diff --git "a/reddit_finance_43_250k_236.txt" "b/reddit_finance_43_250k_236.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_236.txt" @@ -0,0 +1,10000 @@ +Remember all those SOL SOL SOL names popping up on Fintel? Well, let's see what ended up happening to this stellar SOL team that ended up overlooking Simply Mac's flaming crash into the ground and subsequent delisting? + +https://preview.redd.it/0u5wkae1hu991.png?width=2000&format=png&auto=webp&s=6f404ef67c741b30e021e6b9cdd2b17361e15a89 + +**They ended up having Simply Mac make convertible notes & warrants to payout to YOU FUCKING GUESSED IT: SOL FUCKING GLOBAL. This allowed it to basically help it convert debt to cash equity that stuffed SOL's pockets.** + +&#x200B; + +&#x200B; + +Now why does this matter? Because not only did Simply Mac get delisted back in the day and switched from AWSM to SIMP, **but it fucking got delisted AGAIN** and is now trading yet even ANOTHER fucking name in the OTCMarkets: SIMPQ. + +&#x200B; + +Hell, it's so fucking bad other parts of reddit have talked about this: + +&#x200B; + +[one of the biggest subs on this site](https://preview.redd.it/jt9q4m0xhu991.png?width=1522&format=png&auto=webp&s=e58f7c45128760864e35edee0e03b5bc303e1789) + +&#x200B; + +&#x200B; + +The MacRumors user (which TBH I sourced a good amount of shit above) showed how bad their fucking run was: [https://forums.macrumors.com/threads/apple-reseller-simply-mac-shuts-down.2347535/page-7](https://forums.macrumors.com/threads/apple-reseller-simply-mac-shuts-down.2347535/page-7) + +&#x200B; + +>I worked there for a year at the Lawrence, KS location, we were a store that opened in 2020. Worked as an operations manager, and I could tell you first hand it wasn't the fault of the pandemic. Inventory was not distributed to the correct stores, and investment in EV products are what destroyed Simply Mac. The managers have worked, including myself, 35-85 hours and will **NOT be getting paid for their labor**. + +&#x200B; + +>**\[Voigt, Taylor, DeFrancesco\] are thieves, liars, and scum. They have jeopardized the lives of over 350 employees, and have displaced 99% of them within 6 months. They funneled the remaining funds into their subsidiary companies SOL Global and SOL Verano--all of 2021--squeezing Simply Mac dry before filing Bankruptcy.** A month ago they told us we were restructuring, and without warning we were all terminated and will not be paid for a months worth of labor. We have to file claims with the bankruptcy court which could take months. +> +>**Our store was filled with thousands of dollars in inventory, but was never purchased and was never allocated to stores that sold those products.** Ex, We had over 60 adapters worth 50$, but only sold 2 a month. Hundreds of cases that were never bought.. EV products were eventually allocated after months of them not being sold. + +&#x200B; + +https://preview.redd.it/g00q0jg1iu991.png?width=1552&format=png&auto=webp&s=92977b4056995b3828dd5572b2d0665df25b1d41 + +&#x200B; + +>**Apple put holds on repairs we commenced for customers, some are sitting unfinished in my store as I'm typing this. Along with finished ones that won't be released until things clear up. They continuously fired and consolidated district and regional positions to line their pockets. All Operations coordinators, regional managers and directors, all bounced from the Gmail without saying a word to the lower end employees. They are most likely all still getting paid.** +> +>These people have ruined the security of hundreds, and they deserve to be held accountable. All my claims derive from the aforementioned SEC report and personal investigation + +&#x200B; + +[into the fucking ground...AGAIN](https://preview.redd.it/q59580thju991.png?width=2510&format=png&auto=webp&s=de90da8fb4ba70ea13ab0a8b2d619e75ea77e239) + +The anger is fucking palpable. To literally perhaps due this not once, but fucking twice while lining their fucking pockets. **It was perhaps shocking to me to hear that the fuckers that ran them into the ground were fucking AROUND when GME was getting shorted during Jim Bell era (old GME CFO).** + +&#x200B; + +But there's more to this story. + +&#x200B; + +SOL Global is a name that frankly I never fucking heard of. But they are also major shareholders in something that many of you may have heard of about at some time. Especially if you were a kid in the states growing up in the Pacific Northwest (top left corner of the country for non-Ameriapes!) + +&#x200B; + +[Jones fucking Soda](https://preview.redd.it/dz2uo1asiu991.png?width=2830&format=png&auto=webp&s=1c8cd6daa278aae07be61b608683cf146c4c1a02) + +If you've never heard of Jones Soda, just know they were BIG. And big enough that they had some major names as part of their distribution. + +&#x200B; + +>On March 17, 2004, a deal was announced to distribute Jones Soda in over 3900 Starbucks locations in the United States, though Starbucks does not distribute in the United States as of 2021. On October 12, 2004, Jones Soda introduced 12oz cans for the first time with an exclusive distribution deal with Target, though other stores (including some Kmart, Food Pyramid, and Albertsons locations) now also sell the cans. Jones Soda was also sold at Ruby Tuesday. +> +>In June 2010, the company announced a distribution deal with Walmart and $10 million in financing from Glengrove Small Cap Value Ltd. + +I mean this company was HUGE...at its height in 2007 when its stock prices was in the $30s it had actually JUST dethroned Coca Cola as the official drink of the NFL team the Seattle Seahawks. FUCKING. COCA. COLA. + +If you're curious why you don't hear about this company perhaps AS much, especially when it traded on the stock market (ticker: JSDA), it might be due to what happened a few years after these distribution deals went through: + +&#x200B; + +&#x200B; + +[roll that fucking not so beautiful FTD footage](https://preview.redd.it/tui6nsjsju991.png?width=2530&format=png&auto=webp&s=012fb0eb5591e1fd2e8826a0793294a0e94b430b) + +**Near the height of its ATH at $32, a wave of nonstop FTDs seemed to attack the stock until it finally delisted in 2012**. And now I'm not saying that this was the ONLY reason for this to have led to the failing company (its NFL deal, an Alaska Airlines deal were called into question, the 2008/09 recession, as well distribution problems with its cans on store shelves) but it does back the question of being SUPER SUS that the FTDs both (in spectacular fashion) preceded and followed its ATH. + +Nonetheless, it eventually delisted from Nasdaq back then, because its stock price hovered under $1 for too long. I talked about this issue in my Spectator Mode" DD as well: + +**Different rules apply as to why a stock might be delisted across different exchanges but here are the main ones most of us know:** + +>**Don’t stay under $1 for a long time** +> +>**File regularly** +> +>**Keep a solid market cap** +> +>**Surprisingly, one late 2000s study found of all the reasons, listing at under the $1 requirement was #1 cause for delisting for Nasdaq, #2 for NYSE. Hm…** + +&#x200B; + +Seems to have checked out for Jones. Who has since been delisted and still selling products. + +**Our favorite fuckers at SOL currently went from owning 12% of the company some months back to now nearly 19% of that company now too**. All this growing interest in Jones while the company was seeking to be sold to Simply Better, a Canadian food and beverage giant, that had actually fallen through its last attempt at a sale: + +&#x200B; + +https://preview.redd.it/utvwbqenlu991.png?width=810&format=png&auto=webp&s=a55751b7c60d533208fc8559b89ae5158236db39 + +SOL Global, who has a penchant for being fucking utter distended taints to the companies that are either delisted or heading there, is probably rubbing its greedy little hands over this. + +And although this may or may not be part of the deal, there is one thing that stand to me about Jones Soda, and perhaps why it's valuable for ANYONE to own such a large part of it. + +&#x200B; + +[Your Photos here](https://preview.redd.it/eu5u9t02mu991.png?width=1846&format=png&auto=webp&s=da5595e918192abeafc72f43daed974b0ff74d43) + +Jones Soda owns some sexy FUCKING patents: + +>[**Method and apparatus for creating and ordering customized branded merchandise over a computer network**](https://patents.justia.com/patent/6845365) +> +>**Patent number:** 6845365 +> +>**Abstract:** The present invention provides a method and apparatus for creating and ordering customized branded merchandise over a computer network. A Internet site is provided that allows a consumer to create and order customized branded merchandise, such as bottles of soda. A customer may visit the WWW site utilizing a standard WWW browser executing on a computer. Once the customer has registered with the WWW site, the customer may place an order for an item of customized branded merchandise. The customer may also be asked to identify a graphic image for customizing the requested merchandise. The graphic image may be a digital photograph taken by the customer or other type of graphic image. Once the customer has identified a graphic image, the graphic image may be displayed for editing. The customer may be permitted to crop the graphic image or perform other types of image manipulations. A preview of the cropped or manipulated image may also be provided for the customer. +> +>**Type:** Grant**Filed:** December 6, 2002**Date of Patent:** January 18, 2005**Assignee:** Jones Soda Co.**Inventors:** Ernest J. A. von Rosen, Vaclav Vincalek + +&#x200B; + +[technically they own THREE patents](https://preview.redd.it/polfrddbru991.png?width=1396&format=png&auto=webp&s=7d1ad183a03ea9e032b1b32c29608ebe874f05c1) + +Ok, that's a shit ton of text. Can someone ELI5 this shit? + +>\[Jones Soda features a ton of customization.\] **Customers can also submit fortunes (similar to a fortune cookie) to be printed underneath the bottle cap**. The website sometimes asks for specific themes for photo uploads like the Patriot Photos or the Landmark Contest in order to create a special collection of labels. +> +>**In 1999, Jones began selling Jonas through a new section of their website,in order to meet the growing demand of people wanting to circumvent the photo selection process. myJones is a customizable 12-pack of bottles with which anyone can have their picture and message. The creation process involves uploading a picture (with optional photo credit of up to 50 characters) and providing customization (up to 7 lines of 50 characters). The fortunes under the caps are not customizable.** +> +>Above the picture on the label, the word "my" is added before "Jones Soda Co." to indicate it was customized and not bought at retail. + +So Jones Soda, being ferried off to other global giants after being FTD' into the ground, and being under the growing thumb of noted GME adjacent fucksticks SOL Global, just also HAPPENS to own a patent which can let people like YOU literally upload your own pics and messages to the bottles you buy? + +&#x200B; + +[If there ever was a power to the creators moment, this might be one?](https://preview.redd.it/m6lit5rsmu991.png?width=1680&format=png&auto=webp&s=84c8b58fc58b9a1c741bf50652f52de94e50368a) + +**Jones Soda not only has this patent but has even defended it in court in the past, including in 2010. Its images were used in another patent fight between a small TX company called Quark Images LLC and Adidas. Jones had been worried that Quark was unfairly using its patent.** + +This last part about Jones and its patent perhaps matters the most regarding yet another meme stock in the basket: KOSS. + +&#x200B; + +u/Sixstringsuperfly let me know of perhaps one of the BIGGEST finds about his KOSS research: that KOSS owns a MAJOR fucking patent on wireless headphones...and Apple is fighting them over it: + +>A**s you may have heard, Koss recently had some positive news regarding their lawsuit with Apple, who wanted to challenge Koss' patents for wireless headphones.** +> +>I wanted to take some time to emphasize and explore the ramifications of this lawsuit a bit further. Apple (who makes bluetooth airpods and also owns Beats headphones) is trying to challenge the Koss patents. **The Patent Trial and Appeal Board has recently decided not to review the patents, essentially ruling in favor of Koss.** + +&#x200B; + +https://preview.redd.it/ttclaw5vqu991.png?width=2110&format=png&auto=webp&s=48f0775bea7cd8cefd674679d2364bffff1294f7 + +>**So while this is HUGE in itself, there is a BIGGER play here: THIS SETS A LEGAL PRECEDENT for Koss to enforce and capitalize on its patents in the ENTIRE WIRELESS AUDIO SPACE.** +> +>Koss is THE pioneer of wireless headphones (and many other headphone innovations). It seems to have started around 1989 with the JCK/300 infrared wireless headphones, and then in 2014 with the BT540i, the first Bluetooth headphones. +> +>**So now, with this legal precedent, ANYONE selling wireless headphones is in violation of Koss' patents. This includes products from: Apple, Beats, Sony, Samsung, Sennheiser, Google, Bose, Amazon, Cambridge Audio, OnePlus, Skullcandy, etc** +> +>**ALL OF THESE COMPANIES NOW OWE KOSS MONEY** + +When I saw what had happened to Jones, it immediately reminded me of KOSS and SixStringSuperfly's find. + +&#x200B; + +\*\*\*\* + +**It reminded me again of how even shit like patents fly in the face of the shorting that we see, and how a company like SOL seems to have hands in mirrored images to what we see, in its handling of convertible debt with a GME-adjacent company, as its hand in a shorted/delisted stock with an appetizing patent for a larger buyout client. Especially regarding that convertible debt, it sounds nearly IDENTICAL to the debt that GME was loaded up with pre-sneeze...and why it was so important for RC and the board to help pay it off.** + +&#x200B; + +Even though I have no clear way to end this, and no actual conclusion, I hope you apes can dig further into any points here of interest, or any points that matter. + +And turbofuck these SHFs and private equity twatwarbles with the biggest banana Rick can find. + +&#x200B; + +**TL;DR:** + +* **In 2013, GME acquired the premier Apple reseller/repair company Simply Mac (ticker: AWSM). In 2016, Reiner Voigt and other fuckers from private equity firm SOL Global watched as Simply Mac got delisted while they ran it into the ground.** +* **Voigt and his other SOL friends managed to relist Simply Mac under a new ticker (SIMP). They then created convertible debt/warrants that converted debt to equity...for SOL Global itself. It then got delisted AGAIN just a few days ago, and even posts around Reddit have referenced the company closing.** +* **SOL Global also owns a major stakes in Jones Soda. The 2000s soda darling Jones Soda had a major amount of FTDs near its ATH and was eventually delisted.** +* **Jones Soda is being shopped to other beverage giants for a buyout. Perhaps the biggest part of the sale MAY be its patents: Jones Soda owns special patents that allow people/users to customize their soda branding/packaging. This brings to mind** u/SixStringsuperfly\*\*'s find that fellow meme stock KOSS is also in a patent fight with Apple over its patent on wireless headphones.\*\* + +EDIT: pics, bolding +I recently moved out of an apartment that I lived in for 2 years. I kept the place in great shape, and during the move-out inspection maintenance quoted me a cleaning cost which I thought was reasonable. I took pictures and videos of my entire place before I moved out. + +Two weeks after moveout my landlord sent me a notice saying she is not only keeping my entire deposit but charging me extra, for a paint repair fee. She says that if I do not pay within 3 weeks of moveout (that's a few days from now) she'll be sending me to collections. I emailed her several times to ask for an itemized breakdown and a reason why the bill is much larger than what I was quoted during move-out inspection but she has stopped responding to me. + +My questions are as follows: + +* What exactly happens if I do not get sufficient justification for the charges, do not pay and she sends me to collections? Wouldn't this ruin my credit through no fault of my own? +* What is my recourse now that she has stopped responding? Should I reply and threaten to sue in small claims? + +Any general advice would be appreciated. Thank you! +Guten Tag to all of you Great Apes across the world! 👋🦍 + +What a day to HODL GME! German markets set up a nice $4 jump going into US pre-market! Of course, with the bullish news of another distribution center, the price of shares had a nice dip. Sentiment on r/Superstonk remains very high, as this wonderful community repelled FUD attacks over the long weekend and emerged more energized than ever. As we look forward to HODLing another day, let's see where the German markets lead! + +Today is 7/7, and you know what that means! Join apes around the world to watch low-frequency updates from a single German exchange! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: $199.69 / 168,26 € *(volume: 1388)* +- 🟥 115 minutes in: $199.68 / 168,25 € *(volume: 1357)* +- ⬜ 110 minutes in: $199.69 / 168,26 € *(volume: 1343)* +- 🟥 105 minutes in: $199.69 / 168,26 € *(volume: 1343)* +- 🟩 100 minutes in: $199.70 / 168,26 € *(volume: 1340)* +- 🟩 95 minutes in: $199.68 / 168,25 € *(volume: 1281)* +- 🟥 90 minutes in: $199.67 / 168,24 € *(volume: 1232)* +- 🟩 85 minutes in: $199.67 / 168,25 € *(volume: 1200)* +- 🟩 80 minutes in: $199.67 / 168,24 € *(volume: 1195)* +- 🟥 75 minutes in: $199.67 / 168,24 € *(volume: 1193)* +- 🟥 70 minutes in: $199.74 / 168,30 € *(volume: 1112)* +- 🟩 65 minutes in: $200.14 / 168,64 € *(volume: 371)* +- 🟩 60 minutes in: $200.01 / 168,53 € *(volume: 316)* +- ⬜ 55 minutes in: $200.00 / 168,52 € *(volume: 314)* +- 🟩 50 minutes in: $200.00 / 168,52 € *(volume: 314)* +- ⬜ 45 minutes in: $200.00 / 168,52 € *(volume: 313)* +- 🟩 40 minutes in: $200.00 / 168,52 € *(volume: 313)* +- 🟩 35 minutes in: $200.00 / 168,52 € *(volume: 312)* +- ⬜ 30 minutes in: $199.99 / 168,52 € *(volume: 309)* +- 🟩 25 minutes in: $199.99 / 168,52 € *(volume: 309)* +- ⬜ 20 minutes in: $199.76 / 168,32 € *(volume: 204)* +- 🟩 15 minutes in: $199.76 / 168,32 € *(volume: 204)* +- ⬜ 10 minutes in: $199.46 / 168,07 € *(volume: 137)* +- 🟥 5 minutes in: $199.46 / 168,07 € *(volume: 137)* +- 🟥 US close price: $199.56 / 168,15 € *($199.61 / 168,19 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from a single German exchange and converting to USD. Today's euro -> USD conversion ratio is 1.18679994. There are sometimes tiny differences in price that are below the rounding error, which can lead to colorful boxes without obvious price change. I wrote a C# application that assists me in fetching this data and updating the post. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Over a week ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +I’m in my mid 20s +No debt but also no investments. + + +$230 pw rent (sharing a flat) + + +$120 pw food + + +$60 pw on pets + + +$45 per month on Gym + + +$400 per month bills (again sharing electricity etc) + + +$876 per month on transport and parking +(soon to change as I’ve accepted a fully remote role) + + +I’m a first gen immigrant with 0 financial knowledge and I would really appreciate some advice. +Since almost the beginning, I've been a customer of 86400, so the move to NAB/UBank isn't a surprise, but I have never found any info on how they justified being bought by a big 4. + +Their entire purpose, in the beginning, was to be a bank that had sustainable/ethical investments and shake up banking in Australia, and then they sell to everything they were trying to fight. + +Does anyone know if they ever had an explanation for this? + +Also, if you were a customer of 86400 and changed banks after hearing of the acquisition, what bank did you change to? +The most frequent snarky comment I hear about litecoin is that it has no use case. My reply is always, then why are so many people using it? + +It took just 3 months on bitpay.com/stats to exceed the transactions of every other altcoin on the platform, the top of which had multiple year headstarts to secure their leads. Coinatmradar shows litecoin has more atms than any other altcoin. The number of exchanges, payment processors, trusts, exchange traded projects, brokerages, direct retail relationships, point of sale terminals and many more alone tell the tale. Litecoin has the users. + +The second most popular snarky comment is "well, it gets infrastructure just because it's old". It doesn't take a whole two brain cells to know that doesn't make sense. Namecoin is older than ltc, 10s of thousands of projects are pretty old, all dead or close enough. It's costly to build and maintain infrastructure and keep projects up to date on it, infrastructure providers take dead projects down, they don't keep adding them. Litecoin just keeps growing, thriving in infrastructure while some not dead projects struggle to get and keep basic infrastructure. All for the same reason... users matter. + +My investment thesis inside and out of crypto is that ultimately investors follow users, even when they prefer not to. Quibi was an example of investors thinking they could force users into something no one wanted and many of you can probably think of other dumb VC wall street crap that didn't pan out. Right now, there is a growing contingent of that in crypto, pushed by the likes of mikey novogratz and other hedgies and vc dudebros. + +Feel to play around there if you think you can get out before the exit scammers, but don't forget that in the longer run, what matters is network effect, from users, to infrastructure, and the deeper and broader those network effects, the harder they were to build, the longer they'll last and keep generating new growth. + +For more questions about Litecoin, see this writeup I posted here a few months ago: https://np.reddit.com/r/CryptoCurrency/comments/r23ufg/litecoin_is_deep_clucking_value_an_exhaustive_and/ +To all concerned. I started trading on a daily basis at the beginning of the year. It has been all time consuming. I was lucky. With absolutley no knowlege of the depth, I still earned a bit. + +I started to consider why I was not being more successful after such great wins. Tired. Depressed. Compulsive. Obsessed . Through this I asked myself what are you different now?. ANSWER---Not jamming to music, not hanging around other subs, and other people. Just trying to win at this TRADING game at any cost. TYPICAL MISTAKES OF THE BEGINNER FROM WHAT I have READ! TOUGH GAME.. + +It doesn't work that a way . I find that with a little music while I am working, taking a break, and having some human interaction away from the screens helps dramatically. Along with exercise and not continually checking positions, its a bit easier. This little writing was gonna be delivered earlier and be a bit longer. ( the writer took a break). Happy Trading. +Hi All, +I have been working on this version solidly for over a month. I believe I have finally cracked it. So here it is, The fully automated IG Index trading program. + +I have been skeptical about my own results. However, **I can confirm that it has doubled my money in a week.** This is set to trade on the **GBP/USD** but it can be changed to work on anything (With as little as one tiny line of code). However, I am giving you this for free so if you want to use it on something else feel free to change the code. I am confident the algo would work the same. + +I have tested this in live for an entire week straight and not one trade in a(40 out of 40). I experienced onewhen the website went down but that was my choice to close the trade because I was more than in profit and wanted to fix the error. I have added a loop to check the HTTP 200 OK status so that should not happen now even if the IG site goes down. It will simply gracefully wait until it is backup and resume itself. **Other than that, there was no human interaction** + +Granted, there are parts of the code that are hacky af. However, that said it is robust enough to run on a live account. I have tested it personally. **Please take extra caution to review the code and make sure it fits your own trading style.** + +Thank you to a few math/python people from over the internet. Stack-overflow etc. I present to you... +FAIG... + +The usual caveats apply, you need an IG account with a valid API key, Runs on Python3 and Windows and the appropriate pip library's installed. + +* numpy==1.13.3 +* pandas==0.22.0 +* pandas-datareader==0.5.0 +* python-dateutil==2.6.1 +* requests==2.18.4 +* scikit-learn==0.19.1 +* scipy==1.0.0 +* sklearn==0.0 +* urllib3==1.22 + +However, that is up to you to work out how to install those. I cannot stress this last part enough ... This is more about you though, please comment, Help, Contribute and test...Test rigorously!! Please report any bugs, your helping me to help you. The more people that use it, the better it will work. + +[Github FAIG](https://github.com/tg12/FAIG) + +**SUNDAY EVENING GMT*** Issue identified please git pull ASAP!! + +**MONDAY MORNING GMT*** Issue identified please git pull ASAP!! + +~~So for those who are running this, You should have closed a trade in profit. However there is a very specific error that I will push anfor later on today sometime.~~ + +~~[Error!](https://imgur.com/a/NsO4Q)~~ + +~~If you get this error, Please be patient I am fixing this. However you can fix it yourself by checking for HTTP 404 and 400. That will cover all basis. 404 is when the program closes your trade and 400 is when your stop gets hit. Either way both in profit.~~ + +If you are running this, Monday 15th Jan. Today you should by now be on 5 trades in profit. + +People have been PM'ing me with good results today. Here is a screenshot. + +[Monday Profits](https://imgur.com/a/75aYs) +Hi all, + +I have spent Friday testing a day trading strategy on the H1 on GBPAUD that I have created. It's nothing extremely original, I wanted to keep it simple. I also wanted to try and create something with a good win rate that happens frequently enough. First, I will explain the rules of the strategy, and then I will share my back tested results. The only indicators and tools you will need are a 50 EMA and a Fibonacci Retracement tool. Here are my fib settings on trading view: 0, 0.618, 1, -0.25, -0.618, 0.5, 0.786. As most of you know, the zone between the 0.5 and the 0.618 is the "Golden Zone", we will be using that zone for our entry. + +First things first, you'll want to identify your "key levels" on the weekly or daily time frame. The definition of a "key level" for this specific strategy is a general price area that has been tested *at least* twice, and that has moved the market significantly in doing so. + +**RULES:** + +1. Price ***MUST*** be trending above (uptrend) or below (downtrend) the 50 EMA. It can also and will often be bouncing off of it. If price *breaks* above or below the 50 EMA, you **must** have a 1, 2, 3 (or A, B, C) move to classify a new trend. 1 is the push in the direction of the trend, 2 is a pullback, and 3 is the continuation of the trend. + + +2. If price is approaching a key level that we identified on the weekly or daily time frame, we watch how price reacts to it before taking a trade. We are either looking for a bounce off of it, or a break through. If we get a bounce off and a move in the opposite direction, we wait for a 1, 2, 3 move again to classify a new trend. This is just here to be conscious about how a major level can affect this strategy. + + +3. While we are trending above or below the 50 EMA, draw the Fibonacci Retracement tool from the ***PUSH*** to the new low or high. The *push* can be tough to spot/define. The *push* must create a new high or low before pulling back. When it pulls back, the push is over, and you draw your Fibonacci from the start of the push, to where it ended and is now pulling back. The *push* can be either the first or the third leg of your 1, 2, 3 move. + + +4. If the push makes a new high or low, and the pullback from the push rejects the "Golden Zone"; which is on or in between the 0.50 and the 0.618 extension, **ENTER!** A rejection is defined as a wick off of our "Golden Zone". Enter on an **engulfing candle** or a **hammer** or **shooting star** candle. If you want to be more aggressive, don't wait for the candle stick pattern. Enter as soon as you get a rejection and a close off of the "Golden Zone". Hammer or shooting star is most aggressive, engulfing is a little less aggressive than that, and the least aggressive is waiting for both a hammer or shooting star and an engulfing candle. However, the closer your entry to the "Golden Zone", the better the risk to reward ratio. Pick your poison. + + +5. Stop loss **ALWAYS** goes on or above or below the 0.786 extension. If you want a wider stop loss, you can put it on or above or below the 1 (100%) extension, as long as your risk to reward ratio is ***at least*** 1:1. Take profit **ALWAYS** goes on the -0.618 extension. + + +6. You ***MUST*** ***ALWAYS*** have ***at least*** a 1:1 risk to reward ratio. If you do not, you do not take the trade. + +**BACKTESTED RESULTS: (GBPAUD H1)** + +* **Timeframe:** January 29th, 2020 - January 8th 2021 +* **Winrate:** 56/82 = 68% +* **Average Risk to Reward Ratio:** 1:2.75 + +I plan on testing this on other pairs throughout the week as well, I’m currently testing it on NZDUSD and it’s looking even more promising than GBPAUD. I took just about every single opportunity it gave me, and was objective about the results. I know this is kind of a high win rate, but if you don’t believe me you can test it yourself. Constructive criticism is appreciated. +From hearing stories in podcasts, watching youtube videos and seeing posts here, I get the feeling that there is an acceptance that people will blow up accounts. It is almost a right of passage that is the norm. + +If anyone has listened to the trading nut or desire to trade podcast, it sometimes comes across as a badge of honour when people talk about loosing their money and this was the 'education' they needed from the market. + +In case this helps one person...I propose an alternate option. + +Start with £50 (or equivalent denomination). + +If you end the month profitable, add to the account. If not - do not. + +If you are profitable, you can earn the right to add more, even double it at the beginning. + +From the link - you will see that I was not profitable in the first 2 months on this particular account and strategy. As a result, I stayed with a £50 account. + +Since then, if I was profitable and I am happy that I did not perform too badly against my system then I will allow myself to add more money. As a result of last month, I have just added an extra £100. + +Your S.M.A.R.T goal could be different to mine but if you do this before you start with prop firm you can at least limit your losses when going live. + +&#x200B; + +[https://www.myfxbook.com/members/geohunt/edge-volatility/6456973](https://www.myfxbook.com/members/geohunt/edge-volatility/6456973) +Currently using TD (ease of use) and would like to open another account with them. Looking to play with USD stocks and already have a US TFSA account. Do I look into RRSP? +A little bit about our situation. I will turn 30 this year, wife 28, first child due in august. 3 years ago our household income was 100k, approx 100k in student loans and another 30k in consumer debt at that time. We live in LCOL area, median household income where we live is 50-60k. Wife started online side hustle in her newly found extra free time at home when covid hit and remote work started. 6 months later I quit my job to come help her, 6 months after that she left her full time job. Our side hustle has turned into a real life business, 6 full time employees, 6 part time contractors, $3.6M in top line revenue last year and $2.2M in profits. The business is still growing in revenue numbers every month and at this point things are close to being on autopilot (20-30 hrs week combined) unless we continue to expand our offerings. Today we have a liquid portfolio of approx $1M and additional $500k in real estate equity between our primary residence and a single rental property. This year we are forecasting quarterly distributions up to 600k that will be invested directly, we intend to only live on our salaries for the next couple years. + +I recognize we are in an incredibly unique position, and it seems like there may be some people here who have similar experiences. + +&#x200B; + +Any advice on how to navigate dealing with people who are selling us on something? It really is true that the more people know you have the more they want. We have had countless meetings with wealth advisors, accountants, marketing teams, etc. All who are trying to sell us services, most of which we need, but deciphering who is worth their money/who is not has been a challenge. + +At what level of wealth is it necessary to begin looking for a super high level accountant? Any advice on that would be appreciated, as our business continues to grow we are more and more considering selling a piece/all of it. We anticipate this would create a $20-30M net windfall and the sooner we can start tax planning I think the better. + +How do you guys who have fatFIREd make friends or find social circles in your net worth class? It would be really nice to have friendships with people whom we can go have $100 steak with and not have to feel pressure to foot the bill, or know that this night cost our friends 3 nights somewhere else. We have found it difficult to find social circles in which we aren't either half the age of our peers, or we aren't worth 5-7-10x those around us. This disparity is growing by the day. Obviously we work from home on the internet, but I am concerned about our mental health if we were to sell the business outright and have a severe lack of a social life. + +&#x200B; + +Any and all advice would be much appreciated, on the questions above or anything you think we should know or consider based on similar experiences. +I have a pretty successful business, and it has enabled me to save a lot of money. However, the business is still paying the bills and I’m still putting money into savings but profits aren’t like they were. Things are slowing down to the point where I’m looking for something else. I’d like to get heavy into real estate but I’m not sure where to start or what kind to get into (apartments, duplex, single family, etc). + +I own my own home worth about $450k and I did a big down payment so I only owe $205k on it. Payments are around $1000 a month. I’m also building a vacation home and I’ve got around $300k into that ($230k of that financed) that I plan to rent out a lot of next year. I also have a very high credit score. + +So if you were me, what would you do? TIA + +***edit*** I should not have called the second home a vacation home. It’s a rental cabin being built in the smoky mountains that will be turned over to a property management company when it’s finished being built. Estimated gross yearly rental $45-55k. +I have a pretty successful business, and it has enabled me to save a lot of money. However, the business is still paying the bills and I’m still putting money into savings but profits aren’t like they were. Things are slowing down to the point where I’m looking for something else. I’d like to get heavy into real estate but I’m not sure where to start or what kind to get into (apartments, duplex, single family, etc). + +I own my own home worth about $450k and I did a big down payment so I only owe $205k on it. Payments are around $1000 a month. I’m also building a vacation home and I’ve got around $300k into that ($230k of that financed) that I plan to rent out a lot of next year. I also have a very high credit score. + +So if you were me, what would you do? TIA + +***edit*** I should not have called the second home a vacation home. It’s a rental cabin being built in the smoky mountains that will be turned over to a property management company when it’s finished being built. Estimated gross yearly rental $45-55k. +Sorry that this is a little insensitive. + +Should the real estate market crash and you have a lot of cash on hand, can you still get mortgages with 20% down payment? How about commercial mortgages on residential rental properties? Do they require unreasonably higher rates or higher down payments? +First time poster here. Dragged ourselves out of poverty and finally doing ok. 46 & spouse is 49. Thinking about purchasing a duplex or triplex to get into the RE market. Own a home, mortgage is 220- assessment value is 500k. He works full time(currently trying for a much better management job) I am self employed. Is it too late for us to get into purchasing property for rental units? I feel like we’ve missed the boat in many ways due to our age. +Hello! Hopefully some people can relate and can provide feedback. + +I found MMM 5 years ago. I optimized my expenses and I've been job hopping every 2-3 years to make more money. How exciting to invest over 50%+ of your income! + +But I've noticed I've disliked my job more and more. All I can think of is how many years left until I'm "FIRE'd". I'm not sure whether this is my passion in corporate finance fading... Or if I've become bitter of my job due to this idea of "FIRE". + +I've noticed my desire to have kids has gone down since finding MMM(I'm 29.). I'm suspicious it's due to the fact that kids are expensive; which means my FIRE date gets pushed back... Which means continuing to work at a job I don't like... But maybe I'm not interested in being a parent (which is okay if it is!). + + +I want to change my job in something more interesting and fun to me; but I know that job will result in a big paycut; which delays my FIRE date... Which makes me sad. + + +It seems I'm delaying current happiness for future happiness. + +Maybe all jobs suck; which means FIRE is the way out... But what if there are jobs that are actually enjoyable? + +How did you find the balance of grinding to FI, but also taking jobs that are interesting but maybe lower paying (or higher expenses that make you truly happier?)? + + +Edit: to add, my job is in corporate finance In FPA (Financial planning and analysis). I forecast the next 12 months revenues and expenses. Really boring shit. + +Sometimes I hear others are forest firefighters... Psychologists.... Or just other jobs that sound so interesting to me! I look at my job and just.... Get sad. Haha. I'm not interested in it anymore but it I believe it is the quickest way to FIRE ($100k income). +Hi, so I am selling calls on a stock I bought in June (XOM), but has gone against me and now down about 20% on stock price so I am selling calls like crazy to lower my cost basis and have been doing very good along w/ collecting dividend payouts - I have read to sell calls at 30 delta, 30-45DTE and buy back at 50% max profit, then repeat.... I just want to get back to even and then sell the stock completely. Can anyone help w/ advice on how they would continue managing this position and when they would roll if it gets challenged or goes ITM? +I have 100 shares of SOS and don't really care for the company. Longest leap available would be a Jan 20 2023 $4.50 LEAP for a premium of $1.92. Don't care if shares get called away. Would that make the most sense to "get rid of" the shares or should I sell an even deeper ITM call? + +EDIT: SOS shares were acquired for a purchase price of $4.885 on 3/30/2021 + +EDIT2: I sold a CC of 04/30/2021 at a $5 strike for $15 - $0.65 commission for $14.35 total premium. WEWLAD. I guess I will repeat selling weeklies one or two strikes OTM. I guess I'm retarded and am doing what I should actually be doing at thetagang. +I’ve gotten lots of useful quality of life advice from this sub, the most useful of which was: + +1) Get a (semi) personal chef +2) put larger windows, more storage, and a gym in my latest house build +3) fire pushy financial advisors +4) all advisory fees are negotiable + +This last one directly resulted in a decrease in advisory fees in a direct index Russell 3000 account I opened in late 2019 to diversify some concentrated assets. This saved me ~40k in 2020 in advisory fees and really only took 3 emails to arrange. + + +Thanks r/fatFIRE and happy new year! +I(M23) have been day trading for a while now and im already daydreaming about quitting my day job. I know we're in a bull market and that this level of growth is unsustainable. + +I'm definitely not quitting my job immediately although I dream of the day I can wake up and realize i dont HAVE to work today. + +I can make some omelets and cream cheese bagles, watch American dad and go for a walk. +Then make a couple of trades and enjoy the rest of my day. I dream of this day. But for this to become a reality I need to do the hard work now and learn as much as I can. + +My current win percentage is 72% using price action and volume analysis. I also started to have a better win percentage using the 3 minute candles as opposed to the 1 minutes. + +What i need to work on is my risk management because I tend to "wait out" losing trades instead of cutting my losses. + +But here are my rules for the day I can write up my resignation letter. + +1. Have a piece of mind account with a 18 months worth of expenses. (Around 22k) + +2. Have an 85% win rate + + +Any other rules I should add? +Around February of this year, I quit my job and made a haphazard attempt to become a trader. I moved back in with my parents and told them I’d be productive by trading during the day, delivering food at night, and paying for my share share in utilities. + +I traded for a few weeks and lost roughly $3,000, which dropped my trading account balance to $27,000. I took a break for a few months to learn new strategies, backtest, and paper trade. I then made the mistake of lending my brother my trading money in April, which he then lost trading options. He’s only been able to pay me back $15,000 so far, so I can’t day trade anymore, since I have no idea when I’ll get the rest. + +I’m now looking for jobs, but feel like crap since I just recently found an edge. + +How did you deal with having failed as a trader and having to find a job? +At the start of 2020, my father got fired from his director role at a housing complex that he had had since before I was even born. He made around $68k, had good benefits, and had an 825. However, once COVID hit, he couldn't find another job and hasn't had another job since then. Earlier this year, he ran out of his retirement and had to go to rehab due to alcoholism which he has been battling for the longest time. Currently, he has no income, and my mother is covering his bills (e.g., car insurance). My parents divorced in 2010, but we live in the same household. Because of this, my mother is living paycheck to paycheck, making around ~$80k, but has no savings or retirement and has a 550. + +In the Fall (of 2023), I'm supposed to be transferring to a university to finish my undergrad. However, my parents are not even close enough for me to get approved for private student loans to cover the rest of my tuition (after fed loans). I'm not in a spot to get approved without a co-signer, and I don't have anyone else that could be one besides them. But I want to solve the core issue. + +Does someone else have some similar experience with getting their father out of a rut and working again at an older age? + +He's not able to do physically demanding jobs or jobs that require standing for long periods. But I also don't want him to get a job as a greeter at a Walmart. I want him to make decent money (even if it was half of what he was making before). He battles alcoholism and depression, but he stopped drinking in August and has kept busy doing things around the house. I want my family to become more financially stable and secure, and I want to help. + +TLDR: My 62 year old father has been unemployed since the start of COVID, has no credit, no retirement, etc. What can I do to help him get out of this rut and back to working a decent job again? +Hi, + +I just noticed that the US stock market is open (Aug 4, 2020), but the Scotia iTrade account is closed. So, I can't access my funds to trade or change my investments. + +It's so unacceptable that I can't believe it. Has this happened before? +My e-fund just hit the 5 month mark, but I’ve been basing it off of what I currently make and spend. I live pretty frugally anyway, but I’m wondering how much others are saving per month after their necessities are covered? What assumptions would you make about your lifestyle if you had to rely on those savings? +ATH is $2,940.91, minus 20% is $2,352.73. S&P500 closed at $2,351.25. + +The most recent bull charging so long was starting to make me uncomfortable. Of course no one welcomes a downturn, but still. Gotta rip the bandaid off at some point. + +Also, this is an official reminder to not panic sell! + +Happy holidays =) + +I have seen multiple questions about buying before dividends are released to try and get in on them, but my question is after they are posted and between that and the actual payment. + +I have 20 shares of C, announced 8/3 at .51 cents per for a total of 10.20. Payment shows 8/28. Once it is announced and shown to my account, can I sell before that 8/28 date and still gain the dividends? Not actually looking at selling during this dip, just looking for clarification on it. +I've been house hunting with a friend, intending to buy a house together and effectively house share to split the bills as 2 single guys. We've found what I would reasonably call my dream house, not just my dream *first* house but my dream house full stop, and he loves it too. It's right on the very very very edge of our budget but that's not the issue, the issue is that the property is currently rented out with a tenancy that runs to April 2020 + +How would this affect the house buying process for us? Obviously we'd prefer to move straight in, but I think we'd both be willing to wait until April for their tenancy to expire if that was our only option. If that was the case, would we need a buy to let mortgage? Would we be able to use our LISA and HTB ISA money towards it still if we had to take out a Buy to Let mortgage? + +Thanks for your help :) +My employer uses Valic for our 401k. Not too surprisingly, Valic (at least with our company) requires you to set up your 401k through a representative of theirs, rather than letting you create an account and pick funds yourself. I was extremely dubious of this when my HR person told me this as I knew exactly what was going to happen - lots of pressure into high-fee funds under the guise of helping me make good choices. + +Overall, all of our fund selections suck, with the cheapest ones having an E/R of 1.3%. Some of them went as high as 2.x%. The entire phone conversation was nothing but this rep trying to talk me out of index funds and into more expensive actively managed funds, often a full 1%+ more expensive. He didn't try just once or twice, but five or six times before he finally backed off, accepted what I wanted, and told me he would reach out to me in a few months to see what changes I wanted to make. + +I'm actually fuming about this because I'm sure he coerces most of my coworkers into these shitty, expensive funds. Almost all of them had a 10 year average of performance below their US market funds, which he tried dancing his way out of by saying that "when they have a good year, it's a GOOD year".. as if that totally made up for their lacking performance and higher fees. + +I'm smart enough to realize everything he told me is bullshit, but not smart enough to explain what he's doing in terms of numbers. I'm going to write a letter to my HR person describing the BS he was pulling, but I'd also like to give examples of how much he could cost the average person in terms of higher fees. Can someone direct me to how I would calculate comparisons of x contributions with y and z fees? Any help is greatly appreciated. Thanks +Apple likely spends nearly $2 Billion a year on advertising. + +The interwebs says Amazon spent $16.9 Billion on advertising in 2021. + +When this extended (It could last for fucking ever) MOASS happens, how much is the word of mouth going to be worth to GME when they don't even need to do ad spends to educate people on NFT Marketplace and their pivot to an internet superstore? Every news outlet and person in the world is going to be discussing what the hell is going on with Gamestop and why.. it will be at the forefront of everything. + +The timing will be impeccable, because RC & Co. are smart, savvy, sexy, and don't make mistakes. + +Thoughts like this are why I stay patient. +To start, I will never be able to adequately thank the amazing apes which are part of this incredible community. u/rensole, u/atobitt, et al have been an inspiration to this ape. In addition to doubling, tripling, DFV’ing down on the stock, I have had more entertainment in the last few months than I have had in years. No matter what happens tomorrow, next week, next month, or next year, know that I will continue to buy and hodl with all of you to make sure we can transform our collective future. While I have posted in r/wallstreetbets, I have never posted in r/GME, and this is my first post in r/Superstonk. In full disclosure, I voted for the Red Cocaine Crayon, but it was a very difficult decision between the MS Paint and the Crayola submission. I can imagine I am one of many triple digit share hodlers who is only interested in the movement and helping others to become financially independent. If we stick together, we will be stronger than any institutions who try to push us down....just remember - HODL to make sure we show the SEC, DTCC, Hedgies, and even Congress that apes together strong should never be underestimated! 💎🙌🦍 + +EDIT: Thank you fellow apes for all the kind words and awards. I am humbled by this community. Cheers! +Every time I come on this subreddit there is never anticipation posts. It's always get in now before its too late and the stock will already be up 400%. I would go on the penny catalysts subreddit and there was a chart with several companies with expected news, the exact catalyst, a date, and some type of link to provide proof. It was almost too easy to make money on there. I like reading what people post on here to maybe give myself some direction into what I may want to start researching into, but for the most part its just posts about companies that have already popped off. I really wish the pennycatalyst subreddit was still up and running, but the mods and creator have completely abandoned it. The idea of the chart being consistently updated with very valuable information and proof (weeks if not a month in advance) on MAJOR CATALYSTS while being approved by the mods was genius. If anyone knows where I can find a resource similar to that please let me know. I miss making money like I was 6 months ago. +I'm seeing a lot of dismissive attitudes to heterodox economics as well as to sociology and philosophy (almost like the STEM snobbery you might find from a physics undergrad) in this sub. For example, I've often seen posters compare non-orthodox theories to creationism in the context of biology. I'm not sure where this attitude comes from, but I would like to know what research backs it up. My background is in philosophy with a focus in analytic philosophy and philosophy of science, and my understanding is that economics' claim to being a "hard science" is controversial at best. + +That being said, where would some of you recommend I start to understand the foundations and assumptions of modern economics? I'm mainly curious in the meta or "philosophy of" aspect to economics. I'm vaguely aware of some philosophers (e.g., Don Ross) and some others who have contributed to this literature (maybe this question is better posed to /r/askphilosophy, but I'd like to hear your thoughts anyways to receive a more field-specific answer). + +Cheers. +Ok I know it sounds stupid but none of my HS teachers could answer it either. Let me preface this, I am 15 and in high school and obviously have no history in economics. I found out fairly recently that the U.S dollar is no longer backed by gold ( happened a long time ago) and that most other currencies are backed by the USD because most money is made by the same company. 1$ = 1 bar of gold, you can print more money but not more gold makes sense, but if the USD is backed by "government" trust then why cant the federal reserves just say 1 = 1 thats it end of story. + + +I am aware that this should be a menial question to anyone within the realms of economic. + +Side note: got my first job recently, how much of my paycheck should I save considering I dont pay living costs? +Edit: wow I’ve learned more from this thread than 4 semesters of econ + +So the answer to my questions are: the inflation rates CAN be directly altered by the federal reserve. Th reasons interest is good is bc it makes up for the interest you lose for having cash, and in case of another recession they can deflate a bit without tanking the economy even further. ( not the only reasons but the big ones and that was really condensed +Median house price is 1.61m [https://sf.curbed.com/2018/4/5/17201888/san-francisco-median-home-house-price-average-2018](https://sf.curbed.com/2018/4/5/17201888/san-francisco-median-home-house-price-average-2018) + +A home ravaged by a fire sold for 2m [http://www.businessinsider.com/fire-ravaged-inside-san-francisco-home-sold-2-million-dollars-2018-7?r=UK&IR=T](http://www.businessinsider.com/fire-ravaged-inside-san-francisco-home-sold-2-million-dollars-2018-7?r=UK&IR=T) + +I get that silicon valley is there - so is the market set by a bunch of rich people who can just out bid each other? I mean, SF is a nice city, but I've been to nicer. The weather is nice but it isn't great, either. + +How did this happen and what gives? Is it going to eventually crash? +Just saw that mentioned in news articles without any explanation, couldn't find any info on it. + +Here's an example: https://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcQIFmPW6OC1fVXVIzjkWPwDqU3DeAs4QzmIxsN6uZlhO_DqxB1u + +As far as I know, the standart model that would lead to a Laffer curve states that dY/dθ=-aY, Y being taxable income, θ tax rates and a a constant. + +Now, since tax revenue is just θY, you can easily maximise that and find that top point on that graph, but for that other point maybe a more complex model would be needed? + +To maximise both Y or any of its derivatives, Y would have to be 0, since, according to that model, all taxes higher than 0 slow down economic growth. + +What would be a way to consider the positive effects of Government's use of taxes (at least for low tax rates) in total income such that that point is justified? + +Edit: For that to be an inflection point, considering only that initial equation, θ=2/a. What's weird about that is that the critical point is given by θ=1/a +Im quite ignorant on economics but I'm trying to learn and get both sides. So if you were to watch this video https://youtu.be/HGi6kek11WI you'd hear arthur laffer mention how lower taxes increase tax revenue and I'd like to know your problems with the video. And also if you were to look at this chart https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762 + +You'd see that most of the time when taxes have been cut be it 1964,1982,1986,or 2003 revenue increases the next year. Does this not prove that high taxes actually decrease tax revenues? +A professor I did research with as an undergraduate is presenting work I helped with at a conference later this month. I was hoping to attend, hang out in the city for a few days, but I can't really afford the $400 fee. I wasn't sure if the fee is associated with the conference or the ability to present at the conference, although my guess would be the former. Does anyone have any thoughts? +I hear about how countries like Lebanon and Brazil have very high inflation but when I watch youtube videos from Jumping Places, they say all the restaurants and clubs are packed at night and prices seem comparable to normal prices. These are from visits with the last few month too. Where is the disconnect? Are we being gaslighted about their situation. I know if a $10 hamburger costs $50, I'm not going to restaurants. +As soon as I heard this part of Trump's speech yesterday, I became concerned. It seems like we have a leader with an early 20th century mindset leading America during the early 21st century. +I'm taking a microeconomics (econ major) and I just had a homework question asking why health care is an example of market failure. I'm just trying to gain a better understanding. I've skimmed a wikipedia page on market failure. I've held the belief/impression that it was more of a societal/community problem than it was an economic one when sick (using sick broadly, as in cancer and that kind of stuff) people cannot afford health care. Furthermore, if privatized health insurance isn't efficient how could a government run healthcare system possibly compete with private ones and avoid government failure? I'm seriously open minded. Up until now I always thought it was best for the free market to handle, but now I'm not so sure. + +&#x200B; + +edit: Maybe a solution to the problem would be government using policy to provide incentives for health insurance companies to take on riskier customers in the form of tax cuts or something instead of having the government directly address the issue with a service of their own? +Pretty straight forward question. How much can we expect solar manufacturing to increase in America (with or without job creation)? + +Here's 3 Related questions: + +1) Is it true that this would likely not create many manufacturing jobs, as Solar Panel manufacturing is a largely automated process? (this is an engineering related question, I realize). + +2) Since the tariff is temporary (will turn off after 4 years), I have heard people saying that no company will be investing in American manufacturing. They will just wait out the tariff until it turns off. Likely true? + +3) Is there any upside to this people aren't seeing? +Original post here: https://redd.it/67j8pu +TL;DR: about 45k in credit card debt, $1565 mortgage payment ($145k left owed on $165k mortgage), not making nearly enough to pay for all that (and more) and mandatory expenses. +Just wanted to come back here and give a follow up and say thank you! I called the loan officer I had for my refi in 2012 thanks to /u/formerguest . It didn't make sense to do a refi since it was FHA (I can elaborate more if anyone wants), but he got me thinking and told me I could sell my house and still do another FHA. I thought you could only do FHA once, but if I remember correctly from him, you can do it multiple times as long as your old ones stay out of default. + +In the last 6 weeks, we cleaned and threw away a bunch of stuff to make the house look nice, had a garage sale, sold more stuff on eBay and Craigslist, and put our house on the market. We accepted an offer in less than a week for the house and as long as everything goes well, we'll close in a few weeks! We sold it for about $20k more than we bought it for and had some equity, so we'll have enough to pay down some debt and free up over (at least) $900 of monthly payments we currently have. I have some amazing family that has been really helpful with the garage sale, cleaning, etc. You know who you are, thank you so damn much. + +The next part was to find a new place to live, and the current housing market here is insane. Long story short: when any decent house in my price range hits the market, the seller usually accepts an offer within 48 hours, above asking price. We even went $15k over on a house list price 36 hours after listing and offered to pay closing costs but still got beat by some other family doing a conventional loan who apparently offered less but threw in a sappy letter about why their family should get it. So we tried the letter thing on our next offer and we finally got on this week! Our new mortgage will be about $1000/mo and we got in the most ideal school district for us. The inspection is this week, hope it goes well! + +We will be using YNAB and sticking to our budget hardcore, and we had to tell our nanny we can't afford her for next year, as much as she was awesome and the kids loved her. Moving is and will be a bitch, but I'm glad you guys helped me get real and do the tough things! I sold my xbox and games and an old sound system (which was really hard since I have hoarding tendencies), and have been doing Lyft. My wife and I are also seeing our counselor to make sure we don't repeat this stuff and get into debt again, thanks to advice from /u/cpa_brah . I'm probably forgetting some stuff, but that's the gist. I just wanted to write all this and post again to say thank you, and let you know this place really helps! + +I will also put a comment below to mention some thank yous to the specific users who really helped me put things into perspective and get things back on track. + +TL; DR: I took some advice from this sub and made a plan with my excellent loan officer to sell our house, downsize, and follow a budget with YNAB. Thank you /r/personalfinance! + +Edit: reformatting + +Edit 2: I should also add I got a slight raise at work, and my wife got a raise and picked up some extra workload so she'll be making an extra $500 or so per month as well. +Yeah, I realise that wealthy people keep the large majority of their assets in the form of property or shares and other tradable assets etc, but clearly some of them will be dealing with enough assets that they'll still be holding a lot of dollars. But with bank accounts only being federally insured up to $250,000, what do they do with really large amounts (7+ figures)? +It completely goes against economy of scale - hundreds of fulltime staff, individually delivering tiny quanties of groceries (at fairly competitive pricing and nominal delivery fee), with all goods spread across many tiny hubs rather than large centralised warehouses. +How is this a viable business model? +It completely goes against economy of scale - hundreds of fulltime staff, individually delivering tiny quanties of groceries (at fairly competitive pricing and nominal delivery fee), with all goods spread across many tiny hubs rather than large centralised warehouses. +How is this a viable business model? +So I am going to start the wheel as soon as I can get my Tastyworks account going. (Currently with Ally Invest which requires 25k balance to sell CSPs.) + +I have been trading stocks and option spreads with good success the past 6 months. + +I was running some numbers on hypothetically using KO to run the wheel. With my current account balance of 5k I can sell one weekly put for about $100 premium with a strike 1-1.5 below current price. If I was assigned then my CC would also be about $100 premium and hopefully would be assigned so I can sell more CSPs. + +$100 per week is awesome. + +But I’ve been thinking that I have enough in my 401k to cash out to at least 50k. Maybe even more since the market has recovered some. This is all after taxes and penalties for early withdrawal. + +If I’m working off 50k then I’m collecting $1000 a week in premium whether it is puts or calls I am selling. That is 1k more than I gross at my job per month. + +Am I crazy to seriously consider quitting my job? I can cash out my 401k then and 10x the strategy I’m currently working on. + +I would still work part time to build my capital but it would be work I like and convenient to me. I was thinking DoorDash or Instacart when Covid19 subsides. + +Thoughts?? + +And yes I know health insurance would be a new expense but I’m fine with that. + +My goal is to not need a full time job to live. My expenses are pretty low too. +I usually only post GME related items but there's been a lot of misinformation/FUD on the unrealized gains tax in the comments sections lately. The Unrealized gains tax is not for you, it's for less than 1,000 billionaires only. + + https://www.google.com/amp/s/www.wsj.com/amp/articles/tax-on-billionaires-unrealized-gains-will-likely-be-in-budget-package-democrats-say-11635096384 + + +"The tax is expected to affect people with $1 billion in assets or $100 million in income for three consecutive years" + +Why would they do this you might ask? Well BadassTrader has this AWESOME DD series called Billionaire Boys Club. I'd suggest reading all of them. In the one linked below you can see that a lot of billionaires avoid taxes by buying shares, NEVER SELLING, taking out loans and then dying. + +How do they spend money then? They buy their stocks (and never sell), they borrow money from banks (no tax on a loan given to you) using their stock as collateral without selling them, and then they die. + + +https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/ + + +If you see anyone spreading misinformation/FUD on this please link BadassTrader's post to them. My fear is that shills could potentially spread misinformation to people making them want to sell before end of the year to avoid big tax bills +Howdy /r/realestateinvesting, + +&#x200B; + +I am looking into purchasing a handful of Airbnbs. I have a subscription to AirDNA and am skimming listing in various states. I am looking for upscale vacation homes across America. I will not manage the properties myself. + +&#x200B; + +I don't know many people with experience in this, and most that do generally have one property that they live close to. This is not what I am trying to accomplish. I'd like to have several properties and have a management company handle the day-to-day operations of each property. + +&#x200B; + +In my brief research, I have encountered several risk areas and expenses, such as zoning laws, STR taxes, insurance, HOA fees, state/local policy on STRs, etc. + +&#x200B; + +I intend to consult with a CPA and lawyer in each state I purchase an AirBnb in. However, from a broader standpoint- I have a few questions regarding this "business". + +&#x200B; + +* Is the data from AirDNA generally correct (give or take 2-3%)? +* What is the general management fee for **one** AirBnb in a certain location? Location's like Miami, New Orleans, etc.? +* I am going to have my properties inspected prior to purchase. I'm assuming this is typical and encouraged? +* How do banks generally handle loans and refis on Airbnbs? +* What are other areas of risk I have not listed? Tenet risk, weather, etc.? +* Is Airbnb generally more Tenet friendly or LL friendly? +* Is there value in international properties, specifically in the Caribbean? +* What are some good resources for learning more on purchasing Airbnbs? +* What are some common misconceptions about Airbnb? +* What am I not including / asking about that I should be? +* Is there a mega-thread or wiki for this? I couldn't find one. + +&#x200B; + +Thanks, + +&#x200B; + +/u/LithiumTomato +Hello UltraArmy!! 💎 + +**$1,000 & two $300 prizes on our Twitter!! $200 Weekly Meme Comp!! 10b Token FB Giveaway!! All Live Now!! ** 🤑 + +Welcome to **UltraSafe** where **37,000** holders & counting have already understood the Value of UltraSafe. Crypto’s current **Coin of the Future** is looking to be a **dominant** currency with use cases **WorldWide**. 🚀 + +The **Safest Token on BSC**, UltraSafe is **Fully Rug Proof** with its **Contract Ownership Renounced**. It currently has two audits completed by **Solidity & Certik** with a **3rd** currently in the works. UltraSafe has its **Liquidity Locked for 79 Years**, higher than other tokens on the market. UltraSafe has corrected vulnerabilities that would allow a rug pull still in other “safe” tokens. We are truly, UltraSafe. Developers have been **Fully Doxxed** to proper entities. Full Public Dox down the line. 💯 + +UltraSafe provides you with **Passive Income** through its tokenomics. There is an 8% tax that **reflects 4% back to holders** proportionate to what you hold. The other 4% is sent to locked liquidity to **Exponentially Decrease Impact Selling** has on our price. This helps to **prevent Pump & Dumps** & **encourages Whales to hold**. 🍀 + +Future plans including but not limited to : **dApps, NFTs, UltraWallet, UltraExchange, Merchandise**, More **CEX listings** and more **AMAs. Influencer and Social Media based marketing** is currently being **ramped up**. Billboards, Planes, Times Square advertisements are currently live & about to be everywhere. An **Animated Website v3** is soon done and live. **LLC** near completion. 📱 + +**Currently the best token to ride up with the crypto recovery. Come make some money with the UltraSafe community!!** +🚀 🌚 + +Important Links : +[UltraSafe Website](https://ultrasafe.finance/) - +[Coin Market Cap](https://coinmarketcap.com/currencies/ultrasafe/) - +[Solidity](https://solidity.finance/audits/UltraSafe/) - +[Certik](https://www.certik.org/projects/ultrasafe) - +[Discord](https://discord.gg/hy54dHhjvk) - [Twitter](https://mobile.twitter.com/ultrasafebsc) - +[TeleGram](https://t.me/UltraSafeOfficial) - [Reddit](https://www.np.reddit.com/r/Ultrasafe/) - +[BscScan](https://bscscan.com/token/0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) - +[FaceBook](https://www.facebook.com/groups/503406880704284/) - +[StockTwits](https://stocktwits.com/symbol/ULTRASAFE.X) - +[Most Recent AMA](https://m.twitch.tv/videos/1036054617) - +[irst Live AMA](https://youtu.be/FcyQYBk4wU4) - +[CoinGecko Listing](https://www.coingecko.com/en/coins/ultrasafe) - [DexTools](https://www.dextools.io/app/pancakeswap/pair-explorer/0x48bac97d5e3116626a56704be7399e1cb593a945) +https://www.cbc.ca/news/business/cineplex-covid-19-1.5612217 + +>Cineplex Inc. is inching towards a gradual reopening of its Canadian theatres, starting with six locations in Alberta later this month. + +>Canada's largest movie exhibitor says it plans to begin showing movies in the province on June 26. + + +>The company then hopes to reopen on July 3 in as many other markets across the country as government and health authorities allow, as COVID-19 restrictions begin to loosen. + +>The rollout will introduce a number of new measures, including reserved seating in all auditoriums to ensure physical distancing between moviegoers, and staggered showtimes to reduce congestion in theatre lobbies. + + +>The company acknowledged that despite plans to reopen, it expects COVID-19 to have "a prolonged negative impact on Cineplex's operations," and it has enacted layoffs, reduced capital spending and negotiated rent relief with landlords to help mitigate the financial hit. + + +>Cineplex closed all of its 164 theatres nationwide in mid-March, around the same time film distributors largely put a stop to new titles. + +>While a trickle of smaller movies have been released over the past few months, largely at drive-in theatres, Hollywood studios have been reluctant to return to business as usual without confidence that people would consider visiting their local cinemas. + + +>Warner Bros. recently pushed Christopher Nolan's Tenet, one of few big summer movies still on the schedule, back two weeks to July 31, and postponed Wonder Woman 1984 from August until the fall. + + +>Other regions of the world have struggled to get movie theatres back up and running. Chinese officials allowed many local theatres to reopen, only to force them closed again over concerns of a second wave of infections. + +>Cineplex says it is taking its resumption of business one step at a time, starting with "measured operations" at the Rec Room — a chain of entertainment locations serving food, drink and amusements — in Winnipeg, Calgary and Edmonton. + + +>The company will also be dealing the fallout of its failed $2.8-billion acquisition by U.K.-based theatre chain Cineworld PLC, which fell through on Friday. + + +>Both companies claim the other breached its contract and pledged to pursue legal action. + +>Cineworld, which is headquartered in London, alleges it became aware of a material adverse effect and breaches by the Toronto-based Cineplex, which led it to scrap the deal, while Cineplex claims there is "no legal basis" to terminate the agreement, and that it is Cineworld that has breached the contract. + + +>Cineplex noted the contract explicitly excludes "outbreaks of illness or other acts of God" from what would be considered material adverse effects of the deal. + + +>The Canadian exhibitor added that it "intends to commence legal proceedings promptly against Cineworld and seek damages." +Link [here](https://www.cnn.com/2020/05/25/tech/airbnb-hosts/index.html). + + + +With global travel screeching to a halt during the pandemic, a number of Airbnb hosts are planning to sell their properties -- at an [uncertain moment](https://www.cnn.com/2020/05/21/success/real-estate-home-sales-drop/index.html) for the broader real estate market -- or get rid of some of their rentals as well as the furniture they bought to deck out their homes. These desperate moves come as hosts face the possibility of losing thousands of dollars a month in canceled bookings while bills, maintenance costs and mortgage payments pile up. The sudden and painful whiplash for hosts highlights both the broader financial fallout from the pandemic and the potential risks of betting one's livelihood on the staying power of newer tech platforms. + +"We have been working to support our community through multiple efforts, including committing $250 million to help support hosts who were affected by COVID-19-related guest cancellations and $17 million to our Super Host Relief Fund," an Airbnb spokesperson said in a statement, adding that it's launched [new cleaning protocols](https://news.airbnb.com/our-enhanced-cleaning-initiative-for-the-future-of-travel/) for hosts. "Our internal data points to guests' desire to travel and we are preparing to help hosts welcome them as soon as possible." + + As the pandemic has stretched on, Airbnb's business model has been thrown into question. After [reportedly](https://www.bloomberg.com/news/articles/2020-03-02/airbnb-s-path-to-2020-stock-listing-imperiled-by-coronavirus) planning to make its splashy Wall Street debut this year, the company instead had to [lay off about 25% of its workforce](https://www.cnn.com/2020/05/05/tech/airbnb-layoffs/index.html). At the same time, it has struggled to appease the hosts who are the backbone of its service. Airbnb [announced](https://news.airbnb.com/a-letter-to-hosts/) in late March it would pay hosts 25% of what they would typically get back through their individual cancellation policies, but some hosts told CNN Business the policy didn't go far enough to help, or that they received smaller payments than expected. + + "The margins are so low, it doesn't make sense to keep it," Cabrales said. "The pandemic just pushes it over the edge." +Hi, my names u/degenterate and you may remember me from such posts as - + +https://preview.redd.it/ejx173msur5a1.png?width=807&format=png&auto=webp&s=ca127ebd8b4671df2db9c50d7f9cba201f6cca89 + +And such comments as- + +https://preview.redd.it/lhk7e44hur5a1.png?width=766&format=png&auto=webp&s=134ce00290ad8827160ea35dc8439bd0b499a750 + +It's high time we talked and understood, the often posted Citadel Securities LLC filing that references their $65-billion in 'Securities Sold not yet Purchased' admission. A filing that covered their period of business between 1/01/21 to 31/12/21. SuperStonk posts, like the one below, are what I'm talking about. Mods, please note this **has** been edited to comply with sub rules. + +&#x200B; + +[Oh yeah, that's the good stuff, right?](https://preview.redd.it/khsk9s14wr5a1.jpg?width=727&format=pjpg&auto=webp&s=da1dce2706ac5e42af9f2a5e7696ecba7c7f5b60) + +Holy shit, $65-billion in securities that Citadel has sold and not bought yet. Yoooo! Hedgies r fuk, hype-hype-hype! + +&#x200B; + +[And here's why.](https://preview.redd.it/6onrl52h8s5a1.jpg?width=546&format=pjpg&auto=webp&s=83031cc6849ff08a15200b53bf25c85f119ade23) + + + + +As previously mentioned, the liabilities in Citadel's filing covered the entire operating period of 2021. A year in which the global stock market fuckin' ripped, with an overall gain in the S&P of 27%. Every retailer was buying, you included, you dirty dog. + + +&#x200B; + +[Impressive, very nice.](https://preview.redd.it/yck3aakk1s5a1.png?width=641&format=png&auto=webp&s=54734c9097ee06f0f803cf50d5d8e6d4b5f59786) + +&#x200B; + +Now let's see Paul Allen's 2022 YTD. + + + + +[Oh my God, it even has a watermark \(denoting the biggest single-day drop since the pandemic-infused June of 2020\).](https://preview.redd.it/b19upoh46s5a1.png?width=615&format=png&auto=webp&s=959cf1c6465400a5427390add99f7e28d8d1618d) + +Oh shit! But what about all those stonks that retail bought, and Citadel had yet to purchase in their 2021 filing? Yeah, they're hanging like sleeve of wizard right now. Here's a sector breakdown for the first three quarters of 2022. + +&#x200B; + +[Damn, it's like my last relationship, lots of negatives and only one positive; I get fucked.](https://preview.redd.it/e72gqwc89s5a1.png?width=830&format=png&auto=webp&s=ea58bd40c2841799d219a5d59d1fe7b77e4bcb2f) + +Are you starting to get it? The reason Citadel had such a large $65-billion liability in 2021 is that they didn't **want** to purchase, and subsequently deliver those securities to retailers **last** year when prices were high. In their view, those securities were overpriced and the 2022 market was going to get fucky whether it wanted to or not. So, they maliciously failed-to-deliver (FTD) 65 billion dollars worth of securities. Instead, Citadel pocketed retailer cash and planned on buying their shit **later** at a massive discount. But don't take just my word for it. Nine months ago Dr. Susanne Trimbath was asked "What are your thoughts on Citadel's financial statement released today? $65b of securities sold but not yet purchased?" + +&#x200B; + +[Ohhh..k](https://preview.redd.it/d48pyvfkrs5a1.png?width=813&format=png&auto=webp&s=e2aaa617a9e86b0bec148f16314e33f875956051) + +But Degenterate, I hear you ask, how are they able to stay solvent with such a sizeable liability on their balance sheet, that's got to be fucking up all their shit? Well, I hear you barking big dog and the answer is something you'd never, ever, ever, ever suspect... + +&#x200B; + +[It's Shorts.](https://preview.redd.it/vsmqrgnfcs5a1.jpg?width=1200&format=pjpg&auto=webp&s=ed4051363d8c3601857c7bd37905ad5b21978c98) + +Yes, that's right. Citadel LLC is short on the whole retail market...surprising I know. And they're short in more than one way. Think about what Trimbath just summarised above. If you haven't purchased something you owe, but have taken full payment for an item someone has entrusted you to buy, who benefits if the interim price of what you both agreed to purchase goes down? That's right! It's you, the guy who got the cash all that time ago. + +That's arbitrage, that's the difference between what you *agreed* to purchase the item for, and what the item was *eventually* purchased for. Citadel's $65 billion "liability" can, and **should**, be thought of as an untraditional, and highly immoral, short position. With the entirety of retail investors it volunteered to facilitate trades for on the opposite side of the trade. Why? Because they never intended to buy these securities expeditely or at the 'fair value' you, good retailer, paid for them. Instead, they wanted to make lots and lots, of arbitrage off you. But, that can only happen if the market suddenly dumps and the original purchase price goes down. For Citadel then, the further it crashes, the better. + + + + +[POV: You, reading this post ](https://preview.redd.it/avjoi31jfs5a1.jpg?width=700&format=pjpg&auto=webp&s=4d0adcb603c8a57ed4da769ec23dc3288926a90d) + +I hope you're angry as hell, because you should be. They knew this market dump was coming, and that's why they didn't buy your shit. So, effectively Citadel LLC has this massive immoral Market Maker short against its customers. Cause guess what, you don't fucking matter to them. + +"But..but...but surface level, it's still a liability on their books right? How, then, are they staving off margin calls and keeping liquid?" + +Well, the answer is...unsurprisingly... **more** shorts. But this time, in the more traditional sense. It is my belief that, right now, traditional shorts are the **only** positions keeping Citadel from being breached, like the "totally a virgin" Mother Mary when she gave birth to Jesus. + +&#x200B; + +[You will see him in church, any given Sunday - Kanye.](https://preview.redd.it/h28xgv53xs5a1.png?width=656&format=png&auto=webp&s=9621a0e01df30e598d87161df69d2fd46a61fee5) + +But Degenerate, where are they getting the liquidity for these short positions? I'm glad you asked, because it's pretty clear that- + +&#x200B; + +[Junk Bonds \(dated 3\/3\/2021\)](https://preview.redd.it/xs8l4ij8is5a1.png?width=833&format=png&auto=webp&s=ffabad77bc4947b1cd0905e95ef8f19be962339e) + +&#x200B; + +and... + +&#x200B; + +[...borrowing \(dated 18\/8\/2022\)](https://preview.redd.it/471d7dgjis5a1.jpg?width=684&format=pjpg&auto=webp&s=a28c326c08a0fe22a892961690415d4fc00c9128) + +&#x200B; + +are *jussst* keeping them afloat. You see, it's a race, to escape their liabilities and going overwhelmingly 'we are bankrupt, go-straight-to-jail, fucked'. So, while many of you are absolutely frothing over the market crash, and positing how this will surely result in a failed Citadel margin call, you've got it all wrong. Citadel *wants* the market to crash **more than any of you**. They're short my guys, and in demonstrably more ways than one. + +&#x200B; + +**PLEASE TAKE A BREAK NOW FOR A BRIEF PERIOD OF EXTERNAL REFLECTION, AND INTERNAL INTROSPECTION, WHILE YOU RETHINK YOUR UNDERSTANDING OF EVERYTHING** + +&#x200B; + +[Let's all go to the lobby, let's all go to the lobby, let's all go to the lobby, and get some tas-ty snacks!](https://preview.redd.it/i43bep1wts5a1.jpg?width=599&format=pjpg&auto=webp&s=7dd5bf35c3d9a1748130a0e8433168716919f697) + +&#x200B; + +Annnd, welcome back! How was your break? Oh, you didn't take one... Let's carry on anyway cause we're almost at the climax. + +At this point, you're probably wondering - 'Ok Degenterate that was all very well -and-good, but this is Capitalism (*you filthy commie*). Why aren't Citadel being eaten up and devoured by their competitors?' Well, that's a great question Comrade. In short (lol), because it's a big ole' club and Citadel actually *is* being eaten up. + +&#x200B; + +[Funny that](https://preview.redd.it/hmrbf47x0t5a1.png?width=333&format=png&auto=webp&s=491d48a3283cd7fbdf08447876f1b5a39d840d0e) + +&#x200B; + +The dates are really important, the S&P peaked on January 3rd, 2022, and has been tumbling ever since. In early 2022 Citadel was in a liquidity crisis, and they needed a bail-out, instead what they got was a bail-in. + +Other firms, like Sequoia above, could have moved in 'for the kill' anytime they wanted, but they weren't positioned to take advantage of the wider market turmoil that a Citadel collapse would have caused. In fact, very few firms are ever going to be **that** liquid at all...like...**Ever**. Citadel collapsing is a system-crushing risk to the global market. Ask yourself, why would any financial firm want to smash the global market, that they operate on, further into the Earth's lower crust than the extinction-level comet that killed the dinosaurs? + +&#x200B; + +[Every financial firm wanting to be the comet](https://preview.redd.it/2iqt4nra6t5a1.png?width=353&format=png&auto=webp&s=18d111dc18b3704b9747c4a8a93a20c8b9019cfa) + + +What you need to understand is that there is no shadowy cabal dictating what happens to us all. Instead, there are extremely powerful people and companies, whose interests align, and in which all parties involved stand to benefit from one particular outcome. Understand, that the best thing for every financial firm in the present, **is** for the market to crash. That *is* the alignment. Citadel wants it, BlackRock wants it, Sequoia wants it, and (apparently) even *you've* been made to want it too. + +So, how does it happen? + +One word: Capitulation + +No doubt some of you have seen the articles saying things like this- + +&#x200B; + +[Source: MarketWatch \(eww\)](https://preview.redd.it/vhhuv1pz8t5a1.png?width=888&format=png&auto=webp&s=4ed44bbc536e262e5c9dfef43179711a08f0951e) + +Or YouTube finance bro's with video titles like: + +&#x200B; + +[Source: hah, not gonna do me like that Reddit.](https://preview.redd.it/tmaebn6x9t5a1.jpg?width=422&format=pjpg&auto=webp&s=2cadd4dca958170216ab6af5cd17ff0847c8ae2f) + +And let's not forget our good friend the Mainstream Media which is simultaneously gaslighting retail about inflation not coming down until they capitulate in the stock market (?) - + +&#x200B; + +[Source: CNBC interview \(dated 29\/6\/2022](https://preview.redd.it/l38l4ts5bt5a1.png?width=1284&format=png&auto=webp&s=ed48351075df41acfdb558490866996570dd43d7) + +They need retail to capitulate, they need the sell-off, and they need people fleeing the markets below the prices at which they entered. To whit, apes *are* retail, but not all of retail *are* apes. Within the wider market, I guarantee you that retail capitulation **will** happen as things continue to deflate. Furthermore, Citadel's $65 billion liability won't be the smoking gun 'haha, they r fuk' everyone's currently painting it as. + +So, is that the point of my post? + +Kind of, but it's also a warning. + +Citadel's next filing, for the year 2022, is due to come out at the end of this month. I wouldn't be surprised if their liabilities are way down from the $65 billion everyone cares about, and thinks is a messiah-level indication of weakness. The market has been in a clear reverse during the year, and not all of those $65 billion 'securities sold, not yet been purchased' are naked $GME shorts. We can dream, but it's not even close. + +Citadel has no doubt been closing out these liabilities as people's original purchase prices dip below their purchased securities' current value. They shorted retail in this manner, and yes it's absolutely heinous. Regardless, when those liability numbers **do** come in lower than expected, it **will** be weaponised against the sub, and in a very similar fashion to fudged DRS numbers. + +Ahead of time, I am once asking that you don't give a flying fuck when that FUD eventually happens. There is not a single thing, in my mind, that they can do to escape paying out on the shorts that refuse to capitulate. That is, unless individual investors within the shorted stock make a conscious decision to capitulate alongside the rest of retail *en masse*. + +I can't give you financial advice. There is no right or wrong, your decisions will always be your own. + +I just happen to like the stock. +Hey all! + +I’ve spent almost 6 years on my FIRE journey and have amassed almost $1 million. But it’s been a lonely and sometimes divisive topic to discuss with friends and family. I’ve always wanted to talk with friends about saving, investing, and retiring early but it always seems like such a taboo topic. Because of that, I’ve basically resorted to lurking and posting on Reddit. That is, until recently! + +I went out to dinner with a few of my friends recently and we started talking about investing. One thing led to another, we were all discussing our portfolios, our goals, and what we want to do when we retire. It wasn’t exactly a conversation about retiring early but it was an honest conversation about our financial situations. I not only shared how I didn’t like to spend nearly as much as my friends but I also learned that I’m pretty risk averse when it comes to investing! While I mainly invest in ETFs, one of my friends has gone full WSB $YOLO and has made 3x his money. I obviously feel some FOMO but even he admits that it was due to luck and stupidity. + +We enjoyed our discussions so much that we now message each other almost every day about stocks, investing, and portfolios! And even share a few deals here and there to save some money! + +This is all to say that FIRE feels pretty lonely until you meet a core group of people that you can have great in-person discussions with, who understand your life goals, and who are there to support you and hold you accountable. I’ve had a lot of fun discussing with my friends that I figured it would be worth it to expand my network and discuss with some random people online! If anyone’s interested, I’d love to start a small, Zoom discussion group for like-minded FIRE investors to come together and share tips & tricks! +I've been in crypto since 2017... and over the years I've made every single wrong. If I could build a time machine and tell my younger self a few things, these would be it: + +&#x200B; + +1. THERE IS NO SUCH THING AS A GET RICH QUICK SCHEME + 1. While money comes quickly in crypto, as compared to traditional markets, it goes away even faster. Your profit, and return on investment, is directly corelated to the amount of work, effort, research, and attention, you put into your investments. If you do it right, you will have a ton of success... if you don't, your failure will be epic in so many ways. + 2. Things might sound outlandish in crypto, but if you follow rule #1, you'll be able to figure out which have potential, and which ones are never going to reach the daylight. If someone is trying to make you "Get in right now or you'll never be rich" that's ok... let them have the glory of monster gains, there are plenty to be had that will fit your needs. I'll tell you below how to figure out which projects are good and which ones are not. +2. PEOPLE THAT TALK ABOUT BEING THE BEST IN CRYPTO ARE NOT + 1. If you run across someone that constantly says that they are the best (paid group leaders come to mind), they are far from it. The one's that are the best let their work talk for them, and they are more than happy to help others be successful for free. + 2. The biggest names in crypto are the ones that show you their work... If you have doubts about someone being who they are, just ask them to show you their P&L. If they are genuine, they will do so without hesitation, if they are not... they will give you an excuse of why they will not. "I only talk to real Alphas" is not the right response to this. +3. YOUR NET WORTH IS NOT THE MEASURE OF WHO YOU ARE + 1. It is easy to look at some people turning $5,000 into $500,000 in 6 months and thinking that you should do the same... you won't. Some of these people are incredibly talented, gifted, and dedicated traders who spend 8-12 hours every day working on their portfolio. They have years of experience that makes them good at what they do... or they are just really lucky. Either way, you're not going to beat them until you become the same. + 2. Being successful in crypto means different things to different people. Set your goals early and gauge your success based on your goals. "I want to be rich" is not a goal, it's a dream. "I want to make $100K this year using crypto" is a goal... "I want to be a millionaire in 2 years with crypto" is a goal. Once you make it, figure out what you need to achieve it. You might have to educate yourself, you might have to practice trading on paper before doing it for real, you might have to lose some money before you make some. Just make sure you know what you're trying to do and what you need to do to get there. + 3. The biggest thing that will stop you from succeeding is your ego. Be humble, be smart, be the one that people want to be around. You'll get much further in life if you swallow your pride and admit your mistakes. +4. DO YOUR RESEARCH NO MATTER WHAT + 1. Whitepaper + 1. Does it make sense? + 2. Does it solve a problem that needs solving? + 3. Does it solve it better than anyone else out there? + 4. Is there direct competition, if so research them + 2. Management team + 1. Are they experienced in the field they are trying to enter? + 2. Do they have someone external helping them enter the field? + 3. Do they have experience leading startups or history of long term business development? + 3. Adoption + 1. Are people talking about it or is it so far off the beaten path that a handful of fanboys know about it... if it is latter, it's probably not a good projects + 2. Market cap and volume... a great sign of adoption is high volume as relative to the market cap... you want to see volume in the 10% of the market cap at least... So if you have a $10M market cap coin, at least $1m should be traded on a daily basis... $50M cap coin means $5M trading volume... etc. and majority of that trading needs to come from a large variety of wallets. You want big holding wallets, and small wallets to be moving the coin around... it shows a healthy ecosystem. To that note, small transactions on regular intervals are bots keeping the network alive... if that is most of the volume... MOVE ON. + 4. Execution + 1. Once you get into the coin, it is important to track the progress of execution. Everything might look good on paper but if they are not able to make their idea into a reality you will see a bunch of fluff news around but no actual implementation + 2. Crypto companies move at the speed of light. They knock out projects in weeks and months, not years. If you run across a team and project that has very few executed projects across a long time span, there is something wrong. Especially if they keep saying "Great things are coming" "Amazing stuff is about to happen" What a traditional company does on 5 years, a crypto company can do in 1... so if they have been around for 4-5 years and they don't have much to their name, it's a shitcoin... you should move on + 3. Is there transparency with the investors? If the team is not willing to share their roadmap with the investors (YOU) and is reluctant to keep up with regular updates, then something is not right. Right teams will not only update people on the things that are going on but they will also engage the base on a daily basis to keep the interest alive. They need to be as excited about the project as you are. + 4. Check their GitHub. A good project will have some data on there and you will be able to parse through it to find out if it is legit or not. If it doesn't look right, you might want to move on (Credit u/klock23s) +5. RISK MANAGEMENT MATTERS + 1. Catching falling knives is dangerous. Don't try to be perfect on your entry and exit. No one can predict that. If you have done your homework, you'll know the entry range, the exit range and the right time to act. When you do, act with intent, not doubt. + 2. Diversification is going to be a key to your success. Invest in a wide variety of projects, different industries, different fields. No one industry or project will reign supreme so make sure that you cast a wide net. + 3. Don't put in more than 3-5% of your net holdings into any single project. That doesn't mean that you should ONLY invest 3-5%, no... it just means that any single project should have no more than 3-5% of your overall holdings. + 4. Use stop loss if you are swing trading, if you're not then have a number in mind where you're going to cut your losses. 98% of traders lose money, it's a simple fact... most of them lose money because they have crappy risk management. Even if you're in love with a project, you should know when to get out. Things change so re-evaluate often. More importantly, if you risked only 3-5% of your portfolio, even without stop loss, you're going to do OK. + 5. No one is perfect, if you are a trader that has a 70% strike rate (meaning that 70% of your trades are profitable) you will come across a losing streak where 5-6 of trades you have will be bad. Without risk management, those trades could wipe you clean and leave you broke. to recover a 50% loss, you have to make it up with 100% gain to break even... doubling your portfolio is not that easy. Most successful traders have a strike rate of 40%, so using proper risk management is key to their success. + 6. Keep a journal of all the trades, entries, reasonings, rationale. Part of risk management is knowing when you F-ed up... you won't know that until later and you need to know why. Learning from your mistakes is hard when you don't know what you did that was so wrong. (Credit: u/LittleAce7) + +Remember, these are rules and not law. There are exceptions to every rule, but if you have too many exceptions, then you don't have any rules in place. So use caution if you decide to not follow one or more of these. + +Most importantly though, remember that crypto and trading is not life. You only live once, and while you will fail often, make sure that you take the time and dedicate it to the things that are more important in your life. Spend time with your family, spend time with your loved ones and share with them the precious little that you have. + +No mater what, even if you lose it all, don't give up. Lessons can be costly, but you will be stronger in the end. If you learn from your mistakes, I can guarantee you that you will come out OK in the end. Trust me, I've done it... and I'm doing just fine! + +See you in the future. + +US + +&#x200B; + +P.S. Surround yourself with people that are willing to help you succeed. People that will cheer you on with every step forward you make. People that will be happy if you're doing better than them, but if you're not they will give you advice on what you can do better/different. There are many people out there like that, find one first... then find more. Once you do, your success will be almost guaranteed. +(Or ruined it?) + +I know the title is hard to believe, but it is true. Even if I did waste too much of my life trading. + +Maybe this can be a little inspirational to someone here. Maybe some of you will think it is sad. + +During high school I was addicted to a MMORPG and played 40+ hours per week. I would trade/invest in different items in the game, eventually becoming well known within the game and one of the best. I would corner markets to the point that drop rates/rules were changed to stop me. I was well regarded and well respected within the game. People would ask my opinion on stuff, want to join my trades with me, etc. etc. + +In college I tried to distance myself from gaming, but my experience with trading virtual items made me see the potential in cryptocurrency early on. Junior year I turned $200 into $20k and cashed out $15k. Then senior year I turned the $5k remaining into $80k and cashed it out. + +This is all while I got straight A's in math, economics (majors), and physics (minor). But doing all of this together led to extreme burnout. When I did not apply to grad schools I felt like I was failing all my teachers. I "coasted" my last semester still managing all As but was so burnt out I didn't apply to any jobs. I started applying to a few once I graduated, but when none of them got back to me for months I felt like a complete and utter failure because I had always been such a perfectionist and always on top of my game. I didn't know how to fail. + +I eventually got an internship in the marketing department of a finance company. They would have me go stand in line to buy them lunch and stapled together their marketing material in an industry that was going through a rough patch. Meanwhile, a few of them mocked me for trading bitcoins (and traders in general) asking me if I had seen the price movement every large crash as it fell from like $400 to $200 over a few months. I do not have good social skills and couldnt make any friends or defend myself and my self esteem continued down. + +I managed to get a job in programming about a year after college but I was no expert in it. I felt like the worst person on the team and was treated like it. Extremely regimented days where I would meet with the boss every day and tell her exactly what I was doing and had to record everything in 15 min intervals. Most people had depression and burnout it seemed like, and I realized I did not like programming or working in an office, and started to contemplate suicide. + +Eventually I decided that I would travel the world for a year or two and then kill myself. That would be it. Maybe find a way to do it while travelling. + +So I quit and my family freaked out like crazy. Dad suggested I should become a baggage handler at the airport. Mom suggested to apply to anything and everything. Grandma suggested going to church. I just wanted to travel. Now my family saw me as a failure, in addition to my past employers and teachers. I was 24 and had about $170k saved up, and there I was believing I was a complete failure while wondering if I should take a min wage baggage handling job at the airport or just off myself. (Nothing against baggage handler or min wage, but it was so different from my my plans/studies) + +But then Bitcoin started to make a comeback and appeared to be entering another bubble cycle. I decided I would trade and while travelling see if I can make a year's worth of my old salary doing so. + +This was early 2017. Out of the $80k I cashed out of crypto a couple years earlier, I put $20k back in. In 2017 I was on top of my game. I had seen many bubbles play out before and I was going to trade it as perfectly as possible. I managed to turn the $20k into $1 million that year with no drawdowns over 20%. Completely killed it. Recognized it was overhyped in December and cashed most of it out. Made another few hundred k trading rebounds on the way down. Basically I was in "do or die" mode working upwards of 100 hour weeks analyzing everything. I had to basically prove to everyone (myself, my family, my last employers, friends who thought I was crazy, etc.) that I knew how to trade and the entire time I felt like my life was on the line with every trade. + +It was the most stressful year of my life. It was me vs the world and I put every ounce of energy into the battle. But I had done it - made $1M at age 25. Maybe this would be enough to stop the relentless depression and the self hate. + +I somehow convinced a bank to give me a loan to buy a house based on my trading record alone, and rented it out to roommates who pay for most of it. Spent some on a Tacoma that doesn't depreciate much. Spent a little more on travelling. + +Then i moved a large portion into stocks where I made a decent amount on Canadian weed stocks, a 30-40% rebound in REITs, and some others. All from strategies learned in crypto, which were modified from strategies learned in online gaming. + +I am very far from recovering from depression. And if you asked me now, I still do feel like a complete failure. Except for one thing - the time it was me vs the world and I won against all odds. I don't really know what to do to get my mental health better. But at least I am still here. +Why is MMM so undervalued, as in what is causing the stock price to be bearish, and is it concerning to anyone about why it is down? I want to add it to my dividends portfolio but I just want some other opinions on the company/stock price. Thanks +American Airlines is at a 52 week low and even lower than their initial drop in March. UA and DAL are on there way. They were hit with bad news that requires them to provide refunds instead of vouchers when it comes to cancellations and rebookings. + + Are you seeing any value in airlines yet? +I have always been a smart, frugal, reserved, and cautious person. I never in my life would I have thought that I would be someone telling a story like this. However, due to my stupidity, emotions, and overconfidence, i lost 75K in a matter of months. I have nobody to blame but myself. + +I just want to tell this story to someone, in hopes that I can start getting over this massive depression. + +This 75K was part of the proceeds from my home that I sold late last year, and represented most of my net worth. Ive since got married and moved into a condo (renting). Since we had no immediate need for the large sum of cash, I had the bright idea of investing it in hopes of making a few extra bucks. I mean, it takes money to make money, right? Some extra money on the side to help us if we decide to have kids and the wife is out of work for a while. + +So i went ahead and did it, on my own, my wife having zero knowledge. I wont get into details, but I invested in a company I thought was stable, and doing all the right things. Yes yes, I know, diversify! All that good stuff. I know. I ignored that. Unfortunately the stock price didnt agree, and after some dips, crashes, recoveries, etc. I ended up trading my way into oblivion. Yes it was volatile, and I thought my put hedges would protect me from downside risk, but due to my emotions, and large downwards moves, it wasnt enough. + +For the last several weeks, I have had the following emotional and physical consequences: + +- I have dropped 10lbs (im sure a lot is water) due to not +eating/no appetite. + +- I have gotten minimal sleep + +- I have a constant tightness in my chest and headaches. + +- I cannot stop thinking about how much i fucked up and how +much I have set back my family. + +- I used to exercise daily, I havent done any of that in weeks. + +- I am clearly not happy at all and have no ability to truly enjoy myself or be myself. I have to pretend to be happy when I am out with friends/family/wife, and im sure I am doing a shitty job. + +I have learned a lot. Looking back I ask myself, why did i do it if things were fine? I had a decent/steady job, i had money in the bank, I was happy with my life, and I loved everyone in it. I could have just let it sit in an account and just go through life a half step ahead and just enjoyed it. But instead, thoughts of extra money started popping into my head, and the things that we could do with it. I chased the dollar when I didnt need to, and I paid ever so dearly. I learned I do not have the emotional strength to invest. I would watch my investments daily, almost constantly. I would get upset, I would get happy. I couldnt sleep. I couldnt concentrate. + +So what is my gameplan now? Well, I know in the long run I can recover, but this is a significant blow to our wealth. First and foremost, ive transferred whatever I had left in my trading account back into our bank account, and put in a request to close the trading account. In the short term, I am looking for a job to do on the weekend, and maybe some night work. I am going to sell my PC for some extra cash and sell my car and buy a cheaper one. I also have to gear up to explain this to my wife at some point, but I need to get a plan together first and start executing on it before I tell her. + +Any way, its been nice to actually type this out. I feel a bit better believe it or not. I know in the long run I can recover. I just need to get through this extremely depressing time in my life. This is extremely uncharacteristic of me, and I cannot believe it has happened. Please be smart and dont let it happen to you. + + + + + +I hope this is the right sub to post, please let me know if it's not. + +My dad very recently passed away unexpectedly in his mid 50s. I am a grown woman but he went on to have 3 more children (12, 11 and 5) with his current wife. He was the breadwinner, she worked as well but doesn't make near enough to ever support her and the kids. She and I get along and I really do love her even though she's a bit nuts. + +My dad has me as his sole beneficiary for his life insurance. Obviously, I am planning pursuing all benefits from his job and getting everything over to her and the kids ASAP. Between life insurance, his union fund, pension, social security, the gofundme I set up for them, etc., there will be a considerable amount of money for her to support them until she figures out what she's going to do long term. + +The thing is: she has no money sense and never has. She and my dad lived quite literally paycheck to paycheck, sometimes having to take out payday loans, car title loans, etc. She is what I would call a "5 minute millionaire"; if she gets any sizable amount of money, it's gone in an instant. Last year, my dad gave her $2000 to get the kids outfitted for the year and the kids never saw a cent of it! She tries to be a good mom, she's just sort of all over the place. + +I'm hoping to get some advice about what to do in this situation. I don't think she would like it very much if I controlled the money for her (who would?) but this money needs to last. Should I set up funds for the kids that she can't touch before giving her the rest? I know for a fact that's something she will not do herself. I don't feel like I can hand everything over and just say "Good luck" because these kids need to have a roof over their heads, clothing, food, medical coverage, for more than a few months. + +The first thing she wants to do is take the kids on a week long vacation, which I think they all need and deserve, but what happens after that? Any and all advice is greatly appreciated. Thank you so so much. +Hello, + +I haven't really done any serious DD before, but I got motivated tonight to do a project. Today we saw Ryan Cohen buy into BBBY and its shares traded went above the shares outstanding in a single fucking day. Where have we seen this before? Well, none other than our beloved idiosyncratic risk GME. Then, when I was reading **Dave Lauer's** AMA a person in there posted to check out Mullen Automotive. So I did and wrote [this](https://www.reddit.com/r/Superstonk/comments/t8t0ed/comment/hzr2c44/?utm_source=share&utm_medium=web2x&context=3) in response and asked [this question](https://www.reddit.com/r/Superstonk/comments/t8wkpk/comment/hzr7loo/?utm_source=share&utm_medium=web2x&context=3) to /u/dlauer. No answer from Lauer yet, but I wasn't finished for the day. No, I wanted to know what other stocks had trades above their shares outstanding and I wrote up a script to scrape all of the stocks out there and check which ones did. + +Here's the results: + + NASDAQ: + -----BBBY + $21.71 + day's percent change: 34.178% + volume: 105546239 + shares outstanding: 96337712.9894058 + marketCap: 2091491749.00 + -----FAMI + $0.1551 + day's percent change: -6.114% + volume: 35624135 + shares outstanding: 20517704.706640877 + marketCap: 3182296.00 + -----MARPS + $12.11 + day's percent change: 69.846% + volume: 7609080 + shares outstanding: 2000000.0 + marketCap: 24220000.00 + -----MULN + $1.06 + day's percent change: 34.929% + volume: 255552225 + shares outstanding: 34942303.7735849 + marketCap: 37038842.00 + -----OP + $1.26 + day's percent change: 101.60% + volume: 109638565 + shares outstanding: 24191669.04761905 + marketCap: 30481503.00 + -----RCON + $1.40 + day's percent change: 26.126% + volume: 11527378 + shares outstanding: 7202832.142857144 + marketCap: 10083965.00 + NASDAQ count: 6 + NYSE: + -----ECAT + $15.50 + day's percent change: -2.882% + volume: 372398 + shares outstanding: 5000.0 + marketCap: 77500.00 + -----IO + $1.39 + day's percent change: 73.75% + volume: 32682602 + shares outstanding: 29617040.287769787 + marketCap: 41167686.00 + -----NINE + $3.59 + day's percent change: 99.444% + volume: 66065924 + shares outstanding: 32828949.02506964 + marketCap: 117855927.00 + NYSE count: 3 + AMEX: + -----BRN + $4.88 + day's percent change: 43.529% + volume: 16579358 + shares outstanding: 9447220.081967214 + marketCap: 46102434.00 + -----CEI + $1.28 + day's percent change: 64.103% + volume: 639578132 + shares outstanding: 302757497.65625 + marketCap: 387529597.00 + -----ENSV + $2.50 + day's percent change: 85.185% + volume: 24639811 + shares outstanding: 11432284.0 + marketCap: 28580710.00 + -----GBR + $5.27 + day's percent change: 38.684% + volume: 12608605 + shares outstanding: 5131933.965844403 + marketCap: 27045292.00 + -----HUSA + $11.30 + day's percent change: 494.737% + volume: 199017080 + shares outstanding: 9928337.96460177 + marketCap: 112190219.00 + -----INDO + $61.50 + day's percent change: 50.846% + volume: 23329688 + shares outstanding: 7447955.008130081 + marketCap: 458049233.00 + -----MXC + $30.36 + day's percent change: 21.732% + volume: 8937784 + shares outstanding: 2121666.007905138 + marketCap: 64413780.00 + AMEX count: 7 + + +A few very important parts of information regarding this data. Where I got the data some of the marketCaps were empty strings or they were listed as "0.00". So I threw those out. I understand that this isn't the best solution when it comes to data, but I only have so much time tonight. Also while doing this I found out that AAPL is missing about one billion shares on all the places I could identify a market cap/shares outstanding. + +Seriously, check it out here: [https://www.bloomberg.com/quote/AAPL:US](https://www.bloomberg.com/quote/AAPL:US). Open that in a private window if it refuses to let you see the data. Right there it says the price is $159.3, the shares outstanding are 16.32B, and the market cap is 2.600T. Which if the price were about $169 then, yeah, it would be correct, or if the shares outstanding were about 17.3B. So about a billion shares missing for AAPL. + +I don't know what I want to provide the community with this information other than there's more fuckery than just GME out there. Obviously, I'm here because I believe GME is the play. I guess I just want to provide some boarder market understanding to help us understand GME better. I also think if we start tracking the fuckery then that's something else that we can do submissions to the SEC/DOJ regarding. + +Some things that could help me. If anyone knows a preferred place to scrape data from that would be great. You can post here or private message me. I'd love some better data because I had to throw out over one thousand tickets just because the place I scrapped from had this JSON format with marketCap as an empty string or "0". Here's the AAPL example: + + { + "data": { + "headers": { + "symbol": "Symbol", + "name": "Name", + "lastsale": "Last Sale", + "netchange": "Net Change", + "pctchange": "% Change", + "marketCap": "Market Cap", + "country": "Country", + "ipoyear": "IPO Year", + "volume": "Volume", + "sector": "Sector", + "industry": "Industry", + "url": "Url" + }, + "rows": [ + { + "symbol": "AAPL", + "name": "Apple Inc. Common Stock", + "lastsale": "$159.30", + "netchange": "-3.87", + "pctchange": "-2.372%", + "volume": "96184625", + "marketCap": "2761838262000.00", + "country": "United States", + "ipoyear": "1980", + "industry": "Computer Manufacturing", + "sector": "Technology", + "url": "/market-activity/stocks/aapl" + } + ] + } + +Also, if there's interest in this I can run this script every night after market close and we can keep track of which tickers have some level of fuckery going on. Finally, if you are interested in seeing this every day, please give me a better title. Something succinct. +Single 27M here. I'm worried that settling down and having kids too early will derail my fire plans. My goal is to have enough rental properties to give me 100K in rental income after taxes and expenses. I'm hoping to get there by age 35. I'm definitely not going to get there if I have to spend part of my paycheck on daycare and other childcare expenses. + +I'm committed to my plan but I am already starting to see people I went to high school and college with start to get married and have kids even though they're in my age range. I know that my strategy is going to give me a better life a decade from now but I am having to deal with that nagging sense of isolation as people around me seem to be choosing different paths. + +I just want to know if anyone else has been in the position of having to delay starting a family in order to first reach financial independence. +[So there's news that Oracle has bought TikTok.](https://www.nbcnews.com/tech/tech-news/tiktok-reaches-deal-oracle-n1238454) The covered calls might be amazing tomorrow as it rockets up. [Currently it's merely a $57 stock.](https://finance.yahoo.com/quote/ORCL/) If you don't know Oracle is the company that currently owns Java so that's a interesting diversification of products. +HeRe We Go AgAiN... another post about Bigger Pockets. This is a partial complaint but also a cry for help. + +I used to be an avid listener of Bigger Pockets podcast. Yes, I acknowledge that you can say the same thing in only so many different ways. However, I used to get at least one or two golden nuggets of information from most interviews. It was great to hear some of the success stories and specially the short falls (which is where I learn the most) of some of these investors. There are great podcasts that would talk about systems, dealing with contractors, negotiations, etc. + +Now I feel like those days are long gone and I'm hearing life coaches peddling their books and a bunch of fluff. The "witty banter" from the hosts is subpar at best and cringe worthy most of the time. So I've said no more... but I still want to intake content. + +I currently own multiple units, have several rehabs going, and a few wholetail deals as well. So I'm not a big wig, but this isn't my first rodeo either. So I'm looking for content with meat and potatoes still left in the stew, none of this watered down, unseasoned, luke warm, watered down crap. + +Anyone have any resources that still put out good content? + +Sorry if this has been covered before. +Title. I got into crypto fairly recently, in March 2021. Having not experienced a bear market ever before, I’m really keen to hear what the transition was like and to learn about some of the lessons that it taught you. + +Here’s my take on it as a newbie: there’s a huge run up, BTC peaks, a month later, Alts peak, and then the market dips 70% and we go into a bear. + +I’d also like to know how did you handle your investments? Did you just go into stable coins, or did you get some BTC too? What would you recommend as far as selling your holdings? + +I think me along with a lot of new people in the space would really benefit from this advice. Thanks! +Given how close we are to the start of a new decade, I figured it might be fun for some of us to reminisce (and speculate). I bet a lot of us have come a long way. + +So please leave a comment answering three questions: + +* Where were you (in the context of FIRE) ten years ago -- at the start of 2010? +* Where are you now -- at the start of 2020? +* Where do you plan to be in ten years -- at the start of 2030? + +I'll go first in the comments. +What are some "free" or "cheap" hobbies you have? + +I've always been low on money all my life so I actually never go to the movies. Like if I watch a movie at a theater once a year, that's a lot for me. + +I guess one of mine is reading, because I can just borrow books from my local library. I also just like to randomly walk around my neighborhood, especially during the springtime. If I have more time I would sometimes watch baseball using wifi. + +What are yours? +I got tired of commenting to a ton of people and decided to make a post about it. Mind you I have no wrinkle in my brain at all and might have some part of it wrong, but my god the amount of people just accepting what the top post about it is telling them, when it's completely wrong. + +Paste from my last comment written: + +>Rules aren't going to be passed quickly at all. That's not how any of this works. The top thread about this that was first posted is COMPLETELY WRONG. This rule (changes) still has to be approved by the SEC. This is nothing new. Each and every rule that the NSCC, DTCC, or whoever thinks up, is always approved by some board in-house first and then gets sent to the SEC for approval. You can look at any rule posted on the DTCC site, read into the like second or third page, they are all "approved" by a board of that agency before sending it to the SEC. There is not fast-tracking of new rules. Once a rule is submitted to the SEC for "approval/no objection" (45 days), THEN the ~~DTCC~~ NSCC can implement the rule IMMEDIATELY without the 10 day notice period for it's members. This rule isn't what anyone thinks it is. That original thread got WAY out of hand, some mod should have stepped in and shut it down or clarified a while ago because now we are going to be dealing with this all weekend. + +Edit: I'm off to bed. I appreciate the comments and discussion that has happened in this thread so far. I'll review and reply to all who directly commented to me in the morning. Have a great night/day everyone! +Quarantine Day 37 + +Location: Dumaguete, Philippines- 1.5 hour plane ride from Manila + +I've been on strict home quarantine for over 5 weeks. The President's lockdown on the country's capital (home of 12 million people) is more restrictive than any place I know not named Wuhan. + +On the plus side, I'm blessed to be staying in a beautiful house. I do yoga on a manicured lawn in a well-tended garden. A fantastic cook and a delightful maid make sure my girlfriend and I are taken care of. Nearly every day has been sunshine and blue skies. + +On the downside, the "enhanced community quarantine" (what the government has dubbed this lockdown), allows only one person in the house to leave for any reason. I am not that person. **I literally am not allowed to leave my home for over 45 days (with new rumors to 75 days).** Still, I feel like riding it out on an island in the Philippines was the safest choice. + +"Shelter in Place" may be the right decision for me, but not everyone feels the same way. Since late January, the **US government has had to rescue 62,000+ US citizens stranded abroad due to the pandemic.** Tickets for these repatriation flights can run several thousand dollars, of which the US government pays zero. Given the cost and health risk of flying and returning to the US, I was curious what led some people to retreat for home vs. staying "sheltered in place" overseas. + +Many of us talk about FIRE abroad. Some of us already are. Hopefully, this pandemic is a once-in-a-lifetime event. But what if it isn't? When things get rough, and stress is high, when backup plans blow up in your face, do you stay abroad or pack up and head home? What criteria do you use to make a decision? How safe is safe? + +I asked over 15 expats to share their stories of living abroad during a pandemic. Below are 2 stories (one who stayed and another who left) to shine some light on what life was like living overseas as COVID-19 hit. You can read about the decision-making process they went through. See how often discussed concerns like healthcare, safety, and cost of living factored into the decision to stay or go home. Find out whether they regret any of the choices made so far. + +**The 15 people represent Redditors in this sub, people who FIREd abroad, digital nomads living and working overseas, and some perpetual travelers.** There are several viewpoints, and \*SPOILER ALERT\* not all of them thought staying abroad was the right decision. + + +****** + +## The Frugal Vagabond + +u/iamlindoro​ + +**STAYED: Granada, Spain** + +>"Though we had plenty of warning that our window to travel internationally was closing, we opted to stay here for a number of reasons." + +## How long have you been living overseas, and where were you living before travel restrictions went down? + +We've lived in Spain for just over two years. Spain is one of the countries hardest-hit by the coronavirus pandemic and is subject to some of the most stringent restrictions on everyday movement in the world. Though we had plenty of warning that our window to travel internationally was closing, we opted to stay here for a number of reasons. + +## Why did you decide to stay? + +We saw that Spain was seeing large numbers of infections and deaths despite excellent universal healthcare and an almost universal acceptance of the restrictive quarantine. We compared those conditions with the casual (or even arrogant) attitudes we saw about the need to limit contact in the US, and anticipated that the US would soon carry a much higher risk of infection with coronavirus. + +## If the pandemic extends for another 30-60 days, would you make the same decision? + +Ultimately we are more confident that Spain will take the necessary steps to contain and hopefully eliminate cases going forward. We do expect the crisis to continue at least another 30-60 days and with that in mind, are comfortable with our decision. Shelves are well stocked at the grocery stores, and the only things we've missed out on here and there are creature comforts like a particular brand of candy or imported items. + +## Was there any aggressive hording in Spain, similar to the toilet paper stories we are hearing out of the US? + +There was exactly one day where we saw empty toilet paper shelves here in Granada: the day after they canceled school for the rest of the year in our province, which was also the day before the quarantine was declared. That day, there was also no meat in the store. Since that day, we haven't seen any obvious hoarding. There's always been enough of all of the necessities, but they're definitely being prioritized by supermarkets over some of the less popular creature comforts. + +## You mention Spain's health coverage. Did the US health care system play a part into your decision making? + +US health insurance played a small role in our decision, mostly because we have a Spanish policy that covers everywhere in the world... except for the USA. That's pretty telling, but logistically we tend to buy short term emergency policies when we visit the US, and I would be very anxious with such a minimal plan in the midst of a pandemic. + + +****** + +## Our Freedom Years + +Stephanie & Gillian + +**LEFT: Italy for Toronto, Canada** + +>"We were safe and comfortable there for a month - despite being in the epicentre of the Italian outbreak - but knew we had to leave..." + +## How long have you been living overseas, and where are you currently living? + +We’ve been traveling full-time for the past six months. We were previously working as expats in Singapore but we were able to reach our financial goals, say goodbye to corporate jobs and set off for a life of travel. Our plan is to take the next few years to explore the world slowly, starting with Europe. + +However, much to our surprise, we've found ourselves to be back home in Canada after a seven year absence. We had intended to be in Croatia by this time of year but our plans were cut short by the virus outbreak. + +## Did you decide to stay overseas or return home? + +When the COVID 19 outbreak became a global concern in March, we were in the midst of a two-month trip in Italy. We tried to leave Italy but our last-minute flight to Hungary was cancelled. We quickly decided to find sanctuary at a friend's holiday home at Lake Como in northern Italy. + +We were safe and comfortable there for a month - despite being in the epicentre of the Italian outbreak - but knew we had to leave, not least because our Schengen visas were about to expire. + +We then went to the only country where we were guaranteed to be welcomed, which is our home country of Canada. + +## If the pandemic extends for another 30-60 days, would you make the same decision? + +As long as the travel bans are in place, we will stay in Canada. Being here allows us to provide support to family during a difficult time. We are taking this situation as an opportunity to spend time with loved ones after having lived overseas for so many years. + +## What city or country would be your primary choice to live during a COVID-19 lockdown, and why? + +As value seekers, we would ideally prefer to be situated in a less expensive city than Toronto, although this is where our family lives. We would likely choose another large, interesting city in Canada, such as Montreal. + +Of course, our main interest is getting back on the road again and picking up our travel itinerary in the Balkans. Here's hoping travel is safe again soon! + +****** + +I don't want to SPAM the sub with several similar interview posts, but if there is enough interest, I can release the other interviews broken up over a couple days. +We are on our way to FATfire and are currently LEANfired. Looking to own and operate a small business that requires higher startup costs. Higher risk/higher reward, such as a construction business (excavation?), HVAC, plumbing, electrical. My husband has been farming his whole life and has recently taken to rehabbing real estate rentals. He is starting to get a handle on construction, electrical, plumbing and contracts. I handle our finances and excel at responding in a timely manner to potential tenants or clients. We would like to couple our real estate businesses with a real estate related improvement business. Does anyone here own an HVAC, electrical or plumbing business? Thoughts on that path? +The Kanye love, the Elon lust, the worship of billionaires and huge corporations that treat their employees like shit. This sub constantly has content to which I am diametrically opposed. + +That is while we will win. This movement has people from all over the political and social spectrum. + +I don't know any other movement with this kind of coverage across lines that would otherwise be staunchly drawn in the sand. + +This is because the ground work has been laid by the brilliant. The foundation set by the determined and the rocket has been in production by the masses for the last two years. When it soars it'll roar across the sky. + +When you make it don't become one of them, remember where you came from. Until then Hold. + +Edit: +Real classy using the suicide report bot to "troll" me. +It's a tough question, but I think most people here are ones that think for themselves. Have you ever found anything about FIRE that made you stop considering it? Do you think it's unrealistic at some times/countries? Is it too much (or too little) of a goal? +I want to know every downside of FIRE. +I remember back in 2017 and the first half of 2018, everyday I heard about digital currency related news and conversation. But now all the conversation and news are about cannabis, like which pot stock should we buy and how the pot stocks pop up 100% easily. Is that mean investors are not interested in digital currency anymore and all the attention have been shifted to pot stocks? I have no position in digital currency and interested to get some pot stocks. +Are you holding to the "buy and hold" strategy? + +or Are you gonna sell some of your position and buy it back assuming market will have around 15-20% correction like last year? + +or are you keeping your position now and waiting to buy when market drops more? +If you can’t handle the 50% dump you don’t deserve the 500% pump… + +Words (insert eg x% )that was used years ago as the go to for panic posts- + +Since we are seeing a bit of volatility today and I’m starting to see panic posts some words from veterans here from years ago to keep the chin up and HODL strong. + +The market tend to have a bullwhip effect vs normal stock market nowadays so any move is exponentially larger. Part of the risk and excitement of being in the crypt. If you haven’t been here long (most people here have got into the crypt the last 4 months) this is part of the game and likely will be for a time. This is good as this also gives the gainz over time more than traditional markets. + +The market is more mature than years gone by but the volatility is still there albeit less pronounced eg 80% drop in 2hrs - keep it simple (dont over trade)and HODL in what you believe in and may the gwei be with you…. + +PS this is something that has been part of crypto since the early days that hardens one to a new level of apathy and diamond hands the real test comes in when suicide lines come in at the post 30% drops to 80% drops. Again only have skin in the game in what you believe and make sure it’s quality bags! +Saving 1k+ for 10 year. What should I do with it to? + +so I can currently save 1k a month most months with my current outgoings. + +In 3 years I will be mortgage free which gives me £600 spare cash. Plus some loans will be finished and other outgoings. So basically I will be 1k better off which I’m wanting so bank. Plus spare cash that I currently bank. Possibly 2k a month + +in 3 year I’m 38. Plan on moving to Thailand about 48. gives me 10 year of saving a good chunk of money. I’m in a good pension but I don’t want to put the money in there each money as I won’t have access to in until I’m 57 even tho I will save on tax if I did. + +any advice would be appreciated. as to what to do or where to put my money to get maximum gains from now until I’m 48 +I like this sub because I learn a lot from all your experiences. However, sometimes there are threads that do make me wonder about how I manage my money and put me into a dilemma where I start feeling guilty when I look at my expenses and feel like I should allocate more to saving or investing. I wonder if some of you are feeling the same? + +For example, here are some of my expenses that I know I can cut back or could have bought cheaper on and increase my savings significantly but I'm hesitate because I like them: + +My monthly gym membership: £80 + climbing gym: £70 per month +Holidays: I spend quite a lot on good hotels or restaurants and I travel fairly often +An e-bike for £2k (I already own a decent road bike but wanted to upgrade) + +Do you have any expenses you know you can cut back on but choose not to? How does that make you feel? +So I finally got my renters assistance check from LA county for $2000 after 6 months of jumping through hoops. Check was in my name. Wife deposited it into out joint account with her mobile up. Today I check the account (Chase btw) and it's negative $2000 and they state my account will be closed frozen and closed within 10 days. Spoke to the bank and they said it was flagged as fraudulent deposit. I'm at a total loss at what to do. The program is the ERAS program in LA and they have no number you can call for help. +Hey all, just wanted to get some feedback from real day traders. My dad spends every waking moment of free time he has staring at his computers trading stocks. He wakes up at 5am and sometimes trades until 1am where he is down several thousand dollars. He does work a job but he uses his phone while he’s at work to monitor the market. He hasn’t made a single cent in the 5+ years where he’s gotten grossly serious about it, yet it is the ONLY thing he does. He took a vacation off of work for one week and has not gone outside the entire time, has just spend every conscious moment on his computers. This is absolutely not normal for career day traders to do, right? Like you guys do go out and do other things and have hobbies, correct? I am just bewildered that this is even possible for humans to sustain. He takes breaks to eat and such, but immediately just goes back to the screens. What resources out there can I look into to maybe help him? + +(I know some parts of this may read like a shitpost, but I swear to god this post is 100% serious.) +First of all, this is not financial advice. I am just a crayon-chewing ape like many of you, but I did have experience in the financial services industry and I just have to say how impressed I am with the sheer amount of quality DD & financial analyses you apes do. It would make the most senior analysts on Wall Street hang their heads in shame. As many of you fellow apes have been aware, Dr. Susanne Trimbath raised the alarm regarding the dangers of FTDs and naked short selling wayy back and wrote a pretty good book about it (highly recommend you check it out, there's lots of posts covering it already) while she was a manager/director at the DTCC. + +So I began digging a little deeper into her previous works and interviews. And lo and behold, she gave a run-down of how the game works (On the Motley Fool, of all places) when a little stock called **$OSTK** aka **Overstocked** was found to be the victim of a hedgie short attack **(**[The Share Borrowing Program (SBP)](https://boards.fool.com/qa-with-dr-susanne-trimbath-23885311.aspx?sort=postdate)). Anyway, here are some juicy bits from the interview: + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Interviewer:** Some refer to the SBP (Share Borrowing Program) as a “self-replenishing, anonymous lending pool.” Would you agree with this characterization? + +**Dr.ST:** *Yes. It is definitely anonymous (unless rules are being broken). And since nothing prevents the buyer who receives a borrowed share for settlement from depositing shares into the lending pool at the Depository, it is self-replenishing.* + +**Interviewer:** The DTCC takes great pains to make it clear that the SBP doesn't allow a broker to lend the same share twice via the SBP. My contention is that they certainly allow the same share to be lent by different brokers, thus their rhetoric is disingenuous. Do you agree, or disagree? + +**Dr. ST:** *It's a word game. The stock borrow program doesn't track who lent the share (only who borrowed it). So the stock borrow program doesn't allow ANY shares to be lent…only borrowed, get it? They play the same word game when they say they don't make money on the stock borrow program. They don't. What they DO make money on is the stock lending program. By the way, they also make money on fails to deliver. OK, so the same shares aren't lent twice by the same broker because the lender's account is reduced by the number of loaned shares until the loan is repaid. Fine. What they aren't saying is that the shares are a “fungible mass,” and no one keeps track of which share was used to settle which trade. So, a Participant who receives 100 shares of OSTK at settlement could be getting 50 borrowed shares. And it is those 50 shares that can be loaned a second time since all settlement is considered to be “final.”* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +What this means is essentially what we've known all along - the NSCC allows its participating members to lend and borrow company shares indefinitely by maintaining a pool of shares that lenders can dump into for interest that borrowers can then borrow from. + +At this point, I wanted to know exactly how the SBP actually worked, and stumbled upon a commentary by a certain Dr. Jim DeCosta (Remember this name, b/c if Dr. Trimbath is our Black Widow, then Dr. DeCosta is our Hawkeye). There was a great thread on [r/GME](https://www.reddit.com/r/GME/comments/m4kuga/naked_short_selling_by_dr_jim_decosta/) that gave some quality DD on him as well. For this post, I'm going to focus on one particular >>[**commentary**](https://www.sec.gov/comments/s7-30-08/s73008-102.pdf)**<<** he gave which I'll summarize in ape terms below: + +**HOW THE SHORT BORROWING PROGRAM (SBP) WORKS** + +**1.** Suppose company $GME has 30 million shares that are deposited into the DTCC vault aka **Cede & Co.** that is available for trading (if you don't know what this is, plz read u/atobitt's [house of cards pt.1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/)). + +**2.** Then, let's suppose 3 of NSCC's participant clearing houses (CH1, CH2, & CH3) holds 10M shares each in their electronic accounts. Each CH donates 2M shares into the SBP's lending pool. The broker/dealers associated with the clearing houses (B/D1-3) who allow their clients' shares to be lent receives cash interest for the securities loaned, all without the investors themselves knowing. The SBP now has 6M $GME shares for borrowing. + +**3.** Let's say SHF Melvin/Shitadel decides to naked short sell 1M shares from a separate B/D & intentionally refuse to deliver b/c of course, the B/D don't have the friggin' shares and sells it to B/D2's clients. NSCC rule allows Melvin/Shitadel to reach into the SBP's lending pool & extract 1M shares (leaving 5M) & reset the FTD. Let's say those shares were from CH1's pool and shares were from B/D1's clients. + +**4.** 1M shares are deducted from CH1's participating pool of 2M, leaving 1M while B/D2's account now has 11M shares. B/D2 can then resubmit these shares anonymously right back into the SBP through a CH, thus replenishing the SBP back to 6M and voila, it's as if no shares left the pool in the first place. No paper cert. left the DTCC's vaults. No paper trail, as if nothing happened. This process can be repeated ad nauseum, and those same shares can have dozens of designated beneficiaries/owners to its name. Meanwhile, share price of $GME drops due to the action of the short-sellers. + +**5.** After the above transaction, we are left with the following: CH/1 now has 1M shares remaining of the 2M shares it marked as available to borrow in the SBP-B/D2 has 11M shares on its books, while B/D1 holds 9M. + +Now the fun part: CH/1 can now ask the NSCC to credit it with a separate account of 1M share long position in order to make back the 1M that was extracted in the previous transaction, all without the investors' knowing that they're receiving a synthetic since NSCC maintains anonymity of the lender and its investors to avoid legal liability (see no evil). In essence, investors at B/D1 owns 9M of original, paper-backed shares and 1M of synthetic long shares that the NSCC created in a separate account, an IOU account. Due to the insistence by the NSCC of maintaining anonymity amongst the lenders, no one really knows which investors own a proportionate interest in this IOU and by how much, making it an easy cover for the NSCC ("we don't know who has IOUs and who doesn't, so they can't make us tell the SHFs to buy-in their FTDs!"). + +Meanwhile, all these synthetic shares in the NSCC's account isn't backed by any paper certs. that the DTCC holds, and it just keeps accumulating and grow over time. When asked about it, Dr. Trimbath gave the following answer: + +**Interviewer:** \*Any opinion as to how large the total grandfathered position of FTDs was?\***Dr. ST:** *Big enough to give me nightmares.* + +TA/DR: The NSCC along with the DTC is complicit in defrauding America's investors and its corporations through a Share Borrowing Program designed to allow its participating members to reset their FTDs while maintaining an air of innocence by professing it is powerless to enforce buy-ins due to a rule that they themselves implemented to uphold a lender's identity. + +I'll let Dr. Acosta have the last word: + +***“*** \*When this very same party (the DTCC and its subdivisions) that also has 15 of the 16 separate sources of empowerment to execute buy-ins ALSO pleads to be “powerless” to do buy-ins then I’d say we have some “issues” to deal with especially when the financial benefactors of this acting to be “powerless” are the owners of the clearance and settlement system and the bosses of these management teams."\****Dr. Jim DeCosta*** + +Unless the SEC steps in and force the criminal organization that is the DTCC to clean up its act, this charade will continue and nothing has changed since [2004](https://www.sec.gov/rules/proposed/s72404/s72404-14.pdf) when the Stock Borrowing Program first came into effect. + +SEC #DOYOURJOB + +\*Edited for formatting +Hi my friend lives down in Nowra NSW, and has built a new house there. One of his neighbours is telling him that he has to pay half of the fence price which was built by the neighbour prior to my friend ever moving in. + + He is a super nice Indian Australian lad, and I am worried the neighbour is just trying to rip him off. I was wondering if it was like buying a car and finding out it has finance owing. + + +Addit: thanks for all the help. He has spoken to some sort of legal team now who are telling him he doesn't need to pay it. He read through all the posts today and checked out a few of the options. +Thank you apes for tuning in. Hope you're well. Thought I'd share some of my findings on FICC's new filling yesterday that involve Steven Cohen, an illegal short seller and founder of Point72 known to be short on our beloved GME stonk. + +# FICC filled yesterday “GOV1211-22” +- *Point72 Associates II,LLC* will be a sponsored member of the Government Securities Division - They will be sponsored by Citigroup Global Markets Inc +- [source](https://www.dtcc.com/-/media/Files/pdf/2022/1/13/GOV1211-22PDF.PDF) + +# Who’s *Point72 Associates II, LLC*? +- Cayman Island Hedge Fund (Fund ID #: 805-5623715601) +- Gross AUM ~721 million (unknown date) +- [source](https://whalewisdom.com/filer/point72-asset-management-lp#tabadv_ownership_tab_link) + +# Any data on *Point72 Associates II, LLC*? +- Yes, [KCL Capital LP Form ADV filing](https://reports.adviserinfo.sec.gov/reports/ADV/290055/PDF/290055.pdf) +- FYI, this SEC form explains the purpose of each section of a [Form ADV form](https://www.sec.gov/about/forms/formadv-instructions.pdf) +- KCL Capital LP is a hedge fund with an AUM of $1.05 Billion as of 2021-03-29 – [source](https://whalewisdom.com/filer/kcl-capital-lp#tabadv_ownership_tab_link) +- In this KCL Capital LP filing, they report a lot of juicy stuff + - The main private fund they advise is a “master fund” called *KCL Capital Master Fund, LP* + - Two private funds fund this master fund: **KCL Capital Fund, LP** and **KCL Capital Offshore fund, LTD**. The latter is located in the Cayman Islands. + - This master fund is a *hedge fund* with a AUM of $656,975,482 + - Interestingly, 46% of fund is owned by by **non-US persons** + - Marketers: Shorebridge Capital Securities, LLC, which is a registered broker-dealer with the SEC – [source](https://files.brokercheck.finra.org/crs_269991.pdf) + - [ShoreBridge Capital Securities is the same entity as ShoreBridge Capital Management](https://reports.adviserinfo.sec.gov/reports/ADV/290660/PDF/290660.pdf), which the latter serve as advisors to both **ShoreBridge Point72 Select, LLC (AUM $136.8 million as of 2018-02-28)** and **ShoreBridge Point72 Select, LTD (AUM $557.4 million as of 2018-02-28)** + - Therefore, KCL Capital LP hedge fund advises ShoreBridge Capital which advises ShoreBridge Point72 Select + - There’s still more + - KCL Capital hedge fund advises 3 other private funds, and surprise surprise, they’re all hedge funds… + - [Crestline summit master, SPC – PEAK SP](https://aum13f.com/fund/crestline-summit-master-spc-peak-sp) – hedge fund with an AUM of ~$2.4 Billion + - [MAP 229, A Segregated Portfolio of LMA SPC](https://aum13f.com/fund/map-229-a-segregated-portfolio-of-lma-spc) – hedge fund with with AUM of ~$110 Billion + - [Point72 Associates II, LLC](https://aum13f.com/fund/point72-associates-ii-llc) – hedge fund with AUM of ~$650 Million at least at time of reporting + - All of these hedge funds involve custodians and brokers including big names like Goldman Sachs & Co. LLC, JP Morgan Securities LLC, and Morgan Stanley & Co. LLC, Merril Lynch Professional Clearing Corp, The Northern Trust International Banking Corporation, Citigroup Global Markets Inc, Credit Suisse Securities USA LLC, Barclays Capital Inc, Bank of America National Association, UBS Securities LLC, The Bank of New York Mellon Corp, and Morgan Stanley Capital Services LLC + +# TLDR – Yesterday the FICC approved the sponsorship of Steven Cohen’s hedge fund *Point72 Associates II, LLC* sponsored by *Citigroup Global Markets Inc.*. This hedge fund has an AUM of $721 Million is advised by KCL Capital LP (AUM of $656 million), which is another master hedge fund that also serves as advisors to various large hedge funds that amount to an AUM of at least $110 Billion and includes at least two other Point72 hedge funds (i.e. ShoreBridge Point72 Select, LLC and ShoreBridge Point72 Select, LTD). All the aforementioned hedge funds involve custodians and broker-dealers known to be short of GME. + +# **Buy, Hodl, DRS, be kind** +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1559166860805144576) .@The_DTCC $GME #GME did a dividend as shares. #DTCC told brokers across the world to do a regular forward split. What happened to dividend shares after you received them? Where did the dividend shares go? There are no other questions more important than these for DTCC to answer. +This sounds like a dumb question, but context: + +Got new job a few months ago. Was hired on at 42k, and have been a good fit for the role. 2 months in, they give me a 3k increase! That's great! But I go to my first couple of paychecks, and divided per hour, I've been making 45.5k from day one. Got my first paycheck post-raise, and it is the same rate pre-raise. + +Should I mention anything to them? Was this an accounting error, and might I need to pay them back since they "overpaid" me? I know this is stupid, but I was expecting a dollar increase and that hasn't happened. + +Edit: + +Thanks for all the responses! Just checked, I get paid 24 times a year, but the amount per paycheck hasn't changed. It seems like there is a higher rate that hasn't kicked in yet, so I will bring it up with HR just to clarify. I appreciate all the help! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +My family is lost right now, but we would appreciate any info that we should pursue, or anything people really don't know about. There's not really gonna be any estate issues (we think) since she was a 24 year old student. + +Thanks in advance. +PSA: Prices going up from Tuesday. + +☕️ $1 coffee will be $2 +☕️ $2 coffee will be $3 +☕️ $3 coffee will be $3.50 + +Will you be still getting your coffee fix from here? + +Edit: 50c cheaper using a keep cup +Hi all just wondering if we could get some advice/opinions. + +My fiance and I are looking at buying our first home in the next few months. + +Last weekend we found something we're really interested in, we advised the Agent we would like to come back around with my father (carpenter/builder) before we make any final decisions or put any offers forward. + +I've just received a call from the Agent expressing that some other couples went through the house last night and are "very interested" and will most likely come back for a second inspection on the weekend and probably put offers in. + +He finished by saying if we're serious about the property that they would expect us to make an offer and "put our best foot forward" after our second viewing. + +My opinion is hes just playing games with us, my Fiance isn't as sure. + +Ultimately We dont want to get pushed around. Is he just trying to shake us down? Push us into starting at a higher offer? + +Any advice would be greatly appreciated. +Hey guys! + +I wanted to discuss my success in being able to limit losses and actually profit off of market corrections as well as make money during the time the market runs up. + +However, I first want to say, I didn't get it on my first try. The first major correction I experienced was mid-July. + +July 13th: portfolio at 300%. July 16th. portfolio at 200%. Yep a correction knocked off a full 100% off my portfolio. The 2nd one was early July. That one also knocked off about 90% off my portfolio. + +So, at this point, I did what any sensible human would do. Knowing that the market would continually seeing corrections, I wanted to know what the best option would be so I can actually capitalize on this. Options are all about timing, and I needed to make sure I was prepared for the correction before it tore through my portfolio and it was too late. I didn't want to approach each correction the same way and expect a different result. Running into a brick wall over and over again will have the same consequences. So, in other words: **How can I successfully short the fuck out of these stocks when they have major corrections to roll some BIG coins?** + +I stalked and learned and did some research. Market starts its run again and the next thing you know, it's the exact same trend. NASDAQ been green for 10 days. market feels stretched. So this time, I didn't wait for the market to correct and burns my calls, I shaved off a lot of my calls earlier, and loaded up on puts on the major core names (AAPL, FB, NFLX, etc.). However, I kept my long options. I usually have options that I'm long on, about 2-3 months out. So, I usually let these calls run while adding puts. Anyways, 2 days later, market slumps and comes running down and my puts fly. I'm selling puts while rolling the profits over while adding more. + +I don't want to say I made this post to teach you guys, because I am a very new and amateur trader, BUT, I did want to share my experiences and some valuable lessons I learnt in my road so far of trading options. Rolling coins using options is incredibly hard, but one of the biggest things I realized is you learn the most when you're on the market, watching and analyzing trends, and playing options; nothing beats being in the market for experience. I've only been trading for about 4-5 months, but I'm in love. I'm hooked. Maybe it fades away, who knows. But for now, I'm loving this, even when I'm losing money and having red days, I take it as an opportunity to learn and when I make bad trades, I add some rules to my notes. + +Options are very difficult. I've been doing it every single trading day, from open to close every damn day since May, and I still feel like an amateur. The biggest piece of advice I would like to give tho (take it or leave it), is always, ALWAYS follow the market. do not think you're smarter than it. do not try to outplay it. I learnt that the hard way. I hope this post was of use, and if you have any questions or comments or anything to say I'd love to hear about it in the comments. +Dear Readers, + +This was nominated by /u/jsalsman. This study is central to the austerity supply/demand side debate. + +[**Here is the PDF link**](http://talknicer.com/egma.pdf) (Neves, Alfonso, and Silva (2015)) + +*** + +**Abstract** + +This paper develops a meta-analysis of the empirical literature that estimates the effect of inequality on growth. It covers +studies published in scientific journals during 1994–2014 that examine the impact on growth of inequality in income, land, and human +capital distribution. We find traces of publication bias in this literature, as authors and journals are more willing to report and publish statistically significant findings, and the results tend to follow a predictable time pattern over time according to which negative and positive effects are cyclically reported. After correcting for these two forms of publication bias, we conclude that the high degree of +heterogeneity of the reported effect sizes is explained by study conditions, namely the structure of the data, the type of countries included in the sample, the inclusion of regional dummies, the concept of inequality and the definition of income. + +In particular, our meta-regression analysis suggests that: cross-section studies systematically report a stronger negative impact than panel data studies; +the effect of inequality on growth is negative and more pronounced in less developed countries than in rich countries; the inclusion +of regional dummies in the growth regression of the primary studies considerably weakens such effect; expenditure and gross income +inequality tend to lead to different estimates of the effect size; land and human inequality are more pernicious to subsequent growth than +income inequality is. We also find that the estimation technique, the quality of data on income distribution, and the specification of the +growth regression do not significantly influence the estimation of the effect sizes. These results provide new insights into the nature of the +inequality–growth relationship and offer important guidelines for policy makers. + +👅TasteNFT ($TASTE) 👅 + + +The NFT marketplace is exploding into the atmosphere, why not take a bite with $TASTE and Taste the + +🌘 Taste The Moon 🌒 + +We just launched on PancakeSwap within the past hour! You still have time to get in on this absolute gem of a project! +_________________________________________________ + +What you need to know: + +✔️ DEXSALE PRE-SALE: sold out in less than 20 minutes with a cap of 500 BNB! We will go live on Pancakeswap at 1000 hours CST! Countdown is on our website: https://t.me/TasteNFT ⏰ + +✔️ MISSION: The project is focused on creating a decentralized NFT marketplace, which caters to “sensual” content created by some of the best NFT artists in the DeFi space. Looking ahead, we will incorporate other features such as a launchpad, events, bounties, etc. Stay tuned! 📻 + +✔️ STRUCTURE: There are no founding wallets. There was a limited pre-sale prior to launch, but none of the staff have a founding wallet. After launch, approximately 10 percent of the marketing wallet will unlock every week to fund and scale our operations. The CEO and CTO, Michael and Nadina, are fully doxxed and listed on our website. ✅ + +✔️ OPERATIONS: The TasteNFT Team will execute mission in a systematic and professional manner. We will run this project like a corporation and leverage best practices we have observed across the DeFi segment. That said, we will always listen to the thoughts, suggestions, and concerns of our community. We believe that is the true power of DeFi. 💪 + +✔️ MARKETING: We have assembled a world class marketing team drawing on talent from Fortune 500 companies. We have a structured marketing plan, which will execute with precision. We will be releasing additional details in the near-term. 👀 +_________________________________________________ +CONTRACT ADDRESS + +0xdb238123939637d65a03e4b2b485650b4f9d91cb + +TOKENOMICS + +🔥 BURNED SUPPLY: 300 trillion tokens were burned prior to pre-sale! 🔥 + +💰 REDISTRIBUTION: 5 percent for HODL'ers! 💰 + +🔒 LOCKED: 5 percent added and locked in liquidity! 🔒 + +🥞 LIQUIDITY: locked for 5 years! Pancakeswap. 🥞 + +💵 MARKETING: 52T tokens locked prior to pre-sale. We will unlock 10 percent per week to fund operations. 💵 + +💸 INITIAL SUPPLY: 1 Quadrillion 💸 + +🌐 WEBSITE: https://tastenfts.com/ + +🌐 TWITTER: https://twitter.com/tastenft + +🌐 TELEGRAM: https://t.me/TasteNFT +Evey other week there is a question on this sub about NPS tier 1 and almost every comment says that it is bad due to lock in, taxation on exit and annuity requirements. I have a different thought on this and want to understand what am I missing here. + + +1. Taxation on exit: 20-30 years to my retirement is a very long time and we do not know what the taxation rules will be then. Given that government wants to unburden itself of pension for employees and has been pushing investor friendly reforms in NPS over the years I think we will have more rationalization in the rules to make it more attractive. For how much things can change in 30 years, think about how the rules where in 1990 and what it is now. Oh, 1990 was when 'The Big Bull' was raging. + +2. Compulsory Annuity - Annuity is right but not via NPS: Even if there is no change in the taxation rules; for someone in 30% tax bracket, 40% annuity consists of 31.6%(in including cess) of tax saved, 1.8% GST( applicable on annuity outside NPS) saved which is 0.7% for 40%. In effect I am only paying only 7.7%(40-0.7-31.6)( For people in lower slabs this is not that attractive though). When this 7.7% can be recovered in an year of investment out of 30 years, isn't the focus on compulsory annuity misdirected? + +3. Compulsory Annuity - Annuity is itself wrong: When we are young we are always full of energy and can take care of our investments. We all know of some old people that we can give as example of who cannot manage their daily cores let alone managing finance. Given the risk that we might also end in same way, Isn't annuity a blessing since we do not have to micro manage? + +4. Compulsory Annuity - I want to control what to do with my money: You have 60% of your money to do this. By making 40% annuity compulsory isn't the government ensuring that you have atleast some income if your son's startup or the newly IPOd stock bombs? Oh, I forgot the FD you kept in the co-operative that just shut down. + +5. Compulsory Annuity - Not enough returns: r/FinancialIndependence and r/FireIndia always quote the [Trinity study](https://en.m.wikipedia.org/wiki/Trinity_study) and say that 4% withdrawal is a safe amount for some corpus to last 30 years. The annuity providers from NPS provide 5+% returns(and that can vary depending on the exact scheme). Given that we are hands off in annuity, isn't this a good enough returns? + +6. Lock in till 60 years: The goal of any retirement product is to make retirement easier. To achieve this goal the exit is made harder with a lock-in and constrained withdrawal. With the EPF scheme, I am sure we all can quote an example of a friend who withdrew his corpus at the first available opportunity. NPS makes it harder to do this so that we can have a peaceful retirement. Also, longer the investment bigger is the corpus. + +7. No guranteed pension: Though traditional pension schemes used to guaranteed that the amount of pension would be adjusted to inflation etc. it is not sustainable in the long run when more and more people will be retired and life expectancy goes up. These work on the fact that contributions from the current generation will pay for the past and future will pay for the current. See [pension crisis](https://en.m.wikipedia.org/wiki/Pensions_crisis) for more details. Given this isn't market linked pension better as we can contribute to our retirement than rely on the next gen to do for us? + +Edit: Some comments mentioned that the returns of the NPS scheme is not comparable to various asset classes, hence did some research on the same and found that NPS was beating the benchmark almost all the time over 10 year horizon(Source: [here](http://www.npstrust.org.in/sites/default/files/20_Feb-2020.xls)) + +If we pick 75:25 equity debt folio in NPS vs index fund then NPS gives 10.52%(source above) and nifty index 8.87%(Source: [here](https://stableinvestor.com/2018/01/nifty-annual-yearly-returns-historical.html) + +Edit 2: I did a quick check on how much SBI provides as annuity for a 60 years, single male and it is 6.5% with corpus refunded and 8.8% without corpus refund +Is it possible to legally setup an identity/entity separate from ones existing PAN through which one can carry out investments? The ownership of the identity/entity can be legally linked to the one opening it i.e. it isn’t anonymous. The idea is to maintain separate streams of investment transactions with separate identities. One such option appears to be setting up a ‘One Person Company’. +Long time lurker of this sub. + +Just wanted to share a bit of my story and thank everyone who has helped me really get on top of everything. And I hope that those of you in a similar position with debt can maybe learn and take some tips from what I did (more than happy to answer any q's). + +Status at the start of this year: 30 year old, single, renting, who's been paying off debt for YEARS (had an outstanding amount of £6000 at the start of this year). Had no savings, no house deposit, nothing, car still on finance and my credit rating completely ruined (couldn't get bank accounts, starter credit cards etc.) + +During those years, I fell over a couple of hurdles: + +The first BIG one one being - getting a debt management company to sort everything out for me. + +I would advise everyone to avoid these like the plague. I discovered a month into my repayment plan with them that actually, they were taking 25% as a fee for themselves - so it wasn't going off any debt I owed. + +So, having had that in place for a month I thought i'd be sneaky (as they had found one or two debts that I was unaware of). A week before going into the second month of the plan, I asked them for a full copy of all the companies that I owed, along with the outstanding amounts after the payments had been taken. This let me get on to and track EVERYTHING that I owed. + +I then spent the rest of that week googling the companies up, got the contact details for their customer services, noted the reference numbers the management agency had for me, and compiled it into a nice spreadsheet. + +Then I looked at the outstanding amounts. As I was already paying a DMC £300, I found that there were two debts sitting at around £100 and £135 - these were the first I was going to pay back in full. + +So I called up the DCM and informed them I wanted to cancel the plan (there was no cancellation charge as I was still within the 30 day cancellation window). + +Then, I spent a full Saturday contacting each one of my debts, explained the plan had been cancelled (which was an absolute FAFF), but eventually got there, and used a sort of "snowball" method, to pay the debts off. + +All I did - I set up direct debits with the first two small debts - and got them paid off in full the following month. As for the 4 other debts, I had setup plans with them directly, to take £50 each month from my account. (So had £500 going out each month - which was basically all I had left after rent/bills/food as I was in a badly paid job - thank christ for the flowchart!) + +Once those 2 had been paid, I then reassessed my situation, and saw that a third debt (which had £350 outstanding after debts 1 and 2 were paid) could be smashed out the following month. So I kept my budget strict, and the £300 that was used to pay off 1 and 2 then paid off the 3rd the following month. + +Then I got to the bigger debts (totally a couple of grand). I split the £350 extra I now had between the 3 debts - £200 off the smallest, £125 on both of the others. As the 4th debt paid off, I then increased the payments by £100 each. + +Which brings me to this last 6 months. I was then fortunate back at the early start of the summer to move back home out of my flat. Mum wasn't happy with her husband, and let slip to me that she was thinking about divorcing him (he's a piece of shit, and it was absolutely the right thing for her to do), she had also lost her job back in April, got another but was shielding. + +So I figured best of both worlds, give me an opportunity to live very cheaply, get my debts finally cleared, help her through the divorce and try and get myself back on my feet. + +That was my plan in July. I was in the same job, but played a complete wild card in work. + +A lot of staff were leaving, and I knew that the overwhelming majority of them were (1) paid a hell of a lot more than me with less experience, and (2), not all that good at their jobs. So I decided to pull the plug and give my notice in claiming that I had received a job offer for £9000 more than what I was on (I hadn't, but did have interviews lined up, but had a 3 month notice period and would've been able to find a job easily in my field). I realise this was a really crazy decision to make during a pandemic where people are losing their jobs, but figured I've never once rolled the dice or asked for a payrise. Now might just be the time to do it. It definitely paid off. + +So I moved back with a 45% pay increase. Reassessed my situation again, and by the end of November, I was completely debt free. The feeling of relief and weight that was lifted was genuinely insane. I feel like a different person knowing that this year, I can actually live my life and do things i've always wanted to do - travel, set up a side income business, go to gigs, eat out, have breaks away. + +I'm now in a position where I can get a credit card (got one with a small limit, but have a budget of £50, and £50 away in a tin, so when i've used 25% of my credit card, I pay it back IMMEDIATELY), and my credit score has gone from bottom of the dumps, to okay. It's still not great, but I figure if I can keep it up with the CC, I should be in a much stronger position by the end of this year. I've also started saving for a house deposit, and have been investing in stocks and shares - if you had said to me back when I was 27/28 that by the time I was 30, i'd be debt free, saving for a house AND investing, I would've slapped you for talking stupid. + +So I just wanted to thank each and everyone of you who's ever commented on a post, or silly question from me. This sub has been a massive help! Happy 2021! + +TL:DR - If you're in debt, collect details on every single one outstanding, call them directly, explain your situation and they can come up with an affordable repayment plan. Keep a strict budget, and then once one is paid, move that payment over to your next smallest debt. Every 2-3 months, reassess where you are, and keep reassessing and staying on top of it all. Also, if you feel you're undervalued in work and not paid as much as you should be - 100000% look at moving companies. +I have an office set up but due to my day job I’m looking into a platform that would be easily accessible for executions on my phone as well when I’m not at my home setup. +EDIT: Thank you for the advice and comments everyone. The bank responded to my CFPB response, **in which they uploaded my statements which displayed a completely different account number, and balances,** than what I have on online banking. I have spoken to a higher-up official who told me he confirmed that several departments, including the fraud and the security department, have no idea why my statements display what they do, where the charges came from, why the account number is wrong, etc. My online account is currently suspended. I was told that my fraud claims did indeed end in my favor and that this is being researched and I really don't want to say more than I already have. Thanks everyone. + +&#x200B; + +As the title states, victim of credit card fraud for a large dollar amount. PNC Bank denied my claim and I am unable to appeal it. They won't supply any evidence or supporting documents, and nobody will talk to me about it; not a supervisor, the fraud/security department, or anyone. I did manage to eventually talk to an employee who sounded new-ish, and was reading notes to himself, and he said the case had been referred to a group known as ISG, and that it was now out of PNC Banks' hands. I was forwarded to ISG a dozen times, only to leave a voicemail requesting a callback and never received one. + +&#x200B; + +I have written to them using certified mail, requesting acknowledgement receipt, to all four addresses I could find. The disputes address, payment address, main office, and appeals address. In the letter, I had requested supporting documentation that lead them to this decision. + +I have filed and notated a police report. + +Furthermore, and perhaps most importantly, I have contacted about 6 of the merchants where my card was used. They all have the same story - the dispute was ended in my favor. So the merchant was out the money, the merchandise, I'm out the money, and PNC just.... keeps it? I'm unable to view my statements online, and they won't mail them to me. Luckily, I had the statements saved and can confirm that a few merchants did credit me, but PNC just adjusted the credit back. And no, it wasn't them taking the provisional credit back. + +&#x200B; + +I've complained to the CFPB and OCC but need to know who, or what, this ISG group is. Thank you. +It’s possible I’m going to hit my out of pocket maximum very early this year (everyone is okay). Thinking about FIRE and potentially reducing expenses in later years by doing things now or tapping into other benefits my medical insurance provides since they’ll effectively be free now. May be difficult without knowing my medical history/needs but what would you consider doing generally? +My wife and I are extremely fortunate to be internationally-connected to friends and family on different continents. We were recently informed that upon my in-laws' passing, we'll be inheriting a series of properties in Egypt and Brazil (in addition to a few properties in the US). The question is this: would it be worth trying to hang on those properties if we have no one to directly check in on the properties when we're not around (which is likely the case given that we won't have the ability or desire to fly frequently across the world? The idea of a "vacation" house in another country is thrilling but the reality of it all seems daunting +Finally saved 10k around Oct/Nov last year and stopped contributing to my savings account and investing in the stock market instead (cuz of inflation). + +Fast forward to January and it’s been nothing but family emergency after another which forced me to spend about 2k from my savings. Was doing my taxes today and guess what, I owe about 6k for 21’ because I switched jobs and didn’t check the box on my W4 that says my wife also works. So now my 8K savings account will be reduced down to 2k and my biweekly take home pay will be cut by about $350. + +Ahh need to figure out how to get 10k back in my savings account after taxes are filed. +Friends of PF, + +I've stalked this sub for months and posted some replies every once in a while as well. I figure that I will make my first OP about something super exciting. + +Today, I called my bank to get the exact payoff amount and made a payment in full for the balance of my wifes and my only auto loan. At 24 and 25, respectively, we now have two cars worth roughly $38k collectively and now have $362.41 more a month to do what we want with (sadly snowballing it into student loans for a while). + +Wondering if I should call my insurance company and see if i can get a lower rate once I have the title in hand? I can remember certain policy questionnaires asking for vehicle status, but I'm not sure if my rate would change at all? + +Thanks all for the inspiration and help I have received while lurking in the shadows of this sub. + +**Edit 1:** No intention to decrease coverage, just curious if the premium amount itself drops as a result of no longer having a lien. However, I have enjoyed the amazing perspective from all of y'all on ins and outs of insurance. + +**Edit 2:** I am bad at grammar. + +**Edit 3:** Current value of our vehicles is $35,900. + +Hello All, + +&#x200B; + +My investor buddy was telling me that the value a house appraises for is not the same as what the house. This confuses me, can anyone elaborate on why a bank's appraisal value is not the same as what a house is 'worth'. Is this all subjective? + +&#x200B; + +Thanks. +I’m debating if I should continue to list my rental or list it up for sale. Has anyone else had a hard time finding tenants for their rental? I’ve been a landlord for almost ten years now and this is the first time my rental has been listed for longer than two months. Is anyone else having a hard time finding a tenant? I know more than a handful of people who own property that they rent out, and I don’t know that many people. Is the market saturated with rentals now a days? I’ve been watching my local market and I see many units listed for rent for over 60 days. + +Sorry. Forgot to post my location. USA. Chicago. North side. +They are the forefront in the AI Autonomous cyber security software market, there is no other competitors besides Google, but does not have the patents and broad variety of software that BB provides. Partnerships with the 19 of the top 25 EV companies which make up 61% of the EV market. Not to mention the recent deal with ticker: BIDU to provide their QNX System to over 175 million EV’s. They’ve successfully moved on from their product sales of phones and at most majority of revenue comes from the software they provide to homes, stations, and EVs. + +They have completely wiped their department, obviously bringing in the Almighty papa chen who’s know for reviving software companies such as Sybase! A billion dollar software company with reported 55 consecutive profitable quarterly earning reports before they were bought out by SAP. Chen also announced today they signed a contract to provide power and cyber security to ISS for the next moon landing. + +If you look at the analytics of their department, they revamped the company completely. By browsing linkedin they have a 3:1 ratio of engineers to sales, which means they are keen on developing their product and not so worried about sales. + +Edit: I also want to point out by looking at the TA from February 2nd on, BB is the only stock with a higher moving average to that of GME AMC and NOK. Throughout last week we can see it breaking the meme trend and acting on its own. Sorry I’m not sure how to add pictures but if you have the resources, you’ll see if you overlay all 4 stocks, they move very similar, but BB is the only one that breaks out right before market close. + +Edit 2: There’s a rumor that BB executives sold shares with the incentive to leave, remit ownership from BB, or have concerns of company being overvalued. Shares given to these executives are part of their salary compensation, so under company policy, they have every right to sell shares for capital gains. You can google search this yourself if you don’t believe so. + +EOY target is $60 + +BB Literally to the moon + +17c 3/5 @20 +You often see day traders talking about $500 per day goal. Realistically, if you are a good trader, when you factor in good days and bad days, what does this mean over a year of trading? Also, what size of trading account do you need to make this reasonably? I’ve heard don’t risk more than 1-2% per trade. But I’m just wondering what a years trading would look like with wins and losses. +I was a fuck up for most of my life. My wife has always been successful which she has earned. I feel like every week I was giving her another reason to doubt me. Then in January I asked her if I could invest in the market after seeing some posts about gme. I was in nursing school but didn’t have a job and my wife, amazing as she is, let me invest some of her money into this. Now, today, I am working as a nurse and investing everything extra into gme because of the DD and belief that I have in this company. I must admit it’s hard when you invest money and you see the ticker drop but I continue to do so every week. I don’t have much but this experience has only made me so aware of the bullshit of Wall Street. I love you all, sorry for my rant. +I was a fuck up for most of my life. My wife has always been successful which she has earned. I feel like every week I was giving her another reason to doubt me. Then in January I asked her if I could invest in the market after seeing some posts about gme. I was in nursing school but didn’t have a job and my wife, amazing as she is, let me invest some of her money into this. Now, today, I am working as a nurse and investing everything extra into gme because of the DD and belief that I have in this company. I must admit it’s hard when you invest money and you see the ticker drop but I continue to do so every week. I don’t have much but this experience has only made me so aware of the bullshit of Wall Street. I love you all, sorry for my rant. +I went to urgent care (in network) for a UTI, they apparently sent my sample to a lab that is out of network without my knowledge. Now I have a bill of $2000 for a stupid urine test. +Is there anything I can do? + +I tried calling my insurance and they gave me the runaround of “your plan does not cover out of network providers so you have to pay the full amount”. + +Would this be eligible for the “no surprise act”, it’s not an emergency so I’m thinking no. +## TLDR: + +In light of so many big news headlines coming to a head it seemed like an important moment to recap how (I think) some of these narratives tie together. + +The following list is a chronological series of events with demonstrative excerpts that have resulted in my belief that Credit Suisse has been maintaining a “shadow CLO market” that was: + +1. Tax efficient through the use of non-cancelable swaps with an average tenor of 24 months and +2. Able to evade cross-broker margining rules due to Credit Suisse USA (CSSU) not being a registered OTC derivatives broker + +With these advantages in mind the bank seems to have been creating loans through a “client” of their Asset Management group (Greensill) and then purchasing assets (e.g. tranches) of the same loans through another “client” of their Prime Brokerage group (Archegos). + +This playbook appears to have spectacularly unraveled in January 2021, here’s how. + +## Chronological Series of Events + +### Credit Suisse has historically had large Leveraged Loan and CLO groups: + +> ”Credit Suisse is one of the most significant players in the leveraged loan market. Its asset management arm offers investors exposure to loans through a string of lucrative products, including investment funds and as the third-largest US manager of so-called collateralised loan obligations, which issue bonds backed by pools of loans.” - [Financial Times - October 3rd, 2018](https://www.ft.com/content/adf5dd36-c688-11e8-ba8f-ee390057b8c9) + +### Credit Suisse had a 50 million-euro loan to Europcar Mobility Group that was purchased and restructured in October 2020. This resulted in a [Credit Event](https://www.cdsdeterminationscommittees.org/cds/europcar-mobility-group-s-a/) and left Credit Suisse holding the bag after a “textbook” short squeeze on January 13th, 2021: + +> “A 50 million-euro loan from Credit Suisse Group AG last year was designed to be deliverable into credit swaps and traders are betting that will have a lower recovery value.” - [Bloomberg - October 29th, 2020]( +https://www.bloomberg.com/news/articles/2020-10-29/quirk-in-europcar-credit-insurance-offers-lucrative-trade) + +> “…most holders of its €1bn bonds were restricted from trading, preventing the debt from being included in the crucial auction that determined the swap payout… ‘This is a textbook short-squeeze,’ said Jochen Felsenheimer, a managing director at XAIA Investment… The outcome is particularly galling for investors that placed bets last year… This was because, unusually, a €50m loan Credit Suisse provided to Europcar in 2019 was eligible for the CDS auction, which could have resulted in a higher payout.” - [Financial Times - January 14th, 2021](https://www.ft.com/content/69accf15-1ab7-426b-aadc-6f594d24dd65) + +### Credit Suisse Asset Management then had a $10 billion insurance policy meant for Greensill Capital frozen by Tokio Marine in February 2021 resulting in their loans no longer being “syndicated”: + +> ”Credit Suisse said it would wind down $10bn of supply-chain finance funds linked to troubled financier Lex Greensill and start returning cash to about 1,000 affected investors.” - [Financial Times - March 5th, 2021](https://www.ft.com/content/ea3e45f8-2e58-4122-b3d7-265ab938b0d7) + +> “Tokio Marine's exposure to Greensill comes via a company it bought from Insurance Australia Group in 2019… A source familiar with the situation said the policies were directly linked to the $10 billion worth of funds frozen by Credit Suisse.” - [Reuters - March 10th, 2021](https://www.reuters.com/article/britain-greensill-credit-suisse-idCNL1N2L80T5) + +### Then came Archegos who had amassed around $100 billion in assets with $10 billion in equity that resulted in more than $20 billion of exposure and ultimately $4.7 billion in losses for Credit Suisse (so far): + +> “Estimates of the firm’s total positions reached $100 billion.” - [Bloomberg - April 3rd, 2021](https://www.bloomberg.com/opinion/articles/2021-04-03/the-number-of-the-week-is-100-billion) + +> “Credit Suisse Group AG amassed more than $20 billion of exposure to investments related to Archegos Capital Management… The exposure reveals for the first time the scope of Credit Suisse’s relationship with Archegos, which unraveled late last month. Credit Suisse reported a $4.7 billion loss” - [Wall Street Journal - April 21st, 2021](https://www.wsj.com/articles/credit-suisses-exposure-to-archegos-investments-grew-to-more-than-20-billion-11619045988) + +### Assets related to the Greensill loans were said to have been purchased by “outside investors,” like a “fund managed by Credit Suisse.” + +**This sounds, to me, a lot like Credit Suisse was selling assets to another “client” like Archegos - ostensibly itself**: + +> ”Greensill issued secured commercial paper via a Special Purpose Vehicle (SPV) registered in Luxembourg. The FCA provides a definition of an SPV as a legal entity explicitly established for the purpose of securitising assets. Greensill packaged up individual invoices into notes that were purchased by Greensill’s investor base. **Some of these assets were purchased by outside investors, for example a fund managed by Credit Suisse**. Others were bought by Greensill Bank, a bank owned by the Greensill Group which was domiciled in Germany. Greensill’s reliance on investor funding made it vulnerable to a contraction in the supply of such funding.” +[U.K. Parliament, #17 - July 20, 2021](https://publications.parliament.uk/pa/cm5802/cmselect/cmtreasy/151/15105.htm#_idTextAnchor011) + +### Lastly, it does not seem like Credit Suisse will be holding an Evergrande bag but their (former?) clients probably will be instead: + +> ”Credit Suisse, once the top international underwriter of Evergrande bonds sold down its entire exposure to the troubled Chinese property developer late last year… Of the bonds Credit Suisse arranged, at least $4.2bn are still outstanding. They were sold to counterparties such as asset managers, hedge funds and the lender’s ultra-wealthy private clients, who could now be wiped out amid fears Evergrande may start missing payments on its international debt.” - [Financial Times - September 24th, 2021](https://www.ft.com/content/490c34fd-bc22-47b3-9e1c-b33caf826ece) + +## Conclusion + +I believe remnants of this “shadow CLO market” have been made visible through anomalies on the Daily Reverse Repurchase chart like between March 26th and March 31st, 2021 when the daily Reverse Repurchase amounts increased $124.297 billion from $11.4 billion ([St. Louis Federal Reserve - RRP Chart](https://fred.stlouisfed.org/series/RRPONTSYD) to $134.307 billion. + +Ok cool, so what about GameStop? If you haven’t yet seen it go take a look at the exposure chart on page 79 for Archegos published by Credit Suisse in July 2021 [here](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf). The chart unmistakably follows the same unnatural GME line from January 2021 when the buy button was disabled. + +Worth noting that I have not found any updates to Credit Suisse or Nomura’s claims that only 97% of their positions with exposure to Archegos have been closed. + +— + +Just a Retail Investor, not a financial advisor. +I have \~£390k // 28.5 years left on my mortgage which I used to purchase my flat for £530k about 18 months ago. Unfortunately, in the time since then the building in which my flat resides has failed its EWS1 inspection, and millions of pounds of remedial work may be required on the building to remove cladding, balconies and insulation in order to make it mortgageable again. + +My natural instinct on the mortgage so far has been to overpay as much as I can, as regardless of the current "value" of the flat, I still owe the bank that money. However, I am also slightly concerned about pouring money into what is essentially a black hole when the possibility of selling the flat (and therefore reclaiming the money) is probably out the window for at least the next two years. There is also the worry that I may be asked to pay thousands of pounds towards the remedial work, although I already have a significant emergency fund which I believe would cover this. + +A further complication is that the fixed term on my mortgage expires in November, and although I believe I will be allowed to remortgage with the same provider on the same product without EWS1 certification, this also appears to be unclear. I don't want to ask my bank because I don't want to tell them the property is currently unmortgageable. + +Should I continue to overpay the mortgage, or would I be better saving/investing the potential overpayment elsewhere? +I have finally managed to DRS these beautiful 350 shares on my name thanks to the excellent support of ComputerShare UK! 🟣 + +There is no doubt we will win this and take them down once and for all! 🩳🏴‍☠️💀 + +&#x200B; + +See you all on the moon! 🚀🚀🚀 + +&#x200B; + +https://preview.redd.it/3dt5n2wjskk81.png?width=877&format=png&auto=webp&s=81ab061208bf542cdc6fd1abd9dfe3b6af10bc2e +Currently im readin "The inteligent investor" And i have a question. Graham mentions that a good investment would be equity that is inherently sound and promising and not popular in wallstreet. Where do you guys find about companies with these characteristics? Thanks in advance for all the answers! +I am learning DCF valuation and want to improve my calculations better by understanding the industry/sector the company operates in. What is the best way to do it? +Hello, + +I have three goals for my holdings: + +1. Non-precious metals (VALE) +2. Oil (Chevron) +3. Precious metals - gold (?) + +I have done my lenghty research on Vale and Chevron and I am very certain about them, currently I sold my Chevron to buy the dip on Vale on Thrusday, but I am looking to jump back on Chevron with new funds. + +I would like to find the best value/risk/cost gold play. + +Reasons to buy gold stocks: + +1. Inflation : In the 70s stagflation gold was massively outperfoming other assets +2. Basel III just improved physical gold to rank 1 asset, EU banks will hold more of them +3. Russia is selling USD and buying gold, other countries could follow + +Uses of gold:50% jewelry37% electronics8% official coins5% other (e.g. gold bars) + +Financial numbers to look at when I search for gold stocks: + +1. Margins (lowest-cost producers, since it is a commodity play) +2. Return on invested capital (ROIC) +3. P/B (not to overpay, it is a hard asset) +4. Debt-to-equity (usually gold stocks are very low debt) +5. Current ratio (usually gold stocks are very conservatively financed) + +Findings so far: + +|Ticker|Margins|ROIC|P/B|DEBT-TO-EQUITY|CURRENT RATIO|Dividend Yield|Market Cap| +|:-|:-|:-|:-|:-|:-|:-|:-| +|BTG|36.59%|25.94%|1.72|0.04|291%|3.83%|4.429B| +|KGC|31.56%|16.79%|1.25|0.30|216%|1.86%|8.122B| +|CGAU|35.09%|22.31%|1.00|0.01|512%|2.12%|2.311B| +|FNV|54.70%|11.19%|4.27|0.00|1638%|0.81%|28.222B| +|NEM|20.19%|8.19%|2.09|0.28|240%|3.47%|50.762B| +|GOLD|19.33%|8.72%|1.49|0.16|377%|4.44%|36.972B| + +I would only focus on the lower P/B companies for the fair value aspect. Also it is clearly visible that current ratios are above 200%, which is very conservative and stable. Also debt-to-equity is very low for all of the mentioned companies. Debt and liquidity would not be a concern on neither picks. + +Also, a great risk factor comes from the fact that many of these companies operate mines in politically unstable locations. Therefore, great margins, low p/b can be a trap if the political risk is not considered. + +Therefore the major factors for further studying would be; net margins, ROIC and P/B. + +No matter how good a company is, if it is overvalued, we cannot expect adequate returns, therefore I am going to cross-off FNV, BTG, NEM from the list. + +I would also not consider companies that are below sector, peer margins, therefore GOLD is off the list. + +CGAU - Centerra Gold + +I would stop my research at the fact that one of the company's mine got SEIZED by the government where it operates." Kyrgyzstan in full control of Kumtor gold mine as Centerra takes legal action".This is posing futher implications, risks and questions therefore I would cross it off the list. Althought, I must say if someone has an edge on this situation, and knows that this government seizure is not going to last and will not occur, it can be a great value play just from the numbers we can see without reading deeper inti it's annual and quarterly reports. + +We have one company left: KGC - Kinross Gold Corporation + +It has better than sector margins and ROIC. The P/B is decent not looking into hidden assets, which these companies usually do not carry on their books, or their gold reserves are reflected on 3-year average prices. + +$987/oz cost for 2020, $1025%oz guidance for 2021. With today's gold prices and outlook with the Brrrr machine, it look sustainable and will provide amazing margins, with close to no debt to repay. + +They planned 2.4million oz production in 2021 BUT! they had a mine burned in June 15th, dropping their target to 2.1m, with total reserves of 30million, with CAPEX plans of $900millions. This should not be understated, the mine is already back-on running, if you check the stock chart, the stock lost 10-15% due to this news, but it has been up and running since 24th of June, giving a great opportunity to buy on a short-term bad event. + +They are expecting 20% production growth from 2021 to 2023, which is nice but I like actual numbers not future stories, althought the reason I mention this is that they hav a 9-year track record of actually accomplishing their guidances. Cash-flow growth is expected to grow 10-15% versus peers 5-8%. + +Their mines are placed: + +1. 58% Americas (both the US and Brazil, Chile) +2. 20% Russia (far-east Russia) +3. 22% West Africa (Tasiast, where the fire occured) + +They are very liquid. $1 billion of cash & cash equivalents and $1.6 billion credit available.Very strong cash flows coming in, repaid $500 million senior notes ahead of maturity - great deleveraging an already low debt company. + +So, let us try to put a price on the thing. + +As of today, it is $6.44, P/B 1.25, PE 5.98. Last time gold was running it was trading above $20.EPS $1.07 for 2020, on $1770/oz average price for the company sales. EPS was $0.10 for 2020 Q1, it was $0.12 2021 Q1. + +During 2021 Q1 average price was $1787/oz, if gold price stay around this level, we can expect the following. + +Oil prices are on long-term contracts for: + +2021: $47.272022: $42.142023: $39.58 + +Rising oil prices clearly will not be an issue which could inflate costs. + +2.1 million prodcution, $1800/oz, and $1025/oz cost, that is $975/oz profit on 2.1 million oz.Around 2 billion pre-tax profit, compared to 1.9 billion in 2020.Net income can be 1.4billion in profits. + +For 2020 they had 1268 shares outstanding, today it is 1261, a slight decline, 0.6%.2020 EPS was 1.07, hitting highs in August of 2020 around $9, so 7-9 PE can be expected conservatively, since historically they had PEs well above 10-15, in 2007-9 moved around $20/share, on $0.59 EPS in 2007, so above 30 PE. Given their growth targets, global trend towards higher inflation, gold purchases in Russia Europe I would say 7-9 PE is very reasonable and conservative. + +2021 EPS could be 1.13. Using our conservative 7-9 PE, this could go easily at $8-10 per share. And if history is any guide, in a worse inflationary environment could go up to 30 PE, making it $30 per share. + +Also, Kinross operates in more stable economies than many of its competitors. + +Kinross is a Canadian company, therefore a potential USD crisis can benefit the company not by just increasing gold prices, but beneficial exchange rates. + +Inflation: according their CPI numbers which do not represent the whole truth. + +1. USD 5% (2020 May annualized) +2. CAD 2.2% + +Canada is also exporting 50% of the oil the U.S. consumes, making a potentially lower future energy risk to Canadian companies. + +Summary + +I believe gold can be a major player in the coming years, decade. Therefore allocating some of our portfolios into gold can be essential. It has practical uses, not just sitting in bank reservers or as jewelry. Advancement in space exploration, new infrastructure require gold as an essential component. It has been historically a proven way to preserve wealth, and in our modern history. + +In the 1970s, when the US got off the gold standard (1971) and oil prices soard with inflation, gold was massively outperfoming other assets (33% annualized gains in the decade). + +Another noteworthy example, is the post-WW1 German mark, which got off the gold standard and Germany printed money to finance it's reparations to the winning nations, approx. $270 billion USD worth in today dollars, but they were not allowed to pay in their currency, they had to exchange it, which they did with printed money. Germany's money printer went on in 1921, but the inflation truly kicked in later, in late 1922 and 1923. + +The U.S. cannot drastically raise interest rates, like in the 70s, because the government is more deeply in debt, and the population is in debt. A major part of U.S. savings are in stocks and real estate which are both in a bubble. The large government spending is not financed by higher taxes, lower spending elsewhere (military, healthcare), but by deficit spending, aka printing, aka inflation taxation. + +If the government wants to raise taxes on the rich, the rich will simple try to avoid, or spend less on investments which will reduce further job opportunities. + +The FED plans to "raise" rates in late 2022 or in 2023, from 0.25% to 0.75%. Until that, it is just going brrrr. How will inflation look like with this outlook? Any other gold play suggestions? +I'd like to put $10,000 into something that will give me the best return in 5+ years. Kind of a "set it, and forget it" sort of deal. I've never dealt with this sort of thing before, and am a complete novice to how I should go about it. I've heard of Roths and CDs but, I have no idea where to start. The less I have to deal with during tax time, the better. + +Any advice is appreciated. + +Edit: I'm 34, no debt except a car payment/rent/utilities, a healthy 401k, and I work full time. I live comfortably on around $50k a year, and I'm able to contribute to savings every other paycheck. This would be mainly for future planning. +A lot of times we on r/fatfire have to face tradeoffs between how we spend our time and how we spend our money. A very interesting intersection of this I’ve been thinking about is around different forms of paid childcare. + +I recently came upon an excellent summary of research on different child outcomes based on being cared for by a family member, nanny, in-home daycare, or daycare center. Which scenario is (on average) best for child outcomes depends dramatically on the age of the child. https://criticalscience.medium.com/on-the-science-of-daycare-4d1ab4c2efb4. Basically there is substantial downside to daycare, particularly >30 hours a week, until a child is about 2.5 or so. And in-home daycares surprisingly (to me) have better outcomes than daycare centers. (A lot of results flip once the child is >3). + +I was pretty floored that this research isn’t better known (I’m pretty well educated and hadn’t heard any of this). My husband and I believed all the pros about daycare “it’s great for socialization!” and seriously considered it for our infant even though we could afford a nanny (which we ultimately ended up going with). + +This research has also pushed us to reconsider our FIRE timelines since we currently have young children. + +I feel like I can’t tell any of my parent friends or family members about this research because I’m not sure that they can afford to do differently. However, I wanted to flag it for this community of FatFired or FatFire-bound parents who might be facing childcare decisions. + +Why is this FatFire relevant? A couple of areas / some food for thought: +- if you can afford it, consider having a relative watch your young children or, barring that, a nanny +- if daycare is the best option for you, # of hours a day really matters +- making different decisions for different ages of kids matters a lot. The negative impact of 45 hours a week of daycare on an infant are fairly large (behavior negatively affected) vs. the positive impact of 20 hours a week of preschool for a 3 year old (academics++) +- if you’re trying to make tradeoffs between your FatFire number vs. working an extra 1-3 years and have young children in the house, the impact can be substantial +Hello Superstonk! + +I hope all of you have had an awesome Memorial Weekend! But like all insufferable waits, it's almost over as we gear up for market open tomorrow. + +I did a massive Exit DD compilation to try to ease the agony of not having markets today, if you haven't gotten a chance [check it out](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/). + +As always later tonight I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have reading comprehension issues it will be posted by 9pm EDT. + +Crayons sharpened ? + +Ok, let's do this... + +# Technical Analysis for this Week + +**The Ascending Channel** + +This week I expect a continuation of the uptrend that began on May 11^(th). As we can see our uptrend is beginning to form a [broadening formation](https://www.investopedia.com/terms/b/broadeningformation.asp) as volume and volatility began top pick up. Normally this is a bearish signal, but in the case of GME the interesting thing is that due to sell pressure being low, and short inflation being high this broadening formation is also defined by an ascending channel. This implies that buyers are willing to buy higher, shorting is not profitable, and potential sellers are not taking profits (GME undervalued, hedgies are fuk, and apes hodl) + +[Ascending broadening formation on the 4h Timescale](https://preview.redd.it/d4jxv4hozi271.png?width=1604&format=png&auto=webp&s=5ea29292bc7d96dcbbd5fcb0e3bea5b218558add) + +Another thing to note here is that we can see there was very little short pressure this week before we broke to the upside of the bull flag that began forming last Tuesday. And even though we experienced increased downward pressure on Friday we are still well within the lower resistance of that flag. + +[Visualization of short pressure over the last few weeks 4h timescale](https://preview.redd.it/dqsht4lh0j271.png?width=1600&format=png&auto=webp&s=0d905f55bca1138ce86e0debaed43af7907b7cac) + +Due to this I think tomorrow we may see additional movement down to a bounce off that lower resistance around $212.50 to 217.50 before continuing upward. + +One last thing I wanted to point out on this chart, was this deviation from the expected pattern. Every week since the May 11th we have formed a bull flag in the early week and then corrected downwards and then ended the week slightly above max pain. This is the pattern I hypothesized in my DDs for weeks. It has so far proved true. Until this last Wednesday (although we still ended way above max pain @$200) + +https://preview.redd.it/u0zw9z6p1j271.png?width=1602&format=png&auto=webp&s=9a524c569fc82c77ed5e04ac1bfea62683b8b168 + +I have a few theories as to what occurred here. + +1. FOMO kicked in - This is probably the most likely as AMC was running and the media started expressing squeeze potential in "meme" stocks, people simply didn't want to miss the gravy train. +2. We had a correction - This is also really likely, as we ran up really hard this week it is possible Friday's action represented a small correction while we consolidate for another push upwards +3. A small margin call occurred - Remember the first short out of this is the lucky one? Well due to our constant uptrend it is a possibility that a smaller firm was called and covered. This could mean the dominos have begun to fall. + +This is speculative as we have no way of knowing for sure, but ties into some rumors floating around that smaller positions had been called in the previous week. I will be paying close attention for any other deviations like this one in the coming weeks signaling that the logic backing this thesis could be sound. If not, we should just continue to see a continuation of the aforementioned uptrend. + +# Indicators for this Week + +**I. MACD** + +MACD is continuing it's divergence I expect it will continue to diverge throughout this week as price action increases + +[MACD on the 1D timescale](https://preview.redd.it/yod6kr9z3j271.png?width=1418&format=png&auto=webp&s=ef6dd55300b57f9ad39dc1ccd3cadb45e9900ca1) + +**II. BBKC / TTM Squeeze** + +We are now sitting on four green signals and the expansion of the Bollinger Bands outside of the Keltner Channel is beginning. I think we will see increasing volume and volatility as our 31 trading day consolidation begins to unwind. I cannot express in words how primed this looks to just blow up. So I guess I'll just have to show you. + +[BBKC\/TTM on the 1D timescale...WTF?](https://preview.redd.it/gwvrzb6e6j271.png?width=2445&format=png&auto=webp&s=aa68f07207359afc3506b874e675991bc22414c8) + +**III. CV-VWAP** + +This indicator showed a signal on May 21^(st) when German markets were closed for Pentecost. So there was arbitrage. I will be checking tomorrow morning for this to fire again as US markets were closed today. Stay tuned to find out in the daily live charting. + +# Conclusion + +Everything looks good this week as we begin the first stages of lift off. I do not expect a dip below 212.50, but I am looking for a Tuesday dip in the early hours after market open. This could change based on arbitrage from the EU markets I will let people know in the morning update. Thank you all, I truly love being able to disseminate this information and get it out to all of you apes that follow along. By the end of this I hope we collectively represent the most financially literate generation of the last few centuries. + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under pinned posts on my profile u/gherkinit) from 8:45am - 4pm EDT on trading days + +On my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days + +Or over on my communities [Discord](https://discord.gg/jkVQM2xb) + +or for memes and other fun stuff on [r/dillionaires](https://www.reddit.com/r/dillionaires/) + +As always thank you for the support + +🦍❤️ + +\- Gherkinit + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +At how deep I am in the red. I let greed get in my way. Last Wednesday I was up about $2400 and now down $6500 and going to fall more. + +Could have sold yesterday and at least broke even, but now there’s no turning back. I know others are really hurting right now, or have it worse, but damn this sure took a turn. + +Please if you’re one of those people who likes to push people while they’re down, don’t leave a comment. No one needs it today, or this week, or the weeks to come +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Here are some questions I have on PMCCs: + +1. How do you know how far out you should buy the LEAP? +2. Should the LEAP you buy be ITM or OTM, and how deep? +3. When your weekly/ monthly gets assigned, how does this work? You would have to sell shares you do not own? How would this play out? Would you have to sell your LEAP? +4. Because a PMCC ties up less collateral, why doesn't everyone use PMCCs? What are some of the cons/ drawbacks to them? + +Are there any other tips for a PMCC newbie you would like to give? +I've seen a few posts about tax efficient/tax gotchas that people can fall into whilst trading the various different options strategies. On the basis that I can't recall ever seeing anyone post here about options traded on a non-US exchange, understandably those posts have started from a US resident perspective. + +But what if you're not? + +First up - the US does NOT charge Capital Gains Tax on non-US residents. [https://www.investopedia.com/ask/answers/06/nonusresidenttax.asp](https://www.investopedia.com/ask/answers/06/nonusresidenttax.asp) + +Note: Worth checking there as the terminology can be exacting - as stated by u/PurpleDevilDuckies, if you're a US citizen but living abroad, you still get clobbered by it... + +So all the advice regarding wash sales, long capital versus short... doesn't apply, cheerfully ignore it.For most other countries it simply boils down to the question "How much money did I make?" - they don't care about what options strategies you used or how long between trades.It comes down to the rules for your home country. I'm passing familiar with the Canada and UK capital gains rules, so have listed below my (not professional) take on them... + +Hopefully I didn't screw up anywhere! + +Also editing this as people throw up their country's rules in the comments... + +&#x200B; + +&#x200B; + +Australia + +Real good walkthrough here of calculating what capital gain for a year is:[https://www.reddit.com/r/options/comments/j5ejg2/ato\_australian\_tax\_treatment\_for\_options\_trades/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/options/comments/j5ejg2/ato_australian_tax_treatment_for_options_trades/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Gist is - Options Trading is capital gains taxable.Capital gains are added to your income, and taxed at the appropriate income tax rate. Note, capital losses can be used to offset capital gains, but not your other income. So if you suck real hard, you can reduce your income tax bill to just your income from elsewhere, but not below. You can however use unused losses from one year to offset the next.Also... any assets held for more than 12 months are given a 50% discount on their capital gains value. + +&#x200B; + +&#x200B; + +Canada + +Options trading is capital gains taxable, TFSA accounts offer a route to avoid this.If not in a TFSA - They're calculated on a 50% basis - your 'Taxable capital gain' amount is 50% of the profit you have made on any capital gains, minus 50% of your capital losses - within that year. So if you your underlying moves suck and you lost 1000, but did great on options for 3000 - taxable gain amount is 1000. + +Whatever that is - that's then added to your income and charged at the rate appropriate for the band it's in. + +&#x200B; + +Germany + +Options trading is capital gains taxable. 800 allowance, after that 25% rate on all gains.Losses can be offset against gains, but only like for like unless it's stock losses (so options losses against options gains, but not against shares gains - but you can use shares loses against any options gains, just not the other way round). Also only up to 20,000 in losses if those losses are from long positions - short position unlimited loss offsetting, AND it's not net loss, it's gross. I.e. If you then buy back to close a position, that's considered a loss. + +Which means if you like Iron Condors, you're going to really quickly eat that offset loss up whilst also geting taxed on a premium - and as mentioned can lead to situations where you're paying taxes despite being a net loss that year. + + +u/teteban79 has a more thorough walk through in the comments.... it's a headache. + +Seriously, yikes, Germany does not like options trading. + +&#x200B; + +&#x200B; + +UK + +Options trading is capital gains taxable, ISA accounts offer a route to avoid this.If not in an ISA - any gains/losses on options trading will be summed into your 'Taxable gains'. You are allowed to offset losses against gains (so if you suck at options trading and lost 1000, but are great at selling underlyings and made 3000 - you only have 2000 as taxable), and you can use any loss up to four years ago - so long as you haven't used it before for this purpose. + +The first 12,300 is an allowance and is tax free. + +After that... a bit mathsy. The principle is based on whether your capital gains earnings plus your income taxable income move you into the higher rate of income tax or not. + +So work out what your income taxable income is, then your capital gains taxable gains. Add them together.If capital gains do not take you into the higher tax bracket, they are charged at 10% tax rate. + +Anything that is over into the higher rate tax bracket (or all of it after the 12,300 allowance if you're already a higher rate taxpayer) is 20%. + +&#x200B; + +&#x200B; + +Adding in the honourable mentions of 0% capital gains... + +Belgium, Switzerland, Isle of Man, Monaco, Singapore, Hong Kong, Malaysia, Philippines +There was a guy that posted a while ago at the beginning of this year that he sold 10 puts at a strike of 295 back when nvda was above 300 + +Since then nvda has crashed all the way down to $130, more than half value lost and possibly more downside ahead + +I wonder how he is feeling about that now, + +This is the result of “wheeling “ where your supposedly ok with owning stocks long term +Writing this up quickly before I nap until premarket but I think I've cracked the code on [Cohen's "RIP DUMBASS" tweet](https://twitter.com/ryancohen/status/1398454505314959361/photo/1) + +*edit: added image* + +[RC Tweet: RIP DUMBASS](https://preview.redd.it/c3qlqvbfd0m71.png?width=747&format=png&auto=webp&s=bda97cb9dba16a622fbd3a6483c9e027cce49239) + +A few days ago I started taking a look at old DFV and RC tweets again. With the community uncovering the "zombie stocks" and many RC tweets ([Sears/Blockbuster/Pets.com](https://www.reddit.com/r/Superstonk/comments/pgzvge/guess_who_else_squeezed_in_january_guess_who_else/); credit: u/notgoran69) seeming to hint at this correlation, it only made sense to revaluate them all + +# RIP Dumbass was always about Amazon: + +User [u/joeygallinal](https://www.reddit.com/user/joeygallinal/) discovered that "RIP Dumbass" came two days after Amazon's Bezos announced he would be [stepping down as CEO](https://www.reddit.com/r/Superstonk/comments/ph448x/on_may_28th_rc_tweeted_out_his_rip_dumbass_post/). While this alone seems like a nod to GameStop overtaking Amazon, Cohen's use of the tombstone generator seems to be a clue as well + +A reverse image search of the tweet reveals this: a LinkedIn post from 2018 using a tombstone generated from the same site: [https://www.linkedin.com/pulse/amazon-go-bankrupt-theyll-likely-outlast-1998-peers-michael-todasco?trk=portfolio\_article-card\_title](https://www.linkedin.com/pulse/amazon-go-bankrupt-theyll-likely-outlast-1998-peers-michael-todasco?trk=portfolio_article-card_title) + +[Reverse image search of \\"Rip Dumbass\\" tweet](https://preview.redd.it/tyyq9r5a90m71.png?width=790&format=png&auto=webp&s=12c0d615dab4ef2d37f81901c3e5caec70ad85c8) + +[\\"Amazon Will Go Bankrupt\\" published 12\/3\/18](https://preview.redd.it/ji3diji4a0m71.png?width=913&format=png&auto=webp&s=a1dae67f468e09bfac5673b40023cac209f2c759) + +>*Amazon is not too big to fail. In fact, I predict one day Amazon will fail. Amazon will go bankrupt...* +> +>*One day Amazon will not dominate. One day Amazon will not exist. No one knows when, but it will happen* + +December of 2018 was a notoriously bad time for Amazon's financials ([Amazon’s stock is closing out its worst quarter since the 2008 recession, 2018](https://www.cnbc.com/2018/12/24/amazon-on-track-for-worst-quarter-since-q3-2001.html)). The LinkedIn article highlights the longevity of corporations and Amazon's goal to remain on top. Nothing too interesting, but here's why I'm jacked: + +Cohen could have put that message out in *any way.* Him simply tweeting the words would be enough to jack our tits! In my opinion, the tombstone meme is a direct nod to this article. I did not have to dig far, folks! **It was the first and only** ~~matching~~ relevant result from my search. + +Strap in. GMERICA is here to stay + +edit: Relevant DD to the Amazon situation: [https://www.reddit.com/r/GME/comments/ngafr3/hedge\_funds\_stole\_the\_american\_economy\_created/](https://www.reddit.com/r/GME/comments/ngafr3/hedge_funds_stole_the_american_economy_created/) + +[https://www.reddit.com/r/Superstonk/comments/pgttob/the\_post\_about\_gamestop\_being\_a\_victim\_of\_jeff/](https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/) +Hi everyone, + +Funny ELI5: + +Central banks and SHF: And we took these BONDS that are backed by LOANS that are backed by HOMES and use them to back NEW LOANS, and then repeat, what can possibly go wrong? + +Retail: So how does that exactly benefits us? Lol + +And then I started blasting…. So anyway. + +The changes from LIBOR to SOFR has been one of my biggest catalyst from when THE CHAOS THEORY was created and melons guide to the moon (months ago). + +Why is this a big deal? + +THIS IS THE MOTHER OF ALL BAGS OF SHIT. We are talking about amounts bigger than the economy itself. + +A massive portion of the derivatives market (it’s on the quadrillions now), is attached and linked to all the banks loans, tons of bets and debt with leverage that is basically bigger than economy itself, so, AFFECTS EVERYONE in this earth directly or indirectly, the magnitude need to be understood. + +Check for yourself, this is the list of bag holder and how much shit: + +https://i.imgur.com/4cSnWan.png (so many trillions!) + +Just JP Morgan itself is sitting on over 52 TRILLION! + +https://i.imgur.com/AuR8SOB.jpg + +Notice that Goldman is also leverage 200:1 that’s insane! + +Photo of world assets as reference: + +https://imgur.com/gallery/vv33GAA (this is from 2019 and it was already that big). + +As a reference for magnitude: + +1 million seconds is 0.0317 years +1 billion seconds is 31.17 years +1 quadrillion seconds is 31.17 MILLION years. + + +After everything that is going on, I kinda forgot about it and haven’t seen anyone mentioned it. + +This changes were going to be in effect at the end of 2019 but on September 17 almost crashed the market, then moved the date due to Covid to June 2021 and delayed again to 31 of December. + +“conveniently” Covid came to play (not saying that’s the reason why Covid exist) but definitely used as a scapegoat to delay those changes to mid 2021 then 31 of December. + +This time to December 31, 2021. + +Yes! The day in which everyone is gonna be so focused in the New Year’s Eve and the fireworks and everything, and not be looking into this. + +Let me refresh you how big the change from LIBOR to SOFR is. From the DD above that is months old. + +———————————— + +**LIBOR to SOFR** + +READ THE CHAOS THEORY DD](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) to have the proper DD about this. (recommend the whole saga!!) + +Changes from Libor to SOFR were meant to happen in 2022, but guess what? + +They pushed to June 2021!!! + +Update: the DD was written before June and I was so excited just to find out, was pushed again to December 31 this year. + +Original schedule changes here + +[https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab\_2](https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab_2) + +**This is massive!! Why?** + +Banks used LIBOR to manipulate their self created and self reported interest rates in order to be favorable and give away (lending) money left right and center. Where did tons of that money go? To HEDGEFUNDS, management and so on! The fat bonuses and feels to me like the perfect way to money launder (this is speculation of my side, educated one tho). + +They borrowed money from banks for almost no interest rates no matter how the economy and inflation was. + +Update: They kept on printing, to the point the inflation is 6.2% and everything it’s going up and up! during an unprecedented pandemic!!! For what? SHORTING and INCREASE THE WEATH GAP. + +They need to increase the interest rates as one of the main tools to control inflation, also need to recall money itself since the increase money supply is diluting the value and buying power of it. + +**Wtf??** + +Now you wonder why during a pandemic the whole market was “healthy” and up and growing right?? Inflating business with naked shares and more… + +Update: SP 500 it’s been touching record highs over and over lately, that is not normal, and the economy it’s not “fine”, it’s been artificially pumped by the huge amount of printing! + +You know where that money is going, central banks, MMs, SHF and upper management of business to pu themselves fat bonuses. + +**So what all this changes mean?** + +With Libor banks set interest rates themselves for their loans to business, institutions, people or the government) according to how the economy is, “using” indicators like inflation among others. [Read about it here.](https://www.investopedia.com/terms/l/libor.asp#:~:text=LIBOR%20is%20administered%20by%20the,data%2Ddriven%2C%20layered%20method) + +The banks have been manipulating this FOR A LONG TIME. Especially after 2008. + +I guess they wanted to recoup their loses and because being HOLDINGS now, they wanted to be bigger and bigger. + +CHECK ON MELONS DD on what Holdings means, and how fractional banking works (huge massive scam all interconnected and networked). + +**BOOM! The greed** + +They got too greedy.... :( Even during the pandemic they gave away loans at very low and favorable rates, it was more than obvious that the economy wasn't right... they needed to raise the rates! + +They didn't!! + +With the money they been also purchasing tons of real estate, TONS! And they still don’t want to slow down, no tapper yet! Insane! + +Now they are full of this bad bad loans with subpremiun and adjustable rates, but everything was ok as long as they kept on showing those fake interest rates right? + +SOFR arrives!! + +SOFR was almost implemented on 2019 and almost caused a massive crisis!! **BUBBLE ALERT!** + +why? + +**Lets find out what SOFR means** + +[What is SOFR?](https://www.investopedia.com/secured-overnight-financing-rate-sofr-4683954) + +https://www.jdsupra.com/legalnews/libor-transition-to-sofr-a-brief-9557503/ + +Thanks to a fellow ape in the comments for providing this link ❤️ + +The secured overnight financing rate, or SOFR, is an influential interest rate that banks use to price U.S. dollar-denominated [derivatives](https://www.investopedia.com/ask/answers/12/derivative.asp) and loans. The daily secured overnight financing rate (SOFR) is based on transactions in the [Treasury](https://www.investopedia.com/articles/investing/073113/introduction-treasury-securities.asp) repurchase market, where investors offer banks overnight loans backed by their bond assets. + +So the interest rates are not going to be self reported by the banks, but instead the government is going to provide those rates to the banks based on the repo market. + +They believe is a better option than letting the banks manipulate the rates for their advantage. + +This magnificent ape made a really good post about it and thats how I found out about this problem, all credit to him!! + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +FROM THE **CHAOS THEORY:** + +Introducing **SOFR (Secured Overnight Financing Rate**)!!!!! This is a MASSIVE 200 trillion dollar transition that will take place over the next few years. + +**OH and it almost imploded the entire fucking market the first time it was attempted to be implemented back in 2019** [https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm](https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm) + +[Definition](https://www.investopedia.com/terms/t/treasurybond.asp) + +brilliant ape make the [**CHAOS THEORY**](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) and explains a lot of what im saying here. **A MUST READ** + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +I'll let the rest to the CHAOS THEORY, very well explained. + +This DD also has tons of information and been telling us for a long time, apes can get more awareness here. + +https://www.reddit.com/r/GME/comments/n2hjnk/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf + +——— + +TDLR: Central banks and large banks have been manipulating interest rates on LOANS (affects all loans directly or indirectly) trough LIBOR, this made up rates have been self reported and self regulated by central banks. + +This abuse has created the MOTHER OF ALL BUBBLES. + +This bag of shit is as big as the economy itself and affects every person in this planet. + +The way those interest rates are set is about to change from LIBOR to SOFR and banks no longer can self set interest rates but instead those rates are gonna be given, that transition will start taking affect on the 31 of December. + +No new loans on LIBOR past that date. + +This will out a massive stress and pressure on the banks books, especially the ones with massive amounts of loans and this bag of shit. See image bellow, (JP Morgan is sitting on over 52 TRILLION while Goldman is leveraged 200:1, check yourself in the documents attached). + +For new and old apes, be aware, a lot of things are coming and the market is standing in a fine edge. + +Buckle up!! This is gonna be a bumpy ride! + +Can’t stop, won’t stop. GameStop now! + +Buy, Hold and DRS! That’s what I’m doing. + +This post is EDUCATIONAL ONLY, shouldn’t be take as financial advice, if you require financial advice please visit a qualified professional for it as this is nowhere near financial advice, please do your own research and make your own conclusions based on your learning. + +🍉 out + +🚀🚀🚀🚀🚀 + +Edit: Links and photos added, TDLR included and lots more :) + +Update: This ape found a connection between Libor/SOFR and the RP Repo program and RRP reverse repo. + +Seems like they are stacking cash on the RRP (now every day reaching 1.5 trillion) in order to alivie ate some of the impact that the change is gonna cause. + +https://www.reddit.com/r/Superstonk/comments/r3k6ok/libor_sofr_onrrp_and_why_it_may_be_a_bigger/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +The derivatives on this market is astronomical, the biggest banks are sitting in trillions and trillions of those massive leveraged loans calculated with Libor interest rates, that’s about to vary when SOFR takes affect and will put a lot of pressure and stress on their books. I think fireworks mixed with other catalysts. + +Reposting this time to time until happens. If you don’t like it just keep scrolling, simple. +I have a rental property that generates positive cash flow. I bought it with a loan that required $0 down, so I don’t have a down payment invested in the property. I lived in the property prior to it being an investment, and I did put some money and a lot of my own labor into improving the property. The Zestimate is presently 185% of what I owe on the property. Even though I have been fortunate to have the same great renters in the place for the past five years, I am ready to take the equity from this property and move on. While considering this, I am kinda at a loss for how to evaluate my decision. All I can think to do is to value the net present value of future payments of the amount that is positive cash flow and compare that with what I would net after paying off the mortgage, fees, and taxes. That seems to leave a lot of factors out of the picture though. I get that the principle of the mortgage will decrease and the value of the property will probably increase over time. However, we are at what could be a peak in real estate values for a while. Also, it’s an older house that will start requiring more maintenance at some point in the near future. There are a lot of factors. Is there a simple approach to this? How should I evaluate the decision to sell this property? +Fundamentally it seems the same as buying one property to live in and another property as a rental investment. Obvious pros may be that you can rehab the place easier if you’re next door and invest in some good ROI enhancements to both units (shared HVAC or something, just making stuff up here). Cons are that you have to live next to your tenant. + +Is there anything else I’m missing as to why this gets recommended so often as an option? Are duplexes priced more efficiently in terms of rental cap rates when up for sale at the same time? +34M, $1.1MM in assets, HCOL City. $110k Salary + +Under the 4% rule, my monthly budget is $3600/mo. But my rent+utilites runs me $2,000/mo. A bit over half, and home ownership is a bit out of my price range. I'm unmarried, and have no kids, but am open to that someday. + +So a full on retirement right now would be a bit too lean for my taste. I spoke to my boss a few days ago and told him that I'd like the ability to take 3-6 months of unpaid time off a year moving forward. This would allow me to have the ability to enjoy life while I still have some youth left in me, and let me easily come back to a full time role if the marriage/kids lifestyle starts to happen. + +I do actually enjoy a lot of what my job has to offer, and having the flexibility to take a loooooong break after a project is completed would greatly help my work life balance. Currently when a project is finished and we're all exhausted....a new one comes in the next day and we have to go full steam ahead without any downtime. Gross. +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +Many of you are aware that there is one thing that jacks my tits in a very special way, and that is low volume. Can you believe that there was less than 1m shares traded yesterday? Or that it happened on a day when RRP hit $1T again? I've said it plenty of times before, but I'll say it again: things feel like they are converging, and there has never been a better time to HODL with Diamantenhände. Apes own the float several times over, and the shorts have *not* closed. Things feel like they are heading toward a convergence, and when we get there, you will be glad that you bought and held now. + +Today is Thursday, August 12th, and you know what that means! Join other apes around the world to watch low-frequency updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$157.61 / 134,50 €** *(volume: 969)* +- 🟩 115 minutes in: $158.23 / 135,03 € *(volume: 946)* +- 🟩 110 minutes in: $158.02 / 134,85 € *(volume: 946)* +- 🟥 105 minutes in: $157.99 / 134,82 € *(volume: 942)* +- 🟩 100 minutes in: $158.21 / 135,01 € *(volume: 865)* +- 🟩 95 minutes in: $157.99 / 134,82 € *(volume: 782)* +- 🟥 90 minutes in: $157.64 / 134,53 € *(volume: 764)* +- 🟩 85 minutes in: $157.80 / 134,66 € *(volume: 748)* +- 🟥 80 minutes in: $156.24 / 133,32 € *(volume: 635)* +- 🟥 75 minutes in: $157.36 / 134,29 € *(volume: 231)* +- 🟩 70 minutes in: $157.76 / 134,62 € *(volume: 219)* +- 🟥 65 minutes in: $157.39 / 134,31 € *(volume: 206)* +- ⬜ 60 minutes in: $158.36 / 135,14 € *(volume: 190)* +- 🟩 55 minutes in: $158.36 / 135,14 € *(volume: 169)* +- 🟥 50 minutes in: $158.33 / 135,11 € *(volume: 165)* +- 🟩 45 minutes in: $158.35 / 135,12 € *(volume: 141)* +- 🟥 40 minutes in: $158.27 / 135,06 € *(volume: 141)* +- 🟥 35 minutes in: $158.32 / 135,10 € *(volume: 132)* +- ⬜ 30 minutes in: $158.33 / 135,11 € *(volume: 128)* +- 🟥 25 minutes in: $158.33 / 135,11 € *(volume: 121)* +- ⬜ 20 minutes in: $158.35 / 135,12 € *(volume: 110)* +- 🟥 15 minutes in: $158.35 / 135,12 € *(volume: 71)* +- 🟥 10 minutes in: $158.37 / 135,15 € *(volume: 60)* +- 🟩 5 minutes in: $158.40 / 135,18 € *(volume: 56)* +- 🟥 0 minutes in: $158.23 / 135,02 € *(volume: 32)* +- 🟥 US close price: $158.78 / 135,50 € *($158.88 / 135,58 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.17184525. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +For those of you not aware, nearly all financial institutions offer consolidation loans to get people out of credit card debt. +For those of you with high rates, consolidation loans can have massive effects on your ability to pay down debt. + +Comparing the average 16% card to a 7.24% consolidation loan will save roughly $4000 for every $10,000 every 48 months. This means a $150 payment pays off twice the amount of debt instead of half of the payment being wasted on paying crazy credit card interest. + +The effect of reducing your interest rates cannot be expressed enough. Interest builds on itself and grows exponentially. + +Consolidation loans are also far better for your credit score because they count as a loans and not as credit card debt, which will dramatically improve your credit score, as the two kinds of debt are scored completely differently. + +Nearly all financial institutions have these kinds of consolidation loans, so I'm not endorsing any particular company. It's your choice. + +I hope this helps! +So right now I’m 100% equities, I’m fairly young and have a moderate risk tolerance. + +With literally everything being overvalued right now, and bonds giving negative yields, where’s a good place to park some cash in case of a market correction? + +I want to have some money ready to buy discounted stocks when a market correction hits, but bonds seem like such a waste of time right now, what’s a fair alternative? +I’m 24 and live in the Midlands. I have just started a career as a teacher but I’m unsure whether I will stick with teaching in the next few years. My starting salary is 26k. + +Currently, I have around 14k in savings. Most of this is in a Help to Buy ISA, as I worried about the withdrawal penalty attached to a LISA. I’m probably able to save £450-500 comfortably most months. + +As a single buyer, I feel that I am going to struggle to earn enough to be able to get a mortgage. I don’t want to rely on having found a partner either nor do I have family who can help. A decent property here is probably 180-200k. There are properties that are cheaper however, they are flats typically not in the safest areas. I���m not looking to make money, I just want the security of owning a house. + +Any tips on what I can do? Just keep saving? Give up on buying a house and invest my money instead? I’m currently considering shared ownership. +Hi, im currently 20 years old living in austria , 2nd semester into university and I wanted to start investing in index funds. I saved up around 5k that I wanted to invest and I don't really know how to effectively use it. + +Appreciate the help🙏:) +These tools are worth spending time knowing about. *Remark: IBPy is dated and should be for Python 2 (up to 3.3), you should look for other libraries or the IB Python API.* + +[9 Great Tools for Algo Trading](https://hackernoon.com/9-great-tools-for-algo-trading-e0938a6856cd) +After using MFUtility since late 2015, I switched to Kuvera some time in 2018. The more responsive customer support and more convenient reports (particularly capital gains) were what won me over. As time progresses, they don't look as good on both counts. + +&#x200B; + +Like most other services, they seem to be unable to retain the quality of customer support with growth. What used to be a 24-hour response time has turned into 4-5 days even for transaction troubles due to issues in their payment system (both netbanking and NEFT). The initial support executives were clueless about what's going on in one case. In the meanwhile, MFUtility has gone and seriously improved their support responsiveness. Most queries get the first response within a single working day and unless it needs coordination with fund houses (like changing bank mandate), the issue is fixed along with the first response. They have also always provided very detailed visibility into the status of transactions. + +&#x200B; + +The other major issue with Kuvera is their complete disregard for precision in their reports. For transactions, they seem to just assume the date. I have debt fund purchases for which I placed the order on 31st March. 1st April being a holiday, the order was processed on 2nd and statements from fund house and CAS show the date as 2nd. Kuvera's statement shows the date as 1st. The support ticket for this has not got a reponse after 5 working days. Have I lost money? No, but it affects my confidence to blindly rely on Kuvera's statements. + +&#x200B; + +The second instance of inaccurate reports is their capital gains statement. There is a difference of over ₹10 between my actual equity gains in FY 2018-19 and what Kuvera's statement shows. When I audited the individual entries, most of the redemption values did not match their own transaction statement! It was not an error in a single fund or entry. The loss of precision was spread across all transactions. I double-checked against my own records, CG statement from fund houses and my bank credits. All of them match to the paisa except Kuvera's CG statement. Once again this may not be a big deal. After all the IT dept is not going to bother me for a couple of rupees of unpaid tax. It does show that Kuvera's systems are not built to be precise, and that's concerning for a financial service. +Big bull Rakesh Jhunjhunwala, at the India Economic Conclave in Mumbai: + + + +If the person who is investing in SIPs, gets 12% to 15% compounded returns, he is going to be very happy. I do not think there will be much volatility in the SIP flows. The path is only upward. 98% of the money is made in the stock market is by being a bull not necessarily a big bull but being a bull. + +&#x200B; + +I would like Modi to be PM again. + +I am BJP supporter and I will remain one. But the question is if some other government comes, it is not going to be the end of India because India is a responsible democracy and we have had no single government in power, party in power in parliament for the last 24 years from 89 to 2014. So it is not that the world is going to fall if a non-BJP government comes in. But I desire, wish, hope is that we have a BJP government. + + +More [here](https://economictimes.indiatimes.com/markets/expert-view/98-of-money-is-made-in-the-stock-market-by-being-a-bull-rakesh-jhunjhunwala/articleshow/67077568.cms) + +Hello redditors, I'm very interested in studying Econ at university (I'm currently doing my A-Levels in the UK, much like the last two years of High School in America I imagine) either on its own or in combination with Philosophy or as PPE at Oxford (I can always dream eh?) and I'd if I could, I'd like some help: + +Where did you study, what was the course like? Did you combine it with anything in particular, either for personal interest or as a compliment to the course? How did you plan on using your degree and how did you end up using it? + +I'm really just looking for some advice outside of my school's career advisers (not that they aren't good at their job) from people who were in my position and what they wish they'd been told. + + + +Thanks :) + +EDIT: Wow, I went to bed after the first couple of comments and waking up this morning saw many more. Almost 24 hours after asking the /r/econ collective I have 110 comments to wade through - Thank you all for your contribution I look forward to reading :) +A lot of people ask "what bank should I use?" and a small number of banks and credit unions get most of the airtime here so I wanted to compile a list of recommendations (and add it to the PF wiki for easy reference). + +I also don't think there is any one bank that's ideal for everyone. Some institutions have better interest rates. Others offer better ATM access. Some are difficult to join (looking at you USAA and NFCU). Some are better for people who travel a lot. And hopefully all of these choices have good customer service reputations. The idea here is to give some possible options to people looking for a new bank based on the features that people mention the most often. + +Is this an accurate reflection of what people recommend the most often here? + +(in alphabetical order) + +Name | Type | ATM access | High-Rate Savings| High-Rate Checking | ATM Foreign Exchange Fee | Limited Membership | +-|-|-|-|-|-|-|- +Alliant Credit Union|Online Credit Union ^1|$20 in refunds/month plus 80,000+ free ATMs|Yes|Yes|1%|[Barely](http://www.alliantcreditunion.org/help/who-is-eligible-to-join-alliant) +Ally|Online Bank|$10 in refunds/month plus 43,000+ free ATMs|Yes|No|1%|No| +Capital One 360|Online Bank ^1|38,000+ free ATMs|Yes|No|0%|No| +Discover Bank|Online Bank|60,000+ free ATMs|Yes|No|0%|No| +Fidelity Cash Management|Online Bank|unlimited refunds|No Savings Accounts|No|0% (1% if debit purchase)|No| +Navy Federal Credit Union|Online Credit Union ^1|$10 or $20 in refunds/month ^2, 28,000+ free ATMs|No|No|1.8% or 1% (0.8% or 1% if debit purchase)|Yes| +Schwab Bank|Online Bank|unlimited refunds|No|No|0%|No| +Simple Bank|Online Bank|40,000+ free ATMs|No Savings Accounts|No|1% ?|No| +USAA|Online Bank ^1|$15 in refunds/month, 10 withdrawals/month|No|No|1%|Yes| +[find a local credit union](http://www.asmarterchoice.org/)|Local Credit Union|Most have large ATM networks|Varies|Varies|Varies|Often| + +Notes: + +- **If you need to deposit cash or require other in-person services, a local credit union is likely to be a better option than an online bank or credit union.** +- All institutions are open to membership in every US state. Navy Federal and USAA have membership requirements based on military service (or being closely related to another member). Navy Federal's requirements are somewhat looser. A $10 donation to a charity may be required for some people to join Alliant. +- All listed institutions have "Excellent" or "Very Good" fees (meaning very low fees) as [rated by Consumer Reports](https://www.consumerreports.org/cro/banks-credit-unions.htm) except for Alliant which was rated as "Good" and Fidelity and Simple which were not rated. +- All listed institutions have no minimum initial deposit except for USAA which has a $25 minimum. +- High-Rate Savings = 1% or higher FDIC-insured savings or money market interest rate +- High-Rate Checking = 0.5% or higher FDIC-insured checking interest rate +- Methodology: I went through a bunch of popular posts ([1](https://www.reddit.com/r/personalfinance/comments/55c3dq/wells_fargo_megathread_alternative_banks_and/), [2](https://www.reddit.com/r/personalfinance/comments/6c35ne/this_is_just_a_reminder_that_bank_of_america/), [3](https://www.reddit.com/r/personalfinance/comments/54de3n/credit_union_vs_major_bank/), [4](https://www.reddit.com/r/personalfinance/comments/35pv89/im_susan_weinstock_and_i_direct_the_consumer/), [5](https://www.reddit.com/r/personalfinance/comments/1nud0h/this_is_why_i_am_a_member_of_my_local_credit_union/), [6](https://www.reddit.com/r/personalfinance/comments/6ayevu/lets_talk_banks_with_which_bank_you_are_and_why/), [7](https://www.reddit.com/r/personalfinance/comments/3atug4/looking_to_switch_banks_us/), [8](https://www.reddit.com/r/personalfinance/comments/54oxgz/which_bank_do_you_recommend_i_currently_have/)) and roughly tabulated the recommendations along with the main reasons why people recommend them. I tried to be as fair as possible and at least one bank that I'm kind of "meh" about ended up on the list so hopefully this is relatively unbiased. +- [1] Alliant, Capital One 360, Navy Federal, and USAA all have physical branches, but not nationwide. (Fidelity and Schwab also have branches, but don't accept cash deposits at any.) +- [2] 4 out of 5 checking account types offered by NFCU include $10 or $20 ATM refunds. + +P.S. For the record, I've used 3 of these institutions as my primary bank and had accounts at 3 others. I have no complaints, switching occasionally for greater convenience. + +edits: + +- Fixed ATM access information for Ally and Navy Federal. +- Note that Simple also wasn't rated by Consumer Reports. +- Note that some of these banks and credit unions do actually have some physical branches. +I am pretty much torn over SPOT. I have used Spotify, Apple Music, and YouTube Music. I have to say that playlists and recommendations from Spotify are the best. Even though I love using Spotify, I am not sure whether I should put any money into the stock. + +The main issue I have with SPOT is it is the only company in the music streaming game that needs to make money off of music streaming. All the other companies (AAPL, AMZN, GOOG) don't have to make a penny from their music streaming services because all of these companies have way more profitable lines of businesses. Besides, music streaming does not have any economy of scale to speak of. The more users you have, the more music is getting streamed, the more royalties you have to pay out. + +Any thoughts on why SPOT should have a spot in a stock portfolio? +Carlos, an autism therapist, is most famous for his enthusiastic support of a coin called Bitconnect that turned out to be a scam. + +Carlos is passionate about helping people avoid losing money in get-rich-quick schemes. This should be an eye-opening interview that will help shed light on what happened with Bitconnect, and how others can avoid falling victim to predatory schemes that exploit the hopeful and naive. + +MAD Token is a crypto project that helps charities integrate cryptocurrency into their donation streams, and also provides a donation combined with helpful education on how to get the most benefit from crypto donations. They also are focused on transparency, with a completely doxxed team and team wallets listed on their website. + +The stream will be held on MAD Token’s Twitch this Thursday at 6 PM EDT. + +&#x200B; + +Additional links: + +[https://madtoken.org/](https://madtoken.org/) + +[https://t.me/madcharitytoken](https://t.me/madcharitytoken) + +[https://twitch.tv/madtokenttv](https://twitch.tv/madtokenttv) +The core question is in the title. This is just a back story that prompted the question if anyone is interested. I imagine that many FI folks find themselves in these types of conversations on occasion. + +I ran into someone I used to be close friends with in early undergrad. We were roommates but had a falling out over something that I don’t recall. I hadn’t seen him in probably 7-8 years. + +He reached out to me on Facebook randomly and we started chatting. He’s a nice guy and I think he wanted to be friends again. A couple of months had gone by and we had talked about our families, sports, whatever, but I never talked about my job or house. I eventually invited him and his wife over for dinner to meet my family. It was a fun evening all around. + +He and I went to a soccer game yesterday and he started asking me about my house, cars, finances, etc. He basically told me his entire financial situation. I would not say that he has been unsuccessful, but there are noticeable differences between our lifestyles and we find ourselves far wealthier than him. + +I didn’t know how to respond to his questions so I mostly just changed the subject or downplayed our own situation to try to level the playing field. + +How do you respond in situations like these? +I see a lot of poor advice on this sub with people advising others that paying off collections will increase your credit score by a lot or quickly. This is not the case. Paying them off might help you get a loan if you are working with an underwriter and they ask you to pay them off, but that negative remark stays a negative remark regardless of whether you owe $1000 or $0 unless you can get it removed entirely from your report. + +If you aren’t getting a loan anytime soon, your best bet would be to build up an emergency fund if you can BEFORE paying any collections. You could also just wait till they fall off your report in 7 years but beware, if you speak to the collection agency and admit to the debt or arrange payments the time clock will start over! + +The best strategies in my opinion to take care of collections are these in order of most preferred to least preferred. + +1) dispute the collection +2) try to negotiate a pay for delete +3) try to bargain down the amount you pay, then pay it and try to dispute after to have it removed. +4) let it sit there and fall off after 7 years +5) pay it and let it sit as a derogatory remark affecting your credit score almost the same as if you didn’t pay it. (I would only advise this if a lender asks you to do so in order to obtain a loan) + +https://www.moneytalksnews.com/ask-stacy-will-paying-old-debts-improve-credit-score/ + +https://www.creditsesame.com/blog/debt/will-paying-off-delinquent-debts-improve-my-credit-score/ + +https://www.creditkarma.com/question/if-i-pay-off-a-collection-account-will-my-credit-score-improve + +https://www.creditrepair.com/blog/credit-repair/what-happens-to-your-credit-when-you-pay-off-collections-accounts/ + +If you want your score to improve quickly, it would be better to take out a secured credit card with that money instead and only charge a very small about on it and pay it off entirely each month. + +I spent years improving my destroyed credit, and I’m glad I was never told to pay my collections off to improve my score because that would have taken a lot longer. + +Edit* pro tip: if you are planning on paying your collections off anyway, take out a secured credit card first then use it to pay small amounts on the collections each month. If you pay your credit card immediately afterwards you won’t pay any interest on it and you will be establishing a payment history as well as paying off collections at the same time. + +Edit 2: it has been pointed out that I should mention that even if you get the collection removed off of your report, you still owe the debt and it is possible the collector could take legal action against you. I added it up here so that people wouldn’t need to read through the comments to see this information. Thank you to the commenters who requested I include this in the post :) +I don't understand how Brrr actually works in practice. I'm using real numbers of properties that I currently own. + +Income -W2 - 62,000 annually. + +house 1 - bought 132,000 - appraised 176,000 - rents for 1350 / month + +House 2 - bought 151,000 - appraised 232,000 - rents for 1400 / month + +Now I do a cash out refinance -> 80% LTV value of house 1: 176000 \* .8 = 140,800 + +house2: 232,000 \* .8 = 185,600 + +okay here's the part I don't understand when I cash out now I have a loan of 140,800 + 185,600 = 326,400 which is close to the max I can borrow on a 62,000 annual salary. How do I roll that over into house 3 and get a mortgage approved ? + +How do people do the Brrr ? +I’ve seen a lot of comments and posts saying that real estate takes time to grow and requires consistency + +From what I understand from several other posts is that it can take you up to 50 years to get a 100k salary from real estate alone. + +But from what I can infer you are proposing the scenario in which you and you alone work in real estate and start from zero. + +Now by following this process maybe you can retire between 100 properties or a 1000, I’m unsure on this but what I know is this, there’s some people worth more than 5000 properties, he’ll some with tens of thousands or more! + +This leads me to suggest or to question the following. + +Wouldn’t it be a more effective way to grow in real estate if you made a firm/corporation to do so, scaling a business on the grand scheme of things bringing in more profit and capital to expand? + +I ask this since I’ve never seen someone on the subreddit suggest this yet many corporations if not all of them have real estate firms or business with banks. + + +I inspired myself for this post by another redditor who asked advice since he was 18 and wanted a 100k salary +I’m currently 17 +&#x200B; + +[I believe that there is slope change at that vertex. How would I go about finding this vertex algorithmically? Obviously looking at max or min value wouldn't work. Any ideas? Calculating the line of best fit would be difficult as well given that this data is noisy.](https://preview.redd.it/ofayap5ukgg81.png?width=875&format=png&auto=webp&s=747a4b490891891dcf47e3bf16d091307288eff8) + +Some ideas: The first line segment's slope is more defined. Maybe I could use this more defined slope to help me find the next one? +This is a stripped version of the [GME MOASS Thesis](https://www.reddit.com/r/Superstonk/comments/nwqaj0/gme_moass_thesis_summary_20_summarization_of_the/?utm_medium=android_app&utm_source=share) I wrote a while back and refined recently. It is AMC/GME agnostic and is beneficial and relevant to apes on both sides. + +# I. OPENING THOUGHTS + +This is not financial advice. Full disclosure, I am all in on GME (r/superstonk) but I fully support the apes invested in AMC and GME alike. The fundamentals behind each stock's thesis are different, but the apparent levels of abuse from naked shorting in both stocks, in my opinion, make the infinity squeeze theory possible, so I see apes on both sides in the same boat. I am not here to suggest anyone go in either direction or to debate validity on either side, only to break down the factors in play that are relevant to both to hopefully help the broader ape community. + +I am posting this in both r/superstonk and r/amcstock for max ape exposure. Ape not fight ape, apes together strong, diamond f**king hands until we can ride a tidal wave of SHF Tears to the moon. + +# II. INTRO / INTENTION OF POST + +The core intention of this post is to frame the market concepts relevant to the GME/AMC Infinity Short Squeeze Theses in a way that was understandable to individuals inside and outside of the ape community (especially those who are relatively new to the market). It also is intended to serve as a reference to leverage if you are ever trying to explain to someone the mechanics in play and reasoning many have invested in it. + +# III. Personal note + +Feel free to use the contents of this post however you want. Don't worry about asking for permission to copy it, cross-post it, translate it, refine and use it in your own posts, etc. + +Leave a comment if you have any questions. If you prefer Chat or do not meet karma requirements, you can hit me up on chat as well + +>Note that, while I may have a good grasp on the concepts broken down in this post, my background is not in finance, investing, or trading, so there may be some questions I do not have the answer do (especially if they are not called out in this post) + +I have found myself more active on [Twitter](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) than I ever really expected to be, so feel free to [follow me](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) if you want things like the below: + +* Antagonizing Market Adversaries, MSM Shills, etc. +* Meme-ing with SuperStonk and the other Apes in the community +* Getting Notifications for Future DD I post + +# IV. INFINITY SHORT SQUEEZE THESIS (BASIC) / TL;DR + +1. Toxic Market Participants have built up massive [short positions](https://www.investopedia.com/terms/s/short.asp) made through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) +2. Retail caught on to this strategy and discovered it can backfire if the company being shorted does not go bankrupt, especially if shares are bought and held indefinitely +3. Rules and regulations have implemented by the DTCC and its subsidiaries have been geared towards preventing market collapse, as well as to minimize the ability to perform illegal trades (naked shorting) +4. The SEC is also doing more to enforce compliance with the "rules" +5. The manipulators are at the mercy of a vicious trade cycle (t+21 FTD Cycle) that is forcing those with naked short positions to perform actions to [cover](https://www.investopedia.com/terms/s/shortcovering.asp) (buy back shares that are short), or risk regulatory consequences +6. This act of rapid covering drives up the price, making it more expensive to cover during the next cycle if the share price continues to increase week over week +7. Eventually, the prices of GME/AMC will get so high that prime brokers/clearing houses will have no choice but to [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) these participants which most likely will not be affordable due to the nature of [Short Squeezes](https://www.investopedia.com/terms/s/shortsqueeze.asp), causing them to default +8. The [Prime-Brokers](https://www.investopedia.com/terms/p/primebrokerage.asp) will then take on the position, and if the Prime Brokers cannot cover them and also defaults, the NSCC will be next to attempt to settle all positions left over based on their [Recovery and Wind-down Plan (p42)](https://www.dtcc.com/~/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf) +9. If NSCC cannot afford to close everything with the money reserved for this type of situation, they the Fed must navigate the remaining positions (potentially via printing money/bailout) + +# V. KEY CONCEPTS + +These terms are key to understanding the theory and speculated value of a GME/AMC investment. Hyperlinks to [Investopedia](https://www.investopedia.com/), "the world's leading source of financial content on the web", have been included for most market terms and concepts and it is recommended to check them out if they are not clear. We will be breaking down some of the more complex terms and concepts within the post and framing them within the context of GME/AMC. + +Table of Contents for Key Concepts + +1. Stocks Concepts + 1. Share/Stock + 2. Synthetic Shares + 3. Outstanding Shares + 4. Restricted Shares + 5. The Float + 6. Annual General Meeting + 7. Shareholder Votes +2. Trade Positions + 1. Long Position - Buying/Selling Stock + 2. Short Position - Shorting/Covering Stock + 3. Naked Short Position - Naked Shorting/Covering Stock +3. Market Participants + 1. Retail Investors + 2. Institutional Investors + 3. Market Makers + 4. Prime Brokers + 5. Clearinghouses + 6. MSM +4. IMPORTANT MARKET/TRADE MECHANICS (MOASS) + 1. Fails to Deliver (FTD) + 2. Margin + 3. Margin Calls + 4. Margin Calls Who Calls Who + 5. Short Squeeze + +# 1 - STOCKS CONCEPTS + +## 1.1 - Shares/Stock + +[Shares](https://www.investopedia.com/ask/answers/difference-between-shares-and-stocks/#shares) are the smallest unit of a Companies [Stock](https://www.investopedia.com/ask/answers/difference-between-shares-and-stocks/#stocks) + +* Stocks and Shares are often used interchangeably +* Technically "shares" would represent how many of a specific company's stock, where buying multiple "stocks" would main that shares of multiple company's were bought + * ex. I bought 2 stocks; 10 shares of GME, and 60 shares of AMC +* There are different [classes of shares](https://www.investopedia.com/terms/c/class.asp) that are distinguished on their voting rights, sales charges, and other factors + * Classes of shares have relatively complex dynamics, but I will not go further into them here, as it is not as relevant to GME/AMC + +## 1. 2 - Synthetic Shares + +[Synthetic Shares](https://www.investopedia.com/terms/s/synthetic.asp) are the financial instruments that get produced through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) + +* Not to be confused with [synthetic options](https://www.investopedia.com/articles/optioninvestor/08/synthetic-options.asp) positions, which are legal/legitimate trade strategies that "simulate" the profits/losses as if the trader actually held those shares +* Synthetic shares entitle the owner to all of the same rights as an investor owning a non-synthetic share +* Cases where there is an excessive amount of synthetic shares point to the possibility that a stock is being abused or manipulated +* Cannot be easily measured due to limited public transparency at the Market Maker and Prime Broker level + +## 1.3 - Outstanding Shares + +The number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) encompasses the amount of issued shares held by all shareholders (both private and public) + +* It is possible for there to be more shares outstanding through Naked shorting, which produces Synthetic shares +* The number of issued AND synthetic shares outstanding is very difficult to measure, as they are only recorded on the books of the market makers generating synthetic shares and the prime-brokers they trade through + * These parties are not incentivized to be transparent and actively obscure these numbers, as the practice of naked shorting excessively is fraudulent and illegal + +## 1.4 - Restricted Shares + +[Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) include the number of issued shares held by insiders of the company + +* These shares are not publicly traded on the stock market +* RSUs (restricted stock units), which are represented in restricted stock and included in outstanding shares, are not included in the float (like all restricted shares) and they are not entitles to vote + +## 1.5 - The Float + +[The Float](https://www.investopedia.com/terms/f/floating-stock.asp), or Floating Stock is the number of shares of stock that are available to be publicly traded (the number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) minus the amount of [Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) that are owned by insiders). + +* In theory, the number of shares owned by [retail investors](https://www.investopedia.com/terms/r/retailinvestor.asp) and [institutional investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) should not exceed the float + +## 1.6 - Shareholder Votes + +[Annual General Meetings](https://www.investopedia.com/terms/a/agm.asp) basically is an annual meeting that allows shareholders to vote + +* Votes are cast for things like + * Appointment of directors + * Executive compensation + * Dividend adjustments + +# 1.7 - Shareholder Votes + +[Shareholder Voting](https://www.investopedia.com/terms/v/votingright.asp) is a right extended to shareholders holding shares in the stock that entitle the owner to vote on cooperate policies + +* Examples of what votes are cast for + * Appointment of directors + * Executive compensation + * Dividend adjustments +* [Overvoting (info in the middle of this page)](https://www.sec.gov/spotlight/proxyprocess/proxyvotingbrief.htm) + * When there is an overvote, the votes will be normalized to a number based on the amount of shares that are held by DTC + * The official 8K form cannot be officially submitted with an overvote + * When this happens, the SEC and Company are notified + * note that RSUs (most common restricted stock) are not entitled to vote, so the max possible vote count will often be at the float or slightly above it depending on how many restricted shares are not RSUs AND ALSO entitles to vote (not always guaranteed depending on company and the stock) + +# 2 - TRADE POSITIONS + +## 2.1 - Long Position - Buying/Selling Stock + +When an investor buys a stock they are considered [long](https://www.investopedia.com/terms/l/long.asp) on it (this is the type of position most people associate with trading stocks) + +* Not to be confused with a [long-term](https://www.investopedia.com/terms/l/longterminvestments.asp) investment +* In other words, holders of long positions have a **positive** number of shares +* To [close](https://www.investopedia.com/terms/c/closeposition.asp) a long position the owner would sell their shares on the stock market + +Basic flow of obtaining/closing a long position is: + +1. Buy the stock +2. Hold it until the price of it increases to a desired amount +3. Sell it for a profit + +## 2.2 - Short Position - Shorting/Covering Stock + +When a short seller shorts a stock they hold a [short position](https://www.investopedia.com/terms/s/short.asp) on the stock, or owe the party they borrowed from however many shares they shorted + +* Not to be confused with a [short-term](https://www.investopedia.com/terms/s/shorterminvestments.asp) investment +* Investors with short positions effectively are *in debt* or *owe* the number of shares that they have shorted and can be considered ***negative*** on the stock +* To close that position, short-sellers must buy a number of shares equal to the size of their short position (buying to close a short position is known as [covering](https://www.investopedia.com/terms/s/shortcovering.asp)) +* Short positions must be reported to regulators (unlike naked short sales) + +Basic flow of obtaining/closing a short position: + +1. Borrow a share owned by a lender +2. Sell the stock that was borrowed +3. Gaining the cash based on the price it was at the time it was “shorted” +4. Pay interest as a percentage of the stock's value +5. Since this is a percentage the cost of interest increases if the stock's value increases +6. Hold the position until the price has dropped to a desired price +7. Buy the stock on the open market +8. Ideally the stock is bought back at a lower price than originally borrowed for so the investor can pocket the difference +9. Return the share back to the lender + +## 2.3 - Naked Short Position - Naked Shorting/Covering Stock + +[Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) effectively allows a Short Seller, working with a market maker, to short a stock using a without having a borrowed share like normal short selling + +* Naked short sales do NOT have to be reported the same way as normal "Short Sales" and can be "hidden" + * Failures to Deliver the shares that were "fake-borrowed" to the buyer are on of the main ways to find evidence of naked shorting +* Due to a loophole and lack of oversight by regulation, Naked short selling can be used to manipulate the price of certain stocks + * This type of trade illegal outside of specific situations involving Market Makers +* Naked shorting was targeted for tighter regulation during the financial crisis of 2008 but enforcement has unfortunately not been effective in preventing it from manipulating the market + +Basic flow of obtaining/closing a naked short position (kind of complex and involves two specific parties for 2 initial trades called a married put) + +1. A Short Seller "A" buys 100 shares from a Market Maker "Z" who can technically sell them without locating them + 1. Market Maker is Naked Shorting the stock, and the Short Seller is receiving 100 synthetic shares +2. Short Seller "A" now buys a [Put Option](https://www.investopedia.com/terms/p/putoption.asp) (1 options contract is worth 100 shares) from Market Maker "Z" who is the [writer](https://www.investopedia.com/terms/w/writing-an-option.asp) of the put + 1. Writing/selling a put nets +100 shares to the Market Maker, which results in the -100 shares that were naked shorted to be neutralized, so the Market Maker no is at a neutral position (Market Makers generally try to remain net 0 on trades + 2. Short Seller "A" now has 100 shares that can be short sold (they "borrowing" the synthetic shares the Market Maker effectively printed out of thin air), and one put contract that they can make money on as long as the price goes down +3. The steps or the short seller are basically the same as a normal short sale now (2.2 steps 2-8), however, interest from the Short seller does not need to be paid to a lender (no one is formally lending it) + 1. The premium from the put being purchased from the Market Maker is how they benefit + 2. Short Seller "A" now has a short position that they can cover simply by buying 100 shares, which would cancel out the synthetic short position + +# 3 - MARKET PARTICIPANTS + +## 3.1 - Retail Investors + +* Retail Investors, also known as individual investors, are your average investors (not a company or organization) +* Referred to as the "Dumb Money" by Wall Street and the "professional" financial community +* Reddit communities + * Notable subreddits + * r/Superstonk + * r/gme + * r/amcstock + * r/wallstreetbets + +## 3.2 - Institutional Investors + +[Institutional Investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) are organizations that invest on individuals' behalf + +* Examples of Institutional Investors + * Endowment Funds + * Commercial Banks + * Mutual Funds + * Hedge funds + * Pension funds + * Insurance companies + +## 3.3 - Market Makers + +* [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) are very different from "Investors" and are a bit harder to explain but basically are there to increase [liquidity](https://www.investopedia.com/terms/l/liquidity.asp) in the market +* When you buy and sell stock those trades are often going between you and a market maker +* Market makers get "special rules" that enable them to keep liquidity in the market when there is low liquidity +* Naked shorting is one of the options Market Makers have when navigating a trade that other investors do not have + +## 3.4 - Prime Brokers + +* A [**Prime**\-**Broker**](https://www.investopedia.com/terms/p/primebrokerage.asp) is a bundled group of services that investment banks and other financial institutions offer to hedge funds and other large investment clients that need to be able to borrow securities or cash in order to engage in [netting](https://www.investopedia.com/terms/n/netting.asp) to achieve [absolute returns](https://www.investopedia.com/terms/a/absolutereturn.asp) +* [Broker](https://www.investopedia.com/terms/b/broker.asp) vs [Prime-Broker](https://www.investopedia.com/terms/p/primebrokerage.asp) + * A broker is an individual or entity that facilitates the purchase or sale of securities, such as the buying or selling of stocks and bonds for an investment account. A prime broker is a large institution that provides a multitude of services, from cash management to securities lending to risk management for other large institutions. +* [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) like go through Prime Brokers + * The Prime Broker is who would Margin Call Shitadel if their short position gets too large or they bleed too much capital + +# 3.5 - Clearinghouses + +[Clearinghouses](https://www.investopedia.com/terms/c/clearinghouse.asp) are intermediaries between buyers and sellers + +* Finalize transactions +* Regulates delivery of assets +* Reports on trading data + +# 3.6* - MSM (Mainstream Media) + +Though not a traditional market participant (as in they are not trade/financial entities) the [MSM](https://www.investopedia.com/terms/m/media_effect.asp) is worth noting due to its role in influencing the financial atmosphere and landscape + +# 4 - IMPORTANT MARKET/TRADE MECHANICS (MOASS) + +## 4.1 - Failures to Deliver (FTD) + +* [FTDs](https://www.investopedia.com/terms/f/failuretodeliver.asp) occur when a buyer of a stock ends up not having the money to purchase the stock that they traded for OR, **when a short seller does not own the stock at the time of settlement** +* FTDs are one of the main check-balances to naked shorting, so very high amounts of Failures to Deliver are indicative of this + * Spoiler: GME and AMC have tons of FTDs reported + +## 4.2 - Margin + +* [Margin](https://www.investopedia.com/terms/m/margin.asp) is basically credit that that an investor can use to buy more stock +* When you buy on margin you must stake the assets you have already purchased with your own cash as collateral +* The amount of Margin you can have depends on the value of your collateral +* The value of your collateral and cash but meet the margin requirements in order to continue to buy on margin +* Keep in mind the value of your collateral can change if the price goes up or down and if the value of your collateral/cash drops below the margin requirement you will received a [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) Another way to think about it: + +1. Imagine I have $1,000 in stock +2. You obtain a personal loan for another $1000 +3. To get the credit you stake your $1000 in stock (if you default it goes to the lender to cover your debt) +4. You buy $1000 more stock with that loan (you now own $2000 in stocks, half in cash half on margin) +5. You will pay interest on the $1000 on margin but if your investment makes more money than the interest then you are still profiting +6. If your investment turns bad (lets say the price of your stock falls 50% and you are left with $1000) your lender can forcibly close out your positions (everything you bought in cash and staked as collateral along with what you bought on margin so that they can get the $1000 they loaned you back) + +## 4.3 - Margin Call + +* A Margin Call is a notice indicating you have a specific amount of time to deposit enough of your own funds to meet your margin requirement (if you cannot meet the requirement the lender is entitled to sell all of your holdings to recover what you borrowed + +**Margin Examples:** + +>This is a slightly complicated scenario that can be a little hard to follow. Give it a few reads if it doesn't make sense the first time, but basically, Margin is a credit line that you can use to buy more assets (effectively a loan backed by collateral and cash in your own account). If you buy assets with it, you have to pay back what you borrowed, whether the value of your investment goes up or down (if the investment goes up in value, you make more than you normally would, but if the investment goes down in value, you lose more than you otherwise would have without margin). +> +>This gets even more (or less maybe) complicated when you have short positions AND long positions, like most institutional investors. To have short positions, I still need to have margin, but I do not need to use it to buy stocks, It can act as a buffer if I have a short position on a stock that is increasing in value (with a short position, if the price of something I short goes up, I am losing money), and if it gets too high, it can run against my margin line, causing a margin call. + +**GAIN: Long Positions** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement) +3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece +4. If the price of stock XXX goes up to %25 per share, and I sell all 20 shares, I just profited $500 (+$25 on 20 shares) + 1. In this case, closing the position clears me from the margin debt, as I am no longer using it in an open position + 2. If I had not used margin, I would have only walked away with $250 in profit ($25 per share on 10 shares), but instead I made $500, and paid back the credit, plus a little bit of interest. +5. Yay. + +**LOSS: Long Positions** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement) +3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece +4. If the price of stock XXX goes down %25, bringing the value per share down to $75 a share, the value of my total position is now $1500, and the value of my non-margin assets is $750, which is below the margin requirement (keep in mind, I borrowed $1000, so that is still the amount I have to pay back) +5. My lender will give me a margin call, indicating I have two business days to deposit 50$ into my account in order to meet the margin requirement + 1. If I have the cash to deposit the extra $50 would take my assets to $800 ($750 in stock XXX + 50$ cash) + 1. If the price of stock XXX recovered to above $80 per share, it could also satisfy the requirement + 2. If I do not have the cash to deposit, then I am in trouble, as after two days, they are allowed to liquidate (sell) the assets I bought with my own money, as well as the assets I bought on margin + 1. Let's say this happens, all my borrowed assets are sold first to cover my $1000 loan (since the price of stock XXX was only $750, it only covers $750 of my $1000 margin line + 2. I now have $750 left in assets of Stock X, but I still owe money from margin, so my lender is entitled to sell $250 work of my shares in order to get their full $1000 back + 3. I am now left with $500 total ($750 in 10 shares of stock XXX - $250) +6. Not Yay + +**LOSS: Short and Long Positions** + +**THIS IS THE RELEVANT ONE TO GME/AMC** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin +3. Instead of using the margin to buy more, I instead short 10 shares of stock YYY which is at $50 a share currently (giving me $500 in extra cash), which I use to buy 5 more shares of stock X + 1. I am now long 15 shares of stock XXX valued at $1500 and short 10 shares of stock YYY valued at -$500 (negative $500) for a net value of $1000 + 2. No margin is actively committed to open positions, and I am still using my $1000 +4. Now, lets say a short squeeze happens involving stock Y, causing the price to skyrocket to $200 per share + 1. My short position is now -$2000 (10 shares of -$200 each) +5. My net account value is now $-500 ($1500 - $2000) which is now using my margin, and because my account's value is no longer above $800, I no longer meet margin requirements so I get a margin call +6. If I cannot balance my account, the lender will liquidate my $1500 in stock XXX in order to pay the -$2000 I owe, leaving me with -$500 left in debt + 1. I have now defaulted, as I cannot pay the $500 +7. Now that I have defaulted, the lender who gave me margin owns my short positions, meaning they are now short whatever was left + 1. The lender can now navigate the short positions however they want (they can hold them and hope the price goes down, and cover to close them, or they can close them immediately, costing them the whole $500 I still owed) +8. GUH! (Translation if you are not WSB: Ah @#$%) + +## 4.4 - Margin Calls Who Calls Who + +* Margin calls happen at levels 1-4 when the cell to the left cannot meet margin requirements + * Broker Margin Calls Retail Traders + * Prime Brokers Margin Call Brokers, Hedge Funds, and Market Makers + * The NSCC Margin Calls Prime Brokers +* Defaults roll up left to right + * If Retail Trader defaults, Broker must take on their leftover positions + * If Broker, Hedge Fund, or Market Maker defaults, the Prime Broker must take on their leftover positions + * If Prime Broker Defaults, the NSCC must take on Position + * If the NSCC Defaults, the Fed must take on the position + +|Level 1|Level 2|Level 3|Level 4|Level 4| +|:-|:-|:-|:-|:-| +|Retail Trader|Broker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Market Maker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Hedge Fund|Prime Broker|NSCC (DTCC)|Fed (JPOW)| + +## 4.5 - Short Squeeze + +* A [Short Squeeze](https://www.investopedia.com/terms/s/shortsqueeze.asp) is a market event that occurs when there is a large short position on a stock whose price rapidly increases higher than expected, normally due to a catalyst +* During the short squeeze, the losses of those who have short positions continue to increase higher it goes + * Since they **owe** shares, the cost to cover their position increases depending on how high the price goes (there is theoretically no limit on how high a stock can go) +* As market participants who are short on the stock buy to cover, supply decreases and demand increases, causing the price to increase even more rapidly +* While short sellers are scrambling to cover their positions, the rapid price change may entice investors who are not short on the stock to buy it in order to make a quick profit + * Again, lowering supply and increasing demand + +# VI. CONCLUSION +There is no real way to do a TL;DR here. I have used this content in previous posts and it has been pretty well-received, I am confident you will not regret reading it when you have a chance. If anything is incorrect, confusing, or not comprehensive, please let me know and we can see if we can continue to refine this and continue becoming smarter apes. + +I'm hoping the GME/AMC, Superstonk/amcstock conflict/tension among eventually dies down and we can all agree that we are all apes on the same side against a toxic market, and that neither community benefits from fighting each other. I sincerely believe this conflict was rooted in non-maliciously intended misunderstandings that were successfully exploited by advanced shills operating with the intent of dividing the communities. + +Apes on both sides are resolved and committed to the stock they like (approach is the same regardless of "why"), and no matter which of the two you are holding, if you keep holding, the toxic market participants are going to break and we will win this. + +# VII. TL;DR +The main point of the post is to read and understand section V, but here is section IV to act as a TL:DR +1. Toxic Market Participants have built up massive [short positions](https://www.investopedia.com/terms/s/short.asp) made through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) +2. Retail caught on to this strategy and discovered it can backfire if the company being shorted does not go bankrupt, especially if shares are bought and held indefinitely +3. Rules and regulations have implemented by the DTCC and its subsidiaries have been geared towards preventing market collapse, as well as to minimize the ability to perform illegal trades (naked shorting) +4. The SEC is also doing more to enforce compliance with the "rules" +5. The manipulators are at the mercy of a vicious trade cycle (t+21 FTD Cycle) that is forcing those with naked short positions to perform actions to [cover](https://www.investopedia.com/terms/s/shortcovering.asp) (buy back shares that are short), or risk regulatory consequences +6. This act of rapid covering drives up the price, making it more expensive to cover during the next cycle if the share price continues to increase week over week +7. Eventually, the prices of GME/AMC will get so high that prime brokers/clearing houses will have no choice but to [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) these participants which most likely will not be affordable due to the nature of [Short Squeezes](https://www.investopedia.com/terms/s/shortsqueeze.asp), causing them to default +8. The [Prime-Brokers](https://www.investopedia.com/terms/p/primebrokerage.asp) will then take on the position, and if the Prime Brokers cannot cover them and also defaults, the NSCC will be next to attempt to settle all positions left over based on their [Recovery and Wind-down Plan (p42)](https://www.dtcc.com/~/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf) +9. If NSCC cannot afford to close everything with the money reserved for this type of situation, they the Fed must navigate the remaining positions (potentially via printing money/bailout) + +# VIII. Hedgies, velkommen til helvete. Vi kommer for tårene dine. +There are three fairly basic ways that new traders lose money in 2021: + +**1)** They read some elaborate post about how some piece of garbage stock is the next MEME explosion. To their newbie eyes the extensive DD looked convincing, and the stock is *only* $10 a share right now, so they they buy 1,000 shares. And then they average down another 1,000. Two months later they are being told by the same people that were wrong about their DD to begin with, to hold on to the now, $8 stock. Even worse, they now believe that selling that stock is "exactly what the evil hedge funds want you to do!". A few months after that they are questioning their life choices and stuck with a useless $4 stock. + +**2)** Most YouTube videos are geared towards trying to sell you a method of Day Trading that is based on *Gap n Go* strategies. These methods, while real, are far more difficult than they are made to appear, but yet they are very marketable (i.e. "how to turn $5,000 into $50,000!"). Instead what happens is new traders become singularly focused on finding low float, highly shorted stocks that jump up after the open, convinced they are moments away from the next big score. Once again, months later they are questioning their life choices and stuck with an account that has dropped far below the PDT requirements + +And finally that brings us to OTM options: + +**3)** Slightly more sophisticated than the first two methods of losing your money, this one requires actual thought and analysis. + +The appeal is obvious - they are cheap. And if the stock explodes those options can double, triple, etc in value. + +Here's why they don't work - The options themselves have no real value other than the pure premium you are paying. When *buying* options, your goal should always be to pay as little premium as possible. Ideally you would have options at total parity (i.e. Stock is at $100 and the $99 Call Option is worth - $1). + +Simple formula here for ITM Options - (Strike Price + Option Price) - Stock Price = Premium you are paying. + +Simpler formula for OTM Options - Option Price = Premium you are paying. + +So let's take an example - + +You like **CSCO,** it is smart pick, the daily chart looks good, it is past earnings (and seriously, please stop holding options over earnings) and looks like clear skies ahead. Two choices: + +56 Strike Call, Expires Aug 27th for $2.35 + +59 Strike Call, Expires Aug 27th for .30 cents + +Let's say you are going to spend $500 - so you can get 2 of the 56 Calls or 16 of the 59 Calls. + +If next week CSCO hardly moves at all (current at $58.22), your 56 calls will be worth $2.22 - a loss of only 13 cents per call or $26. + +However, in that same scenario, your 59 calls will expire worthless, a loss of $480. + +OK, let's say CSCO goes up $1 next week, it is now at $59.22 - + +Your 56 Calls are now worth $3.22 (at expiration), a profit of .87 per call or $174. + +Your 59 calls are now worth .22 a loss of .08 per Call or -$128. + +**OTM Options place heavy lifting on the stock to get you to profitability. You are betting on a huge move in the stock that pull your options ITM faster than Theta strips away their value.** + +***You are almost always better off going with ITM options, that have a Delta of .6 or higher and are at least a week out, if not more.*** + +In fact, if you just stuck to these three rules it would increase you likelihood of success a great deal: + +**1) Do not trade Options over earnings, trade them before, trade them after, but do not hold them** ***over*** **the earnings announcement.** + +**2) Do not go for the cheaper OTM options, instead choose Calls or Puts that have a higher Delta and are farther out in time.** + +**3) Do not trade Option Spreads unless you know how to leg out of them if they do not go your way.** + +(the 3rd one may seem like a small issue, but the number of people that get stuck in spreads they do not know how to exit is alarmingly high). + +This advice may seem basic to some traders here, but if you look at the posts on this forum you will quickly see that the foundational rules you may have been following as a trader aren't as obvious as you think. New traders clearly do not know these basic principles and we should stop assuming they do. +does the attention that $UWMC has gotten from WSB put anyone else off from buying the stock along with the uncertainty of the housing market keeping up the pace. Thoughts? + Dividend (QYLD, JEPI, SCHD, ENB, BNS etc.) vs Growth equities (SPY, GOOG, AAPL, DIA, FB etc.) + +While it is true that many growth stocks pay some dividends but in general these stocks and ETFs are bought for their long term growth potential. + +Dividend equities on the other hand are mainly for dividend income or dripping. Growth is not the primary driver here. + +I am heavily into dividend stocks so my ratio of Dividend to growth equities is like 95% to 5% + +How about yours? +I have been a fan of Jon Stewart for a very long time. The man is articulate, hilarious, inquisitive, and from what I have seen, all about the little ape. He has interviewed hundreds of important and powerful people, asked hard-hitting questions, and generally refuses to back down. Imagine the wealth of information he could provide! + +Obviously, this process starts by asking apes if it is something they would be interested in, and if it is, it would be up to the mods to decide if it is appropriate. THEN someape would have to try to get ahold of him to see if he would even be up for it. Maybe it's just a pipe dream, or maybe I don't know as much about his character as I thought I did, but I figured I'd at least put the idea out there for apes to discuss. After all, it is these very discussions that have gotten us this far! + +What say you, fellow apes? + +E: John-->Jon. Can't change the title though. Stoopid auto-correct. +Yesterday and today was very reminiscent of the rocket price action that commenced on May 12th that ultimately brought us to a price of $344. + +Today was also a day where we got to experience a crime-free day of trading where we saw an astounding $20 increase on just 2.5 million volume. + +I don't know about y'all, but my tits are so jacked that both my nipples have pierced the moon. +TL:DR – If you buy an item and the seller sends one that differs significantly from the description or is defective, you have the right to reject the item and require the seller to retrieve it at their expense - no matter what the seller’s return policy says. You also have the right to a full refund. Rightful Rejection is part of most state law and based on the Uniform Commercial Code. It is also written into Visa International’s rules. Don’t believe Citibank representatives or anyone else who tells you otherwise. +________________ + +Edit: Thanks for the gold, mysterious redditor. + +A few months ago I purchased an item from a online site and used my Citibank Costco card. Rather than the new item I purchased the company sent a used one that had obvious damage and signs of rough handling. I notified the company immediately and asked the seller to retrieve the item. The company refused to take the item back unless I paid both return shipping and a 20% restocking fee. This would have resulted in my having to pay almost 33% of the purchase price (without insurance) just to return a used item that should never been shipped in the first place. It would also have made the successful shipment and receipt of the item my responsibility. If it were lost or damaged in transit it would be my problem. + +When I went to chargeback the item the Citibank representative insisted that I was required to send the item back at my expense and was required to pay the restocking fee because I was subject to the company’s return policy. She said I was required to return the item before disputing the charge. I initiated a chargeback anyway with a different rep. + +Sure enough Citibank found in the company’s favor and reversed the chargeback. In their **written** response Citibank said that since I had not returned the item at my expense the chargeback was not valid. + +I spoke and chatted with no fewer than 9 different Citibank representatives during this dispute and every single one said that I had to send the item back at my expense and was subject to the seller’s restocking fee. When I pointed out that both state law and Visa International rules say otherwise the representatives that responded said that Citibank was not subject to either and followed their own rules. + +While Citibank may not be required to enforce state law in this matter, they are required to abide by Visa Merchant Rules and cannot require the customer to absorb return costs or pay a restocking fee when the customer has refused an item for a valid reason. They must abide by Rule 53 of the Visa Merchant Code: + +**Visa Merchant Code Rule 53 – Not as Described or Defective Merchandise.** + +Definition - The card issuer received a notice from the cardholder stating that the goods or services were: +• Merchandise or services did not match what was described on the transaction receipt or other documentation presented at the time of purchase +• Not the same as the merchant’s verbal description (for a telephone transaction) +• The merchandise was received damaged or defective +• The cardholder disputes the quality of the merchandise or services +• The merchandise was identified as counterfeit by the owner of the intellectual property or authorized representative, a custom’s agency, law enforcement agency, other governmental agency or neutral bona fide expert +• The cardholder claims that the terms of the sale were misrepresented by the merchant + +**For this reason code, the cardholder must have made a valid attempt to resolve the dispute or return the merchandise. An example of a valid attempt to return may be to request that the merchant retrieve the goods at the merchant’s own expense.** + +Mastercard and Amex’s merchant agreements have similar provisions. + +I reinstituted the chargeback and insisted Citibank abide by applicable Visa International rules. After hours on the phone and extensive documentation of my claim they finally found in my favor. The entire process took months and was ridiculously difficult. + +Later I received a letter from Citibank’s executive office in response to a complaint about the misinformation spread by Citibank’s representatives and they “respectfully” denied that any misinformation was provided, despite the fact that they had done so in writing. It was that letter denying what the company had said repeatedly that led to this post. In my opinion when company representatives consistently provide false or misleading information it is done deliberately and with the blessing of corporate management. That seems to be the case with Citibank. + +Don’t allow an unscrupulous credit card issuer like Citibank to deprive you of your rights or cost you money you aren’t required to pay. +I’ve [made $325,000 in 3 weeks](https://imgur.com/gallery/ls15gX3). + +I called [Zillow ($Z), SeaWorld ($SEAS)](https://www.reddit.com/r/wallstreetbets/comments/fi03cg/dd_yes_you_can_buy_puts_on_zillow_z_right_now/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf), and many others over my time here. + +Up until yesterday, I thought I was done. All the IV priced in... time to watch the world burn. + +Until something pretty caught my eye on the way out the door. ULTA ($ULTA). + +Would you believe it if I told you they have a market cap of $11B? And 1,124 stores? + +How do you think retail is going to fare over the next 1-2 years? How about a place that sells shit you can find on Amazon? + +Retail dying is axiomatic at this point... how ULTA is still standing, at this valuation, after withdrawing guidance announcing the closure of all their stores, is beyond me. + +I made a $40k bet, 4/17 $125 Puts at $9. + +Proof in top link. I believe we will see sub-$100 in next couple weeks. + +Best of luck everyone. And remember, stay safe, and just don’t dance. + +EDIT: + +For those of you claiming PnD, [I’m still here. ](https://imgur.com/gallery/Kpz3hFF) 💎🖐🏻 fellas. + +EDIT 2: + +Unlike my dad, [I’m not leaving you. ](https://imgur.com/gallery/OS5NRRS) + +Edit 3: + +This might fly in the face of Edit 2, but wanted to be transparent I’m at every step here. Holy shit Reddit, y’all are savages! You took an underlying equity that was $20 out of the money, and kissed it up to the strike, within a few hours. As any responsible trader should do, and in times of every increasing importance during a recession, I [halved my position](https://imgur.com/gallery/5H12SkX), moving from 40 to 20 contracts. I spent $36k on the play, cashed out $39k, and currently have $42k remaining that I am now riding out risk free. + +Remember the saying... “Pigs get fat, Hogs get slaughtered”. If you’ve made more than 50% on your money today, there is no harm or shame in taking some off the table. If my prediction plays out and we get into double digits, I’ll have again, and ride out the rest until a $50-$75 range, should that happen. Best of luck everyone, and stay safe and smart out there! + +Edit 4: + +[We’ve made the news!](https://imgur.com/gallery/GkXyZq3) + +Edit 5: + +So it looks like circuit breakers may be triggered shortly in futures. If this holds, Thursday may be the capitulation day we’ve been dreading / waiting for. This may print some serious numbers, at the collective expense of our economy. Wild times fellas... God save the Queen. +So I've read some articles on the Greeks and what they represent, but can someone ELI5 why or why not the following would be a good investment strategy. + +Considering the S&P typically gains 6-10% annually, would it not be a reliably good bet to place ATM calls for one year out on general ETFs like SPY? +I would like start with Michael Burry's view on index fund: + +“This is very much like the bubble in synthetic asset-backed CDOs before the Great Financial Crisis in that price-setting in that market was not done by fundamental security-level analysis, but by massive capital flows based on Nobel-approved models of risk that proved to be untrue.” + + +Here is what I feel when we talk about actively managed funds, mostly fund managers buy/sell underlying assets with due diligence, avoid buying overvalued stocks and avoid illiquid stocks because it might create problems later while selling. + +On other hand for passive funds, fund managers are bound to invest more and more in same proportion even though stocks are overvalued, have to invest in illiquid/poorly performing stocks of index. + +What is your take on index fund/etfs ? +I frequent reddit as a lurker more than a poster. I had forgotten about a post I made in regard to my financial situation upon graduating from PA school 7 years ago. [https://www.reddit.com/r/financialindependence/comments/227cwa/please\_critique\_my\_plan\_for\_after\_graduation/](https://www.reddit.com/r/financialindependence/comments/227cwa/please_critique_my_plan_for_after_graduation/) + +Reading it was weird, as I actually put in to play the things I said I wanted to do and I have completely changed my approach to money, versus how I was prior to graduation. Long story short, I was graduating with roughly $150k in student loan debt and if I remember correctly close to $20k on a used luxury car. + +The short version is... I have successfully brought my personal net worth from -$170k to now $500k in 7 years, roughly a $670k net gain. My income began at near $100k and never exceeded $135k. I live in a medium COL area. I used basic principles and no fancy investing. + +\-I was able to secure three jobs out of school and for the first two years sometimes worked every single day of the month, without a day off. I did this to purchase my first home (a small townhouse) and catch myself up on bills and savings. + +\-I sold the luxury car and bought a base model Honda Accord. + +\-I maxed my retirement accounts. I only recently began an after tax account. + +\-I kept my first home when I bought my current primary residence with my now wife. My mother lives in my first home and pays the bills. It does not cash flow, but I gain equity and a write off, more importantly she has a secure place to live. + +\-I cut all my bills to as low as possible. We currently have a cheap cell phone plan and internet only. Our monthly cost is less than $90. We use old phones that are paid for. + +\-I refinanced my student loans 3 times to get to an eventual rate of 2.4%. I aggressively paid them down despite the low interest rate, as I was looking for lifestyle freedom more than total returns. I am aware keeping the loans and investing the money would of netted me more in the last few years. + +\-I utilized every credit card bonus I could. I would use 0% interest credit cards as "short term loans" and use them for all my purchases, while paying down against my debt with my cash. I would then take another out when one was close to being over with the 0% period and pay the original off. This saved me small amounts of money, but built a credit score that hovers in the low 800's. + +\-I invest in broad based index funds in all my accounts. + +Everything was very basic. I lived well below my means, I maxed out tax advantaged investment vehicles and paid off my debt. We have been fortunate enough that through doing all this my wife can be a SAHM to our 1 year old and we do not have to stress about money. I have also been able to leave my original job and take a job much closer to home, with shorter hours, even though it pays less. I am not FI at this point, however we were able to create a debt free situation that allows one of us to stay at home and raise our child and the other to take a pay cut for better hours/commute with more time at home. + +I can say that I learned the majority of these concepts through MMM and financial posts on Reddit. I am appreciative and wanted to give back a success story on how much the basics work if you just stick it out. + +TL;DR Living below your means, paying off your debt and investing in index funds pays off. + +&#x200B; + +Edit: I rarely post on social media and am surprised at such a response. I mainly posted this to show that nothing fancy needs to be done to still have some financial success. No GME, no day trading, etc. To clarify a few things: + +Salary- It is higher than average which allows a higher savings rate. I get that. I do agree it would of been harder on a lower salary. I think its clear that higher salary leads to more money to invest, which leads to higher net worth. That being said, in the north east, I feel like there are many people at or near 100k salaries. I have 3 friends who make over $100k who are not in health care. One has a bachelors degree in engineering, one went to one of those automotive schools advertised on TV and is a mechanic, and one dropped out of college and worked his way up at Walmart. You can make money without an advanced degree. All of these individuals have net worths near or above mine, as they have been working longer and did not have the opportunity cost of many years of college plus high tuition. + +Breakdown of net worth- I have $360k in investments/cash and $140k in home equity between 2 homes. My wife's finances are separate. We have a combined net worth of $750k. + +401k- I received a 5-6% match depending on the year, likely contributing $45k + in just base investment to my 401k. Unsure what that has added with returns. + +I do realize I have been fortunate to have invested and purchased real estate during a time of economic growth. Regardless, the principles don't change. Live below your means, take advantage of tax advantaged accounts, pay off debt and invest. I feel like whether it's Dave Ramsey, MMM, ChooseFI, The Money Guy (my current favorite), that it is all the same core message. + +&#x200B; +I'm hesitant to give away my information. I don't see why they would need it. We have lived together for 4 years, we own our own cars, and have separate insurance policies. They said they need proof that I'm insured since we're in the same household? That seems weird to me. + +EDIT: Thanks everyone for the information! I looked into it, we can get a policy together for about $60 less per month than we were paying for our separate policies. Two birds, one stone! + +EDIT 2: Wow, this thread really blew up. For all of those curious, the insurance agency stated that it was state law (WI) and that he could be denied coverage if he did not provide my information. He did, and sure enough, they raised his premium. Only about $15 for the six months, but still. Thanks to some of the recommendations I received here, I found out that we could get a policy together, plus bundle our renters insurance, and save a good amount of money. However, I should say that while Progressive provided me a quote, State Farm would not because we are not married. We've both had Progressive for years though, so we'd prefer to stick with them. Thanks again to everyone who contributed to this thread. Moral of this story: insurance is BS. +I stepped away today to take a break in anticipation of today’s T-21. I return to a sale price; what a shame. 😉 + +Rather than the clinching of fists and the gnashing of teeth, I decided to do a little research and am fairly confident that T-21 occurs tomorrow due to the new federal holiday. This addresses SEC business (not specific to T-21). We don’t hype dates here but information is always good. 🚀 See below: + +“The SEC’s EDGAR filing system is closed today for the Juneteenth Holiday. Because today is a federal holiday, today will not count as a business day in the filing periods in Rule 424(b) under the Securities Act. This is also helpfully noted in the SEC’s announcement of an EDGAR filing holiday at: SEC.gov | EDGAR Will Be Closed Friday, June 18, 2021. + +What about the time period between pricing and settlement of a debt security, such as a structured note issued off of a medium-term note program? This is usually 2-3 “business days,” as defined in the relevant indenture. A typical “business day” definition for a fixed rate debt security in an indenture reads “’business day’ means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in the City of New York. **” Because today is a legal holiday, it will not be counted for purposes of the settlement period. We don’t have to reach the question of whether or not banks in New York City are open, as many banks are open today.”** + +Source: https://www.jdsupra.com/legalnews/is-today-a-business-day-7290493/ + +Edit: I just wanted to note that this is marked opinion for a reason. And even if it doesn’t pop tomorrow. It’ll still be a great day because it doesn’t cost me to hold. + +Edit: Was made aware of a similar post with additional rationale here: https://www.reddit.com/r/Superstonk/comments/o77jm5/i_had_a_thought_it_really_hurt_but_what_if_i_told +Looking for the next household name from BSC? This is it! + +World record holding launch, 100% rug proof, unbeatable tokenomics, weekly AMA’s, and the strongest community you’ll ever find barely even start to describe this sleeping monster! + +🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 + +🔥 30% burn on launch! + +🔥 41k holders! + +🔥 Certik and Solidity audits crushed! + +🔥 4% to liquidity locked 79 years + 4% reflected to holders! + +🔥 Contract Renounced! + +🔥 Doxxed Dev Team! + +🔥 RUBIC will soon allow ULTRA cross chain swaps + +🔥 LP Staking & NFT Marketplace finalizing now! + +🔥 Endorsed by UFC Hall of Fame Light Heavyweight Champion Rashad Evans! + +Don’t miss this opportunity! + +🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 + +Website: https://ultrasafe.finance + +Chart: https://www.dextools.io/app/pancakeswap/pair-explorer/0x48bac97d5e3116626a56704be7399e1cb593a945 + +Buy Now: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a + +BSCscan: https://bscscan.com/address/0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a + +Telegram: https://t.me/UltraSafeOfficial + +Discord: https://discord.gg/nq63ERAt + +Twitter: https://twitter.com/ultrasafebsc?s=21 + +Reddit: https://www.reddit.com/r/Ultrasafe/ +I started investing in crypto in 2017 with only a few thousand bucks and a debt that would take about 10 years to be settled. At the time, I couldn't imagine how to get out of this situation and decided to go all in into crypto. + +Thanks to A LOT OF WORK obviously, a few successful trades, airdrops and especially the daily reading of the Reddit forums (which made me keep hope in the Long Winter), I managed to settle the last debt a few weeks ago. + +I was inspired by the post from the guy who became a millionaire thanks to crypto, and I'd like to celebrate this little victory with you too! + +Now it's time to start accumulating again! Once more, thank you! + +— + +EDIT: Some updates answering most asked questions: + +&#x200B; + +1. Yeah, I paid the taxes. +2. About jumping out in a bull market: + +I know, but I couldn't wait any longer... the bank I owed wouldn't open a checking account that became necessary because of a business contract. I have 2 employees depending on this contract. =\] + +3. Some highlights of these 3 years: + +Please, this is not a financial advice. + +I started reading a lot about BTC and other top10 coins. Invested in some alts because, for me back in 2017, BTC was also too high at 10-20k. + +So, I picked up coins with a good product/idea and company/team behind it. Examples are: IOTA, XRP (at least in my first readings), XMR. Because I joined in quite early, I didn't lose money with XRP, for example, but I did with IOTA (because of the timing). + +In the bear market, I put some money in BTC as well -- monthly, yeah. Then, started to look for microcap projects, such as BOMB, Parachute token, Uptrennd, XIO etc. Making part of these microcap communities is a good way to make some extra and know some good people. Of course, be very aware of scams. + +Today, I wish I could have done some things different: + +1. Don't fall in love with an asset (and sell or exchange them for profit); +2. Bitcoin is the most resillient coin around, so it would be much less stressful if I had more BTC instead of alts; +3. Don't be too greedy and profit all over the bullrun; +4. DCA is the best strategy, as most of you pointed out; +5. Don't hodl when the bear market starts (these were the longest 3 years in my life lol). I would sell everything back in Q1 2018 to return months or years later. + +Thanks for your kind words. And yes, this is why we crypto! +I was in a small chat WhatsApp group discussing recent investments and discussed my new Dividend portfolio. The vitriol I received was so weird. Some were saying that "dividends are a sign of a dying company" and "why would I get paid to hold a weak stock?". I get there are mixed views on age and dividend investing, but everyone has different strategies and it's my money so why do people get so emotional over what I'm doing with it? + +I don't get what happened to trading and investing communities over the last 3/4 years, but seems like it used to be everyone just doing their own thing, happy to discuss it, and not quite as factioned as it is now. It's a little sad as there seems to be a lot of bitterness killing what could be a much more fun and discussion filled sector. +Update: created a new post with 5/11 EOD Data here: [Delta Neutral Price Update with EOD Data Thru 5/11](https://www.reddit.com/r/Superstonk/comments/na952e/gme_delta_neutral_price_update/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Update with 5/10 EOD Data: + +I finished processing the 5/10 EOD data and have some updates to share. The Delta Neutral price dropped from $143 to $135, so unfortunately this may drop some more tomorrow with $135 as the floor. These stats are looking more like the 4/12 drop than the 3/24 drop. Good news is the max pain/gamma neutral didn't drop much, and the total market gamma is negative which does good things for squeezes! I added some stats from my dashboard back through 1/4 so you can see this price drop compared to prior, in addition to the updated graph with the 3/10 data (enhanced with the max pain/gamma neutral for you). + +&#x200B; + +[Dashboard Stats - 3\/10 thru 5\/10](https://preview.redd.it/66voenqbzcy61.png?width=1841&format=png&auto=webp&s=4fc92ec8785f3c2f486d499d365912575b733dc4) + +&#x200B; + +[Dashboard Stats - 1\/4 thru 3\/9](https://preview.redd.it/twtax06jzcy61.png?width=1843&format=png&auto=webp&s=28487779f66cab61c7df0020529da13bae19749b) + +&#x200B; + +&#x200B; + +[GME Graph through 5\/10 EOD](https://preview.redd.it/zalc480vzcy61.png?width=910&format=png&auto=webp&s=62baff4131d1039b7133f74e1ec724091318c54a) + +&#x200B; + +Original Post with 5/7/ EOD Data: + +I have been tracking the GME price against the Delta Neutral Price ( underlying GME price that creates a total market delta of 0 across all GME options data). + +As shown below, it has historically bounced off the delta neutral price. My calc relies on open interest, so I can only calculate this metric end of day. My Delta Neutral price for GME was $143 on 5/7 end of day, so will be interesting to see if the GME price bounces off $143 today and ricochets back up. + +[GME Close versus Delta Neutral Price](https://preview.redd.it/vcj0ymks9cy61.png?width=910&format=png&auto=webp&s=b45791ad73deb2706c3c7ff5e1213da2245d3550) + +edit: I track this and other metrics, like gamma neutral/max pain for all equities with high options volume, and this kind of behavior is common for the underlying equity price versus the delta neutral for the stocks I track (ones with high options volume relative to equity volume). + +My general theory is that as the underlying approaches the delta neutral, the call options have a flash sale. As people buy up the call options, MM have to buy the stocks, which shoots the price back up. I can see this in the options volume for days on/after times equity approaches the delta neutral. Just my theory though, I haven't found much outside research on this topic. +First time poster here, not sure what details need to be shared. + +My new job isn't a multi-million dollar job (or even close to that really) but it's a huge step forward financially. I've always lived paycheck to paycheck and I want to break that cycle and I really feel like this is my chance to grow up and take control. But I have no idea how to do that and I'm worried about how to handle the flux of funds. I wouldn't say I'm horrible with money but I would say I don't have much knowledge or any type of relationship with it. I have debt (student loans, car loan, credit card) that right now I have a good handle on, never missed a payment and on track to pay off in time. To add to that I really want to start building a savings and buy a house. + +I was going to start by taking a self-lead personal finance course, is that the best route? + +Edit: I want to thank everyone for their insight. Many good ideas have been shared. My week days get busy so I'm reading the comments and will comment back soon with questions. Thanks again. +Let's see your funniest memes and comments. + +1. Top voted comment at the end of the week gets a $50 GameStop gift card. +2. 2nd highest comment gets a $25 GameStop gift card. +3. I know what you're thinking, "paulcylo, that money would be better spent on DRS'ing more shares". Soooo I will add up the upvotes on the top 3 comments and DRS $1 for each upvote. + +Deadline is Friday, August 5th at 4pm EST. + +Limiting the upvotes thing to $5k, that's all I can afford right now. + +If I don't post proof by Saturday afternoon, please ban me. +EDIT: **[Great In-depth article via Cloudfair](https://blog.cloudflare.com/bgp-leaks-and-crypto-currencies/) ** + +I have been following this MyEtherWallet issue today and I wanted to clear some things up as there is some misinformation out there. + +BGP, is a IP routing protocol that service providers use. This directs where your traffic goes. DNS resolves a domain name e.g. google.com to its IP, but in this case still relies on the correct IP path. DNS was only a means of accomplishing the attack, not the reason for it. MyEtherwallet.com was not hacked, nor their DNS servers. + +The bad actor or actors propagated malicious BGP routes throughout the internet. This requires access to very important systems outside the control of Amazon, Google, and MyEtherwallet. These routes contained incorrect directions for traffic destined to Amazon’s DNS servers. This now re\-routed traffic was pointed to a DNS server in control of the attacker which had the bad records that pointed the user to another web server \(outside the control of all parties beside the attacker\) that hosted a copy of a malicious MEW web page which stole funds. + +Google’s public DNS server is not authoritative for all DNS records. It depends on Name Servers that are. Unbeknownst to Google’s name server, it continued its job looking up what it saw as valid records. The path in which it took to look these records up \(among other name servers\) was manipulated by the attackers. The attackers could have used a valid certificate on the fake site, but did not for some reason + +That said + +* MyEtherwallet stated on reddit and via twitter Googles Name servers were hacked, they were not. Neither was theirs \(Amazon\). By the nature of the attack, a completely different name server gave out the incorrect records. +* MyEtherwallet.com could not shut down their site during this attack, it would have no effect. +* The certificate warning was a clear and obvious warning. Never use a site that has one. The attackers could have used a valid one. Don’t assume a valid certificate means the site is safe in the future +* You are not impacted by this if you have not used the site in\-between 11am to 1pm UTC today +* You do not need to log into MyEtherwallet.com to see if you lost funds. You can simply go to etherscan dot io to check your balance. +* If you used your Trezor or Ledger, you are fine. The only possible issue with hardware wallets is redirection of funds that were sent during the time of attack. There have been no reports of this yet. Just check your public address to see balance. +* If you don’t have a hardware wallet, get a copy of myetherwallet from github and use it locally on a clean machine and/or use it with a full node. Or use something else + +[https://doublepulsar.com/hijack\-of\-amazons\-internet\-domain\-service\-used\-to\-reroute\-web\-traffic\-for\-two\-hours\-unnoticed\-3a6f0dda6a6f](https://doublepulsar.com/hijack-of-amazons-internet-domain-service-used-to-reroute-web-traffic-for-two-hours-unnoticed-3a6f0dda6a6f) + +[https://arstechnica.com/information\-technology/2018/04/suspicious\-event\-hijacks\-amazon\-traffic\-for\-2\-hours\-steals\-cryptocurrency/](https://arstechnica.com/information-technology/2018/04/suspicious-event-hijacks-amazon-traffic-for-2-hours-steals-cryptocurrency/) + + https://twitter.com/InternetIntel/status/988841601400270848 +I’ve shilled NFTs here before, many of them, but I am coming back with another one I also found here that’s at ILO and the absolute floor of price. I’m going to explain to you why NFTs are valuable, and why you should be interested in them. No, NFTs are not just tokenized Pepe the Frog images that sell for 10 eth you could’ve just gotten on Google images for free. NFTs present the possibility for the tokenization of anything and everything. Some have quite smartly claimed NFTs present an easy chance for ownership rights and transfer of copyright more easily through sales. This is true. But as someone who has worked in supply and logistics as well as procurement for a large multinational I can tell you that the ability to easily contain the entire information of anything through its supply chain right up to and including the customer, and have it all lay inside the receipt of said product is not necessarily game changing, but it is an inevitable use case that will form the backbone of global supply chains one day whether we like it or not. And that means we can get in early on projects that will not only one day increase in speculative value, but have real world use cases and demand to drive even greater value. + +&#x200B; + +Market analytics are insane these days, and conscious consumers are everywhere. People want as much information about whatever they are buying or might buy as possible. Do we need to know everything? No, but NFTs form the database for any single product to be amended and edited as the product develops. Hell, even for data to transfer from raw inputs in manufacturing right through to the consumer. Imagine being able to scan a code on a box of sneakers and know how much the workers were paid for making the laces in a third-world country. Or what the carbon footprint was for the item to get to you, and then being able to compare these in the market and find the best item given your values and parameters (do you want developing workers to earn a fairer wage, a lower carbon footprint, better quality raw sourced material, fairer wages on the retailer side, etc). You won’t need to search massive databases of information; software will do it for you. Imagine being a manufacturer and purchasing raw inputs and instantly receiving the quality control information in your receipt, or being able to feed the NFTs from your raw inputs into new NFTs. This is what NFTs can do as they can become a store of information for consumed and purchased goods all the way through the supply chain to the consumer, and even across different products (wheat, to flour, to a cake, to a cake shop if and when merging NFTs can take place). Basically, if you’ve worked in a large company, or even been a seller on Amazon, you’ll know how extensive the analytics can be. There are essentially parameters for everything. NFTs allow you to more easily ensure any potential source of useful information related to the items are kept stored and transferred perfectly with said items through the supply chain because the information is literally a part of what you are buying. As someone who has run a mid-size company, being able to instantly get all the information I need in a single resource which can double as the receipt for invoicing and tax purposes is insanely useful, even more so if you can then add to the parameters from your own manufacturing and then pass that coupled information onto the next supplier, consumer etc. + +&#x200B; + +In fact, the NFT itself could not only be the database but the receipt and quite possibly the purchase. In future you may not even buy products, but the NFT of the product and then the product shows up on your door (gas prices willing). There are also other things like governance through these NFTs which will allow real-time analytics and research between suppliers and manufacturers, and even consumer consensus on business decisions so companies can better please their markets/buyers. Imagine if you wanted to know how moving your manufacturing to another country, or how your contracts might be affected if you changed your refining process for a product. You can proportion governance relative to sales volume and NFT ownership (which is proportional) and have this instantly fed through a dapp for use/feedback. Then imagine governments being able to do the same with consumer data. If you've worked in government you'll know some government sectors rely on very ambiguous and guesstimatory data. Well, now any consumer or transaction based data will be able to be easily sourced because you can source it much more easily without breaching privacy (for example, NFTs will likely be able to easily relay on blockchain information). + +&#x200B; + +**What I'm not saying is what NFTs will be; I am here to say that what you currently think of as NFTs will not be what NFTs are in ten years, or even one year**. That the door is widely open and there is a world of possibility in what they could become. This means we have a very exciting new opportunity to get in on severely undervalued technology and investments who haven't yet reaped the valuation of a likely overinflated and under acknowledged use. I'm just presenting the tip of the impending iceberg. I plan to do a series of posts on growing blockchain related technology much like this, why its underappreciated, and how its possible future uses relate to real world markets and use-cases. I believe there are a number of exciting new opportunities in several key areas. For me in terms of NFTs, an exciting new opportunity is Seedswap. The project is designed to reward liquidity providers who stake with compounding yields, tokens, and NFTs. SeedSwap also plans to host its own NFT exchange like OpenSea and Rarible at a competitive rate. I have thoroughly combed the project, read the whitepaper, and spoken to the developers on a number of subjects. I believe they understand the importance of NFTs not as commodities but as functions in an economic ecosystem of the future. So, not only do I feel it's a good project, but coupled with it being undervalued and still at ILO you are getting in early on a potentially good investment further inflating your eventual ROI. + +&#x200B; + +**Info:** + +Seedswap (SNFT) + +100,000,000 tokens with locked liquidity for 12 months through Unicrypt. + +Project is currently at ILO through Unicrypt which you can access through the link on their website. + +**Website**: [Seedswap.io](https://Seedswap.io) (whitepaper on site). + +**Telegram** is SeedSwapOfficial +*EDIT: FTX has noticed the uproar from the community and has addressed this fear by splitting up the 45'000 BTC to multiple hotwallets. You will therefore no longer be able to replicate what I did this morning. More info here:* [*https://twitter.com/SBF\_FTX/status/1437808250611765255*](https://twitter.com/SBF_FTX/status/1437808250611765255) + +&#x200B; + +**Original post from this morning:** + +I was shook by this post here and had to immediately check if it's true: [https://www.reddit.com/r/CryptoCurrency/comments/pnsiq6/a\_big\_chunk\_of\_bitcoin\_is\_being\_moved\_around\_at/](https://www.reddit.com/r/CryptoCurrency/comments/pnsiq6/a_big_chunk_of_bitcoin_is_being_moved_around_at/) (the OP has since edited in my post). + +So apparently, the 45'000 BTC do not belong to FTX anymore and they're slowly being peeled. As per the statement of FTX's CEO ([https://twitter.com/SBF\_FTX/status/1437460791188467712?s=19](https://twitter.com/SBF_FTX/status/1437460791188467712?s=19)), all should be well. + +Now here comes my proof that the 45'000 BTC are still in full custody of FTX and nobody should be concerned (I know I was!) + +I just withdrew 0.01 BTC from FTX as you can see in this transaction: + +&#x200B; + +[0.01 BTC withdrawal from FTX](https://preview.redd.it/hw5scjt7rfn71.png?width=1400&format=png&auto=webp&s=dc65fdb1f01e461d50b4baf4f8e122d9ee46213e) + +And here is the transaction to my Wallet on chain: [https://blockchair.com/bitcoin/transaction/10c57fe4b8449c8353e74c04b6954782245c1a6b0ea3f9515b51f7515262567d?from=ftx](https://blockchair.com/bitcoin/transaction/10c57fe4b8449c8353e74c04b6954782245c1a6b0ea3f9515b51f7515262567d?from=ftx) + +It shows I received the 0.01 BTC from the 45'000 BTC moving stack. Therefore, the funds are 100% still in control of FTX. + +[0.01 BTC being sent from 45'000 BTC moving stack](https://preview.redd.it/3cj5tsc2rfn71.png?width=1125&format=png&auto=webp&s=7a649d4ec9a07e40a9229dcb06f54803e059f13f) + +Obviously, there is nothing to worry about and I cannot believe that nobody has tested this so far. + +As a community, we need to make sure rumors and fake news aren't spread. Make sure to share this post around wherever these rumors are being talked about. +**TL/DR:** + +Inspired by surveys done on GME ownership in the US and Germany, I ran a survey for Canada and combined it with another one done in June. Using u/Get-It-Got's post as a guide, my analysis suggests that the Great White North owns at least 37M shares and more likely a minimum of around 91M shares of our favorite stonk. LFG! + + +**Intro** + +CanadApe here! Y'all know Canada, right? The country where we melt our crayons, pour them over ice and freeze them on a stick before we eat them! + +I had intended to post this on my Cake Day (20 August - JACKED!), however in my patriotic pride about EBGames' redirection to gamestop.ca, I accelerated my pace to drop this today. Now I have to find another cake day post! + +Kudos to u/Get-It-Got for the original idea & brain work. In a series of surveys, and with some help from an anonymous benefactor, Get-It-Got got some great data on US ownership of GME shares. In what I think is an appropriate, yet absurdly conservative analysis, Get-It-Got's data suggests that American Apes own in excess of 160M shares of the 74.38M total outstanding. +Recently, another sage ape, u/holzbrett, ran a similar experiment for our friends in Germany. holzbrett's title "Germany owns the Boat" ostensibly meant that Germans own the float. According to holzbrett's version of Get-It-Got's survey, German investors own \~69.5M shares which is indeed the Boat! + +Thinking not to be undone, I commissioned a Google survey for Canada, only learn from Get-It-Got that u/dlegal had already done so! Since I'd already spent my GME share on the survey, I decided to let it run and see what came up. and combine the results in the end. + +I had three goals: + +1. Run my own independent survey so I could alleviate my skepticism on the reliability of the prior results. (No offense to either of Get-It-Got or Holzbrett, but this is still the internet.) +2. Add another data point to compare to the US and German results. +3. Find out where my fellow Beavers are in terms of global ownership of our favorite stock. + +**Process**My process was easy: get the raw data for Canada and follow the steps laid out by Get-it-Got. Links are included above to follow the whole process (I highly recommend it for wrinkle-gathering). Notably, I included: + + +* Adjustment for married and common law couples by removing 50% of people in those relationships. +* Making a 'conservative' estimate by capping >XXX holders to 101 shares. +* Making a 'best estimate' by distributing >XXX holders into the same categories and allocations as Get-It-Got's analysis. This method still caps XXXX holders at 1001. + +\*\* Get-It-Got said it, but I'll reinforce. the idea. The capping both at 101 and 1001, makes for *really* conservative estimates. A single XX,XXX holder would raise the estimates by at least 4x across the various surveys and increases with increasing value of XX,XXX. We know there's at least of few XX,XXX holders out there. + +Some unique aspects to Canada surveys: + +* Survey ran from 6-8 August 2021. dlegal's ran 18-29 June 2021. Not sure why it took mine far less time to hit twice the respondents, but I'll leave it for you Apes to decide if it's significant or not. +* While the survey was 18 and up, my total population includes ages 20-64 (vs. 18-65 in the other surveys). This was the easily available data at the link below. This will skew the result on the conservative side, but maybe less than about 2-3%. +* While the question appeared on both surveys, I did nothing with the 'paper handers' data. Mostly because the paper-handers are dead to me, but also because I got lazy, and it's not really relevant to the result. :) +* I didn't try to discount the couples adjustment, the numbers were astonishing enough that I didn't need to bump them up. + +**Links to prior work** + +u/Get-It-Got's survey **now with control**: [https://www.reddit.com/r/Superstonk/comments/oxjv1n/google\_survey\_update\_gme\_ownership\_w\_aapl\_control/](https://www.reddit.com/r/Superstonk/comments/oxjv1n/google_survey_update_gme_ownership_w_aapl_control/) + +u/holzbrett's survey: [https://www.reddit.com/r/Superstonk/comments/oyjjr5/google\_survey\_for\_germany\_germany\_owns\_the\_boat/](https://www.reddit.com/r/Superstonk/comments/oyjjr5/google_survey_for_germany_germany_owns_the_boat/) + +u/dlegal's survey: [https://surveys.google.com/reporting/survey?hl=en-US&survey=4dluebb6uk2lrdhatugzmxhoia](https://surveys.google.com/reporting/survey?hl=en-US&survey=4dluebb6uk2lrdhatugzmxhoia) + +**Primary Data Source** + +Broad's Survey: [https://surveys.google.com/reporting/survey?survey=2vngog4uk5pbnuw56gqljk7fvy](https://surveys.google.com/reporting/survey?survey=2vngog4uk5pbnuw56gqljk7fvy) + +**Secondary Data Sources** + +Canada population data: [https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000501](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000501) + +Canada Married/Common Law Data 56% married, 15% Common Law: [https://www150.statcan.gc.ca/n1/daily-quotidien/190501/dq190501b-eng.htm](https://www150.statcan.gc.ca/n1/daily-quotidien/190501/dq190501b-eng.htm) + +GME Data: [https://finance.yahoo.com/quote/GME/key-statistics/](https://finance.yahoo.com/quote/GME/key-statistics/) + +**Analysis** + +I provided Conservative estimates for my (N=1001) results, dlegal's (N=501) results and the combined data. My data shows lower incidence of shareholders in the population and lower average shares per holder than dlegal's, and correlates a little better to the US and German data. However, both the Canadian results show higher % of owners in the population in Canada than the other 2 countries. Someone with a good handle on the COVID-benefits in the 3 countries might have fun with that. + + +[Conservative Results & Analysis](https://preview.redd.it/ur4nxviaalg71.png?width=1296&format=png&auto=webp&s=f62c74f714b74cf6bfb3e81c0b734d16f2f0c640) + +The combined 'best estimate' is astounding. Beavers would own more than the total issued number of shares - 123% ownership. + + +[Combined Best Estimate Results & Analysis](https://preview.redd.it/mjuhkrzhalg71.png?width=1289&format=png&auto=webp&s=f7a7cefd3cd1276af9ea930eb7814ab1bd31689d) + +**Conclusions** + +* CanadApes almost certainly own the float, probably the total outstanding. +* The number of shares sold world wide is enormous. +* Apes are great. +* SHF are fuk'd. +* We're going to the moon. + +UPDATE 1: + +- Next Steps: Over the next week, I'll compile a summary post of all the similar surveys in various countries. If more Apes want to follow the process. AUS has already piled on, see the next note! + +If MOASS drags on, I'll want to get a better survey out there. Feel free to continue the great critique and input of the process & questions here. IF we drag on, I'll pull together another survey plan to get more reliability in our numbers. If MOASS beats me to it, we'll have the real number when it unravels. + +- Aussie data: u/da_squirrel_monkey posted his version for the Aussies! Check out their post https://www.reddit.com/r/Superstonk/comments/p2bn85/ay_beavers_youve_got_a_knife_thats_a_knife_well/ +18M on the low end is still huge against the the total outstanding! + +- Google Survey: To all the Apes who felt they were missed, this was not a Reddit survey. Google handled finding the survey respondents. This was to avoid targeting a group that we know love the stock! + +- CAD/USD Exchange: u/whosStupidNow posted a few months ago about how us Beavers can maximize our tendies. Check out their post at https://www.reddit.com/r/DDintoGME/comments/mwzfg3/attention_canadian_american_apes/ + +- Edits: some formatting +I am editing this post as it is DEBUNKED IMO, let me explain why. (BTW I have no clue how to add the debunked flair) + +This 2.18b$ is a Line of Credit -> e.g. A credit card that can be used to borrow money. + +The have this credit line in order to provide margin loans to users. Given that, it makes sense that this is collateralized from the user securities as this is how margin accounts work. + +It seems that they want this credit line to be there to finance other stuff but they don't state them probably because the haven't touched this credit line. + +&#x200B; + +I hope this makes it clear. + +I grew some wrinkles today, thx vm + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +\[Original Debunked Post\] + +&#x200B; + +Hi Apes, + +TL;DR; H00D **TOOK 2.18B$ LOAN WITH 1Y MATURITY WITH USER SECURITIES AS COLLATERAL!** + +I hope this post will be debunked because I don't know how to read..... It's from H00d-s 10K [https://d18rn0p25nwr6d.cloudfront.net/CIK-0001783879/9de6787d-7968-4bed-bc74-537fc285481f.pdf](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001783879/9de6787d-7968-4bed-bc74-537fc285481f.pdf) + +\------------------------------------------------------------------------------------------------------------------------------------------- + +WHAT THE F&CK ROBINHOOD DID IN APRIL 2021?????????? + +[H00D took 2.18$ load in which the Trance A was collateralized by USER SECURITIES!](https://preview.redd.it/oroob4fr77g81.png?width=1523&format=png&auto=webp&s=0d607d6c48131da13d20d8241f5af2266fc28b78) + +DO YOU SEE WHAT I SEE? THESE CROOKS took a massive load with maturity of 1Y and used the user/retail (APES) SECURITIES as collateral. THIS MEANS THAT IF THEY CANNOT REPAY THEY WILL TAKE YOUR SECURITIES AND GIVE THEM TO CREDITORS. + +&#x200B; + +THINK -> CAN I TAKE A LOAN AND USE OTHER PERSON's ASSETS AS COLLATERAL????? + +&#x200B; + +[This load is repaid as of Sep 2021.](https://preview.redd.it/ojlyqcah87g81.png?width=1498&format=png&auto=webp&s=c95ce958d201cb666c52e121ad424a11513f4872) + +&#x200B; + +Now it make sense why they went public so quickly on a time that it was(still is) the most hated trading platform. + +&#x200B; + +[Story Continues in PART 2](https://www.reddit.com/r/Superstonk/comments/slyw48/wtf_did_you_do_h00d_part_2/) \[Deleted as I believe that this is not shady from H00D\] + + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +This is not Financial Advice + +&#x200B; + +EDIT: Added a link to PART 2 + +EDIT 2: After a lot of wrinkles reached out I have the understanding that this is a normal operation and debunked this post. +She's in her early 20s and needs a car to help her get around while going to school. My parents have helped me and my older sister out with loans and now are unable to get anymore. I'm already paying off over 200k in student loans and I'm nervous this will come back to bite me in the ass. However, I want to help repay the favor my folks did for me since they cannot help the youngest one. What would be the best way to go about this if I were to help her? Should I even help her? Any advice would be awesome. + +EDIT: Thank you everyone for your excellent and helpful advice on my situation. I spoke to my sister after carefully going through your posts I got her to agree to get a much cheaper car (3-5k range) and to pay for it out of pocket. I explained to her how shitty it is to be in debt and to avoid it at all costs. She seemed to understand and happily agree and she's now online looking for a much more affordable car. Thank you thank you everyone!! I've also made a mental note to never co sign on a loan... Just a horrible idea all around. Now if someone can give me advice on how to pay off $200k in student loans on a $72k salary that would be also super helpful. Thank you!! +I am approximately $25M in net worth... approximately $5M in stocks, $2M in real estate... and... the rest in CASH. The problem is in my current situation the cash is coming in far faster than my plan to do anything with it. Approximately $5M a year. Basically what has been happening is I focus all my attention on business and the cash builds up to silly levels... then I feel like I don't have the time or energy to focus on what is actually potentially the most important thing. What to do with $15M in cash that just keeps growing?? Do I just drop it all in index funds, tax free municipal bonds, etc. and call it a day? I really am having a problem with mentally finding the right approach. + +To illustrate the issue... I've seen a few posts about the $250K limit at each bank, etc. People's advice is to not keep so much cash, create different account holders, etc. None of this really helps when your income is more than $250K a month. If I don't watch it.. the cash gets to the point like where I am today when the bankers at our bank look at me like an alien when I do a withdrawal in person! + +I really need to identify an automated way to handle money income and what to do with it. it's a problem and is becoming very stressful to feel like I should be doing something to solve the problem of a ton of cash coming in the door faster than I know what to do with it... and I have no plan! I need a mentality shift, but I don't know how to navigate it. + +Anybody else go through some enlightened similar mental transition that could share some thoughts? Who do you turn to? +I've been working on some algos I would eventually like to deploy and test for paper trading before going live. This led me to come up with some questions: + +Q. How did you decide which algos you would study and implement for trading? For example, I'm looking at some mean reversion strategies as well as studying VWAP and TWAP as well, also studying some moving average models as well. Might want to test some basic ML models too. + +Q. Is it normal for someone to deploy run multiple algos in a trading session? Is it typical to change trading parameters intraday? Or do some of you even algos off multiple accounts or trading instances. + +Q. If you check your PnL for let's say 2 days or 2 weeks, and your system isn't performing as well, do you change? Otherwise how often do you guys change which algo you run, is it based off of time or volatility or pnl? + +Q. And finally, when you were backtesting, how did you all determine what time frame of historical data to test on? Also, how did you know you were ready to deploy your trading system live? Was it when you achieved a desired rate of return? +I've been working on some algos I would eventually like to deploy and test for paper trading before going live. This led me to come up with some questions: + +Q. How did you decide which algos you would study and implement for trading? For example, I'm looking at some mean reversion strategies as well as studying VWAP and TWAP as well, also studying some moving average models as well. Might want to test some basic ML models too. + +Q. Is it normal for someone to deploy run multiple algos in a trading session? Is it typical to change trading parameters intraday? Or do some of you even algos off multiple accounts or trading instances. + +Q. If you check your PnL for let's say 2 days or 2 weeks, and your system isn't performing as well, do you change? Otherwise how often do you guys change which algo you run, is it based off of time or volatility or pnl? + +Q. And finally, when you were backtesting, how did you all determine what time frame of historical data to test on? Also, how did you know you were ready to deploy your trading system live? Was it when you achieved a desired rate of return? +Hello all! + +I'm looking to revamp my dad's investment strategy. Currently, he only has ultra-crappy investments recommended by his bank (e.g., funds of funds with crazy-high fees like 3%). He is 6 months from retirement. Liquidity will be relevant. + +I'm considering creating a conservative 50/50 bonds/stocks diversified ETF-based portfolio with the following allocations: + +&#x200B; + +|ETF|Portfolio allocation (%)|Fee (%)| +|:-|:-|:-| +|Global Bonds (BNDX)|25|0.08| +|US Bonds (BND)|25|0.03| +|US Stocks (VTI)|27|0.03| +|Non-US Developed Markets (IEFA)|14|0.07| +|US Real Estate (VNQ)|5|0.12| +|Emerging Markets (VWO)|5|0.1| + +What are your thoughts/challenges? I would love to start a discussion around this topic, given that typically we only talk about aggressive/long-term growth strategies! +VTI (30) - this is my alternative for VOO because I couldn't find a benefit of diversifying between large/medium/small-cap funds +VGT (20) - pretty standard IT stuff +VHT (20) - diversifying with health, looks pretty safe to me +HERO (20) - I thing gaming and esports will just get bigger and bigger +ICLN (10) - clean energy, looking promising with the climate situations + +I'm a young newb so please roast my picks. To me, this looks pretty aggressive, but I have a decent % of my portfolio in obligatory domestic funds which are mostly bonds, so I feel I can be riskier here. + +I'm also aiming for a 15-30y investment, not get rich quick stuff. +(I'm also not from US, so 401k and other terms don't mean a lot to me) + +&#x200B; + +Are there any problems with my structure? Any funds you would recommend? +For all the ICLN lovers ( there are lots of recommendation on reditt), I am more than 15% down already. People were very bullish on clean energy and new administration. Already 20% of my portfolio in ICLN. + +[View Poll](https://www.reddit.com/poll/lprxtn) +Wanted to post this question here to see what insights you all have. Debating buying some $UPRO with some spare cash I have. Can anyone tell me reasons not to do this? I was looking at $UPRO (3x S&P 500 ETF) and the avg. annual return over the last decade was 36%. I can stomach plenty of volatility and plan to hold for the long term, so why not? +Hello all! + +I'm looking to revamp my dad's investment strategy. Currently, he only has ultra-crappy investments recommended by his bank (e.g., funds of funds with crazy-high fees like 3%). He is 6 months from retirement. Liquidity will be relevant. + +I'm considering creating a conservative 50/50 bonds/stocks diversified ETF-based portfolio with the following allocations: + +&#x200B; + +|ETF|Portfolio allocation (%)|Fee (%)| +|:-|:-|:-| +|Global Bonds (BNDX)|25|0.08| +|US Bonds (BND)|25|0.03| +|US Stocks (VTI)|27|0.03| +|Non-US Developed Markets (IEFA)|14|0.07| +|US Real Estate (VNQ)|5|0.12| +|Emerging Markets (VWO)|5|0.1| + +What are your thoughts/challenges? I would love to start a discussion around this topic, given that typically we only talk about aggressive/long-term growth strategies! +Hello. Given the predicted or potential inflationary coming climate, I’m thinking about buying a Gold ETF, which one you think is worth considering (GLD, IAU, GDX...) + +All the best, +I’m new to ETFs and consider this a great investment strategy long term. I just want to get a few opinions on the portfolio I plan to start. + +40% VGT +35% VTI +15% ARKK +10% QQQ + +Open to hear your thoughts on the % allocation and if I have too much overlap between each ETFs. + +Thanks in advance! +Long term 15-20 year portfolio... + +I am trying to decide if SCHD (dividend based ETF) is a good addition. The actual performance of the ETF is great and pays a nice dividend. However i am seeing a lot of people's saying that its not worth holding because its just unnecessary taxable income everytime it pays out. So what are everyone's thoughts? +I've looked around on the web about this, and I either can't understand what they are saying, or most of the articles and videos are just explaining what expense ratio means. + +I'd appreciate it if someone can explain the process in a layman's terms. + +Are they taking out the fees (like ER of 0.03% or 0.75% depending) from the return that's generated? From dividends? From the amount of my money that's in the fund? When and how often? + +Thanks for helping as always. +Why not just put a bunch of money into something like VOO, SPY or IVV? + +And maybe a few others that are indexed to a few other markets and some bonds. + +If heard multiple sources advise me to invest as much in the S&P 500 as possible. +I understand the frustration with the Gherk ban, I enjoyed his daily TA every morning too. But, the amount of pushback the mods are receiving is absolutely unnecessary regardless of how you feel about Gherk. + +I encourage you all to take a minute to just think about everything this sub has accomplished up to this point, and all that the mods have done for us. + +Just to name a few: + +They refused to sell themselves out to the media, and followed what we voted for them to do. + +They have done *insane* AMA's which have not only given us more understanding of the market mechanics, but brought us so much authenticity. Authenticity is extremely important in a sub like this. Also, if you look back at the awkward live stream AMA's from last year, you'll see just how far we've come. (Huge props to u/jsmar18) + +The mods have put on awesome events like the GMErry ChristMOASS holiday charity event. That was fucking awesome for our community, for GameStop, and for all of the people it may have helped. + +They purge countless reposts all day long. Every time a big news article drops, everytime certain people tweet, and we've all witnessed when Papa Cohen tweets. I sort by new often, they put in work. + +They go out of their way to make sure the DRS thread is pinned. DRS isn't the only way, but it's the only *guaranteed* way to expose counterfeit shares. + +Most importantly, they allow us to question each other and have different opinions than each other. If they didn't moderate so fucking well, we wouldn't have the growth that we have. + +Being upset about one person's ban is one thing, taking it out on the best mods on Reddit is another. If you're upset, please take a step back and think before posting something stupid. + +There is going to be real market change and reform because of this sub. Think about how incredible that is. Our voices are making a *huge* difference. I am looking forward to everything coming next week. + +Stay zen brothers. We moon soon. We fix broken market soon. 🦍🚀🟣 + +Edit: Thanks for the awards. ♥️ I also want to remind everyone that checking post history can tell you a lot about someone. I'm not going to call any specific people out, but there are some majorly sus post histories on some of the commenters here. They tend to all be trying to stir up distrust in our mods... +I'm 43, spouse is 44. 3 years ago, we opened up our very first retirement account- a Roth IRA. For the first year or so, we could only afford to transfer $25-$50 into that account. Then I was able to find full time work, plus several side hustles. For the last 6 months, we've been able to afford to transfer $100 to our Roth IRA each month-today I went to the make and transferred $100 and now our Roth IRA is worth $2,001.72 + +I know 2K in a roth Ira is not much to brag about, and I know we started late. Our yearly income is just a hair over 28K a year, but I'm so proud! It's something. + +We put off for years opening up a retirement account because we were convinced we didn't make enough money. We only make 17K a year, we only made 25K a year, I only made minimum wage...my spouse is on social security disability, I'm the only one able to work full time, and we used that as an excuse. + +Lesson here-open up a retirement account even if you can afford only $25 a month. It is worth it and can be done. + +I really regret not opening one up a decade ago. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://www.cnbc.com/2019/05/17/elon-musk-calls-for-cost-control-in-memo-to-employees.html + +Shares in Tesla dipped more than 5% on Friday, after a U.S. safety regulator found its Autopilot systems were engaged during a fatal Model 3 crash earlier this year. + +Elon Musk sent out a company-wide email on Thursday cautioning employees to take extreme measures to control costs. + +The Tesla CEO vowed to “Personally review and sign” every tenth page of outgoing payments. +So I am supposed to join a mid senior role at a big4 bank in a weeks time and I am in last week of notice period at another big 4 bank. + +I am developing cold feet on joining and might go for other offers I have got after formally accepting job offer from this big 4 bank. + +What exactly happens when you rescind a job offer after accepting? Do they mark you as ‘don’t hire’ in their database forever? +Just wanted to tell everyone that's I'm sad about how the market has turned. + +It sucks to see 2 years worth of progress hit the crapper because you keep holding on just one more day, and every call you make lately seems to be the wrong one. + +But we're all in the same boat together, we're holding onto our companies and riding through the storm. We all lost a lot and we're all borderline depressed. It's going to get better and we all know that, we're just bummed that we couldnt use this to make MORE money because we added more funds on the drop a few weeks ago, but, It's gonna go back, we're still gonna make money, even people who held after the recession doubled their funds 8 years later. That's just tuition to the school of hard knocks. The difference between you and them and you are an active investor who is learning from this experience. Think of how much you will learn down the road from this. Sure you could just hold, but take time to learn about what these past two years has taught you about trading and how much more you've put in the market since then. + +We're all drained by the upsets this year, but we're also all learning together. That's what this subreddit's for. Hang tight brothers and sisters, we're gonna be better when this is done. +I opened a position in Alphabet yesterday for 2,599 a share. At a PE of around 25, it's definitely not a bargain, but I don't think it's overvalued either for a company that is still growing steady, has great free cash flow and margins, and is overall a high quality business. + +While they are diversifying their revenue streams, their search engine is still the main part of their business. Is there any realistic chance a rival can take away significant market share in the next 5 years, or the next 10 years? I know it's hard to predict these things as we won't know for sure unless it starts to happen. +>Putin warned this weekend that international sanctions on Russia are "akin to an act of war," and hinted the conflict could spread beyond Ukraine unless the west changes course. +> +> +> +>But despite the risk of "civilization-ending global nuclear war" rising to 10% over the next 12 months according to one strategist, **investors should "stay bullish" and "largely ignore existential risk."** +> +> +> +>"Although there is a huge margin of error around any estimate, subjectively, we would assign an uncomfortably high 10% chance of a civilization-ending global nuclear war over the next 12 months," Peter Berezin, chief global strategist at BCA Research, wrote in a note to clients this week. +> +> +> +>"**Despite the risk of nuclear war, it makes sense to stay constructive on stocks over the next 12 months.** If an ICBM is heading your way, the size and composition of your portfolio becomes irrelevant. Thus, from a purely financial perspective, you should largely ignore existential risk, even if you do care about it greatly from a personal perspective." +> +> +> +>Stock markets have swung wildly over the last few weeks as investors nervously eye Russia's escalating war with Ukraine. The International Monetary Fund has warned Russia's invasion of Ukraine and the international sanctions it has sparked will have a "severe impact" on the global economy. +> +> +> +>Berezin also predicted there could be a sharp sell-off of assets in coming weeks as happened two years ago during the early days of the Covid-19 pandemic. +> +> +> +>"Even if World War III is ultimately averted, markets could experience a freak-out moment over the next few weeks, similar to what happened at the outset of the pandemic." +> +> +> +>Stock markets have soared over the last two years, awash with cash following pandemic-era stimulus measures and ultra-low interest rates and climbing far beyond pre-pandemic levels. +> +> +> +>**"The risk of Armageddon has risen dramatically," BCA's note concluded. "Stay bullish on stocks over a 12-month horizon."** +> +> +> +>This week, Federal Reserve chair Jerome Powell said the Fed still planned to raise interest rates this month for the first time in three years despite the global economic shock of Russia's invasion of Ukraine, pointing to high inflation, a tight labor market and strong economic demand. + +Via: [https://www.forbes.com/sites/billybambrough/2022/03/06/vladimir-putin-and-russia-could-trigger-nuclear-apocalypse-and-armageddon-but-investors-told-to-stay-bullish](https://www.forbes.com/sites/billybambrough/2022/03/06/vladimir-putin-and-russia-could-trigger-nuclear-apocalypse-and-armageddon-but-investors-told-to-stay-bullish) +With searches for Ethereum at an all time, the increase in people inquiring about Ethereum all of a sudden, and now the real true case for a conceivable $2000 Ethereum sooner than you might think listed below: + +\-Alt Season has officially begun as Eth shot up from .022 ETH-BTC to .033 ETH-BTC. + +\-Hype around CME Futures of Ether going live on Feb 8th + +\-Printer is still going brrr + +\-Institutions have already begun buying small blocks of Ethereum and btc and that will likely continue leading up to Feb 8th. Ask someone you're friends with off the record at any investment bank. Seriously. + +\-Eth still holding/consolidating above but near to the .03 ETH-BTC line which has been a traditional line of support in past years, but makes less sense now as Ethereum has already shown near full viability as a dapp platform (gas fees are the last large obstacle) vs. the 2018 run up. Expecting .04-.05 ETH-BTC in the next 1 month. + +\-There is currently about 8% of all Eth supply locked up in the staking contract (2%) and 6% collateralized on DeFi. My guess is it will require volatility to drop for more Eth supply to get leveraged on DeFi, but it is already starting to move up. + +\-(love them or hate them) Dems have control of the Senate now due to the Georgia elections, this will lead to an additional $1400 in stimulus payments that were demanded earlier, but blocked by Mcconnell and House Republicans. Some quick math reveals that about \~71% of households qualify for the extra $1400, and that every person in the household gets a check. The math sorts out to about $300-$320 Billion in new fiat money minted. I am expecting a sizeable influx of this money to move into the crypto space as people are eager to invest, and the Dow is sitting near ATH already. People will be looking for more lucrative opportunities than a measily 3-4% return in the stock market. People will see Btc at 16K over it's previous ATH, and ETH $250-300 below it's ATH (at the time of writing this). More money will pile into Eth. + +This isn't meant to be stupid flair, but serious forecast. +Ah yes, I remember Cardano now... it's another product from Charles Hoskinson, the founder of Ethereum Classic (ETC). Big red flag. Several red flags: + +--- --- -- + +**RED FLAG 1** +Charles Hoskinson + +Fired from the Ethereum Foundation for toxicity. Founded the scam coin Ethereum Classic, a zombie project without development designed to confuse new investors. + +Think about this: If one of his digital currency fail, and he makes another one instead of improving on his current one, what makes you think this will be his last work before he abandons it again? + +So you got a guy fired from the REAL Ethereum project, made an impostor, once that doesn't work, he goes on to create another offering, sounds like a sore loser to me. + +--- --- --- + +**RED FLAG 2** +On the Cardano website: + +> Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers. + +More advanced than the other blockchain? Expert engineers and researcher? Scientific philosophy? What the fuck is this, a freshman essay sprinkled with new-age bullshit, written the day before it's due? + +If taken at face value, it's a pretty big technical check to write and I bet it cannot be cashed. + +If you look at Ethereum.org's main site, they focus on their tech, not competition. + +The intro reeks of amateur hour, and Charles' behavior that got him fired from the Ethereum Foundation in the first place. + +--- --- --- + +**RED FLAG 3** +Their philosophy is all over the place + +> Separation of accounting and computation into different layers +> Implementation of core components in highly modular functional code +> +> Small groups of academics and developers competing with peer reviewed research +> +> Heavy use of interdisciplinary teams including early use of InfoSec experts +> +> Fast iteration between white papers, implementation and new research required to correct issues discovered during review +> Building in the ability to upgrade post-deployed systems without destroying the network +> +> Development of a decentralized funding mechanism for future work +> +> A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience +> +> Bringing stakeholders closer to the operations and maintenance of their cryptocurrency +> +> Acknowledging the need to account for multiple assets in the same ledger +> +> Abstracting transactions to include optional metadata in order to better conform to the needs of legacy systems +> +> Learning from the nearly 1,000 altcoins by embracing features that make sense +> +> Adopt a standards-driven process inspired by the Internet Engineering Task Force using a dedicated foundation to lock down the final protocol design +> +> Explore the social elements of commerce +> +> Find a healthy middle ground for regulators to interact with commerce without compromising some core principles inherited from Bitcoin + +The fuck did I just read? + +All of these points are not philosophy, they're just Charles' random thought that's all over the place and has nothing to do with the blockchain tech itself... reminds me of the BS I saw on Tezos... it reeks of delusion, pettiness, and micromanagement of most toxic kind. + +Again, these are checks written that cannot be cashed. If Cardano think they can catch up to Ethereum in terms of industry adoption, technical capabilities, developer ecosystem, Charles will stop it dead in its track. + +--- --- --- + +**RED FLAG 4** +https://medium.com/@classicether/out-of-the-ether-a-crisis-of-irresponsible-governance-facing-ethereum-classic-a77abdd7a9fa + +Charles' behavior is appalling. + +--- --- --- + +TL:DR Stay far away from Charles Hoskinson products as you can, this includes Cardano. +A recent discussion on this subreddit has made me think about something that happened earlier this year. We'd just secured a 90% LTV mortgage deal at 2.24%. It was great, until we had countless people telling us we should hold off or re-apply because the interest rates were 'definitely' going to drop. Fortunately we ignored them (interest rate is now 2.79%) and now own a house. + +Has anyone else experienced similar? Might be useful to share so that we can all avoid the same pitfalls! + + +EDIT: Mortgage fixed term length is five years for those who were wondering +I have a friend whose account is being closed in the UK because she moved to her home country and didn't bring the money back with her yet. The amount must be around 20K. + +She doesn't want to transfer back the money yet cause the exchange rate is low and is asking me if I can hold her money for a bit and send it to her later. I have no problem doing this as I know this person is legit but I am afraid my bank may flag it as fraud and freeze my account or ask me to pay taxes on it, etc. + +Has anyone had a similar experience or know the law around this? + +Thanks in advance! +Hi, + +how much is fuck off money in terms of you can do whatever you want. How much money did u make monthly to change ur life? in my mind I have the idea £15,000-£20,000 a month. I don’t think making above that would change my life. + + +thanks all +I have been trading for 10 years now, and I haven't been profitable. I lost a lot of money but I want to make this work because it's my only option to make a living. Due to my mental health, I cannot work in a regular job even if I wanted to. + +Recently I have been looking at the charts differently. Now, I look for higher highs and lower lows. This perspective made my decisions much better and it made the chart clearer for me to predict. + +I trade using technical analysis. I use the AC and AO indicators to determine overbought and oversold areas. If the AC turns green, and the AO below the zero-line this means that the currency will probably make a higher low. But that's not it, if the price drops, then it's forming a lower low. + +I just wanted to share this with you all because it has helped me a lot. + +Just by changing the way you look at the market could make your decisions better. +I am in my mid 30s and I live in London with my family. One of the questions I frequently face is, “Why haven’t you bought a house yet?” to which I reply, "I don’t think it is a good investment.” I am usually frowned down with contempt for making this statement. I soon find myself debating with a group of people who collectively oppose my opinion. I eventually lose my argument and they walk away victoriously. + +I would blame most of that on my inability to explain my thoughts on-the-fly. And in other cases I can sense that the debaters have either made up their mind already or don’t like being told that their recent investment was not that great. If it is the latter, they find it convenient to counter-argue their way out of this uneasiness thereby ignoring the fundamentals. Their points look valid at the first glance but can a detailed analysis prove otherwise? + +Before we start I recommend you to have an open mind while evaluating my arguments. Usually, when you have made up your mind, your mind tricks you into finding numerous reasons to justify your decision. I guess this is normal; it may be because the person's mind is too focussed on just one thing. + +**#1: You save the rent** + +To an investor, saving the rent is akin to dividends received on an investment. If you are buying a house on mortgage, which is likely in most cases, your down payment is usually 10% of the price of the house; you borrow the remaining from a bank. This is called a 'leveraged investment' where the investor takes a calculated risk to maximise his gains by borrowing n-times more than his principal. This works well if you know what you are doing but the downside of this strategy is that your losses could be terrible if things go bad. In the case of housing the general consensus is that nothing will ever go wrong. + +Let us consider a hypothetical scenario. You found a company that ticks all the boxes to be a long term investment. It will pay you a dividend somewhere equivalent to the rent you are going to be saving. You are fairly certain that nothing could go wrong with this company. +1. Would you bet all your savings on it? +2. Would you borrow money from your parents and friends to buy shares of this company? +3. If you could get cheap loan, would you borrow 10 times more than your savings to invest in this company? + +You probably answered no to all the three questions. A seasoned investor assigns no more than 10% of his portfolio on a single asset as there is always room for something to go wrong. Famed investor Warren Buffet advises not to test the depth of the river with both your feet. But here you have put not just 100% but 10 times of your entire savings into just one asset for a return of 3-4% annually. Historically, the stock markets (S&P500) have paid more than 11% annual return on an average. A good investment fund should give you more than that. + +**#2: Housing price always goes up** + +This is wrong and to prove my point we don’t need to look very far into the history. The 2008 financial crisis showed us just this. The counter argument here is that even if the price falls it cannot go too low and that it will come back up quickly. This assumption is wrong too. + +The only reason housing prices bounced back up soon after the great recession is because of the cheap monetary policies implemented by central banks around the world to stimulate economic growth. They gave the banks money that was created out of thin air. These retail banks then multiplied this money supply by lending them to consumers using the technique we know as fractional reserve banking. The interest rates were reduced to near zero, the cheapest we have seen in 5000 years of human history, to make consumers borrow as much as possible. + +The mortgages that were once expensive are now dirt cheap. The monthly payments became much more affordable to people who couldn’t once afford to buy a house. With artificially induced buying power people raced against each other bidding up the price of houses. + +To make the situation worse, some countries like UK, implemented government sponsored help-to-buy schemes that looks like a great relief to the buyers but only superficially. What a buyer fails to notice is the fact that many others like him, in the property market, also have access to the same help-to-buy schemes who then collectively drive up the prices. In reality, these schemes help the sellers (real estate industry), not the buyers. + +You may have noticed the flaw in this monetary policy by now. The debt induced artificial economic growth cannot sustain very long as the number of credit worthy consumers diminishes over time. House prices soon go above the affordability factor for most buyers again. The high prices can only be justified if the economy is booming and the wages are growing at the same pace. Unfortunately, that has not been the case in the past 10 years. + +People who bought their houses right at the bottom of the economic downturn around 2010/11/12 did a great job. Like me, many of you, missed the boat here. It seems like we are now reaching the end of the government stimulated economic growth a.k.a. 'business cycle’. And with interest rates now slowly creeping up, it is highly likely that the economy has started slowing down again. + +**#3 The government can fix it.** + +Historically, the central banks have been fixing the problems that we call an economic slow down, a market crash, a credit crunch or a recession by increasing the consumer debt. People are encouraged to borrow and spend which then stimulates the economy. This is done by reducing the interest rates. Housing is just one asset class distorted by this fixing game. + +It is widely argued that somewhere close to 97% of the money we see in the economy today has been borrowed into existence. + +If the number of creditworthy people fall, the amount of money borrowed into existence also falls, leading to a reduction in money supply. Now that the central banks have gradually reduced interest rates from about 20% in 1980s to close to 0% today, this fixing game seems to be almost over. In other words, it seems like they have ran out of ammunition at least in increasing money supply in the form of debt. + +There are other measures they could possibly try. Tax relief, tax refunds, free basic income are some examples that could potentially be used to increase the spending power of an average consumer. This will cost the central banks nothing but such policies will have their own repercussions in the economy; details of which are outside the scope of this discussion. + +**#4 Interest rates will not go up too quickly** + +The real estate industry directly depends on the interest rate at which consumers can borrow. And the interest rates are closely dependent on inflation. Inflation makes a dollar today worth only a fraction of what it was worth a while ago. + +The income generated by the governments through taxation isn’t enough to cover their expenses; so they issue bonds which is a promise to pay the investor his principal plus an interest on the maturity date. If the investor thinks his returns are not going to be worth his initial investment because of the inflation, he wouldn’t be interested in buying those bonds. So the governments across the globe always have to make sure that the interest rate paid on their bonds are always at par or slightly above the inflation to keep them attractive. + +The central banks inflate the money supply to fuel economic growth but at the same time have to keep the bond markets attractive. This is like walking on wire; as long as they can hold the balance the markets are happy. This is a confidence game and the balancing act could tumble to either side anytime. + +If the inflation picks up, the interest rates automatically rise. If that happens the financial institutions don’t have to lend you cheap loans as they can get better returns elsewhere. In other words, you may have to pay higher interest rates in order to secure a long term mortgage. + +**#5 Short term price fluctuations are trivial, housing is for long term** + +Your house is only worth what another person is willing to pay for it. If the economy slows down, other houses in your locality may start selling for a much lower price than what you had anticipated. This may be insignificant to you as your aim is to hold on to your house for a very very long time. But if you are buying the house on a mortgage you should also know that it doesn’t come with a teaser flat rate for it’s entire life. + +When the teaser rate expires, irrespective of whether you decide to remortgage or not, your bank revalues your house to assign a new interest rate on your mortgage. The new interest rate, flat or variable, may or may not be in your favour. If the bank's valuation is significantly lower than what you bought it for, your equity on the house could possibly be less if not negative. This is risky for the bank and a risky loan always comes with a terrible interest rate. + +The affordability of mortgages may not always be unwavering for consumers. When the monthly mortgage payments reaches the tipping point of unaffordability, home owners put their houses up for sale. As more such houses starts coming into the market the prices start falling and this market behaviour feeds onto itself in a vicious circle like what we saw in 2007/08. + +**#6 Other arguments** + +Some people want to buy a house for the pride of owning one, “what would others think if I don't own a nice house?" You actually own the property only on paper; the major equity holder of your house is the bank. Pride is complicated - the pride of owning a Jaguar; the pride of flying business class; the pride of having an expensive steak dinner - these are not investments for obvious reasons. + +Some of other reasons other put forward by families for owning a house are freedom and escape from letting agents. In a worst case scenario, the costs associated with these are insignificant considering amount you are investing. + +By taking a mortgage you are also risking your predicted future income thereby locking you up from making any further investments for the rest of your productive life. + +Owning a house is also very expensive. Apart from the initial expenses incurred in the form of stamp duty and fees paid to the estate agent/surveyor, a house comes with a lot of maintenance cost. But if anything goes wrong with your rented property, all you need to do is to call the landlord who is legally obliged to fix it within a reasonable time. + +You may also find that you are geographically tied to your house. You will either have to disregard good career opportunities away from home or commute long distances that may soon turn frustrating. + +**Conclusion** + +The media shows a lot of sympathy towards us, the consumers, for not being able to get on the "property ladder” (whatever that means). They also express unhappiness for our locality not having enough houses. Nevertheless, we don't see those people who cannot afford a mortgage living rough on the streets. I consider these as noise that can be safely ignored. + +When it comes to investing, I do shop around for opinion as this helps me gather as much information as possible. If you are planning to buy a house, doing some research stirred with a little bit of rational thinking wouldn't hurt. + +This article was an attempt at explaining my thoughts on why I consider buying a house today is not a good investment. It may have been a good one in 2010. I guess I have been able to give a reasonable summary to defend my contrarian thinking that may help you before making the biggest investment decision of your life. + +And finally, the workings of any economy is obviously very complicated. It is highly likely that I may have missed something important as I don't know all the moving parts. Also, your personal circumstances may be different and I recommend doing your own due diligence. Do not take this as a financial advise and I am not a financial advisor. After all, I am only a computer programmer. :-) + + + +**UPDATE**: minor grammer corrections +https://finance.yahoo.com/news/netflix-could-lose-four-million-121913655.html + +(Reuters) - Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc <NFLX.O> on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year. + +Needham analyst Laura Martin, who downgraded the California-based tech giant to "underperform", believes Netflix will have to add a lower priced service to compete with competitors including Apple Inc's <AAPL.O> Apple TV+ service and Walt Disney Co's <DIS.N> Disney+. +I've had a burning question in my mind planted a few days ago when I stumbled upon [a comment I made](https://old.reddit.com/r/Superstonk/comments/o0mn0y/in_death_by_1000_cuts_shf_just_received_their_999/h1vxwji/) that was [screen-shotted, submitted, and earned more karma](https://old.reddit.com/r/Superstonk/comments/o0qbuq/this_comment_needs_more_exposure_may_be_why_005/h1wpar5/) and awards than my account had accumulated over the last 7 years of casual Redditing. + +A bunch of 🦍s found the original comment and chatted with me about the topic. It felt like people really wanted to understand (for lack of better terms) "what sound it makes in the market when a hedge fund or other financial institution dies." Do some stocks skyrocket, and others crash? Does it take a few days? Weeks? It seemed like a topic that was under-researched with a lot of pent-up demand. I thought it'd make for really good investment vs required effort -- sort of a deep value topic for Superstonk. So, I figured I'd put my wrinkles on it and investigate. There's not a lot of data to go on, though, so I started by investigating Archegos. It's one of the only financial institutions (if you can call it that) that I know of that collapsed recently, and I was interested in trying to determine why bagholders would still be reporting losses "2 months after it collapsed." The MOASS was supposed to be slow because it's huge, right? So it seemed like a small collapse should be fast. Peculiar, no? + +Anyway, I'm prefacing with all this because what I'm about to say is a lot. + +I think Archegos was actually effectively short $GME, died on January 27th (possibly the margin call was on the 27th &amp;amp; failed on the 29th), due to being squeezed not just by the stocks they admitted in the news, but also meme stocks. I think those who were left holding bags exited their meme stock short positions VERY SLOWLY over ~45 days, because a congressional investigation was underway, and that the announcement of Archegos's death was delayed until March 26th, 2021 (made possible by the fact it was a 'small family office')... and finally, I think that date of announcement was *because that was the date the bag holders had finished exiting their effectively-short positions that Archegos had left them.* + +I'll cut to the chase because it's late. I have two pieces of primary evidence in support of this: + +1) All the news reports list two stocks Archegos had exposure to ('exposure' as a description could go either way, short or long) via total return swaps. Pull up the YTD charts for these stocks and check out what they've done since January: [VIAC](https://www.google.com/search?q=%24viac), [DISCA](https://www.google.com/search?q=DISCA+price). Also, looking at March against the YTD graphs look a hell of a lot more like a short squeeze that *ended* on March 26th than anything else... and with those blips on January 27th-29th for both? Sure, lots of stocks had blips back then as the Superstonk Quants will tell you... but *these blips were price increases, like GME and AMC saw, not decreases like SPY and most of the market saw.* + +Other stocks Archegos reportedly had exposure to include mostly ones I think they were actually long on, like [Farfetch](https://www.google.com/search?q=farfetch+stock) and [Vishop](https://www.google.com/search?&amp;amp;q=Vipshop+stock). Those charts look much more like what I'd naively expect from a bagholder dumping long positions around or up to the date of March 26th. + +That alone got me interested enough to dig more into it... but then I stumbled almost immediately across this second piece of evidence: + +2) [The DOJ opened up an investigation into Archegos on May 26th, 2021](https://www.bloomberg.com/news/articles/2021-05-26/justice-department-is-said-to-open-probe-into-archegos-blowup). The moment I saw the date I realized our favorite company, GameStop also had something to say about that date. **Not back in May, but weeks later after the Shareholder AGM**: + +&amp;gt; “May 26th, 2021 GameStop received request from SEC for voluntary documents and information regarding SEC investigation..into trading activity in securities and securities in other companies..GameStop intends to cooperate fully with SEC staff.” + +Links for [Superstonk Thread](https://old.reddit.com/r/Superstonk/comments/nwklbg/looks_like_gamestop_is_cooperating_with_an_sec/) &amp;amp; [GameStop primary source](https://news.gamestop.com/node/18951/html) + +So, reporting mentions Archegos was under investigation, opened May 26th... Supertstonk [notices and some discussion happens, but we didn't care much because it's not directly GME related.](https://old.reddit.com/r/Superstonk/comments/nlu4jn/justice_department_opens_probe_into_archegos/). Either those are two ends of the same investigation, or it's a pretty fucking big coincidence, especially when you factor in the January 27th bump. I feel like the Superstonk Quants should probably take a look at some of this? To extend the speculation, it's also possible a portion of the late Feb / early March $GME run-up was thus due to Archegos closing positions, and at this point I'm actually starting to think history books will actually cite January 27th as the start of the MOASS, and that we're still currently feeling the reverberations throughout the market in $GME's price (and beyond). If I'm right on that, allow me to be the first to say: "Welcome to the MOASS and I'm sorry it's a lot slower moving than we'd all hoped...", but I'm pretty sure it's still unstoppable. + +Anyway, I've got to go get some sleep... I just wanted to dump off some of my preliminary DD results here and report back to everyone: I still don't know what it sounds like when a hedge fund or other financial institution dies in this market, [but I have a hunch that I know what it sounds like when it lies.](https://i.imgur.com/rUUDVM6.png) + +**Edit 1:** + +Someone has brought up the ‘birthday problem’, which I agree with: If we assume a lot of family funds, hedgies, etc., get investigated (Thanks SEC! Keep up the good work!) A DOJ investigation into Archegos and an SEC investigation into $GME advancing on the same day isn’t noteworthy (if we can call leaking/hitting the news ‘advancing’). We can’t read too much into it without any supporting evidence, because there’s probably lots of investigations into all kinds of things both corrupt and squeaky clean… right? + +Also, I found out the SEC and DOJ are [totally different organizations](https://www.investopedia.com/terms/s/sec.asp) and it’s not the SEC under the DOJ, so it’s actually even an implicit leap there… [though they do work together when there’s overlap](https://www.sec.gov/news/press-release/2020-140), and I guess Citadel/Virtu seem to have a duopoly... + +So, don’t jack your tits yet: We know GME was connected to a SEC investigation as of May 26th. Archegos was connected with a DOJ investigation as of May 26th. Nobody’s connected GME to any DOJ investigations, right? + +Someone hold my crayons… and buckle up. + +**Edit 2:** BTW, I make memes and stuff, too. [For your enjoyment while I dig up broviet’s new account.](https://www.reddit.com/r/Superstonk/comments/nzyw4j/hedge_hedgie_svu_a_peak_inside_superstonk/) (or check my profile pinned ones if you’re still waiting, 🤷‍♂️) + +**Edit 3:** here’s former financial industry insider Broviet saying he was going out to get drinks with a DOJ (not SEC) employee and Bloomberg reporter earlier this week to talk about the GME thing off the record: + +https://www.reddit.com/r/Superstonk/comments/nzekok/ooooooooops_back_from_the_dead/ + +I remember thinking it was odd that he said DOJ but I figured (wrongly) that the SEC must just be under them. So, possible it’s all coincidental… but with pretty clear paths forward to discover more. + +**EDIT 4:** d2blues has pointed out that Nomura Holdings, ([reportedly an Archegos bagholder](https://www.forbes.com/sites/siladityaray/2021/04/27/nomura-reports-29-billion-hit-as-total-losses-from-archegos-collapse-climb-past-10-billion/?sh=22bb5c9f6bef)) is [showing $GME options on the books](https://old.reddit.com/r/Superstonk/comments/o2i69k/is_archegos_the_missing_puzzle_piece/h276s61/) since the collapse: + +> Also worthwhile noting that Nomura Holdings popped up with 200,000 Puts and 300,000 Calls in GME as reported in their 13F filings on 17th May, for the period ending 31st March (Source: Fintel) + +I'm pretty convinced even without seeing statistical correlations at this point. + +**EDIT 5:** I also wanted to encourage 🦍s to consider buying and holding $GME directly instead of risking anything with dates and CALL options. I've heard reports of 🦍s being paid to *hype GME dates*, and have gotten messages trying to encourage me to look into specific *future* dates. I won't be looking into them, as I'm only interested in past dates and holding real $GME shares. I'm an 🦍 investor, not a speculator. Also, selling 🦍s calls is one way [Options Market Makers can generate phantom shares to keep the game going.](https://old.reddit.com/r/Superstonk/comments/o1sggl/the_hidden_shorts_the_correlation_of_ftds_and/h23ktb8/) + +**EDIT 6:** My estimation of them dumping some short positions over ~45 days before the announcement is just casual speculation regarding why announce when they did. The fact that [VIAC](https://www.google.com/search?q=%24viac) and [DISCA](https://www.google.com/search?q=DISCA+price) prices spiked up and returned to normal right before they pronounced Archegos dead makes me think those were the last positions they exited. I don't think their bag-holders have shed their $GME exposure... but it's all just wild speculation. The only thing I'm pretty sure of is that Archegos died long before March 26th, and I strongly suspect the investigations are related. + +The Quants will hopefully be able to answer the kinds of questions people have about how it relates (or doesn't) to specific stocks. + +**TADR:** there are a number of coincidences between the collapse of Archegos and GME-related events. Enough I think the Superstonk Quants should take a look (or anyone with ideas on how to research farther) to see if they can find evidence for/against a connection. 🦍 think we overlooked it because it collapsed long ago, and didn’t connect new info back to it. Quants help please, because apes 🦍 together strong. +https://www.businessinsider.com/amazon-brings-in-nearly-4-billion-annual-revenue-usps-report-2020-9 + +A slew of financial statements and emails obtained by American Oversight show that Amazon accounted for nearly $3.9 billion in revenue and $1.6 billion in profit for the postal service in the fiscal year of 2019, the Washington Post reported. + +USPS delivered 1.54 billion packages for Amazon during the time period, or roughly 30% of the technology company's total volume, according to the documents, which also show that deliveries and revenue increased in fiscal year 2019. + +Simply put, in return for the lower rates, the USPS keeps a large customer, and staves off a possible future in which Amazon builds out its own delivery fleet, including drone deliveries for rual areas, to the extent it doesn't need the USPS's delivery network — or even begins competing with USPS to deliver some non-Amazon packages as well. + +Thanks for the awards. +Ok Reddit I need advice. + +It’s embarrassing but I have 160k in student loan debt. All of that is federal loans so they are low interest rates already so not worth refinancing. I am 27 and just need some advice on what to do because I feel helpless. I make 70k right now and live in the DC area so rent is pretty high. I have other bills to pay and shits tight with the $1k a month i’m forking over in loans alone. What to do and is my life hopeless now? +The search for where we move to has become more constrained due to family issues. We may end up living a fair distance from mountains and skiing, two of my biggest recreational pastimes. Land and homes are a LOT cheaper, so there are some benefits. + +But on a Fatfire budget, we should be able to travel for recreation. A couple weeks a season maybe. Timewise and in terms of cost, a flight isn't a big deal, but not being able to just casually hit the trail or slopes is a downer (i.e. having to plan a trip). + +Trying to think this through, anyone in this kind of lifestyle? +For the multi-homed, how do you manage and track conditions in your house while away. We once suffered a disastrous water leak (fridge water inlet) and that has made me very vigilant about monitoring. + +My setup (same for each home) is: + +* ADT-like service - fire, security, water leak + +* Google Home - + + * primarily Nest devices - thermostat, smoke detectors, door locks, doorbell, camera + + * Wemo smart switches and outlets + +* Smart Valve water meter shutoff retrofit. - Yes, I’m paranoid about water. + +Known Exposure: + +Remote gas-line shut-off. + +I’m quite fine with what I have, but I’m wondering what others do in case I’m missing something and have to learn the hard way. + +The switches come in (very) handy because we let family and friends use the place and on more than one occasion they’ve left lights on. + +Edit: Tile stickers are essential (I’ve found) when you return and someone else has moved the TV remotes all over the house. Recent addition but so very useful! +I am interested in how you guys structure your passive ETF portfolios. Below you can see my portfolio, which holds about 40% of my NW. Some notes: I am based in Europe so I don't want > 50% US exposure. I like to hold multiple positions so I am not interested in the inevitable "All in VTI" comments. The portfolio is meant to compliment physical RE holdings and/or private company stake. The portfolio is 105% long. It is not a dividend/ passive income portfolio (yet) but can be easily transformed into one by simply changing some values in the excel sheet. The bond portion as well as dividend portion of the portfolio will increase over time. The portfolio is rebalanced quarterly where all dividends are reinvested. I pay about 1.5% for the 5% leverage (IBKR margin). + +(Sorry for Imgur link, can't post pictures here) + +[https://imgur.com/a/54zfErq](https://imgur.com/a/54zfErq) + +Edit: I’m playing with the idea of adding some „return stacking“ so for example replace GLD with /GC futures and then using the cash to buy more global equity… thoughts? +I've been getting in to day trading for the past 4-5 weeks, learning all of the terms and trying to find a strategy and actually developing a decent scalping strategy however, the past few days while trading on the S&P 500 mini futures I was making some awesome gains from the bullish breakouts and so I kept on trucking and leaving trades overnight expecting the market to just do what I wanted. Today that changed. I woke up this morning so far in the hole it felt like my balls were cut off and fed to my mouth. +Now looking back, I realize alot of things were looking like they were going to explode and I wasn't going by my working strategy. This is definitely a learning experience. I still have a full time job and I didn't bet the farm or anything but it is a horrible feeling knowing that you didn't follow your own rules and it bites you in the ass. + +Hoping just to keep learning and seeing growth in my trading experience, ive always kinda known this was going to happen but never thought it would be so soon lol. + +Edit* My strategy typically is scalping but due to my inexperience I held overnight because it looked like a nice gain and woke up to my doom. I am not a swing trader, scalping has been very successful for me up to this point and I plan to continue to do it. Sorry for any confusion in post. +I recently (honestly couldn't tell you when) decided to change my spending habits. With the number growing in the bank I've been steadily repaying my debts down. I have a spreadsheet to keep track of my past mistakes and realised I've paid off £5000! + +It makes me feel good. Maybe I can fix this shit? Here's to another five! +I have a reasonable understanding of different securities, (stocks, derivatives, fixed income, etc) and some hedge fund strategies (short selling, arbitrage, etc) and how they are used but only in a very generic sense. What I'm currently confused about is how funds typically determine what firms to purchase securities for, or what securities they should be researching. Are there any good books that answer these questions? Any good online resources y'all would recommend? +I want to share another viewpoint for some other somewhat-low income earners and show that saving a lot is still possible if you forego some otherwise considered ‘necessities’. Here is my main info: + + + + +• I have worked for a smaller state government for nearly 3 years now, don’t want to give away the state or the department for privacy reasons. I will add that my department is travel-heavy, wherein I travel pretty regularly, approximately 35-40 weeks per year I’m away from home. + +• Given the extensive travel, I have done my best to live with roommates while employed in this capacity simply because it doesn’t make sense to live alone when I will never be at home. Currently I live with one roommate, but we have had 6 different roommates cycle through the other rooms in our apartment over the past 2.5 years. Our rent is about $700 per month (I live in one of the lowest COL states in the country), and while our apartment is far from a dump, it’s definitely not luxurious. Living with roommates is obviously inconvenient, and crowded, and at times annoying. But for me being gone most of the time in hotels I don’t mind it, and saving that much money has really benefitted my savings rate. + +• My gross salary is approximately $58k at the current time, however, that’s after a very recent raise last month. I began at a salary of about $36k, which incrementally bumped up to $42k, then $47k, then $51k, and now the $58k. Those bumps consist of either state-granted department raises, promotions, or on-the-job certification raises. + +• After 6 years on the job I will be fully vested in my pension plan, which I have really yet to explore intimately as to how much that will be worth, because I haven’t decided how long I plan to work in my current position. + +• My current monthly expenses usually look something like this: $375 rent, $35 health insurance, $100 car insurance, $60 phone, $20 internet, roughly $75 power per month, and $30 or so for my cat each month. As far as food, I get per diem while traveling, so my food expenses are limited to strictly what I need to eat on the weekends and the few weeks I’m home. I eat pretty simply and cheaply at home as a result of being able to eat out for every meal while I’m on the road, so I budget about $75 per month for food. Total that puts my recurring monthly expenses around $770, totaling roughly $9,240 annually. + +• I do give myself about $300 per month to do really whatever I want because of how low my core expenses are, so overall I call my annual living expenses about $13,000 per year. That $300 goes towards eating out, taking mini-vacations, buying stupid things I probably don’t need, and just enjoying myself. + +• It may seem as if I’ve forgotten to budget for gas/car maintenance, but it’s a bit of a tricky situation. My car is fully paid off (thanks to my incredibly generous parents who gave it to me as a college graduation gift. It’s tough to overstate how valuable this was for my immediate savings potential). Further, I get reimbursed per mile driven for my job. My travel is highly variable, but I estimate that I drive between 20k-24k miles per year, reimbursed at the national rate of 58 cents per mile. So I get back approximately $11,600-$13,920 per year. After deducting gas costs and maintenance/repairs, I call it a net return of about $600 per month, which goes directly into my savings. + +• I have no student loans, because I was able to get a full ride via scholarships and worked very hard to maintain the necessary GPA requirements to keep those scholarships. The school I went to was definitely not an Ivy league school, but it was a decently sized public school in the same small state I work in now. + +• My gross pay stub shows my income is $4,800 per month. Each month, I deduct $800 per month (formerly only $400 per month before my most recent raise) for my deferred compensation plan. And then after SS, Medicare, taxes, and the 10% my employer takes out for pension contributions my take home each month totals $2,600 per month. Which doesn’t seem like much, but given my low level of expenses it’s more than enough for me. Further, I tack on the $600 mileage income per month to give myself a total after-tax take home pay of $3,200 per month, or $38,400 annually. + + + + + +Now that I’ve gotten all of those details out of the way, I can finally get to my savings rate. Relative to my far from extravagant take-home pay of $38,400 per year, I spend $13,000 per year, and will save about $25,400 per year. Additionally, the pretax $800 per month to deferred compensation adds another $9,600 per year, bringing total savings to $35,000. That equates to a (excluding deferred comp) savings rate of 66%. I’m never really sure how to add the deferred comp contributions into my savings rate, so I simply don’t and consider them an awesome bonus. + +My current net worth after working for 34 months in my current position is about $90k. I’m closing in slowly, ever so slowly, on that magical $100k number. It feels like I should have been there ages ago, but I project that I will get there before October at this rate. + +This post ended up being much longer than I anticipated, mostly because I felt the need to explain pretty thoroughly that my job is definitely not a typical one. The travel-intensive nature keeps my happy and feeling adventurous, while also providing me quite a few benefits (mileage money primarily). If you have any questions I would be happy to answer them in the comments. Overall I wanted to show that it’s entirely possible to have a high savings rate, and still live a fulfilling life. I consider myself ridiculously fortunate for a) having great parents who gave me a free car, b) being able to graduate school debt free simply for working hard and being smart, and c) falling into a rewarding job that I enjoy that comes with great benefits and ample pay. + + + + + +TLDR: I travel a lot for work, I save a lot of money, I don’t live like a hobo in a van by a river, and I’m very happy with the way things are going. + + +Edit: Definitely didn't expect this much attention for my post, I submitted it and then went to bed so my bad for being so late to come in and answer some of the more common questions/nitpicks. + +I do realize that I'm very fortunate, and while $58k is not a low income by any means, I'd like to again point out that's been a recent development, and before that I was making $51k for about 6 months, $47k for 6 months, $41k for 4 months, and $37k for the first 14 months on the job. All in all yes I do know that's still above the median household income. + +My healthcare is ridiculously cheap, thanks to the govt job. I actually chose the more expensive option, we have an option that would allow me to pay nothing at all for the basic plan. I chose the slightly better plan because of how cheap my other expenses are typically. + +I did mention that I live in a very low COL area, to be a bit more specific I live in one of the top 5 states as far as cost of living is concerned. I live in a town of about 50000 people, so it's not a po dunk middle of nowhere town. There are plenty of $500k+ houses in the nicer parts of town here, but the average home price is probably closer to $100k if I had to guess. My apartment is one of the cheaper ones in town, but it's not a dump. The management is very nice and the apartment are conveniently located in town and as nice as I need. + +Obviously i have a lot of benefits from my job, but I would like to point out that I still aim to lower my costs whenever possible. For example, most of my coworkers buy a brand new car about every 18 months because "the mileage pays for my car payment". Also most of them buy homes that they hardly ever get to spend time in, and on the weekends most of them say they eat out for every meal still because it isn't worth their time to cook when they're just gonna be back on the road soon. + +I'll go through and answer some of the questions in the comments. I'm glad some people enjoyed reading about my situtation and thanks to those of you congratulating me. I've had it very easy and I have done my best to take advantage of it. My utlimate goal is to FIRE and spend my free time volunteering at youth centers coaching sports for kids and tutoring. It's something I used to do when I was in college but with my current job I can't do it and I miss it. +Got a part time job paying $14 an hour at one retail company with the expectation that I'd be full time fairly soon. This was end of October. Got a second part time job to cover the bills until the full time spot opened. + +Full time spot never opened, and it's expected to not open for quite some time. I know it's only been a few months, but I've never worked retail in my life. I've always worked 9-5s. I've never been consistently on closing shifts every single day because for whatever reason I'm the favorite for closing for both jobs. + +I go into work later, but I've been feeling increasingly angry because the day is gone when I get home. I rarely have days off. I can't send a quick text to friends just to not feel so isolated because both workplaces are anal about phone usage. + +I've been feeling sick since yesterday. I have a 12 hour day coming up on Sunday and none of my coworkers will cover the second shift. And I have to be up at 4am the next morning to open at my other job. + +I kinda just want to go home and just not go in to either job. I've never done that, but I'm this fucking exhausted. + +I know what you're going to say - I'm an adult and it's only been a few months, suck it up and deal. I'm just so *tired*. I don't know how else to explain it. Tired of not having any time to do anything. Tired of feeling like the entire day is gone and I'll I've had time to do is run errands and go to work. + +I can't say anything to anyone because I'm probably seen by my coworkers as some dumb little princess who's never worked a "real" job and can't handle being an adult because I've always worked for small companies in customer service in an office with normal hours, without having to worry about coming to work sick. +I want to start investing my money monthly really bad. I don’t know why but I have the feeling there is an market crash incoming. If I start now, I will be buying on the top. But if there will never be such an crash I will lose a lot of time. Right now a lot of stocks are at ATH. + +I already waited a long time. Made a solid investment pie. Got an dividend goal set. Just this thought holding me back on going all in. + +Do you guys also think there is something going to happen or am I sounding paranoid? Please do be honest. +I was convinced that the market was on it’s way up. There was not much news that could come out that wasn’t priced in. Normally, I would have done two things: bought stocks, or bought calls. Both moves would have me in the red right now. Instead I sold puts on stocks I believed in. The market went south and I might get assigned, but I will buy them 15-20% cheaper than I would have otherwise and get to keep the premium! +It started with a plan to raise 15M. Reasonable. They pushed it up about a week before today to 24M - a 60%jump. Then they reduced the BAT given out per ETH from 8000 to 6400. With 1B tokens available in the crowdsale, that's 156,250 Ethers being raised. The ETH to USD rate now is about $192. That makes it a cool $30,000,000. And that folks, is how you do a token sale. + +From Gnosis to that other one with a hidden upper cap to cap resetting STORJ to BAT, ICOs are becoming a wet dream for money grabbers. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +G'Day my Aussie autists, + +Just stumbled across this subreddit today and have seen ETF's like BBUS, BBOZ and GEAR seem to be pretty popular for those looking to secure some tendies. + +But guys lets be honest with ourselves here the 2-3x leverage you get on these ETF's just isn't enough. If we want to be sailing off into the sunset on a yacht snorting coke off a strippers tits then we really need to take it up a notch. + +Now i know what you are going to say next: + +"OHHH BuT I DoNT haVE AnotHER cHoicE BecAUse ThE AuSie OptIONs MaRkeT hAS No LiQuiDitY" + +Whilst this is certainly true a real degen knows that Australia has a secret weapon that not even the fags over on WSB can use - May i introduce to you CFD's. + +Now old mate ASIC has been having a go at CFD's recently but unlike over in the US they are still 1000% legal here in AUS. + +In absolute laymans term a CFD is a contract you have with your broker where the value of said contract is based on the price movments of an underlying asset. So loosely speaking you can have a CFD for CBA shares and if the price of CBA goes up/down so does the value of your CFD. + +BUT here's the kicker - CFD contracts can be offered with leverage as high as 500:1 (And even higher in some cases). So that $50 you have in a CBA CFD is really giving you exposure to the profit/loss on a $25,000 position in CBA. That means a mere 5% price move turns your $50 into $1,300. + +So if you are looking to sit at the big boys table ditch that Betashares normie shit and start leveraging to your fucken eyeballs. +I will be opening a short position in $TSLA today at $2000. + +This is just a quick PSA for those who like to keep tab on my trades and inverse them. + +Happy Friday adlays. +My wife and I were going over our new budget and she asked at what point do we move money from our transactional account to savings. And at that point I realized I hadn't checked the student loans in a while and sure enough those payments have to be added back to the budget. I know a lot of people aren't comfortable right now, but just know that they expect those payments whether or not the virus is still here. +My dad doesn't have any type of insurance. 3 weeks ago he had an ischemic stroke and needed a few days in the ICU. That's a $9,000 bill. Recovery was going alright for the first 2.5 weeks, he's now mentally and physically disabled though. Then, he had an upper GI bleed, caused him kidney and liver failure. He got pneumonia too on top of that. $31,000 bill and counting (still in the ICU). + +I'm supposed to go to college next month. We had money to support my college funds, and pretty much all of it is lost. I've already paid my first few semesters and I think it would be a waste not to go. + +My mom is dirt broke, so am I. We have to sell our house, car, and any other assets that we have. My father's medical bill is expected to reach $80,000 to $100,000 in a year. + +Is there anything I can do to help my family? I live in Indonesia so I can't use any help from any foreign organizations. Life is looking dark to me, and I'm afraid that it would be inevitable that I'm heading to a future of poverty. + +Thank you for the help. +[Why Mortgage REITs are plunging Friday](https://www.google.com/amp/s/www.fool.com/amp/investing/2020/04/03/heres-why-mortgage-reits-are-plunging-on-friday.aspx) + +Despite three day market rally last week REIT stocks are at their lowest ever. For some companies margin calls aren’t being met and for most dividends are being cut or stopped altogether. + +With this in mind this could either be one of the best long opportunities in the post coronavirus market or one of the first industries to collapse. + +Sentiment among investors on the potential of these stocks is most likely shifting even now but why do REIT stocks maintain such a positive forecast? + + +[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) | [📈 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) | [🤔 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) | [💡 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) | [📰 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) | [🚨 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) | [🏆 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +How is the Property Market business in the UK still allowed to be so poor in terms of info for buying and selling given how important it is to the purchaser and the seller? + +Most estate agents appear to be clueless in terms of providing information on the property they are selling, barely any information is required to sell a home where a lot of the risk falls on the purchaser. + +Basic info like when was the last time the boiler was serviced/replaced, any known issues around heating/plumbing, damp, roof issues etc, none of this is provided. Instead, the purchaser has to get it checked by a surveyor who may or may not be experienced. + +On top of this the mis-information tactic from the estate agents is completely unregulated. I get it, they work for the seller, not the buyer but it seems incorrect where there is no transparency. They play a game with no consequences. +# Part 1: Intro + We have to be adaptable + +Good afternoon and happy Sunday, Apes. I hope you all had a great weekend. I'm starting this post off with an intro so feel free to skip ahead if you don't care to read it, lol. + +I am not one of the brilliant quants or leading DD theorists, but I have contributed to this sub largely through explanation of complex concepts in simplified terms. I often consider myself to be a “reality check” for this sub. I like to correct FUD when it has no basis and to slow down the conspiracy theorists that allow runaway ideas to shape our understanding of markets. See my comment [here](https://www.reddit.com/r/Superstonk/comments/ou9d2v/the_abuse_of_this_how_do_you_even_make_your_own/h716nly?utm_source=share&utm_medium=web2x&context=3), for an example. + +[After Criand actually responded to my comment, my wife's boyfriend gave me extra allowance for that month :\)](https://preview.redd.it/68is2ogr45n71.png?width=730&format=png&auto=webp&s=24ea48cc9a103265bba7aec61ede27ef0bb323bb) + +As an IRL teacher, I do my best to speak in simple and easy to understand terms and I try to clear up any misconceptions plaguing the sub whenever I can. In class, I also sometimes need to be a bit firm with my students in order for them to refocus and continue their educational progress. + +*Mr. Chukumba, put your phone away and pay attention or I'll have to write you up... TAKE IT OFF YOUR DESK, MR. CHUKUMBA!* + +I can't be firm with you guys in the same way, but I can plea with you. So if this post sounds a bit desperate, its because I am. We have been handed the key to forcing the MOASS but it requires a bit of work from everyone... Are you up for it? + +[oof. Queen Kong ftw](https://preview.redd.it/v20sd4qz45n71.png?width=640&format=png&auto=webp&s=44fd71541e25e761782571b16cf8047929a7cd61) + +&#x200B; + +# BEGIN READING HERE, AFTER INTRO: + +That being said, we need to refocus. We need to adapt. Something has happened. + +Friday night, Dr. Trimbath joined a Twitter Space for a live Q&A. Less that 300 people were in attendance and they had an “off record, no recording” rule in place. Dr. T also never said anything about the no recording rule; it was just something an Ape from the *other stock* put in the title. + +My deepest apologies to anyone upset by this, but in the age of the internet, once it’s out there, it’s out there. I recorded a few sections of the Q&A and it is incredibly important that all apes hear this. + +Here’s the takeaway/ TLDR: + +We can be the catalyst if we register our shares with ComputerShare. Yeah, you've probably heard that before, but Friday night, **QUEEN KONG GAVE US THE INSIGHT WE NEED TO STOP MERELY PUTTING PRESSURE ON SHF'S AND STAND ON THEIR F\*CKING THROATS.** (See videos below) + +We haven't given ComputerShare the intense focus that it deserves and Dr. T reiterated and emphasized that point Friday night. This is an easy and simple way to **force Wall Street "into a panic" and to demand action from the SEC.** + +Yeah, this is based on history.. and last time, the SEC actually did do something. (crazy, I know) + +&#x200B; + +\*Apologies in advance for having to use a link- Reddit wont allow me to post a video with sound.\* + +I've typed out a couple important quotes but listen to these two videos real quick: + +[https://streamable.com/u6dj6d](https://streamable.com/u6dj6d) + +*"But is simply holding the shares going to force them to cover? No... If you take ownership of the shares, if you get them away from the brokers, from street name, you can push the issue."* + +Further explanation here: + +[https://streamable.com/gatg6c](https://streamable.com/gatg6c) + +"*The only scenario under which they actually have to cover it is if you try to take your share away."* + +&#x200B; + +Well first, let's all take a second to breathe. + +&#x200B; + +That's a little scary to hear. If Dr. T is correct, which of course she is, we need to face the reality that just buying and holding isn't enough to force the MOASS. + +That's right, our sacred mantra and it's iterations, "buy and hold," "buy, hodl, vote," "buy, hodl, shop," are not enough to force our X0,000,000 price target. + +(\*\*It may be worth mentioning, one thing that Dr. T may not be considering is that it is significantly more expensive to hold GME than it is other Naked-Shorted stocks because we are not trading at $0.0001- $2. At a price of $190, we are significantly more expensive to maintain and manage as a short position- not even mentioning the new NSCC rules mandating increased collateral.\*\*) + +But all the same, lets assume that the SHFs will always have the necessary collateral to maintain their positions, as Dr. Trimbath implied. In that case, the only way to force them to cover is to try to take the shares away. B/ds are not our friends... So how do we get them away from the brokers? + +Additionally, if we don't react appropriately and take back our shares, is buying and holding enough to continue to profit? Actually, yeah. With RC at the helm, GME will be successful no matter what and it will likely outperform the S&P 500 for years to come. However, if all we do is buy and hold, a slow Tesla-like squeeze is far more likely than a MOASS because maintaining the required capital for their positions is far too easy for SHFs. + +But don't lose hope, friends. There's more... And this is where it gets exciting: + +&#x200B; + +"*That's when the shit hits the fan."* + +[https://streamable.com/6acmhd](https://streamable.com/6acmhd) + +&#x200B; + +Okay, so to rip the band aid off real quickly, yes, the guy asking the question is a holder of the *other stock*, but Dr. T's response is far more relevant to GME. Adam Aaron confirmed that share holders only own 80% of the *other stock*, but we know that we own the GME float many times over. Also, see the first picture I posted. She knowssssss + +When the guy asks his question: "So if all of us were to do this..." He is referring to transferring shares into/ buying shares through Computer Share. The entire conversation is centered around Computer Share. + +In my recordings, the last time anyone mentioned Computer Share was at least a few minutes prior to the clip I selected and the time in between was filled with Dr. T explaining concepts most GME Apes already understand. You guys will have to take my word for it on this one. If the Mods would like proof, I'd be thrilled to provide it, because it means the Mods are reading this post! (I explain later why its critical that Mods take an active role in promoting Computer Share.) + +# Part 2: So how does this ideally play out? + +&#x200B; + +First off, the task lies with American Apes. + +Sorry EU, Canada, Asia, and the rest of the world, I don't know how you can have your shares directly registered in your name. If anyone in the comments can help me out, I will edit this and provide links. + +Edit: I was wrong!! According to u/allthefeelz_forrealz, "\[Computer Share\] is open to many countries outside of the US - lots of Canadian apes have transferred to Comptershare, and there's a list on CS website that says which countries participate (there's a lot of them)." Lets gooooo! + +&#x200B; + +Moving on. Remember this? + +&#x200B; + +[Mods verified this!](https://preview.redd.it/t2ypl1e355n71.png?width=355&format=png&auto=webp&s=59fbc662d19f79700610d336c7bf1c9ece891af8) + +Turns out, SuperStonk Mods looked into this and verified that the real number was something like 2.5 million shares a week ago. I don't have the link to the post but the true number isn't important right now. What's important is that we have access to a live count of shares directly registered to our names and can make that information public. + +BTW, publishing verifiable positions is NEVER FUD. The SHFs know exactly how much they shorted and thanks to swaps (shout out to u/criand, again), they likely know how much other SHFs have shorted. The information gap is ours, not theirs. Imagine if the public could confirm what we speculate. + +Obviously, American Apes own the float many times over. We Americans can do this ourselves. We don't need Europe or Canada or the rest of the world. By the end of the quarter, we can easily get that number to match the float. (I've seen estimates of 35 million, 56 million, and 62 million) \*If you some how missed it, see [this exceptional post](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/hciatum/) to understand potentially why Yahoo is showing 248 million.\* + +# Speculation Alert + +~~Personally, I don't even think its essential that we transfer our shares. And I wouldn't recommend transferring every share you own. There is a small fee required when you sell your shares through CS and there is a short delay in the process.~~ \*Edit #3: Redacted. Transfer your shares. Everyone.\* + +I know it sucks to hear that, but it is essential that we do this. And if you really believe in the MOASS and you trust your fellow Apes, then we can easily force this issue. + +# End of Speculation + +From this point forward, every dollar you invest MUST be through Computer Share. And if you decide to transfer your shares over, you are a true hero for this sub. If you chose to continue to buy through Fidelity, you are helping increase the price of GME (likely through odd-lots), but you aren't helping the development of the MOASS. + +Transferring is the fastest way we can force the issue. If every American Ape did this on Monday at open, **Friday next week or the following Monday would be the definitive start to the MOASS.** + +This definitely wont happen, unfortunately. + +I mean, I love you all, but its pretty safe to assume that not EVERY Ape looks at SuperStonk every single day and not EVERY Ape is going to go through the effort. However, even if we have to tediously and slowly buy shares throughout this quarter, this year, or even this decade, eventually that would work just as well. Brick by brick, one way or another, THE MOASS IS F\*CKING ON! + +Imagine the hype, watching the mods provide a weekly update with how many shares we own in CS. Imagine the panic, as Wall Street watches the number of shares climb closer and closer to the supposed float. Imagine the institutional level FOMO that would take place as the world comes to terms with the fact that a bunch of dumb money Redditors beat Wall Street at their own game not just once in January, but TWICE! Imagine those douche bags in the photos from 2008 as homeless and suffering Americans protested during Occupy Wall Street. And imagine the Banks that profited going behind bars or at least out of business. + +# Part 3: So, how can we make this happen? + +Transfer shares and buy shares from Computer Share... + +Just kidding. Just saying that isn't good enough. + +It's time to recommit and refocus. Remember how united we were when it came to voting? Remember seeing the comment threads and every single account had the 'Voted' flair? We have to reach that same level of commitment across the entire sub one last time. + +We will desperately need Mod support for this one. A new flair and daily announcement will shape the culture of the sub. Tag them on this so they see it. + +Many zen apes have stopped watching the sub as religiously as they have in the past, but we'll need their support too. + +BTW, "Zen" is what the HFs want! They don't want you to take action! They don't want you watching them and staying up to date on the DD! They aren't stupid and they aren't going to lose this war if we are passive. + +&#x200B; + +~~American~~ Apes, this is your call to battle. This is where we make our stand. One united attempt to take out the Short HFs for good. + +How much do you love this community and how badly do you want this to happen? What lengths are you willing to go through to put an end to Wall Street's corruption? + +&#x200B; + +[Sorry about the typo, I didn't make this one. ](https://preview.redd.it/mxhwmlq555n71.png?width=539&format=png&auto=webp&s=d7667eecf171e070562d75fc80fc468766cbb35e) + +# Part 4: TLDR/ Important Points: + +\- Buying and Holding is not enough to force the MOASS. Short Hedge Funds are smart and it was never going to be that easy. If that scares you, go read the post because we have a way out! + +\- GameStop is still a remarkably strong investment going forward with fantastic upside potential and maintains Tesla-like slow squeeze potential as the absolute worst case-scenario. For Citadel and company, the short positions are still liabilities and the SHFs will want them off of their books, even if it takes years to cover. + +\- We have to have a shift in the sub's method of operation if we want to force the MOASS. My post will not be enough. We have to get American Apes transferring to and buying from Computer Share. Doing this is a far more important and reliable method of forcing MOASS than voting ever was. We need your help, Mods. + +&#x200B; + +Edit: For those saying this is organizing/somehow tied into us manipulating the markets... This is absolutely the same thing as saying "Buy and Hold." Its just saying to do it through CS so that we are no longer victims of a systemic crime. Telling Apes to vote their shares was a call to action and there's obviously nothing wrong with that either. In no way shape or form can this be considered manipulation- if it was, Dr. T wouldn't have suggested it. + +I understand where you're coming from, though. + +&#x200B; + +Edit #2: [How to switch Computershare shares to “book” entries by terminating from the dividend reinvestment plan](https://www.reddit.com/r/Superstonk/comments/pn1od0/calling_american_apes_to_action_this_is_our_best/hcmdkt2?utm_source=share&utm_medium=web2x&context=3) +I’ve been investing in Tesla since May 2019 at under $200/share pre-split. A year ago, I got introduced to options and decided to try it out. I got hugely lucky with timing. Here are my option plays that gave me the biggest returns (I had other smaller wins and a few small losses): + +Jan 15 171C **$11,400 -&gt; $585,650** + +Mar 16 $150C **$15,780 -&gt; $297,675** + +Mar 19 $240 **$17,160 -&gt; $774,300** + +**Total $44,340 -&gt; $1,657,625** + + +I exercised these all early. + +&amp;#x200B; + +https://preview.redd.it/jgcxjmlmyif61.jpg?width=886&amp;format=pjpg&amp;auto=webp&amp;s=14d1ce44d0b71546455cc8ba527b0366e4c1df59 + + +UPDATE 1: +FAQs since y’all ask the same god damn questions +- Why exercise instead of sell the contracts and just buy the shares? Because they were so in the money I would have had to pay massive short term capital gains taxes. +- when did you buy the contracts? 9-12 months ago. +- do you still believe in TSLA? Yes, it’s my biggest holding. It’s the most innovative company of our lifetime and will probably be the world’s most valuable company before the end of the decade. +- will you teach me options? No, read/watch everything you can to learn. +- what options are you buying right now? Basically none, all you degenerates have driven up the premiums and there are few good deals. I buy shares and I sell options on occasion. Only ~5% of my portfolio is options. +- what stock should I buy right now with my $38? I don’t give financial advice. Read my post history to see what I’m buying and decide if you like any of the ideas. + +UPDATE 2: + +To all the dudes Messaging me: follow me if you want to know my next play. I’m not going to Message it to the 250+ people who messaged me tonight. + +To all the ladies sliding into my messages: thanks for the kind notes. I like volunteering with puppies, sunset walks on the beach, and getting cat-fished. +I thought yall were just fucking around when you talked about your wives boyfriends. Turns out, mine actually had one! What the fuck! If I didn't belong here before I certainly do now +👍 **Another day, another good news : MEMES TOKEN is now first gainer on CMC !** + +[https://coinmarketcap.com/gainers-losers/](https://coinmarketcap.com/gainers-losers/) + +🔥 We had about x4 holders in 24h 🔥 + +**Why invest ?** + +We have a functional proof of work demo on which you can create NFT for free (test environment) + +🤡 [https://app.memestoken.com/](https://app.memestoken.com/) + +2. It is rug-pull proof: + +🕵🏼 Doxxed Dev: + +fr.linkedin.com/in/killian-allegrain-7b3265180 + +🔒66% of liquidity LP is locked : + +[https://dxsale.app/app/pages/dxlockviewv1?id=73&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockviewv1?id=73&add=0&type=lpdefi&chain=BSC) + +🔒29% wallet is locked and community chose the usage of the 3T going out every month : + +[https://dxsale.app/app/pages/dxlockview?id=1&add=0x9135393363DD2Cc52B5A90d01c6e853a5D2d4B4D&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1&add=0x9135393363DD2Cc52B5A90d01c6e853a5D2d4B4D&type=tokenlock&chain=BSC) + +3. We are still a low marketcap token + +💵 about 12.2M$ if you take in consideration all tokens + +💵 about 11M$ if you remove locked / burn tokens + +4. It is a community project, we look forward for more feedbacks from the community to improve our product ! + +👂 [https://forms.gle/4CmU9AwhrD2aNaNN7](https://forms.gle/4CmU9AwhrD2aNaNN7) + +📈 BSCSCAN : + +[https://bscscan.com/token/0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975](https://bscscan.com/token/0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975) + +💰 PancakeSwap (USE V1) : + +[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x40b165fd5ddc75ad0bddc9add0adabff5431a975](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x40b165fd5ddc75ad0bddc9add0adabff5431a975) + +⬆️ WEBSITE : [https://memestoken.com/](https://memestoken.com/) + +💎 Twitter : [https://twitter.com/MemestokenO](https://twitter.com/MemestokenO) + +💎 Discord : [https://discord.gg/rQQWY3auAG](https://discord.gg/rQQWY3auAG) + +💎 TG : [https://t.me/MemesTokenOfficial](https://t.me/MemesTokenOfficial) https:// +Looking for an advice on a Rental property. So , here are the specs : 1500 sq.ft condo constructed in 2004 . Currently there are tenants living and looks like they wanted to continue to live in there renting about $1800. The loan looks like this : 1100 per month over 30 years , property tax is $4000 per year , HOA is $200 per month and Home Insurance is $300 per year. And top to that the Rental management charges about $150 every month. All in all ; I'd be shelling out about $100 a month from my wallet and not to exclude Home Warranty which is about $500 per year. + +Wanted to know if its really a deal to really invest in a rental property. A side note ; we are debating if we should continue in stocks or should we divest in RE(don't put all eggs in the same basket). + +Trying to understand where is the real appreciation coming from? If we see the numbers above; there's not a dime every month that I'm saving rather shelling out from my wallet. Except for the fact that the appreciation over the next couple of years ; I'm not seeing anything. Am I missing anything? +https://preview.redd.it/c1fwauz8bmf71.png?width=720&format=png&auto=webp&s=5d7947edec174a0d3d9a10bdf6b576f7cfa107ec + +* C2: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Enhance and Clarify its Price Adjust Process and Modify the Bulk Message Fat Finger Check](https://www.sec.gov/rules/sro/c2/2021/34-92574.pdf) (Release No. 34-92574; File No. SR-C2-2021-011); see also [Exhibit 5](https://www.sec.gov/rules/sro/c2/2021/34-92574-ex5.pdf) +* CBOE: [Notice of Filing of Amendment No. 1 and Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, to Increase Position Limits for Options on Certain Exchange-Traded Funds and an Exchange-Traded Note](https://www.sec.gov/rules/sro/cboe/2021/34-92581.pdf) (Release No. 34-92581; File No. SR-CBOE-2021-029) +* CboeBZX: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Modify the Bulk Message Fat Finger Check](https://www.sec.gov/rules/sro/cboebzx/2021/34-92575.pdf) (Release No. 34-92575; File No. SR-CboeBZX-2021-054); [Exhibit 5](https://www.sec.gov/rules/sro/cboebzx/2021/34-92575-ex5.pdf) +* CboeEDGX: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Enhance and Clarify its Price Adjust Process and Modify the Bulk Message Fat Finger Check](https://www.sec.gov/rules/sro/cboeedgx/2021/34-92576.pdf) (Release No. 34-92576; File No. SR-CboeEDGX-2021-035); [Exhibit 5](https://www.sec.gov/rules/sro/cboeedgx/2021/34-92576-ex5.pdf) +* DTC: [Notice of Filing of a Proposed Rule Change to Provide Settlement Services for Transactions Entered Into Under the Proposed Securities Financing Transaction Clearing Service of the National Securities Clearing Corporation](https://www.sec.gov/rules/sro/dtc/2021/34-92572.pdf) (Release No. 34-92572; File No. SR-DTC-2021-014); see also [Exhibit 5](https://www.sec.gov/rules/sro/dtc/2021/34-92572-ex5.pdf) +* ISE: [Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend ISE's Options Regulatory Fee](https://www.sec.gov/rules/sro/ise/2021/34-92577.pdf) (Release No. 34-92577; File No. SR-ISE-2021-16); see also [Exhibit 5](https://www.sec.gov/rules/sro/ise/2021/34-92577-ex5.pdf) +* MEMX: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend its Fee Schedule](https://www.sec.gov/rules/sro/memx/2021/34-92579.pdf) (Release No. 34-92579; File No. SR-MEMX-2021-09); [Exhibit 5](https://www.sec.gov/rules/sro/memx/2021/34-92579-ex5.pdf) +* NSCC: [Notice of Filing of Proposed Rule Change to Establish the Securities Financing Transaction Clearing Service and Make Other Changes](https://www.sec.gov/rules/sro/nscc/2021/34-92570.pdf) (Release No. 34-92570; File No. SR-NSCC-2021-010); see also [Exhibit 5](https://www.sec.gov/rules/sro/nscc/2021/34-92570-ex5.pdf) +* NSCC: [Notice of Filing of a Proposed Rule Change to Remove ID Net Transactions from the Required Fund Deposit Calculations and Make Other Changes to the Rules](https://www.sec.gov/rules/sro/nscc/2021/34-92566.pdf) (Release No. 34-92566; File No. SR-NSCC-2021-011); see also [Exhibit 5](https://www.sec.gov/rules/sro/nscc/2021/34-92566-ex5.pdf) +* NSCC Advance Notice: [Notice of Filing of Advance Notice to Establish the Securities Financing Transaction Clearing Service and Make Other Changes](https://www.sec.gov/rules/sro/nscc-an/2021/34-92568.pdf) (Release No. 34-92568; File No. SR-NSCC-2021-803); [Exhibit 5](https://www.sec.gov/rules/sro/nscc-an/2021/34-92568-ex5.pdf) +* NYSE Arca: [Suspension of and Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Amend the NYSE Arca Equities Fees and Charges](https://www.sec.gov/rules/sro/nysearca/2021/34-92583.pdf) (Release No. 34-92583; File No. SR-NYSEArca-2021-52) +* OCC: [Notice of Filing of Proposed Rule Change Concerning The Options Clearing Corporation's Governance Arrangements](https://www.sec.gov/rules/sro/occ/2021/34-92584.pdf) (Release No. 34-92584; File No. SR-OCC-2021-007) +* Phlx: [Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Phlx's Options Regulatory Fee](https://www.sec.gov/rules/sro/phlx/2021/34-92585.pdf) (Release No. 34-92585; File No. SR-Phlx-2021-39); see also [Exhibit 5](https://www.sec.gov/rules/sro/phlx/2021/34-92585-ex5.pdf) +[https://www.ft.com/content/ae252310-d619-11e9-a0bd-ab8ec6435630](https://www.ft.com/content/ae252310-d619-11e9-a0bd-ab8ec6435630) + +**Article text:** + +The London Stock Exchange Group has strongly rejected the unsolicited £32bn takeover approach from Hong Kong Exchanges and Clearing, questioning whether its Asian rival can sustain its position as a “strategic gateway” to China in the long term. + +In its formal response on Friday, the LSE said its board had “fundamental concerns” about the feasibility, value and structure of the offer. + +HKEX surprised the LSE and the market earlier in the week with a cash and shares offer for the UK group worth £83.61 a share. + +The LSE — which is trying to secure its own future with the $27bn purchase of data and trading group Refinitiv — said it had been “disappointed” by HKEX’s decision to go public on Wednesday, only two days after the two sides had first met. + +“The board unanimously rejects the conditional proposal and, given its fundamental flaws, sees no merit in further engagement,” the LSE said. + +“There is no doubt that your unusual board structure and your relationship with the Hong Kong government will complicate matters. Accordingly, your assertion that implementation of a transaction would be ‘swift and certain’ is simply not credible,” the LSE added. + +HKEX is seeking to gatecrash LSE’s purchase of Refinitiv before shareholders vote on the deal at the end of the year. Many investors have backed the strategy to pivot towards data as laid out by David Schwimmer, the LSE chief executive. + +Charles Li, HKEX’s longstanding chief executive, has argued that his proposal is superior to the Refinitiv deal because it will allow the combined group to benefit from the growing links between China’s capital markets and the rest of the world. + +Hong Kong’s bid comes at a time of social upheaval in the Asian financial hub and continued convulsions over Brexit in the UK. + +The LSE also raised concerns that three-quarters of Hong Kong’s offer would be in shares, as well as the likely problems that the takeover would have in gaining approval from global regulators. “The ongoing situation in Hong Kong adds to this uncertainty.” + +The LSE added that it remained committed to its proposed acquisition of Refinitiv, with regulatory approval processes under way. + +London Stock Exchange shares were trading 2 per cent higher at £73.98 after the rejection. +Thank you to everyone who replied on my [other post](https://www.reddit.com/r/personalfinance/comments/pami2f/life_insurance_whats_the_average_cost_and_is_it/)! You were right and he recommended whole life insurance as well as term. His reasoning was that whole life is "not market exposed and tax free" and that it's important to have a part of your portfolio that's not market exposed (that was his response when I brought up investing that money instead of paying it toward whole life insurance each month). + +What's the flaw in the reasoning here? I didn't know how to respond because I don't know enough about investing. +Hi redditors, + +Most of the people in this subreddit are form US: CA or NY, so i think it would be of interest to see how it can be done on another side of the ocean and in less paying places. + +I'm 32, single, and just broke 1M$ level, so here is my story how i did it. + +I graduated in Russia as a scientist (nuclear physicist) ten years ago in 2011 and after that went for PhD in Germany. + +After the mortgage crisis in 2008, the prices of the real estate in Germany were also quite dumped as in US, so I sold my apartment in Russia and bought one in Germany. Prices and currency in Russia were quite high at that time, due to oil-driven EM bubble. The apartment was the initial bootstrap from my parents (love you, mam) and it was 4000k rubles(100k $). + +In following years, the ECB's QE interest rate policy has driven the real estate prices 3-4x times up in Europe, so my apartment is now worth 260k euros (317k $) + +During my PhD studies I had a scholarship 20k euros (24k $) annually post tax, living in own flat i.e. not paying any rent and saving aggressively. In my PhD years I realized that I want to achieve FIRE, so I could do my cosmic particles research and not be bothered by expenses of this "mortal world". Young scientists are usually stuck for ages in the short term "postdoc" contracts that pay almost nothing. Obviously one can not break into FI with such a shitty cashflow. + +That's why I pivoted myself into quantitative finance and in 2015 got a job in IB as a quant. Started at 55k euros (66k $) and grew into 80k (97k $). Also in 2016 I have opened brokerage account and poured into it all my cash savings at that time (70k$). Bought an index ETF and some tech stocks like NVIDIA, cuz I knew that GPUs gonna rock, since in a science we used them for a long time for massive scientific calculations. + +In the end of 2019 I decided to re-enter russian RE market since after the huge collapse in 2014 it started to recover from dirt cheap prices. My idea was that eventually the russian central bank will do the similar thing like QE as the bigger brothers did a decade ago. And it did so - interest rates have fallen from 15% in 2014 to mere 4.25% in 2021. So in 2019 I got lucky, a few month before Coronacrisis, I exited stocks and rotated into russian RE. I know I missed the "V" rebound in stocks, but RE also showed a massive 70% uptick. + +Also bought two BTCs in 2017 at 5k and sold a month ago at 57k. + +So now German apartment (317k$), a house (215k$) and other apartments (378k + 75k + 75k) are together 1M+ + +So i guess the lesson from this story is - QEs are your friends, try to get them as much possible in different places, they are some times not quite synced so there is an arbitrage :) +Any post that asks for stock or company recommendations has the same basket of companies recommended: V, DIS, MSFT, WM, MA. + +Most users seem to be parroting what they have already seen here and I’m also guilty of this. I’m certain most users that are recommending these companies don’t even know why they are doing it, myself included. + +I just want to mention this to anyone reading so that you do your research before accepting random recommendations on Reddit. And to those who bought these stocks based on these recommendations, you should take a step back and re-evaluate. +Hey AusFinance, + +Just looking for some advice here, I recently started a job at the end of last year - it was my dream job and so I was pretty quick to accept the offer without really pushing for anything. + +I got offered $77k, it was slightly less than what I was making as a contractor but it came with sick and annual leave. + +I was told it wasn’t a job of normal hours and was okay with that. + +However, after nearly 3 months here - I work a considerable about of overtime, like 10 hours or so a week. + +I found out that the guy in the role before me was paid higher despite me coming in with a wider skill set and I’ve also been given some slightly additional input that he wasn’t privy too. + +I’m pretty certain I’m the least paid in my team despite not being junior in any regard. + +My results have been pretty fantastic - like 300% up on certain KPI’s compared to the previous person. + +My 3 month review is in a couple of weeks and I’m thinking of pushing for $83-85k. Is this unreasonable? + +It’s just not that I’ve worked the role for this period of time, while I’m okay with the demands - I expect the pay to reflect it. + +Cheers. +Some people claim that they are making up to 3% a day using Cryptohopper and other similar bots. To be honest, I am not 100% sure if this is possible. I don't have any trading experience nor success so don't think I know what is possible or not.. My question is- is it possible, for some monthly rate, to pay someone who know what is he doing and know how to set up and periodically maintain a bot to be up to date with the market, and where to find that person? I would be happy with 0.5-1%/ day- basically any profit. At the end of the month I would be happy to pay that person 50% of the earnings. With the 1%/day and current market conditions, that profit would be around 300$ total. + +Also, I would happily pay the subscription for some good bot on Cryptohopper. The only thing that matters to me is that it's in my budget (up to around 150-200 USD per month), it's profitable (making more than 150-200 USD) and plug-and-play. The thing I know about myself is if there is any setting for anything, I will fu\*k it up :D, thats why simple setup is crucial. +The SPY was up 27% in 2021. Have any of you outperformed the index in the 2021 by trading short volatility / wheel strategies ? + +To me the amount of stressful decision making it takes to be short vol makes it hard for me to believe that any retail traders can beat the index by doing it. You constantly have to trade small else you will be margin called, which reduces your potential upside. + +Even if you find an underlying with high IV% and you think selling that juicy IV premium will compensate you, the stock has high IV for a reason - you are taking more risk (selling puts on GME = dumb). + +So is it worth it, or should we just buy the index (maybe with a bit of leverage) ? + +I dont even think Tom Sosnoff is beating the index. He just loves to trade everyday whereas most of us would prefer to be outdoors. +Hey everyone! + +Just a tiny background, I'm 28, newly on path to FI but trying to fully for it over next 10 years. + +Recently had a break up, it was only 6 months in but I feel that my wanting FI was a source of stress or at least contention. + +When is a good time to bring up FI in a relationship? Or can a relationship work if the other person isn't in board with FI? Finally, how is it best approached? + +I'd be interested in hearing other people's opinions about this! + + +I realise that not everyone will be on board with FIRE, so I don't talk about it much with friends/family. But I'd like to be completely open and honest in a relationship. + +EDIT: I think stress was a poor choice, but it was more something that separated us a little in that I liked to plan ahead every so often and reassess. I am not about living on the cheap, I still enjoy and do everything I want to do and we always went on dates and enjoyed ourselves. She just hated thinking about finances and planning ahead financially. It's not something I could really understand, but I am beginning to realise that the FIRE community is the exception rather than the rule. Most people hate financial planning, especially in 20s/30s. +I used to come here and see informative posts on tickers I've never heard of. I had intellectual conversations with people on sectors and learned new stuff about industries I didn't know about. + +&#x200B; + +Now I come here, and all I see is the same stuff, "I have 20k, where should I invest it?" or, "Is the market going to keep crashing?" This is supposed to be r/stocks, yet I haven't seen a single post about an individual ticker (that's not Tesla, NVIDIA, etc) in forever. + +&#x200B; + +I think the community here needs to shift away from talking about ETFs and focus more on the core of this subreddit, which is individual stocks. +Based on nothing but a trust me bro so be gentle. Put on your 85-level tinfoil hat and follow me on what I think is transpiring right now. + +I suspect the Gamestop Congressional hearings were all a show to put the faces front and center for people to remember them later should the DTCC need to liquidate major members. Citadel, Robinhood, and Melvin Capital were marked for death when they appeared before Congress. They were the chosen fall guys. + +The DTCC has been working towards its own survival ever since those hearings creating rules galore to handle liquidations. + +One of the biggest hurdles the DTCC had though was this idiosyncratic stock had so many open call contracts that should it squeeze too early, it literally could have been a bomb that fully destroyed the whole stock market. + +I suspect the DTCC themselves have been running the show for Citadel for most of this last year (or at the minimum KNOW exactly what Citadel is doing every step of the way). They Both KNOW this war is unwinnable, but they likely both believe the size of the explosion can be mitigated. + +So what did the DTCC do: + +1. They created/amended a zillion rules handling liquidations of its members. This added a major buffer to themselves while forcing its members to have substantially more (and better) collateral. + +2. The DTCC let every other meme stock (except our beloved GME) run in May and June. They got to neutral positions (or better) on all the other meme stocks. This mitigated a chain event where one stock ignited another and so on. + +3. I can't prove it, but I believe they put some version of a "chill" on GME stock for institutions. How else can one explain institutions lowering their GME positions as the price was artificially moved lower and no hedge funds jumping in now with the price below $100 on a company with no debt, massive tech hires, etc? If it looks like a duck, walks like a duck, it's probably a duck. + +4. And this goes deep into the tinfoil arena, but I also believe somehow, the DTCC/SEC convinced Ryan Cohen's team to announce their marketplace AFTER the myriad of call options expired this past Friday. I say this because any kind of hint the last couple of weeks from Gamestop or Ryan Cohen could easily have created a FOMO that ignited the gamma chain set up for January 21st. + +When the massive number of calls finished out of the money this past Friday, I believe MOASS has been cleared for takeoff from a major boss (the DTCC). Based on the news coming out today, I think we will see Melvin get liquidated soon. I also think the DTCC will load up the worst FTDS into Melvin so it will be an explosion bigger than Archegos was. It will have a massive number of GME shorts, FTDs, swaps gone bad, etc. But as bad as this will look, it's likely the tip of the iceberg to what still has to be resolved. + +That tip of the iceberg is going to create some massive nastiness in the markets. I suspect the DTCC will force a few others to fail (Credit Suisse seems likely, perhaps a bank or two, and likely even Citadel (or the market maker part of them at a minimum) as the DTCC attempts to hold it all together. + +I also think we are going to hear from Ryan Cohen and Gamestop very soon. + +And while the rest of the market implodes, we will get some version of MOASS. I say some version because I still expect fuckery somewhere (DTCC, SEC, Congress, etc that bails out many and somehow screws us apes for the infinite risk this stock possesses) + +and yes I do believe in DRS. It is one of the key reasons this has to get settled soon. The DTCCs biggest fear is the game is fully exposed to all as the fraud it actually is. And DRS is accomplishing that. +ETH is taking some serious beating.... but remember, since this is the second testing of the bottom which will likely not fail, this is the perfect time to buy. +London (CNN Business) - Companies have spent the years since the global financial crisis binging on debt. Now, as the coronavirus pandemic threatens to push the world into recession, the bill could come due — exacerbating damage to the economy and feeding a meltdown in financial markets. + +Looking to take advantage of low interest rates, companies have rushed in recent years to issue bonds whose proceeds could be used to grow their businesses. Corporate debt among non-banks exploded to $75 trillion at the end of 2019, up from $48 trillion at the end of 2009, according to the Institute of International Finance. + +As the coronavirus spreads — touching off a plunge in oil prices and a collapse in travel, and shutting factories from Italy to China — there is increasing alarm that companies in the energy, hospitality and auto sectors won't be able to make their bond payments. That could trigger a spree of ratings downgrades and defaults that would further destabilize financial markets and compound the economic shock. + + +Continue reading: https://www.cnn.com/2020/03/14/investing/corporate-debt-coronavirus/index.html +We sent in the birth certificate before the 30 day time period ended to verify a dependent via the company (BCBS's) online portal. That was 2 months ago. Today we got a letter saying they never received it and they've dropped her coverage. + +We have BCBS PPO. Our daughter is 3 months old and has a health issue. It looked like all her claims were being paid. They claim they sent us 2 notice letters. We never got any such thing. Obviously we would have acted immediately. The company site also says due to the COVID 19 national emergency we may have a year to add a dependent. Does anyone know anything about this? +Please help us; I'm panicked. + +UPDATE: Husband says it's Alight working on behalf of BCBS who didn't receive the document we uploaded electronically. + +UPDATE2: So here's what happened. We did not submit the birth certificate to the correct employee benefits portal for dependent verification. The file we uploaded apparently wasn't even the birth certificate. We have filed an appeal with the Benefits Proivder, Alight. I don't know what to do at this point if our appeal is denied except pay cash in full for all our newborn's medical expenses. I feel so lost. +tl;dr My university ignored all of my questions about a specific class while I was studying abroad and now I'm not going to graduate over 1.5 communications gen ed credits. + +It is so stupid that I’m in this situation and I’m at a complete loss for what to do. + +Since it's more or less impossible for STEM students to study abroad, many schools have some variation of "Euro Tech" or "International Engineering,” where you spend four years doing normal undergraduate stuff and then you study/intern abroad for a fifth year. At the end, you get a BA in a language and a BS in engineering. + +I’m in one of these programs, I finished my BS no problem, and then I headed to Germany to finish my BA. About two weeks into the semester, one of my classes was cancelled. This class was going to transfer in as 1.5 communications credits; I needed it to finish my general education requirements. + +This was in the beginning of November and I emailed my professor in the US asking what to do. No response. We had some assignments from our home university; in every single one I baked in “Oh by the way I’m worried about these credits.” No feedback was given. In December, my professor texted our group chat and said “We’ve gotten some questions about credit transfers; we’re going to send a big email on how to modify your transfer forms.” No one ever got an email. + +It’s now the end of the semester and my professor came to visit the partner university. I was finally able to ask: “Hey I can use some of these extra German credits for my communications requirement, right?” The answer: “Oh no, they’ll never allow that. You’re going to have to take that online during your internship. Maybe you should have spoken with the head of the language center.” + +If someone had taken 20 seconds to email me this in November, I could have taken an acceptable communications class. Since that didn’t happen, I now either a) don’t get my BA in German or b) spend $500+ to take an online class. I’m so frustrated because I asked for help so many times, they straight up ignored me, and now I’m the one who has to pay. Lastly, I think the idea of talking to the partner university is ridiculous, since this literally isn’t their problem. + +Does anyone have any ideas of what I should do? I paid so much money to do this exchange program and I feel like I’m being totally screwed over. Honestly I’m thinking about just walking away from my degree since I'm starting grad school in Germany next winter. Plus I'm unsure if a BA in German as a second language is worth $500. + +Quick Edit: I'm not asking for credit for a class I didn't take. There are two classes in question and they’re extremely similar: Technical Culture and Technical Communications. Technical Culture was marked as my communications credits but didn’t run. Technical Communications is running and would be transferred in as miscellaneous language credits. Since I don’t need extra language credits, I would like to use this class towards my gen ed requirement. Apparently this isn’t possible because the class is taught in German, even though the other class was also taught in German. The real kicker is that my other 1.5 communications credits are coming from a German listening class, which the university already approved. + +Double Edit: “My professor” is also the head of my program, the department chair, and my academic advisor. Actually they’re three people, I’ve been emailing all of them, and no one has responded. They sign off on my degree and can pretty much do whatever they want, since the dean wouldn’t question their decisions. Going above them would mean going to the dean of the whole college who, frankly, doesn’t care. Sorry; I tried to make it less confusing but somehow made it worse. +During Hoge Dev's AMA, it was stated they are doing the legwork for getting listed on large, Tier 1 exchanges. Many more audits, including the Dev team(yes they get audited too), finance audits, and code audits need to happen. +This all should go down within a few weeks, so if you ain't a hogler yet take a looksy. + +This is the OG meme defi coin, to all newcomers. This one is here to stay. Not tossed to the side and forgotten already, like 95% of the posts here. + +Hoge has a hard working, trustworthy dev team, a wonderful community over at r/hoge, and a twitter account blowing up with followers. + + +Hoge ✊ +# $Poodl🔒 + +**$POODL is a token that is driven and supported solely by its community. With over 7000 holders, the token has a very even distribution that incentivizes holding and collaborating to make $POODL successful.** + + +# What are the Tokenomics? + +**Original supply 100,000,000,000,000 11% has burned** + +**Current Supply: 89,000,000,000,000** + +**2% tax on transactions** + +**1% distributed** + +**1% burned** + + +# How is Poodl's Growth to date? + +Starting just under 2 weeks ago, Poodl has: + +&#x200B; + +Achieved over **6000** holders while gaining **500** new holders a day + +&#x200B; + +Has over **7000** telegram members gaining over **400** members a day (We have gained over **1500** members in the past 36 hours) + +&#x200B; + +Poodl has achieved a **9 million** dollar market cap and is growing. + + +✅ **Marketing begun already - partnership with Crypto Gains, with more to come, exposure rapidly increasing.** + +**2 million+ Instagram followers reached:** + + +**Urbantv Comedy** + +&#x200B; + +**Flipp dinero** + +&#x200B; + +And many other influencers and celebrities have posted about poodl + + +✅ **Coingecko + Coinmarketcap Listed** + +✅ **NFTS listed on Opensea** + +✅ **Whitebait USDT Pair** + +✅ **Low market cap** + +# Why $POODL is set for hyperbolic growth + + +\- **Staking plans in q3** + +\- **Charity partnerships lined up** + +**- Dedicated Marketing budget will be used on influencers, PR, Social, Paid ads, SEO, and much more!** + +**- More exchange listings** + +\- **Heavy marketing campaign (on social media platforms such as YouTube, Instagram, and TikTok)** + +**-Buzz and hype are growing exponentially.** + +**- Gain in tokens just by holding (Redistribution)** + +**- Decreasing supply (a deflationary token, similar mechanism to HOGE - we all saw how well that went 🚀🚀🚀** + +**- Strong Community (also a similar vibe to Hoge) #HOODLTHEPOODL** + + +Come and join poodl on their moon mission! + +&#x200B; + +Website: [https://www.poodltoken.com](https://www.poodltoken.com/) + +Etherscan: [https://etherscan.io/token/0x56a980328aee33aabb540a02e002c8323326bf36](https://etherscan.io/token/0x56a980328aee33aabb540a02e002c8323326bf36) + +WhiteBit: [https://whitebit.com/trade-pro/POODL\_USDT?type=spot](https://whitebit.com/trade-pro/POODL_USDT?type=spot) + +DEX: [https://www.dextools.io/app/uniswap/pair-explorer/0xcbc1ce4a9f18c6e8a0a328708ba6ab484f84bb47](https://www.dextools.io/app/uniswap/pair-explorer/0xcbc1ce4a9f18c6e8a0a328708ba6ab484f84bb47) +So my ex tenant is asking for a nearly 5 figure sum of cash to replace their moldy furniture. Here’s the timeline of events. +Tenant moved in about a year ago and bought new bed and curtains. +Around late December during rain event tenant noticed a high amount of condensation on walls and windows of master bedroom. +A handyman was sent in a couple days later to find a leak, or source of moisture, nothing found, but crawlspace under house was damp. +Shortly after, tenant noticed bath faucet leaking, and a plumber was sent out at soonest availability to fix. Bath faucet had been leaking through wall and into crawlspace. The leak was minor and the plumber didn’t believe it was enough water to cause the issue. By early jan, the tenant noticed mold growing on baseboards and bottom of mattress. +A mold and water damage company was sent out the following day to assess and found the mold was just surface mold and could be easily wiped up. But the damp conditions persisted. +A plumber was sent out again to look for sources of water and couldn’t find anything. +Around this time, I offered to give the tenant her final 30 days at no cost so they could leave before I continue searching for the issue. +The tenant remained in the house for another 25 days while more furniture and linens became damaged. +Tenant is now asking for a large sum of compensation including moving expenses. The renters insurance won’t cover damages without a direct cause +I feel that I tried to solve the issue in a timely manner and am not directly responsible. The tenant also did not notice the increasing mold until it was too late and nothing could be done. The main cause is still uncertain and I’m hiring professionals to clean up the landscaping and roof to rule them out as causes before selling or renting the property again. +Thoughts? +I was looking at a discussion on bigger pockets and the first poster caught my eye (it seems he bought his property at age 22 (estimating his age based on his LinkedIn) or so, and turned that into 100 units by age 29. + +Someone else mentions they started with a 4 unit, and got from that to a 900 unit property in 10 years. + +[https://www.biggerpockets.com/forums/432/topics/154169-100-unit-apartment-owners](https://www.biggerpockets.com/forums/432/topics/154169-100-unit-apartment-owners) + +How difficult is it to go from a 1-4 unit property, to 100+ units in 5 years, or 10 years, or etc? How likely is it? Do folks with those many units typically own them with partners, or are they able to afford it by themselves just by using their rental proceeds? + +What's the strategy to go from 1-4 units to 100+ units? +EDIT; THANK YOU FOR EVERY SINGLE ONE OF YOU, omg. I can't believe how much advice i am getting. it's so overwhelming. i am reading every single one of your posts and i can't respond to you all, but thank you thank you thank you. + +I requested a autopsy because: + +Yes, she had pancreatic cancer but it was early stages. She had surgery to get a tumor removed, and was doing chemotherapy because she had 2 lymph nodes that were infected. She was doing really well, generally tired, but not very many side affects from the chemo. On Monday, she went back to work, and she felt really good. Tuesday, wednesday, both good. Thursday she took off work because that is when she had chemo and she wanted to rest. Thursday she was talking to a family friend saying she was just tired and didnt feel very good. Thursday she probably should have went to the hospital but didnt. + +3 AM: My mother called 911 and told them she couldnt breathe. My grandma heard her and called out to her and she responded to her, and she was laying on the bathroom floor. Once the ambulance got there she was unresponsive and they took her to the ER and gave her medicine that would help her heart and then they would do CPR. once the medicine wore off, her pulse would stop, they'd give her more meds, and it would last for about 2 minutes. Her heart wouldnt beat on its own. They did this cycle about 12 times. They tried 1 last thing, gave her some medicine that is supposed to clear a blood clot, and see if that would help, but it did not. I had to make the decision (as her POA) to stop the machines and let her go. (i was watching them as they did this... and nothing seemed to help) + +As the family we decided to do an autopsy because we don't know exactly what caused her death. Yes she had cancer, but she said she couldnt breathe. A heart attack? a blood clot? We dont know, and the ER doctor did not know. My mother was my best friend, and I really took care of her these last few months, It's hard to see her go the way she did. + + +hi all, please bare with me. i am all over the place and i would like some guidance on what to do in this type of situation. +my mother just died unexpectedly yesterday. I have some guidance from family on what to do but i want to see what other people think so i am coming to you. + +My mother owned her house, only 10K left to pay on it. +She lost her job about 4 years ago or so, used all of her savings account and 401k to live off of. She finally got a job last year making half of what she used to make, but still able to pay her bills. She fell sick this year (stage 1-2 pancreatic cancer, found early, had surgery) so she was off of work since April. They were giving her half of her paycheck, and then whatever fell short I gave her money. I've paid her mortgage twice, I pay her comcast bill on the regular. My grandmother lives with her and she pays our phone bill. So all my mom really pays is the utilities of the house, and our car insurance. (me, her, and my brother). + +She has built up some credit card debt, which from what i can see on her bank account is $13K. She has some other bills that aren't paid, just because she couldnt afford it. + +My brother doesn't help her much, maybe a few hundred here and there, but it's never enough. I've used my savings account just to pay for her mortgage, when I live with my boyfriend and give him half for our mortgage too. Needless to say, My account is going down. I get $1,300 every two weeks for my paycheck. Depends on how much I work. + +Anyways, I called her Life insurance agent and he was going to put in a claim, although we have to wait for her death certificate and her autopsy report. Which having an autopsy done is costly and delays services. I just don't know what i am supposed to do with all of her bills, the car insurance, the phone bill, the house.. I don't know what to do with it all, and it may seem early to be thinking of this, but i want to be ready to know what to do. + +My grandma lives with her. I don't know what to do with my grandma. I think she plans on staying in the house but that's a lot of money to keep paying off when I don't live there. + +Also, I know she has a will. How do I find out about that? Do I need to get a laywer? + +please anyone.. help me + + + +EDIT: We live in Illinois. +Edit again: I forgot she has social security income from when my father died for me, and apparently they paid her "too much" so she was supposed to/have been paying that back too. I don't know if she has been. +I believe she owes the IRS money too. + +24 y/o here with a question related to an upcoming career decision: + +&#x200B; + +I've been offered an opportunity to move from a HCOL city to a MCOL city in the south with an associated pay raise and bonus offer. Tech job and the new role is with a large F50 company. + +&#x200B; + +I am wrestling with the decision based on my current quality of life and general comfort. I am sure that if I stayed at my current job I could perform well, keep an active social circle, invest moderately etc. The decision to move is a significant shift towards an investing first mindset, steep dropoff in current social circle, and basically a self-imposed exile to chase wealth. + +&#x200B; + +I frequent this sub fairly often and understand that a large amount of the FIRE (and specifically FAT) mindset comes from liquidity events after years of hard work and/or selling a business. + +&#x200B; + + My question is: how has your end goal affected the journey to get there? Do you feel as though the pressure to work hard in the beginning of the career was justified by the payoffs? I am going to accept the offer, but would appreciate any anecdotal stories or experience to help frame my own mindset for the next 3-5 years as I begin to accumulate significant wealth. + +&#x200B; + +Thanks in advance +Hi everyone, + +Europe, 30ish, 1 kid + +I decided to sell my business. It's an online education company, with a revenue of 2-3 M and an ebitda of a little under 1M. + +The question is pretty simple: should I hire a M´&A company to handle the transaction? It's my first time selling a company and the stakes are huge for me. + +I had a first contact with one M&A company. The feeling with them is great. The cost for me would be 5% as a success fee . + +The valuation of the company would be between 6 and 10M. This number is based on the typical ratio for similar companies in Europe, which is between x8 Ebitda and x12. Those numbers are confirmed by the M&A company and by an extract of 300 similar transactions that I got (without them). + +What do you think? Is it a normal price ? Am I better off selling without them? + +Thanks!  + +PS: excuse my bad English, I'm a non-native speaker. +I have tried now for days connecting with the Ib brokers server but I always get errors. Anyone who has a working example of a simple bot that succesfully connects and maybe do a few trades. The "TestCppClient" is very difficult to underestand and learn from, so it would be helpful if anyone had a more clear cut and easier to understand code snippet of a working bot. +I know de Prado's a bit of a hero here, paper is at SSRN + + [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3534445](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3534445) + +if I'm really honest, the first 6 words kinda put it in the realm of "when fairies and unicorns ran wild thru the glade" but hey, you have your rational market :-) + +okay, bring the hate .... +**BACKGROUND** + +Subhan Nadeem has pointed out that: + +[If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make it happen. You can help by taking one or more of the action steps below. +___________________ + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit. +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail +3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin + +IMPORTANT NOTE: The mempool is currently overflowing. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange + +__________________________ + +**SELECTED TOP EXCHANGES BY SEGWIT & BATCHING STATUS** + +| Exchange | Segwit Status | Batching Status | +|---------------------|---------------|-----------------| +| Binance | ~~?~~ *NOT READY* | **Yes** | +| Bitfinex | Ready | ? | +| Bitonic | Ready | ? | +| Bitstamp | **Deployed** | **Yes** | +| Bittrex | ? | **Yes** | +| Coinbase/GDAX | *NOT READY* | No | +| Gemini | Ready | No | +| HitBTC | ~~Ready~~ **Deployed** | **Yes** | +| Huboi | ? | ? | +| Kraken | Ready | **Yes** | +| LocalBitcoins | Ready | ? | +| OKEx | ? | ? | +| Poloniex | ? | **Yes** | +| QuadrigaCX | **Deployed** | **Yes** | +| Shapeshift | **Deployed** | No | + +[Source 1](https://bitcoincore.org/en/segwit_adoption/)(https://web.archive.org/web/20171212214514/https://bitcoincore.org/en/SegWit_adoption/) + +[Source 2](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) +___________________ + +**WALLETS** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | + +______________________ + +**TODAY's NEWS/DEVELOPMENTS/VICTORIES** + +- [Core is considering prioritizing SegWit GUI in the Core Wallet and pushing out an update fast without waiting for other features](https://www.reddit.com/r/Bitcoin/comments/7lc1n9/latest_bitcoin_core_irc_meeting_segwit_wallet_is/) +- [An Exodus Wallet representative has said they will not enable SegWit for now](https://www.reddit.com/r/Bitcoin/comments/7lcm1t/exodus_response_as_to_why_they_havent_adopted/) +- [Largest exchange in Brazil implemented withdraws using Segwit](https://www.reddit.com/r/Bitcoin/comments/7lgxnc/largest_exchange_in_brazil_implemented_withdraws/) + +______________________ + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $55USD per Tx +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 274K Unconfirmed Tx's +- [SegWit Charts](http://segwit.party/charts/) - 11% SegWit Tx's + +______________________ + +**FAQs** + +If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +- No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now. + +Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +- The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address. + + A transaction between two SegWit addresses is a SegWit transaction. + + A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + + A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address. + + [Source](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +What wallet are you using to "batch your sends"? And how can I do that? + +- Using Electrum, the "Tools" menu option: "Pay to many". + + Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +Why doesn't the Core Wallet yet support SegWit? + + - The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +- Draw your own conclusions based on their own words: + + [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + + [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + + + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) +- Day 2: [I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) + +Edit: Updated Segwit Exchange Status for Binance and HitBTC +So yesterday we had a collision after I had right of way. Police issued other driver a ticket. It When we called our auto insurer for advice and next steps, they told us that for them to get involved we would need to make a claim and that claim could result in higher premiums for us. It was suggested we go directly to the at fault drivers insurance. I saw a LifeProTip warning us that Insurance Company Adjusters may declare the car a total loss and initially offer us a low ball offer for a Cash Value Amount for our car that is drastically below Blue Book. Our Car was paid off. A 2011 Chevy Traverse in Good condition. I realize I will likely have to counter offer the other drivers insurance company eventually. + + +Question, Is it worth it to use my insurance to deal with their insurance, or should I just deal with the "at fault" drivers insurance and submit my clamis for car rental, doctor visits etc to them? +I live in a very “hot” housing market and purchased 30-acres (totally overgrown and run down) for $700k back in 2017. I currently owe $400k at 4.5% with 12 years remaining. + +We love it so much that we wanted to make it our forever home. So, I bought the neighboring lot at $25k/acre for 10-acres. It’s the highest point in this area and overlooks all of downtown, Colorado River, pecan groves, etc. + +Money owed for my 40-acres is $600k and my property taxes are around $5k/year. + +I want to build an “inheritable” home that I will spend the rest of my days in. The kind that my kids can give to their kids. The plans are done and the bids are rolling in.... + +I want to make sure I am getting an honest take on things because the interior decorators, builders, etc. are spewing all sorts of numbers out. + +Realistically speaking how would you budget the following? + +-Budget to furnish and decorate the house? I’m being told 25% of the value of the home + +-Budget to landscape at 18% of the value of the home? + +-Builders in my city are quoting anywhere from $250-600/sq ft. My jaw HIT the floor. + +This is a massive commitment (and dream) of mine and I am rather anxious. I’ve busted my ass, saved, and live way below my means. Even with that I’m scared that I’m doing the wrong thing. + +Comparable houses (on a fraction of the acreage) in my city are $5 million plus. + +Any tips on how to be extra smart about all of this? I find myself obsessively crunching numbers and pinching pennies. Help!!! +So a financial advisor reach out to me about a week ago thru linkedin, Im a software engineer and it seems our career attracts Financial Advisors due to high pay. So I've had a lot of FA reaching out to me over the years which I have been ignoring. + +Until now that I realized I might actually need their help, since I want to save money for a down payment for a house, also im thinking I might do better investing my 401k if there's an FA on my side. + +Anyways, i'm still not familiar with how this services works and how much the average cost of FA? also is this a lifetime commitment? since he's going to manage my retirement account? +I’m approx. 30 yo and I have just over $50k in a Roth IRA account. I no longer contribute to this. I have a 401(k) with my current position which I am actively contributing to, and will continue to contribute to. +I’m considering pulling $10k from my Roth to assist with my possible home purchase down payment. My plan is to stay in this property for at least five years but I could see it as a long term option also. +Is this a terrible idea? Should I not touch my Roth account? I appreciate your insights! + +Quick edit to say thank you so much for your thoughts. This is such a big decision and I really do value the varied opinions. What I've really gotten is there is no "right" or "wrong" answer. Thankfully it's not a MUST for me to pull from my Roth, but definitely going to keep the option in mind. Especially if I can quickly contribute back into the Roth, or if I expect the property value to quickly increase. +44 years old/$10M target/$3.2M + +From a peak of $4.6M, I am down to $3.2M today. The biggest regret was the 600k I put in VTI last year from a house sale at a price of $241 (because I cannot time the market ) and its down to $188. That is also the biggest relief since - if there is any chance of the market going up then VTI will definitely increase. If we end up like Nikkei then it would be sad. I am not selling anything including our 600-700K RSU per year but buying more VTI and other tech stocks, + +1. Sometimes I wonder if I should hoard more cash for leaner times? Right now, I only keep 50-60k around and the rest goes in the market/estimated taxes as I earn. +2. All stocks are on sale. I want to dump more money in FAANG for the thrill of purchase but my brain keeps telling me to stick to VTI. Good idea? +Has anyone here been audited? Or has worked for the ATO? Or is an accountant that’s seen it all? + +I’m a business student and honestly just curious about the process. It’d seem like a waste of resources to audit randomly and so there must be signals that make the system point towards a certain person/bank account, and I’d love to know what those signals are (yes so I can avoid them) +I saw a similar post a few months ago about cracking a six figure salary and thought I would share mine. I haven’t cracked the six (yet) but I am close and also extremely proud of the progress I have made over 7 years. + +For context, I was working in admin in the legal industry before shifting to HR whilst I finished the last two years of my university degree. + +Company 1: + +2015 - Legal Admin: 45k + +Company 2: + +2017 - Legal Admin: 55k + +Company 3: + +2018 - Legal Admin: 68k + +2020 - Legal Admin: 73k (increase due to performance, same role though) + +Company 4: + +2020 - Legal Admin: 76k + +2020 - Legal Admin: 78k (started early 2020 and received an increase mid-year) + +Company 5: + +2021 - HR Assistant: 68k + +2022 - Promotion to HR Coordinator: 75k + +Company 6: + +2022 - HR Advisor: 98k (finished uni, woohoo!) +For starters this seems to me like a total scam. But I'm no crypto expert and don't trade any. I figured I'd come here and ask the best. + +[Here](https://imgur.com/a/a3SJNMh) are a few screenshots showing the balance and the "support teams" response in order to withdrawal it all. + +They claim he needs to pay $62,000 in taxes from his own money separate from the balance in his account in order to withdraw. + +Here is where I come in. He calls **Me** asking if he can borrow $62,000. + +I told him I don't have the money simply because if it sounds too good to be true it probably is and I'm not taking that loss. + +Edit: Name of the exchange is ~~Coinlist~~ Coinlistxrt + +Edit 2: He put in 200k of his own money to "grow" it to 500k. + +Edit 3: Overwhelmingly everyone agrees it is a scam some saying they have seen it before. Honestly, I feel terrible for him. He invested 200k and as it seems like that money is forever lost. That's some nightmare fuel. That being said if you are going to invest 200K into **ANYTHING** you should know it better inside and out than your ex-wife. + +Edit 4: Press F + +Edit 5: [Norton Safe Web Report](https://safeweb.norton.com/report/show?name=coinlistxrt.com) courtesy of u/Admirable_Ad1430 for Coinlistxrt. + +Edit 6: Some people have brought to my attention that the URL for the official CoinList is not the same URL as in the screenshot. The official Coinlist domain is coinlist.co and the one in the screenshot is coinlistxrt.com + +Edit 7: Turns out while Coinlist has a terrible reputation it is not the exchange he was scammed through. Looks to me like he joined Coinlistxrt which is an imitation of the official Coinlist.co site. Thanks to those who pointed that out. + +Edit 8: Thank you for everyone who offered their support and helped out with this. This was my first post in CryptoCurrency and I want to say you all are awesome. I need to get back to work now. Thank you again! + +Edit 9: As I've seen said numerous times in the comments he was in fact recommended to this exchange by someone he met on tinder. + +Edit 10: A few incredibly nice redditors have reached out directly to offer assistance. I won't name them specifically but I am extremely thankful for their help. + +Edit 11: u/Gemini_George gave me permission to share his info. He has been helping me out tremendously and to bring further attention to the danger of these scams please visit this [link](https://www.gemini.com/blog/common-online-scams-and-how-to-avoid-them) + +Final Edit: Some people have been supportive and some have been fairly cruel but hey this is the internet. + +I wanted to say this. Scams are getting extremely elaborate. To go to the lengths of matching with someone on a dating platform to having organic conversation with them for weeks before this crypto idea was brought up is insane. Perhaps even more surprising is how there was proper grammar in their conversations for that length of time. The scam exchange they used is built to look pretty legit as well. After skimming through I did find some grammar errors though. + +These people are attacking on multiple levels involving emotional connection and a promise for a better future. They strike when your guard is down. As an outsider it can be easier to see the red flags but when you're in the hot seat thinking you've met someone who is looking out for your best interests it's not as clear. + +They started out by asking him to invest a small amount of money into the exchange. They said to make this work you need to time the node properly to profit which only happens during a small window of the day. He saw how his money "grew" and he thought he was being successful. To reinforce this they paid him out a portion of the money he "made". He continued on and on until he was eventually all in. That leads him to where he is today. + +I hope this brings attention to those who were unaware and that everyone stays safe trading. + + +[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) | [📈 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) | [🤔 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) | [💡 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) | [📰 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) | [🚨 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) | [🏆 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) 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!* +So I'm looking to again renew my car insurance on a 2011 Subaru Outback with only 90,000km on it. Despite being with the same insurer for years its still costing me $770 a year with a $650 excess. Brutal. +Its insured for market value. I just looked at their document and they are claiming market value is $4500. Where the hell are they getting this value from? The equivalent sale on used car websites it like $15,000+ +If sanctions on North Korea are lessened or removed altogether as a result of the upcoming talks, what would be the best way to attempt to capture the possible growth of a brand new player in the world economy? + +What American/Western companies would be the first ones in? + +What industries would be the first to catch up to the 21 century world? + +Do you all feel like me in thinking there could be some amazing opportunities in North Korea? +Hi. I'm just looking for some non judge mental advice. I'm a 39 year old man with a son, who is with me part time. I'm a gig musician, handyman, and I have part time jobs. I don't have savings, I barely make it by in the winter when gigs slow down, and my rent just went up. I feel like I'm one bad break away from being homeless, and I don't know how or if I can turn my life around. I can't imagine training for anything else while just trying to survive, and I have no money to put towards that. + +About me: No official technical training, but I would love to work at an auto shop or something. No college. I live in MA. + +EDIT: I hear and agree that I need a full time job. I'm working on that. As this is the finance section, I'm looking for advice beyond 'get a job.' I.e., is it a total fantasy that I could buy a small home someday?! Can I invest to have a safety net?! + +But I really appreciate everyone's advice and you're making things clear that I was kind of hesitant about. And you've really made me feel like I can turn this around. Thank you. +This subreddit is slowly going down same path that r/GME went down about two weeks ago. All of a sudden everybody is accusing everybody else of being a shill or a bot and memes are overflowing actual DD. + +It is very important that you realize that this is all FUD. I think that some people have realized how much we like memes and they are actively using that against us. Furthermore, they are making us doubt the people have led us up until this point. After all these months, do you honestly think that the mods here would suddenly give in to bribery? When the battle might soon be won? Of course not! As u/rensole says every day: stay excellent to each other. The strongest weapon the apes have is kindness, it sets them apart from angry shills. +I am 25 and have $60,000 in exclusively credit card debt. I don’t have a college degree and I make about $25k-$30k per year working as a waiter. I drive a 2000 Lexus ls400 worth about $3k. My rent is $300 per month. + +Is it worth it for me to just file for bankruptcy? It seems like I’ll never be able to pay it back at the current rate. + +Also my credit is wrecked pretty hard. + +I’ve never dealt with a lawyer. I was wondering how much it costs to file in Virginia typically? Am I looking at like $500 for fees or $5,000? +I switched companies in July 2019. The HR at my previous firm said that they usually pay out the match only by Jan/Feb of 2020, and I should transfer my 401k only then as it would be beneficial for me to get the match the company provides. + +When I emailed her this April 2020 to find out about the status of when the company will match 401k, this is what they said:  401K Retirement plan is a discretionary account which means contributions are not mandatory. + +My offer letter when I took up the job in Dec 2017 clearly says that 401k is offered to all eligible employees and company will pay 3% of your annual salary into your 401k plan. + +I am at a loss. Is there anything I can do about this? I don't know what discretionary account even means. It was not mentioned anywhere. I just want to get what was promised to me, and move my 401k account to new company. + +Edit: thanks so much for the replies! A lot of comments say that I need to be on active payroll to receive the match. When I left the company, the HR specifically told me that I should transfer my 401k in Jan/Feb 2020 because that's when the match will be added to my account. Why would they say that, if they know for sure that I won't be eligible for this? That's really unfair. Is there something I can do about it? Also for future, should I rollover 401k as soon as I leave? Just trying to understand how to save my match during my next move. Thanks again! + +Edit 2: yes, I did contribute to 401k. It's a 50 cent match for every dollar, up to 3% match. And I expect them to match 50% of the amount I have already contributed, nothing more or nothing less. Also, it's a small company. +Hi guys, so I’ve just bought a house that needs a bit of work doing but nothing structural, mainly just cosmetic except the driveway I’ll be putting in. I budgeted about 10 grand for everything but now when I look at how much things cost Ie. A brand new kitchen, or new windows and new flooring, it’s feels extremely overwhelming. The property is liveable and I see a lot of potential however I’m panicking at how much it’ll all cost to do. Anyone else had this, I just can’t help but panic! +I am a single 24 year old male with no kids and got a job with a great company right out of high school at age 18. Full benefits, 401k with 4% company match ($12,500 total in my 401k so far), great opportunity for advancement, quarterly bonuses, sick days, 4 weeks vacation, and THEY HELP PAY FOR COLLEGE (up to $5,600 per calendar year), the works. The only problem is, I am very unhappy working there. I get no satisfaction out of the work whatsoever, my coworkers are worse than a group of teenage girls when it comes to office gossip, I work a 10 hour overnight shift, and I cannot change my position for at least a year due to my most recent promotion. + +&nbsp; + +I have been attending college part time online at my local state university but due to my workload I can only take on about 2 courses per semester. At that rate, my schooling would be paid for entirely by the company but a Bachelor's degree will take a very long time to obtain. Lately, I have been obsessed with the idea of leaving my company, getting a part time job, and going to school full time for a degree somewhere in the field of STEM (most likely some type of engineering). I am having a very hard time deciding if this is a good idea for me financially both short and long term. I love this sub so much and have taken away such great information over the past few months and now I have come to you guys asking for guidance. + +&nbsp; + +Here are my financial particulars: + +&nbsp; + +Income: In the 2014 calendar year I made approximately $46,000 before taxes. I have gotten a promotion recently and so far I am on track to be making just about $50k this year (post tax). I am paid bi weekly. My checks usually vary slightly depending on overtime pay or holiday pay but on a normal check with 80 hours I am looking at about $1200 post tax at around $2400/mo total. + +&nbsp; + +Expenses: +Rent: $500/mo ( I am sharing a two bedroom apt. and splitting the $1000/mo rent) + +Car Insurance: $236/mo (2009 Subaru Forester) + +Car Loan Payment: $189/mo with $9,600 left to pay off + +Personal Loan Payment: $130/mo with $3,792 left to pay off. (this was a stupid purchase I am trying to recover from) + +Student Loans: not making payments yet (as I'm still a student) with $7,000 balance total + +Credit Card debt: $160/mo between two cards with $2,610 left to pay off + +Gym Membership: $40/mo + +Groceries: $250/mo + +Utilities: $80/mo + +Gas: $40/mo (approximately) + +&nbsp; + +Is it worth it to leave my well paying job for years of part time pay and student loan debt in hopes of brighter pastures? Is it even possible with my income and expenses without drowning? + + +I am usually living paycheck to paycheck already. I do my best not to eat out or go to the bar but it is difficult sometimes being a young single guy and not trying to enjoy my life just a little bit. If I was to go to school full time, dorming would not be an option. I have a 6 year old dog named Bradley that I care for and going back to Mom & Dad's is not an option either. + +&nbsp; + +Thank you fine people of /r/personalfinance for taking time to read about my situation and offering up any advice in advance. I love you guys! + +TL;DR I am thinking of leaving my job that makes me $50k per year to work part time and go to school full time. + +edit: spacing + + +WOW, thank you all for you're two cents. That's why I love this sub. I think focusing on taking care of that debt first is most important. Seriously, thank you all for the advice. +We screwed up and let this medical bill go almost 5 years ago now in exchange for paying some other bills. We’ve received calls over the years from debt collectors but ignored them. We then began receiving similar letters to this. Each time the settlement amount getting lower and lower. + +But now I’m wondering if I should just pay the $75 (it’s actually like 71.xx something I think) or if she’s better off just letting it go. At this point I don’t know if it will do more harm than good to her credit. So far the debt doesn’t show when we check her credit report. Which seems odd. But, I know it’s a legit bill. I was there. Lol + +Edit: here is the letter + +https://imgur.com/a/EwWhuaz + +The “current creditor” line is the name of the hospital, and the date of service is the correct date of the procedure. The balance due is not what it once was, though. The balance due is $711.21. It was originally something like $2k, now that my wife reminds me. Could the balance due now just be from the last reduced offer they sent us? + +Edit2: we live in Ky, and the date of service will be 5 years here in a few more months. + +Edit3: the original IS on her credit report, but the dollar amount on the credit report is the original amount, while this balance is only like $700, with the option to “settle” it for $71. + +Edit4: holy shit I’m getting so much conflicting advice. Lol +Hey guys, just thought I’d put something in here about how you should prioritise your emergency savings. I’ve had a personal issue come up and it’s practically wiped out my emergency savings account and then some, I have twenty dollars to last two weeks for food and everything. But you wanna know what I’d have if I didn’t plan ahead? Fucking 0, I’d be so far up shit creek the paddle wouldn’t move. To all the young people on here asking about whether you should invest, really prioritise your back up plans first. Don’t think oh it won’t happen to me I’m young, I’m 23 and my savings hve been wiped out. +Met this person through a language exchange community, and we've been speaking for the past week or so. She does forex, what appears to be her full-time job. She's proposed creating an account and then just talking about it so she can help guide/mentor me. Naturally I'm a bit hesitant because 1) I barely know this person, and 2) I've got a lot to learn about forex + +She hasn't asked for any private information that would set off any alarms, but I'm not familiar with the scams that are pulled in the forex community so I'm just trying to be extra aware. Thoughts? +I use [Forex.com](https://Forex.com) and I've personally witnessed, at least 5 times now, that my stop loss will get triggered without the bar on the chart actually getting to that point. I've also noticed that my take profit won't trigger until slightly overextending past the target. Does this happen to anyone else? +Im specifically looking at the wheel strat. + +40k$ gets me around 130k$ of margin and im thinking I might as well use it to my advantage. + +How much do you guys think I could safely make a month? Just a ballpark. + +And if there are any other strats you guys reccomend let me know +So I purchased a leasehold flat two years ago for £89k. I knew a Leasehold was risky and the service charge was already on the high end (£1880 a year) but I I think I was seduced by the flat itself being relatively nice and the low mortgage. + +I’ve been wanting to sell anyway because it turns out the sound insulation is terrible and the neighbours are driving me insane. But I was hit with a bombshell right after Christmas when the leaseholder sent me a bill for £1990 for six months servicecharge in advance with that amount to be paid again in six months. Yep, they’ve more than doubled the service charge to just under £4K for this year. + +Ostensibly this is to add to the reserves for a roof fix they plan to do in five years time. (which doesn’t make much sense). The letter infers that it will only cost this much this year, but I don’t trust them for a second to subsequently lower the price again. + +I feel essentially fucked. I want to sell but I can’t imagine who is going to buy this place when they take one look at this service charge. It’s more than the mortgage per month. I essentially have two options: + +1. Try and fight the service charge, it seems incredibly unreasonable +2. Sell at a huge loss. Likely have no money left and move back in with my parents. + +Any advice on rip off ground rents would be appreciated. When this is all over I’m never, ever touching a leasehold flat again. +>Lyft reported a loss per share of $9.02, adjusted. + +>While analyst estimates for Lyft’s first quarter could have been on the low-end due to a lack of data typical of a company fresh on the public market, Lyft’s loss is still significant. + +>The steep loss still marks an improvement from Lyft’s year-ago quarter, when Lyft reported a non-GAAP loss of $11.40 per share. + +. . . + +>**Loss per share:** $9.02, adjusted + +>**Revenue:** $776 million, versus $739.4 million expected, per Refinitiv + + + +https://www.cnbc.com/2019/05/07/lyft-earnings-q1-2019.html +Start seeing a lots of these posts recently. + +>"I am buying MSFT? Is now good time?" + +&#x200B; + +>"I just bought MSFT? Is it a mistake?" + +&#x200B; + +>"Should I sell TSLA now? Is it too soon?" + +&#x200B; + +>"I sold TLSA? When should I buy back?" + +Wondering why...I think some brokerage requires their users to post on reddit before submitting an order for some securities reasons... + +I am not so sure because my broker doesn't require me to post on reddit at all. +Hello everyone, + +I would like to share with you a great project called Behodler which has two native tokens $EYE for governance and $SCX which is the liquidity token in this single-sided AMM. + +It's a next-generation decentralized exchange with gas fees cheaper by 50% than other DEXs because of utilizing single token bonding, resulting in a smaller amount of internal swaps providing enormous gas savings. Taking into account a market cap of around $5.5~ million and comparing with the rapid growth of other DEXs, it's massively under the radar right now and there is huge upside potential. + +**Some key info about the project:** + +• $EYE is deflationary / Circulating supply is around 5.5 million (Max is 10 million) + +• Price arbitrage with a zero fee and low gas flashloans. + +• Exposure to the entire pool of liquidity by minting Scarcity $SCX. + +• Tokens passively work for you in the unique Liquidity Queue. ($EYE paid on an hourly basis, full in-depth explanation here.) https://github.com/WeiDaiEcosystem/LiquidQueue + +• Lead developer is an Ethereum OG, here's an article he wrote recently regarding Behodler's resilience to attacks: https://justingoro.medium.com/can-we-break-behodler-47613822461e + +• Behodler is the only DEX on which you can actually trade LP tokens without unwrapping like on Uniswap! Innovation and savings on gas fees with this feature is amazing + +**Upcoming Catalyst events:** + +• New frontend is in works for the DEX as well as UI/UX upgrades and refinements + +• Dual Vault approach + +• More token listings soon + +• Marketing has only just begun + +**Team & Community:** + +Legendary dev behind the project Justin Goro, great team, good mods and an amazing active community. Search for EYE (Behodler) on Coingecko/Coinmarketcap to find out more, the Telegram and Discord communities are very welcoming https://github.com/gititGoro + +You can read in-depth regarding the mechanics of the DEX on Gitbook, here. https://behodler-io.gitbook.io/behodler/ + +One note & Not financial advice: I encourage everyone reading to DYOR but I believe this is a true gem and is at an amazing entry point considering the recent retracement. + +PS: Fully DOXXed dev and team! You can test out the cheaper by buying it on Behodler.io or Uniswap. +Here is the link to buy $EYE https://app.uniswap.org/#/swap?outputCurrency=0x155ff1a85f440ee0a382ea949f24ce4e0b751c65 +The common theme amongst 30 and 40 year olds? It's always they wish they INVESTED into XYZ 10 or 20 years ago. It is always the same fucking regret. Always the same fucking stories about buying this cheap piece of land, this Apple stock from 90s, this AMZ, this TESLA stock. + +Nobody ever fucking says they regret not spending $200,000 instead of $20,000 on a car 10 years ago. Fucking nobody. Those that say $200,000 cars a 'worth it' already have $20 million or more and that's why they spend $200k on gratification and enjoyment. You just made $500,000 or whatever from crypto. You're not on that level. + +Keep investing. Because I'll fucking say it again: No 40 year old ever regrets not spending more money on car and designer suits and shoes when they were in their 20s. +I’m very curious about side hustles and do have time outside of normal working hours that I would like to use to earn some extra income, which should help with the whole FIRE goal. I made this post to explore this deeper and so we can have a discussion and learn together. Feel free to post anything about side hustles, regardless if I mention it below or not. + +**Popular side hustles** + +* Freelancing (programming, art, consulting, welding, etc) +* Tutoring +* Working security at night +* Bartending +* Dog walking +* Baby sitting +* House sitting +* Amazon FBA +* Property management +* Online tech support +* Uber/Lyft driving +* Flipping things (cars, bikes, homes, etc) +* *If your side hustle isn’t mentioned, please share!* + +**Misc questions** + +* Do you report taxes on your side income? Do you legally have to? +* When should you set up a S-Corp or LLC for your side hustle? For example, let’s say I tutor and earn an additional $10k a year. What if I earned $20k or $30k? +* Which side hustles do you think generate the best $/hour? +* Which side hustles do you think are most fun? +* Some employment contracts stipulate that you cannot have another source of non-passive income. Do you just ignore this? +* Which side hustles are traps and not worth it? + +Edit: for those that don’t think side hustles are worth it and time spent on a side hustle should instead be devoted toward your main job (OT, going for a promotion, getting certifications, etc.), please consider: + +* Not everyone’s job pays OT/has extra hours available or this just isn’t applicable. Think teacher, assistant, etc. +* Sometimes promotions aren’t possible +* Not everyone is in love with their main job and people might want to do something different for diversity’s sake or for fun while earning some money. From u/sachin571 + +> as an attorney, I'm unhappy if I add more hours to my docket, so I work as much as I can tolerate, and teach guitar on the side. +Hello Future UltraArmy!! + +**$1,000 & two $300 prizes on our Twitter!!** + +Welcome to **Generational Wealth**. Assuming you buy in now at least .**37,000** holders & counting have understood the Value of UltraSafe. Crypto’s current **Coin of the Future** is looking to be a **dominant** currency with use cases **WorldWide**. + +The **Safest Token on BSC**, UltraSafe is **Fully Rug Proof** with its **Contract Ownership Renounced**. It currently has two audits completed by **Solidity & Certik** with a **3rd** currently in the works. UltraSafe has its **Liquidity Locked for 79 Years**, higher than other tokens on the market. UltraSafe has corrected vulnerabilities that would allow a rug pull still in other “safe” tokens. We are truly, UltraSafe. Developers have been **Fully Doxxed** to proper entities. Full Public Dox down the line. + +UltraSafe provides you with **Passive Income** through its tokenomics. There is an 8% tax that **reflects 4% back to holders** proportionate to what you hold. The other 4% is sent to locked liquidity to **Exponentially Decrease Impact Selling** has on our price. This helps to **prevent Pump & Dumps** & **encourages Whales to hold**. + +Future plans including but not limited to : **dApps, NFTs, UltraWallet, UltraExchange, Merchandise, More CEX listings and more AMAs. **Influencer and Social Media based marketing** is currently being **ramped up**. Billboards, Planes, Times Square advertisements are currently live & about to be everywhere. An **Animated Website v3** is soon done and live. **LLC** near completion. + +**Currently the best token to ride up with the crypto recovery. Come make some money with the UltraSafe community!!** + +Important Links : +[UltraSafe Website](https://ultrasafe.finance/) - +[Coin Market Cap](https://coinmarketcap.com/currencies/ultrasafe/) - +[Solidity](https://solidity.finance/audits/UltraSafe/) - +[Certik](https://www.certik.org/projects/ultrasafe) - +[Discord](https://discord.gg/hy54dHhjvk) -[Twitter](https://mobile.twitter.com/ultrasafebsc) - +[TeleGram](https://t.me/UltraSafeOfficial) -[Reddit](https://www.np.reddit.com/r/Ultrasafe/) - +[BscScan](https://bscscan.com/token/0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) - +[FaceBook](https://www.facebook.com/groups/503406880704284/) - +[StockTwits](https://stocktwits.com/symbol/ULTRASAFE.X) - +[Most Recent AMA](https://m.twitch.tv/videos/1036054617) - +[irst Live AMA](https://youtu.be/FcyQYBk4wU4) - +[CoinGecko Listing](https://www.coingecko.com/en/coins/ultrasafe) - [DexTools](https://www.dextools.io/app/pancakeswap/pair-explorer/0x48bac97d5e3116626a56704be7399e1cb593a945) +My financial advisor told me that he would charge me 1% of what he manages , but I don’t understand how he gets the 1% out. Do I pay him the 1% or does he take it from my investments somehow and if he does, how does he get it out of my investments? +I think the media is partly to blame for this. Maybe in 2014 they weren't talking about Russian invasion every 5 seconds. But why would now be any different? There shouldn't be any crash at all. + +What do you guys think? +I’m a soon to be college graduate who’s noticed that while salaries in big cities are very nice, the housing isn’t up there with them. Someone making $100k in the Valley may not have the same standard of living as someone who lives in Austin. A big part of that is because of the housing cost. + +What can be done to make housing more affordable in high job market places? +Based on the statistics shown [here](https://www.citylab.com/life/2018/08/the-winners-and-losers-of-americas-startup-economy/566495/), it seems like the vast majority of new businesses are founded in the highest cost-of-living cities. Why is that? Won't the cash burn rate be higher in those cities? Won't it be harder to hire the best talent if they can't afford to live there? Aren't those markets saturated? + +Why don't entrepreneurs more frequently take their money and start somewhere it would go further, like Houston or the North Carolina Research Triangle? +I get why board members of corporations might prefer workers not unionize, \(profits could likely decrease due to works asking for higher wages/benefits, better/safe work conditions, which come at a cost\). But are there examples of how unionized workers could fuck things up for themselves? + +For example, if I wanted to unionized myself and my coworkers, what historical lessons should I learn from? How should I not fuck up the business that I rely on for my wage? +I know they are all mathematical frameworks for explaining economic choices. I'm trying to understand the differences between them. And when it's appropriate to use each. +If they keep us diving a wave of stop-loss orders will trigger, which means the price will really plummet HARD soon. **They can likely see your stop-loss order in the public order book right now** and know how much they need to ladder to make your sell order trigger. We should consider turning off our stop losses NOW or else they will keep doing this till we are in the ground. There isn't much time left. If we do this then we can hold out till the next series of covering. **Hold** and let the interest on their margin compound against them. People need to hear about this now, please. Not financial advice, I'm not an advisor. + +This is why it's so important to only play with money that you are literally 100%%% fine with losing right now. It's stupid to buy if you plan to daytrade, panic sell, not hold over the weekend, or for any reason other than faithfully holding. It doesn't matter if all you can afford is one share. Everyday you hold is another day the interest builds up for them. + +This is the 6th time I'm trying to upload, admins literally fuck off. We need to get the word out now. I had to make this so vanilla to get it up + +Don't show them your hand + +&#x200B; + +https://preview.redd.it/pmt1ifhc44f61.jpg?width=828&format=pjpg&auto=webp&s=c94d5df2c6af309b78529660192db3d422914f4a + +https://preview.redd.it/0ogvxghc44f61.jpg?width=828&format=pjpg&auto=webp&s=a25eee1e7452eda15935519b214e0f7264f8bf51 + +https://preview.redd.it/d6d79ihc44f61.jpg?width=828&format=pjpg&auto=webp&s=b3a3b583c6d2c1bf08598946370ccd1dd107595e + +These pictures are not from me. I'm not taking creds for them +The current "no altcoin" policy of r/bitcoin is reasonable. In the early days of bitcoin, this prevented the sub from being overrun with "my great new altcoin pump!" + +However, the policy is being abused to censor valid options for _bitcoin_ BTC users to consider. + +A proposed new litmus test for "is it an altcoin?" to be applied within existing moderation policies: + +> If the proposed change is submitted, and accepted by supermajority of mining hashpower, do bitcoin users' existing keys continue to work with existing UTXOs (bitcoins)? + +It is clearly the case that _if and only if_ an economic majority chooses a hard fork, then that post-hard-fork coin _is_ BTC. + +Logically, bitcoin-XT, Bitcoin Unlimited, Bitcoin Classic, and the years-old, absurd 50BTC-forever fork all fit this test. litecoin does not fit this test. + +The future of BTC must be firmly in the hands of user choice and user freedom. Censoring what-BTC-might-become posts are antithetical to the entire bitcoin ethos. + +ETA: Sort order is "controversial", change it if you want to see "best" comments on top. +The Democratic-run House of Representatives on Wednesday passed a bill that could bar many Chinese companies from listing shares on U.S. exchanges or otherwise raising money from American investors. + +The measure, known as the Holding Foreign Companies Accountable Act, could get signed into law quickly by President Donald Trump, as it was approved by the Republican-controlled Senate in May. + +The bill aims to make foreign companies let the Public Company Accounting Oversight Board oversee the auditing of their financial records if they want to raise money by selling stocks or bonds to the U.S. public. All U.S. companies and most foreign companies already work with the PCAOB in this way, but Chinese ones **MCHI,** **-0.59%** + +What do you think guys? LONG ON TESLA or SHORT on NIO/LI or other names from China \[BABA\] + +I think TESLA is still the way to go, with the Model Y just approved for selling in China, numbers will be great next earnings report i think +https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html +> +> Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that made buying and selling stocks simple and seemingly free. +> +> Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to complex investment products, and features like falling confetti and emoji-filled phone notifications that made it feel like a game. After funding his account with $15,000 in credit card advances, he began spending more time on the app. +> +> As he repeatedly lost money, Mr. Dobatse took out two $30,000 home equity loans so he could buy and sell more speculative stocks and options, hoping to pay off his debts. His account value shot above $1 million this year — but almost all of that recently disappeared. This week, his balance was $6,956. +> +> “When he is doing his trading, he won’t want to eat,” said his wife, Tashika Dobatse, with whom he has three children. “He would have nightmares.” +> +> Millions of young Americans have begun investing in recent years through Robinhood, which was founded in 2013 with a sales pitch of no trading fees or account minimums. The ease of trading has turned it into a cultural phenomenon and a Silicon Valley darling, with the start-up climbing to an $8.3 billion valuation. It has been one of the tech industry’s biggest growth stories in the recent market turmoil. +> +> But at least part of Robinhood’s success appears to have been built on a Silicon Valley playbook of behavioral nudges and push notifications, which has drawn inexperienced investors into the riskiest trading, according to an analysis of industry data and legal filings, as well as interviews with nine current and former Robinhood employees and more than a dozen customers. And the more that customers engaged in such behavior, the better it was for the company, the data shows. +> +> Thanks for reading The Times. +> Subscribe to The Times +> More than at any other retail brokerage firm, Robinhood’s users trade the riskiest products and at the fastest pace, according to an analysis of new filings from nine brokerage firms by the research firm Alphacution for The New York Times. +> +> In the first three months of 2020, Robinhood users traded nine times as many shares as E-Trade customers, and 40 times as many shares as Charles Schwab customers, per dollar in the average customer account in the most recent quarter. They also bought and sold 88 times as many risky options contracts as Schwab customers, relative to the average account size, according to the analysis. +> +> +> The more often small investors trade stocks, the worse their returns are likely to be, studies have shown. The returns are even worse when they get involved with options, research has found. +> +> This kind of trading, where a few minutes can mean the difference between winning and losing, was particularly hazardous on Robinhood because the firm has experienced an unusual number of technology issues, public records show. Some Robinhood employees, who declined to be identified for fear of retaliation, said the company failed to provide adequate guardrails and technology to support its customers. +> +> Those dangers came into focus last month when Alex Kearns, 20, a college student in Nebraska, killed himself after he logged into the app and saw that his balance had dropped to negative $730,000. The figure was high partly because of some incomplete trades. +> +> “There was no intention to be assigned this much and take this much risk,” Mr. Kearns wrote in his suicide note, which a family member posted on Twitter. +> +> Like Mr. Kearns, Robinhood’s average customer is young and lacks investing know-how. The average age is 31, the company said, and half of its customers had never invested before. +> +> Some have visited Robinhood’s headquarters in Menlo Park, Calif., in recent years to confront the staff about their losses, said four employees who witnessed the incidents. This year, they said, the start-up installed bulletproof glass at the front entrance. +> +> “They encourage people to go from training wheels to driving motorcycles,” Scott Smith, who tracks brokerage firms at the financial consulting firm Cerulli, said of Robinhood. “Over the long term, it’s like trying to beat the casino.” +> +> At the core of Robinhood’s business is an incentive to encourage more trading. It does not charge fees for trading, but it is still paid more if its customers trade more. +> +> That’s because it makes money through a complex practice known as “payment for order flow.” Each time a Robinhood customer trades, Wall Street firms actually buy or sell the shares and determine what price the customer gets. These firms pay Robinhood for the right to do this, because they then engage in a form of arbitrage by trying to buy or sell the stock for a profit over what they give the Robinhood customer. +> +> This practice is not new, and retail brokers such as E-Trade and Schwab also do it. But Robinhood makes significantly more than they do for each stock share and options contract sent to the professional trading firms, the filings show. +> +> For each share of stock traded, Robinhood made four to 15 times more than Schwab in the most recent quarter, according to the filings. In total, Robinhood got $18,955 from the trading firms for every dollar in the average customer account, while Schwab made $195, the Alphacution analysis shows. Industry experts said this was most likely because the trading firms believed they could score the easiest profits from Robinhood customers. +> +> +> Vlad Tenev, a founder and co-chief executive of Robinhood, said in an interview that even with some of its customers losing money, young Americans risked greater losses by not investing in stocks at all. Not participating in the markets “ultimately contributed to the sort of the massive inequalities that we’re seeing in society,” he said. +> +> Mr. Tenev said only 12 percent of the traders active on Robinhood each month used options, which allow people to bet on where the price of a specific stock will be on a specific day and multiply that by 100. He said the company had added educational content on how to invest safely. +> +> He declined to comment on why Robinhood makes more than its competitors from the Wall Street firms. The company also declined to comment on Mr. Dobatse or provide data on its customers’ performance. +> +> Robinhood does not force people to trade, of course. But its success at getting them do so has been highlighted internally. In June, the actor Ashton Kutcher, who has invested in Robinhood, attended one of the company’s weekly staff meetings on Zoom and celebrated its success by comparing it to gambling websites, said three people who were on the call. +> +> Mr. Kutcher said in a statement that his comment “was not intended to be a comparison of business models nor the experience Robinhood provides its customers” and that it referred “to the current growth metrics.” He added that he was “absolutely not insinuating that Robinhood was a gambling platform.” +> +> +> ImageRobinhood’s co-founders and co-chief executives, Baiju Bhatt, left, and Vlad Tenev, created the company to make investing accessible to everyone. +> Robinhood’s co-founders and co-chief executives, Baiju Bhatt, left, and Vlad Tenev, created the company to make investing accessible to everyone.Credit...via Reuters +> Robinhood was founded by Mr. Tenev and Baiju Bhatt, two children of immigrants who met at Stanford University in 2005. After teaming up on several ventures, including a high-speed trading firm, they were inspired by the Occupy Wall Street movement to create a company that would make finance more accessible, they said. They named the start-up Robinhood after the English outlaw who stole from the rich and gave to the poor. +> +> Robinhood eliminated trading fees while most brokerage firms charged $10 or more for a trade. It also added features to make investing more like a game. New members were given a free share of stock, but only after they scratched off images that looked like a lottery ticket. +> +> The app is simple to use. The home screen has a list of trendy stocks. If a customer touches one of them, a green button pops up with the word “trade,” skipping many of the steps that other firms require. +> +> Robinhood initially offered only stock trading. Over time, it added options trading and margin loans, which make it possible to turbocharge investment gains — and to supersize losses. +> +> The app advertises options with the tagline “quick, straightforward & free.” Customers who want to trade options answer just a few multiple-choice questions. Beginners are legally barred from trading options, but those who click that they have no investing experience are coached by the app on how to change the answer to “not much” experience. Then people can immediately begin trading. +> +> Before Robinhood added options trading in 2017, Mr. Bhatt scoffed at the idea that the company was letting investors take uninformed risks. +> +> “The best thing we can say to those people is ‘Just do it,’” he told Business Insider at the time. +> +> In May, Robinhood said it had 13 million accounts, up from 10 million at the end of 2019. Schwab said it had 12.7 million brokerage accounts in its latest filings; E-Trade reported 5.5 million. +> +> That growth has kept the money flowing in from venture capitalists. Sequoia Capital and New Enterprise Associates are among those that have poured $1.3 billion into Robinhood. In May, the company received a fresh $280 million. +> +> “Robinhood has made the financial markets accessible to the masses and, in turn, revolutionized the decades-old brokerage industry,” Andrew Reed, a partner at Sequoia, said after last month’s fund-raising. +> +> +> Image +> Robinhood shows users that its options trading is free of commissions. +> Robinhood shows users that its options trading is free of commissions. +> Mr. Tenev has said Robinhood has invested in the best technology in the industry. But the risks of trading through the app have been compounded by its tech glitches. +> +> In 2018, Robinhood released software that accidentally reversed the direction of options trades, giving customers the opposite outcome from what they expected. Last year, it mistakenly allowed people to borrow infinite money to multiply their bets, leading to some enormous gains and losses. +> +> Robinhood’s website has also gone down more often than those of its rivals — 47 times since March for Robinhood and 10 times for Schwab — according to a Times analysis of data from Downdetector.com, which tracks website reliability. In March, the site was down for almost two days, just as stock prices were gyrating because of the coronavirus pandemic. Robinhood’s customers were unable to make trades to blunt the damage to their accounts. +> +> Four Robinhood employees, who declined to be identified, said the outage was rooted in issues with the company’s phone app and servers. They said the start-up had underinvested in technology and moved too quickly rather than carefully. +> +> Mr. Tenev said he could not talk about the outage beyond a company blog post that said it was “not acceptable.” Robinhood had recently made new technology investments, he said. +> +> Plaintiffs who have sued over the outage said Robinhood had done little to respond to their losses. Unlike other brokers, the company has no phone number for customers to call. +> +> Mr. Dobatse suffered his biggest losses in the March outage — $860,000, his records show. Robinhood did not respond to his emails, he said, adding that he planned to take his case to financial regulators for arbitration. +> +> “They make it so easy for people that don’t know anything about stocks,” he said. “Then you go there and you start to lose money.” +**TLDR: GAMESTOP IS MAKING IT EXPLICITLY CLEAR THAT THIS MIGHT BE THE LAST TIME TO BUY BEFORE MOASS. THEY ARE GIVING YOU ONE LAST CHANCE TO BUY** + +I'm sure that all of you have already seen GameStop come out of 5 months of silence with a BANG. Their social media team has been excellent and have been hyping up apes all day yesterday and today. + +What this tells me is that MOASS is imminent and is giving APES one last chance to buy this dip before MOASS. Thank you for letting us know GameStop. If you're a smooth brain ape that hasn't liquidated all other positions to buy $GME... well GameStop is making it real clear that something BIG is gonna happen soon. For GameStop to come out with provocative tweets such as the \*moass\* tweet means that they have already considered the ramifications of this and that it literally does not matter anymore. + +&#x200B; + +[I support u\/Peachy-DMN-'s opinion](https://preview.redd.it/2l0bqlvqbqy61.png?width=725&format=png&auto=webp&s=1c87c7f296b6982f16b8605078fe01ca2aad1415) + +GameStop is prowling this sub daily and they WONT let us down. Power to the Players 💎🤲 + +Can't Stop. Won't Stop. This is where the GAME STOPS. + +[GameStop Twitter hitting us with the BACK-TO-BACK Tetris](https://preview.redd.it/3d3i4b74cqy61.png?width=960&format=png&auto=webp&s=d9f0b21f0b97245da65b8e5eb55befe114b5dabf) + +Disclaimer: All of this is my opinion and please do not twist it into "tHiS pOsT sUgGeSts GaMeStOP iS mAnIpUlAtInG tHe MaRkEt. sHiLl FuD". Of course this is not financial advice. +I keep seeing people here claim "as long as there are people saying DCA and buy the dip, we're not at the bottom yet." I believe the difference is the role of the internet and social media. Even in 2008, when the market crashed, there was not this prevalence of online investing communities. Pro investors held the course while retail investors panicked. Now, we have each other - posting articles and data about time in the market, and how recoveries always happen, encouraging each other to keep an eye on long term plans and not to panic sell. + +I don't claim to know how much further we go down, but I do believe that even if we continue to drop 10, 20, even 50% or more, there will be people here saying buy the dip. +Hey guys + +I’ve been investing for about 6 months or so and have absolutely fallen in love with trading (mostly swing/some day trading when we’re in a correction like now)! + +I’ve always been a fan of RPG’s and strategy games and trading seems so similar in a lot of ways - you bring your own rogue elements and character and build your skills in a chosen way - there’s so many lessons and laws and applications and discipline and mastery... + +I have heard of people using a trading diary or journal. I will absolutely take on writing in one but I’m unsure of the best way to use it (bullet journal, diary entry) etc. does anyone have a journal or something similar for trading? How do you write in it/use it? Would love any ideas and suggestions! + +Thanks in advance, +Aimee +Earlier, when I was a beginner I used to say (like the rest of the beginners) "Those who can trade, teach". I still often see aspiring traders say "if he's good at trading, he would simply trade and make billions, why he would sell books/courses" etc + +But after years of trading (I became profitable in the meantime) I learned that trading is very psychologically thought. Whenever I have open positions overnight (and that happens very often) I wake up to check my phone. I'm not going to mention it all here, you know it all. The struggle is real. + +Now I understand why some profitable traders start to sell books and courses. It's much better for your physical and physical health to create a passive source of income than to actively trade. + +One of my trading heroes is Jesse Livermore. As you guys probably know, he committed suicide. + +I'm a pattern trader and one of my favorite books is Technical Analysis and Stock Market Profits by Richard W. Schabacker. It was written 90 years ago. I knew that the author lived only for 36 years but there's not much info about him online. Just yesterday I found an article from New York Times, from 1935 that says Richard committed suicide. Huh, that's another trading hero who ended his life in that way. + +I can't but not to ask myself is that life you want? Do you think you'll be able to endure this lifestyle? + +We never talk about this here, but how does trading affect your health? Most of us are glued to screens for a long time. And they say sitting is the new smoking. But there are many more hazards and negative ways trading affects our health. + +Did you ever think about this? How do you cope? +For example let's say I own 50 shares of Apple that I bought in 2018. I am now applying for a job with this company and successful get the job. Would you be required to well your shares before commencing the job or would you just have to disclose it ? +I'm at some sort of a weird cross road that I never felt like I would be at. There is a small part of me that feels like I should be doing more than just trading. + +I just feel like some people go to their jobs every day and they help build things, others sell things, others help other people. Obviously these tasks are for money and by no means charitable, but it feels like something is physically created, or done. Meanwhile on the stock market you are just buying virtual items at certain prices and selling them later at different prices. + +It just leaves me with a feeling of guilt like I should be doing more. Does anything else ever think like this or thought like this at some point. Does my thinking make sense? Am I crazy? + +I guess its a deep question(?) there is just a part of me that feels like I should be creating things (software engineer by trade). +\-Shop at GameStop between now (very recent also accepted) and 4/20 @ 4:20PM EST, post a link to your receipt/order confirmation and I will randomly select **TWO** apes to gift a share of GME through ComputerShare. + +\-You must either create or have an existing CS account in order to receive the share. + +Figured I'd throw something out there better than weekend sub/mod drama for a change... YOLO. + +Stay Stonky! -hyperblu + +* All submissions will be reviewed and usernames will be put through a randomizer at the deadline. + +**Edit: I Forgot I have more shares settled in Fidelity to be DRS'd. I'll increase this to two shares and double the odds.** 🚀 + +*If you have made a submission and are not on this list by the last updated time, you* ***MUST*** *DM or tag me to be added!* + +\--------------------------------------------------------------- + +I had a total of 45 submissions and the two winners were selected. + +https://www.reddit.com/r/Superstonk/comments/u86jmz/you_two_have_been_selected_to_receive_a_free_cs/?utm_medium=android_app&utm_source=share +That makes the most sense to me. We've seen how expensive and difficult it's been to drop it even a dollar, so why below $30? I think that was their only option to not get crucified tomorrow. They'll be desperately trying to sell their new single-stock indices to use as margin, which will lead to price creeping back up. Like paying off credit card debt with another card. You aren't drowning anymore, but there's a new clock. + +They want to survive, show growth in their ETF, sell more of it, and hope to weather the storm/explosion/nuclear winter coming for them. Also, I don't see how anyone could see anything but DRS as the way out of this. It's a burning candle, and the faster we DRS the float the faster they get burned. +repost from [https://www.reddit.com/r/Superstonk/comments/u0uemq/can\_we\_make\_a\_list\_of\_the\_companies\_that\_bcg\_has/](https://www.reddit.com/r/Superstonk/comments/u0uemq/can_we_make_a_list_of_the_companies_that_bcg_has/) + +I figure this will not only help Apes look into and compare what BCG has done at other companies to what they did, or rather failed to do at Gamestop. + +\- Taco Bell + +\- someone said they are the reason Butterfinger doesn't taste as good anymore + +[u/ammoprofit](https://www.reddit.com/u/ammoprofit/) has been doing an awesome job collecting DD on BCG [https://www.reddit.com/r/Superstonk/comments/tnjmwf/bcg\_research/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/tnjmwf/bcg_research/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +the following are all from the research under the same post, and I wanna thank all the apes that did their homework so I could copy it... [https://www.reddit.com/r/Superstonk/comments/tzx1p0/anyone\_care\_to\_play\_this\_game/?sort=top](https://www.reddit.com/r/Superstonk/comments/tzx1p0/anyone_care_to_play_this_game/?sort=top) + +\- ADT + +\- Circuit city + +\- Radioshack + +\- Rite Aid + +\- JC Penny + +\- Neiman Marcus + +\- Macy's + +\- GO GO GO + +\- Blackberry + +\- H&M + +\- Airtrans + +\- Woolworths + +\- Kohl's + +\- Ubisoft + +\- Atari + +\- FutureShop + +\- Dress for Less + +\- Nokia + +\- Shoe Carnival + +\- Ahold Delhaize(parent company of grocery chain Stop & Shop) + +\- Applebee's and IHOP (Dine Brands Global) + +\- Paypal + +\- Red Lobster + +\- Barnes & Nobel + +\- Nektar Therapeutics + +\- Marks and Spencer + +=============================== + +following few found by /[u/PmMeWifeNudesUCuck/](https://www.reddit.com/user/PmMeWifeNudesUCuck/) + +\- General Motors + +\- Pacific Gas and Electric Company + +\- CIT Group + +\- Enron (huh) + +\- Conseco + +\- MF Global + +================================ + +following few found by [/u/IEatSweetTeeth/](https://www.reddit.com/user/IEatSweetTeeth/) + +\- Quiznos, Qdoba, and Taco Del Mar + +[https://www.nrn.com/people/quiznos-parent-taps-qdoba-veteran-chief-brand-officer](https://www.nrn.com/people/quiznos-parent-taps-qdoba-veteran-chief-brand-officer) + +\- Maybe Under Armour too + +[https://www.linkedin.com/in/jason-constantino-3aa29854](https://www.linkedin.com/in/jason-constantino-3aa29854) + +\- Focus Brand group umbrella: + +Auntie Anne’s, Cinnabon, Jamba, Moe’s Southwest Grill, McAlister’s Deli, and Schlotzsky’s + +Added a BCG guy to their board of directors + +[https://www.focusbrands.com/focus-brands-announces-new-addition-to-board-of-directors/](https://www.focusbrands.com/focus-brands-announces-new-addition-to-board-of-directors/) + +Maybe they have a thing for chipotles competitors… + +\- Noodles and company + +================================ + +another Ape , /[u/frickdom/](https://www.reddit.com/user/frickdom/) made this list...yes, it has duplicates to this list, but I want to preserve the list they made... + +GameStop, + +Bed Bath and Beyond, + +Sears, + +Tacobell, + +Rite Aid, + +Boeing, + +Circuit City, + +Radio Shack, + +Lehman Brothers, + +Spectrum, + +Kroger’s, + +Ascena, + +Ann Taylor, + +Neiman Marcus, + +JC Pennys, + +ADT + +,KB Toys, + +Toys R Us, + +eToys, + +USPS, + +K-mart, + +Ames, + +AFM, + +KLM Air France, + +Enron, + +Blockbuster, + +MF Global + +,24hour fitness, + +Red lobster, + +Tim Hortons, + +Barnes and noble, + +Lululemon, + +UPS, + +Pfizer, + +Johnson and Johnson, + +Moderna(?), + +Amazon, + +Walmart, + +McDonald’s, + +Disney. + +============================ + +[/u/Aenrichus/](https://www.reddit.com/user/Aenrichus/) said Kodak, Chrysler, and General Motors + +They had a hand in ruining Kodak despite them inventing the first digital camera. + +[https://www.linkedin.com/pulse/unsuccessful-crisis-leadership-tragic-downfall-kodak-eric-flamholtz](https://www.linkedin.com/pulse/unsuccessful-crisis-leadership-tragic-downfall-kodak-eric-flamholtz) + +[https://adamhartung.com/tag/kodak/page/4/](https://adamhartung.com/tag/kodak/page/4/) + +[https://europe.autonews.com/article/20090414/ANE/304149975/treasury-pays-firm-7-million-to-assist-on-gm-chrysler-plans](https://europe.autonews.com/article/20090414/ANE/304149975/treasury-pays-firm-7-million-to-assist-on-gm-chrysler-plans) + +========= + +[/u/bmhart17](https://www.reddit.com/u/bmhart17/)/ said LabCorp [https://imgur.com/a/4qd97nB](https://imgur.com/a/4qd97nB) + +========= + +[/u/AutoThorne/](https://www.reddit.com/user/AutoThorne/) said BCG attacking Canada [https://www.theglobeandmail.com/business/article-ottawa-working-with-us-consulting-firm-to-draw-early-plan-for/](https://www.theglobeandmail.com/business/article-ottawa-working-with-us-consulting-firm-to-draw-early-plan-for/) + +[/u/Yattiel/](https://www.reddit.com/user/Yattiel/) added this [https://www.reddit.com/r/Superstonk/comments/u12ibn/the\_canadian\_government\_has\_hired\_bcg\_wtf/](https://www.reddit.com/r/Superstonk/comments/u12ibn/the_canadian_government_has_hired_bcg_wtf/) + +========= + +[/u/DMDTT/](https://www.reddit.com/user/DMDTT/) said Fidelity Vice President and Head of HR previously worked at Boston Consulting a group [https://www.reddit.com/r/Superstonk/comments/u165gh/fidelity\_vice\_president\_and\_head\_of\_hr\_previously/?sort=top](https://www.reddit.com/r/Superstonk/comments/u165gh/fidelity_vice_president_and_head_of_hr_previously/?sort=top) + +========= + +[/u/Kaiser1a2b](https://www.reddit.com/u/Kaiser1a2b/)/ sad NBN Co [https://www.reddit.com/r/Superstonk/comments/u15h3q/aussies\_ever\_wonder\_why\_nbn\_is\_so\_shit/](https://www.reddit.com/r/Superstonk/comments/u15h3q/aussies_ever_wonder_why_nbn_is_so_shit/) + +========= + +[/u/Weedbro](https://www.reddit.com/u/Weedbro/)/ said KLM Air France [https://www.reddit.com/r/Superstonk/comments/u00viu/another\_big\_company\_ruined\_because\_of\_bcg\_klm\_air/](https://www.reddit.com/r/Superstonk/comments/u00viu/another_big_company_ruined_because_of_bcg_klm_air/) + +========= + +[/u/dweir82/](https://www.reddit.com/user/dweir82/) said Wollworths [https://www.reddit.com/r/Superstonk/comments/u1821g/bcg\_partner\_amitabh\_mall\_joins\_woolworths\_in/](https://www.reddit.com/r/Superstonk/comments/u1821g/bcg_partner_amitabh_mall_joins_woolworths_in/) + +========= + +[/u/bakedbeansandwhich/](https://www.reddit.com/user/bakedbeansandwhich/) said Telefonica [https://www.reddit.com/r/Superstonk/comments/u16ns2/bcg\_connection\_with\_telefonica\_a\_company\_with/](https://www.reddit.com/r/Superstonk/comments/u16ns2/bcg_connection_with_telefonica_a_company_with/) + +=========[u/WHITE--PANTHER96](https://www.reddit.com/user/WHITE--PANTHER96/) said BCG has some sister companies in France. [https://www.reddit.com/r/Superstonk/comments/u15vfu/bcg\_has\_some\_sister\_companies\_in\_france/](https://www.reddit.com/r/Superstonk/comments/u15vfu/bcg_has_some_sister_companies_in_france/) + +======[u/HeRdERay](https://www.reddit.com/user/HeRdERay/) said US Covid related contracts awarded to BCG [https://www.reddit.com/r/Superstonk/comments/u16rb5/us\_covid\_related\_contracts\_awarded\_to\_bcg/?sort=top](https://www.reddit.com/r/Superstonk/comments/u16rb5/us_covid_related_contracts_awarded_to_bcg/?sort=top)====== + +[u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) said This guy is connected to State Street, a European investment firm with half a trillion in assets, the Mercatus Center AND BCG [https://www.reddit.com/r/Superstonk/comments/u17pb6/this\_guy\_is\_connected\_to\_state\_street\_a\_european/](https://www.reddit.com/r/Superstonk/comments/u17pb6/this_guy_is_connected_to_state_street_a_european/) + +====== + +[u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) BCG influencing Saudi Arabia [https://www.reddit.com/r/Superstonk/comments/u17f96/im\_sure\_this\_is\_fine/](https://www.reddit.com/r/Superstonk/comments/u17f96/im_sure_this_is_fine/) + +=========[u/Maleficent-Rub-4805](https://www.reddit.com/u/Maleficent-Rub-4805/) found **a link between BCG consulting and Npower UK** [https://www.reddit.com/r/Superstonk/comments/u15frp/ive\_found\_a\_link\_between\_bcg\_consulting\_and/](https://www.reddit.com/r/Superstonk/comments/u15frp/ive_found_a_link_between_bcg_consulting_and/) + +=========[u/Super\_Share\_8721](https://www.reddit.com/u/Super_Share_8721/) found NY Gov Cuomo hired BCG [https://www.reddit.com/r/Superstonk/comments/u1aowb/its\_a\_bold\_strategy\_cotton\_lets\_see\_if\_it\_pays/](https://www.reddit.com/r/Superstonk/comments/u1aowb/its_a_bold_strategy_cotton_lets_see_if_it_pays/) + +========= + +[u/Upstairs\_Sense2437](https://www.reddit.com/u/Upstairs_Sense2437/) found BCG firms in Romania[https://www.reddit.com/r/Superstonk/comments/u15mn0/bcg\_firm\_in\_romania\_shady\_af\_headquarters/](https://www.reddit.com/r/Superstonk/comments/u15mn0/bcg_firm_in_romania_shady_af_headquarters/) + +=========[u/lxUPDOGxl](https://www.reddit.com/u/lxUPDOGxl/) found BCG is attacking AUstralia [https://www.reddit.com/r/Superstonk/comments/u11q33/bcg\_also\_fucking\_australia/](https://www.reddit.com/r/Superstonk/comments/u11q33/bcg_also_fucking_australia/) + +========= + +[u/Independent-Ad4660](https://www.reddit.com/u/Independent-Ad4660/) found **Department of Veteran Affairs** [https://www.reddit.com/r/Superstonk/comments/u16jd0/if\_you\_know\_anything\_about\_the\_department\_of/?sort=top](https://www.reddit.com/r/Superstonk/comments/u16jd0/if_you_know_anything_about_the_department_of/?sort=top) + +========= + +[u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) found BCG, Microsoft, the NYSE and Starbucks (lol) partnered to make a crypto exchange/wallet in 2018. They are financially connected to each other. Citadel, point 72 and Apollo all have ownership of the company.[https://www.reddit.com/r/Superstonk/comments/u0z1iy/bcg\_microsoft\_the\_nyse\_and\_starbucks\_lol/](https://www.reddit.com/r/Superstonk/comments/u0z1iy/bcg_microsoft_the_nyse_and_starbucks_lol/) + +========= + +[u/itsabittricky](https://www.reddit.com/user/itsabittricky/) found BCG attacked **Sri Lanka** [https://www.reddit.com/r/Superstonk/comments/u0xoug/anybody\_watching\_the\_news\_of\_sri\_lankas\_crumbling/](https://www.reddit.com/r/Superstonk/comments/u0xoug/anybody_watching_the_news_of_sri_lankas_crumbling/) + +============= + +that's all for now, as of 3:21pm EST on April 11, 2022 + +============ + +[/u/packof18](https://www.reddit.com/u/packof18/)/ found World Wildlife Fund for Nature WWF [https://wwf.panda.org/act/partner\_with\_wwf/corporate\_partnerships/who\_we\_work\_with/boston\_consulting\_group/](https://wwf.panda.org/act/partner_with_wwf/corporate_partnerships/who_we_work_with/boston_consulting_group/) and + +[https://www.case48.com/bcg-case/17907-World-Wildlife-Fund-for-Nature-WWF](https://www.case48.com/bcg-case/17907-World-Wildlife-Fund-for-Nature-WWF) + +========= + +[/u/Successful-Visit-833/](https://www.reddit.com/user/Successful-Visit-833/) found Lego [https://www.bcg.com/publications/2017/people-organization-jorgen-vig-knudstorp-lego-growth-culture-not-kid-stuff](https://www.bcg.com/publications/2017/people-organization-jorgen-vig-knudstorp-lego-growth-culture-not-kid-stuff) + +========= + +[**Gmatoshenriques**](https://www.reddit.com/user/Gmatoshenriques/) said Ralph lauren + +[https://www.retaildive.com/news/ralph-lauren-unloads-club-monaco-to-private-equity/600122/](https://www.retaildive.com/news/ralph-lauren-unloads-club-monaco-to-private-equity/600122/) + +Former BCG consultant: + +[https://careers.bcg.com/blogarticle/fashion-industry-consulting](https://careers.bcg.com/blogarticle/fashion-industry-consulting) + +======== + +[/u/augh17/](https://www.reddit.com/user/augh17/) said Activision/Blizzard[https://imgur.com/a/IYx6pRx](https://imgur.com/a/IYx6pRx)[https://www.case48.com/bcg-matrix/5569-Activision-Blizzard-Inc](https://www.case48.com/bcg-matrix/5569-Activision-Blizzard-Inc) + +=============================== + +And it seems BCG is currently attacking Burger King and Subway... + +If you have anymore names, please share. + +\-------------- + +[**Corporal\_Retard**](https://www.reddit.com/user/Corporal_Retard/) **said** + +Revlon + +[https://www.reddit.com/r/Superstonk/comments/vaej63/boston\_consulting\_group\_bcg\_hired\_by\_revlon\_plans/](https://www.reddit.com/r/Superstonk/comments/vaej63/boston_consulting_group_bcg_hired_by_revlon_plans/) + +\------------------- + +[**Duluh\_Iahs**](https://www.reddit.com/user/Duluh_Iahs/) **said** + +FedEx [https://www.case48.com/bcg-matrix/12665-FedEx](https://www.case48.com/bcg-matrix/12665-FedEx) + +\---------------- + + [**wboard**](https://www.reddit.com/user/wboard/) **said** + + Carvana [https://www.case48.com/bcg-matrix/4917-Carvana-Co](https://www.case48.com/bcg-matrix/4917-Carvana-Co) + +\---------------- + +[**CopperSavant**](https://www.reddit.com/user/CopperSavant/) **said** + +Harley Davidson... Black and Decker [https://explorer.loopring.io/nft/0xfa76205369a116f3a8df967f148ae55948c5eab7-0-0x70870abdc3566f2d7d5b5836121a9c9a22af7232-0x0c0ced630d2db9a7ed114c3e9981a849684d82101dfac59108b03902f38a59dc-10](https://explorer.loopring.io/nft/0xfa76205369a116f3a8df967f148ae55948c5eab7-0-0x70870abdc3566f2d7d5b5836121a9c9a22af7232-0x0c0ced630d2db9a7ed114c3e9981a849684d82101dfac59108b03902f38a59dc-10) + +\---------------- + +[**TimelessBaller**](https://www.reddit.com/user/TimelessBaller/) **said** + +In the middle east too + +[https://www.reddit.com/r/Superstonk/comments/ue65fd/a\_friend\_told\_me\_lebanon\_has\_been\_going\_through\_a/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ue65fd/a_friend_told_me_lebanon_has_been_going_through_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +\---------------- + + [**Freadom6**](https://www.reddit.com/user/Freadom6/) **said** + +Pizza Hut + +[https://www.reddit.com/r/Superstonk/comments/u0whz1/moar\_bcg\_connections\_former\_bcg\_project\_leader/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/u0whz1/moar_bcg_connections_former_bcg_project_leader/?utm_medium=android_app&utm_source=share) + +\---------------- + + [**n8bman**](https://www.reddit.com/user/n8bman/) **said** + +**behind the scandal at Swedens hospital - New Karolinska** + +[https://www.reddit.com/r/Superstonk/comments/tmrw9p/boston\_consulting\_group\_were\_the\_people\_behind/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/tmrw9p/boston_consulting_group_were_the_people_behind/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +\---------------- + + [**1970Westyvibes**](https://www.reddit.com/user/1970Westyvibes/) **said** + +T-Mobile + +[https://www.case48.com/bcg-matrix/6190-T-Mobile-US-Inc](https://www.case48.com/bcg-matrix/6190-T-Mobile-US-Inc) + +\---------------- + + [**JMRregister**](https://www.reddit.com/user/JMRregister/) **said** + +BCG leveraging a coordinated sales website to obtain internal business data and strategies of United Airlines, Northwest Airlines, Continental Airlines, Delta Air Lines and American Airlines. + +[https://www.nytimes.com/2000/05/20/business/airlines-site-is-under-inquiry.html](https://www.nytimes.com/2000/05/20/business/airlines-site-is-under-inquiry.html) + +[https://www.wsj.com/articles/SB947725431349966671](https://www.wsj.com/articles/SB947725431349966671) + +\---------------- + +&#x200B; + +This is not financial advice. I buy, I hold, I like to move it move it. +Over a month and $41K is in limbo, can't trade, can't withdraw. Their system just gives some stupid error, like "null" and a red line, without any other details. + +Multiple tickets, opened, escalated, tried to write everywhere to them on social media, no response. + +Anyone else experience a similar issue? Is there any chance to get the money back? Do they just ignore all tickets? +Basically the title. I bought a call option on Friday that expired that day. I could’ve sworn I bought one that expired this Friday, but I am apparently illiterate. + +The option got exercised even though I only had a few dollars in my account, which I believed wasn’t possible. I am not a smart woman. + +Anyway. Does anyone know what happens now? My account obviously can’t remain negative so I will sell the shares Monday morning, but if the stock goes down what then? + +It’s a Roth beneficiary IRA so it isn’t even possible for me to add money to the account. The account is with TD so I’m very surprised I haven’t gotten a vaguely threatening email from them yet. + +Edit: it’s not a margin account. I had to apply for options and margin and I only applied for level 1 options. No margin, that’s why I’m confused. + +Edit 2: oh boy I didn’t expect this to get so much traction. Thank you for the awards and for the advice! + +Edit 3: for those of you not understanding what happened here’s my account history: [call option timeline](https://imgur.com/gallery/exFjb2b) +Hey there, +Thank you for [submitting over 60 questions](https://www.reddit.com/r/ethtrader/comments/ccq03p/post_and_upvote_questions_for_paul_brody_head_of/) for u/pbrody. We talked for about an hour and managed to get through almost all of them. + +If you're new to this, please check out earlier conversations with [jtnichol](https://www.reddit.com/r/ethtrader/comments/b1i6wy/jeremiah_nichol_ujtnichol_ethtraders_community/), [Ameen Soleimani](https://www.reddit.com/r/ethtrader/comments/b3gu0f/an_1h53min_talk_with_ameen_soleimani_on/), [Vitalik Buterin](https://www.reddit.com/r/ethtrader/comments/b660l4/vitalik_answers_to_rethtraders_questions/), [Chaz Schmidt](https://www.reddit.com/r/ethtrader/comments/bep2n5/chaz_schmidt_uchazschmidt_answers_rethtraders/) and [Camilla Russo](https://www.reddit.com/r/ethtrader/comments/bzttb9/camila_russo_on_the_history_of_ethereum_financial/). + +The talks are hosted on: +**The Website** - https://www.ethcs.org/paul-brody-on-ey-ethereum-and-enterprise/ +**The Podcast** - RSS https://ethcs.org/feed/podcast/ +**YouTube** - https://www.youtube.com/watch?v=R15fh8PfiVk +**Direct as an MP3** - http://ethcs.org/files/paulbrody.mp3 + +I grouped the questions in an *introduction*, *EY*, *Ethereum's future* and *closing questions*. In the beginning of the interview, Paul mentioned that he and/or team members will answer questions that we didn't get to. I'll post these in the comments. Please note that even if your question didn't *seem* to have made the cut, it was probably answered. I tried to ask everybody's questions but for the sake of not getting too repetitive, some of them are answered in the conversation even though they weren't explicitly asked by me. Also, [check out their miner](https://imgur.com/a/xzVJg0u), because it's easier to mine your own ETH for testing purposes. + +This is a fast-paced conversation packed with insights, so let's get started! + +### "*I think in many ways we had better questions and more insightful comments from the [Ethereum] community on Reddit than we sometimes get from professional journalists. The community has some technical knowledge that most professional journalists don't have, and honestly, they seemed to have put the dots together about our vision - the comments I've read online have often been much more thoughtful and much closer to [the vision that we have] than sometimes the analyses we read in the press.*" - Paul Brody + +***Some questions on Paul..*** + +* u/reterical asks two introductionairy questions. ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=378)) + 1. “What first resonated with you about Ethereum and / or Blockchain?” + 2. “Have you personally interacted with Ethereum projects?” + +***Some questions on EY building on Ethereum..*** + + +* u/reterical asks “*Why did you and EY land on Ethereum as the project to build on?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=517)) +* u/ethical-trade asks “*How did you manage to convince your management to release Nightfall in the public domain?*” ([timestamp](https://youtu.be/R15fh8PfiVk?t=989)) + +* u/litpath asks “*In convincing your clients to use a public blockchain, what has been the most common and effective 'aha' moment that your team has given them?*” Also, and I’m paraphrasing, “*if blockchain is to revolutionize accounting (among other sectors), does EY see their dedicated jump into blockchain as a way to potentially leapfrog the rest of the Big 4, in terms of revenue at least?*” ([timestamp](https://youtu.be/R15fh8PfiVk?t=736)) + +* u/KingLeo23 and u/SteveAM1 ask about the EY Dye Pack. From your LinkedIn: “EY Dye Pack uses ZKP software to identify stolen tokens, prevent their usage, and issue replacement tokens to the victims of thefts, analogous to those exploding dye packs we all see in movies about bank robberies.” *How does this work? Any technical paper to be pointed to?* ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=1155)) + +* u/runnlngoutofspaces says “The Github page reads ‘Note that this code has not yet completed a security review and therefore we strongly recommend that you do not use it in production or to transfer items of material value. We take no responsibility for any loss you may incur through the use of this code.”” *When could we expect that Nightfall has undergone a 3rd party security audit and is safe to use in a production environment?* ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=1217)) (I'm sorry to have butchered your question!) + +* u/DboVilakati asks “*Given EY's interest in developing on the public Ethereum network, how does EY hedge against stalled development (like scaling), regulatory risk, and 'competing' networks? I'm curious how a large organization such as EY plans for developing business lines in the future on the back of as of yet un-actualized technology.*” u/sleepyninja asks a similar question. ([timestamp](https://youtu.be/R15fh8PfiVk?t=1305)) + +* /u/fatfire_throaway97 asks “*How many partnerships/clients does E&Y have that develop on the Ethereum blockchain ? How much growth does this number have?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=1515)) + +* u/ethical-trade asks “*What proportion of EY's clients is willing to start using blockchain because it's actually useful to them, as opposed to using for marketing or for purposes for which a standard database would have done the job?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=1713)) + +* u/mountainminer asks “What are some real world examples of intercompany contracts, accounts payable, inventory and other supply chain problems that ethereum could pay a critical role in solving?*” ([timestamp](https://youtu.be/R15fh8PfiVk?t=2013)) + +* u/EthFan asks “*What type of products and services will E&Y be rolling out using Nightfall in Q1 2020?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2126)) + +* u/sebit asks two questions. “*Which industry can profit the most by integrating parts of their business model on the ethereum blockchain in terms of increasing their efficiency or enabling new ways to deliver value? And to follow up, where do you think we should make a cut on what should be put on a blockchain and what shouldn’t?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2195)) + +* u/rxg says “*You've said before that you believe that fiat currency tokens will be the way that enterprises will want to do transactions.*” He asks “*Could you expand on that? By fiat currency tokens do you mean strictly crypto tokens pegged to the dollar and backed by the dollar by a custodian like USDT? Do you think trustless stablecoins pegged to the dollar which are backed by crypto, like DAI, will be viewed by enterprises as something different or unacceptable in some way?*” ([timestamp](https://youtu.be/R15fh8PfiVk?t=2468)) + +* u/labrav asks "*What do you think would it take for a onchain-based stablecoin like dai to be integrated in enterprise-level blockchain-transactions as a means of payment? Do you think that will ever happen?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2689)) + +* u/MammothGroomer86 asks “*Nightfall supports ERC-721 non-fungible tokens, will the Nightfall software adopt interoperability features, as well? What are your thoughts on it in terms of cross-industry adoption of blockchain?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2705)) (Paul mentioned the 0xcert fork and [this article](https://0xcert.org/news/0xcert-fork-of-ey-nightfall-with-added-features/).) + +* u/ro-_-b asks “*What kind of job profiles does he expect to emerge at EY based on EY's engagement in the field? What roles will EY hire for to support the implementation for their clients?*” ([timestamp](https://youtu.be/R15fh8PfiVk?t=2844)) + + +***Some questions on Ethereum as a network..*** + + +* u/ethical-trade ask “*Will the work done on Nightfall become unusable on the new blockchain (Eth 2.0)? If only partially, to what extent?*” u/ChazSchmidt asked “How does EY plan to handle the transition of its clients from ETH 1.0 to 2.0?” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2904)) + +* u/lawfultots asks “*What's your take or your team's take on Ethereum 2.0 development and deployment? Is it essential for your work long term or could you live on a fork of Ethereum 1.0?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=2943)) + +* u/dbovilakati asks “*Is EY contributing to public Ethereum network protocol development and scaling solutions? If so, how? Does EY do so for any other public blockchain networks?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3127)) + +* u/pocketwailord asks “*Where do you see EY's role with Ethereum once things like DeFi, sharding, and other emerging technologies take off? Will they work mostly with business level improvements, or protocol improvements as a whole?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3212)) + +***Some general questions..*** + +* u/whuttheeperson asks three questions. ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3288)) + 1. “*How aware are you and the EY team of communities like r/ethtrader and the overlap of interests between the community and EY? What do you think about it?*” + 2. “*How cautious are you and the team regarding behaviour that could be construed as ‘pumping’ or ‘shilling’ if you mention Ethereum?*” (We had to skip this one so I'll repost in the comments.) + 3. “*Is there an internal EY policy on owning Ethereum or other cryptos due to COI concerns? Do you get the sense a lot of the team owns some crypto? Do you?*” + +* u/bitchstolemykodo says “*My question has to do with zero-knowledge proofs. I think maybe you were kidding in one of the videos where you made a comment referencing how difficult it is to understand exactly what is going on behind-the-scenes with these proofs, but I can tell you, I'm going over the material that is out there and I'm really struggling to understand it all.*” He asks “*How important do you feel it is that users of a technology like this are able to understand how it works? One of the descriptions I hear given for why we like blockchain is because it's trustless. Is it important that the cryptography behind blockchain be trustless too? Can it be trustless if so few people understand how it works?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3509)) + + +***Some closing questions..*** + +* u/reterical asks “*If you could be any Blockchain, which one would you be? Why?*” ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3661)) + +* I asked "*Did I forget anything? Is there something you wished I would’ve asked you about?*" ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3673)) + +* I asked "*Where can people find you and learn more about you?*" ([timestamp](https://www.youtube.com/watch?v=R15fh8PfiVk&feature=youtu.be&t=3714)) +Can resident Indian get exemption for LTCG from sale of ESPP or RSU (Foreign Assets) against purchase of a house or purchases of NA Land and its construction for house? + +Or Section 54F exemptions applicable for LTCG from Foreign Assets sale? +IRB Invit is a infrastructure trust fund. It's listing price was 100 Rs a unit back in 2017. Now it trades at around 42.4 Rs. + +Lets discuss the following in this thread, + +1. What leads to its consistent poor performance? +2. Why the market has priced it 0.44 its book value despite a good dividend? For a novice, this seems to be an attractive price point but market has consistently down valued this stock since its inception. +3. Is it good for investors to enter the fund now? +4. In general, how are invit's priced? +Within a month of NSE starting its Nifty200 Momentum 30 index (details [here](https://www1.nseindia.com/content/indices/ind_prs25082020.pdf)) UTI has filed for a fund based on it (deatils [here](https://www.sebi.gov.in/filings/mutual-funds/sep-2020/uti-momentum-index-fund_47562.html)). + +Should take care of taxation and churn issue for believers in Momentum Investing :) + +I ,for one, will add it to my passive portfolio currently consiting of UTI N50 and UTI NN50 funds. Opinions? + +Update - 29 Jan 2021 - NFO opening on 18 Feb 2021 - https://twitter.com/utimutualfund/status/1354416530537082880?s=19 +Hello, this is an update post regarding my other post about Poloniex holding my funds of ~46k. + +https://www.reddit.com/r/CryptoMarkets/comments/6rrtju/poloniex_not_closing_my_account_nor_letting_me/ + +First of all, I'd like to thank each and everyone of you for supporting me and taking my side throughout this case. + +Ever since that post I haven't heard a single word from Poloniex's team, there was no reply to any of my tickets nor to my PMs on here. + +If I don't hear anything from them in the next 3 business days, then I will be, unfortunately, forced to take legal action towards this, since that'd be an obvious sign that my money has been stolen and they aren't trying to cooperate. + +If anybody has any information that could help me, then please leave a comment or message me, again, thank you all for the massive support, I didn't expect to receive such. +I live in the south east and for the last 2 years we have been trying to buy a house. We have had 3 failed purchases at different stages, here is what I have learnt. + +Find a broker (these are free) for your solicitors and one that will give you a buy one get next one on them, this is for both the local search’s and building survey. Make sure you check if these expire, preferably get one that does not expire. + +The reason I say a broker is because they will place you with a solicitor who best fits your needs, and does not have too many purchases running at the same time. + +As much as parties try to push you, do each stage 1 at a time. This is where our first time failed. + +We got our mortgage approved, we were encouraged to pay for the local searches while the mortgage did the valuation to keep to process going as quick as possible, but long story short is the bank wouldn’t lend without lots of caveats and the sale fell through. 2 weeks after we got the local search’s through. it then took us too long to find another house and the “free” local search offer had expired. So £350 wasted. + +The order we processed with our purchases has been. + +- Mortgage offer +- Mortgage searches +- Building survey +- Local Searches + +The reason for this is in my experience each stage down the list the likelihood of issues arising goes down. + +Always get a full building survey. Our 2nd purchases fell through because of movement on the property. Long story short here is that we tried to negotiate at structural engineer to check it and the vender refused and just wanted to take 10x the cost of a engineer off the house price. Sounded to suspicious and we walked away. We had gone with a broker this time who had a unlimited time limit on the next building survey, £700 safe for next time. But this wouldn’t have been picked up on just a homebuyers report. + +Next thing is, as hard as it is, never get too excited, after mountains of paper work, “free” survey, £350 local search’s and 4 months of waiting. Our 3rd purchases fell through because the vendor “changed their mind” just before exchange, no penalty to them. + +For our next purchases our circumstances had changed and so had a better rate and we could borrow more so we had to go with a new lender. + +This is where the broker came into their own, we could no longer use the solicitor we had used for the last 2 attempts as they couldn’t process mortgages for our new lender, within a hour they got back to us with a new one, this new solicitors were absolutely amazing and I wish we had them for all of our other purchases. + +So for our 4th attempt everything was going well, we had a free local search but had £700 for a building survey to pay out for. We were told early March we would be able to exchange in a weeks time...... then lockdown happened and our hearts sank at the idea this will stall and fall through. That was up until about 2 weeks ago when we were told that the chain was ready to move, but because of the current climate we need to exchange and complete on the same day. So we send our life savings to our solicitors with no concrete confirmation we actually have a house, handed our notice in on our rented flat and just sit tight. Then 2 days ago we got the keys to our house. We have decided to let it sit and then clean it down before moving in because of the virus. + +We also now have to move with me and my partner while entertaining a 14 month since we can’t get the help from friends to move, we do have 3 weeks and we will do it no matter how hard it will be. All that matters is we finally have a home for our family. + +No matter how disheartened you get about finding a new home, hold in there, England’s house buying systems is so broken it’s hard to make sense of but you will get it, we now have a house and it is the best one out of the 4, we would have a forever home that 2 years ago was out of reach and would have meant we would have had to get a bigger house once we out grew it. + +Edit - spelling + +Edit 2 - just to clarify, we did use a mortgage broker, he cost £400 and did all 4 application for 1 fee and was an amazing guide for us, the broker I am talking about here is a broker to find solicitors and chartered surveyors +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +It has a dividend yield of 3% and the price been around $340 for the last 3 years. I been looking at this stock for 2 years and in the early days of investing, I owned a few shares, not anymore but I been thinking of going back and buying up a couple of shares, What do you guys generally think about this company? + +My opinion: From what I know everything about this company is solid but it's attached completely to what the Government does, let's say a future President cuts the military budget in half, well there goes half of that sweet government money. Besides, it's a solid pick. +Hey guys, I am a 19 year old who got into investing about 8 months ago when some stocks were really low. I really don’t know much on investments besides regularly investing in VOO. I want to create a strategy to put my money into almost all monthly dividend stocks and use that passive income to buy more S&P 500. I’m a very busy guy so I don’t want to learn to pick individual growth stocks just yet, and want something easy and simple. Is this strategy a bad idea? Any higher (safe) dividends recommended for my portfolio? Once again, I am new and know the basics but that is about all. Thanks!! +As far as I can tell, they are both effectively a sales tax, and yet just about all sides of politics and economists seem to agree that one is good and one is bad. + +I don't get it. Please educate me. +My partner and I were going to purchase our first property as a PPOR and move in together. Both with reasonable incomes and ability to purchase alone/together. This would be our first move out of home for both of us, circa 25yo. +She has now changed her mind and wants to buy by herself and get a housemate in to assist to pay it down. She’s offered to let me move in with her and pay rent/board. Her preference to purchase alone is mostly due to the lower risk exposure should the relationship fail than if we purchased together. Both of us are reluctant to rent, as we can currently afford to purchase now. + +Coming from a contracts background for work, I’m not super keen on renting/boarding from her as I see it as a commercial agreement that would change the nature of our relationship. I’m fairly good on the tools and I suppose I’m concerned I’d be paying rent, but still feel obliged to help with maintenance/upkeep and property improvement etc. without actually having ownership of the property and theoretically have no security of tenancy/notice periods etc. + +Whilst I realise part of this is a relationships issue, I’m struggling to come around to the idea of renting from my partner - am I over reacting to this? Is there any hidden pros/cons that I haven’t considered? +I've been working at my current employer since September 2017. Back in November 2018, my current employer gave me a "spot bonus" of $25k. They never actually informed me that I was receiving the bonus, and I certainly did not have to sign anything to get it. It was simply added to my paycheck with the note "spot bonus". Cool, I thought. + +Fast forward to today, I've given notice to leave the company. HR informed me that because I am leaving the company less than 12 months after receiving the spot bonus, I have to reimburse them for the amount. This leaves a bad taste in my mouth because 1. it was a bonus for past work, not retention and 2. they never informed me that I would have to return the bonus when they awarded it to me. + +I checked my offer letter to see if anything is mentioned there. When I signed with the company, they offered me a signing bonus that I would have to repay if I left within 12 months of signing, but I'm clearly past that. It doesn't mention I have to repay any other bonuses. HR is only asking for the bonus I received in November and not the bonus I received when I signed. + +Do I really have to repay the bonus? + +**Update:** Thanks everyone for the advice. My employment with the company was at-will status. I don't have an employee manual, and I did not see anything in the employment agreement regarding repayment of this bonus. I sent an email to HR asking them for the documents regarding the bonus. I would still like to leave the company on good terms, so hopefully just an honest mistake on their end. + +**Final Update:** https://old.reddit.com/r/personalfinance/comments/bk2myn/update_leaving_a_company_company_wants_spot_bonus/? +**Updated Title |** **~~The End Is Near:~~** **Market Tops & Distribution Days** + +# Part 1: Introduction + +Hello apes, I was having a look at stonks today and wondered when the hell this thing was gonna moon. (No dates!) Yes, I know, no dates. BUT, moon soon is not a date. It is a state of mind. The "moon soon" state of mind is what this post is all about. + +**What do we know?** + +Well, we know already from a shit load of DD and Bloomberg Terminal drops that the beta of $GME is sitting at as of ~~8~~ 4 days ago, ~~-0.829~~ \-36.433. + +&#x200B; + +[Courtesy of u\/Ravada](https://preview.redd.it/7h12dl71cyv61.png?width=1917&format=png&auto=webp&s=60ccaf3684f14b0f7ba6cd4496e86b866f56f333) + +**Edit 1: Comment from** u/AreYouSiriusBGone + +>Just on a side note, the beta you have (-0.829) is the average value from a time period of 2 years. +> +>The most recent beta i saw on a BBT screenshot was calculated over the time period of 12/31/2020 to 04/23/2021. +> +>Raw beta: -36.433 +> +>Adjusted beta: -23.955 +> +>[https://www.reddit.com/r/Superstonk/comments/mx4kun/23042021\_gme\_bloomberg\_terminal\_information/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mx4kun/23042021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +Negative beta has been covered numerous times, but here is a quick rundown for the new apes. + +&#x200B; + +>**Negative beta**: A beta less than 0, which would indicate an [inverse relation](https://www.investopedia.com/terms/i/inverse-correlation.asp) to the market, is possible but highly unlikely. Some investors argue that gold and gold stocks should have negative betas because they tend to do better when the stock market declines. + +[Investopedia Definition](https://www.investopedia.com/investing/beta-gauging-price-fluctuations/) + +# Part 2: Distribution Days + +Now, I have not seen any post referencing these yet. However, I may be wrong! Due to a lack of posts around this phenomenon, I will let Investopedia and Investors Business Daily explain it to you. + +&#x200B; + +>Distribution Stock and Distribution Days +> +>Distribution days is a term related to distribution stock in the sense that heavy institutional selling of shares is taking place. A distribution day, technically speaking, occurs when major market indexes fall 0.2% or more on volume that is higher than the previous trading day. A string of these days together is called distribution days and is often associated with signs of a market top. Distribution stock may be part of this period of high volume selling in the market, although a seller of a large position may not be able to completely unload its desired amount of shares. + +[Investopedia Definition](https://www.investopedia.com/terms/d/distribution-stock.asp) + +&#x200B; + +>Stock Market Tops: The Definition Of Professional Selling +> +>A distribution day is a significant decline in a major stock index in higher volume than was seen in the previous session. IBD defines a "significant decline" as a drop of more than 0.2%, with no rounding up to get to 0.2% allowed. +> +>A distribution day indicates unusually heavy selling by institutional investors, the heavyweights who largely set a market's direction. +> +>Four or five distribution days over several weeks nearly always signal that stocks have topped and are heading for a downturn. That's similar to how persistent headaches, coughs and sneezes suggest that you ought to call in sick and break out the chicken soup. +> +>IBD's research has determined that investors shouldn't count distribution days after 25 trading days have passed. At that point, those days of liquidation have become irrelevant. +> +>A distribution day also falls out of an index's count after the index climbs 5% above that distribution day's close. IBD has developed this rule on the premise that when an index rallies and extends itself from a distribution day, it's showing the strength to overcome high-volume selling. + +[Investors Business Daily Definition](https://www.investors.com/how-to-invest/investors-corner/how-to-spot-stock-market-tops-track-the-distribution-days/) + +&#x200B; + +**TA;DR: Institutions are offloading their stocks, causing higher volume on down days, signalling a market top** + +# Part 2.1: Examples + +**Edit 2: Added examples for you apes!** + +By May 4, 2010, distribution days had piled up, with four such days for the Nasdaq in the preceding few weeks. + +Those four distribution days for the Nasdaq were on May 4 **(1)**, April 27 **(2)**, April 16 **(3)** and April 7 **(4)**. On each of those days, the tech-heavy index fell more than 0.2% in faster trade than in the prior session. + +The other three major indexes — the Dow, the NYSE and the S&P 500 — all had more than four distribution days by May 4, adding to the bearish mood. + +&#x200B; + +[NASDAQ May 2010](https://preview.redd.it/pttgue3uayv61.png?width=1135&format=png&auto=webp&s=f9ffa0833648279047cc378cfa6c2ea5283f6e38) + +When the Nifty 50 started in a Confirmed Uptrend from July 10 onwards, it experienced its first distribution day on July 18 **(D1)** and the second on August 10 **(D2)**. + +The third, fourth, and fifth distribution days occurred on August 29 **(D3)**, September 4 **(D4)**, and September 11 **(D5)**, respectively. **D1** had already expired by then, putting the total distribution day count at 4. But the market started showing weakness with the fifth distribution day count **(D6)** on September 18. + +&#x200B; + +[NIFTY September 2018](https://preview.redd.it/xe6eaoyvayv61.png?width=1365&format=png&auto=webp&s=47ba5803d847fea43b3a8e36afaaca0fb7f91894) + +# Part 3: Some screenshots + +So, a little recap: + +1. We know what the negative beta definition is +2. We know what the negative beta for Gamestop is +3. We now know what a distribution day is and what it means + +I am now going to provide **EVIDENCE** that we have seen distribution days on the NASDAQ. Each distribution day is going to be in **BOLD.** + +&#x200B; + +[NASDAQ Daily Chart](https://preview.redd.it/cpr86fayayv61.png?width=3625&format=png&auto=webp&s=969a292060dec78566a9508aada8d6b86bccd953) + +12 April 2021, Volume 767k, Change +0.10% + +13 April 2021, Volume 783k, Change, +1.09% + +**14 April 2021, Volume 1,003k, Change -1.06%** + +15 April 2021, Volume 795k, Change +1.24% + +16 April 2021, Volume 762k, Change +0.19% + +**19 April 2021, Volume 1,036k, Change -0.93%** + +**20 April 2021, Volume 1,069k, Change -1.13%** + +21 April 2021, Volume 840k, Change +1.14% + +**22 April 2021, Volume 1,184k, Change -0.93%** + +23 April 2021, Volume 785k, Change +1.04% + +26 April 2021, Volume 723k, Change +0.83% + +**27 April 2021, Volume 776k, Change -0.50%** + +**Total Distribution Days: 5** + +&#x200B; + +Okay, cool, well, that is just the NASDAQ. I am sure it is a one-off! Let's check the S&P500, see what we find... + +&#x200B; + +[S&P 500 Daily Chart](https://preview.redd.it/z1o4vnf0byv61.png?width=3619&format=png&auto=webp&s=606f57f30e4e01d8f068b953f2b4fc9c40256aff) + +12 April 2021, Volume 169k, Change +0.22% + +13 April 2021, Volume 159k, Change, +0.28% + +**14 April 2021, Volume 199k, Change -0.28%** + +15 April 2021, Volume 160k, Change +0.96% + +16 April 2021, Volume 161k, Change +0.23% + +**19 April 2021, Volume 180k, Change -0.37%** + +**20 April 2021, Volume 195k, Change -0.87%** + +21 April 2021, Volume 140k, Change +0.89% + +**22 April 2021, Volume 210k, Change -0.65%** + +23 April 2021, Volume 110k, Change +0.87% + +26 April 2021, Volume 121k, Change +0.37% + +27 April 2021, Volume 134k, Change -0.03% + +**Total Distribution Days: 4** + +&#x200B; + +Shiiiiit! Well, at least the institutions won't be selling stocks on the Dow Jones, right?! + +&#x200B; + +[Dow Jones Daily Chart](https://preview.redd.it/xqpjred3byv61.png?width=3621&format=png&auto=webp&s=118cbf861425da88845d166d7d4233613ba546f5) + +12 April 2021, Volume 180k, Change -0.10% + +**13 April 2021, Volume 197k, Change, -0.20%** + +14 April 2021, Volume 244k, Change +0.28% + +15 April 2021, Volume 193k, Change +0.80% + +16 April 2021, Volume 171k, Change +0.34% + +19 April 2021, Volume 214k, Change -0.17% + +**20 April 2021, Volume 248k, Change -0.91%** + +21 April 2021, Volume 170k, Change +0.89% + +**22 April 2021, Volume 273k, Change -0.79%** + +23 April 2021, Volume 164k, Change +0.57% + +26 April 2021, Volume 127k, Change -0.06% + +**27 April 2021, Volume 139k, Change -0.23%** + +**Total Distribution Days: 4** + +&#x200B; + +WRONG! All 3 major indexes show signs that the end is near, and this mega bull run is almost over. + +# Part 4: The Moon + +When all of these parts are put together, we will inevitably be mooning soon. This is only one piece of evidence that the market is looking like it is about to crash. However, it is coming out from every angle. + +Even the Blackrock CEO thinks the markets look frothy! + +**So what now?** + +Personally, I will be doing the only thing I know how BUY and HODL. Sell buttons do not work on my broker. + +&#x200B; + +Obligatory: 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +I'm an old school guy so I only think about using options to hedge against a stock purchase. But these days it seems like everybody is buying options by themselves (not tired to any stock purchase), and people seem to be only making options trades. I hear a lot on this sub about people trying to get good historical data on options as well. Were options popularized by social media influencers, or featured heavily in some app? Why did the world go options crazy? +They're on the panel at the conference this week...and this job posting is for an Ethereum-based product developer. + +http://jobs.ethercasts.com/jobs/zXn2pZZdb5RkKZFDR/full-stack-developer-ethereum-based-product + +https://jobs.sap.com/job/Palo-Alto-Full-Stack-developer-SAP-Innovation-Center-Network-Job-CA-94301/325423601/?locale=en_US +In contrast to the government’s portrayal of the Silk Road website as a more dangerous version of a traditional drug marketplace, it was in many respects the most responsible drug marketplace in history. + +By giving users cleaner drugs, off the dangerous streets, and by using anonymized money, it was largely a peaceable alternative to the often deadly violence so commonly associated with the global drug war, and street drug transactions! + +Furthermore, the website had safe usage forums with information mechanisms for safer and more responsible forms of recreational drug use; something you certainly won’t get on the streets or from Google. + +Silk Road showed us an (imperfect yet forward thinking) way to overcome issues involved with drug use, but lawmakers only want to focus on punishment while casting crypto as this dirty tool for dirty people. +There has been a trading halt for WBT today as it seems WBT made a 2am Twitter post to announce their upgraded partnership with CEA Leti and Market Eye seems to have mixed up the announcements to its subscribers with the partnership announcement that would have followed in the next few days, here is it below. + +&#x200B; + +**Weebit Nano** (ASX:WBT) has today entered into a commercial partnership with US semiconductor foundry SkyWater Technology Inc. (NASDAQ: SKYT) to take its innovative ReRAM technology to mass production. Under the partnership, SkyWater has licences Weebit’s ReRAM technology for use in customer designs.SkyWater is a US-based-and -owned semiconductor developer, manufacturer and a US Department of Defense-accredited supplier. It specialises in advanced product design, development and volume manufacturing of differentiated Integrated Circuits (ICs) for use within the aerospace, defense, automotive, consumer, industrial and IoT industries.Coby Hanoch, CEO of Weebit Nano, said: “Weebit’s first commercial agreement is a major milestone for the Company. It enables us to mass produce our cutting-edge ReRAM technology and offer it to SkyWater’s extensive customer base, putting us on the path to ongoing revenue generation. SkyWater is the ideal first commercial partner for us – they have an impeccable reputation in microelectronics industry, and our ReRAM aligns with their focus on technologies for the future.“As a licensee of our next-generation memory technology that we have developed in collaboration with Leti, SkyWater will be able to include our ReRAM within new product designs they are developing and manufacturing. We look forward to collaborating with SkyWater, starting immediately with the transfer of our technology to their US-based production fab.” + +[https://www.skywatertechnology.com/](https://www.skywatertechnology.com/) + +&#x200B; + +[https://124a0ppijtc3yz3aw2hh75zp-wpengine.netdna-ssl.com/wp-content/uploads/2021/06/SkyWater-EEtimes.pdf](https://124a0ppijtc3yz3aw2hh75zp-wpengine.netdna-ssl.com/wp-content/uploads/2021/06/SkyWater-EEtimes.pdf) + +&#x200B; + +[https://www.weebit-nano.com/](https://www.weebit-nano.com/) + +&#x200B; + +EDIT, this was the 2am Twitter post from WBT which in itself is AMAZING news. + +[https://www.weebit-nano.com/wp-content/uploads/2021/08/PR\_Weebit-Nano-broadens-its-technology-portfolio-to-further-bolster-its-ReRAM-capability-and-expand-commercialisation-opportunities\_RRAM\_AUG-31-2021.pdf](https://www.weebit-nano.com/wp-content/uploads/2021/08/PR_Weebit-Nano-broadens-its-technology-portfolio-to-further-bolster-its-ReRAM-capability-and-expand-commercialisation-opportunities_RRAM_AUG-31-2021.pdf) + +&#x200B; + +EDIT 2 - Before TH occurred the short position on WBT was over 1m shares. We will have to see how covering those shorts after an announcement like this will go. + +&#x200B; +So I needed to celebrate, but didn't know where else to do it. But I am so damn proud of myself! + +A little backstory - I'm 26, and recently graduated college. I grew up kind of poor (due to my mother's illness) and most of my working life has been low paid/minimum wage hospitality and retail work. +And during my uni days, I struggled to find work and lived off student welfare at 12k a year (6k of which went on rent.) +So in other words, I have had a really hard time saving any money. Up until now, I considered having two or three hundred in my account to be "savings". + +After I graduated uni last year, I finally found a better paying entry level position and also another hospitality job. I've been working my ass off (50 - 60hrs a week) since January, and saving the majority of my pay. I kept living the thrifty lifestyle same as when I lived on welfare. I also finally took an interest in my finances, mostly in thanks to this sub and r/frugal. I found a good savings account (3% interest) and kept depositing into it as much as I could. + +And today it finally paid off. + +I finally hit my goal of $10,000!! + +I honestly don't even know what i should do with the money. I just feel so happy to have achieved my goal, and to have that fund there in case of any emergencies. I think I should probably invest some of it, but I know very little about investing in Australia. If anyone has any advice for me, that would be amazing. + +Thanks, everyone!! + + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +[https://www.theverge.com/2020/6/16/21292642/microsoft-money-in-excel-template-addin-feature-personal-finance-microsoft-365](https://www.theverge.com/2020/6/16/21292642/microsoft-money-in-excel-template-addin-feature-personal-finance-microsoft-365) + +May be interesting for those of you who currently use Excel manually for personal finance. Fair warning I think this feature requires a paid subscription +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Ever since windup was announced in 6 debt schemes of Franklin, I'm checking the NAV of it's UST bond fund and it's gone down by bits and pieces every single day. As per value research, one week return is -0.42% (checked on 01-May). I'm not sure how the wind-up is protecting the value of investors in this case ? If this goes on till they redeem all our units (over 2-3 years) I don't have much hope of even recovering my entire principal amount. Any thoughts ? +I just started with crypto a month back and I just realized that my screen time for the past week was 13 hours on an average. Crypto market is just soo freaking addictive. I cant just put my phone down for more than 15 mins straight. And the fact that this market is open 24x7 365 certainly doesn't help either. I am simply loving it. Anyone else went through this stage when they started or should I be concerned about this? +#TL;DR: (from the last 3 paragraphs below: + +>However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper. + +>The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs. + +>This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin. + +***Hmmm…is it just me, or did we, a bunch of independent, rando investors, find a great not-just-any company in GameStop (that has a blindingly bright very-near-future), and a great DeepFuckingValue stock in GME that we all just happen to independently like?*** + +# = = = = = = = = = + + +Hey, apes. The post below was made over 8 years ago in another sub. + +It was reposted here a couple times almost a year ago, but since then MANY new GME apes have joined who’ve never seen it but ABSOLUTELY should, and I think all of us that have seen it would really benefit from taking another read through. + +Cheers, and I’ll see you all on Monday! +-E2 + +P.S. MOASS is TOMORROW (yes, even on the weekends! ;) + +# = = = = = = = = = + +#Original post, word-for-word, begins below: + +# = = = = = = = = = + + + +Market Maker Speaks Out: Ways of a Market Maker + +Author: **Unknown** + +Date: **Unknown** + +Source: [link](https://archive.ph/0lPfa) + +_______ +>#Market Maker Speaks Out: Ways of a Market Maker +> +>I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade. + +>They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks. + +>So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM. + +>If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on. + +>Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more. + +>As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses. + +>With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision. +> +>Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks. + +>But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever". +> +>Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). + +>Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them. + +>Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread. + +>Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon. + +>Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over. + +>Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular. + +>This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience." + +>**Market Maker's Operating Procedure** + +>The savvy long-term investors never chase stocks up. For the most part that is momentum players and daytraders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding. + +>More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price. + +>MMs follow a simple code of business when making a market in a stock especially an OTC BB. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off. + +>When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see + +>The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get and the NASD is not going to do anything about it. They are merely making the market liquid is there reasoning. + +>The market makers have created an added complication to the OTCBB's chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop. + +>Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover. + +>Boy, when this happens, the MMs are not very happy campers. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar mark or percent from where the stock started. Could be a penny in smaller priced securities? What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling. + +>Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread. + +>Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while. + +>Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story. + +>MMs have a vast resource of tactics and it would take probably more than my lifetime to figure them all out. + +>So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence. + +>However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper. + +>The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs. + +>This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin. + +>"Market Maker Speaks Out: "Ways of a Market Maker" Author: Unknown +____ +# Health Insurance 101 +There appears to be a multitude of posts on /r/personalfinance about how individuals had unexpected bills because of a problem with their medical insurance or their medical practitioner. This post will cover the basics of health insurance, as is relevant for most consumers. + +**Remember**, like many other topics discussed in /r/personalfinance, your choices for healthcare are *personal*. The health insurance policy that's best for one individual may not be the best for someone else. + +Also, I am far from being an expert in healthcare and it is likely that I made a mistake in this long post. I apologize in advance for any mistakes and would appreciate them being corrected. + +# Contents + +* Health Insurance Vocabulary +* An Illustrative Example +* Negotiated Rates +* Fully-covered Services +* Types of Insurance Policies +* Comparing Insurance Policies +* Lowering the Cost of Healthcare +* Preparing for Medical Treatment +* Dental Insurance +* Afterword + +# Health Insurance Vocabulary +When looking at a health insurance policy, there are four numbers you really want to look at when you're comparing health insurance plans: The policy's **premium**, **deductible**, **co-insurance**, and **out-of-pocket maximum**. + +The *premium* is the cost of the insurance coverage. It can be billed weekly, monthly, or however often the insurance company/your employer decides. + +The *deductible* is the amount that you pay out-of-pocket for medical services each year before insurance starts paying anything. + +*Co-insurance* is the percentage of medical costs that **you** pay after meeting the deductible. + +A *co-pay* is a fixed amount that you pay for a service. You usually only pay co-pays for services not subject to the deductible. + +The *out-of-pocket maximum* is the maximum you pay for medical expenses in the calendar year. Once the out-of-pocket maximum has been met, the insurance company will pay 100% of medical costs for the remainder of the year. + +# An Illustrative Example +Bob pays $500/month has an insurance policy with the following characteristics: A $2,000 deductible, 20% co-insurance, and an out-of-pocket max of $5,000. + +In January, Bob got sick and had to visit the doctor. Because he hadn't yet met the deductible, Bob had to pay for $150 for the visit out of his own pocket. + +*Current Status*: + +*Deductible*: $150/$2,000 + +*Out-of-pocket Maximum*: $150/$5,000 + +&nbsp; + +In June, Bob had a heart attack and went to the emergency room. The bill for the hospitalization and the diagnostic exams came out to $2,850. From the bill of $2,850, Bob is required to pay $1,850 towards the deductible (he paid $150 for his earlier sick visit) and $200 (20% of the next $1,000) as co-insurance. Bob has now met his deductible and has paid $2,200 towards his out-of-pocket maximum. Bob's insurance company has paid $800 of Bob's medical expenses. + +*Current Status*: + +*Deductible*: $2,000/$2,000 + +*Out-of-pocket Maximum*: $2,200/$5,000 + +&nbsp; + + +In August, Bob needed emergency surgery and spent a week recovering in the hospital. The bill for the surgeon and hospital stay is roughly $30,000. Because Bob met his deductible, he is only required to pay the 20% co-insurance of $6,000. But Bob already paid $2,200 towards his out-of-pocket maximum of $5,000. So Bob only needs to pay $2,800 to meet his out-of-pocket maximum, and the insurance company pays the remaining $27,200. Bob is not having a good year. + +*Current Status*: + +*Deductible*: $2,000/$2,000 + +*Out-of-pocket Maximum*: $5,000/$5,000 + +&nbsp; + + +Disaster strikes again. In October, Bob breaks his leg and racks up another $10,000 in medical bills. Because Bob met his out-of-pocket maximum, he doesn't have to pay anything. Bob's health insurance pays the full $10,000. + +*Current Status*: + +*Deductible*: $2,000/$2,000 + +*Out-of-pocket Maximum*: $5,000/$5,000 + +&nbsp; + + +Over the course of the year, **Bob spent $6,000 for his health insurance and $5,000 on medical expenses for a total of $11,000. Bob's insurance company spent $38,000 ($800 + $27,200 + $10,000) on Bob's medical expenses**. Bob's wallet is hurting, but at least he has something left in it. + +Under the Affordable Care Act, medical insurance providers cannot put an annual or lifetime cap on how much they'll pay for expenses for *essential health benefits*. Essential health benefits include emergency services, hospitalization, maternity and newborn care, prescription drugs, and more. + +# Negotiated Rates + +In the above example, having health insurance was financially an excellent move for Bob. For $11,000, he avoided paying $43,000 worth of medical bills. But most people don't have medical bills that exceed their out-of-pocket maximum. For those individuals, health insurance provides a secondary benefit called "negotiated rates". + +When you visit a medical practitioner or hospital, they can bill any amount they want (although some are limited by local laws). For some practitioners, the insurance company negotiates how much they'll pay them for that service. For example, a doctor may charge $200 for a sick visit. But the insurance company negotiates that they'll only pay $75 for a sick visit. The $200 bill sent by the doctor to the insurance company is called the *pre-negotiated rate*. The $75 bill in this instance is called the *negotiated rate*. An insured patient at an in-network practice will not need to pay more than the negotiated rate. + +The medical practices that have a negotiated rate with your insurance company are considered to be *in-network*. The medical practitioners that did not agree to the discounted rates are considered to be *out-of-network*. An out-of-network medical provider can charge you the pre-negotiated rate. Taking the above example, the insurance company may only pay $75 for a $200 out-of-network sick visit, leaving the patient responsible for the $125 balance. + +Additionally, insurance companies also may have different deductibles, co-insurance, and out-of-pocket maximums for in-network vs out-of-network visits. For example, the deductible may be $3,000 for in-network visits and $4,000 for out-of-network visits. It is usually most efficient financially to only use in-network providers. + +# Fully-covered Services + +All ACA-compliant insurance policies fully cover well visits and preventative care at in-network providers. These include medical care like immunizations and checkups. That means that someone going for a regular check up does not have to pay anything for the visit, independent of whether or not the deductible was met. + +For example, Alice has a health insurance policy with a $1,000 deductible. Alice is healthy and wants to stay that way, so she schedules a flu shot at her doctor's office. Even though it's January and Alice hasn't paid anything towards her deductible, her insurance policy completely covers the flu shot and Alice does not have to pay any part of the cost. + +# Types of Insurance Policies +(From the wiki: https://www.reddit.com/r/personalfinance/wiki/health_insurance) + +* **HMO (Health Maintenance Organization)**: HMO insurance plans generally have cheaper premiums than the other types of plans. The drawback is that they are also usually the most restrictive when it comes to selecting health care providers. Most HMO insurance plans also require a referral from your primary care physician (PCP) to see a specialist. +* **EPO (Exclusive Provider Organization)**: EPO insurance plans, like HMO, usually will only cover non-emergency medical costs from providers that are in-network. Referrals are not usually required in order to see specialists. +* **POS (Point of Service)**: POS insurance plans will usually cover medical costs both in- and out-of-network, though you will typically pay less at in-network providers. Referrals from a primary care provider may be required to see specialists. +* **PPO (Preferred Provider Organization)**: PPO insurance plans, like POS, cover medical costs both in- and out-of-network, with cheaper costs when staying in-network. A referral is usually not required to see specialists. + +HMO and PPO plans are the most common. Most health insurance plans can be compared by looking at the participating (in-network) providers, whether a referral from your physician is needed to see a specialist, the deductible and/or co-pays, and the out-of-pocket maximum. + +Most of these options can be improved at the expense of increasing the premium. With all else being equal, a plan with a lower deductible will have a higher premium. Similarly, a plan with a lower out-of-pocket maximum or a larger provider network may also have a higher premium. + +# Comparing Insurance Policies + +When considering insurance policies, you’ll want to verify that your doctors are all in-network and that you’ll be able to easily visit an in-network practice in the event of an emergency. *If you can’t use your health insurance to lower your medical bills, it doesn’t make a difference how low the premium is*. + +When comparing healthcare policies, I’ve found it worth examining the minimum, expected, and maximum cost for each policy. The minimum cost would be for the premiums and any regular prescriptions and medical visits necessary. The maximum cost would be the sum of the premiums and out-of-pocket maximums. The expected cost would be the average amount you expect to spend on healthcare over a year, including the premiums and the cost of several sick visits. + +The expected cost of an insurance policy can be affected by many factors. The larger your family, the more sick visits you'll likely have during the year. The expected illnesses and complications for a 25-year old are very different than those of a 55-year old. Another factor to consider is that if a family member has a chronic condition, your calculation for the expected cost could be very different. Likewise if you (or your wife) is pregnant and has been having minor complications, you can expect that you'll have many more doctor's visits than normal, and you'll need to evaluate the chance of the baby spending time in the NICU. + +The expected cost of your health expenses is where health insurance becomes extremely personal. + + +# Lowering the Cost of Healthcare +Healthcare expenses can be quite high, with deductibles of several thousand dollars and out-of-pocket maximums over ten thousand dollars. Luckily, the IRS allows people to sometimes lower the actual cost of healthcare expenses by paying for them pre-tax. + +Some employers grant access to a *Healthcare Flexible Spending Account* (HCFSA, sometimes called FSA), where money is taken out of the employee’s paycheck pre-tax. Then, as the healthcare expenses are incurred, the employee submits the receipts to the HCFSA program, which then reimburses the expenses from the pre-tax allotment. Some HCFSA programs also supply a debit card which can be used to pay for eligible expenses. + +One of the biggest issues with HCFSAs is that the money allocated for them is “use-it or lose it”, meaning that only expenses incurred during the calendar year can be reimbursed from the HCFSAs. Any money left in HCFSA cannot be used in the following calendar year. While some companies allow carrying over up to $500, you’ll need to check your companies exact policy to determine what amount, if any, can be carried over to the following year. + +For example, Joe allocated $2,000 for his HCFSA. Over the course of the year, Joe incurred $1,000 of medical expenses. Joe’s company’s HCFSA does not allow carrying over any funds in his HCFSA, so Joe loses the remaining $1,000 in the HCFSA. + +Another option available is called a *Health Savings Account (HSA)*. If someone has an insurance policy classified as a *High-Deductible Health Plan (HDHP)*, they are allowed to open and fund an HSA. An HSA can be funded with pre-tax dollars, and unlike an FSA account, the balance is not forfeited at the end of the year. Any money left in the HSA at age 65 can be withdrawn without penalty, similar to a traditional 401(k). + +# Preparing for Medical Treatment +There are many stories of people being shocked with a bill for thousands of dollars. Below are the steps you can take to avoid owing (potentially) thousands of dollars. + +1. Choose an in-network practitioner. Verify that they’re in-network by calling your insurance company or checking your insurance company’s online directory. Many people have been told by a secretary that the practice is in-network and then learned otherwise. If you go out-of-network, you’ll likely have to pay the full charge for the service and will likely need to submit the bill to the insurance company yourself for reimbursement. +1. If a referral or preauthorization is needed, make sure the paperwork is squared away. You may receive an EOB for the upcoming procedures. If you don’t receive an EOB, call your insurance company to verify that all necessary paperwork went through. +1. After each visit, you should receive an explanation of benefits (EOB) with an itemized list of what the doctor billed for. If there is an unexpected or fraudulent item, contact the doctor’s office to clarify why that line is included on your bill. Health providers are required to provide an itemized bill. If the charge is fraudulent, contact your insurance company. +1. If you go to an out-of-network practice, keep a copy of the statement from the doctor’s office, in case you need to submit the claim to your insurance company yourself. Even if the secretary says they’ll submit the claim to your insurance for you, they may not - and you’ll be the one who has to foot the bill. +1. Once you determine how much is owed from a medical visit, submit the expense to your HCFSA for reimbursement. + +# Dental Insurance +Dental insurance operates similarly to health insurance, with similar plan types, provider networks, deductibles, and co-pays. However, dental insurance policies **can** have an annual or lifetime maximum for services, as they are not legally required to offer unlimited benefits. + +# Afterword + +Thanks for reading this massive wall of text (6 pages in the Google Doc I drafted it in). I hope you found it educational and understandable. If I omitted any important details, or worse, made a mistake, please let me and the other readers know! + +Many details of health insurance were left out of this writeup. Some intentionally, many unintentionally. Below is a list of omissions for anyone interested in learning more: + +* **Preventative Care**: Not all preventative care is fully covered by insurance. To quote /u/whynot19734: "Make sure that when you schedule an appointment for one of these services, you confirm that it is a covered preventive benefit, and if you get charged afterward, appeal it with your insurer." (Thanks to /u/whynot19734) + +* **Policy Years**: The examples above assumed the health insurance's "Policy year" is the calendar year (Jan-Dec). Some employers use other 12-month periods. For example, a school might use use July-June instead. (Thanks to /u/108241) + +* **Family vs Individual plans**: Many people get a single health insurance plan to cover their entire family. Family plans often have a larger collective deductible and out-of-pocket maximum, but may also have individual deductibles and out-of-pocket maximums. (Thanks to /u/GooDawg for pointing out this omission) + +* **Prescription drug tiers**: Most insurance companies will have different copays for different medications. A drug on a higher tier may cost you much more than a functionally-equivalent drug on a lower tier. Generics will usually be on the lowest tier. It may be worth bringing your insurer's drug tier list to the doctor to make sure your prescriptions are covered. Your doctor may also be able to prescribe an equivalent drug on a lower tier. (Thanks to /u/CodexAnima and /u/47Ronin) + +* **Healthcare Exchange**: Every state has a healthcare exchange where you can purchase a policy. You may be eligible for subsidies or tax credits if you purchase a plan through the exchange. + +* **COBRA**: If you lose your job, you can keep the policy you had through your employer, but you have to pay the full premium (including what your employer previously paid) and an administrative fee (often around 2%). + +* **Negotiating a cash discount**: You can sometimes get a better rate on a medical procedure if you offer to pay cash, immediately. If you have a high enough deductible that you're confident you won't hit, this can sometimes (Thanks to /u/slyedge) + +* **Requesting Charity Care**: Low-income patients may be able to request Charity Care: free or reduced-cost medical care. (Thanks to /u/ffxivthrowaway03) + +* **Fighting a medical bill**: There are many ways one can attempt to prevent large medical bills. You can try to get a discount by requesting charity care or negotiating a cash discount or no-interest payment plan. Someone can stay with the patient and keep records of what care and procedures were actually performed (there are plenty of stories of charges for procedures that never occurred). You can demand an itemized bill and possibly request procedure results to force the hospital to prove they were performed. If your insurer denies a claim, investigate why. It may be possible to obtain documentation proving that a procedure was medically necessary. Certain states (like NY) also have laws on how much out-of-network doctors and specialists can bill patients at an in-network facility. (Thanks to /u/brp) + +* **Planning an emergency fund**: In the event of an expensive medical emergency, you'll likely need to pay your deductible. You may also not be able to work. If possible, it's worth increasing your emergency fund to cover a significant portion (or all) of your deductible so a single medical emergency isn't guaranteed to force you into debt. + +* **Dental insurance limitations**: Dental insurance providers may not cover some procedures they deem cosmetic. Dental insurance plans may also require coverage for a duration (could even be a year) before providing benefits for major work like root canals or crowns. (Thanks /u/KingOfTheBongos87) + +* **Fee for not having health insurance**: Anyone not covered by health insurance for more than two complete 2 months during a calendar year has to pay a fine. The fine for 2015 is 2% of the household income (up to a max of the average national Bronze plan) or $325 per adult and $162.50 per child under 18 (up to a max of $975), whichever is larger. The fine for 2016 is 2.5% of the household income (up to a max of the average national Bronze plan) or $695 per adult and $347.50 per child under 18 (up to a max of $2,085), whichever is larger. + + +Edit 1: Corrected math on annual premium, added section title for "Comparing Insurance Policies" + +Edit 2: Expanded "Comparing Insurance Policies" + +Edit 3: Added spacing in the example to make it more readable. + +Edit 4 (2/5/2016): Added list of omissions +I'm 19 and so NOT an investor but with all the hype around cryptos, I did some light research and ethereum got me excited. Invested before Christmas, everything plummeted, but just saw that I'm IN THE GREEN and have made $3.45!!!! Pocket change I know, but as a total newbie it feels awesome to see I've made money thru investing. +Edit: to everyone offering advice: thank you so much! As I said I'm very much an amateur but am seeking to learn as much as possible. Your advice is very welcome. +The US Government has a lot to gain from the MOASS happening, and so much more to lose from preventing the MOASS from not happening. And it's not just 37% capital gains taxes either. + +[As other DD has proven, Citadel has far too much power within the stock market.](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/) And with their recent actions and numerous violations without solid consequences, it is in the government's best interest to stop them. + +We also know from the actions of the financial regulators that they have been pumping out new rules like there's no tomorrow which protects themselves and ensures that no matter who falls they'll be covered and the destruction of any hedge funds won't have too significant of an effect on the markets. + +But most importantly, the more the MOASS is delayed, the more the general public becomes aware of all the corruption within the US Financial Markets, and the less control they have over the people and the narrative. + +With so many topics related to financial regulators, GME, MSM mistakes, and SHF's trending on Twitter every week, and with how much attention r/superstonk is now garnering (and of course with so many GME investors refusing to sell), they've practically already lost their ability to control the narrative despite all their money, fame, and power. + +**With all these things in mind, the government needs SHF's to fall as scapegoats for the mess they got themselves in, and for those who went long on GME to be rewarded with their inevitable tendies (and of course the capital gains taxes for the government). It is the only way to minimize the fallout of ANOTHER impending market crash; especially one that's coming just as society is just starting to recover from the pandemic.** + +I still know that there are going to be protests and angry mobs; even towards the HODLers of GME who were able to make unimaginable wealth off "manipulating the system" (even though they've done nothing wrong and did anything but manipulate the system). + +But hopefully with time, and with the newfound power of GME holders, the general public will be able to solve the actual manipulation that has been going on for too long. + +# TL:DR; The US Government desperately needs to get rid of Wall Street funds that have gotten too powerful, scapegoats to shift blame off them for the next crash, and for them not to lose control of the general public once the crash happens. The MOASS is their best chance for all these things to happen, and they more than likely know this as well and are doing what they can to make it happen. +Lease is up in august. Been there for three years. Paid on time for the most part even through covid. But overall I think I’m ready to sell. Not sure how to approach them about it. We have a Luke warm relationship because of communication issues. Example 1, agreed to have one dog but now has two, ended up charging more. Felt like they were trying to pull one over on me. Example 2, Late on some payments because they overextended their budget and had the nerve to actually tell me without having the insight that they were doing so. (Brought a brand new bmw that needed repairs and late w rent). Charged late fees and they paid though. I make decent ROI but I’m just worried they may potentially retaliate by not paying because they might not want to move. +Open r/superstonk . Sort by rising. + +&#x200B; + +Every. Post. Has. A. **Snek**. Award. Most of them have *only* the snek award. WTF? + +&#x200B; + +We've been playing the "who's snek guy" game for some time now: ppl making posts asking that every comment get snek'ed. And then, lo and behold, every. f\*cking. comment. gets. snek'ed. + +&#x200B; + +I'm getting really curious now: snek guy, who are you? Show thyself! And more importantly: why THE FUCK do you award every superstonk post? Do you just like sneks so much? Do you have too much coins to spend? Aaaaaah I don't think I'll be able to sleep tonight if we don't resolve who's behind this and WHY! + +EDIT: well, why am I surpised about getting 20+ snek awards on this one. You mean, mean people! Do you enjoy messing with your fellow ape like that? 😭 + +EDIT 2: seriously?! Woke up this morning in Europe to a couple of hundred notifications on this post. Seems like we’re all desperate to find the snek! The comments have also turned into one big snekfest - nice. +But we’re not much closer to solving the question: who is the (original) snek guy or gal? The mystery just seems to get bigger and bigger. + +In any case, thanks for the awards and comments. Even for the snek awards, although obviously that’s just you guys messing 😁🐍🐍🐍 +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +It is up massively since March and has been at its moving average for a few months now. Why do people expect more? Unless you bought at the peak you're up or have at least broken even. +Have a 2.6 million dollar net worth. All of it is in stocks other than about $160,000 in cash. + +I would like to diversify about 16% of the 2.6 million into real estate. + +The problem is I have no ties to anywhere. So what do I do about buying real estate? How are people choosing where to buy? are 99% of you just choosing where to buy based on where your work is and where your family is? What if you have no home base for work and you have very few friends/family? +I saw a post here yesterday about a rebate retraction and remembered that I'd received a similar letter from Navient a few months ago, so I decided to look into it. + +The language was slightly different for mine, rather than a rebate I had been offered a 1.5% reduction to my principal for making 12 monthly payments on time, but the gist was very similar. + +Now, when I'd initially received the letter, I assumed it was correct. There was a period of 3-4 months several years ago where I'd allowed my loans to become delinquent due to a serious financial problem and a shame/reluctance to call my creditors and explain or ask about my options. That was a huge mistake, but it isn't the point of this post. + +After reading about several people receiving these notices in error, I decided to check into things a little more. For starters, I thought, my initial few years of loan repayment had always been exemplary. My payments had been on time and in full, and surely I'd managed that for at least a year before my financial troubles started. + +I didn't have ready access to all of the documentation I'd need, so I thought I might save a few steps by calling Navient first. It seemed to me that if the retraction of benefits was correct, they would have dates and everything that would allow me to narrow down my search. + +Getting in touch with someone at Navient wasn't easy. I quickly discovered that mentioning the letter (various forms of the phrase "retraction of benefits" had me immediately shunted to a dead end phone menu) wasn't the smartest course of action. Then I tried playing dumb and, after several warnings that hold time currently exceeded 30 minutes, was connected to an operator. (Pretty damn annoying to be honest, wait time was less than five seconds after at least three messages warned me and tried to get me to hang up and call back. ) + +Anyway, I eventually connected to an operator and said "I don't understand this letter your company sent me back in August. Can you help me understand what's happening?" I was being cautious because that letter seemed to be a hot button issue with Navient that instantly shut down people's helpfulness. Phrasing it this way allowed me to get her talking, though her tone left much to be desired. Without being terribly helpful, she managed to inform me that A) Not paying your bills on time has consequences, and B) I should understand exactly why I'd received the letter. + +This is where I dropped the big unanswered question on her. "This loan has been handled by 3 different companies over the last 11 years. Why am I just being notified about a loss of benefits now?" + +That stumped her pretty quickly and her attitude definitely softened. She placed me on a brief hold before returning to inform me that her records showed several missed payments *to Navient* between 2005 and 2006. Her best guess was that I'd simply fallen through the cracks up to this point. + +That raised several red flags for me. A) Navient was founded in 2014. They weren't around when my loan was initiated. B)The initial loan disbursement was on 09/22/2005 and I remained enrolled until February of 2007. Therefore, I wasn't due on any payments until well after the dates she'd quoted to me. C) As I mentioned above, I have been transferred through 3 different companies over the years. My loan was originally handled by Direct Loans, so how had I missed payments *to Navient*? + +I asked all of these questions in pretty quick succession, pretty much as fast as they occurred to me to be honest, and was placed on a much longer hold so she could consult with a supervisor. + +While she had me waiting, I reviewed the statements I'd received from Navient in July and September of 2016. Since the retraction of benefits arrived in August, this seemed to be the best way of determining how big their error was. The answer is much bigger than I ever would have dreamed before reading the other posts here on /r/personalfinance + +In short, not only had Navient mistakenly withdrawn the 1.5% reduction to my principal on the loan in question, they'd withdrawn it across all of my student loans. Worse, they had retroactively applied interest going all the way back to 2005. This is a HUGE amount of error and the substantial amount of money it's going to save me is why I'm pointing this out to anyone who deals with Navient. + +First of all, I have a mix of subsidized and unsubsidized loans. If I understand the system correctly (and it's entirely possible that I don't) the subsidized loans shouldn't have started accruing interest until mid-2007 or so. Worse, one of the loans I'm paying back wasn't even started until 2011. They applied interest for more than 5 years before the loan even existed. + +All told, I saved $1,100 to my current principal and at least that much again in future interest charges on two loans that should have been unaffected. + +I had to dig through my credit report and some scanned documents I keep online to find enough proof to convince the lady at Navient, but they've now admitted "a strong likelihood of error" and forwarded my issue on to an accounting department who can determine just how badly the mistake has screwed up my accounts. + +I've got a friend who used to work as a forensic accountant, so I think I may just pay him to sort out what I actually owe and see how closely our numbers match when all is said and done. The only downside so far is that Navient claims they won't be able to process a final resolution until mid-March. + +**TL;DR: Initially disregarded a retraction of benefits from Navient, then I saw a post here on pf about people receiving them in error. Checked into mine and found enough mistakes to reduce my loan balance by 30-40%** +I joined in January when they were very competitive. Just got notified they will increase *43%*. I pay about $60-70 a fortnight which will go up to $90-100. + +Is it worth shopping around at this point or are other providers doing the same? + +Here’s their spiel: + +“Demand for coal, gas and oil has increased across the globe as the COVID recovery continues, while Australia's own energy market has been suffering reliability issues. Together with the conflict in Ukraine as well as the impacts of inflation, this has created the perfect storm for a higher wholesale energy environment that is ultimately out of our control.” +Hi, I am Italian and I'm 30, +I started saving a couple of years ago around 300 euros per month in a Degiro account without any idea of what is investing or retirement, just following my dad instructions, so I ended buying and holding Italian stocks that are historically know yo be "safe investiments" in Italy (ENI, PosteItaliane, Snam Rete Gas and some others). +Now I studied a bit more and I want to switch to an ETF strategy selling all my stocks and buying ETFs. + +Now my question is: stuck with Degiro or switch to Trading212? + +If I have to stuck with Degiro my strategy will be to put everything on VWRL and buy monthly shares. + +If I switch to trading212 my strategy will be to use the new autoinvest function on three weighted ETFs (EMIM 20%; WSML 5%; IWDA 75%). + +I know that the main problem with Trading212 is Brexit, and I know that the new German Bank Account on Degiro gives an higher protection from frauds (300k vs 100k if I am not wrong) but trading212 automation (I can also automate monthly transfers from my bank account to trading212) and the possibility to buy fraction of shares to maintain the allocation of the portfolio puts me in the middle with this choice. + +So is worth to embrace automation and fraction stocks facing the risks of the brexit? + +Sorry for my really bad english and thanks to all the people in this subreddit for what I learned until now. + +Cheers +Hi guys + +I guess this should not come as a surprise for anyone but the interest rate have been going up this should indicate that sooner or later banks around Europe should start better yield on your saving accounts. + +Recently I noticed that one of the apps I used for investing started paying a pretty nice interest rate on uninvested USD (3.5%), GBP (2.75%) and EUR (1.5%). This is great but I wanted to diversify some of my uninvested money on other app/bank. + +Do you guys know something that pays good interest and it is widely available for people around Europe? +Hey r/eupersonalfinance + +I already posted this in r/personalfinance but maybe this is more fitting. + +my grandfather made some interesting investment choices. One of them was buying roughly 120.000USD in cash when the Euro became our currency, thinking that the USD would go up in value. + +He now has given me and his other grandkids the money and I would like to invest it smartly. + +The problem is, that I have now roughly 35.000USD in cash sitting next to me on the table and I don't now what to do with it. Obviously just having it sit there and lose more money isn't what I want to do. + +I already invest in ETF's (50% MCI WORLD, 35% MCI EMERGING MARKETS, 15% GLOBAL REAL ESTATE) with my current income. Should I just put more money into it? + +I have no debt, a stable income and no kids. What would your advice be on how to invest the money in the smartest way possible? I am also happy to not touch it for the next 10years or so. I don't need it right now. + +Thank you in advance! +Pretty much the title, I am currently looking into the possibility of buying a flat for investment purposes, either in Berlin or Porto (have connection with the cities) and after looking into hundreds of apartments, checking locations, price per square meter, renting income possibility, etc I still feel quite confused and ignorant on the topic. + +Any of you has gone through this process that could give me some details and tips around the topic? + +Thank you! +Hello! +I am currently a resident in Ireland and have around 25k saved of which I would like to invest 10k in stocks, but I’m struggling to find a reliable online stockbroker. +I am thinking of buying Apple stock before they split it on the 24th of August. +I am very financially illiterate, I kept this sum on my bank card for 2 years now, I know that is silly, I just don’t know in which direction to move, as I don’t want to lose my money. +I want to keep the rest of the money for emergencies. +I also have a mortgage which I want to pay off as soon as possible so all new funds I am earning will go towards that. +Any advice for me? Please go easy on me :) +I appreciate all the advice! +Proud owner of 2,164 shares of PLTR at cost basis $26.45. Long term bullish on this stock. Today I sold 21 covered calls with a $38 strike expiring this Friday. Figured that was super safe for ~$130 in premium. Hell if I sold my shares at $38 that’d be a pretty sweet profit. + +Honestly I want to hold this stock for a long time. Think it’s going to $100. How would you maximize your profits yet also minimize your risk of your shares being called away when selling cc’s? What would you do in my situation? +I'd like to take a break from talking about the wheel or the merits of specific positions or underlyings. + +Let's assume you're picking good trades on good companies, etc, and talk about what comes next. Do you look at your portfolio as a whole, and if so what are you looking for? + +Any delta targets (neutral, less than X, etc)? Any total theta you like to see? How do you spread out positions in time (DTE) or underlying? What rules of thumb do you use for max risk at any time, in total or on a certain position? What % of capital do you have employed? + +Or nothing? As in if you see a trade you take it and don't worry about how it fits in. +Hi, + +I recently joined this community, and i just started learning about all the stocks stuff, and i am really undecided if i should buy or not, because it seems pretty risky but i also don’t wanna miss this opportunity. + +Is there any youtube video which explains the squish or however u call that? + +how are the chances of losing or gettin rich +Just trying to figure out how the market was able to rebound so quickly when we still have the same issues happening and nothing has really changed + +How the hell does SPY go from $414 to $450 in literally a week? +I got a letter this morning from the IRS saying that in my 2020 tax return i underreported my capital gains by $53,345. They say i reported my 1099 proceeds as $1335201 instead of $1387580. I looked up my robinhood 1099 for 2020 and i had proceeds of 1335201 and a cost basis of 1309697 for a net gain of 26084. I reported this in my tax return (i used turbo tax, the 1099 entry was automated) and paid ~$9k in capital gains tax. + +Does anyone have advice? I’m desperate! I’m doing ok financially, but $15k is an enormous sum of money. That’s rent for a year! That’s almost half of my student loan debt, that’s a new car, etc… + + +I don’t know why the IRS thinks i made another $53k profit in stocks in 2020. I’m trying to talk to the IRS but been on hold for a while… + + +Edit: i think i found the error. I think i did not enter my robinhood crypto 1099. In this 1099 i had proceeds of $53k and costs of $50.4k for a net gain of 1,933.29. I think they increased my taxable capital gains by $53k but did not increase my costs by $50.4k? My taxable income should have only increased $1,933.29 right? + +Edit 2: I don’t have a million dollars. That million dollar sum is the aggregate of all my stock sales for the year. I have a $40k account and just traded it a lot that year. +SPY has a 0.0945% expense ratio while the other four listed all have 0.03% expense ratios and similar dividend yields? + +You clearly lose 0.05% compared to these other ETFs and over 30 years that could translate to 1.5-2% reduction in your portfolio. + +Is it because that 2% is pretty insignificant? On $1M that would be about $20K + +Edit: So the answers I’m getting are volume related. However, others have pointed out that volume would only be more beneficial if I was trading options due to factors like liquidity and smaller spreads. I’m not holding options against my SPY holdings so I wouldn’t really benefit too much from that side. My strategy is more buy and hold for 30 years on this so the advice seems to favor a lower expense ratio ETF in that case. +I’m looking to share a project with yourselves that I’ve been a part of since day 1. For a bit of background here, SHEESH has been started as a joke’ by a social media influencer Aaron Doh. As it quickly gained significantly more traction than expected, Aaron decided to turn it into a serious project assembling a team of +20 to work on every possible area ranging from Admins/Mods, Dev, Design, Strategy & Promotion. + +**Dev:** *Aaron Doh* **- Followers:** TikTok **5.7M**, YouTube **400k**, Twitter **300k**, Instagram **500k** + +[https://www.tiktok.com/@aarondoh](https://www.tiktok.com/@aarondoh) + +Before I go on to expand on why this genuinely is the next big thing, as well as the potential risks & downsides I will obviously advise everyone to DYOR - feel free to join the Telegram (1.5k) to ask questions about the project as we have an extremely welcoming community - [https://t.me/sheeshtokenchat](https://t.me/sheeshtokenchat) + +The dev is a big influencer, with his entire senior team being publicly doxxed on the SHEESH whitepaper: [https://sheeshtoken.com/whitepaper.pdf](https://sheeshtoken.com/whitepaper.pdf) \- I think it’s pretty clear the odds of him risking his whole public career which he spent 6 years building to scam a few random people on the internet, or even pump & dump his fans is simply not there. The project has genuine long-term potential which Aaron is intending to use his social media reach to promote with the first official influencer having been onboarded: + +*Spice King* \- **Followers:** TikTok **12M**, YouTube **230k**, Instagram **113k** + +[https://www.tiktok.com/@spicekingcam](https://www.tiktok.com/@spicekingcam) + +[https://direct.me/spicekingcam](https://direct.me/spicekingcam) + +This brings us onto both further marketing plans as well as roadmap for the project. SHEESH Token will be used for: + +1. It will be a link between the gaming world – both competitive/entertainment and crypto. This will include competitions and tournaments, with the first Rocket League tournament last Friday having been a huge success +2. It will be used as an influencer community engagement token – think giveaways, merchandise sales, fan engagement, NFTs, etc + +Due to SHEESH being strongly intertwined with the world of influencers the medium-term marketing strategy is mainly driven through social media partnerships. Aaron is currently in talks with multiple influencers, both content creators as well as influencers specifically in the crypto space. + +Aside from marketing what is currently being worked on is redesign of the website & branding. The team has recently deployed a number of graphic designers to ensure everything looks & runs more slick than it does already. CoinMarketCap & CoinGecko have both been submitted with CMC requiring some minor changes while CG is expected to be finalized anytime soon! + +I’m not going to blindly shill you this project, considering I clearly have money in it and it’s in my best interest for you to join in. Here are potential ‘risks’ or what would have to happen for this to not be a success: + +1. If the ‘Real Use Case’ will not be successfully implemented, hence ‘non-trading’ related traffic will not use the token and it can only grow off hype (ie. Like Safemoon or Doge). +2. Aaron & the team not being able to generate enough hype/marketing through their network of influencers and partnership deals. + +Assessing the likelihood of either of those failing is on you as the investor, so again I urge you to DYOR before throwing in any money. Also please don’t invest anything you don’t afford to lose. + +….now onto the fun stuff. + +**HOW TO BUY:** + +Never follow any Pancake links of random Redditors! + +Go on the website [https://sheeshtoken.com/](https://sheeshtoken.com/) and follow their official links there! There is also a quick guide on how to buy. + +**LINKS:** + +Ø **Contract:** [https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c](https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c) + +Ø **Telegram:** [https://t.me/sheeshtokenchat](https://t.me/sheeshtokenchat) + +Ø **Discord:** [https://discord.gg/Ssq8MdwQ2w](https://discord.gg/Ssq8MdwQ2w) + +Ø **Token Twitter:** [https://twitter.com/SheeshToken](https://twitter.com/SheeshToken) + +Ø **Token Website:** [https://www.sheeshtoken.com/](https://www.sheeshtoken.com/) + +Ø **Roadmap:** [https://i.imgur.com/Rm0bTIs.png](https://i.imgur.com/Rm0bTIs.png) + +Ø **White paper:** [https://sheeshtoken.com/sheesh.pdf](https://sheeshtoken.com/sheesh.pdf) + +Ø **Bogged chart:** [https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C](https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C) + +Ø **Liquidity locked:** [https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958](https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958) + +Ø **Subreddit:** [r/SheeshToken](https://www.reddit.com/r/SheeshToken/)/ + +Ø **Twitch:** [https://www.twitch.tv/sheeshtoken?sr=a](https://www.twitch.tv/sheeshtoken?sr=a) + +I feel super confident about this project and I hope you like it too. What convinced me to buy was low market cap and that he has loads of followers on Twitter, TikTok and YouTube. Talks are on going with a number of crypto influencers to come on board soon, and then the sky is the limit. Don't miss out, this is the best opportunity to get into a massive project early. +I’m in the US. I’m familiar with the basics of a short squeeze. What’s the plan from here? My only investments have been 401k so trying to decide if I should jump on this boat or if it’s too late. When is MOASS expected to happen (roughly speaking)? What happens if the hedge funds can’t afford to buy back the shares? + +EDIT: misunderstood some other posts I read and the comments here have been super helpful. Edited the questions in my post to avoid potential misinformation on my part. +Asset management companies (AMCs) raised fees for those who invested in direct mutual fund plans as they sought to offset revenue losses for having had to reduce charges in regular mutual fund plans that were sold through distributors, circumventing the spirit of rules introduced by the markets regulator to reduce the cost of investing. + +The Securities Exchange Board of India (Sebi) has now intervened to prevent the overcharging, after a study found that AMCs had raised the cost of investing in direct plans. In a 22 October circular, it directed AMCs to ensure fees charged for direct mutual fund plans under various heads do not exceed those charged for regular plans. + +... + +Link: [https://www.livemint.com/Money/7V2t8b5nO8ZcZy8RZQDBYI/Direct-investment-in-mutual-funds-is-not-as-cheap-as-you-thi.html](https://www.livemint.com/Money/7V2t8b5nO8ZcZy8RZQDBYI/Direct-investment-in-mutual-funds-is-not-as-cheap-as-you-thi.html) +I have a few issues about daily discussion threads. I'll state those issues, the decision is up to you. + +&#x200B; + +1. They have huge effect on distributions: Daily threads receive tens of thousands comments in a single day and approximately 750.000 comments in a month. According to my calculations (\*not certain) they receive between 1/3 - 1/2 moons of the total distribution. **Numbers are based on my calculation. They can be wrong or right and they'll be change based on the activity.** +2. Issue: Upvote parties. Upvote parties occur so often in the daily threads. Moderators do their best but it's almost impossible to moderate a thread that receives 25-35k comments in a day. Most of those upvote parties remain unreported, even if they get reported the report result comes a little bit late due to volume of the sub, so even if they comment gets removed, their upvotes still stay with them. +3. Spam problem: This thread gets so much spam (shitcoin shills - ads - karma farming etc.). Again, most of those spams remain unreported and again, mods doing their best but it's almost impossible to moderate a thread that receives 25-35k comments in a single day. For reference, if the daily was its own subreddit, it would be in the top 5 subreddits for comments per day. +4. Off-topic posting: Off-topic posting is against the daily thread rules but still people keep commenting off-topic. This is also impossible to moderate due to high volume of comments. +5. Moon farmers: There are a lot of them. Some of them posts hundreds of comments in a day and some of them receive hundreds of karma in a single day from daily threads. This is a big problem. **Moon farmers especially choose daily discussion threads because the comment karma gets 2x (double) karma**. You can see them everyday in those threads with their hundreds of comments. Every. Single. Day. + +My solution: **Reduce the karma by 50% for the daily threads.** This will reduce the incentives for moon farmers and the volume of comments, so moderators can moderate more effective. This also will help balance the moons ratio. Thanks. + +<Posted on behalf of the original author per their request> + +[View Poll](https://www.reddit.com/poll/oylpp9) +37/M, NW 3.6M. Goal of FatFI by early 40s. Throwaway account, for obvious reasons. + +**Background**: I've been working at a FAANG for roughly a decade, currently at L7/E7 level. The path to L8/E8 seems difficult on my current team--there aren't many projects left that could move the needle enough to justify that promo. The work is tolerable--I like my team and have a good work-life balance. It's also incredibly boring and meaningless--the amount of bureaucracy keeps growing and opportunities to move the needle keep shrinking. I'm still getting good performance reviews, but I haven't felt I've done anything impactful in about a year. I feel zero motivation on Monday mornings because the link between effort and tangible accomplishments has become so delayed and attenuated. + +**Paths Forward:** + +I'd like the FatFIRE community's perspective on the following options, including how much compensation upside there is relative to a typical L7/E7 FAANG salary. I care about extra compensation mainly to accelerate my FatFI timeline. + +1. **Rest and Vest:** Stay in my current role. Enjoy the stability and work-life balance. Focus on relationships and hobbies outside work. Accept that FatFI timeline might be faster via some other paths and accept boredom as the price of stability and good work-life balance. +2. **Switch teams within current company:** This might lead to more interesting work and more chance for promo. It might also lead to more stress and worse work-life balance for no immediate compensation boost. +3. **Interview at Other FAANGs** and try to negotiate a compensation bump and/or get onto a faster growing team with more upside. The advantage over (2) is that it *might* be easier to negotiate an immediate compensation bump and/or there *might* be less bureaucracy at other FAANGs. +4. **Interview at non-FAANGs**: Consider options like startups, finance. The potential upside is higher compensation, especially in the upper tail of the distribution. The obvious downside is worse work-life balance. +5. **FIRE sooner rather than later**, accepting a chubby FIRE rather than a truly fat FIRE. The problem here is that my earning potential will decrease rapidly, so this is a mostly-irreversible decision if I come to regret it. +If I have a few requests from my well-to-do friends and relatives to help them trade forex as another source of income, how do I set up such a system where it's legally transparent and agreeable for both parties? + +These people have known me for many years and acknowledge my passion, technical skill, and background in trading equities and forex over the past 8 years. They have repeatedly asked me to trade for them over the years but I'd been holding off because I want to convince myself that my results are now consistently positive enough. + +Assume that: + +\- I can prove my consistent profits on paper (i.e. displaying my broker's live account records). + +\- I personally know these people and they believe they can trust me with some of their disposable money. But I also want to make sure they realise that there will be drawdowns at times or no profit at all. + +\- I don't want to trade for strangers on the Internet. + +\- They have no interest/time to learn how to trade forex so it's attractive to have another trusted person to do so. + +&#x200B; + +I'm thinking of not charging them anything until they see consistent profits after XX months/weeks. + +Do I mix their funds in my own broker account or using a totally separate one? I use only Daily TF and obviously hold for weeks/months sometimes. I average much lower than 10% per annum but have reached close to 13% in some months. + +I'm nowhere close to actually going with such plans. I'm not sure whether it's a good or bad idea but I think it's worth thinking about. Google results usually link to forex prop firms. So I do appreciate some perspective. + +Thanks all. + +Merry Christmas. + +&#x200B; + +EDIT: I've thought about applying to a forex prop firm but I'm still leery of those. Plus, their requirement that you can't hold your positions over the weekend just turns me off. + +EDIT2: Thanks for all the replies! Lots to think about... +I see the warnings all the time, 80% or so of traders lose money with this broker. What are the generally agreed, main reasons for this? It seems important to understand and work on this, just as it is of course important to have good risk management and all those other things you need to be a good trader. +Hello Reddit, + +So I’ve tried to forex for a few years now and lost thousands of dollars in the process. + +Is that what success is all about, not giving up until you reach it? + +If not, when do you decide to move on and let go of that distant dream? + +What do I do? +This house was purchased in partnership with an out of state investor. (Please do not ask to partner with us, we are not accepting new partners at this time). We found the house on the MLS listed for $32K, but it had been on the market almost a full year. It is a 2 bedroom, 1 bathroom. When we inspected the house, we found what had been scaring people off. The floors, mainly in the kitchen area, were extremely uneven. We were unsure of the cause. The house was sitting square on the foundation and the sill plate looked good. After getting permission from the seller, we accessed the locked crawl space to see what was wrong. Luckily the floor joist were all in good shape and the house showed only minor signs of settling. The sub floor was completely rotten though. + +After talking with our investor, we decided to make an offer of $18K. This would give us a budget of roughly $7.5K to replace and level the subfloor, remove all carpet and add vinyl plank everywhere, paint everything, refinish the counter top and cabinets, repair and upgrade the electrical (only a minor upgrade), replace fixtures, repair drywall, repair windows, add window units for AC, and probably a few other things. We had originally discussed turning the dining room into a 3rd bedroom, but after we got in and did the measurements, we realized we just couldn't make it work like we had wanted because of an old chimney in the path of where we needed to put the hallway, so we are abandoning that project. We expect an ARV of between $55K - $65K, and rent between $600 and $650. Pictures [https://imgur.com/a/47NjmeI](https://imgur.com/a/47NjmeI) + +Feel free to ask any questions. +Newbie here. My partner and I have decided we want to start residential real estate rental business, buying properties and renting out to tenants. We have our LLC created and some properties selected, and now need a loan. Looking for advice on where to start + +1. Where to go? National bank (pnc, BoA) or local credit union? Any advantage of one over other? + +2. What documentation will they require for the loan application? Business plan? + +3. What interest rate should we expect? (We both have great credit) + +Thanks! +... and I have nowhere else to share this and I just need somewhere to put it into the world. +I’ve been on disability since 2015 after two back-to-back psychiatric hospitalizations in 2012/13. Leading up to that I was working 72 hours a week as an STNA in the home health field. I worked every single solitary day for over two years. Although I’ve struggled a lifetime with mental illness, this was the first time I was on my own and free from my abusive parents. I was advised by my at-the-time psychiatrist to no longer work due to a diagnoses of catatonic schizophrenia (now deemed two separate illnesses). It was a very hard thing for me to accept. As a child, my parents involved me with what was happening with finances. They frequently used scare tactics of losing the house vs. food, filing for bankruptcy, and honestly too much for a child to carry. My dad always drove into me with intense frequency that you should ‘work hard while your young so you can retire early.” Sprinkled throughout is, imo expectedly, more heartbreak, trauma, and emotional scarring that over 13 years of therapy simply hasn’t fixed yet. All of that had a huge blow to the opportunities set ahead of me and it was seemingly for the purpose of destroying me. I was given only the advice of, “credit card BAAAADD. saving is GOOD” and that’s where it ended. Although it is not entirely bad or wrong advice, I’ve learned that it’s just not like that. I never applied for a credit card, believing that I would be doomed for eternity to financial suffering and I would be denied because of my disability. And it’s all just a bunch of bs to keep me small. I know. What assholes???!! + +Well I’m happy to say that my parents didn’t break me and they didn’t stop me. I now have had a credit card for 4 months, a paid off student loan for a year, a credit score at about 680 and finally... the cherry... however small.. is the $500 in my long-term savings. Although paying off a student loan is huge, a good score is... well, GOOD.. I honestly have felt that that long term was stuck. Everything saved was kept short term and depleted time and time again. Even being on the wimpy “survival” income I have from SSDI I was able to do all of this. I just wanted to share that with you all. I want to only be a quick reminder that you can do it. We can all do it. Even on limited income. We will not be broken and we will not remain broke. +Thanks guys + +TL;DR Abusive parents. I’m on SSDI and managed to pay off student loan, saved $500 in long-term savings account not to be touched. Kinda a big deal to me. I just want to say yay me. You can do it! Thx +[https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/](https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/) + +&#x200B; + +This article has a lot of implications for options and not just 'meme' stocks. Basically, this is saying all options are potentially manipulated. It has sent a chill down my spine about options in general. I've made some good money in options but also lost a lot too and more recently. + +How many times have I seen a stock trending upward and suddenly reverse course only to end up finishing the week right on top of max pain. + +How many times must I see OBV barely move and yet a stock is tanking. + +I will watch level 2 and see the bid filled with way more orders than the ask and yet the stock is tanking. + +I feel like I'm staring into the void trying to decide if this whole thing is worth it anymore. + +Edit: [video of NYSE President making this statement.](https://reddit.com/r/Superstonk/comments/o25oi1/nyse_president_admitted_dark_pool_exchanges_are/) + +Edit 2: [Talking heads on CNBC admitting dark pools affect price discovery](https://reddit.com/r/Superstonk/comments/o2bi28/to_me_this_was_the_best_part_of_the_whole_melissa/) +http://imgur.com/a/FT7le + +I like reading the personal accounts so I thought I'd post mine. + +**2014** + +* June - graduated college with a net worth of $0 (was lucky to not have student loans) + +* August - started working at a job with a $60K salary and $12K sign-on bonus in a LCOL city. Rent was $675 with a roommate. + +* September - bought a new sub-compact car for $17K, which I believe is one of the cheapest new cars to own over 5+ years. I'm hoping that this purchase comes out to costing around or less than $5K/year average. I'm not very knowledgeable about cars so buying a new car seemed like a better option for me than an older car that might require more maintenance. + + +**2015** + +* April - received a $7.5K bonus bringing total year's compensation to about $80K. Also received a raise to $67K. +I hit about $25K net worth around here. + +* July - moved to a HCOL area with income of $75K not including bonus. This was a move my job insisted on, and I was a little uncomfortable with it because $75K in a HCOL area is quite a bit less than $67K in a LCOL area. I justified the move because of the increase in career opportunities ultimately. Rent jumped to $1375. + +**2016** + +* January - I was very unhappy with the team I was on and started feeling depressed because of work as well as compensation. I also had few friends in my new city. I felt I had made a bad career decision and considered looking for a new job. + +* April - My bonus this year was about $10K, bringing total compensation to about $85K. I also received a $2K raise to $77K. I was still unhappy and started looking for a new job. + +* July - I changed teams at work, which was a huge relief because I was so unhappy on my previous team. I still wanted to make more and so I kept looking for new jobs. + +* August - hit my Mint goal of $65K in cash. + +**2017** + +* January - I got offered a new job and brought the offer to my boss, who matched the salary of $95K. I know this isn't recommended, but it was the absolute right decision for me. Can talk more about this if any of you are interested. + +* April - Received an $18K cash bonus + $10K deferred cash (I get it over 2 years), bringing total compensation to $113/$123K depending on how you look at it. I expect my compensation to go up from here pretty rapidly because I've hit a point in my company where they will give equity. + +* May - turned in a large expense report, bringing my official net worth to $100K. Note that this does count my car, which I value at $10K. + +**My thoughts** + +* While I feel proud of saving this much, I think it wasn't that hard to do at my income level. There's definite evidence of lifestyle creep here. I saved about $33K each year, even though my income has gone up. Part of this is the move to a higher COL, but I know I could have saved more here. I don't currently have a roommate, for example, and it's not impossible to think I could have learned more about cars to feel comfortable buying a used car. + +* At the same time, I was fairly depressed in 2015/2016, and I am proud of pulling through. Part of the increase in spending is due to making more friends, which I am proud of doing. As some background, I suffered from extremely severe depression in college, so it's important for me to recognize when finances need to take a backseat to basic happiness. I spend money when it makes my life easier or happier, and I am proud of doing that. What I want to eliminate is spending that doesn't bring me happiness proportionate to the $ amount. + +* I'm very lucky to have started adult life off with no debt. I went to a top college that was very expensive, and I haven't recouped that cost yet (I'm not actually paying my parents back, but I like to think of it that way sometimes). While I wouldn't have been able to get my job without going there, I think there are similar career tracks where I could be making an equivalent amount. When I have kids, I hope to retire in a state that has excellent public colleges (I grew up in a state with very poor public colleges) if we still have the absurd setup that exists now. +I live in California so the numbers just don’t make sense. Personally I want to buy somewhere that can cash flow because I don’t believe appreciation can continue at the rate it has in the past. + +Now this leaves me to pick a random city in the Midwest and narrow in on a market. Let’s just say I pick Cleveland. The numbers look great — I can cash flow well assuming the place has 10% vacancy. + +Now here’s my concern — it just seems weird to me that people will rent these sh*tty places in the “middle of nowhere”. I think it comes from me always living in big cities, but it just seems that it’s possible my place will sit on the market forever. I can’t imagine the type of renters that will rent these places. Who wants to live in Cleveland? + +I’m worried that my property can just sit there without being renter for 6+ months. Is this a legitimate concern? I think I’m scared cause I don’t understand how smaller city life is lived. + +As you can tell, I have not bought my first property yet. +I have $10mm in brokerage and retirement accounts that my kids don’t need due to being very successful themselves. I’m thinking of putting this money in a fund that makes it not-touchable for ~70 years at which point it should be around $1 billion (assuming yearly 7% return) and then having whoever manages it start a charitable organization with it. This sounds almost too good to be true. Do people here think the 7% annual return rule will hold for that long, this seems like a hack almost. My money can really grow into something that could change the world even though i won’t be around to see it. Is there a flaw in this logic? +Basically the title says it all. + +My university class is playing a stock trading game(US market only) and the top winner and loser gets a gift card. + +Being able to distinct real life financial gain and a game, it seems to me that it would be much easier to just be the biggest loser. Now I know I could just keep buying and selling and losing via commission fees but that's too much of a process since we start with 200k. + +What would be the quickest and easiest way to lose all my money in the stock market? +Hello Reddit + +I just created this account to ask some serious questions about cryptocurrencies, specifically ETH. + +I’ve been lurking on the BTC and ETH forums for a while and finally decided to pull the trigger and enter myself. + +I have $40.000 to play with and my main question is... how should I go about it? I’m a complete beginner, I don’t know how or where to turn in order to buy. Is it a good idea to drop the entire 40k at once? How does ETH work, if the day comes and I want to sell is it possible to sell the entire amount at once? (dw, I plan on hodling c(:) + +If you have any tips for a beginner, let me know! + +Edit: I just facepalmed so hard. I have been answering you guys throughout the day on my cellphone and my replies were registered. However when I get home all my comments have been deleted because I have too low karma/age on this account which makes sense since I created it today to post this. Didn't know about that rule tho. + +Anyway I am thankful for all your tips and insight about ETH. I really liked @2bad2care 's advice and will probably go that route which is to start off with 1k and get a feel of how crypto moves and learn everything first. I now need to choose a place to buy and a place to store. Alot of people are saying Coindesk, GDAX, Gemini. If I understand this right, I can both buy and store at these sites? +Have been wondering if it is prudent to invest in two falling knives : +1.Vodafone Idea-the stock has been beaten up badly. +But with most banks having significant exposure to Vodafone idea and the fdi image of the government on the line if Vodafone falls-the government will eventually step in.Most media reports over the last few days echo the same. +https://economictimes.indiatimes.com/markets/stocks/news/if-govt-lets-voda-idea-go-belly-up-top-banks-to-take-big-hit-fdi-image-hurt/articleshow/72069726.cms +https://www.livemint.com/industry/telecom/government-considering-telecoms-firms-request-for-relief-on-overdue-payments-11573824075080.html + +2.Lakshmi Vilas Bank-the cost of setting up 600 branches and 1000+ ATMs across the country,the lobbying needed to get a banking license,the holdings that it has.Adding to all this- rbi has never let any scheduled bank fall down in independent India.Seems ripe for a take over even with the NPA crisis and management issues. + +Any thoughts on buying these falling knives at their CMP? +Hello everyone, I’ll get straight to the point. I am looking for advice on the best place to put an initial investment of ~$4,000 which will be followed by a recurring weekly investment after that. The ETFs that have caught my eye the most are VOO, VTI, and SCHD. I am 23 years old so I have lots of time to invest and hold for the long term. The capital gains of VOO and VTI are great but the higher dividend yield that could allow me to buy ever more shares faster with SCHD is also very attractive. I’d greatly appreciate any insight or wisdom that any of you could give to me on this. Thanks in advance! +Hello everyone, I’ll get straight to the point. I am looking for advice on the best place to put an initial investment of ~$4,000 which will be followed by a recurring weekly investment after that. The ETFs that have caught my eye the most are VOO, VTI, and SCHD. I am 23 years old so I have lots of time to invest and hold for the long term. The capital gains of VOO and VTI are great but the higher dividend yield that could allow me to buy ever more shares faster with SCHD is also very attractive. I’d greatly appreciate any insight or wisdom that any of you could give to me on this. Thanks in advance! +Like all of us here, I own and love SCHD. Alot of ETFs pay a dividend but is it worth owning another Dividend ETF besides our savior SCHD? There are other good and popular ones like VIG, DGRO. But if you have SCHD is it worth investing in another or just continue to add to SCHD? Like to hear opinions. If you think owning another is worth it, which one? +I went to a mattress store and spoke with a salesman who offered me financing and to apply. He assured me it would not be a hard pull on my credit. + +The following days, I see a hard credit check on my credit report from the financing company they use. The next day, I see a completely unauthorized credit account opened for $10,000 in my credit report. + +I can document that the mattress store did both actions. + +I did NOT sign anything. I sat down with the sales rep. Gave him my personal info (ss,etc) verbally to ostensibly see if I could get approved, but did not sign anything. + +I live in Nevada. This is a major mattress retailer in my state. + +In terms of damages, I feel like this new $10K credit line will destroy future chances of getting more actual credit (?) Wouldn't this be devastating if say I were in escrow for a house waiting on mortgage underwriting approval (?) + +This credit was through Synchrony, who seem to finance alot of retail credit cards. If I dispute this credit line, I feel like I will never get credit through them again.. + +I called Synchrony who issued the credit line. They told me that once I handed over my driver's license and gave them my ss#, the retailer has the right to open a credit line. + +That doesn't sound right to me. I didn't sign anything nor did I verbally express that I wanted to move forward with opening an account. + +Just a warning for others. That's their corporate line. + +&#x200B; + +UPDATE: + +Sorry I think I miswrote the conversation between me and the rep that distorted the situation. We were not at some advanced stage of financing. I was literally in the store for 5 mins browsing. He specifically asked me do you want to see how much I qualify for. I said sure why not. For most people, I think finding out how much you qualify for, and actually opening up a credit line are two qualitatively different things. + +That may be the reason I'm getting downvoted on all of my replies. Otherwise, I don't understand why some on this subreddit are blaming me as the consumer for trying to make an informed decision. Authorizing a credit check to see if I qualify should not mean I see a new credit line on my account for $10k a few days later. + +There are ways to use credit responsibly. A high quality mattress can run $2-5K. They were offering no-interest payments for a few years to spread out the cost. If I have my money working in other places, I would use that free credit rather than spend cash now. + +&#x200B; +Hello. +What do you think about the forecast service? +https://epsilon.one + +**UPDATE:** + +*29.06 update posted on the website. The display in fiat currencies, BTC and ETH will be until the end of the day. Today we also plan to add an update information counter.* + +*02.07 add information counter, correction of the calculation algorithm* + +In the near future, the site may not work very quickly, it is connected with a heavy load on the server due to data recalculation. Within 24 hours we'll fix it. + +*U.S. 2-YEAR TREASURY YIELD CLIMBS TO 3.48%, HIGHEST SINCE NOV. 2007 + +Historically when fed raises rates risk assets (stocks) get sold off! + +https://twitter.com/Investingcom/status/1564112564883169280 + + +Scary times ahead, but I don't feel as bearish as many I am seeing are.... we may get close to our yearly bottom but I do think inflation for the next report won't be as bad as being priced in currently +Hello Great Apes of the world! 👋 The German market had a strong day yesterday, leading the US market into a day of discounts! Prepare your Diamantenhände as we await SR-NSCC-2021-002 to go into effect on Wednesday, and join apes around the world to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀 + +*** + + + +- 🟥 120 minutes in: **$202.12 / 170,25 €** +- 🟩 115 minutes in: $202.27 / 170,38 € +- ⬜ 110 minutes in: $202.09 / 170,23 € +- 🟩 105 minutes in: $202.09 / 170,23 € +- 🟥 100 minutes in: $202.06 / 170,20 € +- 🟥 95 minutes in: $202.42 / 170,50 € +- ⬜ 90 minutes in: $202.45 / 170,52 € +- 🟩 85 minutes in: $202.45 / 170,52 € +- 🟩 80 minutes in: $202.42 / 170,50 € +- 🟥 75 minutes in: $202.33 / 170,43 € +- ⬜ 70 minutes in: $202.78 / 170,80 € +- 🟩 65 minutes in: $202.78 / 170,80 € +- ⬜ 60 minutes in: $202.45 / 170,52 € +- 🟩 55 minutes in: $202.45 / 170,52 € +- 🟥 50 minutes in: $202.36 / 170,45 € +- 🟥 45 minutes in: $202.48 / 170,55 € +- ⬜ 40 minutes in: $202.57 / 170,62 € +- 🟥 35 minutes in: $202.57 / 170,62 € +- 🟩 30 minutes in: $202.66 / 170,70 € +- 🟥 25 minutes in: $202.21 / 170,32 € +- 🟥 20 minutes in: $202.24 / 170,35 € +- 🟥 15 minutes in: $203.61 / 171,50 € +- 🟥 10 minutes in: $203.87 / 171,73 € +- 🟩 5 minutes in: $204.02 / 171,85 € +- 🟩 0 minutes in: $203.73 / 171,60 € +- 🟥 US close price: $200.37 / 168,77 € *($199.99 / 168,45 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.18721136. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received any response or seen any activity from him in nearly a month. I continue to reach out to DerGurkenraspler, but at this point I have no idea if or when he intends to resume updates. I will continue to serve as guest-host of the series in the meantime, but dearly hope that DerGurkenraspler is well and is able to return to us soon. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! + + +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* +I am currently in college and the business school has Bloomberg terminals. I only have next semester left so I was wondering if it would be beneficial to build a code base around that for trading or maybe even just getting historical information? + +The reason I am leaning toward not doing it is because after next semester I will no longer have access which would greatly change the way I would trade. + +Would it be best to use the time I have now to continue creating trading methods that will help me in the long run after I graduate or is it possible to develop something around Bloomberg and see returns in just 6 months or so and hope the algorithm continues to work for a while after? +Hi - + + +First-time home buyer 715k ( property), 15% down 10k closing costs and my lender says we got a great rate at 3.25%. Then I spoke with a friend who says his lender is getting him between 2.75-2.9% . I mean I know things are different for everyone but my wife and my credit score together are in the 780's. When I search online it says the national average on google are around 3.226% APR. + + +Then when I go on Bankrate or sites like this: [https://www.forbes.com/advisor/mortgages/mortgage-rates-11-15-21/](https://www.forbes.com/advisor/mortgages/mortgage-rates-11-15-21/) + + +I see others are in the 2.7 range - am I missing something? My lender let me know that rates went up - but google says they went down .11 from last week. Am I just seeing a search bias? My lender works for one of the largest lenders in the US, and is a great guy, and anytime I reach out he lets me know it's not true, the bond market got hit hard, rates are going up and we got a great deal. Before we started escrow on 10/28th I had 2 other lenders that were offering 3.25 as well - So I felt good about it. Am I overreacting or am I missing something? I meant even if we got 2.9% that .25% does help over 30 years. +Guten Tag to all of you Great Apes across the world! 👋🦍 + +Another sideways day on ridiculously low volume! Our Diamantenhände didn't falter, but I'm sure the number 210 is going to be remembered until at least Friday. Reverse-repos set another new record - $991b! And last, but certainly not least, RC tweeting sparked a sudden and intense interest in bricklaying and masonry. Bullish! Let's see where the German markets take us on this first day of July! Join apes around the world to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🧱🚀 Buckle Up! 🚀🧱 +*** + + +- 🟩 120 minutes in: **$213.80 / 179,53 €** +- ⬜ 115 minutes in: $213.71 / 179,45 € +- 🟥 110 minutes in: $213.71 / 179,45 € +- 🟩 105 minutes in: $214.09 / 179,78 € +- ⬜ 100 minutes in: $213.94 / 179,65 € +- 🟥 95 minutes in: $213.94 / 179,65 € +- 🟥 90 minutes in: $214.03 / 179,72 € +- 🟩 85 minutes in: $214.30 / 179,95 € +- 🟩 80 minutes in: $213.94 / 179,65 € +- 🟩 75 minutes in: $212.52 / 178,45 € +- 🟥 70 minutes in: $207.93 / 174,60 € +- 🟥 65 minutes in: $212.22 / 178,20 € +- 🟥 60 minutes in: $214.66 / 180,25 € +- 🟩 55 minutes in: $214.72 / 180,30 € +- ⬜ 50 minutes in: $214.69 / 180,28 € +- ⬜ 45 minutes in: $214.69 / 180,28 € +- ⬜ 40 minutes in: $214.69 / 180,28 € +- 🟥 35 minutes in: $214.69 / 180,28 € +- ⬜ 30 minutes in: $214.96 / 180,50 € +- 🟥 25 minutes in: $214.96 / 180,50 € +- 🟥 20 minutes in: $215.37 / 180,85 € +- ⬜ 15 minutes in: $215.64 / 181,07 € +- ⬜ 10 minutes in: $215.64 / 181,07 € +- 🟥 5 minutes in: $215.64 / 181,07 € +- 🟩 0 minutes in: $215.70 / 181,12 € +- 🟩 US close price: $214.14 / 179,81 € *($214.15 / 179,82 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.19089584. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Today I continue testing of an alternate method of fetching data, using quote data from Yahoo Finance APIs to calculate an average of 7 German exchanges and volume. Those results will be posted in the comment section. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Last weekend, DerGurkenraspler appears to have deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Done deal ! + +https://www.businesswire.com/news/home/20201216005519/en/Aphria-and-Tilray-Combine-to-Create-Largest-Global-Cannabis-Company-With-Pro-Forma-Revenue-of-C874-Million-US685-Million +If you are a buyer, strongly consider going to your bank and having a cashier's check written payable to your Title Company with the Escrow #/property address clearly written on the check, when making your EMD and the rest of your down payment due near COE. Driving to your title company to make that deposit is the surest way. Most of the title companies have sister branches to where you can go if the main one is too far away...call your officer and find out. It will take some time away from your day to make the drive, but it will give you peace of mind too knowing that your money was indeed deposited in YOUR escrow account. + +The fraudsters are getting sophisticated with their phishing schemes and are sending emails that look almost exactly like that which would come from a Realtor and/or Escrow Officer. Unless you can tell the difference, you can get scammed. + +If it is very inconvenient to do the legwork...and you simply must wire...then be absolutely sure that the email you received from Title is legit. Screenshot it and send it to your escrow officer and verify that it is from them. I recommend having phone contact with whoever it is you are sending the wire too. And if you do wire, opt to go to the physical bank (where your funds are) and grab a branch manager to do the wiring for you. Take a copy of the wiring instructions with you and be sure the manager inputs the numbers/info exactly. + +Good luck +I have a fantasy about buying a home on the beach somewhere (Costa Rica? Turks and Caicos? Salyulita, Mexico?), using it for family vacations and then renting it out for cash flow otherwise. In my fantasy it also appreciates, obviously :) + +Is this just a fantasy or has anyone accomplished this? + +( I’m Canadian, if that makes a difference. ) +Before anything I am super inspired by this sub, I learn a lot and gives me motivation. Everyone here seems to own more than one property, ok not everyone but you get the point. Anyways, how the hell do you even scale? After how many years of owning one property you can even get another one? What then after four? You partner with others? What do you do? + + +Edit: also, what happens if your income does not increase? Why would the bank give you more mortgages? +Hey everyone. Using a throwaway account as my friends know my real account and I'm not ready to share this yet. My wife had been battling cancer on and off for the past 6 years but it finally took her 2 months ago. We never really talked about her passing and arrangements or anything like that because her passing was a little unexpected. We thought she still had a few more months. I got a letter in the mail from Lincoln Finacial about 3 weeks ago asking for beneficiary information and her death certificate. I didn't know anything about a life insurance policy so I figured she must've had a basic plan through work. I called them first just to make sure it was legit and then sent them my info thinking it would be nice to get at least some money from all of this. About a week later I'm trying to buy groceries and my card kept getting declined, i get into my bank account to see what's up and see 233,000 had been added to my savings. I held it together as best as I could and called and got my card fixed and quickly went to my car to cry. This all happened on valentines day so I guess it was my wife's last big valentines day present to me. I did not expect this amount of money at all and I have no idea what to do with it. I called her employer later and found out she had taken out an optional life insurance plan rather than the basic and never mentioned it to anyone in her family. I feel like it would be best to invest it and not just let it sit in my bank but I don't know where to start. I have almost no debt and I rent a house from my parents so I don't have a mortgage. I'm just kind of beside myself right now. My parents use Edward Jones but I've heard not great things about them. Where should I start looking? + + +Edit: wow I didn't think this would get as big after going to bed. Thankyou everyone for your input. I feel more confident in what I might try. I'm just gonna sit on this for now and make sure everything else in my life is squared away because this is stressing me out more than I realized. Thanks again everyone. +My father passed away last year and going through paperwork my mom found a 2005 Fidelity statement that lists my father as having $44k in Citigroup stock and another $21k in a bond fund. She called Fidelity who said it was a “shell account” and offered no guidance as to where the money went or how she can find it. Nothing she has come across or received since his death sheds any light on where this money went. Any suggestions where to look or who to contact to find out? Thanks in advance +If had invested $1 in 2012 (when I began contributing to my 401k) into an account that appreciated based on inflation, I would have $1.32 today. I have invested approximately $175k in 10 years (I try to max out my 401k contributions every year when I can). I received a quarterly statement today, and I have $5.8k in investment earnings, down from a peak of approximately $75k at the end of 2021. I am by no means near retirement age, I am sure it will go up sharply in the next few years, but this seems like a scam, and people near or in retirement are getting screwed. Is this still the best thing out there? Of course, this does not consider employer contributions. +Many of you would have started with investing at an early age and some at a later stage. When did you decide to be actively involved in personal finance? How has your portfolio evolved over the years and what have been your learnings? +original thread https://www.reddit.com/r/personalfinance/comments/2xqo64/i_think_my_bank_teller_miscounted_my_cash_deposit/ + +So I went into the bank first thing this morning. They were not aware of the error but because of the sum they told me they would do a hard count this morning. When they called me with the result it turns out that I was correct and they were missing $1,000. + +Two factors contributed to the clerical error: first off, my teller had done several cash swaps with another teller that day so they assumed the $1,000 was missing in those transfers. The second factor was that she counted $6,090 but entered $6,900, then she realized the mistake and tried to fix it but the "69" was stuck in her memory, therefore she wrote down that I gave her 69 $100 bills plus several $20s and a $10. + +This is a small town credit union so they don't have counting cameras. They were very grateful that I came in because not only would the teller have gotten in trouble, but the wrong teller would have gotten the blame because they assumed the problem was in teller #2's cash transfers. Actually, it sounds like they were willing to shrug it off, but I'd hate to see someone's career tarnished over something like this. + +As of now everything is squared up, they removed the $1,000 from my account and I think everyone walks away with a little life lesson. + I know that Michael Burry, who predicted the 2008 recession, has said that he thinks it is a "dangerous bubble" and that he is expecting an "epic crash." + +Do you agree? Moreover, is it reasonable to expect S&P 500 ETF return rates to continue averaging \~10.5% in the future? +First of all. There is only 1 Keith who has EARNED the respect and trust of apes in this entire Saga. No disrespect to this new guy and I don't think he has any bad intentions BUT regardless of his intentions, this is going to cause people to day trade. Which could possibly fuck people over and lessen the floor from 60Mil to 59.9Mil and I'm fucking greedy. That 0.1Mil is MINE. It will NOT be going to Ken n friends. + +Ask yourself this before you act on anything this new guy has said: +1. What credibility does he have? +2. What if he's simply wrong? +3. What if the Algorithm they use change? +4. Who benefits the most IF we day trade? +5. WHAT HURTS THE SQUEEZE THE MOST? (A big fucking hint: It rhymes with CELL) + +Also, I have seen a good 3 hours of the video and it's interesting, however he was predicting prices with a 0.1 spread in Movie stock. This man is predicting a price difference of 0.2% and quite frankly, even if you do day trade this shit, you'll make jack shit and you risk the biggest move of your life to do so? There's no way to justify this stupid fucking behaviour EVEN though I'm smooth brained af. + +1 last thing to note: in the 3 hours that I watched of the video, I don't recall hearing GME. Why is the video so focused ONLY on movie stock? I'm not saying this is orchestrated by a shill but it's FUCKING ORCHESTRATED BY A SHILL! + +There's only ever been 1 correct play. BUY N HODL + +Edit: Buy, Hodl & Shop @ gamestop +I called DEGIRO customer service right now to inquire how can I vote my shares ahead of the annual meeting. The customer service guy was very nice, but it was clear as day he's been swamped with this question before (the "Oooohhh yeah GameStop" reaction). + +He said they have an inflow of requests from GME shareholders about voting and "are working with their brokerage department to come up with a common platform for all customers to vote." Because apparently there have been so many requests lately, they are unable to handle them individually. + +The guy said they could not give a date when it would be ready, but they will get back to me as soon as they have "the solution." + +The good: Europoors are responsible HODLers and are voting their shares en masse! + +The bad: DEGIRO could be bulshitting and delaying or trying to avoid us voting altogether. Although I don't think that's likely, they have been a fairly good broker so far. No PFOF, no restrictions buying in January, although they do wire trades to Shitadel darkpool. + +Good job, Europoors. We are voting like responsible HODLers should! 💎👐 +Hi all, + +I wanted to pose a question to the group. I am a younger investor with a long time horizon (30+ years). + +I’ve been investing for a little while now, but mostly heavy in tech and index funds. + +My specific question: What are the benefits of investing in dividend stocks rather than dumping your money into SPY, or QQQ (SPY & NASDAQ index fund equivalent)? Both of these indexes are quite diversified across all the companies they are comprised of. + +Please note that my question is tailored to folks who have a longer time horizon, not people who are near retirement and need a more steady income stream. + +Thanks! +With oil prices rising, how are you guys treating oil stocks? +For instance, Sunoco has an 8.66% dividend. I'm thinking of moving some 401k into a few oil stocks +I've been ALL in since march. Like.... every cent to my name. + +I had no 401k to speak of after taking most of it our during COVID when I could do so without penalties and used it to pay bills. Since March I've matched my max company match (8% for company match of 6.4%) and every cent of that is invested in GME (51 shares as of today. I know, no positions, but that's just my 401k and I also have an individual investment account, so it's just a partial positon xD) + +I've spent every spare dollar I have investing, to the point I went full retard and took out a $10k loan to buy more. I'm a xxx holder with 95% of my shares from my individual account DRS'ed. Hell, I spent some money I didn't even have, accidentally overdrafting my bank account because I invested too much and forgot about a bill or two that was due that check! + +I'm tapped out. My purchases are now almost exclusively in my 401k as it takes every penny I own to keep my bills paid as I wait for this thing to blow.... and it WILL blow, eventually.... + +But, back to my original question: How the hell do some of you still have $xx,xxx that you are dropping on these dips? Either you're making 7 figures a year and that ten grand is just what you have to spare each check, or you weren't 100% in on GME yet.... and that's the real question here, why the fuck weren't you already in 100%? + +To all my brothers and sisters out there who can't afford to buy the dip because you're already 110% in, don't worry, our time will come. + +To all those who are able to buy the dip because you weren't 100% in..... and I mean this in the nicest possible way.... Fuck you and I'll see you tomorrow /insert meme + + +EDIT: To all those smartasses saying they have a Job...... what's that? Kidding, I have two of them and work 60-65 hours a week between the two. I make \~100k a year, though between the kids and their sports and the wife with her never-ending list of home projects, I don't have a lot of fun money. +I rent in the St George area of Sydney after selling at the start of the year. Had been looking to buy slightly further south west to get close to being mortgage free. + +I just did a search encompassing the following suburbs: Padstow, Padstow Heights, Revesby, Revesby Heights, Picnic Point and Panania. Minimum criteria is 4 bedrooms and 2 bathrooms. I dismissed anything that was freestanding. + +The vast majority of the 76 search results were brand new or near to new build. So plenty of choice. + +The last 4 weeks of listed sales for these types of places totalled 3. + +There are also 45 of these similarly specked places on the rental market. + +I’m not much of charts and data guy but if you’re an investor or developer in this neck of the woods I sense you are about to get burned. +Card is about two years old. Never missed a payment. Never been late. They gave me no notice that they were doing this. + +Anyone have an experience like this before? Is there anything I can do about this? + +EDIT to provide more information: I don't need $18,000 in credit. I've never used the max amount nor have I even come close. My issue is I've been a loyal customer to them, never missed a payment or been late, and they drop my line by $17,500 overnight without warning a week after I make a large payment to clear the balance. I know they don't "owe" me any specific line and they can do whatever they want with my line, but right now they are all about "we are here to help with Corona virus related issues" and they cut my line during this virus stuff. + +Also: I've never been late on any of my credit cards. Ever. No missed payments or anything. Balance on other cards have decreased. No dramatic changes in spending habits or things like that + +EDIT 2: Just wanted to say thank you to everyone for the information and for your responses. I will try my best to work through them all and reply. + +Here is one thing I did want to say because this seemed to come up a lot: My utilization is now sky high. I have a balance on two Capital One cards that I've been working on paying down and the Discover card was my highest limit card with smallest balance. It's now gone and as someone mentioned I feel like this will snowball to my other cards and cause even more issues. Thankfully I'm not in the market for a car or home right now, so the immediate tanking of my score isn't a huge concern. +Guten Tag to this global band of Apes! 👋🦍 + +Each new day seems to bring even more confirmation that the Institutional Shorts remain fuk, does it not? +The explosive upward breakout of GME, resulting in a halt, shows me that they are losing control. +It happened to coincide with a similar halt on BBBY, which obviously is getting a lot of attention these days because of the apparent short squeeze happening there. +While these two companies are completely unrelated, the main similarity is that the SHFs placed huge bets on their ability to short them into oblivion and profit off their demise, and Ryan Cohen has been involved in helping the companies rebound into companies that will never be destroyed by such tactics. + +There is zero doubt in my mind that there are some efforts to get Apes to abandon GME to FOMO into BBBY. +It could be that there are some institutions that are only short on one and not the other, and it would be incredibly helpful to get Apes to jump. +It could be that they are hoping to somehow rug-pull this run-up, and are hoping to burn the Apes who have so far been resistant to selling their GME. +Whatever the reason for the FUD, take a moment to look back at your list and decide whether any of your established criteria to sell a share are satisfied. + +I can tell you, mine have certainly not. + +I am traveling this week and do not know if I'll be able to reliably post. +While many days I should be able, I will try to arrange coverage for days when I will not. +Thank you for understanding! + +Today is Wednesday, August 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$42.29 / 41,74 €** *(volume: 10267)* +- 🟩 115 minutes in: $42.36 / 41,81 € *(volume: 9854)* +- 🟩 110 minutes in: $42.29 / 41,74 € *(volume: 9754)* +- 🟥 105 minutes in: $42.19 / 41,65 € *(volume: 9448)* +- 🟩 100 minutes in: $42.29 / 41,74 € *(volume: 9142)* +- 🟩 95 minutes in: $42.26 / 41,72 € *(volume: 9135)* +- 🟥 90 minutes in: $42.16 / 41,62 € *(volume: 7610)* +- 🟥 85 minutes in: $42.16 / 41,62 € *(volume: 7249)* +- 🟩 80 minutes in: $42.16 / 41,62 € *(volume: 6980)* +- 🟥 75 minutes in: $42.09 / 41,55 € *(volume: 6851)* +- 🟥 70 minutes in: $42.27 / 41,72 € *(volume: 6337)* +- 🟥 65 minutes in: $42.58 / 42,03 € *(volume: 5933)* +- ⬜ 60 minutes in: $42.76 / 42,21 € *(volume: 5681)* +- 🟩 55 minutes in: $42.76 / 42,21 € *(volume: 5640)* +- 🟩 50 minutes in: $42.76 / 42,20 € *(volume: 5636)* +- 🟩 45 minutes in: $42.64 / 42,09 € *(volume: 5544)* +- 🟥 40 minutes in: $42.62 / 42,07 € *(volume: 5455)* +- 🟥 35 minutes in: $42.64 / 42,09 € *(volume: 5448)* +- 🟩 30 minutes in: $43.03 / 42,47 € *(volume: 3810)* +- 🟩 25 minutes in: $43.02 / 42,47 € *(volume: 3657)* +- 🟩 20 minutes in: $43.02 / 42,46 € *(volume: 3577)* +- 🟩 15 minutes in: $43.01 / 42,45 € *(volume: 3452)* +- 🟥 10 minutes in: $42.83 / 42,28 € *(volume: 1817)* +- 🟥 5 minutes in: $42.84 / 42,29 € *(volume: 1519)* +- 🟩 0 minutes in: $42.85 / 42,30 € *(volume: 1080)* +- 🟩 US close price: $42.19 / 41,64 € *($43.09 / 42,53 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0131. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +This is it for any doubters out there. For all the anti ripple people. The sec is using ripple to come after crypto. They literally told the court that the ripple case will cause so much damage to them they will not be able to enforce cases. Just remember the sec never gave Eth and btc clearance. They were only opinions from Jay Clayton and Bill Hinman. They will come after miners, vitalik....everyone. +https://www.wsj.com/articles/china-says-growth-is-fine-private-data-show-a-sharper-slowdown-11567960192?mod=mhp + +Beneath China’s stable headline numbers, there is a growing belief that the real picture is much worse + +By Mike Bird and Lucy Craymer +Sept. 8, 2019 12:29 pm ET + +In the second quarter of this year, official Chinese data showed economic growth of 6.2%, close to Beijing’s target and within a percentage point of what it has reported every quarter for the past 4½ years. + +A few months earlier, satellites monitoring Chinese industrial hubs suggested parts of the world’s largest trading economy were contracting. An index of Chinese industrial production created by a multinational manufacturer was pointing to lower growth than official figures. And a web-search index used to gauge how many workers return to their jobs after the Lunar New Year holidays was down sharply from a year earlier. + +Beneath China’s stable headline economic numbers, there is a growing belief among economists, companies and investors around the world that the real picture is worse than the official data. That has analysts and researchers crunching an array of alternative data—from energy consumption to photos taken from space—for a more accurate reading. + +Their conclusion: China’s economy isn’t tanking, but it is almost certainly weaker than advertised. Some economists who have dissected China’s GDP numbers say more accurate figures could be up to 3 percentage points lower, based on their analysis of corporate profits, tax revenue, rail freight, property sales and other measures of activity that they believe are harder for the government to fudge. + +China, whose GDP topped $13 trillion last year, is still growing, and the alternative data points to that. It indicates the deceleration is happening in areas such as manufacturing. In many cases, alternative indicators have previewed the path of official data and show the depth of the challenges Chinese authorities face. + +“Manufacturing is being hit really hard,” said Leland Miller, chief executive officer of China Beige Book, which measures China’s economic strength based on thousands of survey responses from mainland companies. “Investment is down, hiring took a serious hit, a huge hit to new orders.” + +China on Friday released billions of dollars to banks in an effort to revive business sentiment as the U.S.-China trade battle continues. The People’s Bank of China reduced the amount of money commercial banks have to hold in reserve, enabling lenders to finance projects. + +Much of the data “is telling us nothing good about the China economy,” said Eric Pratt, head of global marketing at AVX Corp. , a maker of electronic components based in Fountain Inn, S.C., which has two Chinese factories producing parts for cars and mobile phones. Mr. Pratt said over the past year, as alternative indicators and forecasts pointed to more weakness, his company cut some jobs and slowed production. + +Over the past decade, China’s growth has made up between a quarter and a third of the world’s economic expansion. The country’s size and interconnectedness around the globe now means small changes in output impact the performance of all major economies, including the U.S. and trade-oriented ones such as Germany and Japan. + +Since the escalation of the U.S.-China trade conflict, suspicion that China may be massaging its official data to paint a picture of broad economic health has become a challenge for Washington. U.S. trade negotiators have been seizing on any signs of weakness in their attempt to squeeze more concessions from Beijing. + +As the effects of tit-for-tat tariffs filter into China’s economy, the country’s government has also tightened access to data that has proved reliable in the past, in some cases stopping the release of indicators that paint an unfavorable picture. + +In December, a manufacturing index for the trade-intensive Guangdong province was suspended after trailing national figures for months. The country’s National Bureau of Statistics said the local government that produced the index didn’t have permission to do it. + +China’s official unemployment figures haven't changed much since the trade war began, raising questions about their reliability. + +One challenge for businesses and investors is that China’s economy can’t be easily deciphered using measures such as unemployment and real GDP growth because those numbers don’t change much or are carefully managed. Where China’s central bank sets interest rates also isn’t a good gauge of growth, because most large Chinese banks are state-owned entities whose lending is driven by policy goals rather than profit motives. + +One official measure of China’s unemployment rate has hovered between 3.5% and 4.5% for the last 15 years, a pattern that has led many economists to conclude it is unreliable. About two years ago, China began publishing an unemployment rate for urban areas derived from a labor survey that authorities said was more accurate. It recently showed a higher reading of 5.3%, but has also moved in a fairly tight range. + +Authorities have defended their data. Earlier this year, after China reported stronger-than-expected GDP growth, a spokesman for the National Bureau of Statistics said the state wasn’t ironing out economic fluctuations. In August, another representative of the body said its survey of the country’s labor force was relatively reliable, scientific and accurate. + +Generally speaking China’s data has captured some degree of slowdown, though sometimes later than private measures. But government efforts to keep the economy from cratering, such as infrastructure spending, lending and other stimulus, can obscure areas of weakness or smooth headline growth numbers. As a result, they often don’t capture what companies are seeing on the ground, independent economists say. + +That has left the door open for dozens of proprietary data providers who are competing for a growing field of financial and multinational clients, global central banks and government agencies around the world. They face a challenging task given China’s vast and diverse economy where labor conditions, incomes and business activity levels vary widely between modern cities, manufacturing hubs and swaths of rural areas. + + +Companies that sense the economy isn’t doing so well are adjusting their strategies. American apparel company Brooks Brothers Group Inc. is expanding in China, but after detecting weaker retail sentiment in conversations with mall operators and in customer traffic and tourist numbers, the chain is in some cases setting up shop in smaller spaces instead of larger stores. + +“There has been some softening,” said Andy Lew, president of Brooks Brothers’ international division. + +London-based research firm Capital Economics has its own gauge of Chinese economic growth constructed from measures such as the amount of property floor space under construction, electricity output, freight and passenger traffic, and seaport volumes. “The problem is not a lack of data but more the quality,” said Julian Evans-Pritchard, its Singapore-based senior China economist. + +The firm’s index, called the China Activity Proxy, has shown growth below official figures for the past seven years. It recently indicated an expansion rate of around 5.7% due in part to stronger construction activity. But electricity production—a proxy for heavy industry—has slumped and credit growth remains weak, supporting the idea that parts of the economy aren’t doing well. + + +In July, China reported 4.8% year-over-year growth in industrial output, its slowest pace in 17 years. A large multinational company had seen the signs much earlier. + +Eaton Corp. , a global manufacturer of electrical components and power systems for buildings, industrial facilities, planes and other machinery, has about $2 billion sales in China. Last year, its in-house index showed 2.7% industrial production growth while China’s official reading was above 5% over the course of 2018. The company’s index estimated 2.5% growth for the first half of 2019. + +The index was constructed by a team of in-house economists about a decade ago, when Eaton noticed demand in its markets was weaker than Beijing’s growth numbers, said its former chief economist Jim Meil. The index was built from Chinese data combed from domestic sources that included automotive sales, steel production and construction activity, Mr. Meil said. + + +SpaceKnow tracks about 6,000 industrial locations in China and analyzes data on night-light luminosity and infrared bands—indicators of heat produced by electricity or factories—from about half those sites roughly every two weeks. It produces a proprietary index that has become a leading Chinese PMI indicator used by hedge funds, central banks and policy makers, said CEO Jeremy Fand. + +“You can see factories suddenly go quiet, giant subdivisions, huge construction projects just get halted,” said Mr. Fand. In August, SpaceKnow’s index pointed to a slight expansion, coming close to official figures that analysts said reflected a pickup in production before more U.S. tariffs came into effect. + +Mr. Fand said the company is also working on a project for a U.S. government agency that is trying to analyze the impact of U.S. tariffs on China’s economy and certain industries. + +Last December, U.S. exchange operator Nasdaq Inc. bought an alternative-data business called Quandl Inc. Bill Dague, a data scientist leading alternative research at Quandl, has traveled to China in recent months to hunt for new data sets for clients. + +“Because it is so hard to get data out of China, demand has surpassed supply,” he said, adding that escalating U.S.-China tensions have made domestic data vendors less willing to share information with U.S. companies. + +Quandl’s data includes satellite images of aluminum stockpiles and containers of concentrate sitting outside Chinese smelters and storage facilities before and after the U.S. imposed 10% tariffs on Chinese aluminum in March 2018. + + +Before the duties took effect, geospatial images indicated factories were ramping up aluminum production. By the summer of that year, the stockpiles had run down and the production supplies weren’t replenished at many smelters, indicating slower production and slackening demand weeks before it was reflected in Chinese government data. + +George Mussalli, who oversees research and investments at Boston-based PanAgora Asset Management Inc., said one metric he monitors yearly is a “Spring Festival Index” produced by Chinese web-search giant Baidu Inc. PanAgora is a quantitative investment fund that uses data, mathematical and computer models to develop trading strategies. + +Baidu’s index is compiled from the number of people who use its search engine to find information about travel and transportation options around the weeklong festival, which coincides with Lunar New Year. During that period, millions of workers embark on long commutes from big industrial cities to rural areas in central China to spend the holiday with their families. + + +One index showed a drop in the number of people searching about travel for a weeklong spring festival this year. + +This year’s festival took place in early February, and the index showed a 12% drop in the number of people searching about travel in contrast to the previous year. Mr. Mussalli said the lower reading was a sign of slower economic activity. + +“In years where factories expect less production, some of the workers go home and stay home,” Mr. Mussalli said. + +China’s automotive sector, which makes up about a 10th of GDP, has been in a slump since late 2018. The China Association of Automobile Manufacturers, the organization that puts out official sales numbers and forecasts, had earlier estimated that 2019 sales would be flat year on year. In the first seven months of the year, they fell 12.8%. Despite that, the official forecast is now for a 5.4% full-year decline. + +Analysts at Bank of America Merrill Lynch are less optimistic. They forecast a 3.6% drop in car sales at the start of 2019 and now expect a 12% drop for the year. + +Ming Hsun Lee, a Hong Kong-based autos analyst at the bank, has been using data from a domestic vendor that collects weekly numbers from companies on production levels, sales to dealers and retail car sales. He said he uses it to calculate inventory levels at manufacturers, and considers price discounts, government stimulus and other factors in developing his forecast. + +Mr. Pratt at AVX, the U.S. electronics component maker, said the company has been using the bank’s data to help gauge demand and adjust production. “We don’t use what the government says because they are always really protective of their automotive industry,” he said. +As a side gig, me and two others are running a small real estate investing company. We have 15 flats under management, all of which we bought to let. + +Now we are looking to build a ten-flat house. We have hired / asked an architect and an engineer to put together the materials for the request, and would do this as a turnkey contract (sign and build, expecting to have a finished house a year later). This is the first time for any of us. What do we need to know? What are the biggest mistakes people make? + +Any advice or stories from your own experiences would be much, much appreciated. + + ++ First time developing a house on our own. I am 23 years old ++ Have been doing the letting for 6 years, and that part goes well ++ Good knowledge and track record of managing finances / funding / accounting +Edit: + This is in Northern Europe, so overall pretty extensive requirements for the builder and a decent amount of protection for the buyer (us) +My friend introduced me to FIRE and MMM back in 2013. He tragically passed away a couple days ago unexpectedly at a very young age. He was an all-star even by FI standards (worked in tech, has a side gig, very high SR, etc), but more importantly, he was an amazing person and a great friend. I will miss our regular conversations. We would always talk about the future. + +This is just a reminder that we should all take a step back and realize that life is short. This does not mean we should not save aggressively and invest, it just means we should look at the bigger picture. We don't know how long the journey will last. + Hey PF, I could really use some advice. I’ve already done some research but I’m not finding helpful information. Also, I know that there is an r/expatfinance but it’s a very small community so I figured I’d have better luck here. + +I am a 26yo US citizen that moved to the Netherlands in February for work. I consider myself an expat because I intend to move back to the States, but there is no plan for when that will be. It could be three years or ten or more; I’m kind of winging it. I had spoken to some other US expats about how they invest and manage finances before I made the move, but I’m learning that it’s much more complex than I had understood it to be. + +Looking at the PF [Prime Directive chart](https://i.imgur.com/lSoUQr2.png), I’m at Step 4. I have an emergency fund and by living frugally I’ve been able to pay off all my debts. Now, I’ve got a steady stream of cash and I want to start investing it. When I moved, my original plan was to max out my 401k, then a personal IRA and then get into Mutual Funds. + +Well. There are the problems with that plan. + +**The problems:** + +* **I no longer qualify for IRA contributions**. [Apparently](https://thunfinancial.com/iras-roth-iras-and-the-conversion-decision-for-americans-living-abroad/), expats can only make IRA contributions on income that is above the amount excluded by the Foreign Earned Income Exclusion (FEIE) and the Foreign Housing Exclusion (FHE). Basically, the limit is $100,000, so if I made $110,000 a year, I could use $10,000 to contribute to an IRA. But I don’t make more than 100k, so an IRA is not an option. +* **I can no longer contribute to the 401k I had in the states**. When I called the bank about it, they said that neither I nor my employer can pay into this account, and unless I want to pay a penalty I also can’t move the funds anywhere. 401ks can only be funded by US earned income, and it can only be rolled over (such as into an IRA) if I switch employers. I transferred offices within my company to move abroad, so: same employer, but no US earned or taxed income. The money that is there will grow and shrink with the market, but otherwise it’s just going to sit there. +* **I am not permitted to invest in mutual funds.** For example, from [this](https://www.offshorelivingletter.com/fatca-regulations-non-resident-americans-cant-invest-u-s-mutual-funds/) article: “Fidelity, Schwab, and other brokerage houses announced that they will no longer allow U.S. persons living outside the United States to invest in U.S. mutual funds.” + This one frustrates me the most. From all the research I’ve done, mutual funds seem to be the right kind of investment vehicle for me, and I actually feel like I understand them as opposed to ETFs or other choices. Every US expat I spoke to before moving said that they put their money into mutual funds, and even the article linked above says to just **do it anyway** by using a US address on all the paperwork. I’ve seen many resources online that recommend the same. But…wouldn’t that be considered fraud? +* **Realistically, I can’t invest in foreign mutual funds.** Apparently most non-US financial institutions won’t sell mutual funds to a US citizen because of the hassle of doing the reporting and the consequences of getting it wrong. I’ve heard that it’s possible but not worth it. When I set up a bank account in the Netherlands, their direct advice was that if I intend to move back to the States, don’t invest abroad. +* **I don’t want to rely on my Netherlands retirement pension.** My employer is required by Dutch law to set up a pension for me, but my understanding is that the system here ramps up the contributions over time and really only starts earning me money after I’ve been in the Dutch workforce or a while (like 10-20 years). I can’t say with confidence that I’ll be here that long, and I can’t manage how much is put in while I am here. For that and other reasons, I want to keep the pension as my retirement Plan B instead of Plan A. + +So. Reddit. Please help. I’m at a loss here, I don’t know what options are left to me. I have a brokerage account with Charles Schwab (with a very small amount invested in mutual funds from before moving) and their advice was to invest in ETFs. I’ve read up on ETFs, but to be honest I don’t feel like I understand them well enough yet to put my money there. What I liked about mutual funds is that they seem like a very low-maintenance approach to investing. Buy them, let them sit and grow, sell them 10+ years later when the time comes. That’s my comfort level with investing, at the moment. + +Other options I’ve seen are to create my own “mutual fund” by going out and buying individual stocks or to invest in property. Creating a “mutual fund" seems way over my head and investment experience level. Also, I’ve considered property, but I’m hesitant given the uncertainty around how long I’m going to live in any one place (my company could always send me to another country in a year or something), and I’d need to save for a while for a down payment anyway. + +**In short, I would really appreciate any answers to these questions:** + +* What options are left to me for long term investments? +* What would be the consequences of investing in US mutual funds anyway? I’m not asking you to advise me to do something I shouldn’t, but I want to feel fully informed about this issue. + +Some info on my finances: + +After taxes, I bring home €3270 per month (with some variation. +/- €30) + +On average, I have €700ish left over each month that I can invest/put to savings. I think it will get closer to €1000/month once I’m done with setting up costs, such as buying furniture. + +Savings: + +Discover bank - $20k in a high interest savings account for my emergency fund. + +Netherlands bank - €3000 in savings so I have euros on hand for emergencies. At the end of each month, I take whatever I didn’t spend from that month’s paycheck and transfer it to dollars in my US accounts. + +Debt: + +None. I use credit cards to pay for most expenses to get airplane miles, but I pay it off every month. + +I think for someone in their 20s, I’m in a pretty stable financial situation. It’s been a mix of good habits and good luck to get here and I want to make the best of the situation I’m in to prepare for the future and some large costs I know I'm going to have eventually. The idea that I don’t know what to do now has been really stressing me out. + + +**tl;dr** What can an investing noob do with their money when they can't invest in a 401k, IRA, mutual funds of any kind, or property? +My account is heavily weighted towards small/mid cap growth stocks. (Combination of shares, CCs, leaps, and a bit of garbage here and there.) + +I've played around with selling iron condors on SPY and it got me thinking about how closely my portfolio correlates with the Russel 2000 index. + +What I'm considering now is to build a bearish position on IWM (a russel ETF) by selling options. Most obviously- selling call spreads, but I also like the idea of selling iron condors that just have more room to fluctuate toward the downside. The primary objective would be to profit through time decay, but it would carry the added benefit of tempering my account swings some. + +Anyone have any experience with or opinions on this idea? +Hi all, + +I frequently hear about the phrase above particularly when a user posts about a strategy that seems to be working out for him/her. + +This group is about selling options so I find it a little hard, particularly if you do the wheel, that long term the steamroller would catch you. + +Again I agree that the key to this is picking the right underlying. + +Can you please share examples or your experiences? + +Thanks a lot!! +I have published in the Macquarie University outlet, [The Lighthouse](https://lighthouse.mq.edu.au/search?query=prashan) – commenting on the business and economics landscape in 2020, and I have provided commentary to a variety of Australian news outlets, The BBC, as well as several retail magazines. I am also called upon by both industry and government bodies to provide consulting expertise and run seminars, especially during these covidian times. + +I am heavily involved with Macquarie’s Widening Participation Unit – LEAP via [LEAP Roadshows](https://www.mq.edu.au/thisweek/2018/11/29/staff-hit-the-road-to-boost-tertiary-participation-in-far-west-nsw/) and LEAP inROADs. I am also a part of the team that designs, develops and delivers [the University’s award-winning Excel Massive Open Online Courses](https://www.mq.edu.au/thisweek/2018/05/28/award-winning-excel-courses-now-free-for-macquarie-staff/) (MOOCs) on the Coursera platform – reaching more than 300,000 learners globally. + +Both my LEAP and Excel MOOC ventures are to cross-pollinate ideas from economics and ideas from education – to use education as the driver and activator of an agile individual, who in turn become agile entrepreneurs, who then drive an agile economy. + +I received a [Citation for an Outstanding Contribution to Student Learning](https://researchers.mq.edu.au/en/persons/prashan-karunaratne) at the 2019 Australian Awards for University Teaching: "For excellence in engaging, equipping and empowering students and lecturers to achieve transformative and equitable outcomes in Economics and Excel – in classrooms, boardrooms and beyond." + +You can find more information about me here: https://www.mq.edu.au/thisweek/2020/05/13/10-questions-with-prashan-karunaratne/ + +LinkedIn: https://au.linkedin.com/in/prashankarunaratne + +Proof: https://i.redd.it/izupss1xeyl51.jpg +>The $912 million-funded fintech giant will provide compensation to all customers of its Robinhood Gold premium subscription for borrowing money to trade plus access to Morningstar research reports, Nasdaq data, and bigger instant deposits. It’s offering them three months of service. + +>A month of Robinhood Gold costs $5 plus 5% yearly interest on borrowing above $1,000, charged daily. Before a pricing change, the flat fee per month could range as high as $200. However, compensated users will only get the $5 off per month, for a total of $15. That could seem woefully insufficient if Robinhood users missed out on buying back into stocks like Apple that went up over 9% on Monday. Robinhood is calling it a “first step”. + +[Techcrunch](https://techcrunch.com/2020/03/03/robinhood-outage-cause/) +I’ve been lurking for years and it’s mostly been: + +- FAANG executive who got stock options (software engineering background) + +- someone who sold their software startup (same background) + +- early crypto investors (usually just some random guy who was on the dark web during the early 2010’s for some reason) + +I haven’t seen much from the folks on Wall Street who went the inbanking and private equity path or those who become partners at huge consulting firms. I’m at a target school and these routes are what everyone talks about… finance consulting finance consulting yadda yadda. + +Is there anyone here who has made it in such a path and can speak to how life is going? Do you feel fulfilled with your career? If you had to redo everything, what would you do differently? +**Age: mid-40s.** + +**Annual household income: about 400K. Four kids, two currently in college. VHCOL area.** + +**Net worth: 3.7M, roughly evenly divided between taxable, retirement, and stocks in a family-held company.** + + +(I post on fatFIRE under a different user name, but this is a throwaway because of the specific numbers, largely because I don't want people on other subs I visit to see my post history and bring up my privileged position in an unrelated argument.) + +The family company in question was founded by an ancestor about 90 years ago, and has grown under the steady hand of various family members, most recently an uncle. Current valuation of the overall company was 800M by an independent auditor, but that value is spread among *a lot* of descendants of the founder and the families of key employees. + +My parents had been giving me and my siblings 20-30K in family stock every year for a long time, and I assumed this was designed to work through the stock in a timely manner, but this Christmas they sat me down for the first time and shared the numbers. They have about 15M in company stocks, and another 5M in liquid assets that are intended to pay taxes on the 15M if someone like Sanders or Warren changes the inheritance laws. I openly wondered why they didn't more aggressively transfer that money now, since the 5M would be easily enough to cover their expenses, which are about 120K or so per year at this point. And of course all that money is a lot less useful to me in 15 years as an inheritance than it would be now. + +Turns out they're doing this more limited gifting because of my annoying Brother in-law. My parents were stung by the divorce of my brother several years ago, when his ex took half the company stock with her and sold it back in the annual buybacks. My parents currently have a fraught relationship with this other BIL, who is admittedly a bit of a tool (and is probably cheating on my sister, as well), but it's especially my parents who don't get along with him. They're convinced my sister is going to get a divorce and potentially lose millions of the company stock, but they also don't want to treat her any differently than the rest of us. + +The company stock pays a dividend of about 2%, and has been increasing in value at 8-12% per year for many years. The company buys back several million a year in a sort of auction format, making it semi-liquid. There is, however, a fair bit of pressure not to sell back stock, as it's also a question of family control of the company going forward. People do it, but in a limited way. Nobody I know is actually decreasing their their value by more than the stock seems to increase on an annual basis. + +This is obviously not the worst problem to have, but seems odd to me that I'll already be retired by the time I come into money that could be a lot more useful now, especially with all these present and looming college expenses. +5 trillion of that was added to the Fed’s balance sheet since Feb. 2020: https://fred.stlouisfed.org/series/WALCL + +401k balances: https://www.ici.org/401k + +—— + +But oh ya, inflation is only happening because the ships and ports and all that jazz. Definitely not also because of the largest instance of debt monetization in the history of mankind. + +This behavior jeopardizes the USD’s status as the reserve currency of the world. + + +Edit: Not saying that expanding the money supply is the only factor driving inflation. Supply chain issues, as we’ve been experiencing, increases inflation. Supply chain issues + expanding the money supply makes inflation even worse; it exacerbates inflation. I’m also not saying it was a bad thing for the Fed to respond as quickly and vigorously as they did. I do, however, think it was a mistake to add 2 trillion more to their balance sheet from August 2020 until now, amid increasing demand pressures and supply shortages. They kept adding to their balance sheet, expanding the money supply, even as the US made it through the eye of its economic storm. + +I also chose 401ks as a reference point to compare against. 9 trillion is hard to conceive of. Thought that a unit of comparison would help. Other comparisons. US GDP = approx. 25 trillion. California GDP = approx. 3.5 trillion. Texas GDP = approx. 2 trillion. NY GDP = approx. 2 trillion. Florida GDP = approx. 1.2 trillion. GDP of UK = 3 trillion. GDP of Germany = 4 trillion. GDP of Mexico = 1 trillion. GDP of Canada = 1.6 trillion. Collective student loan debt in US = 1.5 trillion. +I’m most interested in hearing about Apple and Amazon but feel free to discuss anything. Dollar cost averaging would definitely be a good way to go, but if it hits a certain price it’d make sense to load up as much as you can +Price to sales and all valuation metrics are GREAT. I also like the business model because the way I see it, there will always be demand for in-person fabric shopping. The only problem I really see is their current assets and liabilities because when I look closer into the assets, it’s all inventory. I’m looking for discussion so that I can make better sense of this. +I am wondering what valuation metrics or ratios other value investors use when researching companies. What are your favorite metrics or ratio's when conducting fundamental analysis of a business? +I am very curious about value investing and am picking it up very quickly. Maybe someone can point me in the right direction. + +Charlie Munger said Warren and him have 3 general rules. + +1.) A business with some intrinsic characteristics that give it some durable competitive advantage. + +2.) Management in place with a lot of integrity and talent + +3.) Finally, no matter how wonderful it is it cannot have an infinite price, we have to have a price that makes sense + +RKT checks all these boxes which really gets me thinking “is it too good to be true?”. + +RKT is a holding company that has tons of subsidiaries in mortgage lending, making it the largest mortgage lender in the U.S. so it’s definitely a company I wouldn’t mind owning in 10 years. + +I am well aware that RKT is very new to the public, and I don’t think that’s a problem, I think it’s an opportunity considering how well established it is. + +I should also point out it has reliable earnings since it’s recent IPO mid 2020, and it’s low P/E ratio is very attractive. + +I’m interested in selling puts with about 20% of my portfolio at a strike of $20. In other words I’m looking to buy it at $20/share. When factoring in premium the price in which I buy will be much lower, and the premium will be a 1% gain which in my eyes is a jackpot! I know this isn’t a options community so bear with me... + +In my case, 10k in collateral for 5 contracts at around .20 per share in premium expiring next Friday. If the contracts aren’t exercised then I repeat the process and make a whole bunch of money ultimately lowering the cost basis. If I do get exercised I collect 500 shares at $19.80, far below what I believe to be its intrinsic value. + +I’m hard to offend so give me your honest opinion on my first analysis! What do you guys think? +Hey everyone i have a question. so i started investing with little money. I put my first 500$ in vanguard etf. I intend to put like 50 every month. Im 25 and i have a long term plan to do it for like 15-20 years or something. Do you think its worth it. I think the amount is really small but thats what i can invest unfortunately. +While my wife and I's personal life plan/philosophy is much more of a pseudo financial independence (i.e. creating a scenario where we require a far lower income to maintain our lifestyle as opposed to eradicating the need to work altogether), I've thoroughly enjoyed gobbling up all the content in this sub over the past couple months. Full on FIRE isn't for me but I appreciate any strategy that involves breaking out of the system as we know it. + +Having lived as an expat for the past 13 years with most of that time spent in developing countries I can admit that part of our long-term financial planning involves sticking to countries where we get more bang for your buck so to speak. + +April will mark 6 years in Mexico, a popular destination for early (and late) retirees wanting to live a freer life on a limited pension and so I've met dozens of retired or semi-retired people here along every spectrum of income. + +**And one thing is for sure: Not everyone finds the lifestyle they are looking for.** + +We love living here. We prefer the pros to the cons and have discovered a happy medium between adjusting to the "local" way of life along with recreating what we're used to in a foreign land. + +A lot of folk, however, discover that *Living Like a King* doesn't quite feel as regal (or affordable) as they expected it to - and to a great extent this is due to a misunderstanding of what taking your dollars overseas for the highlife truly looks like. + +**The Biggest Mistake is Comparing Apples to Oranges** + +The #1 reason people wind up disappointed in their newfound royal lifestyle overseas is that their vision of a King-like existence is quite literally, King-like. + +The reality is that true luxury living is expensive anywhere in the world and that you're never going to recreate your millionaire vision on US$1500-2000/month. + +What you can enjoy on such an income, however, is the type of lifestyle afforded to the top 2-5% of earners in your adopted home. + +You can live VERY well & VERY comfortably - but this also requires that you shift your idea of what comfort looks like. + +We like our house. It's perfectly nice. But we don't have carpets or a Lazy Boy, dishwasher, dryer and many other common amenities found in a typical upscale 1st world home. Our house feels like a nice *Mexican* house and the expats I know who wish their place to feel like a nice North American or European home pay through the teeth to make it happen - perhaps less than they'd pay at home but certainly to the extent that their lifestyle requires more than a couple grand per month in upkeep. + +*Living Like a King requires a shift in perspective.* **Period.** + +Most imported goods meant for the affluent will cost you more in the developing world than you pay at home - part of living like a King means adapting your tastes for more local delicacies. + +**But that's not to say the benefits of moving to a cheaper country aren't real. They are real. It's just that these benefits are not applicable across the board.** + +Labor/services are crazy cheap. Should it strike your fancy you can never take your own garbage out or lift a finger to clean for the rest of your life. Same goes for gardening or pool maintenance, etc. + +But cheap labor also comes with caveats as staff not always understand what is expected of them, even when you speak the language. + +Same goes for car repairs, plumbers, electricians and on and on. + +And health care costs a fraction of what you pay at home (at least for Americans), too - perhaps it's not "as" good but in most circumstances you're fine. + +Eating out is cheap. + +But a $3 meal in Mexico comes with $3 surroundings. Nice enough but it's not going to be as comfy as Tony Roma's or Sizzler. + +Going to a properly nice restaurant still costs real money. Less real money but real money nonetheless. + +My point is that living as an expat can be amazing and I absolutely love that we have the freedom to control how much we work/earn by virtue of how low the cost of living is here but our day-to-day living looks little like it would if we lived in the US. + +It's not better or worse, it's just different. So if your plans involve beating feet to the 3rd world as soon as you've got half a million dollars in the bank, just remember that *Living Like a King* really means *Living Pretty Damn Well on Little Money* and not tossing money out the window of your Cadillac like a rap star. + +**EDIT:** + +So...quite a few people are misreading my intent here. + +I am not saying that a dishwasher, recliner and dryer are unattainable luxury goods in Mexico. I could buy these things if I so desired. I could go into town today, buy a dishwasher, put it in the truck, drive home, plug it in and wash the dishes. + +I could lay carpet from wall-to-wall...buy a vacuum...and then fight vacuuming up beach sand for the rest of my life. + +I am not saying that Sizzler is the pinnacle of dining excellence. I am saying that a $3 meal in Mexico won't be eaten in an air-conditioned building on a padded chair...a $10 meal will. + +I am not trying to paint a picture of a floral-shirted white guy squatting over a bucket in third-world squalor in order to save a buck or two. + +What I am saying is that life as an expat is different. + +If we look at the situation more abstractly, let's say that there are 100 factors of comfort/convenience that the average middle class North American/European enjoys...and that on average, a middle class Mexican enjoys 75 of these same amenities. + +That leaves 25 amenities that you can choose to upgrade or choose to adapt to the local style. + +If you choose to take all 25 upgrades you won't be living on $1500/month....but you can do, say, half of them and still live well on, say, $2000 (approximate numbers). + +Perhaps for you being able to dry clothes in a machine versus hanging them on the line is more important than having an XBox One & flatscreen in your bedroom...for us, we prefer to have the Xbox, something that costs a LOT more to buy in Mexico vs. the US. + +Perhaps for you it's worth spending double on food stuff every month in order to eat only imported food that you know and recognize but you couldn't care less about having a fluffy USA-style sofa. Maybe someone else pays for the American furniture but eats nothing but local food. + +It's a game of picking and choosing what's important to you...not a dearth of goods/services. + +My point in this post is that if you want your life to look/feel EXACTLY as it does at home, then you're unlikely to see HUGE savings in cost of living. + +My point is that the "Live Like a King" lifestyle requires that your vision of royalty be shaped according to your surroundings...with enough sprinkles of "home" to be the icing on the cake. + +Here are perhaps some better examples of shit you've got to get used to unless you want to pay out the nose: + +**Our hot water heater and oven run on propane.** + +I quite literally have to connect a propane tank, just like you do with your BBQ (and yes, we own a BBQ, too)...when the gas runs out it stops working...I have to disconnect the tank, connect a new one and then put the old tank in the truck and drive to the gas depot or hardware store to change it for a full one. Sometimes this happens mid-shower...sometimes it happens mid-meal...sometimes you get to the hardware store and they are out of gas. + +It's a pain in the ass. It's not as convenient as having an endless supply of natural gas pumped into your home. It's not as convenient as having an electric oven that you can set to an exact temperature. + +You can either get used to it or you can find a middle-ground solution like buying 3-4 extra tanks to store in the garage or you can pay a lot of money to get a giant tank installed and have a propane truck come periodically to fill it. + +Each of these options carry different price tags, from zero extra dollars up to thousands depending on where along the spectrum you want your convenience. + +**Gravity is the standard method for producing water pressure in the home** + +Most Mexican homes have a tinaco (tank) on the roof that is filled with a pump from an underground cisterna (bigger tank, haha)...all water pressure comes from gravity...meaning that a one-story home won't have a shit ton of pressure. + +You can (a) get used to it or (b) install a water-pressure system....which will cost money and possibly cause problems with other plumbing fixtures in the home that aren't designed for that much pressure. + +When I go back to the US and take a shower it's abso-fucking-lutely amazing...like I'm at a water park. It's phenomenal. Bigly. + +But it's not worth the money/headache to recreate my Yankee-Doodle shower here in Mexico - I clean just fine with less pressure. + +**Power goes out more often** + +It's not THAT bad but the power goes out (at least for a minute or two) often enough that I stopped using a desktop computer for my freelance writing work and we never set the clock on the coffee maker or microwave because some time within a week or two we'll lose power at least long enough to send it back to blinking 12:00. + +Internet goes out more, too. + +Not THAT bad but enough that it's not the same. + +I'm not trying to say that living as an expat involves a massive reduction in quality of life...shit...not at all. We have a killer pool and a sweeping ocean view that would cost two million bucks to have in So Cal. Eating out is so cheap we don't even consider price when thinking out whether we want to go to town or eat at home. Going to the cinema costs a few bucks...going out drinking is stupid cheap...and labor is so inexpensive that you could, in theory, do almost nothing yourself. It's like $4 to have the car washed and vacuumed, Armor All on the dash and tires, while we go to a coffee shop and pay $1 for an amazing coffee made with fresh organic beans grown 2 hours away in the mountains --- but the chairs are shitty, uncomfortable stools and not big green Starbucks loungers. + +I think expat life is incredible and even if I win the lottery this summer (I buy a ticket every time I go back to the US) we would still live somewhere that was neither my wife or I's homeland...we'd likely move to Spain - but that's another story. +Short version: Want to take a “year-long sabbatical from saving”, have a “hall pass for a year to buy whatever I want”, etc after saving/investing diligently for past 7 years. Has anyone done something similar? Is this foolish? + +Age: 30 +Annual Salary + Bonus: 150K +Annual Expenses: 24K +Dependents: None +NW: 425K broken down into...Brokerage: 230K in Vanguard dividend ETFs split evenly into VIG and VYM, IRA: 130K in Vanguard VTI, Roth IRA: 50K in Fidelity FZROX, Cash: 15K in Ally bank for emergency fund + +The 410K (100% in stock) I have invested in all my investment accounts, I will not touch until I hit 65. Based on the compound interest calculator, this is what the ending amount will be in the 35 years from now until I turn 65 if I never contribute another dollar. I put 3% average return on the low end to be conservative and 8% for the absolute best case scenario, I presume it’ll end up somewhere on the lower end. + +@3%: $1,153,683 @4%: $1,617,896 @5%: $2,261,566 @6%: $3,151,295 @7%: $4,377,398 @8%: $6,061,991 + +Because I have reached coast fire, I’d like to spend the next 12 months spending every dollar that I earn from my job. + +Why? A few reasons...I have lived very, very modestly the past 7 years since I’ve graduated and saved/invested almost everything (70%+ savings rate for all my working years). I have purposely lived like a very poor student and instead of lifestyle inflation, participated in lifestyle deflation. Had very close high school friend of mine recently pass away suddenly at such a young age. This shook me and I realize I can’t take anything for granted. I recently turned 30 and I don’t know if this is an early mid-life crisis, but I’m already thinking about my mortality. + +What do I plan to spend the money on? After covering my regular annual expenses, I calculate I’ll have roughy $70K (after-tax) over the course of 12 months to spend. My plan is to spend it on the below... +1. 2 week vacation with my immediate family (father, mother, sister) to St. Maarten (or equivalent if Covid makes things complicated) - $10K +2. 1 week vacation to Disneyworld with my nieces and nephews - $5K +3. One time financial gift/small token of appreciation to my parents since I’m forever grateful to them for paying for my college - $15K +4. Used luxury sports car - $50K + +A few questions. Has anyone done something similar to this? Almost like a 1 year “hall pass” to just splurge after saving/investing diligently for a while? Is there anything I’m overlooking or need to consider? Is the future value of my current portfolio after 35 years reasonably accurate (3-8 percent average growth/year)? Is this stupid to do in the middle of a pandemic? Why shouldn’t I do this? + +Any feedback, advice, thoughts would be greatly appreciated. Thank you all. +I'm 38, single and for most of my life I have been poverty level poor. My parents/ family knows nothing about finance. I don't have my degree yet but raised my income a lot in the last 4 years from 25k to 33 to 38 and now 55k. I'm not sure how long I'll be at my current job but I'm earning more $ for now & plan to continue to look for that type of upward salary. I got my 1st credit card at age 36 and raised credit limit from $300 to $9000 within a year, also raised my credit score 100+ pts but lost my damn mind last winter and have a whopping 6k in CC debt on top of $2200 in monthly expenses ($600 temporary travel expenses for a few months for work cannot make it cheaper for now). + +My score dropped over 100 pts and has only started to go up. I have to pay off the credit card debt & still save for an emergency fund as I just whipped mine out between jobs. I'm addicted to food delivery services so today I blocked one card from certain vendors, another card I froze so I can make payments until I've paid off the balance. I have some self loans that are helping my credit, the loan refunds will go to my ER fund and I'll have those in 6 months + tax refund. Once my debt it paid off I plan to have more self loans and a large % of my paycheck deposited into investments, savings and add on CD accounts and regular CD accounts. I'd like to eventually only have slightly more money available each month than needed so I can learn to be frugal, perhaps $200. + +I feel like the only way I can actually get my finances together is to pretend the money isn't there. Also going from poverty to middle class has been a mind trip, I can actually buy stuff now. I've never been able to stick to a real budget and failed miserably with my CC utilization within 6 months of my credit limit increasing. Any other suggestions or advice for how to avoid overspending? It's very hard learning good money habits at my age & I think the discipline will take years to get used to. +https://www.cnbc.com/2020/01/07/tesla-market-cap-surges-past-gm-ford-as-musk-celebrates-in-china.html + +Shares of Tesla have doubled in the last six months, giving the Silicon Valley automaker a market capitalization of roughly $84.4 billion. + +Tesla’s market cap is almost as much as General Motors and Ford combined. + +The combined market cap of GM and Ford is about $86 billion. +EDIT: Topline edit - Are you a data scientist or analyst? Have something to add to this? DM me and I'll add it to the thread and credit you for your work. + +Alright so here's what I've been researching this morning and where I'm currently stuck at. + +[According to Investopedia](https://www.investopedia.com/terms/p/paymentoforderflow.asp) all brokers are required by law to report all of their PFOF info and where they are routing our orders to. + +https://preview.redd.it/3opd3io345o81.jpg?width=613&format=pjpg&auto=webp&s=918c9813274a11d33b3ed61acf502dbb9060bc82 + +[Also here is the 334 page SEC Disclosure of Order Handling Information](https://www.sec.gov/rules/final/2018/34-84528.pdf) mentioned in the last bit in the above image made in 2018. + +Now - This is due to SEC rule [Rule 11Ac1-5](https://www.sec.gov/rules/final/34-43590.htm) which has this very interesting line in the summary that says broker-dealers are literally required by law to tell us where our individual orders were routed. Not just PFOF orders - but all orders. + +&#x200B; + +[I'm sorry what?](https://preview.redd.it/0ei6on8545o81.png?width=523&format=png&auto=webp&s=18a1052a969dc35a62ab8730595011b9229d6f20) + +Am I reading this correctly? Every single time we place an order with ANY broker, they are required by law to tell us where that order is being routed to? Not just PFOF orders - ALL ORDERS. So if we wanted to make sure we were actually receiving the "best possible prices" we can verify this? + +So in theory - if my order is going to my broker who is using Citadel as a - MARKET MAKER - they are legally obligated to report where each and every singular share is routed to. Right? + +So I got to thinking, why not just look up this Rule 605 / 606 disclosure from Citadel? It was actually really easy to find via a quick google search. + +Here is their monthly [Rule 605 and 606 Statements.](https://www.citadelsecurities.com/rule-605-606-statements/) The problem however is how these crooks format these statements. + +They are completely unreadable to anyone who doesn't understand their formatting rules. It's done like this on purpose so we can't go through the data easily. It's just a bunch of numbers broken down by ticker followed by a bunch of numbers between line breaks. + +*Helpful hint on navigating these - just Control+F and type in the ticker you're curious about.* + +As an example - here is GME & BBBY for January 2022 + +[Citadel's January 2022 GME 605\/606 Statement](https://preview.redd.it/os4j12cn45o81.png?width=1023&format=png&auto=webp&s=44cfd3bfd64094fd08ec6df1294bad159051156c) + +[Citadel's January 2022 BBBY 605\/606 Statement](https://preview.redd.it/o501y6vp45o81.png?width=1117&format=png&auto=webp&s=da9e10269d6dd363a6dae732df1ec7cc8ab5871f) + +See - this info is completely useless... + +So I thought - alright, lets sort these things out in a spreadsheet so they're easier to read and organize - but of course they aren't even able to be sorted because of how these guys input them with no spaces and|line|breaks|instead|to|make|it|difficult. Nothing is labeled - it's just raw data. + +Example: + +[asshats](https://preview.redd.it/qd2jp7ot45o81.png?width=853&format=png&auto=webp&s=3505384ec5074de005ff32483fb86e88e4fa1b24) + +So I used a little bit of sheets wizardry and voila - now we have this nice clean google sheet - which I [have made public for you all](https://docs.google.com/spreadsheets/d/11KaorBH5-Ly_oh-E9iyeVVA3TUNVj5L1Q0tNAV56BQc/edit?usp=sharing) to view/download at your convenience. + +It goes from Dec. 2020 - Jan. 22 + +&#x200B; + +[Like Magic\~](https://preview.redd.it/0e8ldy7v45o81.png?width=1470&format=png&auto=webp&s=857223fee22395fda9ffa7301aaf056bfc184fe5) + +All of the numbers on these sheets represent something.. Shares, dollars, brokers, dark pools, ftds, etc. It's our job to figure it out. This is where I'm stuck. + +The most interesting column to me is "Column Q" which shows certain values in positives and certain values in negatives. I'm wondering if that might actually be their profit/loss or how much above/below the NBB it is - etc. + +[Column Q](https://preview.redd.it/hr9rj8d285o81.png?width=104&format=png&auto=webp&s=d20dd109c5770ac61be1deb574916095aace2f91) + +This data needs to be compared and shared with our collective intelligence to make sense of it. + +In fact I even made a full tutorial on how you can do this yourself. It's all of 2 minutes long (super simple) Just in case you want to test this out on any other tickers, go back further than I did, or just look through Citadel's numbers - it's quite easy and done in just a few short steps. + +[Go to my Tutorial Here](https://youtu.be/RUhE7DtljXw) \- Note - the video is set to unlisted on my YT channel so unless you have the link or visit it from here it wont show up on my playlist. It's for us, not the world. + +**So what now? Why post all this?** + +Well - we know that we're all the best detectives on the planet. I figured giving the masses access to this data would help us start to figure this out in order to send something to the SEC or DOJ. + +It's all numbers and our brokers are legally required to tell us exactly where the shares being bought and sold are being routed to. I'm hoping this will help shed some light into the dark pools. + +I hope I've found something useful and new but if not sorry for wasting your time. + +Cheers Apes. Happy Friday + +&#x200B; + +# UPDATE CREDIT TO u/EtoshOE for finding the answer to the columns values! + +Answer - [https://old.reddit.com/r/Superstonk/comments/th0ws5/citadels\_rule\_605606\_statements\_unmasked\_im/i15n9uy/](https://old.reddit.com/r/Superstonk/comments/th0ws5/citadels_rule_605606_statements_unmasked_im/i15n9uy/) + +\>! On Citadel's page they link the SEC FAQ + +Question 1 on the FAQ: + +>A description of each of the fields may be found in paragraphs (a)(1) through (a)(26) of Section VI of the Joint-SRO Plan. + +So I searched Joint-SRO Plan which can be found here: [https://www.sec.gov/interps/legal/slbim12rappxa.htm](https://www.sec.gov/interps/legal/slbim12rappxa.htm) + +And here are all the items from 1 to 26, problem solved mate ;) + +VI. File Structure + +(a) Order and Format of Fields + +**Column A** (1) The first field in a file shall be the code identifying the Participant that is acting as Designated Participant for the market center under Section VIII of the Plan. The Participant identification codes are as follows: Amex - "A"; BSE - "B"; CHX - "M"; CSE - "C"; NASD - "T"; NYSE - "N"; PCX - "P"; Phlx - "X". + +**Column B** (2) The next field in a file shall be the code identifying the market center, as assigned by a Designated Participant pursuant to Section VIII of the Plan. + +**Column C** (3) The next field in a file shall be the six-digit code identifying the date of the calendar month of trading for the market center report contained in the file ("yyyymm"). + +**Column D** (4) The next field in a file shall be the symbol assigned to an individual security under the national market system plan pursuant to which the consolidated best bid and offer for such security are disseminated on a current and continuous basis. + +**Column E** (5) The next field in a file shall be the code for the one of the five types of order by which the Rule requires a market center to categorize its report. The order type codes are as follows: market orders - "11"; marketable limit orders - "12"; inside-the-quote limit orders - "13"; at-the-quote limit orders - "14"; near-the-quote limit orders - "15". + +**Column F** (6) The next field in a file shall be the code for one of the four order size buckets by which the Rule requires a market center to categorize its report. The order size codes are as follows: 100-499 shares - "21"; 500-1999 shares - "22"; 2000-4999 shares - "23"; 5000 or more shares - "24". + +**Column G** (7) The next field in a file shall be the number of covered orders, as specified in paragraph (b)(1)(i)(A) of the Rule. + +**Column H** (8) The next field in a file shall be the cumulative number of shares of covered orders, as specified in paragraph (b)(1)(i)(B) of the Rule. + +**Column I** (9) The next field in a file shall be the cumulative number of shares of covered orders cancelled prior to execution, as specified in paragraph (b)(1)(i)(C) of the Rule. + +**Column J** (10) The next field in a file shall be the cumulative number of shares of covered orders executed at the receiving market center, as specified in paragraph (b)(1)(i)(D) of the Rule. + +**Column K** (11) The next field in a file shall be the cumulative number of shares of covered orders executed at any other venue, as specified in paragraph (b)(1)(i)(E) of the Rule. + +**Column L** (12) The next field in a file shall be the cumulative number of shares of covered orders executed from 0 to 9 seconds after the time of order receipt, as specified in paragraph (b)(1)(i)(F) of the Rule. + +**Column M** (13) The next field in a file shall be the cumulative number of shares of covered orders executed from 10 to 29 seconds after the time of order receipt, as specified in paragraph (b)(1)(i)(G) of the Rule. + +**Column N** (14) The next field in a file shall be the cumulative number of shares of covered orders executed from 30 to 59 seconds after the time of order receipt, as specified in paragraph (b)(1)(i)(H) of the Rule. + +**Column O** (15) The next field in a file shall be the cumulative number of shares of covered orders executed from 60 to 299 seconds after the time of order receipt, as specified in paragraph (b)(1)(i)(I) of the Rule. + +**Column P** (16) The next field in a file shall be the cumulative number of shares of covered orders executed from 5 minutes to 30 minutes after the time of order receipt, as specified in paragraph (b)(1)(i)(J) of the Rule. + +**Column Q** (17) The next field in a file shall be the average realized spread for executions of covered orders, as specified in paragraph (b)(1)(i)(K) of the Rule. The amount shall be expressed in dollars and carried out to four decimal places. + +**Column R** (18) The next field in a file shall be the average effective spread for executions of covered orders, as specified in paragraph (b)(1)(ii)(A) of the Rule. The amount shall be expressed in dollars and carried out to four decimal places. + +**Column S** (19) The next field in a file shall be the cumulative number of shares of covered orders executed with price improvement, as specified in paragraph (b)(1)(ii)(B) of the Rule. + +**Column T** (20) The next field in a file shall be, for shares executed with price improvement, the share-weighted average amount per share that prices were improved, as specified in paragraph (b)(1)(ii)(C) of the Rule. The amount shall be expressed in dollars and carried out to four decimal places. + +**Column U** (21) The next field in a file shall be, for shares executed with price improvement, the share-weighted average period from the time of order receipt to the time of order execution, as specified in paragraph (b)(1)(ii)(D) of the Rule. The period shall be expressed in number of seconds and carried out to one decimal place. + +**Column V** (22) The next field in a file shall be the cumulative number of shares of covered orders executed at the quote, as specified in paragraph (b)(1)(ii)(E) of the Rule. + +**Column W** (23) The next field in a file shall be, for shares executed at the quote, the share-weighted average period of time from the time of order receipt to the time of order execution, as specified in paragraph (b)(1)(ii)(F) of the Rule. The period shall be expressed in number of seconds and carried out to one decimal place. + +**Column X** (24) The next field in a file shall be the cumulative number of shares of covered orders executed outside the quote, as specified in paragraph (b)(1)(ii)(G) of the Rule. + +**Column Y** (25) The next field in a file shall be, for shares executed outside the quote, the share-weighted average amount per share that prices were outside the quote, as specified in paragraph (b)(1)(ii)(H) of the Rule. The amount shall be expressed in dollars and carried out to four decimal places. + +**Column Z** (26) The next field in a file shall be, for shares executed outside the quote, the share-weighted average period of time from the time of order receipt to the time of order execution, as specified in paragraph (b)(1)(ii)(I) of the Rule. The period shall be expressed in number of seconds and carried out to one decimal place. !< + +# Citadel's 605/606 shows exclusively T, NASD is the National Association of Securities Dealers which is the predecessor to FINRA + +# NASD is literally FINRA +I’m a newer investor. I had a huge chunk of money in my savings that was sitting around doing nothing during the pandemic. I saw that oil prices were so low in Nov 2020 I knew that if we got out of Covid, that the world would be moving again. + +Long story short I’m invested in about 5 different oil companies and an energy ETF through vanguard. I am up 120%. + +(I do have and hold many other stocks and ETFs Tsla, apple, etc) + +I have family that has held energy stocks for 40+ years. And I worry about them and myself if we hold them too long. I will be inheriting them. + +My question is, in 20 years, do you think energy(oil/gas) will be a dead investment? Or do you think even though the energy transition, these investments should be safe? I wonder as these majors are planning other ideas (such as wind farms, etc). +This is in response to a comment that was made exactly one year ago by /u/Alienm00se: + +https://www.reddit.com/r/politics/comments/3pro4r/goodbye_middle_class_51_percent_of_all_american/cw90j8y/ + +He speculated that the market is headed for a crash, and it was a good idea to sell out of large caps over the next year and start investing in hedge positions to shield against the crash. He also speculated that gold is going to possibly drop to $850/ounce, and it would be a good buy when it drops below $1050. I set a reminder to see where we are a year later. + +Well, guess what happened? No surprise here. + +The closing price of the S&P 500 on 10/21/2015 was ~~$2018~~ $2052. + +The closing price on 10/21/2016 was $2141. + +The S&P 500 is actually up ~~6%~~ 4.3% even after the tumultuous roller coaster ride we've had this year. Certainly, ~~6%~~ 4.3% pales in comparison to the raging bull market we've had where we've seen it soar 20% in one year. However, it is still a decent return. Periodically selling off during the past year would have resulted in missing out on those gains as well as possibly locking in some losses since we had a few months where the market fell and then rebounded. + +[Gold did not go below $1050 once all year. The lowest it was all year was exactly $1050.80 on Dec 17, 2015.](http://goldprice.org/gold-price-history.html) Today it is $1266. That being said, [I still do not recommend gold as an investment](http://www.aaii.com/files/images/articles/9298-figure-1.jpg). + +[The most prudent advice is, as Warren Buffett recommends, invest in low-cost index funds, and invest long term.](http://www.fool.com/investing/general/2014/08/10/why-warren-buffett-thinks-putting-your-money-her-2.aspx) + +Your buddy who's got a hot stock pick? Forget it. Some conspiracy theorist on reddit says the market is overvalued and headed for a crash? Not a chance. Buy index, hold long, don't try to time the market. + +S&P Historical closing data source: http://www.marketwatch.com/investing/index/spx/historical + +EDIT: I had the original value wrong. It was $2052, not $2018. +Had a bad three months in terms of events, first accident so had to pay excess out of pocket (100% my fault) + +Then new policy was due in literally 2 weeks after my accident and I usually like to pay my policy in one sum (which increased by 30% YoY) + +then a few days ago some scum bags ripped the catalytic converter from my car, another £700 to repair/replace and get a cat shield. + +thanks to my emergency fund I was safely able to pay for all these events, my fund is a little lower now but I can spend the next few months paying into the fund instead of my Vanguard ISA then switch back when I've got 6 months to go. + +Before reading this sub I had no concept of an emergency fund, I would usually use all my money and not save that much. + +Thank you! +Beyond Meat is not a favorable play over the next few years because the factors driving its generous pricing ($158.28 per share, F/PE 277) will only weaken as direct competitors go public and proven competitors grow market share. + +Similar to Virgin Galactic existing as the only public space tourism company, Beyond Meat is the only public company solely producing plant-based meat alternatives. This has multiple major implications. Since going public, Beyond Meat has seen considerable price appreciation simply because other meatless competitors, like Kellogg, Kraft Heinz, and Tyson aren't solely devoted to producing plant-based meat alternatives, thus BYND is seen as a pure play in the sustainable food space. Because of this favorable positioning, BYND benefits from multiple types of catalysts that inflate their stock price. + +1. Because of the limited environment for investing in plant-based meat producers (i.e. the only public one), Beyond Meat is inherently the go-to purchase for investors, which artificially drives up stock price. As competitors like Impossible Burger going public, and public competitors like Tyson, Kellogg, and Kraft Heinz grow their R&D and production of plant-based products, BYND loses this unique investment advantage and will see less price appreciation as a result. +2. Because of the limited environment for investing in plant-based meat alternatives (and point #1), Beyond Meat's share price irrationally appreciates when the general industry receives favorable news. Similar to point #1, as the number of investment vehicles for this industry grow in number, the upside of favorable industry developments weakens. + +Considering #1 and #2, even if Beyond is able to gain [mainstream adoption](https://www.marketwatch.com/story/beyond-meats-stock-is-wildly-overpriced-even-if-business-expands-perfectly-2020-05-08) as a permanent alternative to meat over the next few years, increasing players in the space will average out the "hype" that has driven this inflated stock price. With an average P/E ratio of 25 among Consumer Defensive companies, Beyond's $10 billion dollar valuation and F/PE of 267 only has room to decrease, as juggernaut competitors have greater cash flow to fund development and expansion of meat alternatives. + +I would monitor the sector for catalysts (to the downside) in events like IPOs, significant developments in the sales/profitability of publicly traded competitors' plant-based meat sales, and new competitors altogether. +In yesterday's [thread about timing the market](https://old.reddit.com/r/financialindependence/comments/kg7mym/i_graphed_out_all_the_guesses_from_the_contest_to/) there were a lot of people who talked about buying stocks on the way down, either towards the end of the drop or throughout the drop. + +This leaves out one important thing: They *had* money to put into the market on the way down. If so, that also means they didn't have that money in the market *on the way up*. + +Once you have your allocation set (e.g. 80% stocks / 10% bonds / 10% cash), you should stick to that allocation. Sacrificing your cash position (or worse, your emergency fund) to buy more stocks could work out well, but it could be a disaster too. And if you had extra cash just sitting around that was available to buy stocks, then you almost certainly missed the chance to use that cash in the run-up before the drop. + +Don't time the market. Choose your allocation and stick to it. Dollar Cost Averaging is fine, but that should be an automatic process that is independent of what the market is doing. +I have a sibling that works at (a major US financial institution) as a manager and I had jokingly made a comment about diamond handing, to which he asked if I was talking about cryptocurrency. I told him no, it's a GameStop joke. He quickly went off the deep end into a 20 minute rant that I shouldn't waste my money because it's a dying company hyped up by social media in an effort to fuck over hedge funds. He kept spewing nonsense about how people are underestimating the amount of money and tricks they have up their sleeves and there's no chance of winning. I asked him if he remembers 08 and how things led up to that economic fallout, and he's like "nah this is nothing like that these banks are covered this time." I asked him why he's so certain this is a waste of time and he told me "look man, they have ways of keeping a stock price down that you'd never understand to keep people like that in check." I responded to him with "oh, you mean like naked short selling on FADF through a dark pool and routing buys through {insert exchange here, redacted because what I said was wrong} to keep the price from going up? Or do you mean how they can squeeze penny stocks to pad their books to avoid a margin call?" He didn't respond to any of this. He just answered with "man it's a dying company." I just laughed and said "no worries bro I've only got like five bucks in it to see where it goes." Then we moved on to another subject. + + +I hate that I learned my brother is a shill. But he doesn't need to know I'm an XXX 💎👐🦍and when this 🚀goes to the 🌕 I will not be coming back to save his sorry ass. + +Edit: institution name removed + +edit 2: please excuse my incorrect explanation of hf tricks, I bluffed him and won. Smooth bain here. + +Edit 3: let me be clear about something, I am well aware that I spewed a bunch of invalid nonsense at him. I lack the wrinkles to explain without actively looking at resources. I do, however, know my brother very well. This interaction proved to me that he is a mouthpiece for the institution where he works and it gave me a very good idea of how they talk and the psychological state of their business. That alone is confirmation bias for me. +Firstly, this is not financial advice. Okay my good simian brothers and sisters, I see the shills plan F and they have been working hard to execute it. In order to understand how the infinity squeeze works and how shills are trying to kill it, you need to understand how fails to deliver work. Since we have been in this for many months now, I'm going to keep this relatively simple for ya. + +When a market maker doesn't have the shares on hand but sells them anyway, this creates "synthetic shares" (naked shorts, yeah) which if not fulfilled with real shares, creates a fail to deliver on the books. This is a big problem for shorts when attempting to close positions because a short position cannot be closed with a share that fails to deliver. This is why locking the float is so important, if the float is locked up in DRS then shorts cannot cover and it creates a FTD loop and supply/demand crisis aka MOASS. This is the infinity squeeze. + +Shills are TERRIFIED of the infinity squeeze and so they are doing the one thing left to them, their only move left on the chess board. Convince apes to sell them real shares from CS during MOASS. You hear tons of this shilling from all angles now - "Don't deal with brokers at all, Register 100% with CS! Its easy to sell from CS!" Now let me ask you something... If you register 100% of your shares DRS, then what are you going to sell during MOASS? Let me answer for you- Real fucking registered shares, right back into the hands of Short Hedge Funds. This is NOT THE WAY. + +What I have done is registered a large percentage of my shares in CS that i NEVER INTEND TO SELL. The shares I intend to sell during MOASS are kept in my Fidelity account. They have been the best friends of Apes throughout this battle and I feel like they deserve to hold my synthetic shares that I will sell back to SHFs. My DRS Computershare shares are my infinity shares which will KEEP the float locked. (KEEP the float locked, not lock it for 5 minutes then sell SHF's real shares back to resume fuckery... come on guys...) + +EDIT- TLDR - Registered shares from CS [are not held on the books of the dtcc](https://twitter.com/Computershare/status/1445478903070429184?t=FdTZYfkuSdItoXLbknmwnA&s=19) and so they cannot be used for crime. By unregistering them, (selling from CS) you give them real registered shares back they can use to "locate" synthetics again. (fraud/crime) + +ELIA5- By registering shares, you remove DTCC crime ability. By unregistering them, you give them their crime ability back. + +Edit2- A position can't be closed with a fail to deliver because... It fails to deliver. You get it? It's like the transfers from RH that are failing because RH doesn't have the security. They failed to deliver the shares. So... If it's not on the books of the DTCC, they can't "copy/paste" that share and it fails to deliver. + +That is all. This has been a public service announcement from BSD. +YOU GUYS HAVE BEEN VERY HELPFUL! Thanks for the answers :D + +Hey GUys im new to forex and I want to succeed, How much can I realistically make with 30k risking 2% of my account with a 1:2 maybe 1:3 avg trade per month. + +I know lambo status will take 4-5 years with a big enough capital to trade with, but I really just want to be able to make anywhere from 3-5k a month off trading. I see many people doing 5k a day with 100k accounts... can I believe them? + +&#x200B; + +I see people saying things like 40 percent a year is incredible, which seems kinda low. + +ALSO is ftmo real? from your personal experience, let me know. + +EDIT: the point is I'm scared and I'm seriously doubting my abilities, i flipped a 50k into 100k (i know, not realistic and stupid) and then i decided to take it seriously with a demo and stick to my plan, journal and my rules, made 12k In two weeks off a 50k account. I'm debating if I'm good enough to give ftmo(10k account $150) a try or maybe do a 1-2 k live money account +Hello, I'm new to trading, specifically Forex on Oanda. This is my first time going on Reddit or other sites just reading up on trading and it seems everyone only talks about blowing accounts and only 1% of traders are successful? I've started with $500 and I am currently at $855 and I just started last Monday. I don't do anything special just verify my indicators and trends with different time frames. Is the negativity mostly because successful traders don't have time to be on Reddit posting? Am I just having beginners luck? I know I could of had bigger profits, but I like following my trades with a trailing stop and I've noticed on some trades the candle will go negative, hit my trailing then continue into the profit but at that point I'm already out of the trade. In the beginning I saw it as a missed opportunity but now I just see it as guaranteed profits Also, once I get into a trade, if it goes negative over 10-15 pips, I'll enter another position since I'm confident in my trend patterns and indicators. Once I hit my profit or trailing, I erase all my indicators so I don't go back and question myself. Just wondering if I'm doing it right. So many posts about if you deposit $500 you'll blow your account so I'm wondering if this is inevitable or if I'm being too optimistic. Thanks. +If you’re actually investing and not just gambling you should know that we’re still in the very early days of all of this. I wouldn’t be surprised at all if 10-20 years down the road we are all using coins that we haven’t even heard of yet. + +I guess my sentiment here is that the front page of r/CryptoCurrency is full of fear coddling posts. If you are actually INVESTING in the tech, you shouldn’t be worried. But if you threw half your bank account into shib and are hoping to retire then I don’t know what to tell you. + +TL:DR THE GAINS HAVE BEEN ORERED, ESTIMATED SHIPPING TIME: 3-10 YEARS +Tldr: buy hodl DRS -- lock the float and let them sort it out. + +They are buying time. + +Waiting for the fallout to happen before action is taken. + +It's a straight play from 2008, where they didn't do shit until granny realized her life savings went down the drain and she had to find work as a greeter at your local grocery store. + +Lots of lip service. Don't believe it? + +Rob a bank and get expedited processing to jail. + +Get robbed by the bank and hope they turn themselves in with the new DOJ proposal for "voluntary self-disclosure." Great, so just wait for banks to turn themselves in? sounds like a bad joke. + +Also, they imposed a 10 year limit on past crimes committed for white collared crime. Sounds perfect, just out of 2008 reach. + +Looking at you Bank of America, JP Morgan, and Goldman Sachs -- and the rest of you crooks. + +Nothing has changed, 1 year later since DOJ made a public statement. + +I'm sure they're still investigating the investigations conducted by Congress, you know the one when DFV had to testify. + +Maybe they can review the Fed's financial stability report on Retail traders and meme stocks? + +Or how about the SEC meme stock report? + +Or perhaps that other, other one with Maxine Waters and the removal of the buy button? Oh gee, guess they need more evidence on evidence about the evidence of market manipulation. + +Give me a fucking break. + +All these reports, millions in wasted tax dollars, and still nothing to show. + +Call me extremely cynical but the only hope I have left is to lock up everything and I'm not talking about regulators or enforcers goin after bad guys. + +I'm talking about Direct Registration System - lock up all the shares 100% and expose all this bullshit. Tomorrow I will revenge buy direct from Computershare 🟣🏴‍☠️ + +Link to DOJ press release - https://www.justice.gov/opa/speech/deputy-attorney-general-lisa-o-monaco-delivers-remarks-corporate-criminal-enforcement + +Link to SEC "meme stock report" - https://www.sec.gov/page/sec-staff-release-gamestop-report + +Link to Maxine Waters report - https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409578 + +Link to Feds financial stability report, pg. 18 - +https://www.federalreserve.gov/publications/files/financial-stability-report-20211108.pdf +Guten Morgen to all of you Great Apes acroth the world! 👋🦍 + +First of all, I'd like to thank you all for thicking with the thread yesterday despite the ithues that Reddit was having. I hope things go a little thmoother in today's thread, but if not I'm glad to be tharing the challenges with you delightful bunch of apes. + +Wednesday was another great day to HODL GME. Despite a great start in the German markets, a combination of continued short-selling and low volume kept the price moving sideways. Apes proudly competed in games of "show me your largest cost-basis", which will of course become "cost-basis for ants" once the MOASS starts and the FOMO crowd buys in on the way up. u/atobitt was back with some [excellent new investigation](https://www.reddit.com/r/Superstonk/comments/ooptc3/i_aint_hear_no_bell/) of some FINRA data. It's clear at this point that we're in a waiting game, and while it's not always easy to HODL, it sure is a lot easier than the circus of tricks that the short hedge-funds have to perform daily to put off their ultimate demise. Diamantenhände will be here when that day comes. + +Today is the penultimate trading day this week, Thursday, July 22nd and you know what that means! Join apes around the world to watch low-frequency updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$182.68 / 154,93 €** *(volume: 941)* +- 🟩 115 minutes in: $182.68 / 154,93 € *(volume: 924)* +- ⬜ 110 minutes in: $181.50 / 153,93 € *(volume: 869)* +- ⬜ 105 minutes in: $181.50 / 153,93 € *(volume: 866)* +- ⬜ 100 minutes in: $181.50 / 153,93 € *(volume: 856)* +- 🟥 95 minutes in: $181.50 / 153,93 € *(volume: 855)* +- 🟩 90 minutes in: $181.52 / 153,94 € *(volume: 855)* +- 🟥 85 minutes in: $180.37 / 152,96 € *(volume: 804)* +- ⬜ 80 minutes in: $184.65 / 156,60 € *(volume: 421)* +- ⬜ 75 minutes in: $184.65 / 156,60 € *(volume: 368)* +- 🟥 70 minutes in: $184.65 / 156,60 € *(volume: 239)* +- 🟥 65 minutes in: $184.83 / 156,75 € *(volume: 239)* +- ⬜ 60 minutes in: $184.88 / 156,79 € *(volume: 224)* +- 🟥 55 minutes in: $184.88 / 156,79 € *(volume: 224)* +- 🟩 50 minutes in: $184.92 / 156,82 € *(volume: 224)* +- ⬜ 45 minutes in: $184.89 / 156,80 € *(volume: 224)* +- ⬜ 40 minutes in: $184.89 / 156,80 € *(volume: 224)* +- 🟩 35 minutes in: $184.89 / 156,80 € *(volume: 222)* +- ⬜ 30 minutes in: $184.83 / 156,75 € *(volume: 222)* +- 🟥 25 minutes in: $184.83 / 156,75 € *(volume: 220)* +- 🟥 20 minutes in: $184.92 / 156,82 € *(volume: 210)* +- 🟥 15 minutes in: $184.95 / 156,85 € *(volume: 210)* +- 🟩 10 minutes in: $184.99 / 156,89 € *(volume: 210)* +- 🟩 5 minutes in: $184.98 / 156,88 € *(volume: 210)* +- 🟥 0 minutes in: $184.92 / 156,82 € *(volume: 0)* +- 🟥 US close price: $185.81 / 157,58 € *($185.81 / 157,58 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.17914934. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler, following their sudden disappearance after Memorial Day. I also am worried, as I had tried to make contact many times and never received a direct response. Three weeks ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the curator of the series. I've been serving as host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Has anyone got any experience with swiss private banks? I contacted some of them and don't really understand all the fuss. They offer some underperforming proprietary funds with exobirant fees und crazy expensive accounts and cards without any real perks. + +After comparing conditions looks like as a European I can get much better conditions using a combination of IB and my normal local bank. + +Am I missing something here? My NW is about 10m, is it getting more attractive at some higher level? +**Note**: BlackBerry is NOT a cyber security company. They are a *security company*. Revenue does not care about your AI driven autonomous machine learning EV car with DDs. People are using these terms loosely. A quick lookup for interviews with John Chen would prove that he explicitly avoids these terms as they do not define nor matter to the products/revenue of BlackBerry. QNX revenue does not depend on any of these terms, it's on installation on any device. This includes the space station, of which there is 1 of with obviously non-recurring revenue. Buying based on these basis would be gambling. + +**Bull**: + +* Business transformation: BlackBerry is now a software company, starting the transformation in 2015. The focus is security, the general term. +* 5 Products: + * QNX: Embedded system OS. + * Multi-OS housing: It has the capability to allow for multiple OSs on a single chip. + * Real-time availability/software prioritization: Not all pieces of software operate on the same priority. Steering/braking would be higher priority than media, and QNX allows for that. Even if the thread/core is shared with other applications, when high priority software is requesting a resource it will be prioritized to ensure reliability. + * Resource sharing: CPU, RAM, and GPU resource sharing between different applications capability. Two applications can share the same CPU core and bump each other based on prioritization. + * Why not Linux? QNX has the highest certification for security available. Linux does not. CEOs would want to avoid liability and this certification allows for that. + * Device agnostic: It can be installed on any device, not just cars. Any IoT and offline device can use QNX. + * QNX Hypervisor: Consolidate multiple OSs on a single SoC using virtualization + * SoC: System on a chip. Instead of using multiple ECUs, which is what car manufacturers currently do, they can use one single chip to run multiple high priority applications and multiple OSs. This is what Tesla does now. + * Virtualization: Running an OS in a virtual environment. Think Linux environment inside of Windows. This helps with debugging for developers without having to have the actual hardware. + * IVY: Scalable cloud-connected software platform for vehicles. + * What is it a solution for? When a vehicle manufacturer wants a way to transmit the QNX/OS data safely, normalize it, and visualize it/interact with it. It also allows car manufacturers to own the data, unlike other OSs. + * Scalable: AWS servers are capable of handling the load from many endpoints. + * Software platform: There is currently no centralized software ecosystem for vehicles. IVY is providing that. + * Non-BB developers would be able to use an SDK to develop applications on IVY for infotainment/general apps/others. IVY will also use ML to gain insight on unrecognized patterns by developers. An example of this is detecting if a car slipped, without having the developer connect multiple sensors to figure out if that event happened. + * 50/50 joint effort on revenue and effort to develop the ecosystem. Using AWS's knowledge in AI/ML for calculated sensors (slip, driver on seat, etc) + * Usage by other vendors: A city can connect to the data from vehicles and detect when ice/slipping is happening. If brakes are getting overheated coming from a high elevation area. If a car had an accident, etc. An insurance company can provide an app to give discounts similar to the currently implemented OBD-2 readers. A maintenance provider can also connect to this data and check if an error is specific to maintenance, malpractice, or general misuse. + * Spark: Endpoint management. Basically API security. Did not delve far into this, basic info. + * Unified Endpoint Security: This is the endpoint where a laptop/phone/IoT device hits. It provides encryption and security around that. Continuous authentication is a part of it, where a device is learning the user behavior using ML and continuously checking if the behavior matches the original owner; if not, lock the device. + * Unified Endpoint Management: Basically managing your API for devices. + * Zero trust: I think this is specifically talking about continuous authentication. Basically, it's not an authenticate once and forget it. It's constantly tracking behavior to verify the user is the authenticated user. + * AtHoc: Non-enterprise communication system. + * Target customers: Government, healthcare, education, etc. + * Solution: A communication system targeting non-enterprise businesses; specifically for Event management, cross organizational communication/collaboration, mass notifications. + * Who does this benefit? You've seen the hacks in healthcare/educational/governmental sector. This is specifically for them. + * SecuSUITE: Phone application to allow employees to use work related data in personal devices without cross communication (between personal and work data). + * End to end encryption. + * Separation of concerns between personal and work data. Employers CANNOT access your personal data. + * Used by NATO; doesn't carry much value in my book but maybe in yours. +* Customer oriented solutions: As you've seen in the products above, some products overlap and are just names to target specific customers. It allows customers to easily understand what product could solve their issue. Continuous authentication is a great example of this: Their customer complained that they kept re-authenticating, so they designed a solution allowing them to authenticate once and using ML they learned their behavior and can continuously check if the user is the owner/authenticated user. This kind of passion in leadership is good for business. +* Liability: QNX has the highest security rating available. Most CEOs want to avoid liability when it comes to security, using QNX would help them avoid that in a similar way cloud services help them avoid being blamed for hacking. +* Leadership: BBs leadership isn't one to play on famous words to drive the stock up. John Chen explicitly states this in his interviews and says they are a security company. Not cyber, doesn't mention AI or whatever. He explicitly avoids meme words and understands what the point of BBs business is. + +Where I think growth can be made: + +1. QNX in more cars. They can capitalize on the idea of less ECUs = less cost for OEMs + security. +2. IVY usage by OEMs along with QNX. +3. IVY ecosystem. Maybe application billing? +4. Professional services (support) for the products listed. +5. AtHoc increased market share in more governmental/healthcare/educational entities. +6. SecuSUITE for more enterprise customers with the idea being saving employers money from purchasing work phones for employees, and worrying about securing them. + +**Bear**: + +* Revenue: It is not yet based on a subscription/usage basis. You can only produce so many cars, and they don't give an insight on how much do they charge per car for QNX. Anywhere from $2 - $20 is what was mentioned in transcripts. This is a growth area, but not at a trajectory that's excellent. IVY does work on a subscription/usage basis, but IVY can be used WITHOUT QNX. I'm worried about this, but still see it as an area that will generate revenue in the range of $400 MM - $600 MM at the price of $20 per 30M cars. The 30M per year is based on the listing of their customers and their yearly production rates. Keep in mind I stated any device, this does not include trucks or other IoT devices. +* Market share: These are relatively new products. J.P. Morgan pointed this out as a priority for growth. This could end up not working out and growth never happens. This is a relatively low risk due to QNX and IVY providing SO MUCH value for car manufacturers Vs. other products in the market. +* Patent revenue: They sold a chunk of their no longer relevant patents to Huawei. This makes up a small (<= 32%) of their revenue and is a one time sale. The coming quarter could be equal or less to the last quarter revenue due to either other sales making up the lost revenue from patents, or coming up short. It could come higher if they sold more services, but due to COVID and knowing that many car manufacturers have lowered their production due to chip shortage, the next quarter will most likely be lower. +* VW.os: VW is making their own OS. VW.os is what they're calling it. They're currently using QNX, but that revenue could potentially stop. Personally I don't believe VW is capable of doing that. It's a marketing hype. Their companies are not capable of good collaboration or good implementation based on what I've read and researched (can't find article right now), but it's something to be concerned about. +* QNX success: While IVY could be using QNX, it does NOT depend on it. There is potential for OEMs to use IVY without QNX. I think this is a low risk, but still risk. 19 OEMs are already using QNX. +* Lack of Answers: I can't get much out of their earnings call. They don't delve into pricing for QNX, how they plan to grow it besides getting more car manufacturers and more cars post Corona. How they plan to do recurring revenue. A breakdown of each revenue segment would be helpful, but I don't see that either and there is hesitancy to delve into it. + +**Prediction**: I think QNX can become a $1B revenue per year alone. $2B revenue per year as a company is not far fetched. Without a subscription/usage based model, it is difficult to see how growth can go beyond that. BB is good in 2-5 years, not this year. I can see their revenue growing to potentially $2B - $4B revenue per year. They did mention trying to figure out a subscription/usage based billing, if done then the revenue would be much higher. I think $18 is a fair price on the high end. It could grow further than that, but expectations would be HIGH. + +**Resources**: + +1. John Chen interview: [https://youtu.be/\_hQQlCWMrQA?t=313](https://youtu.be/_hQQlCWMrQA?t=313) +2. John Chen interview: [https://youtu.be/FNdbGhun2E8](https://youtu.be/FNdbGhun2E8) +3. J.P. Morgan IVY presentation: [https://cache.webcasts.com/content/jpmo001/1416508/content/58ffe5daaa24e738fdef0d065b9b15077892ea63/pdf/secured/BlackBerry\_-\_Winter\_2020-21\_Investors\_Deck.pdf](https://cache.webcasts.com/content/jpmo001/1416508/content/58ffe5daaa24e738fdef0d065b9b15077892ea63/pdf/secured/BlackBerry_-_Winter_2020-21_Investors_Deck.pdf) +4. IVY: [https://blackberry.qnx.com/en/aws](https://blackberry.qnx.com/en/aws) +5. QNX: [https://blackberry.qnx.com/content/dam/bbcomv4/qnx/software-solutions/embedded-software/qnx-neutrino-rtos/pdf/QNX-Neutrino-Product-Brief-v7.pdf](https://blackberry.qnx.com/content/dam/bbcomv4/qnx/software-solutions/embedded-software/qnx-neutrino-rtos/pdf/QNX-Neutrino-Product-Brief-v7.pdf) +6. QNX Hypervisor: [https://blackberry.qnx.com/content/dam/qnx/products/hypervisor/hypervisorGEM-ProductBrief.pdf](https://blackberry.qnx.com/content/dam/qnx/products/hypervisor/hypervisorGEM-ProductBrief.pdf) +7. QNX Tools: [https://blackberry.qnx.com/en/embedded-software/qnx-software-development-platform](https://blackberry.qnx.com/en/embedded-software/qnx-software-development-platform) +8. Spark UEM: [https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/guides/guide-blackberry-spark-uem-suites.pdf](https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/guides/guide-blackberry-spark-uem-suites.pdf) +9. Spark UES: [https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/briefs/Solution\_Brief\_BlackBerry\_Spark\_UES\_Suite\_Final.pdf](https://www.blackberry.com/content/dam/bbcomv4/blackberry-com/en/products/resource-center/resource-library/briefs/Solution_Brief_BlackBerry_Spark_UES_Suite_Final.pdf) +10. AtHoc: [https://www.blackberry.com/us/en/products/blackberry-athoc](https://www.blackberry.com/us/en/products/blackberry-athoc) +11. AtHoc in healthcare: [https://www.blackberry.com/us/en/products/blackberry-athoc/healthcare](https://www.blackberry.com/us/en/products/blackberry-athoc/healthcare) +12. SecuSUITE: [https://www.blackberry.com/us/en/products/secusuite](https://www.blackberry.com/us/en/products/secusuite) +13. Customer oriented solutions - continuous authentication: Start the video at 5:04: [https://www.blackberry.com/us/en/events/security-summit/2020/video-details/work-anywhere](https://www.blackberry.com/us/en/events/security-summit/2020/video-details/work-anywhere) +14. Easier link: [https://vimeo.com/497426347](https://vimeo.com/497426347) +15. VW OS: [https://electrek.co/2020/06/19/vw-to-develop-its-own-operating-system-but-dodges-question-about-id-3-software/](https://electrek.co/2020/06/19/vw-to-develop-its-own-operating-system-but-dodges-question-about-id-3-software/) + +**Position**: 1,500. + +**Disclaimer**: I don't know everything, I may be incorrect about some things. This is based on what I've researched and to the best of my ability. Do your own DD. Obligatory this is not an investment advice. + +&#x200B; + +Edit: This is the only sub with a lot of discussion. I appreciate y'all. + +&#x200B; + + 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +Edit 2: One day later, marked closed $18.03. Crazy. +Hello all! I am relatively new to following this community, but I have enjoyed the discussions and technical guidance that many of you have to offer. I consider myself a very financially-minded person (not a financial or investing expert by any means), however I am also a person who places balance and moderation above all else. For reference, I am 30M, married w/ no kids, in a HCOL city. + +While I genuinely have a lot of respect for those who are willing and able to micro-analyze their cash flows, optimize their retirement portfolios, and generally live a lifestyle well below their means, I also think that there is an important aspect of striving for FIRE that I don't think I've ever seen discussed here : *sometimes* spending a little extra money on things like nicer clothes, nicer car, going out to eat, etc, can actually benefit you in the long run as you work towards FIRE. Mostly I'm thinking of this in the context of one's professional life, but I'm sure you could apply this idea to personal management as well if you wanted to. + +Allow me to explain before I get criticized for being materialistic: + +* **Appearance** : In some professions, particularly sales and other client-facing positions, who you are (and *how* you come across) is just as important as whatever your product or service is. Whether we like it or not, people tend to be more impressed by and think favorably of others who are smartly dressed, well-groomed, and have a certain 'air of success.' Now, I know without a doubt that there is a limit to this, and we are all responsible for not getting too carried away. Nevertheless, in many situations, it can actually help to land a sale, secure a contract, or make a stronger positive impression on a potential employer or your current superiors if you are dressing and acting the part. In turn, this can help to propel you towards higher earnings and greater upward mobility in your career. + +* **Going Out / Socializing** : One thing that is commonly talked about both here and in other personal finance subreddits is minimizing going out and dining out. I agree with this 90% of the time, and my wife and I do fairly well to limit dinners out, buying lunches during the workday, etc. However, I think it can sometimes be beneficial to be willing to spend a little extra to go out. Going out for lunch with colleagues can strengthen relationships (hopefully with influential players and/or superiors). Networking events can be a fantastic way to meet industry players and can give you exposure to decision makers who might be able to facilitate a job change or open some unexpected doors. Sure, it costs more for objectively unnecessary eating and drinking (I'm looking at you, $150-a-plate networking dinner), but these things really can help you in the long run in my experience. + +* **Material Things** : Yes, your 2003 Camry might be running fine, but it's certainly antiquated in terms of safety and becomes a liability in some sense. Sure, maybe your old desktop computer that you've had for 8 years 'gets the job done,' but it's also possible that a newer machine might actually help you get stuff done a lot faster when you work from home. Personally, I am a big proponent of buying quality items and maintaining them. Spending a little more for nicer *things* can actually save you money in the long term as long as you take a little time to figure out the right choice. + + I'm sure I could ramble on about other things, but the TL:DR of this is simple: being smart with your investments and reducing your expenses is great, but sometimes *spending* money that on the surface seems frivolous (IE lifestyle inflation) might actually aid you in your quest for financial independence / early retirement. + +Anyways, this is just my 2 cents. I would really enjoy a discussion on this topic so please share your own thoughts and experiences! + +EDIT: I appreciate the input guys/gals. I'm glad to see that many people try to keep things balanced between frugal and comfortable. To people complaining about 'this gets posted all the time' - great. This is a specialty subreddit with one singular focus. Do you really expect a novel concept to be presented every day? +My wife and I are both about 50 and we are retiring this year. I wouldn't say we're wealthy but we have savings >$4M and plan to live a moderate but comfortable lifestyle. If we need more money or get bored, we'll go back to work in some capacity (but we don't plan on that). + +Anyways, I'm not sure that some of our friends and family really understand at all. On average we are retiring pretty young, not super young but certainly younger than a lot of people. A few people have made remarks that suggest they think we're rolling in money, and a few think we're crazy for walking away from our well-paying jobs (which was the hardest part of making the decision!) Any tips on messaging? I could lay the math out for people but honestly I don't really want to talk numbers specifically with people. I'd rather somehow get the point across that we're doing pretty well and are going to be fine. +The survey: [ CFO Signals™: Q4 2019 +Downturn concerns dampen 2020 revenue, earnings, investment, and hiring expectations +](https://www2.deloitte.com/us/en/pages/finance/articles/downturn-concerns-dampen-2020-revenue-earnings-investment-and-hiring-expectations.html) + +4Q19 Highlights: Downturn concerns dampen 2020 revenue, earnings, investment and hiring expectations. + +* CFOs’ views on the trajectory of the North American economy improved somewhat; views on Europe and China remain poor. +* Ninety-seven percent of CFOs say a downturn has either already begun or will next year; about 80% cite taking defensive steps. +* Trade wars and uncertainty remain CFOs’ top external worries. +* Expectations for consumer and business spending have declined since last year. +* CFOs are less likely than last year to expect higher industry revenue and prices. +* Own-company optimism rebounded, but remains relatively low. +* Revenue and capex expectations sit near three-year lows; hiring and earnings are among their nine-year lows. +* CFOs cite moving operations out of North America, and expansion rather than contraction in Europe, China, and “other Asia.” +* Contrary to a year ago, CFOs expect very low interest rates and 10-year bond yields; they again expect a strong US dollar. +* CFOs cite high pressure to act on climate change—mostly from their employees, customers, and boards; common actions +include increasing their efficiency of energy use, and including management of climate risk in governance processes. + +--- + +*How do you regard the status of the North American, European, and Chinese economies?* Perceptions of North +America leveled off, with 69% of CFOs rating current conditions as good (68% last quarter), and 23% expecting better +conditions in a year (up from 15%). Perceptions of Europe rose, but only to 7% and 6%; China fell to 18% and 11%. + +*What is your perception of the capital markets?* +Eighty-six percent of CFOs say debt financing is attractive. Equity +financing is considered attractive by 43% of public company CFOs and 26% of private company CFOs. Seventy-seven +percent say US equity markets are overvalued, up from 63%. + +*Overall, what risks worry you the most?* + CFOs express ongoing trade policy worries, with growing concern about political +turmoil, competition, consumer demand, and upcoming US elections. Internally, talent concerns continued, while concerns +around change, costs, and growth rose. + +*Compared to three months ago, how do you feel about the financial prospects for your company?* The net +optimism index rose from last quarter’s -5 to +11 this quarter, but remains among the lowest levels in three years. Thirty +percent of CFOs express rising optimism (26% last quarter), and 19% express declining optimism (31% last quarter). + +*What is your company’s business focus for the next year?* Although companies continue to focus mostly on growth and +investment, their growing focus on cost reduction and returning cash (multi-year highs) may suggest growing defensiveness +in anticipation of a downturn. + +*How do you expect your key operating metrics to change over the next 12 months?* YOY revenue growth +expectations slid from 4.3% to 3.7% (three-year low). Earnings rose from 5.6% to 6.0% (but still second-lowest in nine +years); capital spending edged up from 3.6% to 3.7% (still near its three-year low). Hiring fell from 1.6% to 1.1% (second- +lowest in six years). Dividend growth rose from 3.9% to 4.3%. + +*What are your economic expectations for 2020?* A minority of CFOs expect improvement in the US, Canadian, and +Mexican economies; expectations for consumer and business spending declined sharply, and those for labor costs rose. + +*What are the prospects for a US downturn and has your company taken defensive action?* Ninety-seven percent of CFOs say a downturn has already begun or will next year; compared to 1Q19, companies appear to be taking more defensive action—especially around spending and headcount. + +*What are your expectations for the capital markets in 2020?* +Contrary to this time last year, CFOs expect very low interest rates and 10-year bond yields for the next calendar year; they again expect a strong US dollar. + +*What are your expectations for your company in 2020?* +Compared to last year, CFOs are less likely to expect industry +revenue and prices to rise; they are mostly unlikely to make major changes to their strategy due to downturn expectations +or upcoming US elections. + +*Compared to three years ago, how has your company adjusted its geographic focus?* +CFOs cite a higher focus on US, European, Chinese, and other Asian markets, and expansion of capacity/operations in the latter three regions. + +*Are you getting pressure from stakeholders to act on climate change?* More than 70% of CFOs say their company is +under at least moderate pressure to act on climate change from at least one stakeholder group; the average is 2.5 groups. +Is your company taking action in response to climate change? More than 90% of CFOs say their company has taken +at least one action in response to climate change, with the average CFO reporting nearly four. + +*Does your company have greenhouse gas reduction targets?* Overall, 44% of all responding CFOs (52% of those who +know their status) say their company already has or is working on greenhouse gas reduction targets. +I was lucky enough to be able to buy a house on an FHA loan about 2 years ago before the market went bonkers here. My job and debt to income ratio was just barely enough to get it. I was only making $14/hr at my full time job and some extra money with my side hustle business. My wife’s mother had passed away and left her a double wide which we sold to cover the down payment on the house. My wife worked when she could, but she has issues that make it difficult for her to work. + +It’s been miserably impossible to keep up with everything. I don’t think they should have let us get the loan, because we are one big repair away from getting absolutely screwed. If we sell the house at what the market rate is going for, I can pay off my debts (about $16k worth) and have close to $50k left. That’s more money than I’ve ever had at one time in my entire life. I’m scared to not have a place to call home for a little bit while we look, but I’m even more scared of losing the house completely. My car is also 12 years old and knocking on 200k miles, so that’s a ticking time bomb as well. + +Is this the best decision? I don’t know, but it seems like my only one. We’re gonna use the money to put stuff in storage and find a new place to live, definitely renting. The anxiety of being responsible for my own repairs has been hell for me. Going to trade in the car and get one with some more life in it, hopefully. + +I’m pretty terrified, but things were not looking good, and a clean slate with a relatively large amount of cash seems like a good move, and hopefully I can use some of the money to build my business after we get settled and I can finally crawl out of this poverty hole and not get sucked back in. + +Wish me luck! +How do you feel that much of this sub complains about about being priced out of the property market whilst having much of the sub continue to invest in second and third properties? + +I find it ironic. +Despite many warnings from experts the economy in a verge of financial crisis, economy is still able to sustain growth. I understand that FRB & fall protection team are working hard to keep stocks up. My question is what could be the biggest trigger for imminent financial crisis. As a novice investor I listened to experts, however, almost every month & week someone is saying financial crisis is coming soon, yet it's been several years this trend is going. In your opinion, what could trigger next financial crisis? +Interest rate hike? Trade war? World War? + I like to know your idea. Thank you. +Excuse my elementary-level knowledge of the stock market.. but I want to understand a basic concept. I’ve heard that a rise in interest rates generally causes asset prices to decrease. Why is that? + +Wouldn’t it make some sense that if inflation is rising and the fed is printing money at a fast pace, that assets would rise since more money is in circulation? Again, I know this is a pretty silly question to some, but I just want to understand. Thanks! +Hi Reddit... + +I recently decided to trade into MNS - Magnis Energy as per below. Through out the month's I have been in and out of trades but I believe this will be my last one as it's a huge kick to the stomach. I honestly thought that the stock price would drop a few more pip's as I could buy at a lower price. + +If I held onto so called trade till yesterday I would been up $3968. + +Fucking spewing right now... + +Has any one has this happen to them before ? + +https://preview.redd.it/shi55n6rg1w71.png?width=1266&format=png&auto=webp&s=62a6b1f68f5e7bd6e7c6a9581c810d4f310581a0 +It was 2008 and people were talking about Soviet-style collapse. We'd have food lineups, riots, capital controls designed to keep us from being able to access the last of our money before the government could inflate it away into nothing. Stock up on gold and ammunition and fill your pantry with cans of tuna because our entire way of life was about to fall apart. + +In 2008 it was really possible to believe all of that, but I was an optimist. + +I was working for Teck, which had made an ambitious top-of-the-market purchase of five met coal mines. For those that don't know, met coal isn't burned to make power, it's a chemical reactant used to make iron. Prices were high and climbing, so we were making money hand over fist. After half a decade of good times, many in the industry thought we had entered a new world order in which mining, long a pathetic little corner of the stock market that turned hope and money into disappointment and losses, would finally enter the limelight. The teeming masses of poor Chinese were poised to rapidly ascend to western levels of wealth and prosperity, and they'd be taking as much steel and copper as we could give them. + +As someone in the industry, I can say that mining has a bit of a complex: high ego and low self esteem. We provide the materials from which the world is built; in return, half the world doesn't know we exist and the other half wants to ban us to protect endangered tree frogs or something. But now, all you city-slickers would look upon us with reverence: mining would take its rightful place in the sun, and anyone lucky enough to have gotten in on the ground floor would be fabulously wealthy, justly rewarded for being part of such a noble industry. + +I was 25 years old and bought it completely. + +So when everything started collapsing in 2008, I didn't sell. Armed with lots of disposable income, no children, no debt, and a low cost of living, I started buying Teck shares. "I'm still working here and the lights are still on, the price of met coal isn't too bad... fuck it, let's see what happens." I bought at $30, $20, $10, even $5. Sure, the company had just made one of the largest debt-financed acquisitions the industry had ever seen, but it would all be OK. + +And it was. The share price bottomed out at about $4 and then rose to $60. I had made one ridiculously lucky bet. + +Ever look at a graph and think how fabulously wealthy you could be if you'd bought, well, anything in late 2008 and sold it a year later? That could have been me. + +But I was to be a victim of my own success. "Holy fuck, I'm great at this. A quarter million dollars may be cool, but what if I can do this again? I could have a million dollars in cash before I'm 30!" + +Most of what I sold, I reinvested in other mining companies. Small shitty ones with some drill core and a prayer. I actually invested in my boss's startup venture (*facepalm*). I invested in gold miners. When share prices started dropping, I thought "DEAL OF THE CENTURY OMG!" and bought more. MINING IS THE FUTURE! I tried to catch falling knives. I doubled-down on failing investments. I based my decisions on graphs and hope, not balance sheets and income statements. I refused to sell because of pride and ego and an unwillingness to turn a paper loss into a real one. + +Now the mining industry is back in the gutter where it belongs and I have next to nothing. Teck shares are back at $4. This time I'm not buying any, but there's still a burning thought in the back of my mind: what if I'm missing out on the deal of a lifetime? What if I take just a little more of the money that I worked my ass off to earn and 'invest' it? This isn't a healthy mentality; it's more like those desperate and pathetic creatures you see humping slot machines and blackjack tables, hoping to turn it all around. + +I've done some soul searching and realized just how much of my self-worth I had tied up in this. The rest of you were suckers, following the herd like sheep, and by merely having the resolve to run in the opposite direction I got rich. All of my other failures in life - and they were numerous - didn't matter. + +tl;dr - Won big at yuppie gambling, thought I was really clever. Easy come, easy go. + +QYLD-35% +AWP and O - 20% +NUSI-15% +JPI-10% +SNY-10% +ABBV-10% + +If there is any suggestions you would add I would be open to ideas. + +Background information I'm 23 turning 24 in July I am in the military I currently put in 5% of my paycheck into my Roth IRA and the military matches (up to 5%), I'm currently trying to put 1K into stocks a month. My ultimate goal is to be able to earn enough dividends to be able to live off of. +So to preface, I have always bought cars in cash/never had a car payment. I have a 2005 Toyota Tacoma that is fine but doesn't really do what I want out of a car other than point A to point B (which isn't all I want from a vehicle) I'm looking into buying a 2018+ Mustang for around $30k. My monthly take home income is around $3200. These are my monthly expenditures: + +Rent: $1050 + +Utilities: $300-650 (depending on the season) + +Car Insurance: $170 + +Student Loans: $130 + +Credit Cards: $125 + +Food: $300 + +Gas: $250 + +Internet: $80 + +Haircut: $40 + +Hobbies: $120 + +Misc: $100 + +Gym: $30 + +This comes out to roughly $3045/m in spending. I know that is not enough to buy a car, but I will be getting a raise in the next 2 months that will raise my take home income to around $3600/m. My question is: does anyone have any advice on lowering my monthly costs to make it easier, without getting rid of things like hobbies. + +&#x200B; + +\*\*edit\*\* I am contributing towards a 401k through my company and I have around 6 months of expenses in an emergency fund saved up +Hello all! This is an odd question for this subreddit, but still very important for balancing mental health and financial freedom. + + +My parents have been getting on me about the need to take vacations for mental health reasons, and to spend more time with my immediate family. I struggle with taking vacations :( + +We do enjoy nature and being in more remote locations. Looking for the most cost effective vacationing strategy to do it once or twice a year. There are benefits and downfalls of each, but I'm not sure which would be the best option due to my lack of experience. + +Here is what I have so far: + +1) Purchase wooded lot and purchase used camper - Parents did this all while we were growing up. They eventually built a cottage on it maybe 15 years ago. + +Benefits: property generally won't depreciate or decay. Have the potential to build on it. It is yours. + +Downfalls: property taxes are really expensive since it is not a primary residence. Upkeep (don't really mind, but should be noted). Still have to buy a camper. camper will depreciate in value overtime. + +2) Purchase pop-up camper or cheaper hard side, and travel to camping sights. + +Benefits: lodging is cheapest while traveling. Another purchase, so we actually own it. Not tied to one location. + +Downfalls: camper/pop-up still depreciates. Maintenence/upkeep=?? Not sure how much of a savings this would actually be over just snagging a week's stay at a remote cabin. Even smaller campers/pop ups are expensive. Not sure if you'd get your return on investment to renting a cabin. requires additional cooking gear/stuff like that if you go with cheaper pop-up. No bathrooms/ + +3) Rent Remote Cabins + +Benefits: seems to be relatively cost effective at $150 ish a night at least around us.. usually have kitchens/bathrooms/wifi/whatever normal things most people like to have on a daily basis. No upkeep or maintenence. Minimal cleanup or teardown. Comfort seems to be better here than option 2. + +Downfall: all rental, so no return on investment. not sure if it is more expensive to do this elsewhere in the US. More required planning of locations. Harder to find a good cabin around the area you want to be in depending on location. + +100% just guessing here, but I would imagine the return on investment for option 1 would take a long time to catch up, and I miss being able to coumpound the interest on the initial investment over the years. + +Option 2 would keep more money in our pockets for investments, but would still be relatively cost prohibitive due to a smaller pop-up basically costing the price of a small used car. I'm not sure how quickly they depreciate either, or how long they last. + +Option 3 seems to be the cheapest long term from my guesses (could be investing the initial up front costs allowing coumpound interest, stuff like that), but I don't have enough experience with any of the options to tell for sure. + +Any thoughts? +We like it when VIX is angry! (Right?) I'm in limbo waiting on TastyWorks funds transfer, should be ready on Monday says support. Robinhood account is gone. How're your positions doing. Thoughts on future plays? +We like it when VIX is angry! (Right?) I'm in limbo waiting on TastyWorks funds transfer, should be ready on Monday says support. Robinhood account is gone. How're your positions doing. Thoughts on future plays? +Hi, Reddit. + +I need help. Long story short, my father helped an old lady out, and in response she gave him all of her assets and equity. This includes a chateau in southern France, three apartments near Lyon, a ton of wild land (classed as agricultural land), and thousands of boxes of old antiquities (her father was an antiquity store owner, and she kept all of his unsold belongings). + +My father is an artist. He has little to not grasp of the financial and business world, and I'm the only one in the family with any background in business (degree in mathematical economics---although that was more theory, and less financial). As a result, I need advice because due to taxes, we need a way to generate income. As an artist, that is tough. I cannot support him financially with my out-of-college-associate-level job. So, what would you advise? + +Further details to help you make an informed response: + +* The castle is old--800 years old. We just got water and electricity up and running last night. + +* It's not livable yet--it is filled with boxes and boxes of old things. I have film and video of a quick tour. A lot of things have molded. There are small animal carcasses. It needs work. + +* The three apartments are vacant and are all in the same building. The local bank is offering to buy them for 48k Euros each. + +* My father and I are both dual citizens (Franco-American). + +* Castle's valuation in 2010 was 1.2M Euros. + +I appreciate any and all recommendations. I don't have a firm grasp of France's real estate market nor where to even begin learning about it. That extends to the French legal and business realms as a whole. + +Thank you. + +Marth + +EDIT: Within the inheritance, there is 280k Euros. So far, we've spent ~40k cleaning up the castle (roof, electricity, clearing out the overgrown weeds, etc.). +He and his Mom have been in business for 20+ years combined, and he's willing to go 50/50 in the down payment (\~150K mortgage at 15%, 80k in renovations) with me to prove it works. To be honest, I haven't done much research in what to look for and possible red flags in deals like this, but basically they buy the house cheap (they find one out of hundreds that meet certain criteria), do \~60-80k in renovations, then sell it for a profit. The past ones they've done have all turned 60-200k in profits. + +&#x200B; + +So to you experts, what sort of red flags should I look for in a system like this? I'm attending their seminar soonish, so I'm going to do more reading personally, but I just wanted some immediate advice to keep in mind. +Hi guys, +Australia is potentially going to be releasing a 40-50k grant for building a new home, whether it happens or not will be announced in the coming week we think. This money can potentially be used as a deposit. What will this do to the market over the next few years? +I have every intention of getting some of this free money and building a home to add to my investments with my partner (after living in it for the required timeframe to be eligible for the grant). I'm just not sure if this will kill the market by oversupply or stimulate the market enough to drive price up. + +Note: this grant is ONLY for building new and not for established homes. +Anyone with a brain knows that tether is fraudulent and isn’t pegged 1:1. The owners are the same scam artists that were behind bitfinex. Once they’re properly audited and collapse it will shake the trust in the crypto industry. The New York attorney general literally said they’re not fully backed. Luna/Celsius will be speeding up the process of regulation and the investigation of the biggest fraudulent company of all time. + +This is not fud, do your DD and you’ll come to the same conclusion. Store your BTC on a ledger and if you have any money in tether get it out immediately. It’s not a matter of if it’s a matter of when tether collapses. +I have read a lot of the posts here and to help people who may not know I was wondering if traders in here were willing to share their strategies that they are using? I hope people would consider doing this. Thanks for considering!!! +- The Chinese officials were troubled by Trump’s comment that there was no agreement on phasing out tariffs, a government source told CNBC. + +- China said earlier this month the two sides have reached an agreement on the tariff rollback. However, Trump said a week ago he has not agreed to scrap tariffs on Chinese goods. + +- The Chinese are looking carefully at the political situation in the U.S. including the impeachment hearings and the presidential election, the source said. + +More: https://www.cnbc.com/2019/11/18/mood-in-beijing-about-trade-deal-is-pessimistic-government-source-tells-cnbc.html +As we know it now, crypto is worth 92 billion as a market cap. But, it is still relatively unknown. Very few people know about crypto, and even fewer actually know how to invest in it or even care to. Most people just label it as another fad, another kind of geeky thing that computer geeks are talking about with each other like how a 16 year old kid would talk about the new call of duty or xbox scorpio. Yet, it is far far FAR from that. So let me explain. Smart contracts, stores of value, Dapps, ICO's, and much more have the potential to revolutionize the way the world spins as we know it. For once in our lifetimes, we have the chance to grab something by the balls and come out victorious. We have a rising asset class with the potential to change the world. To disrupt over 50% of every job on the planet of the earth (maybe more maybe less). Now you tell me, do you know any other investment in the world that can generate the returns we have seen like crypto? Many people think that since the price has gone so high, we are overvalued. Yet the reality is, we haven't even begun to be applicable in the real world. Just imagine what is going to happen when things go live. When BP announced that it is using ethereum for it's supply chain management. When a bank is using ethereum to review it's asset management. When these things happen, that is when we are going to see the REAL boom. But right now, we are getting a very very tiny taste of what is yet to come. + +This world, and this opportunity may not ever happen again in your lifetime. Take it wisely. +As we know it now, crypto is worth 92 billion as a market cap. But, it is still relatively unknown. Very few people know about crypto, and even fewer actually know how to invest in it or even care to. Most people just label it as another fad, another kind of geeky thing that computer geeks are talking about with each other like how a 16 year old kid would talk about the new call of duty or xbox scorpio. Yet, it is far far FAR from that. So let me explain. Smart contracts, stores of value, Dapps, ICO's, and much more have the potential to revolutionize the way the world spins as we know it. For once in our lifetimes, we have the chance to grab something by the balls and come out victorious. We have a rising asset class with the potential to change the world. To disrupt over 50% of every job on the planet of the earth (maybe more maybe less). Now you tell me, do you know any other investment in the world that can generate the returns we have seen like crypto? Many people think that since the price has gone so high, we are overvalued. Yet the reality is, we haven't even begun to be applicable in the real world. Just imagine what is going to happen when things go live. When BP announced that it is using ethereum for it's supply chain management. When a bank is using ethereum to review it's asset management. When these things happen, that is when we are going to see the REAL boom. But right now, we are getting a very very tiny taste of what is yet to come. + +This world, and this opportunity may not ever happen again in your lifetime. Take it wisely. +TL:DR – I think the Housing market is in a bubble, which could trigger calamity when home values are no longer worth the inflated loans taken out to purchase them, which will begin to poison the Mortgage-Backed Securities they are packaged in causing further balance sheet woes for those trying to keep Marge from calling. + +Evening r/Superstonk, Jellyfish with you following up on the [housing bubble post from earlier](https://www.reddit.com/r/Superstonk/comments/o6ie6p/a_deep_dive_into_the_housing_data_released/)—I have additional data from the [US Census Bureau](https://www.census.gov/construction/nrs/index.html) [today](https://www.census.gov/construction/nrs/pdf/newressales.pdf) that I believe bolsters the case. + +[MOAR data!](https://preview.redd.it/8crkshwat4771.png?width=962&format=png&auto=webp&s=b0a4a6c1253c51f0811bb8d7b51c2cde0736e678) + +Despite supply increasing for months, **single-family home sales by homebuilders to the public in May fell 6% from the prior month to a seasonally adjusted annual rate of 769,000 houses, down 23% from the recent high in January**. This steep decline in sales occurred amid rising prices. + +[I'm definitely rustled...](https://preview.redd.it/213g9buet4771.jpg?width=600&format=pjpg&auto=webp&s=1cd35bd8804e2c751d2d9251f5db32a2c4a1b2c6) + +This is eerily similar to what [I covered in existing home sales earlier](https://www.reddit.com/r/Superstonk/comments/o6ie6p/a_deep_dive_into_the_housing_data_released/)—existing inventory is moving slower as new housing comes online, yet sales dropped for the fourth month in a row, yet reaching historic highs in median price. Shit is whacked y’all! + +The drop in sales of new homes in the past months brought sales back to about pre-pandemic levels: + +[ https:\/\/fred.stlouisfed.org\/series\/HSN1F](https://preview.redd.it/5gn5zovot4771.png?width=1463&format=png&auto=webp&s=68172a54e3ae1eff860fe85408a6d07dde776d0f) + +# On the other end of our equation, inventory really is rising! + +Unsold speculative houses rose for the fifth month in a row to 330,000 houses and months’ supply rose to 5.1 months. + +New single-family homes completed since Jan 2021 : 1,328,000+1,347,000+1,497,000+1,426,000+1,368,000 = 6,966,000 homes + +New single-family homes sold since Jan 2021 : 993,000 +823,000+886,000+817,000+ 769,000 = 4,288,000 homes + +Supply is up +2,678,000 homes in 2021 so far. + +[ https:\/\/fred.stlouisfed.org\/series\/HNFSEPUSSA](https://preview.redd.it/pvfre22mu4771.png?width=1457&format=png&auto=webp&s=24026cb5a0a188ac9d46c8054af06a5797d643ec) + +Just how existing homes median prices spiked 24% year-over-year, **the median price of new single-family houses rose 2.5% from the previous month, and spiked 18.1% year-over-year, to a record $374,400**: + +[ https:\/\/fred.stlouisfed.org\/series\/MSPNHSUS](https://preview.redd.it/rdu474gpu4771.png?width=1458&format=png&auto=webp&s=2f5cdbeb54cec16f76e92cc97a3bb9b68d0b878e) + +These new homes are sold by homebuilders and purchased by Joe Q. Public. This is different than the existing home sales I covered earlier where Joe Q. haggles with Jane Doe for way over asking price on a literal dump. + +I think this dynamic is more dangerous, since the FED brrrrr is making it rain like James Harden in the club, and with folks getting approved for higher amounts and choosing to use the entire amount they are approved for, with builders more than eager to accommodate them! + +Sales of homes over $500,000 accounted for 24% of total sales in May and April. Homes selling for over $400,000 accounted for 45% of total sales. Prices are way up while sales are slowing but the people who are buying are going BIG. + +Picking up with the previous post: + +With the conditions of the housing market above, I believe we are entering ‘textbook’ bubble territory. + +[ Source: https:\/\/www.investopedia.com\/terms\/h\/housing\_bubble.asp ](https://preview.redd.it/2wj6oh3zu4771.png?width=794&format=png&auto=webp&s=eefbbdaea864f035ac93d523b46a350c745bc24f) + +Ok, as we covered above, demand had been through the roof, but the supply is back on the rise and current stock is taking longer to move. At the same time, demand for new mortgages is decreasing as the supply continues to hold and increase—but prices continue to go up! + +[uh-oh...](https://preview.redd.it/q79xm9n5v4771.png?width=884&format=png&auto=webp&s=0877dda6d36c0b59d8a9056eec83fa036e580b4b) + +But what about delinquency rates? This can be a source to the supply... + +[ https:\/\/www.mba.org\/2021-press-releases\/may\/mortgage-delinquencies-decrease-in-the-first-quarter-of-2021](https://preview.redd.it/70ng3nt8v4771.png?width=1111&format=png&auto=webp&s=90d1c36d66707dbed8695944901794dc3abc7715) + +>On a year-over-year basis, total mortgage delinquencies increased for all loans outstanding. The delinquency rate increased by 141 basis points for conventional loans, increased 498 basis points for FHA loans, and increased 297 basis points for VA loans.The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The percentage of loans on which foreclosure actions were started in the first quarter rose by 1 basis point to 0.04 percent. The percentage of loans in the foreclosure process at the end of the first quarter was 0.54 percent, down 2 basis points from the fourth quarter of 2020 and 19 basis points from one year ago. This is the lowest foreclosure inventory rate since the first quarter of 1982.The seriously delinquent rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 4.70 percent. It decreased by 33 basis points from last quarter and increased by 303 basis points from last year. From the previous quarter, the seriously delinquent rate decreased 34 basis points for conventional loans, decreased 19 basis points for FHA loans, and decreased 37 basis points for VA loans. Compared to a year ago, the seriously delinquent rate increased by 205 basis points for conventional loans, increased 771 basis points for FHA loans, and increased 379 basis points for VA loans. + +**Then there are those still in or coming out of forbearance with the likely expiration and non-renewal of these Covid rules at the end of the month:** + +[The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 4.18% of servicers' portfolio volume in the prior week to 4.16% as of May 30, 2021. According to MBA's estimate, 2.1 million homeowners are in forbearance plans.](https://www.mba.org/2021-press-releases/june/share-of-mortgage-loans-in-forbearance-slightly-decreases-to-416-percent) + +[Forbearance details](https://preview.redd.it/f43d39gcv4771.png?width=1169&format=png&auto=webp&s=81c185d9b1a2d5f82921c20d3fb569e8aef5381e) + +While it is great to see people come out of forbearance, if I am reading the numbers correctly, more than half of folks coming out are still going to have amounts that still need to be paid back on top of the normal monthly payment. Budgets are already stretched tight, [wage growth is decreasing](https://www.atlantafed.org/chcs/wage-growth-tracker), and inflation is making everything else [more expensive](https://www.reddit.com/r/Superstonk/comments/o59uyb/no_inflation_my_waffle_house_has_had_to_print_new/h2lnk5e/?context=3). + +If these mortgages begin to fail, you can bet that it will have an impact on the Mortgage-Backed Security (MBS) it was packaged into. Enough of that begins to happen, and the balance sheets that were already trying to fight inflation are now caught in a two-front war with inflation and decreasing MBS values. Throw in the fact the Fed is kicking around the idea of tapering MBS purchases (who this dog shit would get offloaded to) and the problem begins to compound! + +Tick-Tock... +In March I was furloughed at my job because of COVID 19 because they had to operate at 50% working capacity. In May they began bringing people back and I did not get a call to comeback. I tried calling my boss to see what was going on and he did not answer so I decided to walk in the store and talk to him face to face. I saw him and asked him if I would be coming back or not. He said that unfortunately I was being permanently laid off because of the slow business I told him I understand. Fast forward to last Sunday I try applying for my benefits and get an automatic denial claiming that my employer instructed me to come back to work. +I already applied for an appeal on the unemployment website, but I have rent due in a week. What can I do in this scenario? + +Edit: Thank you all for the help. Since the initial post I have tried contacting my employer again to no success. There were two other employees that were still laid off and I asked them if they were offered there jobs bad and one of the guys said no and that he was under the impression that I was also let go. I am attempting to appeal the decision and am awaiting a reply from UI. Also I believe the business received over $50,000 from the CARES act for payroll protection but the only people who were laid off were non salary workers and the business is family owned so they brought in family members to work instead. It seems very suspicious what is going on. + + +[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!* +[https://on.ft.com/3gUWUIZ](https://on.ft.com/3gUWUIZ) + + +&#x200B; + +SoftBank is the “Nasdaq whale” that has bought billions of dollars’ worth of US equity derivatives in a move that stoked the fevered rally in big tech stocks before a sharp pullback on Thursday, according to people familiar with the matter. + +The Japanese conglomerate has been snapping up options in tech stocks during the past month in huge amounts, contributing to the largest trading volumes in contracts linked to individual companies in at least 10 years, these people said. One banker described it as a “dangerous” bet. + +The aggressive move into the options market marks a new chapter for the investment powerhouse, which in recent years has made huge bets on privately held technology start-ups through its $100bn Vision Fund. After the coronavirus market tumult hit those bets hard, the company established an asset management unit for public investments using capital contributed by its founder Masayoshi Son. + +Now it has also made a splash in trading derivatives linked to some of those new investments, which has shocked market veterans. “These are some of the biggest trades I’ve seen in 20 years of doing this,” said one derivatives-focused US hedge fund manager. “The flow is huge.” + +The surge in purchases of call options — derivatives that give the user the right to buy a stock at a pre-agreed price — has been the talk of Wall Street in recent weeks, as the sheer size of the trades appears to have exacerbated a “melt-up” in many big technology stocks over the summer. Shares in Tesla soared 26 per cent in under a week to September 1, while Amazon and Google parent Alphabet gained about 9 per cent. + +One person familiar with SoftBank’s trades said it was “gobbling up” options on a scale that was even making some people within the organisation nervous. “People are caught with their pants down, massively short. This can continue. The whale is still hungry.” + +The options boom means that the US stock market remains vulnerable to further bursts of volatility, according to Charlie McElligott, a strategist at Nomura. “The street is still very much in a dangerous space, and that flow is still out there,” he said in a note on Friday, adding that this leaves the market open to swings higher or lower. + +The overall nominal value of calls traded on individual US stocks has averaged $335bn a day over the past two weeks, according to Goldman Sachs. That is more than triple the rolling average in 2017 to 2019. The retail trading boom has played a big part of the frenzy, but investors say the size of many recent option purchases are far too big to be retail-driven. +Guten Morgen to this global band of Apes! 👋🦍 + +Much as expected, Monday delivered a massive sell-off around the world, though I still can't figure out who is selling GME these days. Certainly not Apes, who have continued to directly register shares with ComputerShare, putting more and more pressure on all of the shorts and market makers who rely on those shares being at the DTCC to keep their shenanigans going. In any case, the troubles in China's real-estate sector have clearly started to impact other markets, and the Evergrande situation is obviously far from over. The next few days may bring continued discounts on the stock we like, especially given the great news of a 500-person customer care center opening soon. GameStop is clearly on a great path for growth, and Apes with Diamantenhände are going to be right there with them. + +Today is Tuesday, September 21st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$192.92 / 164,74 €** *(volume: 731)* +- 🟥 115 minutes in: $192.87 / 164,69 € *(volume: 706)* +- ⬜ 110 minutes in: $192.95 / 164,76 € *(volume: 676)* +- 🟩 105 minutes in: $192.95 / 164,76 € *(volume: 676)* +- 🟩 100 minutes in: $192.91 / 164,72 € *(volume: 665)* +- 🟩 95 minutes in: $192.69 / 164,54 € *(volume: 650)* +- 🟩 90 minutes in: $191.90 / 163,86 € *(volume: 612)* +- 🟩 85 minutes in: $191.81 / 163,79 € *(volume: 608)* +- 🟩 80 minutes in: $191.26 / 163,31 € *(volume: 607)* +- 🟥 75 minutes in: $191.15 / 163,22 € *(volume: 604)* +- 🟩 70 minutes in: $192.12 / 164,05 € *(volume: 588)* +- 🟥 65 minutes in: $191.17 / 163,24 € *(volume: 586)* +- ⬜ 60 minutes in: $193.39 / 165,14 € *(volume: 492)* +- 🟩 55 minutes in: $193.39 / 165,14 € *(volume: 492)* +- 🟩 50 minutes in: $193.35 / 165,10 € *(volume: 472)* +- 🟥 45 minutes in: $193.33 / 165,09 € *(volume: 451)* +- 🟥 40 minutes in: $193.39 / 165,14 € *(volume: 446)* +- 🟩 35 minutes in: $193.52 / 165,25 € *(volume: 406)* +- 🟩 30 minutes in: $193.38 / 165,12 € *(volume: 325)* +- 🟥 25 minutes in: $193.07 / 164,86 € *(volume: 294)* +- 🟩 20 minutes in: $193.38 / 165,12 € *(volume: 294)* +- 🟩 15 minutes in: $193.33 / 165,09 € *(volume: 290)* +- 🟩 10 minutes in: $192.92 / 164,74 € *(volume: 232)* +- 🟥 5 minutes in: $192.85 / 164,68 € *(volume: 192)* +- 🟩 0 minutes in: $193.22 / 164,99 € *(volume: 65)* +- 🟥 US close price: $192.20 / 164,12 € *($192.80 / 164,63 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1711. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Yes I know nobody can time the market. It doesn't mean it doesn't bother me! All of the above get under my skin. I think the worst for me has been watching the watchlist stocks run without me. I usually invest a lot of time researching before adding them there. I've resorted to buying a small part of my position right away and waiting for a lower price for the rest of it. + +Not taking the gains and watching it drop makes me feel like I was being too greedy. Not a good feeling. Stop losses at the target sell price are important. Setting a trailing stop 3 percent below the market price has helped me. A volatile stock would have a different percentage. + +Watching the stock run after selling just sort of makes me laugh. Like watching your kid grow up and go to college. You appreciate the time you had and look forward to seeing what they become in the future. +So the neverending unsolicited advice from basically everyone that invests in the markets instead of trading in the market is "You can't beat the market!" or "Statistically it's almost impossible to do better than the market YoY." + +If this is true, then what's the point of investing? Trading operates under a different assumption, so it's not worth mentioning. Investors, however, believe they can't beat the market and yet they/we/you buy into various funds, ETFs, Companies, and other equities for.... reasons? If you can't beat the market just put 100% of your money in SPY, VTI, and VOO and go home. + +Can someone explain this to me? Is the phrase "you can't beat the market" a blatant lie, propaganda, or an inconvenient truth that everyone ignores? +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 \[33M\] live in a rent-controlled apartment complex in South Carolina, and I've renewed my lease for another year until August 2023. My apartment recently came under new management a few weeks ago, and they're planning to demolish the entire property next year, so I'll need to move then. + +I currently make $85k annually working a remote data analyst position. I've been strongly considering moving to New York City to start fresh, but wasn't sure if it would be realistic given my income level. I know I won’t be living in a huge upscale place in Manhattan or anything, but I don’t want roommates either. + +I have no debt, I own my car outright (which I plan to sell), and I’m putting everything I can into my retirement and other investments. + +**EDIT: Wow! I never imagined this would blow up! I greatly appreciate all of your input. I’ve decided to look into Jersey City, Hoboken and Astoria as those seem to be the most popular places in this thread. Cheers!** +Hi guys. + +TLDR: Xi Jinping is now in total control of the entirety of the world's capital markets. + +Vix Guy here. Version with links and source work coming soon, but it looks like a theory I've been playing with might be coming to pass, so I'm putting this up, as it relates to GME and MOASS. + +EDIT: IF YOU DON'T FANCY THE HISTORY AND/OR DYNASTIC SETUP, SKIP TO 'HEAVYWEIGHT CHAMPIONS' SECTION + +Thanks to u/grungromp and the mods. Your considered moderation of this sub does not go unappreciated. + +Three things I'll ask you to remember. 1 - I was a professional historical researcher for a very long time for some fairly high-profile authors and documentary makers. 2 - I work in TV telling stories that are meant to be entertaining whilst existing in the realms of possibility. 3 - I've been writing this for a little while, and the situation is VERY fluid, so the most recent elements can date rapidly. + +This below is a paranoid gonzo theory-based endgame OpEd based on data from credible sources, and should in no way be taken as financial advice. + +**China May Have Won World War 3 Without Firing a Shot - Part 1 of 2** + +If there’s one nation on earth that truly understands the long game, it’s China. I mean **truly** understands the long game. China has existed as a relatively defined territory with a unified cultural identity for more than 3600 years, a period in which Greece was pre-democratic, Sparta hadn’t yet been founded, and storytellers were conjuring the labours of Heracles and Noah. + +Perhaps we can think of a nation not in geopolitical terms, but as a loose collective who share a unity of purpose, a narrative history blended from myth, lore, legend, art, born of ancient, tribal affiliations, epochs of trade and cultural transactions, and brought together by a portmanteau language and urban sprawl, being governed by their own kind who conduct diplomatic relations with foreign governments on their behalf. These loose collectives will either develop to a point where their purpose achieves greater singularity – war, trade, manufacturing – and their identity strengthens, or they will wither or fracture. Winners have strong leaders. Strong leaders have foresight. Foresight breeds dynasties. And dynasties have a tendency to think eternalistically. Obviously, most are wrong, a misapprehension usually ending with a spectacular, megadeath-scenario implosion. + +Considered the founders of China, the thing that made the Shang emperors good at ruling was their ability to appear equalitarian without ever having to concern themselves with the fripperies of democracy. They appointed councillors and bureaucrats based on their abilities to administer government effectively, they liked to diversify, they fostered an academic, liberal, free-thinking culture, making astonishing early advances in astronomy and mathematics, whilst wholeheartedly embracing the Sopranos diplomatic philosophy of ‘Come heavy or not at all’. The general consensus was not to fuck with them, and most who ignored the consensus came to a gnarly ending. + +Crucially, they permitted freedom of religion and held no misguided belief in the divine right of kings. They knew that empires needed bloodlines, and any weak link in the genetic chain was, in all likelihood, game over. Following a highly productive 500-or-so-years, it was the Shang emperors’ slack religious tolerance and all-consuming concern with external enemies that was their undoing. Right under their noses, the Zhou Estate, loyal citizens for centuries, codified a singular religious doctrine and gave the Shang empire pretty much the first beating they ever took at the Battle of Muye with the purpose of unifying China under the ‘Mandate of Heaven’. But by retaining all of the Shang’s advances, they now had the tools, the smarts, the military hardware *and* they’d excised the one frail weakness, humanity, by installing new and improved emperors, now with extra heavenly clout. Now with no need for the populace to worry about which faith to follow, it was the Zhou Dynasty’s turn to became the longest reigning in Chinese history.. So far. Thus began the waxing and waning of Chinese dynasties. Warrior, Intellectual, Merchant, Chaos. But the people remained unified. + +**Becoming Agriphobic** + +Fast forward about 3500 years, and China was going through one of its waning cycles. Chaos, the final dynastic stage, was hitting all the peak values. To say that the Chinese were being tested would be radically understating the depth of ill-feeling and unrest. The Japanese had not yet morphed into their current wise-but-humble, industrious iteration and were making general Chinese misery their sole mission in life. A military coup in 1911 had toppled the last dynasty, the Qing, and established the Republic of China, but even this new, more egalitarian identity did not break the simmering tension. World War 1 raised the temperature further, seeing Japan move to permanently colonise the mainland, demanding control of everything from the economy to the judiciary. Diplomatic interventions even came from the US and UK – and consider the stunningly shady shit you had to be into to earn *that* during this period – but the Chinese government was so deeply in debt to Japan that they were forced to agree to many of Japan’s brutal ‘Twenty-One Demands’. The end of what the Chinese call their ‘Century of Humiliation’ was the build-up to a second world war. Many aren’t aware that more than 15 million Chinese died during their war with Japan and what would become World War 2, a shocking number only surpassed by the horror unfolding in the Soviet Union. + +A minor skirmish between Chinese and Japanese troops in 1937 sparked a tinderbox fuelled by a nationally felt sense of injustice, penury, and usury. China, however, was entirely unable to fund a war with their neighbours, and by 1938 was near total collapse. With 100 million refugees and the nation racked by famine, the Nationalist and Communist parties set aside their own feuding and met to discuss the fate of China. This conference produced an agreement that few foreign leaders could fathom: There would be no surrender to Japan. Outgunned, ill-equipped, starving, and with no way of knowing that another conflict would distract Japan from their mission of total subjugation, they retreated inland to continue a hit-and-run guerrilla campaign. Think on this; if the Chinese had done the rational thing and surrendered in 1938, the Indian and Soviet theatres would have had another front, with a well-armed, well-trained, well-funded, 600,000-strong aggressor radically changing the dynamic. The war could have been lengthened considerably. Or there could have been a different outcome entirely. Unity of purpose. + +**The Embiggening of Small Men** + +Throughout this period, two men were starting to emerge as figureheads from the intractable melee. Deng Xiaoping and Mao Zedong had been leading the Chinese Communist Party and their army during a state of virtually constant civil war with the Nationalist Party. While the Japanese invasion made them temporary and uneasy allies, it also levelled the playing field, exhausting much of the Nationalist leadership’s cash reserves and manpower. Zedong had been busily establishing a staunch following in the Chinese countryside, even forming his own breakaway state, Jiangxi Soviet, as a fuck you to the government and a masthead for his politics. As World War 2 concluded decisively in the Pacific with the bombing of Hiroshima and Nagasaki, the Communists and Nationalists wasted no time in celebrating and returned to their vicious civil war. Proxy funding by the Soviets and the Americans began in earnest, with cash predictably distributed. Manchuria, 1948, and the Nationalists went into the Battle of Liaohsi as odds-on favourites. But fate had other ideas, and shit started to go rapidly downhill for the government. The Communists, more experienced in rural guerrilla tactics, divided then surrounded their opponents, before surgically cutting off their supply lines. Tian’anmen Square, 1949, and now-Chairman Mao proclaimed the war won and a new nation founded; the **People’s**Republic of China. The remaining Nationalists and many of their sympathisers fled to Taiwan, declaring the island the (new) Republic of China, and the two states remain, to this day, officially at war. + +Chairman Mao attempted various economic jump-starts during his tenure, but he’d perhaps spent too long as a guerrilla, secreted in the undergrowth, knife between teeth, and seemed much more content with plotting wars, vengeance, and purges than with forming any cohesive plans for reform. Following the destructive and expensive stalemate in Korea, Mao’s first attempt, ‘The Great Leap Forward’, was a masterplan to industrialise China; Factories, Not Farms! Unfortunately, the ‘not farms’ part was never adequately replaced, and famine once again began to take hold. One of the Party’s most dependable men, however, remained Deng Xiaoping, and Xiaoping was a considerably safer pair of macroeconomic hands. Just as China was recovering from the 5-year famine, Zedong again went looking for aggravation, sparking off the Cultural Revolution; a violent, paranoid purge that Zedong finally had to send in his own troops to quell. The bloodshed was so frenzied and pervasive that no accurate records exist of the death toll, but most estimates are in the millions. Despite his unfathomably brutal efforts to regain total control of the Communist Party, senior officials were forced to break it to the Great Helmsman that the 10-year revolution had failed to make the country into the shining Communist utopia that he had planned. Entirely foreseeably, famine, poverty, and further economic damage followed. + +But by the end of the Revolution, the Chairman was in desperately poor health, his heart failing, and the elite had begun to furtively glance around for a successor. See, there are no hard-and-fast rules to this process in China. Sometimes it’s about securing yourself the most Chairs of the most box-office committees – the Military Commission, the State Council, the Standing Committee, etc – sometimes it’s about building coalitions of Party support, sometimes it’s about assembling the most guys with guns willing to do your bidding. There’s not really even an official title that comes with running China. It’s like playing 3D chess against Deep Blue while really, *really* high. You’ve gotta be be-*yond* the top of your game to win. + +When Chairman Mao shuffled off this mortal coil, he went with the blood of countless millions on his hands, much of it entirely non-metaphorical. Xiaoping had been a faithful soldier, leading the Party’s forces in countless campaigns, gun in hand. But Zedong had long suspected that Deng’s politics were, if not quite centrist, then centre-left at best. Their complex relationship saw Deng twice purged from the party and imprisoned during the Revolution before rising again to become Secretary-General and Vice Premier under Mao, the man who had ordered his jailing. Mao had tapped up Hua Gofeng to succeed him when he died, but Hua was nothing if not unimaginative. He promised more Mao, the same Mao, a continuation of Mao, even dressing and cutting his hair to look like the boss. He bought himself a short spell in charge by removing the generally disliked radical clique, the ‘Gang of Four’, although this was entirely accidental. Naturally, Hua was then accused of colluding with a new cabal, the inventively titled ‘Little Gang of Four’, who were later charged with failing to combat the *original* Gang of Four… Yadda, yadda, yadda. The problem with totalitarianism is it can get cyclical. The problem with Hua was he lacked charisma. + +Deng Xiaoping, however, was an altogether more astute and interesting player. He outmanoeuvred Hua and was appointed leader, supposedly bringing clear ideas for collectivism and introducing mechanisms that would prevent one-man cults of personality. The landscape was, as usual, not a hard read, especially for an old hand: the people were sick of famine, poverty, purges, and possibly even communism. He very quickly deployed his ‘Boluan Fanzheng’ program, literally translating as ‘eliminate chaos and return to normal’, then set about re-drafting the Chinese Constitution to demote Maoism and elevate economic pragmatism. He embarked on a global charm offensive, in 1979 becoming the first Chinese leader to be invited to the White House by Carter, and while in the US he showed himself to be a world-class charming bastard, sowing further distrust in the Soviets and sealing the deal to get American troops out of Taiwan. He scored tours of Ford and Boeing factories, inspecting the production lines closely. After a lifetime in the killing fields, he was entirely unfazed by an assassination attempt in Texas by a knife-wielding Klansman. Amateur hour. One can only assume that protests by both Maoists and Nationalists drew a wry smile. + +Back home, Deng reformed education, reopened schools and founded the ‘863 Program’ to educate China’s brightest in science and technology. But his first big announcement to the world was the ‘opening up’ of China. The government would begin relaxing things, selling off some of the vast state-owned portfolio, eventually welcoming equity investment, private manufacturing, even banking. Perhaps, if records are ever published or witnesses could speak freely, Deng will be viewed as simply another emperor who learned lessons from his predecessor to bolster his personal grip on power. But it was now the 80s, and the rest of the world cared only for cocaine, money, and breakdancing. + +**Dead Red Redemption** + +So, after the dull, mechanical early stages, such as agricultural reform, were complete, China was wide open, and there seemed to onlookers to be no organised system of market oversight or regulation, just a naïve assemblage of insular, ageing political idealogues. Suffice to say that gleeful hands were being rubbed vigorously together in the Western financial hubs. This was virgin territory, ripe to be taught the fundamentals of capitalism by slick, hard-nosed Wall Street guys with money to spend and tough lessons to impart. If anybody could knock this backward agrarian economy into shape, it was the City and Wall Street. With Western lead in the economic pencil, the early 80s saw China do three consecutive years of double-digit GDP growth, and in ’88, Ping An Insurance and The China Merchants Bank were founded as joint-stock entities. Corporate finance had arrived. In 1990, Deng reopened the Shanghai Stock Exchange and founded the Shenzhen Exchange. The problem now was archaic State-run industries lagging behind the private sector, garnering unwelcome attention. Government subsidies began to flood in to plug the inefficiencies and pin back inflation. + +1997 proved a pivotal year for China for a multitude of reasons: Deng Xiaoping died, Hong Kong was returned to Chinese control, and a huge proportion of the remaining state-run concerns began to be sold off. Shocked military grandees were told by Beijing that even the Army could no longer run businesses. By 2005, cracks had begun to appear. The ardent reformers had grown old and faded and the private investors had cut away the dead wood from former State concerns, leaving hundreds of thousands who could legitimately blame their unemployment on capitalism and foreign actors.. Again. Unaffordable property prices and stark wage inequalities were beginning to foment unrest and, as per the playbook, the leadership was expertly reading the national mood, paying heed to what had gone before. + +**Heavyweight Champions** + +2003 saw Hu Jintau get the corner office, and one of Deng’s distinctly conservative successor’s most successful policies was the to import a ‘National Champions’ program. Although late to the game, the boilerplate model got some typically Chinese upgrades. Ostensibly conceived to compete with foreign megacap corporations, the chosen companies would operate for-profit whilst benefiting from bespoke, protectionist benefits that only an autocratic national government could bestow. The less buzzworthy inclusions are outfits like the China Petrochemical Corporation, COFCO, CRRC Group, so on, so forth. Do some digging if you’re interested, but, for the purposes of this OpEd, suffice to say that, as an example, one of the hundreds of companies run by CRRC Group is CRRC itself. They make trains. In fact, they make more trains than anyone else, and they make more money making trains than anyone else. And acronyms you’ve never heard of becoming the biggest and wealthiest in the world at what they do is typical of China’s National Champions. What were formerly monolithic, dusty, State concerns, propped up by handouts and functioning only to keep unemployment low and cough sickly fuck yous to the capitalists, were now titanic international superpowers, owning assets globally that cannot be precisely, or even vaguely estimated, because.. secrets. + +In 2012-ish, Hu Jintau tagged in Xi Jinping, an even more stringently conservative leader, and China’s National Champions evolved again. And these you’ll know well, even if you’re unaware of their champion status or the exact nature of the benefits of which they’re in receipt. Alibaba rocketed from $20 billion revenue in 2012 to $717 billion in 2021. Tencent went from $3.3 billion in 2011 to $68 billion in 2021. Huawei leaped from $146 billion in ’09 to $891 billion in ‘20. Because here you have to re-clarify ‘National Champions’. Suddenly it wasn’t the companies or sectors or industries that were chosen – been there, done that, locked it down, lessons learned – rather, it was the **people**. Whereas previous eras might have seen them purged as intellectuals or right-ists, these young men had travelled, observed, learned, then returned home to seek investment. And the government now had a **lot** of money to invest. Some were already loyal to the Party, others could be *made*loyal with a drop of startup capital. The millionaires began to pile up in China. Then the billionaires. + +After Jintau’s first draft, Xi’s polish saw China overtake Japan in 2010 to become the world’s second-largest economy. This year they took top spot for foreign direct investment from the US and are predicted to be the largest economy by 2028. After proving during the Shanghai equities collapse in 2015 that it could deftly and decisively handle a major wobble, the Chinese government seemed to be the gift that kept on giving. Gross inflows during the first quarter of 2021 totalled $590.1 billion, the highest comparable figure since 2010. $551 billion in Yuan bonds are held by foreign institutions and investors, with just 10% of government bonds in foreign hands. + +**C’est la VIE** + +Then a strange thing happened, kind of out of nowhere. The Chinese government began to increase oversight and regulation of a relatively small but highly valuable industry; online tuition. Middle class parents springing for an extra few hours of science lessons a week for their kids seems like an improbable spark for a financial crisis, but much like the skirmish with the Japanese at Marco Polo Bridge in 1937, the government rapidly escalated a minor event into something that could seemingly only end in their ignominious defeat. This time, however, the Chinese government’s war chests were chock full and the leverage was all theirs. + +Something many Western fund managers had been speed-reading to the point of wilful blindness in Chinese investment prospectuses for nearly a decade was the Variable Interest Entity structure. Your Chinese company would register a holding company in, say, the Cayman Islands, then enter into a binding contract with its parent company in China. Legit US Depository Share structure. SEC compliant. So far, so good. But like any good scheme, the ROI on these equities and derivatives as China boomed was beyond all reasonable expectations, and, stress test passed, billions more flooded in. + +The problem began with Huawei, and this problem boiled down to it being illegal under Chinese law for foreigners to own shares in companies whose business is technology and/or data. Which, when you think about it, is every company. The second problem was that the ‘binding contracts’ that the foreign offshoots selling shares in US and European markets had with their parent companies were legally ‘problematic’ to say the least. A not-very-deep dive into this second problem – which you would think is why banks have lawyers – revealed that foreign owners of Chinese stock had no legal right to attempt to petition or influence the boards of these companies. Simply put; no voting. And whether it be related to environmental issues, child labour, or corporate branding, being a nuisance – or ‘activist’ in today’s parlance – is the God-given right of *all*shareholders. Worse than this, the investors didn’t even own the underlying shares **at all**. I’m not talking about historically here. I’m talking about right now. Think on this; if you hold shares in a Chinese company that were purchased on US exchanges, this is on terms that are anathema to the theory of equities markets at the most fundamental level imaginable. Unless you bought on the Shanghai or Shenzhen Exchanges, you have little recourse. And even if you did.. Well, you still have very little recourse. But don’t sell Nio just because of that! The returns might get even *more* spectacular! + +The reason Huawei were making headlines was lawyers who didn’t work for people trying to sell you financial products started to make the point that, since 2012-ish, Chinese companies have been required by ‘law’ to share any data that the government or security services requested. Sanctions, lobbying, bellowing, and word salad from the then-President of the US somehow translated into a great deal of pause for thought worldwide. The UK government conceded that CGN, the state-owned China General Nuclear Power Company, had happily stepped forward when the British government were courting China for investment a mere 4 years previously, writing cheques to the tune of $4.3 billion dollars for two nuclear power stations in England, and with plans to build more. Not only that, Huawei had positioned itself as the **only** global player who could deliver the 5G network in the UK. Again, lawyers who neither worked for government nor people who sold financial products began to uncover shadowy articles in Xi’s ‘renegotiations’ with business that could essentially negate *any* contractual clause in *any* of these agreements in *any* of the countries that they had been agreed in. Not only had the Chinese bought access to vast swathes of worldwide data traffic, some posited that pursuing a contractual dispute could end in both telecoms and power blackouts. If you hold the view as a free marketeer that the central role of government is to keep the utilities on and businesses business-ing, then that responsibility had been cheerfully handed to avowed communists with very murky motives. France, Australia, Sweden, and others quickly followed suit in locking out Huawei. + +Another very interesting case study during this period is Luckin Coffee. Could there be a finer example of a US corporate success story springing forth from Jinping’s new China? Luckin raised billions selling depository shares on the NASDAQ from their registered office in – you guessed it – the Cayman Islands. Money goes in. More money comes out. Stress test passed with flying colours. Then, without word-one being said in China, Luckin revealed in an SEC filing that they were investigating an alleged $300 million fraud by a former executive involving the inflated reporting of revenue and GP. Shares plunged 80%, wiping $3 billion from the value in the US. Then it turned out that pretty much the entire board of Luckin Coffee *and* their family members had been pottering around New York securing vast loans against the US valuation. The Chairman alone had margin loans of over HALF A BILLION DOLLARS secured against his shares. He defaulted, and when Goldman Sachs disposed of the collateral shares, they did so at about 10% of their face value. Irrelevant, really, as Luckin’s US lawyers filed for bankruptcy protection shortly afterwards. Credit Suisse’s Singapore outfit was also on the hook for a substantial amount, so these were not babes in the wood that were being suckered in. + +But the interesting thing here is the fallout, or really the lack of it. Luckin had taken the money and built a thriving business exclusively in China with a mission statement of toppling Starbucks, rapidly expanding to 4500 outlets. After the ‘scandal’, Luckin shrank just as rapidly.. to about 3900 outlets. They’re launching new products and are now successfully franchising the brand. Their customer base is not less loyal, but *more* loyal, and they built this base by aggressively giving out coupons for free and heavily discounted beverages to undercut the US giant entirely paid for by US investors. Ordering coffee is done exclusively through the Luckin app, and with news of the US meltdown – and for ‘meltdown’, read **massive** criminal conspiracy to defraud – app downloads rocketed into the millions. Big data. + +Critically, the investigation into the fraud was entirely internal, the Chinese government expressing zero interest, despite it allegedly having occurred entirely within their jurisdiction. After a court hearing in – you guessed it – the Caribbean, the remaining shares were quietly transferred back to Beijing-based Centurium Capital – who expressed their profound shock – and the company cracked on. Chinese financial journalists combing social media detected more than a hint of smug sarcasm at the riotous success of the corporate smash and grab. The stress test wasn’t Wall Street testing China. It was China testing Wall Street. + +**Next - Part 2** + +**The Black Hole of Opportunities** + +[https://www.reddit.com/r/Superstonk/comments/ptx0k8/china\_may\_have\_won\_world\_war\_3\_without\_firing\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ptx0k8/china_may_have_won_world_war_3_without_firing_a/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +EDIT: Intro, thanks to mods +Hey apes, Moroccan shortcut lover here. ( english is my third language so gaybear with me ) + +If you want to DRS from eToro, you can sell your shares and buy them the next day in IBKR by using paypal & wise showen in this method. + +&#x200B; + +[ You can find your details are in Deposit, DIRECT ACH transfer from your bank ](https://preview.redd.it/yiu66bqp4co81.png?width=524&format=png&auto=webp&s=cf8ad33900036704b67b68245826c434a100aec9) + +&#x200B; + +if you can't follow [this](https://www.reddit.com/r/Superstonk/comments/ssgrps/how_to_buy_and_drs_from_etoro_to_ibkr_in_less/) you are probably europoor that need one more step, that is Wise (TransferWise) + +&#x200B; + +[click on \\" Your USD account details \\" ](https://preview.redd.it/o9kyz1u35co81.png?width=620&format=png&auto=webp&s=9a0334f23c90a6e0c234290ce1121aea9d867a25) + +&#x200B; + +[once you receive this confirm your wise to your paypal](https://preview.redd.it/j2mzssxi5co81.png?width=1113&format=png&auto=webp&s=9ade713440444a07d5e6a0964e0a755e8a070886) + +&#x200B; + +[voilà, linked.](https://preview.redd.it/w2y1tpsr5co81.png?width=479&format=png&auto=webp&s=7164378f939827f0a44d5a324a987d743aac0f80) + +&#x200B; + +[withdraw your money to Paypal](https://preview.redd.it/vo5wac8u5co81.png?width=1296&format=png&auto=webp&s=fd35784c0cf6e47bd3944b213bf0ef3de604c9b3) + +&#x200B; + +[once received, convert it to euros then find your IBKR as you normally do](https://preview.redd.it/yrixcyzb6co81.png?width=1090&format=png&auto=webp&s=65c43c42a45bd5a22ddcba374c24f897eead2ff7) + +&#x200B; + +[grats bro, u successfuly got out from eToro shit.](https://preview.redd.it/m6c3con28co81.png?width=1318&format=png&auto=webp&s=0ebed57886ed81bd1cb043b5891ee4c4d290b4e1) + +**ATTENTION:in eToro you have three options, you clear out the first ( Credit/Debit card ) option and the wire Transfer, you only keep PayPal to as the sole withdrawal method to skip that " as previously used for your deposit" rule** + +&#x200B; + +you either find this useful or total shit, but for someone else I'm his savior. please be kind to each other. AND DRS YO SHIT!!! + +&#x200B; + +[PPPPPPPURRRRRRRRRRRPPPPPPPPLEEEEEEE RING \( \\"broke\\" 20yo college kid gave it all \) + 3 soon + 1 giveashare lol](https://preview.redd.it/bh1hbbtj7co81.png?width=1258&format=png&auto=webp&s=12a34bbdaaf58413dc691f013021dbceccf3ee76) + +&#x200B; + +[that's how you do it](https://preview.redd.it/wd8olawr7co81.png?width=680&format=png&auto=webp&s=bdb78d43e4b5c022cef65e21c6a9859ed9268ae8) + +Not a financial advice obviously. +The most frequent snarky comment I hear about litecoin is that it has no use case. My reply is always, then why are so many people using it? + +It took just 3 months on bitpay.com/stats to exceed the transactions of every other altcoin on the platform, the top of which had multiple year headstarts to secure their leads. Coinatmradar shows litecoin has more atms than any other altcoin. The number of exchanges, payment processors, trusts, exchange traded projects, brokerages, direct retail relationships, point of sale terminals and many more alone tell the tale. Litecoin has the users. + +The second most popular snarky comment is "well, it gets infrastructure just because it's old". It doesn't take a whole two brain cells to know that doesn't make sense. Namecoin is older than ltc, 10s of thousands of projects are pretty old, all dead or close enough. It's costly to build and maintain infrastructure and keep projects up to date on it, infrastructure providers take dead projects down, they don't keep adding them. Litecoin just keeps growing, thriving in infrastructure while some not dead projects struggle to get and keep basic infrastructure. All for the same reason... users matter. + +My investment thesis inside and out of crypto is that ultimately investors follow users, even when they prefer not to. Quibi was an example of investors thinking they could force users into something no one wanted and many of you can probably think of other dumb VC wall street crap that didn't pan out. Right now, there is a growing contingent of that in crypto, pushed by the likes of mikey novogratz and other hedgies and vc dudebros. + +Feel to play around there if you think you can get out before the exit scammers, but don't forget that in the longer run, what matters is network effect, from users, to infrastructure, and the deeper and broader those network effects, the harder they were to build, the longer they'll last and keep generating new growth. + +For more questions about Litecoin, see this writeup I posted here a few months ago: https://np.reddit.com/r/CryptoCurrency/comments/r23ufg/litecoin_is_deep_clucking_value_an_exhaustive_and/ +Am I missing something here? These ETFs have a long history of paying a decent dividend never low enough that I would take a loss on the margin. I admit that I might be missing something here though. + +Buy** +I bought the dip, nothing crazy about 60 shares. What do you guys think? Even if they cut the dividend (again) I feel like it could be a decent play in the next couple years. Discussion? + +I know they beat revenue guidance and increased subscribers! But free cash flow is way down. +Work in banking. Just found out we are being acquired. + +&#x200B; + +People are devastated, partly feeling betrayed, partly wondering if they'll have a job. + +&#x200B; + +By pursuing FI, I have a sense of calm. Through severance, unemployment claims, existing retirement and savings, I could last awhile without a new job (several years). I wish the best to my colleagues. + +&#x200B; + +Just another example of the power of FI, whether you're there or not. + +&#x200B; + +Stats: + +28M, $70K retirement, $15K savings, $10K mortgage, $35K annual spending, losing my $85K salary most likely. + +Wife+2 kids +So here I am, trying to check bank 5 year CDs that have been tracked in CNBC forever. I click on one link, dead... another, dead. + +Two is a coincidence, all of them? What are you hiding. + +https://www.cnbc.com/quotes/BACCD5 + +https://www.cnbc.com/quotes/JPMCD5 + +https://www.cnbc.com/quotes/GSCD5 + +https://www.cnbc.com/quotes/MSCD5 + +Look for yourself +I'm a casual worker and as per the title my boss has increased my hours from roughly 12 a week up to 30 solely because they feel the need to make me work what I'm getting paid. Problem is I'm a full time uni student in a somewhat intense degree which means to be working 3 days a week would place a huge amount of stress on me. Not to mention the multiple meetings/tests/classes which are compulsory for me to attend and are scattered throughout the week which will at some point clash with shifts. + +I don't want to complain directly to my boss solely because I need some form of income and don't want to get stood down but is their behaviour within their rights? Or is this the catch of jobkeeper? +Anti-NFT posts seem to be trending on various subreddits in reddit lately. If you do a search for "NFT" in the reddit search bar and sort by "relevance" you will find that most of the top posts are anti-NFT posts that achieve thousands of upvotes. Some posts the OP's of them do not even leave a single comment on their own post, or they have no history of even posting or commenting in the subreddit they have made an anti-NFT post to which I find incredibly sus. Here is a sample below, this post was removed by the moderators of this sub because it contained personal information. I censored out the identifying information for the subreddit and the twitter users. The original poster here did not comment a single time on his own post which I find odd, and he didn't have any history of posting in this subreddit or even commenting there which is also sus. I found as well the content was generally quite poor for what is usually seen in this subreddit so also was curious as to why it had received so many upvotes: + +https://preview.redd.it/o6esc2kr9mz71.png?width=1080&format=png&auto=webp&s=8498299944a170be0b6a635bed5f811e93b4a83f + +I think that some of this activity is partly organic but I think that there is a very big coincidence that we are seeing a boom in anti-NFT posts RIGHT NOW, that seemingly started a little over 2 weeks ago. + +Why did this all start? There are a couple of explanations here: + +[https://knowyourmeme.com/memes/screenshotting-nfts](https://knowyourmeme.com/memes/screenshotting-nfts) + +[https://www.youtube.com/watch?v=MfqRg4BPAi4](https://www.youtube.com/watch?v=MfqRg4BPAi4) + +[https://www.youtube.com/watch?v=9gAVaTKcpMY](https://www.youtube.com/watch?v=9gAVaTKcpMY) + +But it seems to have mainly come from this recent comment which was shared by someone on twitter. The twitter account has also been posting A LOT of this kind of anti-NFT sentiment which is just odd to me, I will not link them as I don't want to get in trouble: + +[Posted to twitter on November 4th](https://preview.redd.it/74kwre1afmz71.png?width=740&format=png&auto=webp&s=3f69060d16d1c1c8e8630d6d0dde333851ab71fc) + +However what I find very interesting about this is that while there are a lot of anti-NFT posts being made after this was posted, there were quite a few that were made days before this was posted as well. + +I cannot link the posts because of brigading but here are when some stats on posts that were made that I found that were anti-NFT: + +\*POSTED AFTER THE IMAGE ABOVE\* + +11 hours ago: 26.7k upvotes + +20 hours ago: 42.5k upvotes and not a single comment from the OP on his own post, I literally watched this post exploding with thousands of upvotes over a short period which made it seem incredibly inorganic, I have never seen other posts on reddit perform like that. + +5 days ago: 2.1k upvotes + +6 days ago: 7.1k upvotes + +6 days ago: 11.7k upvotes + +7 days ago: 15.3k upvotes + +9 days ago: 8.2k upvotes + +10 days ago: 43.5k upvotes + +\*POSTED BEFORE THE IMAGE ABOVE\* + +12 days ago: 7.4k upvotes + +12 days ago: 7.6k upvotes + +18 days ago: 10.7k upvotes + +18 days ago: 5.7k upvotes + +1 month ago: 26.5k upvotes + +Comments on these posts in my mind are overwhelmingly unintelligent and slamming NFTs, and investors of NFTs who tell their story that the poster and commentors are wrong get slammed with downvotes. + +It seems to not only be reddit where this is propagating but also other social media platforms. For me this would be a good strategy for someone who is wanting a new NFT marketplace to fail. They paint NFTs as bad investments, they make people who buy them seem like they have poor judgement or are lesser than others who do not, they make the creators seem greedy etc. + +To me as well by creating this much negative content allows them to pump out headlines like "People don't want or understand NFTs, this is a bad move for Gamestop." when they do eventually launch their platform. + +I don't have too much time to dig deeper, but I felt I would share these findings regardless. If this truly is completely organic and not a SHF strategy I think its coincidental timing, I also feel incredibly bullish as the majority of the general public clearly do not understand nor see the potential that we do in NFTs and Gamestop's marketplace - we are early but not wrong. + +It is also why Gamestop needs to have this market ABSOLUTELY PERFECT for launch as they likely already know that they are going to get slammed with speculative crap from the media on launch. + +WHALE TEETH FOR MOASS. +Hello u/possibly6 I hope this finds you well and that I'm not stepping on your toes here or butchering your work. I also am positive that you aced your finals and that you've had an excellent month away, right? My man! + +I don't know shit about fuck, but in your last post a month ago you predicted this low between 110 and 98 as the possible final leg before a huge increase. The timeframe is incredibly close!! + +I wanted to reach out because I have great interest in your work although I understand barely any of it. Im sure the rest of us would love to know your thoughts about where we stand in this current cycle this week and what you think about where we're going! + +For all, here is the link to the post if you haven't seen it already: https://www.reddit.com/r/Superstonk/comments/rh6gb0/elliott_waves_and_gme_resurgence/hoofzng?utm_medium=android_app&utm_source=share&context=3 + +Happy reading, get your tits jacked! +I've been closely following crypto for about a year now. I waited so long for a good occasion to buy in, teaching myself about blockchain and cryptography. I invested 80% of my free time to read about the tech (online and from books), I've taught myself programming and worked my arse off to accumulate captial need for the push (I even took a sociology course to better understand how disinformation works). "*Never invest in a business you cannot understand*" - I was fascinated by crypto from the very first day I heard about it and today, after so much hard work, I can say not only I'm fascinated by blockchain but also understand how it works. + +Today I bought 10 BTC as a long term investment and despite all the negativity and FUD I'm very confident it will pay off in the future. I've never been so excited in my life. Stay strong handed! +Like a lot of people I probably started on the FIRE path later than I would have liked. Nevertheless, I should be able to reasonably fat-FIRE (depending on your definition of fat) at about 50ish (currently 35). + +Lately I’ve been contemplating an alternative of moving to a different area, with a lower cost of living but also markedly lower earnings potential. It would be a more relaxed way of life, but that step back in earnings would also mean I’d likely end up working longer. + +Curious if other people have made a similar change or if their FIRE priorities have ended up changing as they got older? +I recently got a job at McDonald’s. It’s £7.50 an hr with probably about 16-20 hrs a week and I currently make about £50-£100 a month from artwork (I don’t take many commissions). I already have about £1200 in my bank account made from selling my artwork and clothing. Just wondering what I should be doing with my money as I don’t want to spend it on stupid things. I have a junior savers with Nationwide. + +I plan on going to university and learning to drive at some point as well (if anyone knows how much that may cost). +So here's the lowdown. I'm 4 months ($780) away from paying off my 2008 Toyota Rav4 Limited. I've been looking forward to taking that extra, monthly cash and decimating the rest of my student loans ($10,000 or so). + +However, I took my car in for an inspection on Wednesday, and there's A LOT wrong with it; left front control arm, sway bar, drive shaft, rear brakes and rotors, and body work to repair rusted rocker panels. My best guess is I'm looking at around $4000 in repairs if I can buy the parts myself and find someone to slap it together., or $7,000ish if I go to the dealer and know the job was done right. (I have $2,500 in savings.) I should also mention I'm scared of pouring that much money into the vehicle and, where it's so old, having to put thousands more into it in just a year's time. + +KBB has my car listed anywhere between 4 to 8 thousand dollars. (It has leather seats, JBL sound system, moon roof, roof rack, weather tech floor mats, etc.) + +I have a lot of options, but don't know what to do. As it sits, I could probably get 4 grand out of it. (Carmax quoted me 5, but I bet it'll be less when they see the extent of repairs.) + +This is the worst possible time to have to buy a vehicle as interest rates are crazy and vehicles (even used) are being sold well above MSRP. + +Leasing seems to be out of the question as I don't have enough cash on-hand for the down payment, and I could only afford a monthly payment of $200-$250. + +My wife has a 2017 Subarau and has suggested we go down to one vehicle, but that introduces a number of headaches in trying to juggle who has the car (and when) for work and such. + +I'm just wondering if there are any options I've overlooked, or what everyone here thinks I should do? +I am 48 and have about 2 million in traditional IRA. I’m worried that this may be too much as when I go to withdraw at retirement I will be taxed on it and at the time it will be harder to get that money out without bringing me into high tax bracket. Does this make sense ? Or is it better just to keep putting the money in there ? I have about 2 million in assets outside IRA ( in brokerage ) +I know this is a finance themed subreddit so it's a biased sample but I'm curious. + +It seems like a lot of folks here are genuinely interested in this stuff - as though they would be researching it even if they lived on a deserted island with no skin in the game, which I'm somewhat envious of because all of my hobbies/interests just reduce the thickness of my wallet. I've tried to force myself into being interested in it but I just can't. + +Then of course there are those who see wealth accrual as the end in itself and measure people's success in life by their bank balance - hopefully that doesn't apply to many of us here because it's obviously a hideous (and lazy) philosophy. + +I'm the opposite though, it feels quite inhuman and it's all just a means to an end so I can afford to live comfortably and pursue my passions and interest in art, literature, travel, and any other hobbies I develop, so I can help out friends and family in need. So I obviously can't say I don't care about it, but it's all being done in service of something greater. + +This wasn't supposed to come across a moralizing lecture but I'm wondering how many of you guys have a genuine interest in this stuff and how did it develop? +As the title suggests, I'm filling out my tax return for this year and it was rejected because it said I was missing a 1095-A form. This seemed strange to me as I've been working at my company for 2 years and I'm insured through them so I asked my parents and they said they put me on their plan for 1 month. Now when I included the form, my return went from receiving $225 to owing $4.6k. This is my second time filing taxes so I'm a bit distraught and not sure what to do or if there's anything to do. I would like to mitigate this value if possible. Any feedback is appreciated! + +Edit: Thank you for all the helpful comments! Adding for clarification that I am using online H&R Block and have filed and currently filing for single (so not under my parent's). They didn't do it out of malicious intent but we are working to try to figure it out. Unfortunately H&R doesn't allow allocation from what I see as suggested by u/CorrectlyKnown so I'm going to communicate with my parents and their known tax professional to get it resolved. Thanks! +Over the past 24 hours we've seen a huge change in sentiment in the way BAT is being seen by the community. For some valid reasons, others less so. + +&nbsp; + +In case you're not up to speed the reason for this is because the BAT cap was increased from 15 million to 24 million and now a pegging of the Eth price has made the cap (ETH Price)/ 6400) * 1,000,000,000) = $33 million and rising by the minute (as Eth price increases) + +&nbsp; + +Let me now try and bring everyone down to earth a little. A increase in cap from 15 - 24 million was actually a pretty reasonable move imo, allowing more investors to get in to an ICO which was **highly** anticipated. +Next it's important to remember the increase of cap from $24-33 million wasn't purposeful, the problem was with pegging the eth price in the contract and then wanting to get the contract out for people to look though before the ICO begun. Since this was announced BAT has received a **huge** amount of criticism Brendan Eich (the CEO of Brave/BAT) replied with: + +*Sorry for delayed comments from me (sick macbook pro needed for multisig and slow sync among several causes of our being late from yesterday’s goal of deploying). i saw @teamjinx ask why we set the BAT:ETH ratio at a “seemingly random time”. We had intended to set it yesterday which would have might have favored an even lower ratio. since the address is bound to an immutable contract that contains the peg as a constant, we have a problem publishing address early: we must pick a peg likely to reach the target price. so we’ve been studying ETH, which has been very volatile. this morning we set the peg based on a price around $160 and then ETH started up. note that it could well fall in the next two days, and that with a peg of 6400, any price below 2.4e7/(1e9/6400) = $153.60 will fall short of the target of $24M.* + +*Again, I’m sorry for the delay and then the block number mistakes. We will monitor ETH over the next day and let you guys know if we make any changes* + +Now this doesn't seem like an overly unreasonable response. Pegging the Eth/bat price is certainly an odd move but perhaps they were trying to avoid problems like the ones faced by WeTrust (where there was a huge backlash because a Eth/trst ratio wasn't set so some people got **much** more favorable rates then others based on a changing Eth price) + +&nbsp; + +Regardless of the reason the BAT team clearly have some thinking to do about a path forward from here. In a conversation with Brendan he offered a few different solutions to a crowdsale that would raise more then they intended. All of which seemed to me like options the community would approve of - I'm not going to post said options though because I don't want to spread FOMO/FUD about options that might be off the table. + +However I do also want to stress to everyone - please take a step back. +If the crowdsale started yesterday with a price of $156/Eth and they raised the 24 million which almost instantly appreciated into 35 million would their really be this amount of up cry? This is almost standard practice - check **any** ICO. I understand people don't like the pegging system and you can bet you're bottom dollar BAT are regretting using such a system at this point but this doesn't mean BAT is going out of their way to mislead users. + +Also to address the people quoting Exhibit C:Risks Associated with Markets for BAT "BAT are intended to be used solely on the Platform, and Company will not support or otherwise facilitate any secondary trading or external valuation of BAT" +This is standard legal jargon - BAT is an erc20 token - they will be traded. + +&nbsp; + +Now, a decent question to ask is if the Eth price dropped to $100 and they were only raising $15 million with a $24 million cap would they do something to address this issue? I don't know the answer to this question and I'm interested to see how the BAT team handle this (or if they don't handle it all). Either way I imagine the ICO will insta sell out. + +Edit: A Post to the slack. +*@here guess it was much earlier: Statement from @brendaneich follows:* + +*ETH hit 218 today. If we started the sale today, we’d likely raise more than $34M.* + +*This note considers feasible alternatives to how to handle the “overshoot” above $24M target set in USD. To make numbers easy, say we overshoot by 4:3 from $24M to $32M as reckoned based on ETH:USD at end of sale. Non-exhaustive and (note well) non-exclusive list of ideas:* + +*1. Promise to set aside all ETH left after converting enough to USD to hit $24M. Then evaluate options (see below).* + +*2. Promise to develop a blockchain analysis that looks for sends to our sale address, and sends back 1/4 of the ETH sent from each address to our sale address assuming 4:3 overshoot. In other words, a pro-rata return of ETH based on end of sale USD raise to $24M target. Problems: fiat:ETH volatility experienced by people buying in, ETH:USD volatility by us trying to secure $24M USD, sends can fail, sender contract could reject ETH, and risks of building the analysis program that uses etherscan.io.* + +*3. Promise to spend the overshoot on user acquisition by best means, TBD as we go, that are available (BAT, USD, XBox a la Microsoft, sharing with other BAT-enabled apps as specs and rules come up for how to use BAT evolve).* + +*4. Endow a new entity with the overshoot, to further support BAT-enabled apps. We already said that we would work to set up a trade association, so this would be something else. One idea is to create an accelerator or VC fund for attention apps.* + +*--- end of list ---* + +*I think we must do (1) at a minimum. I don’t like the complexity and likely complaints about exchange rate differences/volatility in (2). I like (3) because growth of user base across Brave and future BAT-enabled attention apps is best way to build the ecosystem -- advertisers will come, and publishers after. (4) is possible but needs detailing on governance with respect to the trade association.* + +*This is our current thinking and I wanted to get good-faith comments from BAT slack members. If anyone sees a (5) we missed, or more ideas that are categorically distinct, please raise them. Thanks. Whatever we do I promise we’ll start with (1).* +This is the second installment to a post I made back in May that documented some of my inflation DD from researching Michael Burry/Scion's 13F plays. People on other subs found the information in part 1 useful so I thought I'd make a part 2 specifically for the broader audience on r/Investing. + +By my estimate, 28.4% of Scion's Q2 2021 portfolio is currently hedging against inflation. I arrived at this number by going through the individual positions of Scion's Q2 2021 13F, using the "Think Back" function in ThinkOrSwim to estimate options contracts prices, and summing the resulting positions together. + +# US 20+ year Treasury ETFs (7.6% of Scion's Q2 2021 portfolio) + +Burry's treasury instrument of choice is the 20+ year bond. This is a direct play on inflation where he's essentially concluding that the Fed will eventually need to raise interest rates which will lead to an increase in bond yields thereby causing their prices to fall. TLT is tied to the bond price itself. TBT is tied to the inverse of the yield (so when the yield falls, TBT goes up 2x that rate (in theory)). + +He has positions in both TLT and TBT (see below for descriptions). It should be noted that both of these positions first appeared in Scion's 13F in Q1 2021. It should also be noted that he reduced his TBT position and increased his TLT position in Q2 2021. His TLT position is the third largest position in his Q2 2021 portfolio (which, in my opinion, says something about which ETF he prefers). + +**Put Options on** [Ishares 20+ year treasury bond etf (TLT)](https://investopedia.com/articles/investing/031915/overview-tlt-etf.asp) **- 7.2% of current holdings** + +Probable Burry thesis: rising inflation over the mid- to long-term will lead to the need to increase interest rates, leading to increased yields and making these 20 year bonds less attractive. + +Some context: The U.S. Treasury announced plans to start issuing 20-year treasury bonds in January 2020. The benefits to 20 year treasury bonds are that they're relatively safe, their value could increase if interest rates drop, and they're relatively liquid. The cons are that they're over a 20 year period (meaning you lock in very low interest rates at which you get paid), inflation may occur over that 20 year period and lead to an increase in interest rates that you'll miss out on, and rising interest rates in general hurt the value of these bonds (link). + +**Call Options on** [Proshares trust ultrashort lehment 20+ year treas etf (TBT)](https://www.zacks.com/funds/etf/TBT/profile) **- 0.4% of holdings** + +Probable Burry thesis: this is the same 20+ year treasury bond mentioned above so the strategy is likely the same. The difference here is that it's a call on a 2x inverse bond ETF. + +Context: The ProShares UltraShort 20+ Year Treasury seeks daily investment results, before fees and expenses that correspond to two times the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. (from Zacks article linked above). + +# Energy, Commodities, and Transport (11% of current holdings) + +Commodities are a fairly traditional inflation play. This [article](https://www.investopedia.com/articles/investing/020816/importance-commodity-pricing-understanding-inflation.asp) on investopedia gets into some of the details regarding the relationship between commodities and inflation. The challenge with each of these companies is determining whether the company is an explicit hedge against inflation or whether it’s a value investing play. + +[Ovintiv Inc.](https://www.prnewswire.com/news-releases/ovintiv-reports-second-quarter-2021-financial-and-operating-results-301342593.html) **(Pan Canadian Energy - Encana Corp.) (OVV) - 4.06% of current holdings** + +This is the 6th largest Scion position and the 2nd largest shares-only position (i.e., no options contracts). + +Probable Thesis: First, it's an oil & gas company (meaning the commodities checkbox is checked on this one). Second, it's arguably a riskier investment at the moment. They have very little cash on the balance sheet (enough for 1 day of operations). They are currently redirecting their cash flow towards paying down long-term debt which in itself is another positive for inflationary times (one group that does particularly well during inflation is debtors as the debt inflates itself away). + +[Scorpio Tankers](https://seekingalpha.com/article/4438157-scorpio-tankers-has-more-upside) **(STNG), SunCoke Energy (SXC), and** [Golden Ocean Group Limited](https://seekingalpha.com/symbol/GOGL) **(GOGL) - 2.9%, 2.4%, and 1.7%** + +I grouped these positions together as they each clock in below 3% of the overall portfolio. Each of these was also an existing position that Burry added to in Q2 2021. + +***Scorpio Tankers and Golden Ocean Group*** + +These two are likely plays on ocean freight/transport inflation. Scorpio is tied to oil transport and is a proxy play on any boost to oil demand that occurs at the global level. Golden Ocean Group looks similar but tied specifically to dry bulk goods. + +***SunCoke Energy*** + +This is the one that I'm leaning more towards "value investing play" and less towards inflation (but I could be wrong). The arguments in favor of it being an inflation play are that it’s a commodity company (coal), it just recently started paying a dividend, and its been working towards deleveraging (at least that was the case earlier in the year). These are themes that you'll see in other investments such as CVS Health below. + +# Revenue Mammoths (9.8% of current holdings) + +The final group of companies are the revenue mammoths. They hail from the retail, grocery, and pharmacy sectors. All four of these organizations are in the top 31 companies in the world by revenue. They have some combination of pharmaceutical distribution and retail/grocery. They offer dividends with two of them being dividend aristocrats. + +**CVS Health (Call Options and Shares) - 4.7% of portfolio** + +Interestingly, CVS Health is the only stock where Burry is currently holding both shares and call options. They are the [7th largest company in the world by revenue](https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue) (hence the revenue mammoth term). + +The characteristics that make CVS an interesting potential inflation play are: + +• They have a large pharmaceutical distribution presence + +• They have a large health insurance segment + +• They have a sizeable retail store segment + +• They froze their dividend in 2018 to pay down debt related to their Aetna acquisition + +What makes these intriguing characteristics from the inflation perspective? + +Healthcare and pharmaceuticals have consistently beaten inflation over the past several decades. Pharmaceutical drugs continue to trend up. CVS owns a pharmacy benefits manager which, as a business, is incentivized through proportional rebates to push pricier drugs where they can. + +From the retail perspective, their "front" stores are essentially baskets of goods which can pass on the costs of inflation to the consumer. + +Lastly, the most intriguing reason (in my opinion) is their current strategy to pay down long-term debt. Their stock price is arguably depressed due to the massive $69 billion acquisition of Aetna they made in 2018. They had been increasing dividends every year for almost 2 decades before this acquisition, at which point they froze the dividend and put the money towards their debt. They estimate that they'll hit their debt-to-capitalization ratio in Spring of next year (I personally think it will be summer or fall of next year). At that point, it is anticipated that they will resume dividend hikes and share buybacks as they've done historically. + +With CVS, you have a potential case where the 7th largest company in the world by revenue is undervalued due to a large amount of debt that they are slowly and steadily paying off in an advantageous inflationary environment with a predicted return to hiking their dividends in 2022 (and they appear to be largely inflation-proof). + +**The Opioid Twins: McKesson Corp. and Cardinal Health (Call Options only) - 2.9% of portfolio** + +Two more pharmaceutical revenue mammoths: McKesson clocks in at #12 on the largest companies by revenue list and is the largest pharmaceutical distributor in the United States. They also own a chain of 4000 pharmacy stores. Cardinal Health clocks in at 14th by revenue and is in the top 5 largest pharmaceutical distributors with McKesson. Both offer similar inflation characteristics to the ones listed for CVS Health with the difference being that CVS owns a health insurance plan on top of their pharmacy retail/PBM businesses. + +Another key difference between CVS Health and the duo of McKesson and Cardinal is that McKesson and Cardinal Health were penalized in July of 2021 for their role in the Opioid crisis. Cardinal Health [expects to pay $6.4 billion over 18 years](https://www.dispatch.com/story/business/2021/07/22/cardinal-health-pay-6-4-billion-part-opioid-settlement/8053626002/) for its share of a $26 billion opioid settlement. It's possible that this legislation is currently a drag on these two stocks. + +**Walmart (Call Options only) - 1% of portfolio** + +Walmart is an interesting case because, at first glance, it appears to make more sense as an inflation play than the rest of this mammoth revenue group. Walmart is the largest company on Earth by yearly revenue. They have a strong pharmaceutical presence like the other companies in this category though over half of their revenue is actually from their grocery segment. + +What makes them an interesting inflation play is that their stores are literally giant baskets of goods. They have a large breadth of products which allows them to keep the prices of various product categories lower than their competitors. They also own the basket that the goods live in (along with the land around the basket). Real Estate is a well-known inflation hedge. + +Thanks for reading. +**TLDR: The real danger is not pension funds teetering on the edge. The real 'danger' is what this signifies as a catalyst for MOASS. 10-min read.** + +Bonjour, Apes and Apettes. Just checking in with a little DD snack. I do macro analysis, so it always sends a frisson of guilty pleasure along the shaft of my twitching crayon when dipshits who are long on ego and short on experience pull the pin on larger fiscal grenades and I get the opportunity to strap in for a deep dive. So here’s the 4-1-1 on why the UK pensions crisis is a bullish indicator for apes… + +Firstly, the momentous nature of this so-called 'fiscal event' must be **triple-underlined**. For context, the last time the yield curve on UK gilts [inverted to this degree](https://www.standard.co.uk/business/major-warning-on-uk-economy-as-gilt-yield-curve-turns-upside-down-b1023433.html) was shortly before the 2008 crash. + +**The Problem** + +People are up in arms about the now-former UK Chancellor Kwasi Kwarteng’s dumbass, ill-conceived ‘[mini budget](https://news.sky.com/story/mini-budget-the-key-announcements-from-the-chancellor-at-a-glance-12703687)’ causing market chaos and putting pension funds at risk. This spiked interest rates, sunk the value of the bonds, and impacted a thing called the ‘yield curve’. + +[Banks use this one simple trick to predict recessions](https://preview.redd.it/qvm7yzydmcu91.png?width=2100&format=png&auto=webp&s=8df214048bd0fd6bcb6379e25fb276466ac1d28a) + +**The Reason** + +How did he do this? Well, it goes without saying that markets - particularly fixed income markets – are totally hot for stability & consistency; debtflix and chill, so to speak. The yield curve can be viewed as a fear gauge for debt markets, similar to the VIX measuring sentiment in the S&P500 or the SKEW measuring potential tail risk with options distribution. A spike in yields is inverse to the value of the bond. This means that, while the coupon - the return - is greater, the instrument is less valuable were it to be sold on the open market. The higher the yield, the further the credit rating of the issuer falls until you find yourself in the [junk bond market](https://corporatefinanceinstitute.com/resources/fixed-income/junk-bonds/). High risk = high return. + +Shorter term bonds & gilts (the British version of T-Bonds, short for ‘Gilt-Edged Securities’) like, for example, a 2-year, are less susceptible to yield jitters because it is lower risk. The longer you commit your money – say to a 10, 20, or 30-year – the greater the risk of default, and therefore your rewards should be higher commensurate with this risk. This applies less-so to wealthy, first-world governments like the US, UK, Germany, Japan etc, than to municipal bonds or debt notes - warrants - issued by corporations. France is less likely to go bust than a semiconductor startup. Not much, but a bit. + +**The Infinite Money Glitch** + +So, much like other theories relating to catalysts for MOASS, here is where the infinite money glitch makes an appearance. Pension funds take their gilts and borrow against them, leveraging the collateral assets in repurchasing markets like GC Repo ([Gilt Collateral Repurchasing](https://www.bankofengland.co.uk/statistics/yield-curves/terminology-and-concepts)) and LDI ([Liability Driven Investment funds](https://www.insightinvestment.com/globalassets/documents/recent-thinking/eur-an-introduction-to-ldi.pdf)). They then take their new cash and buy more gilts, take their new gilts and get new cash, take their new cash and… Yadda yadda. The genius of rehypothecation is it’s totally foolproof, bro. + +**Totally Foolproof Until You’re Totally Margin Called** + +Another component in play is inflation. Inflation is not necessarily [a bad thing](https://www.dentons.com/en/insights/articles/2022/july/20/the-effect-of-rising-inflation-and-interest-rates-on-pension-schemes) for pension providers, as their investments in gilts, bonds, bunds etc can add funds to the pot despite the value for money in the end payment to beneficiaries being nibbled away at. Although more a global symptom than anything that can be entirely pinned back by national governments and central banks, the problem is that a rise in interest rates - particularly an unforeseen, rapid spike – [crashes the price](https://www.reuters.com/markets/europe/uk-bond-prices-collapse-after-sterling-hits-record-low-2022-09-26/) of the underlying gilt, wiping out the value of the underlying assets on the balance sheets and reducing the pot from which funds are able to pay pensioners. + +[That just cost your grandmother a year of early bird specials](https://preview.redd.it/ysd8hoto36u91.png?width=713&format=png&auto=webp&s=e068b92aa2151cbd39217e0dfe46681a43aa5e53) + +The yield curve states that these bonds are now worth a whole whack less were they to be sold on the secondary market, and when that value is hit, just like in any other market, [margin calls are triggered](https://www.treasuryandrisk.com/2022/10/14/uk-pension-funds-dump-assets-to-meet-margin-calls/?slreturn=20220917073223). These margin calls in turn trigger further gilt sales, creating even more sell pressure. Empty that pot entirely and the fund is bankrupt, now with no assets to raise further capital against, and the funds that people have spent a lifetime paying into suddenly don't pay them their pensions no more. For a frame of reference here, consider the unalloyed chaos that the fallout from [Robert Maxwell’s plundering](https://moneyweek.com/505757/great-frauds-in-history-robert-maxwell) of the pension funds of a single company caused (Jeez. That family just doesn't have one iota of a redeeming feature, does it?). Anyway, the infinite money glitch had escalated into an infinite risk loop in the blink of an eye, and there's no telling how far throughout the financial ecosystem this wink could spread the contagion. + +**'The pension funds! Dear GOD, won't someone think of the pension funds!?!?’** + +So why did everyone start panicking? Well, the noble-but-retarded idea of the mini budget was to kickstart the UK economy post-Covid by dropping taxes to increase growth. And remember that this was not Kwarteng's scheme alone, it was the entire reason the current UK Prime Minister, Liz Truss, was elected. They even christened it with the standard suffix, and Trussonomics was born without a hint of tongue in cheek. TrusTeng's plan was to: + +* Maintain a Corporation Tax level of 19%, cancelling a planned rise to 25% +* Scrap the 45% tax rate for those earning over £150,000 +* Bring forward a cut in the basic rate of income tax from 20% to 19% +* Cancel the 1.25% national insurance rise introduced earlier this year +* Scrap the cap on bankers' bonuses + +If you unquestioningly chow down on the veiny party member when it's offered up, then you should be convinced of causality rather than happenstance. The problem is that the plan is/was [entirely unfunded](https://www.kent.ac.uk/news/society/32453/blowing-the-budget-expert-explains-why-the-conservative-mini-budget-is-so-toxic). There were no spending cuts, and, at the same time, it would not be paid for with either further borrowing or tax rises elsewhere, inviting a bill of £45 billion. Top that off with the guys whose job it is to independently cost fiscal pledges, the [Office for Budget Responsibility](https://www.bbc.co.uk/news/uk-politics-63080164), not getting a bump of pre-warning let alone a line, and this plan's trajectory towards disaster was reaching terminal velocity. How do you cut taxes without offsetting this giant black hole with massive borrowing or spending cuts? Short answer: you don't, and thus the markets spiralled into panic, Sterling crashing to near parity with the Dollar, interest rates skyrocketing. This spike also impacted the rates that the UK government would pay to borrow money, meaning they couldn't even issue new bonds without getting hosed to the bone. Kwarteng had basically written a choose your own adventure book where every turn of the page got you eaten by orcs. + +**The Bailout** + +This forced the Bank of England into field medic mode, with Andrew Bailey launching a [£65 billion spending spree](https://www.reuters.com/markets/europe/bank-england-buy-long-dated-bonds-suspends-gilt-sales-2022-09-28/) to prop up the bond market in an effort to stem the blood loss from a blue-on-blue bullet wound. Remember that the UK government is the bond issuer. The BofE's role was to hike bond prices by injecting cash into the market. You went to dinner with Truss and Kwarteng, only to watch them get blind drunk, punch a waiter, piss on the bar, then stick you with the bill for the damages. Your reputation has been horrifically damaged by your so-called friends. Possibly irreparably. The secondary problem with injecting billions into a hot market should be obvious by now – you’ll end up in a vicious spiral of inflation and stagnation; the dreaded ‘stagflation’ – but that's a problem for tomorrow’s central banks. + +[Andrew Bailey bringing that big-D energy](https://preview.redd.it/ka5hwc2d26u91.png?width=960&format=png&auto=webp&s=00693016b186d902f265c25054de974d277c697e) + +**The Outro - What this could mean for MOASS** + +So back we go to yield curve. This 'fiscal event', this 'mini budget', was not a black swan event, wasn't unexpected (NB - ALL funds and institutions in the City worth their salt were [shorting the Pound](https://fortune.com/2022/09/26/short-the-pound-uk-government-liz-truss-kwarteng-budget-hedge-funds-george-soros/) before Kwarteng’s announcement, begging the question of whether they were given a friendly heads up), and wasn't an existential threat to world banking. Such a large number of pension funds immediately throwing up their hands and screaming girlishly that they were teetering on the precipice could only mean one thing; they were/are [dangerously over-leveraged](https://www.itv.com/news/2022-09-28/why-the-mini-budget-threatened-to-bankrupt-pension-funds). The pensions of hundreds of thousands of people – a one TRILLION-pound investment – are predicated upon dark, dangerous, fragile bets. The question is no longer 'Where have we heard that before?', it's now 'How many times this week will we hear this?' + +The issue is this: [Pension funds hedge](https://www.bloomberg.com/news/articles/2022-10-06/how-uk-pension-fund-risks-almost-toppled-britain-s-bond-market) with the best of 'em. They’re risk off by nature. They aren't savings & loans, aren't hedge funds, aren't venture capitalists. They're a different animal, given trailer loads of cash with a level of trust not associated with any other 'investment' and trusted to make 'smart' decisions with your retirement funds. This is literally the safest vehicle imaginable, with that safety baked in under UK law... But this twitch nearly bankrupted not some, not a few, but MOST. + +[Ouch](https://preview.redd.it/fjrq0vnix5u91.png?width=640&format=png&auto=webp&s=94a2abdf1ffa118e2bea6e58639c239373ae7ab8) + +**The Canary in the Coalmine** + +I [wrote about this](https://www.reddit.com/r/Superstonk/comments/ptwy8m/china_may_have_won_world_war_3_without_firing_a/?utm_source=share&utm_medium=web2x&context=3) when Evergrande began to melt down; at what point will GME stand head and shoulders above the bloodbath as a safe haven? The European company with one of the largest exposures to the Chinese behemoth? Prudential. Ask a Brit of a certain age. Prudential have spent decades meticulously [crafting a reputation](https://www.thisismoney.co.uk/money/markets/article-7357543/Man-Pru-pasture-Prudentials-UK-arm-spun-off.html) as ***the*** trusted pensions and insurance provider. Not ringing a bell? Ask your parents about the ‘Man from the Pru’ campaign. I guarantee your folks, aunts, uncles, and grandparents did business with them unquestioningly. Then there’s American Century, Amundi, Aberdeen, APG, and on and on and the risk on list goes on. + +If these fund managers are looking up and pondering a potential disaster rather than picking through the fiery remains, then the meteor hasn't hit yet. However things literally designed to be bulletproof financial safe havens are proving to be anything but. Pensions aren’t the only vehicle facing existential risk, but they just might be the canary in the coalmine. + +If you believe, as I do, that the [catalyst for MOASS](https://www.reddit.com/r/Superstonk/comments/pm9v7j/put_the_oxygen_system_over_your_face_securely/?utm_source=share&utm_medium=web2x&context=3) lies at the end a series of seismic global financial events, then an existential wobble in two of the world's safest investments - gilts and pensions - should be pinging all of the buttons, buzzers, and lights on the dashboard of your GME rocket. + +Idiosyncratic danger, Rill Wobinson. + +**Post Script** + +Of course, it should be noted that Kwarteng is an ex-Secretary of State for Business and a former analyst at JP Morgan, Odey Asset Management, and WestLB, meaning he should have at least a basic grasp of economics. His replacement is Jeremy Hunt; a fiscal illiterate and failed creation of Dr Noonien Soong, so a chap clearly well-qualified to turn this shitshow around, having been a generally-disliked Health Secretary, a generally-disliked Foreign Secretary, a generally-disliked Secretary for Culture, Media, Olympics, and Sport, and a probably-generally-disliked founder of at least three failed startups. This appointment can only end well, and has begun, natch, with a total u-turn on almost every pledge made by TrusTeng, seeing the [pound trading stronger](https://www.exchangerates.org.uk/news/36751/2022-10-17-mini-budget-2-pound-and-markets-welcome-complete-reverse-of-unfunded-tax-cuts.html) against the dollar, long-dated gilts trading cheaper, and the FTSE100 up a shade. The gravity of this unprecedented move in UK politics cannot be overstated. + +**"\[Truss's\] original vision for a Conservative government has not survived contact with reality." Chris Mason, BBC Political Editor.** + +Being that this was the entirety of the platform that Truss campaigned upon, it poses the question of whether she [can stay on](https://news.sky.com/story/jeremy-hunt-announcement-live-mini-budget-u-turns-basic-rate-income-tax-liz-truss-politics-hub-12593360) at 10 Downing St at all. + +[And finally, here's Wilbur with his rocket](https://preview.redd.it/keyuouya56u91.png?width=640&format=png&auto=webp&s=5a67264f48e12d5d284c2b631c8ba2f3d266ed6c) + +As per usual; this is not financial advisor, I am not financial advice. We are in an existential economic battle with some of the most brilliant and immoral financial minds of this or any other generation, and I, for one, am having a great fucking time. + +Edit: Typos and updating read time from an earlier, shorter draft! +* The U.S. Justice Department has launched a criminal investigation into allegations that top poultry processors colluded to keep prices artificially high. +* The probe came to light after federal attorneys sought to intervene in a long-running lawsuit in which customers accused chicken processors, including Tyson Foods Inc., Pilgrim’s Pride Corp., Sanderson Farms Inc. and Perdue Farms Inc., of illegally cooperating. The processors have denied the accusations. +* The government asked a federal judge in Illinois to halt evidence-collection in the suit for six months to protect a grand jury investigation into the matter, lawyers from the department wrote in a motion filed Friday in Chicago. A ruling is expected Thursday. +* Plaintiffs ranging from independent restaurateurs to Walmart Inc. and food distributors such as Sysco Corp. have sued chicken companies over the last three years, alleging they improperly shared data and influenced meat-industry benchmarks to push up chicken-meat prices. +* Meat companies have denied claims that they cooperated to boost prices, attributing higher prices to stronger demand and reduced production after a tough period for the U.S. poultry industry in the late 2000s. + +https://www.wsj.com/articles/justice-department-investigates-chicken-industry-11561495088 +I’ve been looking forward to passing the xxxx milestone and I did it finally. Bought 20 on the dip. What an eye opening last few months it has been. Really appreciate this community. I like the stock and I’m excited about the squeeze. Keep buying from GameStop, supporting the companies social media and buying and hodling when you can. +I've typed this out on mobile so I am sorry if there is any weird formatting. + +Preface: + +I decided to make this post to share my thoughts as a long time viewer of u/gherkinit's stream and with the hopes that the divisive sentiment will change. We have come a long way through all kinds of bullshit and there is one thing I believe that is important to this whole situation and that is our community; for the most part we respect each other but what has been going on with u/gherkinit has not sat right with me so here I am talking about it. + +Remember, they have one goal and that is to destroy this community, there is a reason that there have been subreddit migrations in the past, and they will try to cause rifts and doubts in your mind in what is posted here. The most important thing in my opinion is to just sit back and enjoy the ride at this point, the daily price does not matter. + +I am not trying to defend gherkinit at all with this post but just sharing what I have seen and feel so that you can form your own opinions. + +Intro: + +I started watching gherkinit's stream maybe 6 months ago, his was a stream I turned to because I saw his daily TA posts and at the time there was almost no other GME streamer. It was a stream with less than 200 people and he barely had a working camera and his green screen was donated to him by someone in the community. For me the low viewership was perfect because I knew I could rely on this content. Other streamers like Matt Kohrs etc. Literally just abuse their viewer base but that is a separate topic. + +The stream was fun to listen to most of the time we just made our own inside jokes and talked about pineapple pizza, coffee, movies and whatever, it was just a place to sit and watch the ticker with a group of people who also held GME, there was also moments where gherkinit would explain basic market mechanics and TA fundamentals. + +One thing this sub will state is that "TA does not work on a manipulated stock". However, one thing gherkinit has always stated is that "TA was designed on a manipulated market." The whole market is manipulated so yes it can work on a manipulated stock, there are algorithms that trade based on certain chart patterns formed now, and whether it is a "self-fulfilling prophecy" or not, these chart patterns are important for indicating what might happen in near term future moves. + +"Gherkinit is trying to get you to gamble on options": + +This is just incredibly false. The options talk seems to be where a lot of dissent has come from and is what has lead to a lot of the attacks you see here on the sub. u/gherkinit from the beginning has been clear that if you do not understand how options work, you should not play them, and if you do understand them, don't make dumb plays by gambling on 0dtes, try further out more reasonable targets to succeed. This is all good advice. + +This sub simultaneously will hype Gamma ramps and slam anyone trying to play options as fud. On the one hand we are going into the millions, but on the other an options play far out for $250 strike is risky. Do you not see how irrational this is? + +On options as well here seems to be a big misunderstanding of who profits from these sold. Somehow it's always Citadel profiting, and they aren't hedging options anyway so it won't cause buy pressure but this is incredibly false. There are people who don't believe in the GME bull thesis with a bearish stance on the stock who see this as an absolutely incredible opportunity to sell naked calls. What happens when their calls go into the money? They have to buy. + +This logic is why u/gherkinit has promoted reasonable options as a means of amplifying MOASS. Because at the end of the day when the float is DRS'd or mostly DRS'd we don't know exactly what will happen, and it may not force a complete closure of positions. Options can provide this volatility and forced buying. + +"He is milking his viewers for money with his monetized channel": + +I can say with complete confidence that gherkinit has never asked for a single donation. Some people donate because he has literally paused his day job to talk about GME and he has educated a good portion of us on basic market mechanics. No one is coerced into donating, he has subscription levels because youtube requires it from streamers. + +"His posts aren't reaching the front page organically": + +Yes they absolutely are, like it or not, his discord has a huge following and when he makes a post it is posted there, a notification pops up and discord followers upvote and comment. It's as simple as that. + +"He has an anti-drs stance, and hasn't drs'd his shares": + +I think where this has come from is the early days when people were first discussing DRS, there were posts about its efficacy but in gherkinit's opinion at the time we had no evidence. We didn't see FTDs piling up for example, so his stance was uncertainty until the evidence of increased FTDs came out. This of course would take months before it matured but it clearly has since then so his stance has changed on drs to being positive. + +So why hasn't he drs'd now? He is ABSOLUTELY A NARCISSIST but that's okay just understand he needs to be right - I think this is valuable because he has learned to look at evidence before jumping to conclusions. In those early days when he didn't immediately jump on the drs bandwagon without evidence and had expressed uncertainty he was absolutely attacked. I witnessed people calling him and others leeches on the stream and I think at this point he probably just wants to prove a point by not drsing. Or maybe he has drs'd some and I'm completely wrong and he just doesn't care to make it public because he doesn't feel like he owes you anything and at the end of the day it's really none of our fucking business what he decides to do with his shares and money. + +Final notes: + +I can't comment on much else recently as I have not been in his streams as often as I used to be; I simply don't have the time anymore and I feel like I learned everything I could. For me the bandwagon witch-hunting is not doing any good for the community and is EXACTLY what the SHFs would want. + +Remember as well we are all only human and mistakes are easy to make, when under the microscope and constantly attacked there is absolutely going to be emotional responses sometimes. Take his content and anything you see here with a grain of salt, you need to decide things for yourself, and remember that your actions are important for the community in the end. + +Anyway thanks for hearing out my rant, enjoy your Christmas and holidays and remember to be good to each other. + +GMERRY CHRISTMOASS AND WHALE TEETH FOR THE NEW YEAR! +My income is about to increase from 100k a year gross, give or take (I'm a small business owner) to 2.8 million a year gross. I have a contract for x amount as salary for x years plus a very lucrative licensing deal, making the 2.8 million a year a conservative estimate. + +I must admit that I am not the "best" with money in terms of investing it. I currently contribute $900 a month to retirement accounts on Ellevest (I know, I know) and I have a lot to learn. + +Given the increase in income I want to know what I can do now to make sure I am set for life later on. I am 29F, living in NYC, and have roughly $30,000 in student loans and some minimal credit card debt. + +Is there anything I should be doing? What retirement accounts work for me? Should I invest? Can I do this on my own or do I need to speak to a financial advisor? What are some things I should be aware of when seeking one? Just looking for the basics so I know what are some "main idea" things I need to be doing. + +My main goal is that I am interested in purchasing a townhome here in NYC but realize I may need to wait a few years to do so as they're very expensive. On a 2.8 million dollar salary, assuming I take care of my student loans and credit cards immediately, is it out of the realm to afford an 8-10 million dollar home? That's about the ballpark for a brownstone in an area I like. I don't have any major vices or expenditures, but I definitely want to buy a home. + +Thank you. + +Edit: Holy shit, these replies! Thanks to everyone. I'll try to respond to as many people as possible. +I’m literally at my wits end I just need to vent. Im a young adult who’s been living in my own apartment for the past 6 months or so just because of such a toxic home life. Earlier this week while visiting home I finally came out to my parents and the room went silent like dead silent. I left shortly afterwards to go back to my apartment and it wasn’t until my card was declined at the grocery store the next day that I realized there was an issue with my bank account. I called up the bank who said an authorized user made the withdrawal so I texted my parents and they literally admitted to taking out the money and said along the lines of “you’re no longer our daughter so it’s no longer your money”. Of course I was extremely upset about all that and now on top of it I’ve been unable to afford my rent or even utilities this month so I’ve been begging management and my coworkers at work to give me extra shifts in the hopes that I can atleast keep my head above water. Why does family drag family down? I just wanted a better life and now I’m in the worse financial state I’ve ever been in. +Yeah, I realise that wealthy people keep the large majority of their assets in the form of property or shares and other tradable assets etc, but clearly some of them will be dealing with enough assets that they'll still be holding a lot of dollars. But with bank accounts only being federally insured up to $250,000, what do they do with really large amounts (7+ figures)? +So we are looking at this ranch thats just over 200 acres and we are trying to find ways it can generate monthly income. Currently there are 4 houses on the property that generate monthly income but it's still not enough to cover the mortgage. Some of the ideas I had were to create a wedding venue, start a hip camp, lease some of the land to farmers and even turn the units on the property into airbnbs to create higher yields from the homes. I also have heard of government grants that pay you for having things like owl boxes on the property but i cant find any info on it. The monthly mortgage would be about 12k. Its a dream to own this but i need ideas to make it possible and lucrative. Weddings are a huge money maker where we are at as well, Any ideas or tips would be helpful. +I've always wondered this. I'm 35 and a fit and healthy male. + +I see lots here about paying into my pension. It's something I do, I run a small company and the 12k a year I put into my Sipp gives my business tax relief. + +However, how many people today, will make it to retirement.....has anyone got any percentage data etc. + +It won't make me stop paying into my pension, I'm just interested to find out. +I keep watching Starbuck's share price fall and it's now definitely on my radar. I'd strongly consider it if it fell to the $65 range (3%+ yield), but even there I feel there's a lot of risk. + +Obviously the unionization is picking up steam. There were less than 3 petitions to unionize in October of 21, and now in April of 22 just 6 months later there are nearly 200. It's not like Starbucks has insane margins to begin, and if its workforce trends to unionized those margins will collapse to paper thin (which threatens the dividend, obviously). Good for society? Maybe. Good for a sustained and growing Dividend? Not at all. + +Starbucks has also shown to crumble under political pressure. Bernie Sanders among others attacked their $20 billion buyback plan and they crumbled and abolished it. But what you'll notice is those attacks also name dividend distributions. Both buybacks and dividends are being lambasted and they already canceled the $20 billion buyback plan. My confidence that dividends aren't on the chopping block is about zero. Certainly raising them at all will be met with scrutiny, and I don't know if the board has the gumption to do so. + +The company is under a microscope and has a lot of risk carried with it when you consider unionization, and their proclivity to cave to political pressure. + +What do you all think? Buying more at current price ($79.86 at time of posting), waiting for it to fall, not touching it with a 10 foot pole? +well, today was finally the day! i don't really talk in these terms elsewhere (the topic really makes a lot of people jealous / confused / frustrated, i have found) so i am appreciate of the opportunity to share my FIRE status here. i achieved FI about a year ago and today was the realization of RE as i had my last day at work. i dropped off my work laptop and cellphone two hours ago, and now it's done: i'm jobless for the first time since i left graduate school 23 years ago. heck, i've been working at least part time since i was 13 as i imagine many of you have been. + +i've ben feeling a whole host of emotions to be sure, though the excitement is finally peaking vs. the anxiety associated with such an enormous change. i know i'm ready, and i'm well prepared so that the family is in good shape. so why worry, right? my wife and i are in our mid-late 40s and have $3.5M in our investment portfolio, with good positions in post-tax brokerage as well as retirement accounts. our cash cushion is in a good spot to carry us through the present wild times for several years without "needing to" sell assets. our WR will be low 3% at present, and will likely decrease further depending on whether if/when we take on some fun work ideas we have been exploring. we are also relocating to a lower COL area shortly. + +we can all do this! thanks to so many for great information and guidance along the way. i look forward to reading more stories of people hitting their FIRE goals! +Ladies and Gentlemen, Boys and Girls. This is the One. + +I know some of you only clicked because of the $10K portfolio give away so I'll get it out of the way now ->[ Article on how to win $10K portfolio](https://only1token.medium.com/only-1-token-the-10k-portfolio-giveaway-e8bc4a4e0eb3) + +But if you’re trying to make more than that then you’re in the right place. + +We know that the entire market is correcting right now but we have managed to double the amount of holders. We added over 2000 Twitter followers through some giveaways. And the TG continues to grow. TikTok/Youtube[ videos](https://www.youtube.com/watch?v=14xdujlZMe8) have also been released. + +The goal - we are going to be the highest costing asset in the world (There is literally only 1 token) -> there is more than just 'meme' energy on this project. Join the Telegram and you will find a serious marketing team along with actual Apps being developed. This is still very very very much early stages of the project, once this picks up steam in the next few weeks, everyone outside of the crypto world will be talking about it and crypto users will benefit from our Apps that are being developed. Look at the market cap right now, if you get in now then you will be seeing growth of x10-20 in the next few weeks. + +**Tokenomics:** + +* Market Cap = Price +* Total supply - 1 +* Max Buy/Sell - 0.01 +* Tx fee - 10% +* Liquidity - 5% +* To Holders - 5% + +&#x200B; + +**LINKS** + +* Telegram: [https://t.me/only1token](https://t.me/only1token) +* Website:[ https://www.Only1Token.com](https://www.only1token.com/) +* PancakeSwap -[ https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41) +* Locked Liquidity -[ https://dxsale.app/app/pages/dxlockview?id=0&add=0x1B0BC89da91F9C8b483D7249c0b3b6B012EbE81a&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x1B0BC89da91F9C8b483D7249c0b3b6B012EbE81a&type=lplock&chain=BSC) +* Ownership Renounced -[ https://bscscan.com/tx/0x91d377a8cfe22e31bd0476933d1db3c9ffde205b5b8c81c8ba94aad499ae8d8c](https://bscscan.com/tx/0x91d377a8cfe22e31bd0476933d1db3c9ffde205b5b8c81c8ba94aad499ae8d8c) +* Coin Info -[ https://bscscan.com/token/0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41](https://bscscan.com/token/0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41) +* Chart-[ https://poocoin.app/tokens/0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41](https://poocoin.app/tokens/0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41) +&#x200B; + +This is a new post after some interest in a comment ***why I believed the S&P is going to 1700***. + +**Update 3:** I am going to limit my answers in the comments guys; as the post becomes more popular it is becoming more diluted with snark etc. *I don't expect anyone to follow my opinions; I just want to share one aspect of why I am making the trades I am. I maybe wrong. Random walk and all that..* + +**Original Disclaimer**: *This is based on historical precedence and we are in unprecedented times but, with history as our guide a strong argument can be made for the S&P to decline to a level that is currently inconceivable.* **I have disclosed all my positions near the bottom.** + +**Update 1**: *Slightly long; happy to be challenged in the comments, it is late in the UK (2am) so may tidy it up and add more references and charts tomorrow.* **Update 2:** *Have expanded the post to answer as many comments and requests for references wherever possible and tagged in the requestors.* + +# Intro: Are we in a recession? + +If you believe so, or that we are heading into a recession then there are four things needed to support a genuine rally out of a recession + +&#x200B; + +* Fiscal policy +* Monetary policy +* Improving economic health indicators +* Accurate pricing reflecting the end of the recession and tempered optimism + +We are missing 2 out of those 4 criteria; the overwhelming monetary and fiscal policy (world-records) are compensating for lack of positive *indicators* and *volatile and bullish* *pricing*. + +# What do you mean by pricing? + +It can be argued that the current price of stocks is not discounting for the acute and likely chronic harm to consumer sentiment and spending power. For example; the UK clothing retailer Next Group closed their bricks and mortar stores (share price increased 4%) then they cancelled all online shopping (share price increased 3%) and finally they cancelled all orders with their supply chain (shares leapt 12.8% during the rally.) There is the massive amount of second, third and fourth order effects that this one company does to the UK economy (and Turkish factories). Suppliers, shipping, design, marketing etc all cancelled and the staff furloughed. + +This is one example but the indexes are currently full of similar examples and some analysts are ringing the alarm bells. + +&#x200B; + +>Lazard Asset Management are concerned that the pandemic “will persist longer than many investors suspect and that the economic damage will be deeper and potentially longer-lasting”. + +Reddit is quick to mention that *stonks* only go up but there is some truth to that sentiment at present since *any negative factors* are dismissed as being priced in and all positive factors are heralded as a cause for stocks to rally. If priced in was accurate then we would not see record-beating market rallies back to back. 10% volatility swings over 48 hours is the very definition of *not priced in.* + +There is evidence to suggest that, well, the bullish sentiment is wrong and mainly because it is [retail investors being taken for a ride](https://www.axios.com/coronavirus-stock-market-investors-buy-the-dip-80ae288d-619b-487a-acbd-8409c05db52d.html) whilst funds re-balance and offload. + +Retail traders "buying the dips" is normally a contrarian signal, meaning that it's time to sell. This section is for u/lntoIerant in response to a comment. + +# Edit to answer some comments about this portion thus far. + +**Do retail investors move the market?** + +* No, they act as a sentiment indicator that the market is reaching a peak absurdity. Similar sentiments have preceded major recessions in the past. When you hear a layman offering stock tips or googling *how to buy stocks* then we are reaching the precipice of a depression. new market entrants are not the same as traditional retail investors. + +**Are retail investors buying in greater volumes?** + +* That is hard to say because the majority of retail trades are done off-book. The trades are mixed in with portfolio moves or [using the retail service](https://www.fnlondon.com/articles/volumes-grow-on-nyse-retail-service-20130821) which is a dark pool. + +**Are retail investors dumb money?** + +* Well, no. Kind of. It depends. This [white paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2822105) indicates that retail investors are more knowledgeable, more profitable and better informed than previously thought. However, a lot of their trades, as mentioned above, are done off-book as part of a larger portfolio and they simply lose a fraction of a basis point because market timing is not that critical. + +&#x200B; + +# What does this have to do with the S&P dividend and the EPS? + +&#x200B; + +Major indexes are comprised of stocks that [pay handsome dividends](https://www.dividendinvestor.com/the-sp-500-dividend-yield-a-historical-analysis/); normally 2% yield a year. The companies have reached their limit of growth (HSBC haven't discovered 5 million new customers and Shell are not finding new fossil fuels) so investors hold the stock for **income-seeking reasons**. + +The FTSE 100 was priced in to generate £89 billion in dividends for 2019 and £90 billion+ in 2020. That has largely collapsed. + +The only companies that pay dividends are those taking on debt to do so like Shell. And they have; [a 10Bn credit line to maintain dividends](https://www.ft.com/content/ee832198-024b-4a0f-a61d-de767a1e6d6c). The Bank of England[had to slap 5 UK banks](https://www.ft.com/content/c13d3d21-b6f3-4449-a916-2ba4271818e4) from issuing dividends at this time. That means that their primary valuations as income-generating stocks are questionable... + +...especially since the dividends are not expected to return to the 2020 levels for another 10 years now. Edit to add: This portion is taken from the market report by BNY Mellon. [You can see the chart here](https://www.bnymellon.com/_global-assets/pdf/our-thinking/the-aerial-view/chart-of-the-day-march-31-2020.pdf). The analyst is John Velis of BNY. Thanks to u/flash_aaaah_ahhhhh for prompting me. + +&#x200B; + +>“By 2021, the market expects dividends per share for the S&P 500 to be down to under $38 per share (a staggering 41 per cent drop from recent highs of approximately $63 per share) and then to start slowly rising again. Going out 10 years to 2030, the expectation is that dividends will just about recover to pre-Covid-19 levels.” + +&#x200B; + +# + +# Main body: Onto the S&P + +In 2021 the market expects the dividends per share for the S&P to be reduced to $38 per share. That is priced in and common knowledge. + +That is a 41% drop from the recent highs of $63 a share and seems alarming for income seeking investors since we are not expected to recover to those prices for 8-10 years. [Source.](https://www.bnymellon.com/_global-assets/pdf/our-thinking/the-aerial-view/chart-of-the-day-march-31-2020.pdf) + +But DataTrek have noted that **we are still currently trading at 21X** the trailing 10 year earnings of $122 a share. + +Dividends per share normally don't fall as far as earnings per share. But they are inverted at present. +