diff --git "a/reddit_finance_43_250k_238.txt" "b/reddit_finance_43_250k_238.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_238.txt" @@ -0,0 +1,10000 @@ + +**Result:** + +|**Portfolio >>**|Max return|Mid|Low Risk| +|:-|:-|:-|:-| +|Risk factor|2.2|1.8|1.0| +|**Split:**|||| +|Gold|0%|10%|22%| +|Large Cap|30%|11%|14%| +|Mid Cap|35%|35%|5%| +|Small Cap|0%|0%|0%| +|Nasdaq 100|35%|35%|24%| +|G-Sec|0%|9%|35%| +|**Return (Jan'20 - Apr'21)**|46%|45%|30%| +||||| + +&#x200B; + +**Observations:** + +1. Gold is a winner! Wasn't expecting it be in the portfolio. But I guess, it's a good currency + inflation hedge +2. Midcap > Large cap. Went through the details and it seems midcap and nasdaq are inversely correlated. Hence, adding midcap lowers the risk + +**Notes:** + +1. Have accounted for expense ratios of ETFs/Index funds corresponding to each asset +2. Taxation wasn't considered +3. Max 35% allocation to a particular asset + +&#x200B; + +What do you guys feel? Think Mid works out well with a 80:10:10 split + +&#x200B; + +Warning: This is a theoretical exercise, and shared for discussion and getting feedback. This is not, and shouldn't be taken as investment advice +I'm researching MFs and have come to know about Index Funds. I read that these funds are safe since all they have to do is to follow the Index and not beat the market which is difficult to do. But what exactly does following the Index mean? How do they work and make money? Also, I am thinking of two Index funds, HDFC Sensex and Motilal Oswal NASDAQ 100. What are your thoughts on them? But is it safe to invest in Index funds when the market is down due to covid lockdown? Any and all help is appreciated. Thank you. +Today, I decided to take a look at possible reasons from a graphical standpoint on why we could be trading sideways for several months. Volume has dropped to nearly nothing, and we have been stuck in the 20$ to 30$ channel. + +&#x200B; + +https://preview.redd.it/v03su7c3pd4a1.png?width=997&format=png&auto=webp&s=9e6dd2b8b10b9f2b9355e7a4feb44ab0ff4c0f39 + +&#x200B; + +I have two theories why we are trading in this channel. + +1. 25$ is not too high to pay short interest payments on, but is high enough to slow down retail from locking the float via DRS for a 'known' time period. If we are locking it at a specific rate based on the price and purchasing power, they could theoretically figure out how long it will take us and are likely using psychological analysis and historical trends for how long movements last and are basically trying to wait us out. + +&#x200B; + +2) The stock price has converged with the average price of the shorts, so the oscillator has dampened, so to speak. This theory forced me to put on my tinfoil hat a bit, but it makes sense to me. I will walk through it using a series of graphs. + +&#x200B; + +Data for the graphs was all taken from here: + +[https://finance.yahoo.com/quote/GME/](https://finance.yahoo.com/quote/GME/) + +&#x200B; + +I am going to make the assumption (for the sake of this analysis) that naked shorting started in earnest on or around Jan 2015. I make this assumption since it was when the stock started it's long descent, and coincides with poor holiday sales and the mass transition to digital media. + +&#x200B; + +[Start date chart](https://preview.redd.it/u41fw7qi4e4a1.png?width=1459&format=png&auto=webp&s=1be4dc07f0eeed9a74ea228980fe7705f8aa5dbc) + +After that, I split up the chart into 3 sections, where I believe that the short interest shifted. The first rate was from early 2015 until Jan 27, 2021. The second rate was from Jan 8 2021 until Thanksgiving 2021 (when the Fed signaled rate hikes). The third rate is from that date until present. + +Each rate coincides with distinct changes in the way GME traded during that timeframe. The rates are also naked short rates, not just regular short volume rates. If I have a rate of .05, it means that 5% of the daily trading volume was added to the float as naked shares. + +&#x200B; + +Stocks being naked shorted typically follow exponential decay curves based on a naked shorting rate, assuming that the buy/sell ratio is stagnant over the duration (*obviously this an oversimplification*) + +https://preview.redd.it/1cvrgpi3wd4a1.png?width=1284&format=png&auto=webp&s=f760757e9836187a34439429ae3c2107043a35ee + +During the initial naked shorting rate period (Jan15-Jan21), I theorize that the naked short rate is between 5-10%. If the rate is any higher, the decay price would drop much quicker and it would have required a much greater than 50% buy/sell ratio to maintain the levels that it had. + +&#x200B; + +Here is a quick example: + +If the naked shorting rate were 25%, this is how the exponential decay chart would look (pre sneeze) + +[Exponential decay curve at 25&#37; naked short volume](https://preview.redd.it/s2tng1pkzd4a1.png?width=1018&format=png&auto=webp&s=5005df427a56cffbb8017fcdd8b908cbeca7e3e3) + +And now 5% + +[Exponential decay curve at 5&#37; naked short volume](https://preview.redd.it/kmebtdhtzd4a1.png?width=1018&format=png&auto=webp&s=94630b328e663ba95584e2e6fb38dafd13e9841b) + +&#x200B; + +Now I am going to break up the rates into 3 sections and show where the average short position is based on numerous scenarios + +&#x200B; + +For the first example, this is the chart that I believe most closely follows the actual numbers. I start with 5% up until the sneeze, go to 10% until the end of 2021, then increase it to a whopping 50% at thanksgiving. The current naked short position would be sitting at 25% on the nose. + +[0.05\/.1\/.5 Ends at $25](https://preview.redd.it/1zjc5n67pd4a1.png?width=1275&format=png&auto=webp&s=082c103bd77c99b2a078b56e6996a8965c732fe2) + +&#x200B; + +Now adjusting the rates around a bit, here are more examples: + +[0.05\/.2\/.3 Ends at $26](https://preview.redd.it/c2fg2hfcpd4a1.png?width=1270&format=png&auto=webp&s=0048a5545577b720d83b34a9953964308c6510bf) + +&#x200B; + +[0.1\/0.2\/0.5 Ends at $23](https://preview.redd.it/f4tjkj56rd4a1.png?width=1273&format=png&auto=webp&s=0a2c2c0a6a3b65e8d8c1276d9fdf0a98b1f7e9de) + +&#x200B; + +[0.1\/0.5\/1 Ends at $29](https://preview.redd.it/j6yt5l6crd4a1.png?width=1279&format=png&auto=webp&s=cfe39e65c0441882f655725979faed5f5d2211e3) + +&#x200B; + +[0.05\/.25\/.5 Ends at $29](https://preview.redd.it/cki88ahgrd4a1.png?width=1282&format=png&auto=webp&s=33b66d68d3b328a3be78902c4521b6283c6b9aca) + +And now here is an example if they stuck to the 5% naked short volume without change throughout the duration. + +[0.05\/0.05\/0.05 Ends at $17](https://preview.redd.it/8uc0zuh71e4a1.png?width=1281&format=png&auto=webp&s=7ece87835d0157a8783f6b5ead2ca4b457a57927) + +&#x200B; + +&#x200B; + +For the final chart, I am showing what the price would be with a 25% naked short rate off the bat, increasing to 50% after the sneeze. The average price would be around $21 + +[0.25\/.5\/.5 Ends at $21](https://preview.redd.it/s6mgxe5nrd4a1.png?width=1284&format=png&auto=webp&s=19a861008289b6612c61867e8b55a480692c1c60) + +&#x200B; + +Any way that I cut the numbers based on the initial date that I chose, the average naked short position converges into the channel that GME is currently sitting (and has been sitting for 3+ months). + +&#x200B; + +Please let me know your thoughts and if there are any other numbers or dates I should plug into my equations! + +&#x200B; + +If there are any glaring flaws, please let me know that as well :) + +&#x200B; + +TL;DRS - GME is sitting around $25 because it is either in a sweet spot to slow down DRS/not bleed the naked short sellers, or the price has converged to the average cost basis for the naked short sellers, or both. +Absolutely hate this crappy media outlet, their "news" is written by bigger retards than I am, and I am a big retard. +Looking through articles for GameStop, I really do get a sense that a lot of their "Avoid GME" and "Get out of GME Now" posts have been removed. +This is speculation on my part, and it is my opinion, but I used to see like 2-4 articles on meme stocks from these cunts every day, and I'm just not seeing that volume of articles in my 15-20 minutes of scrolling and searching. +Could be nothing, but could be because their articles will constitute manipulation in the DOJ proceedings, or even better the coercion would fall under Rico? Open to discussion, of course, as I have zero wrinkles on my brain, but I thought it would be interesting to delve into. +I have been running numbers in excel and also on a few online cost of living difference calculators, but I want something more concrete in terms of calculating value differences in the incomes. I know that housing is going to be the biggest increase in expenses, and the sticker shock of the apartments I am shopping for is indeed hitting me. + +I want to make sure that this is actually a raise after accounting for the cost of living differences before I accept or decline the offer... Any suggestions? + +Edit: **The job is in the south bay but I would be open to live anywhere within a decent commutable distance. I currently am living in Texas. It's a fortune 100 company, so I am also going to inquire about potentially receiving a living stipend or possibly commute help.** + +Edit 2: I have done some deliberating with my SO as well as my new boss. I was able to get a smaller pay bump and remain in Dallas for 3-5 months to save up a bit more capital and pay off a few of my higher interest debts, after which I will make the jump to the valley and move up to the originally offered salary. Thanks for the input from everyone, it was fantastic to have so much perspective on what to do. I think in the long run the opportunity to be in the heart of the tech world and put higher matched contributions into my 401k will be a better move. +https://www.wsj.com/articles/america-is-stuck-at-home-but-food-delivery-companies-still-struggle-to-profit-11589374801 +> +> The coronavirus pandemic handed food-delivery companies an unprecedented business opportunity: millions of Americans stuck at home, missing their favorite restaurants. +> +> Yet they are struggling to profit from one of the greatest food-delivery markets in decades. Companies including Grubhub Inc. and Uber Technologies Inc.’s Uber Eats division, are losing money on delivery orders or barely breaking even. And they say they aren’t sure how many diners will stick with delivery after stay-at-home orders are relaxed. +**DEBUNKED have a look at comments.** + +By u/keredion from r/GME. Felt like this needed to be cross posted. + +Few apes have been warning recently that brokers were NOT sending the votes. + +My experience with DeGiro was that they charged me the 10Euros needed to vote, they send me an email confirmation on 2nd June. + +But, on 3rd June they returned the 10Euros without telling me that they were not going to send the vote!! I sent them an email yesterday (when I realized about this) but they didn't reply yet. + +I checked because yesterday I saw that a french ape got a DeGiro email saying that due to "technical difficulties" they couldn't send the vote. + +THEY DIDN'T LET US VOTE!!! I'm quite sure it wasn't only DeGiro. SPREAD THE WORD PLEASE. + +Edit: I can't post in Superstonk, please let everyone know about this. These kind of worries were buried in the good DDs posted in both forums and we weren't paying attention enough. Now is the time to reach everyone and let them know that they didn't let us vote AT ALL (Technical difficulties....maybe they didn't have the shares since the beginning because there's no shares available!) + +Edit2: The way I knew something was wrong (the reason I checked and saw they gave me back the 10 Euros) was thanks to this post yesterday: [https://www.reddit.com/r/Superstonk/comments/nvag6o/degiro\_vote\_i\_am\_mad\_what\_the\_fuck\_is\_this/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nvag6o/degiro_vote_i_am_mad_what_the_fuck_is_this/?utm_source=share&utm_medium=web2x&context=3) + +**Edit3** + +By u/sh0w3n + +u/DeerLegal Update to my own post. I emailed DeGiro and called them. Email came back with a simple ''The fee hasn't been refunded''. + +Call showed me that if you login on the desktop, go to activity -> account, you can turn off something in the middle next to the dates (GMF (...)). That shows that it was an internal transfer and the votes have been casted. It is because your available funds are stored in a bank account rather than on your trading account. + +Maybe an False alarm? + +They only told him that they couldn't vote for him AFTER he e-mailed them asking for confirmation that everything went fine. I'm expecting the same answer. +Joe Brenner replaced Joan McKown in 2010 as the SEC's Division of Enforcement's Chief Counsel, after she served the SEC for 24 years. He left Wilmer Cutler Pickering Hale and Dorr LLP to take this position, where he was a member of the Securities Litigation and Enforcement Practice Group and was also the Vice Chair of the firm's Securities Department. Basically, he represented corporations and financial institutions against enforcement proceedings by the SEC and FINRA. Wilmer clients have included Goldman, Citigroup, Morgan Stanley, Credit Suisse, and others. + +From the SEC's website, the role of the Division of Enforcement's Chief Counsel is to "oversee the process of providing legal and policy advice on potential enforcement actions before they are recommended to the commission for approval". + +I don't know about you, but if I left a job defending my corporate buddies to move into government enforcement, and certain market situations came to a head and dictated that I now had to go after them, I would definitely consider quitting. Coincidence? + +Edit: I do not have any sources on why/how he left. Please put link in comments if you can find a reputable one. Maybe he just got bored of finance, who knows + +References: + +[Joseph Brenner Joins S.E.C. Enforcement - The New York Times (nytimes.com)](https://dealbook.nytimes.com/2010/11/10/new-gun-for-s-e-c-enforcement/) + +[The S.E.C.'s Revolving Door: From Wall Street Lawyers to Wall Street Watchdogs - Rolling Stone](https://www.rollingstone.com/politics/politics-news/the-s-e-c-s-revolving-door-from-wall-street-lawyers-to-wall-street-watchdogs-88000/) + +[https://www.sec.gov/news/press/2010/2010-218.htm](https://www.sec.gov/news/press/2010/2010-218.htm) + +[https://www.sec.gov/news/public-statement/statement-joe-brenner-081321](https://www.sec.gov/news/public-statement/statement-joe-brenner-081321) + +&#x200B; + +shoutout to u/Moleskin21 for posting the SEC article about him leaving on another subreddit + +Other Edits: a few minor word changes for clarity +Are there any “I wish I had known this” lessons before buying a 2nd hand car? Is it like houses where you offer below the asking price? + +I’ve never bought a car before... +Looking at autotrader, and looking at buying a car 2-3 years old. Probably approved used because I don’t know anything about cars... +Hi everyone + + + +As the title suggests, I have an addiction to gambling. This addiction is eating me alive. I've never done drugs in my life but my need to gamble is akin to a someone with a drug addiction needing a fix I imagine. + + + + + +My original problem spanned 2012 - 2016. That left me in financial ruin and I ended up on a DMP. Thankfully I kept the house and kept clean so my life returned to normal. This was when there was very loose restrictions and you could easily gamble £20k away in one night no questions asked. + + + + +Then 2020 hit and it reared it's head again, not on the same level (I have binges where I'll gamble for days/a week then won't for months) but don't confuse this with having control as I have none and no one knows about this relapse (everyone knew about the original problem). The only reason I'm not gambling as much as I used to is because the casinos won't physically allow me to and restrict my account when I deposit what they think is too much. + + + + +I haven't lost any money this time. Overall I'm up (I think) but my finances are like a constant roller coaster. + + + + +So 2 weeks a go I won £13k. I won it and walked away. Then yesterday and today I lost £5.5k. So as you can imagine, one minute my savings account is looking good and the next it takes a hit. + + + + +There's a fair amount of financial pressure on me and I absolutely hate not having savings and this is why I gamble. No other reason, no past trauma... I'm just greedy. I win decent amounts and want more and more and more and it disgusts me. + + + +I earn a liveable amount and can save. I also work hard. No one in a million years would think I'm a gambling addict. + + + + +I got blocked for depositing over £3k in one transaction tonight and I spent over an hour trying to get signed up to another site to, most likely, squander the other £7.5k of winnings from 2 weeks a go. It's almost like I want it gone. Thankfully no one let me open an account, well didn't let me deposit so I took a long hard look in the mirror and thought what have you become? + + + +How do you physically fix an issue with not being able to cope with not having a healthy savings account balance? If I could fix this issue, I could wave goodbye to this addiction. + + + + +I've done GA, gambling therapy, blockers, self exclusion, the whole lot but nothing works. It all comes back to me being obsessed with having lots of money that quite frankly I don't need. As long as I can pay my bills and live, I should be happy right?? So why on earth am I putting this mental and physical strain on myself to have excess cash? + + + + +For reference, I'm married and have 1 child who is disabled and I work a full time job and part time job. See even the fact I have 2 jobs shows my obsession with having money. It's so unhealthy. + + + + +Can anyone knock some sense into me about the fact personal finance is just that, what you as a person have is enough and you don't to strive for more and more? + + + + +Thanks for reading if you got this far +Hello Fellow Real Estate Investors. + +So a quick summary of my R.E.I. background. + +2015: Bought two family with mortgage - lived in one half + +2016: Bought another two family with mortgage moved into one half rented the other; rented the whole original two family + +2018- Bought a trashed 2-family with Cash, Rehabbed and rented - pulled equity out + +2019 - Bought a single family Cash - Rehabbed and Rented - Have owned for 4 months + +2020 - Bought Single family - Rehab underway. + +&#x200B; + +I have recently wrapped up my 4th proeprty with BRRRR (Buy, Rehab, Rent, Refinance, Repeat) and am currently working on the 5th. Now I want to keep this ball rolling on properties but have run into a speed bump that will slow down this process for me. Most lenders that will refinance my 4th property want a seasoning period of 6 months. This is causing me to leave a large portion of money tied up in the property for 6 months, stopping me from getting another property as quickly. + +So my question is: + +\- Do you know of any lenders that will work with a shorter seasoning period (3 months or less is ideal) + +\- Also, I'd love to hear what methods you have used to keep the BRRRR method rolling quickly and effectively. + +&#x200B; + +Thanks in advance! +I currently work landscaping for $15/hour part-time under the table since the company I work for is new. The company is obtaining a tax license soon and the owner asked me if I want to continue to be paid under the table or if I want to be on the books -- it is up to me. + +Any advice as to which option I should choose? +I'm 36 and not very good with investing. I have next to nothing saved for retirement, but at my last job, I made $135k. I have a low cost of living/home, paid off car, and would guess I'll still be above six figures in my next job (I'm currently recovering from an injury and just getting back to my job hunt). But, I have no wife, no kids, and don't really feel like at this age, that it's all that likely. So, I'm not saving for my family's future, I don't want a new house, car, boat, etc. (Although I'm sure I'll move at least once more in my life and will need a few more cars). I like to travel, but that's a once a year kind of thing. I guess retirement is all I'm looking forward to. + +I feel like I could use some help, but I know an advisor can be a bit of a waste of money. I just always get lost when looking at my investment options. I'm getting bombarded by ads to find an advisor, and I feel like it could help. + +For those wondering why I don't have money saved up at this point in my career, some external issues led to me having a ton of credit card debt at one point, which I'm now free of. In addition, I had some unemployed stints, and two years where I worked part-time as a consultant, where a 401k was not available. + +Thanks in advance for thoughts. +I know...no positions, but I am a xxx share ape who will wait for the x share apes to get their tendies first. + +Word is bond. This is the way. + +Not financial advice. I am not a financial advisor. I just really like the stock. +So my boyfriend and I are planning to start trying for a baby in about a year's time - yay. However, I'm also aware kids are a huge financial commitment so I want to be sure we've thought everything through. + +Would it be sensible to save for a 'baby fund' before I get pregnant? If so, how many months expenses is reasonable? I'm assuming the first few years will be particularly expensive due to nursery costs. Also, how have people utilised maternity leave/shared parental leave? I would like for both of us to have some time off with the baby at some point but not sure how financially feasible this is. I'd be very grateful for tips/advice/experiences :) + +For context, we both currently work full-time (boyfriend's a teacher, I'm a social worker but will soon be starting a new job in a school). We live in Zone 3 in London and currently have a mortgage on a one-bed maisonette (considering extending this to create a second bedroom). My mum lives nearby and is very supportive so will hopefully help a small amount with childcare but not loads as she also works part-time. +Seriously. Take a step back for a second and look at yourselves. Everyday I come to this sub for entertainment and not once have I ever been disappointed. The undeniable reality is that the market does what it does and nobody understands why, yet every other motherfucker in every comment section is certain about where the market heads next. “This is definitely a bear market rally. But also maybe that was the bottom. But we’ll probably see new lows by January.” Do you idiots ever pull your heads out of your gambling addict asses and realize that your basing all of your financial decisions on blind conviction? Every time I see another genius in these threads commenting with certainty about where the market’s headed, all I can picture is Adam Sandler telling Julia Fox “I’m gonna hit so big, baby,” and we all know how that ended. + +Seriously, I was reading a comment by some degenerate moron yesterday about how many puts he bought after the media reported missiles over Poland. Before this fucking idiot even gets conclusive reporting, he’s dumping his wife’s IRA contributions into NVDA puts in one of worst tech bear markets in history, all while feeling low key excited by the prospect of WW3. Pathetic. Also notice I’m assuming “he,” that’s because no woman on earth could possibly be capable of such meat-headed idiocy. Seriously. You’re all fucking unbelievable and you’ll never win this game long term with such degenerate, irrational behavior. + +Positions: All in PLTR, loading QNT XRP BTC on FTX collapse news. This is the bottom. +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) +When I first started investing I thought it was a good idea to look at the market movers at the start of the day and buy the stock that was flying up in the small caps. + +Buying high and selling low at its finest. + +I was lucky to get away with it once that made up for all the other loses I made. + +What dumb shit have you done fellow retards? +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. 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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/EKU2tVBp9u) +Anyone here live in a rural area and finding prices going up - especially lifestyle blocks with large landholdings? + +It seems all the cashed up city people want to come and live the idyllic country dream. Suddenly living in the country is making a lot more sense during a pandemic. +Not sure if this is the right forum for this question, but I'm hoping someone here can shed some light or direct me to the right subreddit for this. Since I can't afford to consult a lawyer at this time.... + +&#x200B; + +My company was forced to announce paycuts as a result of COVID19 lockdown. The pay cuts will be valid for one year (until next March 2021) with for a lump sum payment of the cut amount in March 2021. Now the company has offered employees the option to forego a cash payout of the amount and instead take company shares in the form of Stock Appreciation Rights. However, from whatever I'm reading about SARS vs. ESOPS, with SARs you only get the appreciated value of the share at the time of selling (IPO, takeover, funding, etc). + + +So let's say I am due an amount of Rs. 1.5L, I don't think SARs will benefit me. Because for me to make a profit on this, the 1.5L worth of SARs has to appreciate to a value of 3L or more (since I would only get the difference between appreciated value and original value). + +&#x200B; + +Am I understanding this correctly? So if I had to make a choice, should I go for cash payout of 1.5L in March 2021 which I can invest later or SARs worth 1.5L? + + +On 17th October, Reliance Industries Ltd (RIL) came out with its financial results for the second quarter (Q2) of FY18-19 results. However, more than the numbers, the buzz was created by its announcement of plan to acquire 66% stake in Den Networks and 51.30% stake in Hathway Cable, which will lead to consolidation in wired broadband space just like the telecom space. + +But what is interesting is some people may have known about this information and acted on it and pocketed huge gains. The price action of these two stocks before the announcement points to a clear-cut case of insider trading. + +From the end of August, the scrips of Hathway Cable and Den Networks have risen a whopping 57% and 53%, respectively. That too when the Nifty is down 11% and the Small Cap index is down 21%.  + +&#x200B; + +[https://www.moneylife.in/article/insider-trading-in-hathway-cable-and-den-network-will-sebi-investigate/55583.html](https://www.moneylife.in/article/insider-trading-in-hathway-cable-and-den-network-will-sebi-investigate/55583.html) +So here's the situation. I'm not happy with my current job and have a very in demand skillset, so finding new work will be extremely easy. What's keeping me here is the pension. I'm about 9 years away from having a pension locked in that will set me up for retirement with something like 85% of my current salary when I reach the appropriate age. Currently, I contribute 10% of my income to the pension and my employer adds 12% + +I started a job search about three weeks ago and I've already gotten a few offers that pay upwards of 35% more than I'm making now. If I put 25% of the new income in a 401k or similar, I'd still be putting away more than I am now, but I'm torn about the two retirement plans. Am I crazy to leave the pension before I've got it filled out? + +&#x200B; + +EDIT: Thanks for all of the help to those that contributed advice. I think I'm going to pursue the new job and plan to put away at least 25% for retirement. At the higher salary, that will be a larger contribution than I'm making now and still leave me with more cash in pocket at the end of the day. +Hello, everyone! First-time poster here! I've spent the entire work day Friday reading dozens of SEC filings and found some bullish evidence as to why Ryan Cohen (RC) sold all his Bed, Bath & Beyond (BBBY) shares. First, I will state my thesis and then provide my evidence. + +&#x200B; + +**THESIS:** Due to the legally-binding agreement between RC and BBBY filed 03/24/2022, RC must sell his entire position in BBBY (thus renouncing his beneficial ownership) if he wishes to propose, participate, or even speak about any merger, acquisition, or other extraordinary business transaction involving BBBY. Based on his initial public letter to the BBBY board as well as his comments during the following press release, I have reason to believe BBBY will sell buybuy BABY to RC and/or GameStop. + +&#x200B; + +On March 6, 2022, RC wrote to the board of BBBY after buying 9.8% of the company's stock. + +&#x200B; + +[https:\/\/s.wsj.net\/public\/resources\/documents\/bbbletter030622.pdf, Page 1](https://preview.redd.it/f9s1udyo6si91.jpg?width=1960&format=pjpg&auto=webp&s=0de6a0cd484bf646d64eb56a34c30b40e3e4e935) + +He went straight to the point: Bed, Bath & Beyond's current business strategy was complete garbage. BBBY's executives were being paid a ridiculous cash compensation when measured alongside its market capitalization, its debt was spiraling out of control, and some assets under BBBY that actually have deep-FUCKING-value were being underutilized to an asinine degree. + +&#x200B; + +So, as the activist investor RC is, he provides some extraordinary business suggestions. I won't go into detail with all of them, but the one I'd like to focus on is the 2nd: the monetization of buybuy BABY (BABY). + +&#x200B; + +[https:\/\/s.wsj.net\/public\/resources\/documents\/bbbletter030622.pdf, Page 3](https://preview.redd.it/pfi6g4fw6si91.jpg?width=1943&format=pjpg&auto=webp&s=bbeba64c27a6cf1fdd9c1b5a2c861b6662596c85) + +He iterates that the full or partial sale of BABY would help save BBBY's from its own debt catastrophe all while letting BBBY continue to reduce its share count. An alternative would be to have BABY be a spin-off company. Yes, this would bring more value to BBBY shareholders, but this strategy won't bring immediate relief to BBBY's balance sheet. Nevertheless, these two options would be very rewarding in theory, but I digress. + +&#x200B; + +After much deliberation, BBBY and RC came to a constructive agreement on March 24, 2022. The terms of the agreement were filed by BBBY as a Schedule 13D to the SEC: + +&#x200B; + +[https:\/\/bedbathandbeyond.gcs-web.com\/static-files\/0f2a4bcb-6a87-4eef-b776-3963071df04d, Page 7](https://preview.redd.it/47317u727si91.jpg?width=2023&format=pjpg&auto=webp&s=d889788f0a8f452c422f19e261676d8a760eee7e) + +Here is the introduction and list of recitals. Recitals are, in essence, set the underlying assumptions and foundations on which the agreement is legally-binding. This is spelled out in the first sentence of the last paragraph in the image above: + +&#x200B; + +>NOW, THEREFORE, *in consideration of the foregoing premises* \[i.e. recitals\]..." yada yada yada, "...the Parties \[RC and BBBY\], intending to be legally bound hereby, agree as follows: + +&#x200B; + +So the agreement is legally-binding as long the recitals are held true. I highlighted three of them and you all can read those for yourselves, but I will emphasize the 2nd one: + +&#x200B; + +>WHEREAS, as of the date hereof, RC Ventures beneficially owns Common Stock..." yada yada yada, "...of the Company \[BBBY\] totaling, in the aggregate \[i.e. if all options were to be exercised\], 9,450,100 shares... + +&#x200B; + +Aha! It appears as though RC is bound to this contract as long as he's a beneficial shareholder of BBBY. This peaked my interest, so I decided to parse through the agreement. Towards the end of the agreement, however, the main M E A T of the cooperation agreement is eloquently summarized by the attached press release found at the end of the same SEC filing: + +&#x200B; + +[https:\/\/bedbathandbeyond.gcs-web.com\/static-files\/0f2a4bcb-6a87-4eef-b776-3963071df04d, Page 22](https://preview.redd.it/euqnogl77si91.jpg?width=2021&format=pjpg&auto=webp&s=6971755842a16e295cd20b9b546d4a9e5f95a826) + +The agreement consists of two parts: + +&#x200B; + +>\[BBBY\] Appoints Three New Independent Directors to the Board with Finance and Strategy Experience + +&#x200B; + +>\[BBBY\] Announces a Four-Member Committee \[two of which were chosen by RC\] of the Board Focused on Exploring Alternatives to Unlock Greater Value from buybuy BABY + +&#x200B; + +RC's three new independent directors were added to the board and even remained there after the 2022 annual meeting: + +&#x200B; + +[https:\/\/bedbathandbeyond.gcs-web.com\/static-files\/0f2a4bcb-6a87-4eef-b776-3963071df04d, Page 22](https://preview.redd.it/liofpsh97si91.jpg?width=2025&format=pjpg&auto=webp&s=a20d02f5dbb0175fc17a4018e23dcfb54051d999) + +[https:\/\/bedbathandbeyond.gcs-web.com\/corporate-governance\/board-of-directors ](https://preview.redd.it/atdgc2ka7si91.jpg?width=1336&format=pjpg&auto=webp&s=a172050e71b77ea5802ded06c52f7862b65c845f) + +And the second part has two of RC's hand-picked directors joining two others in forming a Strategy Committee whose main goal is to weigh the different suggestions RC listed out in his original letter to the BBBY board: + +&#x200B; + +[https:\/\/bedbathandbeyond.gcs-web.com\/static-files\/0f2a4bcb-6a87-4eef-b776-3963071df04d, Page 22](https://preview.redd.it/q2pud7gc7si91.jpg?width=2026&format=pjpg&auto=webp&s=d58b10c6c9bcb58af3315ae19705f956a46bb1a6) + +Lastly, the press release ends with comments from the the Chair of the Board, Harriet Edelman, and RC himself (along with a comment from the then-CEO, which is not relevant here). Edelman made an interesting remark: + +&#x200B; + +[https:\/\/bedbathandbeyond.gcs-web.com\/static-files\/0f2a4bcb-6a87-4eef-b776-3963071df04d, Page 22](https://preview.redd.it/kvfkh6ph7si91.jpg?width=1973&format=pjpg&auto=webp&s=4ed852b0d26b4ed7f180c9552127698fb2fb1b07) + +Not that the highlighted sentence is almost, one-to-one, the same as the highlighted sentence from the recent 8-K filing made by BBBY concerning the drastic backlash against Ryan Cohen for selling his shares: + +&#x200B; + +[https:\/\/bedbathandbeyond.gcs-web.com\/static-files\/5f25ce43-4bf4-41ea-ac61-7b6b9fd7867e, Page 2](https://preview.redd.it/yrpvhcgi7si91.jpg?width=2006&format=pjpg&auto=webp&s=6e2ef9bced298ebbde764790066effbb951aa057) + +Before we get to RC's comments from the press release, note that BBBY plans to announce more information concerning its financials/balance sheet (and probably its extraordinary plan involving BABY) before the end of August. The timing of RC's BBBY selloff is starting to make more sense. + +&#x200B; + +Let's continue. RC made the following comments during the BBBY's late-March press release: + +&#x200B; + +[https:\/\/bedbathandbeyond.gcs-web.com\/static-files\/0f2a4bcb-6a87-4eef-b776-3963071df04d, Page 23](https://preview.redd.it/r448rsqy7si91.jpg?width=2016&format=pjpg&auto=webp&s=4b10655a79bf630a45d82679078ee09eef70c512) + +So, we can deduce that the four-person Strategy Committee is going over the alternatives RC provided in his initial letter to the board. He makes this especially clear by making the statement highlighted in orange above: + +&#x200B; + +>I appreciate that management and the Board were willing to *promptly embrace our ideas* and look forward to supporting them in the year ahead. + +&#x200B; + +It seems as though BBBY has been seriously considering RC's suggestions. This is huge. "But," you ask, "what does this have to do with RC selling now?" The answer to this question can be found in the section of the Cooperation Agreement pertaining to the Standstill Provision for RC: + +&#x200B; + +[https:\/\/bedbathandbeyond.gcs-web.com\/static-files\/0f2a4bcb-6a87-4eef-b776-3963071df04d, Page 12](https://preview.redd.it/sqzi5y229si91.jpg?width=2023&format=pjpg&auto=webp&s=c23cc7a2455343e3e0b73c4cae742af05db9061a) + +The Standstill Provision essentially restricts RC and RC Ventures LLC from doing certain actions. In this particular agreement, the Standstill Period ends the earlier of date (x) or (y), as defined in the above screenshot of the agreement filing. Simply put, the end should take place sometime in 2023. Hence, RC would still be in the Standstill Provision if he still had his BBBY position. + +&#x200B; + +The most interesting Standstill Provision is Provision (vi), which reads + +&#x200B; + +[https:\/\/bedbathandbeyond.gcs-web.com\/static-files\/0f2a4bcb-6a87-4eef-b776-3963071df04d, Page 13](https://preview.redd.it/9aippdq1esi91.jpg?width=2022&format=pjpg&auto=webp&s=b26635afac8c86b91115feded23223ae5ac3cf1d) + +This is the final piece of the puzzle! I'll emphasize the highlighted sentences: + +&#x200B; + +>(B) make any offer or proposal (with or without conditions) with respect to any merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, business combination or *other extraordinary transaction* involving the Company + +&#x200B; + +>(D) publicly comment on any third party proposal regarding any merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, business combination or other extraordinary transaction with respect to the Company by such third party + +&#x200B; + +If RC still had his shares of BBBY, he could not make any offer on behalf of RC Ventures/GameStop to acquire (at least partially) buybuy BABY thanks to Provision (vi)(B). He couldn't even PUBLICLY COMMENT on it! This is huge! + +&#x200B; + +This pretty much wraps it up: RC/GameStop couldn't acquire BABY right now unless he sold his shares (thus stripping him as a beneficial owner) as laid out by the Recitals of their Cooperation Agreement. That's why RC sold his shares right before BBBY makes a big update at the end of this month. +I am looking to buy some shares in BooHoo. I am new to all this share buying, and keep reading about the bid/buy spread. After trying to understand it all yesterday, I still don't get what the big deal about it is. + +I understand the narrower the spread, the more liquid the share is. In BooHoo case, on LSE.co.uk the spread is 0.6 (218.9/219.5). At this point, I am struggling to understand if this is good or bad. Does the 0.6 mean it's not a stock to buy, or it is. + +If someone can help me understand using BooHoo, what I am missing on understanding the spread, I would really appreciate it +Cheers +I bought a lot of Just Eat shares last year expecting the company to do quite well during the covid lockdowns. However when reading the latest annual report (17.03.21). Although the company revenue has increased by 344% from last years, the company is still operating at a loss... To add to that, the share price is steadily falling since Oct 2020. + +Not sure what I make of this whole situation. Not looking for any definite answers, just want the opinion of my fellow investor colleagues on the matter. + +1. Should I hold to the shares? Just Eat merged with [takeaway.com](https://takeaway.com) last year and is also trying to get into US with Grubhub, are the losses just because of the aggressive expansion strategy of the firm or just a bad business model? +2. Should I just sell now and try to cut losses and reinvest in bitcoin/companies/index funds? Already at around -20%. +Want to invest in a strong tech company as the tech sector in my portfolio is underweight and since the uk has very little to offer I am thinking of microsoft. But with the price shooting up to all time highs and well above fair value, is it still a worthy choice in peoples opinions? +*Edit 1: I typed this post up for* [*r/GME*](https://www.reddit.com/r/GME/) *originally, however, in light of recent events I think posting it here might be a better choice. “The Great Migration” that just occurred is our chance to fix everything we didn’t like about the last sub and make* [*r/SuperStonk*](https://www.reddit.com/r/SuperStonk/) *our long time home. One of the main problems I had personally with our last sub was the echo chamber mentality we began to allow. I am completely for downvoting FUD, it has no place in our community. However, just because something isn’t overtly pro-GME doesn’t mean it’s FUD. Read it, digest it, and use it to further analyze this ever changing situation. I’m excited for our future here. Therefore, I’m going to try to lead by example with this post.... let’s see how everyone responds.* + +&#x200B; + +I first want to preface this with a couple of disclaimers so when I see comments about the exact things I’m about to disclaim, I’ll know for certain who did or did not read. (And I’m sure the disclaimer alone is longer than many apes care to read, TLDR at the bottom for you beautiful, simple beings 🥰) + +&#x200B; + +* I’m an idiot. I would use another word that I’m sure would describe my mental capacity much better but I think you apes get the gist. Generally speaking, I don’t post long thought out DD because “brain no werk gud” so... be gentle. +* I’m a very patriotic individual (actually actively deployed to Afghanistan as a part of the US Army as I write this). I love the US and am prepared to die for it. That being said, it’s important to identify faults in our own country and work to fix them. In no way am I trying to say that the US is even close to as authoritarian as China (“where the fuck is this guy going with this...”), however I use China as a comparable example because it assists in describing a potential non-MOASS endgame. +* I’m balls deep in GME and fully believe in the MOASS. Remember all those posts saying “don’t invest any more than you can afford to lose”? Yeah, I kinda treated those the same way I treated girlfriends advising me to use a condom: “I would butttttttttttttt..... it feels so much better to just do what I want so fuck that.” I want the MOASS just as much as everyone else; however, I want to propose a potential scenario that could occur. Plz don’t hate fook me mods +* I feel like this is as much of an anti-DD that can be done considering all numerical indicators from the past couple months point to an inevitable MOASS (so no I won’t change the flair 🤨). + +&#x200B; + +Holding for months on months and through all sorts of volatility has forged diamond balls on many of us - so much so that my wife has permanent bruises all over her body from them (don’t worry I told the cops her boyfriend hit her 👍🏻). So if you have made it this far I am so proud of you already. And I don’t mean for what I just talked about, I mean if you’ve read this far. You’re already in the 1%, it’s just the 1% of apes that can a) read, and b) maintain an attention span long enough to get this far. + +Now onto the info that’s gonna get me downvoted to oblivion and banned from the sub (hopefully not 🙃): + +&#x200B; + +# CRUSHING AN ANT + +I remember around this past Thanksgiving reading an [article](https://www.google.com/amp/s/www.forbes.com/sites/georgecalhoun/2020/11/08/why-china-stepped-on-the-ant-group-part-1-a-bubble-looming/amp/) from Forbes discussing the regulation of a Chinese Company named The Ant Group. The Ant Group was founded by Jack Ma - China’s second richest man (was the richest up until March 02, 2021 when Zhong surpassed Ma). The article I referred to earlier does an excellent job explaining what exactly The Ant Group is for those who have never heard of it. Essentially, it is a high-tech Chinese company that has grown bigger and faster than any other company in history. Naturally, the media has adorned it with superlatives: + +* [The World's Largest Money Market Fund](https://www.wsj.com/articles/how-an-alibaba-spinoff-created-the-worlds-largest-money-market-fund-1505295000) +* [The World's Largest Mobile and Online Financial Payments Company](https://www.businessinsider.com/alipay-overtakes-paypal-as-the-largest-mobile-payments-platform-in-the-world-2014-2) +* [More Payment Transactions Processed than Mastercard and Visa](https://wsj.com/articles/inside-ant-the-company-behind-the-worlds-biggest-ipo-11603798576?cx_testId=3&amp;amp;amp;amp;amp;amp;amp;cx_testVariant=cx_2&amp;amp;amp;amp;amp;amp;amp;cx_artPos=1#cxrecs_s) +* [The World’s Most Highly Valued Financial Technology Company](https://en.wikipedia.org/wiki/Ant_Group) +* [More Valuable Than Any Other Bank](https://www.ft.com/content/3d2f174d-aa73-44fc-8c90-45c2a554e97b) (or would have been…) + +As you can probably see by now, the Ant Group is a big fucking deal. Even though I would die for GameStop and Daddy Cohen, it would be irresponsible to say that Gamestop is as important economically and politically as the Ant Group is (at least for now 😉). + +&#x200B; + +https://preview.redd.it/d55ibwdzefr61.png?width=1080&format=png&auto=webp&s=c26e01b424e24720871d5030ae9a8300fc387abb + +&#x200B; + +Well in November 2020, Ma was ready to take his impressive company public through an IPO on the Shanghai and Hong Kong stock exchanges (which was also a very political statement that you can read up on the previously mentioned article too if you care to). Investors from all over the world were foaming at the mouth at the potential to invest in such an important company (same way we are during those tasty GME dips). So much so that Ant shares had already rose more than 50% in the grey market - which is basically an OTC mechanism that let’s investors bid on new shares prior to the IPO to help gauge investor demand for a particular company. It’s $34.5 billion IPO would have given the company an evaluation of almost $315 billion; AKA bigger than JP Morgan and 4x bigger than Goldman Sachs. The offering was oversubscribed 870 times, meaning retail wanted to buy 870 times the total number of shares being offered (so about the same ratio of borrowed GME shares 🙃). That’s $2.8 trillion worth of orders just from retail investors in mainland China. Not bad for the initial public offering of a company; but what the fuck do I know? I’ve lost three crayons in several of my own orifices since I started typing this (don’t worry, none of the ones I lost were red or green ones. Phew!). + +&#x200B; + +https://preview.redd.it/sgquptqzefr61.png?width=1049&format=png&auto=webp&s=14955e8909ae646dcfb93bd369a7244848f535a4 + +&#x200B; + +So I’m sure at this point you’re probably wondering what the hell this has to do with GameStop. My response is, I’m slow (in many ways).... I already told you that. But more importantly, I wanted to set the stage for what happened and how this relates to all you cuties. + +&#x200B; + +With no warning and just days from the IPO launch, financial regulators from the Shanghai Stock Exchange called a meeting with Ma and Ant’s other top executives. In that meeting, they revealed that they were pulling the plug on what would have been the most anticipated IPO to date. Shortly thereafter, the Ant Group chose to halt its IPO on the Hong Kong Exchange as well. But why would the Chinese government do this? + +&#x200B; + +https://preview.redd.it/t2wredovefr61.png?width=1080&format=png&auto=webp&s=647089c7d01bb14740e6c9b9809acacbd7430f1b + +&#x200B; + +Well this answer is not as clear cut as the story of the Ant Group’s success is. Several theories as to why exactly Chinese regulators pulled the plug have surfaced. Some claim is was based on a distasteful interview Jack Ma gave a short time earlier that painted the government in an unsavory light. Others claimed it was to protect the state-run banks that were forced to pay Ant a cut of their profits in order to extend credit to individuals that the banks would otherwise not be able to serve. While the real reasoning is likely an amalgamation of the two previous explanations and more, the state media claimed the reason was to “protect investors from the prudent risk such a large offering created.” I guess making a dick ton of money off a solid investment is something that should be regulated by the gove.... WAIT WHAT? + +Now I know many of you are probably thinking, “OP you’re comparing apples to oranges. How does an IPO relate to the current situation with GME? ~~God, you’re so stupid. Your parents probably never loved you and your wife’s boyfriend has such a bigger d...~~” While you might be right about some of those things, I think you are wrong about the comparison because what this boils down to is this: + +# Despite immense interest from investors across the entire world, the government stepped in and halted a highly profitable investment opportunity in the name of protecting retail investors from their own “stupidity” or “inability to understand the greater consequences.” + +I bring this up to counter many of the comments I’ve seen stating *“oh the government would never step in,” “everyone would lose trust in the US Stock Market,” “too many investors from across the world are invested in this for the US government to act.”* Respectfully speaking, that’s bullshit. While the US and Chinese governments are very different in many ways, claiming to “protect retail investors” as a guise to make politicians and despicable people like Ken Griffin richer is something they both can find common ground on. + +Whether this fuckery comes in the form of a price ceiling or something much worse, I don’t know. What I am certain of is the fuckery is not over my fellow apes. We have not won YET, but comments like those listed above do nothing more than reinforce the echo chamber mentality that’s been propagated recently. + +Think back to some of the most famous god-tier DD you’ve read on this sub and our former home (shoutout [r/GME](https://www.reddit.com/r/GME/) (thanks for burning the house down [u/plumdragon](https://www.reddit.com/u/plumdragon/))). DD that relates the Housing Market Crisis of 2008 to what we are seeing now. How would it look for the government if the “once in a lifetime recession” that happened 13 years ago was nothing more than a foreshadowing of what’s to come because they continued to let the “free market” be molested by the SAME FUCKING PEOPLE THAT CAUSED THE SUB-PRIME MORTGAGE DEBACLE IN THE FIRST PLACE!!! It would be political suicide! And more importantly, this would result in much more of a loss of credibility than capping the price of a single stock. I mean honestly, think about the repercussions of letting this happen twice in less than two decades... + +The fact that we don’t see counter DD containing clear technical analysis like we do in posts that promote the MOASS, doesn’t mean the HFs are shit out of luck. No part of this GME saga has followed the rules so why do we all of a sudden expect the market to perform as it should? Even though I too enjoy the dopamine hits and half chubs amazing DD like “The Everything Short” causes, we can’t get comfortable. Where did all the posts of apes bugging their Congressman and Senators go? Where did all the posts of apes filing complaints with the SEC go? Where did all the posts of Ken Griffin’s leaked horse porn video go? Actually I think that last one was a dream... regardless, you get the point. In no way am I trying to organize anyone to do anything that could result in the manipulation of the stock market. Instead, **I urge you to let the DD motivate you to act, not just turn your phone off in confidence of the inevitable.** + +**TL;DR** \- Me dumb, like USA, and HODL much GME + +Governments have no problem “protecting retail investors” from their own “stupidity” or “inability to understand the greater consequences.” China did it with the Ant Group IPO despite thousands of international investors’ interests. Regardless of what some have claimed, government intervention is not such an outlandish possibility. The US government fucked up in 2008 and are undoubtedly hoping to prevent anything like that happening again in the near future. The backlash from capping the price of a single stock would be much less than if the government allowed the same criminals, who fucked over so many people in 2008, to do the same, just much worse in 2021. + +If you personally feel obligated to do so, contact your senators and the SEC and make sure they know where you stand on this. Personally, I don’t support government intervention on this particular matter. HFs need to be held accountable for their actions and making Shitadel the example is the perfect way to do it. + +Don’t get comfortable with thinking the MOASS is inevitable. Actively fight for it in whatever ways you see fit; otherwise, this event won’t be anything more than a meaningless anomaly. + +Obligatory: 🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I am an air traffic control trainee, 3 months into the 12 month long program. We get paid during training a modest wage of 53k, and it's a brutal program, with many known to quit or 'wash out', and there's a necessity to study outside of your rostered hours. + +Once you get through the program, you're effectively guaranteed a position, and you do 6 months of on the job training at 80k, and then start at 109k as a qualified ATC. From there each year 12-13k is added on to your wage, until maxing out at around 220k (10 years down the line). + +Aviation happens 24/7 and so this job is rotating shift work for all controllers. It's 72 hours a fortnight, and you can expect to have shifts at all times of day, and your shifts will be different week to week. So you can never get used to the same schedule. Reading accounts on r/ATC will tell you of how you can expect to miss family events, holidays, weekends. There is much talk about divorce and short life spans, that it's bad for family life, that it ruins your sleep and health, and is stressful. There is also much talk about the 'golden handcuffs'. Many medications are barred including most that treat mental health issues like depression. The work is done in a relatively dim room (unless you're in the tower stream, which I'm not). Your roster is planned a year in advance, making you feel locked in, and bidding for the time off that you want off for your leave (6 weeks a year when fully qualified) is subject to operational requirements. It's worse in America which the majority of controllers are on r/ATC but Australia isn't exempt from these arguments. + +There are pros on top of the wage that I should mention though, it's stimulating work, and you're a respected member of the community, it's a kind of cool thing to tell people that you do. You leave work at work for the most part. + +I am torn because I know many want for this job, but I'm finding it hard to reconcile with the information that these elements could plague me for the rest of my working life. The field of work is also very isolated - there isn't any other field or company I can go to that directly uses these skills, so any career change down the line is really starting from scratch again. If I could have it ideally, I'd have a job where I can choose my own hours, freelance perhaps, or contract work where I don't feel so locked in and can do contracts months at a time. So then I could have time to travel, pursue musical interests (and tour), things like this. But I don't have any alternative career prospects, my bachelor degree was in biomedical sciences which I have little interest returning to university for further studies with, and all I had done before this was casual call centre work. + +The housing market in Melbourne is so shocking from my outsider perspective. It feels to me that this is the major purpose of money, to get a house. It would be maybe 15-20 years of slaving in this high stress job before I could pay off a house in a suburb that I like. I'm not sure that that's what life is about. + +My question is - does this sound like a good deal to you, would you go down this career path personally? I'm a relatively young guy of 26. Would you compromise your health with shift work to put yourself in a good financial position? And is anyone in a similar position? Thanks +I'm considering the purchase of our first multi-family rental property and trying to decide on jumping into REI now or wait until after the recession hits. After purchasing my first house in 2006, I've learned some hard lessons via investing at the top of the market - should I have invested 2-3 years later, I could have saved 120k (the value of the house dropped that much). More importantly, I've learned the hard way that recessions are inevitable, happen every decade or two and that timing the market can save a lot of headaches. We understand that time in the market is better than trying to time to market as well, which has us wanting to jump into our first deal but we're reluctant to repeat the same mistake as we did in 2006. + +I was just reading through [this article on the upcoming recession](http://www.cityam.com/274430/us-recession-risk-spikes-amid-trade-war-and-consumer) and wondering if we should pass on our first rental purchase and continue to build capital, while waiting for prices to come down. + +Any thoughts/advice? +Last September I started another portfolio to try out a less involved strategy. My plan was to make changes only if something catastrophic happened, or I felt that one of my holdings had reached its maximum potential return. After 9 months I have received 54.4% return. Could someone take a look at my portfolios stats below and let me know what you think? Should I leave it untouched or make some changes (like re-balancing...)? + +[Monthly Returns](https://i.imgur.com/ffS93rU.png) + +[Metrics](https://i.imgur.com/NqUgmZE.png) + +Thanks! Let me know if you need any more info. + +EDIT: The portfolio is 4 positions and they were equally balanced when I started. +[Here is my actual portfolio as of this morning](https://i.imgur.com/Rpjm2dC.png) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I'm curious without prejudice how much people here will 'budget' for drinking, smoking or otherwise. I'm a 25 year old guy living in the West Midlands and my financial situation is pretty strong. I'm not sure how but I've accumulated a fair amount of money in savings (for my age/area) toward buying my first home whilst smoking a hell of a lot of weed. I typically spend about £200 a month on smoke (split between me and my other half), I do not drink or use any other recreational drugs. + +If drinking/smoking/drugs are problematic on a personal level is a topic for another day, I am purely interested in seeing how much people here set aside for narcotics payday-to-payday. Does anyone else calculate how much their 'habits' cost them? Do you make a conscious effort to manage them? +Maybe a nice reminder to not always ask or look into the opinions of other traders. Everyone has a different vision and approach on the markets and to be entangled in their believes could only make your experience worse - so be confident in your trading strategy. The psychological side you need to become a pro trader is extremely hard to acquire, so don’t ruin your mental and make it harder for yourself by constantly taking advice from others. It’s like having a never ending war in your head. It could cause confusion and make you doubt your decisions (especially if you’re new to trading). + +I’m not saying you shouldn’t, but be careful with the amount of information you’re extracting from your sources. And I also suggest that you rather learn from the information you use than to implement it and not fully understand it. + +What do you guys think about this? How do you work with trade ideas from your sources without it ruining your strategy? +Hi, Im at the stressful point in my life where I have to choose a uni course. I'm learning a lot about FOREX through free information on the internet but I would also like to seek formal education as a backup. Would economics or commerce be a better degree that helps with working with FOREX in the future? +Hi, Im at the stressful point in my life where I have to choose a uni course. I'm learning a lot about FOREX through free information on the internet but I would also like to seek formal education as a backup. Would economics or commerce be a better degree that helps with working with FOREX in the future? + Hello, + +Me and my wife currently pay for 3 days a week in nursery at £37 per day. £444 a month, reduced to £355 after the tax-free childcare scheme. We do not have much disposable income following this payment and both typically end the month in our overdraft. + +Two days a week, my son is with my parents, but they are struggling with health. So, we are now looking at putting our son in nursery full time which will be an extra £236 per month to find. Bringing the monthly payment to £591 after the tax-free childcare scheme. It doesn't make financial sense for one of us to drop a day in work sadly. + +We have a mortgage to pay (£560), home improvement loans various household bills but we are cutting it too close for comfort. When my son turns 3, we get 30 hours free childcare which will be a blessing. We just need to cope for 12 more months! + +We have 2 cars. 2014 plate fiesta 3 door. Not practical, but we own it outright and running costs are minimal. It's low millage and reliable. + +I have a low millage 2017 plate Ford Ecosport which I pay £106 a month for. I owe around £3.8k on the finance and it's valued at £8.2k (webuyanycar quote). I am not overly keen on the car but it's practical. + +Now I am weighing up the pros and cons of selling the EcoSport. I will be £100 a month better off in terms of monthly bills and have around £4.4k left after the sale (if I get 8.2k). If I use £1,000 to buy a very cheap run around just for myself for 12 months, then I will have around £3,000 left which will cover 2/3 days in nursery for 8 months odd and ease the financial stress. + +My only real negative is that if I use all the money from the car, I lost a huge asset and will have to start again at some point if I ever wanted a newer car, which means probably hefty finance payments in the future. + +What are your thoughts? +Hi Fatties. + +Remember when the Big Short's Michael Burry made [headlines about the index fund bubble](https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos)? Others are now joining him, including investor Mike Green on last week's episode of Bloomberg's [**Odd Lots**](https://www.bloomberg.com/news/audio/2020-02-07/why-passive-investing-might-be-distorting-the-market-podcast) podcast. + +I spent the last week combing through the various "index bubble" arguments, spelled them out in layman's terms, and then contrasted them with opinions from the "no bubble" side. + +Since forms of passive investing (ETFs, index funds, pension plans) are typically some portion of a FatFire plan, I thought folks here would appreciate a clear explanation: + +* why is there an index fund bubble debate, anyway? +* And more importantly, why **shouldn't** the FatFire investor be worried? + +[**Full post**](https://bestinterest.blog/2020/02/21/index-fund-bubble/) + +The folks over at [FinancialPlanning](https://www.reddit.com/r/FinancialPlanning/comments/f7a1a5/index_fund_bubblescary_but_how_valid_heres_a/) really enjoyed it, and I hope you do too. + +I'm happy to hear all feedback--good or bad. Cheers! +Today TSLA has been on the rise. Again. Stocks hit a new ATH of $1650. Today "reasons" were an [increase in target price and a new patent](https://thetradable.com/stocks/tesla-tsla-stock-price-grows-by-18-on-new-elon-musks-patent-and-target-price-raise) on long-awaited technology.News that push the price higher and higher appear literally every day.But how long will it last? + +I think that before the stock split, a rise to $1700 is possible, without serious drawdowns. Don't forget about S&P inclusion speculation. + +Then, without a serious driver, I expect stagnation or even a drawdown to more adequate levels.Now TSLA is too overbought, I think. The higher they rise, the more difficult it's to hold onto even with new positive news + +Tell me, what do you think about this? when will there be a drawdown, what will happen in the short (and not-so-short) term? +There is an interesting article back from 2018 that says + +>If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the next day — capturing all of the net after-hour gains — your cumulative price gain would be 571% +> +>On the other hand, if you had done the reverse, buying the ETF at the first second of regular trading every morning at 9:30 a.m. and selling at the 4 p.m. close, you would be down 4.4% + +I have backtested the same for 2020 and 2021, see the results below. Every day I was buying/selling just 1 share of $SPY. + +|Year|Buy at open, sell at close|Buy at close, sell at open| +|:-|:-|:-| +|2020|$4.88|$45.42| +|2021|$36.82|$53.92| + +Disclaimer: all calculations made using BreakingEquity +There is an interesting article back from 2018 that says + +>If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the next day — capturing all of the net after-hour gains — your cumulative price gain would be 571% +> +>On the other hand, if you had done the reverse, buying the ETF at the first second of regular trading every morning at 9:30 a.m. and selling at the 4 p.m. close, you would be down 4.4% + +I have backtested the same for 2020 and 2021, see the results below. Every day I was buying/selling just 1 share of $SPY. + +|Year|Buy at open, sell at close|Buy at close, sell at open| +|:-|:-|:-| +|2020|$4.88|$45.42| +|2021|$36.82|$53.92| + +Disclaimer: all calculations made using BreakingEquity +I’m 26 and spent the first 5 years of my 20s doing everything right to get my credit score up. I got all the right credit cards, never missed a payment, never paid interest or fees, and that got my credit score up to 805! Fast forward to 2020 and I get laid off and end up in the hospital with an autoimmune diagnosis. My parents then offer to pay my hospital bills and I forget about them and focus on my health and career path. Fast forward again about 8 months later and I get two bills from debt collectors. I ask my parents what happened and they hit me with “well we weren’t going to take care of it entirely, we still expected you to pay we would just give you some financial assistance if you asked for it.” It’s my fault for assuming they were taken care of. I should have been more involved. But I wasn’t and now fast forward to today… I’ve started a business which is growing faster than I can keep up, I’m planning to open a brick and mortar, purchase a truck for conducting business, and possibly my first home by next year. But what’s stopping me? a 644 credit score. How could it have dropped this much over two medical bills?? I’ve paid one of them already. I want to pay the other but apparently they weren’t sent to the same debt collector and I can’t find the letter from the other collector. Even if I pay that one too though I don’t think this is going to come off my record for 7 years. Is this one stupid mistake going to ruin everything I worked towards or can I fix this somehow? +Link: https://m.timesofindia.com/business/india-business/debt-mutual-funds-navs-halve-as-dhfl-defaults-on-bonds-payment/amp_articleshow/69668367.cms + +>MUMBAI: Due to a default in payment on bonds by private sector mortgage financier Dewan Housing Finance (DHFL), net asset values (NAVs) of several debt mutual funds, including those run by some of the top fund houses, crashed on Tuesday. Data showed two funds run by + +>DHFL Pramerica MF saw their NAVs dip by around 50% in one day while the NAV of a fund run by Tata MF saw a crash of almost 30%. There are other debt funds run by Reliance, Birla, UTI and DSP MFs which reported substantial drops in their NAVs. All these funds have bonds issued by DHFL in their portfolio. + + +> * DHFL Pramerica MF’s medium term fund saw its NAV crash by 53% while the NAV of its floating rate fund dipped 48%. + +> * The NAV of Tata MF’s corporate bond fund took a hit of nearly 30%, data showed. + +&nbsp; + +Links to portfolios here: + +[DHFL Pramerica Medium Term Fund] (https://www.moneycontrol.com/mutual-funds/dhfl-pramerica-medium-term-fund-regular-plan/portfolio-debt/MDE951) + +[DHFL Pramerica Floating Rate Fund](https://www.moneycontrol.com/mutual-funds/dhfl-pramerica-floating-rate-fund-regular-plan/portfolio-debt/MDE269) + +[Tata Corporate Bond Fund](https://www.moneycontrol.com/mutual-funds/tata-corporate-bond-fund-regular-plan/portfolio-debt/MTA169) + +&nbsp; + +* DHFL Pramerica AMC's fund managers invested 30-50% of the fund's AUM in **one.single.company** and that too their own group company. it is almost as if SEBI does not exist at all. + +* **Is there abso-##-loutely no rule on per-instrument holding limits, same group-company holdings, etc ??** + +* What is the point of investing in Debt MF, if they hold just two-three papers? Instead one could just buy those FDs !! +When investing I am looking for stocks priced below their intrinsic value. Usually, for me these finds are among small and micro cap stocks with very low trading volumes and that are mostly overlooked by analysts/institutional investors. + +Often, when I buy these stocks they have had deep declines in their price. Many of these value stocks have a sudden return to a fair value after some time but then *they become neglected again or the stock price stagnates with the new higher ratios*. At that point, I don't understand why I should continue to hold the stock - it no longer presents value to me. + +Many value investors on this subreddit and elsewhere suggest you should hold a stock forever. For example, they will quote Buffett saying "our favorite holding period is forever". Personally, I think Buffett is more of a large cap quality stock investor - so I'm not sure how applicable this is to more deeply discounted "distressed" stocks. + +What I don't understand is: why would I hold a stock when it has returned to my calculated intrinsic value or its ratios are now quite average (like Buffett suggests)? + +When do you decide to sell (if you do) and what are your criteria and rationale for doing so? +This company that I haven’t thought about since the early aught infomercials has the following: +Roe: 38% +ROI: 16% +Debt to equity: .09 +P/e: 3.5 +Price to book: 1.19 +Sales of 717 mil + +Haven’t done any comparisons within the industry to see how they match up. However this is solid performance and the company looks in good shape. It’s trading at around $7.40 with a 52 wk high of around $32. Looks to be a safe buy. Bought 70 shares but want to see this subs input before going deeper +When selling covered calls, you obviously need to hold the underlying in even lots of 100. Unless you're filthy rich, this likely reduces the diversity you could otherwise have in your portfolio. As such, I'm just wondering, how many CC positions do you typically hold at one time? Do you target one stock in particular at a time and go all in? +WSB tard here - just a question for the wizards of Theta. + + +I know this is not technically Theta related but you guys seem so calm and cool - you remind me of my wife's neat new friend (he's so handsome)! + + +Let's assume for a second that the hedgies would rather kamakaze before paying out tendies to the unwashed masses: + +Quick question - if the hedies go bust, what happens to thier short positions? Is it a nucklear hot potatato that eventually melts the poor fucker who's left bagholding or do they evaporate, the bubble pops and it's a meltdown? + + +Asking for a friend. +You have decided to say FU to your shady broker that you no longer trust or maybe you are new to the finance world. + +You chose Fidelity. Great choice. + +&#x200B; + +What you need to know is that Fidelity by default shows charts that are delayed 15 min. + +In order to fix this and have real time data, visit: + +[https://www.fidelity.com/customer-service/how-to-get-real-time-quotes](https://www.fidelity.com/customer-service/how-to-get-real-time-quotes) + +&#x200B; + +Many people do not know that so I encourage you to spread the word! + +&#x200B; + +Edit: Since many of you are asking for chart looking alternative, for the most basic stuff [finance.yahoo.com](https://finance.yahoo.com/quote/GME?p=GME&.tsrc=fin-srch) will do and if you want to dive deeper [www.tradingview.com](https://www.tradingview.com/chart/zCLTV3YK/) is a great tool. + +Edit2: + +Android app guide (thank you u/chronovisor84): + +>Press menu on bottom right, then press the ⚙️ in the upper right, then enable streaming and after hours. + +IOS guide (thank you u/SumoTortoise): + +>More>Settings & Profile>Quick View>Watchlists & Real-Time Quotes + +Edit3: (thank you u/x32321) + +Another way is to have real time data is to use free desktop version of Fidelity's platform: + +[https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview](https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview) + +&#x200B; +I’m new to dividend investing, and from what I see Honeywell seems like a decent investment. Dividend growth for 16 years, ~50% payout ratio, 2.63% yield. What are your opinions on Honeywell? +https://www.cnbc.com/2019/02/19/walmart-reports-earnings-q4-fiscal-2019.html + +Walmart's earnings and sales for the fourth quarter of fiscal 2019 top analysts' estimates. + +E-commerce sales were up 43 percent during the quarter. + +The retailer maintains its sales outlook for the current year. +I'll be 26 y/o in a few weeks and want to start an IRA but don't know how to choose the right company. The main two I am considering are Acorns and Edward Jones. The former because the round up feature is appealing. The latter because it was recommended by my highschool history teacher. I would like to compare the average ROI from the last several years but don't know what variables to adjust for, other than the age of the account holder. + +I plan on starting off with a Roth since I am a college student that makes about 40k/yr tax free (military benefits) 20k of which I will get for life and the other 20k for another 1.5 yrs. My understanding is that as long as I am in a lower tax bracket than I plan to retire in I should do Roth and once I surpass that bracket I should switch to Traditional. + +Once I start with a company, are there typically any penalties for changing companies? + +Any and all advice or personal experience is greatly appreciated! Also any recommendations for books or public intellectuals would be awesome!! +A little while back I switched my entire Roth IRA (<$20,000) into one stock. Tencent, TCEHY. It's China's leading tech company. Controls WeChat, which is the Facebook there, along with eWallet. China is quickly becoming a cashless society and WePay (along with Alipay) are leading the charge. +And that's not all, Tencent owns RIOT gaming, which owns League of Legends. They've also made their own addicting game, Kings of Glory, which is a cash revenue generating machine. + +Take a look at the stock's steady climb up and hop aboard. I have watched my positions of JD and BZUN with concern, but never Tencent. +https://www.washingtonpost.com/business/economy/senate-passes-rollback-of-post-financial-crisis-banking-rules/2018/03/14/43837aae-27bd-11e8-b79d-f3d931db7f68_story.html?hpid=hp_hp-top-table-main_doddfrank-655pm%3Ahomepage%2Fstory&utm_term=.200c1305f104 +**CONTEXT** + +Under mounting pressure from [financial regulators](https://www.bloomberg.com/news/articles/2021-08-20/evergrande-pledges-to-fix-debt-after-rare-rebuke-from-regulators) to shore up its finances, [China Evergrande Group](https://www.bloomberg.com/quote/3333:HK) is poised to dump more of its sprawling empire.  + +The clock is ticking for billionaire Hui Ka Yan and his company, which is laden with $300 billion in liabilities to banks, suppliers and homebuyers. Despite getting temporary [relief](https://www.bloomberg.com/news/articles/2021-08-12/evergrande-gets-loan-extensions-from-several-major-creditors) from some major creditors, the message from policy makers is clear: Evergrande must resolve its debt woes fast enough to avoid roiling the world’s second-largest economy.  + +While it’s unclear if other lenders are making similar accommodations, the extensions will give the troubled property giant room to **accelerate efforts to sell assets and stave off a liquidity crisis.** Reports in recent weeks about wary banks and ratings agencies as well as unpaid suppliers have stoked fears of a potential default, **causing Evergrande’s stock and bonds to crater.** + +The Evergrande Group is China's second-largest property developer by sales, making it the 122nd largest group in the world by revenue, according to the 2021 Fortune Global 500 List. It is based in southern China's Guangdong Province, and sells apartments mostly to upper and middle-income dwellers. In 2018, it became the world's most valuable real estate company. + +**The holding company of the group is incorporated in the Cayman Islands.** Its headquarters are in the Excellent Houhai Financial Center in Nanshan District, Shenzhen. + +On August 19 2021, the Financial Times reported that Evergrande Group is facing a record number of cases filed by contractors in Chinese courts as pressure mounts on the company's management to reduce its debts. + +&#x200B; + +**WHY DOES THIS DEBT RIDDLED COMPANY IN CHINA MATTER?** + +https://preview.redd.it/nd27v1sbhzj71.png?width=800&format=png&auto=webp&s=1daf307c24cf50a83488c61c0a96bf820d0a6ee7 + +China has been a hot bed for foreign investment for quite a while. Inflows from the US and Europe have dropped, but regional investment has continued to increase as flows from ASEAN countries grow. **Hong Kong, Singapore, the Virgin Islands, South Korea, the Cayman Islands, Japan, Germany and the United States** are major investors. + +However, in just six months - this company has managed to wipe away **OVER $100 Billion USD** in value from their stock price. + +https://preview.redd.it/m22png2igzj71.png?width=834&format=png&auto=webp&s=2e484a3061b8dd9c88b5f01fd623cb80cac19377 + +Not to mention, this company also trades on the OTC market in the USA under Ticker $EGRNF. Although, American institutions don't seem to be holding a significant amount of this company (at least anymore), it does go to show that this company's default would have or already has had some effect on the US equity market. + +Remember Gary G releasing that video regarding Chinese companies incorporated in the Cayman islands? HMMMMMM I wonder why... + +[https://twitter.com/GaryGensler/status/1427364280383442945?s=20](https://twitter.com/GaryGensler/status/1427364280383442945?s=20) + +&#x200B; + +**WHAT IS HAPPENING WITH THIS COMPANY RIGHT NOW?** + +[Bloomberg Video "Evergrande Fire Sale Just Getting Started" (1min 26 sec)](https://www.youtube.com/watch?v=e4iDTgLtCF8) + +Dialogue script for those who hate videos: + +* Reporter 1: "The bonds once again taking a tumble... and we have this headline from 'Red' saying that China wants this so called market oriented approach" +* Reporter 2: "I mean its pushing a pretty hefty slide in the bonds, they tumbled to record lows last night. I mean this 'market oriented approach' - we've been talking about this for years when it comes to Beijing and policy makers. What I think is spooking investors is this disagreement between local officials and central government. **So what this could mean is that the central government has asked local officials to potentially allow some kind of failure or some kind of reckoning for all the masses of debt that Evergrande has raised. That's really what's spooking investors"** +* Reporter 3: "So simply, there's not enough money to go around and its such a complex thread of relationships that somethings gotta give." +* Reporter 2: "Yeah, there also saying there's a mis-payment on their trust loan. So clearly there is a huge web of debt here - loans, bonds, accounts payable. Investors just don't have a window into what is going on here." + +&#x200B; + +**FINAL THOUGHTS** + +Some motha fucker in China built a $150 Billion USD real-estate company, invested in a shit ton of other ventures that aren't related and racked up $300 Billion USD in debt. Now they are facing a liquidity crisis and Gyna is like "LMAOOO BRUH YOU R FUK" and is suggesting to let them fail. + +This company may potentially wipe HALF A TRILLION USD in value off the face of the earth in 6 months. China, and more specifically Hong Kong, is a leading country/city for finance. Evergrande potentially has financial ties and investors in many major countries. If they default, the ripple effect of their illiquidity will be felt **"around the worldddd, around the world... around the worrrlllld.... around the word".** + +https://preview.redd.it/8jh3xj8slzj71.png?width=480&format=png&auto=webp&s=9fcc3711476360fb198384444df2d52fcfe6088c + +**TLDR** + +Banks involved with this company could be facing liquidity issues if this company defaults - Not to mention another housing crisis in the second largest country by GDP. Oh ya also, the eviction mortarium in the USA ended yesterday - lmao housing is fuk. + +Credit might tighten up and banks may go looking for other ways to recoup and de-risk their balance sheet. This could ripple to other banks around the world and cause a global slowdown in financial sectors. If this hits the US markets, equities could fall... and marge will call. + +Check mate Bill Hwang - Gotta get those numbers up. + +Check out another users DD on this same topic, posted 30 days ago: https://www.reddit.com/r/Superstonk/comments/orykb0/evergrande_norchukin_and_dr_burry_first_go_at/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Thanks for reading. My name is Wet Dirt Kurt, but you can call me Mud. +Craziest story of my life. How I made 7500 dollars while chilling at home at 2 AM In the morning. I am an amateur crypto trader. I buy and sell all the time and I spend hours digging looking for new coins to buy. Last year I used uniswap to buy a token that was only available there. it was only one transaction and I didn’t really care much and totally forgot about the app. Fast forward to today , I decided to get back into crypto. I did some homework and found a couple good gems to buy on uniswap so I decide to open the app. + +I initiated the transaction and I looked down to a button that says uniswap. I didn’t know what it was so I ignored it and my transaction failed. So I tried again and I was like meh I’ll just click it and see what it’s in it. + +As soon as I open it and I get the message “claim your 400 UNISWAP” and I was completely shocked. + +I owned the 400 from the airdrop since last year and I didn’t even know it!!!! And I rode it from 2 dollars all the way to 19.55 today! Imagine if I found out about it sooner I would’ve probably sold around 3 or 4 dollars (I know myself) but instead I rode it like a champ at a 524% increase ! Holy fucking shit. This just happened a few minutes ago and I thought this is the place to share such story + +Edit: earlier today my wife and I were stressing about our 1 bed room apartment since we have a baby coming on the way. We were planning to buy a house in August but this money will pull our date to may which will be perfect and right before our baby gets here! +I am very grateful and I CANT WAIT to tell my wife in the morning. + +Edit2: THANK YOU ALL! You guys are amazing! I appreciate all the awards and the support + +Edit3: 4 people claimed their 400 UNISWAP after they saw the post! This is AMAZING! +Sorry this is a long one but I'm at a loss! + +I got a car out on finance 3 years ago, paid it for a year no issues then Cvid hit and I lost my job (the locks were changed one day and that was it, £2000 in wages that I didn't get back until the start of this year after going to court). I missed 2 payments back to back (although I did phone in advance and they said they would take the cost of the 2 payments and added it to the finance I took out). + +When the third payment was due, I expected the payment to come out of my account as I was back working again and able to afford it, it never came out. I called to be told my agreement was cancelled and they would be repossessing the car. I was gutted as I loved the car so I asked if there was anything that could be done, I even offered to pay the two months, that were technically no longer due as they'd been added to my agreement, over the phone there and then.. they refused. + +I asked when they would be repossessing and they told me I need to surrender it as I'm in Scotland and they told me they'd send someone with paperwork to sign.. nobody showed and it's been over 2 years now. + +Can anyone tell me what I need to do with this car? The company I bought it from are in England but I'm also worried about leaving the car anywhere (I'd have to find an address anyway) without signing something to say I have dropped it off with them. + +I haven't taxed or put it through its MOT as I was told I no longer own it, they were repossessing it and it's no longer my responsibility but... I kind of feel like it is so I'm not sure if I should leave it at my families farm or if it needs to be at my address for them to repossess... To clarify its outside my house and has been for years. I bought a new car as I was too anxious expecting someone to repossess this car, so it's definitely not moved and I'm definitely not hiding it 😊 + +Please help me and my mad anxiety 🤣 +Supposedly this happened a few times this week, and the guy doing it knows what he is doing and hasn't been caught. + +The guy somehow got a hold of my dad's Social Security number, as well as account # and routing # at WF. He then masks his IP address through a VPN and sets up a new bank account at bank #2 (using social security # and personal details). He then uses the routing # and account # to transfer $65,990 out of WF to bank #2, then pulls all the funds out (I don't know how you pull it out without showing your face unless you transfer it again) and then closes the account. + +Originally I thought this might have been an inside job with WF all over the news lately, but the police confirmed this same thing is happening frequently to many people. + +Good news is, Wells Fargo is replacing all of the stolen funds... + +Edit: My dad was given this link with respect to identity theft & changing your SS #, has some upsides and very large downsides... + +https://www.ssa.gov/pubs/EN-05-10064.pdf +Was there an "ah-hah" moment? Did you realize anything through backtesting? What gives you the confidence that you can consistently make a living doing this? Do you trade strict R:R or momentum? How did you discover the thing that made you profitable? + + +Struggling here. +Hello, I am seeking any help thanks. My mom had mental health issues and took her own life when I was 8 years old. I was recently contacted by one of her former co-workers and was told that my mom left me a 401k. I am a little skeptical about her claim but assuming my mom did leave me a 401k, how should i go about obtaining the money in the account? She was in her 40s when she died. Is it even possible to receive money since it has been so long? I am under the impression the entire 401k was left to me. Any help and advice is appreciated. +My mom bought some CDs for my kids several years ago at National City. She held on to the paperwork for several years, then gave me the paperwork a couple years ago. I saw that the CDs were marked to reinvest at maturity. I wasn't a member of National City and didn't realize that they had been bought out or merged with PNC at some point. Since the CDs were marked to reinvest, I just held on to them. Flash forward to last week. I was getting some finances in order and decided to see about cashing the CDs in and moving them to a better investment for our girls such as a 529. I see that National City is now PNC. I take the CDs in, but they have no record of the account numbers. The CDs are in my mom's name, so she has to take it from there. She is currently getting bounced between our local PNC branch and their online call center. Her last communication was with a manger that said the money is probably "just gone" and that they purge records from time to time. Their advice was to work though a state webpage (Michigan) for lost or unclaimed money. Any advice? I have the original signed documents with the deposit amounts, terms, and account numbers. + +TL;DR +Have documentation for 7-year old CDs. Original bank merged with PNC, who now says the money is "just gone". + +Update: +Thanks for all the suggestions! The money is not listed in state or federal unclaimed property sites. After a long meeting with the bank manager there are no records of anything - even that my mom ever had an account. They escalated the issue to some sort of investigation department and seem to be taking things seriously. I'll post if/when there are other developments. +My new word for the day: escheatment. +\*First post in r/personalfinance so I apologize for unknowingly breaking any rules\* + +This is my first corporate job out of college, and I've been with the company for a little over a year at an Operations role (boring/repetitive). I barely used any PTO and have accrued a good amount of PTO over time. If I leave the company before 2022, I will have ALL of my unused vacations paid out, which is a little over $8000 post-tax (can easily last me 2 months), and I can only carry over 5 days into the next year. I'm currently applying/interviewing at other companies. In a perfect world, I would have a job offer elsewhere before leaving the company. However, there's a chance I don't find something before the end of the year. + +Should I still leave and then fully dedicate my time to apply/interview other places? Would I be able to collect unemployment while I am job hunting? Please feel free to share any other suggestions. + +Thank you! + +&#x200B; + +Edit: + +Another reason I also want to leave is the commute. We were fully remote up until a month ago, and now going in twice a week, which isn't bad, but they can always increase that at any moment. If other employers were to ask why I quit, I can bring up the commute (1hr one-way). + +Edit 2: + +Some people have suggested taking PTO to look for another job. In my case, it's a little difficult with only 1.5 months left in the year to take off days, since it would conflict with other colleagues' PTO schedules. I have been interviewing at other companies during the days I WFH. + +I also don't see this type of work long-term so I have also considered maybe doing a Bootcamp and going into a more analytical/data role (also the jobs ive been interviewing at). +I was sadly laid off from my job a few days ago. My circadian rhythm has been off as a result, so I decided to head down to my local GameStop to mentally reset (and maybe pick up a few Funko Pops & more batteries). + +The store looked immaculate (obviously). It even passed what I call 'the white glove test', which is where I put on a single white glove and go around touching things to see if I collect any dust. + +After a few minutes of testing, it dawned upon me that the kid working there didn't greet me upon entering, so I strode up to the counter to confront him. + +"Everything ok?" I coolly asked, disguising the true rage burning inside of me. + +He just sort of nodded, asking if there was anything he could help me with and why I was walking around touching things with gloves on. + +"Heh. Just thought I'd pop in to see how my store is doing." I replied. "Looks good. Though, I couldn't help but notice that you failed to greet me when I entered the building, which is a real problem - here at GameStop we greet all of our customers." + +Visibly confused, he asked me if I was a corporate employee or something. + +"Employee? Not legally. I am however a shareholder, which makes me a part owner and, technically, your boss." + +In that moment, he knew that he fucked up; he began to stammer out an apology, but I wasn't having it. This kid just disrespected a shareholder. + +"Look, kid," I interrupted, puffing out my chest to look as big and intimidating as I could. "You should be thankful that we've given you the opportunity to work for the most innovative tech giant on the planet. Failing to greet people hurts the customer experience. Hurting the customer experience brings down company profits. My profits. And I'll be dead before a little piss baby like you is gonna fuck with my money. Keep it up, and you won't have to worry about greeting people anymore. Understood?" + +I began to leave, all the while he just sort of stared at me, shaking his head and asking what I was talking about. + +"Oh, and one more thing," I added, one foot out the door. "I'll be having this Funko Pop on the house." and I grabbed the nearest one and left without paying. + +I haven't been back to the store since, but I imagine that the kid now has everything shipshape and has been greeting every customer since. It feels good to help my company! +I can't hold out on a bet that's making me money, so the way I see it, even if I'm 50 years old and still have this tattoo, it'll remind of the first ever big investment I ever made. +With that being said, it'll probably take about a week or two before I can get in with my artist, but nevertheless it shall be done. + + +I'll update you guys with a picture of the tattoo once everything is done in a few weeks :) +I posted a [friendly reminder when the price was around $1200 that it could go back to $200](https://www.reddit.com/r/ethtrader/comments/7ots2e/friendly_reminder_for_those_new_to_crypto/). Here are some of my favorite comments :) + +&#x200B; + +In response to someone asking if a crash could happen again + +>Fuck no it couldn’t happen again. BTC dropped from 1k to 200 and crypto entered a multi year bear market due to one event that couldn’t possibly happen now. + +&#x200B; + +To paraphrase Milton Friedman talking about market crashes. "We've been reassured that things have been put in place that will prevent the market from crashing like this again. The next time it crashes, it will be in a different way!" + +&#x200B; + +>$200 sounds great to me + +&#x200B; + +I hope he's buying in now! + +&#x200B; + +>No one here doesn't hope for 200 ETH + +&#x200B; + +The mood around here proves otherwise :D + +&#x200B; + +>I would welcome a crash just so I can buy more and continue to HODL long term. + +&#x200B; + +I hope you do! I bought more. + +&#x200B; + +>\[No one should think $200 is possible\] BTC crashed to 200 because a hack of one of the only exchanges. + +&#x200B; + +Turns out prices can go up and down even without Mt Gox! + +&#x200B; + +>Someone ban this guy + +&#x200B; + +Maybe this time they will :) +As the traffic across cryptocurrency subs starts to spike again, it's clear that there is an influx of both new and returning users. I wanted to take a few moments to highlight some of the most common scams in the crypto space to help keep you and your investment safe. + +While not all projects who fall into these categories are scams it is important to be aware of the issues and proceed with caution. Many legitimate projects can have frequent partnerships for example, but, its important to examine them closely. + + +# Google Docs/Surveys: + +One of the scams that commonly swoops up a number of victims is the common "*help with this survey*". Usually the attacker poses as student or someone doing research and asks a series of questions about your crypto holdings. + +There are two attack vectors here: + +1. Google docs can be connected to multiple Google apps and include things like Google App script which can be leverage in spam attacks, malicious redirects, or to trick you into downloading malware. + +2. Google Forms, which is used for surveys, has the ability to let the admin check the box "collect user emails" on their survey. In this case, even without entering your email address Google Forms will provide the email address of any Google account you are actively logged into on Google, Gmail or in the Chrome Browser. This allows attackers to specifically identify you (possibly even your real identity) as well as use your email in future phishing attacks. + +To help prevent this type of attack on our subreddit, we don't allow Google Doc surveys, even from legitimate requesters. Surveys would need to be approved by moderators and use platforms that are non-email collecting and not connected to scripting apps (such as SurveyMonkey). + +# Pump and Dump Groups: + +Are "Pump and Dump Groups" profitable? Yes. + +But, they are profitable for the people running them. Not for you. + +Pump and Dump groups (often branding themselves as professional crypto "signal" groups) claim that they have awesome "technical analysis" skills and will pick winners. They'll show you charts of all these great trades they've made. + +Many are free groups on Discord, but some will even ask users to pay (claiming this is what makes them "legitimate"). + +The truth is, there is no insight that these groups have. They look for small market cap coins and buy in themselves. They then announce it to the pump group where everyone starts to buy in and the price skyrockets due to low liquidity. During this time the group admin sells their holdings. + +To those who got in early enough, a little bit of profit is made. But, their profit and the profit of the admin actually comes from the rest of the group who is stuck 'holding the bag'. + +To the rest of the group, its easy to feel "*oh man that was a great call, if only I had got in earlier*" and they repeat the process. + +Signals, insights and even TA are psuedo-science at best. If anyone had it figured out in a way that would work more than 51% of the time, the modern economy would be even more broken than it currently is. + +The best you can do is use actual trading signals as input on top of your own research to make investing decision and avoid shady pump and dump groups. (After all, if someone really unlocked the magical analysis to help make 30%+ returns on all of their trades, why the hell would they need your $100 to share their signals? They'd be too busy sipping Mai-Thai's on their private yacht!) + +# ICOs: + +Are some ICOs legitimate? Yes. + +Are most ICOs legitimate? No. + +Most ICOs have no product, a team incapable of building the product their pitching, and are proposing to build something that industry doesn't even need. + +But, unless you are an expert in that industry, or an experienced venture capital/private equity investor you likely don't have the skillsets to evaluate those gaps. + +So ICOs make flashy websites, name drop the places where all their talented engineers used to work (likely as interns) and do whatever they can to convince you to buy their token. + +It's far too easy to make those sites, last year, someone even made an AI driven parody website that shows you how easy it is to generate ICO sites. (https://yetanotherico.com/ - every time the page is reloaded it is a new fake ICO). + +Even ICO rating services are all "pay-to-play" and should be ignored. + +In a world with IEOs and Token Sale Management tools, there are very few (some - but, very few) valid reasons to do an ICO. + +IEOs don't guarantee a project is any more legitimate, especially on some lower tier exchanges, but at least their is an additional level of vetting. + +ICOs were sketchy to begin with, but, given they are no longer the standard distribution method in the industry you should be even more skeptical of them. + +# Fake Partnerships: + +Some cryptocurrencies have the idea that if they just keep on appearing in the news you'll cave and buy them and they can keep everyone happy. + +Reddit and Twitter are constantly inundated with cryptocurrencies claiming they have a 'big partnership' with 'brand x'. + +These usually equate to: + +1. One local division of the brand, had a low-to-mid level regional manager trial the blockchain product while the bulk of the company had no idea. +2. The company is using a fork of the blockchain for their own private stuff which will never impact the public price. +3. The blockchain got into an incubator or accelerator program run by that company. +4. The blockchain competed in a startup contest or tech contest with or by that company. +5. The blockchain is a customer of that company. (i.e. We run on Amazon AWS, therefore we list Amazon as a partner for helping to provide security to our nodes!). + +You should be skeptical when projects produce frequent partnership announcements. + +On our sub, we only allow partnerships that are announced via the official company website and not via third-parties or the blockchain projects site/community. This helps to curb a small portion of these issues, but, you still need to do your own research in-depth to understand the nature of these partnerships. + +# Volume/Transactions: + +The last major common scam is volume/transactions. + +Many projects like to "paint the tape" and "wash trade" which are methods of manipulating the trades of their token to look like there are lots of buyers and sellers at an increasingly high-price, when in actuality there are very few. Many exchanges are complicit in this because they feel the higher volume makes them look legitimate as well. + +Do **not** rely on steady price increase, or high-volume to tell you if a project is legitimate, especially when it is only highly traded on low tier exchanges or if all of its volume is highly concentrated to specific exchanges. + +The other volume issue is transactions. Blockchain projects love to brag about the number of transactions they do per day, the number of wallets they have or the number of tx/s they can process. + +At the end of the day, any project worth their weight in salt can write a script to spam transactions to the network at almost no loss, and they can mass produce wallets quite easily. + +Plus, since every blockchain processes "transactions/operations" differently it's extremely hard to compare these directly. + +Many projects will claim that this is mass adoption, or that they clearly have the highest user base or most real world use cases because of these results. You should always take them with a grain of salt and do further research. + +When projects are truly the most-used, or biggest in their field they don't brag about it, because they don't need to. They have become the de facto representative of that industry. If someone is telling you they are the best, the most used, etc it is usually puffery designed to bolster their position. +Over the previous there was always some article about some 30 year old who had saved hard and became a property millionare in Sydney or Melbourne. When you read in they basically borrowed to the eye balls and kept reinvesting from capital gains. +What situation are they in now with the recent burst? + +Edit: spell check +The pact, announced by the Communications Workers of America union, stands to end a six-and-a-half-week work stoppage and one of the longest U.S. strikes in recent years. +Hello, I want to share with you my research this months and why this is the biggest fraud on history. + +I’m holding since the start of february GME and AMC, for the purpose of this post, I’ll touch in one or another but the facts apply on both, I’ll cover the fundamentals since this community has grown pretty fast, but first of all, *this is not financial advice*. + +I also hope congress people inform themselves a little. all the congressional hearings I’ve seen, were a complete disappointment, they didn’t seem to understand the concepts ([or they prefer to ignore it because they were bribed](https://youtu.be/vX2X8xxHEns?t=3241)) ([source2](https://twitter.com/dog_shill/status/1392848634916507648)) and when important questions were asked “your time is up”, we are talking about the whole economy, should not be taken lightly, and that they were being lied in their faces. + +&#x200B; + +[Nobody seems to see the elephant on the room](https://preview.redd.it/yr9tw1fsrxy61.jpg?width=1080&format=pjpg&auto=webp&s=6680d3cb11fb85b89ce207e04439ce1ae94eac8c) + +How the economy has been carried by financial terrorist or the gravity of the actions that have been committed by predatory hedge funds and MM for years benefiting just themselves at the expenses of hard-working people which later are the ones paying the consequences for their gambling. + +Do you know that types of persons who blame on others what they really are, “gambling”, “inexperienced”, “how do we protect them”. When we are the ones being robbed billions every year, nobody says nothing. + +This time we know what they are doing. + +&#x200B; + +**Ownership** + +As you heard from the own [AMC CEO Adam Aron](https://www.youtube.com/watch?v=XjqCaNKsSbc), retail investors (**diamond hands apes**) have almost the whole ownership of AMC, on the case of GME, there’s most friendly whales who want to see Citadel going down (whales battle) for the money they made them lose on TESLA between other facts, but let’s be real, with the billions of naked shorting we probably have the whole ownership of both several times, and we are not selling, neither them, instead the data show that we all are **buying** and **holding** and the buying power is skyrocketing with all the bullish sentiment. + +But why do I think we are at more of 100% ownership? Maybe even several times the shares outstanding, well first of all we were on a **87.5% ownership** 2 months ago as I disclose on [my first post](https://www.reddit.com/r/Wallstreetbetsnew/comments/lke7pg/a_message_from_deepfuckingvalue_and_me_all_gme/), and we have been doing nothing different than **buying** and **holding** [my broker](https://capital.com/trading/signup?c=mqfvq5bc&pid=referral) graph hasn’t changed at all, and with more apes joining as AMC shareholder as the months have passed. + +At the time writing this post the data shows we are on a **79.3% ownership** in the case of AMC so let me understand, we lost an **-8.2%** ownership while buying and holding, doubling down and new apes joining all this time? that does not make any since, without considering the fails to deliver, these days, I’ve seen apes post dropping **$20k**, **$50k**, **$100k** one even drop almost **a million**. + +&#x200B; + +https://preview.redd.it/7jnv8ua5sxy61.png?width=1800&format=png&auto=webp&s=b169e160b9aab8eec9f0d472a958c8856e781599 + +**Fraud** + +*Wrongful or criminal deception intended to result in financial or personal gain.* + +Is not surprise than the financial system is rigged to benefit the 1% while the 99% get robbed but let’s dig a little more on the fundamentals. + +*(First person analysis)* + +When you go **long** all that you can lose is your investment if you close your position or the business goes bankrupt, when you go **short** since you should buy back the shares if the value goes up the loses can be **infinite** so, as you love to profit from fraud and as a professional market manipulator, you’ll do all the possible to make the value go on your profit, if you bankrupt the business, better for you, you get free *no tax* money, the investors lose all their investment and employees loses their jobs, so their income to sustain their families, but you don’t care about that, you now can buy an expensive new mansion. + +&#x200B; + +https://preview.redd.it/dpkkmad9sxy61.png?width=603&format=png&auto=webp&s=d8347f4ea509896d656c3a13de912b238c0e8735 + +Let's disclose the illegal tactics predatory hedge funds are using and had been using for years to manipulate the market in their benefit making billions in the process: + +**1. Payment for order-flow and Frontrunning** + +You pay millions to brokers like robinhood to redirect their users order-flow for trade execution (a penny for each transaction), but you aren’t losing money, that’s not how it works, you want to steal most of it, so you start front-running those trades, is illegal and unethical but is “*business*” so then you’ll use that data on your advantage, as the daylight robbery is profitable, you keep buying that order-flow from different brokers, is like farming money without moving a single finger, HFT do the dirty work. + +**2. Massive shorting**: You see a company having a hard time to survive cause the pandemic or any other reason, and they are trying hard to avoid bankruptcy, there’s a lot of employees who income depends on that job, as the greedy parasite you are, you borrow millions of shares and sell them short, on a short period of time, making the value of the stock aggressively drop, investors get scared and sell, so the sell pressure plus your short pressure send the stock price of those companies to the ground and you gain millions / billions, in the best scenario for you, the company goes bankrupt cause then you get free *no tax* money. + +The orders get executed all at once doing the candles to have an abnormal behavior (like happen on january), almost all of the time are corrupted hedge funds behind it, and investors have no other option than suffer loses, almost all of them gets scared and sell at lose, this is the “cleanest” way benefit you, still market manipulation but hey is “*business*”. + +**3. Media Manipulation**: *Series of related techniques to create an image or argument that favors their particular interests. Such tactics may include the use of logical fallacies and psychological manipulations.* + +&#x200B; + +https://preview.redd.it/ix64kfvksxy61.png?width=1280&format=png&auto=webp&s=15dcdad77acd94cdd29f494f4c210d98a71ce77d + +So, if the plan is not working like you expected since the investors know the company can recover and the price is rising, now you are losing, better call your puppets on the media to push your agenda it works almost all the time, they’ll say the company is the worst and they going to bankrupt for bad management, push fake investigations against the company, media articles, etc. + +Don’t forget your puppets on CNBC and Marketwatch (they’ll remove those companies from the high short list), but let’s also call your professional push and dump pupped [Jim Cramer to disclose that to you ](https://www.youtube.com/watch?v=W90V_DyPJTs&t=3s)(***They’re not confessing, they’re bragging***) legal or illegal it does not matter, the important is that this affect the market for your profit, the SEC?, those are your dogs and you pay the penalty (bribery) and you have green light to keep doing “*business*” (robbing the smaller institutional investors and retail investors) + +&#x200B; + +https://preview.redd.it/0gnqwcw4txy61.jpg?width=1200&format=pjpg&auto=webp&s=9438dfb1a807a92f7484fe2c9fe20637b96faaa1 + +https://preview.redd.it/ba6bnjposxy61.png?width=600&format=png&auto=webp&s=29b7842eb0e723b0e8c0aa3e942ef0416ac622ef + +SEC will go away happy with the pennies sitting in their ass [checking porn](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwivzuGw_MbwAhWpVTABHUjHCUQQFjAAegQIAhAD&url=https%3A%2F%2Fwww.reuters.com%2Farticle%2Furnidgns852573c4006938800025770e005fc355-idUS217604535120100423&usg=AOvVaw2sYc7Bqu_rprwkqGrL2XWx) and WSB [post the whole day](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwip_cGxz8bwAhVNdt8KHUzYAygQFjACegQIAxAD&url=https%3A%2F%2Fwww.reddit.com%2Fr%2Fwallstreetbets%2Fcomments%2Flc941y%2Fthey_want_to_investigate_wsb_the_sec_are%2F&usg=AOvVaw00eVvgQ6lzmexnS2dSfp_b) and then [clamming market m](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwj-3_TE_MbwAhVgQTABHfFMBe8QFjAAegQIBBAD&url=https%3A%2F%2Fwww.reddit.com%2Fr%2Fwallstreetbets%2Fcomments%2Flc941y%2Fthey_want_to_investigate_wsb_the_sec_are%2F&usg=AOvVaw00eVvgQ6lzmexnS2dSfp_b) + +[anipulation](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwj-3_TE_MbwAhVgQTABHfFMBe8QFjAAegQIBBAD&url=https%3A%2F%2Fwww.reddit.com%2Fr%2Fwallstreetbets%2Fcomments%2Flc941y%2Fthey_want_to_investigate_wsb_the_sec_are%2F&usg=AOvVaw00eVvgQ6lzmexnS2dSfp_b) at a bunch of middle / poor class people investing who are the ones being robbed, calling themselves retards and sharing memes. + +&#x200B; + +https://preview.redd.it/l2mkqkfatxy61.jpg?width=500&format=pjpg&auto=webp&s=158a40f488b175894f1ce9de092acb4d14e549b1 + +**4. Spread Misinformation** If media is not working like you expected you can open your rat cage and send a bunch of shills and bots to spread FUD and misinformation, you can also offer money to corrupt the mods on WSB like you did on February to delete DD post and ban OP with a bit of rotten cheese, they will follow your orders. + +&#x200B; + +*Looks like the rats are ready to go:* + +*SILVER…WEED …SNDL…DEAD CAT. GME $48, AMC $5 AND IT’S GOING DOWN. I CARE FOR YOU MONEY AND YOU ARE GOING TO LOSE ALL IF YOU DON’T SELL. SELL AT LOSE TO SAVE THE “FREE” MARKET!!* + +&#x200B; + +https://preview.redd.it/qpzzhtqsvxy61.png?width=606&format=png&auto=webp&s=c759017d03d9617860f3afcb49d3820e0e160761 + +&#x200B; + +[this is just a few, there are dozens of data rolling on the sub](https://preview.redd.it/1mp0ccylwxy61.png?width=750&format=png&auto=webp&s=8b485fe9bc4a85e9736be7d97553a3e86a0dbbc3) + +&#x200B; + +Dit it worked? Well... and don’t forget all billions are now yours, did you say new mansion? + +&#x200B; + +https://preview.redd.it/ysza7awctxy61.png?width=640&format=png&auto=webp&s=36cd927912beb7d2cb5f08a637233dc696bbd82a + +They tried to bankrupt Elon Musk business in 2008, imagine sending into bankrupt the business of the only person who is doing something for the world, electric cars, solar panels, going back to the space and save us from a possible extinction event in a future, global internet service at fast speed, and they tried to send them out of business, just to profit, these are the type of scumbags that we are dealing with . + +Now AMC and GME, emblematic US business working since the last century and just because they were hit hard by a pandemic they wanted to bankrupt them, leaving thousands of people without income, but they didn’t care. + +First of all shorting was supposed to uncover fraudulent business when you think their value is higher than they are really producing and could be dark numbers going behind (money laundering, drugs, etc), also when you think other is overvalued, never was supposed to send to bankruptcy business when they are facing a bad financial situation, and upon all that on a pandemic, that’s just disgusting and inhuman. + +They weren't trying to make profit by shorting AMC and GME, they were trying to send them bankrupt AMC CEO declared he was at almost [6 weeks of run out of money](https://youtu.be/XjqCaNKsSbc?t=874), so corrupted hedge funds get 100% no tax gains, that would have been like the end of a movie theaters since amc is one of the biggest one, and the end of a big part of the legendary game industry. + +&#x200B; + +*If nothing of the above worked let’s use brute force it’s highly illegal but you aren’t losing against a bunch of middle class / poor apes on reddit, pss!, did I tell you also steal investors money by doing it?* + +&#x200B; + +**5. Naked shorting**: Illegal practice of short selling shares without borrow them first so the shares don’t exist and the short pressure end up being larger than the entire shares outstanding. + +**6. Fail to deliver**: In the case of buyers, it means not having the cash, in the case of sellers in means not having the share, this is the next step of **naked shorting,** basically an investor has bought a phantom share that a corrupted MM / HF created to keep shorting but since that share does not exist can’t be deliver to the buyer. + +**7. Stock Market Glitch**: An investor buy a share, your broker with or without your knowledge lend it, in this case to a predatory hedge fund and you receive an interest bellow $0.005 or less, they sell it short, then somebody buy it again, and his broker lend it again, like a loop, this is well known by corrupted hedge funds so they use it to their advantage. + +What do we have at the end, well, the pressure of millions of shares that were shorted more than once plus the millions of naked short. + +Citadel have been caught several times with [this fraudulent practice](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/), and they just receive a penny of penalty compared to the billions they gain for it a lucrative “business”, i prefer to call it by the correct name, Robbery and bribery, after that, they have green light to go and keep doing the same. + +**8. Short ladder**: Two corrupted hedge funds trade shares back and forth between each other at lower and lower prices in order to trick the system into “thinking” a massive sell off is going on, and get investors into panic selling. As they have advantage above others they can sell at fractional in other words spend less money while manipulating the market, if the price goes up cause people are still buying after all those phantom shares, you are digging a massive hole. + +According to [IBorrow](https://iborrowdesk.com/report/amc) on 04/15/2021 there were just 100 shares available to lend, but on [NASQD](https://www.nasdaq.com/es/market-activity/stocks/amc/latest-real-time-trades) the transactions showed there were being shorted several times that amount (hundred and thousands), and the most important, on fractional price, upon that using [HFT](https://www.investopedia.com/terms/h/high-frequency-trading.asp#:~:text=What%20is%20High%2DFrequency%20Trading,orders%20based%20on%20market%20conditions.) so every fraction of second thousands of phantom shares were being sold short, nothing different than printing counterfeit money but worse since they steal billions of poor people, send business to bankrupt, create unemployment, damage the economy, etc. + +And after all that they call retail investors “dumb money” so they think was their failure for making bad investments. + +https://preview.redd.it/xv7qa2sgtxy61.png?width=1360&format=png&auto=webp&s=97914a3e2361d1c4d9285d3927774075d4c4d546 + +**9. Dark Pool** + +*Dark pools allow institutional investors to trade without exposure until after the trade has been executed and reported. Dark pools are a type of alternative trading system (ATS) that give certain investors the opportunity to place large orders and make trades without publicly revealing their intentions during the search for a buyer or seller.* + +This is one of may forms why the price has been dropping even when the stats show 4 - 1 on buy vs sell, since like the brokers (like robinhood) send the order-flow for execution at citadel and they redirect them to darkpools, and on the market just gets executed the sell orders, short ladder and all those dark stuffs, we’ll never know exactly what’s going on until the flashlight point to those shady accounts. + +Notice how much volume is being diverted to FADF (google it - large Dark Pools), this while sell orders hit the NYSE/Nasdaq, This tactic can be used to suppress buying pressure. + +Closure + +**Why they’re doing this?** + +They have been stealing people's moeny for years by sending thousands of businesses to bankrupt, remember the money is just a tool invented to avoid barter, so when somebody receive money is in exchange for a product or service, in financial case a stock, but if the market gets manipulated then people are losing their money for nothing (steal), having that in mind we can continue to the OBV. + +**OBV** + +*On Balance volume is a technical trading momentum indicator that uses volume flow to predict changes in stock price.* + +If you take it on consideration, you can see an abnormal behavior of AMC and GME compared to other stocks, we have seen AMC and GME massive drops while people are buying, ally whales buying, and nobody selling, since the price has been manipulated the price of AMC could be on the hundreds and GME over a thousand, could be even more since the market manipulation has been aberrant that probably all estimates could fall short. + +&#x200B; + +**False Testimony in congressional hearing** + +On the first congressional hearing while they were still doing all the manipulations tactics mentioned above while they declared to have covered their shorts by their own dirty mouth and sending the script to media and shills, but we didn’t because we know the truth, we aren’t leaving AMC Teathers and GameStop at the mercy of greedy parasites, we are tired of this corrupted financial system where a few ones play with the economy and all the hard-working people. and the world end up paying the consequences, and on top of that they profit with billions instead of go to prision. + +*I’ll read the script on that teleprompt a team of lawyers are writing... when I was a boy in Bulgaria…* a buch of nosence to burn time. + +&#x200B; + +**What to do then?** + +**BUY, HOLD AND USE SOCIAL MEDIA TO SPREAD THE TRUTH.** + +Our voice has been silenced for months by most of the mainstream media (puppets), the important part here is that they need to cover, that’s our only tool here, the beauty of this is that we didn’t fall for all the market manipulation techniques describe above, millions of people online saw the truth and they clung to it, that’s historic. + +We together have a power bigger than any other fund in the world such that the value of the stock have been going up even when they have been using powerful machines in their advantage to illegally manipulate the market, excepts we are completely decentralized and entirely democratic. I’m not going to say r/wallstreetbets cause you know they sold us like a piece of meat for money to corrupted Hedge funds, that sub now is just bots, HF interns as mods, shills talking with themself their script (cringe), push and dump. + +**What we have been using unlike them?** Our hard work money, some people their retirement funds, some people their live savings, loaned money, some have sold items as cars, bikes, etc, to support AMC and GME. + +&#x200B; + +The government need to stop saving those market manipulators at the cost of the people, they didn’t use their power to create new business / stimulate the economy as should, instead they use it in their own benefit, friendly whales can do a better job, without stealing people’s. + +And if they don't they know they better don't betrayal the world like the corrupted ones are doing right now, cause apes also will be there, to protect those business. + +&#x200B; + +https://preview.redd.it/8tyz1d1ktxy61.png?width=603&format=png&auto=webp&s=78b0f1ea3ef3358dea65412377c4f91a1c59153a + +This is probably not going to happen again in the history, we diamond hands know that so don't sell all for less than we deserved for [years of market manipulation](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/), for all those businesses that were driven into bankruptcy, for 2008, 2011, securities fraud, wire fraud, perjury, war financing, money laundering and I could keep going. + +Regulations are coming at record time, you know why? cause the SEC knows when this fraud start coming to light eyes are going to look at them too since they were the ones that supposedly should have protected the market but they didn’t, instead allow it and receive bribery in exchange. + +Now keep going. + +Fintel claims Si at on AMC 32%, then they change it at 12%, it does not matter we know all those numbers are fake, we know the amount is on the billions on GME and AMC, so is several times the shares outstanding due to naked shorts, so we are talking on a SI, of 100% + the counterfeit, that could be 2, 3, 5, times, we’ll never know until those numbers start coming to light, also we don’t know how may apes and ants are out there, but we know are millions. + +So if Volkswagen squeeze was with a **12.8%** and the price reached almost $1k, here we are talking of 100% + the counterfeit, that’s why the floor is more than real, this is an unprecedented situation, they are on a blackhole, and they know it, so they have no more than keep naked shorting, until they are forced to cover or go bankrupt. + +But let’s be real they deserve bankrupt and prision, and the federal reserve must print our tendies, why? cause the are part of the biggest scam of history, FINRA, NYSE, SEC, CONGRESS, DTCC are on bed, they allowed this or are bribed, remember that, so don’t accept less than you deserve. + +&#x200B; + +Now that you all can see what I see months ago as i disclosed on one of [my first post](https://www.reddit.com/r/Wallstreetbetsnew/comments/lke7pg/a_message_from_deepfuckingvalue_and_me_all_gme/), we are on a different situation, not just that but the situation behind was even worst, I didn’t know in that time that the [whole system was a scam](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/). + +In conclusion when they start covering the value will rise on the thousands, without counting the fails to deliver so if all diamond hands and friendly whales hold $**X's** + +&#x200B; + +With the biggest wealth redistribution on history, we diamond hands apes, will invest on start up’s that help the planet (plastic pollution, climate change, world hunger, water, create business, etc), pay debt, help our families, parent’s debt, buy on local business, so push the economy, things that wall street / corrupted hedge funds have never done, just benefiting themselves for years. + +I am not going to buy a Lamborghini or million-dollar houses, that will put me on the same level that **corrupted Funds and market manipulators.** + +We will d\*e some day when older and that car is not going to the other world with me, I want to leave something for the world, put my name on history books, but with the current corrupted financial system is hard to climb that ladder. + +&#x200B; + +https://preview.redd.it/u3hkd5q9uxy61.jpg?width=700&format=pjpg&auto=webp&s=a2e310ba3822885f27f765508e080e82b79dc070 + +Citadel, Melvin and his corrupted ally’s which together are on the trillions can’t pay? well, then they’ll go bankrupt (in first time they should never have existed and be allowed to manage our money, that’s just absurd obviously they are going to steal our money). + +We have been focusing on Citadel and Melvin but isn’t just them, there’s also a lot of hedge funds (big and smaller, banks) who are behind this, just to mention Susquehanna International Group is like 2 times the size of Citadel, both made huge bets during the pandemic and gained big while the world lost it, where do you think those trillions went? right, to those 1%. + +&#x200B; + +https://preview.redd.it/zrcaauhcuxy61.jpg?width=284&format=pjpg&auto=webp&s=3266301b16d395adbe53acefbd33cedf9599488a + +The SEC and "regulators" has failed to provide a fair market and protect the little guy, instead they were all in bed, we were being robbed for years, the working class, the ones who make this country what it is, corrupted hedge funds just go to the office start the computers to do HFT, steal our money, send startups and business to bankrupt, create unemployment, keep everything to themselves then buy luxury and absurd expensive things while the people’s die from hunger and contamination send the world to burns in hell, **THIS PLANET IS OUR ONLY HOME ALSO** **THAT’S OUR STOLEN MONEY AND BANKRUPTED COMPANIES / STARTUP MONEY.** + +&#x200B; + +[let's gamble with the economy, get a bailout with the working class money and finally we'll laugh at them](https://preview.redd.it/4jckzcv2vxy61.png?width=653&format=png&auto=webp&s=120f5fac110a9037906851168e2a9a8f6d6db897) + +&#x200B; + +The question is, will this be the first domino piece?, look the repo market, look the leverage, they have been playing with the economy again like 2008. + +&#x200B; + +https://preview.redd.it/3nlwm4t6vxy61.png?width=520&format=png&auto=webp&s=bac90c9a2b52c7079bee3f487d3a21e8e901f778 + +&#x200B; + +Probably fake media will try to push their fake agenda to left us like the bad ones again, when we simple play by the rules of a corrupted game, + +The reality is that we saved business from bankruptcy with our hard-work moeny, what they have been contributing for the society apart of steal? + +**Fake media already tried to left us like villains.** + +Do you remember those articles on the first *newborn* squeeze on January saying: we were Russians, the same responsible for the Capitol Attack, we have been posting racist post against black people (also racist), antisemitic stuff (more racism), and other dozens and dozens amounts of BS. + +*Like, I’m sorry I asked for a home loan of $300k and not $500B in leverage to gamble, All we did was buy a stock we like, If that’s all it takes to hurt the market. The market is broken on the first place, we are holding a stock and air (countherfeit shares), the 1% are holding the money that the the 99% does not have by committing fraud.* + +Fake media have been for months leaving us like villains and I’ve seen years of [script to brainwash people. ](https://www.youtube.com/watch?v=QxtkvG1JnPk) + +We are common people, students (*I’m a college student and freelancer artist*), nurses, essential workers, etc. people that run thE country. + +Also if they go away with this future investors will suffer the same, we have the tools now to stop them and this situation might not repeat on the history since they’ll keep robbing people’s money and don’t get caught with the pants down again, don’t be a paper hand, diamond get created under pressure, why get pennies when you can get a lifechanging. + +&#x200B; + +**On 04-17-2021** and this days have you seen the synchronized crypto crash? (push and dump), if you think this is retail, you are living in another reality, as you can see they are manipulating also the crypto market to steal people's money, again this are the thieves we're dealing with, we are fighting against greedy parasites committing the biggest fraud in history. + +https://preview.redd.it/w29duvgcvxy61.jpg?width=640&format=pjpg&auto=webp&s=e0ace54f69d5c317e6ab27839009177f1c7ff889 + +By the liquidity issues, and the crypto crash looks like hedge funds have been also playing over leveraged, no just that but this time the mortgage bonds are treasury bonds shorted to oblivion, in other words, they gamble hard with the US economy like they did on 2008. + +So Citadel and friends have shorted the treasury bond market to oblivion using the repo market. Citadel owns a company called Palafox Trading and uses them to **exclusively** short and trade treasury securities. + +Parafox manages one fund for Citadel – Citadel Global Fixed Income Master Fund LTD. + +Total assets over $123 Billion and 80% are owned by offshore investors in the Cayman Islands. Their reverse repo agreements are **entirely** rehypothecated and they **cannot** pay off their own repo agreements until someone pays them of, first. The **entire** global financial economy is modeled after a fractional reserve system that could beginning to experience the mother of all margins calls. + +&#x200B; + +**Final** + +There were heroes who were fighting against corruption and fraud alone, others that were victims of it whose voices were silenced, and all the John Doe and Jane Doe we never knew about, don’t forget them. + +&#x200B; + +[Alex Kearns](https://preview.redd.it/ngt9bftjvxy61.jpg?width=1908&format=pjpg&auto=webp&s=fb3d78b48dab0b96ada4d2241237e2c9cf428cf8) + +&#x200B; + +[ Daphne Caruana Galizia ](https://preview.redd.it/w60tygelvxy61.jpg?width=640&format=pjpg&auto=webp&s=31722f78555c5b29fd433eeddc7715b55b10a9c8) + +&#x200B; + +https://preview.redd.it/34qq1o0635271.jpg?width=400&format=pjpg&auto=webp&s=ef23113c132b5274ed203de2a051452e90fe114b +Source for the claim: https://np.reddit.com/r/btc/comments/7jg265/1000000_bitcoin_cash_wallets_have_now_been/dr6qf17/ + +Go here to report: https://safebrowsing.google.com/safebrowsing/report_phish/ + +Roger Ver's site: www.bitcoin.com + +As pointed out by /u/codedaway below, you can also report /r/btc to reddit for violating reddit's self promotion rules. + +Edit: as was pointed out by some, phishing might not be matching exactly. Wiki defines phishing as "Phishing is the attempt to obtain sensitive information such as usernames, passwords, and credit card details (and money), often for malicious reasons, by disguising as a trustworthy entity in an electronic communication.". I think that the last part is the most important aspect. Roger Ver and thus Bitcoin.com seems to try to disguise - with their app and what Roger Ver wrote in the linked comment - bitcoin cash as a trustworthy entity (bitcoin). In my books this is close enough to be counted as phishing. The means might be different but the intent is the same. Please decide for yourself. + +In the end this is only a report - so google and reddit have to decide whether they are legit or not. +# Matt Furlong has been $GME CEO since June 21, 2021. + +# Total compensation for Furlong, who became CEO on June 21, includes stock awards valued at nearly $15 million + +STOCK AWARDS. Reminder, the CEO is hodling with an average cost basis that probably surpasses many of us here. Of the \~$15 million in compensation, don't miss this: his total compensation included a prorated new-hire bonus of $1.59 million, **stock awards valued at $14.85 million** at the grant date and all other compensation of $250,453, most of which was comprised of relocation benefits. + +Yes, most of his paycheck is in the form of shares. Note: the total value of the stock awards granted will vest over a four-year period. + +You're doing a great job, Matt. Keep up the good work. + +That is all. Carry on. +[https://blog.coinbase.com/updates-to-coinbase-pro-fee-structure-b3d9ee586108](https://blog.coinbase.com/updates-to-coinbase-pro-fee-structure-b3d9ee586108) + +If your monthly trading volume is below 100k, your costs are going way up for the second time this year. + +Where they used to have one < 100k tier at 0.25% taker and 0.15% maker, they split that in to three brackets. + +**< 10k:** Both taker and maker are half a percent. Meaning a round-trip is now a full percent. + +**10-50k:** Both taker and maker are 0.35%. + +**50-100k:** These are the older rates of 0.25% taker and 0.15% maker. + +Institutional folks see lower prices for all tiers above 100MM. + +A pretty shitty move, overall. Looks like they want us little people to subsidize the large institutional traders. +# DEBUNKED UPDATE: Because the R^2 value says there is other things at play in the observed relationships, this means that the title of this post is wrong, but you can still learn from it, so I'll leave it up. It's important to build knowledge and admit when you're wrong - that's how we find truth. Thanks to all the stats apes that helped point out the flaws in this. Back to the drawing board... + +Hi Apes, Bob here again. I got a bit interested in the repo rates and how they might relate to GME. So I told my wife she cannot see her boyfriend until she runs the numbers. Naturally, she did this as fast as possible so she can get back to spending time with those that matter most to her in life, so please forgive me if anything is out of place here. + +**TADR at the bottom** + +As you’re probably aware, the reverse repo rate has been steadily climbing in the last couple weeks, and we’ve seen 3 record high days in a row now, with today (6/10 being $534B). That’s a lot of tendies piling up … + +&#x200B; + +https://preview.redd.it/889hrclb4j471.png?width=624&format=png&auto=webp&s=fbfd255d193a1f699b24a911854b0c35200cee10 + +Now, the best way to see if there is a relationship between two variables, from a scientific perspective is to run some statistical analysis on it. So, we compared the daily reverse repo rate to a few things I was interested in. + +**Before we get started, remember** [**correlation is not causation**](https://en.wikipedia.org/wiki/Correlation_does_not_imply_causation)**. But such a strong p value looking at data over the last 2 years does imply there is a very strong relationship between the compared values.** + +**Running a** [**bivariate analysis**](https://en.wikipedia.org/wiki/Bivariate_analysis)**...** + +**Edit**: Thanks all the stats apes that picked this apart, and a big fuck you to the ones that did it in a dickhead way. I'll be running more analysis on the numbers as suggested and may do an updated post later. **The takeaway here is that, while there** ***is*** **a statistically significant relationship between the variables presented, they do not explain the entire situation, as the R\^2 value is too low to provide a good fit. AKA, nothing is conclusive at this point, and we need to do more research to verify exactly things fit.** + +# Thesis: + +Reverse repo has a positive correlation to: + +· The total value of FTDs for GME; + +· The Opening Price; and + +· The average price for any given trading day. + +# Reverse Repo Daily vs FTD Daily Value + +## Why is this relationship expected? + +I would expect there to be a positive correlation between the reverse repo amount and the value of the FTDs in GME *if* our beloved stonk is so shorted and manipulated that it is affecting the liquidity requirements of all the sHFs and upper layers to the extent that they have to borrow BILLIONS (edit: of collateral) PER DAY to meet their obligations. + +## What are the results? + +There is a clear relationship between the reverse repo and GME FTD value on a daily basis, with a p value of < .0001, meaning it’s statistically related. + +**Edit**: the R\^2 value is low, so that means the observed relationship here only accounts for roughly 8% of the correlation. + +## What does this mean? + +Well, besides HFs r Fuk, it means the rise in repo rate is likely correlated to the rise in FTD value for GME on a daily basis… To The Chart! + +**Edit**: Remember, the R\^2 value being low means there are more things at play here than a direct 1-1 cause and effect correlation + +&#x200B; + +https://preview.redd.it/mfoihlzc4j471.png?width=410&format=png&auto=webp&s=31d2260900e43f1194ab8fbc77adc27132b39652 + +# Reverse Repo Daily Vs Avg Price + +## Why is this relationship expected? + +I would expect there to be a positive correlation between the reverse repo amount and the average price of GME on any given day *if* our beloved stonk is so shorted and manipulated that it is affecting the liquidity requirements of all the sHFs and upper layers to the extent that they have to borrow BILLIONS (edit: of collateral) PER DAY to meet their obligations. We use average price to capture the daily price-related roller coaster. + +## What are the results? + +There is a clear relationship between the reverse repo and the average price of GME on any given, with a p value of < .0001, meaning it’s statistically related. + +**Edit**: the R\^2 value is low, so that means the observed relationship here only accounts for roughly 29.26% of the correlation. + +## What does this mean? + +It’s more confirmation that Hedgies r fuk, and we are on the right track with our DD. STATISTICAL confirmation. Bonus, the chart is green because its such good news! + +**Edit**: Remember, the R\^2 value being low means there are more things at play here than a direct 1-1 cause and effect correlation + +&#x200B; + +https://preview.redd.it/uqstojqd4j471.png?width=497&format=png&auto=webp&s=75f4e2fe745687fd84ab20ad37b33baffaace00d + +# Reverse Repo Daily vs Opening Price + +## Why is this relationship expected? + +I would expect there to be a positive correlation between the reverse repo amount and the opening price of GME on any given day *if* our beloved stonk is so shorted and manipulated that it is affecting the liquidity requirements of all the sHFs and upper layers to the extent that they have to borrow BILLIONS (edit: of collateral) PER DAY to meet their obligations. We use average price to capture the daily price-related roller coaster. This is especially true, given the timing of the repos. + +## What are the results? + +There is a clear relationship between the reverse repo and the opening price of GME on any given, with a p value of < .0001, meaning it’s statistically related. + +**Edit**: the R\^2 value is low, so that means the observed relationship here only accounts for roughly 27.42% of the correlation. + +## What does this mean? + +Well, this one’s really exciting! The chart exhibits a classic long-neck ape formation with a bullish AF correlation that means… + +**Edit**: Remember, the R\^2 value being low means there are more things at play here than a direct 1-1 cause and effect correlation + +&#x200B; + +https://preview.redd.it/q6pjueje4j471.png?width=503&format=png&auto=webp&s=3f803e1a06a85370200a03e732dfd12bef5905d8 + +**TADR**: We ran the numbers, and they came back saying hold, buy, and … well we already voted (great job everyone)! The numbers say that it’s likely that as GME has more FTDS and higher prices, it puts more and more and more pressure on the entire financial system. + +**Edit**: That said, the other numbers started arguing with us and pointed out that GME's prices and FTDS only affect a portion of the growing RRepo bubble. + +https://preview.redd.it/2da8ul3f4j471.png?width=544&format=png&auto=webp&s=569e7ba17117486f69c3a6ca010e4e4ea4db37f0 +So after years of financially ‘winging it’ and the prospect of increased bills as the cost of living crisis looms I’m on a mission to get my s**t together and start budgeting properly come the start new of the new financial year. + +I’m self-employed and have recently separated my income and personal spending - which up until now was all mixed in together in a Lloyds current account - by opening a business account with Starling. + +I’m now looking to consolidate my personal finances and with budgeting in mind (and with no real need for a high st. bank) I’m thinking Monzo or Starling will be a smart move given the access to saving pots, monthly spending reports etc. + +I was initially keen to use Monzo for my personal account as it would help me mentally keep the two apart… Business = Starling, Personal = Monzo. + +However I much prefer the idea of banking via a desktop app which only Starling currently supports. + +I just wondered what other people have found to be the pros and cons of Monzo and Starling, which they prefer and why? +I have been steadily placing extra funds in as time has gone by, no large sums as none of us really knew what was going to happen! + +I am suprised and some what curious as to why such a quick turn around has occoured. I remember seeing posts of people saying how badly they had messed up buying and myself reading.. well thats me right there! + +Time in the market really is the key factor that I am taking away from this. I understand its a bad example with SUCH a quick turn around, but should another drop occour for any reason, I know to just bide my time and wait it out. + +Thank you to all the knowledgeable and wonderful people of UKPersonalFinance! +I've come across mixed opinions when it comes to installing solar panels on your roof, from it affecting a sale of a property to them being so useful they actually start to make you money. Is there any advice for someone considering to purchase a property with then installing solar panels in the future? Is it a good financial investment? Surely trying to be a little greener can't be this hard?! +The "contact me" page on her website is... wait for it.... non-functional. My shocked face. 😐 + +And all she's been doing recently is crying about mistreatment by... wait for it again... another journalist- on MSNBC who "emboldened her critics" after a past interview. She insists no one should trust ANY media journalist. You know... except for her, I guess. + +My other shocked face. 🙄 + +Lol I can't wait for all the shit so many "journalists" are gonna eat someday down the road here. + +Just keep DRSing your shit. Peace. + + +The original and official [r/SatoshiStreetBets](https://www.reddit.com/r/SatoshiStreetBets/), founded by David Gilbert, is launching SatoshiSwap on BSC; the first ever Decentralized margin trading protocol. **Token: SWAP.** + +**1 - $10M burn TODAY** + +**2 - 40% token lock TODAY** + +**3 - CMC pending** + +**4 - CG pending** + +**5 - #SafemoonSwap pending** + +**6 - 2nd massive burn announced for next week** + +**7 - Staking in 2 weeks** + +**8 - Dex w/10x margin trading (Q1)** + +**9 - Secret Utility TBA** + +**10 - Has its own dog #derpytoshi** + +[**www.SatoshiSwap.net**](http://www.satoshiswap.net/) + +**All the benefits of decentalization** + +\*Buy on PancakeSwap now + +\*No KYC – Jump straight in, with no registration verification or KYC/AML required + +\*Non-custodial - You are 100% in control of your funds at all time and there is no trusted third party involved in the process. Your keys and your funds! + +\*Decentralized Governance - Once the SatoshiSwap project reaches maturity the DAO will direct all aspects of development and governance through a probable flair voting scheme + +\*Decentralized price oracle system – This is no reliance on external third parties for price data (e.g. no chainlink, no centralized nodes) + +\*100% on-chain - The entire margin trading system is deployed on unbreakable smart contracts with no centralized components + +\*Tokenized Composable Positions – Margin positions are tokenized as composable NFT’s enabling in the future to be built on top of the protocol (DeFi lego bricks) + +\*Margin trading + \*Swapping + \*Lending + \*Liquidity providing + +\*Audited smart contracts + \*Battle tested defi components + +\*Insurance fund + +\*Experienced developers + + + +**SatoshiSwap token: SWAP** + + This will be a multibillion dollar market cap in the near future🕺 + +**NO TAX** on this coin. So can be listed at tier 1 exchanges (hint hint). + +Website: https://satoshiswap.net/ + +Telegram: https://t.me/SatoshiSwapOfficial + +Twitter: https://twitter.com/SatoshiStBets + +Discord: https://discord.com/invite/SatoshiStreetBets +So in this episode, I decided to take a trip abroad... + +To the Cayman Islands that is! + +And while I'm there, why not take a look under the hood of all the Private Investment Funds Kenny Keeps over there and a few other of your favorites too! + +\-------------------------------------------------------------------------------------------------------------------------------------- + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qiyigs/repost_billionaire_boys_club_bbc_ep_14_pop_quiz/) **POP QUIZ - What's Safer than a Bank & The Most Efficient Way to Avoid Paying Taxes? (Onshore)** + +[A smooth Brain Look at the Housing Market.](https://www.reddit.com/r/Superstonk/comments/qfqiz8/a_smooth_brain_look_at_the_housing_market/) + +[A Smooth Brain Look At the Banks (Part 2)](https://www.reddit.com/r/Superstonk/comments/qg5nxo/a_smooth_brain_look_at_the_banks_part_2/) + +&#x200B; + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +[Ahhhh..... that's better....](https://preview.redd.it/em4j2hdrzig71.png?width=1500&format=png&auto=webp&s=6e7e17609af56d0d1ccc7ad2d763879241bdfc76) + +TO GIVE SOME CONTEXT: + +Citadel Assets Under Management (AUM) = **$35 Billion as of Oct 2020** + +Estimate Cost to CURE world hunger by 2030 = **$330 Billion also as of Oct 2020** + +([Source](https://www.theguardian.com/global-development/2020/oct/13/ending-world-hunger-by-2030-would-cost-330bn-study-finds)) + +How much money does Kenny keep in the Caymans in his Private Funds? = **$269 BILLION** (Nice!) - Spread across 16 Funds in the Caymans as of 2021-03-31 + +\- Not exact as it's way too many digits to type into my Calculator... + +(I wonder why he likes to setup his funds there? Must be the WEATHER!... ya that's it, the WEATHER!) + +([Source](https://whalewisdom.com/filer/citadel-advisors-llc#tabadv_ownership_tab_link)) + +As of 2020-11-25 he had **$254.2 Billion** Parked in his Sunny Paradise + +As of 2020-05-28 he had **$265.5 Billion** Parked in his Sunny Paradise + +As of 2020-03-30 he had **$259.6 Billion** Parked in his Sunny Paradise + +So it does seem like there is quite a bit of movement throughout the year through these funds... + +Anyway... + +I decided to look into some of them. + +BUT BEFORE WE DO... + +DID ANYONE HAPPEN TO NOTICE THIS? + +As of first quarter 2021, Citadel Advisors LLC ran a Private Equity funding of $85 million for **BLIZZARD??** + +I wonder why Kenny wants to get directly involved in the gaming world???? + +\--------------------------------------------------------------------------------------------------------------------------------------- + +The biggest fund by far is the **CITADEL GLOBAL FIXED INCOME MASTER FUND LTD.** + +Last Reported, this had $117 Billion in it. + +According to their 13F filings, Kenny owns 5% of these funds directly through CITADEL ADVISORS LLC and 75% of these funds indirectly through **CITADEL GP LLC** + +\- But OBVIOUSLY other investors are putting money in here. ***This is not all Kenny's Money.*** + +**CITADEL GLOBAL FIXED INCOME MASTER FUND LTD** listed their FORM D with the SEC, to qualify as a Cayman Islands Tax Exempted Company here + +([Source](https://www.sec.gov/Archives/edgar/data/1554423/000180233221000003/xslFormDX01/primary_doc.xml)) + +Listed as the Related Persons to this Form D are the following: + +* Shawn Fa gan - We know him +* Kirk Davis - Pin High Limited - Bermuda +* Peter Huber Maples Fiduciary Services - Cayman Islands +* Clarendon Masters - Midsea Consulting Limited - Bermuda + +So... a quick search on Offshore Leads Database, gives us an idea of the players involved here... how they are connected, why some are based in Bermuda and some in the Caymans, and introduces us to a few more NEW players and rabbit holes to go down. + +([Source](https://offshoreleaks.icij.org/nodes/82008723?e=true)) + +&#x200B; + +https://preview.redd.it/er8rbcqvzig71.png?width=1124&format=png&auto=webp&s=d94b6b2f61e609d02959eff756ba987adf232677 + +But let's come back to this... + +FIRST... as good Ape DD demands... let's check if this pattern persists shall we? + +\--------------------------------------------------------------------------------------------------------------------------------------- + +POINT72 - Cayman Islands + +**$113,025,630,560** across **9 Funds** in the Caymans as of April 2021 + +[Source](https://whalewisdom.com/filer/point72-asset-management-lp#tabadv_ownership_tab_link) + +AQR Capital Management - Cayman Islands + +**$38,950,849,358** across **31 funds** in the Caymans as of May 2021 + +[Source](https://whalewisdom.com/filer/aqr-capital-management-llc#tabadv_ownership_tab_link) + +Bridgewater Associates - Cayman Islands + +**$92,905,829,957** across **26 funds** in the Caymans as of Mar 2021 + +[Source](https://whalewisdom.com/filer/bridgewater-associates-inc#tabadv_ownership_tab_link) + +Millennium Management - Cayman Islands + +**$295,029,150,000** across **4 funds** in the Caymans as of Mar 2021 + +[Source](https://whalewisdom.com/filer/millennium-management-l-l-c#tabadv_ownership_tab_link) + +Tiger Global Management - Cayman Islands + +**$82,946,312,380** across **12 funds** in the Caymans as of Mar 2021 + +[Source](https://whalewisdom.com/filer/tiger-global-management-llc#tabadv_ownership_tab_link) + +\--------------------------------------------------------------------------------------------------------------------------------------- + +So it's safe to say... the pattern holds up. + +And of course... Finance Guys using LEGAL offshore accounting practices to avoid tax is nothing new. + +I'm sure most of you just assume this happens, but it's how it's stacked against us that gets me really pissed off. + +But before we blow a gasket... + +\--------------------------------------------------------------------------------------------------------------------------------------- + +PUPPY BREAK!! + +Awww... look at you in your suit! Aren't you so cute! Are you dressed up for a job interview??? + +I hope you're not applying to be a banker! + +&#x200B; + +https://preview.redd.it/oioghaqwzig71.png?width=880&format=png&auto=webp&s=8758a521f89fb2dfabab26c0f666da21b0ca95a5 + +\--------------------------------------------------------------------------------------------------------------------------------------- + +So the whole thing about Offshore accounts... + +We know people get in trouble for that shit. + +But it is **LEGAL**... once it's SETUP right. + +But who the fuck knows if it's setup right or not? + +You think you could go out there and setup an offshore account yourself so you can keep your Post Moass profits tax-free? + +You think your local accountant around the corner can do that with 100% confidence he's not going to fuck it up and get you arrested? + +But Hedgefunds fucking know... + +BUT... they can't just open that up as a service to the general population otherwise NOBODY would be paying tax and the government would not be able to function... + +So what do they do? + +They set massive MINIMUM REQUIREMENTS to be even considered entry into these funds (Which is 100% legal of course) + +But basically... this LEGAL rule means this… + +Work 9-5 pay taxes + +Get a pay rise for working harder... pay MORE taxes + +Figure out a way to make $10 million... don't worry about paying ANY taxes anymore. + +\--------------------------------------------------------------------------------------------------------------------------------------- + +Citadel Fund Minimum Requirements + +CITADEL EQUITY FUND LTD. - **$0** + +CEIF INTERNATIONAL LTD. - **$0** + +CITADEL MULTI-STRATEGY EQUITIES MASTER FUND LTD. -**$0** + +CITADEL ENERGY INVESTMENTS LTD. - **$0** + +CITADEL KENSINGTON SIF 1 LTD. - **$200,000,000** + +CITADEL TREASURY INTERNATIONAL LTD. - **$0** + +CITADEL KENSINGTON GLOBAL STRATEGIES FUND LTD. - **$10,000,000** + +CITADEL TACTICAL TRADING LTD. - **$100,000** + +CITADEL GLOBAL FIXED INCOME MASTER FUND LTD. - **$0** + +CITADEL GLOBAL FIXED INCOME FUND LTD. - **$10,000,000** + +CITADEL QUANTITATIVE STRATEGIES MASTER FUND LTD. - **$0** + +CITADEL PRESIDIO FUND LLC - **$150,000,000** + +CITADEL KENSINGTON GLOBAL STRATEGIES FUND II LTD. - **$10,000,000** + +CITADEL EQUITIES FUND LTD. - **$10,000,000** + +CITADEL TACTICAL MASTER FUND LTD. - **$0** + +But what about the funds that have $0 minimum requirements Mr BadassTrader? Can I get into one of those? + +No dearest sweet ape… no1 gets into those! + +\--------------------------------------------------------------------------------------------------------------------------------------- + +So how do Citadel Do it? + +Before I dive in… **JUST REMEMBER**... this part is **SPECULATION**… because 1, I can’t prove anything and 2, this is **ENTIRELY LEGAL** anyway! + +Ok, so let's pretend for a minute that I'm Ken Griffin (Urrgh)... and I want to hide some money offshore for both myself and my clients so we don't have to pay pesky taxes like regular people... + +What do I do? + +SIMPLE! + +I pick up the phone to my friends at **PricewaterhouseCoopers LTD**. and I ask them, to set me up a company in the Bahamas that I can trade money through. + +&#x200B; + +https://preview.redd.it/v2e6xspzzig71.png?width=1548&format=png&auto=webp&s=b47120e258c656b500540d63a1b007538696a1c7 + +You see, as Ken Griffin, I already know that PricewaterhouseCoopers are EXPERTS at setting up these funds offshore... here's a few more they have done: + +&#x200B; + +[\(Who better to have setup your tax haven's than your Tax Auditor??\)](https://preview.redd.it/rydja5u10jg71.png?width=2134&format=png&auto=webp&s=059f6880d7b3f13e725e40bf52f362f24b05abc7) + +And PWHC are SUCH experts at this, that they have the FORMULA down to a TEE... + +To start, in order to make the company appear legit... you NEED A MAN ON THE GROUND! + +That's where Kirk Davis comes in... + +&#x200B; + +https://preview.redd.it/psgxjz460jg71.png?width=1595&format=png&auto=webp&s=2e32c3e427132704107cfd6b7baad91543a9c357 + +See PWHC know Kirk Davis well, they know he can be trusted and probably won't ask too many questions once we keep him on a good payroll... + +In FACT... they have used him several times before: + +&#x200B; + +https://preview.redd.it/d5ocdyj80jg71.png?width=620&format=png&auto=webp&s=04412b34635777ffee3f876802c337af430c5d78 + +# President and Director of Constellation Investment Partners Ltd... also AUDITED by PWHC + +&#x200B; + +https://preview.redd.it/5l5mwbma0jg71.png?width=1064&format=png&auto=webp&s=da2351f6946e3d82d9f2d68656ad7090b66bdde3 + +# President and Director of Slayden Partners Ltd... also AUDITED by PWHC + +&#x200B; + +https://preview.redd.it/i3hk2m2e0jg71.png?width=1020&format=png&auto=webp&s=b4884ba76d9dce6ca9ea24c81960d4f604c686a4 + +And in FACT... Kirk has an AMAZING CV... he is listed as President, Director or Secretary on 48 different companies (THAT WE KNOW OF) and funds setup under Bermuda Jurisdiction! + +[Source](https://offshoreleaks.icij.org/nodes/80055185) + +So let's give Citdel's Kensington Fund to Kirk! He's our man! + +\--------------------------------------------------------------------------------------------------------------------------------------- + +Think it's just a coincidence? + +Meet Edward Stern... President and Director of 9 different PWHC funds... + +[Source1](https://offshoreleaks.icij.org/nodes/82005559) [Source2](https://offshoreleaks.icij.org/nodes/82005247) [Source3](https://offshoreleaks.icij.org/nodes/82005510) [Source4](https://offshoreleaks.icij.org/nodes/82005511) [Source5](https://offshoreleaks.icij.org/nodes/82005561) [Source6](https://offshoreleaks.icij.org/nodes/82005690) [Source7](https://offshoreleaks.icij.org/nodes/82005691) [Source8](https://offshoreleaks.icij.org/nodes/82005520) [Source9](https://offshoreleaks.icij.org/nodes/82005689) + +And more outside of PWHC + +[Source](https://offshoreleaks.icij.org/nodes/80128084) + +\--------------------------------------------------------------------------------------------------------------------------------------- + +Next on the list... We need a secretary on the Ground... + +Same principle as before, but this time we will use Janet Moore **(Secretary for 71 funds)** + +[Source](https://offshoreleaks.icij.org/nodes/80103573) + +&#x200B; + +https://preview.redd.it/fjzhkjpg0jg71.png?width=1041&format=png&auto=webp&s=d364b8b92a9a5fe0a59feec7d00ffc8dfb8a4f11 + +Now, we are also going to need a Trustee... and that's gotta be Appleby Services... + +(Trustee for 3,449 funds and entities under Bermuda Jurisdiction) + +[Source](https://offshoreleaks.icij.org/nodes/80000191) + +&#x200B; + +https://preview.redd.it/md1mtlhi0jg71.png?width=901&format=png&auto=webp&s=5608b7a0e3d15e71726dcdbc706df4960fd1b9f9 + +Ok... + +Now we're rocking... + +We've paid off everyone we need to pay off... we have our "STAFF" on the ground so everything LOOKS legit and we've covered all the legal requirements... + +Mr Griffin... your **TAX-FREE COMPANY** is ready to go... + +GREAT! Let me wire transfer $13.2 Billion + +&#x200B; + +https://preview.redd.it/4umfrvdn4jg71.png?width=1696&format=png&auto=webp&s=4decacca6d229303d4dd67250a9dca9e3ed08be1 + +And that Apes and Apettes, is how we setup a **LEGAL** tax-haven that has **NO** regulatory requirements, and can take money from anyone in the US and transfer it offshore. + +Pretty neat huh? + +\--------------------------------------------------------------------------------------------------------------------------------------- + +Now... just remember that in 2013, the US Government blocked American's from using these tax havens + +[Source](https://www.cbsnews.com/news/americans-can-no-longer-use-cayman-islands-costa-rica-as-tax-havens/) + +But I sure am glad they kept the back door open for the super-rich... RIGHT? + +And according to this report, this accounts for $400 billion in tax losses EVERY YEAR... + +[Source](https://www.caymancompass.com/2020/11/23/new-report-claims-more-than-400b-lost-to-tax-havens-each-year/) + +But honestly... I think that figure is **MASSIVELY** underestimated, as it's global across ALL tax havens and what I've listed above is just a few hedge funds in 1 destination! + +&#x200B; + +https://preview.redd.it/gckw2dyk0jg71.png?width=890&format=png&auto=webp&s=cac9a846b629c945617052bf1640c8d9733500a8 + +I'm pooped for this round, but more on the Cayman saga coming soon! + +If you like this series... please let me know what you think in the comments! Really helps keep me focused! + +Also... + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) +I was charged $25 for something that was clearly not my responsibility from a company and while my time is obviously way more valuable than spending 20-30 minutes to contest it but I fought it primarily due to principle. The company went back on some guarantees and I was annoyed and decided to fight the charges. + +Do you have a minimum where you care enough to fight something or it doesn’t matter? +Even crazier but possible is $1000 ETH. That is $100 Billion market cap. Only 4-5 times BTCs current valuation. Sit tight until Proof of stake is implemented. You won't regret it. +They're synthetically equivalent, yet for whatever reason people want prices to stay above the strike for CSP and below for CC. + +edit: when I sell CCs, I *want* to get assigned every time, because I like money and that gets me maximum money for the trade. Don't enter trades where you view maximum profit as a negative outcome. +They're synthetically equivalent, yet for whatever reason people want prices to stay above the strike for CSP and below for CC. + +edit: when I sell CCs, I *want* to get assigned every time, because I like money and that gets me maximum money for the trade. Don't enter trades where you view maximum profit as a negative outcome. +GameStop issued a [press release](https://news.gamestop.com/news-releases/news-release-details/gamestop-appoints-chief-technology-officer) today. + +They've hired a new CTO, who is a former AWS Engineering lead and held senior positions at QVC and Zulily. He will oversee new ecommerce engineering and operations. + +They've hired a new VP of Fulfillment who previously worked at Amazon, Walmart and QVC. + +Lastly, they've hired a new VP of Customer Care, who previously worked at Chewy. Customer Care was always Chewy's angle at being successful overall, and it's good to see that customer care talent being incorporated into the new GameStop. + +This looks to be the start of the whole new ecommerce strategy. +In November, I finally found an amazing scalping strategy that worked for me through trial and error. I was on top of the world wondering how things could be so easy. I was placing an average of 1,000 orders a day. Then TD shoots me an e-mail threatening to increase commissions if I don't keep my orders below 390 per day on average for the next 30 days. See e-mail screenshot below. + +https://preview.redd.it/4jqyszvz6ca81.png?width=750&format=png&auto=webp&s=917398f075e171ea0ab56f57ee7054e897d3f4d5 + +**After finally getting a hold of someone from client services, this is what I got:** + +* The rep said that usually they will send out a few warnings if the average orders don't drop below 390 +* Once you have been warned a few times, they will implement $2 commission per trade +* It will take a full quarter of trading below 390 orders a day on average to get the commission removed + +If you are thinking about high frequency scalping, keep this warning in mind. I'm not sure how other brokers handle the situation but it might be beneficial to open accounts with a few brokerages to avoid this. +I'm trying to compile a list of stocks that still haven't caught up with the market rally. I.e. stocks that are still down more than 40%-50% from their March highs. I.e. SAVE, PK Hotels, Cinemark, ETC. All suggestions are welcome. +See https://www.cnn.com/2020/08/17/investing/insider-selling-stocks-market/index.html + +> So-called insiders have dumped more than $50 billion worth of shares since the start of May, according to TrimTabs Investment Research. August is on track to be the third month of the past four where insider selling exceeded $15 billion, TrimTabs said. Insider selling is at a pace unseen since 2006. + +It's not clear whether this is dollars, or market fraction. + +~~As I noted elsewhere, today's volume was the lowest non-holiday volume in the past 5 years, by 20%, and the 7th lowest non-holiday volume in the past 10 years (being beaten by a run in Feb/Mar 2011).~~ + +edit: a more objective source: http://openinsider.com/charts - Insider selling is *somewhat* high, and insiders bought during the crash and are no longer doing so. +I did social media for a restaurant group and was laid off 3/18. Today, my boss called and said they have hostess positions available, but due to PPP things they couldn’t guarantee the position would last past June 14. She said some laid off people had declined coming back to the restaurants (indoor dining resumed today) so they could get unemployment instead. + +I moved out of state last week. Does being offered this job mean I am technically ineligible for unemployment? I don’t want to run into issues down the line. +Guys, don't bitcoin. We shouldn't let this sub become the garbage bin that /bitcoin has become. Let's show them that we are better than that. + +In anycase we have to be thankful to bitcoin. Ethereum learned a lot from its mistakes, which is very good for us and for blockchain. Embrace it, don't hate it. +**Critical information for the U.S. trading day** + +You might think the hard-money, recession-at-every-corner crowd would be predicting an imminent reversal in the stock market given the 20% gain for the Dow Jones Industrial Average this year. + +Not necessarily. + +Thorsten Polleit, the chief economist at Swiss metals trader Degussa, explains why he thinks an [**economic boom will continue**](https://mises.org/wire/why-boom-could-keep-going-well-beyond-2019), with stock prices also strong. + +“As long as there is still room for pushing the market interest rate down further, the chances are reasonably good that the boom continues, and that the bust will be adjourned into the future. As per the charts below, current market interest rates in the U.S. have not reached rock bottom yet. Corporate and mortgage credit costs in particular still have some way to go before hitting zero,” he writes in an article for the Alabama libertarian think tank, the Mises Institute. + +[https://www.marketwatch.com/story/heres-the-hard-money-call-for-why-the-boom-in-the-economy-and-stock-market-will-continue-2019-12-09](https://www.marketwatch.com/story/heres-the-hard-money-call-for-why-the-boom-in-the-economy-and-stock-market-will-continue-2019-12-09) +For those of you new to the concept a mega backdoor Roth conversion it's an additional funding source for your 401k. It allows you to contribute an additional $38,500 to an after tax 401k in addition to the 2021 limit for a traditional or roth 401k of $19,500. Immediately after contributing if you convert the funds to a Roth 401k and you now have a 401k limit of $19,500 traditional and $38,500 Roth or $58k of pure Roth 401k at no additional tax cost. + +The last two employers I've worked for didn't offer an after tax 401k when I started. Both times I reached out to our plan holders (Vanguard and Fidelity) asking if they had it and letting our rep know that I think we would benefit from it. It's important here to talk to your plan's sales rep over a general help person because they're the ones pitching new options to your HR / leadership. + +Then on an all hands meeting when leadership opened it up to questions I would ask if we were planning to offer an after tax 401k option for the coming year (and clarified it was different from a Roth or Traditional 401k in my question). + +Both times they said they didn't have plans to offer that, but both times around November they announced they were now offering it as a new option. + +It's not a great option for everyone since it means you have to already be contributing $24,500 between 401k and IRA to make it make sense, but for those of us that can afford to save that much it's a huge boon for tax savings. I work in tech so this is a super cheap way for them to give us yet another benefit that can really help the folks who can afford to save extra. + +**TL;DR:** if your employer doesn't offer an after tax 401k for a mega backdoor Roth, reach out to your company's 401k rep and ask about it with HR leadership. It's not an expensive benefit or hard to set up and most if not all of the major 401k companies offer it, you just need to be a squeaky wheel. +Before I go to an accountant, which I will if no one here can save me from myself. + +I wanted to know if anyone has a solution. + +I bought US stocks, they rose in value(100k profit) I sold. They went down a bit, I bought back into the same positions and held thinking I just extra Money day trading them. + +Fast forward 3 months the profit is gone as the market dipped hugely in for the type of stocks I'm in. Short of selling the position and not being able to buy back in as that would count as a wash sale to my understanding. I now owe tax on money I don't have. + +Are they my only options? Pay close to 40k tax Vs sell my positions now for capital loss and am then not able to buy back in to the same positions?(I like where my money is for when the market recovers) + +Also wondering if selling stocks at a loss and buying into the same companies in a different form like warrants negates the wash sale rule and would work? + +Thanks in advance for any help. I understand why the rules are in place but they really suck in some scenarios + +Edit: Spoke to an accountant today, the resolution will be to sell, then wait a week then buy back in, in a different parcel amount, however If I did have the money for it, he said I could actually double down now for this price, then sell half, and that would negate the wash sale. +*Here's a newly launched BSC Defi coin $CCAT. Tremendous MEME potential. Calling all CAT & MEME lovers - here's your next 50-100x (because the mcap is like 20k) opportunity - 23 hours old only.* + +&#x200B; + +**Buy on PancakeSwap:** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfe3ec6769801ca9167ccc5de0a9dae338ea3d94a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfe3ec6769801ca9167ccc5de0a9dae338ea3d94a) + +^(Slippage 8%, divided into 5% placed into liquidity and 3% redistributed to current $CCAT holders, happens on EVERY transaction) + +***PooCoin Chart: $CCAT*** [https://poocoin.app/tokens/0xfe3ec6769801ca9167ccc5de0a9dae338ea3d94a](https://poocoin.app/tokens/0xfe3ec6769801ca9167ccc5de0a9dae338ea3d94a) + +*^(Current price: 1 CCAT = $0.000000274083)* + +&#x200B; + +***^(For those who care to listen to the backstory, read below:)*** + +It all started with CuteCat 1.0 (the original CuteCat coin). The name was catchy and the telegram community grew like crazy. There was only one DEV working behind the scenes (also had his day job) and was managing everything solo. The DEV got overwhelmed by the growth and abandoned the coin. So the price crashed as all communication was shut off.The same community got together and built up $CCAT which was launched about 23 hours ago.Having taken full ownership and parted ways with the previous Dev, CuteCat 2.0 is now 100% owned by the community with liquidity locked and contract ownership renounced post launch. + +\- No team token + +\- No Dev token + +\- No presale $CCAT + +\- Fair launch (100% for liquidity) + +\- Small market cap with a lot of potential + +&#x200B; + +**$CCAT** **Tokenomics** + +• 5% Auto-Liquidity + +• 3% goes to holders + +• TOTAL SUPPLY: 1,000,000,000,000 + +• INITIAL BURN: 500,000,000,000 + +• 50% PANCAKESWAP LIQUIDITY: 500,000,000,000 + +• INITIAL LIQUIDITY LP: 500,000,000,000 / 1BNB + +• MAX AMOUNT FOR TRADE: **5,000,000,000** (whale protection) + +***^(LPs burn:)*** [^(https://bscscan.com/tx/0xe1395176dfb7ec93f1d94d82da8255571ed640cf0076edbcd585011141b96e39)](https://bscscan.com/tx/0xe1395176dfb7ec93f1d94d82da8255571ed640cf0076edbcd585011141b96e39) + +^(With LP burn, there's no way to rug through LP. So this seems as rug-protected as it can get from a technical standpoint, at least to me.) + +***^(Renounced ownership:)*** [^(https://bscscan.com/tx/0x69832d2d388db8875e566de8bb2b02090cc86f078bade21223ab633d35720715)](https://bscscan.com/tx/0x69832d2d388db8875e566de8bb2b02090cc86f078bade21223ab633d35720715) + +&#x200B; + +**UPDATE: Applied for coin gecko and coin marketcap listings.** +**^(Pinned message:)** ^(I did submit both coin gecko and coin marketcap listings today, I will update you guys more when we get more info from them, and we will continue to work to grow the community! Thank you all for being such a great community! - CuteCat Admin - 18 Apr 2021 - 06:35 AM GMT 5:30+) + +**💪** Telegram Community: [https://t.me/CuteCatCommunity](https://t.me/CuteCatCommunity) + +🌐 Website: [https://cutecat.finance](https://cutecat.finance/) + +🐦Twitter: [https://twitter.com/BscCute](https://twitter.com/BscCute) + +🐞Reddit: [https://www.reddit.com/r/CuteCatClubToken/](https://www.reddit.com/r/CuteCatClubToken/) + +**Buy on PancakeSwap:** [**https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfe3ec6769801ca9167ccc5de0a9dae338ea3d94a**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfe3ec6769801ca9167ccc5de0a9dae338ea3d94a) + +^(Slippage 8%, divided into 5% placed into liquidity and 3% redistributed to current $CCAT holders, happens on EVERY transaction) + + +**PooCoin Chart: $CCAT** [https://poocoin.app/tokens/0xfe3ec6769801ca9167ccc5de0a9dae338ea3d94a](https://poocoin.app/tokens/0xfe3ec6769801ca9167ccc5de0a9dae338ea3d94a) + +**Whitepaper** [https://cutecat.finance/whitepaper/](https://cutecat.finance/whitepaper/) + +**Bscscan** [https://bscscan.com/token/0xfe3ec6769801ca9167ccc5de0a9dae338ea3d94a](https://bscscan.com/token/0xfe3ec6769801ca9167ccc5de0a9dae338ea3d94a) + +*^(DISCLAMERDYOR using some of the links provided in this post. Seriously, know what you're buying before you buy. I'm just another guy on the internet, so DYOR and take none of this as financial advice.)* +Today i decided to buy a VIX contract expiring march 3rd at 10USDA with a 30.1 cost per contract. + +I thought i was so smart by buying a call way below market trading price (if you Google VIX, it "trades" at 45USD). + +I bought a single contract because my 5k cash apparently didn't let me buy more (and I didn't know why), i originally wanted to buy 50 of these. + +It immediately deducted 3k cash from my balance and i got a notice that my account may get liquidated if the price keeps going down. + +I panicked and called support and he told me: + +*Yep, you bought a contract, worth 100 VIX, on margin, you are 28 thousand on this trade and it is about to get liquidated if it goes a cent below* + +WHAT THE FUCK, everybody in my wage slave office went quiet and felt my fear. + +He helped me sell it for break even after the little volume available upped it from 29 to 30.10 bucks and i just got hit with a 1.5USD tx fee. + +Fuck options i thought you just spent the cost of the contract, i almost got myself 26k in debt. + +https://imgur.com/a/IxioRG6 screenshot of the 3k deducted, how the fuck that meant i took a 28k margin position is beyond me + +https://imgur.com/a/EYgMW6T warning i got for those that don't believe me. +For chart see: https://imgur.com/HexYgSl + +The number of active ETH addresses has doubled in two months. Daily transactions have nearly doubled from the February low. Daily new addresses are up a whopping four times! Even the price has doubled since the last low. And if you like reading the TA runes, the 50-day EMA is at or above the 200-day EMA (as is the spot price) - what they call a “golden cross” has occurred. Spring is here at last. + +There’s more: at the ATH 15 months ago, the previously tight correlation between ETH price and new daily wallets broke down, and the two lines diverged. If you look at them on a graph (see above), for six months after the ATH the wallet line falls below the price line. And then, in September 18, they swap and the price line falls below the wallet line - far below for a while. Today, the lines are tracking broadly in parallel, with the price line still below the wallet line. But if the price snaps back to the level where it is again consistent with new wallets, that would put ETH in the $400-$500 band. And if the new wallet numbers stay above 90k-100k per day for the next few weeks, that has to be considered a strong possibility. + +We might also note that ETH issuance has been reduced, and looks to fall further, possibly within the next year, as the protocol moves to Proof of Stake and a much higher capacity. The boost to ETH value this will almost certainly bring should be priced in during the next 6-9 months. Did I mention that the birds are singing and the wisteria smells lovely? + +For some months I have thought that any rise in the ETH price this year, and perhaps even next, would be tentative and hesitant - the pain of the last year being too close and too sharp. I am now reconsidering this. Crypto is again entering a very positive and optimistic phase. When euphoria hits, it not only hits fast, but it erases the memory of pain. (It’s what allows so many women to *volunteer* for a second or third pregnancy.) Added to the promise of spectacular returns, euphoria is a powerful force in a marketplace. It feels like it might be near. Am I right? + +No euphoria price forecast: $500 by Christmas. +Market euphoria price forecast: $1,000 or more by Christmas. +Both are great dividend stocks and have a ton of reasons in their favour, but what would you prefer? + +I have 30+ years before retirement so I'd like to hear which ones you all would pick. +Congrats to those who is still sticking in this very bitter time! Well we got not much choice anyway ¯\\\_(ツ)\_/¯ + +It's already Monday here in most part of South East Asia, weekly candle is already green I doubt it will dump with the remaining time of the week in other timezones (I'm not trying to jinx it!) + +As you guys know the worse consecutive red weekly candles happened from August to September of 2014. I've skimmed through the weekly chart and there are a lot of 4 consecutive red candles btw. + +https://preview.redd.it/i03nxrhr2v391.png?width=853&format=png&auto=webp&s=6453af956a3920345f24a6f836a94215f8ceec1c + +We've been through another shitty situation it seems. + +But we're not done yet! We're still in a bear market, yes we're in a bear market stop the denial. + +# If you really wanna make money, be patient and stick around! +It's an odd question, but are there any thoughts on taking a job where my job description is completely misaligned with my duties and responsibilities? + +I worked temporarily in one area of my company and I enjoyed the job, they enjoyed the work I did and wanted to hire me. Company policy stated that for my role they couldn't spend more budget, only for certain roles that the company lacked. + +We drew up a job spec therefore to meet this new role, although the job title says one thing the role is considerably different. + +Edit: THread is being downvoted. Please help me post better by letting me know if I've broken rules or formatted it wrongly. + +Any thoughts on this? Is this a terrible idea to take the job or does it not really matter and I'm overthinking it? +As someone with a passing knowledge of economics, it seems that the idea of free trade always being positive is "day one stuff". + +But as more nations seem to become actively opposed to free trade, I want to know what the best explanations are when people question my belief that free trade is generally beneficial. + +So, from an economics perspective, what are the most compelling arguments for supporting (or possibly opposing) free trade? +I was trying to explain what inflation was to a coworker and how a COLA adjustment isn't really a raise (sigh)...and I found I couldn't quite explain what causes it. I understand inflation comes from an increase in the money supply, but what causes it to increase at 2%/yr? + +Does it come from banks lending commercial loans, which increases the money supply? Or does it come from the the Fed actively performing open market operations to increase the money supply at 2% per year? If so, how come? + +Also, if the Fed is increasing the money supply, how does that end up as price level increases on common goods? If they are buying securities, I assume that money is going to a private bank first. How does that drive up the cost of milk? + + + +Hi. Ok so don't most dictatorships lack the fact-checking of liberal democracies? Don't most dictatorships and other extractive institutions have large motives to lie than most liberal democracies? + +One example is the Democratic Republic of Congo. It is a dictatorship. Their 2019 life expectancy is 60.68 years and their 2020 GDP per capita is 556.81 USD. I think the DRC government self reports this. + +Would most economists believe their data? Thanks +I keep hearing in the news how President Trump is pressuring Jerome Powell to significantly lower interest rates to stave off a recession. In spite of that, he has only lowered them modestly and not as much as Trump would like. I am not very familiar with economics, so could someone ELI5 how lowering interest rates helps prevent recessions and why Jerome Powell is reluctant to lower them as much as the president wants. +Why does excessive consumer spending cause inflation and not GDP growth? If consumer spending drives the economy and improves growth why can the same thing cause inflation? How is GDP growth increased without accompanying inflation? We are seeing high levels of inflation and low levels of growth while the case was the opposite in 2021 for the most part. +Thanks! +Edit: Here is the text of my question originally on another sub. + +Hi guys, + +One common argument I keep seeing online is the one between crypto bros and “economic experts” on twitter one side saying we should have no inflation and the other saying that “low inflation is good for the economy”. + +What is the argument for low inflation? + +Thank you for helping my understanding +I don't quite understand this statement, I was wondering if someone could provide an example of what an "unrealistic assumption" might be within a given economic theory/model. +This seems to be an idea which is frequently repeated in popular discourse, particularly when weighing up the pros and cons of removing economic restrictions related to COVID-19, but when I've looked for academic evidence on the subject it doesn't seem clear that this is an unambiguous fact. Are there any good sources on this? This article in Nature seems to imply that actually economic downturns have been linked to *reduced* mortality rates: https://www.nature.com/articles/d41586-019-00210-0 + +Which is obviously counterintuitive - but then many things are so I won't discount it on that basis. +Trying to figure out what to list at for a house that pulls in $3600/month. How much would a cash investor offer roughly? + +Of course there are so many factors. But what does the raw math say? I can't figure out the formula :) + +Some details: +In Austin, TX +Comps around $500k +4/2 with stable tenants (rented for 4 yrs now and no vacancies) +Leases up in June + +The market here is insane rn so I'm trying to figure out the bottom price range that just makes sense for an investor with cash. House are going for $100k over asking with 50+ offers. So the upper limit is tricky to estimate. + +Thanks all! +84% of the recent stimulus dollars went into buying mortgage-backed securities. That can’t be a good sign. I know I’m probably going to get downvoted because no one likes bad news. + +The following is for people who are about to downvote me: Real estate’s going to go up forever! Houses will never lose value because people need a place to live! Massive unemployment never affects real estate prices! +ALGO is a lost cause. It has no future and will never be worth more than $2.50 if you’re lucky because of the shit tokenomics. + +It is amazing how FAST your favorite shitcoin completes transactions because NO ONE EVER USES IT. + +Moons are pointless and have no use case. Sell them now while they’re actually worth something for some stupid reason. + +No one gives a flying fuck about NANO anymore. + +Tether is totally legit; you’re either just being paranoid or creating FUD. + +High gas fees means ETH is ACTUALLY BEING USED. It also means that it’s cheaper and faster to just transfer money with a bank. + +Oh, you think because you bought a coin it’s going to dip, and because you sold, it’s going to moon? No. It has nothing to do with you. You are meaningless. + +Time in the market > Timing the market? No, you are just stupid and don’t know what the fuck you’re doing. + +Nobody gives a fuck about LINK anymore. + +Take a break from the charts. We don’t give a shit. + +Bitcoin maxis are wearing blinders. Alt coins are equally important. + +Alt coins aren’t shit without Bitcoin. Bitcoin is the gold standard upon which all alt coins are valued against. + +Your love of hating Elon Musk is what fuels his lithium-ion batteries. + +CKB is a pump and dump scamcoin promoted by con-artists. Cardio Kick Boxing will not survive a bear market. + +Not your keys, not your coins? Well, if you forget your seed phrase, they’re not your coins either, dumbass. + +Wallets, staking, governance, transferring, mining, smart contracts, candlesticks, hard forks, market cap, seed phrases, protocol, TA, FA, halvings, FUD, DeFi, NFT, ETF, FOMO, DEX, APY, DCA, DYOR, USDC, POS, POW, CBDCs…you seriously expect this shit to go mainstream? Good fucking luck! + +Maybe China was right all along. + +HODL is what we do when we don’t know what to do. + +Michael Saylor just wants you to pump his bags. + +Everyone that you’ve been seeking advice from on r/Cryptocurrency has invested a grand total of $75 and is 16-19 years old and living in their parent’s basement. + +Charles Hoskinson is a lovable teddy bear and/or Rush Limbaugh incarnate. + +Vitalik Buterin is the sexiest man in crypto. And that’s not saying much. + +Bitcoin may be king, but have you heard about regicide? + +You should have put all your money into Ethereum Classic and Bitcoin Cash. + +Bulls suck. Bears suck. We all suck. + +You only wish you could afford ramen. + +Many smart people have made a lot of money with DOGE and SHIB. SHIB is the third most held coin by ETH whales. What’s that all about, huh? Feel stupid because you missed out? You should. + +The market cap for all of crypto is less than Apple because the iPhone 13 is more innovative than 5000 invisible coins. + +Nobody really uses crypto. It’s not undervalued, it’s overvalued. This is all one big meaningless exercise in futility. + +You are not early. You are LATE. + +You’ll never be rich. You suck. + +Your mother never loved you. + + +Now it’s your turn. Say something that is **actually** unpopular, even if you don’t believe in what you say, and we promise not to downvote you. +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! +Im about to put my house on the market. $1mil+. 6 bed in melbourne. + +Im teetering with the idea of having a raffle. +$20 tickets, 3 for $50. +Rules: +1. All money goes into a holding account. +2. Once reserve is met, 2 week final chance campaign. +3. 1 winner, full house, no mortgage. +4. If reserve not met by "x" date (say easter), all ticket purchases will be refunded. + +Sign up via website, get unique code. 2 factor auth, etc.. +Only settled money is included for draw. + +What are the drawbacks? I would think volume shouldn't be an issue being melbourne and some social advertising? + +Has this been done on a private sale without corporate or charity lottery? + +Winner doesnt need to have finance or capacity to buy, as the proceeds pay off my mortgage and they get the house outright, for a measly $20? + +Can cap the comp to 200k entries so can say 1 in 200,000 chance, unlike the billion to one lottery stuff. 200k x $20 (give or take the 3x50). Is $2mil. Im ok with that sale amount? + +Thoughts? +The Australian sharemarket has exited its bear market, 11 weeks after it first entered it, as it continues its fightback from the COVID-induced February-March sell-off. + +The S&P/ASX 200 Index is up 119.1 points, or 2.1 per cent, to 5735.1. That advance means the local market is now 19.9 per cent off the peak it hit on February 20. + +The market has risen 26.2 per cent since bottoming out at 4,546 on March 23. + +RIP BBOZ boys. + +People say to me all the time that the restaurant business is easily the hardest type of business to be successful in but it’s something that I kinda want to get into. + +Anyone here care to share their success stories in their restaurant business ventures? + +1. What were average total revenues yearly? + +2. What was your total take home pay from those sales? + +3. What type of restaurant was it? +With Ethereum switching over to proof of stake and L2s starting to take off why should I not sell every competing L1 I own and just switch it into Ethereum or ETH L2s? + +All the common FUD points competitors used are all but gone now. L2fees are around 0.01-0.02$ right now and after sharding will be 0.0001-0.0002$. + +Why would I ever use a competing less secure blockchain again? +https://www.youtube.com/watch?v=SwkjqGd8NC4 + +This documentary is phenomenal. It was produced in the UK, but it has loads of practical advice for investors of all nations. It interviews Jack Bogle, founder of Vanguard, David Booth, founder of dimensional fund advisors, and several Nobel Prize winning economists. It is really a great practical guide for someone starting out on how to view the markets and make their own decisions regarding how to invest. Enjoy! As always, feel free to comment or start a discussion below! +I have some Tesla CCs that I have been rolling for the past few weeks with a strike of 850 -- keep thinking the price will pull back but it keeps going higher and now I'm in a pretty bad hole and I do not want the shares to get assigned. + +Any ideas on the best way to get out from underneath this and roll up? Should I roll up to 1000 expiring in February or something and take a big loss? +I saw a post from yesterday where an 8 figure NW person was saying their NW was down some 30% from where they were last year, though they had a pretty diversified holdings. Are others experiencing that? + +We are still nearly up 10% in total assets excluding the $250k we contributed which is sitting in cash. + +SP500 was $8m now $8m. + +BX was $1.5m now $2m + +Vacation properties held clear $4.8m now $6m + +PV of SERP was $3.9m now $4m + +Cash was $0, now $250k + +Total Last year: $18.2m, today $20.2m. + +&#x200B; + +It seems like unless you were concentrated in tech, the chances of being below last year are pretty slim. +• Total company non-GAAP revenue for the fourth quarter of fiscal 2021 was $215 million. Total company +GAAP revenue for the fourth quarter of fiscal 2021 was $210 million. + +• Software and Services non-GAAP revenue for the fourth quarter of fiscal 2021 was $165 million. Software +and Services GAAP revenue for the fourth quarter of fiscal 2021 was $160 million. + +• Licensing and Other GAAP and non-GAAP revenue for the fourth quarter of fiscal 2021 was $50 million. + +• Non-GAAP gross margin was 73% and GAAP gross margin was 72%. + +• Non-GAAP operating earnings were $18 million. GAAP operating loss was $313 million, primarily due to +fair value adjustments to long-term debt, as a result of market conditions. + +• Non-GAAP earnings per share was $0.03 (basic and diluted). GAAP net loss per share was $0.56 (basic +and diluted). + +• Total cash, cash equivalents, short-term and long-term investments were $804 million. + +• Net cash generated from operating activities was $51 million + +https://www.blackberry.com/content/dam/blackberry-com/Documents/pdf/financial-reports/2021/q4y2021/q4-fy21-earnings-press-release.pdf +Recently inherited a fortune from my grandmother, bought a house and now me and my wife have ~$100k left. We are both 25, make around 60k a year together, we save about 15% of our paychecks into 401k and HSA, looking to set up a Roth IRA sooner than later. We also want to invest but we aren’t very knowledgeable aside from knowing index funds are a good investment. I want to speak with a professional but I’m not sure where to look. I could invest with Chase bank, my grandma did all her investments with banks and she turned out okay and I like the convenience factor, but is it the best way? I read somewhere on Reddit that when seeking out financial advice I MUST find a fiduciary so I don’t get ripped off. Well here I am asking the internet for financial advice. I’m going to do more research but I would just like to pick other people’s brains as to what I should do or if they have any helpful experience or information + +Ps. I’m old school and prefer speaking with someone in person especially with this amount of money + +Thanks +Hello, I'm 25 years old and finally done procrastinating when it comes to retirement accounts. I'm able to save $2k per month. Later this year I'll draw GI bill benefits and go to school full time while working part time. Since I won't have a 401k plan for several years I think I'll set money aside in a Roth IRA for now. Then when I'm gainfully employed I can contribute to both a 401K and Roth IRA. + +Is there another option you'd recommend I look into? I am just today learning the differences between different IRAs. +I have been paper trading for over a year and have done pretty well. I just started live trading and I am just breakeven. Most nights when I take a trade the price instantly reverses as if my buy or sell is support or resistance, I could literally close my eyes and this would happen. The moment I get out of the trade or my stop loss is hit the regular trend I was looking at resumes. + + +I have tried using EMA, SMA, Price Action, Ichi, and Super trend techniques. I have tried analyzing different time frames. It all comes to the same result. I have no idea where to go from here. +In the early days of the internet, media hit pieces tried to blame the internet for energy consumption. + +>Somewhere in America, a lump of coal is burned every time a book is ordered on-line. + +[https://www.forbes.com/forbes/1999/0531/6311070a.html?sh=12b1b1ad2580](https://www.forbes.com/forbes/1999/0531/6311070a.html?sh=12b1b1ad2580) + +>The current fuel-economy rating: about 1 pound of coal to create, package, store and move 2 megabytes of data. The digital age, it turns out, is very energy-intensive. The Internet may someday save us bricks, mortar and catalog paper, but it is burning up an awful lot of fossil fuel in the process. +> +>There are already over 17,000 pure dot-com companies (Ebay, E-Trade, etc.). +> +>The larger ones each represent the electric load of a small village. + +Media tried to gaslight and brainwash tech companies with the burning fossil fuel narrative. + +Some 20 years onwards, this entire article reads like a joke. + +>Getting the bits from dot-com to desktop requires still more electricity. Cisco's 7500 series router, for example, keeps the Web hot by routing an impressive 400 million bits per second, but to do that it needs 1.5 kilowatts of power. The wireless Web draws even more power, because its signals are broadcast in all directions, rather than being tunneled down a wire or fiber +> +>Just fabricating all these digital boxes requires a tremendous amount of electricity. The billion-dollar fabrication plants are packed with furnaces, pumps, dryers and ion beams, all electrically driven. It takes 9 kilowatt-hours to etch circuits onto a square inch of silicon, and about as much power to manufacture an entire PC (1,000 kilowatt-hours)as it takes to run it for a year. And there are at least 300 of these factories in the U.S. Collectively, fabs and their suppliers currently consume nearly 1% of the nation's electric output. +> +>The global implications are enormous. Intel projects a billion people on-line worldwide. That's $1 trillion in computer sales -- and another $1 trillion investment in a hard-power backbone to supply electricity. One billion PCs on the Web represent an electric demand equal to the total capacity of the U.S. today. + +Does this resemble the current attacks against cryptocurrencies? + +The exact same arguments are now used against bitcoin, trying to fool people into believing that bitcoin is the worst thing in the world. + +Thousands of people believe what these articles at face value despite not having any understanding of the intricacies of bitcoin mining + + +Edit: Lmao @ the dumpster fire the comment section is, everyone shilling their premined scamcoins like Nano. Its hilarious seeing Nano paid shills/bag holders trying to compare Nano's recurring spam outage (that costs a trivial $ amount to attack) to BTC 2018, during which you could still send transactions without any problem whatsoever. **Considering the aggressive nature of the shilling in comments, I am forced to update the thread with what Nano actually is...** + +Nano is a scam that was premined at the press of a button, distributed among themselves by Colin using funny faucets where the insiders themselves claimed most of the tokens, then abruptly the faucet was closed, the team now having control of most of the coins decided to pump it to yahoo land on a fraudulent exchange and ride into the sunset while also cashing out slowly for years. No wonder Nano price has never even recovered past its early 2018 ATH, after 4 years its still down a huge % from ATH. (thats what happened when you have an endless premine ready to dump on you). Nano peddlers are pushing this as a competitor to BTC lmao. A stablecoin like DAI or USDC on any ETH L2 solution renders Nano as useless. Which is why almost no one talks about Nano except their own bagholders who try to push it aggressively. + + +Fraudsters on this tread will try to push such scams to unsuspecting readers lol +To cover it up, they would need to buy back about 150 000 bitcoins. + +I will let you connect the dots with what happened this last week + +https://preview.redd.it/efzkvxsnfge61.jpg?width=997&format=pjpg&auto=webp&s=0452dfe548f424bd9e9a83a4c847de238d16007f +I'm 43, my husband is 44. Our goal is FI/RE when he's 50. He has a government job, I am self-employed. We have no debt except our house. Our investments are rental properties that will be paid off by the time my husband is 50. + +We live pretty frugally. We just paid cash for the first nice car we've ever had--a 2014 Camry. My previous car is a 98 Taurus that I paid $500 for. (It didn't look bad and it had AC.) We live in a 1750 square foot town house that will be paid off before he's 50 too. + +My problem is that our kids (15 & 13) act like they're embarrassed by our house and our life style. They say things like, "we finally don't look poor since we have a nice car." The thing is, our house is in a nice neighborhood. We have nice furniture. It's not like we live in a dump. Yes, it's on the small side for 2017 standards, but not rediculously small. + +How do you reconcile your lifestyle with your kids? Is this something I have to chalk up to kids being a-hole teenagers? + +I've tried to explain to them that we don't want debt and that we want to leave them a legacy. They'd rather have a McMansion and a BMW. + +I feel like I've failed!!! + +Edit: Thank you for the advice. + +I think I probably should fill in the rest of the story. My in-laws lived very well. Nannies, gardeners, maids. Great education, great opportunities, lavish Christmases, multiple country club memberships. They are basically at the end of their lives now, and are completely broke. My father-in-law is in a sub par memory care facility because that's what he can afford. My mother-in-law is basically in the same boat. Neither of my brother-in-laws have any assets. They both rent huge homes, have car payments, and their kids had to find alternatives to college (I know college isn't for everyone, but these kids are really bright). They are spenders who have nothing. + +My family: didn't finish college, drove shitty cars, modest Christmases, never played golf ever. They're multi-millionaires. They invested in real estate and just worked hard. I'm not worried about them. They're retired--although they work. But they work dream jobs that are fun for them because they just want something to do. + +Obviously I can't tell my kids the details about my in-laws as the justification for FIRE. But it's one of the reasons I dig my feet in when my kids bitch about their friends getting renovations to their homes or moving to a bigger home, and why can't we do that. I've explained to them about car payments and lines of credit, assets vs. liabilities, but I guess they can't understand as kids. + +I probably should include them in our budgeting so they can see where the money goes. They both have jobs. My son mows lawns and worked over the summer at a country club tending the grounds. He has quite a bit saved up and has his own checking account. My daughter babysits and petsits and she's cleaned the house of an elderly neighbor. They have to pay for their own movie tickets and skate night tickets and junk food and cell phone repairs. + +They really don't lack for anything. Any sports, any activities they want, they get. Plus tutoring and music lessons. Maybe as parents you just can't do anything right for your teenage kid. + +Maybe they're just going through teenage angst. And there is a lot of pressure for them to fit in. I just want the best for them. + +Thank you again for your advice. I do appreciate it. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +We have completed our investigation in to the May 7th DDoS attack, and the cascading margin liquidations on the ETH/USD order book. + +Despite the coincidental overlap in timing of the events, we did not find any evidence of a coordinated attack or market manipulation. + +A large, legitimate ETH sell order triggered a cascade of liquidations. The downward momentum of the liquidations was slowed by Kraken’s market price protection system. The trading engine and risk systems functioned as expected. + +Once the liquidations had been triggered, they could not be stopped – DDoS or not. + +The ongoing DDoS attack at the time of liquidations possibly inhibited inflows of new capital which might have been able to further absorb liquidations where the market price protection system took a pause. The DDoS also broadly reduced availability of the service, which inhibited new orders from being placed on either side of the book. It is conceivable that had the DDoS not overlapped with the liquidations that the bottom would have been lower. + +*To address some community comments and requests:* + +**But for the DDoS I would not have been liquidated.** + +* The DDoS did neither cause nor exacerbate liquidations. Once liquidations are triggered, they cannot be stopped. The best that can be hoped for is that liquidity is there to absorb the market orders. Kraken’s market price protection system attempts to protect those being liquidated by pausing at times to allow liquidity to fill in but there is no guarantee that others are willing and able to provide that liquidity. + +**Kraken should have halted trading while under attack.** + +* The consequences for traders would have been even worse. Crypto assets trade on many exchanges and shutting down an individual market simply means that participants there cannot react to the changes elsewhere. The ETH/USD market liquidations were not a result of the DDoS attack. Not halting trading allowed for orders to fill in to absorb the liquidations, which otherwise would have found a lower bottom. Exchanges are constantly under attack – some worse than others. Kraken will always strive to maintain market availability throughout an attack. + +**You should guarantee 100% uptime.** + +* Unfortunately, this is not realistic at our price point. Even giants like Amazon and Google are not completely immune to DDoS. We have already invested a lot in mitigating attacks and we are constantly improving our defenses. Despite this attack occurring on a Sunday afternoon, our team responded quickly and we were operating normally again within an hour. Traders should not take it for granted that they will have access to Kraken when they need it and are encouraged to take advantage of our advanced order types for extra protection. + +**Kraken should only liquidate at the “real” price.** + +* Traders are encouraged to use advanced order types such as stop-loss to set their own exits. Prices on all assets are market-dependent and there is no distinction between “real” and “artificial”. Since all trades on Kraken are made with pre-funded, physical coins, traders set the prices. Spreads between markets are natural and reflect differences in participants, risks, costs. Those who trade on margin need to be aware of the risks of speculative, high volatility markets, flash crashes, stop hunting, whale error, etc. If you simply wish to have leveraged price exposure without trading deliverable assets, you should seek a derivatives market that uses a price index such as the Tradeblock XBX or CME-CF Real Time Index. + +**Kraken should roll back trades.** + +* We are very sorry for the unexpected losses many of our clients suffered today but we cannot roll back trades. As the lender, Kraken also took on losses as the result of accounts going negative through liquidations. We go to great lengths to minimize the risk of cascading liquidations, even putting a cap on how much can be borrowed both per account and globally, but our controls will never be perfect. + Unfortunately, for an exchange, market integrity is sacrosanct. Traders must be able to rely on legitimate trades being honored. Any losses today are the gains of the trader who took the risk to provide liquidity on the other side. + +**Kraken should compensate me for my losses.** + +* Unfortunately, we cannot compensate traders for the outcome of naturally occurring events in the market, nor losses due to unavoidable DDoS attacks. + +For further reading on performance guarantees (or lack thereof) see Kraken’s Terms of Service: https://www.kraken.com/en-us/legal +So my industry is shattered (work in theatre) and I’m looking to change career, has anyone changed career 10 years into their current career? Do you have any advice? +The media giant's stock has soared 13.6% over the past five trading days, and there may not be any looking back now. +Rick Munarriz (TMFBreakerRick) +Apr 20, 2019 at 6:00PM +Walt Disney (NYSE:DIS) is a market darling again. The media giant's stock is hitting new highs, finally taking out its peak 2015 prices. The stock has moved nearly 14% higher over the past five trading days, a big move for a stock that has been stuck in neutral for most of the past four years. + +The shares have been rallying since the investor event in which it offered up the specs for its upcoming Disney+ streaming video platform. Things don't appear to be cooling down anytime soon. Let's go over the big reasons why Disney stock should stay hot. + +You can't sell on the news when there's a steady diet of news +The old adage of "buy on the rumor and sell on the news" can bite companies after major developments, but for Disney, this is the year when the hits will just keep on coming. Last week's Disney+ news was impressive, but it's hard to sell into the rally when you see what entertainment behemoth has in the pipeline in the coming weeks and months. + +Disney will dominate the box office next weekend with Thursday's debut of Avengers: Endgame. Some feel that it will be the year's biggest winner at the box office, and the balance are betting on Star Wars: The Rise of Skywalker as the top draw when it debuts in December. + +Disney isn't taking a breather in the nearly eight months between the two releases. There will be Toy Story 4 in June, The Lion King reboot in July, and Frozen 2 in November. Disney already has this year's highest-grossing film in Captain Marvel. By the end of the year, it could have five and possibly six of this year's biggest winners at the box office. + +Disney's theme parks segment has become its largest and most reliable business, and things are looking great on that front. The first phase of Star Wars: Galaxy's Edge opens at Disneyland in California near the end of next month. A similar expansion will open at Disney World three months later. Disney is in the process of making major infrastructure and lodging capacity moves to deal with the larger crowds at Disney World, and that is even after bumping its prices higher last month. + +We also can't forget that it also recently completed the largest acquisition in Disney's corporate history. The deal for key Fox assets will make the company that has proven its ability to increase the value and exposure of the intellectual properties in its arsenal even more valuable. + +We also can't forget that the event that kicked off this rally hasn't really happened. Disney+ won't launch until Nov. 12. It is aggressively priced, but that is just what Disney had to do to turn heads as a latecomer in this thriving niche. + +Lay out all of Disney's new movies, theme park additions, and product launches and the market isn't going to be able to catch its breath between needle-moving events. You don't sell on the news when the news keeps coming. +https://www.fool.com/investing/2019/04/20/1-big-reason-why-disney-stock-is-just-getting-star.aspx +I have recently been downvoted for saying that you can have all your crypto stolen by someone forcing you to reveal your 12 seed words. Perhaps in more civilized countries robberies and murder for money is not as common but for the rest of us who may not come from places as nice this is a danger. + +Wallets can be recreated with the 12 "seed" words that are used to recover wallets even when lost. If word goes around that you have a lot of crypto the wrong people might hear about it and decide to pay you a visit. You may not know what those words are, or as someone suggest, offer a secondary wallet up instead of the primary one but that's not fool proof. They might decide to actually kill you after giving the secondary or be smart enough to know there should be more and continue asking you for another wallet. They might receive your primary and straight up assume it's not enough and has to be the secondary. + +Yes, this is not a problem now for you and your $4,000 in crypto but 4 years from now you will be the guy who talked about bitcoin when it was 20 times (if being generous) less. They won't know if you sold or not and bad actors will assume you've continued adding funds through out that time. + +Be smart and be safe. Advise family and friends if asked but crypto currencies are big enough now for even your grandmother to have asked you about them. + +Please keep safe, thank you. +So u/Zinko83 and I thought it would be helpful to compile a list of brokers which offer IEX routing. Thanks to all apes who have helped with useful information, to help create this guide. All information have been gathered by either me contacting each broker, or numerous fellow apes who have helped investigate. + +So as I said the goal is to compile a list of brokers whom do IEX routing, along with a link to some DD which shows how to route your trades through IEX with each listed broker. + +**\*\*Saxo Bank:\*\*** They offer IEX routing, however it's not controllable, they route their buys through the exchange with the best execution. You cannot decide for yourself. This includes both Citadel and IEX. Would therefore not recommend. Verified by u/HelloYouBeautiful + +**\*\*Fidelity:\*\*** Does not support this at the moment. There is a huge push from customers to gain this ability, however they are not acting on this as of yet. + +**\*\*TD Ameritrade:\*\*** Offers routing through IEX only for US customers. Verified by u/TheWildsLife  [TD Ameritrade IEX routing guide](https://www.reddit.com/r/Superstonk/comments/mq8opq/how_to_use_investors_exchange_iex_with_td/?utm_medium=android_app&utm_source=share) +Update: may be debunked, look at update in the bottom of the thread. + +**\*\*IBKR:\*\*** Offers routing through IEX to clients worldwide. Verified by u/HelloYouBeautiful IBKR [IEX routing guide](https://www.reddit.com/r/Superstonk/comments/p2deaf/guide_routing_order_through_iex_on_ibkr/?utm_medium=android_app&utm_source=share) and [IBKR IEX routing guide 2](https://www.reddit.com/r/Superstonk/comments/oyf30z/ibkr_tradestation_how_to_avoid_dark_pools_and/?utm_medium=android_app&utm_source=share) + +**\*\*E\\\*Trade:\*\*** Offers routing through IEX, unsure offered in Europe, but definately offered to US clients. Verified by u/Zinko83, Extensive guide can be found [here](https://www.reddit.com/r/Superstonk/comments/p2i9v9/etrade_guide_how_to_route_through_iex/?utm_source=share&utm_medium=web2x&context=3) + +**\*\*Revolut:\*\*** Does not offer IEX routing. + +**\*\*Degiro:\*\*** Does not offer IEX routing. + +**\*\*Charles Schwab:\*\*** Does not offer IEX routing. They would strongly consider if enough retail made a push for it. However I, myself, would not wait for a broker to act. Instead I would voice my opinion to them, and in the meantime choose a different broker for IEX routing. Verified by calling customer support u/HelloYouBeautiful + +Edit: No Canadian brokers seem to support IEX. They use the best execution price, which on some days is up to 50% (according to data from other posts) in darkpools controlled by citadel. Same goes for most european brokers. In this list there is brokers that accept clients worldwide. Euro and canadian apes can open an account on one of the international brokers, to route their future buys through IEX. As for UK, you can use TradeStation. + +Edit: Vanguard does not support IEX. +Fidelity still dosen't support IEX, stop commenting they do. + +Also, I am noting all of your requests for different brokers, on wether they support IEX routing. As for now, a rule if thumb, would be that they probably do not. Feel free to contact the broker yourself if you are still unsure. Since this takes a lot of time and work to update, I will focus mainly on any brokers that do support IEX routing. + + +For US (Perhaps other countries aswell) +Computershare works great aswell, however it is a bit more complicated. If anyone feels like making a guide, I will link it on here. + +None of this is financial advice, I encourage people to do their own research aswell. My opinion (which is not financial advice) is to diversify brokers instead of transfering at this time, if you feel like opening up a new broker for any potential future buys routed through IEX. + + +Update: As for TDameritrade, it has been revealed that their in fact, do not route your IEX order directly. This basiclly means, that TDameritrade is routing your order through Citadel instead. This news have been reported by some users of TDameritrade so far. I would love if people who have experienced the same (or the opposite) to show proof in the comments, to see how widespread this issue is. I would also encourage people on TDameritrade to look at their previous orders, and see how it was routed. +Nfa. +I'm new to investments and trying to decide which is best strategy. I'm 34yrs old and 100% disabled with no earned income. Im not allowed to work, but still need to invest in my future. Should I be investing in long term growth, or value to build up my money? + +Also, which 3 EFTs do you suggest? +What have you learned while investing in ETFs? What should I do? What should I not do? What should I look at before investing into an ETF? I plan to be pretty risky as this isn't my only investment. I have a 401k through work and a Mutual Fund through my IA. + +&#x200B; + +Have been looking at ESPO, HERO, OLD, TQQQ, QQQ, VV, VO, and SLY. I haven't pulled the trigger on any yet. I have a feeling that eSports will see an increase over the next coming decade, just based on sentiment. +Like most, I have ETFs like - WCLD, ICLN, TAN, VGT, TEC.TO and the ARK ETFs on my watchlist. History tells us momentum and growth cannot sustain forever. I am looking to hear how some are planning to managed their holdings when these EFTs start to trail the total market. I am just assuming the indicators will be obvious when it is time to move onto the next? Is it as simple as DCA out of a position? + +Thanks! +JKD 25% (US Large Caps) +QQQ 25% (World) +ARKK 25% (World) +OEF 25% (US Large Caps) + +Appreciate if anyone could provide some feedback on my allocation. Looking for medium to long term (5y to 10y). USD 40k overall. Looking to benefit from organic long term growth, but not a risk seeker hence a bit concerned that some might overlap in terms of holdings. Any feedback much appreciated. +I’m kind of a newbie that has been investing for about year now in a Roth IRA putting like $45 dollars/mo in a portfolio holding VTI, VOO, BND, VT. I want to branch out and get into growth ETFs through a brokerage account. The four ETFs I have chosen for my portfolio are VUG, QQQ, ARKK, VTI. I plan on holding and buying these for 20+ years. Are these good growth ETFs? Let me know what I’m you think. Thanks! +Hi everyone, I know this isn't necessarily the best subreddit for this, but I often see it tie into dividend stocks (in)directly. I figured this would be a decent starting point in hopes that someone could guide me to better resources/offer personal advice from their lifetime. + +To start, I generally understand the differences between 401K, IRAs, etc. The aspect I'm confused about is that I will often see people discussing purchasing stocks/etfs within their 401K and/or IRAs (unsure) as its tax sheltered compared to just a regular brokerage account. I'm a 21-year-old university student so I haven't yet dealt with 401Ks/IRAs personally besides just research to conceptually understand them. + +Basically, I am currently using Charles Schwab as my brokerage, with about 13k in. Are there scenarios where you would trade from/with a 401K and/or IRA for unrealized gains of sorts? I'm just confused from seeing people saying they're purchasing stocks with their tax-sheltered accounts, etc. + +Sorry if this is slightly hard to understand, given that you don't know what you don't know, it's likely coming off as an odd question and I might be mixing up concepts. Thanks in advance for any input. +I posted earlier this week about the BRK.A collateral hot-potato theory [**POST LINK**](https://www.reddit.com/r/Superstonk/comments/uqqe0c/hi_and_brka_funny_business_with_possible_relation/), followed up by funny business associated with Castleview as it relates to BRK.A [**POST LINK**](https://www.reddit.com/r/Superstonk/comments/uqzk68/castleview_partners_llc_funny_business_tied_to_my/) (who quickly dumped ((at least on their 13F filing)) BRK.A as well as 100's of other positions the next day), I followed up with JW Cole and Gobi two days ago as it related to BRK.A [**POST LINK**](https://www.reddit.com/r/Superstonk/comments/us74t1/brka_funny_business_continued/) Gobi by the way, fixed their filing today. + +Well I've continued pouring over the 13F, and you guessed it, there are a dozen other "incorrectly reported" positions that were mostly (almost fully opened) within the last week, and some in February. + +I also looked further into JW Cole Advisors 13F, and there are **1827** positions mostly all significant share counts, all opened this week, with none of the dollar values matching (share count x share price). + +**You can't tell me this many firms are this inept at properly reporting positions, and if they are, why in the world are they allowed to manage billions of dollars of peoples money?!?!?!** If I'm missing something, please enlighten me! And before you tell me, they must have meant BRK.B, many of them also hold (or also opened) BRK.B positions at the same time. With this many firms doing the same thing, around the same week - I'm not buying that this is a genuine mistake or coincidence. + +Without further ado, may I present you a snippet from the funhouse that is BRK.A's 13F: + +[https:\/\/whalewisdom.com\/stock\/brk-a](https://preview.redd.it/k6in9wizmk091.png?width=2600&format=png&auto=webp&s=eed28daad531977e73019c0070aa5e37eb601fb3) + +Now for a peak at a few of the JW Cole positions (I'm only going to include the first 50, there are 1827!), and again, none of the market values match the number of shares x share price, and almost all of the positions were new, and all of them reported on 5/16. + +[Just look at that MONSTER AAPL position \(that alone is 2.5 times more than JW Coles reported entire AUM\)](https://preview.redd.it/yrhgtaqpnk091.png?width=2660&format=png&auto=webp&s=a221ae61889084c6c12b886eb0c6716245a2331c) + +https://preview.redd.it/m61pbcqpnk091.png?width=2638&format=png&auto=webp&s=e4814406df8836379962e90ff72641683b6e2463 + +[https:\/\/whalewisdom.com\/filer\/jw-cole-advisors-inc#tabholdings\_tab\_link](https://preview.redd.it/27okqbqpnk091.png?width=2699&format=png&auto=webp&s=19c8b54dda8526bcc6973d6a20ed66feede3aa9a) + +&#x200B; + +**I REALLY HOPE we can get some more eyes on this - where there's smoke, there's fire; and right now, I can't see through the smoke cloud!** +Guten Morgen to this global band of Apes! 👋🦍 + +Last week was quite the ride for Apes, with immense retail buy ratios pushing back against a strong short attack post-earnings. Friday's dip in particular was spectacular to watch rebound! Now that earnings is over, many Apes are anticipating an announcement of the Loopring partnership this week, possibly tomorrow. This will be the first big technology announcement after hiring so many tech experts - it will be great to see what the future of this business looks like! + +While we cannot yet know what the future holds, one thing that we know for certain is that HODLing and DRSing shares is the key to locking the float away from SHF manipulation, and will inevitably lead us closer to the MOASS. Apes have tremendous momentum at DRSing shares currently, and I cannot wait to see what happens when every share has left the DTCC vaults. What will this new week bring? + +Today is Monday, December 13th, 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: **$160.57 / 142,44 €** *(volume: 3585)* +- 🟩 115 minutes in: $160.50 / 142,38 € *(volume: 3580)* +- 🟩 110 minutes in: $160.47 / 142,35 € *(volume: 3517)* +- 🟥 105 minutes in: $159.74 / 141,70 € *(volume: 3244)* +- 🟩 100 minutes in: $160.68 / 142,54 € *(volume: 3113)* +- 🟩 95 minutes in: $160.58 / 142,45 € *(volume: 3088)* +- 🟩 90 minutes in: $160.49 / 142,36 € *(volume: 2976)* +- 🟩 85 minutes in: $160.46 / 142,34 € *(volume: 2971)* +- 🟩 80 minutes in: $160.37 / 142,26 € *(volume: 2910)* +- ⬜ 75 minutes in: $160.29 / 142,19 € *(volume: 2892)* +- 🟥 70 minutes in: $160.29 / 142,19 € *(volume: 2713)* +- 🟥 65 minutes in: $160.43 / 142,31 € *(volume: 2292)* +- 🟥 60 minutes in: $160.58 / 142,45 € *(volume: 2116)* +- 🟩 55 minutes in: $160.63 / 142,49 € *(volume: 1738)* +- 🟥 50 minutes in: $160.60 / 142,46 € *(volume: 1647)* +- 🟩 45 minutes in: $160.88 / 142,71 € *(volume: 861)* +- 🟥 40 minutes in: $159.74 / 141,70 € *(volume: 579)* +- 🟩 35 minutes in: $160.03 / 141,96 € *(volume: 569)* +- 🟥 30 minutes in: $160.01 / 141,94 € *(volume: 520)* +- 🟩 25 minutes in: $160.03 / 141,96 € *(volume: 446)* +- 🟩 20 minutes in: $159.84 / 141,79 € *(volume: 444)* +- 🟥 15 minutes in: $159.82 / 141,77 € *(volume: 426)* +- 🟥 10 minutes in: $159.91 / 141,85 € *(volume: 384)* +- 🟥 5 minutes in: $160.05 / 141,97 € *(volume: 342)* +- 🟩 0 minutes in: $160.10 / 142,03 € *(volume: 220)* +- 🟩 US close price: $159.01 / 141,05 € *($160.00 / 141,93 € 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 1.1273. 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 just wanted to share this somewhere. Money will be a bit tight this month but it's so worth it.. I can finally cut up my card. + +Thanks everyone on here who's helped in making me more accountable of my money. +My first time...... Y'all seem alright so here goes + +Share price: $1.60 +Mc: $238.158m +Shares: 148.85m +Sector: Materials +Disclaimer: Held + +(Edit: sorry, this is getting long now, was trying to avoid that) + + +About: + +Calix is a science/technology company that has developed a patented kiln technology ('Calix Flash Calciner') to process and extract minerals. Their technology allows them to address major global challenges through practical industrial solutions. The calciner technology is the foundation of their business, so you should try to understand it as well as you can. It will help with understanding future projects, announcements and research wherever it leads you. (Note: Kiln/calciner technology has literally not been updated/modernised for thousands of years) + +Tech - Summary: + +- Calix's patented calciner processes minerals via indirect heating rather than traditional direct heating. This results in a higher potency end-product, and is more environmentally friendly and efficient. + +- This also allows for capturing of carbon as a by-product to be repurposed or sequestered at a later date. + +- it's actually pretty simple and pretty smart. I suggest you checkout their YouTube coz [They explain better I am not scientist](https://youtu.be/88fIfcPLW2s) + +Currently, areas of industry that are being addressed are limestone and cement, waste-water treatment, aquaculture, agriculture, and advanced battery industries. + +Basically, they're addressing climate challenges facing major polluting industries and providing solutions. A major one being the cement industry, which contributes roughly 8% of global CO2 emissions. They are currently building their LEILAC-2 (Low Emission Intensity Lime And Cement) facility in Hannover after successful pilot in Belgium. + +Financials: + +FY20 + +Revenue: $24.44m, up 75% compared to FY19 + +EBITDA: $1.5m up 224% "" + +Profit/loss: -$7.08m, up from -$7.49m in FY19 + +- Acquisition December 2019 - US-based Inland Environmental Resources Inc. for $9.7m (AUD.. I think) + +- FY21 Trading Update (ASX announcements, 6/11/20) Figures as of end October: + +Total revenue YTD: $8.38m (up 124% vs YTD FY20) + +Sales revenue YTD: $5.78m (up 333% vs YTD FY20) + +Most revenues attributable to waste water treatment and aquaculture sales verticals as far as I'm aware. + +Why I like them: + +Great execution thus far. Good relationship with industry. R&d support from Aus govt (incl. tax bens and grants) and European Union. Bloody true blue Aussie business ay. + +Mgmt: + +See here because that's enough words from me + +https://www.calix.global/who-we-are/our-leadership-team/ + +For the podcasters: + https://open.spotify.com/episode/6jri8UaX52Nm05y96PoBit?si=cxrTc8djROWQwLYxIU3xLg&utm_source=copy-link + +KEBAB OUT + + +~ Updated + +Summary of products and solutions on market + +Products/Solutions + + +~ These are just summaries compiled into one doc. Please click links to further research, which will lead to Calix’s pages where you can see examples of practical uses and results in the real world. + + +~ Text is mostly direct from Calix’s website and sections contained within. Few and minor personal additions have been made. + + +~ ACTI-Mag = Magnesium hydroxide or Mg(OH)2 + + + +1. ACTI-Mag for Wastewater + + +a) Caustic soda (sodium hydroxide/NaOH) replacement + + +- While ACTI-Mag is typically more expensive than 50% NaOH on a “price per unit” basis, it is significantly less expensive in use – because every 1.0 kg of 50% NaOH can be replaced by 0.6 kgs of 60% Mg(OH)2 to provide the same number of moles of hydroxide (OH-) for pH neutralization. + + +https://www.calix.global/solutions/caustic-soda-replacement/ + + + +b) Alkalinity and pH adjustment  + + +- ACTI-Mag provides more CaCO3 equivalent alkalinity on an equal weight basis when compared to hydrated lime and caustic soda which lowers chemical consumption. Unlike caustic soda, ACTI-Mag is non-hazardous and non-corrosive, and even beneficial to the environment while sodium is a salinity hazard. + + +https://www.calix.global/stabilise-ph-and-boost-alkalinity/ + + + +c) BOD (biochemical oxygen demand) / COD (chemical oxygen demand) reduction  + + +- Reducing BOD/COD means that the sewage will support the growth of less bacteria and therefore the effluent will be better able to infiltrate tight soils. We can help you reduce the organic component from your wastewater streams. + + +https://www.calix.global/bod-cod-reduction/ + + + +d) Fats, Oils and Greases control  + + +- Higher concentration of FOG can lead to the formation of fat bergs (lol), scamming, pump blockages, pipe restriction, pipe blockage plus the formation of odour related issues like hydrogen sulfide gas (H2S). ACTI-Mag is a safe and environmentally friendly solution for FOGs in wastewater + + +https://www.calix.global/food/fats-oils-and-greases-control/ + + + +e) Odour and H2S control  + + +- Hydrogen sulphide is present due to anaerobic activity, which favours sulfate reducing bacteria (SRB) and results in the generation of a poisonous rotten egg gas called H2S. Unlike other agents, which can be costly, potentially hazardous, and targeted at a single issue, ACTI-Mag offers a safe and cost-effective strategy for managing odour. + + +https://www.calix.global/odour-control/ + + + +f) Phosphorus removal  + + +- Phosphorus – usually in the form of phosphates – has to be treated and reduced from the wastewater in order to meet environmental standards before it is discharged into a local water body, or land irrigation. With a chemistry similar to the antacids used in our human digestive systems, Calix can safely and cost-effectively remove phosphate from municipal and industrial wastewater. + + +https://www.calix.global/phosphate-removal/ + + + +2. ACTI-Mag for Biogas Management + + +- Treating wastewater from water utilities and industries has a dual potential benefit. Treated water can be recycled to help cut down industries’ fresh water use, and the waste load in wastewater can be converted to biogas and used to produce electricity. + +- Anaerobic digestion is a natural process that converts organic matter present in wastewater sludge into biogas for electricity, as well as significantly reducing the contaminant load in treated water. + +- The energy produced from the biogas can be fed back into the grid or used in other parts of the production process, which represents a real opportunity to reduce energy costs. + + +-  Key benefits: +Boost biogas volume by up to 20% + +Reduced soluble phosphate in the waste stream  + +Increased power generation from biogas  + +Less corrosion in generators and heat exchangers + + +https://www.calix.global/creating-renewable-energy/biogas-management/ + + + +3. Aqua-Cal+ for Aquaculture + + +-  AQUA-Cal+ is made by flash calcining a mixture of magnesite and dolomite (contains calcium) to produce a unique, very high surface area powder, and then hydrating the powder to produce a slurry for ease of application to ponds. It has been specially formulated to impact on both the aqueous and benthic ecosystems in the pond. + + +-  AQUA-Cal+ works as a water and pond bottom conditioner; clarifying the water, controlling pH and releasing alkalinity as required to aid in the digestion of organic matter. + + +-  With stabilised conditions in the pond, stress is reduced. When stress is reduced and water conditions are improved, both fish and prawns become healthier and more productive. Reduction in prawn mortality rate.  + + +-  Sludge volume reduced - pond bottom septicity is prevented + + +-  Iron suppression: Conditioning with AQUA-Cal+ removes the iron by flocculation from the water, significantly reducing turbidity and toxicity. The stocking of the pond after the water is conditioned reduces the subsequent mortality of the post-larvae. + + +- Results from trials on both Pacific White Shrimp and Tiger Prawns show that AQUA-Cal+ has a superior performance to probiotics in controlling ammonia, nitrite and pond bottom sludge. + + +https://www.calix.global/food/aqua-cal/ + + + +4. Aquc-Cal+ for Lake and Pond Remediation  + + +-  Algae control  + + +- Eutrophication in ponds and lakes has become a major environmental problem. + +- Nitrates and phosphates, especially from lawn fertilizers, grass clippings and leaves from surrounding parks, run off the land into rivers and lakes, detergents, food and human waste are often to blame. This, combined with little water movement can cause unpleasant odours and persistent blue green algal blooms. + +- Eutrophication can have serious effects, like algal blooms that block light from getting into the water and harm the plants and animals that need it. If there's enough overgrowth of algae, it can prevent oxygen from getting into the water, making it hypoxic and creating a dead zone where no organisms can survive. + + +-  Water clarification  + + +- Ph and alkalinity control, sludge digestion, removal of bad odours, reduction in phosphate and ammonia (struvite reaction), provide additional O2. + + +https://www.calix.global/lake-and-pond-remediation/ + + + +5. BOOSTER-Mag for Crop Protection  + + +-  Calix BOOSTER-Mag is a revolutionary (their words) agricultural solution for increased yield, more efficient fertiliser usage, insect/pest management, and fungal control.  + + +-  Safe, low-cost, environmentally sustainable and easy to apply, BOOSTER-Mag can improve yield and natural resistance to pests and diseases. It demonstrably provides a sustainable safety, simplicity and productivity benefit.   + + +https://www.calix.global/food/making-crop-protection-safer/ + + +6. LEILAC for Carbon Capture  + + +- LEILAC is piloting a breakthrough technology that will enable both Europe’s cement and lime industries to reduce their emissions while retaining, or even increasing international and cross sectorial competitiveness. + +- Carbon capture is not yet included in the available technologies for cement and lime.  The international and EU community recognises that CO2 emissions contribute to climate change, and the approach to reducing such emissions to-date for the cement and lime industries has been to increase kiln efficiencies and utilise alternative fuels. Once tested in LEILAC and scaled up, Direct Separation should reduce the costs of carbon capture considerably and accelerate the deployment in both industries.  + +Calix’s technology re-engineers the existing process flows of a traditional calciner, indirectly heating the limestone via a special steel vessel. + +This unique system enables pure CO2 to be captured as it is released from the limestone, as the furnace exhaust gases are kept separate. + +It is also a solution that requires no additional chemicals or processes, and requires minimal changes to the conventional processes for cement as it simply replaces the calciner. + +https://www.calix.global/reduce-co2-emission/project-leilac/ + +  + +OP’s conclusion: In my personal opinion, Calix’s competitive advantage lies in its environmentally conscious, top-down approach to being part of the solution of decarbonising big industries. They are all highly competitive spaces with a lot of different players working on a bunch of different things. At the end of the day it will be hard for them to be leaders in all, or even one, of these areas. However, the company is still young when you think about the scope and breadth of advantages to different industries that their technologies and processes accommodate.  + + +~ As always this information is for education purposes only, and is in no way a buy, hold or sell recommendation. Don’t seek financial advice from Reddit.  +The overview: +Current SP - $0.043 +MC - 120M +Volume - 19,243,213 + +VML are a rare earth mining company focusing on their Nechalacho project in Canada, and aims to produce a minimum 5,000 tonnes of contained rare earths oxide (REO) by 2025. +They recently signed an off take agreement with Reetec for this, with the option of expanding the production to 5000 tonnes per year for 10 years. + +The nechalacho site is an existing rare earths site, which hosts a resource of 105 million tonnes at 8.9 percent REO. So there's no guess as to what they are getting. Payment terms and profit sharing between VML and reetec are already in place. + +This week VML announced a drilling plan to confirm that they can meet the 5k tonne 10 year agreement. That is huge. + +VML are currently mobilising their mining equipment, with approval by Saskatchewan government, and will be done by end of March. Production of REO to meet the Stage 1 agreement will begin CY21. + +You can read the recent ann here - https://vitalmetals.com.au/wp-content/uploads/2021/02/2021-Feb-Vital-Commences-Drilling-to-Define-Mine-Plan-at-Nechalacho.pdf + +In my opinion, VML are ticking all of the boxes and taking a very sure and confident approach. With a low buy in price I think there's great potential for short terms gains, but more importantly, long term for those willing to hodl. + +As always DYOR! +Ok so here’s some real fucking numbers for everyone. Hey Citadel/Melvin how you like these fucking Apples. + +GameStop.com +4.15 million visitors/month over the past 6. + +That’s before all the mess they created and all the PR. I might add THEY paid for. Yes, even the FUD is free advertising. Remember there’s no such thing as BAD press. +(The visitor rate is an actual number from the internet anyone can look it up) + +I ran an e-commerce site I know how this shit works and you’re sooooooooo fucked!!!!! + +If you use normal website sale conversations it’s usually about 10% of visitors. So GameStop right now gets about 415,000 orders a month on their site and if you just say each one of them is JUST a game nothing else you’re looking at probably an avg sale of $60. So if we just say the site does this piddly little amount /sale you have about 24.9 mill in sales/month. Now as we all know but maybe Melvin/citadel haven’t figured it out yet they have made massive enemies out of every single stockholder. Meaning that each and every single GameStop holder will never buy anything with regards to gaming anywhere else.....EVER. Along with the fact that now every single fucking person on Planet earth has and will hear about GameStop. So now let’s say that visitor rate increases 3x that’s 12mill/month and that turns into 1.2 mill sales/month with an avg of $60. Woof you can see where this is going. Can’t you? You(Melvin/Citadel) have created a fully functional lifestyle gaming brand that HASN’T even started yet and you’re shorting has given it a share price of $200. As investors we thank you so much for believing in our fledging company and what it has to offer the gaming community. Hahahaha man would I love to be on the GameStop board even just apart of the marketing team. You’re so fucked it’s not even funny. This is a marketing/comms team slam fucking dunk and it’s not even started. The shorters better get their shit together because imma go so fucking long on this investment I ain’t never letting go. I don’t even really want a squeeze I just want a $1,000 share price just by fundamentals so we can all shove it down your fucking boomer throats. God damn I can’t wait to watch Cramer suck RC’s dick live on air. That will taste so good. Imma lick the tears off Melvin’s and Citadel’s cheeks. +Having a debate with a friend , my question is - + +"If I own all available shares of a company , could the share price change the following days if no shares are traded? " + +meaning, no shares are being bought because I am not selling any of my shares + +to me, share price shouldn't change because the share price is determined by the last price someone bought / sold a share for . if im not selling any of my shares , and i own ALL shares available for the company, should the share price remain the same until a transaction occurs ? +I’m currently making roughly 450k at a faang and about 1M NW. + +I have an opportunity to be a founding CTO of a startup. This is prefunded and they say that you should raise your series A within 1 year. I would get about 15-20% of the company. + +My question for those that have had successful exits is, is an IPO realistically the only way that the paper equity becomes real? Are startups basically an all or nothing home run bet? From what I understand most companies take 7-10 years to IPO, which seems like a lot of time for a startup to potentially fail. + +I’m fairly frugal (was living off of making ~145 cash last year and has about 50-60k in expenses), and the opportunity seems solid that if it doesn’t work out i can just pivot back to a faang. But I still can’t push myself past the pay discrepancy barrier (if I took the offer my cash pay would just be north of six figures) and how a lot of this sub mentions faang is the easiest way to being rich. +&#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? +Why there's so many people crying and complaining about stuff being stolen, NFTs of artist's work being sold to make profits without even giving them a credit, rug pulls, scams, dodgy coins of doubtful origin, convoluted and overly complicated processes for IDOs to take part in, high fees and complex smart contacts that drain your wallets. I can probably go on and on and on. I thought this sub wanted full decentralisation, no? + +You wanted things to be decentralised. That's what decentralised means. And that's what you get. You've sent your coins to a wrong wallet? Well, it's gone now. It's your fault. Your not getting it back. Shouldn't have clicked on those random links. You just got rug pulled? Should have done your research more carefully instead of trusting some random YTbers. + +This is just a simple reminder that crypto is still operating largely in decentralised manner. Yes, regulators are coming after us. When? Who knows. In some countries sooner, in other countries maybe little later. But right now it's pretty much a wild west. Accept it. Or you know, go and save money with your bank at 0,05% +Working full-time at a university and trying to save up for a home deposit in Sydney. My partner and I have close to $100k atm but it honestly never seems like enough in any part of Sydney. Trying to save for at least 20% deposit. + +Still in my 20s and wanting to make the most of my time before having a family. I work the standard M-F 9-5pm hours so finding hard to find casual/part time work around those days/times. + +Any advice would be great. Cheers + +Edit: + +Looks like the way to go is upskilling to improve earning potential . Thanks everyone. +Robinhood and other platforms are not letting their users buy GME or AMC etc stock because they are using Margin a lot. These retails are losing more money than making it. Also, they trying to keep it a safe way to invest before they get any trouble from Feds. What are your thoughts on this, is it right? +&#x200B; + +In what some might consider as "peak irony" Peter Schiff, renowned bitcoin opponent, crypto hater and general melt, has had his accounts frozen by regulators in Puerto Rico "without warning". + +&#x200B; + +https://preview.redd.it/fdew900g9i991.jpg?width=640&format=pjpg&auto=webp&s=0530fc17deb86f2536df5c8b5ed6e58aa0ff5849 + +All funds and access to accounts either by Peter himself of customers at the bank are frozen, clients losing money, Peter up shit creek. + +Will he use this opportunity to realise "Bitcoin fixes this" wasn't just a meme? Probably not. + +[https://twitter.com/PeterSchiff/status/1543729010278113281](https://twitter.com/PeterSchiff/status/1543729010278113281) +I see American shows of ultra frugal people literally walking into Walmart and walking out with shopping carts of food for $0.45. + +Why can't we do this in the UK? Are we limited to loyalty points and hotukdeals? +I’ve yet to do my taxes. 2018 was a wonky financial year for me, so it will be a tad harder to see how the new tax laws impacted me compared to previous years. Still, I’m curious to see how everyone else fared. Would be great if you could give a little insight into your financial background for context. +Recently my wife got a new job and when setting up her 401k I noticed it said her employer match was 25%. I tried looking for the cap but there wasnt any, so I thought this was crazy! She currently doesnt make much money so to max out her 401k she would have to contribute around 40% of her income. But this is obviously way too good to not do it right? Im thinking the right thing to do is convince her to go all in on that 401k. Anyway I was wondering whether this is as rare as I think it is or if its actually fairly common? She works as a health care worker (LVN) +When princess Diana passed away the dutch floral industry saw a 20-30% jump. +When queen Elizibeth passes, the same thing is likely to happen. +Kinda a morbid trading plan, but hey, an edge is an edge. +I cant find any financial product with this kind of exposure. +Anyone here know? +I'm sitting on over 1 million amex rewards points, and I have no idea how to spend them. + +I don't care about optimizing my point spend. I'm plenty fat (financially), and I get no personal joy in "beating the system". + +Anyone fatFIRE friends spend such a bounty of amex points on anything awesome? + +Worth noting: I have two little kids, and traveling, particularly across time zones, is just miserable with them, so big trips are off the table for at least a few years. + +Thanks! +3AC borrowed hundreds of millions from user's deposits through custodial agents like Voyager and BlockFi, and used it to recklessly gamble on all kinds of ridiculous crypto things, including "CryptoDickButt" NFT. + +This is one of the wallets of 3AC, [https://etherscan.io/address/0x2e675eeae4747c248bfddbafaa3a8a2fdddaa44b](https://etherscan.io/address/0x2e675eeae4747c248bfddbafaa3a8a2fdddaa44b) + +Which you can see has been drained out of almost every penny except a bunch of illiquid NFT tokens that have no takers. + +[Proud owner of CryptoDickButt 1462](https://preview.redd.it/dojejhe89db91.jpg?width=2682&format=pjpg&auto=webp&s=5ee37fbfe94765a6f99527334527522938809a58) + +Some other priceless (rather worthless) NFTs that 3AC curated include Slacker Duck Pond, Gutter Cat Gang, Gutter Punks etc. + +On other 3AC wallets including a NFT fund known as "Starry Night Capital", they have many more illiquid NFTs including "[Shiboshis" which they bought for almost $10k each](https://etherscan.io/tx/0xf1eeb4303d0c9b9afc6824bf047d86df6cda6605bf8d13a33e73ca7591d4be60). Infact till April, they were buying up all the junk NFTs using the funds borrowed from retail investors via Voyager, BlockFi, and any other centralised lender that was happy to lend to them. + +They bought [this one for 800 eth worth over $2m](https://etherscan.io/tx/0x6cca8635f02eb5c14fa66722392a49ae45152bc40f39bef6741ea04054b8a857) at the time, and another one called "[Arnolfrini Shrimp](https://etherscan.io/tx/0xc71aac6eec93e86a0e13b7bc15773ac95b51c822a2054ce96b20fbbc81b36ecf)" for $130k! + +The fact that these companies like Voyager kept lending out their customer's deposits to 3AC, who then used it to gamble degenerately on useless NFTs is utterly bewildering. Didnt they have any internal controls that would point out that the funds are being diverted to NFTs, when the bear market had already started? +Everything just feels off, high inflation, elections coming up, China housing bubble, pretty poor earning...yet everything is going up. Seems like a massive bull trap. + +Anyone else in the same mind or are we really on the way up again? + +Edit: I feel like I need to clarify, as I'm receiving hateful DMs for some reason? I never mentioned my portfolio or my positions, you've just assumed I've sold.....the purpose of the post was just to get a bit of an overview on market sentiment... thanks + +Edit 2: starting to really enjoy the conversation now, some meanfuly responses with new information to consider. I would say around 20% saying bullish, 20% saying bearish and 60% saying it doesn't matter, DCA. + +Thank you to everyone that engaged in polite discussion. 😊 +Recently we almost in every thread that mentions children and child care there is small but vocal minority of people who go to real lengths to put down any parents or people who plan kids. + +I find it pretty offensive that people treat kids as "expanse". They are human beings and deserve respect like anyone else. Yes rising kids is expensive, yes it can put some strain on the family. But no it isn't financial decision. People are not "stupid" for wanting kids. It is natural human instinct. If parents can respect some people decision to not have kids, we can only ask for the same respect to our decision to have kids. + +Can I suggest adding it to rules that criticizing people for having kids is not allowed on this subreddit. + +We have this rule "No personal rudeness period. If someone says something you disagree with, respect the person. There is no tolerance for personal attacks or insults of any type, towards other sub members, article authors, etc." but for some reason it hasn't been implemented on rudeness towards parents. We are adults in here and adults DO have kids, criticizing people for that is just immature and childish. +Let's say that I wanted to hold a certain amount of USD as a satellite holding in my portfolio. + +What would be the differences, other than the inherent ones, about doing so as: +• Physical USD bills in a wallet/safe. +• Electronic USD in a bank account e.g. Revolut will allow you to buy and hold foreign currency in-app. +• USDC cryptocurrency, the USD-pegged stablecoin. + +Naturally physical bills are subject to earthly elements, loss/theft, physical deterioration with time. Yet they are easy to store, usable in multiple countries and aren't going to suffer technology-related issues. + +Holding USD electronically seems sensible enough, although I couldn't go to the cash machine and withdraw them. I'm unsure of how easy it would be to pay for USD-denominated goods etc. using a dollar account. + +USD-C seems most 'risky' because of some of the inherent risks in dealing with cryptocurrencies. Does it have putative benefits that I'm not thinking of e.g. exchangeability for other cryptoassets, use in certain scenarios where using fiat currencies isn't possible? +Done a portfolio x-ray and I've only got 2.30% Western Europe Euro and 1.37% Western Europe non-Euro. + +Seems under represented considering the size of the economy. + +Can anybody recommend a suitable fund so I can address the balance? +Hi all + +Wanted to gather your thoughts on the back of the news that Deliveroo are set to go public valued a £7.6bn. There are mixed reviews about whether it’s worth investing in and the accuracy of the valuation. + +I read an interesting article here https://www.standard.co.uk/business/markets/deliveroo-float-should-buy-shares-london-biggest-ipo-b925542.html + +I personally think it would be a good investment as this a growing industry and will only get bigger, but interested to hear your thoughts. + +Cheers +I'm looking to do mostly day trading. + +I have been using the Trading212 platform over the last few weeks on its practice account, and I like it. +Should I continue using this with real money or is there another option out there worth it? +I feel like I'm spending more mental bandwidth than necessary planning my RE, essentially living in the future. Spouse and I still take vacations and enjoy the moment, but I find myself "spinning my wheels" planning or calculating when we can quit working. + +Will give a brief summary of where I"m at in the FIRE journey in case it's relevant. 35 years old, spouse (31) and I have been good saving in the past but didn't get serious about FIRE as early as I wished. 140kish household annual salary (bonus can drive it higher), about 65% savings rate vs take home, 200k NW with about 140k liquid primarily in tax shelters. Happy to provide details if requested but don't think its pertinent here. + +Most of our plan is set on autopilot as our investment contributions are automatic via employer or auto-deposit. We are projecting a retirement in 10 to 13 years dependent on market returns and what will be a decision of "how much do I dislike working vs how much luxury spending do I want" that won't be made until closer to the retirement date. We are mostly on autopilot, aiming for a retirement nest egg of $1.8m-$2.25m that we should hit when I'm 45 to 50 if I don't see significant promotions. Jobs aren't extremely stressful compared to what we have worked, and we intentionally plan time away from work relatively well (4 to 5 weeks vacation for each of us annually which is pretty good in the US), though we have a 40 minute commute each way that drains some of our time. + +With things mostly in order and just playing to the waiting game, I still find myself spending an inordinate amount of time building out our post-retirement plans (some vacation planning which is helpful) and re-re-re-reviewing our income projections (not helpful). Have you found yourself in the same spot, and how did you get out of this trap? I'm happy to plan for the future but I feel like looking forward 10 years all the time with no further planning needed isn't a healthy mindset... +Weeks before Didi Global Inc. DIDI -22.73% went public in the U.S., China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter. + +But for Didi, waiting would be problematic. In the absence of an outright order to halt the IPO, it went ahead. + +The company, facing investor pressure to list after raising billions of dollars from prominent venture capitalists, wrapped up its pre-offering “roadshow” in a matter of days in June—much shorter than typical investor pitches made by Chinese firms. The listing on the New York Stock Exchange raised about $4.4 billion, making it the biggest stock sale for a Chinese company since Alibaba Group Holding Ltd. BABA -2.27% ’s IPO in 2014. + +Back in Beijing, officials, especially those at the Cyberspace Administration of China, remained wary of the ride-hailing company’s troves of data potentially falling into foreign hands as a result of greater public disclosure associated with a U.S. listing, the people said. + +Long article finished at: https://www.wsj.com/articles/chinese-regulators-suggested-didi-delay-its-u-s-ipo-11625510600 +If we want to move Roth and other IRA/retirement accounts to Computershare, we need to bring the conversation to them. According to the shareholder meeting today, GameStop is not able to have retirement accounts registered directly because of Computershare. + +No point talking to GameStop about it anymore. + +Who has suggestions on contacting Computershare? Retirement accounts could be a game ender for locking the float. + +EDIT: credit to u/Blargon707 + +Links to contact Computershare on their website or on Twitter! + +https://www-us.computershare.com/Investor/#Contact + +https://twitter.com/Computershare +If we want to move Roth and other IRA/retirement accounts to Computershare, we need to bring the conversation to them. According to the shareholder meeting today, GameStop is not able to have retirement accounts registered directly because of Computershare. + +No point talking to GameStop about it anymore. + +Who has suggestions on contacting Computershare? Retirement accounts could be a game ender for locking the float. + +EDIT: credit to u/Blargon707 + +Links to contact Computershare on their website or on Twitter! + +https://www-us.computershare.com/Investor/#Contact + +https://twitter.com/Computershare +Finally got pre qualified this week and during the application the broker asked me, "How much do you want to put down?  The minimum required is 3% of the home’s sales price.  Many put 20% down to avoid Private Mortgage Insurance (PMI), which can be $100 - $200/month. " + +I figure that i use around $15k-$20k for my down payment rather than paying PMI which over the live of a 30 year loan equals $32,000 -$72,000. + +I am interested in multi-families in the $100k-$120k range and currently reside in CT. + +&#x200B; + +I guess my question is, is it too much to money to have tied up in my first deal. I have no problem living in a unit for a year, but at the same time i'd be saving money in the long term not having to pay for PMI. +I have been planning for a while to invest out of state to get my first rental property, (I’ve been doing so much research and prepping these past 2 years) since sunny California is ridiculous right now. Did you get a rental property first? Or your own personal Property first? How did you go about it? Tell me about it. Thank you!! +I have a 3 BR/ 3.5 BA REI property that the appraiser tagged as a 2 BR and 2.5 BA and the comps used were by 2 BR and 1 BA and 2 Br 2 BA. The appraisal was substantially lower than expected and I cannot figure out why the appraiser missed a whole BR and BA He physically walked through the property. I'm now concerned that the house won't hit the 80% LTV. + +Anyone have a similar situation? My mortgage broker has already put an inquiry into the appraiser. +I don't have room in my primary for all my tools, and it seems foolish to have a storage unit (90$/mo) for all my tools and have to go back and forth. Thinking of just grabbing a van for cheap to keep and store them all. My van would be out of sight of the street so I'm thinking I could be safe with it. + +Edit: I live in a city, I can’t build a shed lol +3 years ago I bought a multi family that I live in with an FHA loan, and I’d like to get a plan together to buy a single family to move into in the next year. Every mortgage broker I have spoken to so far is trying to tell me to refinance my current loan as a conventional loan, and then use FHA for the single family. The way I look at it id now I’d have to pay closing costs in the refinance that would eat into some of my savings towards the single family, and I would still be paying PMI on the single family anyway if I used an FHA loan for that? So what is the point of refinancing out of the first loan? +> The IRS doesn’t want people abusing the five-year rule with rentals that they move back into just before the sale. +> If you rent out your property for two years and then move back in for two years before selling it, you must prorate your exclusion because the exception to periods of non-qualifying use only applies to portions of the five-year use test period that occur after the last date that the property is used as a principal residence + +I am sharing this because 2 out of 5 year rule has slightly changed but ppl may not be aware of the change. +source: https://www.merriman.com/wealth-preservation/planning-on-moving-back-into-your-rental-in-the-future-read-this-first/ +So like I said I’m down 35% on my investment. I put in $21,500 and made some really dumb decisions including opening a margin account and investing heavy on Apple and Nvidia. Well to my luck they both took a 50% nose dive. I’m now sitting at $14,000. + +Anyhow, I have recently gotten rid of margin account. I have invested heavily in SPY, QQQ, and some other ETF’s to reduce volatility. I plan on adding $500 a month to these investments and hope to at least make it past my 20k mark this year. + +Are there any other recommendations you have to max out my investment? FYI I’m 23 years old, have 0 debt, and don’t plan to take out this money within the next 5 years. + +Edit: Thank you for all of the responses! I am very thankful for all of the helpful redditors. I will take the advice and invest more long term, with most of my position in index funds. Any stock i buy for now on i will ask myself why i am buying, and will not look to sell the stock anything less than a few years. I will take this as a learning experience i paid 7 grand for. LOL +I follow finance but don't have a financial background. I've heard this proposition asserted a few times on this sub, but haven't been able to figure out why (or what the implications are from someone who just VTSAX'd the majority of his portfolio). +I've been a cook from 16 to 23 and I usually ate at my job and bought some quick meal at the grocery store because I was too lazy to actually cook when I was at home. Meanwhile, I was also a college student with not enough money to actually buy in bulk and I didn't have the will to organize my life properly. In other words, it was : Many trips to fast-food restaurants, coffee machines/shops, bunch of trips to the overpriced convenience stores, etc. + + +Lately, I've graduated from college and I now live in a rural area with my girlfriend. The rent is cheap (350$ / month for a rented house, so 700 overall), I have a good 8-5 job, and the overall cost of living is pretty cheap. But I noticed I didn't have the money I *should* have. I did a quick budget and I noticed I barely had to spend 50% of my income in all the essential stuff. And yet, I had a hard time gathering money. + + + +Well, apparently, I still had the same "life" I did during college, except that I bought more expensive things. I looked up my debit card record and I noticed how brutal my expenses were. + + +About 100-150$ monthly went to convenience stores. + +About 150$ went to non-social restaurants (grabbing a Subway for lunch or ordering pizza for example). + + +About 300$ went to the grocery store (GF spends about 150-200). Way too much, considering it's for about 20 days worth of food. + + +It doesn't even include trips where we'd eat at the restaurant. + + + +So yeah, this was an eye-opener to me. It took me 5 months to realize I didn't adapt to a more serious and organized "adult" life. Thanks god it was only 5 months, though. But ever since, I've tried making efforts at cooking food at home, buying in bulk (now that I can afford it), making my own coffee, making my own lunch for work, etc. It's not about being cheap, really. I'm still eating tasty and healthy food. It's all about being intelligent about it... and man, I'm saving a crapload of money! + +Edit : Sorry for the potential grammatical errors, English isn't my first language. +My family is from Asia, and to them, whole life insurance is how they see investing. I'm currently paying $9,000 USD a year to fund these whole life insurances, but I want to put money into my Roth, HSA, and 401k. + +I'm trying to cancel these insurances, but my family is extremely upset and want me to transfer the ownership of the four life insurances to them. They gave me binders with papers to sign, and I don't know what to do. + +I want nothing to do with these life insurances. Should I sign to transfer, or would it be better if my name wasn't anywhere near these life insurances? Any help/advice would be appreciated. +So I know the entire country is feeling inflation and fear is at an all time high in anticipation, however, I was wondering was there this much fear before 2008-2009 happened and equities dropped 70%? It seems like we are going through the drops now, and not before. What I mean is, before 2008 nobody is aware anything is going to happen, then it happens and everyone talking about it. This is strange as EVERYONE seems to be talking about recession and inflation. To me this seems suspect and because everyone is aware, I don't think it's actually going to get that much worst or at least, we're already going through the worst of it right now. Can anyone from that time period speak for the environment? + +Edit: Many are saying we are already in a recession. I'm not disagreeing on that point I agree actually. What I'm saying is, we're talking about the next huge crash when recession turns into worst: job loss, more inflation, etc. +A few months ago I finally got a hang of my bills and started budgeting. I have 1 personal loan and auto loan and CCs. I make monthly payments on both loans more than the minimum amount and I got a great interest rate on both. But my CCs, I have been paying more than the minimum payment for months and I don’t see a change in my balance and it’s making me feel extremely hopeless in paying them off. One CC has 6k and the other only 1.2k. I am trying the snowball method of paying more onto the smaller debt but with the interest rates, it seems nothing is changing and I’m honestly feeling hopeless. Does anyone have any tips or any information on how I can actually see a difference? Would it make more sense to pay the minimum and save the rest till I get the amounts I owe then pay it off at once? Any help would be appreciated, TIA +Hello I started following the Tag about a week ago. I have learned about most of the popular div stocks now! I'm currently 24 years old and wanted to ask if $20 a week is even worth it or am I just wasting my time with stocks with so little each week. I mean 40 years of investing it may add up right?? Thanks in advance! +So I've decided that instead of sticking with just the $75 that is taken out of my check every week towards my portfolio that I'm going to throw an additional $300 per week on top of it as well that I make cutting grass for myself. +What are some good dividend stocks to put it into with the intentions of never selling... EVER! I want that sweet sweet dividend income. +I'm thinking of SCHD, O, JEPI, more QYLD, QYLG, KO, RYLD... just to name a few. Any other suggestions? +Also should I use the $375 weekly and split it up between stocks or just buy $375 of a different stock every week? +My goal is to hit 100k invested within 10 years and I don't see that as a problem at $375 a week for 9-10 months out of the year. I'm laid off in winter. +**Summary** + +Reached $100k net worth from a starting point less than -$100k in about 4 years mostly through consistent saving. Net worth chart with annotations included below. All salary numbers are gross. + +**Background** + +My wife and I are both 28 and live in the Pacific Northwest. We met when we were 24 and I estimate at the time that we had a combined net worth of close to -$120k, though we didn’t combine finances until after our engagement in 2014. + +I was lucky to graduate from college in 2011 with no debt and an engineering degree. A scholarship paid half of my tuition, my parents paid the other half, and I paid for everything else with savings and working during the summers. I had a job lined up after graduation but decided to go to grad school instead, taking on $21k of student loan debt over the next 2 years while getting my Master’s. My wife paid her own way through private undergrad and public graduate school, which left her with over $100k in student loans after 7 years of schooling by the time it was all said and done. + +**The Process** + +2013: We both lived in the Midwest. I graduated with my Master’s and started on full time at the company I interned at while in grad school as an Engineer I. My starting offer was $63k and I negotiated it up to $67k based on comps for recent grads with my degree that my school published. My rent was $650/mo. I’ve always been a saver but wasn’t deep into the FIRE mindset at the time, so I started contributing 6% to the 401k to get the 3% company match and set to work paying down my loans. Wife (girlfriend) was a full time student in year 1 of her grad program and worked as a barista to pay the bills. We moved in together at the end of this year and paid $1400/mo in rent. + +2014: I studied for and passed the FE exam (should have done this in undergrad) which was one factor in helping me earn a promotion to Engineer II at work and a salary of $73k. Wife was in year 2 of her program, still a barista, and we got engaged in the fall. This is when we first combined finances. Once I got the overall picture of our financial situation I started doing lots of FIRE-related reading and found MMM and this sub. The MMM post “Your debt is an emergency” really stood out to me, so from there we began aggressively paying down my wife’s student loans, some of which had interest rates as high as 6.8%! I started gradually increasing my 401k contribution and opened a Roth IRA. + +Also at this time, I decided to begin passively monitoring jobs in the PNW. We knew we would like to move there eventually to be closer to family, but had no timetable. Everything happened kind of fast. By the end of November I had applied, interviewed, and gotten hired for a job that was a good fit for my skills. The starting offer was $74k and I negotiated it up to $82k. I was really happy with how the whole thing ended up working out, but the downside was that they weren’t willing to wait on my desired start date so I moved home without my wife (fiancee) which really sucked. + +2015: I started my new job and got a 5% raise after the 6 month probationary period to $86k. My wife (fiancee) finished her degree, moved to the PNW, and started her career in the public school system at $54k. We found a townhouse to rent at $1100/mo from a family friend. We got married and paid down over $40k of student loans this year. + +2016: I got a 5% raise to $90k at my 1 year anniversary. We began saving for a new car, a house, maxed an HSA, maxed my Roth, opened a second Roth, and maxed a 457. The wife got a raise to $57k, and became nationally certified in her profession. I spent a few months studying my ass off for the PE exam and passed in the fall. This year we discovered my wife was eligible for a different loan forgiveness than PSLF that only required 5 years of work, so we ran the numbers and dialed back our loan payments significantly to hopefully take advantage of that in 2020. We paid off about $16k in loans this year and instead focused on maxing the previously mentioned 457 and HSA. + +2017: I was promoted to Engineer III in the spring, and along with a COLA raise/market adjustment, now make $99k. Up to now I feel like my salary has progressed quickly, but it will likely be much slower from this point forward unless I change companies. My wife makes $67k after including the new yearly bonus for being certified. We both pay into our separate pension plans at work and are also each maxing a 457/401k. Not currently adding to the Roth accounts anymore, but we’re aggressively saving up for a house down payment. We dropped the HSA for this year since we are having a baby in the fall! + +**Chart** + +[Here is that whole story summed up in one diagonal line](http://imgur.com/a/ex2VQ). I marked the inflection points as best I could. + +1. 7/2/15 began tracking net worth. +2. 12/21/15 added the e-fund to Personal Capital tracking to get a better picture of our net worth. +3. 3/29/16 crossed $0! We are worthless! +4. 9/8/16 added $5k to make the e-fund value more accurate, got $5k inheritance :( +5. 11/21/16 received the remaining $10k of the same inheritance. The big dip right before this was Personal Capital messing up our accounts for a couple days. +6. 5/24/17 crossed $100k net worth! +7. 8/9/17 bought a car + +**Current Finances** + +* $41k saved towards a down payment, $15k e-fund, $7k in an HSA. +* $104k of investments, mostly lazy index 3-fund portfolio. +* -$59k of student loans remaining, to be paid off by 2020. +* Budget is set for our savings rate to be 50% but we average about 60%. This will come down due to baby costs but I expect us to be in the 40-50% range still. +* Our FIRE goal right now is $1.5M. + +**The End** + +Overall, I’m not sure there’s anything super unique about our journey to this point, but I wouldn’t feel comfortable sharing this with people in my personal life. We worked hard, invested in good educations leading to good careers, and saved religiously. It’s simple but it wasn’t easy - I definitely dove in head first to the FIRE concept and for a while it was a source of stress for me, always trying to increase that savings rate. In my natural tendency to engineer things, I had turned my life into an optimization problem. + +It eventually occurred to me that I was stressed about saving money so that I wouldn’t have to stress about money and since then I’ve relaxed considerably. /u/MrLlamaSC‘s stickied post really resonated with me and I try my best to live by my dad’s favorite quote, “Everything in moderation, including moderation.” I’m sure there were many ways we could have done things differently or better, but I’m happy with where we’re at. + +As for what’s next, we are in full baby prep mode now, so it’s nice that our savings are basically on autopilot and we can focus on our family. A house would be the next big thing on our radar, so we will save for that, but we aren’t in any particular rush. I will continue to track these things because I like numbers and we’ll just keep plugging away until the next $100k milestone. Thanks for reading! +I know a number of the more politically-left in this subreddit are upset about Peter Schiff and Ron Paul getting all the credit for calling a crash. + +I understand that Nouriel Roubini was out there as well, putting his neck on the line, but you simply cannot ignore the fact that both Schiff and Paul were explaining the problems to non-economists. They certainly deserve kudos for trying to warn the public, while Roubini and (to a much lesser extent) Schiller should be applauded for warning other economists (even if they didn't listen). + +I think their target audiences were different, and there's absolutely nothing wrong with that. Also worth noting is that aside from post-Keynesian and Austrian economists, hardly anyone actually referred to what was going to happen as a "crisis". + +Far too much [fraud](http://en.wikipedia.org/wiki/Mortgage_fraud) was going on for anyone to point to one politically-charged point being the issue. You can argue more regulation would have stopped this, but you would be wrong, it was already illegal to do 90% of the things they were doing. You can argue that the Community Reinvestment Act was responsible, but you would be wrong, the vast majority of even **commercial** real estate loans during this timeframe were also bad loans, the CRA was far from responsible for these. + +Put simply, we should stop looking at this like a political game of tug-and-war and instead give credit where it's due. Paul, Schiff, and Roubini deserve whatever credit we can give them for alerting us to what happened. +I was at the store last night and avocados were $1.23 and only a few weeks ago they were 70 cents each. That's an 83% increase in just a few weeks. Off-brand food is at or near the same price as the most expensive name-brand food. Now with gas prices literally putting fuel on the fire that is our economic situation, I do not have any doubts that we are royally f'd. I could honestly see our beloved stonk drop to levels not seen since we were originally attacked by financial terrorists. Do you all feel that? Do you remember what it felt like when the economy took a dive during the Great Recession? I had a sinking feeling in the pit of my stomach back then, and that same feeling is in my stomach now. I love all of you apes. Whatever is coming, remember that you can always reach out on here. I wish you all the very best, and I sincerely hope the economy will not collapse. If this is it, if you haven't experienced a real economic downturn, you can make it through. See you all on the Moon one day, and hopefully we get to see this NFT market someday soon 🚀🌛 +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) + Recently I saw my future income rising and decided to lock in a lease agreement to rent a nicer apartment. I was doing well in my job and a friend's small business I had been helping for many months was beginning to turn over enough revenue to create a side stream of income. + +However what ended up happening was sales began to slump at the end of last year and the amount I had earned from my main job began to decrease. The business I had been supporting was also put into a position where it could no longer pay me for the work I was doing to help keep it running. + +All of a sudden the amount of money I was spending became more than the amount I was earning and I realized very quickly that I had made a mistake to increase the amount I was paying in rent. + +I began to feel very depressed and calculated that if I went on spending what I was currently spending with my new income I would be burning over $1000 dollars a month. + +I was in a lease for 10 more months and it would cost me over $3000 to break lease early and many more associated costs if I was going to move out of my apartment. Uh OH! There was only one option. I had to REALLY tighten the belt if I was going to survive this storm I had entered into. + +Using the spreadsheet I had used to figure out how much I was going to lose each month I went in deeper to understand not what I was spending all up but what I was spending individually. The big things were eating out, alcohol at bars and Ubers, and I also realized that I was spending about $40 a month on subscriptions too. I began to cut all of these things out, by cooking more at home and not eating out anymore. Not drinking at bars anymore and cancelling all my subscriptions and reading books from online instead. I also began to catch public transport or walk instead of taking Ubers. + +In my first month I spent $500 less, The exercise has made me go through all my expenses and now I understand how much I spend on everything each month. When COVID hit it was like I was already adjusted! Since COVID I am now spending Over $750 a month LESS! When I think of spending for convenience I think about earning that money through not choosing that option. It is very helpful. + +I also have become more confident and value money far more now. Now I know how much it costs for me to live each month. I know how long each dollar saved will support me if I lose my income entirely and see this as freedom! + +It has not been easy and I still feel depressed like today when I am worried about my future and not sleeping enough. But I wanted to write this post to remind myself of how much I’ve grown from the experience and that whatever happens it is just another opportunity for me to learn new skills and take more control and responsibility! + +I have been humbled and when I am back fully on my feet again I will not take my money for granted. I will not let myself spend more than 20% of the money that goes above my new monthly cost number. The other 80% will be saved and invested in something to secure my future and help me become less frightened and scared. + +If you are going through hard times I hope you find a way to see the light and grow stronger and more confident as a result in a way that can be maintained long term! + +Thank you for reading my story. +Basically I have about 50k saved up and don't have a job. Where I live I pay about 1800 per month for an apartment between me and my bf and it is small and I don't even have a place to park my car. + +I looked at some places like in south Carolina and Florida and for half of what we currently pay we can get a place twice as big and nice... should I just move down there and find work? Why wouldn't anyone want to move somewhere else? + +There's nothing in Boston for me really I just grew up here for 30 years with my mom and dad. +Hi there, + +&#x200B; + +My husband and I have been working on forex trading for a few years, and we are getting rather close to using trading to "retire" from traditional 9-5 jobs. Our concern, though, is that it looks like just about every US broker is uninsured and state that if the company becomes insolvent, they may liquidate all margin accounts. Oanda, for instance, states "In the event OANDA should become insolvent or file for protection under the bankruptcy laws, it is possible that you would lose the entire amount in your Margin Account. " + + +My question is if anybody here has found a way to "insure" the account to avoid this problem. The last thing we want is to pour our lives into it and rely on it, only to fall victim to a companies failure. I know, I know, its unlikely. But so was Lehman Brothers, and call me paranoid, but I am not one to want to rely on a corporation to put its customers first. + + +Thoughts? +Okay the pair is AUDJPY,in this example it's showing how it can help predict places where price may take support[https://www.tradingview.com/x/vhu3W3bW/](https://www.tradingview.com/x/vhu3W3bW/)as you can see in this example + +now for how i trade with them[https://www.tradingview.com/x/Ls3GCJJW/](https://www.tradingview.com/x/Ls3GCJJW/)as you can see price has rejected both the pitchforks and it is also a horizontal level of support + +[https://www.tradingview.com/x/zPvG2tT9/](https://www.tradingview.com/x/zPvG2tT9/)price then rejected the top of both the pitchforks again + +[https://www.tradingview.com/x/Mq8t1pYW/](https://www.tradingview.com/x/Mq8t1pYW/) now this is actually a trade i took as before this i wasn't really trading with pitchforks and this pair wasn't in my watchlist i think + +this was also a horizontal level and a few more confluences + +Hope this helped a little,you guys can check on your own and combined with other stuff it's quite powerfulas to how to draw them you can search for that online + +ps if someone has any doubts or questions,or would like to point out any mistakes etc,pls feel free to comment or pm me +Today I lost my job, I relocated to Denver a little over a month ago for work and was fired today for "not being the best fit for the company" I have some money saved up however I will only be able to make it a month or maybe a month and a half before I run out of money, I signed a 6-month lease in December and between rent, car payments, and student loan payments I owe $1650/ month. I applied for unemployment however I am unsure if I will receive it since I have only worked for about a month. I have been applying to jobs online and reaching out to any connections I may have but since graduating college it took me over 8 months to find this job so I am worried. I will be applying to service industry jobs asap. is there anything I am missing, I am very worried this is going to financially ruin me if I cant figure something out quick. + +Edit: since many people are saying I should break my lease and move home it’s not really an option, my parents kicked me out of the house and I was living on a family members couch for a few months in a town I didn’t know anyone in. + +Edit 2: Wow I’m overwhelmed by everyone’s words of support, thank you to everyone! + +Edit 3: since a lot of people are commenting, me and my parents have a decent relationship, they kicked me out because they come from a Tuff-love generation and they think that it will motivate me to work harder, no handouts all that jazz... +Link to goverment site https://www.simpleenergyadvice.org.uk/pages/green-homes-grant + +What is the Green Homes Grant? +Homeowners and landlords in England can apply for a voucher towards the cost of installing energy efficient and low-carbon heating improvements to homes, which could help save up to £600 a year on energy bills. + +The government will provide a voucher that covers up to two thirds of the cost of qualifying improvements to your home. The maximum value of the voucher is £5,000. You may be able to receive a higher level of subsidy if you are a homeowner and either you or a member of your household receives one of the qualifying benefits, covering 100% of the cost of the improvements. The maximum value of these voucher is £10,000. Landlords cannot apply for the low-income part of the scheme. + +Local Authorities will also be making support available for low income households in their local area through the Green Homes Grant: Local Authority Delivery. More information on participating Local Authorities will be made available on GOV.UK in due course. +I am in my late 20's with a net worth of $500k and recently just walked away from my job due to an unfavorable restructuring process. My wife just graduated with her masters in a niche field and is guaranteed at least $120k per year starting pay, and when I return to the workforce my projected earnings will be similar. + +Since my wife and I are between jobs with no kids and no real need for immediate income I want to utilize the time in the best way possible. I am thinking along the lines of studying with monks, climbing a mountain, learning a new skill etc. We are already very well traveled so it doesn't necessary have to be travel per se, but I am not opposed to it either. + +So I am looking to crowdsource ideas, if you could do anything you wanted right now with a 20-30k budget over 2-3 months, what would you do? +Feel like I'm learning a ton just lurking here the last few days. Been working like crazy the last 20 years, including running a smb the last 15, which I just sold. Staying on for now to the tune of $200k/year - still enjoy the work and have some earnout targets to work towards. Single earner, wife is taking care of the boys till they hit kindergarten this fall then she's jonesing to work but hopefully something flexible so we can work in a fair amount of travel before kid commitments start going through the roof. + +For others who've sold, was it super chaotic? We moved around the same time which definitely added to the insanity. I probably could have been a lot more organized and handled the whole process better, but there were a lot of days when I felt I was barely staying above water. There was also a part of me that probably never even really accepted it would really go through, or that somehow irrationally feared allocating more resources to the process would somehow ensure its failure. Glutton for punishment in some respects I suppose. + +Finally starting to get a bit better rested and get my head wrapped around things. Obviously feeling super blessed and certainly excited at the prospect of spending more time with the kids (and maybe even eeking out a few minutes for myself one of these days???) - but just feel like i'm constantly fighting a ton of fires. I guess residual moving/settling craziness plus the holidays (and all our birthdays) will do that. + +Any suggestions for someone who'd like to eventually spend some time being semi-involved in the finances but for now needs some training wheels? Happy to pay for good guidance but some of the fee structures for advisors seem out of whack. + +Assets are like so: + +Home \~$500k equity with $1m mortgage + +Retirement \~$650k (probably \~30/70 pretax/posttax $) + +Land $1.5m + +"Fun" Funds \~$820k (single stock, picked a winner and more than doubled in less than a year) + +Cash \~$5.8m (about $1.5m going out the door come tax day) sitting in a 1.7% high yield savings while i figure out where to head with it + +So I guess NW is somewhere in the $8-8.5m range, moved from VHCOL to HCOL (well housing and prop taxes are high in our immediate area, otherwise not too bad). Spend for 2019 was pretty crazy with moving in the picture, but I'd peg more typical spend at around $130k a year, including a $4.6k/mo mortgage. Got my wife her dream car, I'm going without one for the time being but got myself a nice bicycle and am definitely splurging a bit on food. + +Very much appreciate everything I've learned here so far! +I am purchasing a single family house ($50K) in cash. I will be fixing it up with my dad once we close. My question is, should I open up an LLC and put it under that for accounting purposes? Can I get a loan off the property so I can invest in another property? + +&#x200B; + +Very excited but nervous about making the right decisions. Thanks for any advice! +Ever since 2009 when the stock market reached its lowest point, following the 2008 financial crisis, the market has generally kept an uptrend over the last 12 years. +There’s been a few small corrections and a temporary drop due to covid in March of 2020, but aside from that, the market has been generally Bullish. + +How long do you think this trend will continue amid talk of: +1. the market allegedly being overvalued +2. Increased Inflation +3. Higher Interest rates + +Etc. Among other factors and things people have been talking about. +You can talk about “a market crash”, eventually you’ll get it right if you say it every year. + +How likely do you think this Bull market will continue? +What makes you believe in what you think? + +And yes, no one can predict the future, but I’d like to hear what people think. +Sorry if I am late to the party on this issue but I stumbled on a story today about how the Federal Reserve is struggling to unwind their bond portfolio that was purchased after the housing crisis. It turns out that early last year the Federal Reserve had accumulated around $4.5 trillion in government debt (treasuries, mortgages, etc...). I knew the balance sheet was big, but I honestly had no idea it was at this scale. + +As the economy started to improve the Fed decided to unwind the portfolio. It sounds like that plan is not going so well and they have only been able to sell around $300 billion so far over 1 year into the program of unwinding. + +I guess the point of my post is two fold... 1) Why isn't this a bigger deal? The entire national debt is close to $20 trillion, the Federal Reserve has 25% of this amount on their books? And 2) What happens if they can't sell most of it before the next recession? I would imagine they are not selling because if they flood the market with Treasuries and MBS's interest rates will skyrocket, but it seems like continuing to artificially depress interest rates forever could backfire someday. I don't know how exactly, but it just doesn't feel right. + +Thoughts? +Don’t buy through brokerages that just gives SHF more ammo. + +CL: BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! BUY THROUGH CS! +In the therapeutic endeavor it’s useful to remind patients during their growth journeys that progress is often disguised as a setback. That’s because as we move into the new and unknown we challenge ourselves in ways we weren’t before, and therefore inevitably experience failures we weren’t experiencing before. So those ‘failures’ aren’t really failures, they’re just useful data points in the learning curve that prove we’re gaining self-awareness. + +In this GameStop journey a similar phenomenon is going on where the suppression of the stock over the last six months might seem like a setback but in actuality is progress in that our enemies no longer have the power or the option to both suppress GME and allow GME to run. + +They’re stuck with suppression. That’s progress. The irony is that it’s a proof of the diminution of their powers. On the surface they seem more powerful now than at the early stages since what we see is constant suppression. But the truth is that the stock isn’t running anymore because they can’t allow it to. Their power has decreased, not increased. + +The final stage in the GME growth journey will be when, in addition to having lost their power to allow the stock to run up, they lose their power to be able to suppress it. + +We can call that day GME’s self-actualization. + Hey guys, I'm a 15 year old investor from India. I have been trying to get into Value Investors Club and this is the thesis I sent it. I know I probably wont get in. I'm still learning how to do write ups, and I ask you to shred my thesis and provide as much criticism as possible(genuine critisicm). It is not a value or deep value idea by any means. I have provided conversions from Indian denominations to USD as much as posssible. 7 crores INR - 1 Million USD. + +**The Anup Engineering Ltd.** + +# Company Description + +Founded in 1962 by Sanjay Lalbhai, Gujarat based The Anup Engineering is one of the top three manufacturers of process equipment in India. Its product line includes heat exchangers, column/towers, pressure vessels, dish ends, expansion bellows and centrifuge. In the initial phase, the company manufactured components of pressure vessels for textile & chemical segments. However, beginning in 2000, Anup forayed into process equipment manufacturing & currently exports to all continents across the globe. The company is an Isro approved vendor and has some esteemed industry names as its clients. Anup is headed by its CEO, Rishi Roop Kapoor, who is an IIT Roorkee pass out and was previously associated with Godrej & Boyce. Earlier, Anup was a subsidiary of Arvind Ltd. As part of the group restructuring, it demerged and was listed separately on the exchanges in March 2019. + +# Quick History + +* Beginning in the 1960s, they mostly manufactured components for pressure vehicles, textile and chemical industry. +* In the 2000s, is when they began manufacturing heat exchangers and process equipment manufacturer +* In 2019, the demerged entity of Arvind Ltd was combined with Anveshan Heavy engineering to form The Anup Engineering Ltd. + +# Products manufactured + +* Static Process Equipment + +1. Heat Exchangers - Heat exchangers are one of the core products made by Anup. They specialise in shell and tube heat exchangers, and have a reputation for high pressure and high/exotic metallurgy exchangers. The range of heat exchangers they offer include, Sulphur Condensers, Bayonet Tube exchangers, Catalyst Coolers, Transfer Line Exchangers, Evaporators, High Pressure Feed Water Heaters, Surface Condensers, Waste Heat Exchangers, Multitube Hairpin Exchangers, RG Boilers, etc. + +Considering this occupies the majority of the company's topline, let's dive a bit deeper. Heat exchangers are one of the major parts of process equipment. The primary function of a heat exchanger is to transfer heat from one medium to another. They are generally designed to last 20-25 years. Anup has an agreement with Eminent Technology Providers for fabrication and supply of a special kind of Heat exchanger on a fixed royalty system. + +The heat exchanger industry is a USD 21 billion industry globally – used to increase efficiencies. Largest players in the industry include: - Alfa Laval (>30% market share), Kelvion (Germany), Hisaka (Japan), SPX Flow/APV (US), SWEP (US). High profitability margins with many companies reporting gross margins of more than 45%. Alfa Laval has EBITDA margins of 14 – 15% while its Indian subsidiary also has EBITDA margins of 19%. One of the main reasons for higher margins from Anup is lower headcount in comparison with only 250 workers on roll. They do not hire more on bagging new orders. Anup also has indicated its focus on more complex machinery with higher margins. + +Heat exchangers are one of the most efficient options for energy saving. They help in reducing power costs by 20–40%, as they do not require electricity. Thus, the increasing focus on saving energy costs plays an important role in driving the demand for heat exchangers. Following table highlights major applications of heat exchangers in major user industries. + +Heat exchangers alone account for 80% of Anup’s topline. + +Some of their clients for heat exchangers include names such as - Codelco, Reliance, Linde & Petrofac + +1. Reactors - They are used in oil and gas refineries, as well as the petrochemical, fertiliser and chemical industries. +2. Pressure Vessels - They offer cladded vessels, which are of high thickness and pressure. Their pressure vessels are approved by a majority of the Gas Purification technology licensors for manufacturing critical equipment like PSA & TSA(Pressure swing adsorbers and Temperature Swing Adsorbers) + +Some of their clients include - ISRO(the official indian space programme), Reliance and GSFC(Gujarat State Fertilisers companies) + +1. Columns and towers - Mostly used by the energy sector. They make packed and tray towers. +2. Custom Fabrication - They also customise individually, for clients like GSFC & KNPC. + +* Technology Products + +1. Helix Changer - a shell & tube heat exchanger with helical baffles is a proprietary product of Lummus Technology. These highly efficient exchangers offer major benefits such as lower pressure drop, reduced vibrations, higher heat transfer coefficient and lower footprint over conventional shell & tube heat exchangers. Anup has a tie-up with Lummus Tech for manufacturing Helixchangers. +2. EMBaffle Heat Exchanger - Originally developed by Shell, it's a patented technology owned by Brembana & Rolle, Italy. Anup has the exclusive Licence of this technology for the Indian Market. + +* Dished Ends +* Engineering Services - Anup also provides engineering services for static process equipment for equipment such as - Shell & Tube Heat Exchangers, Air Cooled Heat Exchangers, cooling coils and pressure vessels for which they provide design services such as Mechanical Design, Fatigue Analysis, 3-D modelling etc. +* Industrial Centrifuges - Anup has a long past with the chemicals, fine chem, starch and pharma industries. They offer the entire range of Industrial Centrifuges from basket centrifuges to horizontal peeler centrifuges. + +# Capacity + +* Anup has a manufacturing facility in Ahmedabad, India - spread across an area of 45,000 sq. mtrs. They have 6 heavy and 4 light fabrication bays. They can manufacture equipment from 20 Mega Tonnes to 450 Mega tonnes in weight up to 8 metres diameter, 100 metres length, 200 mm thickness and 1000 mm thick tube-sheets. +* In terms of welding, they are well equipped with over 1800 welding procedures under their belt. +* They handle multiple ranges of metallurgies - Carbon Steel, Stainless Steel, Low alloy steel, titanium, Inconel etc. +* The Mundra port is 400km away. Kandla Port is 350 km away and the Mumbai Port is 550 Km away. +* Their qualifications and certifications include - ISO 9001:2008, ISO 14001:2004 and BS OHSAS 18001:2007 certified, and have statutory compliances with country specific regulations such as PED/CE, SANS, GOST TR-CU, DOSH and MOM. +* Their Client Base is well diversified and has clients around the globe, with high profile MNCs and major Public sector companies in India. 25 countries in total +* They have delivered on time to clients 95% of the time. + +# Competitive advantage + +* Given the size of the industry, there are very few players who exclusively serve the process equipment market. Total \~80% of Anup’s topline comes from heat exchangers. The company specialises in process equipment and has no other business segments unlike competitors such as L&T, Godrej & Boyce and ISGEC Heavy. This allows Anup to focus better and have a competitive edge. Their CEO, Rishi Roop has previously worked for Godrej and Boyce. +* The industry has strong entry barriers and new players basically never scale up. +* India has recently pushed capex spends in sectors such as oil & gas, petrochemicals, specialty chemicals. Management sees many opportunities in petrochemicals, specialty chemicals and LNG plants. Over 10,000 crores($1.5 Billion) of capex is expected for LNG terminals. +* Medium term(2-3 years) growth in heat exchangers to be supported by new emission norms (BS-6) that would require modification/revamp of heat exchangers currently deployed in oil refineries. +* Anup has an esteemed clientele with a high 85% of repeat orders. They deliver to Mitsubishi, EIL, GE and are an approved vendor for ISRO(Indian Space Research Organisation). +* In the past 5-6 years revenue and topline grew at rates in excess of 20%, purely from enhancement of product mix. +* Might be a proxy play to green hydrogen, as it already services clients such as LInde, and Reliance and BASF + +# Expansion and Targets + +* Company has an increasing focus on the export market so as to reduce the cyclicality in the domestic Indian markets. The % of exports in their sales increased to 15%. Orderbook has 24% exports. The company also expects to foray into the U.S with new capex, to capture the replacement market share. As aforementioned, the global heat exchanger market is about $18 Billion out of which the replacement market is $5 Billion +* Increasing complexity and weight of the products manufactured(pre-demerger numbers) with average equipment value going from 38 lakhs(50k USD) in FY2013 to 96 Lakhs(125,000 USD). They are looking to continue with more exotic technologies and exotic metals like titanium. +* Currently the company can only execute orders upto 450 MT at Ahmedabad facility. Capacity constraints limited Anup from bidding for larger high value orders, so, the company recently commissioned a heavy bay at Odhav facility that allows it to take larger & more complex equipment orders at the said facility. The capex at Odhav is a Brownfield capacity of 150 crores($20 Million). Once the brownfield capex is done the company envisages topline to increase to 500 crores($70 Million). The new expansion will add 150 crores($20 Million) to existing capacity at Odhav. The expansion is set to be complete in Q4 FY2022 or Q1 FY2023. One thing to note, is that the facility at Odhav has been delayed for 3 quarters after the effects of Second wave of Covid got over. +* Anup is also undertaking a Greenfield capex incurring 200 crores($28 Million) in Kheda, Gujarat which is to be commissioned in 3 phases. This capacity will be able to manufacture equipment of 1000 MT in size. The commission time for the phase of the Kheda Project was disrupted due to Covid-19. Once all the phases of Kheda are commissioned, management envisages 450-500 crores($65 Million) of topline from here alone. Each phase has a revenue potential of 150 crores($21 Million). The first phase is to happen in FY2023, the second phase in FY2024, and the third in FY2025. The construction at Kheda began in September 2021. +* In total with all the new Capex, management has a target of 1000 crores($150 Million) in topline by FY2025 and 750 crores($100 Million) by FY2024 and EBITDA margin guidance of 24%. + +# Gimme the numbers please - Valuation + +* Debt free balance sheet. + +Looking out for potential delays in ongoing Capex, I have built out 3 cases for the company. + +Base Case - Topline to grow from 321 crores to 850 crores by FY2025, growing at a CAGR of \~38%. With EBITDA margins of 22%(from 25%), it implies EBITDA of 185 crores. Valued at 10x EV.EBITDA it implies EV of 1850 crores from the current Enterprise Value of 823 crores. Company trades at a forward(FY2025) EV.EBITDA of 4.8x. + +Bear Case - Topline to grow from 321 crores to 650 crores by FY2025, growing at a CAGR of \~25%. With EBITDA margins of 16%, it implies EBITDA of 106 crores. Valued at 8x EV.EBITDA, it implies EV of 800 crores. Company trades at a forward(FY2026) EV.EBITDA of \~ 8. + +Bull case - Topline grows to 1000 crores by FY2025(as per management plan), growing at a CAGR of 46%. With EBITDA margins at 24%(as guided), it Implies EBITDA of 250 crores, valued at 10x EV.EBITDA it implies EV of 2500 crores. Company trades at a forward(FY2025) EV.EBITDA of 3.5x. + +# Risks + +* Previous capex cycle of heat exchangers in 2003-2007, GEI industrial systems, a major heat exchanger company, is now delisted. Not a great industry due to the long life span of such process equipment(although it is a growing industry). +* Lumpy business: Due to the nature of its business, quarterly revenue and margins are dependent upon deliveries made to customers so revenue can remain volatile on a quarterly basis based on dispatches and orders in hand. +* Margin concerns going forward. A competitor in the same arena, has its topline go from 60 crores in FY2009 to 237 crores in FY2020 but the PAT in the same timeline has gone from 7 crores to 11 crores. Anup needs to maintain the margins, although management seems confident. Strong operational performance from Anup in the past few years with regards to OPM provides comfort. +* Delays in Capex could hurt medium term growth prospects. +Mainly talking about AMZN/AAPL/MSFT since those are the FAANGs I own (and started trimming heavily). Anyone else think the law of large numbers is going to severely limit the future upside for these companies (and especially if corp. taxes go up)? It's like those comments by Buffett where he talked about even if one took all the profits from every S&P 500 company they wouldn't have been able to support the valuation of any of the few largest companies during the tech bubble. In addition, I feel like a Catch-22 (with AMZN/FB/GOOG especially) is that even if they do get profitable enough for two or three years to support their high valuations, it's possible they'd then just get anti-trust regs thrown at them considering how social/political sentiment is today. + +Anyone else selling off a lot of their shares in FAANG+M companies? Similarly, do you guys think a young Buffett or even current Buffett would dump all of AAPL right now if he had a position size he could easily liquidate? + +EDIT: Buffett clip I was referring to - https://youtu.be/vo_TWaV6Xy8?t=301 (from the 2000 BRK shareholder's meeting) +Mainly talking about AMZN/AAPL/MSFT since those are the FAANGs I own (and started trimming heavily). Anyone else think the law of large numbers is going to severely limit the future upside for these companies (and especially if corp. taxes go up)? It's like those comments by Buffett where he talked about even if one took all the profits from every S&P 500 company they wouldn't have been able to support the valuation of any of the few largest companies during the tech bubble. In addition, I feel like a Catch-22 (with AMZN/FB/GOOG especially) is that even if they do get profitable enough for two or three years to support their high valuations, it's possible they'd then just get anti-trust regs thrown at them considering how social/political sentiment is today. + +Anyone else selling off a lot of their shares in FAANG+M companies? Similarly, do you guys think a young Buffett or even current Buffett would dump all of AAPL right now if he had a position size he could easily liquidate? + +EDIT: Buffett clip I was referring to - https://youtu.be/vo_TWaV6Xy8?t=301 (from the 2000 BRK shareholder's meeting) +Buy some berk b and hold it will go over 310 per share. + +Very underavalued and underappreciated. + +Only the investment portofolio is worth more than the price now not even counting treasury bills cash operating income dividends from investments and insurance premiums. + +Just buy and thank me later + I was screening some stocks with group metrics and I found these 4 stocks from the healthcare sector. + +I don't know enough about their business, so I'd like some opinions from someone who understands the industry to see if, besides the financials, there are good indicators to buy these stocks. + +Thanks +On the Bloomberg site this morning. The #1 MOST READ article is "Ethereum Co-Founder Says Crypto Coin Market Is a Time-Bomb" and #4 is "Bitcoin Jumps After First Solution to Major Ideological Divide." + +Forget for a second on whether or not you agree with the premise of those articles, but take note that two of the top five articles on their site are related to crypto. This is a very big deal. + +Bloomberg is a serious news sources for major investors (not a lot of shouting / jumping up and down like on CNBC). All major, traditional financial markets investors have a Bloomberg terminal in their office. + +If Bloomberg is seeing that much interest in cryptocurrency, this is seriously a sign of changing times. Also, expect them to write more about this topic since people are interested. + +Increased exposure -> Increased awareness -> Increased adoption. VERY bullish for the long term! + +Screenshot of the top 5: http://imgur.com/a/xyBJ8 +Article #1: https://www.bloomberg.com/news/articles/2017-07-18/ethereum-co-founder-says-crypto-coin-market-is-ticking-time-bomb +Article #4: https://www.bloomberg.com/news/articles/2017-07-18/bitcoin-jumps-as-miners-take-first-step-to-avoid-currency-split + +The market may be down but that isn’t stopping me from going all in on metaverse games. There are [sooooo many](https://invezz.com/news/2022/02/17/bullieverse-raises-4-million-to-boost-metaverse-experiences/) being launched right now and I feel like a kid with a credit card lol + +Okay, truth is, I got some cash to spend, and I don’t want to just invest or trade on random cryptos because of the way the market is going. I don’t think it’s going to change anytime soon. So instead, though I’d dump the extra beer money into these games, cross my fingers and see where it leads me. + +Jokes aside, while most of it will be burned, there are sure to be some games with assets that skyrocket in value. I’m looking for that next game with the big x factor. What do you folks know? Share secrets pls. +They all talk a lot about psychology in the market. And how often times we blow up our accounts due to our own psychology. Whether it’s FOMO or chasing or bad risk management. + +As someone whose been trading for a few years and only about 6 months ago started becoming more consistent as I’ve blown several accounts, I finally came to an aha moment. + +I personally trade options. It’s not uncommon for new traders to instantly get hooked and see the potential of options without also realizing the danger of it. They think it’s a get rich quick thing. I ALSO thought that way too. Sizing way too big. + +Then I finally came to realize the potential of growing your account size a little bit at a time and using my own life changes to make me realize that. + +I initially tried to grow my account by 10% a day. Was doing well for about 1 month and then just crash and burned. Sized way too big. Then I finally realized that I can make grow it by 2-3% a day. I know that might sound absolutely insane to some stock share traders like “2-3% a day is fucking outrageously high”. To me that was possible. That was much more manageable. I do about 5%-10% of my portfolio per position with pretty tight stops around 20-25% loss. So a 5% loss at 25% is only 1.25% of your port. Or 10% at 25% is only 2.5%, which you can make back in like one good trade. + +I also realized my account could be like in just a year from doing that. Just 2-3% a day for 250 days or even less. + +Yes it seems like a long time for some. But I also thought back about what my own life was like just 2 and half years ago and how much that had changed. Now if I had that same mindset towards this, think what my account would be like in 2.5 years. + +I also came to the realization that I would rather grow my account slowly than to try and be aggressive and a year from now I still have nothing to show for except blown accounts. I think back about where my account would be if I had just decided to be more cautious and grow it slowly. +My wife recently completed her residency training, and has a contract for her first real job. + +She is expected to earn around 300k and will be an independent contractor working remotely from home (radiologist). + +420k in student loans. We plan to live on 100k/year and contribute everything possible towards paying off the loans ASAP and maxing out retirement contributions. + +No consumer debt or car payments + +We’re planning on living in a state with no/minimal state income tax. Likely Washington, Nevada, or possibly Colorado. + +If we were to buy a home, adding 500k in debt sounds very daunting... But I hate the idea of renting for years while we get her loans paid off. It feels like throwing away money to me? + +Any advice would be greatly appreciated. We tend to lean towards the Dave Ramsey style of money management and our goal is to have the student loans paid off in 4-5 years, then start making better contributions to our retirement plans. + +Edit + +To answer a few common questions: +-We have 2 little kids +-We planned on renting for a year or so after relocating to get a feel for the area and make sure we like it. +-500k is the higher end of average for a 3 bedroom house in the areas we’ve considered. Some places you can’t find a 3 bedroom house for less than 500, others 500 is an incredible amount of buying power. It’s not a number we *plan* on spending, but I thought it best to give the example with a higher purchase price +Just like every other token on BSC a lot of **large holders are consolidating** over the weekend. This happen everywhere, and BNB is doing a pumpy pump. Remember the last dip? The one that got devoured and **priced out whales? Well it’s come again**, and now we have a **higher stable floor** and an insanely bullish chart. This is the **perfect entry point** for some sweet multipliers for when the smart long-term whales come back from their BNB holiday! Don’t say we didn’t warn you! + +Yesterday we it was **National Adopt a Rescue Pet Day**, and in honour of the holiday out long-time friend and animal advocate **Rocky Kanaka [donated](https://imgur.com/gallery/wFT94nB) $10,000 from the $Bingus charity** wallet to Maui Humane Society! Our **total donations are over $40,000** now, and we’re only one day under a month old! **Rocky dropped in the Telegram** yesterday to rally support and let everyone know he’s got a **YouTube video to his 2.3m subscribers** on the way! It’s going to be amazing and featuring the donation! + +Search this sub for $Bingus and check out all of last weeks news that came along, it’s been such a wild ride so far and we have so much more to come! + +And remember, most other nonsense on BSC charges absurdly high slippage rates, with **$Bingus you’re only needing 3% slippage**. The first **1% goes to chairty**, another **1% goes to hellfire** and is burnt, and **1% is reflected back to all holders!** + +**Twitter giveaways** are everywhere to be found, search “$Bingus” on Twitter and see the amazing community that’s growing steadily by the day! And of course don’t forget to check out all other social medias, you’ll look back in a year and remember you were there at the beginning, while you count your stacks. + +**Token Links** +============== + +$Bingus website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +[HowToBuyBingus.com](https://howtobuybingus.com) + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F283050218D8) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +[CryptoTalkz AMA](https://streamable.com/h2w51l) + +[Satoshi Club AMA](https://t.me/Satoshi_club/715632) + +**Social Links** +============= + +[Telegram](https://t.me/bingustoken2official) | [Telegram News & Announcements](https://t.me/bingustoken2official) + +$Bingus on Reddit r/BingusFinance + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +**Charity Donations** +================ + +Donation 1 (**$350**) [Wright-Way Rescue](https://imgur.com/gallery/fKuZQoQ) | Donation 2 (**$1000**) [Forgotten Animals](https://imgur.com/gallery/quIDx6z) | +Donation 3 (**$3000**) [Reversed Rescue](https://imgur.com/gallery/lLlKTzQ) | +Donation 4 (**$2500**) [Jersey Animal Rescue](https://imgur.com/gallery/njxAINv) | +Donation 5 (**$3000**) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) | +Donation 6 (**$10,000**) [The Real Bark](https://imgur.com/gallery/kJ9M4Ya) | Donation 7 (**$10,000**) [Hope for Paws](https://imgur.com/gallery/H8FfkJo) | Donation 8 (**$10,000**) [Maui Humane Society](https://imgur.com/gallery/wFT94nB) + +**Endorser Links** +================ + +**Michael Rainey Jr** + +[Power](https://m.imdb.com/title/tt3281796/) | [IMDb](https://m.imdb.com/name/nm3691729/) | [Instagram](https://www.instagram.com/michaelraineyjr) | [Twitter](https://twitter.com/michaelraineyjr) | + +**Rocky Kanaka** + +[Save Our Shelter](http://saveourshelter.com/) | [YouTube](https://m.youtube.com/c/rockykanaka/videos) | [Rocky’s Website](https://rockykanaka.com/) | [Instagram](https://www.instagram.com/rockykanaka/) | [Twitter](https://twitter.com/rockykanaka) | [Facebook](https://www.facebook.com/rockykanaka/) + +**BBno$** + +[Spotify](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz) | [SoundCloud](https://soundcloud.com/bbnomula) | [Twitter](https://twitter.com/bbnomula) | [Instagram](https://www.instagram.com/bbnomula/) | [Facebook](https://www.facebook.com/bbnomula/) | [Reddit](https://www.reddit.com/r/bbnomula/) | Two $Bingus x BBno$ tracks [here](https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7) and [here](https://soundcloud.com/bbnomula/bingus-20-40million-market-expectancy/s-oz3htBobQfS) + +**MoistCr1tikal** + +[Twitch](https://www.twitch.tv/moistcr1tikal) | [YouTube](https://www.youtube.com/channel/UCq6VFHwMzcMXbuKyG7SQYIg) | [Twitter](https://twitter.com/MoistCr1TiKaL) | [Instagram](https://www.instagram.com/bigmoistcr1tikal) +Just like every other token on BSC a lot of **large holders are consolidating** over the weekend. This happen everywhere, and BNB is doing a pumpy pump. Remember the last dip? The one that got devoured and **priced out whales? Well it’s come again**, and now we have a **higher stable floor** and an insanely bullish chart. This is the **perfect entry point** for some sweet multipliers for when the smart long-term whales come back from their BNB holiday! Don’t say we didn’t warn you! + +Yesterday we it was **National Adopt a Rescue Pet Day**, and in honour of the holiday out long-time friend and animal advocate **Rocky Kanaka [donated](https://imgur.com/gallery/wFT94nB) $10,000 from the $Bingus charity** wallet to Maui Humane Society! Our **total donations are over $40,000** now, and we’re only one day under a month old! **Rocky dropped in the Telegram** yesterday to rally support and let everyone know he’s got a **YouTube video to his 2.3m subscribers** on the way! It’s going to be amazing and featuring the donation! + +Search this sub for $Bingus and check out all of last weeks news that came along, it’s been such a wild ride so far and we have so much more to come! + +And remember, most other nonsense on BSC charges absurdly high slippage rates, with **$Bingus you’re only needing 3% slippage**. The first **1% goes to chairty**, another **1% goes to hellfire** and is burnt, and **1% is reflected back to all holders!** + +**Twitter giveaways** are everywhere to be found, search “$Bingus” on Twitter and see the amazing community that’s growing steadily by the day! And of course don’t forget to check out all other social medias, you’ll look back in a year and remember you were there at the beginning, while you count your stacks. + +**Token Links** +============== + +$Bingus website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +[HowToBuyBingus.com](https://howtobuybingus.com) + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F283050218D8) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +[CryptoTalkz AMA](https://streamable.com/h2w51l) + +[Satoshi Club AMA](https://t.me/Satoshi_club/715632) + +**Social Links** +============= + +[Telegram](https://t.me/bingustoken2official) | [Telegram News & Announcements](https://t.me/bingustoken2official) + +$Bingus on Reddit r/BingusFinance + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +**Charity Donations** +================ + +Donation 1 (**$350**) [Wright-Way Rescue](https://imgur.com/gallery/fKuZQoQ) | Donation 2 (**$1000**) [Forgotten Animals](https://imgur.com/gallery/quIDx6z) | +Donation 3 (**$3000**) [Reversed Rescue](https://imgur.com/gallery/lLlKTzQ) | +Donation 4 (**$2500**) [Jersey Animal Rescue](https://imgur.com/gallery/njxAINv) | +Donation 5 (**$3000**) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) | +Donation 6 (**$10,000**) [The Real Bark](https://imgur.com/gallery/kJ9M4Ya) | Donation 7 (**$10,000**) [Hope for Paws](https://imgur.com/gallery/H8FfkJo) | Donation 8 (**$10,000**) [Maui Humane Society](https://imgur.com/gallery/wFT94nB) + +**Endorser Links** +================ + +**Michael Rainey Jr** + +[Power](https://m.imdb.com/title/tt3281796/) | [IMDb](https://m.imdb.com/name/nm3691729/) | [Instagram](https://www.instagram.com/michaelraineyjr) | [Twitter](https://twitter.com/michaelraineyjr) | + +**Rocky Kanaka** + +[Save Our Shelter](http://saveourshelter.com/) | [YouTube](https://m.youtube.com/c/rockykanaka/videos) | [Rocky’s Website](https://rockykanaka.com/) | [Instagram](https://www.instagram.com/rockykanaka/) | [Twitter](https://twitter.com/rockykanaka) | [Facebook](https://www.facebook.com/rockykanaka/) + +**BBno$** + +[Spotify](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz) | [SoundCloud](https://soundcloud.com/bbnomula) | [Twitter](https://twitter.com/bbnomula) | [Instagram](https://www.instagram.com/bbnomula/) | [Facebook](https://www.facebook.com/bbnomula/) | [Reddit](https://www.reddit.com/r/bbnomula/) | Two $Bingus x BBno$ tracks [here](https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7) and [here](https://soundcloud.com/bbnomula/bingus-20-40million-market-expectancy/s-oz3htBobQfS) + +**MoistCr1tikal** + +[Twitch](https://www.twitch.tv/moistcr1tikal) | [YouTube](https://www.youtube.com/channel/UCq6VFHwMzcMXbuKyG7SQYIg) | [Twitter](https://twitter.com/MoistCr1TiKaL) | [Instagram](https://www.instagram.com/bigmoistcr1tikal) +I'm currently with octopus, I do have higher than average electricity use as we have an air source heat pump. + +&#x200B; + +Just thought I'd see if I could get on a decent fixed tariff, and the cheapest option is this: + +&#x200B; + + Your new quote + +£4,862.91 + +Based on your estimated annual usage, not the figures you gave when signing up. + +### Tariff cost breakdown + +⚡ Electricity Daily standing charge 37.74p /day + +Unit rate (day) 62.52p /kWh + +Unit rate (night) 40.35p /kWh + +Early exit fee£0 + +&#x200B; + +&#x200B; + +This is £400 a month for the whole year. Absolutely insane. Should the price cap not be stopping this price? Or am I misunderstanding? +I lost my job due to my newborn being sick so I pulled him out of school. All of my bills are behind including rent and I feel so bad about not being able to get my kids stuff for Christmas. They are 4,2 and 6 months I been crying every night because as the days whine down I get more sad. I have fallen into a deep depression +I've recently started a new job which was advertised on seek for having a salary of $80k-$100k. +After the interview my boss said my pay would be $72k p.a. +Is this normal? I don't see the point in advertising a salary range if you then offer the new employee less :S +If this has happened to anyone, did you bring it up with your employer? +If you go to the sub rules, and read rule number 6, there is absolutely no wiggle room. + +Users are posting monetized channels to the subreddit daily. + +Those users should have the choice of demonitizing or having their posts removed. + +Even if those users are righteous and kind, the rule is in place to prevent grifting and abuse. It leaves no room for interpretation. + +Please apply the rules of Superstonk to superstonk. + +Thank you. +Curious for more experienced individuals’ inputs on this. + +My current goal: grow my trading account. It’s currently around $6K, and this account is strictly for fun/learning so I don’t send many deposits into it. I have a separate retirement account. + +My current strat: attempt to use QQQ weekly credit spreads ( call or put depending on the week) to generate roughly $100/month. Profit take with minimum of 45% profit. I have so far only used credit spreads that net me roughly $50-70 in premium. And try to do roughly 4-5 trades a month. All credit spreads are traded below (or above if a call spread) the market price of QQQ to provide slight protection. + +Any other tips to make this strategy more effective at growth, better weekly etf/stock to trade, or general words of wisdom? +Over the last year what’s become abundantly clear is that nobody is coming to help retail in this GME play. As we all know we’ve had countless entities arrayed against us actively working to hurt retail. + +Retail has to help itself, and the only way it can help itself is through direct registering all shares outstanding. + +This is the real game now and everybody seriously in this play knows it. Registering all shares outstanding ends the game. + +Our adversaries have been and continue to be all about buying themselves time. Regardless of msm fud they understand that retail is attempting to register all shares outstanding. + +They wouldn’t bring it down from the 150-180 range, a range where there was less buy pressure and little fomo interest, to below $100 where there’s big buy pressure and that buying power almost doubles, unless they absolutely had to. Unless their margin requirements, upcoming ftds, and desperate hope that retail might see this selloff as a real selloff not a fabricated selloff, forced their hands. + +What this means is that despite appearances retail is winning. It’s a bullish indicator. You could only call it a bearish indicator if you honestly believed it was retail and long institutions selling off their positions. + +I’m 100% sure it’s short selling and other collusion and manipulation that has caused the last prolonged drop from $250 to $100.15 and thus I’m more bullish than ever. +In case you've been living under a rock, it's no news the market is due for a significant correction. + +If you've found this DD, you've likely already absorbed all the other DD on & off of SuperStonk covering this topic, so I won't beat a dead horse. + +I'm going to do my best to make this as bare bone and easy to understand as possible. + +&#x200B; + +**The** [**S&P 500**](https://finance.yahoo.com/quote/%5EGSPC?p=%5EGSPC) **just hit another ATH (All Time High) yesterday of $4,361.88 USD.** + +In this little history lesson, we'll be making the final calculations under the basis that the current/ath price of the S&P 500 is a clean 4360. + +&#x200B; + +What is the S&P 500? + +The **S&P 500** measures the value of the stocks of the **500** largest corporations by market capitalization listed on the New York Stock Exchange or Nasdaq Composite. The intention of Standard & Poor's is to have a price that provides a quick look at the stock market and economy. [Source: Investopedia](https://www.investopedia.com/ask/answers/040215/what-does-sp-500-index-measure-and-how-it-calculated.asp) + +**There are 7 events** (not just crashes) **in stock market history that I'm going to touch on. We'll cover why they happened, how bad the market dropped** (using the S&P 500 as an overall market confidence/health indicator) **, how it impacted the world & how hard the stock market would take a hit if an event of that magnitude happened in the near future.** + +Lets go. + +&#x200B; + +# September 2020 + +The September 2020 Market Dip was said to be mostly caused due to major fears of a significant, COVID-19 Resurgence, causing economies to start shutting back down just as thing were starting to open back up. No noticeable changes in day to day life for the average earthling. + +[Rough Dates: 02 Sep 2020 - 24 Sep 2020, S&P Dipped 10.3&#37; from \~$3580 to \~$3210 \(-$370\)](https://preview.redd.it/31e43ln974a71.png?width=1691&format=png&auto=webp&s=031d61432106b6a10274c18fef9d6a64e78e419d) + +&#x200B; + +# 2018 Recession + +The 2018 Market Recession is a period where investors confidence started to fall. Majorly influenced by the ex-president of the USA's trade war with China, Global Economic Growth Slowdown, & concern about the Federal Reserve raising interest rates too quickly. Average daily life mostly unchanged. + +[Rough Dates: 03 Oct 2018 - 24 Dec 2018, S&P Dropped 20&#37; from \~$2930 to \~$2350 \(-$580\)](https://preview.redd.it/2435pewf94a71.png?width=1697&format=png&auto=webp&s=5bc7c6c695fbd39fe3feab516269becde93169a8) + +&#x200B; + +# 1987 (Black Monday) Crash + +The trade deficit of the USA was widening compared to other countries, tensions between Kuwait & Iran, & newly implemented computerized trading had increased volatility in the market (Basically computer thinks: Things are going up? Automatic buys. Going down? Automatic sells.) This all impacted investor confidence, & since the stock market was already experiencing a couple bad weeks going into Black Monday, once the losses started on 19 Oct 1987, everybody started panic selling. S&P had 20.5% losses in just that day alone. This triggered a global stock market decline ranging from \~20% to \~40% losses across most major exchanges, even \~45% on the Hong Kong exchange. A lot of brokers/bankers/financial industry professionals lost jobs, however the market immediately started another bull run which would last until the Dot.Com Bubble busted. + +[Rough Dates: 5 Oct 1987 - 20 Oct 1987 \(The actual \\"Black Monday\\" was on 19 October '87, but the markets had been declining since the 5th of that month\), S&P Dropped 33.5&#37; from \~$328 to \~$218 \(-$110\)](https://preview.redd.it/4aphxtnfg7a71.png?width=1680&format=png&auto=webp&s=c0770f856f622dec9ba4e25ab12e52734957c6b6) + +&#x200B; + +# Covid Crash + +Pandemic Time. Flash Crashes across the global markets. Millions newly unemployed, a major increase in homelessness. Not to mention a lot of dead friends, family, and neighbours. Major billionaires increase their value by a combined half a $TRILLION, while over 40Million Americans filed for unemployment & people were dropping dead in the streets of Italy. + +[Rough Dates \(of the crash, not the entire pandemic, obviously\): 19 Feb 2020 - 23 Mar 2020, S&P fell 35.3&#37; from \~$3400 to \~$2200 \(-$1200\)](https://preview.redd.it/ybdgzwo9b4a71.png?width=1701&format=png&auto=webp&s=efb94d3d1850410cd0bcad6effe1ed5bf17ee496) + +&#x200B; + +# Dot.Com Bubble + +Japan had entered a recession triggering a global sell off in March 2000 that hit tech stocks hard, a lot of internet based companies had been spending WAY too much on advertising rather than building their companies/products, which led to a lot of positive investor attention before a lot of these companies ultimately failed. 9/11 & various accounting scandals in significant public companies also helped attack investor confidence. Several companies & executives were accused/convicted of fraud for misusing shareholders' money. Lots of layoffs of programmers & other computer based workers, University enrolment for computer based disciplines also took a major hit. + +[Rough Dates: 27 Mar 2000 - 10 Mar 2003, S&P tumbled 47.7&#37; from \~$1530 to \~$800 \(-$730\)](https://preview.redd.it/t570xjx6d4a71.png?width=1694&format=png&auto=webp&s=5cd744981f4eb6b6aa8e1a08e2cbe3b3cf67546e) + +&#x200B; + +# 2008 Financial Crisis + +[Seriously, go watch The Big Short.](https://www.youtube.com/watch?v=j13KSg4l9gM) Banks (& others) got very greedy and were taking insane risks. The housing bubble finally got a fair reset, & a lot of people in the western hemisphere are still feeling the ripples today. According to [some cute as fuck dog](https://www.reddit.com/user/Criand/posts/), it never ended. + +[Rough Dates: 10 Oct 2007 - 09 Mar 2009, S&P crashed 56.7&#37; from \~$1570 to \~$680 \(-$890\)](https://preview.redd.it/yw4czjtue4a71.png?width=1695&format=png&auto=webp&s=3304ae28b8aa1e4fc737f02542c088e2ec3017c9) + +&#x200B; + +# THE GREAT DEPRESSION + +A SEVERE WORLDWIDE ECONOMIC DEPRESSION. Various countries felt it at various times, but it was mostly concentrated in the 1930s. It kicked off in the USA due to [Black Tuesday](https://www.investopedia.com/terms/b/blacktuesday.asp), & continued through the 30s as retail consumer spending and investing dropped, & failing companies led to more & more jobs lost. A significant amount of working class people worldwide were forced into homelessness & starvation due to lack of means to provide for themselves & their families. + +[Rough Dates: 29 Oct 1929 - 11 July 1932, S&P perished 86.1&#37; from \~$31.8 to \~$4.4 \(-$27.4\)](https://preview.redd.it/6sqbzjlag4a71.png?width=1691&format=png&auto=webp&s=4f835e4dee346adb6ae0d1a16556cfd0d649926d) + +&#x200B; + +# So how far would the market have to fall to match the severity of each of these events? + +[Each horizontal line represents where the S&P would have to fall to in order to match the magnitude of each indicated market event](https://preview.redd.it/e0dorroak7a71.png?width=1687&format=png&auto=webp&s=3626f5451402c51c02f97b7e84766977cce0f903) + +&#x200B; + +**Event** (Market drop): **What the S&P 500 would have to hit in order to match** (total value lost/share) + +&#x200B; + +**The September 2020 Dip** (10.3%): **$3911** (-$449) + +**The 2018 Recession** (20%): **$3488** (-$872) + +**The 1987 Black Monday Crash** (33.5%): **$2900** (-$1460) + +**The Covid Crash** (35.3%): **$2821** (-$1539) + +**The Dot.Com** **Bubble** (47.7%): **$2280** (-$2080) + +**The 2008 Financial Crisis** (56.7%): **$1888** (-$2472) + +**The Great Depression** (86.1%): **$606** (-$3754) + +&#x200B; + +Have a great night! + +[hehe\_pomeranian\_dd\_go\_brrrrr](https://www.reddit.com/r/Superstonk/comments/o4tnz4/hehe_pomeranian_dd_go_brrrrr/) +I like it when stocks go up. I have a hard time betting on them going down. I know I can make money by buying a Put. It just doesn’t fit my personality to bet on downward motion. Anyone else have this problem? Anyone overcome it? +I would appreciate thoughts from this subreddit. Crosspost from: https://www.reddit.com/r/personalfinance/comments/lpl4br/is_it_a_good_idea_to_buy_a_vacation_home_before_a/ + +I live with my wife in Berlin, Germany. Apartment prices here have been going through the roof, and this trend has only accelerated in 2020. + +We want to buy a house / apartment, and would definitely like to buy something big enough where we don't have to move again within 20 years once we start a family. So we're looking at 4-5 bedrooms. That pretty much forces us into new buildings, located more outside of Berlin. Apartments like this go for around 400k€, with 15% taxes and fees on top. They can be rented for around 1200€/month before utilities. + +On the other hand we are reconsidering whether we want to live in Berlin forever, since my wife comes from a smaller city, and if we move, renting the apartment would be a hassle not worth it with Berlin rental prices and the Mietendeckel law. + +So I am considering buying a vacation home as an investment first, in the Canary Islands. Currently we both can work remotely, and can afford an apartment big enough over there. This would have the advantage of adding to our cashflow immediately once travel picks up again, I'm calculating Q3/Q4 2021 for that, we would put up the apartment on Airbnb and use a local management service. Apartments that I am looking at go for around 120k€, with 10% taxes and fees on top. Most are furnished. + +Once we have decided on where we want to live (in Berlin or not), we could take out a mortgage and buy a property. + +Am I missing something in my thoughts? +Hello everyone, I'm from Italy and I am starting to work as a freelance. + +My first client is from USA and we are talking about how payment should be executed from their side. Transferwise is their default option but as of right now it's impossible to open new business accounts in Italy so we are evaluating other options. + +As far as I know SWIFT transfers are pretty expensive because they need to rely on an 3rd-party entity which is capable of moving money internationally. + +I have a Unicredit account here in Italy and a Revolut one (both personal, non-business). While the first seems the most safe it is indeed the most expensive (handling multiple currencies is not a default option), the latter seems the smartest choice (lowest USD->EUR conversion) but Fintechs aren't renowned for their "stability". + +What's the best way to receive payments from this client without getting drowned by fees or getting my money locked somewhere in Europe? +I'm considering starting a small online side business in Germany and looking to see if this can be a way to lower the bureaucracy / tax / cost factors of doing business as a very small company in Germany. +Hi, I have been using Flatex in Austria since 2019, only ETFs (VWCE, IUSN, VAGF). Last year I wanted to prepare my tax declarations in Finanzamt, and my tax accountant told me that even though Flatex is a Steuereinfach (tax friendly) broker in Austria, I still need to fill up the declaration (for which he told me I need to update my Finanzamt account to another type). + +Do any of you have experience about this? + +Also: do I need to request from Flatex the "Erträgnisaufstellung" for a fee? + +Thanks! + +Edit 1: Thank you for your contributions. I would like to hear if anybody consulted directly with a tax advisor in Austria about this. Until then, I don't know better. I haven't contacted Flatex directly yet, I'm worried about my poor German, but I will do it as a next step. I'm still exchanging information with my tax accountant. I wish as much as all of you that he is wrong or that I managed to confuse him. I will try to update this once I know better. +How much do you spend on groceries? My partner and I spend 600€ per month excluding delivery. To me that seems like A LOT. + +Edit: do you plan groceries in advance or buy when you need? +How much do you spend on groceries? My partner and I spend 600€ per month excluding delivery. To me that seems like A LOT. + +Edit: do you plan groceries in advance or buy when you need? +I've been working at my current company for over 4 years. It's a stable, secure and comfortable senior engineer job. I've been offered the position of CTO at an early-stage startup, with the same salary I have now but 8% equity. I'm thinking about risks like coming back to software engineering if we fail. Also, if I should ask for progressive and significant raises as we go through each funding round. + +The CEO is extremely resourceful, likeable, and usually gets what they want in good terms. We have good rapport, maybe because I tend to avoid conflict. I believe in the company's product and think it has great potential in extremely relevant markets. +Hello AusFinance, + +I am still in process of getting my Australian driving license and I am baffled to see the car prices in the market. I am looking for Mazda CX-5 and the drive-away 2016 model that is being sold in the market is $28K, while the new Mazda CX-5 is $33K. This is an unexpected blow to my budget that I had set for settling in Australia. What are the reasons for such inflated car prices? Why such a meager difference in the new and the used cars? Any solution , how to financially plan buying a car, or should I drop the plan of buying the car altogether. +I'm due to run out of my plan for gas and electricity provider in the next few weeks. +My provider sent me a link to auto-renewal the plan. The exact same plan name and everything but when comparing with a current bill I noticed that the daily supply charge and peak Kw charge is 30% higher. It's even 15% higher than their new plan rate advertised on their website. What the shit? + +&#x200B; + +So I called them up and quoted them my current price, as well as their new plan price and then asked (politely) to explain why my renew price would be higher. The first person mumbled something about increased global costs but said they couldn't adjust on their price. I asked to transfer to my provider's complaint line which put me through to their 'retention team'. The retention team member agreed to 'just this once' renew my electricity/gas at my current rates - thank you. + +&#x200B; + +This annoys me so much. I wouldn't have picked this up if I wasn't working from home and had time to look into this. Took me an hour but probably saved me $500 for the year. + +&#x200B; + +I recommend people be cautious when renewing; + +\- Have your old bills ready in front of you + +\- Know your current supply and daily charges - specifically ask them to quote the renew ones + +\- Don't be fooled by marketing, they rely on people being lazy. My provider keeps quoting things like '25% discount on your plan' but they are reluctant to give you the actual supply charges. 25% off what? + +\- Don't blindly renew. Ask for a better deal +tl;dr + +1. [Graph of % of portfolio remaining over time for people who retired Jan 1 2000 in 100% S&P500, based on different SWR](https://imgur.com/a/QiYMHOF)s; 4% SWR still survives, but is uncomfortably low. +2. [Table of % of portfolio remaining for people who retired on Jan 1 of years around 2000 in 100% S&P500, based on different SWRs](https://imgur.com/a/MZs9WvA). +3. [Graph of SWR that leaves you with $0 after 30 years invested 100% in S&P500](https://imgur.com/a/thEWFC0). Note that for retirement years after 1991, S&P returns for years after 200 are set at 3.75% (ERN's default assumption) + +&#x200B; + +**Background** + +Last year [I posted](https://www.reddit.com/r/financialindependence/comments/ah0jem/update_to_the_2000_retiree_performance_using_erns/) about the performance of people who retired in Jan 2000. I look at 100% S&P 500 portfolio because a lot of people in the sub are planning on something similar (but mostly because I'm too lazy to look at different portfolios). This analysis doesn't totally apply to me: my portfolio looks very different; I'm planning for a retirement much longer than 30 years (retired in my mid-30s); and [I set my SWR differently](https://www.reddit.com/r/financialindependence/comments/alf50o/algorithm_i_used_to_set_my_325_swr_from_a_retired/) and don't assume it will stay fixed. So why do I do this? For fun! + +The data is based on ERN's [monthly data](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/) on real returns with dividends reinvested through Sept 2019. Since CPI data for oct-dec 2019 isn't out yet, I've appended to his data the nominal S&P returns for that time period. + +&#x200B; + +**Results** + +Huge returns in 2019 really helped out performance to date! + +* 2000 appears to be the second worst time to have retired in the last 150 years in the US (slightly beating 1929). This isn't surprising, since those 2 periods were also [huge peaks in CAPE ratio](https://www.multpl.com/shiller-pe). +* a 4% SWR still has 24% of it's portfolio. I really doubt it will make it to the 30 year mark, and certainly wouldn't be good for anything longer. Especially since interest-rate adjusted CAPE ratios are at levels that have always previously predicted below average (but not extreme-bear market) returns; see chart towards bottom of [this page](https://dqydj.com/cape-interest-rates-time-future-returns/) +* to maintain portfolio value (like you might want to if you're planning for a 50+ year retirement), you would need to have used a 2% SWR + +&#x200B; + +Edit: Here is the link to ERN's data that I used: [https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/) . You can use this to look at different asset allocations and to adjust other assumptions. If you don't want to work with the raw data directly, he has some tools in the spreadsheet that will do the analysis for you when you adjust assumptions. + +Edit 2: Here is the extra sheet I added to ERN's workbook, in case you want to play around with it: [https://docs.google.com/spreadsheets/d/1JcSRDrGv9YxQmR8E8dAmLELRgtqiCFtw8lcdSRUyAVc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1JcSRDrGv9YxQmR8E8dAmLELRgtqiCFtw8lcdSRUyAVc/edit?usp=sharing) +[Link](http://davidcard.berkeley.edu/papers/njmin-aer.pdf) + +> **Abstract**: On April 1, 1992, New Jersey's minimum wage rose from $4.25 to $5.05 per +hour. To evaluate the impact of the law we surveyed 410 fast-food restaurants in +New Jersey and eastern Pennsylvania before and after the rise. Comparisons of +employment growth at stores in New Jersey and Pennsylvania (where the +minimum wage was constant) provide simple estimates of the effect of the higher +minimum wage. We also compare employment changes at stores in New Jersey +that were initially paying high wages (above $5) to the changes at lower-wage +stores. We find no indication that the rise in the minimum wage reduced +employment. + +*** + +Sorry about the delay! +Searched but did not see anything that quite discussed this. Over the past year I have devoted a lot of time to reading, learning, and attempting algo trading. Along the way I’ve met several other people who are in a similar position. A few of us now are live testing/running successful algos. With different people taking different approaches it seems it would make sense to pool our strategies into one portfolio to diversify across several algo strategies. + +Doing some searching on how this could be done simply, without any of us needing to be certified, I came across “investment clubs” that can incorporate in the US. The SEC does not regulate these groups assuming they meet the requirements, mainly involving not having passive investors. As we are all “part time” traders (all work full time outside of the industry) this seemed to be a good solution. + +Has anyone dealt with something like this before? Has anyone started a fund of some type? Any other advice you have in this area? + +Link to the SEC page on investment clubs: +https://www.sec.gov/reportspubs/investor-publications/investorpubsinvclubhtm.html + +As the title says. I recently switched to a new physician and had blood work done. They managed to send the blood work to a lab not included in my insurance plan and I am now receiving a $1,500 bill, with $1,200 of it owed by me. What are my options? Can it be argued? + +EDIT: RIP inbox. Thank you to everyone for all the replies! I am currently awaiting a response from my insurance company, and will call the physician's office tomorrow. Hopefully something can be worked out.Again, thank you everyone! + +UPDATE: So after reading through the influx of answers, I've gathered my next move is to contact the physician's office rep and explain my situation. If they give me a hard time I'll stomp my feet and continue to refuse to pay until I get through to them. Thank you all for the support! +After looking into some of the DD that had been published in the last days i decided to take a look into the Short Data and FTD data to find out if this stock behaves like a delisted stock or if the allegations made by some of the authors could be true - just by looking at the FTD Data and Short Data that is available to us/the public. + +Lets start with the basical facts: + +Sears first got my attention back in June because of his tweet - but i had no idea what and where to look at. + +https://preview.redd.it/3ydi36ht6ql71.png?width=1280&format=png&auto=webp&s=5b15eb3ed5c4b34c45249857fbe6e75008bc049c + +Sears was delisted on 24. October 2018. + +Before, it had been traded unter the Ticker SHLD - since the 24. it is traded unter the Ticker SHLDQ. + +Lets first take a look at the long timeframe for SEARS. + +&#x200B; + +[As you see, the FTD spiked exatly the the day after the delisting of sears. While we still got hugh ftd in 2021. Strange, right?](https://preview.redd.it/ptvf7pbc6ql71.png?width=1456&format=png&auto=webp&s=62491477838985315c0f494a9d6c1c71a4801569) + +2010 looks nice, lets move way deeper into the past: + +[Oh - 2008 says hello! Anyone has an idea why SOOOO many shares could fail? ;\) ](https://preview.redd.it/tlobqh5l6ql71.png?width=1602&format=png&auto=webp&s=b12940996c9e3c41e44b1e56d6d004a05f81d517) + +So, lets take a look into the Time AFTER it got delisted - It should not have any real short activities, its a dead company so never mind! Oh. it has a volume. And a short Volume. And it reports a short volume. + +[This is the Volume \(Blue\) and Short Volume \(Orange\) since Sears got delisted.](https://preview.redd.it/797h8hpo4ql71.png?width=1971&format=png&auto=webp&s=e9c53bd62559e3964460e565de5e28f7d7e013e5) + +How much did shortsellers make by shortselling a dead company over and over again after the delisting - you will say, some pennys. Yeah, some pennies if you are a hedgefund manager. But for us its a lot money. + +**To calculate the "short sell gaines"/how much money did they make by just shortselling a dead company:** + +https://preview.redd.it/p6z2vr105ql71.png?width=136&format=png&auto=webp&s=68df5f3c9048e26cbbc544fc95aaf3abfe9f5ee9 + +**In Words one hundret fifty six million four hundret eighty two thousend threehundret fifty nine $ and 86 Cents by selling a company short that is delisted.** + +&#x200B; + +Yeah, you are reading it right. Since the stock got gelisted and was trading below 1$ Shortseller Sold between 24. Oct 2018 and 02. August 2021 + +[First: Amount of Shares Sold Short \/ Total Volume Reported in Short Data](https://preview.redd.it/pkskag3t5ql71.png?width=271&format=png&auto=webp&s=b450e098a76fa05d8b24af7e100f7cab9a2515b4) + +Strangest thing so far i found further in the data is the SVR Total VOL = SHORT VOLUME / ( YAHOO EOD VOL / 100 ) = Short Volume Ratio Total EOD Vol - Describes the % of shares shorted of total daily vol.Lets agree an the fact that 100% is max. But we got this for Jan 2019 - That is strange that the short volume reported in shortdata exeeds the volume reported on yahoo. + +https://preview.redd.it/l3pq1puj7ql71.png?width=2059&format=png&auto=webp&s=a958ff4431fb766d69c67bfcf643befd20bc1abc + +Taking this one day out and scaling it down to a 0-100% y containing Closing Price (Orange), Blue SVR Total Vol and the 40 days moving average. This doesnt look like a dead stock.... + +https://preview.redd.it/ek39j2i68ql71.png?width=2033&format=png&auto=webp&s=d79ca00695de37ecf1889b81920917a0a07d98f3 + +And what about the FTD? + +[24. Oct 2018 Till last FTD Update](https://preview.redd.it/k8bzhetd8ql71.png?width=2079&format=png&auto=webp&s=085411b368d54d4d14415335a01a1df74bc28fe8) + +Same Chart, but starting at 01. January 2019 + +https://preview.redd.it/t029lboj8ql71.png?width=2079&format=png&auto=webp&s=d011a194bdee4aaaac0063dc8bd4f4cbf4552db4 + +A dead Stock still has FTD over FTD over FTD over time. WHAT IS THIS - A Zombie stock? + +I think this needs some more research - thank you for your time! I think we should dig into this rabbit hole! + +Added: + +There are still people holding SEARS in 2021- take a look: 1. KINETICS PORTFOLIOS TRUST 2. FAIRHOLME FUNDS INC 3. Invesco Exchange-Traded Fund Trust II 4. KINETICS MUTUAL FUNDS INC bonds????? + +https://preview.redd.it/n7ftr6m0nql71.png?width=1347&format=png&auto=webp&s=eed2ce7b2d0cbba522fb6a95d71b4785848fecfa + +https://preview.redd.it/ntn9ct91nql71.png?width=1344&format=png&auto=webp&s=41e4ffebadd085e18f03fcff5c2356b890020421 + +https://preview.redd.it/4t5obvw1nql71.png?width=1360&format=png&auto=webp&s=036c9e5d4d863a0f31a6cdae461b46cc739b9a01 + +https://preview.redd.it/nsw91jo2nql71.png?width=1408&format=png&auto=webp&s=7c7040e425feb50a218587107b6f540d53309ed5 + +Add 2: + +[https:\/\/insider-analysis.com\/search\_whales.php](https://preview.redd.it/t62dgb9slrl71.png?width=1818&format=png&auto=webp&s=70789fe5cec14052d944761b08582b8dfde216fd) + +&#x200B; + +[https:\/\/whalewisdom.com\/stock\/shld](https://preview.redd.it/qjyymxj2mrl71.png?width=1903&format=png&auto=webp&s=7753319a8814830559bba35507b00d6af0fa576e) + +&#x200B; + +[https:\/\/whalewisdom.com\/filer\/esl-partners-lp](https://preview.redd.it/wjduuk49mrl71.png?width=1897&format=png&auto=webp&s=cc675b5dbb1e9ad22a16c00a5e3a499de8487c6a) +I’m sure we all know how to yell out ways to make profit in the market and possibly be green for a day or two in a row but these question goes to the very tiny small group of you that have been consistently profitable. + +How do you cope with days that you don’t meet your goals? Do you double down on it the following day or until you’re back on track? Or do you just simply adjust your long term goal based on your current perfolio value? + +How do you manage the extra money on the days that you pass your goals? Do you set it aside (as back up) Or do you just keep it for more buying power to use immediately? + +I’m sure that to get to this point, you have to follow your own set of strict rules (entries/%profit/stoploss etc...) so even on profitable days, how often do you find your self breaking or almost breaking your rules, and how do you fix yourself? +&#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? +Portfolio NAV when selected XIRR shows Infinity% and sometimes somewhere it shows NaN (Not a Number). Seriously, this is not expected from a financial company. + +Such errors are of JavaScript. There has to be a proper way to handle numbers in JS. + +Also other topic, as a suggestion, it would be better if you show negative return or loss in red for Rs. too instead of just applying that only to % loss. Also – Rs. 500 is not better than reading Rs. –500 (minus five hundred). Eg. In current and all time return on home/dashboard and where ever. + +Thanks. +https://www.business-standard.com/article/companies/hdfc-bank-reports-18-04-jump-in-q1-consolidated-net-at-rs-5-676-06-cr-119072000718_1.html + +> HDFC Bank reports 18.04% jump in Q1 consolidated net at Rs 5,676.06 cr +> +> Private lender HDFC Bank Saturday reported an 18.04 per cent increase in its consolidated net profit at Rs 5,676.06 crore for the April-June quarter on the back of healthy growth in core income and restricted bad loan proportions. +> +> The bank's net profit during the similar April-June quarter of the previous fiscal stood at Rs 4,808.35 crore. +> +> On the asset quality, the bank witnessed only a marginal uptick with the gross non-performing assets (NPAs) standing at 1.40 per cent of the gross advances as at end June 2019, from 1.33 per cent by end June 2018. Net NPAs were at Rs 0.43 per cent as against 0.41 per cent a year ago. +> +> In value terms, bank's gross NPAs or bad loans were Rs 11,768.95 crore by June end this year, up from Rs 9,538.62 crore year ago same period. +> +> Net NPAs were of the order of Rs 3,567.18 crore as against Rs 2,907.10 crore. +> +> Provisions and contingencies for the quarter ended June 30, 2019 were Rs 2,613.7 crore as against Rs 1,629.4 crore for the quarter ended June 30, 2018. +I have lost everything, and I'm not sure how to continue. This winter I invested $17,500 (six months salary and my entire life savings) into agricultural blackberry futures, hoping to capitalize on this lucrative emerging industry. After watching a video about David H. Murdock, CEO of Dole, and his pseudo-monopoly over bananas, I decided to do something similar with another fruit. I did some research and found out many agricultural forecasters expected this year's blackberry yield would be smaller than the past, due to deteriorating soil conditions in Central Mexico and a colder-than-average spring. At first, demand soared around the middle of January and prices skyrocketed, but the blackberry bubble burst on on January 28th. Unfortunately, the recent concerns over high-flying stocks driven up by large short covering caused a massive drop-off in demand due to the futures being associated with a Canadian technology company of the same name, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of February 8th, a new email in my inbox caused my stomach to turn into a pretzel. The massive blackberry shipment from the Mexican state of Jalisco, scheduled for early May, had arrived. I was planning on selling off my futures right before this, in March, but this ruined everything. To top it off, the blackberries in this shipment were absolutely gargantian, some topping 20 grams each, causing the price-per-pound to drop like an anchor into the range of 6 cents per kilo. I am ruined. +I am only posting this out of good will to the community, and because i have been in your shoes. + +About a year ago, I decided that enough was enough, and uys time to enter the crypto world. I put in a large chunk of cash (relative to my income), and immediately cut it in half thanks to market volatility like we are experiencing today. I made a few sideways trades that in the long run have netted me absolutely nothing, if not a small loss. I did those trades because it seemed like every coin was popping off except the ones I held. I'd buy, they'd dip, rinse and repeat. Within the first month, between bad trades and market dips, my investment went to annot 20% of my input. I hadn't told anyone yet that I was in, not even my wife. Needless to say, I thought the sky was falling. I decided from then on, I don't care anymore where it goes, that i would leave it where it stands in the coins that I most thought had real use. No more moon chasing, no more feeling bad. A year later I have experienced my 20% go to 300%, down to 80% in January, up to 200% again by the beginning of this month, and now I'm sitting at roughly 110% of what i put in. Sure, after December happened I figured it was time and this is it, but then January happened and reminded me that I still need my day job. + +Moral of the story is, if i had just left it where i invested day 1, I'd still be 2 to 3 hundred percent up right this moment, but even losing 80% oin bad trades I'm still positive just by letting it sit. If you are down right now, just let it sit. Maybe this time next year you will be in a position like i am where i can weather these dips. Maybe it will take a bit longer, maybe it will be next week. + +But the bottom line is crypto was still my best investment last year percentage wise and couldn't be achieved by any other means, despite the bloodshed we are perceiving. Just wait. That's all, just wait. + + +I'm not sure what's more incredible; the trillion volume glitches or the $56k bid-ask spread on $GME. + +Here's the data: + +4/7/2021 **4:00:02 PM** EDT177.97USD-3.539%(-6.53)4,694,979 + +**Pre-market** 4/7/2021 9:29:22 AM EDT183.37USD-0.612% (-1.13) + +173.00Bid 55999.00Ask 55826.00Spread IEX + +Confirmed by another user:" Yes, if I’m correct I made this print screen on 3:27pm new york time. Apparently there are no sellers..." + +Source: [https://chartexchange.com/symbol/nyse-gme/](https://chartexchange.com/symbol/nyse-gme/) + +What does it mean when there's a wide bid-ask spread? It means the difference between the price you can buy a stock from the price which you can sell it. In my view, this is one marker of volatility, which is why IV rose today. When these spreads widen, the stock can also experience sudden changes in price action. + +**So at a certain point in time today, the highest price someone was willing to pay was $173. The lowest someone was willing to sell was $55,999. That's incredible.** + +&#x200B; +I'm in a situation where I want to move, but I don't want to sell my house because I plan on coming back someday. I have been looking into hiring a property management company as a solution. They can rent my house out for about 200 dollars more and that should cover whatever their fees are, right? + +I'm a couple years off from leaving, but I wanted to hear some other opinions about this. I don't know much about this stuff, so any help is appreciated! + +I'm not looking to turn a profit. just keep my house, and keep it managed while I'm away a few years without having to pay two notes. But I don't want it to end up costing me a whole lot. + +Edit: thanks everyone for all your answers. They were very helpful! I have a lot more research to do. +I sold some covered calls against a company thats rumored to be getting bought out. If that does happen but the buyout price is bellow the strike I sold my CC, can I let it expire worthless or do I need to buy it back? Also wondering what would happen if the expiry date of the option is far beyond the potential buyout date. +Holy hell guys, this is a big one for me. + +I've had credit cards since I was 20 (now 32) and they have felt like a constant stress in my life. Almost a necessary evil at times, but in recent years my salary jumped up and I could afford not to have these cards, but I still used them for holidays, car insurance etc. + +Well, thanks to the pandemic I have finally paid off the b*st*rd! For the last year I have been paying £300 every month to clear the debt. I don't want to just waste the money now, so any tips on what to do with a spare £300 every month? + +I already have my rainy day fund in a savings account and I hope to never need that money, but you never know. + +Hope everyone is good + +Edit - Wow this post blew up. I didn't expect such a strong positive response. Thank you all for the kind comments and suggestions. Keep safe all. +Holy hell guys, this is a big one for me. + +I've had credit cards since I was 20 (now 32) and they have felt like a constant stress in my life. Almost a necessary evil at times, but in recent years my salary jumped up and I could afford not to have these cards, but I still used them for holidays, car insurance etc. + +Well, thanks to the pandemic I have finally paid off the b*st*rd! For the last year I have been paying £300 every month to clear the debt. I don't want to just waste the money now, so any tips on what to do with a spare £300 every month? + +I already have my rainy day fund in a savings account and I hope to never need that money, but you never know. + +Hope everyone is good + +Edit - Wow this post blew up. I didn't expect such a strong positive response. Thank you all for the kind comments and suggestions. Keep safe all. +One thing I am curious about is the impact that a single decision or pivotal moment has on a journey to FatFire. As I read the sub it seems like for most people, even those who rely on consistent savings vs. IPO / liquidity events to drive net worth, there are pivotal moments in your career or life that affect the FatFire journey. For me, consistent saving and indexing has certainly helped but I have made a couple of decisions that have accelerated or derailed my FatFire journey. I think consistent saving is the most important factor in achieving a FatFire lifestyle, but absent a few good choices I would not be where I am today. Mine are below for those who are interested. + +Restrainer - not fully researching an opportunity before jumping in and buying a franchise. Long story short, in my younger years I wanted to 'be my own boss' and bought a franchise. I did very little due diligence and trusted a couple of folks who were also running franchises that I did not know well. It was not an unmitigated disaster (eventually got my capital back) and was a great learning experience but it certainly set me back as I didn't have an income for a couple of years, did not save, had stagnant capital growth, and had a few serious personal side effects that took years to recover from. I certainly learned to do my due diligence. All in all this probably cost me $400-$600K in lost income and capital stagnation. + +Accelerant - transitioning from Consulting to Private Equity. I massively accelerated my comp growth, investing capabilities, and happiness by changing careers. It was a significant bet as I was very senior in the consulting world and was taking a step backwards in title and compensation, under the belief that I would accelerate again. It played out as expected and my income now is well above what it would have been in consulting as is my net worth. This single decision has easily tripled my net worth in the past seven years and seen a 4x or so growth in annual income. It has also positioned me to continue to succeed in the future, with further income and net worth growth. + +While I likely still would have fatfired in my prior career, the decision to leave and take the risk put me about a decade ahead of where I expected to be at this point in time. +*For the record, I am not part of the team but I did invest early. I liked the unique tokenomics in this project and the community on Telegram is great! Current MC is $4.7m.* + +*I've 10x on this so far but it's just taken a massive dip (I am 10x even after the dip) so I can't think of a better time to call this as a potential moonshot.* + +**Here's how $WINDY / Windswap works (taken from their website** [**https://windswap.finance/**](https://windswap.finance/)**):** + +*"1. WindSwap Rotation* + +*A rotation happens every 2.5 million tokens transacted in volume. Initially we expect to be going through rotations rapidly, but over time this deflationary mechanism will slow down.  Each cycle burns 84K tokens.* + +*2. WindSwap Pressurize* + +*The levy is continuously changing in every cycle, and ranges from 2.5% to 6.5%, the levy rate increases and puts demand on the available supply, which puts upwards pressure on the $WINDY price.* + +*3. Rebasing* + +*The rebase stage returns 25% of the collected levies in the current rotation into the existing wallets. This marks the end of the rotation and the beginning of the next."* + +It's the constant burning and rebasing that should incentivise long term holding. The supply is currently at roughly 21m and should decrease to 8.8m once all the burn cycles are completed, meaning that anyone who trusts in a long term project will be rewarded if/when this takes off. + +Tonight they were featured on Up Next Crypto (189k YouTube subscribers): [https://www.youtube.com/watch?v=5FvZvRGs2pQ](https://www.youtube.com/watch?v=5FvZvRGs2pQ&t=322s) + +They also had a shoutout from AyyMG (333k Twitter followers): [https://twitter.com/AyyMG/status/1381313974579396611](https://twitter.com/AyyMG/status/1381313974579396611) + +Their hard-working marketing team have promised more promotion tomorrow. So far they have delivered on all their promises, which already sets them apart from the standard BSC fare. + +**Here's a few links if you'd like to check it out in more detail:** + +Poocoin charts: [https://poocoin.app/tokens/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://poocoin.app/tokens/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +BSCScan: [https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +Telegram: [https://t.me/windswapmembers](https://t.me/windswapmembers) +Hello, + +My home is insured (rebuild coverage) for about $1.75M, with maybe another $750K in contents coverage (this is rough - have to look at policy for exacts). Got the version that does full rebuild. + +Two years ago, my Chubb policy was about $4500. Then last year it jumped to $6K (broker said because of inflation and rising home prices) and this year I just got my renewal at $7500. At this rate, it will have doubled in 3 years. + +Looking around, it looks like other high value home insurers are AIG, PURE, Cincinnati Executive Capstone, Kinkstone, and Travelers. I'm going to ask my broker to get new quotes, but I'm wondering: + +1) Any insight into which of these are the best (if it's universally agreed it's Chubb, I'll stick with it) + +2) Anyone else seeing rate increases like this? + +I'm in a safe, MCOL suburb, and have had no claims since we've owned the house. + +Thanks! +I often read about learning to trade and how people got profitable after 2 years. What does that mean, how much time did you invest in those 2 years? Was it an hour every day or even more or did you have a time where you took a break from trading? +I’m trying to learn with paper money since 3 months now and its hard for me to keep my motivation up. I make the same mistakes over and over again and need to pause and refocus from time to time. What kept you going? How did you deal with setbacks? How often did you change your strategy? +Looking forward to your insights. +Hello Great Apes of the world! 👋 The German market had a strong day yesterday, leading the US market into a day of discounts! Prepare your Diamantenhände as we await SR-NSCC-2021-002 to go into effect on Wednesday, and join apes around the world to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀 + +*** + + + +- 🟥 120 minutes in: **$202.12 / 170,25 €** +- 🟩 115 minutes in: $202.27 / 170,38 € +- ⬜ 110 minutes in: $202.09 / 170,23 € +- 🟩 105 minutes in: $202.09 / 170,23 € +- 🟥 100 minutes in: $202.06 / 170,20 € +- 🟥 95 minutes in: $202.42 / 170,50 € +- ⬜ 90 minutes in: $202.45 / 170,52 € +- 🟩 85 minutes in: $202.45 / 170,52 € +- 🟩 80 minutes in: $202.42 / 170,50 € +- 🟥 75 minutes in: $202.33 / 170,43 € +- ⬜ 70 minutes in: $202.78 / 170,80 € +- 🟩 65 minutes in: $202.78 / 170,80 € +- ⬜ 60 minutes in: $202.45 / 170,52 € +- 🟩 55 minutes in: $202.45 / 170,52 € +- 🟥 50 minutes in: $202.36 / 170,45 € +- 🟥 45 minutes in: $202.48 / 170,55 € +- ⬜ 40 minutes in: $202.57 / 170,62 € +- 🟥 35 minutes in: $202.57 / 170,62 € +- 🟩 30 minutes in: $202.66 / 170,70 € +- 🟥 25 minutes in: $202.21 / 170,32 € +- 🟥 20 minutes in: $202.24 / 170,35 € +- 🟥 15 minutes in: $203.61 / 171,50 € +- 🟥 10 minutes in: $203.87 / 171,73 € +- 🟩 5 minutes in: $204.02 / 171,85 € +- 🟩 0 minutes in: $203.73 / 171,60 € +- 🟥 US close price: $200.37 / 168,77 € *($199.99 / 168,45 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.18721136. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received any response or seen any activity from him in nearly a month. I continue to reach out to DerGurkenraspler, but at this point I have no idea if or when he intends to resume updates. I will continue to serve as guest-host of the series in the meantime, but dearly hope that DerGurkenraspler is well and is able to return to us soon. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I have a friend whose account is being closed in the UK because she moved to her home country and didn't bring the money back with her yet. The amount must be around 20K. + +She doesn't want to transfer back the money yet cause the exchange rate is low and is asking me if I can hold her money for a bit and send it to her later. I have no problem doing this as I know this person is legit but I am afraid my bank may flag it as fraud and freeze my account or ask me to pay taxes on it, etc. + +Has anyone had a similar experience or know the law around this? + +Thanks in advance! +Hello all, + +I don’t want to bore you all with a sad story or anything but I’ll be straight and short with everyone on my current situation. + +I (18M) am an international student from Canada who is attending school in the USA. Just last year I attended one of my dream schools, played on a sports team and had one of the best years of my life. I had gotten a girlfriend, a solid friend group and even got a cute kitten in hopes of my future at this college. + +Then the unexpected happened, I found out many truths about my parents (father in particular) and their current situation when I came home earlier last summer. Found out that my father had many mental problems and was thrown into a rehab clinic (which forced him off work), and my mother does not work at all due to disability. My family was quickly falling apart, mentally I couldn’t take it so I quickly booked a flight back into the city of my college. When it came down to the end of the summer, I couldn’t afford to go to school. + +I couldn’t pay the funds even with a significant scholarship, I had already gotten an OSAP (Ontario Student Loan) loan and it still could not cover the rest. I tried talking to the school about a possible payment plan but no, private schools have their rules at the end of the day. My sports coach wouldn’t help either so I had to drop out, which later on I found out my father and mother had no savings this whole time, and had been lying to me for years. + +I feel empty, I feel broken. If only they told me earlier right? I just feel like everything I had was a waste, all of these bonds and memories gone. I applied to another cheaper college in the same city as the other college I attended, but it’s so much money still, I can barely afford it. I also signed a 15 month lease last may for an apartment which I have no clue how I am going to afford. My father is now about to declare bankruptcy, I am just so unsure of what to do. + +So my question to all of you is what should I do from here? Should I go back to Canada and work or try to attend university back there? Should I leave my girlfriend and friends and go back home and figure out a different career path? + +My apologies if this sounds like a cry for help, mentally I am just out of it and I am not thinking straight and need some advice. Thank you all <3 + +**EDIT (DEC 17):** + +Thank you all for your responses and advice. A lot of people and I mean a lot of you have changed my mind and made me think straight again. I actually generally feel way happier looking at my future path right now, as compared to just yesterday where I was lost and confused. Thank you to everyone, you are all so special to me :) + +Also just want to include some additional information which I didn’t include in my original post, some people are asking me “Why don’t I have a job” and also asking me “Why am I acting entitled”. I want to point out to you all; I really am not trying to act entitled, I am hoping that is not the vibe I am giving off from this post. I understand that uncontrollable things are going to happen, I understand really I do, I just wish I had some clarification before signing off for some things such as my lease, and my car (which I was given the go ahead to move forward with since we had the funds). If I knew about my parents financial situation earlier I would’ve never came to the USA, having found out from my mother that my father has had a money spending problem and is in debt really hurt me since I love him a lot and I only want the best for him and her. + +Anyways, I am going to apply to Sheridan College and pursue the Honours Bachelor of Information Sciences (Cyber Security) program. I have done some research, and I am also going to apply at other schools just in case but I am very interested in this. OSAP will be able to cover most/ if not all of my schooling per year. Also, I just realized that all of these years I never thought of education itself l, I would always incorporate my athletics into it and I just relied on being an athlete and never thought about my future plans. Now that I see most of your responses, it’s about time to get my sh** together. Going to also get a full time job from now until August / start of September. + +I cannot thank everyone of you, this is my first time using reddit and being in this community, I plan to never leave. You are all tremendous, and most of your responses are absolutely beautiful. I’ve never broken down like this in a while but I am really starting to see a more positive light ever since I made this post. + +Thank you all! + + +P.S. the kitten will be taken of (it was my roommates idea to initially adopt her). +Just wondering how's that most of the Axis mutual funds are doing so well with Cagr of around 20% in last 1 year, across all the categories like large cap, multicap, Elss etc? +Hi everyone! I hope you're all doing well. Last year when it came time to start investing in the stock market after graduating from University with a degree (or something like that), what really shocked me was how volatile things can be- one moment your investments are skyrocketing; then suddenly they've dropped 50%. However despite losing $2k on ASX markets this past fiscal year alone--which isn't anything considering just where we were at before starting. +If you are feeling suicidal, please do not attempt to take your own life. DM me if you feel like talking, there's always hope! There were times when I thought about ending my depression because it felt like the only way out but then something changed in me; after reading books on various subjects which developed a new habit for reading, all of these insights helped remind why living matters even if what comes next doesn't seem bright right away - plus we never know who might need one person more down deep inside themselves. I love this Sub, Members are Funny, Honest and more importantly very kind. + +https://preview.redd.it/dz7owjkv58191.png?width=1700&format=png&auto=webp&s=c91cd62bb3d1c511020e36c1b239013336a9386c +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). +Let me tell you a little story that I hope will inspire the shit out of you to HOLD onto your dreams. 28 days ago I made my first whale teeth meme (fig 1). It was a dumb meme that didn't make sense, it got 66 upvotes and was only 83% upvoted, but it awakened something within me that I wanted to explore. I wanted to take this format further and share it with the world! + +[fig. 1](https://preview.redd.it/t7rztxx5v6j71.png?width=734&format=png&auto=webp&s=fac61f9d18ba31844f76ea63704644f34239331c) + +27 days ago I made a flurry of whale teeth memes posted to r/Superstonk \- initially I tried my best to make them GME related but they just kept coming out, a whirlwind of shitposts and nonsense that the mods couldn't keep up with. I got a lot of hate, people downvoted them and called me a shill and forum slider. I don't know what kept me going, but against all odds **I HELD ONTO WHALE TEETH FOR THE LIFE OF ME.** I made whale teeth memes late into the night until my eyes bled and carpal tunnel syndrome become too great to continue. + +I posted and posted and got slaughtered with downvotes, negative comments, people made fun of me, blocked me, called me annoying, I got temp banned, but I knew some day whale teeth memes would shine like I believed they could (fig. 2 & fig. 3). + +[fig 2.](https://preview.redd.it/ot7zpmdyv6j71.png?width=664&format=png&auto=webp&s=c023b5c1a28e90aac3ebdf6e0ca7aea8cb75027e) + +[fig. 3](https://preview.redd.it/5kug52o4w6j71.png?width=735&format=png&auto=webp&s=b348a9f7d189e3d6b97ee62938649f7d35162923) + +But it wasn't all negative - I made some incredible friends along the way, they supported me and told me to keep doing what I was doing. They kept me together when I was at my lowest, I truly can say I survived only because of them. Together we made whale teeth memes and we shared the joy, it was truly the best of times. I learned to make my own videos and "Whale Teeth for MOASS!" was born (fig. 4). + +[fig. 4](https://reddit.com/link/pad15a/video/vghsg3y4b7j71/player) + +Then, against all odds, a certain pickle-VWAP-praising-streamer discovered the way of the whale teeth. It didn't come easy at first, the initial reaction was disgust and repulsion - only a natural response - but the way of the whale teeth swooned him, and his Whale Teeth for MOASS stream was published just one week ago (fig. 5). + +[fig. 5](https://preview.redd.it/lvhg1e5ea7j71.png?width=319&format=png&auto=webp&s=99dd616ea5dd286b6c5b5fd242088f1d37106209) + +Now people that I don't even know "Whale teeth for MOASS!", some have no idea what it means, others give it their own meaning. But one thing is for certain, they "Whale teeth for MOASS!" together. Some how I knew deep down that this day would come, and nothing has been more clear to me that amongst us are some of the finest apes in existence, all holding onto the greatest stock in the world. **GME.** + +So HOLD for your dreams! Nothing is impossible! If you stay determined, persistent, you work hard and you try your damned hardest, nothing can stop you from achieving your dreams! + +**GME TO THE MOON!** + +Special thanks to my friends: + +u/Justind123 + +u/ButtFarm69 + +u/dylank2209 + +u/I_DO_ANIMAL_THINGS + +u/TheLeagueOfScience + +u/JohnnyStFartHugger + +[u/joeygallinal](https://www.reddit.com/user/joeygallinal/) + +u/BoltFlower + +u/KingSnakeJones + +u/BlackMoldComics + +[u/Mentor6deckbuilder](https://www.reddit.com/user/Mentor6deckbuilder/) + +u/gherkinit + +u/UhUknow + +u/mgrsttone + +u/Siegli + +u/Sufficient-Bowler741 + +u/half_dane + +u/bvttfvcker + +u/zedinstead + +u/coupleofplanks + +u/HODL_GME_HODL + +u/LunarPayload + +and each and every one of you for reading, awarding, downvoting, upvoting, reporting, blocking, banning, and "Whale teething for MOASS!" my dumb ass posts. + +You are all beautiful apes! +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) +Hello. + +Isn’t the word out there that gold is an asset that people invest in, when times are scary and people are fearful? Given that we have a war in Europe that can easily escalate further, rising inflation and a recession coming I expected the gold price to increase. It has not and lost 10+% in 3 months. + +Why? I don’t get it. + +Thanks for taking the time to help me. +I'm reposting and adding an Addendum at the top. A number of the comments on my Original DD found here [Link](https://www.reddit.com/r/Superstonk/comments/suvxgc/hot_potato_through_the_tunnel_under_the_border_a/) asked me to repost to get more discussion going on this concept. That's all I am hoping to get, is more discussion going so I can continue my research into how this functions. + +Additionally I've added the definition of Kiting. I believe this is a key concept that needs to be explored further, to understand why short positions have never been covered and or closed. I believe it is certainly not American Markets that are complicit in this fraud, and it is my honest belief that Canada plays equally in the Naked Short Manipulation that GameStop has been subject to. + +&#x200B; + +***Intro*** + +I am not providing financial advice nor am I a financial advisor. I’m a truck driver. If you think this constitutes advice, you may need a helmet and a 5-point harness for this ride…. Literally. + +This is my first legitimate attempt at DD and even then, I’m only putting it up because I don’t have the wrinkles to continue this research any further. I’ve posted one of these articles in here before to very limited applause, but Canada seemingly pops up numerous times as facilitating the Naked Short thesis. Also keep in mind the ongoing discussions surrounding Cayman Islands corporations, Zombie companies, SSR and how it never has any effect, as well as the fact that shorts never covered. + +Let me very clear…. My brain is smooth. I don’t have the investigative wherewithal to continue digging into this further the way the Superstonk community can. I’m merely presenting what I have found in the hopes that this ignites the community to continue pushing forward. My personal legal interpretation experience all relates to traffic law so it's quite possible that I don't know shit about fuck. + +**Please. For the Love of APE I need you to understand that I WANT TO BE WRONG. Fucking debunk me actually though! Constructive Criticism is incredibly welcome!** + +I know that a lot of people are comfortable or zen with the level of DD that has been completed thus far, especially in the wake of current events and what their implications may mean. I am not one of those apes, and in the sphere of the current situation I think it’s important that the community looks through the Canadian landscape of Legal Naked Short Selling and Banking Secrecy laws that certainly provide some concrete evidence that the manipulation may include Canada “the money laundering capital of the world” + +Ultimately, I’m more looking for this to be expanded on more than anything else, I want to not be right about the rife abuse where I live, but I can’t find anything related that clarifies that these things have changed here. + +**1.** **Cellar Boxing DD opens a personal Pandora’s Box** + +If you're new here and you haven’t read it yet : [https://www.reddit.com/r/Superstonk/comments/pmj9yk/i\_found\_the\_entire\_naked\_shorting\_game\_plan/](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) + +5 Months ago u/thabat wrote one of the communities defining DD's that revolved around the idea of Cellar Boxing stocks. It was fascinating to me, and seemingly explained a whole swath of the idea of Zombie Stocks and exactly what the inevitable game plan was with GME pre-sneeze. It wasn’t so much the incredible quality of the DD or what it was alluding to that caught my eye. + +I want to point you to one small and minute portion of the original forum post that sparked this DD: + +&#x200B; + +https://preview.redd.it/oadnkyga00j81.png?width=1560&format=png&auto=webp&s=f775b6ba5674ae4b397ac189dd884cfe0a5e0fe5 + +While this wouldn’t mean a lot to most people, I am a Canadian, and I do not want to be unwittingly complicit in any naked shorting scams, nor do I believe any of my fellow Canad-EHps North of the Border. + +As soon as I saw this, I started looking for more information that would point to the fact that Canada played a much larger role than originally thought. + +***2.*** ***Dr. Jim Decosta, The OG Silverback, and the “Tunnel Under the Border”*** + +The Ape, the myth, the legend. He goes into stunning detail corroborating all of this and lays out the framework to see how this is done. I’m only focusing on the Sedona section (Section 23 if you want to read without my highlights) here as this comment alone had to be trimmed to fit into a singular reddit post. (It's 40k+ words) + +For posterity I’m posting a screenshot, but you can find a link to the SEC comment here: + +[https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +This thing is a fucking gold mine as far as I am concerned, there is far more than I can adequately cover in this DD alone. Please pay attention to the fact that searching the article (Ctrl+F = Canad, appears 34 times for Canada/Canadian). + +These highlights are all my own, but I believe the doctor laid us out the methodology to see how this all functions almost 20 years ago and I want to put it forward to the wrinkle brains in the community to continue the research. + +&#x200B; + +[\\"We would hope you learn about some of the Mechanics of naked short selling through the Sedona case.\\" Reads like \\"Here's a fucking map retards.\\"](https://preview.redd.it/u1p9yjnb00j81.png?width=1200&format=png&auto=webp&s=0189ce6e2b930256923b4dc1e588683a19089f64) + +&#x200B; + +https://preview.redd.it/xq5r1p1k00j81.png?width=1200&format=png&auto=webp&s=4629cace12d6aa40385f0dcf64677207831b67f1 + +\- **As per the SEC’s own admission Canadian Broker Dealers (CBD's) are not required to register with NASD (National Association of Securities Dealers) and therefore are not subject to short selling restrictions.** + +\- There is an “Umbrella of Immunity from the Borrow” for market makers (Cough Citadel/Virtu) + +\- Canadian delivery laws differ from those in the US. + +\- It is absolutely LEGAL to naked short a stock in Canada + +If you were thinking that would change, the last amendment I can find in Canada related to this is 4/23/2015. It is linked below (again links, if you don't like don't click). + +Please keep in mind that in every province in Canada there is a different securities association. (I’m focusing on Ontario currently because that is where Canadian Markets are located) + +Link : [https://www.osc.ca/sites/default/files/pdfs/irps/rule\_20150423\_32-505\_conditional-exemption.pdf](https://www.osc.ca/sites/default/files/pdfs/irps/rule_20150423_32-505_conditional-exemption.pdf) + +Directly from the link: + +>This notice gives an overview of the Rule and its Companion Policy (defined below) and contains the following annexes: +> +>· Annex A – OSC Rule 32-505 Conditional Exemption from Registration for United States Broker-Dealers and Advisers Servicing U.S. Clients from Ontario +> +>· Annex B – Companion Policy 32-505CP Conditional Exemption from Registration for United States Broker-Dealers and Advisers Servicing U.S. Clients from Ontario (the Companion Policy) + +Ok, well fuck. So that very well means that this apparent “Tunnel Under the Border” still exists today. If only I could find some other write-up that may support the theory and potentially expand. + +And it does continue: Here are comments from Save Canadian Mining, a small activist group of small Miners that are traded on the TSX who have been victim of predatory short selling for years. + +&#x200B; + +https://preview.redd.it/bsh1sh6m10j81.png?width=2254&format=png&auto=webp&s=8620aa850a4fe72e4bcbe7fe6c755f4c5c4252fa + +&#x200B; + +***3. Further corroboration of Dr. Jim Decosta by an unknown author on the silicon investor forums (9/27/2006)*** + +Link : [https://www.siliconinvestor.com/readmsg.aspx?msgid=22856435](https://www.siliconinvestor.com/readmsg.aspx?msgid=22856435) + +If you’re unaware this is the same forum that provided the OG Cellar Boxing article, long before the Apes hopped into GME and joined the train. The post itself goes on to provide additional insight into how the naked shorting fiasco functions through Canadian Margin accounts. + +*Since links aren’t ideal at all I’ve taken two screenies for the Apes. If you don't like, don't click above.* + +&#x200B; + +https://preview.redd.it/jmry3b8p10j81.png?width=2518&format=png&auto=webp&s=b2ae53b311b8880003afa202d13ac84676e392e5 + +&#x200B; + +https://preview.redd.it/rta6ntnq10j81.png?width=2518&format=png&auto=webp&s=d22232e6ca0e868106c06a48ac43aa498602bebb + +Jackpot! + +Hot Potato! + +This is market manipulation at its finest! Hedge Funds are the largest holders of these accounts, who are not required to follow the rules and regulations and can infinitely Fail to Deliver shares by playing hot potato between themselves and other complicit entities. + +To understand how Failure’s can continue for years you have to understand what Kiting is in Securities are in the Canadian Market. + +Link to investopedia: [https://www.investopedia.com/terms/k/kited.asp](https://www.investopedia.com/terms/k/kited.asp) + +&#x200B; + +https://preview.redd.it/og3ujwas10j81.png?width=1560&format=png&auto=webp&s=92f2cdd51f903536dc4fe95d391aee05c5181f5e + +&#x200B; + +\- If a short sale cannot be settled within two trading days of the order (T+2) then it becomes a failed trade + +\- However, the short seller has 10 trading days (T+12) to locate and deliver the shares before the failed trade must be reported to the IIROC as an “Extended Failed Trade” + +\- There are no regulatory consequences for an extended failed trade, although an extended failed trade MAY prevent further short sales (Also notice in the link above that there is absolutely NO Disciplinary History, so that’s a fucking lie) + +\- Trades settled through CDS Clearing and Depository Services are subject to CDS’ own settlement rules (found here [https://www.cds.ca/participants/settlement-and-clearing](https://www.cds.ca/participants/settlement-and-clearing).) + +\- CDS imposes a daily fee for a failure to deliver shares to settle an outstanding settlement position in its continuous net settlement system and provides a buy-in process which allows a buyer who has not received the purchased shares to force settlement. + +\- HOWEVER, these fees and buy-in requirements carry **NO REGULATORY SANCTIONS** + +&#x200B; + +GUH, WELL FUCK. So not only does the Canadian Market system allow CB/D’s an exemption from following the rules on short selling… Even if you fucking break the rules, no one North of the Border plans on doing shit to ensure that it never happens again. + +By Kiting, you can pass your dirty shorts entity to entity on T+11 (or day 9/10 of the Extended Fail Cycle) and you'll never EVER have an Extended Failed Trade. The clock resets every 9 days by being moved to another account and you effectively manage to rotate Failures to Deliver indefinitely. + +What triggers me is the the fact that if there were 28 institutions margin called during the January sneeze last year, how many of them employ the Hot Potato Technique? + +How many of them are using obscured Cayman Islands Corporations through Canadian Broker/Dealers? + +Do Thomas Petterfy’s comments regarding the collapse of the economic system due to the sneeze have something to do with the fact that the shorts may very well be kited via the Canadian Market place? + +I don’t know about you, but this type of thing gives me a little bit of a chub when I think about its implications. + +Nonetheless, let’s continue. + +***4. One Dr. to rule them all… One study to bind them*** + +I really didn’t get the traction I was looking for the first time I linked the commentary Dr. Jim Decosta had on the market manipulation that was found in the early 2000’s. I didn't take the time to actually distill the post in smooth-brain but that's on me. + +This study was done in 2019, and you’d think that 20 years after all of this was discussed that things would have changed but I’m here to show you that the same circus of fuckery continues. + +Link : [https://mcmillan.ca/insights/publications/short-selling-in-canada-regulations-are-weak-and-a-new-path-forward-is-needed-to-reduce-systemic-risk/](https://mcmillan.ca/insights/publications/short-selling-in-canada-regulations-are-weak-and-a-new-path-forward-is-needed-to-reduce-systemic-risk/) + +This to me is the most important part of the entire literature provided above: + +&#x200B; + +>Based on our research, it is clear that IIROC’s largely non-interventionist approach and its focus on maintaining liquidity have made Canadian companies attractive targets for short campaigns. From 2015 to 2018 there was an increase in the number of short campaigns in Canada, while generally in other jurisdictions there was a decrease. **Additionally, the number of short campaigns in Canada is utterly disproportionate to the size of our capital markets when compared to the United States, the European Union and Australia (as examples)**. The reason for this seems clear: short selling regulations in Canada are out of step with regulations in those other jurisdictions – see Schedule A attached hereto. As a result of inherent weaknesses in the Canadian short sale regulatory regime, short sellers may well be attracted to the Canadian capital markets. + +You don’t fucking say! I’m a fuckin’ Smooth but isn’t the definition of insanity doing the same thing over and over expecting a different result? How the fuck Canadian regulators continue to take a lax stance on these issues yet somehow expect things to change is literally fucking mental. But I digress. + +&#x200B; + +>Every short sale on a Canadian marketplace must be marked “short” unless the sale is from a certain type of account **(generally described as directionally neutral accounts)**, in which case it must be marked “SME” (short-marking exempt). An order marked with the SME designation can be a short or a long sale. **Beyond these requirements, a short seller is generally not restricted from selling shares it does not own**. UMIR does not impose general pre-borrow or locate requirements (although IIROC can impose specific pre-borrow requirements for specific securities). **A short sale can be made by a seller who does not have an existing ability to settle the trade, so long as the seller has a “reasonable expectation” that it will be able to settle the trade.** The “reasonable expectation” requirement in the policies accompanying UMIR 2.2, however, does not require that prior to making the sale the short seller actually locate and arrange to have the shares available for delivery on settlement. Rather, a “reasonable expectation” exists so long as the short seller **does not know that it cannot borrow the shares** and takes reasonable steps to locate them. + +If I’m reading this correctly, doesn’t this explain why the SSR has never mattered? + +If you mark your sales as SME, then the SSR don’t mean shit, especially if it’s coming from an entity that is or was never obligated to follow the rules in American markets in the first place. + +Also, let’s have a fucking talk about how the Canadian Markets allow a short seller to continue to short whether or not they can locate the shares required. A “Reasonable Expectation” exists so long as the short seller **DOES NOT** know that it cannot borrow the shares. Here's your "Umbrella of Immunity of the borrow" + +So, hmmmm, shares randomly appearing every single day would probably give just about anyone a “Reasonable Expectation” that they can settle the trade. Am I on speed or does this fit far too well together? + +One thing I'd like to note is that Anson Funds, who is currently being investigated by the DOJ for its involvement in short selling, is exactly the type of directionally neutral Hedge Fund that may be a co-conspirator, in Canada. + +&#x200B; + +https://preview.redd.it/twy6x7oz20j81.png?width=1560&format=png&auto=webp&s=a1776bb794d3b98bad31df54d3d57e4ef242c6c0 + +Excerpt provided (link isn’t because fuck Corporate Media) + +&#x200B; + +>“If the short sale cannot be settled within two trading days of the order (T+2), it is a failed trade. **However, the short seller has 10 trading days (T+12) to locate and deliver the shares before the failed trade must be reported to IIROC as an extended failed trade.** There are no regulatory consequences for an extended failed trade, although an extended failed trade may prevent further short sales (either by the client or non-client with any ongoing extended failed trade in any security, or by the broker on its own account in the same security). Trades settled through CDS Clearing and Depository Services Inc. (“**CDS**”) are subject to CDS’ own settlement rules for failed trades. CDS imposes a daily fee for a failure to deliver shares to settle an outstanding settlement position in its continuous net settlement system and provides a buy-in process which allows a buyer who has not received the purchased shares to force settlement. **However, these fees and buy-in requirements carry no regulatory sanction.”** + +I’m going to reiterate what has been said time and time again…. + +&#x200B; + +**THE SHORTS NEVER COVERED OR CLOSED** + +&#x200B; + +***5. I’ll leave you with this*** + +The last thing I’ll point to is how Nostradamus this Anonymous Silverback of the Silicon Investor post was + +&#x200B; + +https://preview.redd.it/sheqors030j81.png?width=2518&format=png&auto=webp&s=aa2946dfab2aa5b8695220f37c8f0bf84f8e6519 + +Yeah… we fucking did. + +***6. Conclusion and TLDR*** + +In my humble opinion, there are far too many connections that can be pointed to throughout this DD and the accompanying articles, that I believe give credence to the fact that a vast majority of any Naked Short Sales that have been processed this far on GME, may very well have originated from Canadian Broker Dealers. + +It is my hope that all apes can better utilize this information to continue their own research into the intricacies of naked shorting. I hope that other DD analysts, particularly those who write about cycles, can look at their own information through a new lens for their own research. I've said before and I will say again: + +**Constructive criticism is more than welcome and I'd prefer to be debunked because I am a smooth brain. I want to be wrong.** + +***TL;DR*** + +\- The Canadian Marketplace is lacking in rules and enforcement which makes it a breeding ground for Naked Short Sales (Legal in Canada) + +\- IIROC’s largely non-interventionist approach and its focus on maintaining liquidity make Canada a prime breeding ground for Short Campaigns + +\- Dr. Jim Decosta alluded to the “Tunnel Under the Border”, a methodology that naked shorting through a convoluted chain of interlinked broker dealers and offshore accounts, allows Canadian Broker Dealers to naked short companies into oblivion on behalf of hedge funds and other entities + +\- This is further corroborated by a forum post on Silicon Investor forums circa 2006 that points to the “Hot Potato Technique” where shorts are shuffled around entity to entity on T+11 to by-pass the extended failed trade (T+12) requirement before the IIROC is even notified that there may be a problem. + +\- Modern Day Hot Potato is known as Kiting. + +\- Even if an Extended Failed Trade had occurred, there are no regulatory sanctions imposed on offending criminals. Also note the fact that there is absolutely no record of Disciplinary History listed on IIROC’s website related to Extended Failed Trades. + +\- A study from 3 years ago by the Mcmillan gives credence to the evidence of these two methodologies and offers insight into the the laxity of rules and enforcement in Canada. + +\- The Mcmillan Institute’s study lead to the conclusion that a disproportionate amount of naked short selling campaigns occur in Canada by comparison to other jurisdictions globally. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +There is a lot of mention of Direct Registration throughout Dr. Jim Decosta’s post as well as the anonymous author of the Silicon Investor post. For those that are wondering about myself, yes I have DRS’d, more than willing to provide proof to mods if necessary. I’m waiting on my verification letter to activate my account and post. +This crash is triggered by many factors. Bitcoin is already at 35k$. + +We are yet to see Feds increasing the interest rates which they have to increase to curb the inflation + +Prediction is that this decision will come by march so during Feb to March the chances that crypto prices will increase during this time is negligible. Now imagine cryto prices declining(Or being stable) till march and then feds will decide to increase the interest rate. Imagine the amount of panic selling that would be there. + +Also when interest rates will be increased there would be less money in circulation so naturally less people will invest in crypto so it will go even more down + +I am scared to say this that it may reach 20k$ or even less. Then only it can go up +In her column, the Senior Economics Writer for the SMH, Jess Irving, discusses her inability to get income protection insurance: [https://www.theage.com.au/money/planning-and-budgeting/the-real-reason-i-don-t-have-income-protection-insurance-20200911-p55upw.html](https://www.theage.com.au/money/planning-and-budgeting/the-real-reason-i-don-t-have-income-protection-insurance-20200911-p55upw.html) + +However, what's most interesting is that in the article she shares a copy of her household budget for September 2020: [https://www.instagram.com/p/CEgDs16jrm0](https://www.instagram.com/p/CEgDs16jrm0/?utm_source=ig_embed) + +Some points of note: + +* She earns about $167K pa and has a small side hustle on top -- journalists get paid better than I thought! +* She has a savings rate of 36% -- pretty impressive given she's paying down a mortgage and raising a kid +* She only spends $450 per month on food -- seems quite low if that's for her and her child +* Kids are not outrageously expensive -- the main expense is a fund for private school fees +* Expenses are probably down due to COVID-19 (no hair/make-up expenses this month) + +I figure it's worth sharing given that budget review threads always attract interest here. +Some context. HENRY at the moment says but fire is on the near horizon. + +Recently I’ve been aware of a few friends in my circle (HNW++) getting more into altruistic causes instead of spending money on the next vacation property, car etc. + +Notably one of them began taking refugees into their home and paying for education. Politics aside, that’s pretty impressive and a huge commitment. More than just throwing money at something. + +Another has their own program to mentor children. + +For a few Christmases now, we have donated a bulk of unwrapped presents to women’s shelters. As I understand it, that allows the women to choose and wrap the presents for their their children. All women in the program are single mothers and at risk in one way or another. Most unable to pay for food, necessities. + +This giving has been a lot of fun for my family because it allows us to go to a toy store and shop for all the most interesting toys - some that even make me jealous of my childhood. + +It feels incredible to know that we helped but, and I’m ashamed to admit this, not being able to see the effect of our gift is a bit of a detractor on the arrangement. No need to be “known” as the benefactor or anything, but to see the joy would be worthwhile. + +So my question is what is everyone doing to give back in ways more than just writing a faceless check? +As per title, if a leased car is owned by my Ltd, and it's registered for business purposes, how can HMRC spot if it's being used for leisure as well ? +This is written for a retail audience. Copy and pasted from my newsletter: + + + + + +When I mentor traders, one of the first lessons I try to hammer home is that trading is a two-step process. + +Step 1 is figuring out where an asset is going next. Step 2 is figuring out how to make money from that move. + +Almost all the traders I work with believe that if they can figure out Step 1, Step 2 will simply take care of itself. This is a mistake, however. + +The truth is that identifying a trade setup can become fairly mechanical and intuitive. I can spend just a few seconds looking at a price chart of any asset and tell you whether or not I see a setup. + +But creating a plan to put money at risk behind that setup always takes a lot more work. + +When I first started trading, my first thought when looking at a price chart was always, “How much money can I make from this trade?” Now, I ask myself, “How much can I lose? Where am I wrong if this goes the other way?” + +It is natural to want to focus on the gains, but I learned the hard way that the key to longevity as a trader is to focus on capital preservation. + +This means that I will frequently pass on trading opportunities. This is because the risk to reward on those opportunities simply doesn’t measure up to my standards. + +For every trade I take, I want the opportunity for my reward to be three times the amount of my risk. This can very well be the most important trading lesson I can pass on to you. + +Let’s go through a quick and easy example to show you what I mean. + +If I have two traders in front of me, one with an 80% win rate and the other with a 50% win rate, which trader would you rather be? + +Your first instinct might be to choose the trader with an 80% win rate. + +But what if I told you that the trader with an 80% win rate has a risk-to-reward ratio of 1:1, while the trader with a 50% win rate has a risk-to-reward ratio of 3:1? + +In other words, for every trade they take, the first trader risks $1 for a potential $1 reward, while the second trader risks $1 for a potential $3 reward. + +Would that change your answer? + +Let’s see how the math bears out over 10 trades for each of these traders, assuming they always risk $1 on each of their trades. + +Over 10 trades, Trader #1 with the 80% win rate would win eight out of 10 trades. With a risk-to-reward ratio of 1:1, they would earn $1 on each of their 8 winning trades, while losing $1 on each of their losing trades. This nets a total return of $6. + +Over 10 trades, Trader #2 with the 50% win rate would win five out of 10 trades. With a risk-to-reward ratio of 3:1, they would earn $3 on each of their winning trades, while losing $1 on each of their losing trades. This nets a total return of $10. + +So you can see why aiming for a high risk-to-reward ratio is so important. + +Even if we bumped up Trader #1’s win rate to 90%, they would still net a total return of $8… $2 less than Trader #2. This goes to show that you can win half of your trades – or even less than half – and still end up with a net profit in your trading account. + +So why is trading still so hard? Why do most traders end up losing money over time instead of making it? + +The answer, I believe, is self-sabotage and a lack of discipline. It is very difficult to accept that you may lose half, or even more than half, of the trades you take. + +After going on a losing run of a few trades, many traders throw their strategy out the window and go shopping for a new one. As a result, they never fully allow their edge to play out. + +Everyone wants to be a consistently successful trader. The only way to get there is to be consistent with the execution and management of your trades. + +Remember, you don’t need to win even half of the trades you put on. You do, however, need the discipline to keep your losses small and acceptable, ensuring you have the longevity to hit those 3:1 winners over time. +I just watched [this video] (https://www.youtube.com/watch?v=yVzAC7mLxJw&feature=youtu.be) in /r/videos. A man on the subway buys a flower lady's flowers and asks her to give them out. It was $140 which makes no difference to most of us but huge difference to others... + +I want to do more of this but I'm too shy -- need to get over that. Anyway, wanted to share here. +It's a trivial piece of math built on the boring old 4% rule, but it's a milestone worth noting nonetheless. + +I just reached it myself. I threw 30,000 into a calculator, multiplied by 0.04, and divided by 12 to come out to a crisp, clean, three-digit number. It was just a nice little unexpected surprise. + +Getting here didn't feel all that hard. In fact, I feel like I could've saved more. Anywho, that's all. I hope you're all doing well and feeling good about your goals. +>A key database introduced in India’s new gross domestic product (GDP) series has now been found to be full of holes, raising fresh questions over the controversial and contested GDP numbers in Asia’s third-largest economy. +> +>A study conducted by the National Sample Survey Office (NSSO) in the 12 months ended June 2017 and released last week has found that as much as 36% of companies that are part of Ministry of Corporate Affairs (MCA-21) database of companies and are used in India’s GDP calculations could not be traced or were wrongly classified. Results from the MCA-21 database survey were so disappointing that two reports based on it had to be junked. +> +>The key change in the new GDP series launched in 2015 was the use of MCA-21, which Central Statistics Office sourced from MCA. Even at the time it was being introduced in the national accounts calculations, several economists had raised questions on this issue. +> +>NSSO got into the act while carrying out a survey on the service sector (74th round), supposed to be a first-of-its-kind survey on the service sector. The MCA-21 database was used as part of the sampling frame for the survey as it had addresses and other details of firms. Business registers in states that had such registers and data from the last economic census were the other parts of the sampling frame. +> +>That NSSO report highlights the gravity of the problem. Fifteen percent of the firms listed in the MCA-21 frame either could not be traced or were found to be closed. Another 21% were found “out of coverage", suggesting they were no longer operating as service sector firms though they had registered — and were being captured in national accounts — as such. Still others, which were correctly identified, did not respond to survey questions, or didn’t maintain proper accounts on the basis of which enumerators could capture data on those firms. +> +>“The problem of non-response was severe in case of units chosen from MCA frame,” the report says. “About 45% of MCA units were found to be out-of-survey/casualty while EC/BR (economic census/business register) frame had about 18% of such cases.” The report shows that many of them are fake or shell firms, said Nagaraj. “They remain legally registered but without producing goods and services.” + +[*Livemint*](https://www.livemint.com/news/india/new-gdp-series-faces-fresh-questions-after-nsso-discovers-holes-1557250830351.html) +I understand there is a slowdown, this is affecting everyone but why the fuck should the government help bailout the industries? Why are they threatening with job cuts, if they are worried about the job cuts and impact to people, pay from your executives salaries and bonuses, reduce the dividends to your investors, why the government should pay for your failures. +Compared to altcoins, Bitcoin’s sidechain/layer2 functionality has more community, competition, tech, people, capital, flexibility. + +And it is here today. + +* There is Lighting of course with near instant transactions and near zero fees at any scale. + +* There are fully anonymous transactions via [ZeroLink](https://medium.com/@nopara73/introducing-zerolink-the-bitcoin-fungibility-framework-dc5338086198) and [TumbleBit](http://cs-people.bu.edu/heilman/tumblebit/) + +* Smart contracts and instant payment via [RSK](https://www.rsk.co/) + +* Near instant and confidential trading between exchanges via [Liquid]( https://blockstream.com/liquid/) + +And much more underway now...and this is still just the dawn...not even sidechain gen1...just the sunrise. + +Hi all! 👋 + +How do you guys track the performance of you investment portfolio? 🤔 + +I'm looking for a website like the portfolio-function of Morningstar/De Tijd/Financial Times/..., but I also like to have a graph that represents the performance of my full portfolio (or for a specific holding) and other useful insights like allocation per county/sector/holding, total efficiency, efficiency per holding, total costs, ... + +I know a lot of people use Excel-sheets for this, but I'd like to find a web platform to do this. + +Thanks for all the tips! 👊 +Hi, if you google "best etfs 2021" there are numerous articles talking about this (like investopedia) but i can't find easily European-domiciled Etfs (you can't buy US domiciled from Eu unless you use brokers). Any tips from someone for sure more informed than me? +**Overview:** + +I gathered information from posts of 200 unique users regarding their direct registration of shares thru Computershare. The information was gathered simply by scrolling the r/Superstonk feed in reverse chronological order and scrubbing share counts from screenshots. Only shares that could be verifiably settled in a Computershare DRS account are included in the dataset (several users anecdotally stated intensions to move / buy more within the DRS platform). + +**Data:** + +Here is the raw data: (Note: Reddit User Names withheld because I'm not sure how people feel about being included in this post). + +[Raw Data](https://preview.redd.it/1wk75p7xzpr71.jpg?width=2212&format=pjpg&auto=webp&s=57bb557a2e683e47924fff30112f622e01b8567a) + +Here is some of the important statistics from the data set: + +* Mean - 138.5 Shares +* Median - 40.5 Shares +* Min - 1.0 Shares +* Max - 2,670.0 Shares +* Range - 2,669.0 Shares +* 1st Quartile - 14.2 Shares +* 3rd Quartile - 100.0 Shares +* Inner Quartile Range - 85.8 Shares +* Outlier Upper Bound - 228.6 Shares +* Upper Bound Outliers - 23 Accounts + +Here is a chart showing the quantity of shares registered per account and the frequency they occurred: + +[Frequency Histogram](https://preview.redd.it/n3eru3lzzpr71.png?width=2036&format=png&auto=webp&s=666c23d466fba8963f9dcf3c68aa5875fa40a0c0) + +Or another way of looking at it: + +* Accounts with 1-100 Shares: 76% +* Accounts with 101-1,000 Shares: 20% +* Accounts with 1,001+ Shares: 4% + +&#x200B; + +**Interpretation:** + +When looking at the discrepancy between the median (40.5 Shares) and the mean (138.5 Shares), the data is telling me is that the whales are significantly upward skewing the data. In this dataset, a whale would be an account with 228.6 shares or more...a statistical outlier above the upper bound. The most likely explanation is an over-representation of large accounts and an under-representation of small accounts in the reddit posts...OR...it may be completely normal given the wealth distribution curve. + +Thoughts and input are appreciated. + +&#x200B; + +**Application:** + +u/Martin_the_Hammer recently posted (October 5th 2021) showing 460,XXX Computershare accounts. 40,000 of these accounts existed before the ape movement to direct register shares. If you remove the 40,000 accounts for the sake of conversation, the great ape registration is sitting at **\*\*\*EDIT - due to the issue of non-sequential ComputerShare account numbers, I am striking the following in order to not intentionally spread MUD :\*\*\*** ~~420,000 new Computershare accounts. Applying mean of 138.5 shares to the 420,000 new accounts would result in an 58,170,000 shares directly registered with Computershare.~~ + +~~138.5 Shares \* 420,000 Accounts = 58,170,000 Directly Registered Shares in the Diamond Hands of Apes~~ + +~~58.2 Million Shares! As a reminder, the float of $GME is 61.83M Shares. That is 94% of the way to having the float locked in Computershare.~~ + +This figure does not include: retail shares in the transfer process, retail shares in other brokerage accounts, Ryan Cohen, DFV, other insiders, institutions, synthetics, derivatives or shorts. + +&#x200B; + +**Final Thoughts:** + +138.5 Shares per account does seem like a bit of selection bias (I think smaller accounts are not uploading purple donuts for internet points at the same proportion as larger accounts)...It is hard to tell with some large accounts disproportionately impacting the data and the small sample size. + +Regardless, DRS is the way. We know retail owns the float...but at this rate locking the float with DRS is inevitable. + +&#x200B; + +**TLDR:** + +~~Infinity Pool could be approx. 94% full..more data needed to know for sure~~. Hedgies R Fuk. + +EDIT(S): + +1. The intent is to inform and discuss...never to take away from the DRS effort. The data is not perfect but it's what I have. +2. A lot of comments regarding non-sequential Computershare Account numbers. That would dramatically impact the multiplication at the end of this post. So please take with a grain of salt. +Are you guys noticing how quiet it got once business hours were over, and shills were off the clock? + + Notice how there arent anymore posts mentioning Q (except this one now, obviously)? + + Noone else screaming about "scaring new apes with conspiracy theory". + +No more "we only want real DD and facts with evidence!" (So that they know *exactly* what we know, maybe?) + +Folks - anyone who tells us to buy and hold is an ape. The dog and RAB never told us to do a damn thing but buy and hold. They never contradicted our DD. They are not trying to endanger our MOASS. They are pointing at things. + +*WE WERE ALL TOLD THAT SHILLS, FUD, AND DISINFORMATION WOULD COME IN MANY FORMS AND TO EXPECT THE UNEXPECTED* + +What you just experienced was a shill attempt at reverse psychology. They are here and know the same things we know. Remember the 4chan disinformation post that told us what to expect? They knew we knew about it, and attempted to flip the script. + +*OUR ENTIRE EXISTENCE HERE IS BUILT ON CONSPIRACY, DIGGING RABBIT HOLES, AND FOLLOWING OUR HUNCHES. YOU ARE HERE BECAUSE OF CONSPIRACY THEORIES THAT WERE VALIDATED.* + +You guys are smarter than this. You *know* the DD. Anyone telling you to hold and supporting the information is an ape. End of story. Anyone trying to emotionally hijack you with politics or perception is a shill (yes, i literally had someone tell me that they dont want people to think were crazy and discredit us - like people think were sane with credibility by YOLOing our life savings in a game set against us? Come on now). + +Be prepared, apes. Hold. +I was going to write this at the 500k mark but I have some free time now so why not. + +My story is common and pretty straightforward. My parents lived the American dream; they grew up poor in developing countries and found success through education and hard work in the US. As they were still poor when I was born, they instilled in me a lot of their values such as sensibility with money. I did well academically at school. For college, I had the opportunity to go to a big state school with a full ride scholarship that covered tuition, room and board for all 4 years. During college, I was the stereotypical shy engineering nerd with who played a ton of computer games, so living expenses were extremely low. I found an internship every summer as well so I graduated with \~20-25k net worth. I didn't know about FI until after college, so unfortunately before this point I had just been putting money in a savings account, with no IRA or brokerage. + +Post college, I wanted to do something more interesting, so I got a job with a company in oil and gas. I would spend two weeks on a drilling rig working 12 hrs a day, and then get two weeks off. I got a company truck/free gas, free phone/cell plan, housing, and an expense account for my food, office supplies, treating the rig crew to dinner etc while at work. There was almost no way for me to spend my own money at work. The pay was pretty good (90-100k a year), and I often volunteered to work during my two weeks off for extra pay. While the official schedule was 50% work days, 50% off days, I calculated I was working closer to 66%-75% of the year. + +For my two weeks off every month, I started traveling a lot. I wanted excitement and to see the world beyond the typical barren wasteland we were drilling for oil in. Although some months I had company training, or I visited my parents, I tried to travel as much as I could. I went mostly internationally; I'd look for cheap flights, or fly free with points. I'd even bank my days off to do 3-4 week trips. Traveling was pretty cheap since I stayed at hostels; $50 a day is more than enough for cheap destinations. Most trips were \~1-2k, although I did go to some expensive places like Hawaii and Switzerland. + +While I didn't track my finances that closely, I'd estimate annual spending at $15-20k a year during this period. + +* $6k Rent (I rented a $500 bedroom for a "home" to go put my stuff at during days off, very LCOL area) +* $8k Traveling +* $5k Miscellaneous + +The rest of the money I made went into maxing out 401k/IRA/brokerage. I bought mostly VOO and VTI, with some smaller positions in a couple tech companies. + +I started getting bored around 2-3 years in. While I wasn't unhappy with my job, I also wasn't happy with it either. The novelty of traveling and meeting new people around the world started wearing off. I started wanting things money couldn't buy, like stability, permanence, a social life, relationships, and fulfillment. I wasn't learning anything new, or developing myself as a person, just doing the same things over and over again. I had estimated I could reach \~$1 million around 35 years old, which I considered the minimum "FI" number, but I didn't see the value in rushing so quickly towards FI at the cost of stagnating my life. I realized that for me, financial independence is not the end destination, but just something I want to achieve along the road to something greater. + +I ended up applying and getting into grad school, fully funded with a \~30k stipend, which I accepted. In a twist of fate, COVID hit, and I got laid off, just before the 4 year mark. Due to the layoff, I was fully vested in my 401k, and received a nice severance package a few months before I was due to resign anyways. + +Been in grad school for over a year now, it's way more work for a fraction of the pay, but I think it's the right decision so far. Continuing some slower progress towards FI while working on other parts of my life. + +**Numbers:** + +[https://i.imgur.com/vN0OWYp.png](https://i.imgur.com/vN0OWYp.png) + +Roth IRA: 55k + +Traditional IRA: 105k + +HSA: 2k + +Checking: 15k + +Brokerage: 315k + +&#x200B; + +TLDR: + +Didn't pay for college. Good income for 4 years with <20k a year spend due to job perks and LCOL. Early investing and the recent bull market means I've pretty much doubled every dollar I've saved already. +Started looking into building a dividend portfolio learning from anything i can get my hands on, however i feel it would benefit if i could het some tips from people that have been in the game for awhile. + +Currently 20m and i plan to build a dividend portfolio for 20yrs,depositing $500-1k a month. Looking at stocks such as CAT and YUM. + +Any tips or suggestions? + +EDIT 1:Thank you all for the help apperciate it. Would love to share it with my buds if you guys have anymore tips just keep them coming enjoy reading them and seeing things from new perspectives +sold a SPY 430 call to pay for buying a SPY 430 put. I violated my rule of shorting into the hole. But I was so afraid of that naked short call I bought a SPY 460 call. I just don't have the balls to go naked short. Am I a coward? I just don't have the courage to over lever or go naked short. Not sure I deserve to be on this board. +Title pretty much sums it up. Sister borrowed my car and missed a few toll booths on the highway. Got the tickets in the mail. Few months later got another warning saying i need to pay or it will go to collections. She then said she paid it. Got a letter this AM from collections saying i've failed to pay the ticket. She feels terrible and that she forgot to pay it. Do i have any options here or is this stuck as a hit on my credit? If she is willing to accept liability for the debt (she feels terrible and is)- is there any way to make that happen. This is fucked. +So, I have an idea which I thought would be interesting to try out. Here's how it works: + +Give me your number 1 stock that you think has the best possible outlook right now, and your number 1 worst stock that you can't understand having the valuation that it does which you think is going to tank. + +I'll make two demo portfolios, one containing all the "winner" stocks and one containing all the "loser" stocks. I'll then post an update in a month or so and we'll see if this subreddit can beat the market. + +Edit: Yeah I know a month doesn't tell you much, but I'll keep posting updates and asking for suggestions on changes to the "winner" stocks and "loser" stocks portfolios for as long as there's interest. Probably not much point making suggestions you think will take 10 years to pay off though. + +Edit #2: I'll be making these two demo portfolios monday, so you've got the rest of the weekend to make your choices. +Wow. First of all I would just like to thank all of you for the immense support on all these posts. I was never expecting this type of reception, and I'm very grateful. + +Less than 15 hours ago I concluded my trilogy of DDs on SLABS. Yet here I am, 15 hours later, writing another one. I guess I'm just addicted to writing about this shit. Or maybe I just realized how much deeper the rabbit hole goes. Anyways, thanks for bearing with me guys. If the topic is feeling oversaturated please let me know and I'll try to space these DDs out a bit more. But I'll make these as long as relevant new information comes up. Hopefully this will help you all grow some more wrinkles. + +You can find the other DDs here: [Summary DD (Basically a TLDR)](https://www.reddit.com/r/Superstonk/comments/rpoupc/the_big_short_reloaded_a_summary_of_my_dds_on/), [Part 1](https://www.reddit.com/r/Superstonk/comments/ros6ii/student_loan_asset_backed_securities_slabs_the/), [Part 2](https://www.reddit.com/r/Superstonk/comments/rp585d/the_slabs_rabbit_hole_part_2_conflicts_of/), and [Part 3](https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/). Part 5 HERE ([https://www.reddit.com/r/Superstonk/comments/rq6vmi/down\_the\_slabbit\_hole\_part\_5\_the\_federal\_reserve/](https://www.reddit.com/r/Superstonk/comments/rq6vmi/down_the_slabbit_hole_part_5_the_federal_reserve/)). I would highly recommend reading those before tackling this one. + +This part will focus on Peer to Peer lending (aka P2P), SoFi and other big modern day private loan players, Betsy DeVos' impact on all this shit, and how some familiar big banks are wrapped up in all this. Let's go. + +First, I would like to explain what peer-to-peer lending is and its significance with SLABS. P2P lending is what corporations like SoFi, LendingClub, and CommonBond engage in (however, I will be discussing SoFi seperately, because unlike LendingClub and CommonBond, they *allegedly* take credit into account). P2P lending essentially cuts out the middle man: instead of a financial institution mediating a loan, loans are done privately from individual to individual. What is the significance of this? Well, it *allows borrowers to take out credit without the need for official banks to do the financing.* Holy shit. This sounds really risky. And it is. You see, the entire purpose of P2P lending is to help people that can't get credit elsewhere. But the very fact that they **can't** get credit elsewhere should be a huge red flag. Well, what's in it for these companies to adopt all these risky buyers? Higher interest rates. Which again would lead to increased defaults, thus devaluing the SLABS that are created from private loans under these P2P protocols. These are seriously dogshit. **But miraculously, these companies still pull AAA ratings.** (Li[nk).](https://www.commonbond.co/press-releases/commonbond-sets-record-with-latest-aaa-securitization) Guess who? Yup, the same ratings people I mentioned in Part 2: Moody's. Conflict of interest much? And JUST LOOK at all of the other names mentioned in this report. *"The transaction was CommonBond’s tenth and brings the company’s total securitized loan amount to over $2 billion. Goldman Sachs served as structuring agent, co-lead manager, book-runner, and co-sponsor for this securitization. Barclays, Citi, BMO and Guggenheim Securities also served as co-lead managers and book-runners on the transaction."* Ummmmm... Goldman? Citi? Barclays? Jesus Christ. This shit goes so much deeper than I thought it did. One important thing to note though is that student loans are only a portion of these companies' loans. Still, total private loans make up hundreds of billions of dollars. I don't have a way to figure out what percent of private loans are under P2P institutions. + +Now, onto SoFi. SoFi, like I mentioned, is a P2P lending institution. Yet, unlike the previous ones I mentioned, they claim to take credit into account. Sounds great, right? Nope. First of all, *SoFi doesn't even disclose their requirements for credit scores.* These dudes could theoretically be loaning out money to people with credit scores absolutely in the shitter. Now, third party sources have stated that the minimum to qualify hovers around 680. This is **lower** than the national average, and in some places won't even qualify you for a home or apartment loan. But yeah, taking out a hundred grand to pay for college is no problem. **And you'll never guess what these are rated.** Yup, they're rated AAA. By Moody's ([Link](https://www.sofi.com/press/sofi-becomes-first-fintech-company-to-earn-aaa-dbrs-rating-prices-417-6-million-securitization-of-refinanced-student-loans/)). JUST. WOW. And guess what? "*In October of 2017, SoFi announced a $777 million SLABS deal, in partnership with Deutsche Bank, Bank of America Merrill Lynch, Goldman Sachs, and Morgan Stanley (*[*Link*](https://www.bu.edu/rbfl/files/2021/02/Tanafon.pdf)*)."* This honestly just speaks for itself. Just LOOK at these quotes. *"SoFi CEO Mike Cagney says that every time he’s placed a SLABS offering, Morgan Stanley was involved...* *CommonBond just* [*did its first SLABS offering*](http://www.businessinsider.com/wall-street-is-backing-student-loans-again-2015-6)*. Unsurprisingly, Morgan Stanley was the lead underwriter and sold manager on the deal." (*[Link](https://www.businessinsider.com/banks-are-jumping-into-the-slabs-business-2015-6)*).* My god. And this was all the way back in 2015. Just imagine the SLABS market since then. + +Now, let's get into DeVos. If you are unaware, she served as the Secretary of Education from 2017-2021. And as it turns out, she was pretty fucking corrupt. That's what happens when your family is worth $5.4 billion. Anyways, she did some shitty things that helped jack tuition prices (which benefit SLABS), and appointed many officials who were high up at for-profit universities that were even being investigated for fraud. Here's the quote from [this link](https://manifold.umn.edu/read/untitled-85740014-9b15-46f2-be8c-5d261d587877/section/a7d7ced8-7b4f-4cd0-99f2-e997d6d78f39): *"Rather than curtailing the subpriming of student debt by eliminating student income loans and seeking to reduce the student debt bubble, Trump’s secretary of education, Betsy Devos, has aggressively sought to deregulate student lending for the benefit of banks and for-profit universities. Once in office, Devos appointed leaders from the for-profit higher education sector whose schools were being investigated for fraud. For-profit colleges and universities have engaged in widespread lying to prospective students about the value of a degree and the nature of a program to capture vast sums through tuition financed through student loan debt. Devos and these officials proceeded to dismantle the special team responsible for fraud investigations, and they also moved to protect colleges and universities that made fraudulent claims to students by gutting the 'borrower’s defense' act."* I'm honestly astounded at what such a high level this corruption has spread. Then again, it is Wall Street, so maybe I shouldn't be surprised. Still, these blatant conflicts of interest, of which has clearly benefited predatory SLABS companies, is just appalling. + +That's about all I've got for Part 4. Given that each DD has been getting shorter and shorter, I do expect this one to be the last one at least for a little bit (edit: it wasnt. Part 5 out now lol.) But honestly who even knows, that's what I said yesterday and here I am. Thanks again for all your continued support. As always, I believe that GME is the best hedge against a market crash (not financial advice though). Buy, Hold, DRS. Thanks. +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 +So far I've only invested through mutual funds and I want to dip my toe in direct investing. How safe and rewarding is investing in a portfolio of well established brands like HUL, Dabur, Reliance, Godrej, HDFC bank, Varun beverages (Pepsi). I'm inclined towards FMCG companies because I'm most familiar with their products and I find their businesses easier to understand. + +Edit: spelling +This is the test of your personal al risk tolerance. +This is the reason why they tell us to *diversify* + + +I see the attitude of investors in their comments and it is quite obvious they can’t stomach their current exposure to the market. + + +I just read a comment on another thread, * “I’m losing money by holding” * + + +No shit. And we all made a killing since 2008 by holding. This is the game. There must be downs. It is part of the process. We will profit because people will break traditional investing rules. + + + +People are saying “this time it’s different” +THATS WHAT PEOPLE SAY IN EVERY RECESSION AND BEAR MARKET. Capitalism will find a way to make it work. If it doesn’t, then none of our money means anything anyway. + + +When all this dust settles, every one of us should take the time to reflect our thoughts and most importantly actions during this time. Your actions - did you panic sell? Did you try to time the market and lose? + + +What is your personal risk tolerance? Do you fee overexposed? Do you think we are in a extremely attractive buying opportunity? What will you being saying about your actions today in 7 years? +I want to start trading in January so I’m filling December with research and studying. I see a lot of people saying you need patience and discipline and technical analysis and a good strategy. The most common one is strong mental stamina so you stay in the game during hardships. What are some other ones? +Sorry for the noob question. +Ive recently been looking at the ticker WIZZ for the airline WizzAir. It currently sits at £15 previously £55 but I can’t understand why it’s so low? + +The airline is expanding rapidly, has 300+ aircraft on order, multiple bases spread across Europe and the Middle East. + +Seat capacity sitting at 87% for September up 9% from September 2021. + +They are one of the fastest growing airlines in the world although I appreciate it’s a volatile industry and their recent Q3 results reported 400m revenue with 48m gross profit. + +Am I missing something with them? +I believe that within this Sub, that there are more senior in age, and investing then I, and I feel that there are so many gems of knowledge that you guys will have learnt over your time investing. + +I don’t intend for this to break R2 - as it’s not a beginner question as such - just what is something you would tell your younger self if you could - regarding investing. +Hi personalfinance, so like the title said my only child just turned 1 recently and I want to get some sort of savings or something set up for her to access when she’s older. We have several family members who have been wanting to put money into some sort of fund for her but I honestly don’t know where to begin. + +Her grandmother said she wants to set up a “529 college savings plan” and wants her SSN to do so, but frankly I don’t know what that is and I don’t trust her for a second with that info due to past altercations. + +Please help with any advice or reference links or even anecdotes you may find applicable in this scenario. We are in California, USA. + +Thank you in advance. +hey guys! 18f here, moving out of abusive foster parent home. i’ve been applying since January and I finally found a place! The tenants that were supposed to move in ghosted the landlord, so he called me and I have two weeks to come up with the rest of the security deposit. I had all the necessities bought and I put them in a storage container however it was under my foster mothers name and I gave her money each month, because I wasn’t 18 and I couldn’t have it under my name. She didn’t use the money I gave her to keep the storage container, and I found out that all of it is gone and I move in TWO WEEKS!! I’ve been living on facebook marketplace, posting my wishlist to facebook, in and out of thrift stores, going to shelters and food banks. i try to get help on reddit but you have to have comment karma but it can’t be “spam all in one day”. i can rough it out but like i dont even have simple cleaning stuff at this point and my paychecks need to go straight to the security deposit. any advice? +My wife and I finally just hit the 100k net worth mark! She is 25 and I just turned 24. We share all income and I manage the money. Not sure if anyone cares but I enjoy reading stories of people's success on this sub. + +&#x200B; + +I grew up saving all my money and was very frugal. I saved money since I was 7 years old in hopes that I would use it to buy a car when I was age 16. Throughout my life I practice delayed gratification with all purchases and rarely buy something that is not of use. I always look out for sales and don't try to satisfy myself with dumb purchases. I am seen by all my friends as cheap and frugal, which I don't mind considering I don't have much financial stress. I have never in my life had an expense I haven't been able to comfortably afford. My parents taught me the value of money early on. I have always purchased my own phone, cell service, car, repairs, insurance, school. etc. since I was a kid. My parents are great people and I don't regret them not buying me cars or helping with gas money. They could have easily helped at times, but I wouldn't have learned the same lessons. + +&#x200B; + +Throughout highschool I worked all summer long full time and other part time jobs during the school year. During college I got good grades and stayed home. Scholorships paid for every dime and I was able to work 2-3 jobs at a time during college. My wife went away and school was paid due to her parent's benefits from work. The day before my 22nd birthday I moved out of my parents house with my fiance, now wife, and we both started new careers in a new town. I made 40k a year with no benefits or time off and she made 30k with no benefits or time off. We got married 2 months after moving out and luckily did not have to pay much at all for our wedding, thanks to our parents. After the wedding we had approximately 15k-20k to our names. My wife now makes 40k a year with bad benefits and time off. I got a new job exactly 1 year ago, 1.25 years after moving out, and started making 65k a year. After 6 months I got bumped up to 78k and now I am at 83k. This does not include overtime, which I make approximately 10k from. I have great benefits and time off with my job. I am set to make 105k guaranteed in 3 years. The job has a pension, which I contribute and count towards my net worth considering I am not vested yet. After 30 years I can recieve 75% of my top pay. After the 105k guarantee I am set for 2.5% incrament raised yearly. + +&#x200B; + +Currently we are saving for a down payment on a house worth 250-275k. My wife is going back to school which will be an extra expense over the course of approximately 4 years. During this time it will be harder to save due to her needing to take a less active position and work an hourly job. It will help when she finishes school and can get a higher paid position with good retirement and benefits. In 6 months my job will be very much secure, and that is when we will purchase a house. + +&#x200B; + +Within 2.5 years our combined net worth has gone from 10k to 100k. I have been using YNAB during this time which is awesome for me. I track every penny we spend and can save for certain categories. This allows me to spend money on things I want, which I hate spending money, without having the regret. + +**Assets** + +Cash in high yield savings/checkings: 65K + +Roth IRA 1: 13.5K + +Roth IRA 2: 6K + +Pension: 6.7K + +457b: 1K + +2018 sedan: 14K + +2007 sedan: 2K + +**Liability** + +Car Loan: -2.3K + +**Net Worth** + +105.9K +🍸🎲 Welcome to the CocktailBar and Casino Metaverse 🎲 + +- whitepaper being released this weekend +- casino final tests compete +- metaverse stage one almost ready + +90% of the profits generated by the Metaverse and Casino will be returned to $COC holders via regular airdrops. 10% will be retained for project development and marketing. + +For each USD$10,000,000 in slots wagering the casino expects to generate at least USD$1,500,000 in profits. 90% of that would be airdropped to $COC holders. + +💰Potential Earnings + +🔺$10,000,000 per month in slots turnover = $27 airdropped to each $COC token each month. Yearly earnings = $324 per $COC token. + +🔺$100,000,000 per month in slots turnover = $270 airdropped to each $COC token each month. Yearly earnings = $3,240 per $COC token. + +🚀$COC holders get casino profits + +🚀Only 50k tokens + +What is the CocktailBar and Casino Metaverse? + +🍸 The CocktailBar is a 3D virtual world environment that patrons will be able to explore in first person and interact with each other having conversations sippin' on virtual drinks at the bar. Virtual reality meets defi. +Preview 3D Model Here + +🎲 The Casino is a place for those feeling lucky. Play featured slots and table games and get paid winnings instantly in crypto. + +$COC🍸 - CocktailBar is the main token in the network. It has limited supply of just 50,000 tokens. If you want to share in the spoils of the Bar and Casino, $COC is the token for you. + +STAGE 1 ROADMAP 🚀 + +- Launch live gambling +- Metaverse Bar and Casino +- Distribute Casino profits to $COC + +$COC is building a virtual reality bar and casino where players can walk around with WASD style keys, interact with each other, chat, play table games and more. + +First preview of the 3D bar at this link: https://3dstudio.center/bar-v1/ + +Stage 1 - we have access to over 1000+ games from the best developers like Evolution and Wazdan. + +Stage 2 - we will have our own branded $COC casino games. + +The metaverse is going to be a casino and bar to start with. You'll be able to create your own character and mint them as an NFT for in metaverse use. + +💰All profits back to $COC holders. + +✔️$COC has limited supply of just 50,000 tokens. + +🔒All LP and team tokens are locked. + +🔺This can easily go to a $50 mil valuation on full casino and vr launch. + +You are still early, don’t miss the train!!! + +Join the community for more❗️ + +📱Telegram: https://t.me/CocktailBar_Discussion + +🌐Website: https://cocktailbar.finance/ + +💵Buy $COC on Uniswap: https://uniswap.info/pair/0x39FB7AF42ef12D92A0d577ca44cd54a0f24c4915 + +📈Chart: https://www.dextools.io/app/uniswap/pair-explorer/0x39fb7af42ef12d92a0d577ca44cd54a0f24c4915 +Landlord is selling our house-offered to sell it to us for the appraised price, allowing us to bypass the insane bidding wars that are going on right now, with houses consistently going for above asking price. But we’re probably going to be moving out of state in 2 or 3 years. Obviously not a good time to buy. But doing the math and looking at available rentals, we’d be paying $400-500 more for rent than we would for mortgage on this place, including taxes and fees. Maintenance and repairs are a concern of course, as is being able to sell when the time comes, but house prices here are going up and don’t show any signs of slowing down. All things considered we’d strongly rather stay if it won’t cost us a ton of money-the available rentals would be a step down in terms of location, commute, and freedom to have things like a dog door or garden beds. +We do have enough money to put down a 20% down payment and still have $30k left in the bank not including our retirement funds. + +Am I totally crazy for considering this? +Here are the facts - My family is middle class. My parents worked hard their whole lives but frankly never made wise financial decisions. They’re not excessive but whenever they had extra dough, it would go toward something unnecessary or frivolous because “they never got to buy stuff like this”. My younger brother is looking for work, unemployed, mid 20s and likely to be a drain on them for a while. + +I am a high earner as is my future husband. I’ve made good decisions, including paying off substantial student loans ($150k+) that I had limited knowledge of when my parents signed me up at age 18. Anyway, does anyone have experience with to handle this delicate situation? +- I don’t know how much they have saved but I can pretty much guarantee it’s a fraction of what retirement calculators will tell you to have (I work in finance) +- I am almost positive they still have CC debt and partial mortgage owed +- they are 66 and 61. Both work full time. Both talk high level about retiring “in the next few years” but I would bet $$ have no real plan +- they’re very defensive and sensitive about money talk. This is how it’s been my whole life. +- it concerns me that they’re not saving as aggressively as they should. For example my dad is the type to randomly come home with a new TV because “it was on sale” +- what is my liability? They don’t mention expecting to depend on me- but realistically what am I going to do when the money runs out inevitably and my little family is comfortable due to hard work, responsibility and sacrifice. + +Do I pay a fee only FA to be an objective third party and help have these tough conversations about saving, not having debt, choosing an appropriate retirement city, etc? Do I try to do it (I work in this area anyway, but they more or less treat me like I’m still their kid and judging them, rather then accepting the help and guidance graciously) + +Any real advice is very appreciated. Anyone else in the same boat and come up with a solution? +Iv been using credit cards for a while and debit cards and yes the perks of credit cards are nice, I find myself swiping and not thinking about it until it comes time too look at my bank account. Does anyone here use strictly cash for there day to day spending to help conserve their money?? Or give them selfs a cash allowance for your set pay period? If so how do you make it work? +hi, not sure if this is the right place to post this but here i go anyway. + +im a teenager, and me and my mam live together. life's been going good so far, but we're afraid it won't be soon. as soon as i turn 16, which is a year away, my mother will stop getting the money, like, from me? im pretty sure. i asked her and she says its Working tax credit, Child tax credit and Child benefit. + +and the money she makes right now, on her job, isn't enough to actually live off of, she needs these three things. she's been worrying a lot and crying about it because when this money stops, she'll have to live off the 3000 she has saved up, and we're renting this house, it's 900 a month so it won't last long. and then she wont have anywhere to live. + +i can't do much, im just really concerned, we both are, and i was wondering if there is anyway we can save money? or like, stop it from happening? + +we've discussed what age these will actually stop, but we aren't really sure. we think it'll be when im 16, but she's also getting DLA for me, since i have special needs. im not sure if that'll turn into pip for me when im 16, and then i can give it all to her, or not. but i don't really know if this is all money related or more legal related. + +a mother becoming homeless isn't fair, we have pets to take care of to. if theres any advice on people have with this situation, or saving money to help it, anything will help. i just don't want my mother to have no where to go. +I’m in my early 20’s, so I’m on the fence on if I want to stay where I am or go somewhere new. Wondering if it’s worth investing soon or wait until I’m fully decided. Thank you. +# First Post: [https://www.reddit.com/r/realestateinvesting/comments/klxlv6/first\_rental\_check\_the\_numbers/](https://www.reddit.com/r/realestateinvesting/comments/klxlv6/first_rental_check_the_numbers/) + +It was rough. Like real rough. 5' doorways, illegal bedrooms rough. The best: Bathroom upstairs had a sloped ceiling. Meaning one end of the tub the ceiling was only 3' for the floor. You could shower in it, but couldn't actually move the distance of the tub. If you laid in the tub, your head would hit the ceiling on that end. + +Onto the next property! +UPDATE: The issue was a simple misread of our analog meter. I called my utilities company and it was pretty easy for them to adjust our bill! + +Hi everybody. We live in a 550 sq ft apartment, and our electric usage has increased from 189 kWh to *1187 kWh* in a month. Our bill has increased from $36/mo to *$198/mo.* + +Our habits are mostly the same except we swapped out a window unit AC for a fan. I plan on calling the power company tomorrow. I think I’ll ask them to send out a technician to check the meter. + +This is my first time dealing with a utilities issue so I’m not really sure what to expect. Our bill is due Jan. 4th and I’d like to get this straightened out before then in case there’s an error that wasn’t our fault. + +Does anyone have any advice? Side note: if there’s a better sub to post this in, please let me know! I just figured this one is good for stuff like this. Thanks in advance! + +EDIT: We have hydraulic baseboard heating, not electric, that’s included with rent as per the lease. + +EDIT 2: Our electric cost is pretty low because we don’t pay for hot water and gas for the stove is calculated separately. +Hello all + +I have 6 years left till I'm FI. Currently living in Norway (anyone else?). M30, financial industry. + +I'm wondering if any of you who already are FI have eexperienced any interesting episodes at work where being ballsy (following having FU money) have actually paid of big? E.g. got them a promotion. + +Can you describe your episode and explain how being FI actually made you stronger and how your boss(es) reacted? + +Follow up question: where's the line of being too ballsy, where you are into the territory of being cocky? + +Hope to see some interesting stories! +Hey everyone, thank you so much for the advice here: [Should I fire my financial advisor?](https://www.reddit.com/r/fatFIRE/comments/l35s52/should_i_fire_my_financial_advisor/) + +I'm taking your advice. This is my first time breaking a long term professional relationship that isn't my workplace. I wanted to reach out to the fatfire hivemind and get some tips on how to go about this gracefully and respectfully. + +Should I be transparent with my disappointments to give them some constructive feedback? I strongly believe in this in the workplace, but perhaps this type of relationship is different. + +Should I be worried about anything with regards to the funds they have access to, or documents/PII they have on me? +All of these documentaries about how corrupt the system is, is great and all... But do you really feel like we're on the cusp of a fair stock market? If anything, between the DD and documentaries, it should be crystal clear that we just need a new system. The core is completely corrupt and rotten. + +And that's why I won't be talking about "fair" markets or "fair" anything until this rotten tree is chopped down first. + +DRS is the fucking way. Everything else is pre-mature hopium and noise. This system wasn't built for you and me. And it's not going to be "lobbied" or "voted" into being more fair. There's always new ways to fuck around. The playground for the rich isn't going to welcome people like you or me... Ever... it needs to be demolished. +People who retire early are high achievers. + +What do you guys do after you retire? Do you have a different lower stress job? Did you start your own business? Do you manage your own money now? + +It would be great to see what everyone in this community does after retirement. +Good Evening Apes! + +Another week is upon us and with IV and volume hitting YTD lows, I can say I'm jacked to the tits to maybe not trade sideways anymore. This week will mark the first failure date of my futures anomaly theory and I'm interested to see what happens. So I'll dive a bit into what I expect for the week and then cover some TA and a brief look at the broader market as usual. + +I will live stream a walkthrough of this [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 visual impairments/reading comprehension issues. Then do a quick Q&A for about 15minutes. I t will also be archived for future viewing. This will be on at... + +9:30pm EDT/UTC-4 + +# Part I: Futures Anomaly - Week 1 + +October 13th marks the first "failure day" of the T+35 cycle that began on the last day that they were able to roll futures contracts. + +[This was the last time this played out in January](https://preview.redd.it/p6495duhxos71.png?width=1523&format=png&auto=webp&s=f9a6adfcac9806ba8428609c4fbdee1b12416cb4) + +[This is our current setup for October](https://preview.redd.it/6wigmd4kwos71.png?width=1524&format=png&auto=webp&s=ec99b2272e0d43fe31e6279b27f867b07c2c18b0) + +While these fail dates are set they can cover at any time during the cycle so I'm really looking at a window between the **13th and 28th**. + +Here is some more information on the cycle from previous post and to familiarize yourself with the information. + +[Breakdown of the whole theory](https://www.reddit.com/r/Superstonk/comments/prmmrt/futures_breakdown_and_forward_looking_ta_for_the/) + +[Extra clarification](https://www.reddit.com/r/Superstonk/comments/q2k41b/futures_explanation_and_jerkin_it_with_gherkinit/) + +and some videos as well... + +[Video #1](https://youtu.be/F68fQLHn0Zo) + +[Video #2](https://youtu.be/r7LMjf_p0XQ) + +[Video #3](https://youtu.be/YCHC-gz2wxU) + +*\*This theory does not factor in possible catalysts like a dividend or huge announcements from GameStop or the SEC, etc...* + +\**These cycles mark when each fail date occurs, the fails however can begin to covered at any point during this period. The do not have to wait till the last minute to do so. The number of fails is inconclusive as well, meaning we do not know how great of an effect on price it will have.* ***This is absolutely not a recommendation to attempt to trade this***\*. The anomaly may occur with little volume and insignificant change in price as last year they failed to roll twice before January's run happened. This current cycle only represents the first failure this year. Although the evidence looks really good we only have two sets of data on this so far and it is a\* ***THEORY***\*!\* + +# Part II: Technical Analysis + +Let's start off by taking a look at last weeks predicted price action. Since we did not get a voluminous bounce on the EMA 160 I will be looking at the bearish prediction and how it stacked up. + +&#x200B; + +[While we never really saw a significant bounce back to 180, our volume was historically low for most of the week, leading to a slight but inconsequential bounce and closing just shy of max pain which was at $175 for Friday. ](https://preview.redd.it/eoh8ubnrzos71.png?width=2085&format=png&auto=webp&s=f15898d55fd00bd8ddd793db7e7d8841cfc666eb) + +So for this coming week I expect some movement Tuesday due to T+2 from about $10m ITM contracts as of Friday and then some price action on Wednesday and Thursday from the first failure cycle. I want to not that this is a minimum expected price action based on very low volume. As evidenced in just the past couple weeks ,when we went from $167-185 on about 1M volume, this stock retains violent upside potential. If we were to repeat the price action during this period last October our upside could be significantly higher. + +[Price action expectations for 10\/11 - 10\/15](https://preview.redd.it/a6fvsh0m4ps71.png?width=2462&format=png&auto=webp&s=b075068a6eb1ba97ef1858a2054d0ebc1b34b125) + +&#x200B; + +[Some technical support here from the EMA 160 to the downside and a descending wedge indicating GME is due for some price improvement. ](https://preview.redd.it/320oibfi4ps71.png?width=2464&format=png&auto=webp&s=749f515a8d31c54e4f46b2e8f85ac24d75211775) + +**Section II: Oscillators** + +Since I expect a bounce this week and a bit of a surge in in volume let's see if any of our oscillators indicate similar price action and momentum. + +**MACD** + +On the 1D this is looking like it is getting ready for some bullish divergence from the current trend. I would also like to make a note that if this has a bullish crossover this week it is doing so at a much higher low than the previous crossover which was down at -11.69 (currently at -5.38), meaning the upside potential is greater. + +[MACD 1D ](https://preview.redd.it/5yuppe4z5ps71.png?width=1526&format=png&auto=webp&s=746ca4b8f7464f94d893a3665042437263bffd7c) + +If we look at the 4h that crossover has already occurred and is running up and showing greater divergence. + +[MACD 4h](https://preview.redd.it/a1xgaal86ps71.png?width=1531&format=png&auto=webp&s=8b90dcd3ae46336454b470cec58da87bfe514432) + +**Stochastic RSI** + +I still have this one super smoothed out because of the low volume but it looks good for a turnaround as it is starting to diverge over the last couple days and is approach it's low from before the 8/24 run up. + +[StochRSI 1D](https://preview.redd.it/43l67y3o6ps71.png?width=1523&format=png&auto=webp&s=354fdd63db733f51e699b50ebd213bef3c260420) + +**ADX/DMI +/-** + +ADX looks like the trend is strengthening and the directional +/- are heading towards a convergence on the 1D + +[ADX DMI +\/- 1D](https://preview.redd.it/ig2sr9pw6ps71.png?width=1533&format=png&auto=webp&s=83ed3ea2b9f029b16fd383d5054c2eceff9e3347) + +On the 4h that convergence has already happened but the strength of the new trend is still relatively weak + +[ADX DMI +\/-](https://preview.redd.it/orgno6vd7ps71.png?width=1527&format=png&auto=webp&s=1b469cbb3cc2e34f19c91c2212ac6b5d76e70e2b) + +**TTM Squeeze** + +Looks like it may repeat the last 3 signals that we saw before the run in August also another signal for some mid-week action. + +[TTM Squeeze on the 1D](https://preview.redd.it/dohjnzke8ps71.png?width=2461&format=png&auto=webp&s=4f3595b39c8f41b33061b2d441322b39975b78bb) + +# Part III: The Market + +With the debt-ceiling bill agreement approved by the senate and heading to the house one of the many looming events may get pushed aside for the short-term. But with employment showing disappointing numbers even after unemployment benefits suspended for many Americans and inflation still on the rise. Additionally, the supply shortage is now picking up. I have a hard time seeing the market beginning a new bullish trend in the near-term. I think it will continue to chop, reacting to the debt crisis in the Chinese markets until some event confirms a directional sentiment. + +[Probable chop as we approach the monthly dip coming up on 10\/18. Then likely dropping to a new lower support at 430 or 425. ](https://preview.redd.it/sgow2a7qaps71.png?width=1526&format=png&auto=webp&s=4efbcb3275a874eb7db2b4163945ecd2e5951203) + +&#x200B; + +[Shiller p\/e up .30 from last week ](https://preview.redd.it/nz2o07d0bps71.png?width=935&format=png&auto=webp&s=3d98f6aecdeb28a672815aa7940ce0bc505b8832) + +I do want to note if the Infrastructure Bill passes along with the Social Policy Bill, the market may rally to actually all-time highs on the Shiller P/E. Even surpassing the dotcom bubble in the coming months. + +# Part IV: Conclusion + +With my futures cycle theory and the technical indicators promising some bullish momentum in the coming weeks I'm pretty jacked to see how this plays out or doesn't either way it will give us more information than we have now. The market continues to look choppy generally this would imply weakness but as bearish as I am on the market and a full on crashes potential to catalyze MOASS, it looks like it could carry on a bit longer and possibly rally depending on political actions over the coming weeks. + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/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 check out the [Discord](https://discord.gg/BGmjnrvHnw) for more stuff with fellow apes + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +&#x200B; + +**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 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. :)* + +*\*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/) +22 male here living in NYC, I work at amazon and make around $2200 a month full time , I also go to school fulltime. Couple months ago I leased a brand new car for $359 because I needed to get out of a abusive environment. My insurance is $176. I ended up getting kicked out of my toxic living situation but luckily I found a room renting for $750 including utilities here in NYC. As it stands I live paycheck to paycheck. I should add that I am halfway through a computer science degree but I'm failing the semester due to depression from all these bad decisions. + +Edit: This blew up way more than I expected today but thanks for all the support , I will be ditching the car and I got an offer from carvana where the payoff is only $700 , so I'll take this as a $ 700 mistake +I was very dumb in my early 20s and thought credit card equalled free money. Now I'm dealing with that and I hate the fact that money that I could be saving is going towards paying off a credit card that I bought unnecessary rubbish with. I'm angry at my past self but I've learnt a lesson at least. + +Today I hit the £500 mark of paying off my debt! It's a small victory and I've still got 5x that left, but I'm proud. I spent a year paying off the bare minimum payment, then using the card again and getting nowhere. This is the first time in my life I've paid the money off and stuck at it. + +One day I'll get there. + +&#x200B; + +EDIT: Thank you everyone, you are all angels and your mothers/others raised you right. +Edit: 0.5% gain closed out on 6$ calls Tuesday, 0.25% gain on 4$ calls closed Tuesday. +Made 0.37% in one day. Big + +Sold a ton of 6$ puts ending this week for .06 each +Sold a bunch of 4$ puts next week for .04 each +50% APR with these two buys. + +Also been buying activision stock as I think it's the best arbitrage in the market at the moment, and with rate increases and financial worries I believe a 15% gain in a year is great. + +I love selling puts :) +Hi folks, +Been running weekly iron flies or condors on SLV and it is quite easy to make money on it. SLV (and silver in general) is heavily manipulated and is basically dead. I typically sell the put credit whenever it touches around 13.6-13.7 and then I sell the 14.5/15 when it climbs above. It typically follows gold but it’s a bit more volatile. While it experiences heavy intraweek volatility, it typically doesnt make crazy moves to the upside or downside. I have hedged against a crazy upside move with Jan 2021 call debits as well as september call debits. The floor for SLV is around 13.5 so if it ever touches that, 13.5/13 put credits are a very safe play. +Edit: thank you for the silver, kind stranger! Quite meta indeed. +Good morning, + +Market looking fairly flat today with fewer movers than we have been seeing. Here is my main watchlist for today: + +1. **$AACG (ATA Creativity) -** Leading gapper here, but the chart is a little choppy. It'd need to get back over $4 for me to be interested here. There is no catalyst that I can see. +2. **$ATOS (Atossa Therapeutics)** \- These guys are spiking after announcing a reversal on the decision to acquire a rival firm. Quite a choppy chart right now, but showing some support at the VWAP. +3. **$ANVS (Annovis Bio)** \- The catalyst here is the granting of a patent for a method of treating acute nerve and brain injuries'. Not a great deal of excitement yet here, but they are at an all-time high right now with no resistance, so this is one to watch. +4. **$AVXL (Anavex Life Sciences)** \- I've been watching this for a while as it's the second-highest gapper today. I'm not overly sure if this will be strong today, but there is a clear ascending support line which it has bounced off of 5 times so far. That being said, there is also plenty of shorting availability and to me, it looks as though the VWAP is starting to act as resistance. + +Nothing incredibly exciting yet. I'll focus on my momentum scanners for opportunities during regular hours. + +Other stocks I will be watching: AGEN, GOOS, THTX, LIZI + +As a reminder, trading is risky, make sure you put stops in place and follow your initial plan regardless. + +\-Rep +So I'm an extreme noob who's just scratching the surface with the market and trading, trying to learn as much as I can. I'm using TradingView's paper trading mode. today I set up my mock account with $10,000 and traded only ES1! futures. + +All I did was simply bought when there was a dip in the trend, and sold when it just touched above my purchase price. I did this about 40 times and ended up with a whopping \~$150k profit. + +What's wrong with this? What's the catch? There's no way if I signed up with TradeStation ($0 commission I believe), connected it with TradingView, loaded $10k, and did exactly what I've been doing I would have actually made that money right? Someone please hit me with reality +Selling my car on craigslist. Met buyer, he said he liked the car and didn't try to negotiate the price. + +Buyer is not from America and said he wants to take out a loan with the bank to pay for it, in order to build his credit. Basically taking out loan and immediately paying back. + +He has already looked at the car and said he would call me later this week after he talked to the bank and got insurance quotes and stuff. + +Is this a possible craiglist scam or do people normally buy/sell private vehicles using loans? How does the bank put the lein on the title? + +Should i skip the deal and do cash only or are their 100% ways I can gaurantee I'm not going to lose several thousand over a bogus check? + +-Edit selling it for 5k, said bank was local credit union i recognize +I'll be the first to admit, I'm not in here much anymore except maybe a quick browse for any daily news around 330 or 4 every day when markets close. I have been in gme since Feb of 21 and and member of reddit for 15 years or so. + +All this redacted stuff is crazy. From what I can tell from my limited scrolling, this isn't our mods this isn't our group. This is a war being waged against this sub. + +What really gets me though is that.... this is REDDIT! Since the beginning this is a forum for anonymity and freedom of speech. + +I have seen and read some of the most disturbing and disgusting things I have ever seen/ read in my life on this website. Never anything more than an NSFW disclaimer. + +But, now that a group of people are going to crush the corruption and band together to truly create change.... I can't even use curse words without being censored? + +Laughable at best. + +No matter what happens in this sub and no matter what censorship comes... how can they think that they are going to shake any of us? + +Even more, we are gamers. How many horrible disgusting things have we heard just playing COD? Now all of a sudden we need protected from bad words? + +Honestly F all of it. I will hold. Forever if necessary. +FB has been one of the successful tech stocks for a long time now. It's only 187 a share with a high of 378. I don't see why it would tank. They have adapted and continue to acquire new apps and platforms. With the metaverse coming I can see that also adding a lot of value in ways we can't really imagine yet. + +It might not happen this year, next year, or even the year after. But in 5 years do I think my money would double? Well, idk that's why I'm asking strangers on the internet. +Think about it. This guy turned a dying company into a fast-growing, customer-loving e-commerce business. Now he's gonna do it with his favorite company as a boy and one that has the MOASS built into it. + +He is 35... Tycoon. Will be known by every house like Elon. +The more I hear and read about people doing this the more it's starting to make sense to me. Rather than chasing/finding new plays all the time just focus on and learn the nuances/movements of one or two tickers, and then trade them when the setup is presented. + +I'm curious how many of you are doing this, and if so what are you trading? I hear a lot of people say theyre solely trading TSLA, AAPL, ES, etc. What other tickers are you all hyper focused on? Anyone doing so with Forex? Options? I dont expect you to lay your strategy out for me on a platter, but I'm willing to listen and learn from whatever advice you have to offer about how you came to know your current setup for the ticker you trade. + +Thanks +Background: I currently work for a fortune 100 company's Computer Security Incident Response Team, I work specifically on detect and response which includes business email compromises, responding to phishing emails and malware within the organization, while documenting the process. + +My last post on securing accounts got a lot of attention, and there was also a lot of feedback and recommendations to add and consider. After that post I set out to make the most complete guide yet on securing your account and listing the resources needed. + +**Email:** + +* Email Providers + * Any reputable email provider with 2FA will do + * If you want to get more into privacy and encrypting emails there is [Protonmail](https://protonmail.com/) or [Preveil](https://www.preveil.com/) + * You can alternatively also hook up your current email with the [Thunderbird](https://www.thunderbird.net/en-US/) email client (use to be managed by Mozilla Firefox) it is overseen by a volunteer board of contributors. +* 2FA - This is important, activating 2FA on your email is just as important as having it on exchanges. (Will cover more on 2FA further down) +* Create an email specifically for Crypto, but also avoid using crypto keywords / personal information in the email, treat your email address like its public information. +* Be on the lookout for Phishing emails, I made a post on how to identify phishing emails along with some useful tools here | [How to spot a phishing email](https://www.reddit.com/r/CryptoCurrency/comments/n0j8l0/tips_and_tricks_from_my_line_of_work_on_how_to/?utm_source=share&utm_medium=web2x&context=3) | + * **Quick tips for emails:** + * Don't trust email links + * Double check the address bar of login pages + * Know the [levels of a domain](https://hover.blog/whats-a-domain-name-subdomain-top-level-domain/) + * Check to see if your crypto sites allow a anti-phish banner that displays a code with their emails that you set. +* [Tracking pixels](https://www.nutshell.com/blog/email-tracking-pixels-101-how-do-tracking-pixels-work/) are also a thing, there not malicious in themselves, but they can potentially let attackers know if you have open an email / let them know the email exist and is active. +* Furthermore You can check [haveibeenpwned](https://haveibeenpwned.com/) to see what data breaches your email has been apart of - If your email shows up and passwords are listed on the data that was compromised, ASSUME the worse and change the password and never use it again, along with any other accounts that use that password. + +**Passwords / PINs:** + +* Don't reuse them EVER +* Use strong secure passwords, passwords managers make these easy to manage and generate passwords. +* **This includes your phone and 2FA app**, if you have a weak pin (1234) for your phone and someone takes it, remember your 2FA app is then available (if same pin, or no pin/pass set), your email is automatically signed in (same for other accounts auto signed-in), and they can access your text messages. +* Don't use words relating to crypto or personal information in your passwords (or email), if they are compromised in a breach, assume they will search for these terms to target crypto users and try the same combo against crypto sites or figure who you based on the information (email & password) and pivot to finding public information that could lead to them answering challenge questions for password resets. (Your first pet, is it posted on Facebook? How about your car? Your first girlfriend/boyfriend?) +* Password Managers: These work wonders when managing passwords securely. They generate random strong passwords which can be adjusted, and its all kept in an encrypted database file, so even if a attacker gets access to it, they won't be able to access it without the password. + * Password Managers trusted by the community: + * [KeePass](https://keepass.info/) + * [BitWarden](https://bitwarden.com/) + * [LastPass](https://www.lastpass.com/) + * [1Password](https://1password.com/) +* Don't save passwords in your browser + * Does it require verification for you to use the password? Also I tend to find extensions being more buggy as they have to interact with more 'moving' parts and changing configurations, and generally more people try to target and exploit browsers. + +**2 Factor Authentications (2FA):** + +* Enable on everything possible (Email, Exchanges, Banks, Robinhood, even Reddit to protect your moons) +* Use 2FA Apps instead of SMS whenever possible, [SIM Swap](https://www.consumer.ftc.gov/blog/2019/10/sim-swap-scams-how-protect-yourself) attacks are real, and more common than you think. + * 2FA Apps + * [Authy](https://authy.com/) (Linux | Windows | macOS | Iphone | Android) + * [Google Authenticator](https://support.google.com/accounts/answer/1066447) (iOS | Android) + * [Microsoft Authenticator](https://www.microsoft.com/en-us/account/authenticator) ( iOS | Android) + * [LastPass Authenticator](https://www.lastpass.com/how-lastpass-works) (Browser Extension | iOS | Android | Windows Phone) +* Hardware Keys + * These are [physical 2FA device](https://www.techradar.com/best/best-security-key) (I chose this list as I think it does a good job explaining them with pros and cons, I did NOT vet the sellers that are listed on the amazon links. Always research and buy from a reliable source) +* Backup codes: + * When you activate 2FA on any account you should have the ability to generate backup codes, these are used incase you lose access to your authenticator, TREAT these like your seed phrases. Use them by logging in with your user and pass, and use these backup codes in place of the 2FA code you usually enter. +* DO NOT take pictures of your QR codes, if you screenshot it, might end up syncing somewhere you don't want it to and if it ever gets compromised they have the ability to continually receive your 2FA code. +* Also, DO NOT sign up for your 2FA app or any crypto service for that matter using your work or school email address. You lose access to that email, then consider all accounts gone as you won't be able to access the codes if you switch devices. + +**Wallets** + +* Learn the difference between the different wallets, I think this [article](https://coinmarketcap.com/alexandria/article/hot-wallets-vs-cold-wallets-whats-the-difference) is REALLY good at going in depth about the differences and pros vs cons of them at a beginner level. +* Cold wallets will always be more secure than any hot wallets as they aren't connected to the internet + * Top trusted hardware wallets from the community: + * Ledger + * Trezor +* Verify the details you are confirming on your hardware wallet device. the wallet app interacting with your cold wallet device could be compromised, but you would still be safe using it, as long as you verify each action on the cold wallet device, and reject the transaction if anything seems off. (Thanks keeri) + +**Seed Phrases: Treat these as they are the keys to the kingdom (Keep offline and out of your notes app)** + +Less Secure: + +* Write down on paper and either break up the phrase and place in separate secure locations or hide them like the the FBI is going to come search your house +* Secure on USB + +1. Get a [file shredder](https://fileshredder.org/) (securely deletes data, and overwrites it) +2. Download password manager (optional) +3. Disconnect device from internet +4. Enter seed phrase into password manager / create encrypted file +5. Put on a freshly reformatted USB / datalocker (Worms like to spread by USB) +6. Save to USB, and shred the original using the file shredder software +7. Hide USB + +* Another device / old phone + +1. Factory reset +2. Set Pin / Pass +3. Download 2FA app and password manager / file encryption tool +4. Disconnect from internet FOR GOOD (Treat this like a cold wallet) +5. Back up 2FA and seed phrases +6. Hide device + +More secure (more expensive): + +* [BlockPlate](https://www.blockplate.com/pages/getting-started-blockplate) +* [CryptoSteel](https://cryptosteel.com/how-it-works/?v=7516fd43adaa) +* Have a copy saved in a safety deposit box / split between two banks. + +NOTE: Each method is going to its pros and cons: Getting robbed, fading ink, the elements, data retention (USB \~10 years), ever being on a digital machine. Pick which ones benefits you the most, and correlates with your budget and what your willing to risk. + +**VPNs / TOR:** + +* Privacy vs Anonymity + * Privacy is the ability to keep your data and information about yourself exclusive to you (They know who you are, but not what you do). + * Anonymity is about hiding and concealing your identity, but not your actions. (They know what you do, but not who you are) + * Think about what your goal is, I commonly associate privacy with VPN and anonymity with TOR + * Both encrypt your data before leaving your device, then routes it through proxy servers to mask your IP/Location. VPNs you have to trust the provider (ensure they state there is a no log policy) while TOR runs through servers ran by volunteers (don't think governments don't run their own) and lets you access the dark web. [Here is a more in-depth comparison on VPN vs TOR](https://www.comparitech.com/blog/vpn-privacy/tor-vs-vpn/). + * Personally Its worth paying the few bucks a month for a paid tier of the VPN service. +* VPN Providers - Zero log VPN services: + * [ProtonVPN](https://protonvpn.com/) + * [Nord](https://nordvpn.com/) + * [Mullvad](https://mullvad.net/en/) +* TOR + * Brave offers TOR, but I would treat this more like a VPN + * If being anonymous is your goal the only real way to achieve this is running [Tails off a USB](https://tails.boum.org/). + +**NOTE:** Some exchanges and websites blacklist IP ranges associated with VPN and most commonly TOR for security reasons. Some people on this community stated that this can lead to them freezing your account. + +**Browsers (Excluding TOR):** + +* Top 3 Browsers built for privacy + * Firefox + * Epic + * Brave (I know Brave draws criticism but I made a technical [post](https://www.reddit.com/r/CryptoCurrency/comments/mzbfrd/security_analyst_here_again_on_why_its_important/) showing how the trackers didn't show up within the metamask extension through brave compared to Google Chrome.) + * [Learn to harden your browser to make it even more secure](https://us-cert.cisa.gov/publications/securing-your-web-browser) +* Search Engine for privacy: DuckDuckGo +* Extensions + * One of the most dangerous threats I think that aren't taken seriously are extensions. These can start out legitimate, then through an update turn malicious. These will then be removed from the webstore, but not your browser. + * Some will be removed the store due to not being supported anymore which = no more updates, and no more updates = vulnerabilities that won't be fixed + * If you have Google Sync activated, these extensions will also sync to all those devices + * Remove any extensions you don't need, check to see there still available on the store, and even search them to see if some security [article like this pops up](https://duo.com/labs/research/crxcavator-malvertising-2020) about it. + * Check the privacy practice tab of the extension to see what data it collects. + +**Checking and verifying hashes of a download:** + +Hashes are the fingerprint of a file, even if you change the name of the file the hash will be the same. This is similar to how wallets work, its a string of characters and numbers, yet represents data (aka your holdings) + +* How to get hash: + * Go to the search bar in windows and enter ‘cmd’ this should bring up the command prompt (open terminal on Linux / MAC) + * type “Certutil -hashfile Desktop\\example.txt sha256” for windows + * type "Sha256sum Desktop\\example.txt" for Linux + * type “shasum -a 256 Desktop\\example.txt” for MAC + * (Remove quotes, and replace 'Desktop\\example.txt" with the path to the file you want to check) +* this should give you the sha256 hash you can copy and paste into [VirusTotal](https://www.virustotal.com/gui/file/72714927de74b97c524c5fa8bc1a0dec83f038dbbed80b93b5e6280ca1317f41/detection) to check to see if its known as malicious by many security vendors. Here is the hash and VirusTotal link for the shredder download I previously mentioned in the seed back up step. [72714927de74b97c524c5fa8bc1a0dec83f038dbbed80b93b5e6280ca1317f41/detection](https://www.virustotal.com/gui/file/72714927de74b97c524c5fa8bc1a0dec83f038dbbed80b93b5e6280ca1317f41/detection) + +**NOTE:** You can also just submit the file to VirusTotal, but if it potentially contains personal information, it will upload the file and allow other people to download it, searching the hash will not do this. + +**Other General Safety Tips:** + +* [Harden your PC](https://www.securicy.com/blog/security-best-practices-hardening-windows-10/) (Guide is for Windows 10, but can translate to other OS) + * Update OS and any software // turn on automatic updates - Everything you download is an attack vector + * Set firewall rules - Default deny, open only p855orts you need, disable rules you don't need + * disable remote access + * Install AV // Malwarebytes for removing malware + * Turn on encryption + * Setup user accounts // privileges' + * Strong password +* Whitelist addresses if possible (Some exchanges allow you to designate a address as 'safe' any other transactions besides those won't go through) +* If you use a encrypted messaging service, I highly recommend [Signal](https://www.signal.org/), if you haven't seen their [reply regarding a subpoena](https://signal.org/bigbrother/central-california-grand-jury/) you should +* Lock down your social media accounts (go to security settings, turn off being able to be found via search engine, ad related settings, change who can view your posts, etc) +* Don't disclose your holdings and earnings +* Don't access your crypto on your work computer +* Don't answer PMs about winning some contest or some amazing opportunity + +**Phone:** + +Many users asked about security regarding people who mainly use their phones. Many of these tips can translate to phones as well, but here's a quick rundown. + +* Unique pin / password for the phone +* download a password manager +* email account purely for crypto +* pin / password (different than getting into your phone) for your 2FA app. +* Don't lend phone out +* Avoid apps you don't need, read the 3 star reviews as they are the most honest) +* Download VPN / be aware of the wifi your connecting to +* Be aware of phishing +* Call your service provider and see if they can lock your SIM card and prevent SIM swapping. + +NOTE: These are still just suggestions, these are methods that balance security and usability. One could use 2 password managers and split a password between both, but that would compromise usability / ease of use. +TequilaParty is almost two months old! They’re making relentless progress, and building bridges from the real world to the cryptosphere. + +CMC Inbound! + +Check out their new beautiful whitepaper: http://tequilaparty.space/whitepaper/tpwhitepaper.pdf + +Latest video update from the doxxed dev: https://youtu.be/qb8yGZK2zkw + +TequilaParty is a genuinely unique project in the crypto space. Why? + + • Tied to a real legal structure (Missouri LLC, IRS Registered) + + • Doxxed, transparent Dev - Jameson Huckaba (https://www.linkedin.com/in/jamesonhuckaba/) + + • Making an actual Tequila in Mexico. + + • Working with real artists and non profits - their work tied to the Tequila via NFT. + + • Responsive, professional team driving the project forward. + + • Proper governance model. + +TequilaParty launched eight weeks ago, and has been making consistent progress in terms of branding and readying the physical product for release. +TequilaParty’s Tequila will be distributed initially in the US, Mexico, and Hong Kong! + + • Market Cap: ~$300k + +Circle of Incentive: $tequila fuels the Tequila. Tequila supports Artists and original Mexican art, and a non profit that they choose to support. Revenue from the Tequila flows back into $tequila in the form of a structured dividend. +More on the NFT complement from the dev: “We’ll commission Mexican artists to design a piece that goes with each bottle; they’ll be very limited editions of artwork. With the sale of the bottle, the NFT is minted, or created, and the contract has a built-in tax - a small percentage (2%) will go to the artist who created the piece. A larger percentage, 8%, will go to the charity or non profit the Artist originally designated. This is all done automatically via SmartContract. We expect that these NFTs could be traded and resold and collected, and with each subsequent transfer, it’s not a one-time donation to this artist or charity, but perpetual, which we hope will make a major difference in their lives.” + +This is a real company making a real product. Huge opportunity. + +Join the best community in crypto on their Telegram. + +Critical Details: +• Network: Smart Chain +• Contract: 0xf459693e9f45f432eCB48afE1bD0cCaA4ad82959 +• Token Supply: 1,000,000,000,000 +• Mint Function: No +• Reflect Tax: 2% redistributed to holders +• Website: http://tequilaparty.space  +• Telegram Community: http://t.me/tequilaparty  +• Twitter: http://twitter.com/TequilaPartyBSC + +.#cantdrinkashib #worthashot +OP: + +[https://www.reddit.com/r/Superstonk/comments/p3x6lq/my\_buddy\_worked\_at\_archegos\_when\_it\_went\_down/?sort=new](https://www.reddit.com/r/Superstonk/comments/p3x6lq/my_buddy_worked_at_archegos_when_it_went_down/?sort=new) + +Comment is here: + +[https://www.reddit.com/r/Superstonk/comments/p3x6lq/my\_buddy\_worked\_at\_archegos\_when\_it\_went\_down/h9yqega/?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/Superstonk/comments/p3x6lq/my_buddy_worked_at_archegos_when_it_went_down/h9yqega/?utm_medium=android_app&utm_source=share&context=3) + +*Update!! I just talked to my buddy.* + +*It was swaps that forced them to go under. As far as which ones, he doesn’t know, as it was played super close to the chest.* + +*He is allowed to buy/sell GME, however sold all his shares for another company that I won’t mention here. Has nothing to do with any of the “meme” stocks either.* + +*He said IF they were short GME, the open positions MIGHT still 100% open and someone MIGHT own them.* + +Posting for visibility. OP doesn't like attention and I love attention. Shrug. We got all kinds in here... +[https://www.theguardian.com/money/2021/jan/12/mps-warn-buy-now-pay-later-firms-could-be-the-next-wonga](https://www.theguardian.com/money/2021/jan/12/mps-warn-buy-now-pay-later-firms-could-be-the-next-wonga) + +What does everyone else think of this? Personally, I've seen so many options to buy now and pay later, even on very small purchases. It's becoming quite worrying. +For those of you who are FatFIRED and travel with your family year round, how much does it cost you to do this? I know this number can vary for many different reasons but I am just trying to get an idea. Thanks and I appreciate any feedback you can provide! +This post is a follow-up to the [preceding post](https://www.reddit.com/r/ethtrader/comments/79osxq/ethtrader_dao_token_preregistration/) regarding the opening of pre-registration for the EthTrader DAO. You can pre-register by [clicking here to send a direct message to u/EthRegBot (edit the message with your account address)](https://www.reddit.com/message/compose/?to=EthRegBot&message=!ethreg%200xANETHADDRESSHERE). Or [similarly to request your karma breakdown as collected](https://www.reddit.com/message/compose/?to=EthRegBot&message=!ethreg%20karma). + +-- +-- + +It's been noted that the suggestion for this pre-registration is to use a freshly generated account in order to mitigate correlation between ethereum funds or transfers, and your reddit identity. While generating the account is easy (with https://www.myetherwallet.com/ for instance), anonymously funding the account with a small amount of ether is less straight-forward, or at least has enough of a faff factor that it might put off some people from participating. For this reason a [small fund has been created](https://etherscan.io/address/0xf7927bf0230c7b0e82376ac944aeedc3ea8dfa25) with an initial endowment of $100 worth of ether. The **first 1000 empty accounts to pre-register will be supplied with $0.10 worth of ether each**: enough to cover (at a low enough gas rate) the registration tx and a number of subsequent actions like votes or token transfers. (**Note** - you can update your pre-registration address at any time). Some other users have offered contributions to this fund so if it grows then either more people can be served or with a higher amount of ether. Any unused funds can also be returned. + +-- +-- + +As a side note: feedback for any dev who might [review the related solidity contracts](https://github.com/EthTrader/dappening/tree/master/contracts), or from anyone who might [review the dao, registry, and token operating rules](https://www.reddit.com/r/ethtrader/comments/78xelg/ethtrader_token_dao_salient_features/), is greatly appreciated. +Spent the past decade building more than one business. + +The combined revenue was 10+ million annually. + +Unfortunately, my wife was cheating while I was building, which ultimately created a divorce. The process was costly, emotionally painful, and very distracting. I ended up fire-selling the businesses and splitting the assets with the Ex-Wife. Currently, my NW is down to 300K from well above 3M on paper pre-drama and fire-selling the businesses. + +I'm finding it hard to find the motivation to get started again. In all honestly, I have the know-how, the network, and even enough cash to get something going pre-seed round but I'm having a difficult time believing in my abilities and feeling motivated again. + +Wondering if anyone has had a similar experience? Any recommendation or external perspective is welcomed. +Hooray, not a COVID post. + +For the past year, I've been using virtual assistants from UpWork and OnlineJobs.ph to help handle various administrative tasks with my growing business. Unfortunately, each of them failed to meet expectations at a certain point and we had to let them go. Granted, we were going for <$10/hour full time workers, so I suppose you get what you pay for. + +We're currently working on hiring a new virtual assistant and I came across a course by Ramit Sethi about "executive" assistants - first time I heard about it and seems to be a marketing term more than anything. In short, he describes them as more capable (and pricier) VA's, usually starting around $35+/hour. What surprised me were the things his VA was doing for him. Not just handling the simple admin business side of things, but also handling healthy food to be delivered to his hotel room upon his arrival while traveling, handling ordering gifts for SO/family, doing research on tech purchases so he doesn't have to spend as much time himself. He described having a good EA as an extension of himself, saving him several hours every week. And those several hours can be spent on building income generating assets. + +I'm interested in hiring a full time executive assistant to help me not only with my growing business, but also helping with some personal matters. Someone who is detail oriented, a hard worker, intelligent, etc. I think hiring someone in the United States (where I'm based) is safest from a legal, privacy, and quality perspective, and I understand this is going to be far more costly than hiring someone overseas. + +I'd love to hear others' experience with assistants and what was most helpful in finding the right one. + +Why fatFIRE relevant? This is the group of people who are most likely to see value and/or have experience in hiring a personal assistant for $70k+/year. +Looks like I will have my first assignment on Monday. Sold a PYPL 220 put ex 11/19 for $2.49 credit several weeks ago. So I will be starting my first Wheel. Just wish I wasn’t this far in the hole. I know one day left and I could BTC but I’m kind of excited to wheel instead of just selling CSPs. Wish me luck. +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! +The three major credit reporting agencies announced Friday that they will strip 70% of medical debt information out of consumers' credit reports, starting July 2022. + +[CNBC Article](https://www.cnbc.com/amp/2022/03/18/credit-bureaus-to-strip-70-percent-of-unpaid-medical-debt-from-credit-reports.html) +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! + +Good Morning Apes! + +Looking at a $10 drop in the pre-market today. It makes sense for them to break the pattern of shorting earnings and mix it up by shorting ahead of earnings. Either that, or they are aware of something being said at earnings and are pushing the price down ahead of the action. + +Friday's climb back into close still left us down significantly for the day but there was too much institutional pressure below the EMA 180/200 as the test of that resistance to the downside led to a massive increase in call buying pressure. + +[Last weeks open interest on call options exploded Friday ](https://preview.redd.it/4zi2helkex381.png?width=833&format=png&auto=webp&s=d5c5e59264e7198de9c4d0719fb1a784fc7a414f) + +With a possible earnings beat on the horizon the shorts have pretty good reason to drive the price as low as possible before any announcements. A positive EPS on earnings and continued positive cash flow would indicate a three quarter turnaround for Cohen, an **extremely impressive** feat. It would also bring significant institutional attention. + +Today is T+69 as per u/Dr_Gingerballs theory and he is expecting up to 12 million volume in order to facilitate a forward push of FTDs from price suppression activities. [His DD can be found here](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/?utm_source=share&utm_medium=web2x&context=3). + +Check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +For more information on my futures theory 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... + +**I just got news of an unexpected death in my family and will not be continuing the thread today. I will return tomorrow.** + +Edit 4 12:69 + +LFG ... + +https://preview.redd.it/mw33xddzpy381.png?width=1560&format=png&auto=webp&s=43e3e466c603fb7849b2b0f8e5521835efd0e0eb + +Edit 3 12:39 + +Still fairly flat under VWAP ($167) if FTDs are due on GameStop today it's likely price action will be in the afternoon. Volume at 1.4m. + +https://preview.redd.it/hubevo7bly381.png?width=1558&format=png&auto=webp&s=58011df6c2d38ba4e61ef49b8b661c45a199df25 + +Edit 2 11:30 + +Still staying in the same channel probably in an effort to reduce IV, or at least stagnate it. Volume @ 1.19m + +https://preview.redd.it/xva9y7nl8y381.png?width=1562&format=png&auto=webp&s=9bb8ae7484d2a48972ed191ab7601d15391ccc79 + +Edit 1 10:30 + +After a pretty choppy open GME appears to have broken to the upside volume already approaching 1m is promising for the t+69 thesis + +https://preview.redd.it/6lxknnfzxx381.png?width=1554&format=png&auto=webp&s=1b54ecfee66eaf2ba40072ea7e6175f1a9200533 + +# Pre-Market Analysis + +GME down on 43k pre-market volume 5.05% from Friday's close. + +450,000 shares borrowed from IBKR this morning + +Shares to Borrow: + +IBKR - 150,000 @ 0.6% + +Fidelity - 656,794 @ 0.75% (This also is down significantly from Friday but I am unsure how many were borrowed today in pre-market) + +[GME pre-market on the 1m](https://preview.redd.it/zrbxzsaihx381.png?width=1568&format=png&auto=webp&s=155ba65a2bfe6a7f3cfe29409ea3986dd8961127) + +CV\_VWAP seems to indicate a lot of arbitrage from Friday's drop was made up this morning. Arbitrage almost neutral going into market open. + +https://preview.redd.it/z1tmou0whx381.png?width=2452&format=png&auto=webp&s=ce1fb1c8aa6d165d306b975ac4ff1f1c6c29097a + +**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/) +I watched "The big short" for the XXXX times this year. + +'Member when Mark Baum is sitting at a table, sipping some coffee near the end of the movie talking by Phone to Vinny ? + +He said to Vinny that when they will sell their position, they will become just like them. + +Ape, if you sell your share(s) before a critical point has passed, you will probably become rich, but you will become part of the system. Greedy SHF/banks/Brokers will probably use that share to exit their position. +With all we have seen this year, I dont know about you but I don't want they can find a way to exit whatever the mess they put themselves in... and do it once again in say... 10 years. + +I'm holding to end this. +I'm holding to cellarboxing the banking institutions. +I'm holding to see every crooks turning on each other on liveTV as the GME ticker is now a XXX XXX XXX digit number and will ruin the financial world as we know it if apes still diamondhanding. + +This is your chance to end this too. + +Edit : Thx for the awards you follow tards! Post get downvoted pretty heavily. Shills may not financially recover from this. +**BACKGROUND** + +Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions ([Understanding Segregated Witness](https://thewalletgenius.com/understanding-segwit-segregated-witness/)). Since that time wallets and exchanges have been slow to deploy SegWit, and the majority of users have not made the switch themselves. + +On Dec 18 2017 Subhan Nadeem has pointed out that: + [If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +Mass SegWit use alone could empty the mempool, result in blocks that are not completely full, and make it possible to include transactions with $0 fee once again. + +[On Jan 11 2018 when BTC sends went offline at Coinbase the mempool began to rapidly empty. Later in the day when service was restored there was a sharp spike up in the mempool](https://twitter.com/JordanTuwiner/status/951698069967589376). Subsequently, that afternoon Brian Armstrong finally had to break his silence on the topic and admitted Coinbase is working on SegWit but has still not deployed it. It appears that this is an important data point that indicates if just a few major exchanges would deploy SegWit the high fees bitcoin is experiencing would be eliminated. + +SegWit is just one technique available to exchanges and users to reduce pressure on the Bitcoin network. You can make the switch to SegWit on your next transaction, and pressure exchanges to deploy SegWit NOW along with other actions that will reduce their transaction impact on the network. You can help by taking one or more of the action steps below. + +________________ + + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. If your wallet is not committed to implementing SegWit fast, speak out online any way you can and turn up the pressure. In the meantime start using a wallet that has already implemented SegWit. +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail +3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin. +4. Spread the word! Contact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch. Use social media to point out the benefits of SegWit adoption. + +IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange. + + +___________________ + + +**BEYOND SEGWIT - BATCHING, PAYMENT CHANNELS, LIGHTNING** + + +Batching is another great way that exchanges can reduce their fees. See: [Saving up to 80% on Bitcoin transaction fees by batching payments](https://bitcointechtalk.com/saving-up-to-80-on-bitcoin-transaction-fees-by-batching-payments-4147ab7009fb). Despite the benefits of batching, some exchanges have been slow to implement it. Users should demand this or walk. + +Beyond SegWit & Batching, Lightning Network integration will have even more effect. Lightning is now active and exchanges could setup payment channels between each other so that on-chain transactions need not take place. Some ideas have to outline how that might work are here: [Google Doc - Lightning Exchanges](https://docs.google.com/document/d/1r38-_IgtfOkhJh4QbN7l6bl7Rol05qS-i7BjM3AjKOQ/edit). Which two bitcoin exchanges will be the first to establish a lightning channel between themselves and offer free/instant transfers between them for their customers? This will happen in 2018 + + +______________________ + + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $23USD per Tx +- [BitcoinFees.info - Next Block Fee](https://bitcoinfees.info/) - $14USD +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 131K unconfirmed Tx's +- [SegWit Charts](http://segwit.party/charts/) - 11% SegWit Tx's +- [Johoe's Bitcoin Mempool Statistics](https://dedi.jochen-hoenicke.de/queue/#1w) + + +_________________________________________ + + +**NEWS/DEVELOPMENTS/VICTORIES** + +- [Merged pull requests on SegWit. GUI support for SegWit in Core Wallet should happen on/before May 1 with the release of 0.16.0](https://www.reddit.com/r/Bitcoin/comments/7pmf8m/merged_pr_to_bitcoin_repo_segwit_wallet_support/) +- [Petition to Coinbase to Prioritize SegWit implementation on the Coinbase Bitcoin Wallet & GDAX Exchange passes 10,000](https://www.reddit.com/r/Bitcoin/comments/7op7vi/600_bitcoiners_signed_the_coinbase_segwit/) + + +__________________________ + + +**SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS** + +| Exchange | Segwit Status | Batching Status | +|---------------------|---------------|-----------------| +| Binance | *NOT READY* | **Yes** | +| Bitfinex | Ready | **Yes** | +| Bitonic | Ready | **Yes** | +| Bitstamp | **Deployed** | **Yes** | +| Bittrex | ? | **Yes** | +| Coinbase/GDAX | *NOT READY* | No | +| Gemini | Ready | No | +| HitBTC | **Deployed** | **Yes** | +| Huboi | ? | ? | +| Kraken | **Deployed** | **Yes** | +| LocalBitcoins | **Deployed** | **Yes** | +| OKEx | ? | ? | +| Poloniex | ? | **Yes** | +| QuadrigaCX | **Deployed** | **Yes** | +| Shapeshift | **Deployed** | No | + +Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates + +[Source 1: BitcoinCore.org](https://bitcoincore.org/en/segwit_adoption/) + +[Source 2: /r/Bitcoin](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) + +Official statements from exchanges: + +- Bitonic: [SegWit: In testing (including send from bech32). Batching: Have been for years. ](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/drv127w/?context=3) +- [Coinbase: working on batching transactions, SegWit, and a number of other strategies to improve transaction backlog. Thx for bearing with us!](https://twitter.com/brian_armstrong/status/951869357931425792) +- Kraken: [Deposits are made to Segwit addresses and withdrawals are sent in Segwit format, but frontend presentation is pending full implementation/support in wallets such as bitcoin core.](https://twitter.com/krakenfx/status/949547526847307776) +- Shapeshift: [We don't order batch, but we will get to it. So much engineering to do :/](https://twitter.com/ErikVoorhees/status/947994430606229504) + + + +___________________ + + +**SELECTED WALLETS THAT HAVE SEGWIT ALREADY** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | +| SegWitAddress.org| Paper | + + + + + + +______________________ + +**FAQs** + +###### If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +> No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unnecessary transactions for now. + +###### Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else? + +> SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority. + +###### Once Segwit is FULLY adopted, what do we see the fees/transaction times going to? + +> Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time. + +###### What determines bitcoin transaction fees, to begin with? + +> Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first. + +###### Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +> The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download the latest version of Electrum to generate a SegWit address. + +> A transaction between two SegWit addresses is a SegWit transaction. + +> A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + +> A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address. + +> [Source: HowToToken](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +###### What wallet are you using to "batch your sends"? And how can I do that? + +> Using Electrum, the "Tools" menu option: "Pay to many". + +> Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +###### Why doesn't the Core Wallet yet support SegWit? + +> The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +###### Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +> Draw your own conclusions based on their own words: + +> [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + +> [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + +______________________ + + +**P2SH/bech32 FAQs** + +###### What are the two SegWit address formats and why do they exist? + +> It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to exist wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would. + +> Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses. + +> [Source: BTCManager.com](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +###### What is the difference in address format between SegWit address formats P2SH and bech32? + +> P2SH starts with "3..." + +> bech32 starts with "bc1..." + +###### Which addresses can I send from/to? + +> P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backward compatibility + +> bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum + +> [Source: BitcoinTalk.org](https://bitcointalk.org/index.php?topic=2347427.msg23976364#msg23976364) + +###### Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not? + +> The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32. + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) +- [BTCManager.com - Electrum 3.0 is first Wallet to enable Bech32 SegWit Addresses](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) +- Day 2: [I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) +- [Day 3: ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI](https://www.reddit.com/r/Bitcoin/comments/7ljpf5/day_3_i_will_repost_this_guide_daily_until/) +- [Day 4: Unconfirmed TX's @ 174K](https://www.reddit.com/r/Bitcoin/comments/7m6zd0/day_4_i_will_repost_this_guide_daily_until/) +- [Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /r/Bitcoin SegWit effort?](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/) +- [Day 6: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol](https://www.reddit.com/r/Bitcoin/comments/7na2xb/day_6_i_will_post_this_guide_regularly_until/) +- [Day 7: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Do you want low tx fees, because this is how you get low tx fees](https://www.reddit.com/r/Bitcoin/comments/7ojt5f/day_7_i_will_post_this_guide_regularly_until/) +- [Day 8: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. BTC Core SegWit GUI coming May 1, Coinbase incompetence exposed, more exchanges deploy SegWit](https://www.reddit.com/r/Bitcoin/comments/7q44av/day_8_i_will_post_this_guide_regularly_until/) +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. +If you haven't gotten into it yet, I feel bad for you. But at the same time, it's not too late. Fox token has been taking off and overwhelming the "all animal coins are meme coins" "they're gonna dump in two days" slander you see here. In it's now four days of existence it's produced: + +2,263 Holders + +A 1.6m market cap, AFTER whales dumping + +Now submitted CG, CMC, livecoinwatch, and openocean applications. (Branching out to asian dominant exchanges very soon) Just awaiting on the listings! + +Almost every social imaginable, in which EACH are active. + +Contract Address: 0xfad8e46123d7b4e77496491769c167ff894d2acb + +Website: [https://foxfinance.io](https://foxfinance.io/) + +Discord: [https://discord.gg/c7kZYg6s](https://discord.gg/c7kZYg6s) + +Medium: [https://medium.com/@foxfinance](https://medium.com/@foxfinance) + +Twitter: [https://twitter.com/foxfinancebsc](https://twitter.com/foxfinancebsc) + +Telegram: [https://t.me/foxxtoken](https://t.me/foxxtoken) + +Chart: [https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb](https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb) + +The twitter will show our current progress on our NFT models, our first charitable act, and our 1trillion token giveaway! + +This is NOT your regular pump and dump, this is the beginning of something great! +Basically title. It was agreed that I would receive $10 an hour after my training period ended , but I am still receiving the 8.35 I received during training. I’ve talked to the senior account manager and she is constantly giving excuses for why it has not been updated. Ive already gotten another job and plan to put my 2 weeks in by the end of the month, but the difference over the last few months of what I was told i would be paid and what I am being paid is on the order of $700 at this point. Do I have any recourse? +I regret not buying more at $200, when $2,000 seemed just as impossible as $20,000 now seems. + +I will not make the same mistake again. + +Ethereum is revolutionary, and the amount of adoption since $200 will happen again between now and $20,000. + +We may have bull markets and bear markets in between, but we're still early here as hard as it might be to believe, and we're going places. +This may be an odd post, but it's something I've been feeling lately and wanted to know if it's just me. + +I'm 28, making £27k/yr as a teacher. I pay my half of the bills and I am comfortable. I have extra at the end of the month. But... + +Even though things are going fairly well at the moment, I'm not happy with my finances. I'd love a new car. I'd love to save more. I'd love to make improvements to our house. There's so much that I would like to do but it seems impossible, not just now but at any point in the future. + +What do you guys think? Does the overwhelming feeling of "there will never be enough" hit anyone else so hard too? +All of a sudden Apple doesn’t look too expensive. After great earnings two quarters in a row and a recent pull back were at around 28 PE. With all the buy backs they do you can almost guarantee a 4% return from these levels. I haven’t bought anymore yet but if it gets down to 100$ a share I will be tempted to invest a lot of my money in it. I current have shares but haven’t bought anymore in a long time. Been in since 2016. +I’ve been watching lots of Damodoran’s videos and finally tried my hand at valuing a company using his spreadsheet. Since it’s my first time doing it, I wanted to share my inputs and results to get some feedback from seasoned investors. + +Inputs: +- 20% revenue growth next year +- 1% operating margin next year +- 12% CAGR years 2-5 +- 15% target operating margin (based on previous good years) +- 3 years of covergence +- 0.85 sales to capital (industry average) +- 7.7% cost of capital (based on operating regions for production) + +Results: +- $80/ share (37% overvalued) + +Sensitivities: +- Sales to capital makes a huge difference in the value and Chevron’s historical values have been all over the place. However, the value hasn’t been greater than 1 since 2014. +- I feel that I was being generous on the target operating margin. It used to be 15% or greater, but not since 2012 +- I know they just bought Noble, but I didn’t add anything for this in my valuation. And honestly, I’m not really sure how I would. + +Thanks in advance for the input. +This time it's: FROG, KLIC, and UP. + +While deeper analysis is possible for some of these, the goal is a concise elevator pitch, in line with what Peter Lynch recommends when making decisions to buy or sell. I included everything that I thought should satisfy a curious investor. Once you're done, give me some more to look up. + +Edit: I realized the YouTube link didn't copy over for FROG, so I just added it. + +# FROG + +**Summary of Operations** + +Jfrog is an interesting company, describing itself as part of the “DevOps” industry. It’s not easy to put this company’s operations into simple words. It has a platform, the Artifactory, that essentially allows businesses to centralize and synchronize their software needs across the company, for a variety of benefits. Thankfully, they made a [video on their YouTube](https://www.youtube.com/watch?v=r2_A5CPo43U) that helps to visualize it. It’s only two minutes, so I suggest watching it. + +Their customers are diffuse, and their 10 largest only account for about 7% of revenues. Nearly all revenues come from subscriptions. While they reported a loss, much of this is due to share-based compensation. Operating cash flows are consistently positive. + +**Strategy** + +They acquire customers with a flexible product, allowing free-trials and tiered subscriptions to suit customers’ needs. With investments in their inbound sales team and improvements in their technology and features, they aim expand on their current accounts and grow with new accounts, new features, and expansion in a global market. + +Overall, the company seems to be keeping a general plan. The company has almost no debt, but it does sell shares to raise capital. The number of shares has more than tripled in the last couple of years, but some of this is due to the conversion of preferred shares in 2020. + +**Growth and the Future** + +The DevOps industry is a novel one, and even Jfrog realizes this in their own annual report, and there are not clear patterns yet, like with the autoindustry. This makes growth trends difficult to anticipate. + +>A limited-functionality version of JFrog Artifactory is licensed under an open source license, which could negatively affect our ability to monetize our products and protect our intellectual property rights. + +This is from their 10K’s Risk Factors. It suggests that, while their product is good, it may not have a moat if free riders arise. Even so, its operating cash flows are positive, and it’s growing, which indicates that its customers (some of which are big names) see value and will likely continue to see it. + +It’s just unclear if share dilution and the cash devoted to capex will be worthwhile. + +**Valuation** + +Given cash spent on investments and depressing effects it has on free cash flow, I will not attempt a valuation. + +* Growth Assumptions: N/A +* Intrinsic Value Per Share: $N/A + +# KLIC + +**Summary of Operations** + +Kulicke and Soffa (K&S) makes and sells capital equipment and tools for electrical and computer parts, mainly for semiconductors. + +The company enjoys an operating margin of about 27%. Compared to last year’s results, they showed a good ability to increase revenues without a comparable rise in operating expenses + +The company does very little business outside of the United States and mainly makes sales to the Asia/Pacific market. Their customers are becoming increasingly concentrated, with the top ten accounting for about 60% of sales. Despite the cyclicality of their industry, they are consistently cash-flow positive. + +**Strategy** + +The company tries to stay ahead changes in demand by letting their customers try out their product and keep their feedback a part of the development process. This also strengthens their relationships with their accounts. Their balance sheet is very healthy and free of debt. + +**Growth and the Future** + +K&S believes there is room to penetrate other markets and expand their product line. Given the current semiconductor shortage, there is probably room to realize near-term growth opportunities like this. The company also has a steady buyback program and is sitting on a large pile of cash, with no looming debt. These are comforting signs. + +I will, however, highlight this passage from their 10K’s Risk Factors: + +>Alternative packaging technologies have emerged that may improve device performance or reduce the size of an integrated circuit package, as compared to traditional wire bonding…Given that a majority of our revenue comes from wire bonding, a reduced demand for our wire bonding equipment could materially and adversely affect our financial results. + +I tried to see just how risky that is, and it’s unclear. In scarcity, people may not care about these subtleties of their semiconductors, but when the cycle reverses, and supply has increased to meet demand, K&S could be vulnerable to customers who now have the luxury of choice. Buyers should keep an eye on their dependency on wire bonding, and I will do so as well going forward. + +**Valuation** + +Across the cycles of the last decade, the company has averaged about $103 million in FCF each year. + +* Growth Assumptions: 10% first 5 years; 5% second 5 +* Intrinsic Value Per Share: $20 + +# UP + +**Summary of Operations** + +Wheels Up works in on-demand private aviation and provides a platform to match passengers with flights. Apple and Android users can install an app that matches them with a private flight suited to their needs. Flights are conducted with a fleet of aircraft that are variably owned, leased, managed, or belong to third parties. + +Revenues are derived from memberships, flights, aircraft management, and other sources. Flights account for the vast majority of these revenues. Members are divided into Connect, Core, and Business. + +**Strategy** + +The company believes that it has a unique platform and network of resources that would be difficult to replicate (it believes it has a moat), while operating in a highly fragmented environment. It has made significant investments in its sales team to acquire customers and formed strategic partnerships to tap onto customers bases, such as with Delta and American Express. + +**Growth and the Future** + +The company has not consistently been cash-flow positive. It also indicates that the market for talented captains is competitive and gives out equity positions to them. I suspect share dilution through incentives and to raise capital will be an ongoing problem. + +Given how the larger market of commercial airlines has often struggled to be profitable, it’s not clear what advantages this more niche slice of it may have. This makes growth difficult to predict, but Wheels Up is optimistic about the fragmented nature of the market and their ability to capture a larger share. + +**Valuation** + +With inconsistent cash flows and the peculiarity of this business, I will not attempt a valuation. I think this is a stock to check on later. + +* Growth Assumptions: N/A +* Intrinsic Value Per Share: $N/A +TLDR at bottom for you ZIP holders. This is going to be my last post before my one year ban so goodnight retards and maybe I'll see you all again in a year! + + +The Efficient market theory is something that is commonly taught when you learn finance and is that the stock market reflects all available information at that time and prices the stocks accordingly. Therefore, all stocks are priced fairly and equally and anytime there is a stock which does not follow this theory will be bought/sold to adjust it back to where it should be. As such if this theory holds up and is true the average investor is much better off buying into an index or a low cost passive managed fund like Vanguard because the idea that the average investor can know more about the market than teams of finance people with PHDs and spending their whole days studying is preposterous…. or is it? Are all investors rational? What if the average person works at Lovisa, Harvey Norman or even next to a store like Dusk? What if the average person is a repeat customer and has a strong passion for understanding xyz company? + +These are the questions which have caused doubt to the Efficient Market Theory, because there are plenty of famous investors who have said the average pleb has an advantage because you need to remember these Wall Street analyst don’t have the peasant experience, they are just looking through reports and talking to management and comparing them to other companies within the sector and their reports. So, lets go over the first question, investors being rational. We already know this is a pile of nonsense and that momentum is a powerful thing in the markets, just look at any bubble. The dot come bubble tech stocks were soaring to disgustingly high P/Es and there were funds saying how easy and great it is to take advantage of and if the regular person is not doing it then they’re just stupid and missing out. Or Look at Buffett in 1969 when he sold everything in the fund and gave the profits back and gave clients their money back…before the crash had even thought possible or started. + [https://www.forbes.com/2008/04/30/warren-buffett-profile-invest-oped-cx\_hs\_0430buffett.html?sh=7dcc6dc86759](https://www.forbes.com/2008/04/30/warren-buffett-profile-invest-oped-cx_hs_0430buffett.html?sh=7dcc6dc86759) + +Was he an alien? Did he see a psychic? Or did he just use logic and come to the decision the market was overvalued? Now obviously if I say the market is overvalued everyday for the next 10 years I’m bound to be right when it comes down one of them…but that takes no skill. The market can be very irrational, even Peter Lynch explains this, and he talks about why this gives an advantage to the pleb investor who should stay in their lane and wait for opportunities. Let’s say you worked in the medical space back when Cochlear was first starting and you figured this product was revolutionary and you saw the potential impact it could have had. If you had invested as even as late as 2011 when they were $50 a share at one point, you’d be 4x your money, but if you knew about them in the early 2000’s you’d be up 5x your money which is much better than the market average. Peter Lynch discusses in his book of One Up On Wall Street that he believes people do not do this and invest in areas they don’t understand because they like the idea of mystery. The point though that I am trying to make is the market is not always rational, it prices things wrong as it needs to predict, and if you try predicting anything everyday you will eventually be wrong by a big margin. One last example for this is imagine I own farmland and you own farmland, and every day you are forced to give a price at which I can either buy more of yours or sell more of mine, that puts you at an extreme disadvantage, I don’t think anyone would deny that and that’s exactly what the market does every day. + [https://www.youtube.com/watch?v=qSQLD6--3Ug](https://www.youtube.com/watch?v=qSQLD6--3Ug) – A quick 10 min speech by Peter Lynch. + +The next point I want to look at and is more of a modern times issue is the stress fund managers and big investment companies must outperform the index every 3 months (quarter), this is because there’s growing pressure from investors to do better and better. This was one of the issues with the dot com bubble, funds were trying to outperform the other by buying riskier and riskier stuff they didn’t know anything about to try satisfy investors. Imagine you are a fund manager; it is much easier to explain to a client you are down 10% on Apple…I mean its Apple its bound to come back right? But imagine you are down 10% on some small tech company the client has never heard of and you are confident based on your own analysis, then it becomes much harder to explain. So basically fund managers are becoming more like an index now because they need to just slightly outperform it and they keep their job, however if they go out and buy their little stock they truly believe in and the fund does poor 2 quarters in a row, well goodbye job and reputation. + +The last thing I want to look at to try keep this shortish is just the general plebs life vs the PHD analysing stocks 25 hours a day. Lets say you work in a shopping centre in a Lovisa, opposite another big retail store like Dusk, JB HI Fi, or something like that. You may think well I don’t know much all I do is scan items and help people, but in reality you have more access to information everyday than investors. You get to see the foot traffic coming in everyday, you get to see how busy the shopping centre is and if it is getting busier the past few months compared to previously. There is so many little details which someone who is in an office reading reports and comparing just doesn’t have the time to do. So take advantage of it and stick to what you know. If you can see you are getting customers constantly and this year has been much busier than last year then make a mental note of that, then for a few months keep an eye on the amount of people walking past and compare that to last year and so on. To illustrate the power of this, imagine if you could have the statistics everyday of people who came in the store and bought xyz and you could compare it to previous years and only you got this data! You would have such an advantage over the market its disgusting… But the Efficient Market theory is based on available knowledge? Exactly, even if you disagree with the idea the market can be irrational due to momentum or mispricing future predictions and you don’t know anything about investing. You can still have an edge on the market even if you assume the theory is true, because there is always some aspect which you have an advantage and understanding in which you just need to find and wait for. + +The last example and point I am going to give is afterpay. I didn’t touch Afterpay during covid in terms of stocks because I figured retail will slow down as people realise they are in shit and jobs slow down and so on. I looked at the numbers and reports and saw Afterpay made a great deal of their cash from fashion, and those are the customers who will be hit hardest from covid as lower income earners will need to save. Well what happen? As soon as they got the government cheques out came the orders and in came the Afterpay accounts. If you worked in retail during this time you may have noticed it was just as busy and more and more people were using afterpay, and its not like you only had a 1 or 2 week window. There was near on 3-6 months roughly where Afterpay was running up and you could of doubled your money just simply because you knew what was happening. + +So Overall, I don’t believe in the theory and I think it is fundamentally flawed due to market irrationality, funds becoming more like indexes and the simple fact that if you need to predict something everyday and momentum plays apart in it then you are bound to have wrong predictions no matter how hard you try. But even if you believe in the theory, all you need is some sort of knowledge because of your work or understanding which may give you an edge in that field, in which case you just need to be patient and hit when the market throws easy pitches down the middle. + + +TLDR: Theory is markets are rational and will price stocks based on all available information. I disagree because the markets are forced to give a price everyday, funds are becoming more like indexes and momentum is a powerful thing. Even if you agree though and dont agree with my stance there is still a chance to beat the markets based on what you see when you work, such as foot traffic vs 3 months ago, or sales and stuff like that. +**PART 2 - SORRY FOR THE TECHNICAL DIFFICULTIES... LOOKS LIKE I NEED TO BREAK THIS UP INTO SMALLER CHUNKS THAN I THOUGHT AS REDDIT CAN'T HANDLE IT...** + +\------------------------------------------------------------------------------------------------------------------------------------- + +# APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +\------------------------------------------------------------------------------------------------------------------------------------- + +So BASICALLY... the 3-Year American Management "Experiment", consisted of struggling to be profitable, and chopping up and selling off of Assets. + +NOW... + +You may think, that was a LONG time that he worked there before Apollo Global decided to buy it up and take it publically right? + +WELL... + +If you take a look at the OFFICIAL announcement of Adam Taking the CEO role at POPCORN, you'll see that in 2016, he was still listed as a Board Member at Norwegian Cruise Line Holdings. + +SOURCE - SEC Paragraph 4: [https://www.sec.gov/Archives/edgar/data/1411579/000110465915084779/a15-24957\_1ex99d1.htm](https://www.sec.gov/Archives/edgar/data/1411579/000110465915084779/a15-24957_1ex99d1.htm) + +AND EVEN TODAY - He is still listed on the Norweigan Cruise Lines website as a Board Member: + +ANDDDDD.... + +Even MORE interestingly... + +On the Frickin Norwegian Cruise Lines PROFILE of Aron, it SPECIFICALLY states... that his consulting company World Leisure Partners Inc, ACTS IN PARTNERSHIP WITH APOLLO MANAGEMENT L.P. and facilitated Apollo's Acquiring a controlling interest in Regent Seven Seas Cruises, Oceania Cruises and Norweigan Cruise Line + +See for yourself: [https://www.nclhltd.com/investors/corporate-governance/board-of-directors#members-4](https://www.nclhltd.com/investors/corporate-governance/board-of-directors#members-4) + +**WHAT ABOUT STARWOOD HOTELS MR BADASS TRADER???** + +Well he didn't last long there DID HE? + +CEO for 1 year in 2015... + +WHY? + +Well in 2015 there were STRONG rumors that Starwood was up for Sale. + +Many Had noted that Apollo were a contender for this... so... what do they do? + +Well let's get our CEO in there and see if we can snag it shall we? + +Things didn't go to plan though, and though Hyatt was thought to be the front runner in the bidding... it ended up going to Marriott... and has soon as that happened... Adam was gone... Poof... + +Rumors Source: [https://www.newstimes.com/business/article/Interval-buying-Starwood-s-Vistana-business-6595127.php](https://www.newstimes.com/business/article/Interval-buying-Starwood-s-Vistana-business-6595127.php) + +Marriott Confirmed to Buy Starwood ANNOUNCED NOV 2015 + +[https://news.marriott.com/news/2015/11/16/marriott-international-to-acquire-starwood-hotels-resorts-worldwide-creating-the-worlds-largest-hotel-company?aff=MARWW&affname=111l748&co=WW&nt=PH](https://news.marriott.com/news/2015/11/16/marriott-international-to-acquire-starwood-hotels-resorts-worldwide-creating-the-worlds-largest-hotel-company?aff=MARWW&affname=111l748&co=WW&nt=PH) + +Adam Aron Leaves Starwood Hotels **ANNOUNCED DEC 2015** + +[https://www.hoteliermiddleeast.com/operations/back-of-house/25530-adam-aron-leaves-starwood-hotels-resorts](https://www.hoteliermiddleeast.com/operations/back-of-house/25530-adam-aron-leaves-starwood-hotels-resorts) + +\----------------------------------------------------------------------------------------------------------------------------------- + +Oh ya... and lets not forget the actual **10 YEARS** he spent working at Apollo Global lol + +\----------------------------------------------------------------------------------------------------------------------------------- + +Ok... It's taking me a while now to dig up all this shit... and I'm kinda getting sick of talking about him... which means you guys are probably getting sick of reading about him. + +SO PLEASE... + +With a RATIONAL MIND... + +Can we agree that... + +**ADAM M. ARON WORKS FOR APOLLO GLOBAL MANAGEMENT???** + +(Looking at you POPCORN APES!!) + +\----------------------------------------------------------------------------------------------------------------------------------- + +Ok... let's move the fuck on already... + +WHY... is any of this important? + +THIS IS A PATTERN APES... + +But before we get into that... + +How about we take a look at Apollo shall we? + +And why we should FEAR the big bad wolves! + +\----------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +[Leon Black - Michael Milken's Right-Hand Man at Drexel and Founder of Apollo Global Management](https://preview.redd.it/tyutcjql09b81.png?width=1500&format=png&auto=webp&s=f4925aed389a43b54edebbeb2ec6d1ba8a9c24b6) + +&#x200B; + +>Leon Black, the most feared man in the most aggressive realm of finance, wants you to know he’s misunderstood. Not about the feared part—that much is indisputable. + +&#x200B; + +>The most recent recession, triggered by the 2008 financial crisis, created an unprecedented opportunity for private equity firms, and few have taken better advantage than Apollo, Wall Street’s apex predator. + +&#x200B; + +>A private equity takeover can involve deep payroll cuts, massive asset sell-offs, and taking on dangerous levels of debt. The process can mortally wound a company and trigger zero-sum fights over the corpse. + +&#x200B; + +>Even if you don’t know Apollo, you know its targets: Caesars casinos, Claire’s jewelry stores, Linens ’n Things, all purchased just before the financial crisis and driven to bankruptcy under Black’s watch. + +&#x200B; + +>Apollo, known for guarding its hoard, usually manages to walk away richer. + +&#x200B; + +If none of that gives you an idea of who these guys are... Apollo Global ALSO bought-out and owns Blackwater... you know the Private Security Company the US uses in warzones? + +You know... these guys... + +&#x200B; + +https://preview.redd.it/0u9np5h609b81.png?width=1200&format=png&auto=webp&s=6e7d3904c1b7caada37a63a9b6eb1c7023a1fbd2 + +(Please don't suicide me) + +Or how about the Fact that the Former Executive Director of the CIA Buzzy Krongard sits on the Board of Apollo? + +&#x200B; + +https://preview.redd.it/6rrsivc709b81.png?width=250&format=png&auto=webp&s=e9618e03112590b93a19beccd058dfe991a29345 + +Image Sourced in an Article Titled + +Accused of Blocking an Investigation in Blackwater, State Department IG Howard Krongard told Congress that his brother Buzzy has no ties to the military contractor. Evidence "Apparently" stated that he was a member of their board... + +But regardless, He is a Member of the Board of Apollo Investments... who now owns Blackwater. + +Read more here (Though not relevant) [https://www.motherjones.com/politics/2007/11/blackwater-and-brothers-krongard-how-cookie-crumbled/](https://www.motherjones.com/politics/2007/11/blackwater-and-brothers-krongard-how-cookie-crumbled/) + +&#x200B; + +**Source - Bloomberg** [https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black](https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black) + +(To Avoid the Subscription, just open in an Incognito Window) + +\----------------------------------------------------------------------------------------------------------------------------------- + +**So what the hell am I talking about?** + +Private Equity Firms and Hostile Takeovers/Distressed Takeovers. + +Remember that little Analogy I gave at the start of this post? + +The guy who has figured out how to turn $1 into $1.50... but has a Friend that can convince people that a $1 is only worth $0.10 + +He then buys the $1, for $0.10 and then turns it into $1.50... + +So lets think about this for a minute shall we? + +In our history lesson (I hope you passed the exam) - We discovered that Leon Black was Michael Milken's Right-hand man. + +And we know that Michael Milken sold a shit ton of junk bonds to companies. + +Many of these companies then suffered huge losses... and some filed for Chapter 11 Bankruptcy. + +WELL... Leon KNEW which of these companies actually had fundamental value within them and he began buying up both the bonds and the companies. + +SOUNDS FUN RIGHT? + +THEY EVEN HAVE AWARDS CEREMONIES FOR THESE GUYS + +&#x200B; + +https://preview.redd.it/ohubgo9809b81.png?width=1000&format=png&auto=webp&s=b0eaa0715c9fa5ff0f2a4d4f50b6e69d7c850c81 + +\----------------------------------------------------------------------------------------------------------------------------------- + +Wanna take a look at how the other side of this picture looks? + +After the CEO of **Warrior Met Coal** drove the company into Bankruptcy, again... (Straight after he did the same thing in the company before this) + +Apollo Global and Blackstone swooped in to buy up the company and begin milking it for all the profits they could get out of it. + +So much SO... that the Miners went on Strike. + +Take a look at how that went for them... + +&#x200B; + +https://preview.redd.it/gkwvx61909b81.png?width=1275&format=png&auto=webp&s=e3cd7b2a5e7592af62767e4b10460800f6350506 + +Link: [https://www.youtube.com/watch?v=oEH5EhZz878](https://www.youtube.com/watch?v=oEH5EhZz878) + +(Helps when you have a Private army and the Former Executive of the CIA on your Board right?) + +&#x200B; + +\----------------------------------------------------------------------------------------------------------------------------------- + +**THIS WAS MILKEN'S EXACT STRATEGY** + +He HELPED corporate raiders find ripe takeover targets, sold them the junk bunds, which ended up creating financial turmoil within the company, bringing the price down massively... and allowing the Corporate Raiders to Purchase that $1 for $0.10. + +&#x200B; + +>Milken’s bankers helped clients find ripe takeover targets and sold packages of debt to finance the deals. The bonds had to have sky-high interest rates to entice Wall Street buyers, but the corporate raiders didn’t mind: It was the targets, not them, who’d have to make good on the debt. + +Source: [Same Bloomberg article Paragraph 13](https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black) + +*(Use Incognito Window to view without subscription)* + +And of course, Black being Milken's right-hand man, was going to continue this strategy, and even expand upon it after Drexel got shut down. + +&#x200B; + +>Soon after, executives of the French bank Crédit Lyonnais reached out to Black about **teaming up on a venture that would try to replicate Drexel’s success.** The Drexel bankruptcy coincided almost perfectly with a credit crunch, and Black was frank with his potential backers: There was no mergers-and-acquisitions market anymore. Instead, he said, **they should go into the business of buying the loans that had been piled on now-troubled companies.** Drexel had put together some of the debt packages, and **Black knew which companies were worth owning a piece of.** + +[Same Bloomberg Article Paragraph 16](https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black) + +&#x200B; + +SO... + +Strategy 1 - Was creating the distressed assets by leveraging them with Junk Bonds... + +How about we look at the expansion of this strategy??? + +\------------------------------------------------------------------------------------------------------------------------------------ + +[PART 3 IS HERE](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank?** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Regulation Agenda** + +[BBC Part 16.1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) **The Apollo Missions** + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Apes... if you feel this is as big as I think it is... **please share it.** +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? +(Posted earlier on [r/algotrading](https://www.reddit.com/r/algotrading/)) + +Hey Traders! + +The question pretty much sums it all. I am a semi-professional futures trader (CL, ZT, ZS, some crypto), who uses basic technical indicators since two years and has been fairly profitable. + +That said, I don't understand the rush towards all things maths and statistics as a basic requirement to trade - if hedge fund and prop trading positions are considered. + +So here's my humble question - where exactly does complex math, statistical model making, and computer programming come into the picture? Software dev positions are explanatory, but where do the aforementioned help? Doesn't the first rule of markets say you can't predict prices and movements? + +Or is everyone rushing towards complex solutions which could have been solved fairly easily? + +Worse still - are talks of ML, RL, AI, algo, etc a "gimmick" to attract investor capital? + +All thoughts would be very, very helpful. + +PS - Don't make this a discussion about TA vs Quant. I do use indicators to trade, but definitely, don't draw discretionary trend lines or watch "heads and shoulders" or analyze moon phases to place trades. In fact, I do think TA is complete bull, but using indicators has its logical reasons. + +**Edit 1** \- Terrific answers, y'all. I am sure many others would be pleased over these insights. + +**Edit 2** \- Here's an outline about how I trade. Mentioned it in one of the comments below but I guess it makes a good add-on to the passage: + +As an economics graduate, I understand the most widely used macro-economic models and can construct most models used by mutual funds or I-banks. However, the use of "complex" math and Ph.D. degrees as a prerequisite to trade profitably goes right above me. + +For example - while trading the soybean oil futures (ZL) market, I look at any directly affecting news variables or major import/export law changes or drastic macro climate changes that would impact ZL prices. I then form a hypothesis of which side (long/short) to take *more* exposure in, check basic moving averages, check soybean futures (they kinda *lead oil* prices indicator-wise) and depending on my screen availability, either trade aggressively or place a couple of contracts and walk away. Each contract costs me $490, each hundredth of a tick movement is worth $6, so a brief move nets me $300-$500 if I trade 6-7 contracts. Some days the market goes crazy and it equates to over a thousand dollars in profits, and it almost never does crazy reversals that I end up taking on a huge loss. For futures like NQ that are absolute beasts in terms of volatility and movement, a few contracts can easily net a few grand if the market goes ballistic (trump tweets, trade war updates, etc). + +I guess my point is, this basic idea of how I trade gives me respectable profits - leaving me pondering for the need for a math or physics Ph.D. to trade markets profitably. However, generally knowing what they do greatly helps me appreciate the quant trading sector, and leaves a good impression of how I must not get comfortable with my strategy and look towards including more advanced concepts to ensure I don't end up crying my way to the morgue. +I guess Jeffrey Gundlach's bluff is being called out and the Fed will deliver on their March 23 promise. + +I will definitely be looking closely at the Fed's weekly statistical releases over the next few weeks to see changes in the balance sheet. + + +https://www.newyorkfed.org/newsevents/news/markets/2020/20200501 + +https://www.newyorkfed.org/markets/primary-and-secondary-market-faq/corporate-credit-facility-faq +Buy the rumor sell the news, right?? + +Well after the merge announcement, ETH pumped from $1k to $1,500. So I decided to sell a small portion at $1,497 planning to buy back at $1,200. + +Well it just keeps climbing. If I didn’t sell, it’d be back at $1k. So you guys are welcome. When I buy it drops. When I sell it climbs. Story of my life. + +Should I bite the bullet and buy it back at $1,700 or so we see a dip coming? I don’t want it to get away from me, so considering buying back and taking the L. +https://imgur.com/a/KIDf3Sv + +Posting this for awareness. First post was removed due to the auto-bot assuming the images I shared were a meme! Anyway luckily I spotted within a second of opening this email (linked to screenshots of the email via the imugr link above!) that it was a scam, before clicking any links. Now you will know it’s fake too. + +There’s been a huge number of new crypto investors the last 6 months, and so scammers will try and use this lack of experience to their advantage and try and steal your coins. Without testing the email links for obvious reasons, I’d imagine they have “spoofed” the Coinbase login page. So that when you enter your details, they will take copies of them for the criminals to try and break into your account and steal your money. + +Other ways to protect against this will be to where possible have 2-factor security on any exchanges you use. + +Let’s help all of us wherever we can and call out these scams so none of us fall for them! +As the title indicates, I, like so many other big brains out there, have what I believe is a wonderful way to make money and maintain a happy lifestyle. Let me give you a short back story on how I ended up here.. + +I've been working in a labor intensive position on a railroad for 6 years, and have made multiple attempts at moving up from the labor position to management to no avail. I see other people who have worked in this type of position for 30 years, their bodies are a wreck - I don't want to end up like that. I enjoy my well being and I would also like to be in a position where I can use my brain, rather than just using my huge muscles... + +Not only does the work take its toll on your physical state, but it also affects my mental state. I'm cranky, tired, constantly feel burnt out on just about everything. I don't get to do much of any critical thinking and if I do, its almost always credited to someone else and that never feels very fulfilling at the end of the day. + +One day I was driving home and realized I want to change this - I want to be happy, do something I enjoy, not feel dead, and make a living. I have an affinity for water and fishing, and I like building and fixing things. + +Sorry this is getting long winded,, I'll cut to the chase now.. + +I want to sell my assets, leave what I have here, and start a group of rental cabins on one of the great lakes. The cabins would be made from recycled shipping containers, solar powered, green roofs, all the stuff that makes them ecologically friendly and also self-sustaining. They'd be cute and modern spaces. + +We would offer chartered fishing trips on the lake where you'd get to eat what you catch, we'd cook it if you wanted us to, etc. + +I just don't know if I'm crazy or if this is something I could actually do. I can't stop thinking about it, and every day I come to work feels like I'm living the wrong life (I realize most people would say quit your job at this point, but it isn't that simple...). + +I'd have about 70k cash if I sold my current assets. Maybe more. + +Can someone either talk me into or out of this? Or just give me some guidance? I've never wanted to make a leap of faith more than right now. +I'm graduating from Vanderbilt University in May, and I've been accepted into a yearlong Master's program at Harvard Graduate School of Education. The program is a year long, and Harvard estimates the cost for the entire year to be $72,000. I already have $16,000 in student loan debt for undergrad and would have to borrow about $50,000 more to cover the cost for Harvard. Is it worth it? + +Some concerns: +I have no full-time work experience. +The program is a Master's in Education with a concentration in Language and Literacy, so not exactly a gold mine. +My original application was for PhD study in education policy, which is fully funded, but I was not accepted into that program. +My Bachelor's is in English and Psychology, so job prospects related to education are slim if I don't go. + +Thank in advance for all advice and suggestions. +After months of FUD and even that one guy who sold all his holding because he thought he was going to jail, India is finally taking a stance of not banning cryptocurrencies and will instead regulate it! + + +Nischall Shetty, Co-founder of WazirX, tweeted today about the details of how India is going to proceed with regulating cryptocurrencies. They will be forming a separate committee to discus this and will include major crypto leaders in regulation process. + + +Here are the key points for anyone interested: + + +1. Crypto classified as “Digital Assets” + + +2. Committee core is to “Regulate” Crypto + + +3. Government understands crypto is cutting edge, 2019 Bill outdated + + +4. Government wants to engage with industry + + +5. FinMin monitoring Crypto volumes in country + + +6. FinMin engaging with stakeholders to understand all supervisory risks + + + 7. Fresh panel to be formed + + +8. RBIs CBDC initiative to get a boost as well + + +9. Mr. Anurag Thakur might be part of the committee! +I just terminated a contract on a house. While the building and pest report was satisfactory, the property in question has large retaining walls so we went to the extra effort of getting a structural engineer in. They identified a failing 3m high wall on the property boundary that is right up against the neighbours house and supports the car port on the property we were going to buy. It would cost an absolute bomb to fix (easily 100k plus) and likely involve demolition of the neighbours deck. + +The agent selling this place is an especially slimy sort. We have caught her lying multiple times. She said another buyer before us terminated the contract as they couldn't get finance but I now have my doubts. My question is, she now knows about the structural engineers assessment. Can she still continue to sell the house as if she was oblivious to this? How can we warn other prospective buyers? +It seems like the most common barrier to entry is accredited investor status, but that has comparatively low requirements. That’ll get you past the basic requirements for HFs and syndicated real estate deals, but obviously if you’re on the lower end of the accredited investor range, you might not qualify for fund-specific requirements. There’s also qualified purchaser requirements ($5M+) which are quite a bit higher, but very few things I’ve looked at seem to require it. + +So what types of investments do the super rich get access to that we (“mere” accredited investors/7-digiters) don’t? +I initiated a rollover of my 401k account from an old employer to my current self managed IRA accounts. ADP sent me two checks, one with Roth contributions and the other with Traditional contributions. On Dec 14, I brought the checks to a different branch than I usually go to due to my local one having no bankers available due to Covid. + +The banker at the branch filled out transfer forms for both checks. One was to go to my Roth IRA and the other to my Traditional IRA. I have copies of the transfer forms (with correct account numbers) and copies of the deposit receipts (with the correct last 4 of the account numbers). However, only the Roth funds were deposited. + +I've tried calling the branch but they tell me all their bankers are busy and that they will call back when they can, but they never do. If they put me on hold, I get disconnected within a couple minutes. And if I try calling back, they won't answer. + +I've called other nearby branches to explain the situation and they've been friendly and somewhat helpful, but they told me they contacted the branch and couldn't get an answer for what happened. Their best guess was that a teller typed in a wrong number when making the deposit, and that I'd have to contact them to figure out how to fix it. I've called Chase customer service and they told me the same thing and that they see no pending transactions for the account the money was supposed to go to. My 401k account is zeroed out though. + +The problem branch is 40 minutes and a toll bridge away. I'm working 7 days week, so I would also need to take time off and lose money to go. Its just a headache and the lack of transparency makes me think I would waste my time by showing up. + +Who do I complain to for the quickest turnaround? Chase corporate? FDIC? +Shares of Apple hit their highest prices of 2016 on Monday as Samsung Electronics Co. Ltd.’s exploding-phone saga worsened and one analyst said Apple could sell millions of iPhones because of it. + +Samsung announced Monday afternoon that any Galaxy Note 7 devices that have been sold should be turned off, and said it was halting sales of the smartphone after replacements suffered a similar overheating issue to the original devices. Samsung had already decided to stop production of its Note 7 smartphone after several more phones caught fire over the weekend, telling MarketWatch that it was “temporarily adjusting the Galaxy Note 7 production schedule in order to take further steps to ensure quality and safety manners.” +http://www.marketwatch.com/story/apple-could-sell-another-15-million-iphones-because-of-samsungs-note-7-explosions-2016-10-10?siteid=yhoof2&yptr=yahoo +I know that concavity is a cardinal property since f(x) = x is concave, g(x) = x\^3 is increasing and g(f(x)) = x\^3 is convex. + +I also read (e.g., in Per Krussell's Real Macroeconomic Theory) that a concave felicity function implies that the consumer prefers a smoother consumption stream. + +This feels like a contradiction - is it? And if it is not, can you help me understand why? +I don’t understand why one currency is more valuable than another. If 1 USD can buy a candy bar, while 1.5 AUD can buy the same bar, then what’s the big deal? There are just more Australian dollars in circulation. I’m sorry, thank you for answering. +I just read this quote somewhere: + + > Our society could afford to feed everybody. We choose as a society to have a world where people starve, where food is not affordable, and where households are stratified socioeconomically into classes. + +Is this true? If so, why? + + +Edit: it has just occurred to me that perhaps this question doesn't really have to do with economics. My apologies, if that is the case. Please feel free to remove it. +Minimum wage laws are bad because they needlessly raise the value if labour above market prices and hurt profits. + +Of removing minimum wage laws would increase profits, then how would Enterprises respond to a law forcing them to share, say, 50% of their profits equally among all workers? + +It seems like a good compromise,because workers would only get compensated as long as the business is making a profit. +There are at least half a dozen posts on /r/investing every day that are the same theme. It is always someone finding a reason to justify why the market just 'has to' crash now. + +- Any index hits an all time high? Must be time for a crash! +- Some macro-level international political event occurs (ie, Brexit)? Must be time for a crash! +- Some macro-level domestic political event occurs (ie, Donald Trump)? Must be time for a crash! +- Any meeting related to the Federal Reserve and interest rates in the next 30 days? Must be time for a crash! +- Any commodity at a high level or low level (gold, oil, whatever)? Must be time for a crash! + +Stop it. You are all so bad at this (because retail investors in general are bad at it). It is the same posts year, after year, after year. ***Here is the thing: the market is cyclical, but it is not predictable. Try hard as you might to call the next crash, you will all be wrong 99% of the time.*** One of you will be right eventually, but no one knows who that will be or when that will be. Because no one knows when the next crash will be. Even when it occurs, ***there is no guarantee it will be a 2008-style crash with -50%+ drops in stocks. While those kind of crashes do occur, historically cyclical pull backs result in much more modest losses.*** + +I hope no one is taking actual investment advice from the people here trying to call a crash. Because look back, they've been making the same posts in 2012, 2013, 2014, 2015, and this year. They have all been wrong, and anyone listening to them has lost a lot of money. +I am planning to create a few LLCs to hold the properties I own. Main reason is to limit the liability. + +I understand that during LLC filing I can assign an agent which could be companies like Legalzoom or other lawyers who will charge a fee to be the primary agent and would forward any mail they might receive for the LLC while my name would be completely off the record in the LLC registry database. My name will only be there for IRS and other tax filings which are not publicly searchable. + +My question is - when I buy or sell a property using that LLC, the deeds will show the LLC as the owner but someone will still need to sign the closing docs. To keep my name off the title deeds and other documents, who can I assign to sign the closing documents. Would that be my lawyer or some other agent that can be assigned for this purpose? + [https://www.theguardian.com/business/2022/jun/10/uks-largest-lenders-no-longer-too-big-to-fail-says-bank-of-england](https://www.theguardian.com/business/2022/jun/10/uks-largest-lenders-no-longer-too-big-to-fail-says-bank-of-england) + +Nothing really to add myself, I just feel many people probably haven't seen what's going on here: + +See below: + +**It said three lenders – HSBC, Lloyds and** [**Standard Chartered**](https://www.theguardian.com/business/standardchartered) **– had to address shortcomings that could otherwise “complicate unnecessarily” their ability to fail safely. Each of the three lenders was found to either not have adequate financial resources, or proper data and measurements of them, in place to ensure they can absorb losses without putting public money at risk.** + +**Concerns were also raised over whether** [**HSBC**](https://www.theguardian.com/business/hsbcholdings) **could properly restructure the business in a way that would ensure services were still being provided while authorities helped wind down the lender. Standard Chartered was also singled out for failing to identify all the restructuring options available to it.** + +**Lloyds said it was already working on improving its ability to forecast and measure its financial resources, and HSBC said it was working with regulators to address the Bank of England’s concerns. Standard Chartered said it had put aside dedicated funding to make sure it was prepared for an orderly wind-down, saying this work was a “priority” for the bank.** + +HSBC and Lloyds are considered two of the British "Big Four" - the other two being Barclays and Natwest. + +This would of course, have massive reverberations in the financial markets if they was to fall. +EDIT 1 (9/25): Institutional ownership has decreased over the past year from a high of 147% (of outstanding shares) to a low of around 50% today. That being said, the 30-35 million share estimate in this post is based on institutional ownership as of 9/23 and may not be accurate going forward. **Increases** in institutional ownership would require **less** retail direct shares to reach the “high score,” while **decreases** would require **more** DRS. I've made a new post that breaks down institutional ownership over the last 4 quarters: + +[https://www.reddit.com/r/Superstonk/comments/pvc54v/computershare\_numbers\_institutional\_ownership\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pvc54v/computershare_numbers_institutional_ownership_and/?utm_source=share&utm_medium=web2x&context=3) + +End of EDIT 1 + +&#x200B; + +TL;DR According to Bloomberg data, retail would need to Direct Register 30M to 35M shares for all shares to be accounted for in ComputerShare (CS). This assumes the Institutions have their shares DRS'd, which appears to be the case based on Criand's post (link and diagram below) and other discussions. Of course, some or all of those Institutional shares are part of the float. I am only trying to determine the current number of DRS in CS and how many more are needed before the outstanding shares are accounted for. Presumably, after all shares are accounted for in CS, legal action could be taken since any shares outside of CS could be identified as phantom shares. + +Criand's post: [https://www.reddit.com/r/Superstonk/comments/ptp3a4/thought\_id\_make\_some\_bad\_charts\_for\_you\_visual/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ptp3a4/thought_id_make_some_bad_charts_for_you_visual/?utm_source=share&utm_medium=web2x&context=3) + +Criand's flow diagram: + +https://preview.redd.it/rgaz4p692cp71.png?width=1061&format=png&auto=webp&s=edfb7ac01b09f8aacc150079e44ed2d2af19a052 + +&#x200B; + +&#x200B; + +My understanding is that, while Institutional shares are part of the float, they are Direct Registered shares. The only non-DRS shares are those peddled by brokers to retail. + +According to Bloomberg (BB), total outstanding shares is 76.5M. Matt Furlong said 75.9M the other day, but let's use BB's numbers to be conservative. + +https://preview.redd.it/jx3lajb6vbp71.jpg?width=1914&format=pjpg&auto=webp&s=723667af00b35bd21c5e7dc19c91443ebf0f68e3 + +&#x200B; + +&#x200B; + +Institutional Ownership is reported as 50.9%, so that's 39M shares DRS'd by Institutions. According to BB, Institutions include Venture Capital, so RC Ventures' shares (9M) are included here. Inside Ownership is reported as 3.43%, so that's 2.6M shares held by insiders. + +https://preview.redd.it/owurzn6xvbp71.jpg?width=1914&format=pjpg&auto=webp&s=d6f9d1009e4f2e0a12eecd82ce63aa33764f513f + +&#x200B; + +&#x200B; + +Here are the current Bloomberg Institutional Owners. There are 400, so I'm only including the first page. Note that the top line (total) of BlackRock (BR) shows 4.7M shares; however, BR Advisors alone holds 5.4M. I don't know how to reconcile the difference. I've exported the data to Excel and the 50.89% number above (39M shares) does NOT include the 5.4M. If BR Advisors is included, Institutional ownership goes to 58% (44.3M shares). I present BR historical holdings in the next picture to suggest why 58% (44.3M shares) may be more accurate. + +https://preview.redd.it/eeceqebbecp71.jpg?width=1896&format=pjpg&auto=webp&s=90872b4a4296390a3cc057c206b6a578203ff08d + +&#x200B; + +&#x200B; + +Here's BlackRock historical holdings Q2 2020 to current. As mentioned, only the top line (total) in Q3 2021 (4.7M shares) is included under Institutional ownership total numbers. I have no idea why the 5.4M is not part of the top line. In every quarter shown below, the top line is always larger than the sum of the subsets - except in Q4 2020 when it's equal to the subsets (checked in Excel). + +https://preview.redd.it/3by7vkzy3cp71.jpg?width=1746&format=pjpg&auto=webp&s=644c20694e9f090e6ceb7832de2f498873724748 + +&#x200B; + +Here are the Insider holdings. + +https://preview.redd.it/04uzx9on1cp71.jpg?width=1160&format=pjpg&auto=webp&s=34c514b91c554428ab3f5a94ebe126731e5a4df4 + +According to Bloomberg, total outstanding shares is 76.5M. + +BloomBerg Institutional Ownership = 50.9% to 58% (39M to 44.3M); Bloomberg reports 50.89% (39M), but BR Advisors (5.4M) is not included. + +Inside Ownership = 2.6M + +Current DRS in ComputerShare = 41.6M to 46.9M + +Outstanding Shares - Current DRS = 34.9M to 29.6M + +So, if 30M-35M more shares are DRS'd, total outstanding shares would be accounted for in ComputerShare. + +&#x200B; + +Edit: "Bloomberg data" instead of Bloomberg to clarify. Can't change title +I genuinely love the company I work for. They treat us well, the benefits are decent, and they’re pretty good about maintaining work/life balance. + +That said, they underpay their employees (at least those whose salary I know) by about 15%-25% compared to the rest of the market. People stay because of the work environment, ease of commute, and overall company stability. + +I found out my direct coworker is leaving. It’s just him and I that do what we do, and what we do is essential to the company’s day to day functioning and profit. + +This means that for the foreseeable future, I’ll be picking up as much of his workload as possible. It could take months to hire someone else, and I’ll likely be responsible for much of their training once we do. + +Annual reviews are coming up in a few weeks. How do I best negotiate a larger than normal salary increase given the situation. My preference would be market rate salary, the option to work from home a few days a month, and perhaps an increased HOA match if that’s more palatable than a hefty salary increase. + +I’m used to renegotiating my salary, but this is new territory for me. I don’t want to come off as taking advantage of the company being between and a rock and a hard place, but I also want to maximize this opportunity and be fairly compensated for what’s going to be a challenging few months of extra workload and training. + +Anyone have any tips or guidance? Anyone done this successfully? +I know it's crystal balling, but what's everyone's thoughts around the stock market and a bubble? Do you think we'll see a major correction over the next 12 months? + +Thinking of buying a PPOR in 24 months, and not sure if a 6 figure deposit should be left in HISA or placed into VDHG. +I’ve been a long time lurker of this sub and have learnt a lot, whilst also learning to distinguish where poster scenarios can skew expectations. + +First and foremost. Congrats to all the people out there who hit the big time, through salary, inheritance or investment. + +My gripe consists of the cream of the crops in which “21yr old on 150k has $x - what should I do” being the new normal. I’d hate for this to come across to every “normal” person who reads this in the sub as benchmark for what’s occurring in reality. + +I’d love to see some realistic posts. Some actual clever ideas and some genuine discussion on how someone on 55k, 75k, 120k+ deals with with their own situation. + +So please do share in your situation, what do you do and why do you do it. +Mr Mark "The Lizard Alien" Zuckerberg just threatened he will shut down Facebook and Instagram for Europe due to the GDPR. + +Shutting down FB is honestly not that bad (aside of logins associated with it on other sites), but it clearly shows what CEO can do to you and how much power he can have. Now imagine if Google done the same - say, shutting down Google in China for whatever reason (oh wait)... + +This should be a lesson to everyone - centralized projects are a risk, no matter if it's so called crypto, banks, governments or various platforms. + +Having no CEO, presidents, ministers solves this. BTC solves this. +Some ideas I've heard of include: + +* Vending machines. +* Power washers. +* Drone photography. +* 3D camera (like real estate photography) +* Car for Uber counts I guess. + +I have some capital saved. And was wondering if there's equipment you can buy which then you can use to start a small business with regular income? + +Edited to add some good ideas shared by the group: + +* Rent fancy furniture to realtors for staging +* ATM machines +* Tankers and oil rigs +* Buying and renting out tools. +* Mini storage +* Renting out RVs +* Power generators +* Mining you-know-what +* Rent bouncy houses +* Rent out ice machines. +* Rent out vending machines, deer feeders. +I know we have been hyped for months. We thank DFV, RC, our awesome mods. Some famous Apes have worked hard on DD and even a recent famous Ape has joined us. But I really want to thank [The Greatest Ape](http://reddit.com/u/me) for all the shit posts, for all the encouragement and all the laughs over the past months. Thank you! +Guten Morgen to this global band of Apes! 👋🦍 + +Last week's energy seems to have propelled us through the weekend and is continuing strong into a new week. Apes continue to DRS at a stead pace, drawing their shares out of the DTC vaults and reducing the ammo that institutional shorts are able to short with. Friday was a big options date for GME, with an extraordinary number of Puts expiring worthless, but so far it seems that we haven't determined where those have been can-kicked yet. Is this something that we'll uncover this week? + +Today is Monday, October 18th, 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: **$181.43 / 156,38 €** *(volume: 1171)* +- ⬜ 115 minutes in: $181.53 / 156,46 € *(volume: 1140)* +- ⬜ 110 minutes in: $181.53 / 156,46 € *(volume: 1140)* +- ⬜ 105 minutes in: $181.53 / 156,46 € *(volume: 1077)* +- ⬜ 100 minutes in: $181.53 / 156,46 € *(volume: 1042)* +- 🟩 95 minutes in: $181.53 / 156,46 € *(volume: 1042)* +- 🟩 90 minutes in: $181.51 / 156,45 € *(volume: 1033)* +- ⬜ 85 minutes in: $181.27 / 156,24 € *(volume: 1017)* +- 🟥 80 minutes in: $181.27 / 156,24 € *(volume: 971)* +- ⬜ 75 minutes in: $181.32 / 156,29 € *(volume: 942)* +- 🟥 70 minutes in: $181.32 / 156,29 € *(volume: 936)* +- 🟥 65 minutes in: $182.30 / 157,12 € *(volume: 692)* +- 🟩 60 minutes in: $182.31 / 157,14 € *(volume: 692)* +- 🟩 55 minutes in: $182.24 / 157,07 € *(volume: 677)* +- 🟥 50 minutes in: $182.18 / 157,02 € *(volume: 674)* +- 🟥 45 minutes in: $182.33 / 157,15 € *(volume: 663)* +- 🟥 40 minutes in: $182.34 / 157,16 € *(volume: 646)* +- 🟥 35 minutes in: $182.80 / 157,56 € *(volume: 317)* +- 🟥 30 minutes in: $182.83 / 157,59 € *(volume: 283)* +- 🟩 25 minutes in: $183.05 / 157,78 € *(volume: 167)* +- 🟥 20 minutes in: $182.86 / 157,61 € *(volume: 165)* +- 🟥 15 minutes in: $182.93 / 157,68 € *(volume: 154)* +- 🟥 10 minutes in: $183.05 / 157,78 € *(volume: 145)* +- 🟥 5 minutes in: $183.11 / 157,82 € *(volume: 144)* +- 🟩 0 minutes in: $183.28 / 157,97 € *(volume: 127)* +- 🟥 US close price: $183.28 / 157,97 € *($183.33 / 158,02 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1602. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +So a little backstory. My wife and I lived in FL, Had a kid. When my kid was three, she was diagnosed with leukemia. At this point my wife never went back to work for obvious reasons. We had decided for her to go back somewhere between 2-3 years old but the cancer meant it wasn't possible. I was making about 50K+ a year. This was mostly because of mandatory overtime. We were "ok" with finances, but I couldn't afford the medical bills so they simply stacked up. We decided to move to SC about 6 months before my daughter was done with treatment (she was in her last bit of maintenance phase of chemo so it wasn't as difficult a time) to be closer to my wifes family since my family isn't much of a family. Financially it looked fine on paper. We would even save money. I was going to transfer jobs to a new location, with a small promotion. This was the biggest financial mistake I ever made. + +After moving, while the rent was cheaper, the utlities were upwards of 300-500$ a month. I was used to paying 100-150 a month roughly year round. The amount of driving we were having to do, i was spending nearly $250 a month in gas alone. And then the job. At first they gave me "Oh we need you in [insert grunt work position] for a few weeks until the new position opens up". And then the first paycheck hit. It was FAR lower than my normal paycheck. I immediately went to the payroll lady. Come to find out, I was being paid $2.50 less an hour than what I was making in FL. I told them I was not informed of a pay decrease. Why on earth would I take a job that pays LESS than what I was making? They said it was "cost of living adjustment from the pay in FL". I complained and complained. It fell on deaf ears. Three months in, still no change in job or pay. After about my first month, my hours started getting cut down. I was being made to do stupid random jobs that a monkey could do. Some days working only 6 hours. I was used to working 50-60 hours a week. And then using me as a "backup" incase someone didnt show up. While this is going on, I started having to use my credit cards to get by. + +After 6 months at the job I finally left for another job. Making about the same amount as when I left. At this point, my pay had gone from 50K+ in FL to about 38K. It's been almost two years since we moved, and we finally decided to let the cards go about three months ago when we moved into a new place. It's much smaller and a lot better on the bills. We are finally about breaking even now. My pay has gone up a little, although im only making about 40K. Though we can't save anything. My wife started doing some cleaning on the side. Right now only 1 client, once a week at $40. My daughter is in remission and is doing fine. + +But..we ran up about $14,000+ in credit cards and I have about $35,000 in medical bills. There's no way I can ever pay back that amount. My wife can't work full time, or even part time that can work around my daughters school schedule. So her finding a "normal" job right now is out. + +We decided to look into two things. Debt consolidation (which im not hopeful for) or bankruptcy. Does anyone know what I can expect from going the bankruptcy route? What unforseen restrictions are there? I have zero experience with bankruptcy. The only understanding I have is that you pay a lawyer to do it for you, and it wipes all of your debt away but you are unable to get any kind of credit for five years? But that just sounds too easy. I know it's got to be more complicated than that? +Seriously, I once had $700 in my bank account last year. I was living in a cockroach infested apartment crammed with 5 other people and just started a higher paying job. + +My boyfriend just dumped me 3 weeks ago and it feels like my heart is being ripped out, but I'm also thankful. Now that I'm single I don't have to financially spend so much on dates, investing in him, etc. I saved more money this month. I'm thankful I didn't move in with him and trap myself in a situation. + +I'll keep saving and building up my life. +A driver ran into my car. It is clearly his fault and he admitted at the scene. He put in a claim with his insurance company and admitted fault to them as has 3rd party insurance. I confirmed with his insurance company that they agree with the liability and they said "all good, they just have to pay excess before we can arrange repairs to your car". His insurance company is totally on our side on this. +Here is the problem. Two weeks later and they still haven't paid the excess even after the insurance company has send multiple requests. I'm pretty sure it is not because they can't afford it, they are just being slack or difficult. + +So what can I do here? Can they just keep refusing to pay forever? Can the insurance company force them? +The Supreme Court will hear arguments today from Goldman Sachs and from pension funds over a claim that the Wall Street giant misled investors about its work selling complex debt investments in the prelude to the 2008 financial crisis. In its latest brief, Goldman makes an interesting argument: Investors shouldn’t rely on statements such as “honesty is at the heart of our business” or “our clients’ interests always come first” that appear in S.E.C. filings and annual reports. + +NY Times Deal Book newsletter + +[https://www.nytimes.com/2021/03/29/business/dealbook/credit-suisse-nomura-archegos.html#:\~:text=Goldman%20warns%20of%20investor%20'guerrilla%20warfare'&text=filings%20and%20annual%20reports.,over%20claims%20of%20investment%20fraud.&text=Goldman%20has%20argued%20in%20its,providing%20%E2%80%9Cserious%20legal%20arguments.%E2%80%9D](https://www.nytimes.com/2021/03/29/business/dealbook/credit-suisse-nomura-archegos.html#:~:text=Goldman%20warns%20of%20investor%20'guerrilla%20warfare'&text=filings%20and%20annual%20reports.,over%20claims%20of%20investment%20fraud.&text=Goldman%20has%20argued%20in%20its,providing%20%E2%80%9Cserious%20legal%20arguments.%E2%80%9D) +Perhaps at some point we could start a new sub-reddit on tax implications. As much as I hate to pay taxes I also know that my chances of being audited are probably increasing and the penalties for getting my taxes wrong could erase all of my windfalls in crypto. Basically, I took $1,000 three years ago and bought Bitcoin. A little over two years ago I took 11 Bitcoin and bought 22,000 ETH. I have realized gains of $300,000 with my original $1,000 investment. + +Ultimately, I will have to become a pro-active tax payer staying up with all tax consequences if I am to be prudent to protect my family from bad decisions. + +Think I am just going to go ahead and send in $50,000 in September just to be safe. + +Any thoughts would be appreciated. We are the "CPA's" of crypto ....... saying "consult your tax advisor" ..... is inadequate .... anybody in here can help each of us as a responsible community to aid in the real nuts and bolts realities all of us are facing. + + + +Max Keiser has repeated his cringe fest from 2021 where he shreds USD notes for his audience to make his point that fiat is worthless. Imo if you have to come to this level to make your point, you have already lost. This does nothing but fuel more hate, anger, resentment towards crypto bros, especially when so many are working towards making crypto inclusive to all irrespective of their financial conditions, yet prime spots are being given to clowns who shred USD bills. 13% of Americans live below the poverty line, 74% of Africans live below the poverty line. Showing them notes being shredded is a great way to win them over.. NOT! + +[Max Keiser is the perfect example to show money can never buy class. ](https://preview.redd.it/1t7kd8mbovs81.jpg?width=1170&format=pjpg&auto=webp&s=279900ec3d2cccb45f83c9a102f63bdb6d442e4d) + +Not only is it a shitty way to make any argument, it is also illegal - Section 33 of US Criminal Code prohibits defacement of currency notes with jail term for offenders. Exhibitions like Bitcoin Conference are giving airtime and promoting clowns who act in utter defiance of established laws. Im sure this is gonna go down well with all those who already accuse crypto of enabling criminals. + +Him from 2020 is the cringiest video ever relating to crypto: [https://www.youtube.com/watch?v=3Bh3ObPjcFE](https://www.youtube.com/watch?v=3Bh3ObPjcFE) + +There is just no reason these ass clowns should be given time or credibility over people like Andreas Antonopolous who actually work towards educating people on crypto. +There is a free semester of college level, Blockchain/Bitcoin knowledge available in a 20+ part, 1 hour YouTube classroom. It’s called “Blockchain and Money”. I won’t post the link, but enter “MIT OpenCourseWare Bitcoin” and you’ll find it. I’m on lesson 3 and it’s (surprisingly) not too advanced to understand and I’d recommend it for beginner, intermediate and advanced cryptocurrency enthusiasts. The class takes place in 2018, after the last market cycle peak and is still very relevant. It’s amazing you can experience this opportunity online without going to MIT or paying for it. I find myself leaving it on while doing housework or laying around outdoors. + +If you’re still not “sold”, here’s some interesting points. + +1) The class is taught by professor Gary Gensler. You may (now) know him better as the Chairman of the U.S. Securities and Exchange Commission (SEC) + +2) Sitting in the class is Silvio Micali, a computer scientist and founder of Algorand. EDIT: I’ve also been told by a commenter that one of the founders of Zcash was in the class, but I haven’t confirmed. + +3) Also making visits to the class is Larry Lessig who is the Roy L. Furman Professor of Law at Harvard Law School and the former director of the Edmond J. Safra Center for Ethics at Harvard University + +4) This is same information taught to countless numbers of some influential (and soon to be influential) people in the cryptoverse. + +Check it out! +I have stock market data going back to 1825. That is 197 years of data to analyze. During this period, there have been 54 years where the total return was negative. Of those 54 years, 25 were correction years, and seven were bear markets. The question here is, what happens the next year? This is what the data tells us. + +* 13 times in history we had a negative year, and the following year also saw losses. +* The average loss during a down year is -11.9% +* The average return following a down year is 9.2% +* The last time we had back-to-back negative years was during 2000-2002. Before that, it was during 1973-1974. +* The largest return after a down year was 53% in 1954. +* The worst return after a negative year was in -44% in 1931. +* The worst period for losses was 1929-1932. + +My tepid prediction is that 2023 will see positive returns, but less than the historical 10%. Just spitballing. +TLDR: + +>!A new $2B private fund is being started by Blue Owl Capital... Blue Owl Capital has ties to Citadel. So, if Blue Owl does well, Citadel stands to make potential profit with 2,524,323 shares remaining.!< + +(Click on grey area to reveal) + +So, I was browsing in Bloomberg this morning and came across the below article, and immediately my spidey senses went off. + +&#x200B; + +[https:\/\/www.bloomberg.com\/news\/articles\/2022-05-02\/blue-owl-starts-a-2-billion-private-credit-fund-for-wealth-push ](https://preview.redd.it/z50o78dxl3x81.png?width=832&format=png&auto=webp&s=eb45d3eab0bed3df8993e96772dd5055164219e2) + +&#x200B; + +# Let's start with the obvious. "Who is Blue Owl Capital?" + +&#x200B; + +According to their website, "*Through experience, scale, and the pursuit of excellence in everything we do, Blue Owl is a leading provider of capital solutions to the private market ecosystem. Our flexible, consultative approach helps position us as the partner of choice for businesses seeking capital and liquidity solutions to support their sustained growth*". + +Blue Owl Capital is a NYC-based firm with over $94 billion in assets under management, and nine offices in North America, Europe, and Asia + +Review of the [September 2021 Blue Owl Investor Presentation](https://s27.q4cdn.com/355734806/files/doc_presentations/2021/09/Blue-Owl_Investor-Presentation_2Q21-vFINAL.pdf) shows the firm is actually a strategic combination of Owl Rock and Dyal. + +&#x200B; + +https://preview.redd.it/6ylsh3hkt3x81.png?width=1070&format=png&auto=webp&s=f424ea659c4de794ee90a0b3a3886412b6f484f2 + +&#x200B; + +https://preview.redd.it/3w209lv0u3x81.png?width=1128&format=png&auto=webp&s=9fc502d9c14b6974b0048613211ec3cdf6b94b8a + +&#x200B; + +https://preview.redd.it/cr66ciivv3x81.png?width=1080&format=png&auto=webp&s=f6534acd4116fd9d2c160072bbb00d58b4baaf25 + +# The Ties That Bind... + +&#x200B; + +* A December **2018** [Baffler.com article](https://thebaffler.com/latest/benefactors-and-malefactors-wimbish) discussing the benefactors and malefactors of the Whitney Museum, they provide some of the "distinguished" trustees of the Museum. + +&#x200B; + +https://preview.redd.it/nanc1efmw3x81.png?width=773&format=png&auto=webp&s=96352d8325e2cba1bbfcd777dc345b0ad973768f + +The article goes on to say "*These are the ultra-wealthy and ultra-connected people who make it onto museum boards because they are the biggest donors*". + +&#x200B; + +https://preview.redd.it/2dpy8a16y3x81.png?width=401&format=png&auto=webp&s=63750dfe927fec66d88db4ce2aa779afb79d4ce8 + +&#x200B; + +* According to Security Software Engineer's Alex Levinson's [blog](https://alexlevinson.wordpress.com/page/2/) exposing collusion, we see that both Ken Griffin and Marc Lipschultz were both donors to the main Romney SuperPAC, Restore Our Future, Inc in 2010; $1.1M and $50K, respectively + +https://preview.redd.it/8b3hglyy14x81.png?width=715&format=png&auto=webp&s=c34d6dfd386f04d5612a0142f73cfec7c5d8d8b5 + +https://preview.redd.it/c6njhziz14x81.png?width=737&format=png&auto=webp&s=11494145c6262eeed9dd35b511dceb3e9d86a028 + +&#x200B; + +* I was not able to find anything in the brief searching I did for a connection between Michael Rees and Citadel, but a previous DD I wrote--[Citadel Clearly Has Been Ambition For The Crypto Space, But To What End? There Is Clear Cut Evidence They are Entering The Space, Based On Recent Investments, And Go As Far As To Recruit From and Sponsor Events at MIT. Only Time Will Tell What Their Motivations Are, But This Is Worth Discussing...](https://www.reddit.com/r/Superstonk/comments/syczi5/citadel_clearly_has_been_ambition_for_the_crypto/?utm_source=share&utm_medium=web2x&context=3)\--shows a clear link between Citadel and MIT, and guess where Rees went to school?? + +&#x200B; + +[https:\/\/www.linkedin.com\/in\/michael-rees-9260645\/ ](https://preview.redd.it/tgz3ywmc34x81.png?width=799&format=png&auto=webp&s=97318a14abdf3f57c464f5be44e9aaae61bd8ac3) + +&#x200B; + +* [FormWhispers.com](https://formwhispers.com/f?k=DQ4RM9&t=5&q=2019Q1&b=3&p=3) appears to show 2019 filing information for Ken Griffin shows ownership of TPG Specialty Lending bonds, where Alan Kirshenbaum served as Chief Financial Officer from Aug 2011 - Oct 2015, according to his [Linkedin profile](https://www.linkedin.com/in/alan-kirshenbaum-53b4564/) + +https://preview.redd.it/usjwt9km64x81.png?width=866&format=png&auto=webp&s=5d2ed39bc83967681affb45ae6eeeef81ba07409 + +&#x200B; + +# Okay, so back to Citadel... + +&#x200B; + +Fintel data shows us that Citadel currently holds options on Blue Owl (both calls and puts)... + +[https:\/\/fintel.io\/so\/us\/owl ](https://preview.redd.it/kmnzhas8m3x81.png?width=1430&format=png&auto=webp&s=214829176a13d40e655644e9d3a3f3dace65432c) + +as well as shares... + +[https:\/\/fintel.io\/so\/us\/owl\/citadel-advisors-llc ](https://preview.redd.it/yf0ec33pm3x81.png?width=1101&format=png&auto=webp&s=4a4f3bd145a338a7ba7b7325d707cd66628e4dfd) + +&#x200B; + +[https:\/\/fintel.io\/so\/us\/owl\/citadel-advisors-llc ](https://preview.redd.it/cuthbht4n3x81.png?width=1440&format=png&auto=webp&s=7d7b0eb98618719857aac30896b8c2df74a66f61) + +&#x200B; + +# Citadel is a Selling Holder... + +&#x200B; + +Review of Blue Owl Capital's S-1 shows us that Citadel Multi-Strategy Equities Master Fund Ltd was granted 3,000,000 shares as a selling holder. + +Wait.... "**Selling Holder?? Wut Mean??**" + +&#x200B; + +"***SELLING HOLDERS*** + +***This prospectus relates to the resale by the Selling Holders from time to time of up to 1,333,380,998 shares of Class A common stock.*** ***The Selling Holders may from time to time offer and sell any or all of the shares of Class A common stock*** *set forth below pursuant to this prospectus and any accompanying prospectus supplement. When we refer to the “****Selling Holders” in this prospectus****, we* ***mean the persons listed in the table below***\*, and the pledgees, donees, transferees, assignees, successors, designees and others\* ***who later come to hold any of the Selling Holders interest in the Class A common stock other than through a public sale.*** + +***The following table sets forth***\*, as of the date of this prospectus, the names of the\* ***Selling Holders***\*, the aggregate\* ***number of shares of Class A common stock held*** *by each Selling Holders immediately prior to the sale of the shares of Class A common stock in this offering,* ***the number of shares of our Class A common stock that may be sold by each Selling Holder*** *under this prospectus* ***and*** *the* ***number of shares of Class A common stock that each Selling Holder will beneficially own after this offering***\*; in each case, including Shares of Class A common stock that may be issued in respect of Blue Owl Operating Group Units and Seller Earnout Securities currently outstanding.\* + +***We cannot advise you as to whether the Selling Holders will in fact sell any or all of such shares of Class A common stock. In addition, the Selling Holders may sell, transfer or otherwise dispose of, at any time and from time to time, the Class A common stock and warrants in transactions exempt from the registration requirements of the Securities Act as of the date of this prospectus***". + +&#x200B; + +As we can see on [PrivateFundData.com](https://privatefunddata.com/private-funds/citadel-multi-strategy-equities-master-fund-ltd/), we can see that Citadel Multi-Strategy Equities Master Fund Ltd is a hedge fund managed by Citadel Advisors. + +&#x200B; + +https://preview.redd.it/5mnpntyy94x81.png?width=811&format=png&auto=webp&s=b3c83eee09158f6b0e2b7f00c14d74595d9ea525 + +Further review of the S-1 document reveals to us that Citadel has sold 475,677 shares of the 3,000,000 shares they were granted as a selling holder + +&#x200B; + +[https:\/\/sec.report\/Document\/0001193125-21-193553\/](https://preview.redd.it/ey77z2i1o3x81.png?width=1226&format=png&auto=webp&s=5000f248d1391f5b95f09c30f5923413e06f8e01) + +&#x200B; + +"**What is an S-1?**" + +Form S-1 is an SEC filing used by companies planning on going public to register their securities with the U.S. Securities and Exchange Commission as the "registration statement by the Securities Act of 1933" + +&#x200B; + +.....So, it would appear Citadel is financially motivated for Blue Owl to be successful... +I've been a free market guy for a while. I always knew the problems that existed in our current monetary system, but I never knew the answer. + +I think bitcoin has the power to be very disruptive and I can't wait until my bitcoin arrives! I already have a secure cold storage address to store them in :) +I want to break into Cybersecurity, and even though being a Call Center Analyst doesn’t have many IT tasks, it’s a start. I hope after a few weeks I’ve shown my manager that I’m competent, and he can sign me more work that is closer to Cybersecurity. I wish the pay was higher, but I’m thankful I’m living at home so I can save most of the money. I will also be piano tutoring for 5 hours a week, and at my rate, that will be an additional $1k a month. I’m very happy and this only motivates me so I can move up and get a higher paying job +&#x200B; + +[Title page of Whitepaper](https://preview.redd.it/dt8wkru28q181.png?width=752&format=png&auto=webp&s=3d30900bd82a8c0f5ee4fd98fdd89efcd2f88558) + +I haven't heard much talk on this lately, so I thought I would bring it up for the new Apes. Matt Finestone has a lot of reasons to be steering GameStop towards a Loopring partnership, not least of which is the fact that he wrote the f\*&%$@# book on it. + +Link to Whitepaper below. I recommend reading it, even if you have never read a Whitepaper before. This doesn't have much heavy maths, and it talks about a lot of the things we are discussing in this forum, such as not being able to trust central exchanges/brokers with our tokens/shares. + +[https://loopring.org/resources/en\_whitepaper.pdf](https://loopring.org/resources/en_whitepaper.pdf) +https://christopherdavid.co/in-the-spirit-of-transparency-e8037d9a0bfd#.grqd5sfoy + +Apparently they are abandoning the Arcade City name (and CD isnt too happy) Would have been a smart move to do before the token sale ended, after taking the money it seems....scammy. + +Besides entertainment value, I thought it's worth posting because they apparently plan to do a new token sale. + + +http://imgur.com/a/bUEqR + +Christopher David apparently owns the FB page, the intellectual property AND plans to shut down their website +Calling on user u/VoltaireChimera, who has been spreading a ridiculous amount of FUD in r/ethtrader. Without a doubt, the most downvoted user this sub has ever seen. If you come across their biased, ridiculously negative, and uneducated comments, please do yourself a favor and ignore them. + +I am all for freedom of opinion and voice, but blatant trolling to this level should not be tolerated. The truth is, there are many new and vulnerable investors in this space, and it’s irresponsible to allow someone like this to try and manipulate this aggressively. + +The mods should actually ban them for trying to manipulate prices as that is clearly the intention. Below is just a sample of their recent comments IN THE PAST 24 HOURS during the dip and before the recovery. They have since deleted many others: + +**My Personal Favorite**: I'm collapsed on my bathroom floor right now, sick to my stomach, vomiting into the toilet. Whole body won't stop shaking violently, WHAT THE FUCK IS GOING ON?!?! Some of us have EVERYTHING IN ETHEREUM!? Where the FUCK is your confidence now?! This shit was supposed to be a revolutionary technology that would change the world. LIES. + +* New normal is now the 750-850 area. It does not belong at 950. So get ready for the hourly drop. + +* The floor has got to be: + +$1000 + +$900 + +$800 + +$700 + +Uh, yeah! * gulp * The floor is definitely $700 this time guys! For sure! + +Yeah nah, for serious tho, this shits dead. GTFO and maybe come back in when it goes below $100. + +* This is simply unprecedented. + +I would get out now. It's fallen through every support level so far. No telling how much further it's gonna drop. At some point you have to wake up and shake off the lunacy of the stupid memes, "hodl", and other meaningless platitudes. The whales (80% of ETH is held by 1% of people) have obviously sold their shit, they know something we don't. Move with the smart herd and get the fuck out of dodge before you get eaten by a lion. + +* I would get out now and protect whatever your initial investment was... if you haven't lost that yet. It's fallen through every support level thus far, no telling how much further it's gonna drop. + +* Every time I think we hit the floor, it just keeps going lower and lower. It's getting insane. Dropping by $10 every 30 seconds when I refresh the page. + +Jesus fucking christ, when will this stop!? + +* Nah, the fundamentals have changed immensely. This crash is an existential death blow to cryptocurrency as a whole. There has never been a drop as steep and dramatic as this. This is lights out. + +* It's over dude... it's over. + +Cash out what little you have left and go home. The cryptocurrency experiment is over. They'll make a movie about this in a few years like The Big Short and you can analyze it all with hindsight then. + +* Blockchain technology has proven itself to be unreliable, costly, and worst of all-- met with severe backlash from governments. + +The game is over. Cash out what you have left and go home. They'll make a movie about this, just like The Big Short, in a few years and you'll curse yourself for being one of the idiot masses. + +* Because this shit is a fraud. A made up invisible "thing" that's supposedly worth money, for some reason. We all got scammed. + +Sooner you can admit that to yourself, the sooner you can liquidate all your crypto holdings and peace out of this bitch. + +* Do you realize what you're playing with here?! These are not stocks. There are no shareholders, no board of directors, no SEC, no Wall Street. There is NOTHING to prevent this from freefalling straight to $0. We are NOT getting bailed out if that happens. We can't even burn ETHs or BTCs for fire like they do in Africa when their money turns worthless overnight because this stuff isn't even on paper. + +* Mods, we need a megathread on the topic of this crash, now. + +Would be wise to sticky the suicide hotline phone numbers up too. + +We also need an emergency press conference from Vitalik, Satoshi, and others within the hour. We need fucking ANSWERS to this NOW. + +* Today pretty much proves cryptocurrency is a fraud, a scam. Wake up and dump all your coins before they're truly worth $0. + +* Yeah nah, if it drops below $1000 it is absolutely over. I will be liquidating 100% of my crypto holdings and moving back into stocks/index funds. + +* If you haven't started panicking yet, now would be the time. + +* If you all thought the $1400 to $850 drop was bad, just wait for what's coming. +The crypto bear is about to rip you a new asshole when we're staring death in the face at sub $100 levels. + +* If it falls below $1300 we are absolutely fucked. + +* Recent post [Medium term outlook, not looking good. Buckle up and prepare to dive to a depth of $400 before we come back up for air.](https://www.reddit.com/r/ethtrader/comments/7r3j9f/medium_term_outlook_not_looking_good_buckle_up/) + + +**Mods, please ban this clown out** + +Edit: not sure why the formatting is like this. I tried to create bullets using (*, space). Updating format is not sticking. + +Edit 2: I meant u/VoltaireChimera in title and not r/VoltaireChimera. Can't change. +At $260, ETH's market cap is $24 Billion. What are the possible RANGEs for ETH to be in 10 years? For me, if we assumed in the next 2-4 years, more developers and companies slowly develop products and services, I would imagine we really gain traction as far as ETH and blockchain usages in the next 4-6 years. So value would presumably really mount before year 10. If by year 10, we assume that ETH became 80% of what it was expected of it as far as the internet 2.0 and majority of companies (>50%) has some form of minimal usage of the public blockchain (dApps, smart contracts, e-tickets, housing contracts), I think it SHOULD be at least x15 which would make the ETH market cap 360 Billion. I don't think we can immediately count on the fact that ETH will x50 and x100 so easily just because the starting point from today is already 24 Billion - not exactly peanuts. + + +So my guess is anywhere from x15 to maybe x25 which would make it 360 billion to 600 billion or $3900 to $6500 per ETH. I think these are realistic numbers, I don't think there's an easy case to say x50 or x100 from here unless we see more and more evidence. + + +Thoughts? +Hi everybody, +I take maybe 2-3 trades per day. Not many. For these trades I sit sometimes for hours in front of charts, some days I don’t even finde a single good setup. Is this normal? How is it for you guys? How long do you sit in front of charts, doing nothing? +["Everyone agrees that it’s appropriate to divide the **space** of a portfolio between different asset classes,"](http://www.philosophicaleconomics.com/2016/01/movingaverage/) i.e., dividing your portfolio between different asset classes (e.g., 60% stocks and 40% bonds). However, it remains controversial to divide the **time** of your portfolio between different asset classes as market conditions change, also known as market timing. It is an alternative to maintaining a singular asset allocation over time (or changing your asset allocation in response to non-market conditions, like your age). Despite its poor reputation, the data show that market timing beats time in the market (at least since 1871). + +The premise of the strategies discussed in this post is simple: things that are trending down tend to keep trending down, and vice versa. I won't get into why this is true (though as I've [written about previously](https://www.reddit.com/r/investing/comments/4rugv1/what_wilt_chamberlain_can_teach_you_about/), investors aren't rational, and tend to panic sell during a down trend and pile in during an up trend), just that following market trends has been beneficial since 1871. It's the premise behind trend following, which has been practiced for [hundreds of years](https://www.google.com/search?q=david+ricardo+trend+following). (Disclaimer: these strategies are not new and not my own). + +The scope of this post is the US market, specifically the S&P 500 index and the 10-Year Treasury Bond ([GS10](https://fred.stlouisfed.org/series/GS10)). Historical data was obtained from [Professor Shiller](http://www.econ.yale.edu/~shiller/data.htm) (most well known for [CAPE](https://en.wikipedia.org/wiki/Cyclically_adjusted_price-to-earnings_ratio)). Total return (including dividends) is used for the S&P 500 and monthly returns for 10-Year Treasury Bonds (Long Government Bond pre-1953) are calculated using Professor Damodaran's [methodology](http://www.stern.nyu.edu/~adamodar/pc/datasets/histretSP.xls) (which isn't 100% correct, but is close enough). The strategies are rebalanced at the first of every month. And by the way, I'm only calculating [Sharpe ratio](http://www.investopedia.com/terms/s/sharperatio.asp) after 1934 because the risk free rate I'm using is the yield on the [3-month Treasury Bill](https://fred.stlouisfed.org/series/TB3MS). + +The two strategies both use a [simple moving average](http://www.investopedia.com/terms/s/sma.asp) (SMA) and are described below: + +* SMA(10) - When the price of the S&P 500 index closes below it's 10-month (200-day) SMA, sell the S&P 500 index (stocks) and buy the 10-Year Treasury Bond (bonds). Keep holding bonds until the price of the S&P closes above it's 10-month SMA. +* SMA Cross - When the 50-day (2.5-month) SMA of the S&P closes below it's 200-day SMA (also called the [death cross](http://www.investopedia.com/terms/d/deathcross.asp)), sell stocks and buy bonds. Keep holding bonds until the 50-day SMA crosses above the 200-day SMA (also called the [golden cross](http://www.investopedia.com/terms/g/goldencross.asp)). + +These two strategies will be compared against buying and holding each of the following asset allocations: + +* 100% stocks (again, total return of the S&P 500 index, including dividends) +* 100% bonds (10-Year Treasury Bond) +* 63% stocks & 37% bonds (it turns out that since 1871, both of the SMA strategies are in stocks about 63% of the time and in bonds about 37% of the time, so I thought this would be a more interesting comparison) + +[Market Timing Strategies - Statistical Comparison \(1871 - 2017\)](https://imgur.com/L9dVKGU) + +[Marketing Timing Strategies - Growth of $100 \(1871 - 2017\)](https://imgur.com/Z2sUhkz) + +Obviously, these strategies have worked very well historically. The returns by decade are shown below. + + +[CAGR by Decade for Market Timing Strategies \(1880s through 2000s\)](https://imgur.com/RaB5GZD) + +The only decade where the S&P 500 Total Return outperformed both market timing strategies was the 1990s. Below are charts showing how the CAGR, Sharpe ratio, and maximum drawdowns (from starting year to 2017) change as the starting year changes. + + +[CAGR vs Starting Year for Market Timing Strategies \(Starting Year to 2017\)](https://imgur.com/m1xdQ19) + +[Sharpe Ratio vs Starting Year for Market Timing Strategies \(Starting Year to 2017\)](https://imgur.com/wzbHSa1) + +[Max Drawdown vs Starting Year for Market Timing Strategies \(Starting Year to 2017\)](https://imgur.com/0lNrx72) + +These charts tell the same story, with the market timing strategies leading the pack regardless of the starting year. The max drawdown chart is interesting because you can clearly see recessions and how each strategy performed by the magnitude of the drop. + +Speaking of drawdowns, the 100 largest drawdowns of the S&P 500 Total Return and the corresponding drawdowns of the market timing strategies are shown below. + + +[100 Largest Drawdowns of the S&P 500 Total Return and Corresponding Market Timing Strategy Drawdowns \(1871 - 2017\)](https://imgur.com/HcydXuE) + +The data depicted was not organized for individual recessions, so there is some overlap and misrepresentation. The raw data with associated dates is [here](https://imgur.com/rkUfLUE). + +Saving the best for last, the base rates for the strategies are below. + + +[Base Rate Comparison for Market Timing Strategies \(1871 - 2017\)](https://imgur.com/jiu5tXO) + +These base rates tell you what % of time each strategy has resulted in a positive (1-, 3-, 5-, or 10-year) CAGR. For example, for 3.4% of the rolling 10-year time periods between 1871 and 2017, you would have lost money (return less than 0%) by being invested in the S&P 500. Or, there was an 89.9% chance that you'd have a positive return on a 10-Year Treasury Bond during any given year between 1871 and 2017. + +Base rates can be very helpful psychologically; knowing how often a 3-year losing streak has happened in the past can provide a frame of reference when trying to decide to change strategies or stick with it. + +Using more powerful tools, these strategies can be tested and implemented with more recent data. Below are results for both strategies using SPY and IEF from 1999 to present. (I know that IEF was only introduced in 2002, but the site I use has extended the price for this and many other ETFs backward to maximize usefulness in backtesting). + + +[Detailed Statistics for the SMA\(10\) Market Timing Strategy Using SPY & IEF \(Jan 1 99 - Sep 18 17\)](https://imgur.com/PQvOdiv) + +[Detailed Statistics for the SMA Cross Market Timing Strategy Using SPY & IEF \(Jan 1 99 - Sep 18 17\)](https://imgur.com/BKpyOQe) + +Switching out ETFs (e.g., SHY to short the market instead of IEF, just going to cash, using a more bullish ETF), using exponential moving averages instead of SMAs, combining market timing indicators, implementing these timing rules into other portfolios (stock or ETF), and many more permutations are all things to explore. + +Future posts include more market indicators as well as economic indicators (such as unemployment rate, and how well it's worked since 1948 when it was first published) that can be used to help inform your investment decisions. + +I recommend [further reading](https://www.aqr.com/-/media/files/papers/aqr-a-century-of-trend-following-investing.pdf) by people smarter than me, if you're interested. + +edit: thanks for the gold! +Best RSI and MFI indicators (1 hour windows) since August 9th, a few days ago. This would make for a good trade to hold for 48 hours, minimum. And yes, this is not a meme, chart analysis, or some fluff news... just an actual trade recommendation. Weird, right? Oh, and if unsure what to do after you buy you can set a sell limit order at a conservative 20% profit, so that is $360 or so depending on your entry point. +I moved to a new area. $40K a year salary. $88K saved. I lived with my parents for a long time then stayed in a house with friends and would throw them a couple hundred every month. It worked because there were a ton of people living there. + +I decided I really want my own place just me, no roommates. Now I have never full on rented an apartment or messed with housing. + +I make $40K a year, have $88K saved up. I’m 28. Live in Austin, Texas. + +The cheapest apartment available is $1,200 a month. Any advice? +Our school district declared they would be 100% virtual this fall due to rising COVID cases. Husband and I still work, so our 6 and 7 year old will need help (or I retire now). While we're in a good financial position, I was hoping to keep working until COVID settled down. + +Has anyone hired a governess or home teacher? What do you look for? Would you use an agency, or search on your own? +See how much crazier it is gone by now.Many here wanted to go for real estate investments. I did too, but looks to me not right time at this stage. + +The shack is selling at 1.5M and I do not wonder if it goes at premium price (Google, Facebook..and other tech hqtrs are nearby). + +https://www.redfin.com/CA/Mountain-View/59-Devonshire-Ave-94043/home/620844 + +Look at the pictures, home is selling for land value only ! +\*also posted this on r/AusProperty\* + +Hi all, need some help here. I'm keen to buy a particular property, but there's a few very odd things going on. Firstly: + +The agent told me yesterday during an inspection: **"the vendor has accepted an offer, and the buyer has paid the 0.25% deposit earlier this week." -** i thought this was illegal? if the buyer has paid the deposit, why would they allow more inspections? + +I asked him this and his response was: **"they want to see if there are any potential higher offers out there before exchanging contracts. if you want this property you'll need to come in with a very strong offer with a contract already signed."** + +If a buyer has paid a deposit and you've accepted the offer, why would you delay exchanging contracts? + +A few extra bits of info: + +1. the property has been on the market for 2.5months now in a booming market +2. the property has an amazing view of the water in a wealthy area, but is significantly cheaper than surrounding houses +3. the property isn't a great build and needs a fair bit of work done, but is completely livable +4. the pest and building done by the vendors shows quite a few areas of concern +5. I haven't had my own pest and building done yet + +&#x200B; + +I would really appreciate advice on what to do here. I really want this property as i think the potential long term could be good, but the fact it's been on the market for so long, and that the agent is pushing me to make a high offer with a contract already signed worries me. Thanks so much +Are you guys noticing how quiet it got once business hours were over, and shills were off the clock? + + Notice how there arent anymore posts mentioning Q (except this one now, obviously)? + + Noone else screaming about "scaring new apes with conspiracy theory". + +No more "we only want real DD and facts with evidence!" (So that they know *exactly* what we know, maybe?) + +Folks - anyone who tells us to buy and hold is an ape. The dog and RAB never told us to do a damn thing but buy and hold. They never contradicted our DD. They are not trying to endanger our MOASS. They are pointing at things. + +*WE WERE ALL TOLD THAT SHILLS, FUD, AND DISINFORMATION WOULD COME IN MANY FORMS AND TO EXPECT THE UNEXPECTED* + +What you just experienced was a shill attempt at reverse psychology. They are here and know the same things we know. Remember the 4chan disinformation post that told us what to expect? They knew we knew about it, and attempted to flip the script. + +*OUR ENTIRE EXISTENCE HERE IS BUILT ON CONSPIRACY, DIGGING RABBIT HOLES, AND FOLLOWING OUR HUNCHES. YOU ARE HERE BECAUSE OF CONSPIRACY THEORIES THAT WERE VALIDATED.* + +You guys are smarter than this. You *know* the DD. Anyone telling you to hold and supporting the information is an ape. End of story. Anyone trying to emotionally hijack you with politics or perception is a shill (yes, i literally had someone tell me that they dont want people to think were crazy and discredit us - like people think were sane with credibility by YOLOing our life savings in a game set against us? Come on now). + +Be prepared, apes. Hold. +Backstory: + +Archegos Capital, a prop trading firm run by Bill Hwang (apparently not a smart man), managed to completely blow up his $80 billion portfolio in true WSB fashion, the sheer idiocy and magnitude of this blowup makes us all look like mormon choir boys. This fucking guy had 5:1 leverage on $16 billion of capital invested in china growth/tech *at the peak of the fucking tech surge*, and *didn't fucking de-leverage* during the most obvious sector rotation ever 6 weeks ago. It's all gone now. Liquidated. To zero. He was heavy into china tech / growth stocks on 5x margin, $80 billion portfolio. Poof. + +Margin calls probably started on Monday of last week, where forced liquidation took place. Rumor has it, all of the different PB's this guy borrowed margin from agreed to an orderly selloff during the forced liquidation, but some unknown PB front ran them like a total cocksucking wench and liquidated all at once, causing a violent crash in BIDU and Viacom. Source: https://twitter.com/EnergyCredit1/status/1376211566056644608?s=20 + +Here's more on the backstory: + +https://twitter.com/DoveyWan/status/1375769056486203394?s=20 + +Positions: any CS 4/16 p. I'm betting Credit Suisse takes a huge loss from this poor line of credit, and it hits the news in the coming weeks. +M(54), NW $15M+, Income between high 6 and low 7 figures, work from home managing my holding corp @4hrs/week, low COL area. I've always been a self-reliant kind of person when it comes to home improvement and maintenance projects. Since overweightFIRE at 49, really struggling to overcome the voice in my head telling me 'you have the time and know-how, just tackle it yourself'. Yes, I can install a new dishwasher or patch drywall or put in flooring or fencing, etc. but is that really how I want to spend my time, and beat up my not so young body? + +Currently living on a 100+ acre beautiful piece of land, but in a fairly crummy, dated 70s house that really should have just been torn down and replaced (and similarly crummy outbuildings). This place will continue to absorb all the work I put into it, but never gets any appreciably better. + +I feel somehow less self-reliant or guilty paying someone else to do something I should be able to do, not to mention the whole 'do I want strangers in my home during this pandemic?' angle. The bias towards doing things for myself that let me build up the NW to fatFIRE is now getting in the way of using it to make a better life. + +Has anyone else encountered this? Any suggestions for removing the mental block? + +TL:DR struggling with paying people to do things I could do myself +35, married, 3 kids under 6. $4.25M NW with $4M invested. Live in MCOL and spend about $85k a year. Kids have additional 529 for most of college and additional similar sized trust. + +I know I don't live fat, but about $2M of the money is from inheritance. We haven't touched any of it, but we have tried to set our kids up well. + +Our HHI is about $225k. Saving about $75k a year. + +I work FT, wife works PT. I've been at my job for the last couple years and the stress continues to grow. The company environment is really bad, including boss. Achieving company growth goals or any other measurement doesn't bring any redemption or joy, but I do care about my coworkers. And I still care about doing a good job. I don't know why. + +For reasons, I feel locked in to the job until around February, but after that I plan on taking a LOA and then probably quitting. I should've left the job earlier, but covid was/is rough and really amplified unhappiness. PT work for my wife might be about $65k and she says she likes her job. + +My life has been work and kids for a while. I look forward to spending time on hobbies and kids. I want to take some time off, but after a year or two I'll probably try to jump into a job again. + +That's my thought, but hopefully the numbers will continue to be there and I won't feel too much guilt about not working, but I'm not sure. + +We do want to up our standard of living a bit in the future. A bit bigger house as kids grow would be great. $150k a year in spending sounds very fat to me, but hopefully I'm not wrong. + +Our NW is obviously going to be dependent on future market returns and the past 10 years have been great. I think a couple years of taking around $25k from savings and potential lower income returning to employment won't hurt us too bad. + +Hopefully telling my story will help in either feeling assurance or if you think I'm making a mistake in quitting my job. Either way, feedback is appreciated. Thanks for reading. +On Aug. 4 at block 12,965,000, the London Hard Fork will go live on the Ethereum main network when a series of five protocol updates called EIPs (Ethereum Improvement Proposals) are deployed. + +**EIP 1559**: This is the biggest of the upgrades and ironically the easiest to summarize. It's a proposal to make Ethereum transactions more efficient by using a hybrid system of base fees and tips to more evenly incentivize miners in periods of high and low network congestion. + +**EIP-3198**: As a companion to EIP-1559, it adds an opcode, BASEFEE, which returns the value of the base fee for the block it is executed in. This will enable smart contracts to access this value on chain, which can help with submitting fraud proofs and creating trustless gas price derivatives. + +**EIP-3529**: Another significant change introduced in London is the removal of gas refunds from SELFDESTRUCT and reduction of refunds for SSTORE. While the refunds were originally intended to incentivize developers to clear the state when possible, in practice they have led to an increased state size with the invention of Gas Tokens. Using these refunds, Gas Tokens can fill up the state when gas prices are low and then get refunds for the execution of transactions when gas prices rise. + +**EIP-3541**: This is a "simple" change which lays the groundwork for broader Ethereum Virtual Machine (EVM) improvements, described in [EIP-3540](https://eips.ethereum.org/EIPS/eip-3540). This EIP will make it impossible for new contracts starting with the 0xEF byte to be deployed. Once London is live, the shortest sequence of bytes starting with 0xEF which does not match the starting sequence of existing contracts could then be reserved as a way to identify contracts which comply with EIP-3540 semantics. + +**EIP-3554**: This proposal delays the difficulty bomb, which is a mechanism that was introduced in Ethereum to “freeze” mining as the network transitions to proof of stake. Given that the proof of stake transition is not yet ready, they have decided to delay when the bomb will “go off”. The current delay has been set to December 1st. + +Sources: + +* [https://eips.ethereum.org/EIPS/eip-1559](https://eips.ethereum.org/EIPS/eip-1559) +* [https://eips.ethereum.org/EIPS/eip-3198](https://eips.ethereum.org/EIPS/eip-3198) +* [https://eips.ethereum.org/EIPS/eip-3529](https://eips.ethereum.org/EIPS/eip-3529) +* [https://eips.ethereum.org/EIPS/eip-3541](https://eips.ethereum.org/EIPS/eip-3541) +* [https://eips.ethereum.org/EIPS/eip-3554](https://eips.ethereum.org/EIPS/eip-3554) +* [https://medium.com/ethereum-cat-herders/london-upgrade-overview-8eccb0041b41](https://medium.com/ethereum-cat-herders/london-upgrade-overview-8eccb0041b41) +I'm reading through some material about the supply chain crisis this weekend: + +* [Flexport CEO on how to fix the US supply chain crisis](https://twitter.com/typesfast/status/1451543776992845834) +* [Long Beach has temporarily suspended container stacking limitations](https://twitter.com/typesfast/status/1451673736877428742) + +Would love to hear your thoughts on: + +* Do you see any path that this can get resolved quickly? Wouldn't the Christmas shopping make it even worse? +* How big of a risk is this for the economy and the stock market? +* Do you make any changes to your portfolio based on this? +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! + Dear Bloomberg Authors and Editors and dear **Katrina Lewis**. + +This morning, I came across your latest hit-piece (*Support.com Surges 200% in Meme Army’s Short-Squeeze Attack*), in which you blatantly stoke mistrust and division in the general public, and imply an ongoing class war in the USA. This article not only demonstrates your profound misunderstanding of the US Stock Market, but clearly reveals a pernicious and anti-social agenda of your news-making. I really wonder, what kind of world you live in, and what your intentions are for the future of our society. Perhaps you can explain to me, what you have in mind, when you refer to the general public of retail investors as „**The Social-Media Mob,** “and “**Meme Army,**” that coordinate “short-squeeze attacks” on Wallstreet stocks. + +I think you are intentionally misrepresenting retail investors as well as the nature of short squeezes. Short squeezes are not caused by retail investors buying stocks, but by those market participants, who massively short-sell stocks in companies that they want to fail and go bankrupt. These market participants (aka short sellers) actively bet against the well-being of a company, its employees and customers. When their bets don’t pan out, they have to buy back all those short-sold shares, and return them to their lenders. Exercising their obligation to buy back those shorts then causes the price of the shares to rise. And when the short-sellers have been greedy, and they have over-extended their risk position, this obligation can cause what we in the market call a “Short Squeeze.” + +The dictionary defines an army as “a large group of soldiers organized to fight deadly battles…”, and it defines a mob as “a large crowd of people, especially one that is disorderly and intent on causing trouble or violence.” Your reference to retail traders as both an “army” and a “social media mob, …\[scoring\] another direct hit”, is not only defamatory, but clearly underscores your lack of comprehension of the US Stock Market, of the English Language, and the world we live in. The majority of retail investors are individuals who hope to generate some capital gains from their already taxed income, by investing in stocks they hope will gain in value. Retail investors are not organized market participants, like hedge funds, pension funds, or other large institutional investors. And they are certainly not organized to fight military battles or cause violence in the streets. + +I understand that, with everything going on in Central Asia and the War in Afghanistan, some Journalists feel (misguidedly) that they need to UP their rhetoric accordingly, to compete with their colleagues in the field. But instead, it would behoove you and your employees, or any organization that refers to itself as a News Company, to stick to the facts and leave the fiction writing to more talented authors in the field. +4 dividend ETF's that I like, but are very different are DGRO, VYM, VIG and SCHD. One thing an early investor into these funds should consider other than the dividend yield is the ETF's holdings. Not all ETF's are built the same way. Some have more Energy stocks than other, and some have more Financials than others. If looking for more Technology is the ETF, some have more than others. What kind of companies do you think will be leader that grow and raise their dividend? Here is a brief comparison of DGRO, VYM, VIG and SCHD: + +Holdings. DGRO. VYM. VIG. SCHD + +Energy. 3.65% 6.27% 4.92% 5.70% + +Tech. 18.54% 11.25% 18.09% 13.81% + +Financial. 18.55% 18.63% 6.05% 23.97% + +YIELD. 2.56%. 3.64%. 1.33%. 3.53% + +There are other items to look at when selecting ETF's, but for the young investor looking to just get started, one of these 4 ETF's is a great place to start. + +Remember building wealth takes time (years). Invest regularly (weekly or monthly) even if it is just $25/month. Once you start, commit to it. You will be happy you did. +New investor here. I have been following this sub for quite a while and have seen a lot of posts bullish on $SCHD. Currently it's near 52 week high (\~$76) and the last dividend was $0.7/share every quarter. The return from dividend alone is \~3.6% (0.7\*4 quarters/current stock price) annually. My question is how is it better than high yielding savings account (\~4% interest annually) assuming the growth is slow since it's already at $76? Let me know if I am missing anything here :) +# u/redcarburundum pointed out [out that my median income number for 2020 is wrong, so I changed it.](https://www.reddit.com/r/povertyfinance/comments/oig9tl/its_not_your_fault_youre_struggling/h4x29aa?utm_source=share&utm_medium=web2x&context=3) Although it makes things even worse... + +I wrote this for another discussion I was having on Reddit but it struck me that it’s not out of place here considering how many people have to cope with guilt over not being able to manage their finances. + +1950 + +Median household income $3,300 + +House price $7,354 - 222% of income + +Year of private college $600\* - 18% of income + +\*This number is based on tuition for Dartmouth, the only college I could easily find 1950s numbers for, so it’s not a really fair comparison as it compares 1950s Ivy League against 2020 average private college, comparing to Dartmouth would actually be $58,700 but I chose not to do that because there also were fewer college options available in 1950. I found evidence of the government paying $500 a year for soldiers to go to college, and community college options being as low as $45 a year. But those were non-specific numbers so I picked Dartmouth instead because I can compare it apples to apples. + +2020 + +Median household income ~~$87,864~~ $68,400 + +House $336,500 - ~~383%~~ 491% of income + +Year of private college $41,400 - ~~48%~~ 60% of income + +Compared to what is claimed to be the current equivalent to $3,300 in 1950: + +$37,800 + +House 890% + +College 110% + +This comparison also doesn’t factor in that the median income listed is for households and in 1950 that means overwhelmingly 1 income households and in 2020 that means overwhelmingly 2 income households… + +Btw, just for fun I also ran the numbers in reverse. To match housing being 222% of income you’d need to make $150,000, to match college being 18% you’d need to make $220,000. Thus the current median household income is effectively 50% lower than it was in 1950. + +It’s not your fault you’re not living like your parents/grandparents did. + +And for those of you with parents/grandparents who struggled too it’s doubly not your fault. +**Summary** + +Reached $100k net worth from a starting point less than -$100k in about 4 years mostly through consistent saving. Net worth chart with annotations included below. All salary numbers are gross. + +**Background** + +My wife and I are both 28 and live in the Pacific Northwest. We met when we were 24 and I estimate at the time that we had a combined net worth of close to -$120k, though we didn’t combine finances until after our engagement in 2014. + +I was lucky to graduate from college in 2011 with no debt and an engineering degree. A scholarship paid half of my tuition, my parents paid the other half, and I paid for everything else with savings and working during the summers. I had a job lined up after graduation but decided to go to grad school instead, taking on $21k of student loan debt over the next 2 years while getting my Master’s. My wife paid her own way through private undergrad and public graduate school, which left her with over $100k in student loans after 7 years of schooling by the time it was all said and done. + +**The Process** + +2013: We both lived in the Midwest. I graduated with my Master’s and started on full time at the company I interned at while in grad school as an Engineer I. My starting offer was $63k and I negotiated it up to $67k based on comps for recent grads with my degree that my school published. My rent was $650/mo. I’ve always been a saver but wasn’t deep into the FIRE mindset at the time, so I started contributing 6% to the 401k to get the 3% company match and set to work paying down my loans. Wife (girlfriend) was a full time student in year 1 of her grad program and worked as a barista to pay the bills. We moved in together at the end of this year and paid $1400/mo in rent. + +2014: I studied for and passed the FE exam (should have done this in undergrad) which was one factor in helping me earn a promotion to Engineer II at work and a salary of $73k. Wife was in year 2 of her program, still a barista, and we got engaged in the fall. This is when we first combined finances. Once I got the overall picture of our financial situation I started doing lots of FIRE-related reading and found MMM and this sub. The MMM post “Your debt is an emergency” really stood out to me, so from there we began aggressively paying down my wife’s student loans, some of which had interest rates as high as 6.8%! I started gradually increasing my 401k contribution and opened a Roth IRA. + +Also at this time, I decided to begin passively monitoring jobs in the PNW. We knew we would like to move there eventually to be closer to family, but had no timetable. Everything happened kind of fast. By the end of November I had applied, interviewed, and gotten hired for a job that was a good fit for my skills. The starting offer was $74k and I negotiated it up to $82k. I was really happy with how the whole thing ended up working out, but the downside was that they weren’t willing to wait on my desired start date so I moved home without my wife (fiancee) which really sucked. + +2015: I started my new job and got a 5% raise after the 6 month probationary period to $86k. My wife (fiancee) finished her degree, moved to the PNW, and started her career in the public school system at $54k. We found a townhouse to rent at $1100/mo from a family friend. We got married and paid down over $40k of student loans this year. + +2016: I got a 5% raise to $90k at my 1 year anniversary. We began saving for a new car, a house, maxed an HSA, maxed my Roth, opened a second Roth, and maxed a 457. The wife got a raise to $57k, and became nationally certified in her profession. I spent a few months studying my ass off for the PE exam and passed in the fall. This year we discovered my wife was eligible for a different loan forgiveness than PSLF that only required 5 years of work, so we ran the numbers and dialed back our loan payments significantly to hopefully take advantage of that in 2020. We paid off about $16k in loans this year and instead focused on maxing the previously mentioned 457 and HSA. + +2017: I was promoted to Engineer III in the spring, and along with a COLA raise/market adjustment, now make $99k. Up to now I feel like my salary has progressed quickly, but it will likely be much slower from this point forward unless I change companies. My wife makes $67k after including the new yearly bonus for being certified. We both pay into our separate pension plans at work and are also each maxing a 457/401k. Not currently adding to the Roth accounts anymore, but we’re aggressively saving up for a house down payment. We dropped the HSA for this year since we are having a baby in the fall! + +**Chart** + +[Here is that whole story summed up in one diagonal line](http://imgur.com/a/ex2VQ). I marked the inflection points as best I could. + +1. 7/2/15 began tracking net worth. +2. 12/21/15 added the e-fund to Personal Capital tracking to get a better picture of our net worth. +3. 3/29/16 crossed $0! We are worthless! +4. 9/8/16 added $5k to make the e-fund value more accurate, got $5k inheritance :( +5. 11/21/16 received the remaining $10k of the same inheritance. The big dip right before this was Personal Capital messing up our accounts for a couple days. +6. 5/24/17 crossed $100k net worth! +7. 8/9/17 bought a car + +**Current Finances** + +* $41k saved towards a down payment, $15k e-fund, $7k in an HSA. +* $104k of investments, mostly lazy index 3-fund portfolio. +* -$59k of student loans remaining, to be paid off by 2020. +* Budget is set for our savings rate to be 50% but we average about 60%. This will come down due to baby costs but I expect us to be in the 40-50% range still. +* Our FIRE goal right now is $1.5M. + +**The End** + +Overall, I’m not sure there’s anything super unique about our journey to this point, but I wouldn’t feel comfortable sharing this with people in my personal life. We worked hard, invested in good educations leading to good careers, and saved religiously. It’s simple but it wasn’t easy - I definitely dove in head first to the FIRE concept and for a while it was a source of stress for me, always trying to increase that savings rate. In my natural tendency to engineer things, I had turned my life into an optimization problem. + +It eventually occurred to me that I was stressed about saving money so that I wouldn’t have to stress about money and since then I’ve relaxed considerably. /u/MrLlamaSC‘s stickied post really resonated with me and I try my best to live by my dad’s favorite quote, “Everything in moderation, including moderation.” I’m sure there were many ways we could have done things differently or better, but I’m happy with where we’re at. + +As for what’s next, we are in full baby prep mode now, so it’s nice that our savings are basically on autopilot and we can focus on our family. A house would be the next big thing on our radar, so we will save for that, but we aren’t in any particular rush. I will continue to track these things because I like numbers and we’ll just keep plugging away until the next $100k milestone. Thanks for reading! + (game storage cases, controller grips, small statues) + +Imagine that - getting to start a hobby and not being bound to Amazoff for supplies? + +3D printing is electronics and gaming adjacant and having an easy-to-use one-stop store for supplies would for sure make it easier and more fun to explore for many. + +Edit: like Elegoo printers for example. Affordable enough, I just want Gamestop to sell me one, thanks +Be prepared for an all out FUD campaign when the squeeze begins. Expect Reddit to go down, expect tweets and Twitter accounts to get reported in mass, expect live streams to be interrupted, expect chats to be infiltrated, expect absolute chaos. That’s what they want. Save all of your resources, stay organized, start calm. This is not financial advice. Do your DD. This community has been so wonderful and the camaraderie that has developed here over the past few months should be mentioned in history books as history is truly being made. Buy. HODL. Vote. To the Moon 🦍💎🚀🌝 + I am currently getting burned on the Greenwich Life Sciences ($GLSI) stock. I purchased 5 shares @ 62.80 a share now they are only worth 39.60 a share. Worst stock purchase I have made. I want to sell and cut my losses but this seems personal and I want some of the 120.00 dollars that I lost back. I just don't want to say that I lost 100 on a stock. It's like this stock is a person that owes me money. Has anyone else ever had this experience? +I graduated college ten years ago next month so I thought it'd be good to look back and do a deep dive on where I've been vs where I'm at now. Coincidentally, I'm also hitting the $500k net worth milestone. + +For TL;DR here are the numbers first. For anybody that cares, below is my story. + +34 years old, married, in MCL in midwest. Below are my income numbers but our net worth values. + +**Income / Net Worth** + +* 2011: $54,000 / -$18,000 + +* 2012: $64,375 / -$6,000 + +* 2013: $64,375 / $0 + +* 2014: $72,000 / $10,000 + +* 2015: $72,000 / $16,000 + +* 2016: $95,000 / not tracked??? + +* 2017: $95,000 / $57,500 + +* 2018: $110,000 / $183,000 + +* 2019: $115,300 / $272,600 + +* 2020: $128,300 / $304,00 + +* 2021 (to date): $138,900 / $500,000 + + + + +**My Major Takeaways:** + +1. Don't settle or get comfortable in your current role. Be aggressive in proving yourself to be a highly valuable asset. Nobody just hands out money and sometimes we have to take a calculated risk to better the future. + + +2. Start saving earlier. I wish I had started while in high school. I did some great things like paying off student loans ASAP, but I still feel well behind where I want to be. It's especially hard when seeing Crypto and GME millionaires all over Reddit. But I know I'm still doing better than most. + + +3. The snowball effect is very real. Every little addition to the savings adds up, but time is your best friend for savings accumulation. I can't believe how much my net worth has grown over the past year. + +4. Even "zero cost" refinances actually have costs. But when looking out long term, it can still make sense. + + + + +**My Story:** + +I graduated college in 2011 after spending a couple extra years to obtain a BS in mechanical engineering. I worked full time for a few years during college but still apparently pissed away all money that I brought in. However, due to significant scholarships, I graduated with "only" around $12k in student loans. + +I got a "real" job post graduation making $54k salary in fall 2011 then a few months later accepted another offer at a different company for sightly more money. I moved back in with my parents and started aggressively paying off the student loans. I'm not really sure what the drive was to pay them off other than I knew I didn't want to pay significant interest over decades. By the end of 2012, I had paid off all student loans, paid off a way too expensive engagement ring, paid for a nice all inclusive honeymoon, got married, and moved into an apartment with my bride. I realize it was a combination of both good and bad financial decisions but I wasn't quite at the financial intelligence level that I feel I am now. + +After paying off our $6k vehicle, my wife and I saved up $10k and purchased a $165k house in 2013. It wasn't a 20% down payment so we had to pay PMI. Our interest rate was 4.75% and I paid extra each month to build equity and remove the PMI faster. + +During this time, she was making around $25k annually to my slow increase in pay. But... + + +**Job Changes:** + +The company that I worked at wasn't in the best financial health and that definitely impacted my income. At least two distinct years during my tenure nobody received a merit increase at the company. However, I took matters into my own hands and obtained competing offers with other companies. + +Looking back, I was able to do this gambit because I always outperformed my peers-- I always made myself available 24/7 and took on and succeeded in all projects. I literally mean all projects. Even though I was only fresh out of college, I would be managing all Capex projects for the site because I wouldn't wait for someone to be assigned the project. I would just grab the horns and run. This made me the go-to guy and highly liked by both local and corporate leadership. + +The first time I got a competing job offer in 2014, I negotiated a 12% raise and kept the same job at the current company. The second time in 2016 I did even better with a full promotion to a management position with the same company but in a different state and with a 24% raise. My wife and I always considered it a stepping stone because we wanted to eventually move back to be nearer to family. She also became a stay at home mom to our 1 year old as part of this pay increase, which essentially was actually a net zero increase due to her loss of income. + +As part of the move, I signed an agreement to reimburse the company for relocation expenses they paid to move my family (house sale, house purchase, hotel room, etc) if I left the company before two years passed. Our first house sold for about $10k more than we purchased it for. + +In the new state we purchased another house in late 2016, this time for just under $200k with 20% down using the proceeds of the first house plus a small signing bonus. Even though the house cost more, the new interest rate was much lower at 3.1%, which actually lowered the monthly payment. This is also around the time that I really started buckling down to track our finances and start investing for FIRE. I think it started when looking at the finances of the new house. + +In 2018, after about a year and a half in the new role, an opportunity came up at another company back in the city where we were originally from. I accepted the new job at a higher salary and again relocated my family but this time back "home". + +With changing companies after less than 2 years, I owed the first company approximately $12k in remaining relocation expenses. However, I negotiated with the new company to pay an additional $20k bonus to cover these costs. I stated during the negotiations that I didn't yet have the full figure so ballparked it at $20k and that I couldn't accept the position without help repaying the old company. At the same time, I convinced the old company to forgo the reimbursement as I was leaving on good terms and was also hired by them on contract basis to do some minor contract work on the side. + +Before moving back home in 2018, we sold our house for about $20k over what we paid. Between this, and the additional bonus, we purchased a new house in our home city for $265k with $90k down payment. The goal was to stay sub-$200k, but housing was incredibly expensive and we had to make a quick decision as we were living in a hotel. It was a decision that hurt financially, but one that we've been able to absorb nonetheless. Our interest rate was 4.375%. + +In 2019, we had another child and since then my wife has continued to be a stay at home mom. + +At the beginning of the pandemic in March 2020, when interest rates took a heavy drop, we refinanced the house down to 3.875% for around $3k in closing costs. Our mortgage company contacted again this year offering a "zero fee" refinance option so in March 2021 we refinanced again. The closing costs were about $2k and our new rate is 3.125%. I know that we could have gotten even lower had we paid points or done a full refinance with a different company, but I think our money is better off elsewhere now. Although our payment length has stayed the same (~28 years left) and our mortgage payment is lower, taxes and insurance have increased which has negated any immediate benefit of the refinance. But we'll still save in the long run over the total paid for house. + +Now I have again proven myself a valuable asset to my current company. Unfortunately, this can sometimes be a negative-but-still-good thing: in less than three years, I have maxed out the pay the company is willing to give me for my current job description. I've convinced my direct manager to change my job description because I have again acquired additional projects and responsibilities in an effort to again be the "go-to" guy. I'm hopeful that I'll be given a promotion within the next couple of months...else I'll have to start looking for another position to continue moving up... + + +**So now 10 years after graduating college:** + +* Single family income + +* Housing and kids have been the only real lifestyle creep + +* Net worth: $500k + +* 2021 savings target: 40% of gross pay (excluding employer contributions) + +Looking like FI around age 50 or so but I would much prefer 40-45. I'm pushing the savings percent as high as comfortably possible. But I'm now hitting a ceiling of maxed out salary and already minimized spend. I need to start heavily looking at a solid side hustle, but finding the time is very hard. + + +Anyway, I hope you enjoyed my story 👍 +27M, just got a relatively big windfall (~2m$) thanks to a recent IPO of the company I worked for during the past 4 years. + +I've sold all of my vested stocks I could in order to diversify my position, as most of my stock options are still unvested (~4m at the moment), but I'm having psychological difficulties investing this entire lump sum at once, which basically made my NW become 15 times higher. + +I have a very simple index funds portfolio. The issue is that I keep thinking to myself that I should perform some kind of DCA strategy or wait a bit to see how the current events unfold. +I'm finding myself dumping about 50k$ daily into the market because it feels "safer" for me rather than buying all at once, even when I know that in the long term it has little to no significance. + +I know that what I'm doing at the moment is somewhere between trying to time the market and DCA, and I'm looking for advice from people that were in a similar position as mine. + +What did you do when you've had a relatively large lump sum to invest during a similar market sentiment? +So I currently have everything spread out at Fidelity, Schwab, Merrill, IBKR, Vanguard, and Etrade (\~$2M/ea). Fidelity gets me better IPO access but are there any other firms that have benefits for consolidating there? I imagine for access to private equity or VC you'd have to have MS or GS or some advisor manage your money and I'm not fan of wealth management fees and not a fan of that level of risk. + +But are there any nice perks like for credit cards or travel (like automatic status)? I remember Fidelity had a card with some cash back but BofA offers a nice preferred honors bonus that I already have. +My SO and I both work fulltime and make decent money (~$130k household income). We both save a significant portion of our money towards retirement (~30%). We have a healthy emergency fund ($30k) and additional savings ($20k) towards buying a new house. + +We have no debt other than a mortgage on our current place ($200k). + +A maid service would cost us around $200/month which could easily fit in our budget. I just feel like it should not? Like, I'm 29. I'm able bodied and can clean my own place...but I'd love not to. Is it wasteful to spend so much on this service? Can we really afford this? + I was checking out the forums on Bigger Pockets yesterday and someone was asking about investing $10k. I was reading through the replies and someone stated, "In the Midwest there’s no reason you can’t buy a house free and clear for 10 grand . I just bought one this week for 5500 bucks". + +I couldn't reply back to ask, "You bought a home free and clear for 5500? Details please; sqft, # of bedrooms, etc. " because the admins still haven't updated my profile to include my full name even though i have emailed 4 different times. + +I figured that I would come here and ask if anyone has experience in purchasing properties for $10k or less? What can you typically expect with properties for this low. + +I can't imagine it isn't anything larger than the size of a small apartment and that it comes with nothing, but problems and repairs. +MOD drama is a tactic we have seen over and over on this sub and very GME sub before it. kind of coincidental that we hit the LOWEST volume count to date yesterday and and now the MOD drama is blowing up. don't get taken for a ride yawl, stay stoic and Zen and don't feed into the drama or hate. this to shall pass. + +&#x200B; + +POWER TO THE PLAYERS +In an effort to help educate the newer community members on our current situation, we are now putting our a Smooth Brain thread on Sundays. +This thread is a place where you can safely ask basic questions and have healthy discussions about basic topics pertaining to the GME situation. +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Please be kind and patient, we were all new apes at one point.** + +^(FAQ:) [^(https://www.reddit.com/r/Superstonk/wiki/index/faq)](https://www.reddit.com/r/Superstonk/wiki/index/faq) +https://www.sfchronicle.com/business/article/Uber-and-Lyft-say-regulator-can-t-make-drivers-15380707.php +> +> Uber and Lyft may be headed for a showdown with the California agency that regulates them. +> +> The San Francisco ride-hailing companies, along with two smaller ride services for children called HopSkipDrive and Zum, on Tuesday filed papers challenging the authority of the California Public Utilities Commission to determine that their drivers are employees. +> +> At issue is a June 9 “scoping memo” from agency commissioner Genevieve Shiroma that said “for now, TNC drivers are presumed to be employees,” using the acronym for transportation network companies, which is what the commission calls on-demand ride services. A scoping memo is a mechanism to identify future issues rather than a formal decision. +> +> The scoping memo’s reason was AB5, California’s new gig-work law that makes it harder to companies to claim that workers are independent contractors, as the ride-hailing companies classify their drivers. The scoping memo and a June 2 letter from a director at the commission said the ride services must provide workers’ compensation for their drivers under AB5, which set a July 1 deadline for that insurance coverage. +> +> “No such finding (that drivers are employees) was or could be made by the Assigned Commissioner, or even by the full Commission,” the four ride companies wrote in a motion filed Tuesday. “There is a substantial risk that the Scoping Memo will be misinterpreted, and that the ultimate decision in this proceeding will be based on an erroneous legal foundation.” +> +> The four companies said they want the commission to clarify that the scoping memo statement “is not a determination that drivers who use the TNCs’ (software and services) are employees.” They also want Shiroma, the scoping memo’s author, to clarify that “she did not reach — nor is authorized to reach — any decision finding that all TNCs are obligated to provide workers’ compensation insurance for drivers.” +> +> Uber and Lyft fiercely reject any contention that AB5 means they must reclassify drivers as employees, and are battling that possibility in the courts and with a November ballot measure. +> +> Now they are also battling the state commission that regulates them. +> +> The motion said the commission lacked any authority under AB5 to make decisions or findings on drivers’ employment status. Instead, that authority rests with courts, it said, referring to a misclassification lawsuit against Uber and Lyft by the state attorney general and city attorneys. +> +> Moreover, the memo was written by a single commissioner, who “lacks authority to resolve a contested issue of substantive law,” the companies wrote. Only the full commission could determine that, they said, and that would require hearings, public input and a formal board vote. The companies said they have a right to present their own “substantial evidence” about why they believe AB5 does not apply to them. +> +> Moreover, they said, the commission already waived its oversight about driver status. In 2013 it wrote that it would not “meddle in their business model by forcing TNCs to designate each driver an employee or contractor.” +> +> The commission did not reply to requests for comment on the companies’ motion. Before the filing was submitted, spokeswoman Terrie Prosper said in a email that it “expects all carriers to comply with the workers’ compensation insurance requirements and will determine a course of action if and when it discovers that a (ride-hailing company) is out of compliance with those requirements.” +> +> “Because AB5 deems (ride-hail) drivers to be employees, the (agency) must ensure that (the companies) comply with those requirements applicable to employees,” Prosper said in an earlier email. +> +> Uber and Lyft both said their focus is on the ballot measure which would keep drivers as independent contractors while entitling them to some benefits and earnings guarantees. +> +> “In the meantime, we are seeking further clarification from the (commission) around their flawed presumptions,” Lyft spokeswoman Julie Wood said in an email. +> +> “If California regulators go beyond their authority to force this misguided policy, it would threaten continued access to this work, and undermine the reliability and affordability of these essential services that Californians depend on,” Uber said in a statement. +> +> The utilities commission already waded into the classification issue late last year. In an order on Dec. 19, Robert Mason, an administrative law judge with the commission, asked Uber and Lyft for detailed responses on why they think their drivers should not be employees. That order requested comments in late July and reply comments in early August. +> +> “There is a possibility, as with all proceedings, that staff proposals are issued for further comment or follow-on workshops scheduled,” Prosper said. “A proposed decision may be issued after we hear from parties, review the comments, and determine if anything else may be necessary to develop the record.” +I thought this video about the **irrelevance of dividends** should be required viewing of anyone who wants to understand money and investing. Please review and discuss it! + +[https://www.youtube.com/watch?v=f5j9v9dfinQ](https://www.youtube.com/watch?v=f5j9v9dfinQ) +Good Sunday morning to all of you here on r/stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. + +Here is everything you need to know to get you ready for the trading week beginning February 22nd, 2021. + +# **Stronger economic data could power stocks that thrive in a rebound in the week ahead - [(Source)](https://www.cnbc.com/2021/02/19/stronger-economic-data-could-power-stocks-that-thrive-in-a-rebound-in-the-week-ahead.html)** +***** +> A decline in new Covid infections, along with improving economic data and stimulus hopes, could boost stocks that flourish in a resurging economy in the week ahead. +***** +> In the past week, expectations for a strong economic rebound helped boost interest rates. +***** +> While the broader stock market was choppy, sectors that do well in a rebound – financials, airlines and industrials – stood out as leaders. This is known as the reflation trade. +***** +> Those stocks gained at the expense of growth and technology, down 2%. Strategists expect that reflation trade to continue as signs suggest that the economy could make a sharp comeback. +***** +> The S&P 500 was down 0.7% on the week to 3,906, while the Dow was up a tiny 0.1% at 31,494. The Nasdaq was off 1.57% for the week, to 13,874, with the decline in tech. Apple, for instance, gave up 4% on the week. +***** +> The big event in the week ahead is testimony from Federal Reserve Chairman Jerome Powell, who delivers his semi-annual testimony on the economy before the Senate Banking Committee on Tuesday and the House Financial Services Committee Wednesday. +***** +> He is expected to discuss the increase in interest rates, as well as concerns that inflation could begin to take off. +***** +> “He’s going to have to acknowledge that the data is improving and the virus situation is improving quite materially,” said Mark Cabana, head of U.S. rates strategy at Bank of America. “It is going to be hard for him to sound as dovish as he has been.” +***** +> But Powell is expected to continue to emphasize that the Fed will keep rates low for a long time and maintain its easy policies to help the economy. +***** +> # Improving forecasts +> Economists this past week ratcheted up tracking forecasts for first quarter gross domestic product, fueled in part by an unexpectedly sharp jump of 5.3% in January retail sales. +***** +> Goldman upped first-quarter growth to 6%, and Morgan Stanley said it was tracking at 7.5% for the first quarter. Economists linked the surprise gain in retail sales to stimulus checks sent to individuals under the last $900 billion stimulus program approved by Congress in late December. +***** +> The Biden administration has proposed another $1.9 trillion Covid relief package. That could come before the House of Representatives in the coming week. +***** +> ″[Powell’s] going to stick to the script. The script is lawmakers need to continue to provide support for the economy. He’s going to be supportive of the administration’s effort to get a big package through,” said Mark Zandi, chief economist at Moody’s Analytics. +***** +> # Key data during the week +> Earnings continue to be important. There are more than 60 companies reporting, including Home Depot, Macy’s and TJX. +***** +> Key economic reports dropping next week include durable goods on Thursday, along with personal income and spending data on Friday +***** +> The Friday report includes the personal consumption expenditure price index, which the Fed monitors. The market is on the lookout for signs of rising inflation. +***** +> “I think the boom is going to start sooner than most people think,” said Ed Keon, chief investment strategist at QMA. +***** +> He said the stronger economy is helping drive Treasury yields higher, with the 10-year hitting a one-year high of 1.36% on Friday. Keon said the vaccine rollout is helping the outlook, as is the slowing spread of the virus. +***** +> “I think people were expecting a second-half boom, but I think the second quarter is going to be very strong, as people change their behavior,” he said. +***** +> “The caution when it comes to savings and not going out, that’s going to go away sooner than we think,” Keon said. “Right now, you might see a 10% GDP number in the second or third quarter. That’s also due to the fact we’re likely to get a big stimulus package.” +***** +> He said investors are underestimating the surge in economic activity that should start in March and pick up steam in the second and third quarter as more people resume dining out and other activities. +***** +> “I think the world is going to look very different than it has over the past 12 months. We’re still bullish. We’re still overweight stocks,” Keon said. +***** +> He said a flood of money could hit the economy. +***** +> “The size of the U.S. economy last year was about $21 trillion,” Keon added. “Households now have excess savings of about $1.5 trillion and the stimulus package probably will be in the vicinity of $1.2, $1.6 trillion.” +***** +> He said the service sector should start to see a benefit that has been lifting the goods making side of the economy. “You’re going to see an incredible boom.” +***** + +# **This past week saw the following moves in the S&P:** +###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.imgur.com/KHikwKA.png))** + +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/qGZEgZB.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/E5ZhAnt.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/TIhMYEf.png))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/Y65lpFs.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/EY3NC9X.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/wmMRYoi.png)** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/VasEMj8.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/uT5kxuP.png))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/uOalt0h.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.imgur.com/SMspx2i.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.imgur.com/RP7xVdo.png))** + +***** + +> # Value Outperforming Growth But Only for Large Caps + +> While the S&P 500 traded lower today, value stocks had a strong finish to the week. Starting with a look at dividend stocks, the iShares Select Dividend ETF (DVY) rose 1.35% today for its best day since January 6th when DVY rose nearly 4%. As shown below, DVY has recently been on a tear. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-DVY.png))** + +> Along with the dividend ETF (DVY), the iShares S&P 500 Value ETF (IVE) rose 0.31%, reaching a new 52-week high intraday. That compares to the growth counterpart, the iShares S&P 500 Growth ETF (IVW), which saw a bearish engulfing on its 0.65% decline. Today was the widest outperformance for value (IVE) over growth (IVW) since mid-January. As shown below, while both are still trending nicely higher long-term, the value ETF is at new highs while growth is closer to its 50-day moving average. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-SP.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-SP.png))** + +> Value's outperformance today only applied to large caps, though. While small caps have fallen over the past several sessions, the Russell 2000 Growth ETF (IWO) and Russell 2000 Value ETF (IWN) both rebounded nicely today with identical gains of 2.08%. In the case of small-cap growth (IWO), the recent declines have been more severe meaning today's strong performance still leaves it further below its highs than small-cap value (IWN). + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-R2K.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-R2K.png))** + +***** + +> # Industrial Metals Shining Bright + +> While precious metals like gold have been facing their fair share of selling recently alongside rates, elsewhere in the metals markets, industrial metals have been surging. Year to date, industrial metals—as proxied by the Bloomberg Industrial Metals total return index—are up 11.43% while their precious metals counterpart is down by over 4%. With a fairly flat January, most of those gains have come from this month alone. As shown below, so far this month the Bloomberg Industrial Metals index has risen 11.41% for its strongest performance through the first 14 trading days of a month since September of 2012. Going back to the start of the index in early 1991, the only other months with stronger performance were March of 2008 (11.42) and April of 2006 (14.94). + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-Metals-1.png))** + +> Again, whereas industrial metals are flying, precious metals have been trending lower since the summer. In the chart below, we show the relative strength of the Bloomberg Industrial Metals index versus the precious metal counterpart index over the past five years. Times that the line is rising indicates outperformance of industrial metals and vice versa. Precious metals had been outperforming since mid-2018, but the relative strength line bottomed out back in August of last year. From then through the late fall, industrial metals outperformed, and after some consolidation from November through the end of January, industrials are once again outperforming in a big way. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-Metals-3.png))** + +> Delving deeper, tin, copper, and nickel have been leading in those gains. As shown in the charts below, both year to date and over the past year, these three metals have risen the most with tin in the number one spot in both respects. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-Metals-2.png))** +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021921-Metals-4a.png))** + +***** + +> # One Year Later: 3 Lessons Learned Since the Market Peak + +> “Bulls make money, bears make money, and pigs get slaughtered.” Old Wall Street saying. + +> Today marks one year since the market began to price in the effects that COVID-19 would have on the world. The old market adage “stairs up, elevator down” certainly rang true over the coming weeks, as the S&P 500 recorded the fastest bear market (closing 20% below a previous all-time high) in history, accomplishing that feat in a mere 16 days. + +> The stock market is a peculiar mechanism however, and despite the turmoil the world has experienced since the outbreak of the pandemic, the S&P 500 marched forward to set new all-time highs less than 6 months later on August 18 and hasn’t looked back. So after such a wild year since the market peaked on this day in 2020, what have we learned? + +> **1. Markets are forward looking.** While it’s difficult to pin down a date when we can expect our lives to completely return to normal, the stock market is already pricing in the normalization of daily life, even if that remains uncertain. Economic conditions around the world have been improving relative to how they were at the beginning of the pandemic. While pockets of weakness remain, the market is more concerned with where the economic conditions will be, not where they are currently. + +> **2. Sector performance is dynamic.** Investing in “stay at home” themed growth and technology stocks whose earnings were viewed to be relatively well insulated by the effects of the pandemic and subsequent lockdowns provided both downside protection during the March volatility as well as outperformance after the market bottomed. However, as shown in the LPL Chart of the Day, conventional early-cycle leadership from financials and energy stocks has emerged over the past three months: + +> ###### **([CLICK HERE FOR THE CHART!](https://i2.wp.com/lplresearch.com/wp-content/uploads/2021/02/2.19.21-Blog-Chart-1.png?ssl=1))** + +> **3. Remember your timeline.** Everyone would love to be able to pull their money at the exact top, avoid all major market corrections and reinvest at the bottom, but unfortunately, there is no holy grail timing mechanism and market volatility is the cost of admission for stock investing. “It’s our jobs as investors to focus on our long-term goals,” noted LPL Financial Chief Market Strategist Ryan Detrick. “Drawdowns and bear markets are part of the path to get there, and limiting the latest shiny object from affecting our decisions is key to any investment strategy.” If an investor pulled their money from the market during last year’s volatility, there have been a plethora of reasons to be hesitant to reinvest it, and the subsequent bounce from the lows happened in a flash, meaning they may have bought back in at a higher price than they originally sold. + +> Thankfully, bear markets and extreme volatility like we experienced last year are rare, but they provide a unique learning opportunity for investors. No one truly knows what the future holds for the stock market, so making sure we learn from the past is crucial for long-term success as investors. For more on our market and economic views, check out our most recent Global Portfolio Strategy publication. + +***** + +> # Stimulus Matters: Retail Sales Rebound Big in January + +> The US economy had a tumultuous year in 2020, to say the least, and after rebounding strongly in the third quarter, the holiday surge in COVID-19 cases increased the risk that the economy may stumble heading into the new year. The sharp increase in new COVID-19 cases led to additional curbs on activity to contain the virus, triggering a rise in weekly jobless claims, and many feared we might have a double-dip recession. + +> Sensing a need to act, Congress passed a fifth relief bill at the end of December, including additional direct payments to households. The lame-duck injection of fiscal stimulus to the US economy was just what it needed. Following a weak retail sales number in December—ordinarily one of the strongest months for retail sales—consumer spending rebounded firmly in January, rising 5.3% month over month according to the US Census Bureau—the most in seven months—and greater than all of the estimates in the Bloomberg economist survey. + +> Looking under the hood makes the headline number even more remarkable. As shown in the LPL Chart of the Day, the largest month over month increases came in categories associated with discretionary spending, including a 23.5% surge in spending at department stores: + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2021/02/Blog-2.18.21.png?ssl=1))** + +> “Fiscal stimulus was just what the doctor ordered for the US consumer in January,” added LPL Financial Chief Market Strategist Ryan Detrick. “The boom in spending on discretionary categories could become a trend if a wave of pent-up demand gets unleashed on the economy in 2021.” + +> Clearly, direct payments to households had a major effect on January’s retail sales, so does this mean that February sales will disappoint? Not exactly. Direct payments to households totaled roughly $166 billion, but the increase in January sales was only $29 billion and the savings rate remains high. Of course, not all of that money was spent on retail items, but there may be some gas left in the tank for February retail sales, particularly by individuals who didn’t receive their payments until later in the month or who will be receiving a credit on their federal tax returns. + +> Earlier this month, we raised our gross domestic product (GDP) forecast for the US from 4–4.5% to 5–5.5%. Yesterday’s retail sales number puts us on a solid path toward achieving that target—and may even raise the prospects of exceeding it. The first quarter of 2021 is expected to be the weakest of the year, so the January surge in retail sales removes much of the risk of the US economy stumbling out of the gates as we begin 2021. + +> However, a strong start to the year may embolden the call for a smaller price tag for President Biden’s fiscal stimulus proposal. Despite this, we ultimately believe a stimulus package north of $1 trillion is likely, which should prime the US economy for continued growth in 2021 as the battle against COVID-19 improves. + +***** + +> # Tech Leading in New Highs + +> The S&P 500 has been reversing from its record highs over the past couple of sessions, but on an individual stock basis there are still a large number of names that have reached new 52-week highs. As shown in the charts from our Daily Sector Snapshot below, through yesterday's close, a net percentage of just over 15% of the S&P 500 reached new 52-week highs. That is the strongest reading in new highs since January 12th. Outside of several days at the start of 2021, the only other days of the pandemic era with as high if not higher readings were September 2nd, October 9th, and November 9th. Most of the sectors are also seeing their number of new highs rise to strong levels. In addition to the S&P 500, yesterday's reading for Communication Services, Financials, Materials, and Tech all were in the top decile of all days since at least 1990. In the case of Materials, while new highs have been trending higher and yesterday's reading was historically strong, it was still well off the record highs from earlier this year. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021721-NNH.png))** + +> On the other hand, perhaps the most impressive sector in terms of net new highs has been Technology. Yesterday, 35.53% of the sector's stocks reached a new 52-week high. Not only is that the highest reading with respect to the other sectors, but that high reading also stands in the top 0.5% of all days for the sector since at least 1990. In other words, there have only been 38 other days since 1990 that the Tech sector saw as strong of a reading in net new highs as yesterday. The most recent of those was November 9th when 43.84% of the sector touched a new 52-week high. Overall, in the context of more broadly positive breadth with strong readings in new highs for other sectors, Tech's large number of new highs is an added plus for the broader market given the massive 28.08% weight of the sector. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021721-NNH-Tech.png))** + +***** + +> # Small Cap Growth Taking the Lead + +> One of the topics we covered in last Friday's Bespoke Report was the outperformance of small caps over the past year. Even on a much shorter time horizon, that outperformance has been evident. As shown in the snapshot of our Trend Analyzer below, in the five days ending last Friday and on a year to date basis, both Small Cap Growth (IJR) and Small Cap Value (IJS) have been two of the top-performing ETFs in our US Styles screen while large-cap counterparts have also been higher but with more modest gains. With a particular focus on growth stocks, while the S&P SmallCap 600 Growth (IJT) ETF was up the most of these ETFs last week with a 3.96% gain, the S&P 500 Growth ETF (IVW) was the second-worst performer after 'only' rising 1.05%. That continued a trend that has been in place YTD with the performance spread between the two ETFs topping ten percentage points. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021621-TA.png))** + +> We are coming up on the one-year anniversary of the last highs on February 19th, 2020 just before the COVID crash. For most of the past year since then, large-cap growth (IVW) had actually been outperforming small-cap growth (IJT), but since the new year began, small-cap growth has jumped ahead. Now, the S&P Small Cap Growth ETF (IJT) is up 35.31% since the 2/19/20 high compared to a 28.16% gain for the S&P 500 Growth ETF (IVW). As shown in the second chart below, IJT had been catching up on IVW for some time now though. The relative strength line of IJT versus IVW had been in a downtrend for most of the past five years meaning large-cap growth had been generally outperforming the small-cap counterpart. Since the lows last March, the line trended sideways meaning neither one saw significant outperformance, but come the fall, the line has taken off in favor of small caps. With more outperformance in the past week and a half, that line has turned sharply higher once again reaching the highest level since December of 2019 last week. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/02/021621-Small-vs-large-2a.png))** + +***** + +> # Is A/D Line Signally Late-February Weakness? + +> Back on January 21 in our February Almanac post our Market Probability Chart highlighted the pattern of late-February seasonal weakness. A disappointing jobless claims number today appears to be the straw the sent the market lower. In this chart of the NASDAQ 100 Index (NDX) I have overlaid the NASDAQ Composite Advance/Decline Line. The NASDAQ A/D Line peaked and flattened out about six trading days ago and is now heading lower. + +> This coincides with the seasonal pattern of late-February weakness. However, we expect recent support to hold above 13,000. Should that level be breached major support exists around the old September doji high of 12,240. Considering how far the market has come in the face of some formidable economic and pandemic obstacles and how frothy sentiment had become, a little consolidation and pullback is to be expected. + +> We may see some further weakness into month-end and into March, but with vaccine rollout gaining some traction, more stimulus likely and a supportive Fed we do not expect any major selloff at this juncture. + +> ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/e5f4b2427b7d5d4b28aae29e57eecf9b/74d4cbea052ab1c5-33/s500x750/45f747ae1ae952b17ebfa05517216899ec4f49ae.jpg))** + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.imgur.com/uT5kxuP.png))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.imgur.com/jtxCols.png))** +###### **([CLICK HERE FOR THE MOST ANTICIPATED EARNINGS RELEASES BEFORE MONDAY'S MARKET OPEN!](https://i.imgur.com/b6PPTlQ.jpg))** + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 2.22.21 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/EcVeV4l.png)) + +> # ***Monday 2.22.21 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!](https://i.imgur.com/Iz5xLzt.png)) + +***** + +> # ***Tuesday 2.23.21 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/4p4q8a9.png)) + +> # ***Tuesday 2.23.21 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!](https://i.imgur.com/EgzN86P.png)) +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!](https://i.imgur.com/ODRTBoH.png)) + +***** + +> # ***Wednesday 2.24.21 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!](https://i.imgur.com/3udXvVZ.png)) +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!](https://i.imgur.com/sMcEWeM.png)) + +> # ***Wednesday 2.24.21 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!](https://i.imgur.com/EHTrDMd.png)) +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!](https://i.imgur.com/bzVMSxO.png)) +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!](https://i.imgur.com/79N1qSy.png)) + +***** + +> # ***Thursday 2.25.21 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #1!](https://i.imgur.com/WwOgLCj.png)) +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES LINK #2!](https://i.imgur.com/wZD3pAb.png)) + +> # ***Thursday 2.25.21 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #1!](https://i.imgur.com/FztoNlM.png)) +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #2!](https://i.imgur.com/MuAL2DJ.png)) +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK #3!](https://i.imgur.com/gkCoskC.png)) + +***** + +> # ***Friday 2.26.21 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/UCHvMLo.png)) + +***** + +> # ***Friday 2.26.21 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/To6WCZh.png)) +(NONE.) + +***** + +> # NVIDIA Corp. $597.06 +**NVIDIA Corp. (NVDA)** is confirmed to report earnings at approximately 4:20 PM ET on Wednesday, February 24, 2021. The consensus earnings estimate is $2.80 per share on revenue of $4.83 billion and the Earnings Whisper ® number is $3.26 per share. Investor sentiment going into the company's earnings release has 84% expecting an earnings beat The company's guidance was for earnings of $2.63 to $2.95 per share. Consensus estimates are for year-over-year earnings growth of 50.54% with revenue increasing by 55.56%. Short interest has increased by 9.0% since the company's last earnings release while the stock has drifted higher by 13.0% from its open following the earnings release to be 25.0% above its 200 day moving average of $477.72. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, February 8, 2021 there was some notable buying of 5,340 contracts of the $580.00 call expiring on Friday, March 19, 2021. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 3.3% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=NVDA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Square, Inc. $276.57 +**Square, Inc. (SQ)** is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, February 23, 2021. The consensus earnings estimate is $0.24 per share on revenue of $3.10 billion and the Earnings Whisper ® number is $0.34 per share. Investor sentiment going into the company's earnings release has 82% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 4.00% with revenue increasing by 136.02%. Short interest has increased by 11.3% since the company's last earnings release while the stock has drifted higher by 49.3% from its open following the earnings release to be 69.5% above its 200 day moving average of $163.16. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, February 4, 2021 there was some notable buying of 8,562 contracts of the $260.00 call expiring on Friday, March 19, 2021. Option traders are pricing in a 9.5% move on earnings and the stock has averaged a 8.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=SQ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Moderna, Inc., $174.74 +**Moderna, Inc., (MRNA)** is confirmed to report earnings at approximately 7:00 AM ET on Thursday, February 25, 2021. The consensus estimate is for a loss of $0.25 per share on revenue of $326.58 million and the Earnings Whisper ® number is ($0.17) per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 32.43% with revenue increasing by 2,223.59%. Short interest has decreased by 26.9% since the company's last earnings release while the stock has drifted higher by 155.7% from its open following the earnings release to be 91.8% above its 200 day moving average of $91.12. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, February 4, 2021 there was some notable buying of 3,120 contracts of the $190.00 call expiring on Friday, April 16, 2021. Option traders are pricing in a 10.0% move on earnings and the stock has averaged a 8.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MRNA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Plug Power, Inc. $55.89 +**Plug Power, Inc. (PLUG)** is confirmed to report earnings at approximately 7:00 AM ET on Thursday, February 25, 2021. The consensus estimate is for a loss of $0.07 per share on revenue of $83.34 million and the Earnings Whisper ® number is ($0.09) per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 16.67% with revenue decreasing by 9.08%. Short interest has decreased by 42.8% since the company's last earnings release while the stock has drifted higher by 187.4% from its open following the earnings release to be 159.1% above its 200 day moving average of $21.57. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, February 8, 2021 there was some notable buying of 10,007 contracts of the $30.00 call and 10,000 contracts of the $27.00 put expiring on Friday, January 20, 2023. Option traders are pricing in a 13.6% move on earnings and the stock has averaged a 6.6% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=PLUG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Salesforce $246.56 +**Salesforce (CRM)** is confirmed to report earnings at approximately 4:05 PM ET on Thursday, February 25, 2021. The consensus earnings estimate is $0.74 per share on revenue of $5.68 billion and the Earnings Whisper ® number is $0.81 per share. Investor sentiment going into the company's earnings release has 81% expecting an earnings beat The company's guidance was for earnings of $0.73 to $0.74 per share. Consensus estimates are for year-over-year earnings growth of 42.31% with revenue increasing by 17.09%. Short interest has increased by 45.9% since the company's last earnings release while the stock has drifted higher by 9.3% from its open following the earnings release to be 12.4% above its 200 day moving average of $219.29. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, February 16, 2021 there was some notable buying of 9,921 contracts of the $190.00 put expiring on Friday, March 19, 2021. Option traders are pricing in a 6.4% move on earnings and the stock has averaged a 7.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CRM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # DraftKings Inc. $60.91 +**DraftKings Inc. (DKNG)** is confirmed to report earnings at approximately 7:00 AM ET on Friday, February 26, 2021. The consensus estimate is for a loss of $0.56 per share on revenue of $229.70 million and the Earnings Whisper ® number is ($0.55) per share. Investor sentiment going into the company's earnings release has 75% expecting an earnings beat. The stock has drifted higher by 34.2% from its open following the earnings release to be 40.4% above its 200 day moving average of $43.39. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, February 17, 2021 there was some notable buying of 4,991 contracts of the $55.00 put expiring on Friday, February 26, 2021. Option traders are pricing in a 9.5% move on earnings and the stock has averaged a 8.4% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=DKNG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Home Depot, Inc. $279.64 +**Home Depot, Inc. (HD)** is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, February 23, 2021. The consensus earnings estimate is $2.61 per share on revenue of $30.45 billion and the Earnings Whisper ® number is $2.74 per share. Investor sentiment going into the company's earnings release has 80% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 14.47% with revenue increasing by 18.11%. Short interest has increased by 39.1% since the company's last earnings release while the stock has drifted higher by 2.8% from its open following the earnings release to be 4.9% above its 200 day moving average of $266.45. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, February 17, 2021 there was some notable buying of 2,578 contracts of the $290.00 call expiring on Friday, February 26, 2021. Option traders are pricing in a 4.0% move on earnings and the stock has averaged a 2.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=HD&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Domino's Pizza, Inc. $371.46 +**Domino's Pizza, Inc. (DPZ)** is confirmed to report earnings at approximately 7:30 AM ET on Thursday, February 25, 2021. The consensus earnings estimate is $3.79 per share on revenue of $1.38 billion and the Earnings Whisper ® number is $3.85 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 21.09% with revenue increasing by 19.96%. Short interest has increased by 43.8% since the company's last earnings release while the stock has drifted lower by 8.5% from its open following the earnings release to be 4.1% below its 200 day moving average of $387.16. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 7.0% move on earnings and the stock has averaged a 8.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=DPZ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Jumia Technologies AG $55.92 +**Jumia Technologies AG (JMIA)** is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, February 24, 2021. The consensus estimate is for a loss of $0.46 per share on revenue of $49.45 million. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Short interest has decreased by 38.8% since the company's last earnings release while the stock has drifted higher by 326.9% from its open following the earnings release to be 163.7% above its 200 day moving average of $21.21. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, February 17, 2021 there was some notable buying of 3,805 contracts of the $67.00 call expiring on Friday, February 26, 2021. Option traders are pricing in a 19.5% move on earnings and the stock has averaged a 19.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=JMIA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Overstock.com, Inc. $101.20 +**Overstock.com, Inc. (OSTK)** is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, February 24, 2021. The consensus earnings estimate is $0.30 per share on revenue of $730.40 million and the Earnings Whisper ® number is $0.39 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 141.10% with revenue increasing by 96.94%. Short interest has decreased by 2.7% since the company's last earnings release while the stock has drifted higher by 23.4% from its open following the earnings release to be 64.8% above its 200 day moving average of $61.43. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, January 19, 2021 there was some notable buying of 1,557 contracts of the $50.00 call expiring on Friday, March 19, 2021. Option traders are pricing in a 16.3% move on earnings and the stock has averaged a 14.1% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=OSTK&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great week ahead r/stocks. +I’m a long term investor and have all of my investments in individual stocks and funds. I consider myself to have high tolerance to risk but never considered buying Crypto for the simple reason, that I don’t really understand it. + +I started reading about but still, had no real conviction due to risk if regulation from the governments and the unknown consequences as a result of this. + +But seeing it becoming more widely adopted in US, I’m really starting to think about it. +What do you think? What platform are you using to buy Bitcoin? +I quite like Etherium due to its scope. +As i understand it, a feeder fund is one which only invests in units in another fund. It's a way of holding a fund indirectly. The point of that is not obvious to me! + +I notice that [almost all feeder funds are for property / real estate funds](https://www.trustnet.com/fund/search/feeder), and that of the ten biggest property funds (according to [some random chart](https://fingfx.thomsonreuters.com/gfx/editorcharts/BRITAIN-EU-FUNDS-PROPERTY/0H001QX918M2/index.html)), seven ([Aviva](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000WNEK), +[Standard Life](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000WX77), [BMO](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000W8F3), [Janus Henderson](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000X47G), [Aberdeen](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F000011HUD), [M&G](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000PC52), and [L&G](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000T6CD)) have feeder funds. + +So why do property funds have feeder funds, when almost no other funds do? + +I appreciate that property funds are going the way of the dodo, so this is perhaps not crucial to understand, but i'm still interested. +** Edit - please don’t downvote this is a useful lesson to other naive investors ** + + +I have 20k in an isa that’s 100% invested in a global tracker fund. It had dropped a few percent (so a few hundred quid less than what I put in) so I put in a sell order on Friday night. My plan was to get it into a Marcus savings account. This is part of my easy access emergency fund and I might need to spend some of it in coming months. + +The value now is crashing hard and I think the sell order won’t go through till Monday morning (it’s with AJ Bell you invest). Have I done something stupid here? I’m worried I’ve sold in the trough of a temporary low. +Hello all, + +It's in the title really. I would like to know more about how to effectively value a stock/fund. I imagine that there are lots of opinions on the matter out there, and also lots of bunk info, so I thought I'd reach out here rather than Googling. + +Up to this point I've been investing in index funds, gold and bonds in descending order, with a few (largely speculative) small stock plays). For clarity, timeframe is 5-30 years, not interested in quick trading. + +Video/audiobook would be preferred, but websites and books are good too. + +Many thanks. +Hi guys, I invested on the peak of this fund and has been going down since then up to -17%. Is currently a big loss in my portfolio and while I understand that lately tech sector has been going down a lot, I am kind of worried that they will recover and how long may take. + +Update:Thank you for the advice guys. I am not willing to take loss, so I will keep long term. I just was kind of surprised of the -17% downturn as normally funds tend to be more stable. +Hi guys, I invested on the peak of this fund and has been going down since then up to -17%. Is currently a big loss in my portfolio and while I understand that lately tech sector has been going down a lot, I am kind of worried that they will recover and how long may take. + +Update:Thank you for the advice guys. I am not willing to take loss, so I will keep long term. I just was kind of surprised of the -17% downturn as normally funds tend to be more stable. +Went to the eye doctor for a follow up and I have the start of glocoma. Hopefully eye drops the rest of my life will let me have some vision till I die. I am 38. I also have ankylosing Spondylitis which is an autoimmune disease that attacks my joints and makes me hurt every minute of the day. It will disable me someday. I don't have a chance of making it to retirement I will have to go on disability eventually. This gamestop squeeze and the company it's building into is going to give me the money to buy a good chunk of land, build a house and start a homestead. I'll get to quit my job and work my land till I can't any more. I'll get to spend my days with my kids instead of being too tired to do anything because I worked. I hold for people like me who won't have this opportunity without this awesome company. It's time to take back from the rich what they have stolen from the poor for so long. +From this link: http://www.politico.com/story/2015/06/obama-overtime-rule-wage-raise-119566 + +I see this change, if it goes through, will effect those like many of my friends who are store managers of neighborhood stores and fast food chains. + +For those that don't know, these places are part time employers with a 30 hour maximum unless you become management whereas then you jump to salary and work close to 50 hours a week for $450. + +I don't expect many of these employers to pay managers close to $1000 a week under the new rules so expect some changes which most likely would revert managers to hourly and maintaining a 40 hour week or paying overtime. This change by Obama seems to not have gotten much attention compared to minimum wage proposals. +Hi everybody, I just wanted to give a shout out to the Consumer Financial Protection Bureau complaint process. I opened a bank account with PNC bank and they never mailed me my online access code. + +The customer service reps were treating me like I was using fraud and they wouldn’t help me, they would only say that an “investigator” would call me. I was really upset because I transferred $2000 to open the account. + +I submitted a CFPB complaint on Friday and just received a call from their “executive relationships” team about the CFPB complain today. They explained everything and are overnighting me the signature card I need to sign to get access to my account. If you have any problems with your bank I would highly suggest to file a complaint here: https://www.consumerfinance.gov/complaint/ + +I really felt like I was being bullied by the bank and that there was going to be no resolution and my $2000 was going to be stuck indefinitely. + Morgan Stanley posted results on Thursday below analysts’ expectations for second quarter profit and revenue on weaker-than-expected investment banking revenue. + +Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: + +Earnings per share: $1.39 vs. $1.53 expected + +Revenue: $13.13 billion vs. $13.48 billion expected + +Source: [https://www.cnbc.com/2022/07/14/morgan-stanley-ms-2q-2022-earnings-.html](https://www.cnbc.com/2022/07/14/morgan-stanley-ms-2q-2022-earnings-.html) + +Morgan Stanley (-25.21% YTD) posted results on Thursday below analysts’ expectations for second quarter profit and revenue. + +Jim Cramer last week said: + +***"May I suggest you buy Morgan Stanley... Citigroup has not enough activity, there's not enough IPO, that's why I like Morgan Stanley because its consistent."*** + +Citigroup (C) is set to report its earnings tomorrow + +Would you buy MS or C? +He has the money to pay and it's frustrating to keep getting notices that he still owes, whenever he attempts to make payments and they continued to deny them. + +He rang them up repeatedly, only to be told this time, that it was because his funds weren't from an actual bank account (he uses Bancorp) Is it possible to open at least a checking account with another bank, given his credit financial history in order to pay off the student loans? +Seems my last net worth update posted to this sub was nearly [4 years ago](https://www.reddit.com/r/financialindependence/comments/6e74o6/24m_hit_100k_nw_on_friday/) when I hit $100k, so now that it’s been exactly 7 years to the month that I’ve been on this journey, and I’ve hit $500k not-exactly-to-the-dollar, I figured it was time for an update. + +Obligatory [Mint summary screenshot]( https://i.imgur.com/wLe7XWA.png) + +Obligatory [NW-over-time graph]( https://i.imgur.com/VKuoFwf.png) + +Not going to go into as much storylike detail as I did in the previous post, but rather list the most pertinent updates between then and now: + +* I did indeed move from NoVA to Austin. Best thing I ever did, as it turns out. Salary has progressed from **$47k -> $70k -> $65k -> $110k -> $122k -> $147k** today in 4 short years. But, now that I live in Austin, I believe I’m obligated to tell all y’all not to move here. + +* For those curious, I moved by buying a $1200 minivan, loading all my stuff into it, and simply… moving. The move cost around $5k, *including* the $3500 I gave my new landlady upfront as collateral due to not having a job. The other $1500 was gas, food, AirBnB, deciding to head to the opposite coast with a random chick I met at a hostel… the usual stuff. All in all, I spent around 10 weeks unemployed, mostly because I was picky with my job selection, and also having too much fun. A couple months after starting my new job, I traded the van in for $1500 towards my next car ($8500 Mazdaspeed3). + +* I bought a house 2.5 years ago. Paid around $215k. It’s likely worth ~$300k today, though I’ve seen a couple of my floorplan listed for $350-400k, so who knows. Either way, it’s completely stupid. I do include my house as part of my net worth, but at a much more conservative $238k. + +* Financed my first new car in mid 2019, a Model 3 Performance for $48k after rebates. Somehow, 27k miles later, it’s worth ~$42k; it’s completely stupid. I do include my car as part of my net worth, at the same stupid $42k. + +* Been strongly considering trading up my house, hence why I’m so cash heavy. But in this market… yeesh. May simply hold off, enjoying my mortgage that’s 10% of gross income in the meantime. At this point I wish I’d pulled the trigger last September, when I was first considering it. Ah well, hindsight. + +* My spending last year was just shy of $37k, or exactly double my 4-year-ago spending of $18.5k. Yikes! And I expect similar this year, if I *don’t* trade up my house. But income is up 3x since then, so it’s fine…? Especially since: + +* Of course, this whole time, I’ve been consistently plowing 50%+ of income into investments and cash savings. Usually 60%+. My goal has always been to save at least 50% of my income at any given time, so I’m okay with the lifestyle inflation. In fact, I expect some more car-related lifestyle inflation in the future, in the form of either a tri-motor CyberTruck or a 5^th gen Dodge Viper. (I don’t see Vipers depreciating much, if at all, in the future, and I expect CyberTruck resale would be fairly solid as well—the only reason I could justify either option.) I do very much enjoy my cars. + +Any questions, feel free to AMA! +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. +I'm aware of; [**Cryptohopper**](https://www.cryptohopper.com/) and [**Cindicator’s Stoic bot**](https://cindicator.com/stoic) but never tried them before. I'm currently running Cryptoping (Free Version), it seems to be quite handy but I am usually 'Pinged' about 20-30mins after the real pump starts. + +Has anyone had experience using either bot? Or how could I best find quickly trending coins? +Hi all, + +Just curious... if anyone can explain to me, or has an idea, of WHAT is going on in the Stock Markets?! + +So to summarize, 2020 has been pretty 'shite' of a year, and we have a full on global pandemic, economic crisis around the world with most 1st world countries reporting up to 20% recession on GDP, real estate markets that might collapse or have a slow year, inflations that may be record high once markets start again after pandemic due to all the increased funds and supports by government, and now finally a FULL on civil war/riot and 'revolution' in the US. + +So to put it mildly, economically, we should be screwed. Yet, right now, I have over 10% YTD return on my investments. What.The.Hell.Is.Going.On? Can anyone give me rational explanation, or is this some abnormality that will slap my funds when reality hits in a few months? + +I'm really trying to understand, and nothing is making sense to me... +After 15 years there, I've decided to leave and go back to France as a step 1. Would have done so last year to dodge Brexit and make the admin easier but covid happened... +I arrived in the UK as a young adult meaning my entire professional career has happened and been taxed here. I also now have dual British citizenship. +I'm not feeling well equipped to make the right financial decisions on my own with regards to: what to do with my savings here and the best way to transfer them over to Europe, what to do with my vested RSUs (best to cash them now in GBP and move to EUR bank account later or can it wait and they be cashed in EUR after I've moved without a double tax?), tax implications of moving, UK pension, potentially becoming a landlord to keep my flat here etc. + +Are there tax/financial advisers/accountants that specialise in those types of international moves? Googling results so far have been: UK only professionals who don't really know about EU financial implications or biiiiig fortune kind of advisers (I have some savings but I'm far from being that level of wealthy). +Any recommendations/advice would be most welcome! +I (26) have owned a house in the NL since 2017 and I want to move to Sweden (as soon as I know what I want to do with my house). Now I really don’t know whether I should sell or rent out my place, as the tax situation in Sweden and the NL is very different. + +Has anyone been in a similar situation? Or does anyone have any advice? +I’m looking at houses right now, preferably a multi unit one that I can house hack and rent out one side in while I live in the other for a year, before renting out both sides. + +But I’m looking at prices in my area, everything is 450k+ and rent is max 1200 in my area for the houses I’m looking at. There’s no way anyone could ever follow the 1% rule for rent and charge 4500$ for rent!? + +Any advice? +It's something of a dream to own my own Starbucks, or just the building it's in, and there are a lot more than I thought out there to buy through an NNN lease but none of them seem to turn a profit when I run some numbers. + +For example: [This one here](https://www.crexi.com/properties/957322/louisiana-starbucks) + +Asking price is $1.78m, NOI is $97.5k, and taking a look at it shows I'd be paying roughly $10k a month, with half the total payment being interest. That far exceeds the NOI/year. + +I must be missing something. How would one go about actually acquiring this properly and using the rent to pay off the loan with at least some cash flow left over? + + +A little background - when my sister was 4, she was stabbed in the eye with a stick and has been completely blind in her left eye since. My parents went to court and have secured her roughly $750,000 as compensation for the permanent damage. The money will be given to her in installments starting when she turns 18. + +My sister will turn 18 in 2 weeks, and on her birthday she will receive her first payment of $50,000. From what I've been told by my mom, She will receive $50,000 on her birthday every year for the next 15 years - however, I am not completely sure. + +Now, there are 2 major problems: + +1. Everyone else in my immediate family has known she was going to receive this money for years, but I had NO IDEA that my parents never told her about this. Her birthday is *literally in 2 weeks* and they **just** told her yesterday. How is a 17 going on 18 year old supposed to wrap their head around this? Especially since in 2 weeks, there will be $50,000 in her bank account? I think this was extremely ignorant of my parents to do this. +2. My father has told my sister that she will need to invest the money and that she should speak to me because I am currently studying finance, so he thinks I have experience? I am still a student, I have never invested, I have no business handling her money like that - I have no idea what my father is thinking. When I heard this yesterday, I told my sister that I will **not** invest her money, and that she needs to contact a financial advisor. + +I plan on requesting all of the legal documents surrounding this compensation from my parents and looking into hiring a financial advisor for my sister. I want to be involved in the process (I do not trust my parent's judgment at this point), but I am not living in the U.S. anymore so I think it will be difficult. I hope to come back to the U.S. in the early fall, so maybe I can put off any decisions being finalized until I am there. + +Overall, I feel overwhelmed by how naive my parents have handled this entire situation. This money can go such a long way for my sister if handled properly, and so far my parents have really let my sister down. I have no idea what steps I need to take - does she need to get this notarized? How do I make sure she does not get scammed by an advisor? + +I'm sorry if this post is all over the place, I will gladly provide other information as needed. + +Any and all advice is appreciated. + +The location is NY, USA. + +Edit: thank you everyone for your advice and kind words, I’m still going through the comments. I’ve spoken with my father and found out the payout terms are not what I originally was told, but most of your advice is still very much applicable. + +A lot of comments highlighted how I should not blame my parent’s approach to telling (or actually not telling) my sister about this money, and I also want to thank you for showing me the other side of their actions. + +As of right now, I feel much more confident in helping my sister navigate the world of investing, and we’ve already begun to build a saving and investing plan for her. + +Thank you again everyone! My whole family sends loves and thanks! +TL;DL: what are the implications of signing an unenforceable non-compete agreement on future employment? + +I am a 27 year old who works in the insurance financial services industry. I do NOT work in a sales related role. + +Our new CEO (who comes from a sales background) is forcing all full time employees to sign a nationwide-3 year non compete with no consideration (e.g., additional compensation or termination benefits). + +I've consulted with a lawyer who assures me that the nationwide and 3 year ban is unenforceable, but doesn't stop them from (1) making me disclose to future employers that I'm subject to a non compete or (2) defending a suit out of pocket. + +The CEO has given a drop dead deadline this Friday (21st of April) which you can sign it or clean out your desk Friday. + +So, friends, what I need to know is from an HR/Recruiter point of view: + +(1) how do you react when someone initially applies to a entry-mid level non sales position who checks the box that they are subject to the non compete? + +(2) if a future employer doesn't ask in the initial application about a non-compete when should I disclose it? + +(3) is this worth losing my job over? + +Help? +We know you lurk here. You know what just transpired with Warden. Lowball floors; recommending stop losses; recommending market orders over limit orders; outright telling us when to sell - **all of which were overwhelmingly rejected by the apes of r/Superstonk**. + +Literally within two hours of Warden posting his shit, he was writing his resignation and is no longer a mod. + +The apes know exactly how valuable these shares are to you. + +But guess what? **We ain’t selling for anything less than world-changing tendies**. The apes have gone through too much shit to settle for lowball numbers. + +**$20 million floor is not a meme.** + +🍌🍌🍌🍌💎🙌💎🚀🚀🚀🚀 + +——————— + + +Edit 1: the deleted post by Warden: + +[https://www.removeddit.com/r/Superstonk/comments/ndc1rc/selling_on_the_way_down_a_definitive_dd_on/](https://www.removeddit.com/r/Superstonk/comments/ndc1rc/selling_on_the_way_down_a_definitive_dd_on/) + + + +Edit 2: $10 mil to $20 mil. The floor for a stock that is shorted **multiple times** the number of existing, legitimate shares is whatever apes decide to sell at. And there are **a lot** of apes going for higher floors in other threads (and in the comments below). 🚀🚀🚀🚀 +I'm trying to get my hands on a 992 GT3. Three dealers I've tried said they have no allocations available, especially for "someone they don't have a prior relationship with". They're pretty much saying "buy Macan Turbo for your wife and maybe we can talk". + +Last year a friend old mine wanted to celebrate a big exit with an SF90. A Ferrari rep first lied to him saying there are no allocations whatsoever, and after being pushed, proceeded to say he needs to purchase other cars first. It's ridiculous. + +In any case, I realise I can get a gt3 off the second-hand market, but I'd feel like a sucker paying above MSRP ...but more importantly, I'm looking for a very specific config (without buckets, with isofix, etc - I want to daily this thing) that's not very common. On top of it, I know I'd love experiencing the car way more, if I built it myself and have it set up exactly to my liking. + +I don't have any experience buying exotic cars and I'm a bit lost. I'd appreciate any tips on getting my foot in the door and securing an allocation. I'd gladly pay for help, too. I'm in Eastern Europe, if that matters. +Wife and I are in FL and looking to buy a home on a river that is a short boat ride out to the ocean. My question is for those who live on a body of water, what are the unknown downsides besides higher insurance and higher maintenance costs like for a sea wall and dock? + +thanks +We just passed 90 days from the RIP DUMB ASS tweet. Wasn't their something about giving the DTCC 90 days to get their shit together before GameStop makes a move themselves??? 🤔🤔🤔🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +https://preview.redd.it/j6qy0ynci6k71.png?width=1176&format=png&auto=webp&s=2a3c2bd9b2e419bc21526429a5504a1d791a2cfb + +Bear with me now..... + +https://preview.redd.it/6iip7x25j6k71.png?width=680&format=png&auto=webp&s=106e73d416e06b05842fe3bb9ff33c1660f1550a + +Also. We need more rockets! stonks go up when rockets are involved 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I have been thinking of writing this for more than a month. But the reason I delayed it was because I wanted to live through what I planned on sharing. And now that I have followed my thought process for more than 2 months, I am penning it down. + +Let me start with some points that we already know. But it is good to be reminded of them anyway: + +* Corrections are part of the market cycle. + +* If there is bull phase then there will be a bear phase. + +* The way we feel happy during bull phase, it is normal to feel sad during the bear phase. + +* A stock is hardly ever perfectly priced — it is either over valued or undervalued. + +* When the stock is over valued we will be surrounded by news and views yelling why the company is so great and why the stock should go even higher. And when the stock is under valued we will be surrounded by news and views yelling why the company sucks and why the stock should go even lower. + +* Eventually all PE of all stocks will reverse to mean, either via time correction (with EPS catching up) or with price correction (with price falling). + +* Sector rotation is real. + +* Companies with honest managements will definitely bounce back both on earnings and stock price front. + +* If you have fresh money to invest then look at companies that you always wanted to buy during the bull run but found them expensive. + +* Remember: If is better go buy great company at a fair price than buying fair company at a great price. + +* While buying always buy in SIP mode. No one can buy a stock at its bottom all the time. + +* If you are too scared to invest in a company’s stock directly than invest in ETFs like JUNIORBEES an NIFTYBEES. + +* Remember the fun fact that, stock market is the only place where people want to buy things when they are expensive and not when they are cheap! + +* You will make more money only when you buy when stock are cheap. But stock don’t trade cheap without the accompanying fear and negative news flow. + +* Make sure you are having a balanced portfolio. Al least 5-6 sectors and 2-3 companies in each sector across market cap. + +* And finally, if you believe that India will grow at 7-8 percent with an inflation of 4-5 percent then you are bound to get 13 percent plus returns from all above average companies! So, if you believe in the Indian growth story then you have to stay invested in Indian equities. + +So, what helps me get through such times: + +* Go through all your holdings and ask the following question for each company: I had bought this company with such-n-such premise, has anything except the stock price changed on that fundamental front? + +* Sleep through the crisis: While it is not possible to literally sleep off for 2-3 months, you can do the next best thing:- Stop seeing news and reading newspapers. Stop visiting investment forums. Unsubscribe from investment related WhatsApp groups. Stop logging into your portfolio. Stop checking the stock price of the companies that you hold. Stop discussing stock with family and friends. Basically act as if you are not invested in the markets at all. + +* Don’t take an emotional impulsive decision based on something that you read or heard from a market pandit or a friend: There is a chance you will get swayed by all the negativity on the news/views front and the stock price front and will end up making a stupid emotional mistake if you try to make sense of the situation by listening to experts. Believe me when I say experts have to say what they say as that is their job. They have to act like one to be invited on the shows. But it is very likely that most of them are not much better than an average investor. You will hear people justifying the market move by using various parameters like, price of oil, inflation, INR-USD rate, asset liability mismatch, credit shortage, rate hikes, rate cuts, Indian elections, geo-political climate etc etc etc. Eventually if experts see a hole they will find a peg to hammer it in! So stop trying to analyze the move. Just make sure the companies that you are holding are performing as per your expectations. + +PS: Personally I am still following the above 3 points and hence I am temporarily inactive on this sub-reddit. +Interesting that I could not find many resources on this apperantly a common issue. + +I have been working abroad for quite some time now. Most of my investments are in ETFs etc manage in Euros. However I also have an SIP and couple of FDs n RDs in my Indian bank accounts that I fund by remitting money. + +Due to recent developments (when INR tumbled quite a lot against euro. Even tho it's uncertain times for Europe too) I realized that be aise of this regular remitence to Indian investments I have exposed myself to quite a lot of currency risks. Even if I get 7-8% of interest on my investments in India. When INR tumbles I might be losing money instead of gaining. + +I am specially worried because I hear forecasts that in 5-6 years INR might go upto 100 compared to one euro (It has been on a steady downward trend since 2003) . + +How do you guys see this Forex Risk ? And do you employ any strategies to mitigate it? + +PS: Anothee thing I forgot to write earlier is that when we invest in Emerging markets EM or MFs due to our investments in India.. isn't India highly overweighted already in our portfolios ? +* Which bank should you choose for savings account or fixed deposits? +* Should you invest in mutual funds via MFUtilities, Kuvera, Groww, Invezta, FundsIndia or some other platform? +* Do you want to know which brokerage to use? Zerodha? Sharekhan? HDFC Securities? Kotak? ICICI Securities? Interactive Brokers? +* What has been your experience with mutual fund houses? +* Which insurer to purchase insurance from? +* Did you find a robo-advisory service useful? +* Which portfolio tracking app should I use? + +You can discuss the services and products offered by the banking and financial industry here. Reviews posted here can be relied upon by newcomers to evaluate customer experience. + +Please confine the thread discussion only to reviews or requests for reviews of products and services. For advice regarding portfolio allocation, the bi-weekly advice thread is recommended; discussion will be moderated to ensure that older threads (once archived) provide sufficient information regarding products and services to the greatest possible extent. +If the powers at be decide to take action against some of our fellow long holders once we start seeing other-than-sideways trading, I think it’s important that we all remember any action taken against investors is an action against everyone holding GME. + +I fully expect that if any actions like PCO’ing or forced position closing are taken, they’ll be accompanied by a flood of shill posts along the lines of “you should have DRS’d!”, “it’s your own fault for staying in etoro!”, and “you should have bought 100% shares and not any call options!”. While you may somewhat agree with these points, there are a lot of investors who believe in GME that aren’t on this subreddit, and may not know any better. Also remember that any forced selling or disabling of buying hurts EVERYONE who has invested in GME, and all individual investors should feel compelled to get loud about any such shenanigans and fight them with public opinion. + +Yeah, someone who holds GME in Robinhood may be a bit of an idiot, but that does NOT mean it is okay for their fully-paid positions to be closed against their will. + +EDIT: You guys are amazing. Really. I m exploring technical writing and resume writing seriously and will update you. Thanks again. + + + +EDIT: +Guys thank you very much. I really appreciate your help. Cant believe i have received so much love from everyone. I am going to concentrate on resume writing and eventually technical writing as side gig. I promise to keep everyone updated. + + + + +Sorry admins! if this is not relevent, please feel free to delete. I apologize. + +Sorry a long time lurker. I am stuck in a desperate situation as my wife is not working and due to some circumstances, I am unable to disclose, I will need to pay mortgage of my parents home which I didn't expected and no one did. I bought a house spent my life savings on it. I am working in IT and getting good salary but it won't be able to pay two mortgages. I do not want to change jobs as my previous jobs and managers were hell and I got mentally stressed from that. I do not want to take this risk again ever again. + +&#x200B; + +I have tried uber eats, doordash and resturants had me wait for 20 min sometimes and I got sick recently. I am least concerned about my saftey but have kids at home so I stopped it. I am an immigrant so I won't be able to tutor jobs. Any help or suggestions will be live saving and I would personally pray for you and thank you dearly. +This is a tinfoil theory and not some DD. I want to make that clear before I discuss this. I don’t have a lot of experience with making posts so I’m not sure how to add pictures to this. Earlier today I commented [Here](https://www.reddit.com/r/Superstonk/comments/w68hqq/rc_tweeted_left_for_dead_on_711_msm_writes_about/ihclzc2/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) about what GMErica is and what I think it means for Blockbuster and other potential partnerships GameStop can have with other companies. Someone else may have already thought of this so if this idea has already been discussed sorry to disappoint you. + +What is GMErica? +I think GMErica is an upcoming metaverse mall where other companies can open their own virtual store and help customer shop virtually in the metaverse for items. One stop shop for all shopping online for different companies. Kind of like a real world mall but online like amazon. It will have the best of both worlds. You can interact with other users online, shop around for different companies and read reviews and order it online. + + When you buy some collectibles for example you’ll get an NFT version for it in the metaverse which is tied to your wallet address and you can also get the same item physically by visiting a GameStop location or have it shipped to you by GameStop. This makes sense for limited edition collectibles as now the NFT has value for not just being a digital item but having it tied to a real world physical item. And it’s pretty cool to have both versions and only paying for it once. + +Why is it called GMErica? What does it have to do with America? +Has anyone ever heard of the largest mall in the U.S. and the largest mall in the Western Hemisphere? It’s called Mall of America in Minnesota. It’s a famous mall for being the biggest mall in the U.S. with a bunch of attractions and many stores. They have everything from Lego stores to an actual GameStop store. + +GameStop can build a virtual Mall of America in the metaverse aka GMErica. This is how you crush Amazon, by building a platform that attracts users,, companies will want to partner with you just like they want to partner up with amazon. Many companies already have VR/AR shopping experiences for users but the problem is you need a different app/website for each company. And it works on some devices and not the other. Instead of having 10 different apps on phone to experience their version of AR/VR shopping just go to GMErica and shop virtually for your clothes, iPhones, games, and toys/collectibles. + +What do Sears, Toys R US, blockbuster and GameStop have in common? They are all retail stores which exist in malls where people go to shop. Since Malls are dying and online shopping is taking over this is the next best thing. + +What does this means for blockbuster? +GMErica can allow blockbuster to sell, trade and rent digital movies in the metaverse and everything is traded as an NFT even the movie collectibles. + +GameStop already has great customer service, large warehouses and fulfillment centers. If you builds this metaverse THEY will come. Metaverse is a $40B industry right now. BY 2030 many companies are estimating it’ll be worth trillions of dollars. If GameStop builds a metaverse it’ll be seen as a growth tech company and be valued like other metaverse companies. + +https://www.obsessar.com/the-metaverse-is-the-new-mall/ + +Alibaba’s Taobao has already launched a “Metaverse Mall” in China on May 2022. + +TLDR: GMErica is an online metaverse mall where companies can have their own stores and allow users to shop virtually. You can simultaneously buy NFT’s and real life products shipped to you like regular online shopping. Keep the digital NFT in metaverse, enjoy the real life items in person. Metaverse version of Amazon but better and without fake sellers and fake items. + +Edit: Thank you everyone for the upvotes, comments and awards. Some of you here mentioned that you’ve heard about this idea before. I mentioned in the beginning of the post that you may have heard it before. I have read theories of GME doing a metaverse or GMErica being a metaverse/NFT marketplace before but I only heard about bits and pieces here and there. I sort of got curious today when I started to wonder what happened to GMErica since NFT marketplace is already released and why GMErica is named after America. That was the main reason for this post. Anyone can take credit for this theory as far as I’m concerned. I just wanted to share this conceptual idea and discuss about GMErica, blockbuster and metaverse. +Guten Tag to this global band of Apes! 👋🦍 + +Another exciting day HODLing GME! Am I the only one who saw how easily the price rose over $10 yesterday, until the Short Hedge Funds activated the shorting machine and tried to regain some control? It gave me the strong impression that the SHFs are losing their grip on the price, and any slips become more significant than they can tolerate. The quarterly futures must be closed and settled by market open on Wednesday, so there's a lot of anticipation about what the next few days will bring. As more and more Apes are pushing their shares to ComputerShare, out of the hands of the enablers at the DTCC, the pressure is ratcheting up on SHFs. Which fund will move to close its short positions first? Are they *all* hopelessly underwater, without any chance of survival? Stay tuned, and stay Diamantenhände! + +Today is Friday, September 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$210.31 / 177,94 €** *(volume: 1456)* +- 🟩 115 minutes in: $210.34 / 177,96 € *(volume: 1204)* +- 🟥 110 minutes in: $210.19 / 177,84 € *(volume: 1199)* +- ⬜ 105 minutes in: $210.31 / 177,94 € *(volume: 1197)* +- 🟩 100 minutes in: $210.31 / 177,94 € *(volume: 1197)* +- 🟩 95 minutes in: $209.77 / 177,47 € *(volume: 967)* +- 🟩 90 minutes in: $209.75 / 177,46 € *(volume: 950)* +- ⬜ 85 minutes in: $209.71 / 177,43 € *(volume: 942)* +- ⬜ 80 minutes in: $209.71 / 177,43 € *(volume: 940)* +- 🟥 75 minutes in: $209.71 / 177,43 € *(volume: 935)* +- 🟥 70 minutes in: $209.72 / 177,44 € *(volume: 913)* +- 🟩 65 minutes in: $210.00 / 177,68 € *(volume: 771)* +- 🟩 60 minutes in: $208.14 / 176,10 € *(volume: 664)* +- 🟥 55 minutes in: $208.05 / 176,02 € *(volume: 578)* +- 🟩 50 minutes in: $208.07 / 176,04 € *(volume: 574)* +- 🟩 45 minutes in: $207.45 / 175,51 € *(volume: 472)* +- 🟥 40 minutes in: $207.43 / 175,50 € *(volume: 472)* +- 🟥 35 minutes in: $207.45 / 175,51 € *(volume: 441)* +- 🟥 30 minutes in: $207.48 / 175,54 € *(volume: 399)* +- 🟩 25 minutes in: $207.53 / 175,59 € *(volume: 345)* +- 🟩 20 minutes in: $207.50 / 175,56 € *(volume: 301)* +- 🟩 15 minutes in: $207.48 / 175,54 € *(volume: 241)* +- 🟩 10 minutes in: $206.91 / 175,06 € *(volume: 150)* +- 🟥 5 minutes in: $206.84 / 175,00 € *(volume: 50)* +- 🟩 0 minutes in: $207.06 / 175,19 € *(volume: 48)* +- 🟩 US close price: $206.37 / 174,60 € *($205.30 / 173,70 € 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 1.18194229. 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! +Hey everyone. Just sold an old car for $4.5k and don’t need the money for anything particular. 23yo, $80k salary, paid off new car, $12k in my Roth, $10k in an individual account, $10k in savings, 401k at 10%, no bills/live with mother. + +What should I invest this $4k into? The market is crap right now, but I’d like to try investing into something more aggressive. Would love some feedback, thanks. + +Hi so when I was young my dad sued a company on my behalf for a wrong doing on me. And now I have this large some of money it’s sitting in a bank account gaining interest rn. I kind of want to never touch this money until I retire but I was thinking of getting an investor to invest it for me but my dad keeps saying it’s the wrong time to do that rn or do anything with it anyone got any ideas? + + + + +P:S I just want this money to go tours my retirement and somehow learn a way I can put this money into something else so I can make more money 😂 + [bduy](https://www.reddit.com/user/bduy/)[7 minutes ago](https://www.reddit.com/r/Superstonk/comments/muzbp3/new_dtc_rule_came_out_dtc2021007/gv8vcid/?utm_source=reddit&utm_medium=web2x&context=3) + +When settling debts between parties, the current system allows an + +"agreement between the parties provides for an adjustment unknown to DTC. The parties can settle the adjustment away from DTC or one of the parties can submit a manual adjustment via the APO service. Unfortunately, manual processing of adjustments via the APO service is subject to a number of shortcomings. For example, the adjustments are not subject to DTC’s risk controls" + +They are trying to make the debt claim process more transparent and streamlined, especially with their own risk parameters. + +TLDR: DTCC wants everyone to be like the Lannisters. + + +\---------- + +New DTC came out DTC-2021-007 Don\`t know what this is Anyone have an idea? + +[DTC-2021-007](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-007.pdf) + +DTC + +Update the DTC Corporate Actions Distributions Service Guide + +[https://www.dtcc.com/legal/sec-rule-filings](https://www.dtcc.com/legal/sec-rule-filings) +I’ve been working with a lender to do a cash out refi on my primary residence to purchase a cash flowing 4-plex. I just received my final disclosure form with loan details and it was not what I was expecting. My numbers: I owe 550K on a 850K loan on my primary residence at 2.75 30 year fixed. The mortgage is 3200/month. The property appraised last week at 1.25M. I want to take out 250K of equity with a cash out refi. +The numbers for the new loan are 5.95 30 year fixed with an estimated mortgage of 5100/month and closing costs of 39K! +Even with this 4-plex cash flowing at 4000/month, it will not offset the increase of my mortgage. And 39K closing costs? Does this sound right? Am I fool to move forward? I was all ready to go until I got these numbers a moment ago. Please advise. + +Update: Spoke with lender who said these are not fixed numbers as they have not received the appraisal yet. + +Update 2: If I’m understanding everyone here correctly I should NOT refi from a 2.75 30 year fixed to whatever is being offered. I should get a HELOC or second mortgage. +I am going into a high pay, high work hour job and will have close to no time to do REI on the side. Other than investing in a REIT, are there other platforms out there that allow you to build a rental portfolio 99% passively where you're still acquiring the equity in your portfolio? My thoughts on the following: + +Lending Platforms (ie. Groundfloor) - only acquire debt assets. No tax benefits like depreciation + +Roofstock - comes close but I've heard not so good reviews + +Typical PM Services - most that I've seen seem to take care of tenant-related responsibilities, but I haven't seen any that keep the property-related responsibilities passive for you (ie. Maintenance, repairs, etc) + +Are there any good turnkey rental property services out there that cover everything from sourcing to managing? +I'm (20f) living in another state than my family, and i just found out my mom (45f) and little brother (7m) are in my hometown and they are homeless. She hadn't spoke to me or anybody in months, then out of the blue she sent me a text saying she and my brother are living in their car. + +A small back story: (kinda confusing) + +My mom has five kids. One is older and on his own, then there is me, my sister (16), my brother (7) and other brother (4). About two years ago, my mom found her now ex-husband that had been in jail most of his life and suffered from mental illness. He and my mother soon started to neglect my three younger siblings (i had already moved across the country, so i couldn't help take care of them anymore.) My sister (16) told the police and she moved in with our dad (we share the same dad.) Then my smallest brother (4) moved in with his dad. My seven year old brother has been living with my mom and her "ex-husband" for almost two years now, but he went psycho and she finally left his house. + +Now that my mom has told me they live in their car, I know i can't help them, and i'm not sure what to do. + +Is there any way i can help them? I've tried asking them and people from that town to help, but no one will. + +Edit: + +The state they are in is Tennessee and I'm in Texas, so I'm not close. I am getting them a gym membership and trying to get my brother another place to stay. + +Thanks to everyone that commented; I read them all but haven't responded because I'm really trying to figure out what to do and I'm kind of sad lol. But thank you all, I can't thank you enough for caring enough just to comment and help me. Thank you! +EDIT: UP 4.2% now. 4.7% now! WE RICH AGAIN BOYS! + +Dead cat bounce - or will it continue as the fools who sold yesterday rush to buy in on Friday when it's up another 5%? + +The good old sell low, buy high strategy. + +I'm calling it now - 2019 will be another good year as the economy continues to chug along and the fed pauses raising rates. +My mate has recently arrived in Australia, He has been offered a job in beauty industry for $12/hr cash. However, The employer has said that he has to sign a contract that he won't leave for at least a year, or else he has to pay up to $4K back spent on his training. + +This is pretty confusing and new to me, and wondering if this is even legal? +This didn't get a lot of traction but I thought I would update in case anyone else ever runs into this issue because it's a violation of the FCRA and I could have received damages if the CU hadn't fixed in 30 days (45 now because of COVID). + +TL; DR I submitted my car payments through the CU's app, got email confirmations, and they didn't take the payments from my checking account at another CU and caused me to get two 30 day lates. They had taken the payments before and have since. + +To be really clear, Car Loan CU never attempted the payments from Checking Account CU. + +[Orignal Here.](https://www.reddit.com/r/personalfinance/comments/f9yu4s/submitted_electronic_payment_to_credit_union_get/) + +I didn't get a lot of helpful advice and unfortunately, I got shamed for being sick and being late....but a sincere thank you to those of you that did help. + +I wrote a certified letter to the CarLoan CU's CEO with my email payment confirmations. Nothing fancy, but I explained the situation and asked them to remove the late payments. + +It was delivered yesterday. Today I got an email saying the late payments would be removed. + +I didn't have to write the credit bureaus or the CFPB or anything like that. + +That's all fine and dandy, but what is really important here is that this kind of thing is covered under the Fair Credit Reporting Act. A financial institution can't confirm payments and then just not take them. This issue is entirely different from whether not I paid past a certain time or was close to 30 days late. They confirmed the payments and never took them. + +I got connected to a friend of a friend of a friend lawyer who specializes in these kinds of violations and he said it's an easy case to sue and get a settlement but **I have to send a letter first and let them remedy**, which they did. If they haven't, he would have taken the case and I could have sued for damages as well. + +Since the COVID mess has hit, these late payments are even more critical because it looks like the SBA loans for businesses are going to look at personal credit and I would have been automatically disqualified. + +But the lawyer explained that the CarLoan CU could have been liable for damages in the amount of the declined loan, so that was good to know. + + +I'm not sad I didn't get to sue for damages. With the COVID thing going down I'm just glad it's fixed. + +Just wanted to get the resolution down for the archive. + +Cheers! +Obviously we all like green and that's why we're invested in this market. But one thing that struck me is how calm or more balanced this sub has become as a result of a bear market. + +During the bullrun of 2021 this place was so full of scammers, bots, hype and just pure psychosis that anything reasonable or slightly contrary was off the table. + +Every second post was a shill coin promising to be the next pump with fake replies and down vote armies at the ready. The swings in profit were so large that even just two days of red candles would ignite insane tribalism. + +Ever since the bear market I noticed there's some balance going on, people aren't afraid to be honest about the state of the market or even certain projects. Nice to see a little balance, even if only for now. +[http://wallstbulletin.com/2019/03/confirmed-two-coca-cola-executives-join-cannabis-industry-auror-aphria-and-canopy-growth-in-spotlight/](http://wallstbulletin.com/2019/03/confirmed-two-coca-cola-executives-join-cannabis-industry-auror-aphria-and-canopy-growth-in-spotlight/) +So I remember during covid crash oil went to negative. People were paying to get contracts off their hands because they physically could not store the oil. + +What ever happened with that? I assume they found the room because I didn't hear of a ton of companies dumping 1000 barrels into the ocean. Did companies that got paid to take the oil make a good buy? Any stories of what places had to do to make the extra room? + +All I heard was the news stories and everyone going "This is crazy!!" but then almost nothing after that +**TLDR:** Trying to find out if there's a point to me going in debt to get a degree in Computer Science if companies likely won't hire me due to my criminal record and lack of experience at 25, and the fact that my criminal record shows mental health issues as described in the 2nd paragraph below this one. + +I've been in and out of the psychiatric system in BC since 17 when I tried to hang myself. Recently I had to escape BC and went to Ontario because I was being forced to be injected with antipsychotics there after being misdiagnosed as bipolar and it was negatively affecting my quality of life, athleticism, mental cognition, and etc. I've been seeing an endocrinologist here in Ontario for treatment for hyperprolactinemia, hypothyroidism, and hypogonadism, and am now almost ready to work. [This](https://www.cbc.ca/radio/the180/facts-vs-values-in-canadian-health-care-forced-psychiatric-care-and-urban-indigenous-people-need-a-voice-1.3764173/a-psychiatric-refugee-why-one-woman-fled-b-c-s-mental-health-laws-1.3764440) CBC article talks about a woman who fled from BC to escape its mental health laws like I did, and that article and [this](https://clasbc.net/charter-challenge-of-forced-psychiatric-treatment-filed-in-bc-supreme-court/) one talk about how "BC is the only jurisdiction in Canada that still uses a ‘deemed consent’ model" and "people who are involuntarily detained under BC’s Mental Health Act – or released from hospital on leave – currently have no right to give or refuse consent to any psychiatric treatment. They are legally ‘deemed’ to consent to all psychiatric treatment and can be forcibly administered medications and electroconvulsive therapy, even when they are mentally capable of making their own treatment decisions". + +Because I ran away from BC, I now have a provincial warrant for my arrest there and am living in an Ontario shelter. The Ontario police told me they evaluated my case and are not gonna extradite me to BC luckily. But the problem is that this warrant for my arrest will probably stay on my criminal record, and most office jobs typically background check. Furthermore, I've been to jail 3 times for assault, stupid bar fights and one incident where I punched a bus driver for yelling at my then-girlfriend. I also have no significant work history (only 6 months at a fast food chain and 2 months in another) because of being in and out of the psychiatric system. + +You guys can judge me as being crazy or being a piece of shit for my past actions, but surely everyone here can agree that a 25 year old should not be doomed for the rest of life because of mistakes he made in his youth. I got good grades in high school and want to get a degree in Computer Science and turn my life around, but because of my past criminal record along with the new BC Mental Health Act warrant for my arrest, as well as the fact that my work history on my resume is essentially empty even though I should have 7-9 years of experience by now at 25, I feel like I'm doomed to failure before I even start as no one would hire me after I got my CS degree. Can anyone please give me a gameplan or an outline of what to do? I really don't wanna resort to a life of crime but I also don't wanna spend tens of thousands of dollars on a degree if no one is gonna hire me after I graduate due to background checks. I just want a normal life and to work a normal office job in tech. +Most of them uses free float market cap or total market cap. What are the alternate ways to create an index which closely resembles the Indian economic scenario? 1 could be keeping upward sector cap by contribution to GDP. Like if banking and financial sectors GDP contribution is 30 percent. Weightage should not exceed 30 percent in the new index. +I'm from Lebanon and if some people here are not aware, we're going through a disastrous economic/social/political crisis, went through a 2700 tons ammonium nitrate explosion at the port, and to top it all COVID lockdowns. +I lost my first job because of the explosion and my second one because of lockdowns, banks won't allow us to withdraw our own money and our currency is worthless now due to a 380% inflation rate (1USD is now worth around 8,500Lebanese pounds) +In July I put all I had left in Bitcoin, and after the explosion in August, I started freelancing for Bitcoin jobs I found on some subs here and from my Instagram illustrations page. +In the last 4 months I saved more than I did in the last year and, not only my money did not lose its value but it practically doubled! +Bitcoin is freedom, Bitcoin is our only way out! +Hello, + +BlowFish has officially launched **Millionaire Makers**. A smart contract-based lottery on Binance Smart Chain. https://blowfishlottery.app/ + +# What's Millionaire Makers? 💸💸💸 + +BlowFish's Millionaire Makers is a lottery running on BLOWF tokens. Using our website, players can submit BLOWF tokens in a 3 day running period. At the end of the period, the smart contract randomly decides a winner and pays out 95% of the pool. As a deflationary BlowFish project, 5% of the pool is burned. A new lottery pool is then started. The [smart contract](https://bscscan.com/address/0x0b70744d4ed75a8cbfa7971f450aefe47684e7ee) handles all of this logic. The lottery terms are fully transparent. + +This DApp integrates with BogTools' RNG Oracle to obtain verifiably random numbers. We're excited to be the first official users of BogRNG. + +Feel free to play! At a low cost per player, we can make 1 person rich every few days :) + +# What's BlowFish? 🌊🐡🌊🐡🌊 + +BlowFish (BLOWF) is a fun, memey utility token. Our purpose is to be a **platform for entertaining DApps** that encourage deflation. BlowFish is now just over 2 weeks old, sitting at a ~$700k marketcap. + +Our community is hugely supportive and rapidly growing. In the past couple weeks, we've had 4 developers offer to help build DApps and an awesome designer create our mascot. Check out our website below to see future project ideas. + +For the meme potential for BlowFish, just look at what the community created: https://youtu.be/KRDG_Vl1bC8 + +We have ambitious plans to grow the BlowFish platform. We think we have a unique take on the meme token trend. + +# Links + +BlowFish website: https://www.blowfish.one/ + +BlowFish MillionaireMakers: https://blowfishlottery.app/ + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA55BB91dE33B4abdf3aC64913D98A55ad84Dc3A8 + +Price charts: https://dex.guru/token/0xA55BB91dE33B4abdf3aC64913D98A55ad84Dc3A8-bsc + +https://charts.bogged.finance/?token=0xA55BB91dE33B4abdf3aC64913D98A55ad84Dc3A8 + +Telegram: https://t.me/blowfishtokengroup + +Twitter: https://twitter.com/blowfishtoken +[https://www.huffpost.com/entry/jack-dorsey-stepping-down-twitter-ceo\_n\_61a4e36fe4b025be1aec6591](https://www.huffpost.com/entry/jack-dorsey-stepping-down-twitter-ceo_n_61a4e36fe4b025be1aec6591) + +Twitter investors seem to like this, but interesting that SQ is flat. You'd think this would be good for SQ since he can now focus on just that company and not divide his attention. +[**Read the full article here**](https://www.ft.com/content/e870dd10-223c-411e-9e72-53c3b8e609b6) + +>Evergrande has warned it risks defaulting on its debt if it fails to raise cash, as China’s most heavily indebted property developer battles to stave off an unfolding liquidity crisis. The unusually stark wording from the company came in an interim earnings statement on Tuesday that confirmed a profit warning issued last week and outlined a series of measures to shore up its finances that include selling properties. +> +>“The group has risks of defaults on borrowings and cases of litigation outside of its normal course of business,” Evergrande said, adding that it would pursue further asset sales, control costs and seek to attract new investors. The warning comes as Evergrande experiences the worst upheaval in its history, with a stream of recent problems raising questions over its access to financing, forcing it to sell assets and earning it an unusual public rebuke from the government over its debt risks.... + +For those not aware, Evergrande is the largest real estate developer in the world. And it's arguably the largest real estate developer in the largest real estate bubble in the world. + +I'm sharing this because ***if*** this were to default, it could be a trigger for some much larger market turmoil. Evergrande represents potential systemic risk both in China as well as the global financial markets. IE, this defaulting ***could*** be a bit of a Lehman-esque type moment. + +With that out of the way, I want to be very clear - **\*\*this is NOT likely to default\*\*** since the strong likelihood is that it will get a bailout due to the system wide risk attached to it for China. Edit: and also just to add, China controls a lot of levers in their economy that you would not see in western free markets. This can potentially prevent things from spiraling in a negative manner. + +With that being said, history has a lot of examples of policy mistakes, or attempts to control asset bubbles that simply end up popping the bubble. I stated this a few months ago, but the current attempt from Chinese policymakers to control debt and reduce economic risk is a tightrope walk, and there are legitimate risks of overtightening. With that said, China has a LOT of control over all the levers in their financial system, so if any country would be able to stop a cascade, it's likely China. + +The result is that this is more likely to be a bottom for Chinese markets assuming it gets a bailout. But there is a small tail chance that the complete opposite happens and things really fall apart. Since that chance is larger than normal (but still not large) and the magnitude of effects are enormous if it were to occur, it's something that's worth at least being aware of. + +**Note:** Please at least try to refrain from making this into an ideological or political debate about China. Given, sometimes these things merge into the financial realm of discussion, but at least try to take a neutral view of this. +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) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +[https://twitter.com/JCap\_Research/status/1359653781395316737](https://twitter.com/JCap_Research/status/1359653781395316737) + +&#x200B; + +A lot of their claims seem absolutely fictitious. For starters: + + 1. Verisk and insurance related risks have already been accounted for due to the lawsuit that ensued. + +2. Ross Norgard sold his shares down by force of margin call post divorce. + +3. Competitive tenders are perfectly normal and I can show some where Nearmap competed with Eagleview and won. + +4. "Hacking" the system to reduce bandwidth consumption of their mapping is no hacking. Exporting to ESRI is perfectly normal consumption. +My partner and I are FTB and have had an offer accepted on a flat that has all of our wants and needs. It’s in south London, zone 3. We’re 28yo, so I can see us moving out after 5-6 years to (hopefully) have some more space for a few kids. + +I’m not sure whether I’m having cold feet generally because it’s our first property purchase or because I’m suddenly not sure about a flat vs house (?). It’s a great flat but I‘ve recognised the huge advantage of being a FTB and I can imagine the stress of moving in a few years with child(ren) in tow/pregnant and a chain. + +I’ve written a list of pros and cons, and at the moment the huge pro is living in London - but I’m not sure if we’ll care about that in the future as we mature and start a family. It’s also quite an expensive flat at £650k, which can buy a lovely semi detached house just outside of London. + +Would like to hear if anyone regrets buying a flat first or found that they moved to a house pretty soon after buying a flat? + +ETA: It’s a top floor flat of a converted Victorian townhouse so no cladding issues or service charge etc. + +ETA 2: Thanks everyone for their replies! It’s really been so helpful! +I'm really disturbed by how this subreddit has more memes than genuine discussions. The entire vibe seems to be about creating an unsubstantiated hype and creating extreme fomo in the minds of novice and naive traders looking to make money. + +Yes, I also feel ETH will do well in the long run unless there's a major regulatory hurdle, but that doesn't mean that it's wise for anyone and everyone to invest in it. Please learn more about what ETH is and only invest amount you're okay not liquidating for a good period of time (or better, losing completely). Dont put in your hard earned money into something you don't understand + +Even if you invest one week later or month later or don't invest at all after understanding crypto for yourself, it's okay. A period this small wouldn't matter in the long run. You must have heard of teenagers who became billionaires through BTC, but you haven't heard of people who lost everything when the prices dropped because they went all in for crypto. Please invest wisely. +I’m considering keeping my first house after I move out to rent it out and see what it’s like before seriously investing in real estate. The problem is it is somewhat rural and rent is cheaper than it is in the surrounding cities. + +I bought the house for $95k, put $8k into upgrades and it’s worth roughly $110k now. After insurance, pmi, taxes and all that I’m paying $688 a month for the mortgage. I could probably rent it for 800-850 a month based on the area. Or I could just sell it and use the money for a down payment on a different property in the city. Thoughts? Thanks in advance. +&#x200B; + +[DFV Arriving from the future sent back by R.C.](https://preview.redd.it/4szp0dqt4va71.png?width=449&format=png&auto=webp&s=378371c27a366b89a9e41aa741fccd79517341d3) + +Hey apes, I've been reading into ***FINRA's Regulatory Notice 21-24*** and I feel like there's a huge piece of the puzzle that people are glancing over. Happy to talk about any oversights or oversteps of my analysis to make sure this is spot on. + +Everyone keeps pointing to the impact on short sales, but this feels SO MUCH BIGGER than the short sale stuff. My interpretation is that this actually closes the loop on the married call/put issue, effectively neutering it, which is AMAZING NEWS for the apes. + +\--- + +**TLDR**: **The rule clarifications (effective immediately), if enforced (and that's a big IF) could lead directly to the end game, potentially getting the party started (assuming this is all enforced) at the most appropriate time: the start of MoonJam. The changes mean it will be physically impossible for the hedgies to kick the can down the road via** ***OTM*** **puts anymore due to the steep margin requirements to initiate a transaction.** + +[Hasta la vista baby.](https://preview.redd.it/h76gkb3n4va71.png?width=500&format=png&auto=webp&s=fff86a70cdac503900b24bb33597153af38b01a1) + +**---** + +Let's start at the beginning, which is actually the end. People keep getting stuck on $2,000, probably because the rules keep referencing it. Let's look at Endnote 1 though regarding what the initial margin requirement actually is on which they are offering a clarification: + +>Rule 4210(b) requires a customer to deposit margin in cash or securities, which shall be **at least the greater of**: (1) the amount specified in Regulation T, or Rules 400 through 406 of SEC Customer Margin Requirements for Security Futures, or Rules 41.42 through 41.49 under the Commodity Exchange Act (CEA); (2) the amount specified in paragraph (c) of Rule 4210 (the maintenance margin requirements); (3) **such greater amount as FINRA may from time to time require for specific securities**; or (4) **equity of at least $2,000** except that cash need not be deposited in excess of the cost of any security purchased (this equity and cost of purchase provision shall not apply to "when distributed" securities in a cash account). The minimum equity requirement for a "pattern day trader" is $25,000 pursuant to paragraph (f)(8)(B)(iv)a. of the rule. + +My interpretation (which is not financial advice...I'm just an ape who used to read/decipher financial legalese for a living but is still a smooth brain whose words should be taken with a grain of salt) is that $2,000 is the FLOOR, and the only "known" number used because everything else has some level of subjectivity or specificity. IMO, they keep using $2,000 in the clarification text because it's shorthand for "whichever value is highest of the 4 options." That's what we used to call "capturing the spirit of the text" back in my MBA program. My two primate cents. + +Let's explore option 3 though, and see if FINRA made any specific requests for margin requirements on particular securities. OH YEA, THEY DID: + +>**/021 Minimum Equity**\[Omitted 1-4\](5) **Even if the resulting equity is less than $2,000**, the minimum equity requirement **with respect to the sale of an option** in the account would be satisfied by the **deposit into the account or under an escrow agreement** (as defined in Rule 4210(f)(2)(A)(xiv)) of:(A) **cash sufficient to satisfy the customer’s payment obligation** upon the assignment of the options **if it is a put**; or(B) **fully paid securities sufficient to satisfy the customer’s delivery obligation** upon the assignment of the option **if it is a call**;\[Omitted (b) \] + +&#x200B; + +[I need your FTDs, your Shorts, and your OTM Puts.](https://preview.redd.it/eteas7406va71.png?width=584&format=png&auto=webp&s=84977758d37dff17db8d4baea809228f04e678ae) + +So now it looks like opening a put requires posting cash to satisfy a payment obligation and opening a call requires posting the fully paid security. THIS IS INSANE. THIS IS NOT $2,000...it is MUCH GREATER. What I think this means is that if they want to execute a married call/put option trick, they will be subject to both of these margin requirements on execution of the trade. + +If I understand the mechanics correctly (and I may not...please, wrinklier ones, chime in), that means that for a put they need to post the difference on trade execution between the current fair value and the strike price for the entire transaction - the potential loss. Going off of the $0.50 and $1.00 strike trades expiring this Friday, that accounts for 178,936 contracts that will need to be renewed to cover the FTDs and kick the can down the road. If they wanted to roll them, it would be roughly a $200 difference...that's like $3.6 BILLION. And that's not even touching the call...the call half of the trick would require the FULLY PAID SECURITY. + +Now say there was an expected event in the near future when a new call would need to be made \*cough cough 7/16 option expiration cough\*, in order to open a new call contract to cover up some FTDs, if my understanding is correct, they would need to post 17,893,600 fully paid shares of GME as collateral. THAT'S INSANE, and IMPOSSIBLE with all us diamond handed apes hodling our moon tickets. + +On top of this, there's this gem: + +>**/022 Effect of Market Value Decline Below $2,000 Equity**If the equity in a margin account falls below $2,000 because of a decline in the market value of the security positions in the account **and no new commitments are made**, no deposit or liquidation is necessary. **For the purpose of this Rule, a same-day substitution constitutes a new commitment**. + +https://preview.redd.it/7sbnge4m7va71.png?width=457&format=png&auto=webp&s=d78dcf5f2f4c3d429e7ad92ba03a021bdd699583 + +While it may look like hedgies are safe if their collateral value drops, that's ONLY if they make no new commitments, and it is specifically called out that a substitution, i.e. rolling options, counts as a new commitment. This precludes them from the no-deposit-and-no-liquidation clause. If they try to roll the 7/16 expiring options, they will not be safe. + +The fact that this is happening right before this massive OTM put expiration makes this giddy ape think the start of the MOASS is right around the corner. With the daily collateral checks, and options expiring at EOD Friday, this makes me think that the first check that would show an issue would be after one full trading day when these contracts have already expired. That would be Monday, meaning the check that counts would be...Tuesday. MoonJam Launch Day. Buckle Up. + +Sorry for adding the date, but hot damn...7/16 is already hyped enough, what's a little more hype, amirite? + +**Other TLDR for those who scroll first**: Hedgies are fuk beyond belief. If this rule is actually enforced, it would seem they cannot continue to carry out the married call/put option trick to kick the can down the road, and the FTDs will start piling up in the millions after the 7/16 option expiration. MusicStop. GameStop. + +&#x200B; + +[Buy and Hodl](https://preview.redd.it/jdnx33v86va71.png?width=487&format=png&auto=webp&s=360d9f6d57587ef8d236d7bb1688b6c83baa5faf) + +&#x200B; + +Bonus meme: + +https://preview.redd.it/29le71ebkva71.png?width=486&format=png&auto=webp&s=52d502fac0631742799b159995ff7a40f96b806e +Brief rundown of my finances. + +I have $26,000 saved. I only spend about $1,000 a month and take home around $2,500. + +My current car is shot, so I need to buy a used car. I am thinking about getting a 2020 Toyota Corolla with around 40K miles. Should last me at least 10 years, if not 15. After taxes and all fees, it’ll run me around $22,200 to buy it. + +Is it a terrible idea to only have ~$4K left in my savings after buying the car? As I said, I can save around $1,000-$1,500 per month, depending on unique expenses of the given month. + +It’s a horrible time to buy a car. For example, a 2015 Corolla with the same mileage (50K) is still gunna cost around 17–18K before tax. So I feel like it’s worth it to get a 2020–I don’t want a car loan, which is why I’m going to pay in cash. +Many years ago.. I used to cut my profits short and let my losers run. I think the issue was that I did not want to be wrong ever. I remember I had an account size of like 1000 when I started and I took a huge loss of $450. That was a big chunk of my account.. I had a chance to get out at a $40 loss.. twice! I never did.. because I did not want to be wrong. + +When I finally realized that it’s all about letting winners run and cutting losers short, my whole trading started to evolve in the right direction. Now when I place trades I know exactly where I’m taking profits and where I am exiting. Nothing else matters and if I’m wrong I move on to next trade.. if I’m right I move on to the next trade. + +Anyone ever dealt with fear as well or greed? How did you overcome it? +It spiked up, paused for 5 minutes (OHLC all showing the same number), then dropped right back to where it was. Tradingview shows a similar thing. It looks like a trading halt, but since VIX isn't directly traded, I don't know how that would even be possible. + +https://preview.redd.it/utiljk20pmj81.png?width=783&format=png&auto=webp&s=19d7a6a968f393fb53158f19c12baf45c7621b98 +Hi, +I am trying to learn more about personal finance and want to ask you which podcasts do you listen and wich youtube channels do you subscribe? +Many thanks in advance. +Before we get into this, I wanted to point out some facts to save myself time (since I'm at work): + +- We have a family business that makes 350k a year. +- My father is the sole person in charge for all of it. +- I manage the business and create all the growth and do the behind the scenes work. +- I'm 22 years old and I started working for my father when I was 18. I own zero stake in the company. +- I get paid $670 every two weeks for my work by my father. +- Me, my sister, my grandma, and my mother all live in the same house as him. +- My mom makes an additional 40k after tax a year from her own company (gutter cleaning company) but gives it to him since he pays all the bills. +- We are also caretakers for my grandma and makes about 30k a year from that as well. +- We live WELL within our means. 200k mortgage (15 years in), house is worth 400k now, maybe 10k in debt in other things. 2 car loans (but they are leases). My father took out a line of credit for the extra equity on the home.. that's about 200k he has to "play" with which is fucking scary to think about. +- It's a financial problem because our debt to income ratio is completely fucked (I just know it, I've seen some of the statement my mother took earlier and opened it before he saw it). + +EDIT: One other thing is; I DID start my own company (licensed and insured of course) to prevent anything bad happening over 5 months ago after learning of my Dad's habits, and I've been just throwing my mother all the jobs I've been getting and she's extremely happy about it and has no idea it's me working from the shadows. *Only positive part of this post anyway*. I took her house cleaning/gutter company, re-branded it, made a super nice website with online presence and hope that if anything were to happen, I could use that and maybe with hard work get it big enough to be able to secure my family if my father wont. Currently working on SEO's and Adwords campaigns learning the ins and outs so I'm not ALL the way out... but I currently make 0 dollars from the company. + +Yesterday, after many scares/worries my mother caught him gambling at a Casino. God knows how much he has spent over the last 6-7 years. He goes out every single weekend to hang with "friends" but we think it's just him gambling. This is NOT the first time we caught him. I personally caught him when we went to Vegas to "scout out new locations for our business". What actually happened? He left at 5pm and didn't come back til 8am the next morning from gambling. According to my mom, we have 0 savings. We have a few thousand here and there for bills/employees but that's it. + +My mother knew my father was always a gambler, and while she ignored the reality of it for a few years now.. She's sold on the fact that he's been doing it all along hence why we never had any savings. + +I'm in a huge dilemma. I live fine as it is. I make more than minimum wage. My father has promised me the company when I am 25 years old. I don't feel the financial stress my father brings by gambling but it's tearing my family apart. + +We have earned over 2 million in the last 6 years. We have 0 savings. My father is a gambling addict who owns everything in this family. Probably gambles away 15-20k a month or whatevers left after bills. I don't know what to do. He is stubborn and said to all of us "I'm the one that built this so I'm going to do whatever I want, who are you to judge since you guys all live fine don't you?" + +I'm at work right now, and the thought of all of this work going to waste just has me so fucking mad I can't even put it into words. I spend so much time and effort into growing the company I just dont know what to do. + +Do I hold out for dear life and continue through this and work my ass off as I always have been learning the tools of the trade while living rent-free/debt free.. or do I move out, start paying rent.. leave it in the hands of my father 100% who honestly doesn't run it anywhere near as good as I do.. Hate to admit it. and struggle financially for god knows how long. I have very little savings. No credit card. No credit. + +tldr; My dad who is the head of everything in the family and has his name on all of our belongings, wastes all his money gambling it away instead of spreading the wealth/buying a new house/making more money = investing. I was promised the business when I was younger and love the idea since I'm know it 100% in and out and could manage it by myself with ease (just giving my dad 20% of net each month for his things when it's all said and done). Now I'm more worried about my whole FAMILY. We all will suffer if shit hits the fan.. what the hell do we do? My mom is crying to me on the phone now and I don't know what to tell her. Is there a way out? My mother is also co-signed for almost everything and if this all comes crumbling down.. She'll end up on the streets along with my sister, me and my grandma. + + +EDIT: I appreciate the help so far and I know it seems like a "relationships" kind of post. + +But what do I do? I am in the will for the company at 25. I don't have ANY credit. After reading all the stuff about gambling and co-signing, I'm scared to even try to get a co-sign with my father for anything. I make enough for me, but not enough to live alone at the moment. I'm concerned for the family of course, but don't know which road I should go down financially. Do I cut ties and potentially lose a thriving business (which was asked.. has about 10 percent GROWTH every year) and start from 0.. or hold out and hope he doesn't sink "the whole ship" as someone here said. Can my mother do anything with a lawyer to stop the spending? + + +Edit: Didn’t expect all these responses, but the thread is going off the rails lol. I am not asking what vehicle I should buy, I know exactly what I’d get and what they go for. My question is just that I don’t know how to save up for that with the cost of fuel, and I have no buffer if I sell my truck before buying. + +I got a new job with a trades union as an apprentice. Because of this, I start off at 60% of the regular rate and it increases after completing hours (by working). + +400 hours = 80%, 800 hours = 90%, 1200 hours = 100%. + +I'm at $26/hour (60% of $43) But the commute is 1:15 one way and I drive a pickup truck (never worked further than 15 mins away from home lol). It's about $120 to fill, I fill up 2 times a week - sometimes 3, and so $240 (MINIMUM) is $960 after a month, + +Bit of a catch 22. I make enough to afford the commute and eventually it will barely matter, but $1,000/month is seriously cutting into my budget to get a more fuel efficient beater ASAP ($2,000 - $3,000) and being able to keep a lot more of my paycheck (an additional $500?). + +My truck is worth $5,000 - $8,000 but I would have no vehicle as a "buffer" while shopping if I got rid of it, and I still need a pick up for other things. + +I really have no savings, just $3,000 in an RRSP (Canadian equivalent to 401K) and I'm taxed 10% on what I withdraw. + +Any advice? Thanks. +This might get deleted if I’m making a fairly obvious point but I thought it was worth saying since I’ve seen a surprising amount of people on here and similar subs thinking that the price they recently fixed at was the most they could pay over eg. The next 1 or 2 years. + +Think it’s worth stating just in case some people don’t realise, or more likely for your friends and family - it is the unit price you are fixing, not the total price you could pay. + +I think people on social media especially are getting caught out because a) of the focus on ‘price caps’, and b) the astronomical figures that fixes still are. So people agree a fix for what they think is £3,500 and they think “Blimey! Well at least it can’t be more than that” when it very much could! + +Perhaps worth making sure your relatives, friends etc who aren’t as financially savvy as us nerds on this sub know this just in case. I don’t wanna come off patronising to them but it could make the difference between them thinking their price is set regardless, so might as well enjoy using their energy, vs trying to cut back as much as possible. +What are your thought on SNC Lavalin? + +It is currently trading at $26.71 as I am typing this. + +I understand there is some scandal going on with the company and the Trudeau government is taking some heat for it which is why it keeps falling down. + +Is $26 a good entry point if your planning to hold long term or should I wait longer? +I wonder if he can say these words and a central bankster can drink a glass of water at the same time? He speaks like a captured man. + +Key quote: *“We layered over our digital money system about 40 years ago with money laundering and various sanctions and regimes around the globe; we layered that over a digital currency system called our banking system,” Gensler said. “In 2008, Satoshi Nakamoto wrote this paper in part as a reaction, an off-the-grid type of approach. It’s not surprising that there’s some competition that you and I don’t support but that’s trying to undermine that worldwide."consensus.”* + +[https://bitcoinmagazine.com/business/bitcoin-competes-with-the-us-banking-system-says-sec-chairman](https://bitcoinmagazine.com/business/bitcoin-competes-with-the-us-banking-system-says-sec-chairman) + +BTW, Gensler can't have it both ways, allowing a futures ETF, but drawing a line at Spot ETFs. Futures helps The Establishment Wall Street Traders manipulate the market, so he can't turn around and say "I need protections for the little guy!" when he's only taking care of the Wall Street players. + +He'd have some credibility if he didn't allow any ETFs, but he has picked sides, picked winners and losers, and he's on the wrong side of history. He's manipulating the system for Wall Street, not looking out for the average investor. He reeks of corruption. + +And him calling the USD an asset is a joke! Either he thinks you're an idiot, and don't know the difference between currencies and assets, or he's a corrupt liar. Pick one. +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/) +Posting this on the back of yesterday's "investment to get a green card" post. + +I'm in the opposite situation and am about to give mine up. I've been planning with my tax advisor and believe I'm not obliged to pay the exit tax when I relinquish. I wondered if anyone had experienced surprises going through the process? + +Details for the sub: 42, married no kids, $4.1m NW, looking to retire in \~5yrs. I'm European but spent half my life in the US. We moved to London two years ago and have decided Europe is home (although not necessarily the UK). We no longer own property in the US however the bulk of my retirement accounts are there. My wife's is mainly in UK pension as she wasn't in the US as long and was not a permanent resident. + +P.S. to the Indian guy about to spend a fortune, I wish I could give you mine. +Hoping to tap some of the extra-fat fire members and discuss family office services. + +&nbsp; + +For reference, My net worth suddenly became mid 9 figures this year, from much much less. It's all crypto (I know. I'm a stupid lucky shit). Before crypto i worked at blockbuster and had just graduated Uni with degrees in Philosophy and Literature. I grew up lower middle class. All this to say I don't really know anything about anything except what i read on the internet. + +&nbsp; + + I feel like I'm in way over my head and I'm just here trying to learn from anyone whos got the experience and is willing to share. + +&nbsp; + +I am hoping that having family office services will remove a lot of the pain points of managing my life, as well as provide opportunities for quality of life enhancements. I'm thinking concierge services, lifestyle management, business and domestic staffing etc.. + +&nbsp; + +Honestly I'm not really sure exactly what these services entail, especially concierge, but I'm envisioning someone who knows what they are doing handling all my bills and finances and taxes and investments, and organizing it all so i have a sense of what it looks like, making sure I'm not getting ripped off or cheated, helping me find great assistants and house cleaners and nannies and event planners and project managers and architects and lawyers etc.. getting me access to, i don't even know, whatever silly opportunities rich people have access to. A life manager and wealth guide/assistant. + +&nbsp; + +I want peace of mind. I also want to join the club and get a taste of whatever I've been missing. + +&nbsp; + +From my research the last couple weeks, I'm learning that most of the firms offering family office services are Wealth management firms charging AUM fees that offer family office services to entice clients to give them money to manage. These make me uncomfortable because I'm weary of the quality of the services I'll receive if they are ancillaries. Also i really like crypto (please just forgive me, really not looking to get into a crypto debate in this thread) and while i am wanting to diversify my portfolio a bit, i probably don't want to divest as much as they would advise and so I feel like the incentives aren't well aligned. On the other hand I do feel like they have probably a lot of resources at their disposal and if I'm a big enough client they would have the incentive to employ those resources to keep me happy. + +&nbsp; + + I have found a couple firms offering strictly fee-based services. They are all stupid expensive of course, but I'm learning to accept that. My primary concern is how do I evaluate their services? What questions do i ask? I'm completely new to this world and I don't even know what's possible, let alone what i should expect. + +&nbsp; + +A big concern for me is that i have a fairly niche tax situation. Within crypto there are a lot of ambiguous tax strategies and a wide spectrum of opinions, on top of that I'm a Puerto Rico resident with a Puerto Rican LLC which offers a lot of very unique tax advantages if you have the knowledge and expertise to apply them. Finding someone with that expertise has been a massive challenge. So a firm with a strong legal network regarding estate/tax planning would be ideal. + +&nbsp; + +How does one make a decision like this? Has anybody here made this decision and care to share? Also would be super grateful for referrals as I'm finding it strangely difficult to find firms via Google +I'm 23 years old, I'm graduating college with my Marketing degree in December, and I have just about $70,000 in debt across mostly federal and state loans. I am not an expert in economics, far from it, but what little I know about it, I'm getting nervous. I remember 2008 just enough to know I don't want to end up like a lot of the college grads did then.Regardless of your opinions on the economy, what are the best ways to recession-proof myself? + +&#x200B; + +Edit: I'm not sure if this is the best sub for it, so correct me if I'm wrong. As an additional note, I live at home in NJ, commute to school, and looking to end up in DC after grad. +For the people who are approaching FIRE but not necessarily FAT fire, I'm curious about this as I consider buying a home in this environment and trying to gauge what's the margin of safety for a home as real estate might go down short term but likely up long term. +Assuming folks here dealt with this situation. Suppose I get $1000 worth of Stocks by employer vested. I'll get taxed on it at the time of vesting. The immediate tax withholding will (by default) trigger sell some stock grants to cover for taxes. + +How to defer taxes on them to some other year? Can these grants be vested in any pre-tax account or any type of tax advantaged? Looking for tips. Thank you. +My wife and I are one year into our first home ownership, and I was curious how much we've spent in non-expected or planned expenses, as we've rented our entire lives and therefore, have never been responsible for repairs/improvements. + +It is an old (1928) home, but was quite "move in ready" when we purchased, so we didn't expect too many repairs/remodel needs. We knew we wanted to build a closet, and we knew we wanted to update the backsplash in the kitchen. + +I've listed out everything we've spent on the home since purchasing (but did not include any purchase/closing costs. Also does not include any monthly mortgage, bills, or utilities). + +We live in Central New Jersey, for a reference point on location/cost of living. The biggest surprise was definitely the boiler (was about 13 years old at purchase). + +**Contractor/Professional Home Expenses** + +* $300 - Service/Fix Steam Boiler - Dec 2020 +* $300 - Replace Boiler Transformer - Jan 2021 +* $1350 - Replace kitchen backsplash - Feb 2021 +* $1250 - Install/vent oven range hood - Feb 2021 +* $1650 - Build master bedroom closet - Feb 2021 +* $1450 - Install new carpet in Master bedroom - Mar 2021 +* $9100 - New boiler and water heater - June 2021 + +**DIY Home Improvements** + +* $50 - Install Attic Track Lighting - Dec 2020 +* $10 - Install living room dimmer switch - Dec 2020 +* $10 - Replace two outlets - Jan 2021 +* $150 - Replace bulbs throughout house with smart, LED - Jan 2021 +* $200 - Build/install attic shelving - Jan 2021 +* $30 - Seal basement windows - Jan 2021 +* $60 - Winterize back door - Jan 2021 +* $100 - New kitchen lighting - Mar 2021 +* $15 - New storm door hinges - Mar 2021 +* $60 - Closet floor leveling - Mar 2021 + +**Total: $16,085** + +All-in-all, if you take out the boiler replacement, we haven't done too bad. + +But there's always a surprise lurking... every few months. So we keep a small little fund on the side for home stuff. + +We were "pre-approved" for a much larger mortgage, but very happy we stayed small, as we would have wiped out our savings on the downpayment/closing costs, and then been stuck trying to figure out how to fix our boiler... + +&#x200B; + +EDIT: Wow, this post got a lot more action that I expected. I responded to as many as I could, but at a certain point, it was a lot. Thanks to everyone that replied, and wow, thanks for my first awards! I thought I'd answer the most asked questions here: + +* We love our home very much, and are not *that* upset about these costs. Outside of the boiler, most of what we did was optional/upgrades that fit into our budget - this is just one couple's list of moeny spent as a first time homebuyer. Many will have less (I see you, $0s), and many will have more (some of these stories were unbelievable). +* The boiler was so expensive because the original piping was not done very well, so we opted to have a contractor install all new piping, and it being a steam system, well those are very complicated to get right, so we didn't go with the cheapest quote (\~5k) or the most expensive (\~13k), but instead the one we felt was the most knowledgable and experienced, and they did a fabulous job. No more clanging in the radiators and heat is evenly dispersed +* Finally, thanks for all the tips from the more experienced homeowners. I've made a list of some of these great proactive ideas, and hopefully it helps in the long run +What if, when GameStop filed their latest 8-K they also gave the 10 day minimum notice to the SEC for a dividend? + +What if come Monday we get an announcement/ ex-dividend date for a 3:1 stock dividend? + +My thinking is, as of today they have recorded all the people holding stock (record date for the vote) what if they used that data to also release a stock dividend? + +A company has to give a minimum of 10 days notice to the SEC, but only 10 minutes to the public. I believe, correct me if I’m wrong. + +Well 10 days would be this weekend… Could we be receiving the greatest reach around in history on Monday? And even then that only being an appetiser to what’s coming. + +Also, RC tweeted 3 times the day the 8-K was released. Maybe there were 3 things happening that day. The 8-K release, the dividend notification to the SEC and something else maybe. + +I don’t know, I’m smooth. But I probably won’t be sleeping this weekend. +Yesterday retail had $1,792,000,000 of the entire market cap locked away in DRS. + +&#x200B; + +Today retail has $2,044,000,000 of the entire market cap locked away in DRS. + + + +Nothing has changed. $250,000,000 more of the entire market cap is in retails hand simply because they bought, held, and DRSed. Fact. + +&#x200B; + +https://preview.redd.it/pmdifrz5v9491.png?width=651&format=png&auto=webp&s=2087d58da14fb4e2fa839828b72d91e1872e8d16 +Dear Reddit, + +I come to you all in personal finance looking for advice. I'm in a very difficult situation and have no idea how to proceed financially. I gave birth to (2) beautiful twins March 13th, and a week ago Sunday I lost my husband in a horrific car accident. He was driving at night and fell asleep (he was commuting 2.5hr each way for a business deal he had in works for his company but wanted to see us every day) and ran into a guard rail or through it, as I've been told, but died upon impact and was pronounced dead at the scene and unable to be revived. + +My husband was the bread winner in the family (35F, and 41M). He just started a new job almost 3 months ago and does not receive any benefits from his company. + +His ex wife is the beneficiary on some financial accounts he has (he was in the process of changing this with the twins being born, not knowing that I wouldn't automatically receive it if something would happen but did not get it done) + +Financial situation right now; I'm on MAT but do not receive enough income to support everything. Here is the breakdown of the expenses: + +Mortgage: $972 +Car Payments: $428.xx + $615.xx (the $600 payment is DH vehicle which payment will be gone within the next month or so after insurance looks after everything) +Food: $550-$600 +Baby Expenses: $1,000-$1,200 +Utilities: $600 +Car Insurance: $391.xx for both + +Of course there's a few things outside of this, but this is the base. DH has no life insurance etc and as I mentioned before some of his accounts has his ex wife as the beneficiary. This month I am short $1,700 from covering all base costs - at the end of the month, I can take the month to move in with my sister and her husband until I get things sorted and list the house to downsize. Any ideas what I can do to help find that $1,700 through husbands accounts etc? I have no idea where to begin. My parents have both passed away, my sister and her husband had a baby not long ago and are financially tight and my husbands family is distant and grieving so I don't want to trouble them. + +Thank you in advance for any help. + +UPDATE! THANK YOU SO MUCH EVERYONE FOR THE HELP! HERE IS EVERY TOPIC TO UPDATE: + +IN LAWS: They refuse to help but it is strictly in the will for them not to receive any custody whatsoever in the event they challenge it, as it is against his wishes. A lawyer said this could be used in court if needed. + +CAR PAYMENTS: Insurance company paid DH loan in full. The dealership I bought my Tahoe is letting me trade it in and receive roughly $4,200 back in equity AND they're going to donate a brand new Equinox to myself and the girls! (I worked for the auto group that owns the dealership, so this was their way of helping when I wanted to trade in for used) it will take a couple of weeks to process everything but I should have a check for $4,200 by the end of May! + +FINANCIAL SHORTAGE: My bank found an insurance claim they could process, which will take a week or so or more for $1,000. My sisters in laws offered $350, and now I'm just $350 short! + +BENEFICIARY: The ex wife agreed to transfer everything into my name but she wants a small cut (sucks, isn't fair... but at least she's willing) she just wants the lawyer fees covered to transfer everything and $1,500 as "goodwill" as she called it. + +This is all I have for an update now, THANK YOU TO ALL THE USERS WHO HAVE HELPED! +Since I wasn't around one year ago, I would like to hear from some people who were. If you look at OmiseGO now, an unbelievably ambitious project, and compare it to Ethereum one year ago, how would they compare as far as the amount of expected value / innovation they would add in the future? + +I ask this because OMG just looks so out-of-this-world innovative to me now, because it's all so new and shiny. Ethereum looks very cool to me of cours, but it had already gone through it's massive growth when I first heard of it in January, it's already established. + +I can't fully grasp how much value and innovation Ethereum has added to the blockchain space, because I don't know what things were like before it. What was it like reading and learning about ETH one year ago? +I've seen 20-25, but also around 10. Do you base it on what type of credit spread you're doing (vertical, calendar, diagonal, etc)? + +Killing time yesterday, I was watching a video where the guy said use a delta around 20-25, and on the case study he used, max profit was $28, and max loss was $172. Of course he says 'manage your trade', however....... + +If you have a win probability on this trade of 75-80%, BUT the ratio for this trade is 16% $28/$172, this seems like a bad trade. Am I looking at this incorrectly? Put another way, you win $28 4 of 5 times, for $112, but the 5th time you lose $172. I understand he 'says' to manage risk, but that 5th time can easily be where the underlying gaps massively at the open and you don't have a chance to manage it. + +Yes, I've read through the threads saying most people lose on vertical spreads. I get that. I'm just trying to build up knowledge and understanding at this point - learning the basics and getting a solid foundation before moving on. Thanks. +Hi there, being a tiny bit bored with just investing in dividend stocks I started wheeling mid last year with a war chest of \~10k$. + +Amongst others I picked $CLF and while it went decent for a few weeks selling CSPs on a weekly basis, I got assigned around at the end of Oct'21 (yellow arrow). This was mainly my mistake as I was rather unexperienced at that time. Anyhow, I could continue to sell CCs for a while but it quickly turned into bag holding. Thats OK-ish, as CLF is a decent stock. Then the stock price started to increase again since the end of Jan'22. + +And now, and that is I think the main mistake in my wheel strategy: I started to sell a CC as soon as it was barley possible. More specifically I sold a CC (25 strike) that was only slightly above my cost basis (greenish area) and an expiration date about 8 weeks in the future just to get a tiny bit of premium. And guess what happend? Instead of loosing value, the options value increased and is now deep in the money. + +This makes me wonder if this wheel strategy even works. I would have made a nice profit (\~700$) by just selling CLF at the current price. Instead I am now sitting on a Call with a 25 strike which I sold for a tiny premium. + +I have the feeling that I am mostly either bag holding and then missing the big move. Did you experience a similar situation. How can this be avoided? Is it maybe the wrong stock for such a small account? + +https://preview.redd.it/22h4n8nehhs81.png?width=1865&format=png&auto=webp&s=26dd295baf48c59ce9e3e8061c01511a9b86d869 +Ok so bear with me as I am not sure I 100% understand this but looking for any feedback. Been looking for a while now where to park some cash while I wait for some stock opportunities. + +\-I am already maxed out on TIPS for the year so this is in ADDITION to that. + +\-Cd's have been garbage for as long as I have been around since rates have been so low. But currently , I can buy BROKERED cd's for 3.5% for a 3 month CD. I get that its still not even close to beating inflation but at least im not losing principle. Every week I check back with my brokerage, cd rates have been increasing. I am guessing by October, a 3 month cd will be at 4% + +\- I am choosing very short terms since interest is rapidly increasing and I won't be locked in to a specific rate for a long time. + +\- If I am understanding it correctly, Cd's seem to be a decent place to park cash for the short term. + +\- Anything I am missing? Thanks for any feedback +Occidental Petroleum’s Vicki Hollub fended off a shareholder revolt led by Carl Icahn. Lifted by rising crude prices, she now has the confidence of Warren Buffett. + +&#x200B; + +By Benoît Morenne and Cara Lombardo + +Sept. 10, 2022 12:00 am ET + +&#x200B; + +Occidental Petroleum Corp. entered the thick of the pandemic among the worst prepared of its U.S. oil-and-gas peers. Struggling with debt from an ill-timed $38 billion deal, Chief Executive Vicki Hollub was fending off activist investor Carl Icahn, who controlled two board seats. + +&#x200B; + +Two years later, the company has emerged as the top performer in the S&P 500, and Ms. Hollub has traded Mr. Icahn, who sold all of his Occidental shares in March, for Warren Buffett, whose Berkshire Hathaway Inc. now owns nearly 27% of the company. + +&#x200B; + +It was touch and go for a time. Months before the pandemic took hold, she implemented widespread layoffs. To stave off bankruptcy after oil prices collapsed in 2020, she slashed spending and nearly eliminated Occidental’s once-sacrosanct dividend—“the biggest and toughest decision that I made and I’ve ever made in my career,” she said in an interview. + +&#x200B; + +Her 2019 acquisition of rival Anadarko Petroleum Corp., which Mr. Icahn called a “disaster,” has given Occidental the dominant position in the largest U.S. shale-oil field, the Permian Basin. Lifted by climbing oil prices, Occidental generated a record $4.35 billion in free cash flow and $3.7 billion in profit in the second quarter. It has cut its debt to $22 billion from nearly $36 billion a year ago. + +&#x200B; + +Oil-and-gas producers have reported banner profits this year, even as a global energy crisis sparked by Russia’s invasion of Ukraine has threatened to derail European industries, left the U.K. facing its worst economic crisis since the 1970s and forced the Netherlands, Germany and India to rely heavily on coal to make up for a dearth of natural gas. + +&#x200B; + +But Ms. Hollub, the first woman to be CEO of a major U.S. oil company, says she doesn’t feel vindicated. “I just feel relief,” she said. “There were a lot of doubters.” + +&#x200B; + +Mr. Buffett has publicly lauded Ms. Hollub’s leadership. After she detailed the company’s future plans for analysts in February, Mr. Buffett told his own shareholders, “What Vicki Hollub was saying made nothing but sense.” Last month, Berkshire received regulatory approval to buy up to 50% of the oil company’s shares, spurring speculation it might seek to purchase all of Occidental. + +&#x200B; + +On Friday, the conglomerate reported it has bumped its stake in Occidental to 26.8% from a little over 20%, according to regulatory filings. + +&#x200B; + +Mr. Buffett declined to comment for this story. Ms. Hollub said she has “tremendous respect” for Mr. Buffett, adding that “he will be very beneficial for us as we go forward.” She declined to discuss the possibility of Berkshire purchasing the entire company. + +&#x200B; + +Some former investors remain skeptical, saying a spike in oil prices has rescued the company, not Ms. Hollub. + +&#x200B; + +“I have nothing personal against Vicki,” Mr. Icahn said in an interview. “However, that will never change my mind that she should not have made a bet-the-company investment by way of overpaying for Anadarko.” + +&#x200B; + +A University of Alabama graduate, Ms. Hollub joined Occidental in 1982 and soon found herself running operations in Russia and Venezuela. She almost got laid off in 2003, but Todd Stevens, an executive at the company who had followed her rise, arranged for her to lead a team evaluating acreage in Colorado, said Mr. Stevens, who has since left. + +&#x200B; + +Ms. Hollub became known as a hard worker, once spending three weeks straightening out operations at a new gas field’s first well, said Donnie Enns, a former geophysicist who worked under her. “Nobody worked harder than Vicki,” he said. She also found time to run an office March Madness basketball pool. + +&#x200B; + +After being named CEO of the company in 2016, Ms. Hollub departed from her predecessor’s preference for low-risk, “bolt-on” transactions. A little over a year into the job, she started courting Anadarko, an oil producer of comparable size, for a deal. + +&#x200B; + +She outflanked larger Chevron Corp. in a bidding war that riveted the oil patch, offering $5 billion more than her rival for Anadarko and its prized assets in the epicenter of U.S. shale production. Yet victory came at a steep cost. + +&#x200B; + +Some of Occidental’s largest shareholders decried the deal—especially a pricey loan from Mr. Buffett in the form of $10 billion in preferred stock paying 8% annually in dividends, or $800 million. Ms. Hollub negotiated the funding at the eleventh hour after meeting with the financier in Omaha, Neb. Mr. Icahn, who first bought stock as the Anadarko bidding war came to a close, wrote to Occidental shareholders that “Buffett figuratively took her to the cleaners.” + +&#x200B; + +Ms. Hollub acknowledged the deal damaged the company’s standing with some investors. “I was never offended at the fact that our shareholders were skeptical,” she said. + +&#x200B; + +But she said she never doubted the wisdom of the acquisition, even after it sparked an investor revolt that created an opportunity for Mr. Icahn. + +&#x200B; + +Central to Ms. Hollub’s strategy was building on Occidental’s already-large position in the oil-rich Permian of West Texas and New Mexico. She believed purchasing and drilling a huge swath of new acreage, much of it near the company’s existing assets, would give Occidental economies of scale and allow it to outperform Permian rivals. Occidental, she said, was one of the most technologically advanced drillers in the field; it would turn Anadarko’s undeveloped assets into oil-gushing wells. + +&#x200B; + +By the end of 2019, the oil producer said it was making progress on its merger goals. It had divested itself of more than $6 billion in assets, including stakes in a liquefied natural gas export project in Mozambique and in a Houston-based pipeline company. Occidental recorded single-day and monthly production records in the Permian and other oil fields. Occidental announced its 182nd consecutive quarterly dividend, which Ms. Hollub noted at the time that “few other companies can claim.” + +&#x200B; + +Ms. Hollub believed the merger was on track, but investors remained skeptical. From the time of Occidental’s counteroffer for Anadarko in April 2019 to February 2020 Occidental’s stock fell around 35%. Then the global pandemic took hold. + +&#x200B; + +As billions of people around the world began to lock down, demand for oil plummeted. In the spring, oil prices reached historic lows, briefly turning negative for the first time ever as traders paid counterparties to take oil off their hands. Falling demand for their product hammered oil-and-gas companies, forcing dozens into bankruptcy. + +&#x200B; + +Every day, Ms. Hollub would drive to Occidental’s Houston offices in her red Jeep Wrangler, said Glenn Vangolen, a former senior vice president at Occidental and close adviser to the CEO. Mondays and Fridays, she and her lieutenants would mask up and gather in a conference room to discuss operations. Her office was spartan—a mostly bare room, except for a TV playing business news on mute, and a plush stuffed version of a costumed elephant, the Alabama Crimson Tide’s mascot, Mr. Vangolen said. + +&#x200B; + +Occidental was in a worse situation than many of its peers: At the end of 2019, its long-term debt of about $39 billion was equivalent to roughly four times its earnings, excluding interest, taxes and other accounting items, quadruple the ratio from a year earlier, S&P Capital IQ data show. The divestitures it had planned on to pay it down were no longer viable as assets were losing value. + +&#x200B; + +Ms. Hollub said that Occidental made a lot of the difficult decisions before the pandemic to mitigate the downside risks of the Anadarko acquisition, including hedging a portion of its oil production and bumping its line of credit to $5 billion. But the company still faced painful months ahead as it had barely enough cash on hand to meet debt maturities coming due in 2021 and was later forced to hire restructuring advisers. + +&#x200B; + +Ms. Hollub moved to cut her executives’ salaries—including her own by 81%—offer employees voluntary buy-outs, slash expenses in the oil patch and cancel employee perks. She also cut the dividend, which rankled investors. + +&#x200B; + +Mr. Icahn amplified his calls for Ms. Hollub’s ouster and said he would seek to replace the entire board of directors at the company’s annual meeting. As the oil producer’s stock plunged to under $10 from around $45 before the pandemic, Mr. Icahn—facing paper losses of about $1 billion—doubled down on his shares, boosting his stake to roughly 10% from about 2%. + +&#x200B; + +After a price war between Russia and Saudi Arabia caused oil prices to plunge below $25 a barrel in March, Occidental reached a settlement with Mr. Icahn. The deal gave board seats to two of his deputies and added another director, required Occidental to create an oversight committee that must be informed of any offers to acquire the company or its assets, and replaced the board chairman with Stephen Chazen, Ms. Hollub’s predecessor as CEO. + +&#x200B; + +Mr. Icahn’s camp pushed for Occidental to give its shareholders warrants that could allow them to buy discounted shares in the future. After he prevailed, Mr. Icahn received roughly 11 million warrants initially and bought more when they were worth around $3. + +&#x200B; + +Mr. Vangolen said Mr. Icahn’s demand for warrants was part of the investor’s “raider playbook,” which he described as “trying to extract as much cash out of the business as you can before you bail.” + +&#x200B; + +Mr. Icahn said that all the shareholders who rode the stock down deserved something for their loyalty. + +&#x200B; + +As the pandemic dragged on, Occidental logged a roughly $14.8 billion loss for 2020, its largest on record, according to S&P Capital IQ data. Still, it continued to whittle down its mammoth debt, closing around $2.5 billion in asset sales at the end of 2020. Anadarko’s assets, meanwhile, were starting to shine, with production in the Permian reaching the high end of company estimates. + +&#x200B; + +Even as Ms. Hollub wrestled with Mr. Icahn, she was building a relationship with Mr. Buffett. + +&#x200B; + +In 2020, she traveled to Omaha to discuss Occidental’s long-term strategy with Mr. Buffett, according to a person familiar with the meeting. The investor expressed a strong interest in the company’s goal to become a leader in carbon capture, this person said. + +&#x200B; + +Occidental says it has no plans to stop producing oil but also aims to be a leader in “carbon management.” It wants to develop 70 plants by 2035 to suck carbon dioxide out of the air, store it in the ground and sell carbon credits to businesses seeking to offset their own emissions—a technology still in its commercial infancy that received a boost thanks to tax credits included in the climate package President Biden signed into law last month. The company also plans to use the gas to squeeze more oil from underground. + +&#x200B; + +Then, in late February of this year, Russia invaded Ukraine. + +&#x200B; + +The war propelled oil prices to their highest level in years, with Brent crude oil topping $120 in March, translating into a windfall for oil companies. In the first quarter of the year, Occidental made roughly $4.9 billion in profit, its highest quarterly earnings on record, according to S&P Capital IQ. + +&#x200B; + +The company now holds the most acreage across the Permian, with leases covering about 2.8 million net acres, according to data firm Enverus. Its domestic oil output in the second quarter of this year was up roughly 80% compared with before it acquired Anadarko, Occidental reported. + +&#x200B; + +As Occidental’s stock rose above $50 a share in March, Mr. Icahn sold his common stake. The investor’s two representatives on Occidental’s board also resigned, as was required by the settlement agreement. Mr. Icahn made over $1.5 billion on his investment and still holds some warrants, according to public filings and people familiar with the matter. + +&#x200B; + +As Mr. Icahn got out of the stock, Mr. Buffett bought in. In May, Berkshire reported it had purchased roughly $8 billion worth of shares. + +&#x200B; + +Mr. Icahn said that Mr. Buffett’s investment could be ill-timed. “I respect Buffett a lot but I think buying this stock at this level is obviously not like buying warrants at $3,” he said. “I made a great deal of money on my investment in Occidental, especially with the warrants, and activism worked in that regard,” he said. + +&#x200B; + +Ms. Hollub and Mr. Buffett have developed a personal relationship and the two talk periodically, said Mr. Vangolen. Ms. Hollub said in an interview she had no personal relationship with Mr. Icahn when he was an investor, and that he turned out not to be the kind of long-term shareholder the company prizes. + +&#x200B; + +Mr. Icahn’s retort: “She came very close to not being a long-term shareholder also, because her ill-timed investment put the company on the brink of bankruptcy.” + +&#x200B; + +\---Akane Otani contributed to this article. +I was looking at HPQ when I realized that the leading PC seller by market share is Lenovo. After looking at the stock it seems really cheap, even cheaper than HPQ + +\- forward pe: 5 + +\- dividend: 5% + +\- Incredible growth + +\- \* a bit of share dilution + +&#x200B; + +What am I missing? (other than it is Chinese) +Hi Everyone, I only really started to properly dig into value investing this year, and its hard to find the time. With full-time work, learning about all this almost like another full-time job. I find it hard to balance work, learning, friends & family commitments alongside the mountains of reading and analysis. Does anyone else find it difficult? + +Does anyone else also feel like they are the only person who actually really wants to learn this stuff within their social circle, but would also like some like-minded people to discuss this with? +Hello! + +I have just finishing reading Joel Greenblatt's "The big secret for small investors", but I still not very sure how to invest in a pure value weighted etf... + +Is there any ETF out there available for investing? I found $VLUE etf as a close approach, but it's not exactly weighted as Greenblatt's explained in his book. Any idea? Thanks! +So everyone are waiting for tuesday inflation report. I am strongly exposed to growth stocks so I am considering to diversify more. I do own some value, but I was eager to build a position in REITS as they have lower correlation with other sectors, and in fact there are still underpriced picks in the market imo, also as a recovery play. Question - are reits a good pick in case inflation manifests, i am not literate enough to think of all the possible scenarios how it will affect their profits, would like to hear yours opinion. +Edit: I wish I could change this post title, because this is more about how things we’ve observed historically line up with options chain fuckery and a specific detail about how that works. I don’t know if “they’re right” - that was a bad choice for the title. What I *should* have said was that the options-related discussions happening lately have me thinking about what I'm actually describing in this post about the role options playin this whole saga. I'm not a financial advisor, and this sure as hell isn't financial advice. I would delete this post but then it’d be **just** the title which is the problematic part. My bad... 🤦🏼‍♀️ + +Options are complicated. They are *literally* calculus. At these prices, they are also for the silverbacks with the deep pockets; some of you guys are fuckin loaded. I’m not touching options with a ten foot pole because I don’t have that kind of money and I don’t want to risk putting an expiration date on my investment. + +Anyhow, I want to lay out my hypothesis on one way in which the options chain is being exploited to hide short positions. + +One of the key concepts to understand is that options contracts *usually* have a **win-lose dynamic**, much like a bet. Options are Wall St's "very sophisticated," country club way of wagering bets. A call option contract is essentially "I bet (premium cost) that this stock will be (strike price or higher) on (expiration date). If I'm right, you have to sell me 100 of your shares at that price. If I'm wrong, you keep your shares and pocket the wager of this bet (premium)" + +But in this idiosyncratic case, both the market maker and hedge fund have vested interest in hiding the shorts. Neither actually own shares. So they create options between them with the understanding that the contracts **will never be exercised**. (i.e., the bet will never be paid). This distorts the win-lose dynamic. + +An options contract represents 100 shares, and with Wall Street's shady practices, one call contract can "hedge" (i.e. offset) 100 short positions "on the books." So If I'm trying to hide that I have 1000 open short positions on a given stock, I could open 10 of these fake long options contracts with my buddy (hedgies) who won't actually expect me to sell them the shares even if I "lose" the bet. Even though I still owe a 1000 shares, on the books, the fake long contracts make my net position neutral. These fake contracts have effectively hid/"covered" my short position even though I haven't closed out any of my initial 1000 short positions. + +That's why Citadel bailing Melvin Capital out was a big red flag. That's like you lending your friend the money he owes you for the bet he just lost to you. It doesn't really make sense. But in this case, both parties (MM + hedgies) were liable for the insane short position, so they were on the same side of this bet. + +It also explains why there were many dates with a fuckload of options expiring, but little price action. *The options were never exercised*. I suspect it's why we saw many gamma ramps that didn't lead to price pops. The market makers didn't need to hedge contracts they knew were just hot air. Gabe and Steve weren't going to exercise because it was *their* short positions that Kenny was hiding for them in the fake contracts. + +IT also explains why we hover around max pain a decent amount of the time. This should be devastating for the market maker as all these contracts expiring ITM would normally mean they have to buy tons of shares to make good on their contractual obligations. But they don't. The contracts are quietly closed out and reopened at a later date. It makes sense these are mostly LONG positions expiring in the money because that's what they need to balance out the massive short positions on the books. + +But if retail is on the other end of the contract instead of Wall Street's partners in crime, they're going to want that bet paid out. Paying the bet out means the market maker actually has to do the thing the everyone fears most....going to market and buying shares in quantity – especially when a few thousand shares can move the price by several points because liquidity is bone dry. + +By convincing retail that options were a big no-no, they were able to keep the options chain a safe space to hide shorts with these MM-hedgie, will-never-exercise options. + +Here's the story about why that's important: https://www.reddit.com/r/Superstonk/comments/qvrx7e/doomps_glitches_brazilians_max_pain_and_ghost/ +About ten years ago when I really got interested in money and investments, I was asking friends and looking at message boards for investment advice. Everyone told me to put most of my money in ETFs that had a higher than normal dividend yield. These ETFs were recommended and I was told they would give me a higher total return than a standard total stock market fund, like VTI, SPTM, or ITOT. + +So I invested over the last ten years much of the money I have in my Vanguard Brokerage Accounts in these high dividend ETFs and now after finding the Portfolio Visualizer website have determined I have lost nearly $100K in stock market gains by buying these high dividend ETFs-listed below- instead of a simple total stock market fund. (On average over the last ten years the high dividend ETFs returned 10-25% less than a total stock market fund.) + +**The ETF's below are the most popular high yield ETFs and each and everyone has a lower total return with dividends reinvested than a total stock market fund (like VTI and SPTM)** + +**Here is the high yield ETF's I should not have purchased:** + +NOBL + +HDV + +VIG + +SDY + +DVY + +SPYD + +VYM + +PEY + +SCHD +TL:DR - pursuing FI has been great, but am now overwhelmed with how much there is that I can do with my life. It's causing decision fatigue. How do other people cope? + +&#x200B; + +Like many other people who pursue financial independence, I enjoy planning things. While I'm old enough now to know that "the best-laid plans of mice and men often go awry", I've always been someone who enjoys thinking about what my available options are, deciding what I want and how to go about it, and making that happen over the medium or long-term. This has been a helpful trait in pursuing FI, and I'm glad to be inclined in this way. + +&#x200B; + +However...I'm finding in the past couple years that I'm almost stressed out by all the additional options for what to do with my life that pursuing FI has given me. + +&#x200B; + +When I was young, I felt that I had few options except to roll up my sleeves and grind it out in my choice of career - it was my only way of getting a financial base and building a life for myself. I didn't have an impoverished upbringing or anything, but I did have parents who maybe didn't have the best mindset about money. I wanted a career and I wanted financial stability in a way that they didn't really believe was possible. So, to me, the choice was simple - "work and build wealth" as much as I could in order to build a future for myself, or "be careless and build nothing", living from hand-to-mouth and not building any sort of future. For me, the choice was obvious. + +&#x200B; + +Now, years later, we have a solid financial base in our lives. We will certainly be able to retire early if we choose, and we can combine that with some other fun adventures if we are smart about it. However, while I'm incredibly grateful to have the opportunities I have, I increasingly feel overwhelmed by all the things I COULD choose to do with my life. + +&#x200B; + +Should I stay in my job another 5 years, or another 10 years, or another 15 years? Should I stay in my career and keep grinding it out, or try to pursue any passion projects? Should I try to write a book? Should I take a sabbatical and travel around the world? Should I stay in my city or move to the country? Should I get a vacation house? Should I try to leave the country during the colder months ever year? (I'm in Canada, winters are cold.) Should I look at getting a bigger house? A custom house? A smaller house? What do I want??? + +&#x200B; + +A lot of this is just human psychology - I think of [Dan Gilbert's TED talk](https://www.ted.com/talks/dan_gilbert_the_surprising_science_of_happiness) on happiness, and how having more options to choose from can be a source of stress. The whole idea that the company that sells three kinds of jam will sell more jam than the company that makes seventeen kinds of jam. I also enjoyed [Mark Manson's book](https://markmanson.net/books/subtle-art), and agree with his conclusion that people don't have this "one passion" in their lives that they need to be "true to" - there are many things we can do with our lives and there will always be upsides and downsides to whatever path we choose, and it's important to accept and be OK with that. + +&#x200B; + +So I've gotten my head around all that, but I'm still having trouble with strategies to cope with all of the new decisions that pursuing FI allows you to make. To other people pursuing FI - do you sometimes get overwhelmed with the sheer amount of options available in your life? If so, how do you keep your journey focused? How do you decide on one course of action and not get overwhelmed with the dozen other things that you could also do instead? +I’ve found this sub incredibly helpful and motivating. Problem is that it makes me despise my corporate role so much more. Brain washed corporate zombies. Corporate culture handbooks. Dedication awards. Fake executives. Bullshit project plans. Budgets wasted. I’m struggling with playing the game with 8 years left to FI. Middle management pays well but really stinks. How do you handle the game of corporate survivor? + +Edit: don’t want to seem as if I have no great people around me. My team has the highest engagement and feedback scores in the company. I love my team, but hate the executive roadshow. Our finance and accounting team is a very nice group too. Not overly political. But many others are. I don’t think I’m meant for big company politics, but learning to cope through stoic and mindfulness practices. +I suspect Robinhood is not ideal? + +More general discussion on options is appreciated. +- How do you find which securities' options have the best bid, ask spreads? +- Do different brokers have better bid, ask spreads than others? +- Do different brokers do better at filling orders at a reasonable price? + +Do you have a good equation for creating a good long or short two-option spread without having to look at [an options price calculator](https://www.optionsprofitcalculator.com/calculator/straddle.html) for each trade? +(Throwaway account for obvious reason) + +Husband and I are slowly heading toward a divorce or separation. We're in our early 30s. Our combined NW is about 4M. W2 income is 400k - 450k each. Married over 10 years (out of college). 2 kids (a baby and 2yr old). + +Neither of us want the other person's money. We want to work on staying friends so we can still be in our kids' lives and co-parent. We're thinking of finding a lawyer who can help us settle things legally without dragging things out. Both of us want the best for our children. + +Please give me some advices on how to best deal with the situation. We want to make sure we don't end up spending a lot of money on legal fees. The most complicated part if probably deciding who will live where. The median house price in our town is over 2M. If we sell our house, it will be hard to buy another place. + +Thanks! +To all the shills, + +The MOASS? It's going to happen. It is inevitable. Stop going against the grain and get on the right side. The winning side. + +The fact that you were hired in the first place should have been the confirmation that the MOASS was going to happen... But here we are anyways. + +What you were paid to do (shill on social media) is illegal and the hedge funds can be fined by the SEC with a large chunk of the fines awarded to you. Go for it. Or don't... Whatever. These guys wouldn't ever protect you anyways if there were any ties leading back to them. Might as well get what you can. + +See you on the moon. +Hi! I’m in college right now and I’m looking into opening a Roth IRA account. However, I was talking to some people and they pointed out that the money you invest doesn’t adjust for inflation. They then searched up how much $1M by the time +I retire would be worth if the inflation rate grows at the current rate and it’s about 300K. I’d invest about 250K by that time and the rest would come from compound interest. If this is true, I guess I’m just wondering if it’s worth opening if the difference isn’t that much? Thanks! +I understand why this question would be unpopular, so take it easy, but after the 2008 market implosion, market manipulators got a slap on the wrist and went back to work while the taxpayers took it in the cheeks. I read about piggly wiggly in the 20’s and how the government just took the stock off the market when the owner set up the shorts for a squeeze. Admittedly there was no SEC back then but call me crazy for believing government oversight committees only exist to protect the government and are a built in patsy. Is there any type precedent for this? Are the government and its agencies compelled to let this play out? +My shares are DRSed and I know we are going to expose the fuckery. I just want to know if they can cheat me out of my pay. +I haven't really ever heard of anyone having a good experience with a real estate agent even pre pandemic, and I have noticed they don't seem to do anything to try to sell a property, usually just turn up for inspections, sometimes answer basic questions, real estate generally sells itself. Also jobs at these places are usually given to family/ friends + +However they get large commissions which can make their earning potential huge, which is mostly dependent on where they live/ work e.g Most of Sydney being $1 million+ homes = lots of commission to sell one house. + +Why is this? +Hi everyone! + +I’m on track to max out my Roth IRA for me and my wife as well as my 401k for the year. + +My wife has about 30K of student loan debt left at less than a 4% interest rate. Currently not accruing interest, but will on Jan 31st 2022. + +After maxing these out we only have about 7K currently in free floating non invested liquid funds. + +We have been doing a lot of side hustles to earn extra income. I just recently heard about investing in a SEP IRA, which I was considering beginning one of those. + +What is the best next path to take? +1) Sock more money away in liquid rainy day funds? +2) Pay off my wife’s debt? +3) Start investing in a SEP IRA. +4) Some other good investment option? + +For reference, with side hustles included, my annual salary is around $140-150K. + +Thanks! + +————————— Edit ———————— + +Thanks everyone for all the great responses! I didn’t expect this many! I really appreciate all the resources and links provided. I promise to do more research and look into all of them. + +In the meantime, you all have convinced me of the following… +1) Continue to max out my Roth IRA and my 401k for my wife and myself. +2) Now also max out my HSA each year! +3) Build up a 6 month rainy day fund, perhaps in a money market account or high yield savings. +4) The remainder of funds can be invested in a taxable brokerage account or my SEP IRA idea. + +Thanks again everyone! +I moderately shop at Target and pay off most credit cards on time. How do you folks feel about the Target Red card? Is it worth it? As compared to the price Walmart/Krogers/Jewel/Safeway offers without their credit cards? +I am 22yo single active duty navy and am trying to maximize the money that I was given. + +I’ve received 30k in a windfall and 60k from a custodial account. I’ve invested the 30k into my individual brokerage account and the 60k remain in the mutual funds that were in the account. I’ve also saved 7.5k into my emergency fund and maxed out my 2019 and 2020 Roth IRAs. I’ve started contributing 60% of my income to my Roth TSP (401k) but that only leaves me with about 600 dollars a month in leftover money. If I were to need more money past the 600 dollars my plan was to slowly sell off some of the mutual funds to fund my life. + +Is this a good idea? +Today, I woke up and my car was gone from my apartment complex parking lot. There's no cameras indicating who stole the car. In there, I had TWO CAR SEATS. One for an infant and another for a child. I also had a double stroller in there. (these were all gifted to us). + +Someone stole my car that has part of the side ripped off. No gas in the car, no A/C for our 100+ degree weather. The check engine light is on. And the tires either need to be replaced or pumped more of air only to lose more. This car has over 200k miles on it. And it's from 2010. + +This a**hole decided to steal from my family. We are a poverty stricken family (despite me having a bachelor's degree) with all four of us in a one bedroom apartment living in 735 Sq ft. We have been on food stamps and WIC while I was working. Then I lost my job back in March (wasn't able to receive unemployment due to not working in the state/job for very long), and now receive Welfare or TANF. I was also very pregnant and still looked for other jobs while waiting to give birth to my little one. + +Lo and behold, no one hired me. And now it's been 6 weeks after little one was born and I have a second interview with a great company next week to hopefully get my family out of our situation. + +My husband also has been looking for jobs, and no one has even taken the time to interview him. So he's been doing odd jobs to keep us afloat. We don't even know how we are going to pay for rent for July as we've already used rental assistance from a church in June. + +To the asshole who stole our car, I hope you get what you deserve. I'm tired of poverty. This criminal peice of shit human stole from a family that's not making it in our current state. F*ck you. +**Background**: 36, SINK, Location : India. I was always in India but recently moved to EU (very temporarily though). All currency related numbers are in dollars. + +**Current NW**: 6.0M. Allocation : 97+% stock. + +**Expenses in RE** : 50K. We were spending 30K on an average in last the few years. I’ll raise it to 50K in RE. We were already living very nicely in 30K and anymore increase in expenses is likely to bring more headache than enjoyment. + +**RE plan**: 2 years. Not enjoying work any more but recently moved to experience new life style and need job to stay here. After 2 years, plan to move back to India and RE. + +**SWR**: 1.2% (Assuming 0.35 expense ratio. 50/60 + 0.35) + +**Worst cast SWR**: 2.43%. Assuming 60% sudden drop in market : 50/(60 \* (1-.6) + 0.35 = 2.433. + +**Ideal strategy as per my current plan:** Boglehead strategy. No crypto, no private equity or individual stocks (but open to comments on it as well) + +**Why posting here instead of my country specific forums**: Going to be negatively judged without getting any advice (because of high NW and low SWR) and this forum is far better in this aspect. + +**My current strategy**: Conventional wisdom says 60/40 bond allocation at 4% SWR, which translate to roughly 10 years of expense in bonds. But Shiller PE on average is \~17 and we have it at 37 right now. That’s why, I believe it is probably better to have more than 10 years of expense in bond. I prefer Big ERN strategy which is 3.25% SWR and bond allocation of 60% in days of high Shiller PE (https://earlyretirementnow.com/2021/03/02/pre-retirement-glidepaths-swr-series-part-43/) which roughly translates to 18 years of expenses in bond. For any extra money, keep everything in stocks for optimal strategy. + +18 years of money in bond and rest in stocks which translate to 85% stocks and 15% bonds (in my case). + +For Stocks : I am planning to keep 15% in India stocks and rest in VT (Total World Stock ETF) through Irish domicile ETFs. + +**Question:** Does this strategy makes sense or do I need to think very differently? + +Any kind of comment is welcome! And thank you in advance! +Michael Burry seems to claim that 'the mother of all market crashes' is incoming. **Does anyone know what exactly is his reasoning?** + +I have read a bunch of media articles and they do a rubbish job of explaining Burry's case. Burry also deletes his tweets. Sure, there is an [archive](https://twitter.com/burryarchive), but browsing didn't help to get a coherent understanding. +This is really directed at people who hit their number and got out of a an industry segment or maybe whole career they didn't like. How did you go about finding your next thing, whether it be more fulfilling work, hobbies, charity, travel, fishing or whatever? I'm the stereotypical mid-50s guy who's having a problem giving myself permission to do nothing/pivot to hobbies, but I also know I am just not equipped anymore for the daily grind and always on call culture of the current working world. +Hi, I’m sure there are some other posts that probably do a great job recommending books, but I couldn’t find them in my search here. + +I’m almost 100% brand new to real estate investing and want to hear your alls recommendations on the best books / articles to learn from! + +I really don��t care at all for “Motivation” books, which seem to be most of the Real Estate books I’ve seen recently on Amazons best seller list... + +Would love to hear your alls recommendations! + +Thanks! +What are some of your most successful strategies to find deals in your area? Most of the multifamily listings in my area are overpriced and won’t cash flow. Some strategies I’ve been reading about include direct mail, cold calling, purchasing a list of properties online, buying tax liens, Craigslist, word of mouth, and browsing properties that have been delisted. So what’s been successful for you personally? +Thanks in advance. +###**Abbreviation Index:** + +BB -- Blackberry + +AWS -- Amazon Web Services + +IVY -- Intelligent Vehicles Yo. I don't actually know if this stands for anything + +QNX -- Quick-Unix perhaps? It's a Unix-like embedded microkernel RTOS (real-time operating system) + +EOY -- end of year + +PT -- price target + +SP -- stock price + +EV -- electric vehicle + +SoC -- System on a Chip + +IoT -- Internet of Things + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +**TL;DR:** Blackberry ($BB) is almost daily announcing new partnerships and new clients for their software, including new deals with companies that are just now or just this year launching autonomous vehicles that run on QNX software. The big kahuna of all these deals is BB's recent partnership with Amazon to go 50/50 into BB's software IVY, a scalable cloud-connected software platform designed for intelligent vehicle data gathering and data sharing. With Amazon's Jeff Bezos stepping down, and Andy Jassy filling his shoes, who was the CEO of AWS, BB will have some very firm support behind Amazon's new CEO. BB and Amazon are having a webinar Feb. 23rd about their partnership and IVY, which should be a strong catalyst moving forward. IVY beta earnings are projected to begin impacting BB's Q3 or Q4 earnings beginning in November this year, with IVY fully being integrated around the 2023 timeframe. Through a lot of reading and analysis, I believe BB has a four-tiered business model dating back as far as 2013 when BB's CEO John Chen was hired to begin the massive BB turnaround process. Tier 1 was development of QNX and IVY, lasting from 2013 to today and onward, however, Tier 2 overlaps Tier 1. Tier 2 was customer acquisition, primarily distributing their secure software in QNX, SecuSuite, Spark, and AtHoc. They secured 37 automakers during this time, including 9 of the top 10 automakers, over 106 governments from around the world, including all of G7 governments and 18 of G20 governments, as well as 77% of Fortune 100 companies, including partnerships with Amazon, Microsoft, Google, Sony, XPENG, XPEV, NVIDIA, Intel, Qualcomm, Baidu, IBM, LG, Samsung, and others. Well if they have such an incredible market share, why are they so undervalued? The answer is that QNX was not the end-all-be-all product. It was the base that the rest would be built on. Particularly IVY, which is the real money-maker. Tier 3 is IVY beta, and Tier 4 is IVY distribution and subscription revenue streams. So why is IVY the big deal and not QNX? They are both big deals, but QNX was never designed to be the money-maker. They are charging a one-time fee per vehicle use. There is a bigger goal here, to secure their clients as their customers for the bigger product in IVY. They also need QNX is to be a secure system in order for IVY to be trustworthy and reliable. And it certainly is secure. QNX has ISO26262 certification, as well as US government clearance, NSA clearance, and CIA clearance. The US government uses QNX and Blackberry products. Just let that sink in. That should tell you something about its security. Anyways, IVY will be used in autonomous vehicle level 4 and level 5 communication (note that QNX is level 5 certified... it has a business moat just in its security level and clearance), as well as EV and gas vehicle data collecting and AI-powered data synthesis. See below for more details on IVY. Wrapping up this TL;DR, BB is going to do well this year as IVY unfolds, but will do even better in the next 2-5 years. I have a PT of 25 by EOY and a PT of 80 by 2023 EOY, and a PT of 160+ by 2025 EOY + +**TL;DR: TL;DR:** BB go up, but go slow for now because IVY revenue not here yet, but big fast later. Make big monies, BB is the future tech that Amazon, Microsoft, Google, etc will be building upon in the EV and IoT market + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +###**FAQs:** + +**1) Why is Blackberry stock price going down?** + +**A:** A few possible reasons. One, as of today the whole market is down. BB is connected to overall market swings as most companies are. Two, there may be some market manipulation by bearish financial institutions as there are a lot of calls expiring on 2/19. I would expect that BB SP to be volatile between $11 and $14 between now and then, and to move upwards after 2/19 and especially after 2/23 (Amazon + BB webinar). Three, there are bearish investors who still think BB is a phone company and don't understand the underworkings of BB's business strategy, their software, their patents, or their partners. Their revenue has been affected by coronavirus and has not been particularly phenomenal so far this year. + +**2) Should I invest now or later?** + +**A:** First off, I'm not a financial advisor, these are just my opinions. Invest at your own risk. In my opinion, BB will see a large SP growth by EOY, anywhere from 50% to 150% growth by EOY. While revenue will likely not increase much this year, the partnership with Amazon and news regarding IVY will likely create new floors for their SP much higher than the current SP right now, at around the $12 SP + +**3) What's stopping competitors from building a similar product and hurting BB's business?** + +**A:** There's a lot of reasons why BB has a huge moat right now. One, notice the partners that BB has with QNX. They've got all the big boys working them, aside from Apple and Tesla. Seeing as SpaceX runs on QNX, and seeing that Apple was trying to make a deal with Hyundai that did not go through, I think it is still possible that either Tesla or Apple or both companies could also make a deal with BB to use QNX as their OS system. BB worked to develop their QNX embedded microkernel OS for the last eight years or so. Anyone trying to step into the game now is far too late. Apple has the best chance of all companies, as it has its own OS and Apple knows security very well, but this still requires an entirely new system in order to work in the EV sector. Also, Apple announced recently that they would be developing their own EV, although they did not give much details beyond that statement. The likelihood that they are both working on the hardware and software side of this thing is slim given the large number of difficulties that come with certification as it relates to the cybersecurity software space. Regardless, I would suspect that either Apple or Tesla is the most likely to be competitors in this space, but neither company has successfully completed a certified OS system, particularly for the emerging sector of autonomous EVs. Tesla is currently building a Linux-based system that is having a lot of difficulty in passing certifications such as ISO26262, a struggle that has been ongoing for years now. They may achieve a product that passes these safety regulations and certifications, but the question remains whether this will be in time as the EV and autonomous market picks up speed, and whether competing companies would even be interested in using their product. In fact, any car company is unlikely to develop their own OS software because none of their competitors would be likely to use it. BB is the perfect business to license since it is not competing in the hardware sector for the EV market. This argument can also be used for Apple if they are also building an EV. + +**4) Why is BB's revenue so low if they have so many customers and partners?** + +**A:** QNX has been licensed so far as a one-time purchase, per vehicle or IoT using their software. IVY will be a subscription-based software that also includes a one-time purchase. Thus, BB's revenue streams are somewhat unimpressive currently, but they are playing the long game. If my hypothesis is correct, it is John Chen's goal to lay low as software is developed and customer relationships are built. It's the same with the book market. It's the sequel that makes all the money, not the first book. QNX is just the first book of a series looking to hook in its customers with low costs before hitting 'em with the strong follow up in IVY. Additionally, in order to build a competitive business moat, it was to their advantage to not forewarn any competitors of their involvement and plans. Consider John Chen's work as a CEO in his last business Sybase. Chen worked as the CEO of Sybase for 10 years. For the first 7 years, the SP remained at around $10 a share. Three years later, the SP was at $100 a share. I suspect he is implementing a similar model with Blackberry. Chen joined Blackberry in 2013. BB stock actually dropped for most of the last 7 years, resting at a stock price of around $5. Now BB is at $12 a share. I would not be surprised if BB reaches $50 two years from now. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +###**Now for the details.** + +Read this for DD on BB's achievements, certifications, markets, QNX products, EV growth, Spark software and clients, BB Radar, software pricing, and BB challenges: + +[Comprehensive Guide about BB and how it shall take off in coming years](https://old.reddit.com/r/BB_Stock/comments/lc67bo/comprehensive_guide_about_bb_and_how_it_shall/) + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Full List of Clients and Partners:** + +Blackberry Clients and Partners + +**Automakers:** Honda, Audi, Jeep, Mitsubishi, Ford, Hyundai, Volkswagen, Bentley, Lamboghini, Byton, Mini (cooper), Toyota, Subaru, Fiat Chrysler, Mazda, Nio, BMW, Porsche, Lexus, Kia, Land-Rover, Mercedes-Benz, Buick, Jaguar, Visteon, Skoda, Chevrolet, Nissan, Acura, Continental, General Motors, Baidu, Motional + +**Other:** Denso, Aptiv, Bosch, Panasonic, Harman, Bugatti, LG, Vodafone, Bell, Carahsoft, CACI, Telus, iSec, KPMG, Tableau, Qlik + +**Major:** Amazon, Google, Sony, XPENG, XPEV, Li Auto, NVIDIA, Canoo, Microsoft, Intel, Verizon, Qualcomm, IBM, LG, Samsung + +**Major Investors:** PRIMECAP, Hamblin Watsa, Ontario Teachers’ Pension, Vanguard, Harris Associates, ETF Managers Group, Wells Capital, Arrowstreet Capital, Kahn Brothers Advisors, Norges Bank Investment + +**Governments:** Albania, Andorra, Angola, Argentina, Australia, Austria, Bahrain, Belarus, Belgium, Benin, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Cameroon, Canada, Congo, Croatia, Czech Republic, DR Congo, Denmark, Egypt, Estonia, Finland, France, Gabon, Germany, Ghana, Gibraltar, Greece, Guadeloupe, Hong Kong, Hungary, Indonesia, Ireland, Italy, Japan, Kenya, Kuwait, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Macau, Macedonia, Malawi, Malaysia, Mali, Malta, Marthinique, Mauritania, Mauritus, Mayotte, Mexico, Moldova, Monaco, Montenegro, Morocco, Mozambique, Namibia, Netherlands, Netherlands Antilles, New Zealand, Nigeria, Norway, Oman, Philippines, Poland, Portugal, Qatar, Romania, Russia, Réunion, Saint Barthélemy, Saint Martin, San Marino, Saudi Arabia, Senegal, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Swaziland, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Togo, Turkey, USA, Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Vatican City, Western Sahara, Zambia, Zimbabwe + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Blackberry Current Revenues:** + +[BlackBerry Revenues: How Does BlackBerry Make Money? -- Trefis](https://www.trefis.com/stock/bb/articles/472099/blackberry-revenues-how-does-blackberry-make-money/2019-09-17) + +--> This display the biggest bearish argument to BB. Until IVY begins producing new revenue streams, BB is likely to not exponentially increase revenue streams, but only sustain moderate YoY growth + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Blackberry Analysis Regarding Infotainment and Google and Ford Deal:** + +see "Blackberry (BB) Stock News Analysis | What I need to say..." by Financial Live by LEYA on the forbidden video website + +--> The media recently picked out a story that left out a lot of pertinent information, making it seems that BB lost Ford as a client. This is not true. QNX is designed to be a SoC. This means that other operating systems, such as Linux or Android, can be easily added to QNX. It is in fact encouraged. The Ford and Google deal was simply announcing the Ford would be using Android as their infotainment system. I believe that BB was never intended to try and be the predominant entity for all software systems in EVs or IoTs, but the backbone that connects all together, and to protect all components in a secure system. Autonomous EVs and even regular EVs in general would not be possible without a secure system protecting the product, as is true with IoTs. This is also why things like US Fighter Jets run on... you guess it, QNX. Ford is still using QNX. It is simply also now using Android that is running on top of QNX +more commentary on this: [Analyzing Blackberry Bear Argument - Case No. 1: Ford Deal](https://old.reddit.com/r/stocks/comments/ldcahf/analyzing_blackberry_bear_argument_case_no_1_ford/) + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +##**Pretty Charts** + +[The New BlackBerry Everyone is Talking About $BB](https://stockhouse.com/companies/bullboard/t.bb/blackberry-limited?postid=32093887) + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Facebook Settlement with BB** + +[Image](https://imgur.com/GSmc5RH) + +This is an interesting one to be sure. Facebook was being evil, like the do, and were caught using a number of BB patents. They settled in February, and the day that the settlement was finalized, John Chen (BB CEO) tweeted reminding everyone that BB is used on the ISS + +https://twitter.com/JohnChen/status/1358853064153784321?s=20 + +Well, the connection and speculation here is that Blackberry is going to the moon, and that the settlement is rather significant. Someone else also dug out some information in Facebook's most recent 10-K, specifically a portion for a 'non-cancelable contractual commitment' of an amount of $7500 million dollars. That's 7.5 billion btw. We don't know how big the settlement is, but it is worth noting that BB's entire market cap is 7.5B. I highly doubt that a settlement would reach such lofty numbers, but it could be possible that FB settled for some initial amount of $1B or so, as well as $1B in reoccurring payments over several years. We won't know until March 15th actually, so stay tuned. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Blackberry New Partnerships** + +Within the last few weeks, Blackberry has announced a stronger partnership with Baidu (China's Google), as well as their involvement with Baidu choosing to use QNX for their autonomous vehicles that will be hitting the road, as early as this year and next. BB has also announced their involvement with Motional, a joint venture between Hyundai and Aptiv, which will use QNX for their autonomous vehicles. Motional will be partnering with Lyft to use autonomous vehicles to begin serving customers and will be deploying their vehicles in 2023. It was also announced that QNX will be working with AOSP (Android Open Source Project), as well as announcing yesterday that QNX Hypervisor 2.2 is now released, which is what allows Android and Linux to run on top of QNX. + +[A sum-up of all the recent news on $BB](https://old.reddit.com/r/BB_Stock/comments/lhpztu/a_sumup_of_all_the_recent_news_on_bb/) + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**BB's Technical Page on QNX Security** + +[Link](http://support7.qnx.com/download/download/26406/QNX%20OS%20Security.pdf) + +--> Very technical. But cool stuff. + +- - - - - - - - - - - - - - - - - - - - - - - - - - -