under the table’. i.e. dodgy credit approvals. And he just needs my partner’s licence. My partner (ridiculously stupidly) handed over the licence and got the credit card two weeks later. It was agreed upon that for his dodgy deed, the guy in Sydney would also use the card to an agreed amount of funds. Then, a few months later, my partner (who was studying) became unemployed and used the card to keep himself afloat, but couldn’t make any payments. The card got cancelled, eventually. As I said, he didn’t understand anything about the implications of not paying debt and just forgot about it. He literally didn’t understand how credit cards work. + +Now fast forward to now, he has a stable income and is making ends meet and trying to build his life like anyone in his mid-twenties. But upon learning all this I FREAKED OUT. Not only did he only just find out his credit rating is fucked because he didn’t pay the credit card default. But we also found out there are two defaults matching two credit enquiries from the same time. So basically I think the Sydney guy made two cards under my partner’s credit file but only gave him one and used the other himself and never paid it off. OBVIOUSLY IT WAS A SCAM!! I tried to explain to him that the DCA will try to take him to court and could declare him legally bankrupt, repossess his property, send him to jail, etc. I explained his credit rating completely EFFED for at least the next 5 years. But obviously I’m most worried about him going to court and the potential legal implications. Now naturally I would suggest he claims that he was the victim of credit card fraud/SCAMMED. But the problem is he used one of the cards (the one he knew existed) for his own college fees. So he can’t say he was in no way involved aware of the cards and HE might get blamed for intentionally committing the fraud. I am 100% certain my partner had no understanding of the illegality of what his friends were doing. He just thought his friend was helping him get a credit card. I am not denying how EXTREMELY clueless my partner was. I explained to him how important it is to be extremely careful who he gives his identification to. I think he has learned from his situation but the current issue at hand is how to fix the problem now. He keeps telling me I should not worry about it at all, but obviously our lives (and finances) are now entwined and there is a strong chance this could affect me. Not only that, he clearly has no legal or financial sense to really deal with this on his own. I’m not suggesting I will help him financially out of this situation but I intend to advise him and help him communicate with people since I have better English and understanding of the legal system. + +Anyway please don’t pass judgements on my relationship. I just want to know suggestions about what we should do. I literally don’t know what he should do as the first step. I.e. whether he should accept the debt and try to make a payment plan, whether he should dispute the debts because of their dodgy nature, or dispute one of the debts, because he literally didn’t know it existed. Anyway, please give advice if you can. +Hey guys, +Im a single person going life alone, and have finally saved up a small deposit. What is your take on buying an apartment in the CBD? Pros are that I can afford it and would love to live alone and finally stop sharehousing, proximity to public transport and I kindof like city life. Cons are I don't know how much it's gonna cost me to deal with a body corporate, I don't have confidence in the quality of buildings built post year 2000s, and I dont know what the world will be like after the pandemic (if I want to rent it out or sell it, will people even want to live in the cbd anymore?) What are your thoughts? Anyone done this before? + + +https://preview.redd.it/1w934bc1ad991.png?width=878&format=png&auto=webp&s=2e7e0713e0620395c4031e60af538acdbaa3131b + +Hello Apes, + +We would like to continue to keep you informed about the developments of DRSGME. Transparency is very important to us. We strongly believe that feedback is the only way to get better. For this reason, we try to have many avenues to receive feedback and we also try to answer every single question. + +In the last few days since the launch of the fundraising campaign, we're very glad to report that the amount of feedback has multiplied many times. We have received so many great messages and warm words, which has made our entire team extremely happy. We would simply like to say "thank you" at this point. Without the unbelievable support, hints and corrections, we would probably have been forgotten long ago today. + +At DRSGME, we represent our own opinions and ideas. We always try to do everything right and to improve continuously. We will never speak on behalf of Superstonk or any other community. As self-identified activist investors face fraud, corruption and other criminal activities every day. Suddenly a handful of retail investors are making it their business to educate investors about DRS and address GameStop's transformation process? In their spare time? And the goal is to do that even outside of Reddit? And then they ask for money too? What the hell? + +We appreciate and welcome the suspicion and skepticism. Therefore, it is immensely important for us to be transparent about what is happening in this project and what we intend to do. We are a team of over 50 people, considering the number of users on our Discord server, which has been set up to organize this project. Nevertheless, we are humans - humans can make mistakes. We work every day to improve. + +In order to help facilitate that improvement, we asked for feedback as a team from the Superstonk discord server. These questions were submitted and recorded anonymously in a Google document. The phrasing of the questions were left exactly as they were sent to us. + +We hope this exercise will help by providing our answers to some of the most pressing questions from the SuperStonk discord community and also by showing our dedication to accessibility and transparancy. + +Future Q&A sessions with our team will happen in the future as this project continues to grow and as our DRS advocacy and advertising strategies move forward. + +**1.** **Whose decision was it to produce an advertisement on Facebook using a Guy Fawkes mask?** + +*Even if it was an individual decision, we as a team at DRSGME stand united behind it. We will never put individual team members in the foreground and thus make them a potential victim of insults, hate or other accusations. It may carry more weight as a symbol and overall distract from the intended message, and we are taking this point to heart in future internal discussion to focus more on facts than on sensationalism.* + +**2. Do they (The people who chose the Guy Fawkes mask) not know it's a symbol of not only terrorism but also Anon, a hacking group that does illegal activities?** + +*It is not clear if the creators of the ad were aware of whether this symbol could be misinterpreted. Therefore, based on the feedback from the community, we also decided to pause and adjust the current campaign with the motifs.* + +*The main reason for this decision was the fact that this image is polarizing and that people associate Guy Fawkes with the will and drive to change something for the better. We strictly reject any potential affiliation with Anonymous or other groups with illegal methods.* + +**3. Also whose decision was it to include phrases like "class warfare" into the ads for drsgme.org?** + +*In none of our ads is or has the word "class warfare" ever been used. This is a false accusation and we strictly reject it.* + +**4. Who is producing these ads for drsgme.org?** + +*All ads were created internally by the DRSGME team.* + +**5. Are you aware that these kinds of advertisements are, by their very nature, dangerous not only in the misinformation that they carry, but also put those who support your organization via donations at risk of legal action?** + +*This is incendiary and we would like to have more detailed and specific instances in order to provide comment, such as which misinformation is being referred to and what kind of legal action could be justified against a citizen donor.* + +**6. Do you personally know any of the other people who you work with to promote drsgme.org?** + +*We do not understand the purpose of this question, but would like to answer it anyway. Two people within the team know each other personally. The rest only know each other via chat or digital meeting.* + +*Moreover, we have no knowledge of whether more people know each other personally. We also do not keep any personnel files. This project consists of independent volunteers only. Everyone in the team only needs a username. We do not ask anyone to reveal their true identity or location.* + +**7. Have you met any of them in person?** + +*As already mentioned, two people know each other personally.* + +**8. Can you confirm that you haven't been compromised by an agent provocateur?** + +*We cannot answer this question. What would such proof look like?* + +**9. Who is responsible for writing website copy, what discussions have been had about the copy and can we see them?** + +*The content on the website is reviewed internally in the team. When content is selected, multiple instances are run through. From the idea, to the implementation and quality control.* + +*There is no blanket answer to this question. We will not publish internal records so as not to highlight any team members individually.* + +**10. Are you aware of: "The Foreign Agents Registration Act (FARA) (2 U.S.C. § 611 et seq.) is a United States law requiring persons engaged in domestic political or advocacy work on behalf of foreign interests to register with the Department of Justice and disclose their relationship, activities, and related financial compensation."** + +*'On behalf of foreign interests' is weighted language. We didn't check if participants and contributors to DRSGME are directly registered stockholders. We do not request stock receipts. We rely on trust within the team.* + +*Our team has a personal vested passion for this advocacy. We do not collect further personal information from any volunteer contributor. We don't get any financial compensation from this project.* + +**11. Are you aware that participating in a group or organization, whether official or not, that is involved in advocating the destabilization or destruction of US financial institutions is a violation of the above?** + +*We would not agree that direct registration is itself advocating the destabilization or destruction of US institutions. Direct registration, through self-custody of share certificates, is an older element of the markets at large than brokers, the DTCC, Cede and Co and other mainstays of today’s financial world.* + +*NYSE and similar exchanges are private non-government entities subject to market whims. In a fair market, direct registration would lead to market volatility and price discovery - which would not destabilize the market in broad. Also our concern is just about informing why DRS is a good thing in our opinion. We don't suggest or incentivize anyone to buy shares. We are no financial advisors.* + +**12. The used search terms, price paid and overall strategy seem to be made by non professional people on internet marketing. How can we make sure money is not going down the drain?** + +*You can't. Donators should be aware this is a volunteer consortium of amateurs and no results or products are guaranteed.* + +**13. With a project like this, taking apes money and saying you’ll use it to expand the word of drs, the expectations are REALLY high. Why does this campaign look so unpolished and all over the place?** + +*First of all, we would like to clarify that we are aware of our mistakes (e.g. grammar that needs improvement) and this will no longer occur in the updated ads. In addition, "unpolished" is always very subjective.* + +*Moreover, as mentioned above, this project was created by non-professionals in their spare time. These people live in different countries around the globe and are not all native speakers. We mean this not as an excuse for any unprofessional behavior, but as context for it.* + +**14. Why not open an own sub where to collaborate. Not only that, why act all defensive when people on the sub correct the grammar, when it’s the sub paying?** + +*Since the independent team of volunteers mostly consists of Superstonk users, we've seen this as our home as well. We never ruled out using our own subreddit, but primarily wanted to focus on the two major subreddits related to GME to get the most feedback and support.* + +*If it seems like DRSGME.ORG representatives are defensive, please remember that we are a group of volunteers working in free time for something we all share passion for. As before, we mean this not as an excuse for any unprofessional behavior, but as context for it.* + +**15. At what point do the operators of the site recognize that their actions are, intentionally or not, leading towards divisiveness?** + +*We fail to see the issue with this. There is a clear line between owners of a stock and beneficial owners of a stock, and it's in those gray areas where market forces enact the greatest inequalities.* + +*If a party is choosing to react divisively to DRSGME.ORG content rather than engaging in meaningful criticism of the content itself, that does not make it a DRSGME.ORG responsibility.* + +**16. Does the site understand that, at this point, it appears as if the subreddit appears to be shifting from a forum to promote GME, Gamestop, and Computershare, to one that supports an off-sub site instead?** + +*We would disagree with the premise that the DRSGME site is responsible for its own popularity on a public forum, but moving direct discussion to a new dedicated sub is something we are looking into.* + +*Our intention is that the contributions of DRSGME team members or contributions with a DRSGME connection are perceived positively in the forum.* + +**17. With that in mind, does the site intend to make any kind of statement, using the platform of support it admittedly has, to call for a cooldown on pro-site brigading, and will the operators take similar steps on their own accord?** + +*We do not think a cool down is necessary. Policing community posts is not the job of DRSGME. Reddit is a place where users decide what they want to see. As long as we have that freedom, users should be included in such decisions as well.* + +*Last week's Temperature Check post (*[*https://www.reddit.com/r/Superstonk/comments/vkdbj2*](https://www.reddit.com/r/Superstonk/comments/vkdbj2/drsgmeorg_temperature_check_community_discussion/)*), the team tried to answer every single question to ensure even greater transparency and we would like to hold future discussions about how DRSGME.ORG can further improve.* + +**18. Should the site set up its own subreddit, and move all pro-site action to there, rather than sowing divisiveness on** /r/superstonk**?** + +*This question is formulated rather sharply (“sowing divisiveness”) and has already been answered comprehensively in question 16.* + +**19. Alternately, what plans does the site have to heal the current divide, keeping in mind the general attitude towards any kind of monetization as well as speaking for investors who do not choose to be represented by your site?** + +*The site is intended as an informative resource: DRS in combination with GameStop shares and GameStop's official transfer agent Computershare.* + +*DRSGME is not claiming to represent anyone and exists to spread access to information about DRS such as FAQs, Q&As, and tutorials along with ancillary information about GMEs transformation.* + +*The GME transformation is directly relevant to DRS at large because it is the only company whose investor base is choosing to invest in this way in such a magnitude. As stated before, we do not believe that there is a division that needs to be healed.* + +*We are well aware that the larger our reach becomes, the larger the community becomes. In order to create the strongest informational resource, we would like the input of all investors, whether they invest in GME or other stocks and also whether they direct register or hold their shares in beneficiary ownership.* + +**20. The used search terms, price paid and overall strategy seem to be made by non professional people on internet marketing. How can we make sure money is not going down the drain?** + +*This is a repeat question (see question 12).* + +**21. With a project like this, taking apes money and saying you’ll use it to expand the word of drs, the expectations are REALLY high. Why does this campaign look so unpolished and all over the place? Why not open an own sub where to collaborate. Not only that, why act all defensive when people on the sub correct the grammar, when it’s the sub paying?** + +*This is a repeat question (see question 13).* + +**22. What type of marketers are you referring to exactly? Affiliate?** + +*This is a repeat question (see question 4).* + +**23. How many people are on this 'ad team'?** + +*We cannot give an exact number because our internal organization is fluid, where team members are welcome to chime in on multiple projects and contribute to open discussion. There are people in the team who have certain skills and use them when they a) have capacity for it and b) feel themselves up to the task.* + +*We encourage self-drive and self-confidence in the team, we don't put pressure on anyone as this project is already time consuming. Almost everyone in our team either has a full-time job or is a student. There are currently about 5-7 people working on the campaign.* + +**24. Are you involved with the design of the advertisements?** + +*There is no one person in the team who makes decisions alone. We work with the “four-eyes principle” and try to ensure that we always have quality control before publication.* + +*Unfortunately, in one or two cases this did not work out as we had imagined. We have learned from these mistakes, discussed them internally and will work to avoid them in the future.* + +**25. Are you involved with uploading the ads to any social media services?** + +*This question is aimed directly at me,* u/derhyperschlaue*. There are 4 people in the team who have access to Google and Meta advertising platforms. I was not involved personally in uploading them.* + +**26. Do you have the final say in all decisions of the organization?** + +*This question is aimed directly at me,* u/derhyperschlaue*. I am one of the initiators of this project and have the possibility to intervene in all the tools used. I do not see myself as a leader or boss but as a mediator and organizer. My job is to connect people to achieve the best for the project. In case of a catastrophic failure or something similar, I can intervene at any time.* + +**27. If an advertisement that is regarded as 'tasteless', 'in bad form', 'misleading' or 'dangerous' was published by either you or the drsgme.org team, what steps would you take to review the advertisement and remove it if necessary?** + +*Feedback is very important to us. Feedback is the only way to improve. That being said, we on the team believe in looking forward and maintaining internal review by our volunteer graphic designers and advertising professionals.* + +*However, we think it could be a great community engagement to poll the subreddits (either a DRSGME sub or Superstonk/GME sub) for favorite ad ideas in the future and we will provide details and ideas for that in the future.* + +*We are actively exploring if a DAO with governance tokens would address this and how to implement it. The research for this is still in early phases, expect a post just for this topic as it has to be done right.* + +**28. Is the team aware that, regardless of the blanket statement "this is not financial advice", that by advertising for the site and its process, that they actually are giving financial advice?** + +*It is not advice to say that a retail investor can only own stock by directly registering their shares. It is a fact.* + +**29. Therefore, if anything goes wrong, anywhere, is the entire team aware it can potentially be on the receiving end of lawsuits by other users?** + +*We are not convinced this is true.* + +**30. At what point do the operators of the site recognize that their actions are, intentionally or not, leading towards divisiveness?** + +*This is a repeat question (see question 15).* + +**31. Can you please elaborate on the geographic location of your core and extended team?** + +*We will not share location data of volunteers. We also do not collect location data of volunteers. We also do not track location data of volunteers. If it is in our possession it was volunteered by the contributors involved.* + +**32. Are any members of your team located in countries that are presently the subject of US sanctions?** + +*We do not see the relevance of the US government sanctions to the discussion here.* + +**33. There are a lot of things about anonymity I respect, but you guys are essentially running an organized campaign and it doesn't seem like there would be any way to hold anyone accountable. We pointed out the concerns over a guy fawkes mask in an ad. If any member of your group managed to get an ad posted that caused significant legal issues would your team be able to hold them accountable for their actions or would everyone on your team be seen as an accomplice?** + +*We had support from a lawyer at the beginning of the project. However, we will probably need further support and advice as the project progresses. We are grateful for any help, feel free to contact us if you are interested in volunteering your time and expertise. Thank you.* + +**34. Are any members of your team/organization under their country's legal age of adulthood?** + +*We do not gather personal data of our volunteers. Contributions are grounded in research and internal review. Individual articles are not attributed to specific writers and the site is a collaborative passion project.* + +**35. What kind of process is in place for quality control and fact checking of content?** + +*Since the project was published, we have already received over 180 emails via hi@drsgme.com, countless Reddit direct messages as well as comments under our posts, and - as of today - 337 submissions via the contact form embedded on the website.* + +*We work with the “four-eyes principle” and want to ensure that we always have a quality check before publication.* + +*Despite this flood of feedback, we take great pride in being able to respond to most every question in a reasonable amount of time. At this point we would like to point out again that GiveAShare.com approached us to thank us for the article "How to buy a share through GiveAShare", confirmed accuracy, and additionally asked us if they could forward inquiries from their customers about DRS to us (*[*https://www.reddit.com/r/Superstonk/comments/uw8g0n*](https://www.reddit.com/r/Superstonk/comments/uw8g0n/drsgmeorg_becomes_more_and_more_popular/)*).* + +**36. Who exactly are the intended target audiences of the ad campaign? Generic investors? or GME shareholders only? Follow up questions on 37 & 38.** + +*At the beginning of the project, we were very focused on GameStop. Over time, we realized that the DRS concept is not only useful for GME shares. We are not experts for other securities and other transfer agents. For this reason, we decided to focus on DRS in combination with GameStop shares.* + +*With our articles and contributions, we would like to ensure that retail investors inform and educate themselves. We are only information mediators and motivators.* + +*Through this focus on GameStop, we also aim to educate people who have heard of GameStop about what is currently happening. One of the biggest digital transformations. Who would have thought in 2020 that GameStop would soon be one of the most downloaded and highest rated crypto wallets in the Chrome Store? Who thought GameStop would be partnering with Web3 companies?* + +*Something big is happening here. We believe that retail investors, whether already invested in GME or not, should know about this transformation.* + +**37. If the intended audience is GME shareholders, kindly elaborate on what some of the ad-campaign messages such as "save your investment before the crash", "how much debt do you have", "wall street and corporations have corrupted the political process" intend to achieve?** + +*In the case of the GME investor who already is aware of these concerns through their exposure to the collective research of the investing community, it may help to instill a feeling of resolve or the urge to act.* + +*We do agree that these lines are sensationalist, and know that they may have been chosen to drive engagement. Sometimes the facts and numbers are dry.*