diff --git "a/reddit_finance_43_250k_237.txt" "b/reddit_finance_43_250k_237.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_237.txt" @@ -0,0 +1,10000 @@ +For the S&P to be trading at 2,650 level (or even higher) it means the market does not believe the pandemic or recession will have any long-term damage. That puts us squarely at odds with items 3 and 4 in our list of factors needed to exit a bear market. + +# Talk to me about 2008! + +Thanks to u/mister_woody for asking for more data. + +&#x200B; + +* **S&P 500 high:** 1565.15, Oct. 9, 2007 +* **Low:** 682.55, March 5, 2009 +* **S&P 500 loss:** 56.4 percent +* **Duration:** 17 monthts +* **EPS decline**: 86 to 7 +* **Dividend decline**: 26-28 down to 22-24 + +In other recessions, including 2008, the dividend price per share drops approximately 12-15% but the earnings per share drop by considerably more; as much as 85%. + +That means that in 2008 financial crisis and subsequent bear market; the dividends per share dropped by a lower percentage amount than the ***total index value drop***. + +You can see that in [this chart here](https://www.gurufocus.com/economic_indicators/63/sp-500-index#63+59+58). + +&#x200B; + +* The market drop was approximately 56% and the Dividend drop was 14% +* The market drop was 56% and the earnings drop was 85% + +Right now, we have the reverse. Dividend share drop **in this market** is 41% (which is chilling) and market drop was approximately only 30% and rallying heavily back to the mid-20's only. That makes no financial sense unless the assets were being propped up by buyers... + +&#x200B; + +* **S&P ATH**: 3386 to 2488 on April 4th (26.5% drop) +* **S&P ATH Dividend**: From $63 expected to $38 (a 41% drop) +* **S&P ATH EPS**: + +If the S&P follows the same playbook at 2008-9, then we would expect to see levels of around 1400 at the bottom but that seems **extremely** bearish expecting that this crisis is worse than 2008. + +If previous indications hold true, then we would expect the S&P to drop by approximately 50-60%ish at the true bottom to reflect the 41% decrease in expected shares plus additional discounts and negative market sentiment. + +In reality, we are probably likely to pull back to between 13X and 15X trailing average which puts the S&P between 1600 (low side) and 1800 (high side). + +&#x200B; + +# You are putting a lot of faith in a re-run of the 2008 crisis + +I am. No doubt about it. After October 2008, stocks fell for [another four months](https://www.bloomberg.com/news/articles/2020-03-24/it-took-four-months-and-40-in-s-p-before-2008-stimulus-worked?srnd=premium), piling up 40% of losses before the recently ended bull market began in March 2009. + +# New market indicators + +Since I wrote this post, the DJIA was up over 4% and closed down on the day. + +Thank you to the[Twitter feed of Jim Bianco](https://twitter.com/biancoresearch/status/1247681027469950977) for this: Since 1925 (95 yrs!), up more than 4% and closing down on the day has happened only one other time ... Oct 14, 2008 (Tsy Sec Hank Paulson forced the banks to take TARP money). The S&P 500 was up 3.5% at the high and closed down on the day. Since April 1982 (daily H,L,C began) has happened three other times...Oct 3, 08, Oct 14, 08, and Oct 17, 08. + +This mkt continues to trade like Oct 08. It was six months and another 25% down before the low. + +[Bezinga are also playing up the 2008 similarities](https://www.benzinga.com/analyst-ratings/analyst-color/20/04/15728916/2008-playbook-suggests-current-period-is-calm-before-the-storm-for-stocks). + +# Why is bullish sentiment so wrong? + +The negative reports are so wildly negative that the almost defy belief. We are dealing with insane numbers way beyond our traditional frame of reasoning. This is topped only by the insanity of the scale of quantitative easing. Less than a year ago, a small movement in the non-farm payrolls would lead to a 2-3% move in the markets; now we are hitting 700K jobs lost, a truly ugly number and the market rallies hugely. Future economic students will study this to try and understand what was happening. + +In the space of *weeks* the majority of the Western economies have swung to being effectively state-sponsored, centralised economies and no one really knows how to unwind these positions. + +It is impossible to reconcile being a bull with a centralised state economy and blue-chip stocks that refuse to pay dividends but the share price remains at the same levels as when they paid a 2% yield. + +The [UK forecast](https://www.ft.com/content/33c03dc6-ceab-40e5-b61f-66829c5b9b2c) is for the deepest contraction since 1900. Business surveys have shown activity [crashing](https://www.ft.com/content/e8c47f34-32b7-44b3-8e8a-102f9d6c2ae6) faster in March than during the financial crisis. The Office for National Statistics has published experimental research on the [impact](https://www.ft.com/content/37215bb4-39a5-4265-97fb-95d8a105e5a1) of Covid-19 on the economy. + +&#x200B; + +>**With entire swaths of the economy having shut down “traditional forecasting methods become irrelevant”, warned Chiara Zangarelli, economist at investment bank Nomura.** + +Michelle Girard, economist at NatWest, said that while there was huge uncertainty about the precise magnitude of the contraction in gross domestic product in the second quarter, “there is little doubt that it will be off the scale” + +**That is not a bullish sentiment. It means markets are acting irrationally since fundamentals are being dismissed as priced-in. In reality; nothing is priced in.** + +# Disclosure + +&#x200B; + +Spreads + +* I am **long** VIX to 78 (expected by end of Apri but ideally by 24/4) +* I am **short** India to 7800 (expected by 15/05) +* I am **short** S&P to 2200 *(expected by mid-late of May)* *and will be to 1810-50* +* I am **short** Dow to 19000 *(expected by mid-late May)* *and will be again to 17000* +* I am **short** FTSE to 5200 *and will be again to 4800 (expected by mid-late May)* +* No current active hedges / all spreads due to being tax free profits in the UK +* Further spread betting the swings to the upside where I can to scalp + +Equities + +* I am holding a portfolio of streaming services and gaming companies +* I am holding Microsoft and Disney + +Currency + +* I own a very small quantity of crypto, primarily XRP + +# Edit to add: So, your entire thesis is totally destroyed if companies keep paying dividends? + +Yes. + +In a nutshell. + +But something else will be destroyed; the western taxpayer and future growth. + +&#x200B; + +* If companies are using 0% interest rates to take out loans and then transferring those loans a small 1% of the populace via dividends; that bill will come due to the citizen taxpayer and/or shareholder of the future +* If companies are taking federal or governmental aid to furlough workers but still paying dividends to shareholders? That bill will come due to the citizen taxpayer and effectively is an even more extreme form of socialising market losses; it means that we truly can never have a correction since the top 1% will lose. Not lose the investment itself, which can rebound, but will simply lose the yield on an investment and only for a short period of time. If we have reached a point where that is considered unacceptable then we truly are living in a new socialist, centrally planned world. +* Here is [Tesco defending their decision](https://www.ft.com/content/4719c92c-ab17-4852-92e6-533c682611f4) today of £635m in dividends...despite receiving considerable amounts of VAT, Rates and Rental relief from the UK Government (£585m)...they have done an admirable job and are profitable but this market signal and their stated *reasons* for doing so are alarming. + +>CEO said 'every pound we receive \[in rates relief\] will be invested in ensuring Tesco is able to support British shoppers...' That is tax payers paying a subsidy to a free-market company for the ability to shop...**and also...** +> +>Mr Lewis said that the **needs of savers and pension funds also needed to be considered in the debate around dividends**. “We’ve thought long and hard about our responsibilities here . . . we are in a strong position to pay out for the benefit of those people + +&#x200B; + +# Edit to add: What about the FED and stimulus + +&#x200B; + +u/tauriel81 and u/aliveintucson325 and u/100PERCENTYOLO_VEQT + +OK - to truly test my own assumptions; here is my argument AGAINST my position. + +The Fed have not quite *printed money* as Reddit loves to meme. They have issued *liquidity* and central banks worldwide have allowed banks to relax their requirement to hold reserves of cash. That injects money into the business world by allowing lending and borrowing to continue. It also reduces *theoretical* risk since the models are back within tolerance. + +When the time comes they will *remove the credits* gradually without causing hyperinflation. They do this by paying banks not to lend back into the system by holding a % of their assets at the Federal Reserve. So they pay the banks but the banks keep the deposit at the Fed and don't pass on the liquidity to potential borrowers..gradually and sustainably. + +[https://www.aier.org/article/powells-new-monetary-regime/](https://www.aier.org/article/powells-new-monetary-regime/) + +That means the borrower of the future (home purchasers, entreprenuers etc) will have very few credit facilities available so RIP to the long-term economic growth. + +We also have **unprecedented** government support for citizens. The largest social security welfare plan since WW2, especially in Europe. + +If you believe that the Western economies can weather this storm using the bridging devices by central banks then it pays to *dollar cost average* into the market and keep buying the dips as a retail investor. + +Lots of buoyant news from European nations and China about the slowing pandemic is overwhelming the negative leading and lagging economic indicators about economic data. + +**If you believe the economy can return to normal within 36 months, then it pay to be bullish and invest.** + +If you are day-trading, swing-trading or short-term options trading then the overwhelming market moves are likely to crush people as the system flexes under lots of volatility. You are also likely prioritising the negative news and technical analysis in your filter bubble and de-prioritising the positive news particularly when that news is fiscal or monetary policy since those things are dry, boring and incomprehensible half the time. + +So you miss *Fed backstops critical bankingi* and instead hear *UK Prime Minister in intensive care.* + +If you want to know what is going on... + +&#x200B; + +* Look at the short term fundamentals +* Zoom out. Re-look. +* Zoom out to an even longer timeline. Re-look. +* Zoom out to an even even longer timeline. Re-look. +* Zoom out to an even even even longer timeline. Re-look. + +Decide where you making a prediction. Plan your trade, trade your plan. + +**How do the FED take money back out of the economy?** + +They FED purchase the security initially to then sell it back to the asset-holder later. So the balance of credit-deficit merely swaps but by paying a small premium on the excesses that they hold, they can cushion the inflation or deflation of the currency. + +So, they effectively give the bank liquidity and then remove that liquidity later by passing the asset back...but also provide a small premium to cushion the blow; 50% of the premium is then held on Federal Reserve books so that the market is not flooded with new money. + +The FED previously reduced their balance sheet [from $4.4 trillion to $3.7 trillion](https://fred.stlouisfed.org/series/WALCL) but it remains to be seen if they can unwind a position of this size. + +&#x200B; + +# TL:DR + +&#x200B; + +* 2 out of the 4 necessities for exiting a recession are not present +* S&P currently trading at 21X the trailing 10 year average dividend +* In previous recessions a 50% drop in the market was accompanied by a 15% drop in dividends +* Market analysts expecting for a 41% drop in dividends but only trading a 26% drop in the market. At present the S&P dividend per share drop is 41% but the S&P is rallying back to less than 20% drop...whilst dividends are not expected to return to 2019 levels of income for 8-10 years +* In previous recessions the dividend per share drop is much *less* than the overall index drop +* S&P highly overvalued, completely inverted when compared with dividend expectation and market dividend pricing +* S&P pull back to 1600-1800 over short-medium time frame (1 month-6 months). +* If market history is to be believed then 1400 is not unfeasible based on percentages but you have to be hoping for a total economic destruction for this to happen.; expect a total Governmental response if this happens. +* If S&P continues to rise then it indicates companies are taking on debt or other instruments to pay dividends rather than innovate, upgrade or consolidate their business position which some are (Shell etc). +* Economic data will eventually overpower the stimulus and the Coronavirus is not priced in; hardly anything is priced in and analysts are now saying so publicly. + +&#x200B; +Their actions caused financial damages to the company and hundreds of thousands of retail investors. + +https://preview.redd.it/ueclgflr3t791.png?width=648&format=png&auto=webp&s=c2deafe468b85c4f2ba839b05772e909eeb5b1de + +https://preview.redd.it/5h4yltmv3t791.png?width=654&format=png&auto=webp&s=cd0ca8b486fb05461974cde1749a80c5cb5d8e3e + +The Report also confirms that APEX Clearing did this outrageous move because they received information that they COULD be requested a large collateral deposit by the NSCC, on January 28 2021, of only 1B$ - and the 3 stocks represented 90% of that deposit requirement. + +More, the report states that the information received by APEX was anomalous and in fact, such a collateral request wouldn't have been required intraday, and only the following day. + +https://preview.redd.it/ibu08dde5t791.png?width=646&format=png&auto=webp&s=5287cbf484852877612dd60ca892a32132f5eb2b + +So in conclusion, the price of GME was killed just because APEX (among other actors) was AFRAID of a potential collateral deposit request it could face. +Disregarding family and friends, who or what are some valuable and commonly forgotten sources of advice on attaining greater income? + +I'd like to be earning at least $20k extra a year, but my current employer doesn't show much opportunity to earn much more than $60,000 working 44hr weeks. It is considered an entry level grad role but is essentially data entry combined with payroll processing to form a trainee accountant position. + +Information technology is an obvious direction for higher income which I am beginning to consider, however like any industry change I expect to be on a similar entry level wage until I gain more experience to enable greater consideration as an applicant for higher paying roles. + +Edit: typo, current salary including overtime is close to $60,000 + +Edit 2: Thankyou for all the responses. There has been a variety of advice, and the key consistent message has been invest more time in yourself and the opportunities will grow. +https://www.cnbc.com/2019/09/10/david-faber-wework-ipo-full-speed-ahead-roadshow-to-kick-off-monday.html + +The WeWork IPO is full speed ahead, sources familiar tell CNBC's David Faber. + +The roadshow for the We Co., the startup's parent company, is set to kick off as soon as Monday, sources say. + +WeWork's roadshow flies in the face of reported advice from its investor SoftBank, which urged the We Co. to shelve the IPO. +I posted [this](https://www.reddit.com/r/CasualConversation/comments/awd4ua/we_have_food/) on r/CasualConversation and was told I should crosspost here! + +For the first time in a long time my wife and I have a full fridge and pantry! We were able to get so much food it was actually a challenge to fit everything in the fridge. We were able to get fresh fruits and vegetables, ingredients for meals we haven't had in a long time, and stock up on things we like to use but can't always afford. It just felt great to struggle fitting food into the fridge rather than struggling to get food to put into the fridge. +About 2.5 months ago I posted the results of my first 30 days of theta "based" trading. That post can be found here: [https://www.reddit.com/r/thetagang/comments/isv3rc/my\_first\_30\_days\_of\_theta\_focused\_trading/](https://www.reddit.com/r/thetagang/comments/isv3rc/my_first_30_days_of_theta_focused_trading/) + +**What I learned based on comments from that post:** + +1. Put Credit Spreads aren't nearly as much of a theta play as they are capitalizing on vega. I still maintain they are a good way for small accounts to rely on selling premium, but there is just so much premium lost by buying back the long put. +2. Commission is high. I knew this going into the post but it was the top rated comment. +3. I had a lost of positions to manage. This was fine at the beginning, but is more difficult once life starts to get in the way... + +**Changes I have made since that post:** + +1. I hardly sell any put credit spreads anymore. With the ups and downs of this market, I do not like carrying positions where I can lose the entire position; even if it is small I had too much invested in positions where I lose the entire $. Spreads are also more difficult to roll. +2. I now only sell puts and dabble in stocks. + +**Results:** + +1. Including the results from my last post, I have a earned a 43% return since my first trading day on August 3rd. The below screenshots show various statistics. +2. After my first 30 days, commission accounted for 10.77% of my total profit. Now that I am making a lower quantity of trades with higher dollar value, commission accounts for 3.7% of my total profit. This is still somewhat inflated from a high quantity of put credit spreads back in September, but is continually decreasing. My commission accounts for less than 1% of trades in November. + +**Going Forward:**Please comment with any questions and I will answer every one fully. More importantly, I'd really like some constructive criticism on how to improve or what I am doing poorly. Trading is not a 0 sum game; we can collectively increase our ability to earn great returns! + +Cumulative Return[https://imgur.com/a/UfMFQ1p](https://imgur.com/a/UfMFQ1p) + +General Statistics:[https://imgur.com/a/2wo4OqX](https://imgur.com/a/2wo4OqX) + +EDIT 1: I am an open source type of person, so here are my top 30 trades by P/L (% of Total). +Top 1-30 [https://imgur.com/a/reTj52Z](https://imgur.com/a/reTj52Z) +25f and England here. I currently have almost £24,000 in savings. I earn around £1,400 a month after tax. After graduating with a degree I regret at 21, I spent 1 year working in the field and hated it. I then decided to do an apprenticeship in IT and almost 1.5 years later I got laid off due to COVID, but I was still able to finish my apprenticeship. I then started my current job in the summer of 2020 and have been here since. So this is my first job after my apprenticeship and I'm quite new to the field. I like the work I do but the company is another matter. I currently live with my parents, and I'm not happy with how my life has turned out. I'm single and have no friends whatsoever. My days are so boring and I have no goals. Every month I save at least £1000 of my salary, but I don't know what I'm saving for. My monthly spending is mainly around travel (for work), lunch, mobile phone bill of £20. + +I don't really have anything to spend it on, so I save it instead. I don't have any debt. Occasionally I'll buy things like makeup and clothes to treat myself. I've thought about buying a flat, but it's more of a thought than a goal. I'm highly likely to stay single for the foreseeable future. Most of my savings go into premium bonds and the remaining goes into my Marcus savings account. My main current account is with Barclays, and I also use Starling. What can I do with my money that'll benefit me? Please can I have easy suggestions that don't involve investing (unless super easy)? I don't understand investing at all, it's too complicated for my brain to process. Thank you! +Finance is unfortunately a taboo topic and talking about your achievements can disappointingly come across as a gloat which can create resentment. + +I’ve recently reached a significant milestone in my financial journey and would love to celebrate somehow but I am struggling to find something suitable. It’s not something I can share with the world (I guess I could but the first paragraph would apply) so I’m wondering how you guys go about it? + +Keen to hear some of your answers! +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. +Hello again /r/financialindependence, + +It's been a few years and I finally got around to posting an update. Here's my [last update](https://www.reddit.com/r/financialindependence/comments/92paf7/29m_single_no_kids_just_hit_300000_net/) for those who are interested. + +First off, I wanted to say thank you for all the comments on my last post. I read every single one. They were incredibly helpful and I am forever grateful to have access to this community. + +The goal of this update is exactly the same as the last time I posted: +> First and foremost, I hope that this post can serve as some sort of inspiration for someone or, at the very least, provide some sort of value. Second, maybe someone more experienced than I can give me some pointers. + +So let's get to to it! +___ +**Career Timeline** - updates in bold + +- 2011: $15/hr - Internship while in college +- 2012: $60,000 - Went full time, same company +- 2013: $70,000 - Graduated, same company $70,000 in student loan debt. +- 2014: $80,000 - Performance increase, Promotion to tech lead, same company +- 2015: $85,600 - Performance increase, Promotion to manager, same company +- 2017: $91,000 - Performance increase, same company +- 2017: $20,000 - Sold all my stuff and moved to Central America, did some coding on the side +- 2017: $110,000 - Original company recruited me back to start an office in South America, Director of Engineering +- **2018**: $20,000 - Job was sucking the life out of me, embarked on a motorcycle trip through Central America. Did some coding on the side. +- **2020**: $267,000 - After an almost two-year motorcycle trip across in Central America and Southeast Asia, I ended up stranded in Asia for four months due to Covid. Fear of economic disaster prompted me to look for a new job. Senior Software Engineer at a larger company. + +___ + +**Assets** + +Asset | Amount | Note +---|---|---- +Rental | $542k | nets $1,400/month before cap ex, repairs, and vacancies +Index Funds | $185k | +401k | $78k | +Roth IRA | $40k | +Individual Stocks | $10k | +Cash | $8k | a little buffer +HSA | $3k | +___ + +**Liabilities** + +Asset | Amount | Note +---|---|---- +Rental | $246k | 2.625% mortgage + +___ + +**Investment Strategy** + +I max out my 401k, HSA, and Roth IRA. Moving forward I will have to contribute to my Roth IRA via the backdoor Roth approach as I am over the income limit. I would love to do a mega-backdoor Roth but my 401k provider doesn't allow it. + +Following this, I contribute to my index funds. I'm still pretty much doing the "[Core Four Lazy Portfolio](https://www.bogleheads.org/wiki/Lazy_portfolios#Core_four_portfolios)" with the following allocations: + +Fund | Percent +---|---|---- +VTSAX | 70% +VTIAX | 12% +VBTLX | 10% +VNQ | 8% + +Every once in a while I throw some money at a particular stock or ETF. I currently hold $MSOS, $GME, $ACDVF, $ARKK, and $LKYSF. I'm in the green on all of them except $ARKK but we are in a bull market and I have no clue what I'm doing so let's just chalk that up to luck. It's <2% of my NW. +___ + +**Expenses** + +Honestly, I stopped aggressively tracking my expenses. I know they have gone up largely because I moved back to the United States. I bought a $1,500 car when I got back and my rent is $600/month including bills. I still cook at home. I don't buy a lot of things and I don't have an Amazon account. In truth, I'm more opposed to unnecessary consumption than I am to spending money nowadays. I still keep it pretty light and that's good enough tracking for me. + +___ + +**Previous Comments** + +I did want to address some comments from my last post: + +> /u/WoodKlearing Unless I’m misreading the numbers, ditch the rental immediately. Huge liability for a paltry return. You can get out and easily make way more in the market with no hassle. + +I just love that you used to word paltry. In all seriousness, a lot of you were telling me to ditch my rental property. That was, and continues to be, the right choice but I have been a lazy boy. Luckily, since my last post, the house appreciated over $125,000. Assuming the market holds, I will sell this property once the tenants move out later this year. + +> /u/electroze Gauging by your post you might put disproportionate time into cutting expenses instead of increasing income. There's diminishing returns on cutting expenses, but not necessarily on income- the sky is the limit. + +> /u/BusyMom1234 Do you love your job a lot? You are losing money by just staying in that job. $110,000 for a director in tech? Unless you love that one, time to switch! Engineers can earn more than that. + +> /u/kshdhsjks If you’re in tech, you should have been making $130k every year for eight years already. You’re great at saving... but you need to focus on income generation. + +These comments changed my thought process and were inevitably what lead me to pursue a higher-paid position. + +> /u/mansausage Um, you think $3k in individual stocks was a bad idea but you have $20k in crypto? + +It wasn't surprising to see a lot of crypto hate in the comments given the sub. I ended up with about $80k in crypto from that initial $16k investment before I sold it. I'll be buying back in if it crashes again. I believe in it. + +> /u/Bryanhenry How did you make that graph of expenses ? Sorry im sure this has been posted 1000000 times + +It sure was. I was using a Chrome extension called Sankey Snip but switched to using [this website](https://sankeycash.com/). + +> /u/kshdhsjks I have no idea why they are paying you so little money and I have no idea why you’ve moved away to experience life with so little real work experience. Forget Chile. Move back to the US. Get a real job with your fancy title. + +I have gotten a few comments like this. Refer to the **Final Words** section of my [original post](https://www.reddit.com/r/financialindependence/comments/92paf7/29m_single_no_kids_just_hit_300000_net/) for my thoughts on this. + +___ + +**Salary Increases for Software Developers** + +I wanted to include this section because I know this question will come up if this post gets any attention. If you are a software developer and you are interested in increasing your compensation, I posted [a comment](https://www.reddit.com/r/Bogleheads/comments/m3a50t/investment_portfolio_critique/gqnuk7i/) in /r/Bogleheads with my general approach. It's somewhat broad so let me know if you have any other questions. +___ + +**Final Words** + +It's been a wild ride to say the least. I have clearly been all over the place but I can't say I regret any of it. + +I have been thinking a lot lately about the ["Build the life you want, then save for it"](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/) thread by /u/MrLlamaSC that has been stickied to the sidebar of this subreddit for some time. + +> I had focused so hard on my retirement goal that I almost based my life success on how well I was doing on getting to that. + +> I got so focused on the potential future that I stopped living in the present. + +> If I'm miserable during the accumulation phase, I'm still going to be miserable afterwards. + +> I look back at the past few years of my life and at my bank account and I would gladly give away a hefty chunk of it and work longer if it meant I could have experienced more of the world and found more passions I could have for the rest of my life, especially with someone I had loved so much. + +> I built my savings but never built my life. + +I see these *"Hit my FI number. Now what?*" posts. You know, that's what scares me the most about hyper-focusing on work and wealth accumulation. Call me a millennial but that, among other reasons, is why I'm so quick to jump ship the second I'm not happy. + +I know not everyone has six-figure salaries. I know not everyone is child-free, mortgage-free, or debt-free. But there's a middle-ground here. And I think we owe it to ourselves to establish that middle-ground and make sure we don't stray too far from it. + +-/u/fz-09 +Please read u/Carb0n12 comment about NSCC 005 below. The extension for NSCC 005 will be filed tomorrow. Its not fully in effect until August 12th with no objection. This is the required fund deposit for membership fees. Not necessarily needed pre MOASS. + +And here is a video by Charlie who clears up when the rule is effective. The Federal Register is the final stage https://www.reddit.com/r/GME/comments/oaea7z/dtc005_confusion_explained/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +DTC 005 is our bae. + +&#x200B; + +Link for the PDF filing NSCC 005 [https://public-inspection.federalregister.gov/2021-13913.pdf](https://public-inspection.federalregister.gov/2021-13913.pdf) + +Link for the PDF filing DTC 005 [https://public-inspection.federalregister.gov/2021-13912.pdf](https://public-inspection.federalregister.gov/2021-13912.pdf) + +Here is a old post for brief description on each rule that has been put through since January. Its not up to date.... Yet. [https://www.reddit.com/r/Superstonk/comments/nmodiq/just\_three\_left\_updated\_for\_occ033\_from/](https://www.reddit.com/r/Superstonk/comments/nmodiq/just_three_left_updated_for_occ033_from/) + +&#x200B; + +The federal register is the last stage for these new rules. The DTC, OTC, NSCC can apply these rules before they go on the federal register. Did they? No, they did not. All these rules were put in place so retail never has this chance again. its so these fuckfaces can cover their own asses. + +I gotta say i am seriously sick of the blatant crime and bullshit that goes on within the markets. Kenny Mayo will feel the aftershock when i smash that sell button at XX milly a share. And leave the rest in the infinity pool. +Found a property I like but upon looking in the bathtub I saw this anyone have any idea what it is or how much it'd cost to fix ? + +&#x200B; + +[https://imgur.com/lzv5DiB](https://imgur.com/lzv5DiB) +Hello, hope y'all doing good. 2 years ago I started trading and I just reached a level where I can see a constant 1k profit almost everyday , as you all know this came after so much screentime and sacrifices and too much pain to be honest lmao +Anyways during my starting days I used to encourage my friends to "join me" in trading journey so we could speed up the learning process and I was kinda lonely (before I discovered discord friends) . Alot just ignored it and play it off like "oh it's gambling, " " oh this and that". The usual + +However , recently after quitting my job ,alot of people figured I'm doing well, after I went on vacation and Everything +So now. I'm getting bombarded by people asking what do I do , do u still trade? And some would straight up ask yo can you teach me how to trade , and the usual crap +Some wanted the strategies straight up lmao. I tried teaching 1 of them and it failed horrendously and I just realized I can't possibly replace the screentime he needs with any teaching. + +So now I'm in position where when I reject teaching friends stuff ,I look like an asshole and someone who found the holy grail and doesn't wanna show it, but in reality I just don't see alot of them making it and being completely honest, I'm still salty on how rejected and denied I felt when I suggested we should learn it early on and they chose to party and smoke up. So now I'm in a position where people know I trade (stupid fucking mistake my part) they want the easy way out, if I don't provide it ,I'm an asshole. And If I try to help. ALLL OUR CONVOS turn into stocks and futures, which is just as tiring tbh coz its just me lecturing them whenever that topic comes up + + +Soo internet friends. If you were in that situation before what did you do, how do you handle it now +Several of my coworkers use apps or services that allow them to receive their paycheck early. (i.e. Get paid on the 29th of the month instead of the 31st) They are always gushing to me about how nice they are but I feel like I'm missing something? The apps don't shorten your pay period, they just shift the dates? So if you get paid every two weeks you're still getting paid every two weeks, it's just a different two week period than the rest of your coworkers? What is the virtue of these apps then? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Why! + +Why the fuck are faces here now? + +Can mods not do something to help these idiots out? Can we not band together to help save folks from themselves? + +I mean, i woke up this morning and one of the first posts I see is + + "...my boyfriend hard at work reading DD, look at his FACE..." + +...'look at that multi million dollar 20 year old looking face, look at it, my boyfriend, look at all that money, loooooooooook at his beautiful rich no pre-nup face xoxoxoxoxo.' + +Since when are we allowing people to be this stupid? + +Y'all, don't fucking post your face, revealing tattoos, weird appendages, pieces of mail with address on it, fucking anything that can lead to YOU, your neighbors, family, or friends. + +This isn't magic money we're taking, it's ours were getting back from years and years of thievery, and i think it goes without saying that they want "their" fucking money, and there will be people who will want "their money", your money, and having your likeness parading around GME will not end well. + +This kind of money, is shut the fuck up money. + + +Seriously, + +Shut the fuck up + +Edit: + +u/reddit3k has gifted us this archived post on newfound wealth in those that had relatively little before their voyage to the moon - a post on winning the lottery. + +Tragedy follows and i think it's a good piece to read that might help in understanding the gravity of the trendies to come. + + +"Dear fellow ape, + +Please (let) allow me to try and help you because I might know the post you're referring to. + +Is it this one perhaps? + +https://www.reddit.com/r/AskReddit/comments/24vo34/comment/chb4v05" + +Another Ape, + +u/datachire + +said this + +"[Here](https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb4v05/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) is the exact link to the comment. I clicked OP’s link and it didn’t bring me there so, there ya go. [Part 2](https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb4yin/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)." + +Edit again: + +I've been called Satan, body shamer, and a fa66ot for this post, who's hostile???? +Why! + +Why the fuck are faces here now? + +Can mods not do something to help these idiots out? Can we not band together to help save folks from themselves? + +I mean, i woke up this morning and one of the first posts I see is + + "...my boyfriend hard at work reading DD, look at his FACE..." + +...'look at that multi million dollar 20 year old looking face, look at it, my boyfriend, look at all that money, loooooooooook at his beautiful rich no pre-nup face xoxoxoxoxo.' + +Since when are we allowing people to be this stupid? + +Y'all, don't fucking post your face, revealing tattoos, weird appendages, pieces of mail with address on it, fucking anything that can lead to YOU, your neighbors, family, or friends. + +This isn't magic money we're taking, it's ours were getting back from years and years of thievery, and i think it goes without saying that they want "their" fucking money, and there will be people who will want "their money", your money, and having your likeness parading around GME will not end well. + +This kind of money, is shut the fuck up money. + + +Seriously, + +Shut the fuck up + +Edit: + +u/reddit3k has gifted us this archived post on newfound wealth in those that had relatively little before their voyage to the moon - a post on winning the lottery. + +Tragedy follows and i think it's a good piece to read that might help in understanding the gravity of the trendies to come. + + +"Dear fellow ape, + +Please (let) allow me to try and help you because I might know the post you're referring to. + +Is it this one perhaps? + +https://www.reddit.com/r/AskReddit/comments/24vo34/comment/chb4v05" + +Another Ape, + +u/datachire + +said this + +"[Here](https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb4v05/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) is the exact link to the comment. I clicked OP’s link and it didn’t bring me there so, there ya go. [Part 2](https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb4yin/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)." + +Edit again: + +I've been called Satan, body shamer, and a fa66ot for this post, who's hostile???? +Back in September 2019, Michael Burry predicted an index fund bubble. Since I invest index funds and write about them with relish, I was intrigued. But I quickly moved on. + +Then another headline caught my eye. It was an episode of Odd Lots podcast titled, [**“Why Passive Investing Might Be Distorting the Market.”**](https://www.bloomberg.com/news/audio/2020-02-07/why-passive-investing-might-be-distorting-the-market-podcast) I immediately listened to the episode, featuring investor and fund manager Mike Green. And then I listened again. Considering a lot of my net worth is currently tied up in index funds, I want to understand why some people think index funds are fools’ gold. + +So today, I’m going to play devil’s advocate and talk about both sides of the conversation. Is there an index fund bubble? A market crash around the corner? Or is passive investing still the winning strategy it’s always been? + +Below, you’ll find compelling arguments from investors Mike Green and Michael Burry, who both say there is a bubble. Then I’ll follow up with comments from financial analyst Ben Carlson and portfolio manager Ben Felix, both of whom see no bubble . It’s #TeamMike vs. #TeamBen. I’ll also pull some soundbites from Raoul Pal, a former hedge fund manager who now produces financial videos with a silky British accent. And then I’ll add in my own thoughts at the end. + +# Quick reminder: what’s an index fund? + +An index fund owns a wide assortment of assets (e.g. stocks), and owns those assets in proportion to their market share. Uh…that’s a lot of FinSpeak. Let’s break it down. + +For an example, let’s look at an S&P 500 index fund. An S&P 500 index fund would own all of the stocks in the S&P 500. Since Apple and Microsoft each make up about 5% of the S&P 500, this index fund would be comprised of about 5% Apple and 5% Microsoft. But Chipotle would only compose about 0.08% of the index, because it’s 0.08% of the S&P. In this way, the index fund is benchmarked to the S&P, like a shadow that follows all of the body’s movements. + +Similarly, a “total stock market fund” would own every stock in the market. There are tons of options in the index fund world. + +Let’s get into the arguments that claim indexing is now in a bubble. + +# Part I – Bubble! – “The tail is now wagging the dog” + +One of Mike Green’s first points on Odd Lots is this: the original idea behind indexing is that active traders and actively managed funds will dictate how the market behaves, and that a small number of passive investors (e.g. index funds) can simply go along for the ride. The large majority active traders are the dog; the minority passive investors are the tail. The dog does what it wants. The tail only follows. + +If dogs don’t do it for you, I like the boat analogy. Think of actively managed funds and active traders as large cruise liners and passive investors as a small canoe. The cruise liner picks its course. The canoe ropes onto the cruise liner and gets a free ride. The cruise liner doesn’t notice the small canoe’s drag whatsoever; its course is unaffected. This big-small relationship is the original assumption behind passive investing. Market behavior is dictated by the active majority, and the passive minority gets a free ride. + +However, asserts Green, we now live in a paradigm where active and passive investing are too close in size. Therefore, the fundamental assumption no longer rings true. + +Millions of Average Janes and Joes–individual investors–are using index funds to invest huge portions of their income and savings. After all, that’s how many 401(k)s and their non-American equivalents are set up. Green points out how recent U.S. legislation changes are pushing 401(k)s and passive investing even further into the mainstream. + +Passive investing is no longer the “small tail.” It’s no longer the canoe. It’s now a fairly large boat, and the active management cruise liner is impacted by towing such a large passive boat. + +The past 30 years have seen index funds grow and grow. Index fund inflows are the “single largest transactors in the market by far” Therefore, by definition, they are not passive. Index funds have to be influencing the market. What might this influence look like? + +# Passive investing influences the market + +Let’s go back to our S&P 500 index fund from before. The S&P 500 went up \~30% in 2019. Where does this gain come from? + +Some of it probably comes from fundamental growth in the S&P companies. They’re doing better! Active investors respond by saying, “If the company is better, then these stocks are now worth more!” + +Alternatively, what happens when millions of individual investors put their retirement savings into S&P 500 index funds? It’s simple supply and demand. Joe and Jane are increasing the demand for S&P stocks, therefore the price will increase. + +When Joe and Jane were the “small canoe,” their demand didn’t affect the market. But these passive investors are no longer “just along for the ride.” They are actively impacting the ride. Last year’s 30% price increase is not based only on fundamental growth. Instead, the Average Janes and Joes are artificially increasing the price of the S&P 500 via their demand for index funds. + +# The effects of “index inclusion” + +What about “Company 501;” that is, the first company not in the S&P 500? Well, it does not receive the benefits of being a part of the S&P 500 index funds. It does not receive the demand that occurs from inclusion in that index fund, and this exclusion affects Company 501’s price. + +Mike Green says that historical data clearly shows this growing impact on asset values–it’s called “index inclusion.” This is true for all sorts of index funds. They include some stocks, exclude others, and there’s a recognizable delineation between those included and excluded. + +Green says there’s a “distinct and permanent shift in the valuation and price levels associated with these securities” when they are included or ejected from an index. Companies inside of indices are receiving more attention than they fundamentally deserve. Companies outside of indices, therefore, are getting the cold shoulder. This lack of true valuation is one of the formative factors of a bubble. + +# “Fire!” in a theater + +In the past 40 years, passive investing has done nothing but grow. But eventually, that growth will end. Individual investors will retire. Withdrawals will take place. What happens when you take the money out? + +At that point, Green states that the artificial inflation of index funds will cease, and quickly turn south. As more retail investors sell, prices will drop. When investors see prices dropping, they’ll get scared and sell more. The vicious cycle will continue–sell, drop, sell more, drop more–into a index fund crash. It’ll be an old-fashioned bank run. + +Or, as Nicholas Nassim Taleb has written, “the market is like a large movie theater with a small door.” If everyone is looking to get out, the only way to do so is to offer the doorman a better price than the other people. Prices will plummet. Pop goes the index fund bubble. + +# Is it the British accent? + +Raoul Pal looks the part, sounds the part, and produces his videos while sitting in front of monitors chock full of financial data. My bulls\*\*\* detector is whirring to life, but something about that accent is just so factual. + +Pal’s argument is that baby boomers–through no fault of their own–have been dumping too much money into passive funds (pensions, 401(k)’s, etc). When they start selling en masse–which will happen soon!–then pop goes the index fund bubble. + +There are 76 million baby boomers in the U.S., and their average age is now 65 years old. The wave of retirees is about to crest. And when they start to pull money out for retirement, we will see the large theater/small door issue. Prices will plummet. + +But, says Pal, index funds aren’t the only issue. Boomers will also face issues trying to sell their houses. They’ll have issues trying to sell their material goods. Baby Boomers were such prolific consumers that the economy will be overwrought will all their stuff, and prices everywhere will fall. Growth will cease as markets are flooded with goods. A vicious cycle will ensue. + +And then “the doom loop of corporate debt will get ignited.” Oh no, not a doom loop! In short, says Pal, corporations have recently gotten into the habit of: + +1. Borrowing money (this is the corporate debt) +2. Buying shares of their own stock—a.k.a “stock buy backs” +3. …which drives the price of their stock higher (P.S. this is an artificial price increase) +4. …which makes the company appear more valuable, and usually lets the biggest stockholders (e.g. the executives) get extra rich + +And Pal’s right. Corporations have been gluttons for their own stocks in recent years. Just read about Apple’s buyback tactics. + +Eventually, these corporations will have to pay back their debts. And their artificial valuations will come back to Earth. Stock prices will plummet. Indexes and pension funds will plummet. And Baby Boomers’ selling will cause further pricing drops. + +And thus, claims Pal, the third Baby Boomer crash will occur. And every good story has the symmetry of threes. + +# Problems with Pal + +My core issue with Pal is that he’s as much a story teller as he is fact teller. And therefore, it’s hard to tell if he’s selling olive oil or snake oil. + +For example, this sounds impressive: “The baby boomers accumulated the greatest concentration of wealth the world has ever seen. And they’ll destroy it too.” Whoa! Rise and fall. The double-edged sword. The boomer giveth, and the boomer taketh away. + +Pal provides facts to back up his claims. But most of his facts are arguable at best. + +The 2000 Dot Com bubble? It happened because Boomers flooded the stock market with their investments, says Pal. And then “everything got dashed on the rocks, as those markets collapsed.” + +The Baby Boomers–then age 45 on average–turned to real estate, says Pal. Can you guess what happened next? The 2008 Subprime Mortgage and Financial Crisis! Baby Boomers are so many in number, says Pal, that their sum-total behavior can’t help but create bubbles. + +After 2000 and 2008, the Boomers were worried about their retirement savings, goes Pal’s argument. So now they’ve got to take risk, and they were forced to do so in the stock market. Well, what’s the easiest way to invest in stocks? Through passive investing! And as we’ve now learned twice–according the Pal–where the Boomer money goes, a bubble will soon follow. + +It’s a nice story. It has symmetry. It has foreshadowing. It’s narrated with a silky British accent. + +But that doesn’t mean it has an iota of truth. Euphoric day-trading of “.com” companies led to the 2000 Dot Com bubble. Passive investing is the exact opposite of that kind of behavior! Perhaps the money is coming from some of the same people, but that’s not evidence for the existence of an index fund bubble. Pal is grasping at straws. + +# Michael Burry: Big Short to Big Bubble + +Michael Burry is an investor and hedge fund manager who correctly foresaw the 2008 financial crisis, and managed to make a boat-load of money for himself and his customers through his correct prediction. If you’ve seen the movie The Big Short, Michael Burry is played by Christian Bale. + +Burry’s argument for an index fund bubble is a less scary than Green’s, and certainly less apocalyptic than Pal’s. + +Burry’s claim is that indexing has caused an artificial bubble that’s inflating stocks inside the index, and thus leaving stocks outside the index ripe for the picking. It’s the “index inclusion” argument again. + +But where Green sees a dangerous bubble, Burry sees more of an opportunity. Ready for another metaphor? + +Imagine a pair of identical twin basketball all-stars. Everything about them is the same, including their skills. Except that one twin plays college ball for Duke–he’s always on TV–while the other plays for Harvard–a good academic school, but not a basketball Mecca. + +The average basketball fan would be biased towards the Duke player. He’s on a better team, he gets more media coverage, and has more post-season success. The average fan would certainly believe that the Duke twin has better long-term prospects, and therefore would deserve a bigger professional contract. + +But since I built this strawman hypothetical, you and I know the truth! The two twins have the same exact skill set. Therefore, signing the Harvard twin at his lower price would actually be quite the financially efficient move. + +Michael Burry’s claim is that this is what’s happening with passive investing. Near-identical companies are being over- or under-valued due to their index inclusion or exclusion. + +Stocks that are inside of index funds are like the Duke twin–they are being over-valued simply because of where they are. While stocks not in the index are like Harvard twin–they are under-valued, and therefore should be targeted by smart people looking to make more money. + +In my opinion, this is less of a “index fund bubble” and more of an “anti-index opportunity.” + +Burry is simply saying, “There’s an inefficiency here, I’ve discovered it, and I plan on making money off it. P.S.–come invest with me so we can both make money together.” + +Good work, Mike! Go exploit that inefficiency! + +# Price Discovery is becoming fragile + +Burry’s second claim is that price discovery is becoming fragile. “Price discovery” is a fancy term for “buyers and sellers determining a price where they’re willing to make a deal.” + +Think about Craigslist. Someone wants $200 for a used snowblower. Snow?! Yes, in Rochester it helps to have a snowblower. So, you take a look at the snowblower and counteroffer $150. The owner haggles back to $175…and you have a deal! That’s price discovery. + +Typically, stock market price discovery involves many buyers and sellers conducting detailed analyses of a company’s holdings and profits and cash flows–all of the fundamental business metrics. + +But passive investing doesn’t care about those fundamental metrics. Instead, passive investing simply follows the leader. It assumes that others in the market have already done the fundamental research, and that the current price of a stock is “right.” + +It’s a little bit like saying, “The last Craigslist used snowblower went for $200, so I’ll buy the next one for $200 sight unseen.” Are you sure you want to trust the last buyer and seller? What if they were dopes? Don’t you want to look at the snowblower and make a decision for yourself? + +Since passive investing doesn’t rely on price discovery, Burry argues that prices are now dangerously skewed from what traditional price discovery would suggest. This cannot go on forever, and eventually the prices will snap back to where they fundamentally belong. + +Or, you could say, the index fund bubble will pop. This, Burry says, is very similar to how housing and CDO pricing behavior malfunctioned before the 2008 crisis. It will be a painful, painful snap. + +# Part II – The other side: Index funds are fine + +While I appreciate the logic behind Misters Green and Burry and Pal, there’s plenty of good money still betting on index funds’ future success. Let’s start with [**Ben Carlson**](https://awealthofcommonsense.com/2019/09/debunking-the-silly-passive-is-a-bubble-myth/). . Ben is financial analyst, author and blogger (nice!), and podcast host. I’m a big fan of A Wealth of Common Sense (the blog) and Animal Spirits (the podcast). Thanks for sharing all the good work, Ben. + +Anyway, what does Ben have to say about the index fund bubble and passive investing? + +# The tail is not wagging the dog. + +First, let’s get back to dogs and tails and boats. Carlson writes, “Index funds hold less than 15% of shares in public companies.” While this is a growing number–it was 3.3% in 2002 and 6.8% in 2009–passive investing is neither a majority nor plurality. + +If we combine all exchange traded funds and all mutual funds, that percentage rises to about 35% ownership of all shares. That means that active investors–the dog–own at least 65% of the equity market, and therefore are still wagging the tail. All is well in the dog/boat metaphor universe, says Carlson. + +# Bias! Bias! Read all about it! + +Another of Carlson’s arguments is that active investing, by nature, is biased against passive investing. Passive is stealing active’s business share, and now active is biting back. + +Passive investing shadows what the active investors are doing. But rather than spending money on research and trades, passive investing keeps expenses–and fees–to a minimum. Passive has all the profits of active investing, but none of the costs: ipso facto, passive investing is better. And the active investors don’t like it! The “index fund bubble” is their propaganda technique. + +Besides, let’s consider any and all claims that passive investing is doing something “wrong.” Logically speaking, anything that passive investing is “doing wrong” first has to be done by active investors. + +You can’t blame your shadow for flipping you the middle finger–the shadow only copies the source. Similarly, passive investing only copies what active investors are doing. It’s a simple argument in logic. + +# The price discovery argument + +Price discovery is a cop-out, says Carlson. There is way more trading occurring today than most times in the stock market’s history. In the book Index Revolution, author Charley Ellis writes that about 95% of all trades today are done by active managers–there’s plenty of opportunity for price discovery. It’s all about trading volume. + +This means that the prices aren’t skewed. The prices aren’t a stretched rubber band, ready to snap back. There’s no index fund bubble, waiting to pop. Instead, the active investors are setting the prices and price discovery is healthy. + +# So what’s Michael Burry worried about? + +Besides, Carlson says, when else in life do we expect individuals to actively partake in price discovery? Do you haggle with the grocery cashier about the cost of oranges? No! All over our economy, prices are set and individual consumers simply choose to buy, or not. They don’t barter or bargain. + +I’m not sure I agree with Ben’s point here. It’s true: we don’t haggle at grocery stores. Instead we’re presented with Hobson’s choice–we either take it, or leave it. If you don’t want to pay $12 for a bag of oranges, you don’t have to. + +But are people thinking about Hobson’s choice when they passively invest in index funds? I don’t think so. I think a lot of people are “blindly” putting their bi-weekly 401(k) contributions into index funds, regardless of the price. There’s not much “take it, or leave it” going on. It’s just “take it.” + +My conclusion: index investors might be blindly buying in, but they’re still buying at a price that was intelligently discovered through the fundamental analyses of active investors. + +# Ben Felix from YouTube + +[**Ben Felix**](https://www.youtube.com/watch?v=Wv0pJh8mFk0) is a portfolio manager at PWL Capital, and popular creator of YouTube financial/investment videos. + +I really like one of Felix’s foundational arguments against the idea of the bubble. That idea is: assets under management do not set prices; instead, trading sets prices. + +So Green and Burry should not be asking, “How much money is in indexes?” Instead, the question should be, “How much trading is done by indexing?” This means that the size of the boats doesn’t matter. In fact, it means the boat metaphor doesn’t really make sense. + +So let’s relate it back to the quote from Charley Ellis: 95% of all trades today are done by active managers. That means that price discovery is dominated by active trading. And it means that there shouldn’t be any bubble driven by price discovery. + +Blackrock, another investment management firm, estimates that for every $1 of passive trades, there are $22 of active trades. Again, this points to the same conclusion: there is no issue with price discovery. + +# Some ideas from the academics + +Felix quotes a couple serious economics papers–one by [**Fama/French**](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=502605), another from [**Palia/Sokolinksi.**](https://www.law.nyu.edu/sites/default/files/Paper_P%26S_Darius.pdf) + +Fama & French came to the conclusion that it doesn’t take much active investing to create an efficient (i.e. non-bubble) market. Passive investing, they say, is pushing bad active managers out of the market. And those who remain? Only the skilled active managers. It’s survival of the fittest. Culling the weak should only make the market more efficient. More efficient = better price discovery = no bubble. + +Palia and Sokolinski have a really interesting theory. In brief, they claim that index funds drive down the cost of short selling, which makes short selling more efficient, and that leads to better price discovery. + +They start with the simple truth that index funds hold onto lots of stocks. And since the supply of stocks is high, index funds can easily lend out those stocks to short sellers (people betting that a stock will go down). The short seller pays the index fund a small fee, which gets passed onto the passive investor in the form of low costs. + +However, since there are so many index funds out there, the short sellers have many different options of where they borrow stocks from. With high supply comes low prices. They can find their short sources very cheaply. This makes the cost of shorting go down. + +And thus, conclude Palia and Sokolinski, passive investing is creating a more efficient market for short sellers, and a more efficient market leads to better price discovery. + +# Part III – Home-grown arguments and takeaways + +Now that you’ve heard the smart people talk, let me bless you with my pro-index ideas. + +First, index investing is self-corrective. + +To wit, let’s take another look at Michael Burry’s argument: “passive investing has an inefficiency in undervaluing non-indexed companies, and I plan on taking advantage of that.” + +If Burry is correct, then more active managers will follow his lead and make their money. And right behind them will be their shadow a.k.a. passive investing. The market is a self-correcting system, where money flows towards the best values. Passive investing simply follows that flow of money. + +If passive gets too influential, then the smart active managers will exploit the problem. Inefficiencies will balance themselves out in the long-term. And passive investing is a long-term technique. + +Second, it’s easy to avoid the pitfalls of index inclusion. + +Index funds don’t have to exclude stocks. Many investment managers (like Fidelity and Vanguard) offer total market index funds. They include high and mighty S&P companies and all of the “company 501’s” out there that might be excluded from other index funds. + +Therefore–if there is an index inclusion bubble–the total market index funds own both sides of that bubble. + +A total market fund would only be exposed to a bubble that includes entire asset classes. For example, one could claim that stocks in their entirety are overvalued, but that commodities are undervalued. Therefore, a total U.S. stock market index fund would still expose you the bad outcomes of bursting bubble! + +If this concerns you, then diversify your index investing via a lazy portfolio. There are indexes that track bond markets, international markets, different sized companies, commodities, REITs, etc. You can spread out your investments across multiple asset classes to reduce your risk. + +# Takeaways + +Green and Burry both make good points. Pal tells a nice story. I’m really glad I took some time to understand those ideas. Carlson and Felix support the ideas I’ve always heard: the wisdom of people like Jack Bogle and Burton Malkiel. What actions am I taking after all this conversation? + +Reading. Lots more reading. I want to learn more about Mike Green, Michael Burry, and their anti-passive compatriots. After all–they did compel me to type up 4000 words of arguments that go against my investing strategy. But I also want to remind myself of the reasons why I started indexing in the first place: Malkiel, Bogle, and people like Ben Carlson and Ben Felix. + +But I will be staying my course, at least for now. I have not been convinced to move away from indexing, or that there’s an index fund bubble. Indexes still float my boat, and I think the bubble argument has more bark than bite. I’m in it for the long run. I do not think hand-picking individual stocks is the way to go. + +Source: [https://bestinterest.blog/index-fund-bubble/](https://bestinterest.blog/index-fund-bubble/) + + +[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!* +There have been numerous calls to action for ORTEX to provide data and information around their reported short interest metrics. Instead of waiting for them to say no, I started looking. + +Here is how they describe their short interested offering: + +https://preview.redd.it/el7e6l4dhtw91.png?width=669&format=png&auto=webp&s=761f457a9a6c80c75672346471ab32399f73835e + +The key is intraday short data, which is difficult to source. I do not believe ORTEX has the horsepower to collect this on their own from primes and broker dealers; [LinkedIn only shows 13 employees](https://www.linkedin.com/company/ortexanalytics/) and their [last financial accounts submitted to UK regulators](https://find-and-update.company-information.service.gov.uk/company/11033216/filing-history) lists the average number of employees over the last two years at 3 🤔 + +Instead, they must source it from third parties, and ORTEX posts their partners on their front page: + +[Source: https:\/\/public.ortex.com\/](https://preview.redd.it/ndhtf7gvftw91.png?width=775&format=png&auto=webp&s=bb4ac40f8c6737aed5a97c09bf7e5a9ab2404820) + +FIS is a massive global financial technology company. [https://www.fisglobal.com/](https://www.fisglobal.com/) + +Some googling led me to various product offering tear sheets, including this [Short-Side Market Data offering](https://www.gocartpay.com/-/media/fisglobal/files/PDF/product-sheet/Short-Side-Market-Data-Product-Sheet.pdf?sc_lang=en). + +https://preview.redd.it/udtjg4l5htw91.png?width=774&format=png&auto=webp&s=95053c4ea9ba445fce7b45a17752e98eddf14b43 + +FIS also has a [Securities Finance Market Data](https://www.gocartpay.com/-/media/fisglobal/files/PDF/product-sheet/Securities-Finance-Market-Data-Product-Sheet.pdf?sc_lang=en) (i.e. securities lending) offering. + +Yep, FIS must definitely be one of ORTEX's sources of short interest data. + +The other source is likely S&P Global, which has a [Securities Finance Dataset](https://www.marketplace.spglobal.com/en/datasets/securities-finance-(18)) offering. It looks very similar to FIS, including intraday data: + +https://preview.redd.it/l2p61ii2jtw91.png?width=790&format=png&auto=webp&s=f74842d6181e9733b63b0d3e8d138fc487f9c0f4 + +I believe this is another piece of the puzzle. FIS and S&P are collecting intraday short/securities lending data from prime brokers, hedge funds, broker dealers, and any other lenders who are willing to provide it (I assume for a fee). ORTEX then pays FIS and S&P for that data, and applies some kind of proprietary formula (anyone want to wager it is just an average or weighted average?), and sells it to retail. + +Next steps: see if we can find who those prime brokers, hedge funds, broker dealers, and other lenders are that provide data to FIS and S&P. +State Farm, 50k. She’s meeting with her agent today to discuss payment. + +It’s my understanding that State Farm deposits the funds into the “State Farm bank” and issues a sort-of set of starter checks that you can use at your regular bank for transactions. + +Question: She has ~45k in student loans. We owe ~60k on our mortgage. If we intended to move in the next 3 or so years would it make more sense to pay down the mortgage or should she just pay off the student loans? + +Edit: Thanks for the replies. I’d appreciate if one of the mods could go ahead and lock the thread, please. +Hi there, + +I have just accepted a job as a 21 year old on a salary of 30k. On my offer letter the employer mentioned that they ask me if I wanted to be enrolled in their Royal London pension scheme. I don't know much about pensions, and the thought of retirement seems like a long way off obviously. Generally I understand that paying into your pension is a good idea, but is it advised that I do so at such a young age? What benefit would paying into my pension now be? + +EDIT: I AM ENROLLING! +I just wanna share this because im curious if others have the same experience but basically after getting into crypto and getting some sweet gains I barely spend any money. Dont get me wrong, I'm far from being rich but theres a lot of stuff I always wanted that I could get now but I simply dont feel like buying them anymore. I always imagined that if I made a lot of money from crypto id buy all kinds of stuff but its the complete opposite. Im not exactly sure why but I think I just have a new perspective on money and value it more and therefore more scared to spend it. +I'm really glad I've become less materalistic and only wish I was always like I am now. +A simple question offered in the honest spirit of scientific inquiry: Why are we not currently experiencing hyperinflation or at least high inflation if the Fed is printing money far in excess of what is required to sustain a modestly growing economy? Bonus question: If we're not hyperinflating now, what circumstances would trigger hyperinflation in the future? +Just wanted to see what the mods plans were for this subreddit going forward. Are there plans to try and grow this sub? Are there other places people are gathering that is sub approved? + +Selling USO, DAL, and LK this week. +I've been selling options for 5 months with decent success. I've created a set of rules for myself and rule #1 is only play with securities you're ok holding for awhile. With that said, I'm asking those that have a similar rule when they have strategically broken it or have made an exception. + +Currently I'm the "proud" owner of 200 shares of PLUG at $60/share, 100 shares of OSTK at $82/share. I'm selling covered calls on them, but as the price of these securities continually fall, I'm noticing myself going further and further out to get minimal credit (like 3 weeks out for $100). If the securities keep falling, should I hold true and keep selling covered calls? Has anyone "reset" by taking the loss, giving up the shares and starting over. I'm hesitant to do this as this isn't wheeling but I also don't want to be bag holding. + +What the longest one has gone to complete the wheel for a security? + +&#x200B; + +Thanks +The future use cases of NFTS will be astonishing. Most people think NFTs are BS because they think they are just little pictures. So what are apes doing? Creating stupid low definition crap pictures to give away as NFTs. I just don’t get it. Why do we keep reiterating the main point against NFTs on here? Why are apes excited about these NFTs? I guess it would be kinda cool to have a portfolio of cool little art pieces but most of the ones I see being given away could be made by a toddler. +Found these 3 certificates in attic. + +1. [IDFC Bond] (https://imgur.com/f0H7TZK) 2011 : ISIN number is changed to from INE043D07AL0 to INE092T08CP8 and is traded on Secondary market. BSE: **Script code** - 961746/ **ID** - 843IDFCBKB, NSE: **Symbol** - IDFCBANK / **Series** - NE/HE. There are 4 bonds. Ticker price for this symbol is about 10035. Can anyone tell what would be the total value of this bond? +2. [ICICI Bond] (https://imgur.com/9pN4R5e) 2001: This bond was issued in 2001 and was to be redeemed in 2004. I'm 100% sure that this was never redeemed. I called the RTA (3i InfoTech) but no one pickup the call. Emails were never replied. Based on my research on web, I'm eligible for only the interest part, as 10 years part the redemption date. Please help let me know how can I find the value of this and redeem. +3. [Reliance Petro Triple Option Bond] (https://imgur.com/Z058LD6) **1998**: Absolutely no idea on this one. Please let me know what can be done for this. RPL was merged into RIL in 2008/9 in ratio of 16:1 and soon after that RIL declared 1:1 stock split. So this debenture is worth 12 stocks of RIL. + +These certificate are not in my name but as I'm well aware about transmission. Need help with these questions above. Please help. Please read below with my own research. +As India extended the nationwide lockdown till 3 May to combat the covid-19 outbreak, Barclays cut its growth forecast for the country to 0% for calendar year 2020 from its earlier projection of 2.5%, holding that the economic fallout will be worse than it had earlier estimated. + +“While India’s COVID outbreak has not officially reached the community transmission stage, we believe the existing restrictions on movement are causing much more economic damage than anticipated. Despite being characterised as essential sectors, the negative impact of the shutdown measures on the mining, agriculture, manufacturing and utility sectors appears higher than we had expected,” it said in a report. + +The investment bank said, combined with the disruption in several service sectors, the economic loss is estimated to be close to $234.4 billion or 8.1% of GDP, assuming that India will remain under a partial lockdown at least until the end of May. “This is much higher than the $120 billion we had estimated earlier for roughly the same time period previously,” it said. + +**Source:** https://www.livemint.com/news/india/barclays-cuts-gdp-forecast-for-india-to-zero-for-2020-11586848023858.html +EDIT: As clarified by Groww CEO Lalit in a comment below, this is a case of miscommunication and an issue with the copy. There is no minimum balance required and Groww need to return money to investors every 1 or 3 months as part of compliance, for which they are seeking the acknowledgment. + +ORIGINAL POST: +I was just trying to place a Mutual Fund buy order on Groww website and it’s asking my approval to maintain a minimum balance of Rs. 10,000 in Groww Balance and let them transfer the excess back to my bank account every 3 or 6 months. + +I’ve never understood the point of Groww balance in the first place and now I cannot place an order unless I give an acknowledgment. + +So a few questions: +1. Are there any advantages to this Groww balance? +2. Is it good idea to give them an acknowledgement and continue using Groww considering all money goes through this Groww balance? +3. If you have used other providers like Kuvera, Zerodha etc. do they ask for such intermediary account balance? + +Thanks! + +Screeenshot: https://postimg.cc/47wRfQHj +I just started a job as a take away delivery driver working 12 hours a week at the moment + +The pay is £5/h + £1 for each delivery + +The job is cash in hand (I don't know if that makes a difference) + +Yesterday I worked 6 hours and made 16 deliveries, so that works out at £7.60 an hour + +Minimum wage for my age is currently £8.20 + +Am I right to confront my boss about this or can he do whatever because it's cash in hand? + +EDIT: Thanks for all the advice, as he has no obligation to me neither do I to him. I'm going to wait until I get paid then quit, thanks. +Hi all. I'm a woman in my 40s and ready to start thinking about my retirement. I want to be able to live in a place where there is added value (great location/ocean front/close to winery/nature full of hikes) but I want my $$ to go far. Mexico is the place in my head. The food, the people, the proximity to US. My husband wants beach town and hopefully beach front (I don't think we can afford) and I want mountain towns (more local feeling) with sunny warm weather, hopefully walking trails close by. I would consider this in investment because I won't be able to move there due to work. I'll probably go visit regularly but that's it! + +I would like the property to be managed and taken care of. Any ideas.. + +Any ideas? +&#x200B; + +[This is Ryan](https://preview.redd.it/2h4w124ttaz61.png?width=512&format=png&auto=webp&s=d5dac5eb080b02be3f4c18dbb68d86bf1b0782ab) + +He started buying GME in 8/28/2020 + +He wrote a letter to the board on 11/16/2020 + +[https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf](https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf) + +THIS IS THE ONLY DD I REALLY NEED. THE GAME STOPPED ....with RC (did you see what I did there + +&#x200B; + +https://preview.redd.it/zlh9i888uaz61.png?width=1019&format=png&auto=webp&s=352c5e13b135a1c54ad374b571e900bc5e596021 + +&#x200B; + +https://preview.redd.it/155ao20buaz61.png?width=1050&format=png&auto=webp&s=486d794efec06177c9e077ede69cbf89c8a5ffe1 + +https://preview.redd.it/v0gjsxscuaz61.png?width=1052&format=png&auto=webp&s=893b4c1250467a5d539640c7d7c10a3e26eb672b + +So he went Full 2Pac on them and pitched slapped the Board, the CEO, the company and its directions. + +They probably will hate him forever and never want to work with him.... + +**PSHYCH ...they made him Chairman** + +&#x200B; + +https://preview.redd.it/u8mycywhvaz61.png?width=1207&format=png&auto=webp&s=89ba38f06db680c7da4000e17c51cde1cad655f3 + +ON 6/9/2021 Ryan will be the Chairman and have full control of a 6 member board of directors.....a board of directors that he bent over his knew and spanked 8 months earlier....... + +Then he can do this [Reverse Merger](https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan_cohens_kill_shotthe_reverse_merger/) or any merger or expansion on June, and announce the vote totals ect... + +THIS GUY FUCKS + +Oh and Ryan Cohen based his whole CHEWY business plan and business model off of this letter than Jeff Bezos wrote in 1997 + +[https://www.sec.gov/Archives/edgar/data/1018724/000119312513151836/d511111dex991.htm](https://www.sec.gov/Archives/edgar/data/1018724/000119312513151836/d511111dex991.htm) + +What do you think will happen when Ryan Cohen harnesses the full power of the Gamestop customer base.....Customers who are esports participants, customers who are game designers and developers, customers who are influencers ....ect ect. The complete switch to a customer focused and customer driven company is going to be MIND NUMBING.....and GAMESTOP already has a HUGE brand. + +**TLDR- I believe in RC, DFV believed in RC....RC is the reason GME is happening. The business transformation is going to be written about for years......oh and the squeeze is nice too** + + [https://m.youtube.com/watch?v=DrHCqaXvpzM#menu](https://m.youtube.com/watch?v=DrHCqaXvpzM#menu) +I get SSI money and food stamps. But never really feel poor. I'm frugal where it matters, I make sure there's money in the bank and that I have food in the kitchen. + +I got rid of my cable bill and have gotten myself a Roku Device. I use Coupons when I can. I always check the prices for cheap deals. + +I'm able to buy fun items to have. I collect aluminum cans and sell them for extra money. It's not always a lot of extra money, but it's something. + +I am wanting to get a job. I'm on disability for my back disorder and have been since I was a baby. I've never worked before, but have gone to a Career Center in high school. I can't make a certain amount past my SSI, but still, any extra money would be good. + +Compared to other stories that get told on here I don't feel as bad off. + +I've always been rather frugal with my spending and that helps. + +Not trying to brag or anything, just feeling thankful for what I do have, even if it isn't lot. +I'm trying to make a sound decision after a few months of planning, but I'm finding it hard to commit to student loan forgiveness and watching that debt grow over the years. From my understanding, because my debt to income ratio is greater than 3:1, forgiveness is a no-brainer decision since it would be almost impossible to make the monthly payments necessary to pay it off over 10 years (\~3k a month). + +Some info about me: I'm 26, married, and my partner does not make any income. We're living in an apartment for \~2k a month for rent. After expenses, we can only really afford to put away 2k a month in our savings, but we're looking to be more stringent and save more to start an IRA and other retirement accounts. We're also looking to buy a house and start a family over the next few years, so I can only expect my expenses to go up and up. I don't really have financial support from any family members, so my salary is all we have to spend. + +Because of COVID, my repayment schedule starts on January 31st and I feel woefully unprepared. Is student loan forgiveness my only option here or should I try and repay it as fast as possible while living as frugally as possible? TIA. +My son just turned 5 and I would like to save up for his future higher education expenses (college, university, or vocational school). + +I've been researching 529s and Roth IRAs (I have a Roth 401k through my employer), but am on the fence on which one to choose. + +How do you save for your child's higher education and why did you choose that method? +1. Short Interest Reporting is now calculated differently +2. GME Borrow Fees +3. Shorts never closed - they covered through manipulative derivitive strategies (link) +4. GameStop Stock Split - A comparative look at Teslas's stock split and what this could mean for GME (link) + +# 1. Reminder: Short Interest reporting is now calculated differently + +**As we track the affect of GameStop's stock split-dividend on short interest (SI), borrowing rates, and fails to deliver (FTDs) - remember that S3 has changed the way they report short interest. It can no longer exceed 100%.** + +https://preview.redd.it/6nzsz86h63f91.png?width=2880&format=png&auto=webp&s=386accb82c9753f00e26cd09235498fc0d631df7 + +Traditional formula = Shorts / float + +New S3 Formula = Shorts / (shorts+float) + +The S3 methodology ***assumes no naked shorting***. The implication in their calculation is that every short share has located a borrow. They completely disregard synthetic/naked/counterfeit shares. Our due diligence supports synthetic / naked shorts in the hundreds of millions - now billions after the stock split-dividend. + +[https://s3partners.com/notesonfloat.html](https://s3partners.com/notesonfloat.html) \[Edit: This page has been removed\] [https://research.s3partners.com/short-interest-of-float-2-0/](https://research.s3partners.com/short-interest-of-float-2-0/) + +&#x200B; + +[https:\/\/blog.ompnt.com\/introducing-s3-partners-short-interest-data-to-the-omega-point-platform](https://preview.redd.it/kqjpdl1k63f91.png?width=1276&format=png&auto=webp&s=9a48323c3d13dc535ce8360467a77c6d168679a6) + +Credit to [u/clawesome](https://www.reddit.com/u/clawesome/): As short interest increases it will take an exponential increase in shorted shares for their reported short interest to increase:\*\* + +Open link for more detailed graphs [https://imgur.com/a/TwnxcI9](https://imgur.com/a/TwnxcI9) + +[https:\/\/imgur.com\/a\/TwnxcI9](https://preview.redd.it/hqakw50p63f91.png?width=2070&format=png&auto=webp&s=cd0fa150af9c16e7df1c1d56bc92648652de7627) + +***Evidence of FINRA data now showing historical short interest as significantly higher now than was previously reported.*** **Chart credit to** [u/DecentralizeCosmos](https://www.reddit.com/u/DecentralizeCosmos/) + +https://preview.redd.it/o149b53s63f91.png?width=640&format=png&auto=webp&s=331d4707c2008eb74201642dc0f8a4992adea897 + +# Short Interest (SI) reporting: + +Regulation SHO is a set of rules that governs short sale practices.  Regulation SHO established “locate” and “close-out” requirements, which requires Broker-Dealers (BD) to mark all orders to sell stock as “[long,](https://www.investopedia.com/terms/l/long.asp)” “[short](https://www.investopedia.com/terms/s/short.asp),” or “short-exempt.” + +A sale order can be marked “long” only if two conditions are met. First, a seller must be deemed to own the security, which occurs only to the extent that it has a net long position in the security. Second, the BD must either (a) have possession or control of the security to be delivered, or (b) reasonably expect that the security will be in its physical possession or control no later than the settlement date of the transaction. + +**Unfortunately, some BD continue to ignore or mismark their short trades so they are not captured as FTDs.** This is a common occurrence that can be verified by reviewing the FINRA fines administered over the last several years. + +**Market Makers (MM) like Citadel** have to accept all buys and sells, and **get a pass on many naked short selling rules. However, they have also been cited for misreporting short positions.** For example, on November 13, 2020, FINRA, the traders’ self-regulator, fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales between September 14, 2015, and July 21, 2016. + +# 2. GME Borrow Fees: + +GameStop's stock borrow rates currently stand at an annualized percentage of 37.07%. They spiked at 110% toward the end of May. However, post stock split fees have skyrocketed again - this time reaching nearly 130%: + +Borrow fee rates are determined by the market's supply-and-demand conditions. If a stock is in hot demand from short sellers the borrow fees will be proportionately high based on the limited supply of available shares to borrow from broker-dealers (BD) (because apes have DRS their shares). + +According to S3 Partners analyst Ihor Dusaniwsky, high borrow rates can be valuable information for investors who are considering a stock trade: + +***"An increase in stock borrow rates may force (squeeze) some short sellers into closing their positions — getting out to realize their remaining mark-to-market profits and exiting before other buy-to-covers drive the stock price up."*** + +[GameStop's borrowed shares. Stocksera](https://preview.redd.it/ehnvjupy63f91.png?width=700&format=png&auto=webp&s=92ebbaf06129be8ec6dba622da5d95324cc14943) + +&#x200B; + +# 3. GameStop short interest is much higher than reported. + +**Shorts never closed - they covered through manipulative strategies! Pick up a few shares, DRS if eligible to remove the shares from the DTCC and manipulation!** + +[https://www.reddit.com/r/Superstonk/comments/too38h/wondering\_what\_all\_the\_hype\_is\_about\_gamestop/](https://www.reddit.com/r/Superstonk/comments/too38h/wondering_what_all_the_hype_is_about_gamestop/) + +# 4. What might the stock split-dividend mean for future GME price appreciation?!? + +**A comparative look at Tesla's stock split. Spoiler Alert - Over the next several months this could be HUGE!** + +[https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop\_has\_announced\_a\_41\_stock\_split\_in\_the/](https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop_has_announced_a_41_stock_split_in_the/) + +&#x200B; + +**Buy, Hodl, DRS & 'Share the Story** + +>**To the moon fellow apes!** + +&#x200B; + + DISCLAIMER ** Information contained in this post has been compiled from sources believed to be reliable. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this post or the information contained herein.** +At a certain point when you’ve easily reached Fatfire and beyond, is it even smart at all to dip into equity/stock investments? + +When you can very reasonably pay off all living expenses and property taxes etc through income from fixed income/CDs + rental income, why bother selling stock or spending dividends when it can grow at 7%+ compounding? Evidently one day, it’ll all get passed down to children at a stepped-up basis + +It seems more reasonable to set aside a few m in safe investments to pay off bills and keep reinvesting the main portion of your nest egg into the market, real estate projects etc.. + +Thoughts? +Currently investing in something as boring as a railroad sounds like a bad idea and very outdated. But thats the reason why they are good. Railroads arent going anywhere and unlike the 1800s arent in a tense competition for lines and low prices. They have amazing dividends and most have p/e's around 25. My personal favorites are CNI and UNP. + +&#x200B; + +I am new to investing and doing DD's so please give constructive criticism and also check out some of my other posts about my portfolio. +I'm looking for a way to calculate my dividend reinvestment in a single stock. So I'm looking for a calculator that can take into account my initial investment plus my monthly contributions to this single stock as well as dividend reinvestment over a number of years. Thanks. +I'm looking for a change in career paths towards a quantitative analyst trading position in sports betting companies. I'm a recent graduate with an undergrad degree in actuarial science and a masters degree in operational research with data science. I'm currently performing my dissertation with a horse betting consultancy but the project doesn't involve any quantitative trading aspects. + +What would be the best way for me to equip myself for sports betting companies that focus on quantitative trading? + +EDIT: Just to clarify, I'm not looking to be an independent trader. I want to be a quant trader in a sports betting company +I've been working odd jobs for about a few weeks now trying to save up in order to move out from my abusive family, yesterday I found a good deal on a bunch of textbooks and immediately contacted the seller to try and buy it. Me being naive and stupid didn't think twice about sending the payment because according to the guy's Facebook he lives near my area and we have a few mutual friends. After that, the guy didn't respond to my messages and I knew immediately that I just fucked up. I started hyperventilating and crying and I couldn't even eat. I just tried to sleep the rest of the day away. + +I was scammed for exactly 41.89 USD, I know that may not seem like much to some but I'm a high school student living in a third world country trying to survive on his own. That 41.89 USD is a semester's worth of tuition and 2 months' worth of food and water. I don't know how I can earn that kind of money back. I just feel so stupid and worthless, and just wanted to vent out. I should've known better, I should've known it was too good to be true but I was blinded by the price. I am so fucking stupid. +Many asked for an update, but I'll keep it brief. One month into retirement at 38 with a planned 3% SWR on a starting value of 1,025,772. That works out to 2564/month, or 2064/month with $6000 yearly in what I call "big expenses." (That would be, 2000 vacation, 1000 property tax, 500 professional tax, 500 christmas, 500 car insurance summer, 500 car insurance winter, 1000 unexpected). + +This month's spending was $2352, including $500 from the yearly column for "unexpected" which was a dental insurance claim denial. So we're 8% under budget for the month, which is good. The better part is that we brought in $1351 thru my wife's job (which she likes and would do for free) and some old book royalties of mine. Our withdrawal was $1001 this month, which is effectively on target for a 1.18% pro-rated SWR. + +The even better part is that the portfolio appreciated from 1,025,772 to 1,040,472 (a 1.43% increase), which dropped back down to a new total of (drum-roll) 1,039,471 after paying the bills. If the year-end value is higher than the starting value, I might recalculate a new 3% SWR value and go forward from there. I realize that this is in violation of the Trinity, but we're in far safer territory than 4%. + +As far as personal things go, I still had a lot of guilt in buying things so quickly from amazon and gamestop. I bought some PS3 games (12 x $5 from the bargain bin), a modem, a router, dinner for friends a couple of times, and some other things that had me concerned that spending would be over for the month, but it wasn't even that close. I don't budget per se, just monitor. + +I've spent maybe five minutes browsing this subbreddit for the month. Honestly, it doesn't interest me that much anymore. I've spent less time on the internet and more time with my family, at the gym, reading, housework, yardwork, running, swimming, weightlifting, movies, Rubik's cube, daily journal, yard sales, socializing, etc. I hated my job so much, even though it paid $150k/yr. I made the right decision. This is life. + +I'm not sure if there will be another update. If you have questions, just check my post history. I'm sure it's covered there. +[https://www.cnbc.com/2019/07/29/buybacks-companies-increasingly-using-debt-to-repurchase-stocks.html](https://www.cnbc.com/2019/07/29/buybacks-companies-increasingly-using-debt-to-repurchase-stocks.html) + +>**Companies are ramping up share buybacks, and they’re increasingly using debt to do so.** +> +> +> +>**Share buybacks are expected to approach $1 trillion this year, according to Goldman Sachs.** +> +>**Funding is coming from a record drawdown in cash as well as a rise in gross debt and leverage.** +> +>**Buybacks have exceded free cash flow for the first time since the financial crisis.** +Aka the "half-ass" or "work hard enough to not get fired" approach. I busted my ass at my first job out of college and while it got me raises and promotions, I look back and it wasn't worth the sacrifices I made. Now at my new job, I'm doing the bare minimum and still get recognition but my life is way less stressful. Who else just coasts through their job while collecting paychecks along the way? +Generally liquid funds(and debt also) are considered one of the safest mutual funds but due to liquidity crunch it seems that the NAVs of the some of the most popular liquid funds are falling daily. Even the ones which invest heavily in T bills are taking a hit(includes HDFC Liquid and ICICI Liquid funds). AAA+ bonds may be misleading in these times since we don't know which companies may end up defaulting on their bonds. We also don't know how long this NAV fall will last. + +So please review your funds and continue in them only if you feel 100% confident. This might be a good time to invest in equities but debt funds MAY take the hit with NPAs in the short term. A few extra percentage points of return in liquid/debt funds compared to savings bank will be meaningless if your capital itself comes at risk due to potential write offs. + +Take care ! +So in theory the country is returning to life but I have noticed that many of my friends who are working at home are continuing on financial lockdown - they don't plan to go to the shops, if the pubs open they don't plan to go to them. The date of restaurant re-opening is irrelevant to them as they ain't going to go. + +They are going to sit and home and keep socking the money away while their income remains the same and their expenditure have dramatically increased. + +what is your plan? Keep putting it away, hit the high street or somewhere inbetween? +First, let me start by saying I really enjoyed the book and recommend it. The author is the same guy that is creating the FIRE documentary due out this year and is mostly his personal story about discovering FIRE. + +**SPOILERS BELOW** + +In the book, Scott is trying to convince his wife that they should pursue FIRE. He asks his wife to write down the top 10 things that make her happy on a weekly basis. First, she realizes the beach isn't on the list despite the fact that they pay a lot to live in a beach town. Second, she realizes that the only things on her list that cost money are chocolate and wine (which also makes her realize that some of the things she bought to make herself happy really didn't give her any lasting happiness). + +But the thing that stuck with me and the thing that made me write this was their conclusion that "our spending wasn't reflecting our values." It was such a simple concept but one that I hadn't really ever thought about so clearly. Our spending wasn't reflecting our values. + +I'm naturally a saver but as I try to push myself to save even more, I keep coming back to this. When I think about spending money I ask myself if this purchase reflects my values. If it does, I buy it and I sleep easy at night. If not, I don't buy it and usually never think about it again. It's been a game changer for me. +# **Intro/Observation: + +God damn, god damn! Some of us have really come a long ass way since January. Might’ve even gained a few wrinkles along the way. Like many, I joined the party on the hype regarding “meme-stocks”. I joined for the “squeeze”, or more importantly, the MOASS. After months of constant hedge-fuckery, straight overdosing on hardcore DD, and everyone talking about squeeze this and squeeze that, I had completely forgotten that normally, people would simply invest in companies for FUNDAMENTAL reasons. + +&#x200B; + +[Snorting god-tier DD, I said god damn!](https://i.redd.it/1qn8uqovkn371.gif) + +This thought occurred to me when talking to someone this past week about other rising stocks. They said: “if you inflate the value of (insert rising meme-stock) to drive out the short sellers but in the end you own a company that was struggling. What gives?” + +As fun as the squeeze will be, I wanted sound reasons to definitively YOLO. I wanted concrete evidence to harden my resolve. I wanted to be assured that, even without a squeeze, the company would still be a great investment. And so my goal is to completely ignore any potential squeeze theories, and explain why the current valuation of GME, on a fundamental basis, is STILL deeply undervalued. None of this is financial advice. I just like the freaking stock. + +# TL;DR: + +Fundamentally, there are so many reasons why Gamestop is still deeply undervalued. By simply expanding their total accessible market, this stock is worth 100x AT A MINIMUM WITHOUT THE SQUEEZE. This is only possible due to the unique situation GME has, which is having a small amount of public float of shares “available to trade”. + +I am not a financial advisor, and none of this is financial advise. I am just documenting what I've observed after shoving some crayons too far up my nose. + +# **Thesis: + +To some, the valuation of GME may seem absurd in isolation. However, when compared to its potential accessible market, it becomes clear that Gamestop is deeply undervalued. + +For example: “GME at $250 per share is a really high price!” vs “GME at $250 per share means that it’s market cap is valued at only $17 billion, in a potentially $2 TRILLION accessible industry” + +&#x200B; + +https://preview.redd.it/585vflo8on371.jpg?width=500&format=pjpg&auto=webp&s=83eebc5024e774f8150da93efa094fe983e423de + +Gamestop’s previous brick-and-mortar focused model limited the company’s accessible market. The new transformation under Ryan Cohen's helm will lead to the company's explosion into capitalizing on various untapped, and growing markets. And if you want to see what someone can do, you should look at what they’ve already done... + +&#x200B; + +[Brief History Lesson, Chewy was the Blueprint](https://preview.redd.it/7y3b6z8zkn371.jpg?width=512&format=pjpg&auto=webp&s=b4f4413c93d039dcc0125da7aabbd4e935da511f) + +Ryan Cohen founded Chewy in 2011, in the face of industry competition such as Petsmart, Petco, and Amazon. He began by poaching talents from Amazon, Petsmart, and Wayfair (any of this sound familiar?). In their first year, despite losing money in the first half year, Chewy had a $26 million dollar revenue. It is widely known that Ryan Cohen follows a business model that priorities customer experience. + +&#x200B; + +[\\"If you take a carload of this, you'll make more money. But if you take a carload of that, you'll make less money, but you'll keep the customer. So take a carload of that.\\" - Ryan's father](https://preview.redd.it/vr62shj1ln371.png?width=1574&format=png&auto=webp&s=7ab3ee8bdb1a4ca98104265e15d923c665ebdd8a) + +With a heavy focus on customer service and user experience, by 2017, Chewy was offered a merger deal by both Petco and Petsmart, and was finally acquired by Petsmart for $3.35 billion dollars, which at the time was the [largest merger acquisition](https://www.vox.com/2017/12/6/16681040/ryan-cohen-chewy-recode-100) of an e-commerce business. How’s it doing now? Thriving. Not only did Chewy survive against established industry players, Chewy now has a respectable portion of the pet industry market. + +\*\*CHEWY: + +Current market cap: $32b @ $77/share + +[Pet Industry TAM](https://www.americanpetproducts.org/press_industrytrends.asp): $103b in 2020 + +Market percentage: 30% of market + +&#x200B; + +[Gamestop's back alright!](https://i.redd.it/chwh6fj5ln371.gif) + +# Where are we now? + +# **GAMESTOP: + +Current market cap: $20b @ $280/share (at the time of writing this) + +Video Game TAM: $159b + +Market percentage: 12.5% of market + +&#x200B; + +# **Previous Business Model (Pre-Cohen): + +Video Game Retailer: limited to games, relying on seasonal console releases to help boost general sales. + +As a result, while Amazon has been the most popular stop for digital/online video game purchases, Gamestop still remains the leader in hard copy video games and consoles. + +This business model “over-prioritizes its brick-and-mortar footprint, and stumbles around the online ecosystem.” - a direct quote directly from Ryan Cohen. + +PLEASE TAKE SOME TIME TO READ RYAN COHEN'S LETTER TO THE GME Board on 11/16/2020. This man has been planning everything we’ve talked about all along. + +[https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf](https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf) + +&#x200B; + +# **New Business Model (Since Ryan Cohen): + +**\*Retail Expansion:** + +We are already seeing an influx of computer hardware, GPUs, TV's, Cameras, Audio, Clothing, and general expansion of consumer electronic products added to Gamestop’s accessible inventory. + +**Why is this important?** + +GME is not only transitioning to remain a leader in the video game retail industry, but they are also expanding their market into the [computer hardware industry ($863 billion market)](https://www.thebusinessresearchcompany.com/report/computer-hardware-global-market-report-2020-30-covid-19-impact-and-recovery) along with [general consumer electronics](https://www.statista.com/study/55488/consumer-electronics-market-report/) (\~$1 trillion dollar market). We’re not even talking about e-commerce yet either. This is simply general product/market expansion. + +Just think about this: The bear thesis of GME being undervalued implies that expanding to a $1.8 trillion market (while being debt-free by the way) will somehow decrease revenue. + +&#x200B; + +[So you're telling me expanding to a $1.9 trillion accessible market will decrease GME's value?](https://preview.redd.it/qg2cia78ln371.jpg?width=500&format=pjpg&auto=webp&s=14dee08399be0f8faf2b6e4646d88e802f7d4084) + +[**\*New Microsoft Deal:**](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) + +“This partnership aims to advance Gamestop’s key strategic pillars and extend its digital omni-channel ecosystem” - Microsoft + +In other words, Microsoft is jacked to the tits about Gamestop’s move into digital sales. How jacked are they? This deal gives percentage royalty on all digital goods bought on xbox consoles that are sold at gamestop. This deal also notes that Microsoft is essentially decking out Gamestop retail locations with tech/hardware necessary to improve the workflow/life of the people actually working at Gamestop and therefore indirectly improving customer service. + +So on top of already leading video game retail revenue, and adding the expansion of accessible market revenue, GME will also pull revenue percentages from all digital sales on xbox consoles. + +&#x200B; + +[Yo we heard you liked revenue, so we added revenue on your revenue on top of your revenue!](https://preview.redd.it/ublyks2aln371.jpg?width=622&format=pjpg&auto=webp&s=adab0189f62f3cb8fe3fd5842dd04f537c067c5e) + +[**\*Service and Delivery:**](https://www.gamestop.com/collection/same-day-delivery) + +Gamestop has already proven that it can out-price-match and out-deliver current “giant” Amazon. On top of brand new [major distribution warehouses](https://www.foxbusiness.com/retail/gamestop-opening-new-distribution-center-to-support-e-commerce-push), Gamestop has started utilizing their (already 4,816) locations as smaller distribution centers. + +By expanding their retail locations to act as mini-distribution centers, Gamestop has potential to deliver products within [2 hours or less](https://www.reddit.com/r/GME/comments/mgo5df/gamestop_2_hour_delivery/). + +&#x200B; + +[But wait, there's more!](https://i.redd.it/vevbawfbln371.gif) + +[**\*eSports/Gaming:**](https://gspc.gg/) + +Gamestop has signed a [multi-year deal](https://esportsobserver.com/gamestop-jan2021-market-upset/) with multiple esports companies, such as Complexity Gaming, sharing a new 11,000 sqft Gamestop Performance Center with the Dallas Cowboys. This expansion into the eSports industry opens Gamestop’s exposure to an additional [$1 billion market](https://www.statista.com/statistics/490522/global-esports-market-revenue/#:~:text=In%202021%2C%20the%20global%20eSports,billion%20U.S.%20dollars%20in%202024). + +&#x200B; + +&#x200B; + +# Conclusion: + +Gamestop is primed to be transformed by Ryan Cohen, the same way he transformed Chewy. (PLEASE REFER TO HIS LETTER TO THE BOARD) + +While Chewy occupies about 30% of the pet industry, if we assume Gamestop can access 30% of it's new total accessible market (modest estimate of $1.8 trillion), that puts GME at $8,400 per share. If we assume only 10% of its new market, that still puts GME at $2,500 per share. **THIS IS ALL STILL ASSUMING NO SQUEEZE!** + +&#x200B; + +[Don't just take it from me....](https://preview.redd.it/zw4su4yejw371.jpg?width=640&format=pjpg&auto=webp&s=94c1288754523bf25762787a8297d4c8184a2f9f) + +(I hadn't even brought up their NFT-platform yet because the automod keeps deleting my post, but just know that this would further open GME's accessible market.) + +I cannot emphasize this enough, GME is currently debt free with over half a billion dollars in additional cash on hand to jumpstart Ryan Cohen's transformation. As of writing this, Ryan Cohen still is not "officially" chairman of the board yet (this will happen on 6/9). The proxy votes have not been released. There has been no official announcements from Ryan at all. The stock is still up $25 from last week's close. I'm so freaking jacked. +# **Intro/Observation: + +God damn, god damn! Some of us have really come a long ass way since January. Might’ve even gained a few wrinkles along the way. Like many, I joined the party on the hype regarding “meme-stocks”. I joined for the “squeeze”, or more importantly, the MOASS. After months of constant hedge-fuckery, straight overdosing on hardcore DD, and everyone talking about squeeze this and squeeze that, I had completely forgotten that normally, people would simply invest in companies for FUNDAMENTAL reasons. + +&#x200B; + +[Snorting god-tier DD, I said god damn!](https://i.redd.it/1qn8uqovkn371.gif) + +This thought occurred to me when talking to someone this past week about other rising stocks. They said: “if you inflate the value of (insert rising meme-stock) to drive out the short sellers but in the end you own a company that was struggling. What gives?” + +As fun as the squeeze will be, I wanted sound reasons to definitively YOLO. I wanted concrete evidence to harden my resolve. I wanted to be assured that, even without a squeeze, the company would still be a great investment. And so my goal is to completely ignore any potential squeeze theories, and explain why the current valuation of GME, on a fundamental basis, is STILL deeply undervalued. None of this is financial advice. I just like the freaking stock. + +# TL;DR: + +Fundamentally, there are so many reasons why Gamestop is still deeply undervalued. By simply expanding their total accessible market, this stock is worth 100x AT A MINIMUM WITHOUT THE SQUEEZE. This is only possible due to the unique situation GME has, which is having a small amount of public float of shares “available to trade”. + +I am not a financial advisor, and none of this is financial advise. I am just documenting what I've observed after shoving some crayons too far up my nose. + +# **Thesis: + +To some, the valuation of GME may seem absurd in isolation. However, when compared to its potential accessible market, it becomes clear that Gamestop is deeply undervalued. + +For example: “GME at $250 per share is a really high price!” vs “GME at $250 per share means that it’s market cap is valued at only $17 billion, in a potentially $2 TRILLION accessible industry” + +&#x200B; + +https://preview.redd.it/585vflo8on371.jpg?width=500&format=pjpg&auto=webp&s=83eebc5024e774f8150da93efa094fe983e423de + +Gamestop’s previous brick-and-mortar focused model limited the company’s accessible market. The new transformation under Ryan Cohen's helm will lead to the company's explosion into capitalizing on various untapped, and growing markets. And if you want to see what someone can do, you should look at what they’ve already done... + +&#x200B; + +[Brief History Lesson, Chewy was the Blueprint](https://preview.redd.it/7y3b6z8zkn371.jpg?width=512&format=pjpg&auto=webp&s=b4f4413c93d039dcc0125da7aabbd4e935da511f) + +Ryan Cohen founded Chewy in 2011, in the face of industry competition such as Petsmart, Petco, and Amazon. He began by poaching talents from Amazon, Petsmart, and Wayfair (any of this sound familiar?). In their first year, despite losing money in the first half year, Chewy had a $26 million dollar revenue. It is widely known that Ryan Cohen follows a business model that priorities customer experience. + +&#x200B; + +[\\"If you take a carload of this, you'll make more money. But if you take a carload of that, you'll make less money, but you'll keep the customer. So take a carload of that.\\" - Ryan's father](https://preview.redd.it/vr62shj1ln371.png?width=1574&format=png&auto=webp&s=7ab3ee8bdb1a4ca98104265e15d923c665ebdd8a) + +With a heavy focus on customer service and user experience, by 2017, Chewy was offered a merger deal by both Petco and Petsmart, and was finally acquired by Petsmart for $3.35 billion dollars, which at the time was the [largest merger acquisition](https://www.vox.com/2017/12/6/16681040/ryan-cohen-chewy-recode-100) of an e-commerce business. How’s it doing now? Thriving. Not only did Chewy survive against established industry players, Chewy now has a respectable portion of the pet industry market. + +\*\*CHEWY: + +Current market cap: $32b @ $77/share + +[Pet Industry TAM](https://www.americanpetproducts.org/press_industrytrends.asp): $103b in 2020 + +Market percentage: 30% of market + +&#x200B; + +[Gamestop's back alright!](https://i.redd.it/chwh6fj5ln371.gif) + +# Where are we now? + +# **GAMESTOP: + +Current market cap: $20b @ $280/share (at the time of writing this) + +Video Game TAM: $159b + +Market percentage: 12.5% of market + +&#x200B; + +# **Previous Business Model (Pre-Cohen): + +Video Game Retailer: limited to games, relying on seasonal console releases to help boost general sales. + +As a result, while Amazon has been the most popular stop for digital/online video game purchases, Gamestop still remains the leader in hard copy video games and consoles. + +This business model “over-prioritizes its brick-and-mortar footprint, and stumbles around the online ecosystem.” - a direct quote directly from Ryan Cohen. + +PLEASE TAKE SOME TIME TO READ RYAN COHEN'S LETTER TO THE GME Board on 11/16/2020. This man has been planning everything we’ve talked about all along. + +[https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf](https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf) + +&#x200B; + +# **New Business Model (Since Ryan Cohen): + +**\*Retail Expansion:** + +We are already seeing an influx of computer hardware, GPUs, TV's, Cameras, Audio, Clothing, and general expansion of consumer electronic products added to Gamestop’s accessible inventory. + +**Why is this important?** + +GME is not only transitioning to remain a leader in the video game retail industry, but they are also expanding their market into the [computer hardware industry ($863 billion market)](https://www.thebusinessresearchcompany.com/report/computer-hardware-global-market-report-2020-30-covid-19-impact-and-recovery) along with [general consumer electronics](https://www.statista.com/study/55488/consumer-electronics-market-report/) (\~$1 trillion dollar market). We’re not even talking about e-commerce yet either. This is simply general product/market expansion. + +Just think about this: The bear thesis of GME being undervalued implies that expanding to a $1.8 trillion market (while being debt-free by the way) will somehow decrease revenue. + +&#x200B; + +[So you're telling me expanding to a $1.9 trillion accessible market will decrease GME's value?](https://preview.redd.it/qg2cia78ln371.jpg?width=500&format=pjpg&auto=webp&s=14dee08399be0f8faf2b6e4646d88e802f7d4084) + +[**\*New Microsoft Deal:**](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) + +“This partnership aims to advance Gamestop’s key strategic pillars and extend its digital omni-channel ecosystem” - Microsoft + +In other words, Microsoft is jacked to the tits about Gamestop’s move into digital sales. How jacked are they? This deal gives percentage royalty on all digital goods bought on xbox consoles that are sold at gamestop. This deal also notes that Microsoft is essentially decking out Gamestop retail locations with tech/hardware necessary to improve the workflow/life of the people actually working at Gamestop and therefore indirectly improving customer service. + +So on top of already leading video game retail revenue, and adding the expansion of accessible market revenue, GME will also pull revenue percentages from all digital sales on xbox consoles. + +&#x200B; + +[Yo we heard you liked revenue, so we added revenue on your revenue on top of your revenue!](https://preview.redd.it/ublyks2aln371.jpg?width=622&format=pjpg&auto=webp&s=adab0189f62f3cb8fe3fd5842dd04f537c067c5e) + +[**\*Service and Delivery:**](https://www.gamestop.com/collection/same-day-delivery) + +Gamestop has already proven that it can out-price-match and out-deliver current “giant” Amazon. On top of brand new [major distribution warehouses](https://www.foxbusiness.com/retail/gamestop-opening-new-distribution-center-to-support-e-commerce-push), Gamestop has started utilizing their (already 4,816) locations as smaller distribution centers. + +By expanding their retail locations to act as mini-distribution centers, Gamestop has potential to deliver products within [2 hours or less](https://www.reddit.com/r/GME/comments/mgo5df/gamestop_2_hour_delivery/). + +&#x200B; + +[But wait, there's more!](https://i.redd.it/vevbawfbln371.gif) + +[**\*eSports/Gaming:**](https://gspc.gg/) + +Gamestop has signed a [multi-year deal](https://esportsobserver.com/gamestop-jan2021-market-upset/) with multiple esports companies, such as Complexity Gaming, sharing a new 11,000 sqft Gamestop Performance Center with the Dallas Cowboys. This expansion into the eSports industry opens Gamestop’s exposure to an additional [$1 billion market](https://www.statista.com/statistics/490522/global-esports-market-revenue/#:~:text=In%202021%2C%20the%20global%20eSports,billion%20U.S.%20dollars%20in%202024). + +&#x200B; + +&#x200B; + +# Conclusion: + +Gamestop is primed to be transformed by Ryan Cohen, the same way he transformed Chewy. (PLEASE REFER TO HIS LETTER TO THE BOARD) + +While Chewy occupies about 30% of the pet industry, if we assume Gamestop can access 30% of it's new total accessible market (modest estimate of $1.8 trillion), that puts GME at $8,400 per share. If we assume only 10% of its new market, that still puts GME at $2,500 per share. **THIS IS ALL STILL ASSUMING NO SQUEEZE!** + +&#x200B; + +[Don't just take it from me....](https://preview.redd.it/zw4su4yejw371.jpg?width=640&format=pjpg&auto=webp&s=94c1288754523bf25762787a8297d4c8184a2f9f) + +(I hadn't even brought up their NFT-platform yet because the automod keeps deleting my post, but just know that this would further open GME's accessible market.) + +I cannot emphasize this enough, GME is currently debt free with over half a billion dollars in additional cash on hand to jumpstart Ryan Cohen's transformation. As of writing this, Ryan Cohen still is not "officially" chairman of the board yet (this will happen on 6/9). The proxy votes have not been released. There has been no official announcements from Ryan at all. The stock is still up $25 from last week's close. I'm so freaking jacked. +I have more than 10+ years software development experience, I always wanted to do something in trading but due to some reasons was not ready. +Now I'm jumping into the ship and have started doing some online course from udacity and coursera. + +If I complete my course and show that I know and understand few of the trading technology will companies can consider my resume, (I'm also planning to run Indie trading plateform for learning purpose) if not what extra I can learn or show so that they can consider? +I have never seen anyone suggest or talk about algo trading on stock options. To me it seems as if the margin of error would be many times wider then buy low, sell high. I can for sure see how a dividend paying stock could be of double value, or a mid price stock that can be had in bulk. + +Am I just missing something obvious here? +Previously: [https://sfist.com/2019/11/23/these-moms-are-living-in-a-vacant-west-oakland-home-to-protest-housing-insecurity/](https://sfist.com/2019/11/23/these-moms-are-living-in-a-vacant-west-oakland-home-to-protest-housing-insecurity/) + +Now: [https://sanfrancisco.cbslocal.com/2019/12/30/oakland-homeless-moms-can-remain-in-occupied-home-for-now/](https://sanfrancisco.cbslocal.com/2019/12/30/oakland-homeless-moms-can-remain-in-occupied-home-for-now/) + +TLDR; + +Wedgewood Properties bought a house in Oakland in July 2019. Four moms moved in to the vacant house in November and refused to leave after being served an eviction notice. Oakland city council is demanding Wedgewood sell or give the property to the moms. + +Can Oakland force Wedgewood Properties to sell or give house to the moms? Do the moms have a right to stay rent-free in the house? +Listened to Mark Ferguson’s ‘Build a Rental Property Empire’ and he briefly mentioned he opens an LLC for every rental property he purchases. Said something about how quick and cheap the paperwork is and one of his employees does it for him on the fly. + +Is this a thing? I understand the benefits of owning an LLC but an LLC for every single property? That sounds like a lot to me but Again I know nothing. +Seems something is definitely brewing…. First, we have Ken G breaking his silence via Twitter, next we have Kenny doing numerous PR stunts and interviews trying to project a cool/calm demeanor that everything is a-ok… and now we have updated client terms limiting withdrawals and/or paying a fee… In my humble opinion this move speaks volumes. Citadel is clearly worried about something whether it be their current financial state or their future financial condition. Year end (YE) reporting is here and if they’ve been successful padding accruals for quarter end reports (or maybe not exactly being forthcoming in previous communications with their investors about exposure or estimated returns), this maybe a hint that YE financials might be ugly… but then again, they might just be preparing for fallout due to an imminent crash… either way, they are bracing for impact. + +Edit 1: forgot to add that it’s been reported that Citadel recently cut multiple portfolio managers as well as a portion or entire global fixed income arm… sure sounds like citadel is working on cutting expenses which additionally supports the above theory.. +What are the biggest discoveries in this science? + +Are there fundemental principals that economists widely consider as absolute? + +Or is it just a political tool and an inexact science.. somewhere far left of sociology on the [xkcd scale](http://xkcd.com/435/)? + + +Edit: I'll add this here as it's a reply to a couple of responses.. + +The subject as a whole seems subject to a large amount of opinion and consequently hard to argue. + +I saw an interesting ted.com lecture, I think it was [David Deutsch](http://www.ted.com/talks/david_deutsch_a_new_way_to_explain_explanation.html), in which it was suggested the reason for the great leap forward in mankinds understanding of the world was because the statements that were made became more exacting and less ambiguous. I guess then more easily tested and contested. With opinion comes slow progress? +Let’s see how the current environment looks like. + +&#x200B; + +Here are **some uncertainties** that govern investors’ reactions over the past 50 days: + +* Nobody knows how long will the pandemic last. Obviously, the longer the worse and there is no indication of slowing down. +* Nobody knows if people who get sick will have immunity over the next potential virus wave. +* Nobody knows how the transition period back to normal economic activity will be achieved and how long it will take. +* Nobody can estimate the real economic damage to the backbone of the economy → SMEs +* Nobody can estimate the second derivative of the sell-off effects, i.e. what will happen with the fallen angels and lack of liquidity. + +&#x200B; + +**A few facts about the virus:** + +* Death rate varies between 0.5% – 7%, depending on population age, ICU coverage and extent of population testing. +* Most of the patients do not present symptoms for many days, which makes the virus extremely effective in spreading. +* No vaccine is expected before the next 12–16 months. + +&#x200B; + +**Now, a few economic facts and hard data:** + +* Almost 50% of US corporate debt is BBB rated now and with most of the world’s population being under lock-down, it is no rocket science that big part of them will fall below investment grade. +* Almost 3.3M Americans filed for jobless claims last week. This is 5x the previous record of 1982. +* The Fed’s balance sheet just exceeded $5 trillion for the first time. +* Markets are deep into bear market territories. + +&#x200B; + +**The Covid-19 effect:** + +Now, it is important to clarify that Coronavirus will not disappear overnight. It will be a long and gradual process lasting 3–6 months. I am afraid the worse is yet to come for markets across the world. The detrimental effects in the real economy are becoming more obvious day by day and translated into spikes in unemployment, mortgage payment delays, lack of liquidity and financing for SMEs, cuts in Capex and supplies, and lastly corporate and personal defaults. This is a self-feeding loop probably leading to what economists describe as secular stagnation. + +The Central Banks were not ready to face such a crisis. Rates were extremely low already and their balance sheets were already loaded with a lot of public and corporate debt. Another stimulus plan may be the only solution now, but it is not sustainable in the long run. + +My opinion is that markets will remain into bearish territory for many months after the “end of Covid-19”. + +&#x200B; + +**What can ordinary investors do to prepare?** + +1. **You cannot time the market**. You never could and definitely cannot start now. So, instead of guessing whether stock markets are going to rise or fall further after Covid-19, adopt a longer horizon. Get some exposure in the stock market but do it for the long run. There is no point to pick the best mutual fund, as most of them underperform the markets. Go for a cheap ETF. Robinhood or Vanguard will probably do for most jurisdictions. +2. **Normal diversifiers** like corporate bonds are always necessary for an all-weather portfolio. However, keep in mind that in every liquidity crunch most of the risky assets move together and move downwards. +3. **Safe havens**, like government bonds (US, Germany, UK) still have their place in your portfolio. +4. **Look for market-neutral alternatives**. This can be alternative types of exposure, investment styles, methods, etc. Look for market-neutral assets and funds. At the toughest periods, the market-neutral investments will keep your portfolio beating. It is true that market-neutral exposure is not the easiest thing to achieve as an ordinary investor, but there are a few apps that try to achieve that. I find Daedalus Investment Platform interesting, but I am sure there will be others as well for jurisdictions not covered. +5. **Keep some cash**. Not only as a safe haven but to also exploit opportunities when you identify them. + +&#x200B; + +**Summary**: These are hard times for the markets and events that are unprecedented for our generation. It is and will be tough, but the best we can do is be prepared both for the virus (social distancing & healthy routine) and for our long-run financial plan. +Looking at the US, for example: + +- the GDP in 2020 was ~$21T + +- the median wage was ~$43,000 + +- there were ~166M workers. + +If we take that $21T and divide it amongst the labor force, we get ~$126,000 per wage earner. $43,000 is 34% of $126,000, so 34% of the GDP is going to the workforce. Or put another way, the ratio of median personal income to GDP/worker in the US is ~34%. + +The ratio in Russia, on the other hand, sits closer to 3%. Germany's sits around 40%. Denmark's is 34%. These are all for 2020. + +From the few I've checked, it seems that Western nations tend to sit in a range of 20-40%, while developing nations are typically less than 5% (please correct me if I'm wrong). Does this ratio have any bearing on upward mobility, income inequality, or access to capital? What would happen, for example, if a nation implemented policies to drive that ratio from 34% up to 70%? Or if a nation with a 30% ratio deliberately drove that down to 5%? +I am thinking of doing a stats major but looking at the course load I think it would be incredibly demanding and its very difficult, my stats courses gpa is like a 2 and heard upper years is brutal. + +&#x200B; + +Meanwhile I find econ much easier. WOuld it be a good idea to major in econ for the job prospects? I know python and r and thinking of working as a analyst + +&#x200B; + +Also will minor in cs and stats/. +Sorry if this sounds stupid, but I was looking at the google GDP charts of different countries and it seems the European countries fluctuate up and down a lot more than the US, with a lot of them such as the UK having a higher GDP per capita in 2008 compared to 2019. What resulted in this? +Theres a faction of nimby lite in the r/yimby sub that argues supply and demand applies to housing but not air bnbs. Ridiculous, considering how every study shows competition in housing, of every type, lowers costs. + +Do air bnbs follow supply and demand? + +If we build enough for the demand of residence and the demand of AirBnBs why would it not lower costs? +"Who would hire a teen for 15$/hr minimum wage over adults? Wouldn't big companies automate jobs away? Like McDonald and their kiosks very few cashier now. + +Wouldn't this hurt small businesses since they can't afford to hire? So wouldn't this cause inflation? Only benefiting the big companies to automate? + +How are we going to deal with automation and the lost of jobs? +Are there any good papers or theories on controlling aggregate demand as a lever for economic growth? In a few cities now, significant raises to minimum wage have (counterintuitively, to some) had a very positive affect on employment and economic activity. + +I am wondering if depressed purchasing power of large population segments inefficiently siphons purchasing power from potentially high-utility market activity. I am interested on measurements of where marginal returns would be increasing and decreasing. Just looking for some empirical data and vetted analysis. +Hear me out, + +Rising rates means mortgage debts are more expensive to service, meaning less people can afford them. This is the point of raising rates after all, to cool off demand like housing demand. + +Further, in the US there is something called 30 year mortgages - meaning your rate doesn’t change for this time period as it is effectively locked in. Canada is different as we do 5 year locked. The fact that there are 30 year mortgages means the fed risks overshooting rate raises - demand habits won’t change for these folks as their rates are already locked in and not effected by rate hikes. + +So, who will be left to buy up property in this scenario? The wealthy who have cash stored up ready to buy during the dip. + +These real estate corporations and landlords will no longer have to compete with several smaller bidders and can instead scoop up real estate even more easily than before. + +This rise in demand brings the price of housing upwards, meaning raising rates increases housing unaffordability and more capital - demand - goes into housing than before hikes. + +Is this a possibility? + +If so, could this spark a wealth tax of sorts as a way to burn - tax - the cash of these elites to decrease their spending power? + +Thanks. +This is the part of [the post ](https://www.linkedin.com/pulse/starts-inflation-ray-dalio/) that doesn't make sense to me: + +> Since the price of anything is equal to the amount of money and credit spent on it divided by the quantity of it sold, the change in prices i.e., inflation is equal to the change in the amount of money and credit spent on goods and services divided by the change in the quantities of goods and services sold. + +It seems that he's taking a difference of ratios and trying to equate it to a ratio of differences. For example, if the total amount spent on the goods and services stayed the same and the total quantity decreased, that would mean that prices increased and that inflation is positive. By Ray's "definition", inflation would be negative in this situation. + +Am I misunderstanding Dalio? Or did he make a mistake in his post? +Increasing the money supply is ok, I get that. But, for example, why did Venezuela kept on printing money while knowing that it will cause hyperinflation. Surely there were some economists who thought it was a bad idea. +What ETF is recommended for long haul, 18 - 20+ years? I am looking to put an initial investment of 2 to 3k EUR for a newborn to git at the age of adulthood. + +Initially I was looking at SP500 equivalent for EU citizens, but that puts everything in US stocks. I still think is good for long haul as it gives a nice growth curve. +I'm an expat in Berlin (not american) and I want to start investing as soon as possible. I don't want to wait until I feel like know everything to start. + +What resources do you recommend to learn? + +What broker should I use? I've heard good things about Interative Brokers and I would like an opinion on that. +How should I begin? I want to invest long term. Stocks, ETFS, etc? + +Should I invest on getting a financial advisor? I don't necessarily have the money but I would do it if it's necessary. + + +Thanks for all the help :) +I just read that Portugal does not tax crypto sales, i.e. you can seell crypto to FIAT and you pay literally 0 tax, which is quite appealing to me. I had a general question regarding moving to another country for tax avoidance (not evasion!). + +Let's assume I move to portugal in Jan, and stay for most of the year there, then I presume I become tax resident there. during that period I sell 200 billion USD worth of crypto (not really but good for illustaion :) ) and then I head out of the country and move somewhere else. Would I have 0 tax due in Portugal and as such, nowhere else for that year ( I assume there is no double taxation of any sort like e .g. for US citizens)? Thanks! +Apologize for the throwaway account, it really makes me uncomfortable discussing personal finance on the internet using my main account. + +**Situation:** +\- Italian, 23 years old, living in Middle East +\- Net salary: \~120k€ / year (70% saving rate) +\- Side hustle: \~8k€ / month in crypto (100% saving rate) +\- Debt-free + +**Assets:** +\- 250k€ in saving account (\~3% interests / year) +\- 300k€ in crypto (lost at least 100k€ to last few days volatility) +\- 60k€ cash + +**Problem:** +I don't know much about finance, by sheer luck I found myself making a ton of money and I'm looking forward building a strategy that will allow me to retire in the next 5-10 years: my idea of "retirement" is to buy beachfront land/house in a place with great weather, start building a family and keep living off passive income (or at least not having to be a wage slave for the rest of my existence). + +My current full-time job is extremely stressful and competitive, I'm absolutely burned out and am planning to move back to Europe and find a remote job there; as I will be able to settle down and relax for a while, I'm also thinking of starting moving some of my money into stocks/ETFs and hopefully make them work for me: I'd probably be okay with investing 200k€ and keep adding around 1/2k€ a month. +Considering I also own crypto (that I don't plan to touch for the next 4 years at least, at which point I guess I'll have to find a place where I'll be able to cash it out without getting destroyed by capital gain taxes) my strategy would need to rely on medium/low risk ETFs. + +I am also evaluating possibility to invest into real estate, but to be honest I'm not sure that's a good idea at all for me: my problem is mostly that I have absolutely no idea where I plan to live yet (if in Italy, if in Spain, if in Germany...), so investing in foreign properties while not even living in the country would probably end in being a PITA. + +Worth to mention that my lifestyle is very simple, so I expect to be able to save at least 60 to 70% of my income for the foreseeable future. + +Not sure there's any other useful information I can provide, but feel free to ask in case. +Appreciate any constructive feedback and/or suggestions, thank you. + +Ciao! +**(TL;DR at the end of the Post)** + + +**Introduction** + + +Hey guys, +as some of you might remember, yesterday i posted about some anti DRS shill posting nonsense and trying to back it up with some nonsense, non-related filings trying to somehow bash DRS in general and Computershare in special. + +**However**: I think this dude dont know that he somehow handed me the link to a filing which is more than interesting and i would like to share some findings within the filing or to be more precise, within the comment that Computershare made to it back in 2008. + +I’ve downloaded the document from the official SEC page and re-uploaded the pdf with some marked passages which i will talk about in a sec. + +**Original SEC-Link for reference:** + +[https://www.sec.gov/comments/sr-dtc-2006-16/dtc200616-39.pdf](https://www.sec.gov/comments/sr-dtc-2006-16/dtc200616-39.pdf) + +**Link to marked document by me:** [https://drive.google.com/file/d/1capSu2X8wOnlikVRXNrhbwfUx0NcrX-6/view?usp=share\_link](https://drive.google.com/file/d/1capSu2X8wOnlikVRXNrhbwfUx0NcrX-6/view?usp=share_link) + +Computershare imho did a very good job in pointing out their main objections against this proposed rule-change by DTC and made it easy understandable, also for people who have a decent understanding of the discussed matter but are not highly trained experts. + +So lets start. I will write about the single parts i marked, ordered by the page number in order to make it more easy to follow through. You can either read it in the pdf i've prepared for you to download or just look at the pages I've included as screenhots for better readability. +The most spicy parts start with page 5 - but i still recommend to read the whole thing. Its not that much. + +At the end, i will bring up some thoughts about this i came up with by myself and invite you to share your thoughts. + +**Lets get reading** + + +**Page 1 - The Warmup** + +Right on the first page, Computershare reinterates that the DTC did not adress any of the objections Computershare has made in an earlier version of the proposal. This might be just because of stupodity, + +for what i’ve learned about the DTC and DTCC, this just seems to be some sort of entitled ignorance from my point of view. Computershare then continues to tell the SEC that they are dissapointed about the SEC not being able (or willing) + +to tell the DTC to fuck off since they are not an authoritive entity to transferagents since the only authoritive entitiy is the SEC (called the commission within the letter) and not the DTC or DTCC. + +&#x200B; + +[Page 1 - The Warmup ](https://preview.redd.it/6i5iq413ybz91.png?width=910&format=png&auto=webp&s=2e79cb4fdebaa659a2ff1fce164f01910b16fb9b) + +&#x200B; + +**Page 3 - Getting started** + +Computershare starts by adressing the issue that transfer agents are not a custodian to the DTC - even though the DTC seems to have this understanding. In fact, the DTC actually is just another direct registered shareholder on the records of computershare or any other transfer agent. + + +[Page 3 - Getting started](https://preview.redd.it/qljb1ng8ybz91.png?width=815&format=png&auto=webp&s=af052084b66f5498425a8e475471fe5bda1142ef) + +**Page 4 - More clearing up things** + +Computershare continues to state their relation and the relation of transfer agents in general to other entities and the DTC in special, including facts just like that they do not actually hold securities but only the records about these and that a direct registered holder does hold his/her securities with the issuing company itself. They also continue to once again point out, that the DTC does not have ANY authoritiy over Computershare or any other transfer agent and that it is a bit odd that the DTC + +is just trying to act as an authoritive entity while the SEC is currently (back then) working on a new set of rules for transfe agents. + + +[Page 4 - More clearing up things](https://preview.redd.it/utvpy27cybz91.png?width=906&format=png&auto=webp&s=77409a6645afa9bad0e54c6cce8d0f502147d078) + +**Page 5 - This is where the fun starts and stuff gets interesting** + +Computershare describes how the DTC is trying to require transfer agents to make notifications about any deficiencies which are documented by the SEC within 5 business days. But not only that. The proposed rule change + +would give the DTC access and insights to all books, facilities and records of Computershare or any transfer agent. This is a big no-no. Computershare continues to describe how this privlige is rarely - if ever granted to any of their + +customers and since the DTC isnt even a customer to them, there is absolutely no reason for them to have any access to their books. According to computershare, the DTC also isnt entitled to this data in any legal way and has failed to + +point out any reason why they should gain access to this data or even worse - take action on the data that they receive on this way. + + +[Page 5 - This is where the fun starts and stuff gets interesting ](https://preview.redd.it/28yeb5mfybz91.png?width=691&format=png&auto=webp&s=8262eb6170d264fbed8fc9e8b1d88f7b532630c3) + +**Page 6 - the most spicy and critical part imho** + +In this part, Computershare explains how they would be required to inform not only shareholders but the DTC as well about any DRS-Withdrawal-by-Transfer requests (meaning, anyone wanting to withdraw shares (the way its formulated i guess + +they are talking about withdrawing shares TO the agent - but this is a bit vague and im not 100% sure about this one). + +They also talk about their position being that the DTC does not have any authority so they are simply not entitled to be informed about anyone making DRS-transfers and even if they were, Computershare does not want to have all of this effort without any sort of compensation from the DTC. + +Now the (imho) most spicy part of them all. + +Computershare describes how the proposed rule change would relief the DTC from nearly all book-keeping errors that may occur and would only the transfer agents to be the one to take the L and give recovery to shareholders that suffer a loss. + +Or in other words: the DTC wants the transfer agent(s) to come up for any error they make on their books that may lead to losses for shareholders - and by that - they mean any „errors“ or „mistaktes“ that are made not only by registered shareholders but also broker-dealers. Since the DTC is nothing else than a registered holder to a transfer agent (as they took their time to point out earlier) this would relief them from any mistakes they make. + + +[Page 6 - the most spicy and critical part imho](https://preview.redd.it/a4t8tkwjybz91.png?width=675&format=png&auto=webp&s=506f865425bec8031087192cc36163e8ca55f6c8) + +**Rest of the document** + +The rest of the document imho is not that interesting since there are some objections by Computershare about how they dont like that DTC would want transfer agents to scale up and upgrade their systems due to DTC wanting this + +so the communication between both ends are more easily and that DTC would not give compensation for the transfer agent if they adjusted their systems to their demands. + +**Conclusion:** + +From what i understand - this may be a big one. We know that naked shorting and other shenanigans have played a big role in the past already (Lehmann, Overstock, CMKM, Madoff and other Incidents come to mind). Now most of these incidents and cases of fraud were possible because of manipulation that would have been able to decipher with access to any books and records by authorities. Madoff himself stated that the SEC should have found about his doings earlier if they investigated DTC(C)s books. + +**However**: Since DTCC and DTC as their custodian often seem to be involved but dont know what exactly is on the books of transfer agents, this somehow reads to me as they would REALLY REALLY like to know what in these records so they maybe can adjust their own to somehow, in a very warped way, fit with these records. I just cant help but think about anything else. For example they know what kenny has on his books (at least a bit of it) and can quite easy tell that this does not seem to be right - but they dont know what exactly computershare has on their books and HOW BAD kennys books dont fit to all of this. They know they are fucked - but not exactly how hard. + +But the even bigger part for me is that they wanted transfer agents to be liable for their own errors - some sort of weird „out of jail card“ if authorities check books of a transfer agents and DTCs books and see its not fitting at all. DTC made the „mistake“? \*cough cough\* - yeah time for the transfer agents to come up for it i guess. + +Since this is 14 years old and i only gave it a rough look YET, i may appreciate any help from other wrinkly apes since i could not come up with any data, if these objections helped or if the DTC in the end got their wanted access to transfer agents books. + +&#x200B; + +**TL;DR:** The DTC tried to gain access over any transfer agents books and records and make them liable for any of their mistakes and errors and computershare objected to the SEC and tried to fight it off. +My employer has told me I will be receiving a lump sum payment from this job keeper payment. He’s told me when he transfers it into my account I will need to withdraw it and give it back to him at work? When my employer applied for the job keeper payments, asked everyone to sign the forms while we were at work. He filled the form and then asked for our signatures. I should have read what I was signing but he made me feel like it was nothing and I could trust him. I feel he is being really dodgy. Our work has picked up again and he has stopped all EFTPOS payments and only accepting cash...my guess is to show the government business has “decreased”. +I've written about this before, but I have a lot of love for my alts. Not shit coins, not memes, but projects I invested in because I believe in their future success. I wasn't going to list them, but I feel like it's relevant; ADA, Algo, DOT, CKB, LRC, Ankr, etc. (there's more, but we'll start with those) Of course, I also hold BTC and ETH, but that's beside the point. + +Some I have been holding for a few years. All the way up, and all the way back down. Hindsight is a bitch, but we all know that, and I'm sure we all learned lessons over this last year about taking profits. + +I'm a stubborn individual, maybe to my demise, but I'm not selling. I'm willing to wait 5-10 years and give them a chance. I'm like Jordan Belfort in his "I'm not fucking leaving" speech, no matter how psychotic that may seem. + +So, are you holding on, or did you drop your alts like a hot stone? +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/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +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/EKU2tVBp9u) +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 daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +the Super Rich, the people who control the money supply and the Governments of most countries + +NEED desperately for people to remain wage slaves and debt slaves + +NEED desperately for people to believe the Illusion that Life is Fair and that the American Dream is not just a dream + +************************************************************* + +Unfortunately, people are getting stuck in SURFACE LEVEL issues (technicalities of how stock market works) + +and not Digging Deep to find the REAL Deep Fucking Value Realizations and Insights + +The Stock Market is COMPLETELY RIGGED + +Anything that is rising as an Alternative Way to Investment is being attacked + +Because The Super RICH + +desperately NEED retail to keep burning their money in the stock market + +************************************************************** + + +There is perhaps a very big Misconception among retail investors, including among GME Shareholders + +There is a belief that, at some level, the Fed, the DTCC, the Governments of various countries, the SEC, FINRA are + +1) Trying to Protect Retail + +2) On the side of Retail + +3) Just incompetent and/or slow and at some magic point of time will suddenly bring in the win for retail + +***************************************************************** + +This is simply not true + +Regulatory agencies are NOT on the side of retail and every day people + +Believing this requires making a lot of assumptions + +We see people do massive amounts of rationalization + +Gary Gensler and SEC have done nothing for one year + +despite DAILY evidence of massive manipulation of GME stock price + +It is not because 'their hands are tied' + +It is not because 'they have to wait for DoJ to step in' + +etc + +etc + +************************************************************** + +The reason regulatory agencies have done nothing for retail DESPITE such an easy slam dunk available + +is because + +They are EXCEPTIONALLY GOOD at their REAL JOB + +which is screwing over retail, protecting the Super Rich, and making sure people never get out of Debt Slavery and Wage Slavery and Financial Slavery + + +***************************************************************** + +If you have to create an ELABORATE FAIRY TALE to explain why all the Regulatory Agencies are all (at the same time, no less) not doing their job of regulating the Super Rich, and instead seem to be PROTECTING the Super Rich + +then perhaps it is time to EMBRACE THE REALITY + +These people are all VERY GOOD at protecting their overlords + +as are The Fed + +Gary Gensler is worth $100 million from this time at Goldman Sachs + +Do you really believe that a man smart enough to make $100 million in his 19 years at Goldman Sachs + +is so incompetent now that EVERY SINGLE DAY stock price is manipulated and he can't figure it out + +????????????????? + +**************************************************************** + +The REAL job of the Regulatory Agencies is TO PROTECT the SUPER RICH from the Poors + +The Poors cannot be allowed to do a Capitalism + +And they are EXCEPTIONALLY GOOD at it + +It's time to stop being in dreamland + +*********************************************************************** + +Want proof? Look at what areas they are attacking + +A) Shareholders of GME and GME itself + +Why? Because if they follow the rules it will be + +The Greatest Transfer of Wealth OF ALL TIME + +********************************************************************** + +B) Shareholders of other heavily shorted stocks such as BBBY + +Why? + +Firstly, because it would be one of the greatest transfers of wealth of all time + +Secondly, because 50% of those retail winners would YOLO into GME and trigger the single greatest transfer of wealth of all time + +*********************************************************** + +C) NFTs + +Why? + +Not to 'protect' customers + +Because NFTs were becoming a market where people could go in, speculate and those who picked the winners (or just got lucky) became WEALTHY + +Instead of people going to stock market and getting their money stolen, people were becoming millionaires in NFTs + +Yes, there were losers too. However, in stock market, as it stands now, nearly all of Retail is losing + +at least in NFTs people making smart investment decisions were winning, and were winning big + +THE WORST thing the Super Rich could want, is a group of people becoming very rich in a system the Super Rich do not control + +*********************************************************** + +D) Cryptcoin and everything Web 3 + +Why? + +Because Cryptcoin and Web 3 are DECENTRALIZED + +They are trying to take it over via Citadel and FTX (look at the founding team and the people funding it) + +No one can control Cryptcoin + +so it is a MASSIVE threat + +if you are in a system built on stealing from retail + +Retail goes to Cryptcoin -> hard to steal + +************************************************************ + +Please consider what these 4 areas have in common (GME, Heavily shorted companies, NFTs, CryptCoins) + + +A) Outside of Control of Fed + +B) Every day people were actually becoming rich + +Cryptcoin has created so many millionaires and these are all people AGAINST the rigged monetary system + + +C) A MASSIVE threat to the Super Rich + +The poor are supposed to - pay their taxes, live in debt, live as wage slaves + +Never find their Financial Freedom + +If one NFT can give people $200,000 and eliminate debt and set them free + +If one Cryptcoin investment can give people $1 million and they drop out of the system + +If one GME share in MOASS will give tens of millions of dollars + + +The Entire Rigged system breaks apart + +**************************************************************************** + +The biggest enemy of GME shareholders is not some short hedge fund + +The biggest enemy is the False Belief that the Governments of various countries, that the regulatory agencies, that the markets are set up to PROTECT every day people + +********************************************************* + +The Biggest Reality to Embrace is that all of these are set up to + +PROTECT every day retail from ever achieving Financial Freedom + +Protect the Super Rich from ever having a lack of wage slaves and debt slaves + +MINDWASH retail into thinking markets are honest and they are 'protected', when in reality they are being sheared like sheep + +**************************************************************** + +Please think about the hard work you do and the value you contribute to people every day + +Do you think a single head of a Hedge Fund is contributing that much value? + +heck, the Short Hedge Funds are destroying companies and jobs and creating negative value + +Why are they making $1 billion a year for providing ZERO value??? + + +Because you are willing to work hard and give that value and let them assign how much it is worth in dollars and you are letting them assign INSANE and WRONG valuations to the useless (and often destructive) work they are doing + +**************************************************************** + +This is a sick and twisted CON + +Retail is brainwashed into thinking that the regulatory agencies are protecting them from 'getting scammed' or 'taken advantage of' + +In reality, these Regulatory Agencies and the Fed Reserve are Protecting Retail from ever becoming wealthy and Protecting them from ever achieving Financial Freedom + +******************************************************************************* + +More and more people are now fighting for WHAT IS RIGHT and Ethical Reasons and to clean up the corruption + +To free our children and grand children from Financial Slavery + +Now the last jump is to accept what Reality is Telling Us + +It is not that the Regulatory Agencies and the Governments are very bad at protecting retail and weeding out corruption in the stock market + +It is that the Regulatory Agencies and the Governments of the World are EXCEPTIONALLY good at protecting corrupt systems and at protecting the parasitic Super Rich that are benefiting from these corrupt systems +**Blacklist & Destroy** +The following is for Tether tokens on the Ethereum blockchain only. +The Omni/Bitcoin blockchain Tether tokens function differently, though similarly as well as they can freeze addresses. +Looking through their [smart contract source](https://etherscan.io/address/0xdac17f958d2ee523a2206206994597c13d831ec7#code) on lines 264 through 299 are the blacklist and destroy functions. +I have excerpted these lines in this [pastebin](https://pastebin.com/LADR4K1V). + +**Summary** +Tether is able to unilaterally blacklist any Ethereum address. +Doing so labels the user as evilUser and all their Tether tokens are designated as dirtyFunds. +Once a user is blacklisted the destroyBlackFunds function can be used on their Tether token balances. +This sets their Tether token balances to 0 and decreases the total supply for the affected Tether tokens. + + **Possible Consequences** +Aside from the obvious of being at the complete mercy of Tether, this leaves them open to potentially catastrophic incidents and coercion from governments and other entities. +Someone who gains access to the smart contract functions could blacklist all token holder addresses and then destroy all Ethereum Tether tokens. +Tether could say they will comply with all legitimate government orders and blacklist and destroy the funds of anyone a government requests. + +**As a potential model for authoritarian governments** +Cash is difficult to control. +How much easier it would be for a government to have centralized control over all of their citizens' net worth of legal currency. +First a warning is given. +After so many offenses or for whatever reason, the citizen's government issued address is blacklisted, temporarily or permanently. +Their funds destroyed, or not. +This would cut them off from rest of the national economy, except for those who'd risk becoming blacklisted as well. +This has all the makings of a Black Mirror episode. + +**Plea** +Please, don't support this model. +Don't let think anyone think this is acceptable. + +&nbsp; +&nbsp; +&nbsp; +&nbsp; +&nbsp; +&nbsp; + +EDIT: +Exchanges using Ethereum USDT so far, that I know of. +Could be more. +Other exchanges may add it as an option later. +The exchanges may also be using Omni USDT as well. + +BigONE +Ethfinex +Gate.io + +EDIT 2: +[Tether has revoked 30 million Omni USDT. It now says Tokens Destroyed.](http://omnichest.info/lookuptx.aspx?txid=24db40680654b8b505fda3e96be722ca10f341a129c99260509eb5d84655f1f0) +Does this mean redeemed? +Is it just a stunt? +It's unclear. +Seems that it is rather similar on Omni with Freeze & Destroy, though that wasn't the case in this instance. + +I haven't been in the country for 5 years but I was raised there and I don't ever remember anyone being tipped unless it's exceptional service... + +I googled "Australia tipping" and loads of sources claiming we do. ??? +At this point, I think a flippening between BTC and ETH is more likely than not. Personally, I think the odds are really good, but even the most pessimistic view would probably give this at least a 50% chance of happening. + +So, for some friends who still hold BTC and are wondering when they'll know it's time to get into ETH, I offer the four horsemen of the flippening. + +1. Market Cap. In the past, I thought this was going to be the 2nd horseman, but now I think it's going to be the first. Largely because as market cap gets closer and closer, more folks will move their position from BTC to ETH. At some point in time, ETH's total market cap will equal BTC. That's the first sign that the flippening is here to stay. + +2. Transaction volume. BTC has first mover advantage and they're still the leader in this space. If a place accepts crypto, they accept BTC. Most places don't accept ETH, yet. So, when ETH's total transaction volume equals BTC's, that's the 2nd horseman. It means that folks are using ETH (or at least buying and selling it), AT LEAST in equal measure to BTC. + +3. Public realization that 1 and 2 have occurred is the 3rd horseman. At first, let's be frank, only a bunch of crypto-nerds like me will even know that 1 and 2 have happened. But when the media starts reporting that BTC is no longer king, then when new people enter the crypto space, they'll enter with ETH, not BTC. Likewise, folks who don't follow this stuff much, maybe own a few BTC but don't fully understand why, will start moving to ETH. + +4. The final horseman of the flippening will be a mad rush to the exits for BTC holders. This will be like a bank run as folks realize that the only thing keeping BTC in the business (that it is the biggest, because it was first) is no longer true, and that ETH is better at everything than BTC was. When BTC falls, it will fall incredibly quickly. It will probably always be worth SOMETHING. After all, Litecoin is worth SOMETHING, but I think a valuation of 10% off the current valuation, or maybe 5% or 1% isn't out of the realm of possibility. LIkewise, this will case an equivalent runup in ETH. The people selling are crypto enthusiasts and early adopters. They'll want to stay in this space, and the main likely alterative will be the space's leader: ETH. At some point during the 4th Horseman's arrival, 1BTC will equal 1ETH, but this will be largely meaningless, because it will happen not just because ETH is rising, but because BTC is falling. + + +I see these 4 things as inevitable. To me, it's not a question of "if", it's a question of "when". I'm totally out of BTC, because when these things happen, they'll happen so fast that people will truly not have time to react. + +Best of luck to everybody, including BTC HODLers. It's just that when you see these horsemen arrive, it's already happening. + +Or top paraphrase some famous words from the BTC world: This will be gentlemen. But only if you're in ETH. +I am Mehul, founder of [PaisaSavvy.com.](https://www.paisasavvy.com/#!/?utm_source=reddit&utm_medium=IndiaInvestments&utm_campaign=feedback) + +We started PaisaSavvy with the goal to help Indian youngsters save more. We would like to take this opportunity to introduce our venture and take your feedback. + +###The Pain + +The idea stemmed from a personal pain point that me, my friends and my colleagues faced. For the first few years of my professional career, despite having a steady income I always found my savings close to zero. Though, I've come a long way, done few certified financial courses and helped create wealth for me and my friends, everybody won't have such time. +And while years had passed, I realized my younger colleagues who had just graduated or were into 2-3 years of jobs were in the same situation as I was once. + + +###Savings, on paper! + +Saving is not that hard, let's see a simple calculation — if one invests just Rs.5,000 / month, in last 4 years he/she would've had around Rs.5,00,000, given 19% Nifty return between 2013-2017. While this amount would be just Rs.3,00,000 in bank FD/RD. + + +###Savings, in real life! + +This sounds easy, but it takes a lot of time to research and analyze the various investment options. For me, even though I've been doing few profitable equity investments here and there, I never had time for consistent research and monitoring due to a full-time job. **And most importantly I didn't always have that exact Rs. 5,000 every month, many months I end up spending all money and I kind of come short a few months.** So, mostly my money used to lay there in a savings account. + +This motivated us to start Paisasavvy, a simpler approach to savings and investments. + + +###How PaisaSavvy Does it + +**Step 1:** You open the [PaisaSavvy](https://www.paisasavvy.com/#!/?utm_source=reddit&utm_medium=IndiaInvestments&utm_campaign=feedback) **Smart Savings Account** which is like your savings bank account and you deposit your salary into this account. And it gives 6% annual return. + +**Step 2:** You spend your money via debit card, ATM, and online payments as you do with your normal bank account. + +**Step 3:** When your new salary comes, at the end of the month we **Auto-Invest** your surplus amount into various options like Equity, Gold, Bonds, etc based on your risk profile while keeping 20% cash/liquid for the emergency. + +**Step 4:** Sweep-in! Just like regular sweep-in account whenever you empty out your liquid money, our system automatically **Sweep-In** some amount from your investments. So you can spend care-free. + +&nbsp; + +We will appreciate a lot if you could share your suggestions and feedback to make this product more useful for youngsters. + +\- Thanks +PS: I've initially posted this to /r/AskIndia +Edit: Request to go easy on us since we're in the beta phase. - Thanks. +PS Edit: On a huge number of suggestions over here, we're starting direct plans in 2-3 months. +I am Mehul, founder of [PaisaSavvy.com.](https://www.paisasavvy.com/#!/?utm_source=reddit&utm_medium=IndiaInvestments&utm_campaign=feedback) + +We started PaisaSavvy with the goal to help Indian youngsters save more. We would like to take this opportunity to introduce our venture and take your feedback. + +###The Pain + +The idea stemmed from a personal pain point that me, my friends and my colleagues faced. For the first few years of my professional career, despite having a steady income I always found my savings close to zero. Though, I've come a long way, done few certified financial courses and helped create wealth for me and my friends, everybody won't have such time. +And while years had passed, I realized my younger colleagues who had just graduated or were into 2-3 years of jobs were in the same situation as I was once. + + +###Savings, on paper! + +Saving is not that hard, let's see a simple calculation — if one invests just Rs.5,000 / month, in last 4 years he/she would've had around Rs.5,00,000, given 19% Nifty return between 2013-2017. While this amount would be just Rs.3,00,000 in bank FD/RD. + + +###Savings, in real life! + +This sounds easy, but it takes a lot of time to research and analyze the various investment options. For me, even though I've been doing few profitable equity investments here and there, I never had time for consistent research and monitoring due to a full-time job. **And most importantly I didn't always have that exact Rs. 5,000 every month, many months I end up spending all money and I kind of come short a few months.** So, mostly my money used to lay there in a savings account. + +This motivated us to start Paisasavvy, a simpler approach to savings and investments. + + +###How PaisaSavvy Does it + +**Step 1:** You open the [PaisaSavvy](https://www.paisasavvy.com/#!/?utm_source=reddit&utm_medium=IndiaInvestments&utm_campaign=feedback) **Smart Savings Account** which is like your savings bank account and you deposit your salary into this account. And it gives 6% annual return. + +**Step 2:** You spend your money via debit card, ATM, and online payments as you do with your normal bank account. + +**Step 3:** When your new salary comes, at the end of the month we **Auto-Invest** your surplus amount into various options like Equity, Gold, Bonds, etc based on your risk profile while keeping 20% cash/liquid for the emergency. + +**Step 4:** Sweep-in! Just like regular sweep-in account whenever you empty out your liquid money, our system automatically **Sweep-In** some amount from your investments. So you can spend care-free. + +&nbsp; + +We will appreciate a lot if you could share your suggestions and feedback to make this product more useful for youngsters. + +\- Thanks +PS: I've initially posted this to /r/AskIndia +Edit: Request to go easy on us since we're in the beta phase. - Thanks. +PS Edit: On a huge number of suggestions over here, we're starting direct plans in 2-3 months. + + +[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!* +This is it guys, the end game... again. + +With more and more apes DRSing, liquidity inside the well dries up more and more every day and hedgies digging their death spiral by shorting it more to the ground. + +Now with the upcoming announcement (probably EOY/Q1 2022), we will see gme rise up again like a phoenix, reborn from the ashes. + +This is it!, the day of the "Fake Squeeze". + +MSM will announce that GME reaches $1000+ and saying everywhere that the "Squeeze is over" in hope of apes to sell. + +Think fucking again about swing trading this shit. +___________ + +**What if there is no Drop?** + +________________ + +Remember back in January?, Even already at the price of $500 they stoped the fucking buy button and this is when they digged their grave to their doom. + +This **Won't happen here** + +They know their already doomed, with the massive retail fomo and people buying even in the 1-10k range, no way in hell the price will drop again. + +And if these shares get DRSed aswell?, even less liquidity. + +**Money is infinite to them, shares are not.** + +**-- [I highly recommend watching the bloomberg video from February again to understand how close we were to the collapse of the whole system](https://www.youtube.com/watch?v=Yq4jdShG_PU) --** + +This is it guys, the absolute point of no return, no more dips, less liquidty and no more "1 fucking day" to these smelly bastards if people don't paperhand during the upcoming fake squeeze. + + +**Buckle the fuck up** +Want to deploy some capital for wheeling. That said, most suggestions I find are either <$40, thus premiums are too low for my liking, or >$70 (e.g. AMD, etc.) which is outside of my budget. + +Ty! +Been running the wheel for about two years now but I've never done it in market conditions like this. Basically I've wheeled myself into holding a volatile position I'm down pretty bad on. I originally got assigned a $NVAX CSP at $120 per share last October and collected CC premium for a few weeks as it went up. I finally cashed out around $190. + +However I got greedy and sold another CSP which got assigned at $195. That was right when this slaughter began and I've ridden it all the way down to $84. Factoring in the CCs I sold when it was going up, my cost basis is around $110. So I'm struggling with what to do next. + +I don't think the premium at OTM strikes are worth it if I get assigned as I'll still be selling for a huge loss and I think there are some catalysts that could turn things around. On the otherhand this is a biotech that was trading in the single digits pre-Covid so part of me feels like there's a real chance this thing could end up being worth hundreds of dollars. I've sold no CCs this year because I've just been frozen watching this thing plummet and been scared that I'll get assigned at a loss. So for those who've dealt with something like this before, what would you recommend? +https://www.ctvnews.ca/canada/canadians-have-lost-more-than-131-billion-investing-in-cannabis-companies-firm-1.6156722 + +High quality marijuana cost $7.69 per gram. [source](https://www.publicsafety.gc.ca/cnt/rsrcs/pblctns/2017-r005/index-en.aspx) + +It’s estimated that the average joint has 0.32 grams of marijuana in them. [source](https://penntoday.upenn.edu/news/new-penn-research-shows-average-joint-contains-much-less-marijuana-thought) + +So one joint should be around $2.46. + +Therefore, $131 billion could purchase 53,252,032,520 joints. + +Canada’s population is 38.25 million. [source](https://datacommons.org/place/country/CAN?utm_medium=explore&mprop=count&popt=Person&hl=en) + +So each Canadian could have gotten 1,392 joints instead of investing in cannabis companies. That’s damn near 4 joints a day for an entire year. (Even a leap year) + +Check my math if you want but this is my math [guy](https://images.app.goo.gl/bppDpJ7iPASTzFA87) He doesn’t even speak English. + +Canada is my nominee for loss porn of the year. +I would like to hear the varying opinions on why the Australian property market will or will NOT drop over the coming 12 months. + + +I can personally think of a lot of reasons why property prices will drop and drop significantly over the next 12 months, however I've yet to hear a well thought through and articulated argument for prices not dropping materially. + + +So please share your views **for** or **against**, however be sure to include your **sound reasoning** behind your opinions, as I'm not interested in baseless opinions. I'm looking to challenge my own thinking by exposing it to different views. + +UPDATE: thank you all for your civil and valuable contributions. I’ve set a reminder for 12 months from now, and will check back in via a new post and we can all review how our assumptions and opinions held up. +My daughter is very reluctant to apply for a university place - not because of any academic concerns, but purely because she's scared about incurring a massive debt. + +Whilst it's good to see that she's learnt from our (bad) example and the struggle we've had to get debt free (last payment in 2 days!!!), I don't want her to miss out on getting the best education she can on that basis. + +Things have changed substantially since I was at that age, so there's a lot I don't understand about how student loans work, but am I right in thinking they effectively work as a graduate tax, where you only repay a percentage once you earn over a certain amount? + +What's the best way of explaining this to her so she can make an informed decision, and are there any useful resources I can point her towards. + +Edit: We're in Wales, likely to go to university in England +I'm currently 16 years old and I've been trading in demo accounts for about 2 years now. I've studied a lot, but my parents still won't open an account for me. I feel really sad because I want to do forex as my actual job when I'm 18, and I feel like this headstart could benefit me a lot. I also don't want to go to college, and because I'll finish it when I'm 17 years old, I'll basically just be sitting in my room for a year doing nothing, as my country doesn't allow me to get a job. Any tips? + +&#x200B; + +edit: if you are going to say that forex is a scam just don't post. +Another noob that ended up here because of LRC and wants to be formally inducted into the community :) But as someone who has only ever bought crypto, I don't even know how to buy stocks. + +I know this is something I could google for a general answer, but I'm wondering if there's a specific place/way that apes go about buying GME? Like if there's a method you all prefer? Because I've read the DD and have picked up on the "register it in your own name" stuff, but still am not sure... how! + +Apologies if this is a little too ELI5, and appreciate you all. I think these two communities crossing over makes each other even stronger. + +Edit, in case it matters: Not a US citizen or resident! +How do I get my daughter through college, when we can barely get through the month? +After being homeless for so long we finally have had the blessing of finding a home. But she just graduated and wants to go to college next year. She took a year off so she can work , to not only save some money up but also help out at home to make sure we don't lose what I worked so hard to get. But the shame is real, and I feel terrible.... Every penny that I make goes to bills and food. I am not scared of getting a 2nd job, I already applied... But i need tips and ideas of ways to go about being able to send her off next year...and being able to make sure she has what she needs to succeed. She is such an amazing person. She deserves the world... I just want to be able to help her get it. +Alright you lovely apes. We’re down to the **[FANTASTIC FOUR](http://imgur.com/a/PKNztdZ)** in our r/Superstonk banner contest! You’ve submitted some serious art and the mod team would like to thank everyone that took the time to create and submit a piece of GME history. + +If you don’t see your entry in the finals, do not fret! The goal is to create a compilation of all the entries and have a gallery for you to view- *A Museum of Modern Ape Art, if you will*. I’m new, don’t know how that’s gonna work yet, but if any mod team can make it happen, it’s this one! Now go flex that power of democracy and VOTE! 💪 + + +#[🦍Harambe Finals - Round 4- The Fantastic Four🦍](https://www.polltab.com/bracket-poll/CeHmHHxFDkQ) + + +**There is only 1 vote left after this one. Who will ascend the throne of bananas? Don't forget to vote at 4:20 AM for the FINALS!! Winners will be declared Friday April 23. GOOD LUCK!!** + + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 +________________________________________________ + + +PCA (Pink Cat Announcement 🐈): I usually try to respond to pretty much everyone that interacts with me here but that is becoming increasingly difficult! Y’all have shown me a lot of love and I sincerely appreciate the overwhelming support I got yesterday! I’m always here for you guys and I am going to be interacting through ModMail now. Or I encourage you to tag me in interesting things you see, I am always down for a deep dive or to do a protecc against Shills and Bots 🔫 + +It's an honor to ride this rocket with y'all! ✌💗🦍🚀🚀🚀🚀 +All I am going to do here is post this: [https://www.bloomberg.com/news/articles/2020-09-14/sec-said-to-examine-nikola-over-short-seller-s-fraud-allegations](https://www.bloomberg.com/news/articles/2020-09-14/sec-said-to-examine-nikola-over-short-seller-s-fraud-allegations) + +I assume it’s all over for NKLA. Where can they even go from here? + +*Kudos, to everyone who played puts. Of course lucky me I have some long-dated calls…* +I bought a share of Disney for $114.25 on March 6th, and today it's down to $93.78. I don't see a price match policy on their website but I'm growing concerned because it's almost been a month and I imagine their price match policy is only like 30 days max please help +I’m a bit wary of putting cash into the market right now, so paying off the mortgage on my primary seems like the best idea. + +I was also thinking about only paying off 75% of it as I have a very low interest rate (3%) and investing the rest when the market bottoms out. Thoughts? + +Edit: thanks for all the comments y’all. This forum seems to be very evenly split across 3 options: + +1. Pay whole mortgage off +2. Pay some mortgage off (including option to recast), invest some (50/50) +3. Invest all (DCA/conservative investments) + +I went ahead and used 66% of the gain to pay down my mortgage and will invest 34% more in I-bonds, DCA, and another investment arm I have access to. This was close to my original plan and was somewhat validated by this forum. + +The house I am in right now as my primary is not my forever home, but my forever home will undoubtedly cost more so I’m comfortable putting a large sum of money towards the mortgage since that housing expense will be larger in the future when I eventually trade up anyway. Better to have more of a principal paid off for when I trade up in the future as well since interest rates on a future home will be sky high. (I live in the highest COL area in the world btw.) + +Another note I will make is that I didn’t have to pay cap gains on the gains from the sale of the income property because it was my primary for the first 2 of the last 5 years before I rented it out. +Growing up I was the poor kid. The kid who never got braces on their teeth. I would go a day or two without eating anything. I did homework for entertainment, literally did not have video games. Grew up in a bad neighborhood. However, I did not grow up in an urban bad neighborhood. I grew up in a rural poor neighborhood where there were no food pantries within a 40 miles radius. How was I supposed to get food? Simple: I couldn't. The options were: Shoplift food (never did) or starve. + +As I went on to college and got this amazing thing called a meal plan and got access to literally unlimited amounts of food I began to put on weight. I went from my senior year of high school in 2012 weighing 122 pounds at 5'10" to weighing 162 pounds the beginning of my second semester in college in January 2013. Freshman 15 my ass lol. + +But seriously - it infuriates me when someone says everyone has the same opportunities. No we do not. When I was in college I gravitated towards the other students who were actually there for hard work, the kids who had come from the bad parts of the cities far away - you know the students whose parents didn't buy their way into college... + +I look back and question if we did not have grants and scholarships available for me to have gotten that put me in college. I would have probably ended up stealing to make ends meet and I would have ended up in the never-ending cycle of mass incarceration in America. + +I know this is probably one of the few subs this post is not necessary on. However, I wanted to reiterate that the Elon Musks and Ken Griffins who will preach that it just takes hard work to become successful are wrong. We are not all given the same tools and opportunities. +I don't think I've ever so much as commented on this sub, but I'm a frequent lurker here and on other investing subs. But a phenomenon I've seen growing exponentially in recent months (for obvious reasons) is seeing a solid-looking DD of some stock and when I go into the profile of whoever posted it, it's a 3 month old account that only ever posts DDs of that specific ticker on various investing subreddits. Plus maybe some unrelated posts early on to hit karma requirements. Maybe I'm paranoid but that seems a little suspect to me. I'd expect this to be obvious but I always see comments eating it up and nobody being like hey OP, any reason you've spent the entirety of your time on Reddit shilling this singular stock? + +Anyway, forgive me if I'm stating things everyone knows, but at least check who's writing the DDs (and ideally fact-check the DDs yourself). + +Edit: yes yes, I know, I should have known better than to put a string of capitalized letters that isn't a ticker in my title lmao +This is definitely old news for you wrinkly sacs out there, but for smoothies like myself, it might be a fresh insight which adds another drop to your everlasting ocean of determination! + +It just dawned on me that with its string of gamma squeezes, GME's chart looks more like that of a penny-stock rather than a **$12B** company... its massive 12-month price fluctuation of **3580%** is unheard-of for a company its size. + +90% of my portfolio is invested in this *dying brick-and-mortar company* \[lmfao\]; erstwhile, I'm using the other 10% to swing-trade pennystocks, mostly to keep myself occupied while waiting for the MOASS. As you probably know, **volatility** is what makes pink sheets so lucrative and so dangerous. Tonight, I started doing research on the past year's **most volatile stocks**, hoping to identify trends among those that have had the most explosive gains. + +I started by screening for stocks that had a **price change** of **over 3000%** in the **last 12 months**. As it turns out, there are only **77** of them out there... unsurprisingly, **76 of them are pennystocks.** + +&#x200B; + +[All the companies I recognize are micro-caps, except for GME \[on the second page\].](https://preview.redd.it/86oovvbd2af71.png?width=1035&format=png&auto=webp&s=01921014811c8883926a09ee5eec657cb6edc438) + +I was curious to know how many other non-pennystock companies are on this list, so **I filtered out all the stocks worth less than $10**, and the results genuinely surprised me: + +&#x200B; + +[LMAO. I tried to distract myself from GME, only to spend the evening with Jacque.](https://preview.redd.it/qu0zqgtq2af71.png?width=1062&format=png&auto=webp&s=bced95b72b0af3b8007870c6345b24123101c869) + +GME is the **only** large-cap stock out there that has seen this magnitude of volatility since the liquidity from last year's unmitigated currency dilution (AKA "stimulus") flooded the market and intensified the pace of artificial price inflation. + +The influx of buying pressure and resultant gamma squeeze in January "awoke" the sleeping retail Silverback. But what is far more revealing than the initial gamma run is all the price movement that occurred *afterwards*, from then to now. Untrained eyes might not see it when they look at the chart; that's precisely what sets Apes apart from everybody else. **I** ***see*** **it.** + +The writing is on the wall. It is abundantly obvious the squeeze never ended, and that there's been a very consistent and violent effort to suppress upwards price momentum in spite of a tsunami of buying pressure. This brazen market manipulation has been documented every step of the way, shared for all to see, and that's exactly why they are fucked--the elephant in the room \[predatory short selling & market manipulation\] has been ignored for years, but now there's also a silverback gorilla in the room flinging shit in every direction and getting the elephant riled up. *I am impossible to ignore.* + +I know something else now, too: by aggressively manipulating the stock in order to suppress the price and shake out retail investors, 'Megacorp' inadvertently showed its hand--**now I** ***know*** **I have the winning hand.** They tried too hard to deceive me with opaqueness, financial magic tricks and psychological warfare; by trying to discredit me as a "memer" and discourage the average person from taking me seriously, they inadvertently red-pilled me. *Now, I'm not going anywhere,* for I know this squeeze cannot end in any other way but a **galactic** surge in price and hopefully some meaningful systemic reform, evidenced by lifelong prison sentences for ultra-wealthy felons whose greed predicates a complete disregard for human society and the wellbeing of every other being on Earth. + +I know you're too retarded to sell your memestonk. You have proven that beyond a shadow of a doubt, and now I am convinced that all *I* have to do is hold my shares, and buy more whenever I can afford to, and then sooner or later... **\*pop\*** + +Indulge me, won't you, as I end this post with a visual aid to illustrate how I think we all feel deep down. These are not charts of GME, but of another asset that shan't be named--I'll call it Baby Tabby Cat. + +&#x200B; + +https://preview.redd.it/fruewqwemaf71.png?width=3840&format=png&auto=webp&s=e82d94e410af9d8f42d3b098e0194eb0bf145422 + +[Let's pretend this second peak is $100,000. Any intelligent person would sell at this point. Unfortunately for SHFs, I'm friends with some guy who Ricked a banana and watching it instantly smoothed the last wrinkle from my brain.](https://preview.redd.it/2yjqqcolmaf71.png?width=3840&format=png&auto=webp&s=20d79db41d99b74a557f79ca193997b7ea526e29) + +[Ah, there it is. My sell point... On the way down, for no less than $40M per share.](https://preview.redd.it/txb5oxi5naf71.png?width=3840&format=png&auto=webp&s=e11043716582b7179b3228a51a1a195a7704e53f) + +This chart takes place over several years. I expect the MOASS to play out over a much shorter period of time. But I am fully prepared to wait, *no matter how long it takes*. I expect the ups and downs to be a lot more volatile and unpredictable--but with a similar end-result **(UP)**. I wanna see Stevie get liquidated. + +In the meantime, I buy, I hold, and I chill. + +**GG BOIS EZ** +Look I get it. Jobs are a pain in the ass, even the good ones. I have a project on my desk I really need to get to *right this very minute*. By writing this damn post I'm procrastinating and adding to my stress. But you know what? My job is OK, pretty good even. I've had terrible jobs and I stuck them out until I could get a better job. I got *two* grad degrees in search of a better life. + +I am not the richest on this sub but that's OK too. My family was really poor growing up and it blows my mind that I have five figures in cash in my checking account and phat retirement accounts. I could quit in a huff and coast for awhile. But that would set me back! Day after day I *don't* quit. And if I did, I sure as hell wouldn't tell you guys about until I cleared my head and came up with a plan to FIRE *harder*. + +So here's to all the grinders and strivers out there who do it every day, day in and day out, and don't quit. You may not have a cool story to post on the board, but the struggle is *worthy* and *I salute you*. + +That is all. + +Edit: GOOOOOOOOOOOLLLLLDDDD! TY TY! This was on my bucket list. WAS! +I have been planning to start investing in MFs, however, there are so many of them. Even if I consider just Focussed Equity Funds, there are so many same/similar funds by various companies. Are there are important metrics you look at to decide on a MF? +Hello, + +I have come across the recommendation on reddit & other forums to have a vanilla term insurance plan. What are the reasons behind that? + +Let's say a person buys a term plan + riders (accidental death + permanent/total disability + critical illness cover). Would they face any complications at the time of claims (base policy or for riders)? I heard one The advantage I see over here is if a person chooses a regular monthly pay for the entire term, their premium is fixed. When going with separate plans for the riders, the premiums (most are annual pay) would keep increasing every year & also with age of the person and some point in the future for whatever reasons, the person might not be able to afford them. +I hate to be that guy right now, but if you're going to head off to view our favorite company's stream and participate in the chats or reply to video game related posts, strive to keep the discussion related to said video games. Instead, redirect people who are new to gaming and eSports the GameStop's YouTube channel and Twitch accounts instead. I believe there are a few videos right now that the hosts are putting out that are essentially a beginner's guide to streaming and eSports. I'll post a link to that segment below. + +[Shout eSports](https://www.youtube.com/playlist?list=PLhl8wTgV_m1q4RgKtrYInK9JnMTe1Pd22) + +I'm a pretty avid gamer, and a personal level, it actually irritates me a little when I see it. + +But, that aside, keep hodling. + + +**Edit 4:05pm 7/2/2021** + +Someone asked why, and that's fair. I'll just post a link to the [reply](https://www.reddit.com/r/Superstonk/comments/ocibjq/friendly_reminder_try_to_keep_stock_talk_off_of/h3v29ea?utm_medium=android_app&utm_source=share&context=3) I made to someone else's post. + +Have a good 4th of July weekend, y'all. +Recently my employer has been pushing their internal charity pretty hard. I don't contribute to the charity. + +The person that works for the company that runs it has scheduled a meeting with me to understand why I don't contribute. I didn't volunteer this information, they apparently looked me up in their system. + +I can't help but feel uncomfortable about this. Does anyone have any opinion on this situation? + +Also I want to point out I work for a regular for profit company. + +Thanks in advance! + +Edit: +I felt like I should add some more details after reading some responses. The person that runs it is on the executive team. So this is probably the leading reason this is uncomfortable. I feel either intentionally or unintentionally this will be something I'm judged about by superiors and may detriment my future. This would obviously be illegal, but next to impossible to prove. That's just how I feel though having a one on one meeting be scheduled with me after such a hard organization wide push. +I (20M) have just started investing the last few months and only have ~5k in the market. Hoping to hear from a few people with a little more experience than I. +I agree with this thread here: +http://np.reddit.com/r/ethereum/comments/4op537/schadenfreude_jealousy_and_the_vocal_minority/ + +This guy raised some excellent points. + +I am speaking out as a long-term ethereum holder because I believe that there is a silent majority here of holders that is being drowned out by the vocal minority of jealous haters, trolls and shorters. + +Money brings out the very worst in human nature. The bitcoin maximalists and competitors and those who missed out at the ICO are very much enjoying the suffering here. Many of them are definitely trying to bait us to make the wrong decision, in order to remove their competition and profit. + +Ethereum must do what is in the best interest of ethereum; not what is "pure" or "just" in the warped mind of a crypto purist who is scared of their bitcoin/crypto investment devaluing against ethereum. + +If the bitcoiners could have fixed the mt gox fiasco so cleanly with a fork, they would have. They didn't have that option because it went over the course of years and was too mixed up by the time it was discovered. + +So many strawmen arguments and double standard/ hypocritical arguments from those disruptive bitcoin trolls. Too many to count. Bitcoin have forked when it was in the best interest of the majority before too (when the supply was inflated 100000x overnight by some random bug). We can now fork because it is in super majority's interest. We can fork. It's in our best self-interest to fork. We should fork. + +We are not forking to save DAO holders. The reason to fork is to remove 5% of the eth supply from someone who stole that supply and views ethereum as a "shit coin". The reason to fork is to not allow a distribution of a large magnitude to a malevolent actor. The reason to fork is to protect ourselves and our future. + +The truth is that they are highly threatened by the chance that ethereum will overtake bitcoin and errode their investments. They are here pretending to care and telling us to not act in our own best interest in order to undermine us, in order to disrupt us and ultimately, in order to destroy us. + +Please miners. I urge you to ignore the concern trolls and the shorters and the crypto purists and the bitcoin maximalists. Please do not let these trolls muddy the waters. Don't let them try to create the impression that the community is divided. Please act in your own best interests and the best interests of Ethereum. Soft fork and remove the control of 5% of ether supply from the exploiter. Then we can discuss what to do at length. + +Good luck to all. Regards. + +Ill admit I've been very negative on this sub throughout the year spending most of my time complaining about house prices or taking posts from other users (especially from property bulls) too seriously and personally during any discussion about house prices. I was even strongly considering making a post about discussing how people felt about house prices rising or how people felt about their financial future BUT its almost the end of the year and even thought I still feel very strongly about these topics they can wait for another time after everyone gets over their New Years hangover. Lets end this year on a more positive note because its been a massive shit fight. + + +First off I was offered a full time position as a registered nurse with NSW Health. So career wise I've 'levelled up' and no longer the bed pushing errand boy or glorified arse wiper and finally moved from low income earner to mid tier earner. + + +Secondly I've hit a net worth (excluding super) of $63 000 (13k in cash and 50k in shares). Yes I know its a spec of mist in the vast raging ocean when compared to the sub's average net worth but for me its significant because this is my new all time high and its not bad for a uni student studying full time and working casual on the side though I am sure there are other uni kids who finished uni with much higher net worths. I could have saved more if it weren't for my overseas holidays in the past years but I digress Ill celebrate this minor victory. + + +So what now ? Despite my constant whinging I have very good financial habits (hence why I'm here) and don't see myself being caught up by lifestyle inflation so that net worth is only going to keep growing. So plan is to keep accumulating and at the same time continually gain more experience in my profession. From there hopefully I will either get into a position (in the future) where I will be considered a high income earner (upper management maybe ?) and afford property in Sydney (assuming I don't have a partner earning as much as I am and doing this on my own), maybe use my portfolio as a deposit when it hits a mil or close to a mil (decades later) or just move out of Sydney altogether since health jobs are more mobile. Who knows where life will take me ? + + +Anyway I hope it didn't sound like a humble brag or a flex (I'm sure 63K is a laughable amount here anyway) and if it did I apologise for that. I hope everyone has a happy new year and achieve all your finical goals next year. Take care, stay safe out there and have a good one. +I had to cut my hair and get serious again just like 07. Attend some meetings. Pause some plans. Down maybe 40% but I knew things were frothy and I'm heavy tech, China and cannabis, all of which were destroyed. Envisioning more of the same in '23 but nothing lasts forever and there have been no noticeable lifestyle downgrades. i have found stoic philosophy and an 'embrace adversity' mindset to be particularly helpful in maintaining equanimity so no mood impact although I do admit kicking myself for some overly optimistic decisions. +I’m not currently fatFIRE, but hopefully getting there. + +I have a $3M liquid portfolio, and $2M illiquid startup (successful so far) equity. I also live rather frugally in LCOL, and get by on $40k a year after tax. This might go up a bit eventually. + +The question I have is: as my portfolio reaches above 50x living expenses (currently at 65x living expenses on the $3M if I assume a 15% taxation on the $40k), does it still make sense to keep an 80/20 bogleheads portfolio? + +For pretty much all my investing career I kept this split (with VTI/VXUS/BND/Muni/some cash), and it served me well. + +However, it starts bothering me a little that at this rate I have basically 10+ years of living expenses invested in fixed income that is not keeping up with inflation. I am 34 so inflation is a big risk. + +The nice thing is that I rebalance, so in a downturn like in March I can direct those bonds/cash into equities to restore the 80/20 split. + +I figured this is a problem that fatFIREd have since many of them have high multiples of expenses as net worth, so would love to hear your opinion. + +For your answer, please assume that I was fully retired or about to, so not earning a single dime beyond what’s thrown by the portfolio. +WSJ: + +> Tesla Inc. late Friday acknowledged its semiautonomous system Autopilot was engaged by the driver in the seconds before a fatal crash last week, raising more questions about the safety of self-driving technology on public roads. + +> Federal investigators this week began examining the March 23 crash of a Model X sport-utility vehicle that was traveling south on Highway 101, near Mountain View, Calif., before it struck a barrier, then was hit by two other vehicles and caught fire. The driver of the Model X was killed. + +> Tesla said its vehicle logs show the driver’s hands weren’t detected on the wheel for six seconds before the collision, and he took no action despite having five seconds and about 500 feet of unobstructed view of a concrete highway divider. + +https://www.wsj.com/articles/tesla-says-autopilot-was-engaged-in-fatal-crash-under-investigation-in-california-1522462409 +I’m starting an account with under $1k. $600 to be exact. In todays market what are some suggestions? Articles to read, etc in regard to selling options. +Should I start with selling puts on a stock I wouldn’t mind being assigned with and then CC’s? +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/) +And the debacle continue. Market cap is down to roughly $56 billion. Guardian even has a [live blog](http://www.theguardian.com/business/live/2015/sep/22/alexis-tsipras-forms-greek-cabinet-vw-emissions-business-live) on Volkswagen. + +Interestingly, Transport&Environment notes that 'Volkswagen is by no means the only one' to manipulate the results, as it tested 23 cars from various brands and noted that only 3 cars passed the test. +EDIT: to the people saying "sort by flair", I mentioned that PRIORITIZING the good content is important for the OUTSIDERS. Everyone says, 'Unpin the daily so that we can reach r/all!!!!!!" , but how tf can you expect to be taken seriously with all the memes? To the people saying that there are too many posts complaining, I agree. There certainly are. But that would not be the case if people collectively started to analyze what they are posting and how it could be portrayed to others. Some may argue "why would we care about the outsiders if we are pro-GME and us apes are the best??", well then you need to be reminded that GME is bigger than r/Superstonk, this is so much bigger than our sub and r/GME. Division is key in breaking apart people and weakening our influence. I get that people can't just shit out DD every second of the day, and I don't know about you, but I personally prefer high quality DD. That is understandable. Ultimately, the meme posts and personal sentiments are the highlight of the sub and all I'm saying is the wrong people can play this the right way to get what they want. + +&#x200B; + +I know this has been said countless times, but every time I take a scroll I feel like I'm browsing Facebook in 2012. + +I get it, the memes are funny, but how can this sub expect to be taken seriously when a visitor sees nothing but deep fakes and recycled meme templates? + +This is karma whoring on another level, as there are so many ways to win big on that here: + +* posting memes +* "morale boosters" +* posting the same piece of news 20x +* \*something related to apes\* +* \*something related to cats\* +* information taken at face value that does not readily ask for interpretation from someone more knowledgeable on the subject. + +and many more. + +With these kind of posts rising in popularity, it can be very easy for a shill to post something of that nature to get quick karma and appear more trustworthy. + +&#x200B; + +I'm not saying we can't have fun, and we can't laugh at fat-necked Ken, but there needs to be priorities. + +I do understand that there are filters to see certain content right away, but many people might not use them and downplay the maturity of this sub. + +&#x200B; + +In the end, the DD is sound and we are winning + +&#x200B; + +but we aren't there yet. + +&#x200B; + +When we do win (not "if") you can expect this sub to be passed around millions of media facets and make claims that we are preying on "hardworking businessmen" or "betting against the American people" or "destroying the dollar" all because we are exposing what is wrong. + +But that information is being lost in the shadows of mematic templates and screenshots/reposts. + +Do your own research, and prioritize the quality of your content. + +I yield my time, and I put my crayon back in its 120ct Crayola Crayon Set with Crayon Sharpener ™️ +While quite a few companies suspended or slashed dividends during the recent events, it seems also quite a few are now showing positive earnings again/soon. + +I have a few of these in my port..MGM, BBBY, F to name a few. +Should we expect these dividends to be reinstated shortly..say within the next 6 months, or are they going forward, considering this their 'new norm'? + +And..any companies reinstating now, that we should reconsider? +Feels like we're heading for a classic example of Bogle's "don't just do something, sit there" mantra. + +With the S&P down about 17% this year, I can see why short-term investors or those nearing retirement would be looking to rebalance their portfolios to have more cash on hand and have less reliance on equities. + +But for folks with an investment horizon of 20-30+ years, is there any use in this? Inflation is still high, so keeping cash even in a HYSA feels too risk-averse compared to keeping it in the market, even with potentially more losses to come. + +I know, this is one of those "let me consult my Magic 8 ball" questions. I'm not looking for definitive answers, because truthfully there are none, but more so some opinions around what the community here largely thinks. +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! + +Pretty straight forward. What are your thoughts on this? + +I can say that in my early 20's I was HORRIBLE with my money, I had nothing. Most of my money went to hotting up my car and being the typical early 20's party douche who lives the 'fake rich' high life chasing girls and partying and going to fancy dinners etc. Looked rich to those who didn't know any better, but in reality I was living in my mums basement lol. (Not literally) + +Now I'm in my late 20's and very well off for my age, but I have noticed something very strange. Before I had never valued money and had spent it at will and always felt rich. But now that I changed all my ways and have quite the savings, I can now slowly feel my butt crack getting tighter by the second and mentally feel poorer. I feel as though anything that eats at your money which will not help you gain more in return is poison, and that I am only interested in finding ways in which will help me earn more. A complete and total 180 mindset shift from my life in my early 20's. + +So the moral of this post is, I have plenty of money now but feel poorer then when I had no money. In saying that, I am definitely happier now then when I was in my early to mid 20's which is whats most important. + +What are your thoughts? I would love to hear if anyone shares a similar experience to what I have described above. + +&#x200B; + +PS: AusFinance sub was my literal life saver. I would like to thank each and every one of you who take moments out of your busy lives to contribute to these forums without any personal gain. Without realising so, you have all contributed to changing the financial lives of many people like myself and the other thousands of both financially uneducated and educated people out there. These forums are the blueprint to success and this is a huge **'THANK YOU'** to each and every one of you! +I’m 61 years old, semi-retired with $250,000 income a year until age 65. No debt at all. We sold our house last year with $500,000 profit. Have $2.2M in 401k. And we have additional $300,000 in liquid positions. + +We put $300,000 cash into new home we are building. $700,000 left on home prior to close. + +What is the best route to pay for home? + +If it makes sense, we would like to pay it off before I fully retire in 4 years. + +Options: + +1. Mortgage the whole thing for 30 years and payoff with extra principal at or before age 65? + +2. Take $400,000 from 401k to pay down home before closing leaving $300,000 to mortgage, then extra principal to payoff before age 65? + +3. Take $400,000 from 401k, and $300,000 liquid cash and payoff new home at closing? + +4. Ride the mortgage train for 30 years? + +Oh yeah… I have advanced cancer so I might not live for 30 years. + +Comments are appreciated. Thank you. +So Ive just started watching a documentary on netflix called "Money Explained" [https://www.netflix.com/watch/81345774?source=35&trackId=254743534](https://www.netflix.com/watch/81345774?source=35&trackId=254743534) + +&#x200B; + +I couldn't help but stop the video after a couple of mins in where a supposedly "money specialist" said "Day trading is a form of gambling" I nearly pissed myself I couldn't believe this clown at all. Tbh however i can see where he is coming if you were to trade binary options however he is totally wrong lol. + +Anyone else on here listen to outrageous comments similar to this or hear your friends and family telling you its gambling? please lmk Im two months into trading btw so not exactly a beginner more an amateur. +Disclosure: Some of this is speculative and may need some fine-tuning, please chime in if you have something to add. This is a story of what has likely happened, and what is likely happening now, and in the absence of facts, I've made assumptions. + +TLCR: Brokers don't have your shares to DRS, are trying to procure them over a period of weeks to months. Fidelity is engaged in corporate warfare by BUYING IN undelivered shares transferred to their firm and sending the contra firm the bill. Not telling you what to do but I'll be Buying, HODLing, and DRSing... + +I have an Ortex subscription and I monitor the borrows, returns, and rates. I've been watching GME's ticker since January. I've studied GME's volume extensively over the last decade. This is an idiosyncratic stock and other DD's have uncovered a lot of the mysteries that explain its uniqueness. There's been a bit of data that's always made me wrinkle my brow and I believe that with the development of the friction associated with DRS transfers and the eye-opening DD that's been written all the way I finally have an explanation. One of GME's idiosyncratic attributes is its irregularly low borrow rate, but unexplainable (for me at least) is why I occasionally see the borrow rate as a negative. **THEY ARE LITERALLY PAYING PEOPLE TO BORROW THE STOCK.** + +**Who's** is paying someone to borrow the stock? Your broker. Why? Their leverage ratio puts them at vulnerable risk levels. + +First, let's talk about leverage just to build the foundation of what I'm about to accuse your broker of. **Leverage** in the most basic terms leverage is a ratio or a fraction. The numerator (top number) is **Debt** or **Liabilities**, and the denominator (bottom number) is **Assets**. For example, if you bought a home with conventional financing in the US your leverage ratio, with regard to the property, would likely be 5. Let me explain, conventional financing typically requires a 20% down payment, so if you buy a house that's worth $1,000,000 (I was going to use $100K, but you Apes need to get used to the larger numbers) the bank will require that you have $200,000 as a down payment. So the ratio is $1,000,000:$200,000 or $1,000,000/$200,000. Now we simplify, and we have a 5:1 or 5 leverage ratio. I don't know where to put that number for your broker, but I would put most brokers (looking at you E-Trade, TD Ameritrade, Robinhood) at risk thresholds. + +https://preview.redd.it/w5xx68fdavr71.png?width=1024&format=png&auto=webp&s=8bb65fd7dbf482779657eb26819e7546b2c1431e + +**HOW?** I think that through either internalizing your order, meaning they took your money and wrote down an imaginary position in your account and planned on paying you back with your own money when you "predictably" sell for a loss because that's what "dumb money" does or possibly because there was NO LIQUIDITY and NO SHARES FOR SALE but they weren't going to miss out on taking your money and predictably buying this stock when it was MUCH lower, pocketing the difference. OR, your broker did transact a trade for you but that trade failed, they got a refunded, and they never took the necessary steps to ensure delivery of something you paid for, once again, because they know that "dumb money" sells meme stocks for a loss. Here's an example: + +&#x200B; + +https://preview.redd.it/f58iafhtavr71.png?width=577&format=png&auto=webp&s=29dbd6f807c0ee58a90970a234f53011fd3672a6 + +Jim bought 100 shares of GME for $30 on January 13th. The broker either internalized or failed to ensure delivery of your stock and pocketed the money. On January 28th Jim's broker's leverage ratio, when GME hit $450, was 450:30 x 100. In other words, they were leveraged 15:1 or their leverage ratio was and they now owed Jim $42K worth of GME. See how that could be problematic if you did that with millions of orders? I accuse the entire Financial System of collusion from the Fed to the Hedge Funds, to the Market Makers, to your very own Broker. + +Back to the negative interest rate on borrows, if they need to decrease their margin risk or leverage ratio why are they are incentivizing borrows with the few assets they actually hold? The big reason is that it helps keep up the **charade** and appearance that they aren't in existential crisis by providing liquidity to the market. The second is that it creates **downward pressure** on the price, alleviating the numerator (Debt/Liability) in this ratio. Third, Apes deposit money and **buy the dip**, coincidentally THIS TIME they transact and procure the asset, thereby increasing the denominator (Asset), which strengthens their leverage ratio and provides one more share that they can pay people to borrow to drive the price down. I think in many regards, they are playing Market Maker and hedging into GME by internalizing the comparatively few shares their customers do sell and transacting every buy. This incrementally strengthens their ratio, but during **periods of increased margin risk** (around future's settlement) they HAD TO BUY-IN, coincidentally margin risk is typically greatest during futures settlement dates. + +**Slowly they were getting a handle on their Risk Level Margin, but then the apes started transferring.** + +https://preview.redd.it/zkx4xmb5ovr71.png?width=1161&format=png&auto=webp&s=4cd68c557ef4e09d67b59e757ec0898d2df4bd4d + +**FOUNDATION** + +Watch Thomas Peterffy's interview again. In fact, watch it twice. + +[https://www.youtube.com/watch?v=Yq4jdShG\_PU](https://www.youtube.com/watch?v=Yq4jdShG_PU) + +With that volume, everyone in the industry knew that the vast majority of shares would Fail-To-Deliver. There's was effectively 0 liquidity, and without intervention, the stock would have gone to the moon and an entire financial system would have gone up in smoke. + +It's important to take note that Fidelity sold 9,276,087 shares of GME between 12/31/20 and 1/29/21. + +You're going to hate me for not citing this (if you know where it is, let me know), but in one of the Class Action court documents I saw an email or chat where Citadel said they wouldn't be paying for Buy Order Flow, only Sales Order Flow. Meaning, they weren't willing to buy shares on their tab and be responsible for the inevitable failed delivery to Robinhood on GME, exposing them to even more risk, because of its potential to rise exponentially. Robinhood couldn't take on the risk by itself, as it had already taken on excessive risk. + +So, nearly every broker who didn't shut down the buy button was essentially short selling you a security that they had no expectation of delivery on, and could only HOPE (and cheat) that the price would go down enough to manage this disaster. **Why?** Because they'd already done it, not excessively at first, just a little extra profit-taking. Then it became a loss, so they figured they'd do it a little more, dilute the price a bit, these suckers will sell. They did that until they found themselves looking at their potential demise. Remember RC's "Don't do drugs, drugs are bads" Maybe a reference? + +[https://twitter.com/ryancohen/status/1425606429574979584?s=20](https://twitter.com/ryancohen/status/1425606429574979584?s=20) + +&#x200B; + +https://preview.redd.it/103dzoucgvr71.png?width=735&format=png&auto=webp&s=082e4e8f7faee91fc8de12428e6c7e61e38c7c18 + +**MIGRATION** + +It's also important to note the First Great Migration of The Apes was the exodus from Robinhood. Gauging sentiment, it seems that Fidelity won over the vast majority of that population. Fortunately, for The Apes, Fidelity had apparently sold their own stash of during that period GME was not available to buy or nearly guaranteed to fail delivery. As a result, Fidelity was able to maintain a conservative leverage ratio and a grip of cash on hand. They saw an opportunity to put a competitor on the ropes, and engaged in violent corporate warfare. Instead of simply holding a place on their ledger for the securities that Robinhood was transacting a Non-ACAT transfer for (allows 4 to 6 weeks for delivery, seen as an **Accounts Payable** or **Undelivered Assets** by the sending firm and an **Accounts Receivable** by the receiving firm), it appears that the receiving firm has the option to "Buy-In" the position and send the contra firm the bill. When The Apes began transferring in February Fidelity did just that being a major player that had limited risk by selling their own shares over short selling, as a result they also had a windfall of cash from the very same move. + +Now, couple that with the Danger Level Leverage, Brokerages had taken on during this "Black Swan" event, Fidelity's Buy-In was the catalyst for the February 24th run. It became a feeding frenzy between brokerages just to maintain just the BARE MINIMUM Leverage requirements. If you read the Robinhood IPO, you find out that in February Robinhood had a seemingly rushed $5B issuance of convertible notes and warrants with bargain rates and conditions. I believe Fidelity sent Robinhood a bill for $5B after proactively Buying-In a large portion of Robinhood's obligation to deliver. + +&#x200B; + +https://preview.redd.it/q751836igvr71.png?width=1252&format=png&auto=webp&s=f979585c60408cf6daf9255df81363eba6e541a8 + +**REGISTRATION** + +The second example is The Ape's mass exodus from their broker to Computershare. What happened to Robinhood is now happening industry wide. They are using cash or credit that is extremely thin to fulfill their obligation by buying shares and realizing a huge loss, and while that decreases the ratio incrementally they are then are required to immediately remove that share, an asset, from the entire equation. This is why they are dragging this out as long as possible, they are on the brink of bankruptcy and liquidation. This puts them at high-risk margin levels and what's compounding the problem is that Apes suspicious of those time frames transferred to Fidelity to DRS because once again, Fidelity has once again found itself in a position to deal bone-rattling blows to their competition by BUYING IN the undelivered position, and sending the contra firm the bill. + +In summary, every share DRSed likely requires a corresponding buy. Some brokers will likely become insolvent and be liquidated, the system may actually be trying to consolidate those liabilities with a few bag holders, it's what I would do. Most likely are TD Ameritrade, and E-trade. Both are acquisitions by Schwab and Morgan Stanley, but the most valuable part of broker acquisitions are the Client Accounts, they often don't need the brokerage's infrastructure or employees as the model is very scalable. + +&#x200B; + +https://preview.redd.it/cdkk7kk6uwr71.png?width=2290&format=png&auto=webp&s=68862a9f88ef7e00c0676a25fc6c3fe16521b47a + +**REVELATIONS** + +For those of you who don't follow Ryan Cohen's tweets. The numbers 7 4 1 are a repeating theme, whether that's the time stamp or posts per month in chronological order. + +**741** [https://www.law.cornell.edu/uscode/text/11/741](https://www.law.cornell.edu/uscode/text/11/741) + +Google 741. Top of the page, there it is. US Code that pertains to **Broker-Dealer Liquidation and Bankruptcy.** + +I took this potential 741 seriously and diversified my holdings among five brokers. Transfers were a real eye-opener as I saw transferred cost basis and a mix of ACAT vs Non-ACAT transfers within the same transfer request. For each DRS transfer request TD Ameritrade took EXACTLY 10 business days to submit the transfer BOTH times and I was an early adopter. E-Trade has followed suit. I've transferred from the very same account at TD twice to Fidelity and completed two DRS transfers before TD or E-Trade fulfilled their obligation. I'm pulling everything I have as fast as I can from these two brokers. +Justin Sun seems to be clearing house and is dumping an insane amount of ETH on Binance. + +[Over 165,000 ETH dumped](https://preview.redd.it/2y3beemznl881.jpg?width=1314&format=pjpg&auto=webp&s=f154e1c923bcd2bf4c4ce96be2a01b14779e8116) + +Even after selling so much, his public wallet still holds around $ 3.3 bn in funds. + +[https://debank.com/profile/0x3ddfa8ec3052539b6c9549f12cea2c295cff5296](https://debank.com/profile/0x3ddfa8ec3052539b6c9549f12cea2c295cff5296) + +In the past several years, he created cult like shitcoins like Tron, BTT etc and kept huge amounts of the supply, pumped and dumped these things on his followers and accumulated a ton of ETH. + +He promised the world for these shitcoins, while at the same time he was dumping them on his own followers lol +As the cryptocurrency market cap hovers above the $2 trillion mark, bitcoin - the world's largest and most popular cryptocurrency may touch the $100,000-mark by the end of this year with its current bull run. +>China’s most widely-followed stock benchmark tumbled into a bear market after a selloff in some of the nation’s biggest technology firms. +> +>The MSCI China Index slid 3% Thursday, extending losses from its mid February high to more than 20%. This is the second time the gauge has fallen into a bear market in a little over a year. Last March, major equity benchmarks slumped following the spread of the Covid-19 pandemic. +> +>“I wouldn’t be at all surprised if we were to see an ongoing 10% correction in the MSCI China over the next quarter or so,” John Woods, Asia Pacific chief investment officer at Credit Suisse Group AG, [told](https://www.bloomberg.com/news/videos/2021-05-12/likely-correction-in-equities-over-summer-credit-suisse-s-woods-video) Bloomberg TV on May 12, citing increased regulatory intervention as a top concern. “This is weighing on the extremely important tech sector.” + +[MSCI China Enters Bear Market After Tech Selloff; Alibaba Slumps - Bloomberg](https://www.bloomberg.com/news/articles/2021-05-13/msci-china-enters-bear-market-after-tech-selloff) + +*technical, apologies for the spelling mistake. +https://www.citizensadvice.org.uk/debt-and-money/help-with-debt/dealing-with-your-debts/work-out-which-debts-to-deal-with-first/ + +>This is a priority debt because you could be fined by the magistrate’s court if you watch TV without a licence. + +But from my understanding, although you can be fined by a court for watching TV without a licence, they can't really prove that you have done it. The TV licence collectors would have to enter your house to gather evidence, but they can't get into your house unless you let them in. Technically they can obtain a court warrant to enter your house but they need to convince the court that they have reasonable suspicion, and trying to obtain a warrant is way too much effort for them anyway. Overall no one should be worried about being fined for not paying TV licence. + +If my understanding is correct, then the information from Citizens Advice is quite misleading and can create more troubles for those in debt since they should've used the money to deal other more important debt first, rather than some stupid TV licence +I’ve got some extra cash in the bank and I want to take the opportunity when the economy goes bust and buy some real estate. I’m afraid of inflation as everyone is printing money like crazy and the stocks are ridiculously high. + +Should I stay in cash? Buy gold? What are the mortgages be like once shit hits the fan? +Hello, + +I am a Portuguese, living in Portugal and I am looking to buy some electronics from a German well-known seller as a company. + +Buying in Portugal as a company, we do pay the product price + VAT, and later the spent VAT amount is given back to the company. + +When reaching out to this shop they told me "for you as a business you can enter the VAT-ID in the shop and the german tax is deducted, so you can order tax free". This kinda confused me. Shouldn't I pay the VAT amount at all when buying in German? + +Thanks +Hello, +I am a Greek citizen looking for advice and recommendations. +I recently invested, via Degiro, 1,5k euros in the Greek Bank, by buying shares of the 4 major banks. As you may know, there is new government in Greece which is Conservative-Liberal and the prime minister's goal is to attract investments. So far I am seeing a slight increase (15%) in my stocks in a 2 week period. + +Would you recommend keep investing in Greece with a medium to high risk or preferably move to some etfs for long term profit. + +I am planning to invest ~1,5k/ year with a long term goal. +Do the hedge funds absolutely HAVE to buy stock back by a certain date or can they just keeping paying interest for years until stock price drops back? I am confused about how long the hedge funds have to close a short position. +So the Popcorn stock was manipulated by 8 quadrillion (yes I am sure you have seen that, if not, seriosuly 8 fuking quadrillion) tokenized shares on FTX back by literally no real popcorn stock, giving hedges unlimited ammo to short; why wouldn't the same be done to GME at a greater amount? + +These are shares shitadel can use to short, as their books will just claim Oh look here are shares, we are going to borrow them for cheap and use to short. These popcorn tokenized shares were found in one of the FTX leaks, could the same be seen with GME also? + +If so, wouldn't this completely explain how they can short the stock seemingly infinite times over the last 2 years? +I've never had that entrepreneurial spirit or drive. I'd rather work 40 hours for someone else rather than 80-100 for myself. I like the security of an employer. And I have no desire to hustle or build a side business in what free time I do have. I'd rather ride out my temporary sentence for 15-20 years and be done. + +I feel like there's a lot of survivorship bias in the FIRE community when it comes to building businesses, running blogs and starting side hustles. Maybe I'm just an introvert and that it isn't for me. Anyone else just want to autopilot at their day job? +There probably will not be a fake squeeze like people are mentioning, remember if it does there's a good chance a lot of the hedgefunds get margin called are forced to cover causing a chain reaction of covering that leads to the actual squeeze, they aren't going to act against their own self interest that much, plus people keep mentioning and hyping next week please stop, we do not set dates. also the guy who suggested that the Melvin losing 50% news was pushed here and upvoted to the top by bots to somehow trick us stating that the everything short and rensoles news had less upvotes than it was wrong aswell, a lot of people won't take the time to read something the length of rensoles news and the everything short and a lot won't even understand it, the image was short and too the point and a sentence long people are way more likely to upvote it. People are starting to act like good news like Melvin losing 50% is somehow bad and trickery and that's exactly what the shills want, to even make you doubt good news, if you can find proof to the contrary then please post it but let's not jump to conclusions. +As the title says, I've noticed that when using IB's reqHistoricalData with keepUpToDate set to True, at least for 5 second bars, occasionally the count and or volume fields are -1. + +Does anyone know why this is? +Most posts I typically read are about being a SWE from the Bay Area. With stories usually being about making $250-$800k at FAANG, then joining a startup for a higher role and possible large IPO payout from options, then back to FAANG in a director role for $1-$3M salary. And because of the high salary and time commitment to their careers, usually I see they just buy Index Funds (makes total sense). + +However, I was wondering if there is anybody in this sub who has FatFire from a Finance career, and has done so not just with a high salary, but with superior returns from their investment allocation (like 22% vs 10% over 10 years) ? Or, has a finance background but owns their own business that needs minimal reinvestment costs to operate and they take those earnings and invest in stocks and have beaten the market by a decent margin over 5-10 years? + +Also, I don’t expect Tom Cruise or Lebron James to be in this sub, but is there anybody that played professional sports for a few years or made money as a producer/screen writer/ TV actor in here? I am curious to know how you invested a large sum of money you made over a short period of time, and how you make additional income (coaching, analyst, speaking engagements, residual checks, appearance fees, etc) + +Thanks! + +TLDR; Anybody make money outside SWE, specifically through Finance or entertainment? +I sold 10 TQQQ puts on 5/10, that expire on Friday 5/14 (yesterday) with the strike of 96. Instead of buying to close 10 contracts for a profit, I sold to open 10 more contracts on Friday, around 15 minutes before closing. So now I have sold 20 TQQQ put contracts instead of the 0 contracts I wanted. TQQQ closed at 95.97. Checking just now, I see that I have been assigned to only 5 contracts, and the other 15 has been expired. Any reasons why the put holder would let a ITM put expire?? +Hoping to start a thread to get a feel for what is normal in these high inflation times. Apologies if this has already been discussed in other threads. + +I’m not talking about promotions, just if you’re staying in your current role and your employer is giving out a % increase for the new financial year. + +I’ll start. My company is increasing everyone’s salaries by 3.8% + the compulsory additional 0.5% super. There was no increase at the start of the calendar year; wage reviews operate on a fiscal year cycle. +Match Group, the company behind the wildly popular dating app, is going public — and a new SEC filing has provided more details on the forthcoming IPO. +Match intends to offer 33,333,333 shares of common stock, with an initial public offering price of between $12 and $14 per share. As such, the company stands to raise between $400 million and $470 million. +http://www.businessinsider.com/match-group-company-behind-tinder-files-new-ipo-documents-2015-11 +As a salaried manager, I'm expected to work five nine-hour shifts each week. Because many of us make under that threshold for non-exempt workers and will now be getting time and a half for overtime, our rates were reconfigured (dropped 10% or so) so that, with 2.5 hours of overtime a week, our weekly paycheck remains the same. Do I just have to accept this as a dirty trick by my company? +Edit: this is USA, Pennsylvania +So I put together a quick screener to get some new ideas on safe reliable dividend paying companies. Out of nearly 4,000+ stocks (both dividend and non dividend stocks) the criteria I used in the screener narrowed it down to around 100 or so dividend paying stocks. I do this every now and then for new ideas and if there are any on the list that spark my eye or that I want to look further into. + +This by no means to simply go buy any stock off this list. The list should be used to merely ideas on a stock that you may want to take some more time on looking at. + +Here is the list of criteria I used for this screener: + +1. Current Ratio: must be more than 1 + +2. Payout Ratio: must be less than 70% + +3. Dividend Yield: did this to make sure only dividend stocks showed up on the list + +4. P/E Ratio: must be under 30 + +5. Div 3-Year Avg Growth: greater than 1% + +6. Net Margin: must be greater than 10% + +7. P/FCF: must be greater than 0 + +8. Fair value: like to compare this to its current price + + +Edit: I will try to attach the pics to the next post. New to Reddit and glad I found this subreddit! Best of luck to everyone on the dividend growing grind! +Now I have a non-fault accident on my record. It was completely her fault. She didn't contest and even admitted fault. Her insurance paid for my car to be fixed but now I'm stuck with ridiculous insurance premiums. My insurer was esure. What can I do? Is this normal? +Is it a bad idea to buy right now?? I am looking at a single family home and I want to be a home owner. In my area (Minneapolis and metro) homes all over are seeling for 25-45k over asking price. It's hard to tell thought since IMO, the list price is lower than it should be so it attracts multiple buyers in order to get high bids, sort of like a silent auction. Houses are listed Friday with offers due early Sunday and get 15-30 bids. They know people are willing to spend up to 50k over. So.... I think if I am able to get a house for \~15k (or less) over asking, you are in decent shape. Anything over that, doesn't seem worth it. It's just crazy and stressful. Not fun being a first time home buyer. I am 0-4 on bids with 3 being 10k over asking and the most recent one 17k over. + +For the sake of the post, I am in good financial standing to be a homeowner so lets leave that part out. Let's assume there are no financial issues and that I am absolutely staying under my budget (which makes it tougher to find a house and bid since I typically have to look at cheaper houses and bid more to even have a chance). + +Thanks! +Interest rates going up quickly and it feels like they’re not going to stop any time soon. But the reason for interest rates going up is to tackle inflation which is caused by too much spending on discretionary purchases. So it makes me think that although there are many news reports saying plenty of people are under mortgage stress, the increasing inflation suggests that we just don’t care. Is it because we are all getting second jobs? Is it because we all saved up a large amount of savings over the COVID lockdowns? is it because our habits of spending is too hard to remove? + +So I was wondering, which mortgage stress zone are you in? And how are you feeling about the whole rise in interest rates? + +Stress free zone: <20% pre-tax income goes to mortgage repayments. +Stress danger zone: 20-30% pre-tax income goes to mortgage repayments. +Mortgage stress zone: 30%+ pre-tax income goes to mortgage repayments. +I strongly believe this is the top priority in the industry right now. The more we talk about it, the more attention it will get. + +*Crypto needs to decouple from Bitcoin price influence.* + +This can’t continue. This is like Apple stock taking down the entire stock market when it has a bad month. + +It’s unnecessary. It’s destructive. And the entire industry is at the mercy of a handful of Bitcoin Devs who may or may not give a shit about keeping Bitcoin competitive, and usable. +$TENDIE the core utility token of the TendieSwap ecosystem currently has a $20mm MCAP in 3 weeks and a deep tight knit community of long term HODLers (5000+ wallets). It has already started it’s journey to becoming a future DeFi powerhouse. Don’t miss out the largest DeFi ecosystem coming to Polygon. + +🚨www.tendieswap.org🚨 + +Get your chicken tendies ! + +The $TENDIE ecosystem coming soon on POLYGON And BSC is divided into 6 unique worlds : + +🔥TENDIEDEX : This revolutionary Cross-chain aggregator DEX with limit orders, stop-loss functions and more combining the best of DeFi and traditional financial markets to bring an all encompassing DEX. + +🔥TENDIEBETS : The future of decentralised betting, by the people for the people. The first ever truly decentralised Peer 2 Peer betting and Prediction market on BNB, DOGE, BTC & ETH. P2P betting on binary & ternary sports, financial and other popular events. Beta version is already live and we have strong proof of concept with Mayweather vs Logan Paul fight with a large betting pool. + +🔥TENDIEFARMS: Redistribution of Fees generated by the protocol to $TENDIE holders through our non-native Farms. Stake or Farm $TENDIE to receive BNB & MATIC + +🔥TENDIEDAO : The DAO will grant $TENDIE holders the ability to vote, via staking their $TENDIE tokens, to drive decision making for the TendieSwap Protocol. + +🔥Decentralised Asset Management (TENDIEDAM) : A new revolutionary DAO run project that will include the community along with the $TENDIE board of advisors, to build a community run hedge fund. + +🔥Initial Tendie Offerings : New projects that want to launch, can approach us to use our platform for their launch. $TENDIE holders will earn the resulting fees and also have early access to the pre-sales. + +🚀ROADMAP: + +https://www.tendieswap.org/#/roadmap + +Already live with Beta on BSC and Launch on Polygon in next 2 weeks !! + + +🚀Team Bios: + +https://tendieswap.medium.com/tendieswap-team-628621ff8af8 + + + +Socials: +🐣Twitter: https://twitter.com/tendie_swap +🐔Telegram : https://t.me/tendieswap +🐔 Medium: https://tendieswap.medium.com/ + + +GET YOUR CHICKEN TENDIES!! + + +$TENDIE TOKEN ADDRESS : 0x9853A30C69474BeD37595F9B149ad634b5c323d9 + + + +Disclaimer: $TENDIE is a high risk coin. Invest with care and always do your own research. +What stocks or ETFs do you think will be the bright spots of '21? What are you picking up (or adding to) this first week? + +Would love to hear some picks and reasonings! +On Friday we had an offer accepted for our first home. The house has been recently refurbished to a good standard and has a C energy rating. Can long term house owners give me any advice on what I should be spending the little money I have left on to save money in the long run? Thank you! +FOR HOPEFULLY THE LAST TIME: Some idiot on CNBC is not going to ALERT you to anything of value. EVER. + +This is not financial advice, I still sleep with my Teddy Bear, Mr. Pickles. + +One of these days you're going to be minding your own business, eating some government cheese and out of nowhere, someone will text you: "Did you see that? Wth, is this real?" You'll look at your phone and GME will be at prices that don't seem possible. + +And here's one thing I can guarantee...Every single one of us will wish we'd have bought more when it was 30 freakin dollars. + +Buy what you can afford, DRS, and enjoy the lilies of the field. +A lot of personal finance advice is straightforward applications of math: Keep expenses less than income. Pay off highest interest rate debts first. Compound growth is your friend. + +Then there are obvious legal requirements and benefits: Use tax-preferred retirement / HSA accounts. Keep insurance in force. Know how self-employment taxes work. + +This post is about less-obvious but still interesting-to-redditors ways to use loopholes / benefits in existing US laws to your advantage. There's an endless number of these, but some come into play frequently enough that it makes sense to raise awareness about them. [Edit: our friends in other countries, especially the UK and Canada, are welcome to lobby for local versions in their associated personal finance subs, see links in the sidebar. I don't know those laws...] + +Here are some that you may not already know about: + +Tax planning: + +- If you earn less than 30K single / 60k jointly, you can use the [Saver's Credit](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit) to get a tax credit for a portion of your IRA or 401k contributions, even for Roth contributions. [Edit: full-time students are not eligible.] + +- You pay [no taxes at all on long-term capital gains](http://www.bankrate.com/finance/taxes/no-capital-gains-due-for-some-investors-1.aspx) if your taxable income (including those gains) is less than the top of the 15% tax bracket. That could be $95,000 gross income for a married couple filing jointly. This is better than a Roth in that you can do this at any age. + +- Sales of a personal residence often have [no capital gains tax](http://www.bankrate.com/finance/taxes/capital-gains-and-your-home-sale-1.aspx) as well. Various rules apply. + +- If you rent a room in your house, part of all of your housing expenses (including insurance and utilities) [can be ~~itemized~~ Schedule E expense deductions against your rental income](http://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.html) (but you need to declare the rental income). + +- Take advantage of "[adjustments](http://www.bankrate.com/finance/taxes/cut-your-taxes-without-itemizing-1.aspx)" like student loan interest, tuition, moving costs, etc., that don't require itemization if you are eligible. + +Retirement: + +- Employer contributions to your 401k [don't count](http://www.bankrate.com/finance/retirement/employer-match-counts-toward-401k-limit.aspx) against the 18k limit. + +- If you change you mind about making an IRA contribution, e.g. your income becomes too high for it to be allowable, you can simply [remove the money](https://investor.vanguard.com/ira/excess-contribution) before the tax filing deadline without penalty. + +- For redditors with more "life experience", you can [increase your contributions] (https://www.trustetc.com/resources/investor-awareness/contribution-limits) to a 401k and IRA at age 50, and your HSA contributions at age 55. + +- Self-employed people have [lots of options](https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people) for retirement accounts. This can apply even if you have employment retirement savings. + +- [Edit: Think you make too much to contribute to Roth IRA? Think again! The [ever-popular Backdoor Roth IRA](https://www.nerdwallet.com/blog/investing/backdoor-roth-ira-high-income-how-to-guide/) may work for you. [But no, I am not adding the Mega-Backdoor Roth. There are some places even I won't go.]] + +Health insurance: + +- If you change jobs and don't have insurance coverage for a time, you have 60 days to elect continuing (COBRA) coverage. [This works retroactively](http://www.mymoneyblog.com/cobra-and-retroactive-health-insurance-coverage.html); you can decide to take COBRA at day 59 and be covered for the previous 59 days. [Edit: yes, we get that COBRA is expensive. But it's free if you wait to elect it and don't need it, but you're still covered because you can elect it retroactively. Any other health insurance you'd have to pay for but probably still not use.] + +- You won't pay a penalty for lack of health insurance if you have a single [brief coverage gap](http://obamacarefacts.com/obamacare-coverage-gap-exemption/), which is defined as "less than three months." I.e. May 1 to July 28 is OK. May 1 to July 31 is not. + + +Sorry not sure if this is allowed. I’m new to thetastrats. I’ve done research on calls/puts/the wheel and some spreads. In writing all of the info down in a power point and just wanted to get started on trading like y’all. I recently just got a full time job and was looking to put 1k in. I know it’s not much and I know you guys don’t like to put 100% of your portfolio in a trade. Was wondering what is y’all’s favorite stock to run the wheel on? I’m not looking to be greedy, just not sure where to start looking? I have tatyworks and was planning on looking at it on my next day off. Thanks +Im looking for new investments. +Looking for something that is preferebly not low volume, so something like $50k+ daily volume, and hasnt fallen more than 50% since november. I'm currently getting a good passive income from $HORDE, and looking to invest this money in good projects, shill me something +Obviously, this is a personal question that varies a lot by situation / preference, but I’m wondering generally how much the FatFIRE crowd decided was an appropriate amount to spend on a wedding. + +For context, I’m late 20s / in NYC / in finance and am on the way to FatFIRE. I’m the first in my close friend group to have proposed, so I don’t have a lot of data points. That said, a few people in somewhat similar circles that have spent in the lower six figures, which is a bit of an unnerving amount to think about. I know that’s not a “normal” amount but am trying to get a feel for what is — any datapoints would be greatly appreciated. +What are your thoughts on investing in REITs on margin (to replicate the leverage of buying a property) vs just owning a property? Obviously there’s tax savings involved in just owning a home but if I didn’t want to deal with property management the returns from the REIT seem attractive. + +Using 3% as a margin rate (Interactive Brokers) and 12% div yield from NYMT. +Did a google search of this scumbag just to be clear, Kenneth Griffin, CEO of hedgefund Citadel, who is illegally naked shorting GameStop and many other companies, and who should be imprisoned under the RICO Act, and I found very little beyond wiki. + +How, after us discussing him for over a year now, is nothing of our DD on him anywhere near the first few pages of google search? This fucking coward paying to scrub google? How can I personally fix this? +Are there any small businesses that would be a better investment option long-term than index funds? I don't need the liquidity, but index funds always just seemed so simple WRT time management and taxes. If I were to buy a small business (or businesses) or invest in some real estate, I would definitely hire a manager or property manager. I'm looking for alternative ways to generate a passive income. I can invest up to $1MM. +I passed some time surfing and reading through this subreddit and I see many people recommends VGRO for long term investments. I'm a rather old newbie, at 34. + +I was wondering if I put my extra money every paycheck only in VGRO, until my retirement, is it a bad plan? Or should I split it in several (maybe VEQT as well?) + +I will probably try to buy a few individual stocks as well, because, I want to have a little bit of 'fun' too, but it would be a very small amount compared to the rest as I'm not enough confident and savvyy. +&#x200B; + +[This chart was meant to show the Bitcoin price...](https://preview.redd.it/zwbizaplv2t81.png?width=1070&format=png&auto=webp&s=697ca25312b10fd082ecf33146bbc4809b4f6f3c) + +This is the chart that should show the Bitcoin price. But if you look there on the X-axis you see how they suddenly switched from years to months. This is just pain in my eyes as a fellow with mathematic advanced course in college. + +Not only did they completly show a wrong chart but also the year number is wrong with "2121". Can someone really fuck up a chart like this and not recheck it? Seems like they intentionally showed it this way to make the viewers feel as if there is no potential growth left in Crypto. Thats just straight up a LIE. + +The mainstream media is truely making a complete fool out of themselves. How is someone supposed to trust them for any news, let alone Crypto? +Normally, Kenny would just kick the can down the road, but he didn't. He can't. DCT 005 stopped him. He now has 43 million uncollateralized short positions (just from Friday alone) that will pop-up on his books come Monday. Remember that NSCC 002 created Auto-Marge, so unless the drop to $165 was enough to bring his debt/equity ratio down far enough for Marge, Monday is going to suck... for him or us, I don't know. + +I still haven't been able to find anyone who knows for sure. Lots of speculation and guesses. Will he dig himself deeper and short the shit out of GME on Monday, or will Auto-Marge come in like the terminator and give him one hour to live. + +Thank god the weekend is over. +I've always written off ESG (sustainability-biased) ETFs, since they're essentially guaranteed to see worse performance than non-ESG ETFs (purely due to adding uncompensated idiosyncratic risk), and have never really paid them any mind. + +But I was recently looking into them for my girlfriend, who was otherwise going to invest in a much worse ESG (with *insane* turnover) as she really liked the concept and didn't care as much about maximizing growth. + +After some research, I stumbled across Vanguard's offerings: + +* ESGV - US total market / corresponds to VTI +* VSGX - ex-US total market / corresponds to VXUS +* VCEB - US corporate bonds / corresponds to VTC + +They were interesting because when I glanced at performance they appeared to closely track their non-ESG counterparts: + +[**Images of Performance Compared to Benchmarks**](https://imgur.com/a/rSFmLa4) + +So next I guessed "well I bet their expense ratios are like 0.25% or more..." but nope: + +* ESGV - 0.09% +* VSGX - 0.12% +* VCEB - 0.12% + +The 0.12%s are a little on the high end but really not that crazy to me. + +Then I looked at fund overlap: + +* ESGV / VTI - 38% overlap (virtually all ESGV stocks in VTI, as expected) +* VSGX / VXUS - 73% overlap (virtually all VSGX in VXUS) +* I wasn't able to do an overlap check on VCEB, its structure makes it very difficult with the tools I was using, hard to say with this one + +Moderately high overlap, very well diversified, favoring a passive approach. + +Personally I'm considering putting a portion of my VT / VXUS holdings into their ESG counterparts. Maybe 30 - 50%. + +Yes there isn't a lot of historical data, but all of these ETFs are highly diversified and are clearly competing to reach a similar risk-to-reward exposure. + +Maybe I'll lose 1-2% in the long run off a chunk of my portfolio, but I don't think it will affect my lifestyle in retirement in a meaningful way, and I like the idea of making the world a better place by literally choosing what gets funded, while still capturing most of the value of the market. + +Wonder if others have looked into these or other types of ESGs and thoughts on how well they should be expected to track their benchmarks. (I could see a lack of nuclear potentially being a loss for example). + +**EDIT:** To clarify, 1-2% will be significant when compounded. To understand, this, if you add $30K / year to investments over 40 years, you will get: + +* 6% interest (hypothetical 2% lower ESG performance) - $5M +* 7% interest (hypothetical 1% lower ESG performance) - $6.6M +* 8% interest (hypothetical total market performance) - $8.8M + +So in one sense taking a 2% haircut translates to a 43% loss in the long run, but if I only apply this for 40% of the portfolio those numbers shift to: + +* 6% interest - $7.3M +* 7% interest - $7.9M +* 8% interest - $8.8M + +For some, that spread will still be too wide, but for many like me, a cut like that is pretty acceptable. Use your own judgement, but it doesn't seem *that* crazy to me. + + +I have an investment property in NJ listed for sale at 1.5M that’s completely paid off. I’m torn with what to do with the proceeds. I originally wanted to do a 1031 Exchange (to defer capital gains tax) for another investment property/ties where I am now located in FL and have it professionally managed so that I can hopefully increase cash flow. However, good deals are hard to find in FL now so rather than invest in RE, I am now considering paying the capital gains tax and investing in income producing ETFs because it seems more “passive” and that’s what I’m going for. + +I’m 46, healthy, single, and no kids. I have no loans or mortgage. CCs are fully paid each month. I have 2 additional SFHs (fully paid) that are rented and professionally managed here in FL. I formed and LLC partnership with my brother and we would split the income from these investments. My goal is to FIRE/LeanFIRE since I have no dependents and don’t plan on having any. I’d like to maximize my returns from the proceeds of this sale and do it with the least amount of headache. So far, having professionally managed rental properties has produced somewhat decent returns, but I still have to manage the property managers and lately they have been slipping up, so I’m considering changing asset classes and moving to ETFs that pay dividends. Choosing what ETFs will be another post for another day, I just wanted to hear opinions of what direction to take. + +I’m posting this on r/realestateinvesting and r/ETFs +The only bear ETF that I've traded is SARK, the Tuttle Capital Short Innovation ETF, the inverse fund to Cathie Woods' ARK Innovation ETF (ARKK). + +[https://www.etf.com/sections/features-and-news/building-etf-giant-betting-against-ark?nopaging=1](https://www.etf.com/sections/features-and-news/building-etf-giant-betting-against-ark?nopaging=1) + +What I've learned is that this fund is very volatile. I have a core position purchased at a much lower price. I hedge this core position by writing a call, currently the Sept. 65 trading above $10. I wrote this position in early March at a much lower price, and I don't intend to roll over the call until the premium is much lower and I'm willing to see the call exercised if I can't write a qualified option for the same or lower price at the time I decide to roll over the option position. + +I also having a trading position, where I sell shares and buying them back at a lower price. Currently this trading position is very small, as I've sold many shares, most recently above $65. I will begin to add back to the trading position if SARK falls below $60, continuously replacing shares that I sold at a higher price. + +Obviously, buying SARK below $65 and writing a September $65 call for over $10 is very tempting. My logic is that the market for ARKK investments could plummet during September and October as mutual funds take capital losses. If SARK falls (as ARKK rises), I could roll the SARK call both out to a later date (Dec. calls are offered) and to a lower strike price if I desired. + +Any thoughts on this ETF and this strategy? +I am in my early '40s and looking for a growth ETF portfolio for say next 15 years. I came up with a portfolio for m1 finance which I am planning to use for my early retirement if it grows substantially. + +FYI I already have a separate portfolio that consists of VOO, VTI, and VXUS. I have not included the ARKF here as I am already buying ARKF separately on a recurring basis. + +I thought of including ESPO and EDUT but not sure what will be the return in the next 10 years. + +\*\*This is a ROTH IRA through Backdoor ROTH Conversion. I can not directly contribute to ROTH IRA due to the income limit. + +QQQM 25% (Instead of QQQ due to expense ratio) + +MGK or VGT 25% + +SCHG 21% (I chose SCHG over VUG) + +ARKK 5% + +ICLN 5% + +VOT 5% + +VBK 5% + +~~ARKQ~~ BOTZ/ROBO 3% (BOTZ has less expense ratio) + +ARKG 3% + +~~ARKW~~ XBI 3% +Avantis has just released an ETF of ETFs; it's an interesting concept that I'd like to harvest some opinions on. Has this ever been done before? As most of you know many of the following ETFs have an E/R of .35 while holding the ETF directly which, in theory, provides a 28.6% discount. Is that enough to surrender manual portfolio balancing? Is this something you would consider holding if you were a brand new investor about to build their first portfolio? How does the community feel about AVGE as a one and done portfolio? Please share your thoughts and observations. Relevant information follows. + +Ticker: AVGE + +Expense ratio: .25 + +Objective: Seeks long-term capital appreciation. + +Intraday ticker: AVGE.IV + +Inception date: 09/27/2022 + +Benchmark: MSCI AC WORLD IMI + +CUSIP: 025072232 + +ISIN: US0250722321 + +SEDOL: BM9YZC3 + +Exchange: NYSE Arca + +Distribution frequency : Semi Annual + +Total asset: $1,370,369.17 +____________________________________________ + + + +Portfolio: + +AVUS - US equity: 44.83% + +AVLV - US large cap value: 15.17% + +AVDE - international equity: 10.04% + +AVEM - emerging markets equity: 5.90% + +AVUV - US small cap value: 5.05% + +AVIV - international large cap value: 5.04% + +AVSC - US small cap equity: 5.02% + +AVES - emerging market value: 3.94% + +AVRE - real estate ETF: 2.98% + +AVDV - international small cap value: 2.02% + +US DOLLARS - 0.01% + +State Street institutional US Government Money Market Fund: 0.01% + + +Edit: I apologize for the mediocre formatting +Is it worth moving a huge chunk of funds from a bank account over to something like VTI for 6 months? + +This may not be strictly ETF related other than thats where I'm planning on parking the money, and more of a tax question? +I'm 22 fresh outta college, been living a frugal life for a few months now and have started putting in about $300 every month (Will be $1500 every month once I pay off student loans in about an year's time). + +&#x200B; + +|Current Portfolio| +|:-| +|70% (50% VTI + 20% VXUS)| +|10% (FNGU *please advice on this*)| +|10% (BTC+ETH)| +|10% (*Don't know where to invest this 10% or should I just put it into VTI and VXUS?* )| + +&#x200B; + +I know this portfolio has a bit of risk involved but I thought I can cash in now when I'm 22 with not much to lose vs 10-15 years down the line when I can shift to a more stable approach. Any advice appreciated. +I have 100k invested mostly in vti and vxus like 70,20 and 10 in other stuff.. I have 30k coming in to invest in my ira due to changing jobs and rolling my 401k over. Would it make sense to Invest in dividend stocks like SCHD? I know vti is more diversified but schd has been doing well and gives dividends. I think I won't get taxed on dividends since its ira and only when I withdraw. I am 35 btw. I don't have any bonds either but don't see anything that appealing? I use td ameritrade. +My boss (~62) is about to retire and has lamented to my colleagues about how much he saved. (He also feels tethered to work to maintain his health insurance because he and his spouse are facing some health issues.) + +He's always been very frugal and just socked away as much as he could. I'm of a similar mindset, so I was surprised to hear that he's "saved too much." Unfortunately my colleagues aren't very financially-minded, so when I asked what he could mean by that, they say something vague about him being in a higher tax bracket or needing to take out more than he wants to annually (I assume they're referencing required minimum distributions, but I didn't think that started until age 72?). They are now all very careful not to "save too much" and warn me against my frugality and saving habits. They say that ultimately good savers get punished by the system. + +I wonder if his regret is centered around making too many sacrifices throughout his life for the sake of saving, and now facing health issues, realizing he should have enjoyed life more as a younger man. But I was also wondering if there are real financial reasons why I shouldn't try to max out my retirement accounts and just stick with saving ~20% (starting at age ~30). +Hey guys, let's try to clean up this sub a little bit. There's a ton of posts filling up the front page all about GME and AMC and other stocks that are, or are potentially going to squeeze. Let's consolidate all discussion on these names into this thread and keep the individual posts outside to a minimum. + +I'll leave the existing posts up but I think we need to all work together to make sure this sub stays orderly as we have grown over 175k subscribers in just the last two days. There are a lot of bots and spam and we're doing our best to remove them but I think consolidating all these legitimate posts about this stuff into a a daily thread will help a lot. What do you all think? I can make a new one of these each day for the next little while! + +THANKS!! +What lifestyle changes have you made in the pursuit of FIRE? Which ones were the most effective at helping you reach your goals? + +&#x200B; + +For our family, the best thing that we have done is take up biking everywhere. It is great in so many ways. Get exercise. Get fresh air and sun shine. Save money on gas. Save on wear and tear on the car. No paid parking. Never stuck in traffic. +**Note:** Before reading, consider if I'm worth my salt. Here's an overview of my performance since I started posting Stock Analysis to reddit: https://www.markovchained.com/profiles/view/reddit:F1rstxLas7. Any good investor heavily considers the underlying performance of a business before buying into them, so why shouldn't we do the same on reddit? + +There have been multiple threads posted to Reddit recently touting the potential that the Uranium industry has over the next few years. Specifically, /u/3stmotivation has done a terrific job with his(?) due diligence regarding the industry. If you had bought in to any of his recommendations back in June after reading his thread in /r/Undervalued here: [The undervalued case for uranium companies](https://www.reddit.com/r/Undervalued/comments/gz833b/the_undervalued_case_for_uranium_companies/), then you likely would've been up 27% on the large cap Cameco(CCJ), 128% on Denison(DNN), and 155% on Energy Fuels(UUUU). He is not the only one expecting Uranium to make huge gains, however, but I would like to use his work as a case study so that we can get an idea of what to expect for the industry. Just as a note, I decided to largely leave fundamentals of the companies and technical analysis out of this post. I can provide info about how I feel about them as well, but decided to put them on hold for now. + +**What is the purpose of this post?** + +Simple. When I read these posts about the Uranium industry having the potential to explode in the near future, I *rarely* came across reasons as to why it *wouldn't* skyrocket. Before buying in, I decided to dive deeper into reactive core to see what I could come up with. + +**The current situation, summed up:** + +If you haven't read through Uranium investment material, I'll sum it up now. The lack of supply does not meet the current and 10 year expected demand. Because of this, the biggest producers are buying from the spot market because it's cheaper to do that than to re-open their facilities for new production. It's predicted that when spot prices hit $50+, these companies can get back to work and make great earnings while doing so. + +I'd like to be clear here... This is not untrue. Contracts will likely be renewed over the next couple years, starting now, driving prices up. + +**Uranium voices say we'll have a repeat of sky high prices during '07 and/or '11.** + +Remember Fukushima? The Japanese Nuclear disaster in 2011 that shut down many facilities, driving Uranium supply up and prices back down? An important piece to the puzzle of investing in a company is public perception and there is no difference when it comes to commodities. For this exercise however, I frankly don't care what the public's perception is. The *reality* is that Nuclear power is safer and reduces carbon more effectively than every other way we produce power. Nuclear power is only getting **safer** because of these kinds of disasters. Regulations are incredibly strict when it comes to Nuclear power because of the implications, bringing my first point into focus... + +**Uranium *can't* be competitive.** + +Industries that are forced to comply with significant safety standards set by government regulations cannot adapt quickly to a changing economy. With that said, the companies that have survived this sector are well suited to withstand the regulations they're forced to deal with. But mooning? That's out of the equation. + +**Renewable Energy is the future/can't power the entire grid.** + +Renewable energy can't power the entire grid and it's not our only future. The reality is that our future is made up of Renewables, Nuclear, Fossil Fuels, and a healthy balance of other energy sources. Why is this the case? Many reasons. Fossil fuels will run out and harm the environment, renewables aren't as productive or reliable and take up a lot of space at the same time, and Nuclear is damn expensive and takes forever to get running. Let's look at this last point... + +**Nuclear is expensive and takes *forever* to get running.** + +It costs *billions* of dollars to get a new Nuclear facility up and running. Natural gas takes a fraction of the cost. Nuclear, while turning a profit at a better rate and with less carbon output than Natural Gas, also takes *at least a half decade* to even be built. Out pacing a Natural Gas facility's profitability doesn't begin until nearly a decade *after* a Nuclear facility is built. And that's *without* further technological improvements of Natural Gas facilities bringing costs down further. Who exactly has 10-15 years and billions of dollars to spend on an endeavor that will likely need heavily regulated maintenance and repairs shortly after profitability outpaces its competitors? + +**Not politicians, that's for sure.** + +The billion dollar price tag for Nuclear can only be covered by 1 purse, the political purse. Let me ask you this, how many high level representatives can you name that have been in positions of power for 15 years? The way you advance in politics is by winning and you have a short time frame to do that. Investing yourself in legislation that pumps up Nuclear energy, against horrible public perception, will not net you the quick wins needed to continue moving up the ladder. No one wants a part of this like they do Renewables or even Natural Gas. + +**So is Uranium actually worth investing in?** + +The short answer? It *could* be, but only for the intermediate term. 3STmotivation specifically mentions a horizon over the next few years and how important it is to keep an eye on spot prices and the industry when we get a few years down the road. Based on what I've learned during my research, this is not a long term play until *significant* improvements are made for Nuclear. + +**What about for the intermediate term?** + +During the bull run from mid 2010 to the beginning of 2011, CCJ, DNN, and UUUU shot up about 65%, 150%, and nearly 500% respectively. Unfortunately, over the following 6 month time frame, they lost basically all of those gains and have been in decline for the 10 years since. Fukushima played its part with reassuring the public that Nuclear was dangerous and may have been a catalyst for this meltdown, but the continual decline in value is evident. These are huge gains, no doubt, but be understanding of the industry as a whole and how the market reacts before buying in. + +**Final thoughts:** + +I ultimately decided ***not*** to buy into Uranium. I think the industry is Undervalued for a reason, ie. valued appropriately. My investment strategy does not include investing or trading commodities so it was easier to pass on this, but that is not to say money cannot be made here. I simply don't believe this to be a long term play and the short/intermediate term is too volatile, difficult to fully grasp, and risky for most investors. 3STmotivation provided great analysis of the industry and the companies that are probably best equipped to benefit from the upcoming catalysts, so I thank him for encouraging my research. + + +Remember, not everything affordable is worth buying. + +If you'd like to read more about my investment strategies and analysis or other Due Diligence that I've done, you can find them on my personal site, [TheStockChartist.com](https://thestockchartist.com). Mods, if this isn't allowed, please let me know and I'd be more than happy to remove this link. + +*Disclaimer: The above is not advice, just an analysis meant for educational purposes.* +I called CRA multiple times but nobody was able to give specific answers to my questions. + +I would like create a structure where I can make the best use of borrowed money. + +* Create a CCPC(operating company preferable instead of holding company). Best would be to invest in my wife's physio business and create an investment account to separate this transaction so that there is always income to give dividend +* Start investing in stock market using borrowed money through HELOC +* Invet in US stocks & ETFs +* Generate capital gain and dividend income +* May plan to buy rental or other businesses under this Corporation which gives me steady flow of Dividends +* File T2 with corporations income +* Pay a yearly Dividend for which I'll be getting T5 +* Yearly interest ceritificate vs T5 +* Carry forward interest expenses in case there is no profit or income in that financial year. + +Do you think this is approved by CRA. Any concerns with this structure? + +EDIT: + +&#x200B; + +&#x200B; + +https://preview.redd.it/yywwxkllcy6a1.png?width=1940&format=png&auto=webp&s=d3b83cca0aa3dd9d403ef45a47447bca09bba342 + +https://preview.redd.it/7dmre58kay6a1.png?width=1940&format=png&auto=webp&s=7977504f85da1a8737802810246af4ba9d568742 +**A little backstory:** I (29 y/o, $58K/yr) received a very good financial education from my parents growing up, and have worked hard to stay debt free. I have invested well and developed a reasonable amount of savings, but I was married ~2 months ago, and this past weekend, my spouse (26 y/o, $41K/yr) came clean about her debts to me. + +**The situation:** I had her consolidate all of her account information/logins so that I could get a clear picture of what the damage was. She had $17,000 in credit card debt (between 4 cards) and still has ~$8,000 (@8.5%) remaining in student loans. She was very embarrassed and apologetic, and said that she hadn't told me for the past few months because she was afraid of how I would react. + +I reacted well, did not get angry, and thanked her for not keeping this from me longer. I expressed that "This is a financial emergency" and went into "Let's get this taken care of" mode. I transferred ~50% of my savings out to immediately pay off all of the credit cards. We cancelled all of them except for the one that she's had open for several years (for the sake of maintaining her credit), but we shredded it so it can't be used again and will continue to monitor the account. + +I am now kind of giving her a crash course in credit cards, etc, and we are consolidating all of our finances in a way that makes them easier to manage. I've made her an authorized user on one of my cards so that we can monitor spending/cashflow together. + +**My questions for /r/personalfinance are these:** + +1) Should I go ahead and just pay off the student loan as well? + +2) Should we just cancel the remaining credit card, or should I leave it open and just not use it ever again for the sake of her credit health? (If this even makes sense.) + +3) As of right now, we have worked out a "repayment" plan where she will be transferring $500 out of every paycheck into a new savings account that we created together. She will continue this until the balance of the savings account is $17,000. This will then be used for down-payment on our future home. Is having her on a plan like this too strict or wrong of me? Should I just brush this off to having been a lesson learned? + +4) I am having a hard time mentally moving past the fact that it took me so long to save that $17K... I love and trust my wife, and I am committed to her. I know that paying off the debts was the best decision, but I can't help but dwell on the fact that I feel like I made it too easy and non-consequential for her. This feels like an unhealthy mindset. Any guidance for me? + +Any advice or suggestions here would be greatly appreciated. Thanks. + +Edit:[ My update, and a thanks to personalfinance](https://www.reddit.com/r/personalfinance/comments/532294/newly_married_spouse_disclosed_her_debts/d7pfs8t) + + +[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!* +They say you should start every story with a hook. Here's my hook: a friend of mine came to my house about three weeks ago and confessed that she was seriously considering killing herself. + +After many hours and tears I managed to convince my friend to go to the ER and sat with her all night there. She confessed to the crisis worker that her husband has been abusing her and that she was planning on overdosing that night. When her husband found out she was in the ER, he threatened to divorce her to make her leave. Mercifully, the hospital "blue sheeted" her, meaning she was held by law and admitted to the psych ward. + + I'm a very recent graduate on the job prowl and living under a very tight budget (I've been using YNAB and it's spectacular!). Despite the narrowness of my finances and largely due to this lovely subreddit I've been striving very hard over the last year to build a little emergency fund. This emergency fund was the absolute tits during this trying time. + +I told my friend I had the means to pay the hospital copay if she couldn't. During that night in the ER while she peed in a cup I bought myself some tea and snacks. Early in the morning I went shopping for a pair of drawstring-free sweatpants for her because she was sad and afraid and cold and hospital gowns suck balls. I also found her a book to keep her occupied, since psych ward patients are not allowed any form of media. When I was allowed to visit her at the hospital I bought myself a big old cafeteria meal with all the available comfort foods. When she got transferred to a hospital farther away I filled up my gas tank. When I had to cover her shift at work, after not sleeping for two days, I bought all the coffee. ALL OF IT. I didn't have the energy to cook so I ate out. When all the stress, sleep loss, and hospital time gave me a goddamn cold, I bought some medicine. After about three days in hell I finally got a chance to sleep. I rested so easily knowing my friend was safe and my finances were secure. All of the money I spent during that time was just sitting there waiting for something like this to happen. + +She spent nearly a week in the ward and was put on medications. She says now she's happier than she's ever been. She's not out of the abusive relationship yet (that's going to be a whole other beast) but it sounds like she's gaining the tools she needs to take care of herself. + +Shit happens, mental health is serious, and emergency funds are super rad. If you don't have one, start one. + +Thanks for convincing me that the pain-in-the-ass process of saving for unforseeable events when you're poor is totally worth it. + +-Wannabegroupie +I have a doordash account that has my dad’s card on it (he used to order food with my account), that I haven’t used in a while since I went to college, but all of a sudden, a bunch of charges started showing up on his card from there. I haven’t been using doordash, & my dad filed a fraud case with his bank company against those charges (around $300). I decided to do some of my own sleuthing, & I found that a lot of the food was going to my college address, but I hadn’t been ordering any. This is where I realized my stupidity- a few weeks ago, I let one of my roommates log into my account to order something, and I believe he has continued using my account to order more food. I’ll obviously talk to him and sort it out, but I’m not sure how the investigation will go? Is it likely we’ll get our money back from the card company, and will they raise some sort of criminal investigation against the residents of our house? (Me, my roommates) because I’m guessing doordash will provide the bank company with the order address. I would like for my dad to get his money back because the charges are unauthorized on his part, but I don’t want my roommate to get arrested either. +So I've been wanting to look at what options are out there on the ASX for stocks that are "ethical / eco-friendly" seeing that: + +A) that seems to be the way things are trending long term, and + +B) thought I might try balance out my portfolio a bit seeing 90% of it consists of companies that are raping the earth (basically if there is a metal that can be mined, I own it). + +Plus I see people asking about it on here every now and then, so I scoured the ASX and came away with a Watchlist of companies that fit the bill. + +Some are shit, some are legit, but here they are if you're interested... (note I'm not including lithium miners in here because there's 10 billion of them and they're all spammed to death on here daily)... + +* **AEF** \- 1-year gain: 31.73% - super fund that invest in environmental and ethical shit that you can invest in directly as a stock. They spam me everywhere I go on the internet with animated banners, so they're at least willing to spend cash on marketing. Probably very overpriced, 58 P/E ratio? +* **BLG** \- 1-year gain: -11.53% - a penny that produces cells for solar and LEDs. They use a lot of advanced buzzwords like "Remote Plasma Chemical Vapour Deposition technology" that reminds me of Brainchip somehow. Tech sounds interesting but fuck all revenue and probably a dog stock. +* **MCY** \- 1-year gain: 20.76% - Kiwi company that runs a bunch of hydro and other renewable energy. Have been looking at this for a while, but returns aren't amazing and seems like money could be better used elsewhere. Also probably overpriced, legit company though and wouldn't be surprised if international interest in the renewables binge leads to a buyout in a few years. +* **MEZ** \- 1-year gain: 33.26% - another NZ company, generates power from wind/solar/hydro. Looks verrrry overpriced, but decent gains compared to the rest of the sector. +* **MPR** \- 1-year gain: 170.83% - can someone smarter than me please tell me what is going on with this stock? Commsec shows no trading volume, yet their price keeps going up... what am I missing? Oh, they're a company that builds solar battery storage. Wouldn't mind buying in if someone knows what's going on there? +* **NEW** \- 1-year gain: -37.31% - they invest in solar plants, and that apparently makes their share price go down. Ok. High dividend yield though! +* **PPY** \- 1-year gain: 183.33% - I remember this being memed on here a while back; has rocketed in the past. They turn banana tree trunks into wood products, which is kind of cool. Anyone a holder? +* **RNE** \- 1-year gain: 43.48% - tiny market cap penny which must deliver their "clean energy products and services" to about 10 people. Their whole company description sounds like dressed-up sales spiel. +* **ROO** \- 1-year gain: -32.14% - another penny that... cools down the roots of vegetables and shit? Seems useful if you believe global warming will hit sooner rather than later, not a money maker though. +* **SGM** \- 1-year gain: 11.13% - the big boy of the group, I only put them in here because they recycle tons of shit, particularly computer parts, and everyone uses computers, so... +* **TLT** \- 1-year gain: 62.53% - disclaimer: I own this stock, and it's been one of my best performers; they own a bunch of wind farms and develop solar. They're looking like they're about to be bought out though, which sucks as I wanted to hold onto them for at least a few more years... +* **VMT** \- 1-year gain: 72.73% - they make electric scooters, and apparently 2020 has been a good year for electric scooters? + +that's about all I've been able to find, and this was long enough anyway... if anyone's got any other good ones, post up and we can at least waste our money on trying and failing to save the planet <3 +Hey guys. So I love APT. I’m on pulse rewards, so I make a purchase with no payment due for 2 weeks, then I’ll then look at expected payments in my next pay cycle (paid monthly) then set aside the full amount and pay on pay day. + +So for instance I paid 10 instalments yesterday equalling $500 or so to clear my APT purchase from the last few weeks. I think it’s a great service, but how can they keep that up in my honest question. The cost of acquisition is only going to get higher as more competitors come into the space. + +Banks don’t need finance to support any growth in the sector and can use it a a loss leader product, and don’t get me started on how insignificant a few billion is to Apple. Loyalty won’t hold much of an argument and there is no long term way from them to truely differentiate. + +For instance, the current 15-40 year old would be across Z1P and Afterpay. But the next generation with their commbank accounts or iPhones already with BNPL pre-loaded, what’s their acquisition strategy there? More importantly, what’s the cost. + +Retailers will go for whoever provides them the best deals. For now they’re opening their legs allowing anyone BNPL provider in but long term as companies pivot away from bricks and mortar to e-Comm focused it will all be around brand loyalty and within that (maybe) having retailers start to dictate which services you’re allowed to process transactions on. + +So what’s your end game as a holder? Is this a fun ride or do you genuinely believe they have a future, and if so what is that future? + +I personally am proud to see an Australian companies innovate and be successful, but all I see is blind bulls running around singing it’s praises and never discussing the above points. + +Feel free to downvote me :) +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +Monday was obviously a fantastic day to HODL GME, because *nobody* was selling. Volume was ultra-low all day, setting a new record-low, yet the price increased over $3. At this point, I think that Apes are locked into this waiting game, and it's up to our Diamantenhände to HODL mightily no matter what FUD they sling. While waiting can be difficult, it is the one thing that the short hedge funds cannot beat us at - every day they struggle to put off the MOASS for just one more day, and each day is one closer to the inevitable MOASS. Remember the thesis, remember the heaps of DD, and remember the Apes who are committed to this movement. Things feel ready to change, again, and one of these times they will not be able to contain it. + +Today is Tuesday, July 27th, and by now 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: **$181.11 / 153,65 €** *(volume: 336)* +- 🟥 115 minutes in: $181.99 / 154,40 € *(volume: 336)* +- 🟩 110 minutes in: $182.14 / 154,53 € *(volume: 336)* +- 🟥 105 minutes in: $181.90 / 154,32 € *(volume: 334)* +- 🟥 100 minutes in: $182.01 / 154,41 € *(volume: 331)* +- 🟩 95 minutes in: $182.65 / 154,96 € *(volume: 326)* +- 🟩 90 minutes in: $181.18 / 153,71 € *(volume: 319)* +- 🟥 85 minutes in: $180.90 / 153,48 € *(volume: 296)* +- 🟥 80 minutes in: $180.99 / 153,55 € *(volume: 284)* +- 🟥 75 minutes in: $183.27 / 155,49 € *(volume: 115)* +- 🟩 70 minutes in: $183.55 / 155,72 € *(volume: 93)* +- 🟩 65 minutes in: $183.54 / 155,71 € *(volume: 76)* +- 🟩 60 minutes in: $183.01 / 155,26 € *(volume: 76)* +- 🟩 55 minutes in: $182.96 / 155,23 € *(volume: 75)* +- 🟥 50 minutes in: $182.70 / 155,00 € *(volume: 73)* +- ⬜ 45 minutes in: $182.95 / 155,21 € *(volume: 73)* +- ⬜ 40 minutes in: $182.95 / 155,21 € *(volume: 60)* +- 🟥 35 minutes in: $182.95 / 155,21 € *(volume: 44)* +- ⬜ 30 minutes in: $182.98 / 155,24 € *(volume: 41)* +- 🟩 25 minutes in: $182.98 / 155,24 € *(volume: 41)* +- ⬜ 20 minutes in: $182.96 / 155,22 € *(volume: 41)* +- 🟥 15 minutes in: $182.96 / 155,22 € *(volume: 20)* +- 🟥 10 minutes in: $182.96 / 155,23 € *(volume: 20)* +- 🟩 5 minutes in: $182.99 / 155,25 € *(volume: 10)* +- 🟥 0 minutes in: $182.85 / 155,12 € *(volume: 10)* +- 🟩 US close price: $183.94 / 156,05 € *($183.78 / 155,92 € 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 1.1787. 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. Four 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! +These are criminals we are dealing with. And sociopathic ones at that. + +They've robbed the bank, killed the guard, and taken hostages. The authorities have guns drawn on the exits, and there's an angry mob waiting to financially rip them to pieces. We can likely assume these mother fuckers have already decided they have no intention of being taken into custody. + +They are going to try to shoot their way out, even with virtually no chance of success. They've already broken so many laws, whats a few more? Shooting back the cops in broad daylight and annihilating themselves in the process might be the only choice they have left. + +Expect the blatant illegality and manipulation to get much worse, before things get better. + +It is on the other side of their dramatic and desperate end, that our rocket towards Andromeda departs, fellow Apes. + +Buy. Hold. Laugh. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## 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. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot +) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot +) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot +) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot +) | [Daily News](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | +| [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot +) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Based on comments in [this post](https://www.reddit.com/r/fatFIRE/comments/ygo305/how_much_in_taxes_do_ultrahigh_earners_save_from/), I decided to create a post about the Buy, Borrow, Die strategy for HNW vs a simply SWR based approach. + +For those who don't know, Buy/Borrow/Die (BBD) is - very simplified - a strategy where each year you borrow your expenses using your assets as collateral. Think something like a margin loan or a PAL. When you die, your heirs get your assets at a stepped up basis and pay off the loan. Theoretically, you've greatly reduced or eliminated your tax burden. + +Does it really work though? I created a very simply spreadsheet to simulate the theory using data from the last 50 years. This is the spread sheet. + +https://1drv.ms/x/s!ApYdajYKxgfXq4QWGh7WcD5Qi2Le7Q?e=lEV2A1 + +I would suggest we define the BBD strategy as failing any time your equity percentage falls below 50% because then you can't borrow more money and are forced to sell. This would, of course, include the case where you simply go broke. It would also be a failure if BBD left you with less money at the end of a simulation than a traditional SWR approach. Note that in some of these cases a 4% SWR will fail too. + +The spreadsheet has a parameter tab where you can, for example, adjust the starting year of the simulation. + +A couple notes. The "Margin/PAL Interest Boost" parameter reflects the fact that my interest rates are basically the average mortgage rate in a given year. Typically, margin rates are higher and have, historically, been much higher. This parameter lets you adjust that up or maybe down (if you want to go with IKBR). I've used 2% as a default value. + +The "Tax Adjust / Fudge Factor" let's you adjust the BBD initial expense value down (or up) to reflect the fact that someone using BBD doesn't have to pay taxes. I would not that the effective tax rate of someone taking 400K of expenses in the form of LTCG is 10-15% assuming they live in a no tax state. Of course, it depends on the cost basis because not all of your 400K is gains. I selected -15% as a default value. + +The table below indicates the results I got. Pretty much every starting year prior to 2003 failed. And, since we don't know the future yet, I'm not going to pronounce 2003 onward as successes. + + + + +| Year | Fails in years | +| ---- | ----------------- | +| 1972 | 8 | +| 1973 | 9 | +| 1974 | 9 | +| 1975 | 20 | +| 1976 | 13 | +| 1977 | 12 | +| 1978 | 17 | +| 1979 | 30 | +| 1980 | 29 | +| 1981 | 28 | +| 1982 | 27 | +| 1983 | 26 | +| 1984 | 25 | +| 1985 | 24 | +| 1986 | 23 | +| 1987 | 22 | +| 1988 | 21 | +| 1989 | 19 | +| 1990 | 19 | +| 1991 | 18 | +| 1992 | 17 | +| 1993 | 16 | +| 1994 | 15 | +| 1995 | 14 | +| 1996 | 13 | +| 1997 | 12 | +| 1998 | 11 | +| 1999 | 10 | +| 2000 | 9 | +| 2001 | 8 | +| 2002 | 10 | + How to create an algorithmic trading bot with Python[Overview](https://www.conorjohanlon.com/overview/) \- An overview of the project. + +1. [Design](https://www.conorjohanlon.com/lets-design-part-1/) \- Requirements and how the trader operates. +2. [Getting financial data into Python](https://www.conorjohanlon.com/getting-data-from-mt5-to-python/) \- Pulling financial data into Python from MetaTrader5. +3. [Open a trade using the MT5 API with Python](https://conorjohanlon.com/how-to-open-a-trade-in-mt5-with-python/) \- How to open a trade programmatically via MetaTrader 5. +4. [Close a trade with MT5 using Python](https://www.conorjohanlon.com/close-a-trade-with-mt5-using-python/) \- How to close an open trade with MetaTrader 5. +5. [Creating an algotrader/trading bot with Python – Part 1](https://www.conorjohanlon.com/creating-an-algotrader-trading-bot-with-python-part-1/) \- Creating the trading bot loop and opening trades with an entry strategy. +6. [Creating an algotrader/trading bot with Python – Part 2](https://conorjohanlon.com/creating-an-algotrader-trading-bot-with-python-part-2/) \- Implementing a strategy reader. +7. [Creating an algotrader/trading bot with Python – Part 3](https://www.conorjohanlon.com/creating-an-algotrader-trading-bot-with-python-part-3/) \- Closing a trade with an exit strategy. +8. [Creating a strategy for your algorithmic trading bot – Part 1](https://www.conorjohanlon.com/creating-a-strategy-for-your-algorithmic-trading-bot-part-1/) \- Creating a dynamic strategy with JSON for trading part 1. +9. [Creating a strategy for your algorithmic trading bot – Part 2](https://www.conorjohanlon.com/creating-a-strategy-for-your-algorithmic-trading-bot-part-2/) \- Creating a dynamic strategy with JSON for trading part 2. +10. [Dynamically calculate lot size for your algorithmic trading bot](https://www.conorjohanlon.com/dynamically-calculate-the-lot-size-your-algorithmic-trading-bot/) \- Dynamically calculate your position size based on account size and risk. +11. [Send messages from Python to Slack](https://www.conorjohanlon.com/sending-alerts-from-python-via-slack/) \- Sending open trade/close trade alerts to slack. +12. [Send an email from Python](https://www.conorjohanlon.com/send-an-email-from-python/) \- Sending open trade/close trade alerts via email. +13. [Trade management for the ](https://www.conorjohanlon.com/trade-management-for-algorithmic-trading-bot/)[algorithmic trading bot](https://www.conorjohanlon.com/trade-management-for-algorithmic-trading-bot/) \- How to manage your trades and limiting your risk. + +*Disclaimer: Trading financial markets involves risk, and is not suitable for all investors. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to take are your own.* + + +[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!* +From 1998 to April 2000, no one lost money. All stocks were up, pretty much. Today, the SPY is breaking new highs while there are many stock pickers who have lost money recently. The big 5 are only about 5% off their peak, but some speculative stocks are down 50% or more, in the middle of a raging bull market. This divergence did not exist in 1998 to 2000. What does this mean to you? +Guten Tag to this global band of Apes! 👋🦍 + +The energy behind GME has totally shifted, and it seems clear to me that the institutional shorts are once again actively trying to contain the price movements. They know that the GME report is devastating to the narrative they had tried to sell us on that they had closed the short positions during the Sneeze. Further, we now have the data to show that they have enormous short positions at $350, and are desperate to never let the price exceed those levels. + +Well, Apes, we know exactly what to do now. They are *so* out of control while we continue to lock the float in ComputerShare. Every share DRS'd is even further out of their reach, unavailable for the manipulations that their position demands of them. Transferring to Fidelity and DRS from there also forces many of the internalized positions to be realized. + +We have the momentum, we have the DD, and we have the float. They still have our tendies, but not for much longer. + +Today is Wednesday, October 20th, 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: **$186.87 / 160,34 €** *(volume: 1254)* +- ⬜ 115 minutes in: $186.98 / 160,43 € *(volume: 1252)* +- ⬜ 110 minutes in: $186.98 / 160,43 € *(volume: 1250)* +- ⬜ 105 minutes in: $186.98 / 160,43 € *(volume: 1245)* +- 🟥 100 minutes in: $186.98 / 160,43 € *(volume: 1227)* +- 🟥 95 minutes in: $186.99 / 160,44 € *(volume: 1175)* +- 🟩 90 minutes in: $187.08 / 160,51 € *(volume: 1175)* +- 🟩 85 minutes in: $187.05 / 160,49 € *(volume: 1172)* +- 🟥 80 minutes in: $186.76 / 160,24 € *(volume: 1172)* +- 🟩 75 minutes in: $189.54 / 162,62 € *(volume: 857)* +- 🟩 70 minutes in: $189.48 / 162,57 € *(volume: 833)* +- 🟩 65 minutes in: $186.60 / 160,10 € *(volume: 190)* +- 🟥 60 minutes in: $186.41 / 159,94 € *(volume: 103)* +- 🟩 55 minutes in: $186.47 / 159,99 € *(volume: 102)* +- 🟥 50 minutes in: $186.41 / 159,94 € *(volume: 102)* +- 🟩 45 minutes in: $186.47 / 159,99 € *(volume: 91)* +- ⬜ 40 minutes in: $186.41 / 159,94 € *(volume: 90)* +- 🟩 35 minutes in: $186.41 / 159,94 € *(volume: 84)* +- ⬜ 30 minutes in: $186.23 / 159,79 € *(volume: 77)* +- ⬜ 25 minutes in: $186.23 / 159,79 € *(volume: 77)* +- 🟥 20 minutes in: $186.23 / 159,79 € *(volume: 77)* +- 🟩 15 minutes in: $186.29 / 159,84 € *(volume: 69)* +- 🟥 10 minutes in: $186.28 / 159,82 € *(volume: 28)* +- 🟥 5 minutes in: $186.33 / 159,88 € *(volume: 28)* +- 🟥 0 minutes in: $186.39 / 159,93 € *(volume: 3)* +- 🟩 US close price: $186.79 / 160,27 € *($186.50 / 160,02 € 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 1.1655. 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! +I’m looking for a new daily podcast personally. I’ve used RH’s to give me the inside scoop on what the robinhooders are buying up every day, but I can’t stand the voice and attitude of the hosts. I feel like I’m listening to 22 year old dudes in a frat house. + +I read the Stocktwits evening email which is fun to read but never really offers me much content I wasn’t aware of. + +What do you use? Hopefully this thread will help some others out as well. +At r/ethtrader we have seen a surge of new users. While price action and targets have been discussed extensively here, I think many newcomers aren't familiar with what are upcoming upgrades to Ethereum. I think giving them the idea makes them take better decisions and see how amazing ETH is. + +The post will be about explaining **EIP-1559, Proof of Stake** and **Sharding** in **simplest terms possible without losing the technicalities**. Also with Price Effects at the end of each section. + +[EIP-1559](https://notes.ethereum.org/@vbuterin/eip-1559-faq) **(Expected Summer 2021)** : EIP means "Ethereum Improvement Proposal". The permanent solution for high gas fees is "Sharding"(explained below), but EIP-1559 is proposed as a temporary fix till then. + +* Why are gas fees high? Because, Ethereum uses an "**auction mechanism**", users offer miners more gas fees for miners to include their transaction in the **block(next batch of transactions).** So when more users want to be included in the next block, their only option is to increase their gas fees. If you offer low gas fees, your transaction will never win the "auction" and will forever wait in the **mempool(waiting stage).** Consequently, some users often pay more than other users whose transactions have been included in the same block just because they arrived late. +* What does EIP-1559 do to fix this? Well it brings a two tiered system called **Base Fee and Tips**. The proposal aims to keep blocks at a **50% utilisation rate(Blocks are only 50% filled)**. The Base Fee is automatically determined by algorithm based on congestion. Once block is more than 50% filled, base fee rises. It falls below 50%, base fee decreases. Tips can be included as extra, an incentive for miners to include your transaction. +* So what happens is the tipped transactions get cleared faster, Once all the urgent transactions are cleared, non-urgent transactions would be executed as the base fee decreases — and block space would return to its 50% target. This way instead of beating each other to pass, we all pay accordingly with congestion. +* **Effect on Price** : *The base fee is* ***BURNED****! All that Base Fee Ether isn't given to miners, it's burned and lost forever. Only tips are kept by miners. This is an amazing way of keeping ETH Inflation in check. May even push it to negative when network is congested, Bitcoin Halving becomes a child's play.* ***Supply crunch, aka to the MOON!*** + +[Proof of Stake](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/#:~:text=Proof%20of%20stake%20is%20a,a%20validator%20in%20the%20network.&text=stronger%20immunity%20to%20centralization%20%E2%80%93%20proof,more%20nodes%20in%20the%20network) **(Expected Winter 2021)** : + +* Firstly, there is the narrative of environment concerns over Proof of Work. Next, the entry barrier is very high for PoW. You have to get highly priced hardware and it is "not so decentralised". We already have companies having mining pools that dominate over individual miners like you with your laptop. So, Proof of Stake takes away the miners and replaces them with "**Validators**". +* People can individually or together pool in > 32 ETH to become a validator and start validating transactions and securing the network instead of mining via hardware. As a reward, a generous \~7% of staked ETH is given to said validators. Also, Proof of Stake makes it easier to implement Sharding(explained below) later in 2022 than Proof of Work. +* **Effect on Price** : *This incentivises validators to hold their ETH and not sell to get the said 7% of their pile, This along with EIP-1559's ETH burn is clearly suggesting a* ***Supply crunch, aka to the MOON!*** + +[Sharding](https://education.district0x.io/general-topics/understanding-ethereum/ethereum-sharding-explained/) **(Sometime in 2022)** : + +* This is the real deal. Sharding is the permanent solution to gas fees. It is the most complex upgrade to Ethereum and for that reason, I'll use a real boiled down version of what it aims to do. +* Imagine the whole Ethereum Blockchain as the whole world. Imagine your transaction as a letter, When you want to send the letter to someone from America to Australia, you have to announce to the whole world(all nodes in blockchain) that your letter is a valid one and wait for their approvals. +* This is what makes the blockchain not scalable. Sharding divides the whole blockchain into 64 Nodes(for now). Like their own individual countries. Now the letter from America can be approved by American Shard instead of waiting for whole world to approve. +* A **Notary(validating authority like an ambassador)** is randomly picked periodically in each shard to vote on the validity on transactions. These votes are then reviewed by a committee on the main Ethereum chain**(A global validator)** and merged to entire world's ledger via what’s called a sharding manager contract. This protocol is still being worked on. It solves a problem of all blockchains **(Google blockchain trilemma).** +* **Price Effect :** *This can't be said right now. But from a tech perspective, the dApps built on Ethereum can be scalable which means there are going to be revolutionary ideas built which would've never been thought of possible. Maybe we'll see the next UniSwap, or NFTs or maybe even multiplayer games? Endless Possibilities.* + +We will soon inevitably do the Flippening, it's just a matter of time. ETH was $120 on March 2020 and look where we are. The demand is huge and growing, and there's all these upgrades **REDUCING THE SUPPLY!** + +As for me $10K was never a target for me. My ETH holdings are closer to 0 than to 1 ETH. I'm here for the long term 2024/2025 market and beyond where ETH's market cycle is way more deflationary than BTC. + +**My take :** ***These days, everything is valued based on utility. Even if we won't need it, people crave utility. Our phones, designed to just make calls, browse internet are now competing to offer more utility. People want their phones to function also as a video game console, a crypto wallet, a streaming device heck even a health monitoring device.*** + +Amidst all this what is the reason you hold Bitcoin? Because people believe it has value. It has it's place now we can't be tribalistic but, when you can hold ETH see the possibilities..**you can interact with Web 3.0, use DeFi, play Decentraland, buy NFTs and then there's deflationary store of value and many more!** + +While Fund Mangement and Banks will follow the BTC narrative, look where VISA and MasterCard want to settle transactions. Where do you think highly sophisticated Tech companies like Apple, Google want to get in? Where do up and coming startups want to make their move? + +# Ethereum...The New Internet for a New World! + +&#x200B; + +Note to the elite tech people : If you guys think I made a mistake somewhere in the explanation or lost an important detail to generality..then please comment so that I can update it. It's already late here, I'll update as soon as I wake up tomorrow. Thanks for reading! +So this is sort of (ok, mostly) a brag post, but I just checked Mint and noticed that [I finally cracked $100,000 net worth!](http://i.imgur.com/LkDcBNr.png) What's more, it happened exactly five years after I started getting serious and tracking my finances. This is kind of a milestone for me, because I didn't come from a rich family, and I started out with thousands in student loans (though not as bad as some folks) and very little assets (the starting $1,500 was my guess of what my crappy car was worth). + +There isn't any magic secret here, but if you just keep saving / investing, you *will* see growth over time. A few tips, most of which are pretty much standard advice in /r/personalfinance: + +* Wherever possible, set up automatic savings, so it comes out of your paycheck and you never have the chance to see that money and spend it. I can't stress how key this is for me. I try to set it up so I always feel "poor" in that after I pay all the bills, my checking account balance is a little bit tight. It encourages me not to waste money on nonsense, and if I have to transfer from savings for a big purchase, it makes me stop and think about it more. + +* Invest in low-cost index funds. If you're unsure where to get started, check out the resources in the sidebar, or [the Bogleheads wiki.](http://www.bogleheads.org/wiki/Bogleheads%C2%AE_investing_start-up_kit) If you're totally clueless, the [Vanguard Target Date Funds](https://retirementplans.vanguard.com/ekit/pmed/trf/index.html) are a very sensible and easy place to put your money for now, while you learn more about investing. + +* Change jobs to get raises. Maybe in the olden days you could stay put at one company and get promoted with a big raise, but I've found my good raises come when I move companies. I usually stay at one place long enough to learn some new things and take on more responsibility with a fancier title, and then I use that as leverage to get a new job with pay fitting the title. I started out working in a callcenter answering tech support calls for $33k/year, and I'm now a software engineer making $75k. (Edit: The intermediate step was teaching myself programming and then doing QA for a software company) + +Edit: Added some more information about investing, I shouldn't have acted like it was super obvious. It gets talked about over and over here, but it's always new to somebody. Also, because several people have asked, I am 29 years old, I do have a bachelors degree, but I majored in biology with a math minor. I didn't study computer science in college. + +Edit2: A lot of people have been asking about how I made the transition from helpdesk to software dev. I wrote about that [a bit here](http://www.reddit.com/r/personalfinance/comments/2us5o5/this_advice_really_works_five_years_12000_to/cob8nrx): + +> I would suggest not applying directly for software engineer jobs, but for something closely related. In my case, after doing phone tech support, I taught myself some programming and got a job as a "test engineer" (sometimes also listed as "QA Engineer") for a company that builds web applications. Then, I was able to demonstrate my abilities by automating large parts of the testing process: bringing up virtual machines, automating browser interactions with Selenium, etc. + +> After about a year and a half, they had a software engineer opening, and I applied. It was probably the easiest interview I'd ever done, because I'd already been working directly with those people, they knew me and they knew what I could do. + +If you're looking to learn to code, [there are great resources here.](http://programming-motherfucker.com/become.html) I started off with Python, which I still think is a great language for beginners, but if you want something that is immediately marketable, JavaScript is probably the way to go these days. +As I am looking at it now, it is worth about 9,70$ a share and will probably drop further as most movies this year have been cancelled and postponed and people aren't going back to theaters enough to stimulate that price up. + +CGX would have finally been my biggest mistake during this Market Craze, my YOLO share if you put it this way. + +A shame though because they represent so much for Canada`s cinema industry. + +Even if it doesn't go down the drain, who knows when it'll go back up to reach pre-Covid price... +I used to think I wanted to stop working. But my experience over the holidays has made me rethink that. I had time off over the past 3 weeks, and due to some circumstances, my wife and I spent it at home, without any family. + +It drove me crazy. I found I could not easily relax and enjoy books or video games. I picked up a bunch of projects around the house just so I could have something to do - something to make me feel *productive*. Filling the days was something that began to stress me out. + +Now I'm worried that my desire to stop working has been motivated more by ennui and dissatisfaction than it has by the desire to have more agency over my life. Because, granted that agency, I didn't feel too good about it. + +Don't get me wrong - I have taken long vacations before. In fact, I was out of the country for 6 weeks this summer, traveling. But the level of stimulation on such a trip is definitely higher than just spending time at home. + +EDIT: I've thought about this some more. I think the key issue for me is one of feeling productive. I'm a 9-to-5er, and in my daily life, I have ample time to exercise, read, play video games, watch TV, hang with the wife and such. One of my greatest joys these days is going hiking on Sundays. I also manage to stay on top of a lot of housework, and get minor home repairs done. However - during this 3 week period, I tried to expand all of these things to fit all my waking hours. What this came at the expense of was the feeling of productivity - doing something, moving things forward, building, creating, removing entropy from the world. More gaming and hiking and reading didn't help me with that. Home improvement projects did, but there's a limit to my interest and expertise there. + +So I think the core issue for me is that I need to find some hobbies that allow me to build and create, rather than just 'be'. +Good morning everyone. Just posting to see if anyone has any tips other than slowly paying everything off. + +I make around 60k a year and my wife makes around 40 but will make 46k next year after her automatic promotion. + +We have a ton of debt. We both had Credit scores in the 700s last year but we are going downhill fast. + +My dad was diagnosed with colon cancer and was no longer able to work for two years before his death this past July at age 49. My mom was a stay at home mom and they were struggling so i took out two personal loans totaling 35k to help them out. Then my wife (26) got pregnant and didn't work for the first six months of my son's life which was great for our family but horrible for our finances as i didn't make enough to cover all our bills so i reported to Credit cards to keep us afloat. + +She just got her new job in June and it has helped but we are in deep trouble. We have three credit cards, one we owe 8k, one 7k and the other 3.5k. Personal loans totaling 35k, mortgage is $710 a month. Car payments totaling $700 per month. We don't have cable tv, just internet and hulu/netflix totaling 65 a month. I work midnights and she works daytime and we both commute about 80 miles each day which comes to about $325 in gas a month not including any other travel. Daycare usually two days a week totaling $90 per week. All other utilities and insurances total about $350 per month plus $130 for cell phones. + +I'd love to drop my car payment of $420 but I'm underwater on the loan by about $4k so I'm not sure it makes sense to get rid of it yet. + + +We already had both cars before helping out my parents with the personal loans and then having my son, which we don't regret whatsoever he's been a blessing. + +Do you all have any tips or just budget and chip away? Thank you! + + + +Edit: the personal loans are 12 percent interest...i didn't have much choice at the time. + + + + +Edit again: thank you all for your help I'm currently trying to get back to everyone that private messaged me! I hope to have our finances squared away within three years... Thank you all again. +I have a lot of equity in my rental properties due to appreciation, but rent increases aren't able to keep up, and with sharply rising property taxes (I'm in Texas), my cash flow is actually decreasing. I'm thinking I could sell and get a better ROI in other investment vehicles? + +Does anyone have experience investing in alternative (commercial) real estate investments like private equity deals through a sponsor/syndicator, non-traded REITS, or used crowdfunding platforms like Crowdstreet, RealtyMogul, Streitwise, Arrived Homes, etc? + +(I don't want to 1031 exchange into another property, the idea is to be more of a passive investor with less landlording.) +I went to do a job interview on Wednesday and everything went well, it seemed like a good place to work and the people seemed friendly. I was talking to the hiring manager and I mentioned if I could give my 2 weeks and she said yeah. I gave my noticed Thursday and just a little extra information about my job, it's terrible. Not the customers ( we are an optical store ) but the managers. The only reason they keep me around is because I'm the only one out of 12 employees that speak spanish. They refuse to hire anyone else that speaks Spanish. I've met like 4 people who came in for an interview and looked the part ( dressed to impress ) and didn't get the job but some others did. Come to find out they were friends to the managers. I also never get the commission because I don't finish a sale. I get a lot of customers scheduled to me because again...spanish. once I get done testing a customer ( not my job but no one else can help them ) I can't really go around the store helping choose the type of glasses or frames they need so I lose out on a sale. Anyways sorry I went too deep. Anyways I was really wanting to leave and I gave my 2 weeks and this job I was going to work for sent me a message saying that since I can't start Monday they will withdraw from hiring me. Now I don't know what to do. This pandemic makes getting jobs really hard. I've been looking for the last 2 months and this one was one that got back to me. I know my resume looks fine. I'm just really upset and need advice. + +Edit: Thank you all for the advice. Tbh it really opened my eyes. It's true I dont have to give them courtesy but it's just how I am, but maybe I do need to change that. I should look out for myself. It kinda feels weird. I've been kinda hyping myself up to tell this new job I can start Monday( hopefully ) and quit my old one tomorrow. I feel weird thinking about it. + +Update: I wasn't expecting this many replies, thank you for that and thank you for the medals. It's the first ones I've gotten! Like I've mentioned before my eyes really did open up. Unfortunately the new job wasn't responding to me but I have 2 interviews in this upcoming week. I now know to just take the job. I really do appreciate all the help and how many people are so ready to lend their knowledge and experience. You all are the best. I hope each and everyone of you have happy and joyful life. +A major test of resolve is here - 7 of the last 9 days have been negative. Big falls. Weak hands selling out all over - feels like there's a stampede for the exit. The exchanges can't cope, which makes matters worse. + +A great many people on this sub have little or no investing experience. The FUD when we get falls like this is thus overwhelming. + +So, a lot of selling going on. + +But for every sale, there is a buyer. Think for a moment about who is buying right now, and why they are running *into* the burning building at the same moment you are running out. The people doing the buying right now are (by and large) not posting here. They are people with money, with investing experience; people who know that nine times out of ten, trading motivated by emotion will lose money; who know that the best time to buy is when fear is gripping the market. Make no mistake, there are people who are going to get rich from all this fear. Some of them might even be helping it along... + +So do yourself a favour: be clear about your goals and make a plan. Talk it over with an experienced investor who is disinterested (not *un*interested) if you can. Make a backup plan B for contingency. Then *stick to the plan.* + +Read any investment text and one lesson is super clear: when it comes to money, fear and hope are your enemy. If you can't control your emotions, you *will* lose money. + +Edit - It looks as if there may be mischief at work - reports of DDoS attacks going on to block exchanges. +[https://www.bloomberg.com/news/articles/2022-03-15/yuan-surges-after-report-on-saudis-accepting-currency-for-oil](https://www.bloomberg.com/news/articles/2022-03-15/yuan-surges-after-report-on-saudis-accepting-currency-for-oil) + +&#x200B; + +This could be the beginning of the end of the petro dollar +If this is not sus then I really don‘t know. Tomorrow after market close we will have all new filings and most probably there will be another FUD attempt to tell us that the „shorts have covered“. Just wait for it… + +Well, for my part I just relax and remember the big picture: + +- Ryan is not chairman yet +- CFO tbd +- CEO tbd +- new business model tbd +- 1st quarter figures not yet announced +- voting results not yet announced + +Just think about good things to come and chill + +Cheers 🥃🍦🐸🔜🚀👊 + + +PS: I am adding here links to other wrinkle brained apes actually collecting and updating the current 13F filings figures + +Overview from u/eyeoftheotter: https://www.reddit.com/r/Superstonk/comments/nbscy6/whale_watch_q1_2021_update/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf + +Overview from u/godofthunder39: https://www.reddit.com/r/DDintoGME/comments/ncf34w/gme_institutional_holders_13f_filings_analysis/ + +Overview from u/fdaz: https://www.reddit.com/r/Superstonk/comments/ncpek6/13f_updated_data_so_far_summary_of_institutional/ + +Overview from u/digitalarts: https://www.reddit.com/r/Superstonk/comments/neg7tx/13fhr_reports_hot_off_the_press_and_updated/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +➡️ once again my thoughts on all this from one of the comments below: + +„My point is: most probably we will see institutional filings which are decreased in comparison to Dec 2020. So many people will use it to spread FUD and say that this indicates that shorts have covered. The point that they all will miss is that the institutional filings most probably will still be huge enough to show that if you add everything up (institutions, ETF, retail and brokers, insiders incl. Ryan etc.) we will be largely over 100% share ownership. Shorts never filed anything, but you can reverse engineer the positions through the long filings. And remember: there are no 13F in regards of retail which is estimated at tens of millions of shares AT LEAST.“ +I’ll be moving to a new house in a month or two and I’ve been back and forth with whether I should sell or rent my current home. Here’s the facts of my situation… + +I paid $215K for my house in 2009, owe around $300K currently (did a big remodel several years ago) and I could sell it for around $700K. + +Current mortgage payment is $1700 and I could rent for $3500. If I apply for a short-term rental permit, I could get one in a year or two and gross $5-7K/month on average. + +I have other long-term and short-term rentals so I have experience in the rental game. + +I’m self-employed and my real estate holdings are the biggest chunk of my retirement plan. + +If I sell I cash-in on the primary residence capital gains exemption and pocket a bunch of tax-free money. If I hold and rent, I’d essentially be committing to keeping the property for 10+ years and could generate some solid cash flow. + +In this housing market we’re in now with talks emerging of bubbles and irrational exuberance, am I crazy for considering holding & renting this property? +Thanks in advance for your input. Doctor here, 3 years out of residency. Making ~$300,000/yr, started with $519,000 in student loan debt (I know) I’m now down to 410,000. I’ve only really been aggressive in the last 2 years. Refinanced to a rate of 3.79%. I have 70k in cash that I was keeping as an emergency fund in a high yield savings account that was 2.2% now its 1.55%. My biggest expense is my student loan debt otherwise I can live on 2k/month. I’m scared of giving up my cash in case of emergency, but I’ll do anything to make this debt go away... +I am not a maximalist, but I simply can't see a future where Ethereum does not become the dominant cryptocurrency. There are several factors aligning that will create a tremendous amount of tail wind that should push Ethereum to the top. There are a few key fundamental properties that tend to be overlooked by those who don't understand the value proposition of Ethereum. + +**Issuance of digital assets**: The future economy will revolve around digitized assets, and the ideal monetary backbone should be directly integrated with the rest of the digital economy. This provides simplicity, uniformity and increases the overall potential of network security. There is a correlation between the total value of the digital assets in a network and its capacity to be secured. Having multiple digital assets operating in the network indirectly increase its security. + +**Cost of securing the network**: PoW is an effective yet highly inefficient way of securing the network. PoS not only drastically reduces the operating cost of securing the network, but it also increases the demand for Ether. The resulting reduction of operating cost implies that securing entities are not pressured to sell Ether to cover costs, and that the protocol can be sustained with a lower issuance rate. This creates a multi faceted dynamic that decreases supply and increases demand at the same time. + +**Scalability**: layer zero scalability is extremely important. Second layers can only scale as a factor of layer zero. Sharding will give a much needed layer zero leg room for Etherum to continue its organic network growth until second layer solutions have been fully implemented and optimized. The fact that there are more bitcoins represented in the Ethereum network than the Lightning network speaks for the viability of each system. + +**Issuance**: this is a such hot topic. The main thing to keep in mind about issuance requirements is correlation between operational cost of securing the network and the number of transactions that can be processed at layer zero. The fact that Ethereum does not have a fixed issuance rate and a hard cap is NOT necessarily a bad thing. If we take into consideration the planned enhancements, then we have to assume there is a very high probability that Ethereums issuance rate will remain lower than Bitcoin's for the foreseeable future, and a hard cap may be implemented way before Bitcoin reaches its last incentivized block. + +**External factors**: monetary systems are showing extreme vulnerabilities. Financial systems are likely to undergo immense pressure as delinquencies increase and the value of assets on balance sheets deteriorate. Anti establishment sentiment will continue to grow. Bitcoin halving has just happened, this will drive the overall value of the cryptocurrencies and with it a renewed interest in this asset class. + +Ethereum 2.0 is coming at the perfect time. The flippening is real and it may actually happen in the next 2-3 years. + + +Hi there, newbie here studying options. Option Alpha and Tasty trade talk alot about this idea of selling premium around 1SD (70% approx success for seller). I get the general idea there, but what I don't understand is the following. + +If I'm neutral on all stocks - I don't want to have to guess on direction - what is the difference of selling a put or selling a call on said stock. Both would be the 0.3 delta. + +From looking at the options sometimes the premium is much higher or lower even though they both have the same delta approximate probability of success. + +So why wouldn't I always sell the higher premium? Or why not take both ends at 0.15 Delta each? + +It also seems that best DTE is 45-60 days as sweet spot. + +Thank you for your responses. +So I understand that you buy a deep in the money call to use as your collateral and you sell an out of the money call at a higher extrinsic value. Now what happens if the shares never drop to the strike of the calls you're buying? +**Net Worth: $29 -> $150k** + +**2006 to 2016:** [**https://imgur.com/a/whpff2Q**](https://imgur.com/a/whpff2Q) + +**2016 to 2021:** [**https://imgur.com/a/0eDD9KE**](https://imgur.com/a/0eDD9KE) (accruing and paying off student loans not shown) + +**Teaching your kids about personal finance early is incredibly powerful.** + +It seems so obvious how important it is to learn about money at a young age. Don't spoil kids. Instead, give them a solid allowance for doing chores, home maintenance projects, etc. If they want really something, they'll save up for it themselves. They'll learn to be frugal, and to maintain their things. + +Show them your credit card statement, then explain how credit works. Show them your mortgage statement, then explain how loan amortization works. Show them your retirement account, then explain what stocks and bonds are. Teach them the principles of financial independence. The intuition behind the returns on capital vs returns on labor aren't too complicated. It's better to learn early! + +My parents did all of these things, so I'm assuming that helped. But maybe I was just a weird kid for counting my money every week and writing it down. I resold every console and game I bought. In high school, I put my money from my summer job in an S&P500 ETF... + +Anyway, teach your kids about personal finance. Probably won't hurt them. + +&#x200B; + +Edit: + +Q: Why did your wealth jump in 2020? Why's your Robinhood account so high? Did you just get lucky with a meme stock/crypto? + +A: No, most of that is contributions, not gains. I started a higher paying job in 2020 and invested 80% of my discretionary income, 100% during the market dip. Mostly diversified ETFs. Though I did make a killing on a a few select tech companies that I understand quite well. A lot went into RH because I'd already maxed out my roth ira & 401k. + +Q: How did you make that much money when you were 20? Didn't you have college expenses? + +A: Yes, but I had fantastic software engineering internships. Full-time in the summer, part time during the year. $20/hr in the early years, $42 to $46 an hour in the later college years. I also saved a ton on rent by living with a bunch of friends. Crowded, but fun. + +Q: Wow! Your parents must be so financially savvy! + +A: Nope, actually, they're not. They just knew how to pass on a good work ethic, and were open about the family finances. They taught me the basics, setting me up to be motivated to learn. + +Q: Is this just a [r/fijerk](https://www.reddit.com/r/fijerk/) meme + +A: OK the title is tongue-in-cheek but [I really did count my money every week](https://imgur.com/aq2xtum) + +&#x200B; +Guten Morgen to this global band of Apes! 👋🦍 + +There are so many different things in motion, all at once, and it's getting to be a bit difficult to keep up with all of them. Evergrande continues to collapse in slow-motion, but there is a sense that someday soon it is going to crash dramatically, launching a wave of volatility. Reverse-repos continue their steady upward creep - this week is the end of a month and the end of a quarter, both of which often see a spike in RRP as banks simplify their balance sheets for quarter-end. Will we see it approach $2T? A long-awaited tweet from Ryan Cohen has many apes pricing out their celebration whiskey. And, of course, the appearance of collusion between Kenneth Griffin and Robinhood, let alone the perjury, shows that there may actually be some justice served along with the delicious tendies in store for Apes with Diamantenhände. Is this the week that the DRS and Buys with ComputerShare tips the game outside of the control of the short hedge funds? It sure feels like it could be! + +Today is Monday, September 27th, 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: **$189.70 / 161,86 €** *(volume: 1076)* +- 🟩 115 minutes in: $190.22 / 162,30 € *(volume: 1066)* +- 🟩 110 minutes in: $189.75 / 161,90 € *(volume: 961)* +- 🟩 105 minutes in: $189.50 / 161,69 € *(volume: 928)* +- 🟩 100 minutes in: $189.48 / 161,68 € *(volume: 921)* +- 🟥 95 minutes in: $188.97 / 161,24 € *(volume: 911)* +- 🟥 90 minutes in: $189.91 / 162,04 € *(volume: 891)* +- 🟩 85 minutes in: $190.17 / 162,26 € *(volume: 739)* +- 🟩 80 minutes in: $189.50 / 161,69 € *(volume: 691)* +- 🟥 75 minutes in: $189.25 / 161,48 € *(volume: 680)* +- 🟩 70 minutes in: $189.48 / 161,68 € *(volume: 663)* +- 🟩 65 minutes in: $188.50 / 160,84 € *(volume: 545)* +- ⬜ 60 minutes in: $187.79 / 160,22 € *(volume: 472)* +- 🟩 55 minutes in: $187.79 / 160,22 € *(volume: 471)* +- 🟥 50 minutes in: $187.76 / 160,20 € *(volume: 467)* +- 🟥 45 minutes in: $187.77 / 160,21 € *(volume: 452)* +- 🟩 40 minutes in: $187.79 / 160,22 € *(volume: 417)* +- 🟥 35 minutes in: $187.76 / 160,20 € *(volume: 413)* +- ⬜ 30 minutes in: $187.79 / 160,22 € *(volume: 385)* +- 🟩 25 minutes in: $187.79 / 160,22 € *(volume: 333)* +- 🟩 20 minutes in: $187.20 / 159,72 € *(volume: 132)* +- 🟥 15 minutes in: $187.16 / 159,69 € *(volume: 112)* +- 🟩 10 minutes in: $187.26 / 159,78 € *(volume: 106)* +- 🟩 5 minutes in: $187.20 / 159,72 € *(volume: 99)* +- 🟩 0 minutes in: $187.13 / 159,66 € *(volume: 64)* +- 🟥 US close price: $185.16 / 157,98 € *($185.50 / 158,28 € 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 1.17201006. 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! + +Please use this thread to discuss various methods of filing taxes. This can include: + +* Tax Software Recommendations (give detail as to *why!*) +* Tax Software Experiences +* Other Tax Filing Tools +* Experiences with Filing Manually +* Past Experiences using CPAs or other professionals +* Tax Filing Tips, Tricks, and Helpful Hints + +If you have any specific questions, or need personalized help with taxes that don't belong here, feel free to [start a new discussion](http://www.reddit.com/r/personalfinance/submit?selftext=true). + +Please note that affiliate links and other types of offers will still be removed in accordance with our [Subreddit Rules](http://www.reddit.com/r/personalfinance/wiki/rules). If you have any questions, please [contact the moderation team](http://www.reddit.com/message/compose?to=%2Fr%2Fpersonalfinance). + +Single no kids 26 year old making about 45k. I am currently an apprentice ironworker and will make journeyman sometime next year hopefully and be making 80-100k. 60k is sitting in my savings account. And another 1k in a vanguard account in random stocks. Moved my parents two years ago to save for a house but have decided to wait. I have a 401k set up with work putting 12% in and 4% match. No debt about 150-200 per week expenses. What would be the smartest thing to do with the money knowing I won't be using it for 2 years or so? Isn't it just depreciating by sitting in the bank? An help would be much appreciated. +RC is undoubtedly pissed which was why he made the tweet today. If you read closely, BBBY pretty much told him to F off. Why do I think this? Let’s look at the BBBY press release in response to Ryan’s letter. + +UNION, N.J., March 7, 2022 /PRNewswire/ -- Bed Bath & Beyond Inc. (Nasdaq: BBBY) today issued the following statement regarding the letter from RC Ventures LLC to Bed Bath & Beyond's Board of Directors, which was received yesterday evening: + +"Bed Bath & Beyond's Board and management team maintain a consistent dialogue with our shareholders and, while we have had no prior contact with RC Ventures, we will carefully review their letter and hope to engage constructively around the ideas they have put forth." + +"Our Board is committed to acting in the best interests of our shareholders and regularly reviews all paths to create shareholder value. 2021 marked the first year of execution of our bold, multi-year transformation plan, which we believe will create significant long-term shareholder value." + +——————- +**Look at the last paragraph, BBBY is flat out saying, we have a multi year plan and 2021 was the first year to execute that plan, we don’t need anyone’s input because we already have a “bold” plan** I have been in the corporate world long enough to know that at any time the word “bold” is used in this context, it means they have convinced their over inflated egos that they are unstoppable, untouchable, the shit. + +**Now go back to the first quote which used the phrase “hope to engage constructively”. This is business speak for Meh, we will look it over, and if we like it, we will maybe be in touch but most likely what you have to say is not really worth our time** For those who are more familiar in zoom calls, this is when they say “let’s take this offline”. Which in layman’s terms, STFU, I don’t care to hear about it and we will not be talking about it offline either, just STFU you peeon. + +THIS IS WHY RC IS PISSED. +Long term reader/subscriber but not an often poster :) + +I would just like to thank everyone on this sub, for changing my life. + +Two years ago I had no savings to my name, high outgoings on crap and drinks/drugs. + +Thanks for the posters and advice on this sub I have managed to stop everything and tried to hard to save my money and get a mortgage. + +Today, I picked up the keys to my first house and can finally have my own place, and everything else is looking up. + +I hope others have managed to do what I have done, with the help of this sub. Thank you! +Here’s what I’d do at this point, if I were a short hedge fund: + +1. Accumulate the max number of borrowable shares +2. Liquidate my crypto holdings to get max cash +3. Prime the financial media with “impending squeeze” stories +4. Pick a date before DRS count and option rollovers obliterate me +5. Set up a few shell companies with long holdings to cover my most valuable clients +6. Let it rip into the 400-600 range, knowing institutional holders can’t justify not selling to profit on a 4-6x gain +7. Short it back down again +8. Settle the worst short positions with my newly bought shares +9. Reset the clock for another year + +Poke holes in my theory- assume enforcement is almost non-existent, you’ll never get punished, and you can can print nearly limited FTDs. +Can someone tell me what I’m missing? They say this stock is a short term hold and too risky as a long term hold. How is that true if it’s up 1,500% in the last 5 years and outperformed all other indexs and ETFs? It’s also up almost 20,000% in the last 10 years. + +What am I missing? +This is something I'm a little unsure about. Currently I don't give enough and I know it but once I reach my fire goal I would like to step that up. What I'm torn on though is part of me wants to donate extra money I can make above and beyond my means with my passive income but the other part of me thinks it should be reinvested. Also at the moment I'm not planning on having kids so if I can reinvest and grow it and then ultimately I can have more to give in my will to charity due to compound growth. + +So for those who have achieved fat fire or plan to, what does your charitable contribution plan look like? +Hey everyone + +So I work for the government and we have this thing called flex leave. Basically, when you work extra (beyond 7.5 hours a day), the extra time you work is counted as leave you can take at a later date. According to my organisation’s enterprise agreement, an employee can accumulate 37.5 hours of flex leave before they must take a break and spend some. + +Thus far I have 33 hours of flex leave. I also have three weeks of annual leave. HR keeps on contacting me/my manager to ask me to spend some of my leave, saying that I need to prioritise my mental health and work life balance. When I told them my mental health was fine and that I enjoyed the work, they still insisted my leave balance was too high and they want me to get my flex below 25 hours and only have a max of 2 weeks annual leave accumulated. + +What should I do? I have already pointed out the enterprise agreement but HR won’t let up +I have a debit card under my moms BofA account. She can transfer money in and out as she chooses. I want to start offering my services online to make myself some money without her having access to my money. How can I do that? +The person that Amber talks to says that she's visiting her bank to probably get a mortgage rate of about 0.5%. +Caused by investors buying bonds that return a negative yield. + + +Link to video: [https://www.bnnbloomberg.ca/video/what-life-is-like-in-a-negative-interest-rate-reality\~1751504](https://www.bnnbloomberg.ca/video/what-life-is-like-in-a-negative-interest-rate-reality~1751504) +(use a blocker to skip ads) + +If this even happens in Canada, house prices will go bananas and in the shortest amount of time in history, 95% of kids will be priced out of the market. So parents of 3 kids who owns a house in Toronto will boast about their house value, but 10-20 years later, reality will set in and they will find out that their family are poorer than now, because their 3 kids will be absolutely priced-out, paying rent to the rich and opportunistic investors, until they die. +How is [price](https://cdn.nar.realtor/sites/default/files/documents/ehs-10-2022-overview-2022-11-18.pdf) still up YoY? Mortgage rate has doubled, that means purchasing power has came down by 30% yet price is still up? Cannot make sense of it. +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. +Recently stumbled upon a pretty interesting B2C niche that is highly fragmented. I am acquiring my first business in the sector, and in exchange for putting $100k down (and assuming $1mm of debt), I am getting a business that generated $265k of EBITDA last year. If I do this three more times I will have a business that does $1mm a year of EBITDA only putting $300k down. + +I live on roughly $35,000 per year (single 30 year old guy), but my current job pays well ~$325k / year. Call it $1.4mm of investments, some in private businesses but more in public equities and index funds. + +Give up a job that pays well and I mostly enjoy, or take the risk, be my own boss, and potentially make it big? If I leave my current industry it could be tough to get back into it (very competitve). Strangers on the internet, what are your thoughts? +Just translated something from german wsb. And was asked to post this as a discussion. + +The most important thing is actually **until Friday there** will be another **price** battle in which the short sellers will try to keep as many calls as possible outside the price so that they cannot be executed and the broker does not have to buy them on the market to cover them . +It is particularly critical because **monthly and weekly calls** expire, as far as I know the highest monthly call was **60c 1/29** and **115c 1/29** (left out the new 200c). + +The MM will try everything to push the course **below 60** , **our goal to get to 115** . Until then, **expect massive short attacks** , it will probably be even more blatant than yesterday. Since a price limit is harder to keep higher up, don't be surprised if there is a red tag up until then or the lower limit is 60-80. +For those of you who don't know what is meant, 100xLimit orders at $ 60 are $ 6000 <$ 11500 100x at $ 115 and easier to hold or buy from autistic people. + +And almost most importantly **, put your stop loss out** , the **shortsellers try** to trigger as many as possible with their short sales in order to trigger **a chain reaction of panic selling** . + +Remember **yesterday we saw exactly that** , price dumping at its finest, although almost no short position was powered. + +Should we be **able to hold the $ 115 by Friday** , the banks (! Not the shortsellers) would have to buy an additional 8 million shares to cover the demand for the calls. To achieve this there is really only the possibility 🚀✋🏻💎🤚🏻, + +**Don't be a paper bitch!** + +All figures relate to estimates and information or assumptions and observations from DD from here and the Angelsachen forum. Due to the high trading volume, it is not possible to say how the share is currently distributed !! + +**This is not a financial advice, but an autistic one.** **Always invest wisely and make your own decisions.** + +And now relax America won't open for another 4 hours anyway. + +[https://www.reddit.com/r/mauerstrassenwetten/comments/l56ov7/gamestop\_sammelfaden\_january\_26\_2021/gkt8z0q?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/mauerstrassenwetten/comments/l56ov7/gamestop_sammelfaden_january_26_2021/gkt8z0q?utm_source=share&utm_medium=web2x&context=3) +[Interesting article from Reuters](https://www.reuters.com/article/us-usa-shutdown-agriculture/u-s-shutdown-sends-grain-traders-farmers-hunting-for-data-idUSKCN1P51G3?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29) on the effect missing government data has on farmers and commodity traders. + +tl;dr: Delayed data reporting has led to uncertainty for farmers and commodity traders. +I have been working fully remote since the past 2 months. I am absolutely loving it. I have never worked harder but maybe something about getting back 3 hours of my day ( getting ready, commuting, settling into the office) has made it so satisfying, inspite of the hard work. + +A permanent change that I believe will come about due to the pandemic is a much bigger expansion of WFH (work from home). It’s like this will change working conditions for most folks, especially in tech. + +For me personally, RE is a little less important than maybe 2 months ago. FI is still as important. Not sure if this feeling will change in 6 months. + +Just wondering if anyone else feels this way? +[https://www.marketwatch.com/story/intel-stock-falls-after-report-says-apple-plans-to-debut-its-own-mac-chips-in-2021-2020-04-23?mod=investing](https://www.marketwatch.com/story/intel-stock-falls-after-report-says-apple-plans-to-debut-its-own-mac-chips-in-2021-2020-04-23?mod=investing) + +Apple Inc. is planning to begin selling computers that feature its own processors by 2021, [according to a Thursday report from Bloomberg News](https://www.bloomberg.com/news/articles/2020-04-23/apple-aims-to-sell-macs-with-its-own-chips-starting-in-2021?mod=article_inline). The company intends to debut at least one Mac next year that features the company's own chip but it is working on three processors currently, the report said, indicating that the company "will transition more of its Mac lineup away from current supplier Intel Corp." +[https://www.marketwatch.com/story/intel-stock-falls-after-report-says-apple-plans-to-debut-its-own-mac-chips-in-2021-2020-04-23?mod=investing](https://www.marketwatch.com/story/intel-stock-falls-after-report-says-apple-plans-to-debut-its-own-mac-chips-in-2021-2020-04-23?mod=investing) + +Apple Inc. is planning to begin selling computers that feature its own processors by 2021, [according to a Thursday report from Bloomberg News](https://www.bloomberg.com/news/articles/2020-04-23/apple-aims-to-sell-macs-with-its-own-chips-starting-in-2021?mod=article_inline). The company intends to debut at least one Mac next year that features the company's own chip but it is working on three processors currently, the report said, indicating that the company "will transition more of its Mac lineup away from current supplier Intel Corp." +I graduated from an ivy league law school in 2006 and joined a large West Coast law firm. At the time I was an eager and ambitious young associate, ready to put in the work and impress the partners. I was hungry and I did well. I received good projects, bonuses, travel opportunities, and good reviews. However, it didn’t take me long to realize that being a transactional lawyer basically sucks. Well, to put it more mildly, for me transactional law is not a fulfilling profession. Since then I’ve bounced around various in-house and law firm jobs, both in the US and Asia, looking for the right "fit". I’m 10 years in, and still looking. + +In the meantime, I think around 2011 or so, I discovered the whole FIRE/ERE subculture. My first taste was a news article about the Dividend Mantra guy that claimed you could retire on something like $300k. I then discovered MMM, Lacking Ambition, Mad Fientist and a few other good blogs that pushed FIRE principles. I enjoyed reading MMM in particular, railing against brainwashed consumers and traditional ideas of retirement, breaking things down with simple math and a straight-forward writing style. + +I applied FIRE principles to my life. I’ve spent countless hours managing my investments, tracking my spending, creating spreadsheets, and running models in FireCalc and CFireSim. I’ve also spent countless hours reading blogs by people who have made it to FIRE, dreaming about how awesome my life will be when I make it. I’ve fallen off the wagon a few times, and had a few investments go south, but in general I’ve stuck with the program, and I’m now much better off for it. I am way ahead of the game when it comes to retirement and managing my personal finances. I could probably pull the trigger now with a fairly high confidence level, especially if I leaned a bit more towards the LeanFIRE model (pun intended) or was willing to work part time. + +However, after focusing on FIRE for these past 5 or so years, I’m starting to wonder if I have just been using the pursuit of FIRE to distract myself from more fundamental problems in my life. I realize that FIRE is merely a means to an end, that end being freedom from having to give your time to others. However, I’m wondering if I treat FIRE more like a solution in and of itself. I suspect I may be subconsciously telling myself that as soon as I hit the magic number, everything will be awesome. I further suspect that the pursuit of FIRE may actually make things worse because it distracts me from confronting the real issues head on, and is basically a rationalization for prolonging a negative situation. + +My basic problem, which I think may be shared by many who fixate on FIRE, is that I’m unhappy with my present situation. I spend the majority of my waking hours doing shit that I don’t want to do. My “career” doesn’t add any meaning or purpose to my life. It’s just something I force myself to do every day for a paycheck. So how do I fix this problem? My answer so far has been to count my pennies and dream of the magical nirvana of financial independence. But isn’t this just a temporary distraction? How does sitting around daydreaming about being independently wealthy fix the underlying problem? FIRE won’t make me happy. It will just make me wealthy. And when I get there, the same problem that motivated me to get into FIRE will be waiting on the other side. What do I want to do with my life? What makes me happy? + +I don’t want to distract myself with spreadsheets any more. I want to tackle the problem head on. I want to find my purpose, and just let the money figure itself out. Thanks to FIRE principles I’m a bit richer and I’m not a brainwashed consumer, but FIRE isn’t the real answer to my problems. I’m an unhappy corporate lawyer who feels like his life doesn’t have meaning. What the fuck do I do? Where is the subreddit for finding meaning in life? Getting to FIRE is easy compared to figuring out what makes you happy. + +I’m on the verge of financial independence, maybe within the next 2-3 years. I have no hobbies, no side hustles, no activities that I’m particularly passionate about. I’m just a cog in the corporate machine who has spent the last ten years of his life pushing paper and collecting a paycheck. How do I break out of the machine and find something worth doing? + +TLDR: Pursuit of FIRE is just a distraction from the present problem that I’m unhappy with my situation. How do I find out what to do with my life now? +I was reading about the inflation period around this time and wanted to share a couple insights... + +1. On a top level stocks had negative real returns. This was because multiples crashed; although, earnings grew at 8% and dividend held their own, inflation was 7.8% on average over the period. Stocks yielded 5.6% on average over this period. + +It's important in these times to remember the advice to hold good businesses that can raise prices without losing lots of customers. + +2. P/E multiples on the S&P were cut by almost two-thirds. + +Shiller P/E was about 22 and fell to about 7 over this time period. + +(Shiller P/E is roughly 29 as of today. It's peak was recently at almost 37 in January) + +Keep in mind while valuing business that your average producing company had an average P/E of 7 in a long inflationary period. + +I don't think today's time is the same as then, but it could be and accounting for that risk and knowing what is cheap and what isn't is in our best interest. + +I'm not telling you to sell anything, but if you are allocating new capital or cash this should give you a metric to keep in mind. + +Data is from: A Random Walk Down Wall Street +My thought is to buy mature companies that generate "nice" cash flow and are not as reliant on debt to grow revenue/cash flow (I would expect the fed to raise rates to combat inflation, but who knows...). + +This has me thinking of products/services that people will still consume/purchase the same quantity of regardless of moderate inflation. + +Insurance and Sin stocks come to mind, but what else? + +I am liking PGR and see COST mentioned on here a lot as well. +In a previous post, [*How I find investments that out-earn, outlive, and outperform,*](https://www.reddit.com/r/ValueInvesting/comments/pcp994/how_i_find_investments_that_outearn_outlive_and/) I discussed why moats are essential for a company to have substantial earnings and profit margins and shared a simple three-step process to identify if a company has a moat.  + +In the last part of the process, I mentioned a metric called Owner's earnings and how a company with wide moats will exhibit high Owner's earnings growth. Since then, a few of you have asked me to explain what Owner's Earnings is, why it's better and more accurate than EPS and Free-Cash-Flow, and how exactly it relates to moats. This post isn't going to go through my entire valuation process because I want to dedicate it to explaining Owner's earnings. + +**Key points:** + +* Owner's earnings is the money a company generates selling its product or service subtracted by how much money they need to maintain, but not grow, their existing business. +* Warren Buffett "invented" and uses Owner's earnings to figure out how much cash falls into the business owner's (shareholder's) pockets. It paints a more accurate and realistic picture of a companies' earnings potential than EPS or FCF, especially for high-growth companies like Amazon. +* A company with wide moats and pricing power will have prominent Owner's earnings and vice versa. + +**What exactly is Owner's earnings?** + +Owner's earnings is a metric Warren Buffett "invented," which he first outlined in his 1986 shareholder letter, and has used to evaluate the intrinsic value of businesses. Buffett was trying to figure out how much cash falls into the business owner's (shareholder's) pockets (obviously, EPS and FCF weren't cutting it). Since then, it has allowed him to identify great businesses and subsequently outperform the S&P 500 by an absurd margin.  + +In layman's terms, Owner's earnings is the money a company generates selling its product or service subtracted by how much money they need to maintain, but not grow, their existing business: + +Owner's earnings = Operating cash - Maintenance CAPEX + +When a company makes money, the CEO and management can do two things with it: + +1. Give it back to shareholders (dividends or share buybacks) +2. Reinvest it back into the business (growth or maintenance) + +Which decision they choose will depend on whether or not they can reinvest that dollar to get more than a dollar. If the management cannot generate at least a dollar, then they will (should) give it back to the shareholders. If they can generate a dollar or more, they should reinvest it back into the business so it can grow and earn more money. + +The money that is reinvested has two paths: + +1. Maintain already existing equipment that is necessary to run, but not grow, the business OR +2. In new equipment, R&D, hiring, etc. to grow the company + +When the company can generate a dollar for a dollar reinvested, the money goes in the first direction. That money is used to maintain its existing revenue instead of growing its business. This is known as maintenance CAPEX. Companies that reinvest most, if not all, of their earnings into maintaining the business have high maintenance CAPEX and are capital intensive. + +If the money flows in the second direction and is used to add new income streams, the company will grow. This is known as growth CAPEX. In other words, a company that has to keep using their money to maintain their business will have less Owner's earnings than a company that is using it to grow.  + +If the company uses this money to invest in ventures that will generate a high return on investment (ROIC), it will compound its earnings significantly. Investments that generate high returns lower maintenance CAPEX over time relative to how much their earnings are growing. In other words, the company is building its **Moats**. + +As a shareholder entitled to the business's earnings, where would you like your money to go? I certainly want it to be used to grow, not to stay afloat.  + +**Case study: Amazon and why Owner's earnings is superior to other metrics** + +Amazon is a company known for reinvesting its profits to no end. We now know today that Amazon is a company truly in a class of its own. But if you just looked at Amazon's EPS or FCF since 2000, you would have thought it was an unprofitable company whose future was uncertain. You never really could tell if and when their EPS was going to be negative and that it was only very recently did Amazon become a "good" company. Owner's earnings, however paint a different picture: + +The three [graphs](https://imgur.com/a/Cis6Hdl) are of the same company yet paint a completely different picture. Amazon did not become the behemoth it is now in just 3-5 years. Amazon spent decades and hundreds of billions of dollars building their extensive networks, fleet, marketplace, logistics, and data centers — their moats — which now give them the ability to outcompete pretty much any company. Owner's earnings capture this; EPS and FCF don't. + +**Moats: how it all comes together** + +If a company builds its moats, it is building a structural advantage. By definition, a structural advantage is the by-product of a company that spends more today so it can spend less tomorrow to achieve or earn the same amount of profits — high growth Capex + low maintenance CAPEX = high Owner's earnings. + +Companies that have already built and established their moats don't have to spend on anything anymore and can give those excess profits back to shareholders. Think Apple: How much more money do they make when they release (pretty much) the same phone each year with very little R&D? + +**If Owner's earnings can tell me what a good investment is, why have I never heard of it before?** + +I suspect this has to do with two things. The first is that it's not a standardized, reported line on the financial statements. You have to calculate it on your own.  + +The second reason is probably related to how Wall Street is structured. Analysts, and CEOs alike, are obsessed with EPS — a metric that CEOs can easily manipulate (not going to go into why but think about bonuses).  + +Nonetheless, when you think about how it works, you'll realize how much it makes sense regardless of whether or not Buffett was the person who invented it. + +**Using Owner's earnings to value a company** + +Owner's earnings paint a truer, more accurate picture of a company's moats, and hence its ability to earn lots of money. Use Owner's earnings or, better yet, Owner's earnings per share to figure out how much your shares are really worth and how much money they, YOU, are making each quarter or year. Accumulate as much Owner's earnings as you can for as long as you can — after all, they're YOUR earnings! + +This post doesn't exactly tell you how to determine a company's intrinsic value. To figure out intrinsic value, you're also going to have to project and growth to Owner's earnings. If you guys want I can make another post on that — how to figure out growth rates, do a DCF etc. Although, I must say I don't use DCFs religiously. The important thing is to keep it simple. I usually just take today's Owner's earnings per share, compare that to its price and if the number is greater than or equal to current 10-year yields and has wide moats that I can intuitively understand, I'm interested. + +*I've attached a spreadsheet that helps you automatically calculate, track and accumulate Owner's earnings. I've designed it to help myself think like a business owner and hold myself accountable to become a better long-term investor. I hope it can do the same for you.* + +[https://docs.google.com/spreadsheets/d/1dkoTDNG\_JWeYP-\_GJNW8f\_MVXfDbSWyZPlfTRo28OUM/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1dkoTDNG_JWeYP-_GJNW8f_MVXfDbSWyZPlfTRo28OUM/edit?usp=sharing) +Hello, I'm passing by to drop-off my weekly valuation and to hear your honest thoughts on this valuation report I did on Colgate-Palmolive. This is the second company that I have evaluated so far on this subreddit and I am pleased to say that I have improved the model a lot more since [last week's valuation](https://www.reddit.com/r/ValueInvesting/comments/ktuxoa/any_thoughts_on_this_cisco_systems_valuation/). I plan to do this with all the companies I have in my portfolio (currently 30 positions). The link below will take you to the Google Sheet Valuation Report. Also, you can freely comment below or on the Google sheet shared link. + +Colgate-Palmolive (CL) Valuation: + +[https://docs.google.com/spreadsheets/d/1xAAhptwLbA4kfkLdDvZFWgTVdSTkP6Wip7OaQnk84dQ/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1xAAhptwLbA4kfkLdDvZFWgTVdSTkP6Wip7OaQnk84dQ/edit?usp=sharing) +Apologies if this is a dumb question- are there any inherent advantages of going with either just XEQT or buying the four underlying funds separately (in the same proportion as XEQT) instead? Like is one recommended over the other? I don’t mind spending five extra minutes making four trades instead of one, but I was curious to understand if there is any advantage in doing so? +Hi everyone, + +I am 29 years old and I live (with my parents) in Toronto. I have just over $190k in savings currently and I have it sitting in: + +\- \~85k in an RBC “high interest” savings account + +\- 10k in a GIC earning almost nothing + +\- \~30k in an RRSP + +\- \~67k in TFSA + +So, basically, it’s just sitting there and gathering dust. I’ve been pretty good at saving, but I find investing extremely overwhelming and I just don’t get it. I realize how stupid this sounds and I feel so dumb. I’ve been reading and watching YouTube videos but with all the options and terminology, it’s really hard to wrap my head around how to be smart about investing my money. I just opened an account with Motive so I can at least earn some interest on money that’s just going to sit there. + +A bit more about my situation: + +I make around 62k at my full-time job, where I also contribute to a defined pension plan (so the RRSP isn’t my main source of retirement income for now). I also do freelance work and that adds up to about $10k a year. I put 100% of that income into my RRSP. I am currently looking to buy a condo, but my budget is low (under 500k) and the market sucks, so I don’t know where that’s going to go. Obviously, I want to move out as soon as possible, but living with my parents is letting me save about $30k a year (not counting RRSP savings). + +I guess my question is…what should I do with my money? What would you do in my situation? I am very risk-averse because this is all I have, and it took me over a decade to save it up so I’m very emotionally invested. My income is pretty low and I don’t have a lot of opportunities to raise it at the moment. Sorry if this was very rant-y, but I would really appreciate any help or advice because this isn’t my area of expertise at all and I have no idea what I’m doing. + +Thanks so much! +For those of you who travel in the EU, may be worth checking if you can avoid roaming charges by swapping to another carrier (BBC have an article about it - [https://www.bbc.co.uk/news/business-59930934](https://www.bbc.co.uk/news/business-59930934)). + +More generally, it amazes me how much people pay for phone contracts when they're getting cheaper and cheaper if you look around for SIM only contracts. + +&#x200B; + +&#x200B; +Some context - I’m 23, have a full time job, live with parents, & have zero expenses. Will be in this living situation for the foreseeable future (1-2 years). I’d like to move some money out of my checking/savings accounts and into investments (just don’t know how much).. My current allocation is: + +Cash/checking: ~$9000, +Savings: ~$19000, +401k: ~$8500, +Stocks: ~$5000 + +Obviously this is quite conservative for someone my age, but I was wondering what percent of my money you’d recommend someone of my age to have in each of these accounts. Thanks in advance for your help! + +P.S.: Happy thanksgiving! +Hey Folks, + +I am currently participating in a 401k plan my employer offers. However, I still have 401k earnings from my previous employer. + +I planned on rolling the old amount into my new 401k plan, but I also see an opportunity to open an IRA. + +I do not want to put all my eggs in one basket, and would like advice on the best investment option for my previous 401k plan from my old employer. +I’ve a bit of spare cash I’d like to invest, but it doesn’t quite feel like the right time while markets are still in decline. I’m not looking to time the market bottom precisely, but I’m curious if others would recommend holding tight for a while longer before buying? +I need make back this 3k before Jan 2019 before my parents check it. I have 500usd right now. Can I make it ? How many lots should I use ? Please help. +Did you adopt an adorable animal in the name of charity and WSB? That's great, thank you very much! But please use this mega-thread to share them! We'd like to contain the remainder so we can get back to trading on Monday. +For context, I own 0 dogecoin. + +But as hard as this may be for some of this sub to hear but being a *silly* cryptocurrency is a far cry from being a scam. + +Just months ago people were enraged on here for the popularity of dogecoin as it surged past $.05. + +Maybe this sub shouldn't be so confident in their price predictions and telling others what projects are or aren't worth investing in. + +**edit: Also just want to point out that making or losing money on dogecoin is not the determining factor of whether or not dogecoin is a scam.** This sub will call beef a scam because it's not chicken. +I added this to my front page for some academic discussion, not more politics. + +"Leave if you don't like it!" + +Yup, that's the plan; I just want to see if others feel the same way or if there is some redeeming quality I have yet to see. +Ive heard a lot of stories in this sub of people who make 10% on average a month, but this seems confusing to me because couldn't you just maximize your edge and make much more? + +I understand certain strategies require more liquidity than others and that usually is what causes a strategy to have a fixed amount of revenue, but why couldn't you just apply the strategy to every asset class and then theoretically makes 10% each stock/sector/future>??? + +Logically, if you just traded more frequently, the higher % you would earn. + +Maybe I'm thinking about this the wrong way.. +Everyone has a system and I understand one shoe does not fit all. It would be interesting to know what system/edge everyone here uses for day trading. + +I like to use the 50/100 EMA on a 2m or 3m chart along with ADX to have an idea of the trend and strength. A single big candle crossing both with volume is usually my signal to buy/sell. + +&#x200B; + +Edit: Lots of good info here. Thanks! +I'm not even talking about private groups, like Brookfield or SmartCentres, but infra funds like Oxford Properties or Cadillac Fairview, owned by large scale Canadian pension funds. + +Looking at [this list](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.peievents.com/en/wp-content/uploads/2019/10/30_10_2019_IIGS-Whitepaper.pdf&ved=2ahUKEwjEx6PRxr7zAhVcMlkFHQylAgUQFnoECDMQAQ&usg=AOvVaw0o4sg1hnDZdO_7HNFWPIV1) detailing the largest infra investors in the world, Canada has disproportionate representation- one would think US asset managers and hedge funds or Chinese state banks and construction conglomerates would be dominant, but they're not- Canadian pension funds are. + +Why is this? + +Why do Canadian funds have a tendency towards infra investment? +Wanted to get some insight if anyone has bought investment property before buying their own house? I currently rent right now but, very soon next year I will be comfortable in pulling the trigger to buy my own house. Should I do this and establish myself first before investments? +Hi all, + +I'm a specialist Insurance Adviser and one question I’m often asked is “what’s the difference between TPD and Trauma cover” so I thought I’d put it out there for general education. To really understand we need to bring Income Protection into it as all three are types of disability cover. + +**What is Income Protection?** + +* Income protection replaces your income in the event you cannot work due to any sickness, accident or injury. +* It pays you monthly directly into your bank account to replicate the income you would receive from your pay. +* Enables you to manage your everyday costs of living that will continue to occur regardless of your sickness, accident or injury – your rent/mortgage, food, bills, school fees etc. + +**What is Total and Permanent Disability cover?** + +TPD cover is claimed in the event you are *totally* and *permanently* disabled to an extent that you’ll never be able to work ever again. If you claim on this policy, it’s a medically severe situation and a bit “end game” because the insurance company and your doctors have agreed you are unlikely to work ever again. TPD cover: + +* is payable as a lump sum amount of cover. +* Because it means you’re unlikely to ever work again (aka earn income) we need to ensure that you have access to a large amount of cash quickly to set yourself up for the rest of your changed life. +* You can use the proceeds from a TPD claim for whatever you want. Let’s say you had a car accident and you are now a quadriplegic. It is likely you would use the money to repay debt on your home, modify your home for your changed lifestyle needs or purchase a home to cater to your changed lifestyle needs, as well as pay for other costs associated with your changed lifestyle needs. + +**What is Trauma cover?** + +This policy exists to plug the financial gap that may exist between income protection and TPD cover. +Trauma cover basically says “okay, wow, you’ve been diagnosed with something really bad like cancer, heart attack or stroke, but that’s not necessarily a death sentence and it doesn’t necessarily mean that you’re going to be out of the game forever (TPD) but it is going to knock you about for a couple of years. So, take this money and use it to recover”. Trauma cover: + +* is payable as a lump sum +* is the only type of disability cover that is pre-defined by a specific list of approximately 60 medical conditions. +* As soon as you’re diagnosed with a listed condition, have the formal results and meet the definition of the insurer you get paid out. I’ve had claims paid out within a few days of formal diagnosis. +* is targeted at shorter term, temporary health events as opposed to total and permanent disability cover that targets the long term, severe and permanent events. + +**Think of it like this** + +* If you rely on your income and have no other financial safety net, then Income Protection will form the base of your protection and mean you can still meet your obligations (for me the government and family/friends should not be a financial safety net but that’s a discussion for another day) +* TPD, covering severe medical and financial outcomes, sits at the top in terms of severity and long-term financial need +* Trauma insurance covers serious diagnosis of conditions that hopefully you will recover from but will knock you about for a couple of years. + +**A worked example** + +* I had a client who was diagnosed with prostate cancer in 2008. +Upon diagnosis of cancer the client was paid their trauma cover. Approximately $250,000 deposited into their bank account, tax-free, to do what they needed to do to recover. +* Soon after the trauma claim was paid it became clear the client was unable to work due to the demands and side-effects of cancer treatment. We then kicked off their income protection claim to ensure that monthly income was coming in to attend to the cost of everyday living. +* So at this stage they’ve received their lump sum Trauma claim and also their ongoing Income Protection for as long as they can’t work. +* The client beat cancer and went back to work. +* In 2012 the cancer unfortunately returned. The client had already claimed on their trauma policy and was therefore unable to claim for the same condition twice. However, they were able to make another Income Protection claim we able to pay the mortgage, bills food and other expenses. +* This went on for a couple of years until, due to the nature of the client’s very specific occupation and the unfortunate progression of the cancer, it became clear that this client was unable to do their job and would be unable to do this job at this level ever again. We organised a total and permanent disability claim for the client. +* The client claimed approximately $1 million under their TPD policy. +* Unfortunately in 2014 the client passed away from the cancer and we instigated their life insurance claim. + +**Stepping through the policies** + +One thing I remind people of is that insurance doesn’t mean that you will get better. The most powerful thing this insurance does for you is that it gives you choice and freedom. That client, and countless other clients, have not had to worry about any financial issues on top of their health concerns as a result of the cover. + +The other key is that whilst we can see overlap in the above example (and I've got plenty more examples), there are situations where the policies do not overlap and only one of the policies may be claimable. It is vital to for all scenarios and make sure that all risks are mitigated as best we can. + +I hope you've found this info useful, please feel free to ask any questions. As always note that this is general advice only. + +EDIT: This isn't to say that every person needs all 3 of these policies, that's something that needs specific advice for your situation. +Throwaway account. Spouse (51M) and I (54F) both work corporate jobs, each 200k pre tax salaries plus bonus and RSUs. He’s retiring soon and completely comfortable giving up the cash to live life and spend the days woodworking. I’m more anxious. Job is relatively “easy” but a bit soul sucking. It would be great to retire with my spouse but I’m having a really hard time cutting to cord. My job would be a dream job for many people and it’s a lot of $ for relatively little stress, just the soul sucking part. We have 8MM NW VHCOL, including home at 1.5M, paid off. I know we have enough to live. I just can’t shake the idea of giving up the cash flow and also the risk that “what if?” If need more? + +Edit: This was my first ever post asking for help and I can’t believe how helpful you’ve all been. + +A theme that’s arising is about finding something to go towards, a more meaningful role, or hobbies. That meaningfulness might even just be spending time with my husband while we are the youngest we’ll ever be. I can try for a sabbatical. If that doesn’t get approved, then retire. And if retirement goes badly, I can get another job. +But if life goes badly (me or husband get sick) then there would be no recovering and major regret. + + +Thank you all. +There are so many incredible projects in this space that truly have the potential to change the world, and the internal token of a centralized exchange is valued more than ALL but two of them. I'm not even sure it makes sense to call BNB a cryptocurrency. + +How did this happen? Who do you think are the main BNB buyers? +I got into PLTR early and sitting on 12/31 16c. My thought is to exercise and start selling CC at a price I’m willing to sell at. Am I a fool to start my first wheel on a meme stock? My reasoning is PLTR is volatile, so a good candidate for the wheel, and I am bullish. If I do start making CC, should I start making them on green day’s? Last question, ROI is calculated on my credit/ basis? Example: say credit from CC is 50/ $1600 basis if exercised, so 3% ROI. I have my excel ready to keep records of my (potential) gains, which to me seems half the fun. +Newbie here. Bought in at 132 late last year with my capital being 6000. It's now whittled down to barely 2000 a thin line away from automatic liquidation. What to do? Sell calls to average down cost and take it when it gets assigned? Buy puts to gain more excess liquidity? Just sell? Tis an awful awful feeling this :( +I recently learnt from a couple of friends (long time US residents) that their umbrella insurance application was rejected because they owned properties in South Asia. They asked the insurance companies (AAA, StateFarm, Amica) to exclude the coverage related to foreign properties but they were still denied. They don't want to apply again but hide the foreign property ownership information as it could be treated insurance fraud. Any suggestions on how to go about it? +Hi all, I have used TurboTax in recent years to do my taxes, both the web and desktop versions. Yesterday I received an email from TurboTax that they caught someone trying to file my taxes, they gave me a number to call. The customer support confirmed that someone created a new TurboTax account and tried to file my return, they said it was caught early enough that no damage will be done. They told me I will have to file my federal return on paper, and fill out a IRS FORM 14039 - Identity Theft Affidavit. They didnt seem to share any more info or what the implications are. + +It doesnt make much sense why scammers would use TurboTax Online to file and not some more obscure platform but anyway, any suggestions on what else to look for or things I can do with the IRS ? + +I keep pretty close tabs on my credit report, so I dont think there are any other red flags. +https://reut.rs/2AUTAel + +(Reuters) - Index funds now control half the U.S. stock mutual fund market, giving the biggest funds enormous power to influence decisions and demand better returns at the companies in which they invest trillions of dollars. + +But the leading U.S. index fund firms, BlackRock Inc, Vanguard Group and State Street Corp, rarely use that clout. Instead, they overwhelmingly support the decisions and pay packages of executives at the companies in their portfolios, including the worst performers, according to a Reuters analysis of their shareholder-voting records. +(TLDR/Key stats below) + +Was watching a virtual conference today and a stock that caught my eye was: good natured Products **(GDNP.V)** Link to presentation: [https://ca.finance.yahoo.com/news/sidoti-virtual-microcap-investor-conference-114500823.html](https://ca.finance.yahoo.com/news/sidoti-virtual-microcap-investor-conference-114500823.html). Only 30 minutes, definitely worth the watch. + +They sell plant based packaging for all types of industries (mostly food) that is compostable. I'm all for plant based investments, especially Canadian, but hoping someone can weigh in that knows the consumer packaging or even the recycling/composting industry. + +A few key questions/concerns I have before I go into my findings: + +* Do they have any large scale plant based competitors at this stage that I should be aware about? The CEO mentioned that their biggest competition is the larger petroleum based companies. Is he just downplaying potential competitors in his space? It seems odd that he is not referencing any other smaller plant based competitors - unless there truly are none. +* He talked about downstream recycling/compostability being a concern as it depends on the municipality. Is this truly an issue as the products are compostable (they would just compost normally if thrown in with regular garbage at a dump)? Alternatively, if these products were batched in with other petroleum plastics in the recycling process (as some people may not be able to tell the difference), would this be a nuisance for local municipalities or do they typically have sorting capabilities to handle this? +* He mentioned that an appealing exit strategy/end goal would be to be acquired by an incumbent in the industry. Is this a red flag or a truly viable plan? I've heard investing hoping that the company gets bought out is sometimes not the right approach (but this may be different from a retail investor standpoint). +* If you were to own this stock when they get purchased by a larger incumbent to become their "green" line, what would happen to your stock? + +**TLDR** of presentation/key things that caught my eye: + +* They are trading at approximately 4-5x revenue, which seems extremely attractive. +* Revenue is growing exponentially - they boast a 5 year CAGR of 172% +* Their revenue grew 50% from Q3 2019 to Q3 2020 +* Their plan to expand is to acquire private packaging companies that sell petroleum based products and convert these factories over to plant based packaging products. Seems like a fast way to reliably increase sales with relatively low risk - especially if after the M&A transaction, the existing customer base is 'sticky' (given they could be competitive on price). +* Margins hover around \~35% +* Regulatory pressures will quite literally enable/force this company to be a leader in the future. +* And last but not least, the biggest finding that surprised me (I had to check the math twice): He mentioned somewhere in the presentation that he is expecting anywhere from $17M to $22M for fiscal 2020 (if recall that correctly - I cant seem to find it again). +* If you look at the chart that is shown at the 6 minute mark, the previous 3 quarters only add up to $11.3M, this means they're likely expecting a monster quarter of anywhere from $5.7M to $10.7M. Even on the low end, that's MASSIVE growth. + +Personally, I think I may buy this stock and happy to hear arguments for or against though. It seems like a strong buy but I want to make sure there isn't anything I'm overlooking. +I already swallowed the hard pill of learning I’m not a good trader, luckily it only took about 10k for that to sink in. I have a vanguard I buy SPY with each month but I want to hand the money over to a professional or continue in index fund trading. +I am worried of getting myself into something where they talk me into letting them have an extra 2% above normal (don’t know what a fair rate is) and it screws me over the next decade. Also been reading a lot of articles saying SPY returns will drop hard over the next few years from 8%-3-4 although no one can see the future. If anyone has advice on good funds and what is a fair rate to pay a firm for management I would really appreciate the input and advice. I’ve seen old family friends who lost savings and a huge amount of their wealth in situations I know could have been avoidable if they had someone to warn them. +https://www.cnbc.com/2017/08/24/amazon-says-whole-foods-deal-will-close-monday-prime-customers-to-immediately-get-discounts.html + +Prime members are not immediately going to get discounts according to the Press Release, but Prime will eventually be the WF rewards program and Prime members will get special discounts. +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! +Perhaps a lot of us here hold some GME (myself included) because you believe in it, or just want to hop in on the fun. But I'm having trouble finding logical answers to basic questions regarding the theoretical squeeze. It's a cult over in superstonk and GME subs, can't get straight answers. + +The squeeze theory at it's core hinges on hedge funds needing to cover a massive short that includes millions of synthetic Gamestock shares. When it eventually must reconcile, the share price will moon to 5K, 50K, 500K etc. Per share. Some even believe a single share could reach millions of dollars. (!) + +My question I can't seem to get an answer to is: who actually pays this theoretical megafortune out? If billion or trillions are owed to cover, the hedgefunds go under. The market makers go under, and there's a domino effect. The US economy tanks. Is that the idea? Or the gov steps in for a bailout, which at this scale also would be a catastrophic event. Either way, what would the USD be worth in those scenarios, even if you had millions of it. + +Do apes truly believe the endgame is something like this? Or am I missing something... +Good Morning Apes! + +I see options FUD is running rampant again. Misinformation surrounding them is being pushed to the absolute limits and I just want to say, I saw it coming. I presented a macro view of the GME thesis, and there will be deviations on a day-to-day basis. **This cycle is a months long event and we are only 2 days into it.** + +I knew people would get burned and look for someone to blame. Whether it be me u/criand, or u/Leenixus, nobody said yolo into weeklies. Greed is a powerful motivator. Some people took profits on weeklies and made solid gains that they can use to grow their GME position, some people bought far dated contracts. The difference between them and the people shouting "FUD" is they made money. + +I just want to remind people of what I said Friday before market open. + +[From MOASS the Trilogy: Book 2](https://preview.redd.it/rrue8z4yrj181.png?width=1381&format=png&auto=webp&s=9728c7a976b149ec87a80fc7adb5182a7d481b4d) + +(Yes, I have proofs this edit was made last Friday) + +Options are not evil, they are not bad and they are not FUD. They present retails greatest tool against SHFs, **if used wisely and responsibly.** + +An option is a legally binding and **enforceable** contract for 100 shares. + +I tried to present a **long term, low risk** way for retail to create **their own margin call**. + +Not a way to yolo into weeklies. + +For those of you that didn't listen, lost money, held too long, and are down 80% on options you bought chasing the price action. + +T+2 isn't over yet there is still some hope, but don't count on it. + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +It's possible that the delayed settlement times this week are effecting the covering of gamma exposure but with the arbitrage on GME continuing to diverge I have to ask myself if there any shares for them to cover with in the first place. Liquidity is bone dry. A viewer called up CME and they said no delayed settlements are pushed to Monday, which means if this was effected by a settlement delay that should be obvious on Friday. Happy turkey day, as always thanks for following along. + +\- Gherkinit + +https://preview.redd.it/oi3ty0f7zl181.png?width=690&format=png&auto=webp&s=6c3e2d9f2780d5f2510b1e4f2d225b9ed00b7f6e + +Edit 4 2:57 + +Going up on red candles now? Liquidity gone? ... + +https://preview.redd.it/rhhapektml181.png?width=1599&format=png&auto=webp&s=535c48012a80834e97761adf6f5113d428a14b6e + +Edit 3 2:36 + +Found a floor around 210 seems to be holding support here, still no volume but CV\_WAP continues to diverge. + +https://preview.redd.it/ankdggm3jl181.png?width=1619&format=png&auto=webp&s=1dd10204820d4b7d5f2a6cd4cb25734471e2c38e + +Edit 2 12:23 + +Volume tanked significantly riding down to the resistance at 210. If they packed orders in dark pools we should be approaching the mid-afternoon time where they print. Example: Feb 24 and Aug 24. + +https://preview.redd.it/t2uxr4ievk181.png?width=1609&format=png&auto=webp&s=be57d3dd9d7fb4c9c07cc8a0b0809929bd18fc0d + +Edit 1 10:16 + +Morning double bottom bounce to re-test the 215 resistance. If GEX covering is over we have found a nice support at 215 if it isn't and they have placed orders this morning through dark pools we could see some serious volume come in around 12-2pm. + +https://preview.redd.it/f1ko6rex8k181.png?width=1578&format=png&auto=webp&s=742c39e5b830b9a41cf9b7c4a4d55d769d183263 + +# Pre-Market Analysis + +About 20k volume traded so far and .39% up from close. Today will be telling in regards to sufficient volume. there is still a large discrepancy between this run and previous runs in terms of volume traded. Whether retail buying into options last week and the massive spike in OI drove the price increase and they still have to cover, or if they have been covering for the last two days and are done. has yet to be determined. + +There are some settlement issues with CME due to the holiday as well that could be effecting this as well. + +[https://www.cmegroup.com/tools-information/holiday-calendar/files/2021-thanksgiving-advisory.pdf](https://www.cmegroup.com/tools-information/holiday-calendar/files/2021-thanksgiving-advisory.pdf) + +After yesterdays massive drop there was strong divergence in arbitrage between various markets indicating a lack of liquidity. This happened shortly before the VW squeeze, and is why we have watched CV\_VWAP all these months. + +Shares to borrow: + +IBKR: 30,000 --- 370,000 borrowed this morning + +Fidelity: updating.... + +[GME pre-market 1m](https://preview.redd.it/tp79xhtbyj181.png?width=1632&format=png&auto=webp&s=c954287a2e82da964b429eaec94eb2463fa771a2) + +CV\_VWAP + +There is still some spread in arbitrage going into market open this should resolve itself quickly but if it overcorrects we may see even more divergence follow and to a greater degree. + +[CV\_VWAP @ 15m ](https://preview.redd.it/g8ic0ltkyj181.png?width=2447&format=png&auto=webp&s=28aac0ea911c19ffdc5df6773c4b817c270dc493) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Evergrande is a Chinese property developer. Late in 2021, they were China's largest bond issuer and the 7th largest property developer in the WORLD. + +Fundamentally they create Bucketloads of Chinese Commercial Paper. In July, they started defaulting on interest payments to the bond owners. + +The Chinese government has, until now, bailed out Evergrande by offering to pay the interest payments to Chinese citizens, but international bond owners have still not received any interest payments. + +The lack of international payments has resulted in the value of those bonds plummeting. Evergrande bonds are arguably worthless due to Evergrande's default on bond payments. + +Chinese banks are no longer issuing mortgages to customers who intend to buy property (Ghost Town Apartments) from Evergrand. The Chinese Government has BANNED banks from issuing mortgages on Evergrande properties! The government and banks know what’s happening. Evergrande will not be able to keep defaulting on foreign payments; it has imploded, and will eventually explode. + +&#x200B; + +[Evergrande is down 90&#37; in the period of a year.](https://preview.redd.it/m6txej3ac3z81.png?width=624&format=png&auto=webp&s=2aa4d7372e1f7bf3f3817744ebc014d21b5648f2) + +Insiders at Evergrande started selling off their Evergrande stocks and bonds in Feb 2021, months before the company defaulted on payments. They knew it would happen and offloaded the stock to unsuspecting institutions and individuals who thought they were getting a bargain because the stock was at a low of around $2.00 compared to its ATH of $4.00, which was seen in Sep 2020. + +Even with this insider knowledge, they still sold at an average loss of 60% – receiving just $0.40 back for every $1 they had previously invested, causing huge losses. Shockwaves of that massive sell-off are still echoing around the world. The effects blasted through the world's economic markets. + +Evergrande is currently valued at $0.16 compared to its $1.57 value last year. It’s lost 90% of its share price. + +If (when?) Evergrande implodes, then as a result, the entire Chinese bond market will collapse. + +Many international banks, funds and institutions hold many Evergrande bonds, which are effectively worthless. + +I feel that mainstream media is influencing individual traders to convince them that China is recovering. The Evergrande issue is being downplayed, and news is being silenced. The general narrative is that Chinese stock markets are making a comeback and are now safe to reinvest in. This message is especially effective since the Western markets are tumbling. + +&#x200B; + +[The S&P 500 is down 16&#37; since the start of the year.](https://preview.redd.it/fgsjg7ddc3z81.png?width=617&format=png&auto=webp&s=66463b8e096c2914752d7fe432bbcc654f9c397c) + +&#x200B; + +[The NASDAQ 100 is down 28&#37; since the start of the year.](https://preview.redd.it/will7pzfc3z81.png?width=620&format=png&auto=webp&s=ca47ecc237082064ca6ed4dae6f767397b1849e6) + +The western market tanking is being blamed on the narrative that the Ukrainian War has caused inflation. The reality is that 80% of all USD that has ever been printed was done in the last two years. + +The printed money was used to prop up the banks and institutions that were bleeding due to their foreign bonds becoming almost worthless pieces of paper, but still able to be used as leverage, as long as Evergrande doesn’t go bang! + +Evergrande is no longer allowed to issue bonds, so they have flooded the market with Short Term Commercial Paper to help stay afloat, but they can’t just keep doing that. + +Indicators show that Evergrande is getting increasingly unstable as no one has any faith in their revival. (Why would they?) + +Because they are showing no signs of improvement, the margin requirements on the leverage of those bonds are increasing. + +Particularly, Tether is increasingly stressed by these pressures and increasing margin requirements. The result is volatility. + +[Look at the volatility of Tether, this chart compounds the Tether to it's global purchasing power. ](https://preview.redd.it/yuaym33jc3z81.png?width=550&format=png&auto=webp&s=5584c18801551b39e66cfaa6b2b90882b830b27d) + +&#x200B; + +[This is a coin designed to remain steady at a valuation of 1USD, at one point it depegged dramatically to $0.95 and had failed to get back on the peg \(Green Line\) ever since.](https://preview.redd.it/e24lq944saz81.png?width=897&format=png&auto=webp&s=921513c7fa39aa98962c197c7e6629e7bc945ec0) + +Сryptocurrencies are bundled together and symbiotically linked due to the swaps and derivative markets. + +Some of those institutions that algorithmically trade and swap the derivatives of the Сrypto market also use their “AI Algo” on Wallstreet. For the algo to function effectively, it needs to hedge on the opposite side of a bet, meaning most of these companies who use AI to trade for them have to “short sell” to win a little by backing both sides of the bet. + +The AI found a hack. It realised if it could reduce a stock value to less than $0.01 (Cellarbox), it could dramatically gain substantial profits, and if it could also bankrupt it - they don’t need to pay taxes on the income. + +The AI is connected via ‘signals’ to many news outlets, who in turn create automated articles based on those signals to influence the market and the stock prices. + +Many stocks, especially retail stores, were bundled together into a derivative and manipulated, but our beloved GAMESTOP broke the algorithm. The players beat the AI at its own game, and the mainstream media is trying to blame them for breaking the markets. + +Quick recap: Evergrande is slowly bleeding; as a result, institutions are suffering, and margin requirements for them are increasing. This means they have increased margin requirements, and these requirements are creating stress on the financial markets, which is creating volatility. + +With me so far? + +As Evergrande and all the associated Chinese Commercial Paper continues to decline, then, as a result, the Сrypto markets will plummet with them. For example, If (when?) Evergrande goes boom; then Tether will not just dive 20%; it will go to ZERO! + +Let me clarify: WHEN Evergrande files for bankruptcy, Tether will go bankrupt. + +The majority of all Сryptocurrencies will plummet due to the derivatives and swaps that the AI Algorithms are trading. + +[Nearly all Сryptocurrencies behave similar to BeeTeeCee, and are plummeting rapidly.](https://preview.redd.it/pzznxfcnc3z81.png?width=672&format=png&auto=webp&s=b071f50d9eebe208857d8bcbff3332589069a9e9) + +NASDAQ, S&P500 and major financial indexes will continue to tumble. + +Trading volume will tumble with it, as real people don’t like volatile times, and our flight or fright instincts kick in. + +Flight people will be dumping all kinds and won't return until it is all over. Frightened people will just freeze and effectively hold through it all and do nothing - they will lose some of their equity because some of their holdings will go bankrupt. + +A few will try and fight whoever remains in the arena, including the robots. + +There will be less volume. Reduced volume means less liquidity. Less Liquidity means we may see halts very regularly. + +It will get shitty. Some Сrypto exchanges will go bankrupt, taking people’s savings with them. Some unscrupulous executives/insiders of those exchanges will disappear like rats with whatever they can get their hands on. + +Come on Gamestop! Get your non-custodial wallet, with minimal transaction fees, out of beta NOW - the world needs it, we need a safe haven for our LRC and IMX! + +I think it’s important to understand the fight has begun, but it’s nowhere near over. + +I would estimate we have seen about a 10-12% correction. The final correction size is anyone's guess, but my finger in the air guesses are between 20% (low) or perhaps as large as 70%. So we could be in round 1 of 2 or round 1 of 7. + +The crash will destroy confidence. Especially when the idiots realise they created this themselves by letting the AI Algos loose on the markets. + +Throughout this process, big institutions will get margin called. They’ll be unable to make the margin requirements and will slowly be liquidated. For example, I estimate HSBC Bank holds about 60% of its stocks in Chinese Companies, which will shortly be practically worthless. BOOM! + +Did you think Lehman Brothers going under was monumentally devastating? + +Events like this will create a chain reaction that will look like the world's end. People will likely hurt themselves. + +Ken Griffin what the fuck have you done? You are the textbook definition of a financial terrorist! + +[Don’t dance, don’t say I told you so, be humble and do your best to help whoever you can.](https://preview.redd.it/0iuqqokvc3z81.png?width=664&format=png&auto=webp&s=9a09ea851f5cc182784b24b71861f7e5f30bfd24) + +As these BIG institutions go under, then the value of ALL BONDS will be affected because The liquidations will destroy confidence in all banks and institutions. We’ll see massive sell-offs of commercial bonds before this becomes mainstream global news. + +Any company that has issued bonds will see interest payments rise steeply. That will cause similar problems to what we see with Evergrande. Those effects will reverberate around. + +We could likely see defaults in companies who provide REAL things and services as their holdings (profits from over the years of operating) may be stored in those same bonds issued by companies and will be reduced to zero as the issuer goes bankrupt. Any loans on those financial assets could also be called in. An issue like this can cause actual cash flow and payment problems for the operating company. + +This process will not take days, it will be drawn out over months and months. Here’s why; if a company wants to liquidate, they have to take financial advice first. That consultation process takes about 60-days. They then appoint a liquidator who instructs the people they owe money to that they’re “going under”, and then the process cascades to their suppliers, etc. + +There will be very little funding or loans available to help companies who are struggling, and they won't print more money because that’s what got us in this mess. + +Please understand that this crash won't just affect the financial markets; jobs will be lost everywhere. Right now, not many people are even aware we are in a global crash, but it will get so dark that everyone (unless they live in a cave) will know. This is still only the first round. + +Unemployment will rise, and “arr/antiwork” will seem distant and beautiful sub to reminisce about. + +Companies that survive will have to reign in dividends, cease stock buybacks and cut spending. The smart ones will keep a healthy cash balance and have organised loans for the shitstorm that’s about to hit. (Sound familiar?) + +The whole market will collapse. + +There is hope; Out of the ashes, a phoenix shall rise. + +The next generation of trading and exchanges need to be transparent – no fraudulent transactions – no naked shorting – no darkness – lit everywhere. + +All transactions will be recorded in an open ledger which is entirely transparent and readable by all. + +No more automatons operating in the darkness, running wild, controlled by some Mickey mouse operation who arrogantly believe they are too big to fail. + +A group of sorcerers have teamed-up up in the embodiment of Ryan Cohen and his newly formed team. I have faith he is strong enough to hold the weight of the clean-up task ahead. + +&#x200B; + +[You see it with your own eyes. You’re here right now, and you’ve just been on a journey with me to the future.](https://preview.redd.it/64ely3r0d3z81.png?width=445&format=png&auto=webp&s=1549e84866b0e07e588f927c4cdd8588d7d4a612) + +Try to keep this secret, but share it with your loved ones. Let’s keep them safe. + +TLDR; Evergrande is going through a SLOW liquidation. Firstly, this allows banks to offload some of their bags. The slow decrease in value also means the margin requirements required to cover the decline in value of the stock increase slowly. They are causing Volatility. Many institutions holding these shitty bonds, trading Сrypto, operate short baskets, and that’s why there’s high volatility as the market goes through a slow crash. We are potentially 15-50% through the crash at this point. The full crash will ignite the world, and new systems will be built that will try to prevent a crash like this from ever happening again. + +Edit: Grammar, typos, formating. + +Edit: Wording, Typos (LRZ/LRC) + +Edit: Added Tether/USD chart, as requested. +The last of the big 4 to do so. + +With settlement in July, thanks to the suggestions from this sub I'm glad I paid for rate lock! Saved myself $4000 in interest over the 4 year period. +Here's what they might do this week. Notice how Goldman Sachs are saying that GME might crash the market? They are going to do it and scare us into selling GME. At the same time **blaming us for the crash to get public support for more government regulations against us!** + +I'm a pretty smart ape and that's what I would do. + +Notice how GME has been going against SPY lately? It might reverse to tank all together this week when they sell their long positions and short GME at the same time. But have no fear fellow apes. Just hold onto that bananananana and GME will eventually come back up. In shorting even more they are incurring a much higher interest day after day. + +I would just ignore the market this week and do something fun to relax until you hear about the squeeze has squoeze. +https://www.livemint.com/mutual-fund/mf-news/sebi-notifies-exit-load-on-redemptions-from-liquid-funds-within-7-days-of-investment-11571197559280.html + +>The Securities and Exchange Board of India has accepted the graded exit load recommendations prepared by the Association of Mutual Funds of India (AMFI) for redemptions in liquid funds within 7 days of investment. + +>The move is aimed at deterring corporates from using liquid funds to park their money for very short periods. Big purchases and redemptions from corporates can amplify the risk in these funds for retail investors, especially in times of poor liquidity or credit concerns in the debt market. + +>The graded exit load has been set at 0.0070% on redemption on day 1 after the investment, 0.0065% on day 2, 0.0060% on day 3, 0.0055% on day 4, 0.0050% on day 5, 0.0045% on day 6 and 0.00% from day 7 onwards. + +>The graded exit load will also have some impact on liquid funds which were offering ‘insta-redemption’ such as Axis Liquid Fund, HDFC Liquid Fund, IDFC Liquid Fund, Nippon India Liquid Fund, DSP Liquidity Fund, ICICI Prudential Liquid Fund and Kotak Liquid Fund which offered redemption within 30 minutes of giving the request up to ₹50,000 or 90% of the amount in the fund, whichever is lower. Such redemptions would have to pay the exit load if made within the first 7 days of investment. +Reddit is dominated by popular opinion, while in theory in order to beat the market you need to realize where popular opinion is wrong. There is no barrier to entry in this subreddit, and any filthy casual can share their opinion. Therefore, most suggestions here that would be profitable are likely unpopular and might be downvoted. +Looking for a list / site of TSX-listed ETFs. I guess basically something similar to ETFDB.com but Canadian. + +Does such a thing exist? I’ve tried googling but haven’t come up with anything. I’m also an idiot though so might be missing something obvious. + +Any help is appreciated! +Whats everyone's opinion regarding brookfield and their earnings coming august 6. The stock was looking good last week until friday. Do you think its time to buy now at their discounted price or after earnings before dividend announcement ? Right now its currently trading below the stock buy back price so if it does do bad can we just sell the shares back before aug. 28 ? +My conclusion to the entire podcast is that Robinhood is facing bankruptcy. + +Given their stock downtrend, it looks like Robinhood executives have decided that Robinhood needs to get in front of the cameras to try to get some users back somehow. + +Robinhood has initiated the podcast. They reached out to the podcast which proves this. + +Given that Robinhood reached out to the podcast, they couldn't really negotiate what to discuss and not to discuss. That's how desperate they are. Those guys covered a lot and made some nice digs at Vlad and Robinhood including "why don't you quit so Robinhood can rebrand without you". + +If they're that desperate, it means they're facing going out of business within the near term. + +Vlad tried his best but he only made everything worse. So i see Robinhood being absorbed by another broker or something of this nature. +Front page of coinmarketcap right now... Almost 98% of coins are GREEN. How the FUCK is this shit possible and how the FUCK is it sustainable? At what point does the bubble burst? Put your money into any random alt shitcoin and it's bound to go up. This is scaring the fuck out of me... About to move everything into ETH. +The IRS has selected the following contractors to carry out this program: + +CBE Group: 1309 Technology Pkwy, Cedar Falls, IA 50613 + +Conserve: 200 CrossKeys Office park, Fairport, NY 14450 + +Performant: 333 N Canyons Pkwy, Livermore, CA 94551 + +Pioneer: 325 Daniel Zenker Dr, Horseheads, NY 14845 + +These private collection agencies will work on accounts where taxpayers owe money, but the IRS is no longer actively working their accounts. The IRS will give each taxpayer and their representative written notice that their account is being transferred to a private collection agency. The agency will then send a second, separate letter to the taxpayer and their representative confirming this transfer. + +[Source](https://www.irs.gov/uac/newsroom/new-private-debt-collection-program-to-begin-next-spring-irs-to-contract-with-four-agencies-taxpayer-rights-protected), at IRS.gov. +I’m back to working my 2 jobs to the full-time that ive previously done. However, its barely dawn on me that ive been working 2 jobs or more for about 6 years. I’m still exactly where i am hustling and busting my butt yet i feel like i’m going no where and as i get older i’m getting more and more tired of it. + +Ive been learning more skills. Self teaching myself excel and spreadsheets, along with bookkeeping and other admin stuff to get my hands on to be more valuable but nothing so far, granted now things are probably worse to find work. + +However i’m starting to lose hope to get out of working multiple minimum wage jobs to barely survive. Its slowly letting depression creep up on me that is effecting my relationships, self worth, and my overall emotional status. Mainly due to getting up early and closing shifts at night daily. + +I feel like trades are the only way out but honestly i’m the most weakest glasses wearing, dorky, and no muscle man millennial. Welding, working with my hands, construction, i know for a fact isn’t for me, i’m genuinely not cut out for something like that. + +I feel lost and wonder if others have been in my shoes and what they have done. + + +EDIT: Whoa! I didn’t expect this to blow up so hard! Thank you all soooo much for all of your replies! I promise i’ll read as much as i can and reply as much as i can! (Sadly i posted this before bed as i finished 2 rough shifts haha). I’ll be able to reply on my lunch break more personally, but a bit more detail on me. + +I work as a front desk agent at a hotel property. I am also a sales coordinator (conducting the meetings, group meetings, group blocks, talking to clients, drafting contracts, warm calls, and being the general lead hello and let me show you what we offer salesperson.) + +My second job is a basic sandwich shop you know bare bones minimum wage. There was also a time i worked in a grocery store at the same time as well, but i left that because the work environment. + +Ive been self-teaching myself bookkeeping for about a year or so, the process has been slow but its going okay i think. I��m also learning quickbooks on my own. Learning to code has been on my mind recently, although i’m not entirely sure where to start to ACTUALLY practice. Like bookkeeping and quickbooks, grab some books on bookkeeping, learn terms, play with the quickbook software. With coding, i don’t know what softwares to even begin with or install to put the foot in the door to practice. + +I simply can’t thank you all for all of your replies and information. Its giving me the greatest tool i could wish for, hope. :) i’ll reply as much as i can to people before my shift starts! +u/Plaregold This user posted the following in a different post, full credit goes to him for inspiring this post. + +*"1989: the rate was at nearly 10% when the yield inverted in March 1989. Between that time and March 1991, the rate dropped to approximately 6% and continued to drop to approximately 3% where it stayed until March 1993.* + +*2000: The rate was around 6% in April 2000. By September 2002, it was at approximately 1.7% and continued to drop to under 1% til April 2004.* + +*2006: The rate was around 4.5% in January 2006. Rates would continue to rise to approximately 5.25% in July 2007 and drop to zero or near zero rate and hold those rates until 2015 before it started to rise.* + +*Our current rate is between 2.25% and 2.5% and the Feds are already pressured to not raise the rates in the near term. If a recession hits, we have basically exhausted the Feds lowering rates as a tool to spark economic recovery."* + +This is quite a disturbing trend, and if it continues, eventually we'll be at 0% interest rates in the middle of a massive recession. Then what? + +* The Fed prints money to reflate the economy and bring back liquidity? +* Is the possibility of hyper inflation or even stagflation a reality we could be facing? +* Could we be running into a "lost decade" like Japan did, or are demographics too different for that to happen in North America? + +This is a scary time to be an investor. My only solace is knowing the market has been through way worse and recovered. The difference this time though is our historically low interest rates. Not sure if we've ran into this problem before and how it was overcome if we did. + +These are questions I've been asking myself, and I'm not smart enough to know the answer. Hope someone here knows enough about economics and the stock market to provide some clarity on what we might experience in the next 2 years if we continue down this path. + +&#x200B; +We aim to show the world that a strong community can take an alt coin from obscurity to becoming a global force to be reckoned with. The longer you hold Supermoon the more supermoon you gain for free. + +How Many Tokens Are in Circulation? + +Supermoon launched In May 2021 with 1 Quadrillion tokens in circulation. 50% of the total supply was burned on launch leaving only 500 Trillion tokens in circulation. + +What Are the Tokenomics? + +There is a 10% tax on every transaction which is split in a weighted distribution between all holders. + +5% to Holders + +Every time a transaction takes place, 5% of that transaction gets distributed between all holders. Holders earn passive rewards by holding Supermoon in proportion to the amount of tokens they hold. + +2% to Liquidity + +Healthy levels of liquidity will help reduce the price impact every time someone buys or sells. The feature will take 2% of every single transaction and add it to the liquidity pool, ensuring there is always enough liquidity for trading. + +3% to Burn + +Burning tokens will reduce the circulating supply over time, which may result in the value of the token increasing. About 3% of each transaction will go to a burn wallet, continuously reducing the circulating supply over time. + +These smart tokenomics can create a continuously rising price floor, and benefits early holders by growing their balance through static reflection. + +What's in the Roadmap? + +● NFT Marketplace +● Astronaut Scholarship Program +● iOS and Android Games +● Liquidity Farming +● Payments App +● Merch + +Telegram: https://t.me/Supermoon_Finance + +Contract: 0xfAEFe2e0D056243060A6f640d5735CAE307001C4 +I love to golf. Unfortunately, my schedule does not love me golfing. With family and work, I have very few opportunities to make my way to the course and spend the 4+ hours there. Enter my somewhat crazy idea... buy a golf simulator. I'm not talking about the ones that run a few grand and aren't particularly accurate. I'm thinking of spending the $50k+ for a top of the line simulator. + +Obviously, these aren't accessible to most folks (hence why I'm posting here) and would likely be the only meaningful chance I'd have to golf on a regular basis -- maybe an hour or two at a time. It also seems like it'd be a fun way to host friends, have a bit of side action while watching a game/grilling, etc. For those (if any) who have used and/or own one, was it worth it? Do you find yourself actually using them? I'm aware there are golf sim communities online, but asking them is like asking an audiophile about headphones -- the expectations and desired features are just completely different. I'm looking for casual fun that's accurate, not to fine tune my swing or anything. + +Aside: I understand this is a very niche topic, so I completely understand if the mods close this. +I feel like most folks have heard of the answer, and never believe it, until it happens to them. + +But for those who haven't fatFIRED, and dream of it / working towards it, please share your feelings pre / post fatFIRE for us! +We NEED food. Yesterday. I keep planning to go and one time I even went and just stood outside and couldn't bring myself to go in. How do I convince myself to go in? Planning to try again Saturday... +Hey there, + +What do you guys think should be the Indian bets for EV and renewable energy? + +Renewable- Is Adani green overvalued? +Thoughts on TATA power? + +EV- Seems like only TATA motors and Mahindra are good bets here? Anything on these? + +Battery and Li- From what I know batteries in China are made dirt cheap. (Interned at an e mobility start up) + + +What are the other big sectors to look forward to? +If I buy some raw material for ₹8000, I am buying some value here + +Hence I'll pay GST on it say 5% + +My total cost is now ₹8,400 + +I will add some value to it + +Now I will sell it for ₹10,000 + +And consumer will pay 18% GST on it + +So consumer will pay me total of ₹11,800 + +But consumer is paying a tax on 10k which already includes cost price ₹8400 which had tax component ₹400 + +Then isn't consumer paying tax on tax? +I've been taking Aswath Damodaran's Valuation classes on Youtube, and want to calculate the implied equity risk premium for the Indian markets. For that, I need to find the above mentioned data. Any inputs would be highly appreciated. Thanks. +Hi, + +I am 29 y.o. italian, currently living in Switzerland. During the last months I have been able to save most of my wage (in part because of corona, which removed most of my leisure expenses). Now I have around 45 thousand euros in savings, which I do no plan to use in the short and mid term. + +For this reason, I am considering to invest 30 thousand in VWCE (leaving the rest as an emergency fund). The idea would be to, after that, invest around 600€ (what I can save per month) in VWCE every month for a period of about 15 years. + +However, I come from an environment in which investment (outside of savings plans) is not common, none of my friends or relatives invest in the stock market. I would say that all of them distrust the stock markets and have a big fear of volatily (of losing money). For this reason, despite having read a lot of posts in this subreddit and similar subreddits claiming that investing in a well diversified index for a long period is a wise option, I feel a bit scared. + +This fear, in part, is driven by my friends and family, who show me their rather pessimistic view of the markets with arguments such as: the existence of a great euphoria in the financial markets that is not found in the real economy, which is driving stock prices too high, and that this dissonant euphoria will lead to a strong correction in the short-medium term. + +So, even if it may sound dumb, I would love to hear the opinion of more informed and rational people when it comes to finance, as a way of having a second point of view and reaffirming my decision.Hence, what do you think? Do you think I am taking a wise decision? Would you change anything regarding my plan? + +Thanks in advance. +Hey all! + +I am an Icelander currently living in Malta. My long term goal is to live and work in several different countries, many of them within the EU. +I am currently using Revolut but it does not seem to offer any options for savings accounts and from what I can tell I will never be eligible to take a loan anywhere while all my money stays with Revolut. + +I was wondering if I could get some general advice for banking within the EU, is there a better option than Revolut? Should I just transfer money to my Icelandic bank every month? General advice for saving while living all over the place, or all over the EU at least? How should I plan for my retirement? +Hello! + +&#x200B; + +34 yrs old guy here. Decided to invest, to create some security. Please bare in mind, not even a week ago I didn't even know I could invest. I thought that's just for people with loads of money :) + +My eyes opened by randomly stumbling on Mark Tilbury's video on Youtube. I can become financially secure actually. There's always a path to that. + +&#x200B; + +Anyways, I was not lazy and I did a bit of a research on my own. However, I wouldn't mind if you explained me like I was 12 year old if needed. + +&#x200B; + +I have just applied for an IB account. I can invest 1500EUR initially, later on 100 - 150EUR monthly. + +&#x200B; + +1. Currency I would send money on IB is in EUR. So, my preferred market to buy ETF's would be in Euros to avoid currency change to USD, right? That market happens to be Amsterdam? +2. I'm interested in SP500 ETF, domiciled in Ireland, accumulative. That way I'd get the best taxation treatment? +3. I'm from Croatia. If I investigated taxation correctly (I'm actually also new to financial lingo and how taxes actually work.): I should not pay any taxes at all. Fund (domiciled in Ireland) pays 15% to USA, my dividends are not paid to me but reinvested back into a fund. Correct? +4. Is there such an ETF on AEB market I can get on IB, or should I simply convert to USD and stick with VUAA or CSPX? + +Thank you!!! +I live in Romania but have a Polish citizenship. + +I'm looking for a trustworthy broker based and regulated in an EU country other than Hungary, Poland or Bulgaria, due to dubious rule of law in those countries. + +I have over $400k invested with Interactive Brokers UK but I will not let them transfer my account to their Hungarian entity so after December I will probably not be able to buy through them. Besides, I was thinking about splitting my investments between brokers for extra safety anyway. + +I expect to invest about $200k per year, in quarterly instalments. Generally, I buy 1-3 big ETFs each quarter and plan to hold it for the foreseeable future, so high fees are not going to be an issue for me, as long as they are flat or capped. + +Degiro would be perfect but they don't support Romanian addresses. (And while I could easily pretend to live in Poland, I'm not going to give false information to a financial institution just before sending them my hard-earned money.) + +Searching this sub, people have been recommending XTB (based in Poland) and Trading212 (Bulgaria) but not much else. + +Throw-away account so that I can post all the details above. +Hi All, + +There are a few ideas that I'd like to trial for online companies. I'm not planning on paying myself a large salary (if any) from these ventures, and most of the money would stay within the companies to help them grow. + +I'm a resident in Sweden, but it is not a very friendly country for starting a business. Since the business will be primarily online, I was thinking that it might be more intelligent to start the company in another country. + +Looking at CIT within the EU, it seems that Hungary would be an obvious choice, but I'm not sure what I might be missing. [https://taxfoundation.org/corporate-tax-rates-europe-2019/](https://taxfoundation.org/corporate-tax-rates-europe-2019/) + + +Some of my questions surround the specifics of operations occurring in different countries and what that means for taxation. IE if there is labor coming from Sweden (me) that I am doing for free, or even products that I am packaging and shipping then can the company still be located outside of Sweden? Is there anything illegal about this? It seems like all the larger companies are doing this, so I'm not sure why I shouldn't. + +Is anyone else in this same situation? Would love to chat with someone about this. +Hi, + +So I've spent the entire weekend studying the theory behind investments, read a fair deal of threads here, in /r/Finanzen, and several other external forums and blogs as crosslinked. + +That is because, as many others, I'm entering this world to stop wasting away my saving with inflation. + +After all that reading I'm pretty much convinced in putting everything minus an year of salary worth for extra security (this may change later) in a MSCI Core World Accumulating ETF and call it a day. I'm keeping it short here but it makes sense for the amount I'm investing and the taxation where I live. + +However the last doubt I have is why **nobody** is talking about the "Momentum" ETFs like for example: [iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)](https://www.justetf.com/de-en/etf-profile.html?isin=IE00BP3QZ825) + +Even using search, I found a few threads where it just talks about multifactor funds or generic discussions on whether it matters or not to have *multifactor* ETFs on top of a base World/All World. + +Many people seems to add an Emerging Markets fund, or a Small Caps, despite them not showing a history of significantly better results than a global one. Nobody seems to care that there are funds like the one linked above that for the last 10 years seemed to consistently have had stellar results, more than twice as high as MSCI World based ones for example. + +So I'm asking the reddit community: what's the catch there? The historic returns are much higher than the Core funds I'm about to buy, they have a 5 star Morningstar rating (which for what I've understood it monitors the returns vs the risk), and their cost isn't crazy higher in comparison (0.3% vs 0.2%). + +So what is the reason nobody talks about them, or put them in their porfolio even in part? There must be something, it looks too good to be true. + +I understand they should be more risky somehow (still need to study exactly why), and the bullish market of the last years (and of course in general the fact that the past doesn't predict the future) makes getting excited by the past returns not very smart, but still. Total silence? + +Thank you in advance for anyone who would take time to explain this to me. This is as I said the last doubt I have before going in. +Everyone in this sub is likely aware of ALPP. It ran from 0.05 to $9 last year. + +Finally, Nasdaq uplisting seems like it's round the corner. ALPP themselves tweeted a logo change a couple of days ago, with the caption 'Time to embrace change'. + +'Embracing change' is a Nasdaq slogan which you can see in big letters on their website. + +This is not a coincidence! This is your chance to get in now before the official announcement. + +Also - Their subsidiary (Vayu) made their first commercial drone delivery today. This shows their drones are real, in use, and demonstrates the market for drone food delivery. + **KEY POINTS** + +* **DoubleLine CEO Jeffrey Gundlach said the market could retest its March low as investors could be underestimating the social disruptions from the coronavirus.** +*  **“I think a retest of the low is very plausible,” Gundlach said. “People don’t understand the magnitude of ... the social unease at least that’s going to happen when ... 26 million-plus people have lost their job.”** +* **The so-called bond king revealed he just initiated a short position against the stock market.** + +&#x200B; + +http://www.cnbc.com/2020/04/27/jeffrey-gundlach-says-a-retest-of-the-low-is-very-plausible-market-underestimating-social-unease.html + **KEY POINTS** + +* **DoubleLine CEO Jeffrey Gundlach said the market could retest its March low as investors could be underestimating the social disruptions from the coronavirus.** +*  **“I think a retest of the low is very plausible,” Gundlach said. “People don’t understand the magnitude of ... the social unease at least that’s going to happen when ... 26 million-plus people have lost their job.”** +* **The so-called bond king revealed he just initiated a short position against the stock market.** + +&#x200B; + +http://www.cnbc.com/2020/04/27/jeffrey-gundlach-says-a-retest-of-the-low-is-very-plausible-market-underestimating-social-unease.html +So my wife and I found the house we liked and put in an offer that got accepted. At that point I already had a pre approval letter from Bank1 with a rate I was not happy about. I checked with Bank2 and they were going to do 4.1%. I went to Bank3 the next day. Rates seemed to be better. I got 4% with $500 towards closing. I called Bank4 that day and told them the offer from Bank3 and they locked us in at 3.8 with 1.7 points that they will cover at closing. This is amazing news. +Just wanted to share. That all this is negotiable and can save you hundreds per month depending on the loan amount. +Guten Tag to this global band of Apes! 👋🦍 + +Today is the day. +Today is the final day to purchase shares before the split by dividend. +When the markets open tomorrow, each share today will be represented by 4 new shares. +While GameStop has plenty of shares to cover the obligation for the legitimate shares, the institutions who have naked shorted GameStop have a serious problem on their hands when the time comes to deliver. +If the price action this week is any indication, they are in an impossible position. + +I've been very interested in the Critical Margin Theory, as I'm sure you're well aware, and yesterday's upward breakout seems to have triggered a similar response, though less egregious as past instances. +While the price appears to have closed above the previous short attack trigger points, the real measure of the Critical Margin Theory is when the institutions start to fail their margin calls. +Will that happen today? +Will we begin to see them topple right as we reach the splividend? +That would be quite a poetic moment in this saga. + +Today is Splividend Thursday, July 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: **$156.77 / 153,71 €** *(volume: 1908)* +- 🟥 115 minutes in: $156.77 / 153,71 € *(volume: 1808)* +- 🟥 110 minutes in: $157.35 / 154,27 € *(volume: 1674)* +- 🟥 105 minutes in: $157.36 / 154,28 € *(volume: 1581)* +- 🟩 100 minutes in: $157.72 / 154,64 € *(volume: 1355)* +- 🟩 95 minutes in: $157.71 / 154,63 € *(volume: 1185)* +- 🟥 90 minutes in: $157.69 / 154,61 € *(volume: 1169)* +- 🟥 85 minutes in: $158.19 / 155,11 € *(volume: 1157)* +- 🟥 80 minutes in: $158.39 / 155,30 € *(volume: 765)* +- 🟥 75 minutes in: $158.41 / 155,31 € *(volume: 765)* +- 🟩 70 minutes in: $158.48 / 155,38 € *(volume: 758)* +- 🟩 65 minutes in: $158.42 / 155,33 € *(volume: 627)* +- ⬜ 60 minutes in: $157.84 / 154,76 € *(volume: 627)* +- 🟩 55 minutes in: $157.84 / 154,76 € *(volume: 607)* +- 🟥 50 minutes in: $157.63 / 154,55 € *(volume: 587)* +- 🟥 45 minutes in: $157.66 / 154,58 € *(volume: 566)* +- 🟩 40 minutes in: $157.73 / 154,65 € *(volume: 566)* +- 🟥 35 minutes in: $157.67 / 154,59 € *(volume: 563)* +- 🟥 30 minutes in: $157.68 / 154,60 € *(volume: 563)* +- 🟩 25 minutes in: $157.71 / 154,63 € *(volume: 488)* +- 🟥 20 minutes in: $157.70 / 154,62 € *(volume: 467)* +- 🟩 15 minutes in: $157.72 / 154,64 € *(volume: 392)* +- 🟥 10 minutes in: $157.70 / 154,62 € *(volume: 205)* +- 🟥 5 minutes in: $157.73 / 154,65 € *(volume: 195)* +- 🟥 0 minutes in: $157.89 / 154,81 € *(volume: 80)* +- 🟩 US close price: $158.75 / 155,65 € *($158.73 / 155,63 € 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 1.0199. 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! +The other day I went to make a payment on my Wells Fargo credit card. When I logged into my online banking my credit card did not appear. I immediately called WF wondering why my CC wasn't showing up in my online banking. + +After verifying my identity I was told that my CC was currently restricted because I was reported deceased on November 14th. + +I was then put in contact with some deceased estate customer rep person who was a little confused as to how I was calling when it was showing on there end that I was deceased. + +My rewards from Wells Fargo (from the CC) have been sent and issued to my dad. My dad called asking what this was about and they (WF) explained to him my current debts - which he is not happy with me about. Is it legal for my bank (Wells Fargo) to be giving information about my financials to someone else? + +WF will not tell me who or what agency reported me as dead? Are they able to withhold this information? + +Is it possible this is a form of fraud? I am not sure what I should do in this situation. +Im a university student and im 21, will be done with my course when im 22. Im very interested in property and eventually having financial independence. I was talking to someone whos already got 6 houses he rents out which pay off his mortgage and make him money on top of that. Im from a very low income background but ive always been very good with money and numbers. + + Current situation: I rent with my girlfriend and daughter and use my maintenance loan to pay rent, bills, and living costs. We also get universal credit which we recieve about an extra £100 a month or so as well as getting child benefit of £80 a month which we will be saving £25 a month into an ISA for our daughter. I also receive a little money from my parents every now and again. I dont have a job currently as im juggling my University workload with a new child but will be getting one over summer and obviously one when im finished with my degree. + +My goal is to own my first home by the time im 26 and own at least another 2 properties by the time im 30. Id then rent these properties out to pay off the mortgages and gain extra income as well. Eventually I want to have enough properties to ensure im financially independent. How do i go about achieving this goal and what steps do I take now? +All my friends and all my family "has that GameStop hit yet" in a joking tone. It's a pipe dream in their eyes. And I hate hearing it. Not because I think I was wrong or I wish they shared my thoughts. But because they've successfully been convinced into thinking otherwise by everyone other than us. To them it's not happening or it already happened, it's been a year and I look like some huge conspiracy theorist to them. But I'm not is the thing. We're not conspiracy theorists. We were fucked with massively by rich people caught with their hand in the cookie jar using retail's money and shorting companies beyond its float. They didn't want to lose and they're still holding on. But so are we, and yes I don't understand the market as well as I thought I would after a year, nobody can fully grasp every aspect of it because of its design. But I know the data and research I've seen doesn't lie. + + + + +Shorts did not close. We're tenacious though and I'm fucking ecstatic we are. I can't wait until we expose it all. Hopefully Ryan Cohen shares the same sentiment. I put a hell of a lot of trust in him and his capability. In the meantime DRS if you can and let's keep on keeping on, but hopefully this post can show a lot of you who maybe feel crazy or have a few doubts that it's normal. Don't let those gaslighting us make us question the FACTUAL due diligence people way smarter than you or me have done. We invested a lot of money with the promise of it being fulfilled. And I believe it will be, just a bit later than expected. When it does pop though, I can't imagine how bad it will be. They've just kept shorting it nonstop no closing taking place. They kicked the can A WHOLE DAMN YEAR MAN! No way in hell they're not going to have every cent liquidated when the float is locked. If DRS wasn't a thing can you imagine how far down the road this can would be kicked? I hate to imagine, let's grab that can and throw it in their smug faces boys and gals. Peace, love, and DRS baby +Please don't see the success of others and try to emulate it without doing any research first. I made the mistake of thinking I knew everything a few years ago and just traded like an absolute idiot. Lost thousands of dollars and fell into a depression because I had no idea of the basics. + +Yes I came back from it, yes I'm doing well at this now, but please don't look at someone successful and think you can just do what they do with no training or experience because it never works out. People only want to talk about their success stories and never their own failures so it makes people believe its easier then it is. + + +Anyone can learn to do this but it takes time, study market analysis, learn how to identify trends and practice with a paper account. Please do not throw everything you have into the markets expecting it to 100x in a month, learn from my mistakes so you don't make them +News: $POTN +PotNetwork Holdings, Inc.’s Diamond CBD Hits The Road With New Fleet of Mobile Sales Vans +FORT LAUDERDALE, Fla. + +Fleet of Vans on the Road in Miami will be Expanded to Major Metro Markets Across the Country + +PotNetwork Holdings, Inc. (OTC Pink: POTN) announced today that Diamond CBD has initiated a mobile team equipped with an inventory of displays and CBD infused edible treats and oils designed to deliver stock and launch sales through brand new vendors in untapped retail stores and congruent facilities such as fitness centers, etc., across the U.S. + +This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181113005673/en/ +Diamond CBD's mobile fleet in South Florida (Photo: Business Wire) + +Diamond CBD's mobile fleet in South Florida (Photo: Business Wire) + +For a brief video overview click here. + +Armed with the Company’s most popular consumables, Diamond CBD’s squad of mobile sales vans begin their journey in South Florida. Their mission is to bring Diamond CBD’s premium product line to brick and mortar establishments across the country, from Miami to New York and ultimately, California. All at zero initial cost to vendors. + +Diamond CBD distributes premium quality products and has established a successful, growing distribution network. The company’s new fleet of mobile sales vans will allow them to support their loyal vendors with free deliveries whilst simultaneously reaching out to new contacts and inducting them into the Diamond CBD family. + +The CBD market is predicted to be worth a staggering $2.1 billion in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. That's a 700% increase from 2016. In 2017 Diamond CBD shattered all expectations and achieved revenues of $14.5 million, underscoring the potential of the CBD market. Diamond CBD’s success comes down to ensuring that consumers have access to a product whose quality speaks for itself. Their new fleet of mobile sales vans will help to drive the companies performance to new heights and bring Diamond CBD to a storefront near you. + +About Diamond CBD, Inc.: Diamond CBD focuses on the research, development, and multinational marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD’s team consists of hemp industry pioneers and natural product experts, chemists, doctors and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils, tinctures, edibles, and vape liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com. + +About PotNetwork Holdings, Inc.: PotNetwork Holdings, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its principal subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD products. For more information, please visit its website at www.potnetworkholding.com. + +Safe Harbor: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. + +View source version on businesswire.com: https://www.businesswire.com/news/home/20181113005673/en/ + +PotNetwork Holdings, Inc. +Marisol Elwell, 1-800-915-3060 +investor@PotNetworkHolding.com +Copyright Business Wire 2018 + + +There’s a report out with return on investment across 30,000 bachelors degree programs (full disclosure: the organization behind it has links to right-wing groups like the Cato Institute and the Koch brothers). + +https://freopp.org/we-calculated-return-on-investment-for-30-000-bachelors-degrees-find-yours-1f2f3c5e6dac + +There’s a searchable table where you can actually look up specific degrees from specific colleges. You can access it directly here. + +https://public.flourish.studio/visualisation/7583742/ + +It turns out that a lot of degrees have negative returns on investment! Particularly performance arts degrees, music, theatre, dance, etc. Also a lot of biology degrees, which I didn’t expect. (Edit: Apparently the weighting discounts stepping stone degrees. If you major in biology at John Hopkins, make sure you follow through and get that MD! Ditto for philosophy and JDs.) High return degrees are engineering, computer science, finance. + +Why do I say that schools may not want you to know about this? Because it’s embarrassing. Because they advertise themselves as tickets out of poverty when some programs will leave you deeper in poverty. Because they need poor students so they can claim to have a diverse student body. Because they need to have people take these classes so they can call themselves a liberal arts school. + +If you are like me, you knew literally no one with a successful professional career growing up, but you saw a lot of successful musicians/actors/writers, and when it was time to pick a major you didn’t have a great sense that one degree was better than the other, financially speaking. + +Well, here’s the facts. I think this is a great resource for anyone in or considering college. If you are passionate about a money losing field, by all means go for it, but do yourself a favor and double major in something that recoups the costs. +I'm just curious as to what kind of algorithms are people here trading or coding. + +Mean Reversion, trend following, scalping, options, futures, stocks? + +Does your system make money? How long did it take you to develop? + +Obviously not looking for specifics here, just a general idea. Curious as to how some of you guys approach the markets. +Hello guys, + +&#x200B; + +I am working on hyper optimisation script for a specific crypto pair. + +&#x200B; + +I have coding experience but I don't have any expertise in technical analysis and I can not assess value of the specific indicator in **alogotrading**. + +&#x200B; + +In your opinion , what are your best buy/sell indicators that really help? + +&#x200B; + +Thanks in advance! +Sample Letter + +ESMA is looking for responses from Central Counterparties (CCPs, like NSCC), Central Securities Depositories (CSDs, like DTC) and their member participants (basically, banks and brokers). They are not specifically addressing these questions to the general public, although "[a]ll interested stakeholders are invited to respond." The deadline for comments is September 9. The Consultation Paper and the Reply Form are available here. You will need to download the Reply Form, insert your responses and then upload that file to the same page. And, yes, they are not making it easy! + +With that in mind, here is my suggestion for a response that a) addresses the specific questions they are asking and b) includes points important to household investors. + +Q1: We do not support removing the special process. The CCPs are in the best position to identify the parties that fail to deliver securities and/or cash for settlement. With the Unique Transaction Identifier, the CCPs will be in a position to identify the specific market participants who fail settlement. + +Q2: We do not support the amendment suggested in Annex IV. Passing information about settlement failures post-netting and after the CCPs have interposed themselves between failing and receiving parties only adds a layer of complication to the calculation. This is not to say we disagree with the CSDs performing the funds movements; only that the calculation for collection must remain with the CCP responsible for novation and netting. + +Q3: We do not support the additional six-month delay after publication for application, in the event the amendments are approved. The reporting of settlement fails, and subsequent assessment of fines were delayed multiple times from the 2014 passage of the regulation. There should be no further excuse for delaying implementation that the EC intended to occur more than five or six years ago. Given that the amendment is already available, and that the CCPs and CSDs have already agreed to the processes described in the amendment, we see no need for more than 30-days post-publication for implementation. +*The fastest and easiest way to earn Ethereum in a fully decentralised ecosystem.* + +EverETH was established to generate passive revenue for the community. Simply holding EverETH in the wallet will earn Ethereum. The project represents a totally decentralized, open-source platform that is entirely driven by the community. The more EverETH owned, the more ETH will get automatically in the wallet. + +Holding EverETH is more profitable than an Ethereum mining rig because EverETH is a reflection token. Every transaction is automatically activated by the smart contract to counteract any major sell-offs or general market volatility. + +For example, an Ethereum mining rig will costs around 3000 USD, and return of investment will be less than what 3000 USD worth of EverETH will generate. The following features sustain this theory: + +● 10% of every buy/sell is seized and redistributed in Ethereum (BEP-20) to all EverETH holders. No need to claim earned Ethereum. It's automatically sent to the wallet. + +● As more tokens are acquired, the token's exclusivity increases, boosting the value of the EverETH holdings. Because EverETH is entirely decentralized, there is no single primary owner of the coin, or in other words the token is owned by the community. + +● One distinguishing quality of the project is that the developers are upfront about their ambitions for the money. EverETH intends to grow further into the crypto sector by producing new goods to secure the token's long-term viability. The EverETH community is strong and expanding regularly. The EverETH team consists of a talented collection of developers, designers, and moderators who constantly are working for the project. + +To summarize, + +\- 10% Ethereum Rewards + +\- 1% Ecosystem Fee + +\- 1% Automatic Liquidity Fee + +\- Ownership Renounced + +\- Techrate Audited + +\- Certik + Skynet Audit Onboarded + +\- Featured on Yahoo Finance, Bloomberg and Benzinga + +\- Paid 3M+ USD Rewards + +\- Big development catalyst, EverETH Wallet coming this Q4 2021 + +The EverETH community is expanding regularly and the project value is likely to climb more as scarcity encourages price increases. Join now! + +Telegram: [https://t.me/EverETHofficial](https://t.me/EverETHofficial) + +Website: [EverETH.net](https://EverETH.net) + +How about this? + +Don't forget to DYOR and stay safe! +Holy fucking shit guys. + +Just holy fucking shit. + +If the etoro numbers are correct, and there's 1.3b shares among 90 million shareholders. + +And the hedgies need to buy back to a GENEROUS 40m + +All it will take is.... + +Half of all holders keeping 1 share in the infinity pool. + +And the squeeze will never end. + +What the ever loving fuck. + +10m is not a joke. It's not even close. + +&#x200B; + +&#x200B; + +&#x200B; + +Edit2 ok getting some flak that etoro number is not right? + +edit sauce for tendie dipping + +[https://www.reddit.com/r/Superstonk/comments/np4wwu/etoro\_got\_their\_15\_of\_all\_gme\_holder\_straight/](https://www.reddit.com/r/Superstonk/comments/np4wwu/etoro_got_their_15_of_all_gme_holder_straight/) + +In short etoro customer service confirmed etoro has 1.5% of all GME shareholders. + +Etoro announced they have just over 20m investors, and 6.71% of their investors own GME. + +20m\*6.71% = 1.34m GME investors on Etoro + +1.34 / 1.5% = 89M GME investors total + +Nordnet data suggests an average of 14.5 shares per investor on their platform. + +For a total estimate of 1.29 billion shares + +Also for the nordnet [https://www.reddit.com/r/Superstonk/comments/nnngl6/update\_dd\_i\_did\_the\_math\_latest\_nordnet\_and/](https://www.reddit.com/r/Superstonk/comments/nnngl6/update_dd_i_did_the_math_latest_nordnet_and/) +I honestly think that someone had an attack planned today. + +Many of the 1-minute red candles from throughout the day have been the same 14,000-16,000 size share orders, over and over again. + +I think that from the $223 top, that they tried to drop the price by 5% intraday to see if they could trigger any stop-losses from apes that just went green for the first time in 6 months and wanted to cover their exit. + +They found nothing but buy orders. + +I truly think today may have been the apes winning a small battle. I think we just came out victorious for the first time against a selling attack aimed at paper-hands stop-losses. + +Apes. Prepare the rocket to Uranus... +https://www.bnnbloomberg.ca/gold-to-reach-us-3-000-50-above-its-record-bank-of-america-says-1.1424571 + +If this turns out to be true, what are some Gold stocks you'd get into? I've been in and out of Yamana Gold and it's made me a bit of money. +There has been an inflation crisis since the COVID-19 pandemic started, and it was further fuelled by Russia’s invasion on Ukraine. Greed was also a factor, but it��s harder to get away with it when there is no longer a global disaster you can take advantage of. + +Inflation has been on levels like this before, such as in the 80’s, and that was dealt with by rate hikes, which we are seeing again now. + +Things have definitely gotten more expensive, but in the long term, like a decade from now, will it really matter as much? It seems unlikely inflation will keep going up at a rate like this forever since it would crash the whole system eventually. + +Some people on Reddit say that lives are ruined forever, but if everything stagnates or at least slows down a lot, then I don’t know if it’s that bad. The pandemic is already essentially over, and the war (hopefully) ending could also help things quite well. + +Will this be similar to the 80’s inflation where it eventually returns to normal levels from the rate hikes? (Not necessarily prices of goods going down, but at least stagnating) Will it not mean as much in the long term as it does now? Hopefully giving time for wages to catch up a bit. Usually an annual raise of a few percent each year is decent, it’s only during a time of high inflation like this that it feels low. + +In the grand scheme of history, is this whole worldwide inflation event just a blip, or will it leave damage that keeps getting worse? +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/EKU2tVBp9u). +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) +The Purge 2 has reached a critical time. + +&#x200B; + +Derivatives have the ability to create massive gains, as well as massive losses. In the past 3 weeks, some decisions (like going long before the vaccine discoveries were released) would have made huge amounts of money. + +&#x200B; + +But to chose poorly would mean that your options hit their expiry date out of the money. By which we mean all of your money is now gone. Losing not just their own rent, but their wives, wives boyfriends and their wives boyfriends wives as well. + +&#x200B; + +[Many chose well, some chose....poorly](https://imgur.com/a/XifiIo4) + +&#x200B; + +Currently, our greatest winner is /u/slaughterrain, who use company issued options for a 63% gain. + +&#x200B; + +But the 2 Gay bears who chose to go hard on Puts ended up losing every cent. Not even having the sense to sell when the selling was good. Since Stonks only go up. + +/u/Mcfucking [has admitted to their failure, after losing all their money](https://www.reddit.com/r/ASX_Bets/comments/jwzaxh/allcu7_rip/) + +/u/Cool-abbreviations20 has been suspiciously quiet. Either appear promptly, or you and your possibly Alt ass will be judged harshly. + +&#x200B; + +At this point, it looks like these two shall be called up for the great lightning round. The Purge 2 does not end until the 30th, but at this point. /u/Slaughterrain is very far ahead. +Disclaimer: *I am not a financial expert do your own research* + +12 months High 3.4cents, Low .004cents + +Market Cap $65.45m + +Current SP 2.3cents + +Hi Asx\_Bets people, this is my 1st DD in a long time however I have mentioned this stock before when it was in the 0.009 region. I am back because I believe this is possibly one of the best times to get into Brookside energy. Brookside is a drilling for Oil in Oklahoma and i believe it might be a massive winner + +Unlike 88E Brooksides Drilling operation have reported – + +“We are delighted to report the successful completion of the drilling and casing operations on our much anticipated high-impact Jewell Well. The drilling and casing operations were conducted very efficiently and diligently with credit to Latshaw Drilling personnel, our team of contractors and the Black Mesa Energy team. + +“This well has now been further de-risked with the lateral landed as planned in the Sycamore formation (with extensive oil and gas shows and evidence of natural fracturing) and importantly production casing has now been set and cemented in place. “We are looking forward to keeping our shareholders updated as operations continue to complete the well for production and turn it to sales.” – announcement on the 17/06/2021 + +Meaning they are drilling into oil which reduced the risk of this play significantly! + +They have plans for 20 wells in the long term which means the company has significant growth potential and are well cashed up so the risk of capital raising it low which makes it a good time to get in. + +“It is and exciting time for shareholders and out team in the ground Oklahoma. The Jewell Well is obviously successfully drilled and production casing has been run and cemented in…” – *David Prentice Managing director of Brookside energy 19/06/2021* + +&#x200B; + +https://preview.redd.it/kfyauobyjb771.jpg?width=1000&format=pjpg&auto=webp&s=5aa554db3cf54987d88db11c2c5ae13dcfc8f7af + +“The Jewell Well will be the first Company operated well to be drilled and completed in the Jewell DSU in the SWISH AOI. Importantly, this well is the first well in a potential 5-year, 20-plus well development drilling program across the three operated DSU’s (Jewell, Flames, Rangers) that the Company controls in the SWISH AOI to develop a conservatively estimated **11,606,000 net BOE** Prospective Resource” - Summary: Jewell Well Operations Report n the 10/5/21 + +Now 11606000 BOE (Barrels of oil equivalent) – now I don’t need to tell you that is a lot oil. Picture from recent show the storage the black gold. + +Currently Oil is on a bit of a bull run like most resources which due to the massive construction boom in nations like Chain and USA wont look to be ending any time soon with Oil at over $USD70 a barrel + +&#x200B; + +https://preview.redd.it/slu9vpf1kb771.jpg?width=1242&format=pjpg&auto=webp&s=57bb1a85fd0a2930b1f2e90d30aabfdda5e60124 + +So simple math’s - \~$70 \* 11606000 = $812,420,000 – even if Oil drops to $50 it is still an incredibly profitable venture. + +Like all resources stocks anything can happen but this has to be one of the lowest risk penny stock plays on the market right now. + +Good luck in whatever you invest in, may your gains be monster and your losses be little. +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) +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 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) +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 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 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). +As title says. Release from mid-2021. No ongoing fees. No additional cost to businesses. $10 late fees for users if installment missed. + +Seems super attractive to small businesses if they are already paying CBA for services to opt to use this over other BNPL options if user uptake is there. IMO user uptake is likely to be there given it will likely be an in-built feature to the CommBank App which is generally pretty good and used by CommBank customers. + +Thoughts BNPL holders? + +Source: [https://www.commbank.com.au/articles/newsroom/2021/03/commbank-unveils-bnpl-offering.html](https://www.commbank.com.au/articles/newsroom/2021/03/commbank-unveils-bnpl-offering.html) +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) +Did people even make ridiculous amounts of money in short time frames through meme stocks prior to COVID-19? I don't know the answer to this, as I only became interested around 6 months ago. + +Many people with little/no experience in finance/investing have made life-changing gains through punting their savings/Centrelink payments and super withdrawals - these are facts. + +Is this a sustainable trend in your opinion? Or is the whole thing being propped up by ridiculously loose monetary policy that's encouraging this autistic behaviour that's been occurring for the last 12 months. + +Valuations are where they were pre-COVID and 10-year bond yields are beginning to rise - this could have pretty hectic consequences on growth/tech stocks in the US, which of course will affect the ASX. + +The other elephant in the room is of course the *potential* economic consequences of COVID-19, especially in the US, which may reveal some pretty nasty damage later down the line. + +I'm not a full gay bear fellas, but my main question is: if we did see a fairly significant correction sometime in 2021, would meme stock investing still be as popular as it is today, or would people become giant pussies and switch into more defensive (boomer) yield stocks. + +TLDR: Will easy tendies continue to stick around thanks to reddit/facebook/hotcrapper and autistic retail investors? or are these tendies once in a life-time? +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 /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) +A few days ago, my landlady got in touch to say that she wants to sell the house that I'm living in. She wanted to give me first refusal but obviously the implication is that if I don't buy it, I'll be getting kicked out soon. This is all fair enough. It's what you sign up for as a renter. + +However, this has led me to think long and hard about my situation and what I value and my aspirations. I thought I'd share it on this sub in case anybody finds it useful or interesting. + +*about me* + +I'm 34 and British but I have been living in Mexico with my Mexican wife for about 5 years off and on. I used to be an English teacher which allowed me to live and work in several countries. About 3 years ago I turned my programming hobby into a career. This is more lucrative and fortunately there is a lot of demand out there so FIRE has become something which seems a lot more realistic. + +*the current situation* + +If my wife and I so chose, we could buy the house we live in. We like it a lot. It's in a very up-and-coming city (Querétaro) in a good location. It has good potential for renting out long term or as an Airbnb. However my wife and I already own one rental property in another city and we know that managing a rental property at a distance isn't as simple as just receiving free money. + +Also, as everyone in this sub knows, the stock market is very low at the moment and I'm loathe to sell to free up funds right now. + +*On the other hand* + +As an English teacher, I was fortunate enough to live in several different countries. I value the freedom to keep moving around and seeing new things. + +Immediately when we found out that the house was being sold, we discussed perhaps spending a few months in Colombia, which we both love. Perhaps we could move back to South East Asia for a while. There are a lot of countries with a lower cost of living than where we are now and we would probably actually save money by doing this. + +*Conclusion* + +I really don't know what the right answer is. I've done all of the calculations that I can and all I've worked out is that I can't possibly predict whether buying a house is better than continuing to contribute to my stock portfolio. + +While I really like the idea of a comfortable place to live which we can make our own, I also know there's a lot out there to discover and I'm keen to see it while I can. + +A lot is said on this sub about making sure that you are not prioritising FIRE over enjoying the present. Does travelling equate to enjoying the present more than having a beautiful and comfortable home? + +Property is generally a very safe investment and preferable to paying rent but can this beat achieving a higher rate of savings from the freedom to move around and take advantage of favourable exchange rates? + +Right now we've decided not to buy. Time will tell if that was the correct decision. +I've been collecting price+stats information from Yahoo, TD, Robinhood & IB. None of them have an api call for company earnings events with date+time+before/aftermarket. I can always resort to scraping the date/times from TD's website or [earningswhispers.com](https://earningswhispers.com) but I really just want a nice reliable api call. (Free, that is :) ) + +So where have you been getting your earnings dates? + +Thanks. + +PS. I also stream some data from IEX and I didn't see an earnings event on the corporate actions docs either. [https://iextrading.com/developers/docs/#iex-corporate-actions](https://iextrading.com/developers/docs/#iex-corporate-actions) +Short back story, I have a small business in the USA. Historical rate to ship a 40 ft container from Shanghai to USA east coast is $3,500-$4,500. Currently being quoted over $12,500+ and rising because there is a shortage of shipping containers. + +This shortage will affect all US importers. Insta-pots to tires to silverware. Get ready for insane inflation. We have not begun to scratch the surface of how aggressive it will be. + +How to invest in the stock market to most intelligently profit off this? In shipping container manufacturers, directly in shipping companies with the most container traffic from China or something smarter and safer than these first two? +All you n00bs in that thread are missing the point about indices. + +THE CONSTITUENTS ARE FREQUENTLY CHANGED TO REFLECT THE BEST PERFORMING COMPANIES. + +So if you recompute the value of the original basket of 22 years ago, it will be far lesser. I've done this calculation for someone else, can't share it here coz confidential. + +Chew on this. If you had bought the NIFTY at peak 2008 levels, the CAGR drops to 5 something percent. That's over 10 years, and with the benefit of constituents changing. + +All the bullshit that mutual funds spit out about how you can easily earn 15%+ over a long enough time period is just that. Bullshit. Cherry picking the starting point. A sustained return of 18-20% over many years would put you in the company of Buffett and others. Most people who claim such high numbers are lying, or cannot math properly. + +Take it from an insider, the asset management industry is 50-50 luck and skill. I've seen enough idiots strike gold by fluke and then quote Munger when asked how they did it. I've seen beautiful ideas go to shit because that's how life works, fuck you. Fund managers don't know what to attribute to skill and what to attribute to luck. Most of them are too busy going on lunches with clients. They don't even know their portfolio end to end. But keep doing SIP, yeah? + +Note to everyone: Do the math for yourself and accordingly understand what likely returns from equity actually are. You will not buy at minimums and you will not sell at maximums. Take it in writing. It is not the get rich scheme you think it is. Don't believe a word at face value spoken by someone who's incentives are dependent on getting you to invest. Especially in this market environment. + +Where the fuck are the earnings growth and climate that justify a 32k Sensex? I hope niggas get smacked with a correction to put their asses in the correct place. +People on this sub do not like Zerodha Coin as it holds the MFs in the demat mode. What is the disadvantage of this mode? How do other brokers hold the MFs? Is that in the "mat" mode? +I work in media as a contractor and even having a good reputation and being well-known, it’s tough going! Feels hard to find work and I’m having to really double-down on my network. It’s like my industry is stagnating or contracting and certainly before 2020 there seemed to be a lot more opportunities. + +What’s it like in your industry right now? + + +TL.DR At bottom + +Everyone needs to unwind and unjack your titz ....The Stonk is right on track....and always has been. + +I'm marking this as a Compilation DD because it combines the most accurate DD from several members, yet it gets scrubbed with downvotes....**Why because its the sauce...its the code...its the algorithm** + +**First and foremost this first 2 visual credit go goes** [u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/) + +**Here is her super master theory from 5 MONTHS AGO has yet to be broken** + +[**I think I found the Shorting Algorithm u/PWNWTFBBQ**](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/) + +&#x200B; + +&#x200B; + +[ Constant Cycle Growth \/ PWNWTFBBQ ](https://preview.redd.it/7xqg05brzl181.png?width=1208&format=png&auto=webp&s=9f3ec7938bffca2d172e4812d6f1adf6bbf2bb83) + +&#x200B; + +[Where is the price action today??? PWNWTFBBQ](https://preview.redd.it/qd59cauq1m181.png?width=710&format=png&auto=webp&s=b06c031aba44ae56b752104ccf8987c66a87084d) + + + +Now lets look at where we currently are with the most recent post from [u/leenixus](https://www.reddit.com/u/leenixus/) + +[November 23 Cycle Day What Happend](https://www.reddit.com/r/Superstonk/comments/r12fcr/november_23_cycle_day_1/) + +&#x200B; + +&#x200B; + +[credit Leenixus](https://preview.redd.it/pm21es0vzl181.png?width=2104&format=png&auto=webp&s=c385dec5160c39050ba391557f362c48f6d45870) + +&#x200B; + + + +Boom, Looks exactly like the pic from PWNWTFBBQ + +Now here we are with my own 90 Day Channel Chart Point of Inflection + +&#x200B; + +&#x200B; + +[ Channel Chart of Impending Inflection ](https://preview.redd.it/ezwxlafzzl181.png?width=1920&format=png&auto=webp&s=ad141a07ec6d54d38d5740fb41d9ae0690da6f58) + +This chart is exactly 1 year 1 day + +1. You have your daily candles +2. Purple Channels are 90 day stretches +/- a day with a rising floor as proven by PWNWTFBBQ +3. Orange is thw start of September 25th uptrend...I believe its the last leg, but could be January 28, 2022 + +&#x200B; + +Here one more for a close up + +&#x200B; + +[ Impending Inflection Close Up ](https://preview.redd.it/xo1al3r20m181.png?width=701&format=png&auto=webp&s=6bcfdec4bdefe6229a980bef273239740b4b49e0) + +&#x200B; + +1. You have your daily candles +2. Purple Channels are 90 day stretches +/- a day with a rising floor as proven by PWNWTFBBQ +3. Orange is the start of September 25th uptrend...I believe its the last leg, but could be January 28, 2022 +4. Take the high candle wick of the previous November 3rd with the bottom of September 25 and you still reach the same point of inflection touching November 23rd candle wick +5. This again puts GME right in line with the above mentioned data from PWNWTFBQ + +&#x200B; + + + +Now we move on to a very silent under appreciated Ape credit to [u/altnob](https://www.reddit.com/u/altnob/) + +He has followed gherks theory and put together a solid rollover description for all to see. + +&#x200B; + +[ The Map Of The Year...Read Every Word Of It ](https://preview.redd.it/0gvvng1k0m181.png?width=960&format=png&auto=webp&s=40c47b5c964e49662f3d4c473be98642f92284ce) + +&#x200B; + +Read every word of it + +&#x200B; + +Now lets move away from the ticker and express why DRS Computer Share is so important + +GameStop Twitter + +&#x200B; + +[ Pink and Blue what do they make ](https://preview.redd.it/p2kuoudn0m181.png?width=603&format=png&auto=webp&s=31bc0de8a8d5b55a2977258cebfca0b2742b4dec) + +&#x200B; + + + +**Fucking Pastel Purple** + +I had to google the question to find the color BOOM + +Now what exactly did twitter say on November 17'th + +&#x200B; + +[ The Objective is DRS and you still have time Tweeted on November 17th](https://preview.redd.it/dr5uv7is0m181.png?width=608&format=png&auto=webp&s=5c04b8ef1b742f873ea53885a8b54335653f16b8) + +&#x200B; + +&#x200B; + +Literally it's all right there...in Twitter GameStop and what else is mixed into Pastel Purple .......what is the looping coin color.....? BLUE What is the NFT color scheme Pastel Purple + +**GameStop Twitter and RC are literally rubbing the answer IN.... YOUR.... FACE** + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +**Tin Foil Moment, I think it holds weight.** + +Mr. Gary Gensler, who happens to know more than we think he knows about crip toe world. He has stated multiple times in the past that : + +Gary Gensler himself stated + +>" we are dealing with new technologies that could interfere with how the markets work " + +Well after reading a post from [u/tophereth](https://www.reddit.com/u/tophereth/) about a new DTCC Job posting that is being mentioned ERC20 & ERC721.... I had to chime in and this is what I had to say....I have provided a link as well as a solid picture + +[DTCC Job Posting.....Because](https://www.reddit.com/r/Superstonk/comments/qwb1gp/dtcc_job_posting_from_august_mentions_erc20/hl1vrur/?utm_medium=android_app&utm_source=share&context=3) [they need to work with the GameStop New Exchange ??](https://www.reddit.com/r/Superstonk/comments/qwb1gp/dtcc_job_posting_from_august_mentions_erc20/hl1vrur/?utm_medium=android_app&utm_source=share&context=3) + +&#x200B; + +[ I think my comment holds wright, you be the judge ](https://preview.redd.it/63lm0h0z0m181.png?width=713&format=png&auto=webp&s=fb250e10c202c032a0207a0a21cac3c9ff0c0328) + +&#x200B; + + + +**Remember the GameStop and SEC investigation....** + +It's my further conclusion that Ryan Cohen went to the DTCC / SEC in Virginia the "GameStop store tweet " to lay down the law and explain what his intentions are and how RC Ventures, RC, and GameStop can legally create their own exchange for their own token. This will ultimately require the cooperation from the SEC, DTCC, and all organizations... + +&#x200B; + +&#x200B; + +[ Tin Foil is not always Tin Foil, or-is-it ](https://preview.redd.it/8x3hpfqd1m181.png?width=300&format=png&auto=webp&s=58bec57226bc514e30e6594ae974a23377a11298) + +&#x200B; + + + +A few of the rabbit holes I'm looking into + +Easter Eggz + +* Why was the original Gee Em Eeee created in May 2012......Where are the posts from way back then??? +* When did DFV start researching GameStop Stock / I mean before he posted in videos on YouTube +* Why is LRC Loop ring the chose one + +Why am I looking into this, because not only do I want MOASS to happen....I want to investigate all the way back to the day it started. How it started , Why has GME / GameStop become the chosen one + +Apes may find out how it ignites, but knowing where it started is just as much a mystery + +&#x200B; + +None of this advice they are simply findings from the research others have done and my own ideas + +I don't do a lot of DD, rather I search and save PDF everything that rings true for weeks sometimes months at a time before making a hard move back and fourth for days, weeks just so I can make 1+1=2 + +Hope you apes followed along and could make sense of this. Stay [💎](https://emojipedia.org/gem-stone/) [✋](https://emojipedia.org/raised-hand/) + +&#x200B; + +## Stay [💎](https://emojipedia.org/gem-stone/) [✋](https://emojipedia.org/raised-hand/) + +&#x200B; + +Also big thanks for helping out u/_exorduim + +&#x200B; + +&#x200B; + +TL.DR, Read the DD and Get Educated +Currently I own a tech startup that's just getting off the ground with 3 other business partners. The only issue is I can't recognize a good deal due to my financial naivety. We would each own the remaining 25% at 6.25% per owner, valuing our shares at around k. + +Should I take it? (Willing to give more details about terms and conditions if necessary) + +EDIT: A lot of you have been very helpful. I really should have been clearer, but I was in a rush so here are the details - keeping as anonymous as possible but we're based in Europe. + +* The startup is recieving the k investment as part of completion of an entrepeneurship programme in my country that divides the following way: + +* 25% of shares go to our regional government, 25% goes to the entrepeneurship programme, 25% goes to the investment management and holding firm funding this, and 25% goes to us. We have recently completed the program and hence are yet to take off. + +* We haven't started officialy trading yet and the k would serve as a seed fund so us four would own 25% of the £300k (so k between us) and the remaining k would belong to everyone else i.e. the regional government/entrepeneurship programme/investment management and holding firm. + +* I can't give projections as our decision to start trading depends very much on whether we accept this deal or not. + +* We're in links with some big telecommunications companies and a few TV channels in our countries that would be potentially looking to use to our software services (we're a software development company). + +Also apologies for any mistakes or misunderstanding as English isn't my first language. + +EDIT2: Thank you so much everybody for your honesty and contributions. We very much appreciate it. We're going to think it over some more but given the overwhelming response then I think our decision is already made, but we're going to talk to a lawyer and financial advisor before a final decision. +Hello Reddit , I am 18 and have spent the last 6 weeks in hospital with GBS (rare neurological contrition). I was paralysed for a bit but I’m learning to walk again, have lost 15kg of muscle. I will be running a marathon for charity so am running an ig page (gbs2marathon) to raise money for charity. Luckily I have around 15k saved up so I’m cool financially. I trade and am thinking of doing FTMO challenge soon but if you were in my situation what would you do to make extra money whilst in hospital as I can’t go to work? If I can leave hospital with more money than I came in with, raise money and awareness through my story and be able to walk I will have made negatives into positives. Thank you + I have been given 7.25% for investment property. Is it reasonable? Should I expect rates going down this coming spring to refinance ? That’s what I was told . And the closing costs are 4.6% of the purchase price. +For real, this whole space is absolutely ridiculous. Twitter and Telegram are the biggest echochambers ever. Its always "DYOR" but when someone does it and is bringing up flaws he gets ridiculed as FUDster and called "I bet you bought the top and are down bad". + +FUD means "Fear, Uncertainity and Doubt" and not "blatant lies". If the doubts are legit you should definitely reconsider your investment. The LUNA debacle speaks for itself and only one months later we have Celsius Network suspending withdrawals after appearantly sending hundreds of millions of funds to FTX. Both of those outcomes have been predicted by many and have been brushed off as FUD. + +Stop creating echochambers, it hurts everyone and most importantly, it makes the cryptospace look like a goddamn cult. +My brother is repeatedly taking out quick cash type loans using his own mother's social security number. My other siblings and I wanted to contact police after it happened last month, but Mom begged us not to. She only found out about the loan when she started getting harassing phone calls about it. He scrounged together the money to pay if off (in person, with Mom present) with the understanding that this can never happen again. + +Mom calls me today to say he has done it again. She discovered a new loan for $1,800 or so on her credit report. + +I know she needs to report the identity theft online, but can anyone offer some insight as to what will happen if she reports this to the police? Since we know who is doing it, does it change the process? + +Is there anything she can do to stop him from using her social? I have read the PF Wiki about freezing your credit, but unfortunately she is trying to move to a senior apartment complex and is worried they won't be able to pull her credit to approve her application. + +Edit: will be adding more details in the next couple of hours! (By 9pm central) Last I saw this only had 6 comments...thank you all! + +Edit 2: Before I add some more details for the curious, I wanted to confirm that Mom did contact the police department and they came to her apartment to take a statement. We will be helping her through the process of freezing her credit. Thank you all so much for your advice! + +My mom is 76. She has been divorced for decades and lives solely on her social security payments. She has no debt, other than the loan issues from my brother. + +The son in question, her oldest, is 54 and has a long record of being an awful person. He was employed at a Check N Go type place in 2010 and was arrested and charged with forgery and two counts of fraud for (I believe) taking out loans in customers' names who did not request it. All of those charges were listed as felonies, it seems, and I have no idea how he is not currently in prison, nor ever went for more than a few days. I just pulled his criminal record and it does appear he was found guilty of all charges. Excuse my ignorance on how all of that works. + +I do not believe there are any drug addiction issues, but with him being so estranged from the family it is hard to say. I know he seems to spend money extremely frivolously - constant new cars, a new Harley last year. He also posted a gofundme to FB a few months ago to help pay for 'legal troubles' that seem to be related to an ex-roommate and her young daughter. It is possible he is having more than his usual money problems in relation to that mess. + +I believe another issue with my Mom hesitating to press charges initially, is that my brother is in fairly poor health. I'm sure she fears he would not survive long in prison. Again - she did contact police this evening and they took a statement and got his information. We'll see where things go from here. +**DISCLAIMER FOR THE SEC INTERNS: THIS IS NOT FINANCIAL ADVICE, I JUST FUCKING LOVE THIS STOCK.** + +HEY RETARDS, STOP BUYING AMC, BB, NOK, SLV, OR LITERALLY ANYTHING BESIDES GME. THE MEDIA AND HEDGE FUNDS ARE TRYING TO DISTRACT YOU FROM THE FACT THAT GME IS THE ONLY STOCK THAT MATTERS. **LITERALLY ANY OTHER STOCK ON THE MARKET THAT IS NOT GME IS A DISTRACTION.** + +THIS IS A ONCE IN A LIFETIME GOLDEN FUCKING TICKET TO u/deepfuckingvalue's TENDIE FACTORY. + +$1,000 IS A JOKE. $10,000 IS CONSERVATIVE. $100,000 IS POSSIBLE IF WE STOP BUYING INTO THEIR BULLSHIT AND HOLD THE FUCKING LINE. + +I LOVE YOU ALL, BUT SOME OF YOU ARE NAIVE AND OBLIVIOUS AS FUCK. + +MAKE THEM SUFFER FOR ALL OF THE BULLSHIT THEY'VE PULLED ON US OVER THE YEARS. + +CONSIDER THIS TO BE FORCED REPARATIONS PAYMENTS FOR 2008. + +FUCK THE SUITS. POWER TO THE PLAYERS. + +Positions: WHAT THE FUCK DO YOU THINK? ALL IN GME🚀🚀🚀🚀🚀 + +EDIT: Thank you to all of the brilliant economists in the comments for letting me know that $100,000 per share would crumble the global financial system. No shit. It's obviously not going to happen, but in theory it could. If literally every single person held, the hedge funds' prime lenders would have to liquidate everything and pay us whatever ransom we want. + +**FOR THE PEOPLE WHO HAVE TO WEAR HELMETS IN THEIR CARS: The point is that we are in control, NOT that you're going to make $100,000 per share.** + +EDIT 2: Holy shit it's worse than I thought. If you can't afford GME, respect. Buy some AMC and fuck the suits that way--but for the people who can afford to choose, **GME IS THE ONLY ONE WITH A SHORT INTEREST WAY ABOVE 100%.** +I like AMC, BB, and NOK, too, but I really don't think you guys understand the GME situation. We caught the bastards who have been fucking us our whole lives with their pants down. They have shorted more shares than exist. We own the shares. BUT THIS IS ONLY TRUE OF GME. (Yes I know AMC has a huge short interest too, but GME is on a whole different level.) +UFR will be on the headlights in January. The actual ways of sharing are simply obsolete, they rely on vulnerable and widely known platforms to search for the files, like The Pirate Bay, which suffers from many attacks or updowns. When you want to download a torrent you depend from some torrent site like The Pirate Bay or mega. + +UFR can replace the old P2P sharing with a new reliable, secure, fast and anonymous system. I just can't see why this won't moon next year. It is a revolutionary idea. + +Pros of the coin + +- High quality whitepaper + +- Unique concept & execution + +- Responsive development team + +- Solid roadmap + +- Not a fork of any other blockchain + +- 6m(!!!) Market Cap at the time I'm posting this. + +Cons + +- Anonymous team + +I posted this in r/CreditCards and r/legal advice but got mixed opinions and was encouraged to reach out here + +The title says it all but want to add some context, tldr at the end: + +-Bought an expensive $315 ring from the merchant/sellers website using my Apple Card + +-seller policy claims “We are NOT liable for lost packages” + +-Item gets stuck on arrival scan, item missed the delivery date by 4 days and is still stuck on arrival scan to this date + +-I call UPS and they say to file a lost package claim, UPS says after 8 days if there is no update the item will be deemed lost. I declared the value as $350 on the claim as that was the price of the item + +-I asked the seller if they insured the package and they respond by saying “No, we usually only insure big ticket items, however, UPS has every package insured somewhat. (I didn’t have an option to purchase insurance on the item at checkout) + +-The seller tells me it is up to the logistics/shipping company to see what options I have when it comes to refund/replacement. + +-Note: The ups claim hasn’t been deemed “officially” lost yet but it is approaching the deadline with no update. So I am contacting the seller just in case worse case scenario. + +-I ask the seller, “From my understanding, after UPS confirms in the claim that the item is lost, they refund the shipper, not the buyer, so how will I be compensated/refunded if the burden of contacting and coming to agreement with UPS is on me the buyer?” + +-They say if UPS refunds in any ‘capacity’ they will forward that money to me and that would be “fair”. + +-I tell them since they didn’t insure the package over $100 then the ‘capacity’ of a refund that I will receive is $100, which means I’ll lose $215 on an item I never received which is not “fair”. + +-They respond by telling me,“Reimbursing to you anything that UPS would reimburse us is purely a courtesy.” WTF. + + +TLDR: Merchant refusing to refund me the full amount for what I purchased or even send a replacement for an item lost by the shipping company (UPS) since their policy states, “We are NOT liable for any items lost in transit.”. They didn’t insure the package or give me an option to buy insurance which means I’ll be lucky to receive the $100 liability insurance that UPS automatically provides all packages. Furthermore, they placed the burden of figuring out what options I have from the shipping company in regards to compensation of the lost package on me, the buyer. While simultaneously claiming that the refund that UPS will give them and will then send to me would be a “courtesy”. + +What are my options? Am I out of luck because the seller has on their policy that they aren’t liable for lost items in transit? Do I chargeback? From my understanding Apple Cards do not have purchase protection and Goldman Sachs is notoriously bad at disputes… + +Please any help or insight would be appreciated. +> China is zooming to a record year of corporate-bond defaults, with the 2018 total already more than three-quarters of the previous high even before an expected economic slowdown bites. + +> Chinese companies have reneged on about 16.5 billion yuan ($2.5 billion) of public bond payments so far this year, compared with the high of 20.7 billion yuan seen in all of 2016, according to data compiled by Bloomberg. Strains are set to get worse if the trends of credit-rating companies are anything to go by -- agencies including Dagong Global Rating Co. have been downgrading firms by an unprecedented margin. + +> “Corporate profits have worsened this year and are unlikely to improve against the backdrop of an economic slowdown,” + +> ... + +> In the meantime, rising yields are set to make the refinancing of maturing debt all the tougher for private companies that lack the access to the state-dominated banking system that national behemoths enjoy. With the People’s Bank of China making only limited steps to support credit to private companies, borrowing costs show no sign of dropping. + +https://www.bloomberg.com/news/articles/2018-07-02/china-heads-for-record-defaults-and-downgrades-tip-further-pain +For the time first time ever I used a crypto ATM here in Geneva - although hidden in the manor store, four coins were available for purchase with a 1000 chf limit per person per day. Cash only, you are given a qr code with a public key to send and receive the amount your purchased. The machine was operated by Bity, and for any purchase of Bitcoin I was asked a fee of 4 chf. + +This is truly astonishing considering that 10 years ago buying Bitcoin was almost like using limewire. Gradually, I hope to see more ATMs pop up and enable people to invest without having to disclose all your personal information on sites like coinbase or binance. + +Mass adoption is really around the corner, and with more and more people jumping on board, I do believe crypto ATM will be a bridge of accessibility. When crypto will become a useable currency in major stores these will become essential! + +Edit: Thank you all for taking the time to leave a comment and for the awards and upvotes! +I must clarify that the reason I made this post was literally because I think it’s useful for all of us to hear, discuss and argue about crypto ATMs and debate on accessibility of crypto to the public and investors, and also to help fellow noobs (like myself) and non-noobs discover something we didn’t know much about until now. I literally found out about this ATM not even two days ago.... +Also, how freaking cool is it that you can buy crypto from an ATM?! Come on, that’s just awesome (with pros and cons I hear you). + +Edit2: For all those that are upset I didn’t cross post from the other subreddits I posted at - my bad, didn’t know I could do that! +For the time first time ever I used a crypto ATM here in Geneva - although hidden in the manor store, four coins were available for purchase with a 1000 chf limit per person per day. Cash only, you are given a qr code with a public key to send and receive the amount your purchased. The machine was operated by Bity, and for any purchase of Bitcoin I was asked a fee of 4 chf. + +This is truly astonishing considering that 10 years ago buying Bitcoin was almost like using limewire. Gradually, I hope to see more ATMs pop up and enable people to invest without having to disclose all your personal information on sites like coinbase or binance. + +Mass adoption is really around the corner, and with more and more people jumping on board, I do believe crypto ATM will be a bridge of accessibility. When crypto will become a useable currency in major stores these will become essential! + +Edit: Thank you all for taking the time to leave a comment and for the awards and upvotes! +I must clarify that the reason I made this post was literally because I think it’s useful for all of us to hear, discuss and argue about crypto ATMs and debate on accessibility of crypto to the public and investors, and also to help fellow noobs (like myself) and non-noobs discover something we didn’t know much about until now. I literally found out about this ATM not even two days ago.... +Also, how freaking cool is it that you can buy crypto from an ATM?! Come on, that’s just awesome (with pros and cons I hear you). + +Edit2: For all those that are upset I didn’t cross post from the other subreddits I posted at - my bad, didn’t know I could do that! +Full story: [https://imgur.com/a/eMSFsQq](https://imgur.com/a/eMSFsQq) + +**Summary**: There is a scammer impersonating Mr. Leon Li (Huobi CEO) to ask me to invest 1 BTC in order to receive 2 BTC per week. This scammer's Facebook is in the top of Google search because the Huobi CEO does not publicize his personal Facebook. The scammer also video called me and play a muted video of Leon Li for a few seconds and said there is a problem with the connection to make me into believing him. And here is the story of how I "tricked" this scammer lol + +I have long been annoyed with scammers because every now and then I get scam/spam calls. I used the Page Editor extension on Chrome to create some screenshots to convince the scammer that I transferred 1 BTC to him but was blocked by Binance because of the high risk. To verify, the scammer needs to transfer 0.001 BTC ($31) back to that wallet. So he really did it haha + +[https://blockstream.info/tx/81171b2ef54c7337050cb1e99c49f8be8d6b4b73f76edaa70634758c3816a475](https://blockstream.info/tx/81171b2ef54c7337050cb1e99c49f8be8d6b4b73f76edaa70634758c3816a475) + +Then I processed to ask him to send another 0.01 BTC (310 USD) with the reason that the risk is now escalated. But it wasn't success. Let me know how to improve next time. + +&#x200B; + +**Edit:** You should **do this too**. Very entertaining and satisfy once you can scam them back haha. If everyone of us do this, the scamming industry will take a big hit. +Hi guys. + +First of all, merry Christmas, hope you had the chance to share some quality time with your loved ones. + +I took some time lately to think about my investment strategy and what could be learnt from **both my mistakes and successes**. + +___ + +* To give a bit of context here, I'm into crypto since 2013, bought my first BTC thanks to Silk Road scandal press coverage and then used BTC as a means of payment for 2 years. +Like many others, my first contact with crypto was not decisive and I had to wait until Ethereum's ICO to come back to crypto gradually.First buying a few BTCs, then taking part in TheDAO initiative mid-2016. + Well, you've probably heard about TheDAO and how it fucked the whole cryptomarket up for a few months! Could have been a better come-back but I still sticked around. + +* Early January 2017, I decided I would finally allocate some time to educate myself and to invest in crypto. I opened an account on Kraken, deposited some fiat and bought a handful of ETH. At that time, Kraken was not clogged up with traffic yet and even allowed advanced order types (like trailing stop, stop loss, take profit limit...). + +* I quickly discovered the wonderful world of altcoins, opened accounts on all exchanges and started connecting with like-minded people. Funny thing is, many of them are former poker players and were full of lessons to be learnt. Whether it was bankroll management (basically how to manage your money), self-discipline or curiosity, they really widened my perspective and sharpened my skills. + +* Since then, I had a lot of luck, made mistakes, had some really good trades and here we are, one year later, looking back on a ~7000% ROI. However, it could have been way better if I knew some basic investment principles. + + >**So, what could be learnt from this experience? How could you perfect your trading skills ?** +> +I adapted the Zurich Axioms to my experience and wrote this quick trading checklist: +___ + +____ + +> **DISCLAIMER : Consider holding if you don’t have enough free time for daytrading. Seriously.** + +> - On top of being way riskier, day-trading requires much more time than simply holding: multiple subreddits to follow, dozens of Twitter feeds to read… This is a news-driven market! + +> - Your ability to react quickly to news (eg. in less than an hour) may be key for some trades, and require almost 24/7 availability (eg. Fork news) +* Be realistic about your ability to beat BTC’s pace and ROI over time: one or two successful trades are not enough to be positive on the long term +- If you believe in BTC, the end game is to accumulate as much BTC as possible: computing your ROI vs USD is pointless and doesn’t mean anything if you underperform BTC. Same thing goes with ETH or any coin you see fit. + +____ + +**1. Resist the allure of diversification** + +* Harder to monitor (juggle between multiple positions) +* Bagholding involves less agility in investment strategy (need to sell altcoin to buy BTC then sell BTC to buy new altcoin) +* Don’t feel loyal or nostalgic towards a coin + +**2. Always take your profit too soon** + +* Reduce greed and put trailing stops to secure profit +* Plan the trade, trade the plan: prepare your exit before you enter +* Take profits all the way up (sell x% every x% of increase) + +**3. Always cut losses too soon** + +* Be rational: hope of a bounce is not a rational reason to invest +* Set stop losses and admit a losing trade: your ego is less important than your portfolio + + +**4. Avoid patterns/predictions/illusions** + +* Never try to see order where order does not exist +* No one can predict the future +* A news-driven market is highly unpredictable (unless insider trading) + +**5. Bankroll management (“BRM”) is the most undervalued skill in investing** + +* Keep at least 50% of your bankroll in cold storage and never touch it no matter what +* Always keep at least 25% of your bankroll in BTC +* 80% of your bankroll should represent 5 coins max. +* Try to keep at least 10% of your BR in fiat (helps to catch dips or opening trades in a bear market: fiat collateral doesn’t decrease when crypto crashes) + +**6. FOMO is your enemy…** + +* Never go all-in on a FOMO trade: put 50% first and see how it rolls out +* Don’t catch the falling knife, wait for the bottom to be confirmed +* Restrain from buying the top, 100% of ATHs had a pullback at some point + +**7. … and patience is your ally** + +* Do not over trade: there are many investment opportunities every day +* “Let the game come to you” +* When entering a trade, put scaled orders to average the entry price + +**8. Self-discipline** + +* Do not use leverage > x3 on a regular basis +* Change passwords every month +* Enable 2FA everywhere +* Set long term objectives (eg. accumulate XMR, BTC) and targets (eg. BTC @ $50k in 2018) to put some perspective +* Try to avoid Bitfinex/USDT as much as possible: it will crash eventually +* When an alt position is booming vs BTC, convert position to BTC gradually + + +Let me know your thoughts and what helped you raise the crypto-ladder! + +Cheers + +C + +Edit: thank you so much for all your replies and to the people who have messaged me with resources and offers to help! She is eating and drinking well and I plan to hit the ground running with phone calls as soon as places open tomorrow. + + +I know a lot of people say don't have a pet unless you can afford it. Please don't say that now. She is a wonderful cat and we love her so much. Believe me we are beating ourselves up over this. + +We got her as a kitten 4 years ago. Today she started having symptoms and we took her to the emergency vet. We pooled absolutely everything we had to cover that. Care credit declined us. + +She has a uterine infection and needs an emergency spay. They told us it would cost over $1300. + +We didn't have it. + +Our only option was to get her on antibiotics and hope and pray she makes it until the stimulus comes in and we can get her the surgery. + +I hate this. +* Revenue: $40.2 million vs. $38.9 million expected +* Excluding items, Beyond reported a loss of 14 cents per share for its first quarter +* Net loss of $6.6 million, or 95 cents per share (net loss of $5.7 million, or 98 cents per share, a year earlier) +* Beyond is forecasting full-year revenue will be higher than $210 million. Wall Street was anticipating that its 2019 revenue would be $205 million +* Net loss of $4.75 per share in 2018 on revenue of $87.9 million + + + +https://www.cnbc.com/2019/06/06/beyond-meat-q1-2019-earnings.html +Motley fool is the worst lol they'll have one article bashing a stock then an hour later tney're praising the stock. Now they're constantly attacking stocks that are highly discussed on Reddit lol who are they trying to help? Hedge funds or every day investors/traders? +Please seek other investment advice although it is getting continuously harder to find reliable information. +SEBI has not been known for its strong arm measures, though it has enough strength to do so. And there have been enough instances where a strong message would have helped. + +In a recent instance with Franklin, SEBI was quite strong. A recap + +1. Some media houses reported Franklin group CEO, Jenny Johnson, as saying that recent regulatory changes are also a reason for the issues with the 'Super Six' funds. (The comments were made to an audience of global analysts.) +2. SEBI, for a change, took serious exceptions and put out a very strong ciruclar and asked FT to focus on returning money to investors. It also gave a long history of the rule change in unlisted securities. [https://www.sebi.gov.in/media/press-releases/may-2020/sebi-advises-franklin-templeton-mutual-fund-to-focus-on-returning-money-to-investors\_46654.html](https://www.sebi.gov.in/media/press-releases/may-2020/sebi-advises-franklin-templeton-mutual-fund-to-focus-on-returning-money-to-investors_46654.html) +3. FT, later on Friday, offered an unconditional apology to SEBI, and then pointed out that Jenny's comments were taken out of context. [https://economictimes.indiatimes.com/mf/mf-news/franklin-templeton-mutual-fund-apologises-unconditionally-to-sebi/articleshow/75620296.cms](https://economictimes.indiatimes.com/mf/mf-news/franklin-templeton-mutual-fund-apologises-unconditionally-to-sebi/articleshow/75620296.cms) " "We deeply regret any unintended slight this may have caused to the esteemed offices of Sebi whom we have always held in highest regard and unconditionally apologise for the same," + +It would be good to see more strong moves from SEBI. + +BTW, there have been enough comments in social media wondering if FT expressed any small regret to investors. +At the outset, let me confess that I am not actively investing in stocks or MFs. I was a student of finance sometime back and I still read finance news with an academic interest. So, I may not really understand the practical considerations that Reliance might have had in the context of the Indian scenario. + +Having said that, I'd really love to understand why would Ambani want RIL and Jio to go debt-free. +Doesn't that take away the interest tax shields? Why give up additional cash that comes at low risk debt for trading it all for a relatively risky equity, while ceding ownership interests to others - especially in RIL, if the Aramco investment if it actually happens in RIL being at 20% is an FDI, giving them directors on the board? + +Or am I overestimating the positive cash impact of interest tax shields? +The spread in daily candles is usually 5%. It is common during a bull run to have daily green candles of 10% or more. It will only take 8 days to go from $1000 to $2000 with daily 10% increases. + +1000, 1100, 1210, 1331, 1464.10, 1610.51, 1771.56, 1948.72, 2143.59 + +Five days to go from $2000 to $3000 and so on. This is in part why the dollar value of BTC increased so rapidly once it climbed above $1000. + +Experienced traders trade on percentages. Newbies think of setting a buy or sell in absolute dollar terms and can end up selling their ETH too cheap. + +**Fun facts** [24%](https://bravenewcoin.com/Bitcoin#Trading-Pairs) of the BTC trade is in JPY second only to USD (27%). [Japans DMM Group](https://www.forexbrokerz.com/news/Japans-DMM-Group-launches-DMM-Bitcoin-exchange) will launch a trading ETH/JPY pair with leverage on January 10. The current ETH/JPY volume is [0.4%](https://bravenewcoin.com/Ethereum#Trading-Pairs). If the ETH/JPY trade gets to equal 24% then MARS. Please welcome [Mrs. Watanabe](https://www.ccn.com/mrs-watanabe-driving-bitcoin-price-higher-deutsche-bank/) to Ethland. +It's a slow day in the office and market, so I thought I would share the stocks I plan to buy January 5th. My plan is to hold these 10 stocks for the next 1-3 years. I will be putting $1000 into each stock. My wife and I already hold the bulk of our retirement funds in diversified index funds. This money will be in a taxable Robinhood account. I will include a brief DD I have done on each stock. + +About me: I am a 28 year old amateur investor with 6+ years experience, and a background/interest in statistics. My goal is to maintain steady capital appreciation through a diversified set of 10 individual stocks. I favor under-valued large companies. Hopefully from my write up, you will see some of the financial statistics I look for when I screen companies. I believe 6 out of 10 of my holdings are undervalued at current levels. Please feel free to critique this portfolio and any companies in in it. + +1. Cisco Systems (CSCO) - Cisco is the leader in networking and IP security equipment. Look at your office's phones, servers, routers, switches, and web conferencing software, Cisco's name is most likely on that product. I believe they are currently **undervalued**. Forward PE of 11.33, profit margins of 19.33%, high levels of cash to debt (3.35), and an effective management team resulting in a return on equity of 16.42%. Cisco's dividend keeps growing, and it currently yields 3.08%. Their stock price is down ~2% YTD. + +2. Honda Motor Company (HMC) - Honda is known for producing efficient, reliable cars, trucks, and motorcycles. They dominate the US with the Accord, Civic, and CR-V. They will be re-entering the truck market with the Ridgeline in 2017. I have always found Hondas to hit that sweet point with price, reliability, and smart design. I believe Honda is currently **undervalued**. Forward PE of 11.46, price to book value of .97; price to sales of .47. The vehicle business is competitive, however their profit margins (4.86%) and return on equity (8.86%) are above industry standards. They have 8.86B in operating cash flow. Dividend yields 2.2%. Stock is up 8% YTD, but down ~20% over the past 5 years. + +3. Royal Dutch Shell (RDS.A) - Shell is a huge integrated energy company. I believe it is **probably undervalued**. This is based on the fact that I believe oil prices will stabilize in the next coming years. I think we will see a further short-term dip to oil prices around $25-30. I usually would wait for a better entry point, but the dividend yield (8.18%) is too tempting. Shell is trading under book value (.90). It still is inching out a small profit. Perhaps the biggest plus to shell is its large cash reserves (31B) and operating cash flow of (34B). I like shell as a play on oil prices rising. Shell is down 33% YTD. + +4. Tesoro (TSO) - Tesoro is my hedge against oil prices staying where they are/going lower. Tesoro is a refining company that I found through some /r/investing posts (thanks!). Refiners will continue to do well with lower oil prices, and statistically-wise, they are the best refiner in the US. I believe they are **fairly-priced**. They have a forward PE of 11.53 and trade for a little over 2x's book value. Profits have grown 91% yoy. Management has been highly effective with their cash (return on equity 25.75%). They have more debt than cash on hand, but still operate with an operating cash flow of 2.16B. Dividend yield 1.94%. They are up 46% YTD + +5. Travelers Companies (TRV) -Travelers is an insurance company. I've personally used them, and found their prices and customer service to be amazing. I wanted exposure to the insurance industry due to rising interest rates. This will allow insurance companies to profit more on the insurance premiums they collect. Travelers seemed the most **under-valued** in the insurance industry. They have a forward PE of 11.57, price to book of 1.45. Profit margins of 13.62%. Management has been effective with capital resulting in a return on equity of 14.63%. Dividend yield of 2.17%. Travelers is up 6.86% YTD. + +6. Western Digital Corp (WDC) - The leader in storage devices. This company recently made a splash by acquiring Sandisk to gain broader exposure to the flash storage market. Their main rival is Seagate. Storage needs will only increase as more and more people and companies store and send data intensive files. Our world is only becoming more and more reliant on video-chatting, picture-sharing. New devices like smartphones, automated cars, and oculus will only continue consuming data. That data will need to be stored somewhere. The storage industry is becoming increasingly more consolidated. I really believe the industry is at the start of a huge transition. I believe WDC is **undervalued**. They have a forward PE of 8.16, price to sales of 1.01, PB of 1.51. Profit margin of 9.47%, Return on Equity of 14.48%. Their cash exceeds debt with a ratio of 2.68. Dividend yields 3.32%. WDC is down 45% YTD. + +7. Walmart (WMT) - The retailing giant is down 28.55% YTD largely in result to Walmart deciding to raise the pay of their minimum wage workers. This has affected quarterly YoY earnings growth (-11%). Despite the investment in their workers, I believe Walmart to be **undervalued**. They have a forward PE of 14.69, price to sales of .41, price to book 2.49 (lowest in industry). Profit margins are at 3.12%. Management has always been effective with a return on equity of 18.62%. Dividend yields 3.24%. They have tons of cash flow with an operating cash flow of 28.10B. Walmart benefits from low oil prices. They have a decent online shopping system. I expect their investment in workers to start attracting new customers. + +8. Visa (V) - Visa is a cash cow that takes 2.5% every time you swipe a credit card. They benefit tremendously from the rise of online shopping. Most people I know rarely carry cash. If you travel to under-developed countries, you will see the growth in more and more businesses accepting Visa. People have caught on to this amazing business model, and thus Visa is **over-valued**. Their forward PE of 23 is just slightly above the S*P 500's PE of 21. It trades at 6x's book value (ouch). For this high valuation, you get profit margins of 45.59%, and return on equity of 22.11%. The company has 0 debt, and pays a tiny dividend of .72%. Visa is up 19% YTD. I hate buying over-valued companies, but they are an excellent company, and I do not see them making a significant pull-back anytime soon. + +9. Nike (NKE) - Nike is the world-wide leader in athletic shoes and sports apparel. Similar to Visa they are very **over-valued**, but I want in. They have a forward PE of 25. Price to book of 8. Profit margins of 11.55%. They have stellar management with a return on equity of 28.84%. Their apparel is starting to catch on in under-developed markets, and they boast quarterly YoY growth of 20%. They pay a small dividend of .97%. More cash than debt with a ratio of 3. I'm honestly not sure if Nike is worth the high price. They are up 30% YTD. + +10. Johnson and Johnson (JNJ) - Johnson&Johnson is your friendly maker of Tylenol, Band-Aid, Benadryl, Neutrogena, and countless other consumer staples. I chose JNJ as protection in case the market has a broad decline in 2016/2017. Most likely they are **fairly-valued**. JNJ has a forward PE of 16. They have high profit margins (20%) and return on equity (19.87%). They have more cash than debt (2.51). They trade 4x's book value. Their dividend is a rock solid 2.92%. JNJ is down 1.4% YTD. + +My biggest concern right now is that I do not have any price targets set, so I'm not sure at what price I would sell my stocks. This is probably something I should research more into before my purchases. I appreciate any feedback. Hopefully this write-up will help you in becoming a better investor. +Here I'm defining "large" as 25%+. + +Key points of understanding sought: +- what are the advantages of a LDM? +- who are good brokers/providers for a LDM? +- why might LDM be a 'better deal' even if the mortgage borrowing amount is higher (e.g. 10 percent of a 200k home means borrowing 180k but 25 percent of a 300k home means borrowing 225). +Would like to share a quip for what IPO actually stands for from Benjamin Graham's The Intelligent Investor, page 154; + +"It's Probably Overpriced, + +Imaginary Profits Only, + +Insiders' Private Opportunity, + +Idiotic, Preposterous, and Outrageous" +I MADE A BIG MISTAKE: I HAVE STATED MULTIPLE TIMES IN MY COMMENTS THAT I BELIEVED THAT APRIL 16TH WAS THE LAST DATE FOR HTE OPTIONS CHAINS FOR GAMESTOP. IT SEEMS TO BE THAT THEY ONLY RELEASE THE WEEKLIES FOR GME INCREMENTALLY. THIS STATEMENT I MADE ABOUT APRIL 16TH IS WRONG, I APOLOGISE FOR ANYONE I HAVE SENT THIS INFORMATION TO! + +Get your tinfoil hat out, its time to see what you think you want to see but don't really want to. This is perfect for any newbie trying to understand what is going on and how the system has ended up the way it has. + +Tl;Dr at end. + +There are many great DD's that clearly explain Naked Shorting in 3-4 sentences that we can all agree are great. **However while looking around for DTCC ownership** and after having found [The Oil Drum](http://theoildrum.com/special/archives) (a great archive of oil related information/discussion btw), **Cede and co** which was brought to my attention a month ago. I dismissed it as a conspiracy theory until I saw the post a couple days ago **(credit:** u/bEAc0n) bringing them up again and I took it seriously for once, which then led me to try and find a website like The Oil Drum but for Shorting. + +This website is run by a **dude called Larry with 40 years of WS experience, ex-Goldman Sachs EVP, Board Member, Director of Equities+Income** and so on, he clearly brings up and explains the implications of everything to do with Naked Shorting and how it plays out in the market. You can look around his website but all he really talks about other than the Shorting is Pharmaceuticals/Bio-tech. + +I sent him an email and this was his response + +>Thanks for the kind words. +> +>No problem with your request. Here is the link you should give them. +> +>[https://smithonstocks.com/?s=illegal+naked+shorting](https://smithonstocks.com/?s=illegal+naked+shorting) (This is Part 10) +> +>If there is any movement formed to take on illegal naked shorting, I would be happy to contribute. I have been consistently frustrated in trying to get media or politicians interested. + +**Read part 8 if you want to hear about CEDE and how once a counterfeit share is created it is forever viewed as a legitimate share unless if the company bring all shares back into itself to verify them (basically once counterfeited it exists forever, as a shareholder meet only verifies the shares owned by the ppl who will vote iirc)** + +[**Part 1**](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/)**,** [**Part 2**](https://smithonstocks.com/part-2-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-conventional-wisdom-on-how-illegal-short-sales-are-executed/)**,** [**Part 3**](https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/)**,** [**Part 4**](https://smithonstocks.com/part-4-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-who-are-the-key-players/)**,** [**Part 5**](https://smithonstocks.com/part-5-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-traditional-shorting-compared-to-naked-shorting-both-legal-and-illegal/)**,** [**Part 6**](https://smithonstocks.com/part-6-illegal-naked-shorting-the-secs-regulation-sho-is-intended-to-prevent-illegal-naked-shorting-but-is-ineffective/)**,** [**Part 7**](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/)**,** [**Part 8**](https://smithonstocks.com/part-8-illegal-naked-shorting-series-who-or-what-is-cede-and-what-role-does-cede-play-in-the-trading-of-stocks/)**,** [**Part 9**](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-the-risk-reward-of-shorting-versus-buying-stocks-is-extremely-unfavorable/)**,** [**Part 10**](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-legal-shorting-of-stocks-is-a-losers-game-but-illegal-naked-shorting-transforms-it-into-a-winners-game/) + +This is the important part: a quote from Part 8 if you dont want to read the whole series + +>**While you may think you are buying registered stock, you are actually buying a financial derivative related to that stock.** **Effectively, you are buying a financial derivative from brokers of a financial derivative they hold from Cede that is just a digital entry in your DTC account.** +> +>Cede is at the center of the current, paperless electronic trading system that enables lightning fast trading of large blocks of stock by institutional investors and computers. Unfortunately, the intention  in designing it was to provide liquidity and reduce settlement risk. There is virtually no transparency in the system. Disturbingly, there are loopholes which allow for the counterfeiting of shares by market makers on a massive scale through illegal naked shorting and other measures. **At present, there is no way for an outsider or even the securities industry’s regulator, the SEC, to meaningfully detect and track these counterfeit shares. Once created counterfeit shares go on to be treated the same as legitimate street name shares** + +**TL;DR: until the people at the top (aka CEDE and co) are brought into court/subpoenad we will never ever have a truly free financial system, they control everything and it is up to them to decide how and where the stock market goes. Their company valuation is somewhere in the region of $34T as of 2019 IIRC yet it is a private firm? This means some very big people and organisations are playing a very big game that we are not a part of.** + +Edit: apparently people cant bother to even type "Cede and co" into the internet. [https://en.wikipedia.org/wiki/Cede\_and\_Company](https://en.wikipedia.org/wiki/Cede_and_Company) + +Edit 2: u/rensole has commented that he will be looking at this!!!! + +Edit 3: I appreciate all of the awards, but go out there and get some GME instead! + +Edit 4: I might disappear in the next few weeks, jks but not jks, so sorry in advance if i die + +Edit 5: Gonna sleep now, its past midnight where I'm at so I gotta get some sleep, leave your comments and dms and I'll get back to them in the morning. +Not sure if this is the right place to post, but I figure readers of r/economics would know better than any... + +I recently graduated with a bachelors in Econ & English. I have experience as a computer programmer (not much). I'm 22 years old, and I'm not exactly sure how an econ degree could be put to use in the real world. + +Pretty much anyone I ask says "oh with an econ degree you can pretty much do anything!" And while I appreciate the fact that my options are open, having too many options seem to be just confusing for me. I think my job-searches would be much simpler if I knew exactly what I could be doing with a degree in Econ. + +Thank you for any advice. +Received an email out of blue with no indication about increase in fees. Clicked on links in the email and found out that the "Indirect Cost" has gone up around 50%. Does anyone have any idea why such a big jump and is it only SunSuper ? +Is it just me or are the prices of mangoes absolutely bonkers this year? + +If so, why? Backpacker shortage? Weather? + +&#x200B; + +I'm afraid I'm not prepared to pay $3.50+ for 1 mango, so I haven't had a single mango. +I’m about to have my second kid in a few months and I’m trying to brainstorm ways to make life a bit easier and I wanted to ask this group if there was anything that was particularly worth investing in. + +So far, I’ve come up with meal prep services, grocery delivery, and additional cleaning service. I have tried to talk my wife into a nanny, au pair, or even just a night nurse but she has so far balked at those ideas. +A few weeks ago I purchased an Astro A50 wireless gaming headset from their amazon warehouse (used) because it was 20% off warehouse items. When I received the item, the headset worked fine but the wireless part didn't. I noted that on my return and returned the item back a few days later. A few days ago they emailed me saying they received the item, but it was the wrong serial # so they are discarding it and that I need to return the correct item back. + +I've been going back and forth with their amazon specialist team stating that i sent the exact same item back, and that if i really wanted to swap out for a broken item, why would i purchase a used headset vs a new one? + +This is very frustrating since its a bigger purchase $200 and I feel like I am losing $200 because the previous worker who accepted the return did not check to see if the serial #'s were matched so I got screwed over. + +I've been a prime member for years with no issues on the few returns I've done, and this is the first time I've had to deal with this + +Is there anything I can do to get a refund or am I out of a luck? I would rather not do a charge back and get banned because I use amazon for a lot of purchases. + +EDIT: thank you guys so much for your help! didn't expect this many responses. I will continue pushing this until I get a refund. thank you again everyone +bought low sold high, tell us all!! + +EDIT: Thanks for all the comments! The best part is that you all made that money by sitting on your computer! The internet wins again! +I’m currently reading the BRRRR book, and being the first book on real estate investing, it has a lot of what seems to me great information. + +I was looking into getting two of their other books, Rental Property Investing and The Book on Estimating Rehab Costs, but I would like an opinion on if they are worth it. Obviously, BP is a business that needs to make money, but I just want to make sure i’m not paying money for repeated information without more substance. + +If there other non BP that you think would be helpful feel free to lmk +Legitimate question that I can not find any reputable sources for ... so I'll ask reddit! + +This comes from the Covid-19 3.4% mortality rate as stated by WHO. The current Confirmed mortality rate worldwide is 13% but their research leads them to believe it is around 3.4% + +This would be 12 million Americans, almost, if EVERY American contracted the disease, which is unlikely. But having 70 million Americans become infected, and doubling the triage deaths to an overwhelmed healthcare system would be around 5 million for a relatively solid number. + +So I ask, if there is an answer, would this amount of deaths, or even 10 million in 2020, or this number happening in 2020, then again in 2021, then again etc... cause a recession to occur due to the high volume of deaths and the disruption and panic it would cause? + +Because, if it likely wouldn't, since the virus is here to stay maybe all this work our countries are performing to try to control the virus is meaningless in the end. +I've searched around quite a bit for this, and found the results rather lacking. For the most part, the consensus -- to the extent that such a thing exists -- seems to to follow one of the following lines of thinking: + +(1) Inequality is inefficient because it is caused by rent-seeking. Rent-seeking is inefficient, therefore we should combat inequality. + +(2) Inequality is inefficient because it reduces capital investment. From what I've seen of this, it seems to rely on a bit of a secular stagnation riff, in which a certain portion of the wealth going to a certain small group of people depresses aggregate demand to the point where that small group of the overly advantaged no longer has anything to invest in. + +The problem is I don't see -- logically speaking, as alas I'm rather too much an economic ignoramus to decipher the empirical explanation -- how either of these explanations would point to inequality being *inherently inefficient.* The first one seems to be a problem of human capital. If there is inequality to such an extent that [rent-seeking is self-perpetuating](https://www.brookings.edu/experts/richard-v-reeves/), and therefore hedges out individuals who are then unable to develop their human capital and contribute to the economy, the problem still remains rent-seeking: the inequality -- assuming here a class-conscience effort to "dream horde" -- just makes that rent-seeking behavior more difficult to eradicate. + +The second approach would perhaps be more convincing than the first. However, assuming its implications are correct, this is still a problem of low aggregate demand and not necessarily *inequality* per-se, it's poverty. Whatever your explanation for the *cause* of inequality -- be it rent-seeking, overall beneficial technological change, or something else entirely -- if one is to accept this hypothesis, wouldn't the solution be stimulus, not a direct attempt to cut down the rich and raise up the poor? Considering that [secular stagnation is in itself hotly debated](https://www.brookings.edu/blog/ben-bernanke/2015/03/31/why-are-interest-rates-so-low-part-2-secular-stagnation/), this hypothesis has a lot to answer for. + +I haven't, then, been able to find a reason why inequality is inefficient, and therefore why we should focus on inequality itself and not its root causes. Perhaps the good people of r/askeconomics might help? + +I've heard my entire life, from every direction imaginable, that the "Rich take our money, and find loopholes to keep it!" Never ends. Sometimes new or more explicit phrasing, but typically always the same vibe. + +On taxfoundation.org it states that the top 1% of American earners paid more than the bottom 90% combined. https://taxfoundation.org/summary-of-the-latest-federal-income-tax-data-2020-update/ + +So, with this in mind, were there "loopholes" that the wealthiest of Americans took advantage of to pay even LESS, or not at all, even if the other wealthiest took up the slack? Do these loopholes even exist? And if so, could the AVERAGE american ever take advantage of them like the wealthiest Americans can? Can I get in on some of that sweet sweet tax evasion? Or do I need what people tout "Some fancy lawyer" to do some law magic for me? + +Genuinely curious. Try to keep this as apolitical as you can, please. +Guten Morgen to this global band of Apes! 👋🦍 + +These are wild times indeed. +Yesterday, I was convinced that the split shares disappearing over the weekend would be sorted out in short order, but the issue appears to have ignited a major controversy. +It seems that the DTCC treated the split-by-dividend as a split, and did not distribute any of the dividend shares. +They told the brokers who they were obligated to provide splividend shares to that it should be treated as a split. +They caused international brokers to do a 4:1 split. +The question remains, though. +Why did the DTCC do this? + +This event, while very unsettling, is also very exciting to me. +While not incredibly common, a split in the form of a stock dividend is far from unusual. +GameStop did not tread some unknown path here. +While some brokerages may have unconventional ways of handling such events, they will undoubtedly have done such transactions in the past for other securities. +The fact that this highly-anticipated, high-visibility split was mismanaged so spectacularly is telling. + +There is a reason that the DTCC attempted this approach. +They knew that they would not have the shares to distribute for the dividend. +The DTCC is likely the one place that knows *exactly* how many phantom shares exist. +They know how many dividend shares they'd receive to distribute. +They chose to tell the brokerages that this was a simple stock split so the brokerages would not come asking for the shares to distribute. + +I have no idea how this is going to play out, but I am incredibly excited for what is ahead. +The split by dividend is the match that ignited a fire that they are scrambling to put out. +Meanwhile, Apes around the world HODL with Diamantenhände, fanning the flames with stacks of DRS confirmation letters. + +Today is Tuesday, August 2nd, 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: **$34.35 / 33,56 €** *(volume: 3781)* +- 🟥 115 minutes in: $34.21 / 33,43 € *(volume: 3657)* +- 🟥 110 minutes in: $34.51 / 33,73 € *(volume: 2210)* +- 🟥 105 minutes in: $34.52 / 33,73 € *(volume: 2210)* +- 🟩 100 minutes in: $34.52 / 33,73 € *(volume: 2186)* +- ⬜ 95 minutes in: $34.46 / 33,67 € *(volume: 1882)* +- 🟩 90 minutes in: $34.46 / 33,67 € *(volume: 1475)* +- 🟩 85 minutes in: $34.14 / 33,36 € *(volume: 1350)* +- ⬜ 80 minutes in: $34.11 / 33,34 € *(volume: 1325)* +- 🟩 75 minutes in: $34.11 / 33,34 € *(volume: 1308)* +- 🟥 70 minutes in: $34.11 / 33,33 € *(volume: 1238)* +- 🟥 65 minutes in: $34.52 / 33,73 € *(volume: 899)* +- 🟩 60 minutes in: $34.53 / 33,75 € *(volume: 849)* +- 🟥 55 minutes in: $34.53 / 33,74 € *(volume: 768)* +- 🟥 50 minutes in: $34.53 / 33,74 € *(volume: 768)* +- 🟩 45 minutes in: $34.55 / 33,76 € *(volume: 753)* +- 🟩 40 minutes in: $34.53 / 33,74 € *(volume: 724)* +- 🟩 35 minutes in: $34.52 / 33,73 € *(volume: 657)* +- ⬜ 30 minutes in: $34.51 / 33,72 € *(volume: 557)* +- 🟥 25 minutes in: $34.51 / 33,72 € *(volume: 252)* +- 🟩 20 minutes in: $34.52 / 33,73 € *(volume: 245)* +- 🟩 15 minutes in: $34.49 / 33,70 € *(volume: 245)* +- 🟩 10 minutes in: $34.48 / 33,70 € *(volume: 206)* +- 🟩 5 minutes in: $34.48 / 33,69 € *(volume: 167)* +- 🟥 0 minutes in: $34.44 / 33,66 € *(volume: 167)* +- 🟩 US close price: $34.78 / 33,99 € *($34.62 / 33,83 € 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 1.0233. 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! +Currently own 160 of the infamous $GME. Looking to make a quick play selling a covered call. I’m currently thinking Oct 14 $30 call. Never sold a CC before and am very new to the theta gang strategies/options in general. + +Before you tell me that I shouldn’t be trading options if I don’t understand them, let it be known that I am truly regarded. + +Any advice welcome. +Other than any cash we hold not being worth as much and products becoming more expensive, what will this rise in inflation mean? Is there anything we can do to counter it? Do you expect it to rise further? And what is the impact on any investments? +The filing came out yesterday. + +369 (nice) pages long. I read almost everything and summarized it in this video. **Watch the video before reading the below. You will not have context.** + +[https://youtu.be/L4eWbGc1cMM](https://youtu.be/L4eWbGc1cMM) \- PRO TIP: Use the YouTube video speed changer if it is reading too slow for you. Or more likely, too fast. + +The filing - [https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-010.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-010.pdf) + +In short, these are not market regulations. This is more a "new service" that the DTC/NSCC is trying to offer institutions. The things mentioned in this filing make me believe like they are trying to set up a standard operating procedure for the possible event of a MOASS. Specifically, they are trying to "Safeguard" institutions and other public investors (us) not to suffer on the event in which multiple hedge funds need to liquidate as their losses become unbearable and they need to cover their shorts by selling their entire portfolio. + +Remember Archegos? They lost $20 billion in 2 days and their bet wasn't even GME or the other stock related. + +*"*[*As Bloomberg reported*](https://www.bloomberg.com/news/features/2021-04-08/how-bill-hwang-of-archegos-capital-lost-20-billion-in-two-days)*, Hwang’s portfolio grew to USD100 billion. This would equate to 5x leverage in a cash portfolio. Under US regulations, PBs are allowed to extend credit on a cash portfolio up to 6.6x; i.e. a 15 per cent portfolio margin requirement."* + +*"On March 26, 2021, banks offering* [*prime brokerage*](https://en.wikipedia.org/wiki/Prime_brokerage) *services to Archegos started to liquidate billions of dollars' worth of various* [*stocks*](https://en.wikipedia.org/wiki/Stock) *after it had failed to meet a margin call. The stocks were reportedly tied to the total return swaps held by Archegos. This sale was reported to be the cause of a 27% plunge in share price of* [*ViacomCBS*](https://en.wikipedia.org/wiki/ViacomCBS) *and a similar fall in the price of* [*Discovery, Inc.*](https://en.wikipedia.org/wiki/Discovery,_Inc.)[*\[6\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-jcwsj-6)[*\[8\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-:0-8)*"* + +Just to add, Bill was begged to sell his position in Viacom as it began to decrease in value suddenly, but refused to listen probably due to his superiority complex. Sounds oddly like the same sentiment that shorts who refuse to cover have, eh? + +"*On March 29, the share price of Credit Suisse was down by 14%, while Nomura Holdings shares declined by 16%.* [*\[5\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-sfdt-5) *A press release from Credit Suisse said that "the loss resulting from this exit ... could be highly significant and material to our first quarter results."*[*\[16\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-cs-16) *According to* [*The Wall Street Journal*](https://en.wikipedia.org/wiki/The_Wall_Street_Journal)*, Goldman Sachs and Morgan Stanley were able to limit their losses relating to Archegos by acting more quickly than Credit Suisse and Nomura Holdings.*[*\[8\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-:0-8) *Other banks, such as* [*Deutsche Bank*](https://en.wikipedia.org/wiki/Deutsche_Bank)*, were able to close their substantial positions quickly and avoid any losses.*[*\[17\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-17)[*\[18\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-18)*"* + +&#x200B; + +https://preview.redd.it/aj1j9jxr30d71.png?width=608&format=png&auto=webp&s=f56422651119a55f622b6bcecea9d7df1d91fa25 + +Even with such a horror story, hedge funds remain ultra leveraged. The DTCC/NSCC probably used Archegos as a case study and saw how these banks pretty much tried fucking each other over to firesell their positions before the others did - which is exactly what this new DTCC/NSCC service is trying to prevent. Implosions of hedge funds like this cause obvious rippling effects across the financial system. + +Last number I saw for Melvin was that they were still at a \~47% loss YTD. That $3 billion dollar injection from Jenny and Stacie is HALF of the capital left in Melvin (12B > 9B > 12B > 6B). + +Now imagine 20 Archegos sized hedge funds imploding all at the same time due to various margin calls. + +That isn't even unreasonable to think. [hf-implode.com](https://hf-implode.com) looks like an old website that someone made to track every hedge fund that imploded back in 2007 and 2008. "We counted 117 major funds at 71 outfits "imploded\*" from the 2007 crash" + +117! No wonder that shit took forever to recover from, everything was literally fucked. I think institutions are getting nervous and want to make sure they get their fucking money if anything goes down. + +&#x200B; + +Alright that is it. I will be making a follow up video that includes some more details like I mentioned above and some other comments on the filing itself, so make sure you subscribe to my StonkTube. +# The Short-Selling Party at GameStop Is Over. h + +&#x200B; + +**Gamestop** (NYSE:[**GME**](https://investorplace.com/stock-quotes/gme-stock-quote/)) stock was one of the great stories of early 2021. + +A short squeeze driven by small investors sent stock in the video game store chain soaring early last year, from $25/share to a high of over $300. The arrival of **Chewy**(NYSE:[**CHWY**](https://investorplace.com/stock-quotes/chwy-stock-quote/)) founder Ryan Cohen as chairman, and the hiring of [new management](https://www.cnn.com/2021/06/09/tech/gamestop-new-ceo-cfo/index.html)from **Amazon.Com** (NASDAQ:[**AMZN**](https://investorplace.com/stock-quotes/amzn-stock-quote/)) caused many of those investors to believe a turnaround was imminent. + +It’s not. When the company’s Christmas quarter numbers came out in March, it reported anemic growth of 6% year-over-year, and [a loss of $381 million, $5.25 per share.](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results)  Beyond [a stock split](https://www.thestreet.com/memestocks/gme/gamestop-stock-ryan-cohens-clever-plan-to-limit-shareholder-dilution) that only seems to benefit management, nothing has changed. + +[**GME**](https://investorplace.com/stock-quotes/gme-stock-quote/)GameStop Corp.$121.65 + +The Bull Case for GME Stock + +The bull case for Gamestop starts with a failure, cloud gaming. + +**Alphabet** (NASDAQ:[**GOOG**](https://investorplace.com/stock-quotes/goog-stock-quote/), [**GOOGL**](https://investorplace.com/stock-quotes/googl-stock-quote/)) promised to transform the industry with its [Google Stadia](https://stadia.google.com/), but it’s looking increasingly like just another app store. There’s too much latency, too much time between you mashing a button and your opponent across town being able to respond. Even in the U.S., which has half the world’s cloud data centers, local networks are slow and expensive. + +This means there’s still a niche for retailers who sell physical games and game machines. Gamestop fills that niche. But the niche should decline over time. Cloud gaming is coming. + +No one wants to bet against Gamestop, however, or especially short it, given [what happened to **Melvin Capital**](https://nypost.com/2022/05/02/melvin-capital-down-23-3-year-to-date-as-founder-looks-to-shut-down-fund/), which led the shorts last year. Even today, shorts are [in an uncomfortable position](https://www.thestreet.com/memestocks/gme/gamestop-stock-short-sellers-are-not-in-a-comfortable-position) as retail investors continue to support the stock. + +### The Bear Case for GME Stock + +The question is, why? + +Cohen has turned his attention to **Bed, Bath & Beyond** (NASDAQ:[**BBBY**](https://investorplace.com/stock-quotes/bbby-stock-quote/)), the home goods retailer. After taking a position in the stock, he convinced the board [to seek a sale](https://bedbathandbeyond.gcs-web.com/news-releases/news-release-details/bed-bath-beyond-inc-announces-cooperation-agreement-ryan-cohen), first of its Buy Buy Baby unit, then possibly the whole company. He turned into just the kind of Wall Street shark he once criticized, taking out companies to take them apart. + +What of Matt Furlong, the hotshot Amazon executive hired as CEO? He made [$16.7 million](https://www.marketwatch.com/story/gamestop-ceo-matt-furlong-got-paid-16-8-million-in-2021-for-a-half-year-of-work-11649783285) for a half-year of work, but he has done nothing to improve operations. Since dropping chief operating officer Jenna Owens [late last year](https://www.retaildive.com/news/gamestop-coo-is-out-after-7-months-on-the-job/609218/), the only release Gamestop has sent out about operations concerns [a token for NFTs](https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x). + +[**8 STOCKS TO OWN INSTEAD OF TESLA FOR THE EV BOOM**](https://signup.investorplace.com/?cid=MKT557071&eid=MKT594178&encryptedSnaid=&snaid=&step=start) + +Bulls talk about insiders buying, about the stock split and about Gamestop having [“meme stock power.”](https://www.thestreet.com/memestocks/gme/3-reasons-to-buy-gamestop-stock)  What does the last even mean? It seems to mean that the small investors who bought the meme aren’t abandoning the name. But that’s not a business case. + +Professional analysts have given up on Gamestop. *Tipranks* lists just one, who wants you to [sell it.](https://www.tipranks.com/stocks/gme/forecast) Their price target is $30/share, 75% below where it’s trading on May 3. + +### The Bottom Line + +There are very few retailers that sell at a premium to their sales. **Costco Wholesale**(NASDAQ:[**COST**](https://investorplace.com/stock-quotes/cost-stock-quote/)) does and so does **Target** (NYSE:[**TGT**](https://investorplace.com/stock-quotes/tgt-stock-quote/)). **Walmart** (NYSE:[**WMT**](https://investorplace.com/stock-quotes/wmt-stock-quote/)) sells for about 73% of sales, and **Home Depot** (NYSE:[**HD**](https://investorplace.com/stock-quotes/hd-stock-quote/)) for about 40% of sales. + +Gamestop is losing money and sells for 1.5 times its sales. The valuation makes no sense. Full year sales in fiscal 2022, which ended in January, were 20% ahead of a year before. But they were also $450 million behind where they were in the pre-pandemic year of 2020. + +When there are so many good stocks selling at deep discounts to the value of their businesses, Gamestop stands out. Not in a good way. Its priced way above other retailers, and it’s not a tech stock, even though it sells software and chip-laden game machines. + +My advice is that you walk away. Do it quietly. Don’t tell anyone until you’re out. But sell, now. If you got in early, take your winnings. If you got in late, accept your losses. But sell. +All they have left is the argument of deflection & misdirection. + +So in their convienient ways, consider that Citadel's Ken Griffin recently purchased an estate in Miami / Miami area - to the tune of 130 million dollars! I genuinely could care less, I love my way of life. Yet, in this mixture of daily life - while MANY are struggling just to put food on the table, amidst the highest growth rate of inflation witnessed in over 40 plus years- a face comes on air and tells you that YOU are the reason the shit is falling apart. + +Oh contrare, it is the two-faced individuals like Kenneth Griffin that causes many of "us" to suffer. He is not alone!!!! The Paul Tudor Jones, Finks, Steve Cohens, Marc Cahodes, puck n choose - they are incredibly genuine, make no mistake, they benefit from our demise! I don't fault their wealth, I fault them for the means the use to ascertain their wealth! Just what is it each of them produce???? Hot air ! + + +Now let's look at the due diligence presented by the superstonk's contributors. A conscientious onlooker could easily understand that the labyrinth of members and "rules" are designed to do one thing, and one thing only: deflect & misdirect! + +Believe whatever it is you believe, the truth is that you and I, unless properly initiated, are not to know the truth! When you buy & DRS GME you are challenging the system of deceit, yet I would argue, you are truly investing in a company preparing to tackle the greatest and most challenging need of modern times, INVESTING! + +They call it gambling, or a casino. It is anything but... it's a hydra composed of lies. Are all the actors bad people? NO but unless that regime comes out fully and tells EVERY truth, they are just as guilty as those who take our money. It takes courage, yes, but there again, for them to claim plausible deniability, I ask this simple question: then why are you in the world stocks? for the same reason the Ken Griffin's are, to amass wealth! To have that sweet ass home, to enjoy the boats, and ride in luxury. + +Some if not many, just want a decent meal. + +And I want fair - nothing less is acceptable. +Buffett: "Never." + +Lynch: "Only when your story changes." + +Graham: "After two years or you've achieved 50% returns, whichever happens first." + +So which one is it + +EDIT: MAN this thread was a mess. I sold 40% od my position in a company and kept the other 60% held there for potential upside to catch. I took out a small amount for personal things (a very small amount) and left the rest in my portfolio to move into two other investments, one new one and bolstering a current holding with more weight in my portfolio. Either way, yesterday was a good day. +I hate to be that guy right now, but if you're going to head off to view our favorite company's stream and participate in the chats or reply to video game related posts, strive to keep the discussion related to said video games. Instead, redirect people who are new to gaming and eSports the GameStop's YouTube channel and Twitch accounts instead. I believe there are a few videos right now that the hosts are putting out that are essentially a beginner's guide to streaming and eSports. I'll post a link to that segment below. + +[Shout eSports](https://www.youtube.com/playlist?list=PLhl8wTgV_m1q4RgKtrYInK9JnMTe1Pd22) + +I'm a pretty avid gamer, and a personal level, it actually irritates me a little when I see it. + +But, that aside, keep hodling. + + +**Edit 4:05pm 7/2/2021** + +Someone asked why, and that's fair. I'll just post a link to the [reply](https://www.reddit.com/r/Superstonk/comments/ocibjq/friendly_reminder_try_to_keep_stock_talk_off_of/h3v29ea?utm_medium=android_app&utm_source=share&context=3) I made to someone else's post. + +Have a good 4th of July weekend, y'all. + With each passing year, it appears that more and more P2E games are being released. I’m having a hard time choosing which one I’m gonna invest in since there are a lot of promising games that are going to be released soon. I don’t want to miss out on the great ones. As of now, I’m looking into [k4 Rally](https://k4rally.io/?r=1), [Defimons](http://defimon.io/), [Illuvium](https://www.illuvium.io/), [Legends of Elumia](https://www.elumia.io/), and [Metawars](https://metawars.gg/). Super short description of the games: K4 rally is a rally racing game, Defimons is like bootleg pokemon, Illuvium is an open-world game that reminds me of monster hunter, LOE is an MMORPG, and I don’t have any idea of Metawars that much since I just saw it before posting this lol. I might as well include it so I can know your insights on it because I can’t access their site right now. +There are a lot more games that I want to include but I’m not sure of those yet. As you can see, I'm not concentrating on a single game genre. So, if you have any suggestions, please leave them in the comments and I will do my own research on them. +Which one are you most excited to see? +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1521485346940362754) .@The_DTCC Now that retail knows we can use the Freedom of Information Act to secure all FTD data for stonks like $GME #GME, will the #DTCC be streamlining FOIA requests? Retails knows the information is readily available and accessible on DTCC computers. + #DRSGME + #FOIAtheDTCC +Arrived in Canada in 2019 so I'm pretty unfamiliar with the investment options available. + +As of now I have 25k in savings (plus another 30k that is already invested abroad and will probably remain there for now), and 12k of student loans (won't have to start repaying the loan until mid-2024). + +I just opened an account with RBC Direct Investing (was already a client) and now I'm trying to understand how to invest and what some good options would be for my portfolio. A few questions: + +1) To start investing should I transfer money from my checkings account to the TFSA and subsequently use that money to purchase investment titles? + +I checked with CRA and my TFSA contribution room is 24000 which pretty much matches what I have in savings. + +2) At this moment I'm favouring low risk, fixed income investments as I went back to school and will have student loans to repay eventually (12k). I saw in another post that someone suggested the Horizons High Interest Savings ETF. + +Would something like that be a good idea for now? And in case I decide to go ahead with it, do I just select it on the RBC app and buy however much I plan to invest? + +3) Back where I'm from government bonds usually had high yields and it wasn't hard to purchase them directly. Haven't seen an option to buy bonds directly on RBC's app though. Is there any way to do that here? How can I find the annual interest rate on bonds being issued now? + +4) Any other investment suggestions/advices are appreciated. +I have seem number of people holding PNG in their portfolios here. I wanted to ask why is this marine tech company attractive for ppl at this point in time? What are some of the upsides you guys are seeing? +Preamble: For research purposes I built out a kalman filter stat arb. model inspired by Ernie Chans kalman filter mean reversion model. I then backtested it on a long-short bitcoin etherium portfolio. For a more in-depth breakdown of the strategy and concepts see: Chan, E., 2013. *Algorithmic trading: winning strategies and their rationale* (Vol. 625). John Wiley & Sons. + +**The model** + +The model uses a kalman filter regression to calculate a hedge ratio between bitcoin (BTC) and etherium (ETH). It then monitors the value of the hedge portfolio looking for moments of diversion to enter long or short positions. The test data was compiled BTC and ETH data in 4H time intervals spanning 1035 days. + +**The Backtest** + +a step by step procedure below: + +1. Use kalman filter regression (as seen in EC's book) to calculate the hedge ratio between BTC and ETH + +2. Calculate a spread as: S = BTC - (Hedge Ratio \* ETH) + +3. Calculate Z score of the Spread (S) using a rolling mean and std. (can use half life from kalman calcs or a set lookback period eg. 10) + +4. Define long entry as -2, short entry as 2 and trade exit as 0 + +5. enter a long position when Z score <= -2,exit trade when Z score >= 0 + +6. enter a short Z score >= 2,exit trade when Z score <= 0 + +**Figures and results** + +*fig 1. Sample of Kalman spread Z score with trade entry* + +&#x200B; + +https://preview.redd.it/gq2aqemc5i871.png?width=1615&format=png&auto=webp&s=7c64c35f4b635c3ede36aea70b3a2a5c299eb5ca + +*fig 2. Sample of cumulative portfolio return with trade entry* + +&#x200B; + +https://preview.redd.it/80gl1gpm5i871.png?width=1627&format=png&auto=webp&s=36b6cc63c21a9f699a22de665f06fbef1c2de8f4 + +*fig 3. Total Cumulative Return (1035 days of test data)* + +&#x200B; + +https://preview.redd.it/tqnc33406i871.png?width=1527&format=png&auto=webp&s=6a853f545c959b1681567c105a2921d887870905 + +*fig 4. Results Summary* + +&#x200B; + +https://preview.redd.it/kfx8etv56i871.png?width=750&format=png&auto=webp&s=04082e874ca1dbf7a48b956019a54d687a79951f + +**Discussion** + +* It was cool to see an alpha directly from a book applied to a different asset class still continue to work +* The Z score is calculated as (observed\_spread - spread\_rolling\_mean) / (spread\_std) +* Long-short entries were very wide meaning the strategy was low touch (27.05% time in market).would work well paired with other low touch strategies +* No apparent long short bias with strong returns and performance metrics +* Live trading results would vary significantly with t-costs slippage etc... this was just a side project. +I'm the creator of [PyPortfolioOpt](https://github.com/robertmartin8/PyPortfolioOpt), a python portfolio optimisation package. Last month I released a major update, with the highlight being an implementation of the Black-Litterman (BL) method. Although BL is typically applied to multiasset/equity portfolios, based on a quantitative research internship last summer I've found that it **can be quite useful to optimally weight portfolios of signals / return streams.** + +The main advantage of BL over traditional mean-variance optimisation is that it allows you to specify the confidence in your estimates of expected returns. A major criticism of BL for traditional equity portfolios is that it is quite hard to come up with a proper number for confidence. However, in algotrading, you have a wealth of backtested performance data from which you can derive confidence estimates. + +Thus, when applied to algotrading, **BL provides a way of combining multiple trading signals optimally**, taking into account both the covariance of return streams as well as your confidence in them. BL certainly isn't perfect - because it is a single period optimiser, there is an additional degree of freedom in choosing the rebalance period, but this can only really be resolved by using multi-period optimisation (MPO) which is rather difficult to implement. + +For more on the theory behind Black-Litterman and how to use it in python, check out the [documentation page](https://pyportfolioopt.readthedocs.io/en/latest/BlackLitterman.html). I've also got a slightly more detailed explanation of its application to algotrading on this [blog post.](http://reasonabledeviations.com/2020/01/04/black-litterman-algotrading/) + +Would love to hear people's opinions in the comments! Always happy to discuss if you think any of these ideas can be improved. +I personally missed Elongate, BonFire and other moonshots but : + +&#x200B; + +There are one or two Memecoins that are waiting patiently to moon, one of them is 100xCoin. Like for real, they have a doxxed degen dev/owner that streams everyday to keep his community updated and a hyper-active community, I think the Telegram has over 17,000 members \*sign of moon\*💯 + +💎And bro, I saw bonfire at 40m MC and I was like...that's it for the coin...its not going up anymore. Guess what, it did do another 10x from there and is still going up! + +One thing I have learned from investing in crypto is that you are never too late for a coin. I thought that I was too late for Doge when it was 2 cents...now I look back and think, man, we are at a casino and if you want to make money you need to have big balls and patience.💯 + +💎100x got a few secret weapons though, UNLIMITED MARKETING BUDGET and CELEBRITY ENDORSEMENT, those two will send the coin beyond uranus. 🌕 + +💎Oh, I forgot something...they are about to drop an app that will allow people to buy the coin directly from their debit cards, so you degens will be able to buy without going through the torture of Pancake Swap💳 + +💎After engaging with the 100x community, I think they are one of the most undervalued projects out there. I am about to top up my bags!!💰 + +💎Don’t be like me and think it's late for crypto. LOOKS LIKE YOU WILL ALWAYS BE EARLY IN 100xCOIN 💯 + +&#x200B; + +&#x200B; + +**Tokenmoics💸** + +&#x200B; + +💲3% Goes to autoburn so the value of your tokens increase overtime + +💲5.5% Fee is added back into liquidity. + +💲1.5% Goes to marketing + +&#x200B; + +\------------------------------------ + +⚡️ Social Media: + +&#x200B; + + Telegram: [https://t.me/ELOofficialchat](https://t.me/ELOofficialchat) + +&#x200B; + + Website: [https://www.100xcoin.io/](https://www.100xcoin.io/) + The [market cap growth](https://i.imgur.com/90lL6mT.jpg) for crypto is right on track with increasing volume. I think people had it too good the last year and got spoiled with unrealistic expectations. From my perspective, it's hard to go wrong buying and holding. This isn't a market for day trading. Anyone who tells you otherwise is getting lucky. There is no reasonable math/science/economics of any kind that works for crypto other than long term holds. In the short term, it's a crap shoot and highly manipulated. Stop worrying but also stop trying to get rich overnight. Pick up a company you like, put the coins in a wallet and don't look at them for a month. +It'd be great to drop my $953/month mortgage for my $2,400/year dividends. I know there would be taxes to pay for selling stock but to pocket that mortgage amount each month seems like a no-brainer. I do understand that stock returns can outpace my 4.5% mortgage rate, but to drop that mortgage makes so much more sense. Can r/investing provide me some insight I may be missing on this decision? +Hello all, I was wondering how many people would want to share how long they have been successfully selling options for income. + +I gave myself one year to tinker and learn, but my current hypothesis to test is if it is possible to make between 1% to 2% per month. + +At the same time, I am getting exposed to the fact that “black swans” events can suddenly zero your profits, so I was wondering if there are people that actually are managing these levels of returns and for how long! + +Have a great day! + +PS: currently I am not interested very much in any specific strategy (even if I am now considering covered strangles on indices or non-meme stocks) or the absolute value of the returns, as it depends on person to person (but I would look at around 3k USD per month) + +[View Poll](https://www.reddit.com/poll/rqd6fj) +Hi, + +I need a bit of advice on a change to my pension plan that my employer is opting us all into by default. + +I am currently on a salary sacrifice scheme. I earn £21k, I pay 4% into my pension and my employer pays 4%. +Today we were told of a new pension scheme that everyone is being opted into. + +Their intention is to have everyone making 0% employee contributions to their pension, with the company making 8%. From what I can tell, this is fine as it meets the required 8% total with a minimum of 3% employer contributions. + +However, they're also expecting everyone to take a pay cut to offset the fact that we no longer will be contributing 4% ourselves. The company is adament that this is better for us in the long term, and showed some numbers to "prove" we'd be almost £100 better off per year. + +They're pitching it to everyone that we'll pay less income tax etc via the lower salary, but I was doing that anyway when I was contributing 4%. + +I'm struggling to see how this could be beneficial for me and my colleagues. Does anyone have any insight on whether this is actually a better approach for us? Should we be accepting this or staying on your current 4%/4% split? + +Thanks! +I have no debt/rent to pay. + +The current job: + +- I have no interest whatsoever in the career path + even if i had any, I know eventually someday i will have a breakdown. ( I actually would rather stay in my currwnt position than be promoted because of the stress I'm seeing on my supervisors). + +- The pay is fairly good. + +- The hell to any personal goals/life goals if I stay ( Owning a decent business/ learning and growing / traveling) + + + +The other job. + +- Has less hours ( which will let me to focus more on my business ) and more vacation time. + +- salary is less by 30% from my current one. + +- Its not in customer service, its administrative work. + + +The only downside with the new job is that there is no much room for improvement/promotions. + + +What do you think ? + +Edit: more info + +Edit 2: I have read every single comment that you guys made. Thank you everyone. They really made a difference. + + + +In my case, it wasn't exactly support (several eye rolls later), but they never asked me to sell. + +I don't know how many "you're crazy" or "you're a fucking idiot" or "you're going to lose our savings" or even "our kids are not going to college" looks I've gotten since Jan '21, but fuck, my spouse never wanted me to sell. + +I want to give a big shout-out to all who have given 100% support, whether they be significant others or family members. Even the ones who gave 50.0000001% support and never asked to sell, thank you. You will reap the benefits of your Apes' stubbornness. May you trust your Ape a little bit more moving forward.... in your lambo on the way to the beach house. +Alright, I saw the movie. Turns out, two more people walked in just as it was starting too, so I stopped pleasuring myself to be respectful, and decided to rely on my notepad for notes so I wasn't shining my phone through the whole thing. + +SYNOPSIS + +The movie is presented as a casual documentary and organized in a timeline. It starts out with Justin Dopierala from DOMO Capital writing an article around Dec. 2019, mentioning how GameStop has the "Konami code" to fix their business. Loads of imagery and videos of GameStop's horrible customer service, poor business model, and customer rage videos were shown a lot during I'd say the first third of this movie to demonstrate where GameStop used to be. Dmitry Kozen is introduced by saying how investors should not be emotional, and to invest in something you are passionate about - you're in it for more than just the $$. Farris Husieni, creator of the GMEshortsqueeze user on StockTwits, is introduced. + +Rod Alzman is introduced as someone who saw Justin's messages, and they interacted online a lot to talk about Gamestop. They felt comfortable having a platform to talk about GME when everyone thought they were crazy, bombarding them with things like "Blockbuster 2.0." + +Jen Kruza and Jeff Tarzia are then introduced. Jeff Tarzia is highlighted for his Smash JT youtube channel, and how he received a lot of flak for constantly talking about GameStop and its potential. Around this time, Ken Griffin and Steve Cohen are first mentioned in this first third of the film. They are given negative background music as they are described as notorious short sellers. Comments are made how shorters crush companies, and how people like Ken and Steve were "nasty, ruthless motherfeckers." + +The time line then moves to March 2020 - COVID. Jeff Tarzia mentions how they notice GameStop locations trying different things with some of their stores, and JT saw this as bullish - that GME was interested in changing, and it was just a matter of how they would do it. Robinhood and Dave Portnoy are mentioned right around here, as Robinhood had its rise to fame, allowing millions of investors to enter the market with their app, which made investing more digestable and more "fun." The movie goes back to GameStop during COVID, and them closing stores across the country. The interviewees saw this as insanely bullish - GameStop had more store fronts than some fast food chains - they wanted to stop bleeding money by having these excess stores laying all over the place. However, public sentiment saw this as another sign of Gamestop's slow death. + +Tarzia mentions how he was so jarred by how much negative coverage GameStop had... until he came across DFV's stream. The interviewees mentioned how much of a breath of fresh air he was, how supportive, and how he made the most of 7 hour streams for a handful of people. Roaring Kitty got to know the interviewees over this time. + +This is where Reddit is finally introduced, and Wall bet is mentioned. Wall bet initially hated GME, and went so far as to allow posts mocking GME, but removed anything trying to make a case for it. The interviewees had some bans from them either, but they all marvelled how groups like Wall Bet were able to crowd source information, remarking how their DD was often better than what a big firm could pull together alone. + +The movie steers back to COVID, and how interest in gaming was rising as people were stuck inside, however, GameStop's price was not reflecting this sentiment. The interviewees said it almost felt like someone was cheating them. Now enter Melvin Capital with Plotkin manning the helm as a known shorter. Tom Barton from White Rock Capital joins the cast of interviewees as a short seller to remark on short sellers. He talked how shorting stocks was very lucrative in the 80s. When he noticed GameStop, he decided it had a "0% chance of going bankrupt," and that he wouldn't touch it. + +We then get some info on Tesla, and how shorters got screwed by them, and how Elon and Tesla longs mocked them and just had a field day with shorters. Tom Barton said that the lesson from TSLA was to "don't short stocks." This is when Ryan Cohen's 9% stake into GameStop is mentioned. Ryan Cohen was shown in an interview in regards to Chewy's success saying, "We'd have been successful in any category." As in, if Chewy was a grocery chain, or a car dealer, or a videogame retailer, his plan would have made those businesses successful too - Chewy was not exclusive to itself. Jim Cramer is shown calling RC's stake a "stretch" for how far gone he believes GameStop is. + +Francis from DOMO Capital mentions how he had some 1 on 1 with RC to talk about what Francis felt like was where GameStop should go moving forward. + +The second third of the movie goes into the rising SI% of about 140%. Tom Barton mentions how him and his hedgie friends have never seen anything like that before and never knew that was possible (I doubt this, though). We move towards October of 2020 as GameStop is benefitting from the new console releases from Nintendo, Microsoft, and Sony. Francis and friends use GameStop order numbers to figure out an approximate amount of revenue and new customers coming in during the holiday. Then we are told about RC joining the board, and Microsoft's revenue deal with GameStop. + +In December of 2020, We focus on Jenn, who mentions her struggles with breast cancer and how GME was her distraction from that. DFV posts a YOLO update and reveals who he is, and the internet explodes. Then we have Andrew Left enter the chat, the founder of Citron Research. Andrew "Back to $20 fast" Left. The people interviewed were scared of this guy. Citron was the big honcho in research. If he said a stock was going down, you best believe it would. DOMO admitted to selling his position at $42 a share in fear of having his clients suffer losses. + +Farris of GMEshortsqueeze saw this from Citron and said, "F U, I'm going to buy more." [GMEdd.com](https://gmedd.com/) came from this in order to have a platform to post news on GameStop's developments, with a price projection of $169 per share. + +Citron retaliated with "5 reasons why GameStop will drop to $20." The other interviewees tore apart his 5 arguments in the film, remarking how little research this guy seemed to have done. Andrew Left then says he wasn't expecting redditors to hold this stock like a "default religion" and says how he regrets covering GME at all. GME rises to $123 at this point in the film. + +Ken Griffin bails out Melvin. Dmitry says, while the price is rising, how you sometimes need to know when to take profits. Then Citadel getting involved is made to seem like the supervillain decided to handle things personally - Citadel gets involved and you know shit is about to go down. Well, GME tumbles to $40, the buy button is turned off, and the outcry on RH is brought up. + +PFOF is mentioned, RH protecting hedgefunds, and Citadel producing most of RH's revenue for data. Andrew Left steps in to say that nothing nefarious was going on between RH and Citadel. The film mentions how this situation lead to conspiracy theories. The interviewees don't touch this with a 10 ft. poll, they basically say, "Things look very suspicious, but who is to say? Nothing bad was probably going on, but the way they handled it sure made it seem otherwise." + +The film goes into its final act. We have the Congressional hearing in Feb. 2021. Derpy music is played as Plotkin talks like a robot reading off a script. Vlad being repeatedly told to answer directly and then proceeding to stall. Ken Griffin is asked how many people are in the room with him. DFV, however, is given nice music as he chads his way through the interview. He remarks how he is the only one in the room, how he is not a cat, and how he likes the stock. The interviewees are cheering him on as the price rises while he speaks, and then he posts a YOLO update at the end of the day. Everyone comments how professional he was and how they couldn't think of a better person to represent retail investors, being more professional than the bumbling billionaires. At this point in the film, someone remarks, "I knew this wasn't over - this was just the first inning." + +The final stretch of film brings us to March 8th, 2021. Wall bet never stopped talking about GME. Online, people say the squeeze has not squoze, and for the most part, all the interviewees disagree, and basically say that was it. This is where the movie takes an odd, almost disheartening turn. Rob Alzman says, "Yeah, the SI% dropped, so short squeeze is done." Andrew Left laughs at people online trying to make a Rosetta Stone of Ryan Cohen's literal shitposts. + +RC's new hires from different companies are mentioned, with many comments how fantastic these hires were, and how it was curious why they would leave such great, easy jobs for GameStop. Andrew Left says, "GameStop gets someone from Amazon?! Well EvErYoNe FrOm AmAzOn Is FrOm AmAzOn, So Go BuY tHaT iNsTeAd." Occupy Wall St. 2.0 is mentioned as GME "cultists" try to spite the system by buying more, not caring what the price is. The story is compared to David and Goliath, where retail was David. + +The interviewees take another odd jab at everyone. They say they were the OG diamond hands, and everyone following them is just copying them. The way they say this and the way its presented seemed very gate-keepy to me, it was odd. + +The movie ends with all the interviewees meeting in Las Vegas for a ooh-rah, and then its mentioned how these interviewees collectively made $70 million, while the hedge funds lost $13 billion dollars, and counting. + +REVIEW + +Overall, I'd give the movie a 5 or 6 out of 10. Comparing it to documentaries like Inside Job, the casual way they presented everything made it sometimes hard to follow what was going on. Timelines were only visually represented with the ticker sliding across the screen, and dates weren't given to often, but clearly the movie takes place between December of 2019 to March 8th of 2021. I found the end date interesting because two days later we saw the flash crash from $350 to $170 with the oddly timed MSM articles. It seemed so odd to end \*right before\* that event. + +The documentary was a bit all over the place. I made notes as it went on, and its weird reading them back and seeing Ken Griffin and RH being briefly mentioned before going back to other issues, instead of having it added in where necessary. It was weird having them praise Ryan Cohen, yet he didn't seem to get much background. There wasn't much background on Vlad, or Plotkin or Ken Griffin. There was a lot of background on the interviewees. They talked about DOMO's blue-collar investors, Joe's van, Jenn's breast cancer, etc. It definitely humanizes these people, but it doesn't add much, and I felt that was screen time that could've been used highlighting more about why Ryan Cohen was revolutionary to the saga when he signed on, and why Vlad and Ken got called in by Congress, etc. + +What also struck me as odd was whenever the interviewees would basically go on tangents how the squeeze is over. Ignoring how DFV updated after the squeeze, ignoring how [GMEdd.com](https://gmedd.com/) continues to update and follow the stock. Even with recent interviews from the founders of the website, they say they are still shareholders, and they say they have been in it since 2019 or sooner. Why give the impression that you're done with the stock? + +The movie touches on the high SI%.... but nothing on the concept of naked shorting. During the Congressional hearing, little focus was put on Ken Griffin and Bodson's remarks on talking with RH before restrictions were placed, or how Bodson waived capital requirements for RH, giving Vlad no real reason to restrict the buy button. Things like this gave me the impression that this movie didn't want to step on eggshells - they were afraid to say the system is rigged, with Francis from DOMO briefly saying "I think it is" at one point in the film. + +If I didn't know anything about Gamestop and I saw this film, I think I would be curious to look up more online, but I wouldn't be doing so to see what weird stuff happened with RH or to buy GME on the idea that their is still a play there, unless you want to count the "$13 billion lost and counting" as a suggestion that it isn't over. + +Overall, there are some parts of the film that seem like the interviewees are washing their hands of suggesting things are still going down, but they are willing to talk about GameStops turn around and how there maybe was some foul play going on. But the fact that they ended right before March 10th tells me they wanted to get the word out on GameStop and not focus so much on the possible fraudluent system, lest they be labeled as propaganda or fear-mongering. Imagine suggesting the markets are rigged and there is foul play happening every day, and regulators getting on your back for producing the film that started a financial meltdown? Yesh. + +&#x200B; + +Edit: Also, when the stock was described as tumbling down to $40, one of the interviewees said that "This wasn't over, we were in the first inning" or something to that effect. Seems odd to then say later that the short squeeze play was over. +Alright, I saw the movie. Turns out, two more people walked in just as it was starting too, so I stopped pleasuring myself to be respectful, and decided to rely on my notepad for notes so I wasn't shining my phone through the whole thing. + +SYNOPSIS + +The movie is presented as a casual documentary and organized in a timeline. It starts out with Justin Dopierala from DOMO Capital writing an article around Dec. 2019, mentioning how GameStop has the "Konami code" to fix their business. Loads of imagery and videos of GameStop's horrible customer service, poor business model, and customer rage videos were shown a lot during I'd say the first third of this movie to demonstrate where GameStop used to be. Dmitry Kozen is introduced by saying how investors should not be emotional, and to invest in something you are passionate about - you're in it for more than just the $$. Farris Husieni, creator of the GMEshortsqueeze user on StockTwits, is introduced. + +Rod Alzman is introduced as someone who saw Justin's messages, and they interacted online a lot to talk about Gamestop. They felt comfortable having a platform to talk about GME when everyone thought they were crazy, bombarding them with things like "Blockbuster 2.0." + +Jen Kruza and Jeff Tarzia are then introduced. Jeff Tarzia is highlighted for his Smash JT youtube channel, and how he received a lot of flak for constantly talking about GameStop and its potential. Around this time, Ken Griffin and Steve Cohen are first mentioned in this first third of the film. They are given negative background music as they are described as notorious short sellers. Comments are made how shorters crush companies, and how people like Ken and Steve were "nasty, ruthless motherfeckers." + +The time line then moves to March 2020 - COVID. Jeff Tarzia mentions how they notice GameStop locations trying different things with some of their stores, and JT saw this as bullish - that GME was interested in changing, and it was just a matter of how they would do it. Robinhood and Dave Portnoy are mentioned right around here, as Robinhood had its rise to fame, allowing millions of investors to enter the market with their app, which made investing more digestable and more "fun." The movie goes back to GameStop during COVID, and them closing stores across the country. The interviewees saw this as insanely bullish - GameStop had more store fronts than some fast food chains - they wanted to stop bleeding money by having these excess stores laying all over the place. However, public sentiment saw this as another sign of Gamestop's slow death. + +Tarzia mentions how he was so jarred by how much negative coverage GameStop had... until he came across DFV's stream. The interviewees mentioned how much of a breath of fresh air he was, how supportive, and how he made the most of 7 hour streams for a handful of people. Roaring Kitty got to know the interviewees over this time. + +This is where Reddit is finally introduced, and Wall bet is mentioned. Wall bet initially hated GME, and went so far as to allow posts mocking GME, but removed anything trying to make a case for it. The interviewees had some bans from them either, but they all marvelled how groups like Wall Bet were able to crowd source information, remarking how their DD was often better than what a big firm could pull together alone. + +The movie steers back to COVID, and how interest in gaming was rising as people were stuck inside, however, GameStop's price was not reflecting this sentiment. The interviewees said it almost felt like someone was cheating them. Now enter Melvin Capital with Plotkin manning the helm as a known shorter. Tom Barton from White Rock Capital joins the cast of interviewees as a short seller to remark on short sellers. He talked how shorting stocks was very lucrative in the 80s. When he noticed GameStop, he decided it had a "0% chance of going bankrupt," and that he wouldn't touch it. + +We then get some info on Tesla, and how shorters got screwed by them, and how Elon and Tesla longs mocked them and just had a field day with shorters. Tom Barton said that the lesson from TSLA was to "don't short stocks." This is when Ryan Cohen's 9% stake into GameStop is mentioned. Ryan Cohen was shown in an interview in regards to Chewy's success saying, "We'd have been successful in any category." As in, if Chewy was a grocery chain, or a car dealer, or a videogame retailer, his plan would have made those businesses successful too - Chewy was not exclusive to itself. Jim Cramer is shown calling RC's stake a "stretch" for how far gone he believes GameStop is. + +Francis from DOMO Capital mentions how he had some 1 on 1 with RC to talk about what Francis felt like was where GameStop should go moving forward. + +The second third of the movie goes into the rising SI% of about 140%. Tom Barton mentions how him and his hedgie friends have never seen anything like that before and never knew that was possible (I doubt this, though). We move towards October of 2020 as GameStop is benefitting from the new console releases from Nintendo, Microsoft, and Sony. Francis and friends use GameStop order numbers to figure out an approximate amount of revenue and new customers coming in during the holiday. Then we are told about RC joining the board, and Microsoft's revenue deal with GameStop. + +In December of 2020, We focus on Jenn, who mentions her struggles with breast cancer and how GME was her distraction from that. DFV posts a YOLO update and reveals who he is, and the internet explodes. Then we have Andrew Left enter the chat, the founder of Citron Research. Andrew "Back to $20 fast" Left. The people interviewed were scared of this guy. Citron was the big honcho in research. If he said a stock was going down, you best believe it would. DOMO admitted to selling his position at $42 a share in fear of having his clients suffer losses. + +Farris of GMEshortsqueeze saw this from Citron and said, "F U, I'm going to buy more." [GMEdd.com](https://gmedd.com/) came from this in order to have a platform to post news on GameStop's developments, with a price projection of $169 per share. + +Citron retaliated with "5 reasons why GameStop will drop to $20." The other interviewees tore apart his 5 arguments in the film, remarking how little research this guy seemed to have done. Andrew Left then says he wasn't expecting redditors to hold this stock like a "default religion" and says how he regrets covering GME at all. GME rises to $123 at this point in the film. + +Ken Griffin bails out Melvin. Dmitry says, while the price is rising, how you sometimes need to know when to take profits. Then Citadel getting involved is made to seem like the supervillain decided to handle things personally - Citadel gets involved and you know shit is about to go down. Well, GME tumbles to $40, the buy button is turned off, and the outcry on RH is brought up. + +PFOF is mentioned, RH protecting hedgefunds, and Citadel producing most of RH's revenue for data. Andrew Left steps in to say that nothing nefarious was going on between RH and Citadel. The film mentions how this situation lead to conspiracy theories. The interviewees don't touch this with a 10 ft. poll, they basically say, "Things look very suspicious, but who is to say? Nothing bad was probably going on, but the way they handled it sure made it seem otherwise." + +The film goes into its final act. We have the Congressional hearing in Feb. 2021. Derpy music is played as Plotkin talks like a robot reading off a script. Vlad being repeatedly told to answer directly and then proceeding to stall. Ken Griffin is asked how many people are in the room with him. DFV, however, is given nice music as he chads his way through the interview. He remarks how he is the only one in the room, how he is not a cat, and how he likes the stock. The interviewees are cheering him on as the price rises while he speaks, and then he posts a YOLO update at the end of the day. Everyone comments how professional he was and how they couldn't think of a better person to represent retail investors, being more professional than the bumbling billionaires. At this point in the film, someone remarks, "I knew this wasn't over - this was just the first inning." + +The final stretch of film brings us to March 8th, 2021. Wall bet never stopped talking about GME. Online, people say the squeeze has not squoze, and for the most part, all the interviewees disagree, and basically say that was it. This is where the movie takes an odd, almost disheartening turn. Rob Alzman says, "Yeah, the SI% dropped, so short squeeze is done." Andrew Left laughs at people online trying to make a Rosetta Stone of Ryan Cohen's literal shitposts. + +RC's new hires from different companies are mentioned, with many comments how fantastic these hires were, and how it was curious why they would leave such great, easy jobs for GameStop. Andrew Left says, "GameStop gets someone from Amazon?! Well EvErYoNe FrOm AmAzOn Is FrOm AmAzOn, So Go BuY tHaT iNsTeAd." Occupy Wall St. 2.0 is mentioned as GME "cultists" try to spite the system by buying more, not caring what the price is. The story is compared to David and Goliath, where retail was David. + +The interviewees take another odd jab at everyone. They say they were the OG diamond hands, and everyone following them is just copying them. The way they say this and the way its presented seemed very gate-keepy to me, it was odd. + +The movie ends with all the interviewees meeting in Las Vegas for a ooh-rah, and then its mentioned how these interviewees collectively made $70 million, while the hedge funds lost $13 billion dollars, and counting. + +REVIEW + +Overall, I'd give the movie a 5 or 6 out of 10. Comparing it to documentaries like Inside Job, the casual way they presented everything made it sometimes hard to follow what was going on. Timelines were only visually represented with the ticker sliding across the screen, and dates weren't given to often, but clearly the movie takes place between December of 2019 to March 8th of 2021. I found the end date interesting because two days later we saw the flash crash from $350 to $170 with the oddly timed MSM articles. It seemed so odd to end \*right before\* that event. + +The documentary was a bit all over the place. I made notes as it went on, and its weird reading them back and seeing Ken Griffin and RH being briefly mentioned before going back to other issues, instead of having it added in where necessary. It was weird having them praise Ryan Cohen, yet he didn't seem to get much background. There wasn't much background on Vlad, or Plotkin or Ken Griffin. There was a lot of background on the interviewees. They talked about DOMO's blue-collar investors, Joe's van, Jenn's breast cancer, etc. It definitely humanizes these people, but it doesn't add much, and I felt that was screen time that could've been used highlighting more about why Ryan Cohen was revolutionary to the saga when he signed on, and why Vlad and Ken got called in by Congress, etc. + +What also struck me as odd was whenever the interviewees would basically go on tangents how the squeeze is over. Ignoring how DFV updated after the squeeze, ignoring how [GMEdd.com](https://gmedd.com/) continues to update and follow the stock. Even with recent interviews from the founders of the website, they say they are still shareholders, and they say they have been in it since 2019 or sooner. Why give the impression that you're done with the stock? + +The movie touches on the high SI%.... but nothing on the concept of naked shorting. During the Congressional hearing, little focus was put on Ken Griffin and Bodson's remarks on talking with RH before restrictions were placed, or how Bodson waived capital requirements for RH, giving Vlad no real reason to restrict the buy button. Things like this gave me the impression that this movie didn't want to step on eggshells - they were afraid to say the system is rigged, with Francis from DOMO briefly saying "I think it is" at one point in the film. + +If I didn't know anything about Gamestop and I saw this film, I think I would be curious to look up more online, but I wouldn't be doing so to see what weird stuff happened with RH or to buy GME on the idea that their is still a play there, unless you want to count the "$13 billion lost and counting" as a suggestion that it isn't over. + +Overall, there are some parts of the film that seem like the interviewees are washing their hands of suggesting things are still going down, but they are willing to talk about GameStops turn around and how there maybe was some foul play going on. But the fact that they ended right before March 10th tells me they wanted to get the word out on GameStop and not focus so much on the possible fraudluent system, lest they be labeled as propaganda or fear-mongering. Imagine suggesting the markets are rigged and there is foul play happening every day, and regulators getting on your back for producing the film that started a financial meltdown? Yesh. + +&#x200B; + +Edit: Also, when the stock was described as tumbling down to $40, one of the interviewees said that "This wasn't over, we were in the first inning" or something to that effect. Seems odd to then say later that the short squeeze play was over. +The RBI has opened the floodgates. A system is now in place. It’s a 4 step program to fight the economic slump. And it’s the most beautiful thing you are likely to witness. + +Step 1: Release the Cash +RBI cut the reserve requirement (called the Cash Reserve Ratio) by 1%. + +Step 2: Make borrowing attractive +RBI to cut interest rate by a whopping 0.75%. + +Step 3: Force Banks to lend at cheap rates +Commence Operation TLTRO (Targeted Long Term Repo Operation) + +Step 4: The EMIs can wait +The widely publicised EMI moratorium. + +Source: https://finshots.in/archive/rbi-cuts-interest-rates/ +**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! +Recently, i've been trying to think more about how historical patterns affect future predictions. As we know markets are probabilistic in nature, and it is more about knowing the probability distribution of future price movement, rather than trying to define a deterministic function and make concrete predictions. + +That being said we also know markets are an ever evolving function. How the market was traded 10 years ago could be the complete opposite of how the market is traded now. For example, looking strictly at price data we could see that 10 years ago after a certain set of criteria were met, that 75% of the time the market would go up. Now we could see that when these same criteria are met for the market today, there would be a 75% chance the market would go down. The market at these two different points in time would be opposite functions. + +Models that look at all the data over the time span, and try to model the "average" of these two opposite functions would be average at best. Seeing bad/irrelevant samples would hurt the performance of the model. So if this is the case, we need to figure out ways to gauge the relevance of a data point. + +How do we find that sweet spot where we have enough samples to have predictive power and also where we are not looking too far back as to incorporate samples from a disparate and potentially opposite function that will hurt our model's ability to predict on the current market function? +My bank let me open a traditional IRA account at 0.4% interest. I was only to pony up $50 to open it, and hubby and I can only afford to put maybe $35-40 a month in it. When it's worth $2,500 or more, then I can lock in at 4.9% interest rate. + +r/finance makes me feel like shit because I can't do more, I didn't shop around for the highest interest rate. In other words, I didn't do it "their way" + +I'm going to be 40 in 9 months. I've already wait 20 years too long to start my IRA. I felt like if I didn't open one with SOMEHTING, I'd keep making excuses and putting off opening up one. + +We've been banking at the same local bank now for almost 10 years. They have been nothing but good to us. Free checking and savings the past 10 years and they plan on keeping the free checking/savings account option for years to come. + +And honestly I felt like if I didn't do this now, open a retirement account with something and put what I can in it each month, then another 20 might fly by and I'll have jack shit to my name. + +&#x200B; +I know this has been asked a million times but to people were investing during 2008 what was the market like in the early months of 08. + +Specifically what was investor sentiment like, what stocks were you following at the time and what were non investors saying about the market? + +Last question is a little weird but I’ve noticed right before the crash of bubbles my family will start asking me about it. +Like the title says, when these dapps go live I predict we see that many get hacked and bugs being exploited similar to what we saw with the DAO. I've seen too many teams that seem unprepared and in over their heads but are getting money without much vetting or competition because anything "blockchain" is getting money. + +My thoughts, curious what other people think. + + + + +As I move towards FI, I'd love to move from a full-time position to part-time work. Ideally, the transition to part-time employment could most easily be made internally within your current employer - you have tribal knowledge, your current employer takes advantage of your (most likely) vast experience, and allows your employer to find the next generation of employees for them but not rush to do it. + +&#x200B; + +For the FI-er, you get the benefit of a reduced (but not eliminated) workload, ideally still keep company healthcare benefits, and free up time to plan your future adventures. + +&#x200B; + +Has anyone had "the talk" with their employer? How did it go? If it worked, was it a successful transition for you? If it didn't work, did you just put the first nail in your coffin at the employer? + +&#x200B; + +I'd love to hear some stories! +Hey everyone! Ready for maybe a case of the Mondays today? + +I'm the guy who flipped off the building we like seeing lights! If you're wondering which one I was, I'm the one with the double-jointed fingers that makes everything I do with my hands look incredibly awkward and uncomfortable. + +https://www.reddit.com/r/Superstonk/comments/p015zc/oi_ken_boy_guess_who_is_going_to_a_bachelors/?utm_medium=android_app&utm_source=share + +^That is a link to the post I will be talking about here! + +Yeah, so the party with the guys from the FBI was actually very interesting, I believe. I will start by saying that I do not intend on revealing any names or personal information about who I met with. + +Before I got several beers into the party, I asked him about what he does and if he can even share that info with people. As expected, he told me that he can't say any specifics, but he tells people to ask away and he will share whatever actually can be discussed with civilians. Fair enough! + +So, I told him about how I have a tip that Citadel Securities, Point 72, and Susquehanna are involved in illegal naked shorting (counterfeit shares), willingly reporting false information to public filings by using offshore accounts and shell companies, and using domestic ones and each other along with possibly big banks to play a sort of hot potato to avoid closing positions that should have been closed at earlier dates. I told him how this may all tie in with their investigation into Robinhood securities' actions in January during the runup with GameStop and how it may be Citadel, P72, and Sus's bad bet with GameStop that is causing them to get involved with these illegal activities. + +I then finished by telling him that rising inflation, collapsing treasury bonds, and rising RRP are signals that a market collapse may be coming soon, and that although I personally believe that it is inevitable to happen, that me and a few friends would like to make sure that public information that may or may not be accessible today or hard to find was in the hands of investigators so that the bad actors can go to jail and be suspended from using the market. This would be unlike in 2008 where only one person went to jail for counting cards at the casino. + +He was definitely interested in what I had to say! As I started talking, he turned in his seat and leaned forward a bit, and he always held eye contact with me. When another guy at the party was asking me about GameStop, and I was explaining marrying options and fundamentals, I saw him in the corner of my eye turning to me to listen to what I was saying. + +He told me that he could give me his contact information and I could share the information with him. He said that he understood a bit of what I had to say only cause he isn't big on finances or the market, but he knows people who do, and that by sending him the info rather than submitting it via the FBI site, eyes will get to it faster than waiting in line, having HQ route it, etc. *Additionally, he said that since he works in Chicago, the team he works with will be right there to access information on Citadel since that's where they work!* + +So I out this as possible DD because this is what I want to do: + +- Compile a document of DD, specifically ones that use publicly accessable information to draw its conclusions, and focuses on pointing out *leads into how Citadel, Point 72, Susquehanna, and other companies are being bad actors and violating market rules* +- To accomplish the above, I would like to edit the document to make it more professionally presentable, removing mentioning of tits, apes, get fuk'd, etc. I love this community and all the memes and shit posts and hype talk, but I think the information will be taken more seriously this way. +- In order to compile all this information, I would like to have some wrinkles helping me in deciding what should go in and what can be left out as being too speculative or not focused on pointing out bad actors in our market. I was hoping that peeps like Criand or Atobit could help me here. + +u/criand +u/atobitt + +The goal of all of this is not to have the FBI shut shit down and start the MOASS. *The goal is to make sure that the FBI has leads and tips and information already on hand so they can investigate before shit goes tits up.* I want them to have leads to get information that could put some of these assholes behind bars. I want them to be able to work with the SEC is possible or necessary. + +I had a blast at the party yesterday, I'm excited for market open, and I'm hoping maybe I did my part for the community by getting some info that could help fix this "free and fair" market. +Hey all + +I was going to invest in AT&T earlier on but I was hesitant because I heard management had a lot of problems. I know that a lot of people in the US use AT&T and it has potential in the future for growth. I think the dividend yield is really high though and I'm not sure if it's sustainable. With their dividend date coming soon, what are your thoughts on T, both from a growth perspective and a dividend perspective? +Hey Guys, just a friendly reminder not to be complacent. Didnt think eth would go this low. I had the capital to lock up more collateral but I didnt, and now I've lost a chunk of ETH. Its not devastating, but its significant, and completley preventable. +I work as a consultant in the tech industry and have been at my job for exactly a year. When entering this position I admit I had foolishly accepted a salary lower than I knew I was entitled to, being told that I would grow and earn more. FYI I have both a bachelor's and master's degree in relevant fields of this position. + +Yesterday my HR rep sends me my raise letter, but had forgot to unsplit the PDF which contained everyone's raise letter. I find out that not only am I still vastly underpaid (by at least 15k according to market value), that coworkers in the same position as I am who were hired months after me and still know less are making over 20k more than what I am. + +The only thing I can think of as a reason would be their age + their previous job's salaries. I'm 28 years old and my coworkers are both over 35. But neither of them have Master's nor do they have as much experience or knowledge at my company than I do. + +How would you handle this situation? I am planning on speaking with the COO of the company to request a reevaluation, but I'm not expecting that he would do the right thing. + +---------------------------------------------------------------------------------------------------------------------------------------- +Edit: ~~I am under no circumstances planning to base my request for a salary review on the salaries of my colleagues. It's unfortunate that I saw their salaries to begin with but I know it's not a justification to be paid more than ever.~~ I'm speaking of a salary increase based on my own qualifications as well as my knowledge and production I've already proven I have. I want at least market value due to being a more experienced employee in my role than the people they know are paying more than I am. +**Okay, so I've been reading hundreds of comments saying it would be a mistake to not include this knowledge in my negotiation to management. If it's truly the best course of action in terms of leverage, I'll consider at least adding it to my list of reasons why I should be paid more, but without making it the main reason. Thank you for that piece of advice.** + +Edit: I have 7 years in professional IT experience prior to this job. I am not entry level. I'm just young. Also I'm not using my Master's as the sole basis for higher pay. I'm using it as additional evidence of my overall worth to my company and any other. + +Edit: Thank you everyone for your input. The majority piece of advice here is to look for another job with a higher salary and either take it if it's better or use it as leverage for higher pay at my current job. The resume is going out and I'll be seeing what else I can get as well as be a better salary negotiator the next time around. + + +**UPDATE** +Hey people. Just wanted to say that I had applied for another job and just received an offer! The offer is exactly the salary I was requesting at my current job (+15k) plus several more other incentives including mentorship and a better medical plan. Thank you to those who emphasized not to reveal my current salary. They gave a little push back when I told them I didn't want to submit that information, but they were alright with it in the end. Again, thank you everyone who gave their input. Bottom Line: **KNOW YOUR WORTH AND DON'T SETTLE FOR LESS** + + +[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!* +So I've been working on this project for over 6 months now, and I've learned quite a bit about how new listings behave, and how important the Binance and Kucoin Annoucement pages are. + +My initial idea was to create a crypto trading bot in Python, that constantly checks if a new listing is added on Binance, essentially by checking the total number of coins at any given time. I tried out different variations on this, end even increased the speed to buy within 0.1 seconds on a new coin being listed. + +After looking at the results, and talking to some of you on here, it turns out that the spike in the price upon listing the coin is actually the peak of the iceberg. + +The real activity seems to happen once big exchanges announce that they will list the coin, and not upon the listing itself. + +Have a look at the chart for FIDA/USDT below, and the time Binance made the announcement: + +[FIDAUSDT](https://preview.redd.it/i42z3i9dxa981.jpg?width=1536&format=pjpg&auto=webp&s=b3bacc1b823f19c9c4f447e31678ebd6c639c648) + +&#x200B; + +FIDAUSDT + +https://preview.redd.it/ofhrmxdexa981.jpg?width=677&format=pjpg&auto=webp&s=1f8ee28a916d45de9fdd768694b0f0f3291ee439 + +Looks like people are fomoing hard into new coins on different exchanges in anticipation of a Binance pump, ironically creating the pump themselves. + +So with that in mind, I built a crypto trading algorithm that listens to the Binance announcement page, and once there is an announcement for a new coin listing, the bot extracts the symbol of that coin and places a Buy order on Gate .io. + +The tool will automatically place buy and sell orders and it has a trailing stop loss feature, meaning that it should sell at the optimum time, in theory. + +I chose gate .io because according to what I've seen and what some of you have said, this exchange seem to list many of the coins that later make it on Binance or other bigger exchanges. + +The tool is free to use for everyone, but I suggest running it in Test mode at first, as I still need to confirm that everything runs fine. Annoyingly, gate .io doesn't have a testnet which means I had to test the buy/sell logic by placing real trades - not ideal. + +But I've included a test mode for the tool itself, so it won't actually call the gate .io API, it will just simulate the trades locally. + +The tool has been tested by me along with a bunch of other people for a while now. I can say that it definitely has potential, and has made profit on numerous occasions, however it is not perfect. Or rather - it can be improved further. + +One of the issues we've been having is the speed at which the bot will buy the announcement. As you might expect, this needs to happen really fast in order to take advantage of the pump (under 5 seconds in most cases). + +It seems that the speed of the bot varies from one listing to another, making consistent profits a bit tricky - but not impossible. + +**Here's a video overview of the tool and why it evolved to this:** [**https://youtu.be/SsSgD0v16Kg**](https://youtu.be/SsSgD0v16Kg) + +**A guide on how to install and run this on your machine:** [**https://www.cryptomaton.org/2021/10/17/a-binance-and-gate-io-crypto-trading-bot-for-new-coin-announcements/**](https://www.cryptomaton.org/2021/10/17/a-binance-and-gate-io-crypto-trading-bot-for-new-coin-announcements/) + +**And of course, the source code on GitHub:** [**https://github.com/CyberPunkMetalHead/gateio-crypto-trading-bot-binance-announcements-new-coins**](https://github.com/CyberPunkMetalHead/gateio-crypto-trading-bot-binance-announcements-new-coins) + +PS: Feel free to reach out if you want to contribute to the codebase on GitHub. + +&#x200B; + +**Edit: Join my discord for more algo trading talk:** [**https://discord.gg/QHH8BkkytF**](https://discord.gg/QHH8BkkytF) +I've been in commercial banking for 4 years and I have slowly worked my way up the ladder. I was recently promoted and now make $75,000 a year. I also have stock options that vest in 5 years that should net me approximately $30,000 in 2021. I currently have $15,000 in a money market and $20,000 in a Roth 401k. I own a Honda Civic free and clear that is worth $8,000. My only debt is $80,000 in student loans. What are your thoughts on moving in with my parents to aggressively pay down my student loan debt? I would stop all saving except for my 6% 401k contribution since my company matches dollar for dollar up to 6%. I do not live an extravagant lifestyle, any advice is much appreciated. Thanks! + +Edit: Wow this blew up! Thank you for all of the great advice, I had lunch with my parents today and discussed the the pros and cons with them. They are extremely supportive and will treat me like an adult not a child when I move in. They live in a 4 bed 3 bath house so space should not be an issue. They also refused to accept any form of payment so I will be helping them around the house any chance I get. I also decided I will take a weekend job, and if all goes to plan I should be able to get out from under this debt in 13 months. +My wife and I are having a lot of trouble deciding how much to allocate to large purchase like our house. Even though our financial situation has changed, my natural instinct for these large purchases has not changed. My whole adult life I have driven used cars and saved money by living far away with very long commutes etc, and not buying luxuries. Our financial situation has evolved a lot since the early days but it has been hard to change our thinking around large purchases. + +My question is: **If you had a similar net-worth as us ($12M), how much would you allocate toward your primary house?** + +Thank you in advance! + +EDIT: Adding that we are in a High Cost of Living area (but not a VHCOL area which I consider as SF or NYC) if that helps. Your responses are already very helpful but I am mostly wondering how you all think about how much to spend on a place. If you have any framework or rules of thumbs that you use, that would be helpful too. +Every time I have sold just about anything on Gumtree, invariably I get an email or message almost right away after posting the ad, and it always goes along around about the same lines: + +* Some excuse as to why they can't come themselves to look at the car, that its a gift for someone, or they're in the military and posted overseas or something like that. Quite often theres a big long story that goes with it, I guess to try and convince me that they're an upstanding citizen. +* They say they're happy to pay the full asking price, absolutely no quibbling or bargaining. +* In the case of cars, they say they will send a courier to pick it up, which sounds great because it means they're not going to come and kick the tyres, ask for a test drive it or whatnot. If it's something smaller than a car (like a phone) they will generally say they'll pay an extra $100 for shipping, which is insane because domestic shipping does not cost that much, but it makes it sound like I'm getting a bunch of spare change to pocket. +* They will ALWAYS say they want to deal directly via email, and not use the messaging system provided by Gumtree/eBay/whatever it is. + * At this point, the alarm bells are ringing so hard that I usually just delete the message. BUT this last part is the bit I don't understand: +* They ask for BSB and account number to complete the transfer of funds. + +As per the title, I am really curious as to how this scam actually works. I know that it IS a scam, its bleedingly obvious, it bears all the hallmarks. There's no way I would respond or follow this scammer down the path they're trying to lead me along, even if they didn't make off with my car, I wouldn't want to even give them any more info for fear of identity theft. But, I was thinking about it, surely the angle here isn't simple identity theft, right? + +Like there're stories on the Paypal forums about this exact thing, that say they've been ripped off by people sending them a picture of a fake payment confirmation and then sending a courier over to get the car. So there ARE people who'll hire a courier to come and actually get the car off you. The part I'm struggling with, is if I gave them my BSB and account number, and they transfer the money to my account, thats it right? done and dusted innit? Like they can't transfer the money to me and then somehow un-transfer it can they? And yeah, like a picture of a fake transfer confirmation, surely people aren't falling for *that*?? Are they??? + +And even if someone did know my name, email address and BSB/account number, thats not really enough to do any serious identity theft is it? + +I dunno. I feel like I'm missing something. Usually when it comes to scams involving money I can at least guess at the angle. This whole thing I just totally don't get. +$7 + 1.25 per contract PLUS auto assignments / exercises $15 each transaction. + +I made nothing from weekly CC after those fees! + +I heard IBKR doesn't have assignment / exercise fees? It's got hideous UI but looks like I have no choice but to use it. + +&#x200B; + +edit: oh my gawd. CAD to USD conversion rate at IBKR is good too. + +**1 CAD=0.7504 USD** right now. TD would be more like 1CAD = 0.7700USD. Fuck TD. +Did you have any idea six months ago? Probably not. All of you should be extremely proud of yourselves. A bunch of people saw a big locked door and said, "Ya know what? Lets kick it the fuck down and see what's on the other side!" + +And the other side was full of things both wonderful and terrifying. Things that were never meant to be seen by those of you working for 2 week paychecks and a 4% 401k match. You weren't supposed to see how the system worked, and you weren't supposed to pay attention to the rules and regulations and closed door operations frantically trying to prevent financial chaos. + +Good on all of you, and keep it up. +I stayed with family during the hurricane & then put myself in a motel until the power was fixed. Today I returned home to the room I've been renting, only to find that the entire first floor was flooded out, with everything ripped & torn about, & still no power. I still have a job but now I have no place to sleep & no car as I usually just walk to work. I am lost on what to do, & I can't afford to put myself in a room any longer. I also can't go to a shelter because the closest one is on the other side of town which would make my commute to work difficult. Any advice would be much needed. I am a young female who is practically defenseless on the streets, & I just want to be safe. +Evergrande is a Chinese property developer. Late in 2021, they were China's largest bond issuer and the 7th largest property developer in the WORLD. + +Fundamentally they create Bucketloads of Chinese Commercial Paper. In July, they started defaulting on interest payments to the bond owners. + +The Chinese government has, until now, bailed out Evergrande by offering to pay the interest payments to Chinese citizens, but international bond owners have still not received any interest payments. + +The lack of international payments has resulted in the value of those bonds plummeting. Evergrande bonds are arguably worthless due to Evergrande's default on bond payments. + +Chinese banks are no longer issuing mortgages to customers who intend to buy property (Ghost Town Apartments) from Evergrand. The Chinese Government has BANNED banks from issuing mortgages on Evergrande properties! The government and banks know what’s happening. Evergrande will not be able to keep defaulting on foreign payments; it has imploded, and will eventually explode. + +&#x200B; + +[Evergrande is down 90&#37; in the period of a year.](https://preview.redd.it/m6txej3ac3z81.png?width=624&format=png&auto=webp&s=2aa4d7372e1f7bf3f3817744ebc014d21b5648f2) + +Insiders at Evergrande started selling off their Evergrande stocks and bonds in Feb 2021, months before the company defaulted on payments. They knew it would happen and offloaded the stock to unsuspecting institutions and individuals who thought they were getting a bargain because the stock was at a low of around $2.00 compared to its ATH of $4.00, which was seen in Sep 2020. + +Even with this insider knowledge, they still sold at an average loss of 60% – receiving just $0.40 back for every $1 they had previously invested, causing huge losses. Shockwaves of that massive sell-off are still echoing around the world. The effects blasted through the world's economic markets. + +Evergrande is currently valued at $0.16 compared to its $1.57 value last year. It’s lost 90% of its share price. + +If (when?) Evergrande implodes, then as a result, the entire Chinese bond market will collapse. + +Many international banks, funds and institutions hold many Evergrande bonds, which are effectively worthless. + +I feel that mainstream media is influencing individual traders to convince them that China is recovering. The Evergrande issue is being downplayed, and news is being silenced. The general narrative is that Chinese stock markets are making a comeback and are now safe to reinvest in. This message is especially effective since the Western markets are tumbling. + +&#x200B; + +[The S&P 500 is down 16&#37; since the start of the year.](https://preview.redd.it/fgsjg7ddc3z81.png?width=617&format=png&auto=webp&s=66463b8e096c2914752d7fe432bbcc654f9c397c) + +&#x200B; + +[The NASDAQ 100 is down 28&#37; since the start of the year.](https://preview.redd.it/will7pzfc3z81.png?width=620&format=png&auto=webp&s=ca47ecc237082064ca6ed4dae6f767397b1849e6) + +The western market tanking is being blamed on the narrative that the Ukrainian War has caused inflation. The reality is that 80% of all USD that has ever been printed was done in the last two years. + +The printed money was used to prop up the banks and institutions that were bleeding due to their foreign bonds becoming almost worthless pieces of paper, but still able to be used as leverage, as long as Evergrande doesn’t go bang! + +Evergrande is no longer allowed to issue bonds, so they have flooded the market with Short Term Commercial Paper to help stay afloat, but they can’t just keep doing that. + +Indicators show that Evergrande is getting increasingly unstable as no one has any faith in their revival. (Why would they?) + +Because they are showing no signs of improvement, the margin requirements on the leverage of those bonds are increasing. + +Particularly, Tether is increasingly stressed by these pressures and increasing margin requirements. The result is volatility. + +[Look at the volatility of Tether, this chart compounds the Tether to it's global purchasing power. ](https://preview.redd.it/yuaym33jc3z81.png?width=550&format=png&auto=webp&s=5584c18801551b39e66cfaa6b2b90882b830b27d) + +&#x200B; + +[This is a coin designed to remain steady at a valuation of 1USD, at one point it depegged dramatically to $0.95 and had failed to get back on the peg \(Green Line\) ever since.](https://preview.redd.it/e24lq944saz81.png?width=897&format=png&auto=webp&s=921513c7fa39aa98962c197c7e6629e7bc945ec0) + +Сryptocurrencies are bundled together and symbiotically linked due to the swaps and derivative markets. + +Some of those institutions that algorithmically trade and swap the derivatives of the Сrypto market also use their “AI Algo” on Wallstreet. For the algo to function effectively, it needs to hedge on the opposite side of a bet, meaning most of these companies who use AI to trade for them have to “short sell” to win a little by backing both sides of the bet. + +The AI found a hack. It realised if it could reduce a stock value to less than $0.01 (Cellarbox), it could dramatically gain substantial profits, and if it could also bankrupt it - they don’t need to pay taxes on the income. + +The AI is connected via ‘signals’ to many news outlets, who in turn create automated articles based on those signals to influence the market and the stock prices. + +Many stocks, especially retail stores, were bundled together into a derivative and manipulated, but our beloved GAMESTOP broke the algorithm. The players beat the AI at its own game, and the mainstream media is trying to blame them for breaking the markets. + +Quick recap: Evergrande is slowly bleeding; as a result, institutions are suffering, and margin requirements for them are increasing. This means they have increased margin requirements, and these requirements are creating stress on the financial markets, which is creating volatility. + +With me so far? + +As Evergrande and all the associated Chinese Commercial Paper continues to decline, then, as a result, the Сrypto markets will plummet with them. For example, If (when?) Evergrande goes boom; then Tether will not just dive 20%; it will go to ZERO! + +Let me clarify: WHEN Evergrande files for bankruptcy, Tether will go bankrupt. + +The majority of all Сryptocurrencies will plummet due to the derivatives and swaps that the AI Algorithms are trading. + +[Nearly all Сryptocurrencies behave similar to BeeTeeCee, and are plummeting rapidly.](https://preview.redd.it/pzznxfcnc3z81.png?width=672&format=png&auto=webp&s=b071f50d9eebe208857d8bcbff3332589069a9e9) + +NASDAQ, S&P500 and major financial indexes will continue to tumble. + +Trading volume will tumble with it, as real people don’t like volatile times, and our flight or fright instincts kick in. + +Flight people will be dumping all kinds and won't return until it is all over. Frightened people will just freeze and effectively hold through it all and do nothing - they will lose some of their equity because some of their holdings will go bankrupt. + +A few will try and fight whoever remains in the arena, including the robots. + +There will be less volume. Reduced volume means less liquidity. Less Liquidity means we may see halts very regularly. + +It will get shitty. Some Сrypto exchanges will go bankrupt, taking people’s savings with them. Some unscrupulous executives/insiders of those exchanges will disappear like rats with whatever they can get their hands on. + +Come on Gamestop! Get your non-custodial wallet, with minimal transaction fees, out of beta NOW - the world needs it, we need a safe haven for our LRC and IMX! + +I think it’s important to understand the fight has begun, but it’s nowhere near over. + +I would estimate we have seen about a 10-12% correction. The final correction size is anyone's guess, but my finger in the air guesses are between 20% (low) or perhaps as large as 70%. So we could be in round 1 of 2 or round 1 of 7. + +The crash will destroy confidence. Especially when the idiots realise they created this themselves by letting the AI Algos loose on the markets. + +Throughout this process, big institutions will get margin called. They’ll be unable to make the margin requirements and will slowly be liquidated. For example, I estimate HSBC Bank holds about 60% of its stocks in Chinese Companies, which will shortly be practically worthless. BOOM! + +Did you think Lehman Brothers going under was monumentally devastating? + +Events like this will create a chain reaction that will look like the world's end. People will likely hurt themselves. + +Ken Griffin what the fuck have you done? You are the textbook definition of a financial terrorist! + +[Don’t dance, don’t say I told you so, be humble and do your best to help whoever you can.](https://preview.redd.it/0iuqqokvc3z81.png?width=664&format=png&auto=webp&s=9a09ea851f5cc182784b24b71861f7e5f30bfd24) + +As these BIG institutions go under, then the value of ALL BONDS will be affected because The liquidations will destroy confidence in all banks and institutions. We’ll see massive sell-offs of commercial bonds before this becomes mainstream global news. + +Any company that has issued bonds will see interest payments rise steeply. That will cause similar problems to what we see with Evergrande. Those effects will reverberate around. + +We could likely see defaults in companies who provide REAL things and services as their holdings (profits from over the years of operating) may be stored in those same bonds issued by companies and will be reduced to zero as the issuer goes bankrupt. Any loans on those financial assets could also be called in. An issue like this can cause actual cash flow and payment problems for the operating company. + +This process will not take days, it will be drawn out over months and months. Here’s why; if a company wants to liquidate, they have to take financial advice first. That consultation process takes about 60-days. They then appoint a liquidator who instructs the people they owe money to that they’re “going under”, and then the process cascades to their suppliers, etc. + +There will be very little funding or loans available to help companies who are struggling, and they won't print more money because that’s what got us in this mess. + +Please understand that this crash won't just affect the financial markets; jobs will be lost everywhere. Right now, not many people are even aware we are in a global crash, but it will get so dark that everyone (unless they live in a cave) will know. This is still only the first round. + +Unemployment will rise, and “arr/antiwork” will seem distant and beautiful sub to reminisce about. + +Companies that survive will have to reign in dividends, cease stock buybacks and cut spending. The smart ones will keep a healthy cash balance and have organised loans for the shitstorm that’s about to hit. (Sound familiar?) + +The whole market will collapse. + +There is hope; Out of the ashes, a phoenix shall rise. + +The next generation of trading and exchanges need to be transparent – no fraudulent transactions – no naked shorting – no darkness – lit everywhere. + +All transactions will be recorded in an open ledger which is entirely transparent and readable by all. + +No more automatons operating in the darkness, running wild, controlled by some Mickey mouse operation who arrogantly believe they are too big to fail. + +A group of sorcerers have teamed-up up in the embodiment of Ryan Cohen and his newly formed team. I have faith he is strong enough to hold the weight of the clean-up task ahead. + +&#x200B; + +[You see it with your own eyes. You’re here right now, and you’ve just been on a journey with me to the future.](https://preview.redd.it/64ely3r0d3z81.png?width=445&format=png&auto=webp&s=1549e84866b0e07e588f927c4cdd8588d7d4a612) + +Try to keep this secret, but share it with your loved ones. Let’s keep them safe. + +TLDR; Evergrande is going through a SLOW liquidation. Firstly, this allows banks to offload some of their bags. The slow decrease in value also means the margin requirements required to cover the decline in value of the stock increase slowly. They are causing Volatility. Many institutions holding these shitty bonds, trading Сrypto, operate short baskets, and that’s why there’s high volatility as the market goes through a slow crash. We are potentially 15-50% through the crash at this point. The full crash will ignite the world, and new systems will be built that will try to prevent a crash like this from ever happening again. + +Edit: Grammar, typos, formating. + +Edit: Wording, Typos (LRZ/LRC) + +Edit: Added Tether/USD chart, as requested. +I originally put a version of this post in /r/personalfinance and realized it was the wrong sub. Someone directed me to fatFIRE, so here I am. I've edited the post, adding some information and clarifying some stuff to make it better. + +The facts: + +* I am FI and thinking about RE to sail around the world slowly. I am trying to sort through why this is important to me and whether this is something I'll regret doing--or not doing. +* I am in my late-40s. I'm divorced and I am not remarrying. Even though my divorce was easy and went fine, I will not intentionally trust a judge with making decisions about my finances or life ever again. I'm committed, however, to someone special who is happy with our relationship and who understands that I will not get legally married again. +* My kids are grown and college is mostly paid-for with 529 plans. I'll pay the balance (\~$100K) in the next few years. +* My significant other has children too, and she works full time. I support the household, although she buys groceries (which, to her credit, costs a lot!). I love her kids too, but she has 529 plans for them and it is not my plan to pay for their higher education (they also have wealthy relatives for that). Her kids are partially what is holding me back from leaving now, but they'll be on college soon too (time flies, people) and/or we've talked about taking them. +* I have friends, hobbies, and am pretty happy most of the time. The antidepressants probably help too. +* I live off of between $150,000 and $200,000 per year, providing for the family, and have a great quality of life. Most of that is highly-discretionary (e.g., $40K on travel last year) and I could easily live off of a lot less. +* I drive used cars, wear second-hand clothing, and have generally inexpensive tastes, but I do own a very nice (second-hand) sailboat. It's my passion and, as noted above, I'd love to circumnavigate one day. +* I'm a leader in my industry. I've accomplished as much as I'd ever dreamed possible and more. I think people would be very surprised to see me walk away from it. I also think there are people who would kill for my position. +* I make about $2 million per year from this primary business. If I leave it's really **done**. I cannot sell it and, once I leave, there's no going back to that level of income. I could go back to the industry and make a decent living, but I'll never be able to return to that level of income without making sacrifices that I'm not prepared to make again. \[I'm not revealing my business or industry, sorry, but it's a legitimate profession and I'd rather not dox myself.\] +* I have a side business that kicks off about $200,000 a year. I probably could **not** run it successfully from afar, so if I leave then it's gone too. +* I have another online gig that kicks off about $40,000 a year. I could obviously keep this going from afar. +* I have over $1 million in retirement savings invested in index stock funds in tax-advantaged accounts. +* I have more than $10 million invested in taxable accounts, mostly intermediate-term, high-quality municipal bond funds at Vanguard that kick off \~$25,000 per month (obviously this is free of federal taxes). Assuming rates stay this low for the foreseeable future, that income could drop to \~$20,000 per month . . . I obviously live off of less. +* Since everyone loves ratios (including me), that means I am 10% in equities and 90% in munis for now. +* I hate volatility and used to be an active trader. It was addicting for me. During that time I made fortunes and lost fortunes. I'm done trading (like a recovering alcoholic) and like the low risk, predictable set-it-and-forget-it income and lack of volatility from munis. +* Nothing is perfect, but munis seem pretty close to perfect for me right now (I'm getting about a 5% +/- return on the money on a tax-adjusted basis) and multiple experts seem to think the equity markets (which I believe are overpriced) are not likely to return more than that over the next decade. +* If equities dive materially, I am willing to be a buyer but I am a value-guy and like things "on sale." I know this will be unpopular and I am not wishing pain on anyone, but I'd like to see equity markets dive 30% and the VIX spike above 40 before going shopping for equities. If that never happens, so be it. +* I have a deep distrust of people in the financial services industry (so no wealth managers, thank you). DIY for me. +* I have all my Estate stuff set up with my lawyer. +* I've invested in RE in the past. It's a chore, in my opinion, and that market is also widely overpriced. I bought multiple properties in 09/10 and sold them last year for a lovely profit. I don't miss them or the hassle. +* I have zero debt. I own my home, a second home, sailboat, and cars free and clear. +* It is **not** possible for me to take a 6-month (or more) sabbatical from my work. If it was, I do it in a heartbeat. +* I don't find any of my businesses particularly stressful and enjoy my work, but I feel as though I need to do something different with the rest of my life--a new chapter. Sailing would be part of it, but I'd find other outlets too (such as volunteering, teaching, writing, mentoring, etc). +* After some weekend reflection, I realize that my identity is **not** my profession or money; I am driven by the desire for high achievement. I wonder whether I will miss pursuing those difficult projects from my profession and whether pursuing them will be the same when I am not "rolling in the dough" like I am now (i.e., my high income affords me the opportunity to do some of these things that other people, who are trying to get by, cannot do). +* I am grateful and know that I'm lucky although, strangely, I really don't **feel** "rich" but I know full well that I **am**. + +I've tried to cover a lot. Here are my questions: + +1. What are your thoughts on walking away from making $2 million+ per year to go sailing (or whatnot) if you could **not** go back? Doesn't that seem reckless? Then again, life is short and I'm young and healthy. Money isn't everything and I seem to have plenty. \[My partner is in the same industry and she makes \~$150K-ish per year. She doesn't have this problem since she knows she could go back and make that anywhere.\] +2. I know 90% munis is going to make some people pucker, but really what is the alternative for a safe, tax-efficient set-it-and-forget-it investment that returns a tax-adjusted \~5%? Corporate bonds are MUCH more risky than munis (the default rate is less than .5% for munis) and I am very well-diversified and conservative within that sphere. The biggest risk for me, I think, is some immediate non-grandfathered change in the law that changes the tax exempt status of muni income, but I am not worried enough about that to make any changes. +3. All that said, I am open to any input. I guess I'm just looking to talk it through. + +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[SBTX / Silverback Therapeutics, Inc.](https://fintel.io/n/us/sbtx)|10|2,783,572|21|58,455,012 +[RGLS / Regulus Therapeutics Inc.](https://fintel.io/n/us/rgls)|10|43,986,020|1|27,359,304 +[PROG / Progress Residential 2018-SFR3 Trust 4.18](https://fintel.io/n/us/prog)|2|8,256,880|3|26,999,998 +[MPLN / MultiPlan Corporation](https://fintel.io/n/us/mpln)|3|1,812,045|8|14,893,602 +[ZMTP / Zoom Telephonics Inc.](https://fintel.io/n/us/zmtp)|2|3,602,606|2|8,465,404 +[CAR / Avis Budget Group, Inc.](https://fintel.io/n/us/car)|2|117,758|39|4,577,612 +[GIM / Templeton Global Income Fund](https://fintel.io/n/us/gim)|2|519,740|5|2,823,836 +[SEER / Seer, Inc. Class A](https://fintel.io/n/us/seer)|1|78,947|19|1,499,993 +[HCHC / HC2 Holdings, Inc.](https://fintel.io/n/us/hchc)|3|340,548|3|1,186,563 +[DRTT / DIRTT Environmental Solutions Ltd.](https://fintel.io/n/us/drtt)|2|326,600|3|1,028,801 +[CSV / Carriage Services, Inc.](https://fintel.io/n/us/csv)|1|29,000|30|870,580 +[CURI / CuriosityStream Inc. Class A](https://fintel.io/n/us/curi)|3|78,000|9|701,220 +[CNNE / Cannae Holdings, Inc.](https://fintel.io/n/us/cnne)|1|15,000|42|634,950 +[VTA / Invesco Dynamic Credit Opportunities Fund](https://fintel.io/n/us/vta)|1|38,898|10|406,095 +[USIO / Usio, Inc.](https://fintel.io/n/us/usio)|2|193,382|2|346,154 +[BKI / Black Knight, Inc.](https://fintel.io/n/us/bki)|2|3,383|88|299,951 +[FSLF / First Eagle Senior Loan Fund](https://fintel.io/n/us/fslf)|2|16,872|14|231,821 +[DLTR / Dollar Tree, Inc.](https://fintel.io/n/us/dltr)|2|2,000|111|222,000 +[HMHC / Houghton Mifflin Harcourt Company](https://fintel.io/n/us/hmhc)|1|52,622|3|178,394 +[VBFC / Village Bank &amp; Trust Financial Corp.](https://fintel.io/n/us/vbfc)|3|5,000|31|155,000 +[ATCX / Atlas Technical Consultants, Inc. Class A](https://fintel.io/n/us/atcx)|1|20,000|7|141,600 +[TCC / Trammell Crow Co.](https://fintel.io/n/us/tcc)|2|15,000|9|135,043 +[BOXL / Boxlight Corporation](https://fintel.io/n/us/boxl)|3|85,000|2|134,900 +[TESS / Tessco Technologies, Inc.](https://fintel.io/n/us/tess)|3|19,300|6|121,657 +[MDLZ / Mondelez International, Inc.](https://fintel.io/n/us/mdlz)|1|2,000|58|116,840 +[GBDC / Golub Capital BDC, Inc.](https://fintel.io/n/us/gbdc)|4|7,922|14|111,611 +[VSTM / Verastem, Inc.](https://fintel.io/n/us/vstm)|1|50,000|2|108,500 +[CODI / Compass Diversified Holdings](https://fintel.io/n/us/codi)|1|4,000|25|100,400 +[GFF / Griffon Corp.](https://fintel.io/n/us/gff)|1|5,000|20|100,100 +[UAL / United Continental Holdings, Inc.](https://fintel.io/n/us/ual)|1|1,900|49|93,091 +[ARAV / Aravive, Inc.](https://fintel.io/n/us/arav)|2|16,000|6|92,240 +[FLL / Full House Resorts, Inc.](https://fintel.io/n/us/fll)|1|20,000|4|74,200 +[HRTH / HARTE HANKS INC](https://fintel.io/n/us/hrth)|7|24,000|2|59,728 +[BZH / Beazer Homes USA, Inc.](https://fintel.io/n/us/bzh)|1|3,616|15|55,324 +[CTHR / Charles &amp; Colvard, Ltd.](https://fintel.io/n/us/cthr)|3|43,915|1|53,885 +[DMAC / DiaMedica Therapeutics Inc.](https://fintel.io/n/us/dmac)|2|10,000|5|53,697 +[ACFN / Acorn Energy, Inc.](https://fintel.io/n/us/acfn)|1|164,501|0|49,350 +[MSVB / Mid-Southern Savings Bank, FSB (Salem, IN)](https://fintel.io/n/us/msvb)|2|3,042|14|43,751 +[HEPA / Hepion Pharmaceuticals, Inc.](https://fintel.io/n/us/hepa)|1|25,000|2|39,418 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[ZI / ZoomInfo Technologies Inc. Class A](https://fintel.io/n/us/zi)|52|-42,095,743|44|-1,846,934,929 +[FOUR / Shift4 Payments](https://fintel.io/n/us/four)|1|-9,200,000|54|-495,282,000 +[AQUA / Evoqua Water Technologies Corp.](https://fintel.io/n/us/aqua)|2|-16,615,382|25|-413,723,012 +[OM / Outset Medical, Inc.](https://fintel.io/n/us/om)|4|-7,372,450|50|-371,202,858 +[BGNE / BeiGene, Ltd.](https://fintel.io/n/us/bgne)|2|-1,511,546|220|-333,295,893 +[OSH / OSHKOSH WIS GO REF BDS 2016 H](https://fintel.io/n/us/osh)|5|-1,574,250|46|-72,415,500 +[LYB / LyondellBasell Industries NV](https://fintel.io/n/us/lyb)|4|-518,691|89|-45,948,398 +[PVH / PVH Corp. ](https://fintel.io/n/us/pvh)|13|-427,105|90|-38,575,023 +[CRSP / CRISPR Therapeutics AG](https://fintel.io/n/us/crsp)|19|-171,004|154|-26,424,505 +[CRWD / CrowdStrike Holdings, Inc. Class A](https://fintel.io/n/us/crwd)|3|-155,000|168|-26,073,400 +[FCX / Freeport-McMoRan Inc.](https://fintel.io/n/us/fcx)|2|-952,887|25|-24,032,612 +[NARI / Inari Medical, Inc.](https://fintel.io/n/us/nari)|6|-269,322|66|-17,766,228 +[TFFP / TFF Pharmaceuticals, Inc.](https://fintel.io/n/us/tffp)|4|-1,075,000|14|-14,943,000 +[DEN / Denbury Inc.](https://fintel.io/n/us/den)|5|-586,477|25|-14,407,183 +[VAR / Varian Medical Systems, Inc.](https://fintel.io/n/us/var)|1|-82,500|174|-14,383,974 +[AVTR / Avantor, Inc.](https://fintel.io/n/us/avtr)|2|-510,640|27|-13,864,558 +[SEDG / SolarEdge Technologies, Inc.](https://fintel.io/n/us/sedg)|15|-42,619|276|-11,813,152 +[BLL / Ball Corp.](https://fintel.io/n/us/bll)|5|-124,062|94|-11,722,732 +[SNPS / Synopsys, Inc.](https://fintel.io/n/us/snps)|1|-47,299|237|-11,227,217 +[MTOR / Meritor, Inc.](https://fintel.io/n/us/mtor)|2|-400,000|28|-11,165,448 +[SCCO / Southern Copper Corp.](https://fintel.io/n/us/scco)|1|-176,195|61|-10,749,657 +[QSR / Restaurant Brands International Inc.](https://fintel.io/n/us/qsr)|1|-149,793|60|-8,959,119 +[FIVE / Five Below, Inc.](https://fintel.io/n/us/five)|4|-48,461|162|-7,820,109 +[TWST / Twist Bioscience Corp](https://fintel.io/n/us/twst)|2|-75,000|103|-7,755,000 +[SKX / Skechers U.S.A. Inc.](https://fintel.io/n/us/skx)|2|-200,000|37|-7,426,768 +[PLNT / Planet Fitness, Inc.](https://fintel.io/n/us/plnt)|2|-100,000|74|-7,405,492 +[TTEK / Tetra Tech, Inc.](https://fintel.io/n/us/ttek)|4|-71,468|98|-7,281,534 +[GIX / GigCapital2, Inc.](https://fintel.io/n/us/gix)|4|-593,551|11|-6,710,173 +[NEO / NeoGenomics, Inc.](https://fintel.io/n/us/neo)|3|-134,735|48|-6,535,030 +[ENPH / Enphase Energy, Inc.](https://fintel.io/n/us/enph)|2|-50,000|130|-6,514,790 +[TEN / Tenneco, Inc.](https://fintel.io/n/us/ten)|2|-588,968|11|-6,473,035 +[Z / Zillow Group, Inc. Class C](https://fintel.io/n/us/z)|2|-57,500|110|-6,329,710 +[MSA / MSA Safety Inc.](https://fintel.io/n/us/msa)|5|-38,233|152|-5,790,731 +[SMTC / Semtech Corp.](https://fintel.io/n/us/smtc)|6|-80,144|71|-5,655,853 +[LAD / Lithia Motors, Inc.](https://fintel.io/n/us/lad)|10|-18,403|294|-5,387,224 +[HUBS / HubSpot, Inc.](https://fintel.io/n/us/hubs)|4|-11,500|390|-4,484,468 +[ECL / Ecolab, Inc.](https://fintel.io/n/us/ecl)|5|-18,445|224|-4,131,885 +[WEN / The Wendy&#x27;s Company ](https://fintel.io/n/us/wen)|1|-184,823|22|-4,064,184 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +I good enough now to give FTMO a try. But what's with the hate? + +Hate argument #1: "You're trading a Demo Account" + +\- So fucking what? The money is real once you get a payout. Also, many don't realize that a huge part of this is due to regulation. In the US you have to pass a Series 7 and be licensed to trade someone else's money. FTMO's workaround is the DEMO account. You trade DEMO and they copy your trades with real money (or maybe not, who cares? as long as they pay out). + +Hate Argument #2: "Their business model is from collecting challenge fees" + +\- So fucking what? They have to make money somehow. The shitty traders pay for the 1% (or less) of good traders who can pass challenges and get withdrawals. + +&#x200B; + +I think it's genius to use these prop firms if you can actually pass the challenges. Your risk is defined. $550 for a 100k account. $550 is your max risk, if you pass the challenge you get $10k risk for free, on the house. You also get the $550 refunded, which you can use to buy another challenge. Get the withdrawals and buy more challenges. Repeat. + +So FTMO haters, what do you say to this? I genuinely want to hear your side +I'm trying to perform a DCF on Microsoft, but I'm having issues. First, it doesn't show the depreciation on the income statement on [SEC.gov](https://SEC.gov) and I'm wondering where it should be on the income statement since I can't figure out how to find the EBIT without it. Second, yahoo finance shows two lines for Microsoft's financials called operating income and EBIT. I thought they were supposed to be the same thing. Can someone clear my confusion? +I’ve been eyeing Verizon for a while ever since Buffett entered at $59. It’s a fairly simple predictable free cash flow generative business with a strong competitive advantage. 5G provides a strong catalyst for future growth, and fairly conservative assumptions for a 12% return indicate a fair value of roughly $54.00. + +What are your thoughts on $VZ? + +Disclaimer: This is not investment/financial advice. You are solely responsible for all of your investment decisions. +DCF is commonly used in social media to determine the intrinsic value of a stock. I wonder how useful it is though. + +DCF is a good model, providing its inputs are accurately predictable. That's why DCF works reasonably well with bonds valuation, because bonds' cashflow is reasonably predictable. The discount rate is also known for bonds. For businesses, however, I think the DCF inputs are not predictable to a substantial level. Many variables can render business DCF inputs assumptions useless. + +DCF is a bond valuation tool. I don't know why some people use it in business valuation. It's like using a car that works very well on land to sail in the sea! + +Don't you think that in determining the quality of a company, one must have a good understanding of the following? + +1. PESTLE analysis of the company. +2. Good understanding of the six microenvironment actors that affect the company. +3. Porter's Five forces that affect the industry in which the company operates. +4. A good understanding of the company's Key Performance Indicators (KPIs), in comparison to peers. +5. Having a good understanding of the trend in which the company is moving. Is the business getting better or worse as time goes on? + +Do you think understanding those areas is more important than DCF? +Hey guys. +I hold a huge bag of Russian stocks, yandex, headhunter, and ozon, all of which I have invested long before the Russian invasion on Ukraine. Their trade were all halted on February 28th as T12 halt. + +I recently read the news that Russian congress is pushing forward the bill to delist Depository Receipts and exchange them with Moscow stocks. But I don’t think this applies to these internet stocks, which are issued abroad (especially Yandex which is issued in the Netherlands). + +I am already down a lot. And I am so worried that I might lose everything. Any insights on how and when Nasdaq or SEC ever allow to trade again? +Disclaimer: this post claims an alternative point of view on the current events, after several removals from [r/bitcoin](https://www.reddit.com/r/bitcoin/) I want to say that we do have different opinions but this censorship needs to end if we want cryptocurrencies to be taken seriously. + +&#x200B; + +All right folks for those of us who bought very cheap for a few thousands, "last chance to buy at 30k" can also very well be "last chance to sell at 30k". + +So reality is -25% is nothing for a bitcoin correction so if you believe you want to sell part of your portfolio to rebuy cheaper, just do it, and if you want to HODL for ever without taking this risk, good for you we will meet again at 150k anyway but don't spread intox like this. +Hi everyone. + +This afternoon, my father (46) collapsed in the kitchen and is in the hospital with high ketone levels AND we just discovered he tested positive for COVID-19 at the hospital. He is in critical condition at the moment, and everything at this time looks grim. + +I am unaware of my family’s financial plan at the moment, as my father is the main provider for the family — with his disability checks. In the case of his passing, I am the only member of my family with any savings and a steady job. + +My father is on disability for (rather severe) type 1 diabetes and I’m not sure how much he makes or literally what happens if he dies, but if someone could explain how disability works when someone passes away, that would be an enormous help. + +My personal issue is here: I (22) live in NC & am a manager at a small clothing business. My yearly salary is about 21k and I usually work 40-50 hours weekly. In savings, I currently have $1500. If my father passes away, I have to move back to West Virginia and support my family, as they have 4 adopted children under the age of 10, and my mother (41) has an immunodeficiency due to Chrons disease, and she may have COVID-19 as well. I will not let my mother lose these children, and in the joint will of my parents (under the circumstance my parents pass) I will be the guardian of these children. + +What the hell do I do? Do I quit my job and move back to a financially barren state, get a new job, and continue to live? Do I stay, make money, and hope my mom takes care of the kids?? I’m so sorry if this is frantic, but I think my life might be falling apart. Any and all guidance will be very appreciated. +I’ve been seeing a ton of negativity on this sub lately toward other submitters. Why are we being hostile to a 21 year old that put $100 in an account to learn about the market? + +It almost seems as if some users take joy in others mistakes. Let’s stop that. I hope you all have a huge day +From a psychological standpoint point, the term “Double Down” sounds risky. It sounds desperate. When do you double down? When you’re trapped in a gamble that you NEED to succeed. It shows a weak player who hadn’t thought out their play before throwing their money on the table. + +Now “Due Diligence” speaks of wisdom. It tells a tale of a person who is taking the time to cover their bases. A person who looks at the options and makes a rational decision. A diligent person; the kind you would put your own bets on. + +Now I firmly believe these media shills are not idiots. This isn’t their first rodeo and they have huge money, their own psychologists, and years of manipulation experience. Of course, we will laugh and point at them for their perceived stupidity. + +But (and this is important) WE ARE NOT THEIR AUDIENCE! + +They already know damn well what we think of them. The fact that they use DD (wrongly) as a term confirms they’re in here and they are aware of our stance on their bullshit tactics. Their game right now is to dissuade new money from coming in. It’s been that way since January. + +“Shorts have covered” +“Reddit crowd is manipulating the market” +“Look at these stocks, the next GameStop!” + +By claiming our DD is about Doubling Down, they paint us as irrational players at the table. Risking it all because we already fucked up once. + +Not our Due Diligence. Not our hundreds, thousands of man hours put into research and review. Not our god damn unshakeable will to HODL because we know this isn’t a bet anymore. It’s not a matter of IF to us, it’s a matter of WHEN and they know it as well as we do. + +Just more tactics to make the sheep too afraid to look down and see they’re not covered in wool with grass beneath their hooves but apes with hands made of diamond and a god damn rocket ship sitting in front of them. + When people think of the U.S. economy in the 1970s, many things come to mind: + +\- High oil prices + +\- Inflation + +\- Unemployment + +\- Recession + +A question for baby boomer investors and historians who have studied the US or European stock market during the 70's. + +a) Which sectors of the economy performed well and why do you think this was so? + +b) Can you recall any specific companies that thrived in this environment, and if so what were the forces that enabled them to outperform? + +c) Do you recall if there were any windfall taxes on companies that outperformed in the 1970's? + +d) If we have a stagflation and a recession in the later 2020's, which sectors of the economy do you think will out perform and why? For example, can you draw any parallels between what worked in the past and what might work in the future. +In 2018 I moved in with my partner. She already had two kids from a previous relationship. A year later she told me that she'd been claiming child benefit and because of my salary (over £50k) I would have to pay it back. I knew nothing about this and was shocked to say the least but went on to HMRC and paid ~ £1300. HMRC didn't request the money and I don't think they knew why I had sent them money. + +She stopped claiming it at that point (as didn't see the point of it me essentially paying her money in one bulk payment at the end of the year). Fast forward to today and she has now admitted to me that she restarted claiming it over the last 3 years to a total of about £8k. + +Again, I didn't know she was claiming it. Prior to us meeting she got herself into bad debt and repays a charity. Whilst she says the money was used for child care, at least a decent part of it has gone to repaying her debts. HMRC are not chasing this money as we don't appear to be linked in any way but my accountant has informed me that I must repay this. + +Aside from the dishonesty, where do I stand? I assume high income benefit tax is designed because both parties would know they are claiming it, and would have to repay it. If one party didn't know it was being claimed, where do they stand? Am I supposed to just take this on the chin? +FTX official Twitter released an update yesterday that some number of users who withdrew funds from FTX International on the 11th face having these funds taken back. It is not certain what group or number of users are affected. The funds are being returned to FTX, to be accessible and adjudicated upon by bankruptcy courts. As it is the entire FTX group including FTX US that filed for bankruptcy, it is unclear why FTX has not stated that this also affects FTX US withdrawals. + +&#x200B; + +https://preview.redd.it/7y9xqmle1a1a1.png?width=599&format=png&auto=webp&s=151bfd8c373e51080efb626a45d6cac3ff4e7f7a + +This most likely refers to Bahamian funds on the platform where SBF and FTX both (in separate similar tweets) claim that Bahamian regulators mandated FTX International to permit withdrawals by Bahamian citizens, a claim strongly later denied by the regulators. + +&#x200B; + +https://preview.redd.it/93v9z21t1a1a1.png?width=574&format=png&auto=webp&s=72b67fb8a4f367294b59bb3f03dc7ed43b1709bb + +FTX and SBF also agreed to a credit facility with Justin Sun and his DAO Tron to permit withdrawals but only using Sun-owned token BTT, TRX, SUN, JST, and HT. This credit facility was instituted 10th Nov such that FTX may also be referring to funds transferred out through this facility on the 11th as well, as any assets left on the platform at bankruptcy time would have already been declared through courts. + +Lastly, very confusingly, Bahamas regulators have acknowledged seizing assets from FTX. However it is also very unclear whether this seizure refers to the entire sum of missing funds of FTX assets or just some portion of it. The tweet may *also* be referring to the 'stolen' sum of money that represents the balance of what regulators did not seize. These funds however are only reclaimable if the hacker(s) made a rookie move and utilized centralized exchanges. +For covered calls, I'm trying to understand if this strategy works: + +If the stock dips, I keep the premium. Could I then sell an OTM call with a strike below my cost basis? If I get exercised, could I IMMEDIATELY buy back the stock, keep the premium, and continue to sell an OTM call, repeating this process of getting exercised and quickly buying it back until the stock returns to my cost basis, **and collecting premium along the entire way**? + +If I sell a CC and the stock rises, could I keep the premium and let the stock be exercised? Then, if I IMMEDIATELY buy back the stock, can I start this process over again, **continually collecting premium while the stock rises?** + +(and if the stock goes sideways, that's great because we keep the premium and the underlying stock) + +Also, what are the tax implications for this strategy? + +I am asking this because I'm looking for an options strategy with fairly consistent income (the premium) regardless if the underlying goes up, down, or sideways. The covered call seems to check the boxes for this. Thanks for your thoughts! +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. +First of all, sorry for my english and second dont judge me. +Well, my dad is a rich men, he is in a very good position, lives a frugal life, we have his things that like, His little expenses that make him happy. + +He is the best dad i could have, he teach me everything i know about money and life in general. +I am not a spolet kid, i work and live by my own, i struggle with money because of my low salary job. + +I dont expend in dumb things, i just have a little job with little salary. I share rent with my best friend and the two of us are in university. + +Now, here comes the problem. +My dad is going to pass away, i am staying with him this days to pass His last days togheter, i cant stop crying over this, he is my personal hero. +The thing is that i am going to inherit. + +He come to talk to me about this, i didnt want to talk about something like that, but he tell me how much was going to be, 60% for me, 40% for my sister of all that he have. +I know about money, but literaly, i dont know what to do with so much money. + +My rent is one hundred dollars a month, in my country the tenants pay the hao, that are 50 dollars, gas, water and electricity are 25 dollars, food another hunderd (we are two and whe pay 50/50) and really, i dont go out, i dont own a car because my work Is near my house, and also the university, healthcare is paid by my dad, this is because he paid it with the company, that way is cheaper, is not it will be 100 dollars just for my and that way is just 20 dollars. +And university is 50 dollars. + +Now i will count my expenses as if i was alone and not sharing rent and paying the 100 dollars healthcare, i find one more cheap but my psychiatrist (I suffer from chronic depression) does not accept other health insurance. + +I expend 5k a year, and day after day it become cheapper because of devaluation of national currency. + +Know, what can i do with my inherit? + +I was thinking of buying houses in usa and let then to rent, +Is this a good idea? Having houses to rent? I should give money to a money mannager and let them invest the money? + +I think about buying 4/5 houses for rent, i am just looking for cashflow, not a crazy one, 2k a month is a lot here, and the 2 apartments i saw gave me that, the others are for saving money, i dont know what to do. + +I dont need/want a crazy life style, i want to keep my normal life, but i am scare of loosing the money in a dumb way, i am smart, i am doing two carrers in the university, but i dont know, i dont want to waste all that my dad create and left for us, also, i want to have the feeling that my own my stuff with my hard work, dont get my worng, I am very grateful to my dad and I appreciate everything he has done for me, but i want to earn my things with my job and carrer, so i am not going to live like if i am rich or if i deserve it, but i dont want to do worng with that. + +Any advice? + +I will not give an exact number, but we are talking about an eight digit number +We would normally sell our vehicles via Craigslist for what we feel is the best deal. But if the international move happens, we won't have time to sell it ourselves. I was wondering what the next best option is. We had one car quoted in the past from CarMax. I understand their business model in that they need to underbid to make a profit, but the amount offered seemed extremely low compared to the KBB price. What are good options for getting rid of cars quickly and getting a fair price? + +Edit: Vehicles are 2011 Nissan Leaf, 2013 Chevy Volt, and 2015 Chevy Silverado Duramax. + +Edit2: I may have up to about 4 weeks notice, but I'm envisioning I'll be pretty occupied with multiple activities at that time that go with packing, moving, selling a home, etc. +To preface all of this I'd really like to point out... + +# THIS DOES NOT CHANGE ANYTHING. + +The Proxy Statement was finally released today (if you couldn't see from the dozens of posts already) and on it, it listed something very specific in terms of the Record Date: + +https://preview.redd.it/lmaif1j0btu61.png?width=842&format=png&auto=webp&s=318f57640895f5a14711634fe9277974ff4b9283 + +Yes, as of close of business on **April 15th, 2021**. + +Now people are freaking out because they either think they understand this, understand it incorrectly, or don't understand this at all. Here are the different views on this: + +\- The Record Date means as of April 15th, you must be the OWNER. Doesn't mean you had to recall it yet. You can recall up until 10 days before June 9th. >! FALSE.!< + +\- The Record Date means as of April 15th, you must BE THE HOLDER OF RECORD. If you lent out shares, you forfeited that power. >!TRUE.!< + +&#x200B; + +# Counter Arguments? + +1. Now people will probably counter and say "No, share owners have until 10-days BEFORE the meeting to recall shares. This is incorrect. This came from a very harsh misunderstanding (like really, did you even read?) of how soon the **RECORD DATE** could be placed. Yes, how soon you could ask for the shares to be accounted for is no more than 60 days **before the meeting**, but no less than 10 days. This is NOT about a recall. It is about the **RECORD DATE**. YES, I'VE BOLDED IT AGAIN. And what was the record date in the filing? **APRIL 15TH, 2021.** +2. Another counter is that I'm wrong. "The record date is only to see who owns the stock before April 15th, but they must be recalled in order to vote." This isn't very logical because it argues against itself. How do you know if you own the stock? By recalling any lent out shares. [If you lent out shares, you forfeit your rights to vote.](https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp) Still not getting it? I'll just add the picture so you don't need to click the link. + +https://preview.redd.it/kt00zuycdtu61.png?width=1254&format=png&auto=webp&s=f34ae3ac861d291b2fa37446a38079b32420702d + +Yes, BlackRock did NOT vote in GME *last year* and chose to continue lending out their shares. Does it mean they will this year? Who knows. Does this mean they didn't recall their shares? Who. Knows. Does that mean they can still recall their shares? **Yes.** But not for voting purposes (please do let me know if their needs to be a valid reason per rules). + +&#x200B; + +I'm writing this because too many people are downvoting people who are calling it correctly and attempting to educate us instead of letting people continue to babble in what's becoming an echo-chamber of misunderstanding and incorrect information. It's sad to see that people rather live in a fantasy world and be wrong, than face the truth and think of how we should move forward. I've said it in MANY of my posts in comments; **misinformation and false hype from a real ape is more dangerous than a shill. Shills are at least obvious**. Let's keep it civil and open ourselves to learn, whether its critical thinking, DD, or even googling for a tiny bit. Just like the stock, expect the worst and hope for the best. Considering an opposing thought or idea only better prepares you. You lose NOTHING by seeing things from someone else's perspective. + +&#x200B; + +Does this mean bad news for us? Not at all. Sure, a *share recall* was something we were hoping for from BlackRock or some other big name. However, this doesn't change or delay the MOASS. If you need more confirmation bias, remind yourself that it's right in front of you. Paid shills. MSM posting shitty articles trying to push people away from GME. Price drops on good/great news. DFV, a man who could've ran away with 50m+ in gains QUADRUPLED DOWN. Again, the single most important DD out there is one word. **HODL.** + +&#x200B; + +For more specific information, please refer to this post that has NOT gotten enough attention: + +[https://www.reddit.com/r/Superstonk/comments/mvnte3/clarification\_on\_voting\_rights\_blackrock\_share/](https://www.reddit.com/r/Superstonk/comments/mvnte3/clarification_on_voting_rights_blackrock_share/) + +&#x200B; + +Also, apologize to this man: + +&#x200B; + +https://preview.redd.it/jwgf6oaphtu61.png?width=1075&format=png&auto=webp&s=b07f6e862a2a320c013a54acb4f42ec401976ea7 + +\-81? Poor guy was only speaking the truth. We're better than this. + +NFA, NAL, AMAPE. +*[[ The DOJ and DHS were deceptive, misleading and irrelevant in their testimony on bitcoin. The explanation here: https://www.reddit.com/r/Bitcoin/comments/7gbj9z/the_department_of_justice_testimony_in_congress/ 11/29/2017 - 2:38 am ]]* + +The US Senate Judiciary just sneaked a full panel hearing on criminalizing Bitcoiners. + +How do I know that ? +Because the hearing was just scheduled +https://www.judiciary.senate.gov/meetings/s1241-modernizing-aml-laws-to-combat-money-laundering-and-terrorist-financing + +The fact that the meeting is not on the Senate page show how sneaky they are .... **WE ARE NOT CROOKS** + +**Call** your senator: http://AbolishTheBitlicense.com/advocacy.php (if you don't live in those states, pick a Senator randomly and call their office.) + +**Watch** the hearing live: https://www.judiciary.senate.gov/meetings/s1241-modernizing-aml-laws-to-combat-money-laundering-and-terrorist-financing + +Tweet to the **"@senjudiciary that #Bitcoiners are not #Crooks Remove #DigitalCurrencies from Section 13 of S1241"** + +Theo Chino +https://Article78AgainstNYDFS.com + +https://www.meetup.com/Article-78-Against-NYDFS/events/245448836/ +I bought the coin when it was at $0.40 a while back. Now days all I see are these big company’s using it. We have the Disney/Polygon partnership, JPmorgan making their first trade on polygon, and there’s been a few other big names doing things with the polygon network. This is more then I’ve seen from any other crypto. + +What is everyone else thoughts on the future of polygon? I can easily see the price shooting high next bull run +Hello everyone, + +There's a popular post on this subreddit that warns of an incoming Ethereum supply shock. + +I would just like to point out that the graph is a bit misleading. Yes, the Ethereum reserve in exchanges is dropping, but the post makes it seem far more dramatic than it is. + +Here's the link to the graph : + +https://cryptoquant.com/overview/eth-exchange-flows/278 + + +The post (intentionally or not) omits the left axis, which clearly shows that the supply on exchanges went from 24M to 18M. + +Without the left axis, it would look like the reserves are dropping to zero, which is far from reality. + +I just wanted to point this out for a clearer image. + +People shouldn't blindly trust the information given to them, and always do your research. Your hard earned money is on the line. +I’ve visited it yesterday when it first popped up on Reddit. It went through some weird redirects in the URL, some started with with a string “data:” which could be used to do browser hijacking. Now it goes to a different URL than yesterday, even more suspicious. Please be care and/or don’t checkout the URL till it’s verified by more wrinkled apes. +Before, it felt like we were right and the hedgies are fukt, and GameStop is going to the moon. That’s all still true, but now it is starting to feel kind of ominous. People will lose homes. People will die. People will be buried in debt. This will be the greatest financial crisis in history. The government has fucked up so much, and it’s all coming to a close at once. + +However, I feel like now is a great time to bring attention to r/apephilanthropy. Don’t forget to help people out in tough times when you can. Be excellent to each other. +I joined this fight the weekend of January 22. I remember getting an article about how GME had halted from circuit breakers. So I read more articles, and then went to WSB to find the sub's sentiment on everything. Then I became aware that this was more than a stock, it was a movement to take down the hedge funds, and I knew I wanted in. + +At that point, the movement yet hadn't evolved into Occupy Wall Street 2.0. There were some mentions of people wanting to get back at Wall Street for 2008, but that came in the next week once everyone started hopping on board. I think many of you started your journey from the Jan 25 banana/snake post about short squeezes: + +[Disclaimer: This is NOT the origin of the term \\"ape\\" in relation to GME, but that's for a different post](https://preview.redd.it/pupk7c4dga671.png?width=500&format=png&auto=webp&s=e98f526d2f7c4920735078061feedf7a62e18300) + +Then in the following week I watched the biggest green dildos I have ever witnessed in my 6 years of trading^(1) get crushed by blatant market manipulation when those fuckers turned off buying^(2). And then I watched it plummet over the next weeks to \~$38. That was my personal lowest low from this whole ordeal. At that point, I had felt duped and ashamed. "Did they close the shorts? Why are the numbers so low? *Could* they have covered?" Even WallStreetBets, our home, became compromised. The FUD was awful and no one had answers. + +But then people migrated to r/GME and we built a new home. One of the first things we did was fully adopt the Ape namesake. And then we came together in hopes of building a better world. Posts from all over started popping up about how every single person was going all in, with all their money, with all their heart, soul, spirit. People talked about how much they've struggled, how it's been unfair, and how they've been left behind. And within the comments was always overwhelming support. "We're here for you!" "You've got this!" "APES TOGETHER STRONG!" And complementing these posts were the beginnings of the most amazing stream of DD/memes/shitposting to grace the internet and it all started coming together finally for us! And just when we thought we had built this beautiful oasis, it all comes crashing down in a single night^(3)! + +https://preview.redd.it/x0u9i9bspa671.png?width=1242&format=png&auto=webp&s=b509e8460164614fff5f5a50cb06c3b20fd433c2 + +Now we're here at Superstonk and, all things considered in our journey, I feel good about where we're at. I feel like the Apes as a whole have a good grasp on what's Right and what's Wrong and we're able to keep each other in check. It feels like smooth sailing for the most part^(4) but with the flurry of news, DD, and speculative theories popping everyday, it's all taking a major mental toll on many of us. I've been with you through the highs and the lows and I know it's taken a toll on me. I'm fucking tired as hell and I'm not afraid to admit it. And this isn't FUD just because you don't personally relate to it. + +If you're some super robot of a human being and you can just take a beating all day everyday then that's great for you. But I'm gonna tell you right now, I'm fucking tired. And every single person who isn't lying to themselves is also tired. I'm tired of corruption, I'm tired of fraud, I'm tired of everything being unfair and I'm tired of everyone telling us we're crazy for believing that society CAN be better and that society SHOULD be better. I'm tired of the media blatantly lying to our faces and trying to use us for their profit. I'm tired of human beings having to work 80 hours a week at 3 jobs just to put food on the table for their kids. I'm tired of teachers having to pay out of pocket for their students' school supplies. And most importantly I'm fucking tired of the elite playing by a different set of rules that *overwhelmingly*, *unjustly*, and **royally** fucks us at every turn...I'm tired. + +And you know what? It's ok to be tired. We're warriors in what could possibly be the greatest class war in human history. And it's been a long fucking war. Do not feel guilty or ashamed that you're human and that you could use a break. I don't know what you need to hear to feel better about it, but I want you to know that I'm with you. I hear you, I see you, and I'm here for you. + +&#x200B; + +https://preview.redd.it/tzg784bdpa671.png?width=1279&format=png&auto=webp&s=692eab413e2fc5b34e2657fe6dd654f8d66dc190 + +If you're a weary traveler, I invite you to rest by my fire. This isn't gonna happen quick, it might not even happen by summer's end. If you aren't mentally in it for the long haul then you're gonna get burned out. It's a marathon, not a sprint. Go take a breather, go outside, hang out with your friends, have a drink, rip a bong, do whatever you need to do to recharge because it'll happen when it happens and all we can do is wait patiently. If you're tired, know that you're not alone. We're all here with you. And no matter how tired we all get, it doesn't change the fact that Hedgies R Fuk. So hold on, hold tight, and when we launch, rest easy knowing that you secured a seat on a rocket headed to the furthest reaches of the universe. And if you're ever in doubt, just remember **two things**: + +https://preview.redd.it/b12lr45p2b671.png?width=680&format=png&auto=webp&s=959fc94abc840ca9fb967b2ce86cb0b6be50c9f1 + +# AND + +https://preview.redd.it/ikexdd5m6b671.jpg?width=784&format=pjpg&auto=webp&s=1274bb35fcd9a7dceb5d9033fe47b86f1170ddf8 + +# + +# xoxo ButtFarm69 🚀🌕💎🤲🏼 + +&#x200B; + +&#x200B; + +\------------------------------------------------------------------------------------------- + +NOTES: + +^(1) And trust me, I had been trading TSLA calls when they exploded in 1Q20 so I fucking know about big green dildos! + +^(2) This event is appropriately nicknamed "The Sneeze" for those of you who are unaware. + +^(3) The Great Migration occurred on the night of Sunday Apr 4, 2021. This was before I had made a name for myself, but like any true shitposter would do, I made a [shitpost as the ship was sinking](https://www.reddit.com/r/GME/comments/mk9s2a/with_subreddit_sinking_like_the_titanic_i_just/) 😂 + +^(4) A lot of that credit goes out to the Mod Squad, Satori, Knights of New^(4A)...thank you! + +^(4A) Knights of New need to chill on downvoting my memes 😂 +Maybe not building all components, but hopefully, this can guide you through a strong research platform that will allow you to develop alpha. I will divide this into a few key sections: + +1. Data (Source, Clean, Store, Format) +2. Testing Tools (Speed, Reusability, Overfitting protection, etc) +3. Paper-Based Research +4. Implementation +5. Code Management + +We start by talking about data and tools (the setup), then we discuss a standard research process accompanied by a standard implementation process. Then finally, how to not waste decades with code management. + +\------------ Data ----------- + +This is probably the most important stage. Make sure you have data from multiple sources, to begin with. For cryptocurrency data, this is pretty easy to get from one source like Binance, although because exchanges are so dispersed in their prices, the data can really only be used for trading on that exchange. For equities, this is really not the case, and it isn't that bad of an approximation to use NYSE data for NASDAQ (assuming it is the same shares of the same firm!!!). You will likely find more opportunities on smaller exchanges with worse liquidity, especially if you are using limit orders to execute, so getting those sources can be helpful. + +To clean your data you can take 3 data feeds, and take the two that are closest and average them. That way if one has a huge error it will be ignored. Also just remember to format it properly. For example with financial data, people users will use the reporting period end date, but really the data came out like 90 days after that so you will get look-ahead bias. + +Data can get pretty large so using .tar.lz, .tar.gz, or .RAR files is a great way to compress them. LOB data can be stored with LOBSTER, but .tar.gz followed by .RAR is actually the best method and gets past 99% compression rate vs 97% for LOBSTER. + +Aggregated data (meaning from multiple exchanges) is smart for equities to ensure quality but is fucked in cryptocurrency. That is why [Polygon.io](https://Polygon.io) or the likes data is terrible. It is aggregated so your high/low on the candles is way larger than it should be, enough to break your models. + +To store the data, build a proper and fast database. For TBs of data use a non-relational database that works with Rust or C++ backend. Tectonic db is good for orderbook data in Rust. Store data locally if you don't want your pockets to bleed. Scraping data is a good idea as well since most of it can be streamed cheaply in equities/ crypto. + +Almost all HFT data for cryptocurrency is VIP only (here comes the shill), so drop a message and I can sort it out. A lot of exchanges give limited lookback for non-VIP, and many don't give anything historical for non-VIP, although Binance does, except for order book or options. + +As for equities data, that shit is expensive. Luckily I am here to shill (you thought I'd write all this for fun), I have Options data for 3 decades, same with second data, 2 decades of millisecond data, minute data until god knows when, and daily back to 1925, 1850 or something if it is index funds. 1970s for financial data, maybe 60s, depends on the source. Analyst ratings for everything, same with news articles. Google search data even. I have built my data shitpile and now others get to reap the benefits. + +For file type, HDF5 is the fastest and lets you do multi-index data (which should be the standard if you aren't an awful programmer), but HDF5 doesn't store well and fucks up your formatting. Parquet is probably the best for this, although it takes a few ms longer to open/save (which means literally nothing unless your data is so big you have to buy 64GB of RAM or something). Parquet is made by the same people as pandas so that is why it stays so well-formatted. CSV is cool and easy, but the formatting is awful, and single index sucks. + +&#x200B; + +\------------ Tools ----------- + +Build a robust modular backtester that prevents look-ahead. QuantConnect is good for this, but they are incredibly slow so you likely won't get to backtest anything with real alpha. + +Speed is critical so try to code this in C++ or Rust if you plan on working with minute data or less. Anything with a lot of frequency needs to be coded in something that is extremely efficient. VectorBT is in Python so not ideal but is vectorized so reasonably efficient. A lot of shit like NumPy and by extension Pandas is backend in C so use that to your advantage. + +Don't backtest a lot a guess????, read Advances in Financial Machine Learning for more bs on this. + +Have a decent set of graphs for your tests, and try to understand statistics so you don't just overfit a PnL curve and decide you have alpha-like 99% of the posts on here. + +If you want to do any HFT make sure you use limit orderbook data in your backtester and properly record costs to trade from the spread. This is important for evaluating capacity as well. If you want to do real HFT with limit orders you will need a simulator. I do not have the energy to explain this. Rickyhan has a blog on it, it is meh, but usually, the answer is to slap some ML on it. + +Finally, use Jupyter notebook, (lab for the real ones), or Orange if you are incapable of coding. + +&#x200B; + +\------------ Paper-Based Research ----------- + +This is how most research projects end up for those who have never experienced them. Usually, you find something with alpha. Get googling, it's not hard if you get down a rabbit hole of intraday strategies. Then you find all the papers that cite it and grab the good ones (probably only need to skim the title, maybe abstract). Finally, gather your papers, and skim. + +70% only get the title read (like actually read), 15% the abstract, 10% the intro, 5% conclusion, and finally like 1% the whole paper (yes this doesn't add up to 100%, deal with it). + +If you read the whole paper, it is probably because you want to implement it. + +Make a decent demo in a Jupyter notebook, and from there it is time to make some actual alpha. What features do you have stored that can be used. Does it have a neural network on it, because you can sure as shit slap one on it (this is a terrible idea that sometimes works very well, but usually fucks up because it is done by people who have no formal experience with NNs)! + +Either way, it is up to you to add cool new parts to it. Read multiple papers, note what each one did well, and add them up into one strategy. Did one introduce a faster method, maybe another used reinforcement learning, one had new features, lots of new ways. If ever in doubt just find a top 10-20 cryptocurrency exchange and do HFT/MM on it, it usually works. + +&#x200B; + +\----------- Implementation -------------- + +Please don't code it in Python unless it is hourly bars or higher. If you are doing minute data or anything like that you should use Rust/C++ to go fast. But hey don't I have like 1-minute bars why do I care? Well, it is mainly because you are probably sharing this alpha with others and if you put some mild effort into speed then you would probably be faster than 95% of them, and get first dibs on the alpha. This means a lot in live deployment when they chew up the orderbook before you and you get shit fills. Your backtest won't show you that one! + +To be fast use AWS, and host near the exchange. I have a spreadsheet for all the ping tests/ AWS zones on each exchange if anyone needs it. + +&#x200B; + +\----------- Code Management -------------- + +Organize your code, and please make a library for your backtesters. Otherwise, you will waste ages every time you test a new idea/ paper trying to backtest it slowly or even trying to visualize it. Try to have some rigidity and method or you will waste ages. + +&#x200B; + +\----------- Concluding Remarks -------------- + +At the end of all this, you should have some data in parquet form you can use for regular testing and some data that is compressed to death that you store for when you have to pull out your mother's credit card to pay the AWS bill on your HFT backtest. Have a fast backtester, visualization, a strong knowledge of a research topic, implementations, your expansions/ mergers between papers, and a trading engine written in a fast language that can be deployed in the cloud so that you can speed past the rest of the algo kiddies working in Python. + +Finally, once you build a good platform like this you can maximize your return by making a website and selling data/ backtesting/ analytics because let's be honest some 16-25-year-old messing around with algotrading as a hobby won't get rich trading. Want to double your money? Spend it on ads or go buy a lawnmower and get cutting grass. The idea that retail has any chance is a big scam promoted by brokers. If you are serious and see a full-time career in this, hopefully, this helped and you aren't too discouraged :) +As title. If I were to put "X" amount of savings into a broad index ETF like VDHG for retirement, and my Super (HostPlus Balanced Index Fund) offers a similar broad index investment portfolio, does it make sense if I just salary sacrifice that "X" amount and let my Super do the majority of the investing for me? + +Some of the pros including; only getting 15% taxed when withdrawing from Super at retirement age (compare to 30%+ if I invest on my own), less temptation to splurge if I never "see" that money + +Some of the cons including; hard to access that money early if I found other better investment opportunities, the Super's investment portfolio is a bit more conservative, with 17% fixed interested and 8% cash (however, over 10 years they are getting a 8%+ return?? Can someone explain how is it possible to have a return similar to S&P500/ASX 200) +https://www.nasdaq.com/articles/canadian-natural-resources-posts-higher-profit-boosts-dividend-2021-03-04 + +Strong numbers, dividend raised from 42.5 cents to 47.5 + +I wish I had bought this company rather than Suncor during the panic selling in March. I bought Suncor because of the refining and retail operations which I thought would be more rounded. + +CNQ didn't cut their dividend and was floating around 11% yield at one point if I remember correctly. + +Either way this bodes well for the sector as a whole. Demand will be skyrocketing when things open up. +The mods deleted a post that I found pretty interesting about how to invest above $10M. I would be curious to hear how people have changed their investment strategies as they passed $10M. Did you keep doing the same things, just at scale, or did you bring on riskier diversification options, etc? +Check this out https://www.nasdaq.com/market-activity/stocks/gme/latest-real-time-trades then check out the real time trades for literally any other stock. I saw it mentioned in here earlier, but didn’t think it got enough attention. Hedge funds are selling 100 share increments back and forth to each other every millisecond in order to drop the price. Don’t fall for this elementary level manipulation. We may be retarded, but we’re about to be rich retards. + +They are terrified 💎 + +Edit: sources to help explain how this works https://www.google.com/amp/s/seekingalpha.com/amp/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack (from 2014, wanted to find an article that didn’t originate solely due to current situations) + +https://en.m.wikipedia.org/wiki/Naked_short_selling#Claimed_effects_of_naked_shorting (talks about counterfeit shares referenced in first article) + +Also, I’m not claiming to be a scientist just posting what I believe. +Let's admit it. We don't have a clue how, when and why the price of BTC reacts the way it does. We scream manipulation only when the outcome doesn't favor us. Uptrend manipulation is still manipulation! + +There are big and unknown figures at play here. We're just pawns in the grand scheme of things. There's no denying that. The only thing we, small retail investors, can hope for is to ride the waves and hope we can reach the destination. + +The technology is solid. I cannot imagine the future without BTC being implemented in our lives one way or another. That fundamental is the reason why I can remain sane during these insane market movements. + +Just don't make decisions based on your emotions. That's what "they" are hoping to cash in on. +You've all made your position on robinhood IPO painfully obvious. + +So, what should Mr hedgefund do? He's going to pump the crap out of the stock after all of you short it. + +Would you let yourself become the exact thing we are fighting against? + +APES ARE STRONG. ALL WE NEED IS TO BUY, HODL, VOTE. + +Stay classy. + +Edit: Thank you guys for reaffirming the faith we all have in each other. Apes are retards, but apes are SMART! Also thank you for the awards and upvotes! I know this post was pretty low effort, but the message is still very important!! 🚀 🚀 +Saw this chart a few days ago and it blew my mind. Leaving a sound money system for the garbage credit based system we have now, created a whole lot of economic division. There is no recovering from this without significant pain. Buy and hold sound assets my friends +Hey, i would like to learn investing. What books should i read ? What are the best ways to learn ? Do you think that with effort it's posible to beat the market? +On my FIRE spreadsheet I've historically been comfortable forecasting around 7% returns and 2% inflation for the next decade or two. However this year inflation appears to be 3-4% or higher. I'm worried this will turn out to be a huge threat to my FIRE ambitions. I wish I had some real estate to combat this, but all I have is my personal residence. (100% equities otherwise) + +I know the Biden administration insists this is only a temporary situation but with the amount of COVID money pumped in to the economy along with anticipated additional massive spending, it seems like this inflation run has a long way yet to go. + +What is your inflation forecast for the next few years? How concerned are you? +I am currently sitting in the house I rent looking at a small leak in my roof most likely caused by poorly sealed ducting in the roof. I like to think myself a responsible tenant and so have immediately reported it to the property manager however as someone who has rented properties for many years I know that it's unlikely this issue will get much attention. I can keep living here without much inconvenience, except for the odd drip, and don't have the time to kick up a stink about it. Even if I did, I would worry about possible ramifications for being a "bothersome tenant" such as rent increases. If this were my own house I would probably get up in the roof and check it. There's even a voice in my head saying "take the initiative and see if you can solve this problem". But there's another voice saying "Fuck that. I pay rent and benefit not one iota from the appreciation of this asset. It should be fixed by the owner". +So here's what I am thinking - if investors were forced (by law) to attend to any fault or even a minor inconvenience, such as I described above, within a set time might or risk a penalty, would this be a good way to reduce some of the attraction for investors whilst also benefiting a significant, and growing, part of the community? Would more security against punitive rent increases or unnecessary evictions to get rent increases discourage profit squeezing landlords? Could improving tenancy rights be a regulating force for the overheating properly market? +The Bank of England have, with a straight face, come out and claimed that Bitcoin could trigger financial meltdown. + +[https://www.theguardian.com/technology/2021/oct/13/bitcoin-could-trigger-financial-meltdown-warns-bank-of-england-deputy](https://www.theguardian.com/technology/2021/oct/13/bitcoin-could-trigger-financial-meltdown-warns-bank-of-england-deputy) + +I live in the UK, and we are in the middle of some rather serious economic problems. + +We have runaway inflation, we have a housing bubble that the government keeps pouring fuel on. We have rock bottom interest rates that the Bank of England are too scared to increase due to the housing bubble. We have energy prices going through the roof, a potential trade war with the EU due to the idiocy of Brexit, and wages that have been broadly stagnant for a decade. We also have a government that has implemented the highest peace-time taxes the Country has ever seen and a social care crisis due to our ageing population. Throw in our endless printing of money and the sums that have been spent on dodgy covid contracts, we are not in a good place. + +And despite all this, they have the audacity to claim crypto is the real threat?!! We can't even seemingly stock our shops properly at the moment and we've just had a petrol (gas) shortage! Crypto is not the issue facing the UK! + +Honestly, the desperation of the central banks is at this point clear for all to see. We have immediate and serious economic problems that need to be urgently addressed, but they would rather create bogeymen. + +I nearly spat my tea out! +Basically everyone even the experts like Buffett are saying the market is overvalued. I just don’t know whether to remove my investments and wait for a crash then buy everything at a low price or keep investing in stocks because everything seems to be going up and I don’t want to miss an opportunity if keeps going up for the next few years. What are your thoughts? +Hypothetical numbers here, but say I need $10k by this rule, why not keep $5k for immediate use instead and invest the rest so the money makes some interest instead of sitting there doing nothing? + +In today's technological time, if I need more than $5k, couldn't I just put the balance in a credit card and sell the investment for the added amount needed and zero out the card balance? + +In safer mutual funds, I'd have the money in 3-5 days depending on a weekend or not. So why keep it all in cash? +I see so many comments on here anytime the market drops like "stocks are on sale" or "if you loved stocks last week, then you should love them even more this week," which seem to focus only on the price, without understanding what the price of a stock or the market consists of: future earnings expectations. + +Just because the price of a stock was X last week doesn't mean that price has any relevance to the price this week. And just because a stock rose 100% last year, doesn't mean that the stock is any more or less attractive today based on its past history, at least from a fundamental perspective. + +When you are only factoring in past prices (without analyzing new, forward-looking information) you are engaging in **anchoring,** a psychological concept that overweights initial information you are presented with. + +Here is a relatively concise analysis of the current market's outlook from Frank Curzio, who like every analyst, has had his hits and misses, but is usually quite bullish that actually displays analysis based on new information related to earnings. I would link, but this came from an email update. + +\*\*\* + +According to Capital IQ, S&P's research division, companies in the S&P 500 are expected to generate a combined $181 in earnings per share (EPS) in 2020. That's 14% higher than the $159 in combined EPS the S&P 500 generated in 2019.  + +Now that the coronavirus has spread... there's no way earnings are growing 14% this year. In fact, Goldman Sachs—which once called the virus a ”short-term problem"—just published a report saying earnings will not grow in 2020.  + +I think this is conservative, given the number of companies that have lowered earnings over the past two weeks (including Apple and Microsoft, two of the biggest names in the S&P 500). But it's important that investors understand these numbers.  + +If we see no earnings growth in 2020... that means 2020 earnings will come in at $159 a share, at most. But if we divide the current price of the S&P 500 (about $3,050) by the $159 in combined earnings... we can see that **the S&P 500 is** **already** **trading at 19x forward earnings.** + +In other words, even though the market pulled back more than 10%... the S&P 500 is still trading like there's no coronavirus. (Remember, earnings are falling alongside the markets... that's why the market is still expensive despite its 10% correction).  + +At 19x forward earnings, the markets are still pricing in significant growth. Yet, earnings probably won't grow at all in 2020...  + +What does this mean? + +**There's likely another 20% downside from here.** + +With no actual growth forecast for 2020, the market should be trading closer to 15x—the 10-year average... and more than 20% lower than current levels. + +Of course, this downside could be limited if we find a vaccine for the coronavirus in the short term... or if we see massive government intervention to help backstop the markets. (Things like lowering interest rates, preventing short selling, or injecting cash directly into the markets.) + +\*\*\* + +So anytime someone says stocks are on sale, or cheap, or a good time to buy, you should ask them, "what are you basing that information on?" The fact that the price is cheaper than it was last week/month/year means nothing without understanding the earnings picture. +Pokemon GO was launched in the U.S. last week and shot to the No. 1 free app in the iTunes store. It was also launched in Australia and New Zealand, and is expected to be rolled out in Japan soon. +Apologies if this is the wrong sub I’m not thinking straight + +A couple nights ago my roommate threw a small party, on a Tuesday night?? I don’t socialize much so I thought it could be fun. I hung out for a few hours and honestly had quite a bit to drink. I guess I had enough alcohol in me to “blackout” for two days but it’s still kind of a blur. + +Here’s what I know now, I woke with the worlds worst headache. I did not know how long I had been asleep but I knew I needed some water. When I stood up I felt it, I thought maybe I started my period early but no. Since then I’ve had some moments come back in little pieces, just enough to understand what had happened (not super duper into lots of detail rn) My roommate left me a text, she’s visiting family for a while but mentioned that there were some men at the party who were not invited, apparently “no one knew them.” + +This sounds so fucking dumb but I can’t get it out of my head. And I can’t even put all the pieces together! + +The reason I’m making this post is because I and don’t have health insurance. I also don’t get paid until next week. So I’m looking for some sort of alternative. I’m terribly worried about STDS but also PREGNANCY. I’m pretty sure this week is ovulation week if not it’s on its way (according to my brain calendar) all of this is bad. + +I’ve heard of drinking teas or mixing herbs, but I’ve also heard of the ol trip down the stairs scenario. What I’m really wondering is if any of that shit works? What do I even do? I don’t even understand this why the fuck were those people here and why won’t anyone return my calls. + +Sorry this turned into a rant I’m so confused and tired. What kind of home remedies can I make with $10? Please only the ones that work, I would very much like to stay living + +EDIT: Hi again! You guys are seriously the best I appreciate all the suggestions. I have a feeling I might be in shock? I’m not sure I guess talking about it has helped me get back to reality for a second. Anyways I have good news, I’ve secured a ride into town. It won’t be for a couple of days but it’s better than nothing! Appreciate all the suggestions (: + +Hello again, I plan on finding them. My main focus is Plan B, Planned Parenthood, ER, Cops, Costco, that’s not in order. If I manage to get Plan B will it work okay if I take it on Saturday? I found a ride but I have to wait until then. Also side note: I haven’t gone to the ER yet because I live in Texas and am just slightly worried you know? 😬 Also that little ride I have setup on Saturday, yeah that’ll probably be out of state. I am however actively making calls and planning + +What the fuck man? Fucking weirdos tryna do a knock off wedding crashers gone wild on me in my own home. I could’ve been chillen today, I bet they’re chillen, you know? Just bein chill and unbothered with their stupid little piss bitch dicks. + +I did not talk like that on the phone with planned parenthood. +TL;DR The cellar boxing business model is remarkably similar to that of Enron, a company which famously imploded from a fortune 500 company to nothing in late 2001. Both of them are/were claiming questionable profits up front and hiding liabilities indefinitely. And there are substantive connections to back up the abstract ones. + +I'd like to begin by saying that if you haven't yet read the [Institutional Investor article on Ken Griffin from 2001](https://amalakho.hosted.uark.edu/teaching/finn5333/links/II_CitadelGroup_Sep_2001.pdf) that popped up last week, you definitely should. I also highly recommend the documentary *Enron: The Smartest Guys In The Room*, which is based on the book *The Smartest Guys In The Room*, a lot of the information about Enron in here is discussed in there as well. But from the article, the thing that most stuck out to me was a segment on the very last page, that +>"In 1999, after the firm [Citadel] finished up 45 percent, rumors began circulating that the hedge fund was mismarking its positions to generate these kinds of outsize returns. Intent on ending the speculation, Citadel, which has been audited by Arthur Andersen for the past ten years, commissioned an additional independent audit of all its thousands of positions by a different auditor." + +Arthur Andersen was the consulting firm that was the primary "auditor" for Enron. Enron started their accounting shenanigans in earnest in 1992, so that means that for nearly 10 years, while Arthur Andersen was complicit in fraud at Enron (with their ineffectual "auditing," shredding of documents, playing ball with insane conflicts of interest, etc), they were also the primary auditors for Citadel. And Citadel was setting off alarms within the industry for their "too good to be true" books. Hoo boy. + +I'd also like to point out that the article in question is in the September 2001 issue, a few months before the Enron scandal went public, which means the association with Arthur Andersen wasn't yet an unsavory secret to be hidden at the time of publication. Shockingly, Citadel's "independent audit" by a different auditor also found no wrongdoing. + +So, given what I got from that beefy, 21-year-old paragraph, I just had to look deeper. And I found more. But first, some background about Enron and how exactly they cooked their books. + +One of the main strategies Enron used to hide their liabilities was establishing shell companies and pushing the liabilities onto them. I don't think I need to tell you that there has been significant speculation on this exact topic regarding GME for over a year now, but it is certainly not a new concept and has been done before. + +Enron's cardinal sin, though, was their rampant abuse of mark-to-market accounting, whereby they reported theoretical future profits from deals as if they actually had them now, even though a significant fraction of those deals ended up losing money for Enron in reality. This allowed them to essentially claim as much profit as they wanted from any given deal. + +Sound familiar? + +Let's say we're Citadel and we enter into a transaction like, oh, I don't know, short selling. We short sell a bunch of stock, then use the proceeds to buy other assets, which we claim on our balance sheet. We then go through the various mechanisms this sub has uncovered to get our short position hidden and off our books, including the good old fashioned "dump it on subsidiaries" strategy they probably got from Andersen in the 90s. Hey look at that, we can print a bunch of money on our balance sheet and hide the fact that we're actually underwater. This is Enron. + +Let me introduce you to [Barry Wallach](https://www.linkedin.com/in/bwallach). Barry had a 31 year career as a managing partner at Arthur Andersen, which he left 6ish months before the Enron scandal went public, with internal company politics as the stated reason. Immediately afterward, he was hired as the COO of citadel, where he was responsible for tax and financial reporting. He was with them from July 2001 to Jan 2002. I have attempted to find information about his departure, but have come up with none. It very well may have been as a result of scrutiny brought on by the accelerating Enron scandal. I also find it quite telling that as of 2016, he's [being introduced as the former COO of Citadel](https://www.linkedin.com/pulse/former-citadel-coo-joins-diamond-wealth-strategies-ron-diamond) despite the fact that his time there was a 6 month appendix to his 31 year career at Arthur Andersen. Unfortunately for him, the Citadel association will soon also be too publicly toxic to advertise. + +Enron was the #1 donor to George W. Bush's first campaign. [Ken griffin is now the #1 Republican donor.](https://www.politico.com/news/2022/02/03/ken-griffin-donor-midterm-cash-00005052) When you're using infinite money cheat codes, it makes sense to also pay as many bribes as possible. Like with Citadel now, regulatory agencies with jurisdiction over Enron, FERC et al, refused to take action, *totally unrelated* to the top-tier bribes they both paid. + +Jeff Skilling, CEO of Enron and he who brought in mark-to-market accounting, thought that the only thing that motivates people is money, and encouraged a corporate culture of extreme competition and an "ends justify the means" attitude. This sounds very much like Ken Griffin. + +"Enron should not be viewed as an aberration, something that can't happen anywhere else, because it's all about the rationalization that you're not doing anything wrong. We've involved Arthur Andersen, we've involved the lawyers, the bankers know what we're doing, there's a sense of diffusion of responsibility. Everyone was on the bandwagon, and it can happen again." -Sherron Watkins, Ex-VP of Enron + +Tick Tock... + [https://business.financialpost.com/transportation/rail/bombardier-sees-lower-full-year-results-on-challenging-rail-projects-2](https://business.financialpost.com/transportation/rail/bombardier-sees-lower-full-year-results-on-challenging-rail-projects-2) + +Bombardier slashes earnings forecast; reassessing Airbus partnership 2019 earnings now expected to be $400 million, down from between $700 million and $800 million + +is it a buy? +Proud to be a norwegian today! Kjell Inge Røkke announces a $59 million investment in Bitcoin and the Norwegian government already indirectly owns 2000 bitcoin. + +Article in Norwegian: + +[https://e24.no/boers-og-finans/i/aP3qQO/kjell-inge-roekkes-aker-satser-paa-bitcoin-investeringer-lanserer-nytt-selskap-med-kapital-paa-en-halv-milliard-kroner?referer=https%3A%2F%2Fwww.vg.no](https://e24.no/boers-og-finans/i/aP3qQO/kjell-inge-roekkes-aker-satser-paa-bitcoin-investeringer-lanserer-nytt-selskap-med-kapital-paa-en-halv-milliard-kroner?referer=https%3A%2F%2Fwww.vg.no) +06/13/2019 I looked at my mobile banking app from BofA and there was a "return item charge back" for the amount of $2455.09 and a fee of $12 made on 06/10/2019. I called customer support right away and the representative told me that it was a fake check that was cashed at a branch in Los Angeles, whom ever did this also had my PIN. Got transferred to the fraud claim department and replace my current card and froze my account. About a week goes by and I call to get an update. They briefly told me that it is still being worked on and it can take 60 business days. I understand these things take time. Okay time to set my calendar to 09/09/2019. + +06/14/2019 a letter comes in the mail to notify me of this returned item charge back. There is a picture of the check at the bottom and I noticed that my name was not even spelled correctly. So it's safe to say they didn't even check ID before handing money over. + +06/27/2019 made a complaint to BBB in hopes to speed up the process. Got a couple calls from BofA but was not able to converse about it, I tell them to give it to me in writing. At this point about 80 days have passed and no word from them. + +08/16/2019 made a complaint to CFPB explaining this situation. Again to speed it up. + +08/28/2019 got an email from CFPB that the company is still working on it. + +08/29/2019 got a response from BofA and they are NOT honoring this claim because the signature matches with their samples. This troubles me because from the time I opened this account (~2015) I have never cashed a check or written personal checks. I don't withdraw that much cash. Ever. + +I know this is somewhat of a cop out to just keep complaining on the internet. But I cant really make calls at work and when it's time to clock out I can no longer speak to a human on the phone. + +What's your advice? What more can I do? Tia + + + +Update 1: Thanks for reading. I appreciate all the input. Already wrote to helpwithmybank waiting to hear back from them. My card was definitely skimmed. Look at the image of the fake check again and the signatures don't match whatsoever. As some of you asked. Yes, I do live near LA but rarely go there. No, I don't use personal checks. Don't even own a check book. Calling them out on social media looks promising. Not letting this go. I'll keep you all informed. +**(TL;DR at the end of the Post)** + + +**Introduction** + + +Hey guys, +as some of you might remember, yesterday i posted about some anti DRS shill posting nonsense and trying to back it up with some nonsense, non-related filings trying to somehow bash DRS in general and Computershare in special. + +**However**: I think this dude dont know that he somehow handed me the link to a filing which is more than interesting and i would like to share some findings within the filing or to be more precise, within the comment that Computershare made to it back in 2008. + +I’ve downloaded the document from the official SEC page and re-uploaded the pdf with some marked passages which i will talk about in a sec. + +**Original SEC-Link for reference:** + +[https://www.sec.gov/comments/sr-dtc-2006-16/dtc200616-39.pdf](https://www.sec.gov/comments/sr-dtc-2006-16/dtc200616-39.pdf) + +**Link to marked document by me:** [https://drive.google.com/file/d/1capSu2X8wOnlikVRXNrhbwfUx0NcrX-6/view?usp=share\_link](https://drive.google.com/file/d/1capSu2X8wOnlikVRXNrhbwfUx0NcrX-6/view?usp=share_link) + +Computershare imho did a very good job in pointing out their main objections against this proposed rule-change by DTC and made it easy understandable, also for people who have a decent understanding of the discussed matter but are not highly trained experts. + +So lets start. I will write about the single parts i marked, ordered by the page number in order to make it more easy to follow through. You can either read it in the pdf i've prepared for you to download or just look at the pages I've included as screenhots for better readability. +The most spicy parts start with page 5 - but i still recommend to read the whole thing. Its not that much. + +At the end, i will bring up some thoughts about this i came up with by myself and invite you to share your thoughts. + +**Lets get reading** + + +**Page 1 - The Warmup** + +Right on the first page, Computershare reinterates that the DTC did not adress any of the objections Computershare has made in an earlier version of the proposal. This might be just because of stupodity, + +for what i’ve learned about the DTC and DTCC, this just seems to be some sort of entitled ignorance from my point of view. Computershare then continues to tell the SEC that they are dissapointed about the SEC not being able (or willing) + +to tell the DTC to fuck off since they are not an authoritive entity to transferagents since the only authoritive entitiy is the SEC (called the commission within the letter) and not the DTC or DTCC. + +&#x200B; + +[Page 1 - The Warmup ](https://preview.redd.it/6i5iq413ybz91.png?width=910&format=png&auto=webp&s=2e79cb4fdebaa659a2ff1fce164f01910b16fb9b) + +&#x200B; + +**Page 3 - Getting started** + +Computershare starts by adressing the issue that transfer agents are not a custodian to the DTC - even though the DTC seems to have this understanding. In fact, the DTC actually is just another direct registered shareholder on the records of computershare or any other transfer agent. + + +[Page 3 - Getting started](https://preview.redd.it/qljb1ng8ybz91.png?width=815&format=png&auto=webp&s=af052084b66f5498425a8e475471fe5bda1142ef) + +**Page 4 - More clearing up things** + +Computershare continues to state their relation and the relation of transfer agents in general to other entities and the DTC in special, including facts just like that they do not actually hold securities but only the records about these and that a direct registered holder does hold his/her securities with the issuing company itself. They also continue to once again point out, that the DTC does not have ANY authoritiy over Computershare or any other transfer agent and that it is a bit odd that the DTC + +is just trying to act as an authoritive entity while the SEC is currently (back then) working on a new set of rules for transfe agents. + + +[Page 4 - More clearing up things](https://preview.redd.it/utvpy27cybz91.png?width=906&format=png&auto=webp&s=77409a6645afa9bad0e54c6cce8d0f502147d078) + +**Page 5 - This is where the fun starts and stuff gets interesting** + +Computershare describes how the DTC is trying to require transfer agents to make notifications about any deficiencies which are documented by the SEC within 5 business days. But not only that. The proposed rule change + +would give the DTC access and insights to all books, facilities and records of Computershare or any transfer agent. This is a big no-no. Computershare continues to describe how this privlige is rarely - if ever granted to any of their + +customers and since the DTC isnt even a customer to them, there is absolutely no reason for them to have any access to their books. According to computershare, the DTC also isnt entitled to this data in any legal way and has failed to + +point out any reason why they should gain access to this data or even worse - take action on the data that they receive on this way. + + +[Page 5 - This is where the fun starts and stuff gets interesting ](https://preview.redd.it/28yeb5mfybz91.png?width=691&format=png&auto=webp&s=8262eb6170d264fbed8fc9e8b1d88f7b532630c3) + +**Page 6 - the most spicy and critical part imho** + +In this part, Computershare explains how they would be required to inform not only shareholders but the DTC as well about any DRS-Withdrawal-by-Transfer requests (meaning, anyone wanting to withdraw shares (the way its formulated i guess + +they are talking about withdrawing shares TO the agent - but this is a bit vague and im not 100% sure about this one). + +They also talk about their position being that the DTC does not have any authority so they are simply not entitled to be informed about anyone making DRS-transfers and even if they were, Computershare does not want to have all of this effort without any sort of compensation from the DTC. + +Now the (imho) most spicy part of them all. + +Computershare describes how the proposed rule change would relief the DTC from nearly all book-keeping errors that may occur and would only the transfer agents to be the one to take the L and give recovery to shareholders that suffer a loss. + +Or in other words: the DTC wants the transfer agent(s) to come up for any error they make on their books that may lead to losses for shareholders - and by that - they mean any „errors“ or „mistaktes“ that are made not only by registered shareholders but also broker-dealers. Since the DTC is nothing else than a registered holder to a transfer agent (as they took their time to point out earlier) this would relief them from any mistakes they make. + + +[Page 6 - the most spicy and critical part imho](https://preview.redd.it/a4t8tkwjybz91.png?width=675&format=png&auto=webp&s=506f865425bec8031087192cc36163e8ca55f6c8) + +**Rest of the document** + +The rest of the document imho is not that interesting since there are some objections by Computershare about how they dont like that DTC would want transfer agents to scale up and upgrade their systems due to DTC wanting this + +so the communication between both ends are more easily and that DTC would not give compensation for the transfer agent if they adjusted their systems to their demands. + +**Conclusion:** + +From what i understand - this may be a big one. We know that naked shorting and other shenanigans have played a big role in the past already (Lehmann, Overstock, CMKM, Madoff and other Incidents come to mind). Now most of these incidents and cases of fraud were possible because of manipulation that would have been able to decipher with access to any books and records by authorities. Madoff himself stated that the SEC should have found about his doings earlier if they investigated DTC(C)s books. + +**However**: Since DTCC and DTC as their custodian often seem to be involved but dont know what exactly is on the books of transfer agents, this somehow reads to me as they would REALLY REALLY like to know what in these records so they maybe can adjust their own to somehow, in a very warped way, fit with these records. I just cant help but think about anything else. For example they know what kenny has on his books (at least a bit of it) and can quite easy tell that this does not seem to be right - but they dont know what exactly computershare has on their books and HOW BAD kennys books dont fit to all of this. They know they are fucked - but not exactly how hard. + +But the even bigger part for me is that they wanted transfer agents to be liable for their own errors - some sort of weird „out of jail card“ if authorities check books of a transfer agents and DTCs books and see its not fitting at all. DTC made the „mistake“? \*cough cough\* - yeah time for the transfer agents to come up for it i guess. + +Since this is 14 years old and i only gave it a rough look YET, i may appreciate any help from other wrinkly apes since i could not come up with any data, if these objections helped or if the DTC in the end got their wanted access to transfer agents books. + +&#x200B; + +**TL;DR:** The DTC tried to gain access over any transfer agents books and records and make them liable for any of their mistakes and errors and computershare objected to the SEC and tried to fight it off. +Hey everybody I live in central California, just graduated high school, turned 18 about 3 days ago. I was kicked out of my house the moment I turned 18. My parents gave me 1 hour to pack and shut the door on me with no car, documents, and only $200 in checks. So a little backstory about my family, They grew up in Vietnam during the war and migrated to the U.S and had very difficult lives. When I was born they raised me to become independent. Meaning I cooked, cleaned, took myself to school, and cared for my own self most of the time. However, they emphasized school the most and they would punish me if I slipped, so I made it my priority to keep my grades high and get into a decent college. Well, I got into a really good university 4 hours away, but 3 days ago I was kicked out of my home with no warning whatsoever. They told me to be on my own now that I was 18. I called one of my close friends right away and he told me I could couch surf at his house while I figure something out. I've never had a job, I don't have much money, and have no car. I don't have a bank account so I can't cash my checks. However I do have a drivers license. + +I asked a couple of friends via Instagram if they had jobs they could hook me up with and I supposedly have one lined up on Monday June 8 and I'm in the process of getting my SS and birth certificate from my parents. I also go to college in 7 weeks and I have no idea what I'm doing. Please excuse my ignorance if there's a page of helpful tips I could use I'm in a state of panic and shock at the moment. + +So to sum up I'm looking for a job (in the process of getting one hopefully), creating a bank account, and hopefully using that money to buy a prepaid plan to make calls on my phone since they canceled the existing mobile plan I was on. What should I be doing? Any help would be appreciated. + +EDIT: I have read all of the comments. Thanks for the feedback everyone. I will edit as things get done +How long did it take everyone to see real growth? +I’m doing this as a newbie with triplets as a means to improve our overall income long term. I have triplets and now working as a single income and with only 2500, starting. Tips, advice? I’m hoping to see 10% returns or greater as I learn more in this crazy time for beginning +Hi guys, im new to theta and my first question would be. If the wheel and theta in general cant outperform the BnH strategy then what is the point of theta? Im not trying to be belligerent I legit want to learn about options. Why do this if you can just buy and sleep on it? +Currently holding 65% XGRO 20%TEC (like the higher exposure to technology) and 15% ZEB for Canadian banks (mer of .25 and pays monthly) does this seem like a fairly good mix for someone who has about 10 more years to go to work? +Thanks in advance +I have no idea what to do. I should have a a decent chuck of money in there. I started when I was 17 and just left 2 weeks ago after I got hired from my internship. + +When they asked me for my super details at my new job, I emailed the bookkeeper from my last job, and never heard back. + +I don’t know a lot about money, I just trusted it would be in the account they said they set up for me with Sun Super. I know I should have looked into it at the time, but I was still in highschool and I just trusted that the grown ups would do it all right and I would probably mess it up. I didn’t even know what super was until this year. + +I went back through my payslips and emails and saw sun super mentioned and an amount supposedly paid, but I was never given any account number or anything. + +When I called them they said my account didn’t exist. + +Is there anything I can do about this? Is it likely I was scammed out of my super or do I need to go through my old book keeper? My employer hired an external book keeper for people who work in domestic roles (Nannie’s, chefs, cleaners, etc) + +It’s really sus that she won’t respond to my emails. + +I’ve set up my own fund now, with host plus (I tried to research which was best and I got lost and just picked one). I don’t really have anyone to talk to about money. + +This is my first real corporate job, so hopefully I can make up for whatever I lost. Just wondering if there was any action I could take or if I just chalk it up as a loss and a learning experience. + +I noticed The Vedgies are contstantly trying to divide, downvote good posts, spread misinformation and confusion. They may be already downvoting this post for spreading awareness and will call me shill. +Remember why you are holding, nothing has changed, shorts still have to cover. +The only card they have left now is to play psycho games and tell lies ...this is time when you should listen to your own voice of reason and hold. +Whatever happens, just hold. + +Update: reddit went down today. But GME didn’t. +We are immune. +I salute you all, thank you for all the awards and the upvotes. +Major figures in Bitcoin denouncing BTC energy consumption months before ETH2 switches to PoS is actually just the flippening in action. We’re watching it happen. + +I for one am panic buying. Weak hands to strong hands, friends +I read this comment on the sub: + +> Amortization is just a fancy word for paying down the principal every month through your regular mortgage payments. These days, this is probably the best way to make money from your properties. With interest rates so low, and loan terms so good, I'm seeing between 5% and 15% equity build up per year on my investment through principal pay down. Even if you ignore the other benefits of owning real estate, the amortization itself beats the stock market for me. + +I don't quite understand how the principal mortgage payments could be considered a form of return. The amount of money you have is still the same, just in a different form (property instead of cash). So your wealth or equity hasn't grown in any way? If someone could explain this to a noob like me I would really appreciate it. +https://imgur.com/a/yC4QA + +Hello. I touched briefly in my last thread about my newfound love of travel the past 2-3 years, as I've gotten closer to FIRE. I got messages from folks having a hard time believing the claims I was making, so I want to expand my thoughts on the matter, how to do it on the cheap, and so forth. +https://www.reddit.com/r/financialindependence/comments/7eo4wi/38msingle_crossed_2_million_today/ + +*Disclaimer - I realize my circumstances are not everyone else's, I have a job that lets me do a lot of my work remotely so I can take frequent vacations and a job that has allowed me to bank up years worth of vacation time. And I'm a solo traveler, so what may be cheap for me is definitely not for folks with partners and children to take along. And I realize many of you simply don't care to travel and have not factored it into FIRE, that's cool, too. And I live next to a major airport, DFW. If you're in a smaller city and need regional jet connection, costs will definitely be higher.* + +For me, I've always wanted to travel because I never got to growing up, my parents did their best working blue collar immigrant jobs and didn't have the time or money to do so. I rarely considered it as I was working in my 20s and early 30s and saving up for FI because of how expensive airfare, hotel and car rental could be. For example, a week-long trip to London from DFW would have cost me ~$3,000 a few years ago ($1,300 airfare, $120/night hotel, $100 Oyster card to use mass transit, $700 spending money). A weekend trip to NYC from DFW a few years ago would have cost me ~$1,000 ($250 airfare, $150/night hotel, $50 cabs/subway, $250 spending money). I could not justify those high costs to myself, so I just had local vacations for years. Day trips to destinations I could reach by car. + +Since around 2013, however, there have been four major changes in the travel industry that have together driven down costs considerably to make it attractive for me. + +* First, oil prices have fallen off of a cliff. What used to sell for $100 a barrel a decade ago has remained closer to $50 a barrel lately. Fuel is by far the highest fixed cost airlines have, more so than labor. The sustained lower fuel prices have allowed them more room to cut fares, and they have. That $1,300 airfare to London I talked about? I waited on a sale this past winter and booked round trip tickets from DFW to London Heathrow connecting through Boston Logan for a little over $600 bucks on British Airways. That $250 round trip ticket to New York Laguardia? I waited on a sale and paid $110 for my trip this month on American. + +* Second, airlines have even further room to cut fares thanks to the new generation of fuel efficient, high capacity planes that run on ~20 percent less fuel. The newest long-haul, wide-body planes they use on international flights like the Boeing 787 and Airbus A350 are made with substantially lighter carbon fibre polymers instead of aluminum and use the latest, most fuel efficient engines. And they are cramming in more people, more rows, more seats, further driving down the cost per passenger. The smaller narrow-body planes used on domestic flights are cheaper to fly too, such as the brand new Boeing 737 MAX and the Airbus A320neo, with fuel efficiency improvement of ~15 percent. All of that adds up. + +* Third, the very recent rise of long-haul, international budget airlines has forced legacy carriers to further cut their fares. I'm sure you know about domestic budget, no-frills airlines, like Spirit or Frontier. Where the ticket is cheaper and the seat is unbearably small, but you get charged fees for everything from your soda to your carry on. The new fuel efficient planes and low fuel prices have allowed carriers like Norwegian, WOW and LEVEL to be profitable selling absurdly cheap international flights to Europe. For example, if you check Google Flights right now, WOW is currently offering round trip tickets from Boston Logan to London Gatwick connecting through its hub in Iceland for $350 in February. Norwegian is offering the same round trip tickets from Logan to Gatwick for a little over $300. That is insanely cheap to me. However, I'm six foot six tall, so cramming into a budget airline seat is a non-starter for me. Luckily, the success of these long-haul budget airliners has forced legacy carriers to cut fares, too, hence my cheap London tickets on BA. + +* Fourth, and probably most importantly, the rise of Airbnb has substantially driven down the cost of lodging. For example, mediocre hotel rooms within Manhattan or Queens in NYC typically cost $100-$150 a night, even more in hot spots. During my trip this month, I stayed in a furnished room in Queens for $50 a night for two weeks. The room was in a three story home owned by a nice accountant named Mike. He uses the first floor as his office where he entertains clients. He converted the second and third floors last year into five private rooms he rents out on Airbnb. The bed was clean and comfortable, wifi was fast, it was quiet and I have a private entry in the back with a lock for my room. Mike was there during business hours and I will definitely stay with him again. Austin is another town with universally expensive hotel rooms, I would have to spend about $100 to $150 a night for a mediocre room there, too. Instead, I booked in July two nights for $45 each in a new, furnished tiny house built on a trailer bed by college students. It was listed by a homeless outreach non-profit on the edge of town that constructs tiny homes and RVs for homeless folks who work on the property. It was a great experience, I wasn't worried about my safety because it was on a communal farm with security and the room was outstanding. + +So, how do I find such deals? Regarding lodging, it's simple. I compare local hotel prices on Expedia or Trivago with prices on Airbnb. The vast majority of the time, the Airbnb private room rates are 30 to 70 percent cheaper. Regarding sales on airfare, I follow travel deal websites like www.thepointsguy.com, www.theflightdeal.com and loyaltytraveler.boardingarea.com, who have daily updates on the latest travel deals from large airports all over the US. + +As a rule, I will not take a vacation somewhere if I cannot limit my total spending to under $100 per day. So during my three-day trip to Chicago in September, I made sure I would not spend over $300 for my flight, room, rail/bus pass and spending money before I booked the trip. For places where it's impossible to keep costs below $100 a day, like Los Angeles, I try to go with someone else. I'm taking my elderly mother to Los Angeles next week so it averages out to less than $100 per person per day, so I can justify the cost to myself. +Does anyone know what this means? I only applied for 2 other credit cards in the last 30 days. This is making me think someone might have stolen my identity. This sounds like a ridiculous amount. + +EDIT: +Credt Karma says I only have 4 hard inquiries and a credit score of: +689: Transunion 727: Equifax +Doesn't look like anything out of the ordinary - no idea why the bank would say this. + +RESOLVED (Apparently the idiots did a check on my address without the unit number and that was the total number of "hits" in my entire apartment complex. Granted this still seems odd but that's the explanation they gave) +Dream Impact Trust ([MPCT-UN.TO](http://mpct-un.to/)) is a recently transitioned REIT formerly known as "Dream Hard Asset Alternatives Trust", and changed its name in October 2020. The focus on Dream Impact is to develop and redevelop properties to be 100% impact related investments by 2024. A first in Canadian history. When first looking at the financials, you miss what is really happening at Dream Impact at this early stage, which I intend to help jumpstart the due diligence to show the opportunity before us today as recurring income finally comes online in a big way. + +\------------- + +**Net Asset Value** + +Dream revises their NAV at the end of each Calendar year. December 31st 2020, the NAV was calculated at $8.99/unit. Due to the strong development nature of Dream Impact Trust, and projects not yet completed, this is the best true valuation of Dream Impact at the end of 2020, which will still give room for NAV growth when developments are completed and stabilized. + +&#x200B; + +Dream Impact anticipates 2025 NAV to total approximately 900M, VS the 580M today as projects come online. That would put NAV per unit (assuming the same unit count) at about $13.70 per unit in 2025. This includes distributions, vs today's unit price of $6.40.TD Oct 21st 2021 updated REIT report shows them estimating NAV at $9.40 today. This is possible, as Dream Impact only updates their estimated NAV on December 31st. + +[https://www.tdsresearch.com/equities/openEmailedReportPdf.action?emailKey=9688dcfd-b34e-4ce4-94fa-22e05661e194](https://www.tdsresearch.com/equities/openEmailedReportPdf.action?emailKey=9688dcfd-b34e-4ce4-94fa-22e05661e194) + +\------------- + +**Income Stream & Asset Composition Change** + +I have previously glanced at MPCT a few times while doing my research through 2020 and early 2021. It was not appealing to me due to the low current income, and 12+ months wait until developments become completed. I figured unit price may stay low until these assets start coming online, and there may be an opportunity ahead. Here it is. As we pass through Q3 2021, Dream Impact has multiple projects coming online in Q3 and beyond that will provide a strong income stream, and create catalysts for further upside in the unit price. + +As of Q2, MPCT holds a \~1.1M Square Feet income portfolio, mainly consisting of commercial space. This is rapidly changing through the below developments, as well as a recently acquired 841 unit apartment complex in early October, a 71 unit apartment complex in Toronto, and under contract to purchase a 228 unit complex in Toronto. All high quality buildings which MPCT sees rent growth, and ability to add value to the buildings and continue the IMPACT theme through improvements. By 2024, Dream plans on holding only 100% IMPACT assets, and we are seeing a strong focus on Residential. + +\------------- + +**Developments** + +The magnitude of the master planned communities Dream Impact is creating is where you begin to realize the true potential of the trust. Dream Impact is still a small REIT, with a low market cap, but unlike other small REITs, they have a stake in some of the best master planned communities under development in Canada, focused in Toronto and Ottawa . The beauty of this is that the remaining ownership is held by larger partners, Dream Unlimited, Kilmer, Tricon, and others. This gives essentially guaranteed project completions with limited risk through great experience partners. These projects Dream Impact would not be able to do on their own at their current size. For a full detail of land holdings and projects in the pipeline, I highly suggest reading their most recent Q2 financials, and investor presentation, then research the development projects and their locations online. + +&#x200B; + +Each major project is large enough to give an overview. 70% of all development holdings are already zoned, with only 30% still in the rezoning process. This further reduces risk, as rezoning can be risky, expensive, and difficult. Here are some, but nowhere near all, of the projects. Note the large residential focus going forward. + +\------------- + +**West Don Lands:** + +West Don Lands consists of multiple blocks. Dream Impact has interest in block 3,4,7,8,10, and 20 for a total of over 2,000 residential units, and \~325,000 SF in Commercial space. Two blocks are well in construction as listed below.More can be read about the West Don Lands Neighborhood here: + +[https://www.waterfrontoronto.ca/nbe/portal/waterfront/Home/waterfronthome/precincts/west-don-lands](https://www.waterfrontoronto.ca/nbe/portal/waterfront/Home/waterfronthome/precincts/west-don-lands) + +&#x200B; + +**West Don Lands, Block 8** + +Ownership of 25%. 623,000 SF of Residential, 4,000 SF of Commercial. **Occupancy Begins in 2023.** 770 Residential Rental Units + +This development is being built to be held as an income property + +[https://urbantoronto.ca/news/2021/09/brick-cladding-has-begun-block-8-west-don-lands](https://urbantoronto.ca/news/2021/09/brick-cladding-has-begun-block-8-west-don-lands) + +&#x200B; + +&#x200B; + +**West Don Lands, Block 10 - Canary Indigenous Hub** + +Ownership of 25%319,000 SF of Residential, 26,000 SF of Commercial. **Occupancy Begins in 2024.** 206 Condos, plus 238 rental units. The condos are being built to sell, while the rentals are being held for income. Downtown Toronto, in the Canary District, in the heart of the city. + +[https://urbantoronto.ca/news/2021/06/first-purpose-built-indigenous-hub-breaks-ground-west-don-lands](https://urbantoronto.ca/news/2021/06/first-purpose-built-indigenous-hub-breaks-ground-west-don-lands) + +&#x200B; + +\------------- + +&#x200B; + +**Zibi** + +Zibi is a 34 acre master planned waterfront community on Ottawa River. This will be the first one planet community in Canada. Consisting of both commercial and residential, and this is a development focused on NET-ZERO Carbon footprint. Any major corporation which is looking to reduce their carbon footprint will want to occupy Zibi's properties. This will reduce business' carbon footprint, which is a goal for many large corporations, and those corporation's options are limited when it comes to net zero carbon buildings. + +[https://canada.constructconnect.com/dcn/news/projects/2021/10/zibis-aalto-rental-building-to-open-in-december](https://canada.constructconnect.com/dcn/news/projects/2021/10/zibis-aalto-rental-building-to-open-in-december) + +[https://zibi.ca/](https://zibi.ca/)[https://obj.ca/article/real-estate/zibi-will-be-place-end-2021-lead-developer-says](https://obj.ca/article/real-estate/zibi-will-be-place-end-2021-lead-developer-says)[https://renx.ca/dream-acquire-100-huge-ottawa-zibi-development/](https://renx.ca/dream-acquire-100-huge-ottawa-zibi-development/) + +Ownership 50%1,750,000 SF of Residential, 2,202,000 SF of Commercial\*\*Occupancy begins this year as noted below.\*\*Estimated at 1,900 Residential Units + +Block 211 is 186,000 SF of Commercial, and is 86% leased, and **occupancy begins in Q4 2021.** + +Block 10 is 135,000 SF of Residential, and 1,000 SF of Commercial, and **occupancy begins in December 2021** + +Block 208 is 33,000 SF of Commercial, and is 79.8% leased, and **occupancy begins in 2022.** + +Block 206 is 196,000 SF of Residential, and 11,000 SF of Commercial, and occupancy begins in **2023** + +Block 207 is 76,000 SF of Commercial, and occupancy begins in **2023** + +Block 11 is 127,000 SF of Residential, and 4,000 SF of Commercial, and occupancy begins in **2023** + +Much more to come after this, which will continue the development pipeline for many years to come. + +&#x200B; + +\------------- + +&#x200B; + +**Brightwater** + +This is a 72 acre master planned community waterfront development in Mississauga. This development was an IMPACT development, which cleaned up 1.4M tones of soil as the area previously was an oil refinery. The clean up process is complete, and building has commenced. + +&#x200B; + +[https://experiencebrightwater.ca/](https://experiencebrightwater.ca/) + +Ownership 23.3%. 3,113,000 SF of Residential, 360,000 SF of Commercial. Occupancy begins in 2023, and will be a long build out process extended into 2032-ish. The first two condo buildings are essentially being sold out as fast as they are being offered. This is a very impressive master planned community. + +&#x200B; + +\------------- + +**Other Notable Developments** + +&#x200B; + +**Ivy Condos Downtown Toronto** + +**75% Ownership.** Under Construction. Build to Sell 256 Units. Complete in 2024 + +[https://www.buzzbuzzhome.com/ca/ivy-condos](https://www.buzzbuzzhome.com/ca/ivy-condos) \- SOLD OUT. + +[https://urbantoronto.ca/database/projects/ivy-condos](https://urbantoronto.ca/database/projects/ivy-condos) + +&#x200B; + +**Scarborough** **Junction** **Master Planned Community** + +45% Ownership. Under Development Planning. 6619 Residential Units, 165,000 SF Commercial + +[https://urbantoronto.ca/news/2021/06/scarborough-junction-master-plan-wins-support-design-review-panel](https://urbantoronto.ca/news/2021/06/scarborough-junction-master-plan-wins-support-design-review-panel) + +&#x200B; + +**Frank Gehry** + +25% Ownership. Planning Stage. High End Condo Development. Built to Sell 1500 Residential Units, and 260,000 SQ Feet Commercial + +[https://dailyhive.com/toronto/frank-gehry-king-street-toronto-skyscrapers](https://dailyhive.com/toronto/frank-gehry-king-street-toronto-skyscrapers) + +&#x200B; + +**49 Ontario St** + +100% Ownership. Planning Stage. + +[https://urbantoronto.ca/news/2019/11/two-tower-mixed-use-complex-proposed-49-ontario-street](https://urbantoronto.ca/news/2019/11/two-tower-mixed-use-complex-proposed-49-ontario-street) + +&#x200B; + +**100 Steeles Avenue West** + +37.5% Ownership. Under redevelopment Planning + +&#x200B; + +**The Virgin Hotel Las Vegas** + +This was a development prior to the change to being an impact trust, and is being planned to be sold in the next 24ish months. This is one of the last pieces to be sold for Dream to be 100% an IMPACT trust. Dream Impact has a 10% ownership in this development, and will be selling their interest. They have a nearly 53M investment into this hotel, which opened in June 2021. + +[https://www.reviewjournal.com/business/casinos-gaming/virgin-hotels-las-vegas-opens-marking-a-return-to-paradise-2314825/](https://www.reviewjournal.com/business/casinos-gaming/virgin-hotels-las-vegas-opens-marking-a-return-to-paradise-2314825/) + +\------------- + +**Distributions** + +Now we know where and when rental and development income is going to start to really come in, we can talk about distributions. + +Management has reassured investors the distributions are safe. Dream Impact has a strong liquidity position, a deal with Dream (Parent Company) to take units instead of cash fees (at full 8.99 NAV), a bunch of new income streams coming online in Q3, Q4, and beyond, as well as strategic asset sales and build to sell developments which will all generate cash flow. + +Additionally, as Dream Impact is heavy in development mode, the distributions are 100% ROC, resulting in tax favorable ROC distributions. Great for those wanting to hold a REIT in a non registered account. + +Current yield is around 6.3%. + +\------------- + +**Buybacks:** + +Buybacks are underway, and management has noted that buybacks in the current price range are a compelling opportunity. The cost of buybacks are low compared to liquidity, and offer a guaranteed NAV increase. I do fully expect Dream Impact to continue their buybacks at these suppressed prices. + +\------------- + +**Why ESG Even Matters** + +&#x200B; + +Governments, households, and corporations want to represent a sustainable future. Public services and large corporations want to occupy buildings that work toward their zero emissions goals. Dream Impact is focused on this, and is building out offices and residential that will be in high demand by organizations wanting to meet their zero emissions goals. + +[https://www.marketwatch.com/story/mentions-of-esg-and-sustainability-are-being-made-on-thousands-of-corporate-earnings-calls-11626712848](https://www.marketwatch.com/story/mentions-of-esg-and-sustainability-are-being-made-on-thousands-of-corporate-earnings-calls-11626712848)[https://renx.ca/greening-of-federal-govt-cre-portfolio-offers-opportunity/](https://renx.ca/greening-of-federal-govt-cre-portfolio-offers-opportunity/) + +&#x200B; + +Dream Impact just received its first Five Star GRESB score. Loans are coming in at substantially lower interest rates, making investments in IMPACT projects surprisingly profitable. + +&#x200B; + +From their Q3 2020 Transcript: + +"Subsequent to the quarter, the Trust received credit approval to close on a 10-year loan, which would otherwise not be available for market rental projects. Although the interest rate on the loan is not obtained until their first draft, based on today's rates, the facility will cost us less than 1%. " + +\------------- + +**Notable Risk:** + +This is a low volume REIT with a small float. Average Daily Volume is \~50,000 units, and public float of around 47M. Investors taking a large position with a low liquidity REIT may find it hard to liquidate. + +\------------- + +**In Conclusion:** + +Dream Impact, near term, is about to materially increase their recurring income through a few recent sizable acquisitions and developments coming online. The development pipeline is robust, of quality and in prime locations, that will sustain projects for over a decade. The high quality assets and development pipeline sets up Dream for long term success, without redevelopment zoning risk (due to most zoning being done), or the need to spend money to acquire more land. Dream Impact has the backing of Dream Unlimited and their partners, and their assets are located in prime Toronto/Ottawa areas. This is a quality REIT, with a fast growing highly desired Residential component, competent management, a strong cash liquidity position, low debt to assets, focused on Green & Impact properties (feel good owning it), and currently, has a 40% unit price upside to current NAV and a 6.3%+ current yield. + +\------------- + +**Price Targets:** + +4 Analysts have begun rating Dream Impact. The current rating is "buy", with an average $8.29 target. + +TD gives Dream Impact an **$8 target and buy rating, and $9.40 NAV estimate** + +**I rate Dream Impact a buy, with an $8.00 target**. This is about 31% upside when factoring in distributions over 12 months. As time goes past, NAV will rise and unit price should follow. Dream Impact is one of the only REITs I can see the possibility of trading above NAV (About $8.99-$9.50) that is currently trading at a substantial discount. This is due to the IMPACT theme, increasing residential focus, the quality of the projects and most importantly, their prime Toronto/Ottawa locations. + +\------------- + +**Disclosure:** + +I have recently opened a starter position in Dream Impact, and will add to my position on any weakness. Always do your own Due Diligence. This is not investment advice. + +\------------- + +**Sources:** + +Dream Impact and Dream Unlimited Press Releases and Financial Reports, Earnings Transcripts, and articles linked above/below. + +\------------- + +**Useful Links:** + +[https://dream.ca/wp-content/uploads/2021/08/MPCT-Investor-Presentation-8.16.2021-FINAL.pd](https://dream.ca/wp-content/uploads/2021/08/MPCT-Investor-Presentation-8.16.2021-FINAL.pdf)[f](https://dream.ca/wp-content/uploads/2021/08/MPCT-Investor-Presentation-8.16.2021-FINAL.pdf) + +[https://dream.ca/wp-content/uploads/2021/08/Dream-Impact-Trust-Q2-2021-Combined-Report.pdf](https://dream.ca/wp-content/uploads/2021/08/Dream-Impact-Trust-Q2-2021-Combined-Report.pdf) + +[https://ca.sports.yahoo.com/news/edited-transcript-mpct-u-earnings-160000131.html](https://ca.sports.yahoo.com/news/edited-transcript-mpct-u-earnings-160000131.html) + +[https://ca.style.yahoo.com/edited-transcript-mpct-u-earnings-153000396.html](https://ca.style.yahoo.com/edited-transcript-mpct-u-earnings-153000396.html) +Dream Impact Trust ([MPCT-UN.TO](http://mpct-un.to/)) is a recently transitioned REIT formerly known as "Dream Hard Asset Alternatives Trust", and changed its name in October 2020. The focus on Dream Impact is to develop and redevelop properties to be 100% impact related investments by 2024. A first in Canadian history. When first looking at the financials, you miss what is really happening at Dream Impact at this early stage, which I intend to help jumpstart the due diligence to show the opportunity before us today as recurring income finally comes online in a big way. + +\------------- + +**Net Asset Value** + +Dream revises their NAV at the end of each Calendar year. December 31st 2020, the NAV was calculated at $8.99/unit. Due to the strong development nature of Dream Impact Trust, and projects not yet completed, this is the best true valuation of Dream Impact at the end of 2020, which will still give room for NAV growth when developments are completed and stabilized. + +&#x200B; + +Dream Impact anticipates 2025 NAV to total approximately 900M, VS the 580M today as projects come online. That would put NAV per unit (assuming the same unit count) at about $13.70 per unit in 2025. This includes distributions, vs today's unit price of $6.40.TD Oct 21st 2021 updated REIT report shows them estimating NAV at $9.40 today. This is possible, as Dream Impact only updates their estimated NAV on December 31st. + +[https://www.tdsresearch.com/equities/openEmailedReportPdf.action?emailKey=9688dcfd-b34e-4ce4-94fa-22e05661e194](https://www.tdsresearch.com/equities/openEmailedReportPdf.action?emailKey=9688dcfd-b34e-4ce4-94fa-22e05661e194) + +\------------- + +**Income Stream & Asset Composition Change** + +I have previously glanced at MPCT a few times while doing my research through 2020 and early 2021. It was not appealing to me due to the low current income, and 12+ months wait until developments become completed. I figured unit price may stay low until these assets start coming online, and there may be an opportunity ahead. Here it is. As we pass through Q3 2021, Dream Impact has multiple projects coming online in Q3 and beyond that will provide a strong income stream, and create catalysts for further upside in the unit price. + +As of Q2, MPCT holds a \~1.1M Square Feet income portfolio, mainly consisting of commercial space. This is rapidly changing through the below developments, as well as a recently acquired 841 unit apartment complex in early October, a 71 unit apartment complex in Toronto, and under contract to purchase a 228 unit complex in Toronto. All high quality buildings which MPCT sees rent growth, and ability to add value to the buildings and continue the IMPACT theme through improvements. By 2024, Dream plans on holding only 100% IMPACT assets, and we are seeing a strong focus on Residential. + +\------------- + +**Developments** + +The magnitude of the master planned communities Dream Impact is creating is where you begin to realize the true potential of the trust. Dream Impact is still a small REIT, with a low market cap, but unlike other small REITs, they have a stake in some of the best master planned communities under development in Canada, focused in Toronto and Ottawa . The beauty of this is that the remaining ownership is held by larger partners, Dream Unlimited, Kilmer, Tricon, and others. This gives essentially guaranteed project completions with limited risk through great experience partners. These projects Dream Impact would not be able to do on their own at their current size. For a full detail of land holdings and projects in the pipeline, I highly suggest reading their most recent Q2 financials, and investor presentation, then research the development projects and their locations online. + +&#x200B; + +Each major project is large enough to give an overview. 70% of all development holdings are already zoned, with only 30% still in the rezoning process. This further reduces risk, as rezoning can be risky, expensive, and difficult. Here are some, but nowhere near all, of the projects. Note the large residential focus going forward. + +\------------- + +**West Don Lands:** + +West Don Lands consists of multiple blocks. Dream Impact has interest in block 3,4,7,8,10, and 20 for a total of over 2,000 residential units, and \~325,000 SF in Commercial space. Two blocks are well in construction as listed below.More can be read about the West Don Lands Neighborhood here: + +[https://www.waterfrontoronto.ca/nbe/portal/waterfront/Home/waterfronthome/precincts/west-don-lands](https://www.waterfrontoronto.ca/nbe/portal/waterfront/Home/waterfronthome/precincts/west-don-lands) + +&#x200B; + +**West Don Lands, Block 8** + +Ownership of 25%. 623,000 SF of Residential, 4,000 SF of Commercial. **Occupancy Begins in 2023.** 770 Residential Rental Units + +This development is being built to be held as an income property + +[https://urbantoronto.ca/news/2021/09/brick-cladding-has-begun-block-8-west-don-lands](https://urbantoronto.ca/news/2021/09/brick-cladding-has-begun-block-8-west-don-lands) + +&#x200B; + +&#x200B; + +**West Don Lands, Block 10 - Canary Indigenous Hub** + +Ownership of 25%319,000 SF of Residential, 26,000 SF of Commercial. **Occupancy Begins in 2024.** 206 Condos, plus 238 rental units. The condos are being built to sell, while the rentals are being held for income. Downtown Toronto, in the Canary District, in the heart of the city. + +[https://urbantoronto.ca/news/2021/06/first-purpose-built-indigenous-hub-breaks-ground-west-don-lands](https://urbantoronto.ca/news/2021/06/first-purpose-built-indigenous-hub-breaks-ground-west-don-lands) + +&#x200B; + +\------------- + +&#x200B; + +**Zibi** + +Zibi is a 34 acre master planned waterfront community on Ottawa River. This will be the first one planet community in Canada. Consisting of both commercial and residential, and this is a development focused on NET-ZERO Carbon footprint. Any major corporation which is looking to reduce their carbon footprint will want to occupy Zibi's properties. This will reduce business' carbon footprint, which is a goal for many large corporations, and those corporation's options are limited when it comes to net zero carbon buildings. + +[https://canada.constructconnect.com/dcn/news/projects/2021/10/zibis-aalto-rental-building-to-open-in-december](https://canada.constructconnect.com/dcn/news/projects/2021/10/zibis-aalto-rental-building-to-open-in-december) + +[https://zibi.ca/](https://zibi.ca/)[https://obj.ca/article/real-estate/zibi-will-be-place-end-2021-lead-developer-says](https://obj.ca/article/real-estate/zibi-will-be-place-end-2021-lead-developer-says)[https://renx.ca/dream-acquire-100-huge-ottawa-zibi-development/](https://renx.ca/dream-acquire-100-huge-ottawa-zibi-development/) + +Ownership 50%1,750,000 SF of Residential, 2,202,000 SF of Commercial\*\*Occupancy begins this year as noted below.\*\*Estimated at 1,900 Residential Units + +Block 211 is 186,000 SF of Commercial, and is 86% leased, and **occupancy begins in Q4 2021.** + +Block 10 is 135,000 SF of Residential, and 1,000 SF of Commercial, and **occupancy begins in December 2021** + +Block 208 is 33,000 SF of Commercial, and is 79.8% leased, and **occupancy begins in 2022.** + +Block 206 is 196,000 SF of Residential, and 11,000 SF of Commercial, and occupancy begins in **2023** + +Block 207 is 76,000 SF of Commercial, and occupancy begins in **2023** + +Block 11 is 127,000 SF of Residential, and 4,000 SF of Commercial, and occupancy begins in **2023** + +Much more to come after this, which will continue the development pipeline for many years to come. + +&#x200B; + +\------------- + +&#x200B; + +**Brightwater** + +This is a 72 acre master planned community waterfront development in Mississauga. This development was an IMPACT development, which cleaned up 1.4M tones of soil as the area previously was an oil refinery. The clean up process is complete, and building has commenced. + +&#x200B; + +[https://experiencebrightwater.ca/](https://experiencebrightwater.ca/) + +Ownership 23.3%. 3,113,000 SF of Residential, 360,000 SF of Commercial. Occupancy begins in 2023, and will be a long build out process extended into 2032-ish. The first two condo buildings are essentially being sold out as fast as they are being offered. This is a very impressive master planned community. + +&#x200B; + +\------------- + +**Other Notable Developments** + +&#x200B; + +**Ivy Condos Downtown Toronto** + +**75% Ownership.** Under Construction. Build to Sell 256 Units. Complete in 2024 + +[https://www.buzzbuzzhome.com/ca/ivy-condos](https://www.buzzbuzzhome.com/ca/ivy-condos) \- SOLD OUT. + +[https://urbantoronto.ca/database/projects/ivy-condos](https://urbantoronto.ca/database/projects/ivy-condos) + +&#x200B; + +**Scarborough** **Junction** **Master Planned Community** + +45% Ownership. Under Development Planning. 6619 Residential Units, 165,000 SF Commercial + +[https://urbantoronto.ca/news/2021/06/scarborough-junction-master-plan-wins-support-design-review-panel](https://urbantoronto.ca/news/2021/06/scarborough-junction-master-plan-wins-support-design-review-panel) + +&#x200B; + +**Frank Gehry** + +25% Ownership. Planning Stage. High End Condo Development. Built to Sell 1500 Residential Units, and 260,000 SQ Feet Commercial + +[https://dailyhive.com/toronto/frank-gehry-king-street-toronto-skyscrapers](https://dailyhive.com/toronto/frank-gehry-king-street-toronto-skyscrapers) + +&#x200B; + +**49 Ontario St** + +100% Ownership. Planning Stage. + +[https://urbantoronto.ca/news/2019/11/two-tower-mixed-use-complex-proposed-49-ontario-street](https://urbantoronto.ca/news/2019/11/two-tower-mixed-use-complex-proposed-49-ontario-street) + +&#x200B; + +**100 Steeles Avenue West** + +37.5% Ownership. Under redevelopment Planning + +&#x200B; + +**The Virgin Hotel Las Vegas** + +This was a development prior to the change to being an impact trust, and is being planned to be sold in the next 24ish months. This is one of the last pieces to be sold for Dream to be 100% an IMPACT trust. Dream Impact has a 10% ownership in this development, and will be selling their interest. They have a nearly 53M investment into this hotel, which opened in June 2021. + +[https://www.reviewjournal.com/business/casinos-gaming/virgin-hotels-las-vegas-opens-marking-a-return-to-paradise-2314825/](https://www.reviewjournal.com/business/casinos-gaming/virgin-hotels-las-vegas-opens-marking-a-return-to-paradise-2314825/) + +\------------- + +**Distributions** + +Now we know where and when rental and development income is going to start to really come in, we can talk about distributions. + +Management has reassured investors the distributions are safe. Dream Impact has a strong liquidity position, a deal with Dream (Parent Company) to take units instead of cash fees (at full 8.99 NAV), a bunch of new income streams coming online in Q3, Q4, and beyond, as well as strategic asset sales and build to sell developments which will all generate cash flow. + +Additionally, as Dream Impact is heavy in development mode, the distributions are 100% ROC, resulting in tax favorable ROC distributions. Great for those wanting to hold a REIT in a non registered account. + +Current yield is around 6.3%. + +\------------- + +**Buybacks:** + +Buybacks are underway, and management has noted that buybacks in the current price range are a compelling opportunity. The cost of buybacks are low compared to liquidity, and offer a guaranteed NAV increase. I do fully expect Dream Impact to continue their buybacks at these suppressed prices. + +\------------- + +**Why ESG Even Matters** + +&#x200B; + +Governments, households, and corporations want to represent a sustainable future. Public services and large corporations want to occupy buildings that work toward their zero emissions goals. Dream Impact is focused on this, and is building out offices and residential that will be in high demand by organizations wanting to meet their zero emissions goals. + +[https://www.marketwatch.com/story/mentions-of-esg-and-sustainability-are-being-made-on-thousands-of-corporate-earnings-calls-11626712848](https://www.marketwatch.com/story/mentions-of-esg-and-sustainability-are-being-made-on-thousands-of-corporate-earnings-calls-11626712848)[https://renx.ca/greening-of-federal-govt-cre-portfolio-offers-opportunity/](https://renx.ca/greening-of-federal-govt-cre-portfolio-offers-opportunity/) + +&#x200B; + +Dream Impact just received its first Five Star GRESB score. Loans are coming in at substantially lower interest rates, making investments in IMPACT projects surprisingly profitable. + +&#x200B; + +From their Q3 2020 Transcript: + +"Subsequent to the quarter, the Trust received credit approval to close on a 10-year loan, which would otherwise not be available for market rental projects. Although the interest rate on the loan is not obtained until their first draft, based on today's rates, the facility will cost us less than 1%. " + +\------------- + +**Notable Risk:** + +This is a low volume REIT with a small float. Average Daily Volume is \~50,000 units, and public float of around 47M. Investors taking a large position with a low liquidity REIT may find it hard to liquidate. + +\------------- + +**In Conclusion:** + +Dream Impact, near term, is about to materially increase their recurring income through a few recent sizable acquisitions and developments coming online. The development pipeline is robust, of quality and in prime locations, that will sustain projects for over a decade. The high quality assets and development pipeline sets up Dream for long term success, without redevelopment zoning risk (due to most zoning being done), or the need to spend money to acquire more land. Dream Impact has the backing of Dream Unlimited and their partners, and their assets are located in prime Toronto/Ottawa areas. This is a quality REIT, with a fast growing highly desired Residential component, competent management, a strong cash liquidity position, low debt to assets, focused on Green & Impact properties (feel good owning it), and currently, has a 40% unit price upside to current NAV and a 6.3%+ current yield. + +\------------- + +**Price Targets:** + +4 Analysts have begun rating Dream Impact. The current rating is "buy", with an average $8.29 target. + +TD gives Dream Impact an **$8 target and buy rating, and $9.40 NAV estimate** + +**I rate Dream Impact a buy, with an $8.00 target**. This is about 31% upside when factoring in distributions over 12 months. As time goes past, NAV will rise and unit price should follow. Dream Impact is one of the only REITs I can see the possibility of trading above NAV (About $8.99-$9.50) that is currently trading at a substantial discount. This is due to the IMPACT theme, increasing residential focus, the quality of the projects and most importantly, their prime Toronto/Ottawa locations. + +\------------- + +**Disclosure:** + +I have recently opened a starter position in Dream Impact, and will add to my position on any weakness. Always do your own Due Diligence. This is not investment advice. + +\------------- + +**Sources:** + +Dream Impact and Dream Unlimited Press Releases and Financial Reports, Earnings Transcripts, and articles linked above/below. + +\------------- + +**Useful Links:** + +[https://dream.ca/wp-content/uploads/2021/08/MPCT-Investor-Presentation-8.16.2021-FINAL.pd](https://dream.ca/wp-content/uploads/2021/08/MPCT-Investor-Presentation-8.16.2021-FINAL.pdf)[f](https://dream.ca/wp-content/uploads/2021/08/MPCT-Investor-Presentation-8.16.2021-FINAL.pdf) + +[https://dream.ca/wp-content/uploads/2021/08/Dream-Impact-Trust-Q2-2021-Combined-Report.pdf](https://dream.ca/wp-content/uploads/2021/08/Dream-Impact-Trust-Q2-2021-Combined-Report.pdf) + +[https://ca.sports.yahoo.com/news/edited-transcript-mpct-u-earnings-160000131.html](https://ca.sports.yahoo.com/news/edited-transcript-mpct-u-earnings-160000131.html) + +[https://ca.style.yahoo.com/edited-transcript-mpct-u-earnings-153000396.html](https://ca.style.yahoo.com/edited-transcript-mpct-u-earnings-153000396.html) +Subscription services are projected to grow by $51 billion from 2018 to 2024, reaching a total of $87 billion. Netflix currently serves 87% of the United States market, 50-70% of all developed countries and up to 20% of the developing world. + +[https://beth.technology/netflix-stock-long-term-potential/](https://beth.technology/netflix-stock-long-term-potential/) +I wont bore anyone with my sob story of buying 33,000 ETH at the IPO and selling it at $2.00 the minute it went live for trading. I've been prescribed Lithium, Xanax, Prednisone, and Oreo cookies for that already. + +I've been all-in on Bitcoin since June 2012. I played with alts for one purpose. To try and grow my Bitcoin stash, and when I sold my Ethereum, I was elated because I'd just massively increased my Bitcoin count. + +I'm creating this thread in large part because I know the mentality over at /r/bitcoin if you express any dissenting opinion on anything, and they find out you own Ethereum. So for the record: ***I haven't owned any until today, and nothing I write is colored by my holdings of any coin. I try not to be low-integrity like that.*** If I pointed you here to read that, please internalize it and don't marginalize my opinion because of your weird hatred for the "ethereum shitcoin". + +I have a bitcoin bumper sticker, license plate, and was the primary distributor for yBitcoin magazine in both Miami and San Diego. My loyalty to the coin and the cause are indisputable. I also own the site dedicated to the Genesis Block Newspaper: http://www.thetimes03jan2009.com + +That having been said, it was not until this week that I finally felt a genuine sense of doubt that Bitcoin would accomplish its goals. Anyone familiar with the debate going on, and the idiocy in the behavior surrounding it, knows what I mean. I have always wondered if a decentralized system with no leader could *ever* make decisions. I've grown disgusted with how people act in polarizing debates, and when it gets to be too much, I start looking elsewhere. + +I truly feel at this time that there is no light at the end of the tunnel. And that scares me. + +When Andreas Antonopoulos posted his Medium blog this week however, that was my final straw. Everything that comes out of that guys mouth to me is Gospel. I have my reasons for that. But when someone like himself clearly states that "systems which are actually able to evolve" (paraph) are going to be making massive waves in crypto, while simultaneously tossing out the idea of people diversifying to Ethereum .... I listen. + +It's a little difficult struggling to afford 50 eth when I formerly held 33,000. But I have always operated off a vibe with crypto investing, and while I did "only" make $66,000 instead of $1.6 million, I have never been wrong in any of my crypto investments yet. (knock on wood). I was struck with an overwhelming awareness of Ethereum's future growth yesterday, and I haven't felt that about anything other than Bitcoin in a long time. + +My "vibe" is telling me that ETH just took (over the last several weeks) a major step towards long term sustainability and use. +I wont bore anyone with my sob story of buying 33,000 ETH at the IPO and selling it at $2.00 the minute it went live for trading. I've been prescribed Lithium, Xanax, Prednisone, and Oreo cookies for that already. + +I've been all-in on Bitcoin since June 2012. I played with alts for one purpose. To try and grow my Bitcoin stash, and when I sold my Ethereum, I was elated because I'd just massively increased my Bitcoin count. + +I'm creating this thread in large part because I know the mentality over at /r/bitcoin if you express any dissenting opinion on anything, and they find out you own Ethereum. So for the record: ***I haven't owned any until today, and nothing I write is colored by my holdings of any coin. I try not to be low-integrity like that.*** If I pointed you here to read that, please internalize it and don't marginalize my opinion because of your weird hatred for the "ethereum shitcoin". + +I have a bitcoin bumper sticker, license plate, and was the primary distributor for yBitcoin magazine in both Miami and San Diego. My loyalty to the coin and the cause are indisputable. I also own the site dedicated to the Genesis Block Newspaper: http://www.thetimes03jan2009.com + +That having been said, it was not until this week that I finally felt a genuine sense of doubt that Bitcoin would accomplish its goals. Anyone familiar with the debate going on, and the idiocy in the behavior surrounding it, knows what I mean. I have always wondered if a decentralized system with no leader could *ever* make decisions. I've grown disgusted with how people act in polarizing debates, and when it gets to be too much, I start looking elsewhere. + +I truly feel at this time that there is no light at the end of the tunnel. And that scares me. + +When Andreas Antonopoulos posted his Medium blog this week however, that was my final straw. Everything that comes out of that guys mouth to me is Gospel. I have my reasons for that. But when someone like himself clearly states that "systems which are actually able to evolve" (paraph) are going to be making massive waves in crypto, while simultaneously tossing out the idea of people diversifying to Ethereum .... I listen. + +It's a little difficult struggling to afford 50 eth when I formerly held 33,000. But I have always operated off a vibe with crypto investing, and while I did "only" make $66,000 instead of $1.6 million, I have never been wrong in any of my crypto investments yet. (knock on wood). I was struck with an overwhelming awareness of Ethereum's future growth yesterday, and I haven't felt that about anything other than Bitcoin in a long time. + +My "vibe" is telling me that ETH just took (over the last several weeks) a major step towards long term sustainability and use. +after no big purchases these last two or so years I find myself wanting to buy a couple things like a motorcycle maybe an electric unicycle etc and I'm just wondering under what amount typically or what percent of your income do does a purchase have to be under for you to not give any second mind about it you just buy and try sort of situation? +Last week I read [an article (in Dutch)](https://pfauth.com/financiele-onafhankelijkheid/persoonlijk-financieel-systeem/) about having a personal financial system. The 'personal financial system' basically means that you automate a couple of things, such as saving, investing and your monthly recurrings costs. Because I'm a developer in my daily life, I've made a small simple tool to help with creating a system like this. I shared it in the Dutch FIRE reddit and some people thought it was a handy tool, so I'd like to share it with you too: [https://simpelrijker.netlify.app/](https://simpelrijker.netlify.app/) + +I'm not 100% sure if a system like this would work in the USA or other countries, but maybe it helps someone :) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +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.superguide.com.au/how-super-works/carry-forward-contributions](https://www.superguide.com.au/how-super-works/carry-forward-contributions) + +Just wanted to share this. I'm not making any additional contributions but I heard about this recently and it seems like some people are not aware of this provision? Or maybe everyone knows and I didn't know :D + +Edit: Oops I just realised my title looks like click-bait.. I didn't mean for it to sound like that so here's a **tl;dr**: You might be able to contribute over $25,000 and get the same tax benefits if you haven't contributed the full amount in the previous year. i.e. you can carry forward your contributions cap. The article explains it better than I can. +I’m very new to the forex world and currently going through the babypips education course. I’m also a signed musician so money is okay for me right now. I initially wanted to learn forex to have as a secondary income source and potentially something to lean on after the inevitable fall of my music career. However after seeing how low the odds are stacked against me I’m starting to reconsider if my spare time is better spent elsewhere considering I’m often busy out doing shows or shooting videos. + +Basically, I want to use my free time creating a new source of income but I’m not sure if forex is the one. +How the news on media synced up + +How Powell wasn’t hopeful in his speech about the future and markets went down + +How Jobless numbers came out and the initial response dumped + +But here we are again, full force pumping markets and futures like nothing like this mattered +Im 26. An electrician. And im on track to earn about 44k this year. Much more then previous years. And I could probably manahe another 15k a year later in my career if I manage to build my position in the company as years go on.. aside from finding finding a better company to work for or a change of careers. which just may be the case. How can I hope to earn more money? + +I recently got into personal finance and I now see how screwed I am. My 401k brokerage says I'm 11 years behind schedule to meet my retirement goals of $1m at age 65. Which wasn't an insane goal from my understanding. + +I save about $900 a month spread across webull. 401k. Cryptocurrency. And a mutual fund. + +Is a career switch something I can pull off at this age without missing out on saving? + +I have no schooling. :( + +Something you never really think about as a young guy. Tempted by no student loans and a decent starting wage I got stuck breaking my back and 5 years in I'm near my possible max wage. Its kind of disheartening. +I hate to be that guy right now, but if you're going to head off to view our favorite company's stream and participate in the chats or reply to video game related posts, strive to keep the discussion related to said video games. Instead, redirect people who are new to gaming and eSports the GameStop's YouTube channel and Twitch accounts instead. I believe there are a few videos right now that the hosts are putting out that are essentially a beginner's guide to streaming and eSports. I'll post a link to that segment below. + +[Shout eSports](https://www.youtube.com/playlist?list=PLhl8wTgV_m1q4RgKtrYInK9JnMTe1Pd22) + +I'm a pretty avid gamer, and a personal level, it actually irritates me a little when I see it. + +But, that aside, keep hodling. + + +**Edit 4:05pm 7/2/2021** + +Someone asked why, and that's fair. I'll just post a link to the [reply](https://www.reddit.com/r/Superstonk/comments/ocibjq/friendly_reminder_try_to_keep_stock_talk_off_of/h3v29ea?utm_medium=android_app&utm_source=share&context=3) I made to someone else's post. + +Have a good 4th of July weekend, y'all. +## 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 $134.307 billion. + +Ok cool, so what about GameStop? If you haven’t yet seen it go take a look at the exposure chart on page 79 for Archegos published by Credit Suisse in July 2021 [here](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf). The chart unmistakably follows the same unnatural GME line from January 2021 when the buy button was disabled. + +Worth noting that I have not found any updates to Credit Suisse or Nomura’s claims that only 97% of their positions with exposure to Archegos have been closed. + +— + +Just a Retail Investor, not a financial advisor. +I wrote an algo that's giving almost 2835166% compounded return on last 5 years data of BTC. Sounds unrealistic cuz it kind of is, I mean this algo isn't scalable. So if we use millions of dollars for each positions. It won't work. But still... + +&#x200B; + +&#x200B; + +The results are like these... + +&#x200B; + +The win rate is : 61% + +Average profit: 0.51% + +Average loss: -0.65 % + +Max profit: 22.50% + +Max loss: -9.36% + +&#x200B; + +Total trades : 16436 + +&#x200B; + +Slope : + +&#x200B; + +[Graph](https://preview.redd.it/0e356ixczq691.png?width=372&format=png&auto=webp&s=5b2565d59c1465dab2552a734d386fea1db0731f) + +&#x200B; + +Fee used when calculating profit : 0.10% + +&#x200B; + +All entry or exit signals are based on previous candle close price So no calculation is made based on future data. + +&#x200B; + +Non compounded returns, + +&#x200B; + +Here are the stats when using 100$ for each trade without any kind of compounding... + +&#x200B; + +&#x200B; + +https://preview.redd.it/9znbej7m0r691.png?width=381&format=png&auto=webp&s=c2761bab4cd89671b199160caab4518ee718a9c7 + +&#x200B; + +Return is 1084%. + +&#x200B; + +As you can guess almost all other stats are same. + +&#x200B; + +It's not perfect. It only works best on crypto markets. Working kinda decent on last 60 days data of a lot of stocks like TSLA or SPY. But giving almost 30% loss on forex market. And tested it on sp500 futures data of last 5 years. It underperformed by a lot compared to buy and hold. + +&#x200B; + +So I'm thinking about using it on real crypto with some real money. + +&#x200B; + +I tried reviewing the code so many times but still can't find anything that can make the result misleading or wrong. Can you let me know any other factors that can make it perform different on the live market compared to the backtest... + +&#x200B; + +I already took fee into calculation. So the only thing I can think about is 1-2 sec delay in executing the order. Any suggestions? +Hi there, my name is Harrison and I frequently do Python programming tutorials on [PythonProgramming.net](https://pythonprogramming.net) and [YouTube.com/sentdex](https://www.youtube.com/user/sentdex). All tutorials are free in both text and video forms. + +The latest series that I have put out is [Python for Finance](https://pythonprogramming.net/getting-stock-prices-python-programming-for-finance/). The aim of this series is to show what can be done with Python in the field of finance and algorithmic trading using data science (spoiler alert: a lot!). + +Even though you probably aren’t going to get rich, you might save yourself a lot of money (when you back test your silly trading idea and realize it’s bad), and you’ll learn about statistics and data science with Python along the way. + +I start the series off with a simplistic introduction to using Python+[Pandas](https://pythonprogramming.net/data-analysis-python-pandas-tutorial-introduction/)+[Matplotlib](https://pythonprogramming.net/matplotlib-intro-tutorial/) to get stock data, visualize stock data, and to manipulate this data. + +From here, we get into Quantopian, which is a Python-based platform built on top of the Zipline library for back-testing, but has since expanded out to enable quite a bit more than that. + +We use Quantopian both for simplistic back testing, but also for doing research into future trading strategies, since Quantopian also provides a bunch of free data like minute pricing data, fundamentals along with tools like [Alphalens](https://github.com/quantopian/alphalens) for analyzing various factors that you believe to be beneficial to a trading strategy. + +If you would like to check it out, the series starts here: +[Python for Finance introduction](https://pythonprogramming.net/getting-stock-prices-python-programming-for-finance/) + +If you are already familiar with Pandas and want to jump straight into the strategies and using Quantopian for back-testing and research: +[Algorithmic trading and research with Quantopian](https://pythonprogramming.net/quantopian-trading-strategies-introduction-python-programming-for-finance/) + +If you have any questions, requests, or suggestions, feel free to ask here or on the respective tutorials. +Just got back from our first post-retirement vacation (a 14-day Caribbean cruise and 5-day family visit beforehand). + +I had some concerns about whether I would enjoy vacation post-retirement as much as I did pre-retirement. As in, what exactly am I vacationing from? + +Turns out, those concerns where unfounded. Pre-retirement, if I took a 14-day trip, it took me 5 days to unwind, then I'd spend the last 5 days dreading the trip ending and going back to work. Then there was the inevitable checking of work email the entire time. + +None of that this time.. complete relaxation the entire time. No phone, no internet, no email, just completely unplugged for the first time in years and loved every second of it. +It’s Sunday so gonna make some discussion. On Monday you have to liquidate everything and put all your money equally into 5 stocks and can’t sell or buy any new stocks for 10 years. What are you buying? + +Hard mode: no ETFs + +Harder mode: explain your answers +I have seen several comments lately similar to this and am interested to see some of those ideas. I know I'm not a completely FIRE driven person, I enjoy toys a little too much but I'm definitely going to retire before any of my co-workers/friends because of you guys!! + +P.S. This title was a direct lift off another thread. I just couldn't word it any better. + +P.S.S. I'm specifically blaming u/ChiDnDplz for this post +My father (who has spent his life working in banking/accounting) set up a premium bonds account for me when I was born. I think he originally deposited something like \~£20,000. I am now 21 and the account value is exactly £25,000. This is in-line with the measly premium bond average ROI of \~1%. + +Exactly 1 year ago I began trading on Trading212 using my personal savings of £3,000. I have since grown this portfolio around 300%, namely by making a few (fairly lucky) pennystock trades - one of of which ended up returning >1000%. I am well aware that market conditions this year have been abnormally bullish and that I have been lucky to achieve this return. Likewise, I do not expect to achieve anywhere near this ROI going forwards. But I am now in a position where the growth of my premium bonds account is depressingly negligible in comparison. Moreover a bit of 'napkin maths' would suggest that in real terms, inflation has actually reduced the value of my bonds account by almost half or \~£12,000. + +Given I now have some experience trading and investing, and I am in a position where I don't really need this money in the short term and have always thought I would hold onto my bonds - I am now considering beginning a S&S ISA and liquidating and transferring some (if not, most) of my bonds over to an ISA to invest for the long term. **My questions to you is whether or not anybody actually holds premium bonds?** **Has anybody ever won a decent sum through premium bonds?** A quick google search tells me that they are an increasingly popular investment vehicle - but I can't figure out why given that you are statistically unlikely to achieve >1% interest and are therefore experiencing negative interest after inflation. My search also tells me that bonds are better for larger accounts because I theoretically have a greater chance at winning the bigger prizes. Has anybody with a similar sized account ever won any of these big prizes? I don't recall ever winning a draw >£50 personally. + +I guess I'm just not entirely sure why my dad, who is so well versed in the world of global finance chose to be so risk averse in letting £20,000 create negative interest in a bonds account for 21 years. Just looking at the SPY chart since 1999, an investment of £20,000, equal to about \~$30,000 at the time would've bought 225.5 shares of SPY. This would be worth \~$99,000 or £72,500 today. Quite an astonishing difference. + +Ps. I hope not to sound ungrateful in this post. I am aware how privileged I am to have been essentially be gifted £25,000 by my parents. It's just that only recently I have considered bonds as investments and how best to invest my money for the future. Thanks for any responses. +My partner and I are on the lookout for a home to live in, each Saturday we do the usual open homes and face huge crowds (40+ groups at times). + +Houses are sold basically as soon as the hit the market at the moment, and those that are available receive multiple offers. I've had a couple of different agents tell me that people are buying for well over what the properties are worth and I don't feel good about going down that path. + +Anyone else had or having a similar experience in Brisbane, or maybe a contrasting one? + +Would love to hear some different perspectives! +I was informed today by mail that Ally shared information mistakenly about one of my accounts by mailing the information to the wrong recipient. Ally claims the individual called Ally and returned the information which contained PII such as name, address, account number and SSN. + +While Ally does not believe my information was compromised, they did offer to pay for a credit watch service for two years. Here's where I am concerned now, Ally is offering me Credit Watch Gold 3-in-1 monitoring provided by.... Equifax, a recently and wildly untrusted monitoring agency. + +I just checked my credit using CreditKarma, and did not find any red flags on there. + +Has this happened to anyone here regarding their Ally accounts? Can I trust the Equifax Credit Watch Gold service, or should I expend my own resources on a different service? + +Thanks for any insight! + +Edit: +So after 45 min on the phone with Ally (mostly on hold), I was told that the letter correspondence was indeed from Ally, and that my personal data being mailed to the wrong recipient was an isolated incident. I was told that the Equifax monitoring service was the best they could offer me. + +I was told that the document was mailed back to Ally unopened, and that they feel my data was not compromised. + +When I asked what information was mistakenly shared, the representative I spoke with could not obtain that information, but made sure that someone is working on it, and will email me copies of the documents in question. + +Mistakes happen. It's an organization ran by humans, and humans make mistakes. +A lot of you made good suggestions on what my next move should be, your opinions and thoughts are appreciated. I'm glad I inquired with this community about my dilemma, thank you all. +https://preview.redd.it/sie013v1x2171.jpg?width=1426&format=pjpg&auto=webp&s=e5bd5d23c226b58c8381408deecbf249fc6b04ce + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎶🎶🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤🎶🎶 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Hi Apes,** + +B\_T here! I am pleased to be addressing you guys again. Welcome to The Jungle Beat, a new collaborative project Pink and I are working on. We thought it would be great to bring you guys two daily posts: + +The Daily Stonk having a greater focus on hard news, and DD. Something to start the day with, like a newspaper. While The Jungle Beat focuses on highlighting the community in a lighthearted, more casual way. Something that you can wind down with at market close everyday. Big news, community announcements, content from the Apes, like a community board. We hope you guys like it! + +Today PinkCats is busy prepping with Lucy Komisar, but she wanted to welcome you guys herself so that said... Over to you u/PinkCatsOnAcid: + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +*What's up Superstonk!  I'm so excited to be working on The Jungle Beat with* u/Bye_Triangle *and the whole mod team! This concept is ever evolving, and was born from the idea of providing a daily post written by apes, for apes. A speak-piece for the sub that brings you the latest, most relevant news from around Superstonk.*  + +*Speaking personally, I sincerely enjoyed the time I spent with you all writing the Superstonk Daily and I hope that this new format serves to continue the idea that we are committed to growing this sub and it's following, using verified, trusted information from mods and community members alike! The Jungle Beat is the steady drum by which we all march in this Battle of the HODLers of GME vs. Goliath. Thank you apes for bringing the magic to this jungle! None of this would exist without this community and its resolve.* 💖🦄✨🦍💎🐈 + +&#x200B; + +[Signed, PinkCat](https://preview.redd.it/yfjs4rmr64171.jpg?width=540&format=pjpg&auto=webp&s=f9ac5b11052bfca7cb09989ce5cf248238a55c08) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Thanks for jumping in on such a busy day! + +So without any more delay, here is debut edition of The Jungle Beat! + + = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = + +# 📰 LUCY KOMISAR AMA TODAY 📰 + +We had a fantastic time hearing what Lucy had to say about us and about the issue of naked short selling, offshoring, the SEC, and GameStop. Today's AMA is going to focus on **The Securities and Exchange Commission (SEC).** Needless to say this is going to be a hugely important insight on this matter given Lucy's history and familiarity with the SEC. + + Lucy will be sharing with us the history, the purpose of the formation of the SEC, and sharing details on their regulatory oversight. + +**Tune in today at 4:30 pm Eastern on the** [Superstonk Live YouTube channel!](https://www.youtube.com/watch?v=wuPizlDY0Ys) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Suggested reading for today is Lucy Komisar's latest article on this whole short-selling scam: + +[How corrupt brokers, hedge funds with govt & media facilitators steal from stock market investors](https://www.thekomisarscoop.com/2021/05/how-corrupt-brokers-hedge-funds-with-govt-media-facilitators-steal-from-stock-market-investors/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Check out the Last AMA with Lucy Komisar here: [Lucy Komisar AMA - Part 1](https://www.youtube.com/watch?v=wKXWvEpnN34&t=3s) + +And a transcript-- accompanied by summaries here: [Lucy Komisar AMA (Pt1) AMA Transcript/ Summary](https://www.reddit.com/r/Superstonk/comments/nj867u/official_ama_lucy_komisar_monday_may_24th_lucy/) + + = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = + +# ♠♣♥♦ u/atobitt's House Of Cards ♠♥♦♣ + +So as if the hype train wasn't rolling with enough steam already, u/atobitt brought us an appetizer for the HOC II&III with this little update: + +*"I have officially finished the HOC part II and submitted it to Dr. T, Wes Christian and Dave Lauer (* u/dlauer *) for review. They are welcome to share among their peers, as well.* + + *I have shared this document with the MOD team and asked them to keep it hush-hush until we receive feedback. They can give their impression, but not any detail. That being said, it is a 24 page word document explaining how big the House of Cards truly is. Instead of trimming out vital information, I have decided to double-drop parts II & III at the same time once I have feedback from the experts.* + + *I appreciate everyone being patient and ask for you to give our experts the time they need to fully review the findings. This is important and I appreciate all of their efforts to make the story airtight."* \- u/atobitt + +[\(This is legit how I felt - B\_T\)](https://preview.redd.it/k7t6lv33o3171.jpg?width=780&format=pjpg&auto=webp&s=3b17d8cbf1720ff52d7918586aaf027ec51aeb41) + +I can confirm that this piece is going to make you mad and make you HODL and probably make you want to completely smash the broken way of doing things and start over (as if you don't already). We highly recommend taking this opportunity to refresh yourself on [HOC Part 1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) + +Major shoutout to u/atobitt for such dedication to writing his entire collection of DD for all of us smooth brain apes to finally understand the elements at play here. We don't do hero worship around here, but we do give credit where it's due and Ato has been working tirelessly on the research and writing of this HOC trilogy. + +Atobitt, you embody a true ape. This community appreciates the time you spend on your contributions. + + = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = + +# 📢 NEW MODS - In case you missed it 📢 + +u/redchessqueen99 announced on the weekend that we have some new team members. This weekend went very smoothly and that was due, in no small part, to these two individuals... So glad to you have you guys on board. I am so excited for all the amazing ideas these guys have, there is some exciting stuff coming! + +So, we thought this would be a great opportunity for them to officially introduce themselves. If you haven't already, say hello to u/Sharkbaitlol and u/Bradduck_Flyntmoore ! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +u/Bradduck_Flyntmoore + + +"*Greetings, apes!* + +*It is I,* u/Bradduck_Flyntmoore*! BT and Pink asked me to write a blurb about my new role as mod for the best subreddit in existence, so here me be.* + +*I was brought on to function as an Ape-bassador, if you will, with a focus on community engagement. Your friendly neighborhood Ape Assistant. That means interacting with all of you breathtaking creatures!* *I'll be in the comments with y'all, cracking jokes and pretending I have wrinkles, same as I was before becoming a mod, in addition to a few pet projects I have in the works. Some of you have already encountered the "wild FLAIR POST"s out in the jungle (please, if you got new custom flair from me in the last 24hrs, comment "thanks for the flair" below! Some of them were hilarious and others were very creative), but don't worry if you missed it. I promise there will be more. In fact, let's start now! Comment the custom flair you want and I'll do as many as I can before my fingers fall off. One of my main goals, after all, is to get every ape that wants it their own flair. I'll also be developing a "suggestion box" that apes can provide feedback to as far as things they like/don't like about the sub, ways we can improve, content that y'all'd like to see, etc.* + +*Lastly, in an effort to make sure the other mods are able to dedicate the time they need to their own duties, I ask that you tag me in posts requiring attention (beyond the normal reporting of spam/inappropriate material/FUD/etc). If I am unable to assist you myself, I'll call upon whichever mod is most appropriate to the situation. I'm not saying to only tag me, but that I am happy to serve as liaison between apes and mods. Fun fact, most mods are tagged between 30 and 200 times a day. Every day (I believe red, for example, is at 400+ notifications as I type this). As you can imagine, it can get difficult to keep up, especially when there are other projects that require focus and attention to detail, plus boring IRL stuffs.* + +*Thank you all for everything you do for this sub. It wouldn't be the best place on the interwebs without you. Y'all know the mantra by now: Buy, Hold, vote if you can, and always be excellent to each other!* + +*Power to the Player! 🚀🌛 "* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +u/Sharkbaitlol + +*Hey everyone,* + +*It's your ape,* u/sharkbaitlol *chomping away at the DD posts. It's been a crazy couple of days since being brought on, I greatly appreciate all the kind words all of you have been leaving me. This post may serve as a good time to bring up why I was brought on, and what I aim to do during my time here!* + +*It's becoming apparent that* /r/superstonk *is becoming a key destination for many (including reporters) to find information about not only on GME, but the economy. The level of data we have apes including into their posts is often worthy of Pulitzer awards; that's not an exaggeration. These are posts loaded with links, graphs, math and data. Believe me, they're getting noticed on a global level.* + +*To help initiative further, my goal here will be to categorize, summarize and provide additional research points on news articles and DD around the sub. You will probably see this initiative around superstonk in the comments section of a post, under the header "Shark Tank Review". This is an effort to help simplify the information being presented into a quick "TA;DR (too ape; didn't read)" that helps you understand what part of the puzzle you're looking at!* + +*Here is an example of one of these posts 🙂*[*https://www.reddit.com/r/Superstonk/comments/nj7n6m/cnbc\_to\_citadel\_what\_or\_who\_is\_the\_link/gz6nm3b?utm\_source=share&utm\_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/nj7n6m/cnbc_to_citadel_what_or_who_is_the_link/gz6nm3b?utm_source=share&utm_medium=web2x&context=3) + +*With that being said; I too am only one ape, so I will rely on this community to tag me on posts you feel could be important to the puzzle. I will try my best to get to as many posts as I can!* + +*To the moon and beyond apes 🚀🌛* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = + +# 🗳VOTE VOTE VOTE🗳 + +I will say this over and over again until we get to the Shareholders Meeting: + +EVERYONE MUST VOTE THEIR SHARES. If you are given the opportunity to vote and you pass it up, you are doing yourself a disservice. You aren't taking the opportunity to exercise your right as a shareholder, and therefore you are allowing the HF's to get away with this behavior. + +It sounds like every day more and more apes get their paperwork to vote. I don't know about you guys but I am totally HYPED to see the vote count. I have a feeling it is already far beyond the number of shares that exist... but only GameStop knows that number for now. + +&#x200B; + +https://preview.redd.it/xezpoavtc3171.jpg?width=1000&format=pjpg&auto=webp&s=03c02eabb853ad8b26a765a97505ba9b46a9529a + +*\*Psst\* Hey Ryan Cohen, feel free to hit me up with that vote count! I can keep a secret* 😏 + + = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = + +# 🎉HYPE WEEK🎉 + +Mon - Lucy Komisar AMA | T+35 + +Tues - T +21 + +Wednesday - Heads of big banks in front of congress Part 1 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) [(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635) + +Thursday - Heads of big banks in front of congress Part 2 [(Info)](https://www.reuters.com/business/finance/congress-quiz-wall-street-bank-chief-executives-next-month-statement-2021-04-15/) [(Watch)](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407635) |Harambe's Birthday + +Friday - Harambe Memorial Day (R.I.P.) + +There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week... + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. + +***OOK OOK*** + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[Please feel free to share feedback on The Jungle Beat. If you have any ideas for what you'd like to see in these posts in the future, let us know!!](https://preview.redd.it/vkr7mmens2171.jpg?width=1600&format=pjpg&auto=webp&s=5c45e4ab22dd4619e3cbd10d14ccfe00c011ea73) +https://github.com/tronprotocol/java-tron/issues/25 + +TRON already got caught with Plagiarised White Paper now they get caught again with copy pasting codes, doesn't credit anyone, and tries to hide it, gets caught hiding it..... then apologizes again... + + +Sincerely, is there any possibility or a way to stop or ban this scammer from abusing the crypto world and getting away with stealing all this large amount of money with his pump and dump scamcoin? He's a professional scammer who already stole Billions from naive investors, and it may hurt the reputation of the entire crypto community +Guten Tag to this global band of Apes! 👋🦍 + +What a day to HODL GME yesterday! Despite all of the FUD about people selling ahead of earnings, the retail buy/sell ratio was well in favor of buy orders and GME held steady into the closing bell. Then the earnings dropped, and *OH MY THE FUNDAMENTALS*. Can you believe how great GameStop is doing? Year-over-year sales up 25%, new fulfillment centers, new customer care centers, massive cash on hand and hardly any long-term debt. And the *talent*. It speaks to me that in their quarterly earnings report, they highlighted the quality of the team that they are building to grow the business. It tells me that GameStop is focused on the future, and the foundation they are building for success. + +While many of us are eager for the MOASS, we know that the Short Hedge Funds will do anything and everything they can to delay it, hoping that somehow we will lose interest or fear-sell. With fundamentals like these, I don't see how that could *ever* happen with GME. Most companies can only dream of having the opportunity that GameStop currently has, and there is not a leadership team in this world that I trust more than what Ryan Cohen has brought to bear. We like the stock, and we are not going anywhere. Try as they might today to manipulate the narrative to be "The GameStop Squeeze is Over", they can't just suddenly close their short positions and have it be true. The shorts must be closed, and the MOASS is inevitable. + +Today is Thursday, September 9th, 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: **$183.69 / 155,31 €** *(volume: 8927)* +- 🟩 115 minutes in: $183.72 / 155,34 € *(volume: 8441)* +- 🟥 110 minutes in: $182.77 / 154,54 € *(volume: 8268)* +- 🟥 105 minutes in: $184.01 / 155,59 € *(volume: 7879)* +- 🟥 100 minutes in: $184.07 / 155,64 € *(volume: 7150)* +- 🟥 95 minutes in: $184.28 / 155,81 € *(volume: 7052)* +- ⬜ 90 minutes in: $184.29 / 155,82 € *(volume: 6921)* +- 🟩 85 minutes in: $184.29 / 155,82 € *(volume: 6861)* +- 🟥 80 minutes in: $184.19 / 155,74 € *(volume: 6594)* +- 🟥 75 minutes in: $184.32 / 155,85 € *(volume: 6400)* +- 🟥 70 minutes in: $184.47 / 155,97 € *(volume: 6340)* +- 🟩 65 minutes in: $184.56 / 156,05 € *(volume: 6255)* +- ⬜ 60 minutes in: $184.37 / 155,89 € *(volume: 5958)* +- 🟥 55 minutes in: $184.37 / 155,89 € *(volume: 5905)* +- 🟩 50 minutes in: $184.44 / 155,95 € *(volume: 5795)* +- 🟥 45 minutes in: $184.06 / 155,62 € *(volume: 4661)* +- 🟥 40 minutes in: $184.10 / 155,66 € *(volume: 4511)* +- 🟩 35 minutes in: $184.71 / 156,18 € *(volume: 4442)* +- 🟥 30 minutes in: $183.98 / 155,56 € *(volume: 4161)* +- 🟥 25 minutes in: $184.68 / 156,15 € *(volume: 4125)* +- 🟩 20 minutes in: $185.17 / 156,56 € *(volume: 3533)* +- 🟥 15 minutes in: $185.06 / 156,47 € *(volume: 3339)* +- 🟩 10 minutes in: $185.60 / 156,93 € *(volume: 2721)* +- 🟩 5 minutes in: $183.51 / 155,16 € *(volume: 2136)* +- 🟥 0 minutes in: $182.87 / 154,62 € *(volume: 1210)* +- 🟥 US close price: $198.80 / 168,09 € *($181.40 / 153,38 € 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 1.1827. 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! +Being there it’s the new year, kinda wanted to start making changes and stop the ones that obviously haven’t worked. + +Generational poverty sucks and can’t wait to break free from it. But for me, something that I still can’t seem to understand his how immigrants can come here often with nothing, with no connections, a language barrier, no credit, no savings, no real skills, some with the inability to get a job legally and yet some of them are doing ok for themselves out they are they doing something special? + +I have nothing against these people, I’m actually surprised and happy for them but I’d seriously like to know. +Hey everyone, + +So we recently got NIO's 2020 Q4 and full year financial results. Some highlights include: + +1. $2.5 billion reached for annual revenue +2. Gross margins grew to 17.2% +3. Positive full year operating cash flow +4. $6.5 billion in the war chest as of 31st of December 2020 +5. Q1 deliveries expected to be above 20,000 EVs + +Overall, NIO has shown amazing improvements; they've definitely come a long way, and to anyone who can look at the results honestly, it's evident that NIO will be much higher in the future. One of the reasons I say this is because of what we're seeing from the media trying to spin this situation negatively; and while it is true that anxiety regarding semiconductors and batteries can limit NIO's production, from the information we have, it doesn't appear it will have much of an effect. + +In the earnings call, NIO's CEO Willie Li Bin (NIOgang's homeboy) said that NIO will be producing 7,500 EVs in the second quarter 2021 until July wherein the production capacity will increase to 12,500--meaning an annual 150,000 EV production; it's also knows that this will potentially double again to 300,000 in 2022--meaning 25,000 NIO EVs produced a month. + +It should also be knows that yes NIO's deliveries were down in February, but this is due to the Lunar new year holiday; literally people were not at work. But interestingly, NIO delivered 5,578 in February, beatings Xpeng's 2,223. + +If you go to some of the forums like Stocktwits or Twitter, there's bears/shorts deliberately trying to scare people to sell--as if what's written above is bad news. Here's the [link](https://www.cnbc.com/2021/03/02/chinese-tesla-rival-nio-chip-shortage-will-hit-electric-car-production.html) for the 'bad news' these fearmongers are dragging out. + +Take the supposed EPS miss by NIO: as the analyst Edison Yu points out, the EPS miss is misleading because it was actually due to the FX loss (the weak USD hurting NIO's cash balance). Basically not NIO's fault. Here's the [link](https://twitter.com/edison__yu/status/1366538414271660032) to his statement. + +The fact that NIO is ramping up production (remember that even at 7,500 this is more than their monthly deliveries in 2020); the fact that NIO has openly said they're entering Europe in H2 ([link](https://www.benzinga.com/news/21/03/19912404/nio-to-begin-exporting-evs-to-europe-in-second-half-of-2021-report)); the fact they have $6.5 billion now; the fact that production will be 12,500 from July, and 25,000 in 2022--all of these show how much of a winner NIO is, and why NIOgang will stay strong. + +But watching all the negativity, it definitely reminds me of last year around this time, before NIO went up over 1,000%. I think it could happen again. I think about it while I'm at work; and I remember that it was Reddit where I first found NIO, and NIOgang + +We've gotten fantastic news recently; don't let the haters drag us down. + +I like the stock. +Guten Morgen to this global band of Apes! 👋🦍 + +Though July 18th has passed, rest assured that as you continue to buy shares, you will receive the benefit of the split by dividend. +Anyone who owned shares as of close yesterday is entitled to the split shares directly, any shares that trade hands between now and the splividend will be accompanied by the rights to the shares. +While there was a lot of effort put into the FUD about this, I am confident that it is easily brushed aside as an attempt to reduce buy pressure for the next few days. +Clearly the SHFs know that they are in a hopeless position, and are desperate for any tactic to suppress the price. + +Yesterday's action placed GME firmly into the territory that has triggered the SHF panic mode recently, though I didn't see nearly as strong of a reaction this time. +Perhaps the value of their margin securities has also increased, enough that they still pass the test. +Perhaps they are desperate to own as many shares as possible this week, and couldn't sell to drive the price down. +Whatever the reason, there is little doubt that this continues to be an incredibly exciting week, and I cannot wait to see what happens next. + +Today is Tuesday, July 19th, 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: **$146.11 / 144,22 €** *(volume: 1007)* +- ⬜ 115 minutes in: $146.11 / 144,22 € *(volume: 1007)* +- ⬜ 110 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 105 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 100 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 95 minutes in: $146.11 / 144,22 € *(volume: 1005)* +- ⬜ 90 minutes in: $146.11 / 144,22 € *(volume: 996)* +- ⬜ 85 minutes in: $146.11 / 144,22 € *(volume: 974)* +- ⬜ 80 minutes in: $146.11 / 144,22 € *(volume: 967)* +- ⬜ 75 minutes in: $146.11 / 144,22 € *(volume: 948)* +- ⬜ 70 minutes in: $146.11 / 144,22 € *(volume: 939)* +- ⬜ 65 minutes in: $146.11 / 144,22 € *(volume: 938)* +- 🟩 60 minutes in: $146.11 / 144,22 € *(volume: 936)* +- 🟩 55 minutes in: $144.48 / 142,61 € *(volume: 696)* +- 🟥 50 minutes in: $144.47 / 142,60 € *(volume: 640)* +- 🟥 45 minutes in: $145.47 / 143,59 € *(volume: 585)* +- 🟥 40 minutes in: $145.60 / 143,71 € *(volume: 585)* +- 🟥 35 minutes in: $146.00 / 144,12 € *(volume: 431)* +- 🟩 30 minutes in: $146.09 / 144,20 € *(volume: 408)* +- 🟥 25 minutes in: $146.05 / 144,16 € *(volume: 396)* +- 🟥 20 minutes in: $146.06 / 144,18 € *(volume: 394)* +- 🟥 15 minutes in: $146.13 / 144,24 € *(volume: 390)* +- 🟥 10 minutes in: $146.13 / 144,25 € *(volume: 381)* +- 🟥 5 minutes in: $146.39 / 144,50 € *(volume: 305)* +- 🟥 0 minutes in: $146.40 / 144,51 € *(volume: 86)* +- 🟩 US close price: $146.64 / 144,74 € *($146.32 / 144,43 € 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! +Not just as a real estate investment, but as something that might be a borderline… hobby? I’m constantly debating if I want to RE “chubby” or “fat” and a small inn or even mid-7 figure hotel is one of the investments I’d seriously consider if I went for fat. I love the idea of creating an environment for memorable experiences, especially for families - would not have to be high-end. I’m really curious if anyone else has done something similar (from an owner’s perspective - not a GM’s perspective) and if they would recommend. +I want to live in Hawaii which has state income tax: 8.19% on the first 400k and 11% after that. I have an LLC (treated as an S-corp) that passes profits through to me. Adjusted gross income is \~3.5M/year, so it'd be \~350k/year for state income tax. Only residents pay that tax where residency means living there > 200 days/year. 350k/year is a whole lot, so much that I'd consider leaving every 6 months to avoid the tax. Maybe there are better ways? + +One idea is if I could somehow defer my income to the next year, then I could stay in Hawaii for the 12 months where I have no (or little) income. The next year I'd take the income from the previous year plus the current year, but only stay in Hawaii for 6 months to avoid the state income tax. 6 months after that I'd return and repeat the cycle. + +Is that reasonable? How might I defer my income until the next year? +What the hell are you guys doing with all this dumb conspiracy and team trading shit? + +The world isn't against you, you're just a garbage trader. You lost money because you fucking suck, not because of crime or manipulation. + +Anyone trying to get you to buy into shit and hold forever is just trying to dump on you. No one gives a fuck about you, they just want you to pump their bags. This isn't a team sport. + +Shut the fuck up about "owning the hedgies" while you exercise OTM options putting money in their pockets. It's possibly the dumbest thing you can do yet you keep advocating it. What the hell, at least take 3 seconds to learn about what you're doing with your Walmart paycheck. + +Also, no one fucking cares about your fucking 3 shares worth less than $100 total. Take some fucking risk and buy some options or shut the hell up. You stand to make less money than a fucking sandwich costs. A better risk/reward trade would be skipping lunch. + +This is the god damn stock market, if someone can take your money, they will. Stop being such easy marks. + +TL;DR: Apes get slaughtered, regards make money. Stop being apes, start being regarded. +I have been trading with binance futures for 3 months now and until now I have accumulated a loss of $1300. I know daytrading is a skill that takes time to master. +But I am so demotivated. What kept you going and when did you start making profit? +Just a fella in need of some motivation and realtalk +Think about it. We already won, nobody is selling. The only thing they can do is prevent more interest in GME so people don't buy. To paraphrase a common saying around here: The best way to kill your favorite hobby is to repel new and interested people. If you know nothing about GME and [horseshit like this get's 30k upvotes](https://www.reddit.com/r/Superstonk/comments/omf9q5/this_sub_has_no_integrity_if_red_and_madie_remain/), you would see it on the front page and probably think GME was a shit-show. Shills know this and they know that we are not selling. r/superstonk is up about 30k users this weekend. All they can do is upvote and downvote. They can't brigade on other subreddits anymore but if something get's to the front page that paints us as dramatic monkeys, that is a big L for us apes. + +TLDR: + +They are no longer trying to get you to sell. ALL is the target, not us established apes. Mod drama is not new FUD. We know better. Buckle up. + +&#x200B; + +Edit\* + +Thanks for the green crayons, apes. If you want to do something about FUD you can always sort by new and do some voting. The rule I use is "Would I want r/ all to see this", or "would this invite people to our cause". If you want apes to be excellent to each other, go sort by new and make sure people aren't pushing drama. +Many economists consider the 1998 inversion to be a false alarm because it was far ahead of the 2001 recession. + +It’s important to get as much data as you can because even though this research goes back 53 years, there are only 8 data points to work with. + +The cumulative average returns aren’t tragic like many bearish investors project as stocks increase 9.2% in the next 24 months after this inversion. The worst sequential period is from 24 to 30 months where they fall 5.7% on average. The bearish investors love to act as if it’s a sure thing that this cycle will end like 2008. + +[The Yield Curve Fully Inverts: Average Stock Market Returns, Recession Risk & Rate Cut Probabilities](https://upfina.com/the-yield-curve-fully-inverts-average-stock-market-returns-recession-risk-rate-cut-probabilities/) + + +[Yield curve stats](https://i.imgur.com/yK2eGiB.jpg) +Looking for some guidance on an idea that I have that I'm hoping some members of this community have experience with. + +For some background, I'm 23, going to make \~150k this year, and have always had an interest in being philanthropic and maximizing the impact that I can have. Now that I am starting to make more money, I want to plan so that my money in the future can have a more significant impact than if I were to just donate my excess cash today. + +My idea I'm toying with is to set up a private foundation to invest under. I would put 500-1000 / month in it for now and increase that as my earnings increase (also putting 10-15% of bonuses in this). I would plan on having it be a simple index investment (maybe an ESG fund but need to read more on those). The plan would then be once the fund hits \~1M in say 15-20 years, use the 4% rule to give out a yearly grant of \~40k (or 2 grants of 20k) to the two causes that I am most passionate about. + +My questions are mainly: + +1. Can I invest under a private foundation and not give out grants for a decade +? +2. Is there a more effective way to use this money philanthropically? +3. Would being under a 501(c)(3) let me give these grants without paying capital gains tax on the earnings? + +Any other advice or ideas would be greatly appreciated, thanks in advance for any help. +Good morning/afternoon/night depending on where you are in the world!! + +I've suddenly found myself in a position to invest 100 a month, into relatively anything but mostly into something that would provide me with a good retirement or at least easier living in my later years, I'm currently 30 so I have some time lol + +I already have a WS asscoint.but havent really used it, I don't have some money in Altcoins but I know that will never pan out lol, I'd also like maybe some.tips dividends if possible? +Any and all help is going to be appreciated!! +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. +We know that RH closes spreads on expiration if you are unable to take assignment of the short leg. + +What I've learned today is that they will close the spread even if it's not too close to being ITM and you have sufficient funds to cover assignment. + +The lesson cost me $22, and I'm sharing it here so you know how "free trades" work (in addtitoon to PFOF, etc.) + +According to their answer to my WTF email, they said that: + +"Only one leg is (at risk of being) in or at the money… We may attempt to close the spread" + +And + +"You cannot opt out of the risk check, and the risk check may occur more than 90 minutes before the market’s close on your spread’s expiration date due to numerous factors (including volume)." + +I understand the risk if only one leg is ITM at expiration, but if I have enough funds, why closing it? The did not say. + +More important, what does it mean" at risk of being ITM"? + +Rethorical questions, I assure you. + +What I'm sure is that these were not closed to HR market, but rather "internally" and that this "risk check" (particularly when an account has the funds to support assignment" is just a way to generate additional revenue. + +Just though it could add to the list of reasons why RH is a crappy platform, and why "free" is not free +Bit more heft to this story. I have a congenital breast deformity called "Tuberous Breast Deformity" otherwise known as Snoopy boobs. They're set really wide apart, with large areolas and they point way south with barely any tissue underneath. The doctor I found specializes in re-shaping the breast and then augmenting it. Because my breasts aren't "normal" it's extra expensive to get them done (a. reshaping and contouring and b. filling them in). + +What I have going for me: + +* Excellent retirement accounts from the company I work for, including a pension I am vested in. + +* I have investments with Betterment that are doing pretty well. + +* I make about $104K annual salary (sometimes higher with more per diem but this has been consistent for last 3 years) + +* I have 90K in my checking account + +* I have zero credit card debt. + +* My student loans are very modest + +* I am a homeowner in a nice part of NYC + +* Credit score is 805 + +-- + +Cons - $25K for a set of boobs feels like a lot of money. + +I have wanted breast augmentation since I was 15 years old. My shape and size make it so difficult for me to wear a nice bikini or even take my bra off during sex. I work out, I eat well and I have a nice figure otherwise (flat tummy, curvy hips and a nice butt) but my breast size and shape always made me feel like some sort of monster (more the shape, I could live with small boobs but these are tubes, not boobs). + +I'm giving you details and backstory to understand where I am coming from and that I have really wanted this a very long time. I could pay for these straight out, but I think I might do a 0% interest credit card for 21 months and pay in installments. I do keep going back and forth about the cost, BUT, I feel like I am pretty established and responsible otherwise. I guess I just want to feel justified in spending this much on my breasts. I've done my research, had my consultation and I really am seeing the best Cosmetic Surgeon in New York City. Any suggestions or pointers or advice would be much appreciated. + +Boob Snoo in NY + +**EDIT: I just want to say THANK YOU to everyone here for such supportive comments. I was bracing myself for the opposite (how foolish this would be! Wasting money, yadda, yadda, yadda) but instead I feel so validated in making this very personal, very private decision for myself. I couldnt exactly post this kind of thing on Facebook. I know you're all strangers, but big hugs to you anyway. I really feel supported and that's exactly what I needed. I am scheduling my appointment today.** + +“Even if the system turns out to be operated in a centralized or federated model -- which seems nearly certain at this point -- it would be a good stepping stone for people towards taking further control of their assets and identity and getting more comfortable with peer-to-peer payments managed from their own wallet. We started educating enterprises on the basics of decentralized technology about four years ago. I’ve said this before: if we don’t bring in the rest of the world, then I think we’ve failed.’’ - Joseph Lubin in [Bloomberg](https://www.bloomberg.com/news/articles/2019-06-18/crypto-chiefs-novogratz-allaire-say-facebook-coin-bullish-sign) +I recently moved to Australia, so I might've gotten some things wrong. Feel free to correct me, but these are my findings so far. I'm surprised at the lack of regulations around how lenders are tricking people out of their hard earned money in the name of loans. It feels straight out of a 3rd-world-country-loan-sharks-mafia story. The way how these lenders try to trick you (at least me) into these numbers is mind boggling. You could be the most educated person earning a handsome six figure salary but its still very easy to fall prey for these tricks. I just made some notes here. + +&#x200B; + +* Difference between interest rate & comparison rate + +It's at least good that there are these two different things in the first place. But if you don't look closely, in some places the comparison rates can be significantly higher (2x) than the actual interest rates. + +&#x200B; + +* Early exit fees +* Extra repayment fees + +Are you serious? Consumers must have the ability to repay their principal any day they want without thinking of paying any penalties. It should be a crime not to let them pay and it's also the financial institutions' job to teach people ~~about responsible borrowing~~ that they can borrow without any repercussions. + +&#x200B; + +* Application fees/Establishment fees/Origination fees? + +The most ridiculous fees I have ever seen. I pay extra fees just to do your daily job of assessing a loan application? What's with all these pseudo-names? + +>I: "Do you guys charge me the application fees?" + +>Loan guy: "Oh no no, we don't have any such ridiculous fees? I know some people do charge that, but they ought to be stupid to charge such fees." (Keeps quiet) + +>I: So, do you have any other fees? + +>Loan guy: "Yeah, we just charge a small establishment fees & an origination fees. But be rest assured we don't have the Application Fees. Also, your monthly payment is coming to about $648 only. So I guess that's a good sign. Right?" + +&#x200B; + +* Service fees on top of monthly payments/Ongoing fees + +I can't even imagine this. It's funny that its free to do a online bank transfer, but you need to pay someone to "check" your monthly payment? What kind of practices are these? + +&#x200B; + +* Redraw fees + +I do not have much experience with this. All I know is they do charge a very small amount if you wish to redraw on your paid principal. + +&#x200B; + +* Default fees + +Understandable, but some of them have some ridiculous numbers if you don't pay attention. I did get charged (elsewhere) once due to a glitch in the bank transfer network & never knew my default fees was so high until that day. I had to fight tooth and nail to just get that money back because there is not much I can do on a scheduled monthly payment that failed due to some network issue on the bank side. + +&#x200B; + +* Upfront fees + +For what? Seriously? If I pay extra money I know I get business class, but what the hell is this? There's only two ways out of it. Either I get approved or rejected. + +&#x200B; + +How are there no regulations around these fees? I am genuinely interested to know. The government's interests must lie around protecting consumer's from these unfair practices. I struggle to find them here. Feel free to add or correct me, but this is my impression after dealing with at least 4 lenders first hand. + +Edit: The government could mandate a specific form (Call it form 354) that the lenders must use when giving out loan quotations. It can have fixed fields like, Loan amount, interest rate, tenure, monthly payment, any other fees. + +Oh finally, for the love of god, please use credit unions (the 4% example I mentioned above). They are wildly unpopular here. I'm not even sure why. + + +EDIT 2: I removed a part of the text from above and pasted here below, just so the focus of discussion is understood. + +I was looking for a car loan and was surprised by the wide spread of interest rates for the same kind of loan from different lenders. It varied from 4% up to 28% in some cases. When I inquired how do I get one of these low interest rates, the dealer sales guy (offered 11% interest rate) is like, "Hey I paid 28% when I moved to Australia 25 years ago. I'd say this is nothing. You are new here & getting 10% I'd say is a pretty great deal." + +I asked a coworker & he mentioned that he thinks its a good deal too. He really seemed clueless on why he thinks 11% is a good deal. He dug up further only to realize he is currently paying 11% on a 20k car loan for 5 years. That's more than half the car price in interest. Let's not even get into depreciation yet. That's not for today's discussion. And on closer inspections, he has all these early exit, early repayment, etc etc. + +EDIT: I wanted to highlight all the extra fees padded with your loan, not about the interest rates. There are people of all literacy levels on the street. Not everyone is AusFinance smart. +[*^(https://i.redd.it/c3ldym8kmys81.png)*](https://i.redd.it/c3ldym8kmys81.png) + +***See video at bottom of post :)*** + +# EDIT: ATTN DEVS/CODERS: Please see u/PM_ME_A_FUTURE's comment [HERE](https://www.reddit.com/r/Superstonk/comments/u1augl/comment/i4bdoli/) and help if you're able!: + +https://preview.redd.it/rv4ikdysnxs81.png?width=1920&format=png&auto=webp&s=8ac6eb242a15386ceeb7d29bf9a3aa7048daea72 + +# = = = = = = = = = = = + +*ORIGINAL POST:* + +# See this LIVE for yourself [HERE](https://finance.yahoo.com/chart/GME#:~:text=Date%20Range-,1D,-5D) (just zoom in to 15 mins behind current time and the volume candle will be blank). Example: + +https://preview.redd.it/07wqy6c6cxs81.png?width=5151&format=png&auto=webp&s=72817a1d67cd55fe0171f5843a2c330708bc5cdf + +# I've been watching this in addition to seeing the Plunge Protection Team (PPT) in action (posts [HERE](https://www.reddit.com/r/Superstonk/comments/tl3jff/video_plunge_protection_team_in_real_time_again/) and [HERE](https://www.reddit.com/r/Superstonk/comments/t9l129/video_massive_sp_500_3474_billion_vol_glitch/)), and during market hours it's been constant: + +* No matter what the volume reads prior, as soon as the 15 minute mark hits, the volume candle goes blank/zero +* As soon as the 16th minute hits, the blank is filled in + * EDIT: Forgot to mention- u/bq87 comment [here](https://www.reddit.com/r/Superstonk/comments/u1augl/comment/i4b8unn/) reminded me: When the blank volume is filled in, the amount has changed every time from what it *was* before it disappeared in the 15th minute +* I also see it happening on a few other select tickers, but most do not do this +* None of the indexes show this volume gap, but as you can see in the linked PPT posts above, plenty of "invisible" volume can take place if they need it to +* EDIT: u/ryuukiba w/ great comment below [here](https://www.reddit.com/r/Superstonk/comments/u1augl/comment/i4b8320/): + * "15 minutes head start is more than enough to see moass start and then force a LULD circuit breaker..." + +&#x200B; + +# If we could ID a more complete list of all the tickers that exhibit this gap, I'm wondering: + +* **A)** Is 15 mins behind some kind of a market timing sweet spot that allows the most at-risk big players/market makers/etc in the market to rewrite trade history using their dark pools to operate 15 mins in the past in ways that allow them to stay "ahead" in emergency situations where they're about to risk catastrophic unlimited losses? +* **B)** 15 mins is a fucking ETERNITY in the age of high frequency trading algos, and it would basically make everything move in ultra-mega-slo-motion (bc it was *already* in mega-slo-motion ;) +* **C)** If so, maybe the tickers that exhibit this volume gap are the crucially held short & long positions of the most at-risk big players/market makers/etc...which, if true, would explain why **only those tickers** have a constant trailing minute of amnesia: Because those are the positions they would certainly need to manipulate if they were about to be in big trouble, no? + +&#x200B; + +# Here's the video: + +https://reddit.com/link/u1augl/video/80ivp2ox4xs81/player + +# P.S. I've got another post coming on the PPT using massive invisible volume on the S&P 500- should be a fun one just like the first two :) +Canadian National Railway Railway Co. is planning to make a roughly $30 billion topping bid for Kansas City Southern, KSU -0.43% according to people familiar with the matter, likely kicking off a bidding war for a railroad operator that has already agreed to a sale to another Canadian rival. + +Canadian National plans to offer $325 for each Kansas City Southern share Tuesday, including $200 a share in cash and 1.059 Canadian National shares, the people said. The offer represents about a 20% premium to Canadian Pacific Railway Ltd. CP -1.07% ’s agreement to pay $275 a share including $90 in cash, a roughly $25 billion deal reached last month. + +https://www.wsj.com/articles/canadian-national-plans-to-make-30-billion-topping-bid-for-kansas-city-southern-11618915544?mod=breakingnews + +———————————————————————— + +**I AM NOT A FINANCIAL ADVISOR** + +For the love of god, do not sell your shares of GME to buy some AMC. AMC is not in the same position that GME is in, and I firmly believe that the short cuck hedgies are pumping AMC to try and get FOMO buyers and GME holders to buy into it. Stay the course and HODL your GME shares! ITS THE ONLY PLAY + +Did you read HOC? THE ONLY WAY TO SEEK THE CHANGE IN THE FINANCIAL MARKETS IS TO HOLD ONTO YOUR GME LIKE THERES NO TOMORROW. + +Don’t fall for it. + + + +_________________________ + +Edit: I have voted already, but chose to keep my current flair. Additionally, for the last several months GME and AMC have been moving in sync... Is it not weird to you that AMC is suddenly having a +34% while GME is having a -1%? That is not normal, something fucky is happening. +This is the principle I've invested on, this is the principle I've thrived on. + +In early 2007, there were many of us who could clearly see a storm was coming. When you've got people saying things like *"they aren't making any new land, real estate can only go up forever!"* you know you've got irrational greed on your hands. And so I sold in 2006 and held 100% cash, because you should be fearful when others are greedy. And when the market tanked, I printed tendies. Just as many of you are printing tendies now. + +But after that precipitous drop in Oct. 2008, I turned around and began buying stock. Why? Because the sentiment of the market had changed. Because you should be greedy when others are fearful. I held that stock until 2018 and sold for another massive profit. + +Now we are seeing a near identical repeat of 2008. The bears have been rewarded for fearing the greed of the bulls. But things can turn around quickly. At some point bears become the greedy party, betting WITH the fear. People are still buying puts after a 30% down market. We've got people on sub predicting a complete financial meltdwn, millions ded, a new GD... I mean, anything is possible, but if you are betting on that, your greed is getting the best of you. + +**The point is to be neither a bear nor a bull, but a general contrarian of extremes in the market.** For the past several days, the extreme sentiment is clearly bearish, just as the extreme sentiment was extremely bullish a year ago. + +You all have printed your tendies, but now you are getting greedy. Fear has taken over the market, and so now I am buying that fear. I am converting from a gay bear to a bull, starting this week. + +Sure, the market will very likely continue to drop in the coming weeks or so... I will buy my way back in gradually, because I know I can't perfectly time the bottom. **The goal isn't to maximize every possible percent move of the market. Chasing that dream will make anyone broke.** The goal is to trade contrarian to market extremes. This week the market has become extreme bearish, and so I am reservedly bullish. + +**TL;DR - Your puts are still safe, but stop buying them. I'm not even buying calls, just going LONG on todays drop. And with every red day, I will be buying more, until the money is all gone.** + +&#x200B; + +EDIT: While the comments here are mostly negative, this post was received better than I expected, and is still 92% upvoted. I decided to follow up with an even more controversial take, one which won't be nearly as well received: + +[https://www.reddit.com/r/wallstreetbets/comments/fkftks/covid19\_spreading\_will\_improve\_public\_sentiment/](https://www.reddit.com/r/wallstreetbets/comments/fkftks/covid19_spreading_will_improve_public_sentiment/) + +&#x200B; + +Great comment from /u/Corndawg38: + +\>I think the general question of this thread is: Are we still bearish about this whole market? (personally yes I believe... slightly) + +\>But I think it's the wrong question... the question should be: + +\>Should we believe the continual drops are still going to be strong enough to justify the insane IV's we're paying right now? + +\>And I'm starting to veer toward... no they are not, not any longer. +Hello All, + +Im 25 y/o and work in consulting making $110k a year and about to purchase my first rental in the next month or so. + +I’m looking into switching careers and wanted your opinions on good corporate jobs or RE related jobs that would benefit my long term approach to REI. Thanks! +I made a post earlier about Melissa untying the hands of media then lightning struck. Please hear me out here... + +I can't believe it took me this long to think of it but this unchained the beast that is **RYAN COHENCurrent events...**Friday - Melissa says "Naked Shorts yeah..."Saturday - Naked Shorts is trending on Twitter and getting the attention of the general public.Sunday - CNBC plays CYASunday - Wes Christian gets a meeting with MSM. + +**Theoretical...** +Monday - Wes has his interview. +Tuesday - More attention to naked shorting. +Tuesday or Wednesday - Ryan Choen can clear his throat and raise his hand and say the following. +**Edit -** Sometime this week - Rule 005 drops. I figure if you are going to dream dream big. + +**"My company just had their annual vote. We counted XXX millions share when there should only be 70 million total. I think my company may have been subjected to some form of naked shorting. I would like to look into this. "** + +He can say this without fear of market manipulation because it is mentioning a crime that has just been brought up in MSM. This would also eliminate any issue of backroom counting deleting votes. It would also allow Ryan to mention the vote count without someone claiming it is market manipulation. + +&#x200B; + +I'm truly retarded and it's hard to stay conscious with all my blood headed to my nethers because this idea has made me giddy as a teenager on prom night. +In the last 24hrs approx 51% of the blocks added to the Ethereum blockchain were built by MEV relays that are regulated and censoring transactions as per OFAC regulations. This means that they will not relay transactions from tornado cash etc for inclusion in the blocks validators validate. + +[https:\/\/www.mevwatch.info\/](https://preview.redd.it/f1dzn4cq8tt91.png?width=959&format=png&auto=webp&s=3e84dfa2c2c0162eb7386621cbf6a8f250cd3833) + +**As of the last 100 blocks 56% were censored.** + +[https:\/\/www.mevwatch.info\/](https://preview.redd.it/rkddnloo6tt91.png?width=961&format=png&auto=webp&s=74b02d5c16709dd822001678a7351633fece5d6c) + +There are currently seven major mev-boost relays including Flashbots, BloXroute Max Profit, BloXroute Ethical, BloXroute Regulated, BlockNative, Manifold and Eden. Of the 7 available major relays only 3 do not censor according to OFAC compliance requirements. **OFAC compliant relays will not include any transactions that interact with the Tornado Cash smart contract or other sanctioned wallet addresses as designated by OFAC.** + +Not all blocks built by OFAC compliant relays are censoring, however, all blocks built by OFAC compliant relays will censor when non-compliant transactions are broadcast to the network. + +*How is this determined:* + +OFAC compliancy list for MEV relays is here: [https://github.com/remyroy/ethstaker/blob/main/MEV-relay-list.md](https://github.com/remyroy/ethstaker/blob/main/MEV-relay-list.md) + +*Why do* *~~Miners~~* *Validators use MEV boost relays?* + +Simply put, profit. Validators use MEV boost relays to "build" blocks that include a more profitable grouping of transactions as to maximise fee profit from the block. + +Before the merge we were told no protocol level OFAC compliance would occur and any attempt to do so would end with validators being slashed. + +[https://twitter.com/VitalikButerin/status/1559271315080679432](https://twitter.com/VitalikButerin/status/1559271315080679432) + +Vitalik himself said he would vote for: X + +>X) Consider the censorship an attack on Ethereum and burn their stake via social consensus +> +>Y) Tolerate the censorship + +We're over 50% compliance now and validators seem happy to continue using Flashbots and other MEV relay services, as they're more profitable, despite knowing full well they are OFAC compliant and will not relay Tornado cash and other transactions. + +This seems like OFAC compliance with extra steps. The validators themselves might not be doing it at a protocol level but they're actively using a secondary service to choose which transactions go into the blocks they validate. + +Slashing any validator using OFAC compliant flashbots when? +It's pretty soul destroying. I'm in my mid 30s, have been saving for a deposit for almost 15 years, sacrificing a lot in the process, have inherited a bit of money too - but still nowhere close to buying a home. Can only get a £190k mortgage and the cheapest homes for miles around where I need to be for work are £300k+. And that's for something in sketchy, undesirable areas that need a ton of work too (which I'm happy to do but don't have this kind of money). Yes.. I could buy up north but not an option right now due to career situation and family responsibilities. + +Do I just give up and sink more money into renting a nicer place, but save less/nothing? I want to get out of main London area and I'm absolutely sick of living in grotty houseshares. + +Edit: *I do not want to buy in London. I'm talking about buying in the general south or south east area* +(United States Of America) I started investing on birthday a week ago, and wanted to know some resources that I can use to increase my dividend portfolio. The stock market right now is very volatile being red but I kept my stocks. I don't have alot of money but I invest what I can. I have 1 share of VYM and KO. I'm in it for the long term but also want to enjoy myself with the dividend any advice on future shares, etfs, fundamentals, techniques? I get a dividend of 11 cents in October how would taxes work for that? Thank you +Im young (22) and still new to investing. I have been investing into SCHD and VTI in a non-advantageous fidelity account for a couple months now. I am looking for growth for the future. Is it pointless for me to have these funds in a regular account? Should I be putting these kind of shares into a Roth IRA instead? Any advice is much appreciated. +Anyone else watching him squirm? + + +[https://www.youtube.com/watch?v=22xc-oAeuAA&ab\_channel=ABCNews%28Australia%29](https://www.youtube.com/watch?v=22xc-oAeuAA&ab_channel=ABCNews%28Australia%29) +So, some really weird shit happened today with the stock of BBBY - Bed, Bath, and Beyond. Let's run through the events: + +At 3:22pm EST, this happened: + +&#x200B; + +[Huh, that's odd. The stocks been on a rampage all week.](https://preview.redd.it/60wfkn5iyci91.png?width=382&format=png&auto=webp&s=98955d6b261ac4072c5ba5749b51d3fe71fb40a9) + +&#x200B; + +[By end of day, these puts were worth over $4 each. A gain of $700,000 on $1.3 million. Of course, if the stock went down more before open, that gain could be exponentially larger.](https://preview.redd.it/tawpr8ugzci91.png?width=445&format=png&auto=webp&s=a69c59dbfcaf580e03b155a6e69eb2e82976b16f) + +At 3:33pm EST, this happened: + +&#x200B; + +[Image borrowed from u\/JOEBlDEN since he made such a nice one.](https://preview.redd.it/oqfkfmw1zci91.jpg?width=1900&format=pjpg&auto=webp&s=4df45fe13fb5f2e727a726e9d4c812be2473fe3b) + +&#x200B; + +So, someone spends over a million dollars on puts right before a very, very damaging headline comes out and gets copy-pasted everywhere before being "corrected"? Notice the time on the article has also been changed to 4:08pm EST - after the market closed. Huh, is there a name for this kind of thing? There is! It's called a ***Short and Distort.*** What is a Short and Distort? Let's read the Wikipedia Definition: + +"**Short and distort**" is a type of [securities fraud](https://en.wikipedia.org/wiki/Securities_fraud) in which investors [short sell](https://en.wikipedia.org/wiki/Short_selling) a [stock](https://en.wikipedia.org/wiki/Stock) and then spread negative rumors about the company in an attempt to drive down stock prices.[\[1\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-1)[\[2\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-2)[\[3\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-3) + +It is often performed as a form of [naked short selling](https://en.wikipedia.org/wiki/Naked_short_selling) in which stock is sold without being borrowed and without any intent to borrow.[\[4\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-4)[\[5\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-5) Once the stock price has declined, the investor uses the proceeds of the initial sale to buy a larger number of the company's shares than sold originally. Some of the newly purchased stock is used to fulfill the short-selling contract; the remaining shares are then offered for sale, which causes an additional decline in the company's share price. + +During the takeover of [The Bear Stearns Companies](https://en.wikipedia.org/wiki/The_Bear_Stearns_Companies) by [J.P. Morgan Chase](https://en.wikipedia.org/wiki/J.P._Morgan_Chase) in March 2008, reports swirled that short sellers were spreading rumors to drive down Bear Stearns' share price.[\[6\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-6) [Democratic](https://en.wikipedia.org/wiki/Democratic_Party_(United_States)) [Senator](https://en.wikipedia.org/wiki/Senate_of_the_United_States) [Christopher Dodd](https://en.wikipedia.org/wiki/Christopher_Dodd) felt this was more than [rumors](https://en.wikipedia.org/wiki/Rumor) and said, "This is about [collusion](https://en.wikipedia.org/wiki/Collusion)."[\[7\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-7) Chase was victimized by a similar "short and distort" scheme six years earlier when rumors arose about its purported relationship with [Enron](https://en.wikipedia.org/wiki/Enron).[\[8\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-8) + +In a December 2006 interview from [TheStreet.com](https://en.wikipedia.org/wiki/TheStreet.com)'s "Wall Street Confidential" webcast, [Jim Cramer](https://en.wikipedia.org/wiki/Jim_Cramer) stated that some hedge fund managers spread false rumors about companies to the media and trading desks to drive a stock down: " ...it's important to create a new truth, to develop a fiction."[\[9\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-9) Cramer said this practice, although illegal, is easy to do "because the SEC doesn't understand it."[\[10\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-10) + +Cramer said one strategy to keep a stock price down is to spread negative rumors to reporters he described as "the Pisanis of the world" in reference to CNBC's [Bob Pisani](https://en.wikipedia.org/wiki/Bob_Pisani). "You have to use these guys," said Cramer. He also discussed getting "the bozo reporter from The Wall Street Journal" to publish a negative article.[\[11\]](https://en.wikipedia.org/wiki/Short_and_distort#cite_note-11) + +Now, is a Short and Distort illegal? Well, let's check with the SEC: + +**Short-and-distort schemes violate federal and state law** + +The so-called short-and-distort scheme may violate the Securities Exchange Act anti-fraud provisions, as well as SEC Rule 10b-5, just like the better known antithetical "pump-and-dump" scheme. It checks all the boxes: (1) misrepresentation to the market (through articles, blogs and social media); (2) materiality (often including false statements about a company's financial condition or viability); (3) an intent to deceive (manipulating the market to create downward pressure on the share price to make a profit); and (4) connection to the purchase or sale of securities (initiating a selloff of securities to allow the short seller turned analyst to cover their short position). Likewise, this scheme may violate state securities and consumer protection statutes and common law. + +Huh, guess it is! You, know, it's kind of weird that Cramer's name came up in the Wikipedia definition. I wonder if he's ever said anything on camera about this specific kind of crime or committing it? + +[Oopsie!](https://www.youtube.com/watch?v=r07Gg92YjOI) + +Well, that's awkward. But at least Cramer hasn't been talking bad about BBBY or acting crazy about that particular stock lately. + +[Totally normal.](https://preview.redd.it/c98u4jnc2di91.jpg?width=1439&format=pjpg&auto=webp&s=1255e3eb8c268e24fbf2ffa2e5097af2d079b2d9) + +And he definitely didn't take a victory lap after the Short and Distort: + +&#x200B; + +https://preview.redd.it/gcvxt2z42di91.png?width=531&format=png&auto=webp&s=89f1cc8097769a68540e7701e4317bb8e55455fa + +And he absolutely, 100% didn't try to enhance the effects of it: + +&#x200B; + +https://preview.redd.it/00boo8rz1di91.png?width=598&format=png&auto=webp&s=d770a8ccf4d8dca75eb3ab6cb363b63aef638eca + +Man, what a WILD bunch of coincidences that just happened today with BBBY!! I can't believe it! Oh, and there's one more little question I've been wondering about. + +HOW THE FUCK DID SEEKING ALPHA GET THE GODDAMNED FORM 144 BEFORE IT WAS SEARCHABLE ON EDGAR!?!!? Also, speaking of that Form 144, two were filed today. Check this out: + +&#x200B; + +[Example 1](https://preview.redd.it/52symhrx2di91.png?width=560&format=png&auto=webp&s=7c5a5be5f816952ca386371dbdec46e5fd13abc1) + +&#x200B; + +[Example 2](https://preview.redd.it/syz0ia6z2di91.png?width=574&format=png&auto=webp&s=3c2898a0a97ff868afc5f1dc71f3578c5289893b) + +I'll let you all come to your own conclusions about how a form that was emailed to the SEC appeared early on a website in a short and distort attack with different spacing and capitalization. + +&#x200B; + +EDIT: well, fuck me if Cohen didn't make me look like a total jackass. +I’ve asked them to stop but they ignore me. Return to sender also has not been successful. Edit: I rung this company and was told it’s not junk mail and would continue. +The community sentiment on Raiden went south since we announced our token launch. + +It looks like a larger fraction of the community, than we had anticipated, has had the misconception that Raiden is ran by the Foundation. Instead we are a for-profit company that bets on the success of Ethereum. Although we tried to make this clear on our website from the beginning, the misconceptions are still to some extent our fault. We have not been good at providing frequent updates and clarifications to the community in the past. + +We are sorry for this and the disappointment and anger this might have caused when we announced a token launch. + +Let’s try to look at Raiden from **a fresh and neutral perspective:** Assume a company would announce today, that they are planning to bootstrap a global scalable, low latency and cheap micropayment infrastructure. And that they are building this as an extension to Ethereum that allows it to scale by a factor of 1000+ for token transfers and reducing cost by a similar factor while providing sub second latency. Thereby, they’re aiming to solve major issues for many existing Dapps while enabling even more new use cases. They have delivered a working PoC based on 100K+ lines of code and would then announce a token launch. Please stop reading if this would already turn you off. + +Still with me? Then let’s first take a look at the good aspects and then at the more controversial issues. + +**The Good:** + +* Their system is really needed and potentially adds tremendous value to Ethereum. + +* They are developing the software and make it available for free, open source and it can be used and forked free of charge by everyone. + +* They understood that a world wide payment network cannot be bootstrapped and maintained based on donations and without being able to set incentives for a multitude of players in the underlying ecosystem. + +* They also understood, that a rent seeking or otherwise monopolizing token might hinder adoption of the system and therefore don’t enforce a token at the core of the protocol. + +* They are instead willing to compete and bet on being able to bootstrap an off-chain ecosystem of services aligned around “their” token while not crippling interoperability. + +* They did not hype the project, they actually spent zero on marketing or on shills. + +* They didn’t do a pre-sale. + +* Their token sale allows everyone to participate on the same terms, providing certainty of participation (i.e. it will run for a few days at least) and valuation at the same time. + +* They didn’t grant the developers any free tokens, but instead let them only participate in the overall success of the company and have set a 4 year(!) cliff. + +Now on to the more controversial issues: + +**“No Token Needed!”** + +Assuming this refers to the question if a medium of exchange is needed at all in such a system, then the answer is: Yes, it is. Light clients need to access services provided by full nodes in a Raiden Network and pay for this (unless one is convinced that the backbone of a reliable global payment infrastructure can be provided by altruists who bear the cost). + +**“Why not ETH?”** + +This is an interesting question. We acknowledge that from an ETH holder perspective, getting the Raiden vision delivered for free as part of the Ethereum deal would be desirable. +At the same time Ethereum gets value from all innovations built on top that further the adoption of the platform. And these innovations would not exist, if Ethereum didn’t come as a system which enables to capture the value of a project in a dedicated token. + +**“Dutch Auction failed before!”** + +The Gnosis auction left many unhappy as the funding target was matched after only a few blocks. The Raiden auction will be different, since a fixed amount of tokens will be offered during the auction. This guarantees the auction will run at least for a few days and should allow everyone interested to participate and get the same final price, irrespective of the time of their bid. Consider to [take a look](https://medium.com/@raiden_network/the-raiden-token-auction-explained-1cc0c7946b26) before you judge. + +**“You are not able to bootstrap a global payment channel network!”** + +This issue was actually not raised. But I think this is the question that one should think about. What does it take to execute on the idea of building a global payment network on top of Ethereum? What would the impact of this be? Is a dedicated token or an auction really the deal breaker here? + +You don’t have to agree with the above or like what we are doing. +We’ll continue our work to scale Ethereum towards wider adoption - benefiting all of us. + +# Intro + +Recently I have seen a lot of posts on this sub as well as others that misunderstand the concept of money creation. Especially in the context of high inflation the idea of “printing money” as the source of our problems is being thrown around a lot. So I mainly want to explain how money is created in the real world. This is **not a theory** but rather a **simple description of reality**. + +For those interested in the topic I recommend [This Article](https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf?la=en&hash=9A8788FD44A62D8BB927123544205CE476E01654) by the Bank of England. It also is the main source for this post. For even deeper insights into monetary theory I would recommend [This Lecture Series](https://sites.bu.edu/perry/mb-lectures/) by Perry G Mehrling of Boston University. + +Feel free to correct me as I am just an annoyed econ student. + +## How money is created + +The idea of central banks printing money is pretty much just wrong. In reality money is mainly created by **banks making loans**. This does not involve the central bank at all. Their balance sheet increases (loans as bank’s assets; deposits as bank’s liabilities) and new money is created right there. You can spend what you borrowed while still owing the amount. **That’s it.** + +So banks do NOT loan the money you deposit. They loan NEW money. You can see this process visualized in the image below (taken from the Bank of England Article mentioned above). When you pay back a loan the money is destroyed (taken off the balance sheet). + +[From \\"Money creation in the modern economy\\" by the Bank of England](https://preview.redd.it/01pchfki6t091.png?width=352&format=png&auto=webp&s=7f356d178ff650937bf6ff1ea9bd9350d34601f5) + +Also the “reserve ratio”, which is the minimal amount a bank has to hold in reserves is pretty much irrelevant. This ration is meant as an average over a few months or so. It does not have a major impact of the amount of loans being made on a daily basis. + +## Limits of money creation + +The central bank sets the rates at which banks can borrow money. The banks need to make a profit, so they charge higher interest to their customers (like households and businesses). How much interest the customers are willing to pay depends on how effectively they can spend the money. During economic booms, people expect to be able to make great returns on their borrowed money by investing it (in new machines and such) so they are willing to pay a higher interest rate. + +Demand for money goes up → More loans are made → The amount of money increases + +Now the central bank can raise interest rates to limit the amount of loans that are profitable for the banks. This will decrease the amount of money since less borrowing happens. + +## Quantitative Easing [QE] + +QE is a relatively new phenomenon in monetary policy used when the central bank has lowered the interest rate to their effective lower bound. Especially they can’t go lower than 0% interest (in nominal terms) because people will simply not give them money at negative interest rates but just hold it in cash. Therefore the central banks have to get creative when they want to stimulate the economy in a zero interest environment. + +They do this by basically just giving money to companies. The central bank buys assets (using banks as financial intermediaries because companies don’t have accounts with central banks) from companies, again to stimulate investments and therefore increase economic output. + +Edit as requested by u/Resident_Magician109 : QE is closer to "money printing" since the central bank actually increases the size of its balance sheet. + +## TL:DR + +* The central bank doesn’t print money +* Commercial banks create money by lending money +* The central bank rate determines how profitable loans are, thereby limiting money creation +In what ETF can EU investors invest? Looking for something tracking the sp500 or the world index. Also considering something tracking the Eurozone. + +I am using InteractiveBrookers. + +Thanks! +Case and point - Invested 5k€ in eToro in Jan '20 which was the equivalent of 5.5k$. + +Closed my position this month with ~27% profit _(credit goes to the market)_ which translates roughly to 7k$. + +My issue is that when I exchanged the 7k$ back in €, I only got 5.8k€ which is actually only 16% return. This was due to the fact that the dollar depreciated against the € since Jan '20. + +This is something I did not take into consideration when I opened my positions in $. + + +So how do you hedge against this? + +One thing I'm thinking about is not investing in $, but the downside I'm seeing is that some companies are not on the European markets. +Case and point - Invested 5k€ in eToro in Jan '20 which was the equivalent of 5.5k$. + +Closed my position this month with ~27% profit _(credit goes to the market)_ which translates roughly to 7k$. + +My issue is that when I exchanged the 7k$ back in €, I only got 5.8k€ which is actually only 16% return. This was due to the fact that the dollar depreciated against the € since Jan '20. + +This is something I did not take into consideration when I opened my positions in $. + + +So how do you hedge against this? + +One thing I'm thinking about is not investing in $, but the downside I'm seeing is that some companies are not on the European markets. +My husband had some changes in 2020 to his medical coverage. We got hit hard in January and had to take a loan to pay for his special insulin. We changed it with the help of a social worker who busted her butt for us and found a way to get relief from the cost going forward. No medicine should be over 8.50 for a year! When I got the letter, I looked and it was backdated to January. When I called the pharmacy to ask if there was any way we could recover what I had to pay and they were able to help us rebill his medicines. We are getting back over 400.00 from the pharmacy!!! We can pay back the loan and it only took a wonderful person who researched for me! Read the fine print. It can make a major difference. + +Edit for clarification: Thank you all for your responses. This plan called "extra help" is for people on medicare insurance with astonomical costs even with insurance coverage. It will help pay all but 8.50 per month per medicine. His monthly out of pocket cost without any isurance for just one medicine (a special insulin) is 2700.00 called u500 made by one company who offers awesome payment plans for commercial insurance, under insured, and for children. The 400.00 we saved was for his medicare part d insurance annual deductible. Stay awesome reddit. Thanks for reading! +It’s one of my primary sources of stress. I can’t afford expensive monthly payments so I’m clinging onto my old 2009 car with a ton of miles praying it doesn’t die on me as I need it for work. I recently had to put work into it and it cost a pretty penny. I’m just tired of worrying about it, it’s exhausting +My buddy wants to meet for lunch every other week or so. While my RE date is set, I am still working, so I'm probably not too focused on cash flow at the moment. + +I mentioned to my wife that I'd probably stop having lunch every other week with my friend once I RE. She replied with "then don't retire. I don't want to live like that". + +She's totally right. We are spending that much money today and doing just fine. That does not change simply because we retired. + +Question for those who have RE'd already - do you think about this type of spending differently than when you were working? +The whole reasoning behind the government bailouts were to prevent an economic melt down because of the extent the major financial institutions were intertwined in the economy. + +If Sanders somehow succeeds what would happen? + +Or, what would need to happen first to allow them to disintegrate without an economic collapse? + + +Hello dear apes, + +first of all: u/millertime1216 and I and completely overwhelmed by your numerous feedback onthe DRSGME project. It's insane - THANK YOU! We are almost through sifting and categorizing the feedback. It has been very intense the last few days but your support and positive messages give us the motivation we need to keep going! + +We're sorry if we didn't answer every comment - it's just unbelievable. We receive feedback via DM, comment as well as contact form. I'd like to give you an update on the status on behalf of the [DRSGME](https://drsgme.org) team. + +We want to be 100% transparent and hope you will honor us on our journey to the moon together. We always need your feedback to get better. + +[Thank you apes!](https://preview.redd.it/8ctes27jmpo81.jpg?width=500&format=pjpg&auto=webp&s=5cc548bbc2d6e560253dea05470c5ea2b3063b57) + +It has become apparent that we need a larger team and people... You rock! so many experts and we have to choose the best candidates - this is not always easy for us, because we don't want to disappoint anyone! + +**These are our next tasks on the agenda:** + +* Targeted expansionof the team +* Professionalization of the organizational structure +* Clustering and prioritizing user feedback +* Developing target group definition and user journey +* Adjustments in design (we don't want to look like Computershare and we don't want to look like GameStop) +* Planning of marketing measures and planning of touch points ("which channels do we want to serve", "how do we advertise where?") +* Building the broker database +* Development of articles for the "Why GameStop" page + +**We have already identified the following lead category managers:** + +* Project Management and Strategy: u/pmxller +* Marketing & Advertising: u/Keichavik +* Content & Writing: u/Keldoz +* Broker How-to-Tutorials: u/da_squirrel_monkey + +Lead category manager responsibilities include coordination and delegation of sub-tasks. This means that the category managers will write to you monkeys - based on your feedback and comments according to your expertise. + +In the coming days we will create more posts on r/Superstonk, where we are looking decidedly for monkeys who can and want to support us. So stay alert and hungry! In the meantime, we appreciate every single share you guys register directly. + +Again, we're absolutely thrilled with your feedback. Let's do this! + +# CAN’T STOP WON’T STOP TIL THE FLOAT’S LOCKED! +I know what you guys are thinking, Hyundai and Apple released that they were partnering up to release an EV by 2024. Hyundai then backed away from those statements saying it wasn’t true. + +Now they’re confirming that there is a partnership and plan on inking a deal in March. Now connect the dots. + +https://www.google.com/amp/s/news.yahoo.com/amphtml/news/apple-hyundai-reportedly-planning-team-143953882.html + +https://www.theverge.com/2020/2/11/21133461/hyundai-canoo-electric-cars-partership-kia + +THIS IS JUST SPECULATION, DO YOUR OWN DD AND INVEST ACCORDINGLY. + +Update: + +https://www.theverge.com/2021/1/12/22225026/apple-canoo-acquisition-investment-electric-car-goev + +Looks like we have the upside on this!! +https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202211 + +30Y: 3.83% + +1M: 3.97% + +While the 2Y / 10Y has been inverted for quite some time, the 1M/10Y and 1M/30Y prices inverted within the past week or so. I've been keeping an eye on it, trying to grok the meaning of this "deeper" inversion. + +I'm not sure if I have much to contribute, aside from the standard "reliable predictor of recession", and all the other information that yall probably already know. Still, its probably worth bringing up the subject of yield curve inversions and the timing of recessions. + +I know a recession is "predicted" by these inversions, but I don't know if the "depth" of the inversion matters, or 1M vs 30Y has much difference than 2Y and 10Y. +My Dad fucked up his credit on purpose (not sure why). +He cant transfer the convenience store to my mom because she is his spouse. +I started working in a lab recently and want to pursue a PhD soon. But, the store license is expiring soon. A store without a license isn't worth much. +My dad wants to sell the store. He thinks its a waste of time and energy and money. So, he wants to get a license under my name and presumably then sell the store (it's been hard finding a buyer so no one knows how long that's going to take). +I don't want to do it. They are horrible at financial matters and shit at making decisions, and they've got a terrible track record to prove it. +But, I live under their roof. I am saving up to move out. I know they will guilt trip me and pull that whole “family supposed to be there for each other” “the older you are the more selfish you've become” - the works for a typical South Asian family. +If I confront them I also risk being kicked out. When my father and I fight it's always big. Its not the being kicked out part i wanna avoid, its the drama, the fighting, the stress, etc. +Our culture definitely makes a difference in this situation - and I'm hoping someone here knows a way around this. + +So! What can I do? Are there any alternatives? I've thought about freezing my credit reports but he'll just ask me to unfreeze and we are back at square one. +They are financially irresponsible and I don't want them to ruin their lives - they are also too immature to handle me confronting them and telling them I don't trust them without them either kicking me out or resenting me. + +It's really been stressing me out. +edit - unfortunately, I have to semi-debunk myself. thanks to u/kickaction who pointed me to take a closer look at some parts of the BBBY 10Q, and it seems like BBBY pretty much finished the share buyback at this point. u/kickaction, nice job getting into the statements of cash flows (my least favorite financial statements) and sorry about that everyone. that said, I wonder if the timing then is that 1) BBBY finished the majority of its promised buyback and then 2) RC loaded up on shares and calls. that in itself could still be significant and create major issues for shfs, again creating a roadmap to great upwards pressure. + +**TLDR – RC made a huge chess move on our behalf, on the premise that BBBY would keep its promise of an approximately 24 million share repurchase. BBBY appears to have failed to deliver, pissing RC off to no end. We were inches away from MOASS, and no one seems to have noticed.** + +I haven't seen anyone mention this, and I need someone to tell me I'm wrong, because what I found is potentially significant and insanely exciting. Please fact check me! + +What I believe is that RC made a move to recreate January 2021 on our behalf. Here’s my argument why I believe this to be true. + +Per BBBY in an announcement on Nov 2, 2021, BBBY planned to repurchase 400 million dollars’ worth of their approximately 100 million shares outstanding by the end of fiscal year 2021. This is a huge number of shares to be repurchased (around 25% of all shares outstanding!), and on top of that, it was a surprise accelerated timeline. Two years ahead of schedule, in fact. + +When is the end of fiscal year 2021? Around 3/1/22. + +If BBBY kept this promise, they would have had to have completed the repurchase by around 3/1/22 (the end of fiscal year 2021). At the high price within that time frame of around 17 dollars (11/27/21 to 3/1/22), **BBBY could have repurchased around 24 million shares**. But I don’t think they did! + +As of 11/27/21, shares outstanding was 100 million. As of 3/1/22, shares outstanding was 96 million. It seems BBBY only repurchased around 4 million. + +Is that why RC was so angry? + +Know who announced the share repurchase? Mark Tritton, BBBY CEO. Know who failed to deliver? Mark Tritton, CEO. Could BBBY have even afforded to keep to its plan? Yes, they had around 500 million in cash per their most recent 10k. (Also, I’m not sure buybacks even come out of cash and cash equivalents on the balance sheet. Someone will need to fact check me). + +On February 22nd, RC uses his 69th tweet on green shorts, perhaps thinking he just finished the fight with his play. However, he realizes that BBBY did not repurchase what they promised to. As a result, on March 7th, RC tweets about no more overpaid executives in the metaverse. On March 8th, he goes on his twitter offensive against BBBY and its expensive consultants. Coincidence? + +Here’s my working theory. RC, per his 13D, starts amassing shares and calls in the period between 1/13/22 and 3/3/22. He expected BBBY to do the same, on the order of around 24 million shares. **Talk about a wombo combo for all time.** Retail would FOMO in at some point, and BBBY is cheap compared to GME, so retail, even if mostly tapped out, would have as much power as the first time GME sneezed. If BBBY keeps its end of the promise, it’s the second impact (January 2021 being the first). A true finishing blow by a 4d chess master. One problem: Tritton didn’t hold up his end. + +Bringing this back to GME, BBBY would have led us up this time. The war would be fought on two fronts, and we would enter true endgame. It was so close; RC could taste it. And that’s why he’s been so frustrated. Looking through the historical echoes, I can almost taste it too. But man, it’s good to see how RC fights. + +**What a play. What a story. I can’t wait to see what comes next.** + +P.S. RC’s play may still work even with less shares coming off the table in the time frame between Q3 FY 2021 and end of FY 2021. We just have to wait and see if it will be enough pressure. + +Sources – + +[https://www.prnewswire.com/news-releases/bed-bath--beyond-inc-advances-1-billion-three-year-share-repurchase-program-within-fiscal-2021-301414529.html](https://www.prnewswire.com/news-releases/bed-bath--beyond-inc-advances-1-billion-three-year-share-repurchase-program-within-fiscal-2021-301414529.html) (BBBY repurchase plan) + +[https://sec.report/Document/0001193805-22-000426/](https://sec.report/Document/0001193805-22-000426/) (RC 13D on BBBY purchase) + +[https://tradingeconomics.com/bbby:us:outstanding-shares](https://tradingeconomics.com/bbby:us:outstanding-shares) (Shares outstanding as of March 2022) + +[https://bedbathandbeyond.gcs-web.com/static-files/75f0b6eb-d81b-4e08-bc8d-a42485d7d90a](https://bedbathandbeyond.gcs-web.com/static-files/75f0b6eb-d81b-4e08-bc8d-a42485d7d90a) (BBBY 10K) +Like I seriously just got a little 200 dollar check from unemployment. I had a sign of relief thinking I got some extra money to spend THEN I get a call from my school saying that I’m 2 months late on a student loan payment. And the amount is exactly 200 dollars :) Not to mention that paying this bill is only a DROP in the bucket of the amount of money I need to pay. What kinda sick game is this lol. +Hi Everyone, + +Continuing my post from the other day ([https://www.reddit.com/r/IndiaInvestments/comments/nc13oz/need\_help\_looking\_for\_monthly\_rolling\_returns\_of/](https://www.reddit.com/r/IndiaInvestments/comments/nc13oz/need_help_looking_for_monthly_rolling_returns_of/)). + +**Objective:** Find the appropriate asset allocation for long term investing + +**Approach:** + +1. For Modern Portfolio theory , used this method ([https://www.wealthfront.com/investing](https://www.wealthfront.com/investing)) +2. 10 Yr historical monthly rolling returns (2010-2019) of 'investable assets' - Large cap, Mid cap, Small cap, Gold, N100, GSec, Real Estate. Excluded Real Estate later as liquid, diversified investment method isn't available +3. Calculated covariance matrix, and used solver to optimize portfolios +4. Calculate the return of the suggested portfolio (Jan 2020 to Apr 2021) + +&#x200B;