diff --git "a/reddit_finance_43_250k_239.txt" "b/reddit_finance_43_250k_239.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_239.txt" @@ -0,0 +1,10000 @@ + +#**Rumor: Blackberry Buyout? Here's why that's not happening:** + +Just read this post. It's quite revealing: + +[Great Day for BB despite stick dipping.](https://old.reddit.com/r/BB_Stock/comments/lgdokd/great_day_for_bb_despite_stick_dipping/) + +**TL;DR:** Amazon could have easily bought BB. Why didn't they? Well, all the big players are interested in this EV and IoT emerging sector. This is the new wave of technology that will dominate the market. First we had the dot.com boom, then the cell-phone and smart-phone market, and now we have the autonomous EV and IoT market. If Amazon were to buy BB, they would have to submit a tender offer. This would be a red flag to all the big players that Amazon were trying to buy up the best security out there. It would be a bidding war that could result in a double-digit multi-billion dollar buyout. It was much more to their advantage to create a secret alliance with BB and establish a 50/50 partnership, whose contract includes exclusivity for their use of IVY. Ouch! That's gotta hurt. This is where the importance of QNX lies. BB will be able to pull the rug out from any company that chooses to use something other than IVY. No IVY, no QNX, no EV. It will be a package deal where IVY is the big money maker. All other companies will have to build from the ground up or be forced to license QNX and make their money off of other sectors, such as the infotainment sector, as Google has already begun to do with the Ford deal. When this deal happened, the other big boys wet their pants realizing they needed to get into this space, and fast. Microsoft partnered with Cruise/GM. Apple tried to partner with Hyundai, who was so flattered, they may have initially said yes or indicated so, before realizing that they were already partnered with BB, so it was a no-go. Not sure if that is fact or fiction, but it is an interesting proposal. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Blackberry IVY + AWS Partnership:** + +Alright, so what's the deal with IVY? Why is it going to be so profitable? Why is IVY the real money-maker, while QNX has been used as the customer-acquisition software tool? Check out this picture: + +[Image](https://imgur.com/P3mjahD) + +For one, IVY is designed for real-time communication between EVs or other IoTs. Autonomous driving level 5 requires vehicles to communicate with one another. This is where IVY comes in. IVY connects the different software components of an EV (which presumably are running on QNX), as well as harvesting data on those systems. The data used can be distributed for a wide-variety of uses, including, but not limited to, automakers and suppliers, app developers, consumer services, smart cities, EV charging providers, insurance companies, and vehicle maintenance providers. All of these different sectors will be willing to pay subscriptions for these data services, as well as the automakers and IoT makers who will also be willing to pay subscriptions for IVY. For instance, IVY can help share information between vehicles that will allow for a car detecting ice roads in one area so that other cars using IVY can take a different route. This results in less crashes, which helps the automakers. Insurance companies can use data from all these different data points as well, allowing them an inside-view of their clients. The list of what is possible here is inexhaustible. + +As for price points, the subscription models for multiple outside companies wanting to use the data will be create huge revenue streams for BB. With Amazon as a 50/50 partner, and with their resources and strategic management, BB will be poised to be the foundation in security and data sharing for the entire EV, and somewhat of the IoT market (the IoT market has more competitors for sure) + +see "Is BlackBerry Stock Undervalued?" by Wealthy Mindset on the forbidden video website + +see "Roadmap to $180 a share (BlackBerry Stock)" by Wealthy Mindset on the forbidden video website + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Revenue, revenue, revenue...** + +Blackberry is poised to be an industry leader in EV, government, and IoT security and data sharing with products such as QNX, IVY, Spark, and their other software products. Stock price will likely stay somewhat stunted until IVY revenue begins picking up. It is possible that more announcements and marketing related to IVY will make this growth more rapid. In my opinion, either way BB over the next 5 years will 10x. The question is whether you want to get in now at $12 / share or two years from now at $40 a share or something similar, assuming that either way this stock is going to push for that 100B market cap (it's currently at 7B). There will be bearish analysts that will continue to say that Blackberry is a worthless company until those IVY revenue streams begin to come in. It is also possible that a realistic competitor may emerge within the next three years, such as Tesla or Apple. But if Apple is seeking to create its own EV product, then both companies will have a hard time finding any way to license their software to any other company. It remains possible that Apple and/or Tesla may strikes deals with BB as well in order to be able to produce autonomous vehicles and get a bite of that market share + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Really, no competitors?** + +Well it's called a business moat for a reason. As we have recently seen, QNX is working with AOSP, and so clearly, they are not to be worried about. Tesla is not a true competitor as their OS product is not certified yet, and has demonstrated difficulty in doing so, and additionally, other automakers will not want to benefit their competitors by using their product. A third-party non-auto-maker will be much more desirable. Other companies such as VxWorks, have a lot of to prove both in security and certifications, as well as producing an OS product that is compatible with an emerging autonomous level 5 EV market. QNX's embedded microkernel RTOS is very much unique in this regard. This type of system allows for real-time processing and power distribution, while protecting the system from attacks. In an embedded microkernel system, if one part of the system is attacked, the whole system will not shut down, in layman's terms. This is essential for the security of any high-risk product that is built upon an underlying software that controls that different components of the system. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Conclusion:** + +All eyes are turned towards Blackberry right now. People want to know what this deal with Amazon will look like, how it will work, what they will focus on, (will Amazon also use this system for a fleet of delivery drones? hmmm), what the revenue streams will look like, what are their projections, what markets and sectors are they targeting, what are their future goals, what will Amazon be doing on their end, etc, etc. The Amazon + BB webinar may answer some of those questions, or maybe they won't. Time will tell (Feb. 23rd, specifically -- here's a link to sign up and watch: [Next-Gen Vehicle Architectures Unlock Unprecedented Opportunities for Automakers](https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=44A51ADB-0425-420D-8A06-6ACABFCF98FF&LangLocaleID=1033&Referrer=https%3A%2F%2Fwww.autonews.com%2Fevents%3Fevent_type%3D64571)). Also look out for that FB settlement numbers on March 15th, and Q4 earnings March 31st. I don't expect Q4 earnings to be particularly interesting unless they include the FB settlement numbers. Could those numbers instead be put into Q1 earnings for 2021? Possibly. + +Initially IVY beta is expected to begin being released late this year. I will also be looking forward to see how Apple and Tesla respond in the coming months. Ultimately, BB is a long-term play, but is poised to dominate this emerging industry with the partnerships and security focused software they have secretly been building. Now if only the could do something about their logo, some rebranding would be nice... + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +*This is not financial advice, just my own opinions. I am not a financial advisor nor a professional. I own 14k shares in Blackberry, as well as options (10x 8/17/21 20c BB). Do your own DD and fact check me as well* +Part of it may have to do with survivorship bias and the use of riskier strategies and also because they have so many members that it's a statistical certainty that whenever a stock makes a huge one-day move that there will be at least one member on that sub out of 20k+ active members who has a pur or call position. + +&#x200B; + +But I think there is a underlying method, although I have not tested it, to how so many members on that sub are able to turn a few hundred or thousand dollars into fortunes overnight. + +&#x200B; + +The idea is, for low IV stocks , such as dow 30 stocks, you buy far out of money vertical calls 10% or more OTM before earnings reports. The spread should be as tight as possible but you can turn $50 into $5000. So Disney is reporting earnings on august 6th 2019. You would thus buy the 160/162.5 vertical call. Obviously this will expire worthless most of the time but the expected value over a long enough period is positive. + +The second strategy is to look for mid and large cap stocks that exhibit parabolic moves (such as a 300+% rally in a 1-year period( and buy put options that expire after earnings, in the hope that the company fails to meet the overinflated expectations and tanks, yielding a huge profit despite the IV already being very high. Or stocks that are overpriced. Such stocks can be found using a screener and sorting by greatest yearly performance. Unlike above, you don't want to make this a vertical because the downside is potentially much more unlimited. Do not use this method on internet and tech stocks, which tend to hold up well, but rather on things that are susceptible to being fads or prone to regulation and competition. So this would be commodities, apparel, biotech. So for example, LYFT reports earrings on August 7th. So buy the august 9th $50 puts. +Let's say you're sick of full time work, but you're a few years away from FI. Work itself doesn't make you unhappy, but the obligation to be somewhere and be available at a certain time every day/week does. You're $300k short of your 4% FI number ($12k/year). What if you could make up for that shortfall and still (somewhat) maintain your time independence? + +My hypothesis is that a combination of freelance and gig economy work can close this gap and allow burnt-out RE-types with flexibility to leave full time work even sooner. Call it "semi-FI" or whatever. **I want to understand if others have done something similar to this, or if anyone is planning to, and if there are any shortcomings I'm overlooking.** + +Freelance/contract work is lucrative, but irregular, and often includes tight deadlines or lengthy obligations (e.g., 40hr/wk 3 month contracts). Gig economy work is low paying, but flexible, allowing someone to turn on and off the money spigot more or less at will. + +So let's say you have an FI shortfall of the aforementioned $300k ($12k/year @4%). You RE in January 2020. Fast-forward to June, you've made $10k on freelance gigs, but have travel scheduled off and on for the remainder of the year, preventing future contracts. Instead of trying to find a freelance gig, you pick up part time dog walking through Rover/Wag to plug that shortfall (Rover reports that part time dog walkers make \~$1k/mo, full time is closer to \~$3k/mo). + +Outside of plugging shortfalls, the other benefits I can see with freelance+gig work in "retirement" is that you stay somewhat relevant in the job market, and potentially have a stream of revenue you could ramp up if needed. +I see a lot of people talk about O for a nice monthly dividend but never see too many about MAIN. MAIN is cheaper and has a higher dividend yield but I don’t know the logistics of the company, I’m still rather new to investments and was wondering if O is just the safer option or if MAIN is just often overlooked. +**EDIT:** Dunno if there's a post flair for *solved*, but y'all figured this out for me. Thanks for all the quick help! + +&#x200B; + +Hi r/personalfinance, + +So as the title says, I've given my parents about $100K over the last 6 or 7 years for various reasons (medical bills, couldn't make mortgage or property tax, etc). Nothing too large at once that I couldn't handle, but it adds up. Not sure if it matters, but half the time these transactions were me cutting my folks a check and half the time it was me dealing directly with the creditors (is that the right term? whoever it was that they owed money). + +Anyway, in my mind it was always a gift b/c while I love my family, I'm realistic and never expected they could pay me back. Well, the housing market where they live is sizzling hot now and they're in the process of selling the family home. And bless their hearts, they want to pay me back once the sale goes into escrow. + +So this is nice, but I'm curious what the tax implications are? Like would I have to pay income tax on this after my parents already paid capital gains tax on the sale of their home? And why would it be income when it's just my own money coming back to me? What should happen here? My understanding of taxes is just whatever TurboTax tells me to do. + +Thanks, + +Thanos\_Snap\_Survivor + +​ + +(yes this is a new/throwaway account; apologies if that looks sketch to some people) +Guys, I might have stumbled across one of the most unique charity tokens out there. With around 8k donated (with all proof on their social / TG), $PUBE (Proudly Unwashed Balls Empire) is setting chart-breaking records, finding support with an insanely strong community. + +Not only that, they were just listed on CoinGecko and they’ve grown their holders from 5k to almost 26k in under 36 hours! + +I’ve seen a lot of big influencers like KSI, CryptoWendy, DolandDark have all tweeted about owning the token. That seemed to help a lot with their growth and they have a great marketing strategy that the Dev was talking about in voice chat. I was a little skeptical at first but they’ve completely won me over. The chat is always active with over 10 admins on pretty much 24/7, that was pretty cool. I think I've found myself a gem. They’ve had some INSANE parabolic growth over the last 36 hours, multiplying about 24 times (I’m jealous of the lucky ones that got in early) + +I am part of the community and I can tell you that we are 100% all in. I have never seen a more active, strong telegram with an insane amount of positivity. The launch was also completely fair, no presale or any of that thing. 5% of the fees goes back to the holders, another 5% goes into the charity / marketing wallet. The devs are completely transparent, making note of each transaction and how it is used. I was very impressed. The liquidity is also locked so it is completely anti-rugpull. + +They are also reaching out to multiple charities and homeless shelters to partner up and donate and help the world! A little birdie also told me that they are looking at some BIG partnerships with some brands. + +Bottom line is, they have amazing meme potential and they help the world by making it a better place. Sounds like a win-win situation to me! + +Check them out + +Website: pube.finance + +Telegram: t.me/ProudlyUnwashedBalls +https://finance.yahoo.com/news/wework-ipo-sam-mcbride-154630023.html + +The co-working space startup revealed a $900 million loss in the first half of 2019 in its initial public offering filing earlier this month, up 25% from the year prior. The widening loss left some analysts bearish on the company, but Sam McBride of New Constructs Investment Analyst went as far as to call WeWork the “most ridiculous IPO of 2019” in his latest note. + +WeWork is reportedly looking to raise $3.5 billion, which would make it the second-largest IPO of 2019 behind Uber (UBER). It also has a reported $47 billion valuation, which McBride contends it achieved by positioning itself as a tech company rather than a brick-and-mortar leasing business. + +While WeWork might argue that its corporate customers would consider its co-working spaces to be an inexpensive option during a downtown, McBride thinks that won’t be the case. As companies face economic headwinds, he noted, they typically lay off workers and reduce their office space. +"Simply, it means that the Fed, which has pegged 2% as a healthy level, will let inflation run higher than that for a while if it has spent a considerable time beneath that level. The Fed's preferred inflation gauge has stayed below that level for all but two years since the Great Recession ended in mid-2009." +We were stuck in a limbo for months of zero volume and 3 monthly cycles of price boost. Now since we double topped $250 they have managed to crash it to $130 on no news and positive earnings. + +My question is how? More naked shorts? Any ideas or theories? +I've noticed a fair number of co-workers have bought rather expensive homes recently (expensive for what I know we all generally get paid - $3 to $4m). It's come up in discussions that many of them (maybe all) have used interest-only mortgage loans to afford these places. I have a much cheaper home with a more traditional style mortgage, but have felt like I'm maybe doing something wrong given the prevalence of these IO loans amongst my peers. Granted they aren't paying off any of the principal, but if their home value appreciates, they'd still make some money above and beyond the down payment they put in (assuming they sell within the appropriate timeframe). Also, I've heard their monthly payments are quite a bit lower than my mortgage payments and even rents around the area. I've prioritized FIRE above overspending on fancy things, but wonder if the IO mortgage would have been a way to have both. + +Is this generally a good approach to real estate or is this more of a way to "live beyond your means" for a short period of time? +I know this is a bit of a loaded question(s) and I am looking for seasoned traders that can answer honestly. + +On average if someone is risking around 2% of their account per trade, on the 1D & 4H charts with on average 3-5 trades per week. + +What's the growth rate of the account per month? +Guten Morgen to this global band of Apes! 👋🦍 + +Monday was quite the treat, was it not? Immediately following the end of my updates yesterday, the US premarket suddenly tanked the price for another dip. It did not last! The day had relatively low volume, but it was certainly lively. + +Obviously that wasn't the big news of the day. Yesterday, Citadel challenged the SEC in court to challenge the approval of IEX's D-Limit order type, and their arguments were thoroughly trounced for all to see. IEX's fantastic lawyer extracted some amazing concessions from Citadel's lawyer, and demonstrated clearly that Citadel does not in fact represent retail traders' interests. I do not see any way that the Justices would rule to overturn the the SEC on this. + +Additionally, Fidelity has now added IEX as a routing option, and it couldn't have come at a better time. While many Apes are choosing to buy shares through ComputerShare, a large portion of the float still resides at Fidelity, and when the MOASS comes any sales that avoid the dark pools and go through IEX will force the short hedge funds to close their short positions at IEX. DRS at ComputerShare continues to be the way, but routing Fidelity orders through IEX is *also* the way. + +Today is Tuesday, October 26th, 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: **$173.51 / 149,54 €** *(volume: 1304)* +- 🟩 115 minutes in: $173.19 / 149,26 € *(volume: 1237)* +- 🟩 110 minutes in: $173.17 / 149,25 € *(volume: 1234)* +- 🟥 105 minutes in: $173.16 / 149,24 € *(volume: 1232)* +- 🟩 100 minutes in: $173.26 / 149,32 € *(volume: 1193)* +- 🟩 95 minutes in: $173.25 / 149,31 € *(volume: 1192)* +- 🟥 90 minutes in: $173.20 / 149,28 € *(volume: 1188)* +- 🟩 85 minutes in: $173.84 / 149,82 € *(volume: 1134)* +- 🟩 80 minutes in: $173.23 / 149,30 € *(volume: 1123)* +- 🟥 75 minutes in: $173.20 / 149,28 € *(volume: 1094)* +- 🟥 70 minutes in: $173.22 / 149,29 € *(volume: 1089)* +- 🟥 65 minutes in: $173.46 / 149,50 € *(volume: 1068)* +- 🟥 60 minutes in: $173.97 / 149,94 € *(volume: 926)* +- 🟩 55 minutes in: $174.03 / 149,99 € *(volume: 921)* +- ⬜ 50 minutes in: $173.97 / 149,94 € *(volume: 882)* +- 🟩 45 minutes in: $173.97 / 149,94 € *(volume: 828)* +- 🟥 40 minutes in: $173.91 / 149,89 € *(volume: 792)* +- 🟩 35 minutes in: $173.99 / 149,95 € *(volume: 783)* +- 🟩 30 minutes in: $173.91 / 149,89 € *(volume: 759)* +- 🟥 25 minutes in: $173.89 / 149,86 € *(volume: 652)* +- 🟩 20 minutes in: $173.90 / 149,88 € *(volume: 420)* +- 🟩 15 minutes in: $173.89 / 149,86 € *(volume: 357)* +- 🟩 10 minutes in: $173.75 / 149,75 € *(volume: 282)* +- 🟩 5 minutes in: $173.71 / 149,71 € *(volume: 221)* +- 🟥 0 minutes in: $173.70 / 149,70 € *(volume: 220)* +- 🟩 US close price: $173.97 / 149,94 € *($172.86 / 148,98 € 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 1.1603. 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! + + +Hey everyone, I am debating between buying or renting and wanted a financial take on what would be prudent at this point. + +Primary Income: 80k + +Savings: 50k + +Stocks: 30k + + Short-term investments: 20k + +I do expect my income to continue rising at a fairly fast pace. I currently live with my parents and save a majority of my income. Would it be a better investment to buy a house (the market in the local area is still pretty hot) or wait on the market to cool down and rent in the meanwhile? + +Furthermore, if I take the renting path, should I move more of my savings in stocks and so on? +I want to start off by saying thanks to /u/Celesmeh for creating a great spreadsheet to get my ass in gear. You can find it [here](https://www.reddit.com/r/personalfinance/comments/dp7pww/i_mde_a_spreadsheet_for_people_who_dont_know_how/). + +cliff notes: + +* I and my wife are 29, our son is 7 +* My wife does not work +* My net income is ~$5,000/mo or $2,500 bi-weekly, gross income is $7,574/mo or $3,787.50/bi-weekly +* I pay $675 in taxes each paycheck +* $420 (nice) for family healthcare (medical, dental, eye) every paycheck +* $265 per paycheck goes into my 401k (7%) +* I have $13k credit card debt which I'm currently paying $300/mo into, I really need to increase this badly. +* I am typically living paycheck to paycheck, i.e. I have close to $0 in my checking account when I get my bi-weekly check + + +Total monthly bills come out to $3,485 and that's assuming I were paying $500 into my credit card instead of $300 and excluding groceries. This should leave me with nearly $1,500 that doesn't have a specific destination. + +I pulled data from my bank account to figure out where my money is going excluding bills. If I include my grocery store trips, for the month of October I spent $1,684.42, excluding grocery store, $1,135.39. That means I'm spending over $1,100 on random bullshit I DON'T need. This is random store trips, fast food, etc. + +I'M AN IDIOT (this isn't really breaking news....) + +Want proof I'm an idiot? I never looked at my 401k until TODAY. I literally had to create an account as I had never done so before... Silver lining though, I have a 23% rate of return on my 401k so far this year. + +Things I NEED to do. STOP EATING OUT. Create a monthly meal plan, get groceries ONLY and STOP EATING OUT! + +Pay MORE into my CC debt, if I threw an extra $1k (assuming my grocery bill is around $5-600 a month) into my CC debt I could have it paid off in under 10 months. I could then turn to my car loan and pay that off quick and dirty and without those two debts I could be saving almost $2k a month. + +These numbers have been accurate for at least the last 4 years. + +DON'T BE LIKE ME. FIND OUT WHERE YOUR MONEY IS GOING **TODAY**. + +Today is the start of a new me, a new budget and just taking full control of where my money goes. Figure it out and do it sooner than later. + +Fill out the budget spreadsheet I linked above. See if you can pull data from your banking website and add up what you spend a month on non-essentials, you might be surprised. + + +I don't really know what I wanted to do with this post, I just find it insane I never really took notice of how loose I am with my money. Hopefully this will help others get their ass in gear. +Guten Tag to this global band of Apes! 👋🦍 + +We are nearing the end of another week in GME, which might have the lowest weekly volume in quite a while but also the highest closing price on low volume. Meanwhile, we're seeing a steady uptick in reverse-repo amounts, drops in the digital currencies, unusual propping-up of certain car companies, and panicked short attacks anytime GME starts to rise above $210. There are many signals that we're on the brink of *something*, but what exactly is hard to say. + +Rather than speculate, I'll just remind Apes that the best way to find out is to be the biggest shareholder you can be whenever that day comes. Buy shares, DRS what you can, and HODL with Diamantenhände - that is all. If you can route through IEX, do so. If you can feed the bot, do so. Every share held at ComputerShare is one fewer that can be used to manipulate the price, and eventually their 'ammo' will be very difficult to replenish. HODLing gets easier the longer you do it. I'm sure many of us had no idea that we'd still be HODLing in mid-November, but here we are - stronger than ever. Let's keep the pressure on. + +Today is Thursday, November 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: **$210.12 / 185,69 €** *(volume: 537)* +- 🟥 115 minutes in: $210.08 / 185,65 € *(volume: 533)* +- 🟩 110 minutes in: $210.10 / 185,66 € *(volume: 533)* +- ⬜ 105 minutes in: $210.07 / 185,64 € *(volume: 533)* +- 🟩 100 minutes in: $210.07 / 185,64 € *(volume: 517)* +- 🟥 95 minutes in: $209.83 / 185,43 € *(volume: 513)* +- 🟩 90 minutes in: $209.90 / 185,49 € *(volume: 496)* +- 🟩 85 minutes in: $209.87 / 185,46 € *(volume: 452)* +- 🟩 80 minutes in: $209.81 / 185,41 € *(volume: 449)* +- 🟥 75 minutes in: $209.81 / 185,41 € *(volume: 449)* +- 🟩 70 minutes in: $209.81 / 185,41 € *(volume: 422)* +- 🟥 65 minutes in: $209.70 / 185,31 € *(volume: 422)* +- 🟥 60 minutes in: $209.77 / 185,38 € *(volume: 413)* +- 🟥 55 minutes in: $209.78 / 185,39 € *(volume: 412)* +- 🟩 50 minutes in: $209.88 / 185,48 € *(volume: 406)* +- 🟩 45 minutes in: $209.87 / 185,46 € *(volume: 404)* +- 🟥 40 minutes in: $209.86 / 185,45 € *(volume: 404)* +- 🟥 35 minutes in: $210.02 / 185,60 € *(volume: 312)* +- ⬜ 30 minutes in: $210.05 / 185,62 € *(volume: 291)* +- ⬜ 25 minutes in: $210.05 / 185,62 € *(volume: 90)* +- 🟥 20 minutes in: $210.05 / 185,62 € *(volume: 75)* +- 🟥 15 minutes in: $210.07 / 185,64 € *(volume: 74)* +- 🟩 10 minutes in: $210.10 / 185,66 € *(volume: 72)* +- 🟩 5 minutes in: $210.07 / 185,64 € *(volume: 67)* +- 🟩 0 minutes in: $210.05 / 185,62 € *(volume: 54)* +- 🟩 US close price: $210.00 / 185,58 € *($209.50 / 185,14 € 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 1.1316. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I’m currently 22 years old have been saving for over 3 years. Currently have 60k in a high yields saving account at 1.9% APY through AMEX and was wondering if there’s any suggestions on where else to hold my money? I’ve been told to look for private banks for higher percentages cause I feel like I could be making much more off interest but don’t want to risk the whole biscuit. Financial advisors are hard to trust since these days with investments cause they will suggest things for commission. +After the powerball mania of last week (that continues), the funny posts in this subreddit about it, and those who can admit like me how it gets in your head even if you don't buy a ticket.. + +This New Yorker article about US state lotteries made me laugh for how numbers and chance can make us all go crazy (and the history of that craziness). Hope others find it a good read this weekend. + +[https://www.newyorker.com/magazine/2022/10/24/what-weve-lost-playing-the-lottery](https://www.newyorker.com/magazine/2022/10/24/what-weve-lost-playing-the-lottery) +TSLA is now the \*edit(seventh)-largest company via Market Cap in the US ($452 Billion). Here are the other 9 - [Link](https://www.tradingview.com/markets/stocks-usa/market-movers-large-cap/) + +For some info ( I don't know how to insert charts here) but this is the trend: + +March 18, 2020 - 66 Billion + +April 20, 2020 - 138 Billion + +May 20, 2020 - 151 Billion + +June 19, 2020 - 186 Billion + +July 20, 2020 - 305 Billion + +August 20, 2020 - 372 Billion + +As of this moment, 8/31/2020 - 2:10 PM CST - It is around $461 Billion. + +(Here is the source for the Market Cap Trend - [https://www.macrotrends.net/stocks/charts/TSLA/tesla/market-cap](https://www.macrotrends.net/stocks/charts/TSLA/tesla/market-cap) ) + +Edit 1 : Elon Musk's Net worth nears $100 Billion - with Bezos and Gates ahead of him. +Hello, individual investors! + +Now that I've dug into 803, I have enough background to go ahead and look into DTC-2021-014, which actually has a lot of helpful supra notes (foot notes) that better explain the NSCC-803 filing. + +I'm still continuing to update the 803 filing as I progress forward. + +As far as DTC-2021-014, this is the Settlement services offered in relation to the SFT service proposed by NSCC on July 22nd. + +Let's dig in: + +&#x200B; + +https://preview.redd.it/0xy0e52p1sd71.png?width=1452&format=png&auto=webp&s=8e6f73479bcb3947c7e43c09e81f3703b4332e17 + +&#x200B; + +https://preview.redd.it/ok5fmlyq1sd71.png?width=924&format=png&auto=webp&s=479f6a8c4f17adf098f886283a0d0885ce8f5280 + +***PURPOSE:*** + +&#x200B; + +https://preview.redd.it/kump07pu1sd71.png?width=1454&format=png&auto=webp&s=654d7fdcf6b0838a75a7c949bcbe5ded46e0ad17 + +What we can gather from the slide above: + +1. All SFT transactions between a Sponsored Member and its Sponsoring Member would settle on the books of the Sponsoring Member. +2. Sponsored Member = Buy side entity +3. Sponsoring Member = NSCC Member who sponsors the entity for the SFT service. +4. **This proposed rule change by DTC does not relate to Sponsoring Members, Sponsored Members, or their SFT transactions at NSCC.** +5. These SFT transactions and the related activity would occur outside of DTC and would not settle at DTC. +6. The term “NSCC SFT Counterparty,” as used in this filing, does not refer to Sponsored Members or Sponsoring Members. + +**The Proposed Rule is trying to accomplish the following:** + +***(i) expand the types of instructions that NSCC, as the representative (“Special Representative”) of each Participant that is also a member of NSCC, can submit to DTC on behalf of a Participant with respect to an Account of the Participant*** + +&#x200B; + +https://preview.redd.it/yb1ht4ot2sd71.png?width=1448&format=png&auto=webp&s=3b5dc5b4d908518f41a97af4837d0478af76cf07 + +What we can gather from this slide: + +1. The NSCC SFT SERVICE *would be* ***separate*** from the CNS account. This is GOOD\*\*, as the CNS Settlement System was used in the OLD "stock lending" program, which was a vehicle for manipulation.\*\* +2. NSCC has additional authority to submit instructions to DTC with respect to ***DVP*** and ***SFT PD*** transactions from the Account of the Participant to the NSCC SFT Account. + +================================================================================== + +***(ii) establish a new type of payment order for the crediting and debiting of payment amounts relating to SFT activity at NSCC (“SFT Price Differential” or “SFT PD”)5 to and from the Accounts of the Participants that are NSCC SFT Counterparties*** + +**SFT PD TRANSACTION:** + +***Securities Financing Transaction Price Differential*** *is A method whereby a seller charges one amount for the immediate cash payment of merchandise and another amount for the same item or items when payment is rendered at a future date or in installments.* + +The immediate payment price is called the *cash-price;* the later price is known as the *time-price* or *credit-price.* **The** ***time-price differential*** **is the difference between the two prices.** + +Read more: [Time-Price Differential - Payment, Immediate, Amount, and Cash - JRank Articles](https://law.jrank.org/pages/10788/Time-Price-Differential.html#ixzz71ppCeM5t) [https://law.jrank.org/pages/10788/Time-Price-Differential.html#ixzz71ppCeM5t](https://law.jrank.org/pages/10788/Time-Price-Differential.html#ixzz71ppCeM5t) + +**DVP TRANSACTION:** + +*Delivery versus payment (DVP) is a securities industry settlement method that guarantees the transfer of securities only happens after payment has been made.* ***DVP stipulates that the buyer's cash payment for securities must be made prior to or at the same time as the delivery of the security.*** + +&#x200B; + +https://preview.redd.it/3rzs1a7i5sd71.png?width=1403&format=png&auto=webp&s=6eb306f65932f1b1dad85df9d14384bb16ae4c61 + +We can gather that in respect to DVP Instructions, NSCC would submit: + +*(i) one instruction on its own behalf,* ***with respect to the NSCC SFT Account*** + +*(ii) one instruction on behalf of a Participant as its Special Representative,* ***with respect to the DTC Account of the Participant*** + +Accordingly, in order to effectuate a DVP transaction between Participants that are NSCC SFT Counterparties to an SFT, NSCC would send DTC a pair of DVP instructions: + +*(i) one instruction, as the Special Representative of the Participant that is an NSCC SFT Counterparty, to deliver the subject securities versus payment from the Account of the delivering Participant to the NSCC SFT Account* + +*(ii) one instruction, on NSCC’s own behalf, to deliver the subject securities versus payment from the NSCC SFT Account to the Account of the receiving Participant that is the other NSCC SFT Counterparty* + +================================================================================== + +***(iii) apply a modified lookahead process to the new Account that NSCC would maintain at DTC in connection with the NSCC SFT Service (the “NSCC SFT Account” or “Special Representative SFT Account”)*** + +&#x200B; + +https://preview.redd.it/ikcf68ds6sd71.png?width=1334&format=png&auto=webp&s=d2a53e2f95e38eb814f2484170203199bf48b851 + +The look-ahead processing is nothing new. They're just modifying it for a few reasons: + +1. To accommodate the proposed SFT Service. +2. To prevent transaction blockage from occurring due to risk management controls on the NSCC SFT Account. +3. To ensure that there are no net settlement obligations against the SFT Account + +&#x200B; + +https://preview.redd.it/ndc3bgkz7sd71.png?width=1443&format=png&auto=webp&s=4c7598bc97cc27f5215b6d667c499a840d335d81 + +The aforementioned order types, SFT PD, and DVP, would only be completed if the Modified Look-Ahead is satisfied. The Look-Ahead would be satisfied if: + +*(i) the pair of instructions from NSCC are consistent in terms of the number of subject shares and/or dollar amount, CUSIP, and DTCC Reference ID* + +*(ii) the net effect of processing the instructions would not violate the respective Net Debit Caps, Collateral Monitor or other risk management system* + +***(iv) establish a fee for the payor and payee of an SFT Price Differential payment order.*** + +&#x200B; + +https://preview.redd.it/gj5mq9359sd71.png?width=1430&format=png&auto=webp&s=cce04d002cd2ac070ca9d27d070ef50b24a9f599 + +From this, we can gather: + +1. DTC is proposing the lower fee for SFT Price Differential payment orders because setting payment obligations for cleared SFTs would require a **HIGHER VOLUME OF PAYMENT ORDERS** than would otherwise be required for settling payment for **UNCLEARED SFTs.** +2. **SFT SERVICE IS NOT BILATERAL -** meaning all SFT Transactions will be approved, and cleared accordingly. +3. **NSCC** at this time is unable to anticipate the size and composition of the SFT portfolios and activity. + +================================================================================== + +&#x200B; + +TL;DR + +NSCC-803 / NSCC-010, and DTC-014, as well as FINRA notice 21-27 all came out on Thursday, July 22nd. + +This filing pertains to the settlement of bi-lateral, or UNCLEARED SFTs OUTSIDE of the NSCC, as the NSCC SFT service will only allow cleared and pre-approved transactions. + +It relates to the counterparties of the NSCC SFT Service, or entities otherwise unable to use the NSCC SFT service. The DTC anticipates more volume from CLEARED SFTs than uncleared SFTs, and have also modified their risk controls to ensure the SFT Service runs smoothly. + +The fact that we saw this, NSCC 803, 010, and FINRA notice 21-27 jacks my tits. + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ +What's up GME Stonkhodlers? + +It's me Gherkinit here to drop another load of technical analysis and some fundamental predictions on you. + +As always later tonight I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have reading comprehension issues it will be posted by 10pm EDT. + +Edit 1: Up @ 10:30pm EDT + +\**a note on this in the conclusion* + +This last week was a pretty wild ride so let's look into what happened and why. + +# Preamble : ATM Offering and the Future of GME + +Something we definitely need to cover this week, as It greatly affects all the TA being done on this stock whether it is the exponential floor, Elliot Waves, or my own indicator back strategies. Whichever TA you follow you must understand that a fundamental change of this nature with no warning is going to affect them all negatively. + +GME has more than likely sold **most or all** of it's ATM offering. While this action makes sense and ultimately benefits the companies long-term transition plans, I still want to address some of the concern I've heard over the last several days and dispel any FUD that may arise from this. + +1. There are multiple indicators that correlate an ATM share offering, I covered OBV and VWAP in my daily threads this week. These two DD's cover a lot of concerns and hopefully will help shed addition light on this sometimes confusing topic [DD1](https://www.reddit.com/r/Superstonk/comments/ny9l3t/hypothesis_the_gamestop_at_the_market_offering_is/) and [DD2](https://www.reddit.com/r/Superstonk/comments/nxkuvw/clarification_of_when_gamestop_will_issue_a_press/). I will be basing my TA this week on this sale being completed. +2. **The shorts are going to cover!??**....No, the shorts didn't cover at 40 they didn't cover at 157 (the last offering of 3.5m shares) and they definitely are not going to cover at 255. Even if they got their hands on all 5M shares the primary thesis that backs GME already assumes a SI% greater than 140% (80M+ shares) of the free float, so 5M shares wouldn't even make a dent. +3. **Why would they do this right away?** Well with RC now official at the helm, and the CEO CFO announcements I think we will start to see a lot more moves out of GME. GME has been sitting through a lot of stagnation over the last few months as we waited for many of these changes to take place. Now that control of the company has been ceded over to Cohen & Co. I think we are going to start see announcements of the bigger shifts in company direction start rolling in. These things cost money, they should now have the capital on hand to pay for them. +4. **What Happens Now?** Well with the new leadership officially at the helm the first thing we are going to see is renewed interest from long funds as GME is now going to be seen as a strong long term investment with lots of growth potential. The lack of leadership during this transition period has definitely kept them and other more conservative investors at bay. The Russel Reconstitution occurs this month as well. As of May 7th (Rank Day) GME had a market cap of $11.97B, the Russel 1000 requires a market cap of $7.3 billion for transition. It would appear that GME will in fact be making the transition according to a statement by Catherine Yoshimoto (FTSE Russell’s director of product management). Both of these changes indicate greater interest from a much broader swath of investors. These factors should create lots volatility in the Short term as investors scramble to pick up shares of what we have know all along to be a damn good stock. + +[Russel Reconstitution Schedule for June, 202. Changes take effect after market close on the 25th ](https://preview.redd.it/9eo2rd5c72571.png?width=982&format=png&auto=webp&s=feaee5b9fc91eb9d184d86bacbd78a4fa7719369) + +# Technical Analysis + +**The Ascending Channel** + +This [broadening formation](https://www.investopedia.com/terms/b/broadeningformation.asp) trend I think will continue into this week. We will either ascend back into our original channel or begin a continuation of the previous weeks trend in this new lower channel. This Monday and Tuesday's price action will determine where the new channel will form. This shift accounts for any deviation that occurred from the ATM offering. I do believe that the underlying thesis that backed the start of this formation still holds true. Interestingly, most of the volume traded during the downtrend on Thursday and Friday was traded within the bounds of the original channel so this deviation may not be as severe as it appears. + +[Diagram of original channel and possible new channel accounting for ATM offering. 4h timescale. ](https://preview.redd.it/ssr99lj3d2571.png?width=2022&format=png&auto=webp&s=33c930a95dae228ed44df7b849ece0912671ee57) + +The bounce we saw on Friday from the low of $206.13 also seems to be confirmed by ADX [(more here)](https://www.investopedia.com/articles/trading/07/adx-trend-indicator.asp) + +[ADX indicator on the 4hr](https://preview.redd.it/5ot4q03cf2571.png?width=1493&format=png&auto=webp&s=bd42c59bca30e4678cb70dbccc04e280133a0eb9) + +Lastly the exponential rate of growth at the beginning of each week still held true this week even though the possible share offering ate into that growth. This is my predicted price action for the week. Likely test of 320 with a possible test of 350 before the end of week consolidation begins. + +[Exponential Growth Pattern](https://preview.redd.it/b803svogh2571.png?width=1489&format=png&auto=webp&s=66e8c389352eac7286d1ba3845a79e1819f1b109) + +I still stand by my [short inflation theory](https://www.reddit.com/r/Superstonk/comments/n8qlbh/jerkin_it_with_gherkinit_forward_looking/) and continue to assume a lack of value in GME short sales. As such I expect the pattern from the previous 23 trading days to resume on Monday. + +**The Perfect Cup & Handle** + +While this is one of my least favorite [indicators](https://www.investopedia.com/terms/c/cupandhandle.asp), sometimes they are just to perfect to ignore. The presence of other indicators and it's basically perfect three month formation are signaling that this one has some merit. As ADX and 50/200 Moving averages also confirm the potential breakout. When cup and handles work they are a beautiful thing, realizing potential price targets of 1.5-3x the upper resistance which in this case would be between $525 and $1,050. + +[Potential breakout to all time highs](https://preview.redd.it/csixp0hrk2571.png?width=2455&format=png&auto=webp&s=cff058dd9c6d976f1fe7f553f45be8b7cf35345f) + +# Conclusion + +It looks like everything is back on track for another week of steady growth. But, please remember as we move closer to these high volatility events, such as the Russel 1000 listing, that we will see a breakdown in the accuracy of some technical indicators and improvement in others. As always these indicators present a way to understand constantly changing information and in no way predict the future just the probability of certain movements. I will as always update the daily live charting with any relevant signals on CV\_VWAP if we have any notable arbitrage. + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under pinned posts on my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +On my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Or over on my communities [Discord](https://discord.gg/BGmjnrvHnw) + +or for memes and other fun stuff on [r/dillionaires](https://www.reddit.com/r/dillionaires/) + +As always thank you for the support + +🦍❤️ + +\- Gherkinit + +P.S. For those of you with positions in [$PERM](https://www.youtube.com/watch?v=zV_Mf7SbA34) I'm off to facilitate this... + +# Disclaimer + +*\*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 feel compelled 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.* + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +TDA is showing $27,000 realized gains this year. Great! It's also showing -$11,000 in unrealized losses. Less great! If I do nothing, I'm assuming I'm going to get taxed on the $27,000 and still be holding a bag of wheels (CRSR, RKT, SNDL) that may or may not ever recover. + +If I don't believe the stock will recover in less than 30 days (wash rule), is there any other reason why I shouldn't just realize the losses now? I'm wheeling, so no expectation of long-term tax rates. +TDA is showing $27,000 realized gains this year. Great! It's also showing -$11,000 in unrealized losses. Less great! If I do nothing, I'm assuming I'm going to get taxed on the $27,000 and still be holding a bag of wheels (CRSR, RKT, SNDL) that may or may not ever recover. + +If I don't believe the stock will recover in less than 30 days (wash rule), is there any other reason why I shouldn't just realize the losses now? I'm wheeling, so no expectation of long-term tax rates. +I am new to options. About 7 month ago, a friend introduced a option trading specialist who only trades short strangle. He promised insane returns and my friend showed me his stmt to vouch for him. I ended up gave him 100k, eventually 200k. He did well, for 7 month, I got cash return of 49.5k. However, I pulled out as of Friday. Why, because I finally understood what short strange is and he was leveraging the hell out it. With 200k margin acct, I had close to 1 million exposure every trading day. He is using my acct to trade a la James Cordier, ding ding ding! I am a very conservative investor all my life and once I understood the short strangle concept, I got scared...it's just not for me even though the return is insane, having extra 7k per month to spent is a good luxury to have. But when I think about the downside risk, I chickened out. + +I started learning short strangle myself, using thinkorswim to mimic his trades (paper trading). I learned that iron condor is a similar strategy, except the loss is defined. I am going to do this myself, mostly using a combination of iron condor and short strangle. + +My question is did I make the right choice by pulling my fund out with this guy? I think so but want to hear what you pros thinks. + +As I start my own journey, I want to introduce myself to this forum. +10 year spiked to over 1.96% today, highest since the Pandemic but all big tech is green, multiple zero earnings stocks are also green, while value stocks are down or flat. + +Shouldn't the huge spike have caused another tech selloff? Or is it just a delayed reaction? +# Introduction + +You’ve likely seen the news on GameStop’s stock rise and fall in January. But why do many people today continue to HOLD or HODL their GameStop shares with unyielding determination? + +&#x200B; + +https://preview.redd.it/bx1mgbf27vy71.png?width=1024&format=png&auto=webp&s=f3187bec212eb14888e842bbb1bff6919640b312 + +Billionaire hedge fund managers like Ken Griffin, who make their money from others’ misfortune by wielding their immense power over the markets and media, will tell you it’s because we’re all conspiracy theorists. They want to dissuade you from digging deeper into the whole GameStop story because what they’re hiding could potentially make you rich. + +&#x200B; + +https://preview.redd.it/65dgxs177vy71.jpg?width=960&format=pjpg&auto=webp&s=994682637638405ce06f04f7732da12bd53c8d34 + +If you do your own research after reading this, you’ll see why this story, rapidly developing behind the scenes since January, is quietly the biggest story on the market right now. + +At its core, this is a story about how the perfect storm is brewing for GameStop’s unprecedented company transformation and the world’s most anticipated short squeeze -- the Mother Of All Short Squeezes. + +# The Saga Begins + +By 2020, many hedge funds had perfected the art of shorting American companies to bankruptcy. By [bankrupting companies like Toys R Us, Sears, BlockBuster](https://www.cnn.com/2018/10/16/investing/retail-sears-private-equity/index.html), they were able to steal billions in profits from hard-working Americans **without paying any taxes on those capital gains.** + +Nobody was standing up to them yet. + +In 2020, GameStop had reached its all time low of $2.80. + +Hedge funds felt they were so close to victory. They foolishly did not buy-to-cover all their short positions even as the stock slowly rose until the price reached its dramatic crescendo in January; a crescendo that was only silenced because brokers shut off the buy button for the first time. + +&#x200B; + +https://preview.redd.it/z4erquf97vy71.jpg?width=582&format=pjpg&auto=webp&s=3fd4155b05f44c357b55c1854874dddd33baa3f0 + +But why did the stock surge in the first place? Because a) investors started noticing hedge funds had shorted more shares than exist, and b) e-commerce legend Ryan Cohen came into the picture. + +The [recent SEC report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) finds it surged due to “positive sentiment” around the stock. + +&#x200B; + +https://preview.redd.it/er8bth1d7vy71.png?width=636&format=png&auto=webp&s=57002371ad810384c482fb48332fa93e8b84a7a0 + +# The Transformation Begins + +&#x200B; + +https://preview.redd.it/c6axdufe7vy71.jpg?width=959&format=pjpg&auto=webp&s=058ed1fb6f7b8c597b6b93a34fc4ff0fbeb3bbd3 + +Ryan Cohen, who sold Chewy to Petsmart for $3.35 billion in 2018, took over the company after buying 9,001,000 shares, a 13% stake. + +[Ryan Cohen told shareholders at the first shareholder meeting in June 2021 to “buckle up” and to “judge us by our actions, not our words.” ](https://gmedd.com/transformation/ryan-cohen-at-agm-we-ushered-in-a-whole-new-era-of-gamestop/) + +His vision is far beyond bringing e-commerce to a brick-and-mortar store. He’s here to **disrupt** the entire $250 billion gaming industry. + +He has since hand-picked over [250 new tech hires](https://gmedd.com/dd/amazon-dont-tell-me-we-lost-another-as-gamestop-poaches-over-250-hires-from-tech-giants/) from companies like Amazon, Microsoft, Walmart, Google, Facebook, Chewy to execute his vision. + +Under Ryan Cohen, GameStop is an entirely new business flush with $1.7 billion in cash and no debt. + +Although the media refuses to cover GameStop’s developments accurately, Ryan Cohen has already accomplished a lot, so please [click here to see a list of 16 things GameStop has achieved under Ryan Cohen.](https://www.reddit.com/r/Superstonk/comments/qb1p4d/connecting_the_dots_of_10_months_of_acquired/) + +# GameStop Is Poised To Disrupt The Gaming Industry By The End Of This Year + +The true game changer is GameStop’s [NFT (Non Fungible Token) department](http://nft.gamestop.com/), a stealth start-up within the company that was [discovered in May 2021. ](https://gmedd.com/transformation/gamestop-unveils-official-nft-project/) + +Although an announcement from the company is expected **by the end of the year**, internet sleuths in the stock community have discovered [an abundance of clues and leaks](https://gmedd.com/blockchain/loopring-code-confirms-gamestop-nft-marketplace-is-underway/) that makes it almost certain that GameStop is gearing to launch its NFT Marketplace built with technology from Loopring. + +Although NFTs are viewed by outsiders as scams, NFTs have a lot of [practical uses in the gaming world. ](https://www.gemini.com/cryptopedia/nft-blockchain-gaming-industry) + +Imagine a world where you can play to earn, rather than pay to win. This technology already exists, and GameStop is poised to make that a reality with their blockchain NFT marketplace which will be [gas-free](https://gmedd.com/blockchain/gamestops-nft-marketplace-will-feature-gas-free-instant-transactions/) and [user-friendly.](https://gmedd.com/transformation/gamestop-to-bridge-traditional-e-commerce-and-blockchain/) + +# Individual Investors Like The Stock + +Absolutely none of this would’ve been possible without the shareholders that have held through this rollercoaster. + +&#x200B; + +https://preview.redd.it/fnzgfiaj7vy71.png?width=800&format=png&auto=webp&s=b3441eded9351375cd55e4258bed680ff4e9b8ad + +Investors **like** the stock for their own reasons. + +Investors **buy** the stock for their own reasons. + +Investors **hold** the stock for their own reasons. + +Investors **transfer the stock to their own name** for their own reasons. + +Around seven months after brokers restricted buying in January, investors started realizing that they could transfer a portion of their shares directly to their name with the help of GameStop’s official transfer agent, Computershare. For every one share that is directly registered into an investor’s own name, the float is reduced by one; it’s the same effect as a GameStop insider buying one share. + +Thank you for reading today. That’s the story explained in 741 words. I’ll leave you to enjoy some memes! + +&#x200B; + +https://preview.redd.it/da0kyvkpbvy71.jpg?width=735&format=pjpg&auto=webp&s=d39413db1833e113cd981a87f2b8bc6c25798032 + +&#x200B; + +https://preview.redd.it/8el4yqjqbvy71.jpg?width=1080&format=pjpg&auto=webp&s=67c15d5eed17c4e4ec1caab77aef04eed8c2ef40 + +&#x200B; + +https://preview.redd.it/wxylfu0sbvy71.jpg?width=500&format=pjpg&auto=webp&s=334969b5795816e793726a9b71d4be2c305cddb1 + +&#x200B; + +https://preview.redd.it/sj1remxsbvy71.jpg?width=2000&format=pjpg&auto=webp&s=4970147d86530af1719f4103aad0e3caf999b3f1 + +&#x200B; + +https://preview.redd.it/eva21a3ubvy71.jpg?width=500&format=pjpg&auto=webp&s=5719782576c6e58b7666f5ce8cde85df36ba4d0f + +&#x200B; + +https://preview.redd.it/5z2pb9cvbvy71.jpg?width=980&format=pjpg&auto=webp&s=f89d2ea54916027728ef37437c179c3b8c5ac4a5 + +&#x200B; + +https://preview.redd.it/s0u2huiwbvy71.jpg?width=635&format=pjpg&auto=webp&s=b84b3076cc89f084d42781f913e66f7d24973f24 + +&#x200B; + +https://preview.redd.it/21ro5icxbvy71.jpg?width=1696&format=pjpg&auto=webp&s=7779384a6128ca7c1d1fe6eebddca5b518225e54 + +&#x200B; + +https://preview.redd.it/9mpsm1qybvy71.jpg?width=500&format=pjpg&auto=webp&s=92f952f441860b8369b7e952e02d8258d814b504 +Hi all, + +Long time redditor here looking for some advice. + +My seven year pro rata long service leave entitlement starts on 23/03/2022. + +However, my new commitment requires me to start on the 28/02/2022 although my notice period is four weeks. + +So my questions is - I’ve booked four weeks leave from the 28/02 and I plan to give my notice on this day. Will I qualify for the long service leave payout? As my official last day of employment will be at the end of the 4 weeks notice period, which is after the 23/03/2022. + +Thanks I’m advance, + +Edit - formatting on mobile phone. +Hi all, + +In the interest of community I thought it’d be nice to see who we have on here and get to know who’s who a little bit. + +Obviously appreciating many will prefer full anonymity, so not expecting all will want to share any info. For those that do it’d be good to hear a little about who we have on here. + +For example: + +* Where in the country (or world) you are +* Industry you work in +* Level of investing experience & knowledge +* What type of stocks you like to buy +* Level of success to date + +I’ll post mine in the comments +Hey people, i’m a little (very) concerned about BG American Class A and I wanted to get the opinion of people smarter then me. + +At one point in time this fund was doing great and perhaps in hindsight I should have realised this was unsustainable and got out while things were good. Fast forward 27th April 2022 and i’m down 41% on my initial investment. The fund itself is down 23% in 2022 and 39.29% YTD. + +Truthfully, I have been checking this fund religiously (everyday) hoping it will turn a corner but it doesn’t look very promising. If anyone else is invested in the fund or has any thoughts i’d like to hear from you. + +https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F0GBR04RNT + +EDIT: Thanks everyone for all your sound advice and analysis. +I moved into my first apartment with my boyfriend in July. A little over a month later I got into my first car accident and my car was totaled. Perfect timing when my savings account had taken a hit from moving out right?? I had just bought the car so luckily I had not sold my old car yet and was able to transfer the registration back. I bought it for cash and no payments, so I don’t owe anything on it. + +Anyway so I was found responsible for the accident (even though I got T-boned sadly). After the accident, I was required to get a special insurance that was much more expensive. I was on my boyfriends policy with Progressive and we were paying $310 before the accident. We called them yesterday and the price went up to $580. I almost had a heart attack and pretty much immediately started crying on the phone. I felt so bad because my boyfriend offered to split it with me even though I had the accident. He said we could both pay $290 instead of me paying $425 and him paying what he originally did before the accident. + +I knew I couldn’t afford this and was stressing so hard. I was trying to find a second job. But I decided to call other companies just to see. So this morning I did an online quote on Gieco and I got $202. It was so good I didn’t believe it so I called them. + +Guys. After imputing all the info, the lady managed to get me a rate of $133 a month. Including all the special insurance I had to get. I couldn’t believe it I was almost crying from happiness. I’m now paying less for more coverage at Gieco than I was for less coverage with the other company. + +I’m sorry if this isn’t exactly the right place or post but I’m so happy I just wanted to tell someone! I don’t really have a message other than to shop around! My mom told me to try other places but I was convinced no one would take me since I was an “At risk driver”. I’m glad I decided to take a chance and call them. +Good Morning Everyone! + +Still no news from the FEDs closed door meeting yesterday, it's possible they will wait till Wednesday when the January FOMC minutes are released before making any other statements, even though their website clearly states that information would be released after the meeting had concluded. + +The news coming out of the potential Ukraine conflict is still all over the place and the market is having a hard time pricing in expectations. So volatility remains high as the S&P tries to claw back some of the ground it lost since last week. + +GME has it's usual FTDs today from ETF creation and XRTs thresholding. There should also be some gamma exposure due from last Friday's options being exercised so we may have a little more buy pressure than we did yesterday. + +Feb 18th OPEX is this Friday and if they are going to start hedging GEX from that early we may start to see a slow climb over the next few trading days similar to the period before November 19th. + +[If we continue up today off this pre-market bounce we could see a test as high as 137.85 but we have confirmed resistance in the 126.78 range. ](https://preview.redd.it/26y74tqw40i81.png?width=1564&format=png&auto=webp&s=d3f1410c515fd8470a8dbbab3d4dc7c9884cdd09) + +[Our positive ADX trend is picking up a little momentum and strength to the upside, as well. ](https://preview.redd.it/tqhrmise50i81.png?width=1578&format=png&auto=webp&s=41962688eda8d42836ee47ead3c35c879ed1819d) + +**Gamma Girl...** + +Will update if there are any changes today + +**DIX Pics** + +https://preview.redd.it/0ji9g9mt50i81.png?width=2492&format=png&auto=webp&s=4fdd70b280e5b7cabfeee1ebc26f9902e1a7b67d + +[IV flat](https://preview.redd.it/ma6f8eiy50i81.png?width=2466&format=png&auto=webp&s=0b70aa1eb532ec34d86101b55920174884e749e5) + +https://preview.redd.it/bjri2ke160i81.png?width=2476&format=png&auto=webp&s=9ef776b9492f60f9335740734e17275d59c4528a + +There are still some big options moves coming in as contract buying on GameStop remains bullish. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 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 Market + +Nice close today right above that wall of call interest at 125, should mean some decent hedging going into next week. Puts being used for price stabilization have all but dried up. Tomorrow will be tricky we have some nice hedging from today, the usual FTDs, and continuing interest in call options driving us up. However FOMC minutes and SLD beginning could have some negative effects on broader market trends. Hopefully we can resist any potential downside and carry this price improvement above max pain into close Friday. Thank you all and see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/qt5owthaa2i81.png?width=704&format=png&auto=webp&s=a407ccf8d43bf5c6c30733bc3aa0d5d3c0b8b488 + +Edit 3 2:31 + +Looking good for a move into power hour as long as the market can hold. We have some decent OI at 125 and could see a test of that 126 resistance. + +https://preview.redd.it/ik8f4ttvt1i81.png?width=1578&format=png&auto=webp&s=b50b433be05e9599a17540c2b371bd5f8560745d + +Edit 2 12:45 + +Continuing to slightly outperform the overall market but still tracking. Smaller dips and large increases. If we sustain this 5% gain into close we could see some nice hedging into tomorrow when SLD begins. + +https://preview.redd.it/m4cqlpmya1i81.png?width=1569&format=png&auto=webp&s=1d2fbdbd2d9188d1487fb824d204ce204b231d5e + +Edit 1 10:50 + +Mostly just tracking with the overall market today, some easing of tensions in Ukraine have shown some price improvement but the market is still hesitant of the FEDs plans. + +https://preview.redd.it/kgbs6l6dq0i81.png?width=1570&format=png&auto=webp&s=5ce4564d473d6b880bb3c189200f50393705c968 + +# Pre-market Analysis + +GME climbing back with the overall market, it still hasn't made up all the losses since yesterday morning but it's on track to do so. If our volume remains low today we will continue to be at the whim of the overall market and with so much news being anticipated we can expect the market to react quickly to new information throughout the day. + +Volume: 17.63k + +Max Pain: 121 + +Shares to Borrow: + +IBKR - 200,000 @ 2.0% + +Fidelity - 134,647 @ 1.5% (about 73k borrowed today) + +&#x200B; + +[GME pre-market 1m](https://preview.redd.it/tq7ee9tn70i81.png?width=1563&format=png&auto=webp&s=7711f52933d4b09901a24a64be9309dbfb480f17) + +TTM Squeeze + +[We are getting a lot of false signals here because of the ranges we are trading in but I would say that the previous 4 days of price action indicate fire signals due to the amount of consolidation even though it is in a broad range. ](https://preview.redd.it/mipzf7yi80i81.png?width=2446&format=png&auto=webp&s=5b11d27165a6f3cd9ac216373f28872df4c7a497) + +CV\_VWAP + +[Arbitrage is fairly stable](https://preview.redd.it/gz52doqm80i81.png?width=2451&format=png&auto=webp&s=f9dee0e8e751cbcf52f30bb4109b237b7584c5a9) + +**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.* + +\**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.* +I earn about £25k. + +I’m very frugal, but it’s depressing how little I’m able to save living on my own. It’s going to get worse in April. I’d also hoped I’d be so much further ahead in life by now. + +I’m wondering if it’s worth moving home for 3-6 months and save between £5-£10k. The family are Ok with me moving back. Or maybe I should just suck it up and accept that this is life. + +I am applying to jobs in a higher paying industry (software/data engineering) but not having much luck. I can’t really focus on much else beyond self-studying & interview prep in my free time, so almost seems pointless living in the city on my own. + +Edit: + +wow didn’t expect this many responses. Will try to respond to some. The consensus seems to be that I should go for it. Thanks for the input everyone! + +I am reading all the responses but may not find the time to respond to everyone. +I earn about £25k. + +I’m very frugal, but it’s depressing how little I’m able to save living on my own. It’s going to get worse in April. I’d also hoped I’d be so much further ahead in life by now. + +I’m wondering if it’s worth moving home for 3-6 months and save between £5-£10k. The family are Ok with me moving back. Or maybe I should just suck it up and accept that this is life. + +I am applying to jobs in a higher paying industry (software/data engineering) but not having much luck. I can’t really focus on much else beyond self-studying & interview prep in my free time, so almost seems pointless living in the city on my own. + +Edit: + +wow didn’t expect this many responses. Will try to respond to some. The consensus seems to be that I should go for it. Thanks for the input everyone! + +I am reading all the responses but may not find the time to respond to everyone. +Original post [here](https://www.reddit.com/r/UKPersonalFinance/comments/j9rpl9/scam_investment_gutted/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Last year I reached out here for help having discovered my parents had been victim of a push payment fraud. I received kind words and helpful advice, for which I was really grateful. + +The money lost was financed from Barclays and Santander accounts. + +Following a detailed letter outlining what had happened, pointing out the voluntary code and evidence as to why my parents weren’t grossly negligent in the payment Barclays immediately refunded the money. + +Santander however refused to refund stating that is was grossly negligent. This caused additional anxiety to my parents who were already rocked. + +I took the case to the ombudsman. It was a very long process, with no case worker being allocated for 11 months. Chasing them had no effect, various promises and changing tales as to why. + +As soon as a case worker was allocated things started to improve, although frustratingly Santander don’t respond to the ombudsman until there is a case worker, so despite them requesting their reasons for refusing the refund 11 months earlier we had to wait for a response which to be fair only took a couple of weeks. + +Armed with their response the case worker quickly (3 days) completed their investigation and made a recommendation for them to refund total amount plus 8% interest. This wasn’t binding but Santander didn’t take it to final review and accepted the recommendation and have now refunded the money (but no interest). + +It’s been an eye opening experience, a realisation of needing to care for my ageing parents more and a frustrating slow system - but the outcome is ultimately positive. + +My parents have decided to buy an electric car as opposed to invest the money… can’t wait to field the “where does the petrol go” calls. + +Once again thanks to this sub- the support it provides to such a wide range of problems and people is superb! +The US Government has a lot to gain from the MOASS happening, and so much more to lose from preventing the MOASS from not happening. And it's not just 37% capital gains taxes either. + +[As other DD has proven, Citadel has far too much power within the stock market.](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/) And with their recent actions and numerous violations without solid consequences, it is in the government's best interest to stop them. + +We also know from the actions of the financial regulators that they have been pumping out new rules like there's no tomorrow which protects themselves and ensures that no matter who falls they'll be covered and the destruction of any hedge funds won't have too significant of an effect on the markets. + +But most importantly, the more the MOASS is delayed, the more the general public becomes aware of all the corruption within the US Financial Markets, and the less control they have over the people and the narrative. + +With so many topics related to financial regulators, GME, MSM mistakes, and SHF's trending on Twitter every week, and with how much attention r/superstonk is now garnering (and of course with so many GME investors refusing to sell), they've practically already lost their ability to control the narrative despite all their money, fame, and power. + +**With all these things in mind, the government needs SHF's to fall as scapegoats for the mess they got themselves in, and for those who went long on GME to be rewarded with their inevitable tendies (and of course the capital gains taxes for the government). It is the only way to minimize the fallout of ANOTHER impending market crash; especially one that's coming just as society is just starting to recover from the pandemic.** + +I still know that there are going to be protests and angry mobs; even towards the HODLers of GME who were able to make unimaginable wealth off "manipulating the system" (even though they've done nothing wrong and did anything but manipulate the system). + +But hopefully with time, and with the newfound power of GME holders, the general public will be able to solve the actual manipulation that has been going on for too long. + +# TL:DR; The US Government desperately needs to get rid of Wall Street funds that have gotten too powerful, scapegoats to shift blame off them for the next crash, and for them not to lose control of the general public once the crash happens. The MOASS is their best chance for all these things to happen, and they more than likely know this as well and are doing what they can to make it happen. +&#x200B; + +https://preview.redd.it/8mw8hkmniiv81.png?width=960&format=png&auto=webp&s=61b61aa5d34b0d78cc30375d3763851efeed5224 + +https://preview.redd.it/6fa7zzbpiiv81.png?width=960&format=png&auto=webp&s=2868f37d5c0a84f455363b4b801911d0d5e8655f + +This strategy is running live since 03/02/2022 (50 days).  + +It is beating S&P 500 just like the backtesting results. + +How do you rate this strategy? + +[View live performance and trading details](https://tradenote.io/strategies/yNJpfPzK) + +Thank you! +Let me get this straight... + +The SEC reveals [Credit Suisse is fined almost $500 million for a worldwide corruption scheme](https://www.sec.gov/news/press-release/2021-213) centered around Mozambique after Kenneth Griffin touches down in [Zambia](https://www.reddit.com/r/Superstonk/comments/pcnt8u/where_the_fuck_are_you_going_n302ak_left_france/hakylnu/?utm_source=share&amp%3Bamp%3Butm_medium=ios_app&amp%3Bamp%3Butm_name=iossmf&amp%3Bamp%3Bcontext=3%E2%80%A6) ([which borders Mozambique](https://duckduckgo.com/?q=MOZAMBIQUE&ia=web&iaxm=about)) 2 months ago ~~after turning off his transponder over Algeria..~~ + +**edit:** + +Check [this comment](https://www.reddit.com/r/Superstonk/comments/qbjznd/comment/hhcjk4d/?utm_source=share&utm_medium=web2x&context=3) about a lack of voluntary ground based receivers as being the reason the plane disappeared on the relevant tracking website over Algeria - **not because the transponder was intentionally turned off.** I haven't verified the claim but it seems reasonable enough. + +Here is why this is relevant today: there was some DD (or a comment) on the credit suisse report awhile ago and how it suggested CS could've forced archegos to offset some of their long positions with short positions around the time of the late January non-squeeze. There was only 1 "good" short selling position I can think of during that time. With this new information on the corruption of CS in Mozambique, there's now a plausible connection between the biggest players in this saga. + +I'm still looking for the comment/DD. + +**/e** + +This is revealed after a shoddy and clipped gamestop report is released that does ABSOLUTELY NOTHING of importance to disprove the DD on GME since January. Oh, SEC staff didn't find [any direct evidence of naked shorting with data provided by the NSCC?](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) You mean the same NSCC [that worked together with FINRA to modify transaction data](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) multiple times after January? + +Why didn't you examine the NSCC's database *yourselves?* For cops on the beat, you're pretty fucking useless, SEC. + +Gary - I can appreciate your support about certain aspects of the gamestop saga - ***but NO MORE fucking around with these people.*** + +I wonder how much more the SEC knows that they haven't been able to reveal publicly due to outside *and* inside pressure from the obstructionist commissioners still present in the SEC. + +Or maybe...*they don't know.* + +***edit:*** + +A lot of people on here like to say talking about the SEC is pointless, but let me outline something: + +The *only way* for pressure to be put on those institutions is if ***the public*** interface and communicate with them directly. It's hard for SEC staff to ignore public concerns when they're being bombarded with comments about GME every day. Sure, the leadership decides what goes into a public report at the end of the day, but the more pressure applied to those institutions, the harder it becomes for them to lie. +Between all of the events happening in the world right now and recent major media outlets talking about climate refugees and refuge cities that will be harbours for people, I’ve started thinking more about investing for and in anticipation of, climate change. + +Is anyone else thinking about this? How are you working through this thesis, and what companies do you think will be in a strong position to benefit humanity and themselves as a result of climate change? +Hello all. My friends and I (6 in total) are all recent college graduates or are going to be graduating soon (within the next 2 years). We all get along really well and think it is our best way to be able to move out of our parent's homes. We aren't the most financially savvy people though. + +Since we each bring in a modest income (or very little in the case of the students) we figured that each of us on our own would not be able to get approved for a mortgage on a house that would house all 6 of us. On top of that it would be kind of awkward if one person was the landlord for everyone else in the house. + +What would be the best way for us to go about getting a house that would allow us all to be present in the financing and ownership of the house so that one person does not have to incur all of the financial risk/burden of owning the home? + +Essentially it would be nice if we all owned the house equally as if we were married without actually having to get married. Would creating something like a 501(c)(8) be the way to go? + +If it helps this would likely be happening in Michigan. This is also something we plan on doing once everyone has graduated meaning we have some time to prepare. Hopefully this means the housing market will be a bit better. + +Any and all help is appreciated. Thank you! + +Edit: It seems like the overwhelming consensus is that this is a bad idea. Thank you all for a nice reality check before I did something stupid. Now if you will excuse me I have a very large bowl of crow to eat. +I recently was in an accident and my car is deemed a total loss. Insurance is paying out 6k total (7k less 1k deductible) + +&#x200B; + +7k is not nearly enough to purchase a similarly used vehicle in this market. Carvana is showing my make, model, and 20k more mileage for \~12k. + +How can I get payout to be adjusted to actual market value? + +[EDIT]: Thanks for all the replies and help! + +To add some more info: + +- I own this car and have paid off the loans. So there are no lienholders. + +- Accident occured and I live in Texas + +- My insurance is Progressive + +My next steps are to get the information from the adjuster to understand how they made this judgement on cost. + +With this info, I'll start negotiation process. +In this process I'll + +- Refute comparables that have dissimilar mileage, # of accidents, # of owners, trim level, etc. + +- Show my own comparables and hope that helps + +- Possibly hire an independent appraiser to evaluate the value of the car. +First, I'm glad I found this community! + +About me: I make 200k and am below 24 years old in a HCOL American city. I've diligently invested ~50% of my take-home quite tax efficiently (company supports the Megabackdoor and a Roth 401k). Vaguely, I'm shooting for a 7-10MM retirement if I can keep my career momentum going. Since my situation lets me shovel 60k+/yr in Roth accounts, a substantial chunk of my investments are growing tax free. + +I've considered saving for a condo/home downpayment over the next few years through a CD, but this will probably cut into my investment ratio somewhat. While home buying is a personal decision, I assume many here have also been in this spot. If you went for the property route at the expense of reduced medium-term investments, what made you go this direction? +I have 14 leaps in both of these ETFs and they are destroying my account. Most of my theta plays are going good. When these break even I’m out and going 100% theta. +I’m 21 currently living and studying in Sydney at uni, and have around 50K saved for a deposit with another 35K in shares I could liquidate if I need to. I’ve been thinking about buying my own place but have been constantly advised by my family to NOT buy an apartment/unit at all costs. Given the crazy prices in Sydney, I’m not sure I will be able to afford a free standing home. + +Why is there such a strong negative sentiment towards apartments/units and are they really as bad as people say?? +Hi all, +Got curious about the topic and how such a system might be designed on a rather top level. Let's assume I would want to build it in Python/C++, whatsoever. How would I implement my strategy? I was thinking about having generic trend following strategy objects for example which would then need to be fed with specs or have a specific Markowitz optimizer as a strategy object for example. + +Doesn't that mean you would need to recompile your whole engine every time you design a new type (!) of strategy? In Python that is not necessary of course different but in C++ for example? + + +EDIT: Thank you for your answers so far 😊 +Here is a quick link on how counterfeiting shares work. (http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) + +Here is a link showing this happened in 2008 to Fanny and Fray. +https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf + +Here is a link about 2 r/wsb users who confirmed and screenshotted a 2600$ and 5000$ sell limit trigger. They had fractional shares. +https://imgur.com/nszA7MY + +https://www.reddit.com/r/wallstreetbets/comments/l7em07/coworker_had_a_limit_executed_of_a_little_over/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +So here is my thesis. Basically. The Hedgefunds have diluted the market with illegal “failure to deliver” shares. They have millions of naked shorts. + +What happened to Fanny and Fray in 2008 was that dilluting it allowed them to short sell f&f. + +One guy suggested that its possible that they crashed the market intentionally to cover for the fake shares. They got away with it too. + +https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +That guy^ did a good explanation. Basically he showed that the failure to deliver shares were through the roof. It could be happening with GME rn. + +Here is the failure to deliver data on GME + +https://www.sec.gov/data/foiadocsfailsdatahtm + + +Basically. My thesis is that there are millions of illegal, counterfeit shares out there. This needs to be looked into. I do not have the brains not the know how to look further into it. +I have just been speaking with a colleague after work, and we started talking about buying a plot of land and letting people park on it. + +There doesn’t seem to be a massive overhead, just an ANPR camera and a pay and display machine? And you can get a plot of land for £15k up north. + +What have we missed? +&#x200B; + +[ASX\_Bets Dog Race](https://preview.redd.it/af3rmxnolvx91.png?width=1600&format=png&auto=webp&s=4f2631fbe03ef12746b9e5337beb2209c3f60f6f) + +Alright cunts, we've had our first full week of racing - and I've been busier than I expected (Fucking job - you cunts were supposed to send IVZ to like... $2). + +Did we all have a green Friday? Let's hope the dogs didn't get a sniff of that.So, let's just dive straight in shall we? + +# The Losers + +Below are the losers for the week, in order of shittiness. Everyone here ended the week greener than it started. You have been removed from the game, though you will continue to be recorded for potential other wins. + +First of all, 2 of us lost bad. Real bad. Special note because these "Dogs" almost bagged this week. So who are the dumb cunts who don't understand the game? + +**Worst 3** + +* In 3rd last place, with a **gain** of +25.00% we have u/Best_Welder_1119 with his dog, **DUN**. Looks like they got fuck just today, with a +23.29% climb just today. Ouch. +* In 2nd last place, and far from 3rd, with a **gain of +80.95%,** we have all week loser u/Mathieu595 with **CBR**. Holy shit cunt, you almost bagged. Looks like you would have been our biggest loser if you didn't enter Trade Halt. +* And our number one loser, and ultimate dipshit who can't read the rules of them game... Me? u/FameLuck with a **+88.24% gain** on his dog stock **NUH.** Fuck all ya'll 😰 + +and the rest... + +4) **RMX** **+22.22% -** u/megadrive65 +5) **RBL +16.00% -** u/Outside_Arrival_8897 +6) **NRZ +15.00% -** u/Jaded-Original-1507 +7) **ILA +12.50% -** u/WeatherOutside +8) **PPL +12.12% -** u/kshi451 +9)**NVA +11.43% -** u/DontDoTheDo +10) **NIC +11.43% -** u/raindog_ +11) **HT8 +10.53% -** u/jesustityfkingchrist +12) **DOU +10.53% -** u/zupahorse +13) **ROG +10.00% -** u/unbannable +*14)* ***MCL +10.00% -*** u/SolitaryBee +15) ***SPT +8.33% -*** u/The_Tempestuous_Man +1*6)* ***FGR +8.33% -*** u/Sheps11 +17) ***SRZ +8.33% -*** u/Sid_Arthur +18) ***ZIP (lol) +8.20% -*** u/Crackersnuf +19) ***HXG +7.69% -*** u/Wheresthecheesemoved +*20)* ***FMG +7.52% -*** u/ChZakalwe *(Didn't even loose well. smh)* +*21)* ***CTT +6.29% -*** u/danielbee94 +22) ***PEN +5.88% -*** u/Kurtastr0phe +23) ***BEX +5.88% -*** u/placeinyellowbin +24) ***VAE +5.44% -*** u/allozzieadventures +25) ***LMG +5.33% -*** u/Almighti3 +26) ***FIJ +5.26% -*** u/Placeoid +27) ***CGC +5.26% -*** u/A_Anderson151 +28) ***MPR +5.00% -*** u/doobmie +29) ***HIO +5.00% -*** u/Starchivoress +30) ***AMS +5.00% -*** u/cyclemk +31) ***HVY +4.55% -*** u/Randy_K_Diamond +32) ***ECS +4.55% -*** u/TrojanWabbit +33) ***CAN +4.35% -*** u/cw158 +34) ***LIT +4.17% -*** u/ineptis_mecha_cuzzie +35) ***FBU +3.99% -*** u/YouHeardTheMonkey +36) ***EXR +3.57% -*** u/Slaebe +37) ***DGL +3.29% -*** u/throw23w55443h +38) ***A2M +3.24% -*** u/Calm_Lengths +39) ***LLL +3.23% -*** u/cheeky-chesseburger +*40)* ***PBH +3.05% -*** u/timbot1988 +41) ***EOS +2.88% -*** u/PM_me_ur_bingo_nos +42) ***ADN +2.56% -*** u/Daihatsu_Charade +43) ***WMC +2.50% -*** u/Over-Broccoli-5133 +44) ***ERA +2.50% -*** u/Odd-Alternative-4241 +45) ***ANP +2.38% -*** u/username-taken82 *(damn, wanted to see you banned)* +46) ***CCX +2.34% -*** u/GeoSciFi +47) ***CDA +2.07% -*** u/MooCowLevel +48) ***MYX +1.79% -*** u/bruzinho12 +49) ***CEL +1.67% -*** u/Floor_Plan +50) **MPL +1.08% -** u/BZ852 +51) **MP1 +0.51% -** u/AltruisticCurtains + +Fuck me that was some effort. So 51 of you have lost today, and 106 remain. + +**29** dogs didn't move at all. Are any of them dead? Remember, dead Dogs don't race. Dog's that haven't moved all week (Trade halt exceptions apply for one week, unless they were in Halt prior to commencing and I didn't notice.)... + +**3 are dead**52) **SP1** u/gefickte **-** You're dog actually died this weel. RIP.53) **PHL** u/ken_oath_cunce **-** Not gonna lie, can't tell if this is just illiquid or dead.54) **NCL** u/NotAnAsicSpy \- Woof, now this is a dog. But seemingly dead. + +A couple of you need to come out of TH next week to stay in the game. + +u/mcfucking \- Pickled with your pick. Can't decide if it's 'moving' when people buy at 001 or not, since it's bidding price is 0. But people are selling it at 001. Thats a hell of a dog to me. + +Annnnndddd the good boys. I'm not listing all of you, you can check the spreadsheet if you need (assuming I attach the link). + +**Top 10 doggies by percentage loss.** + +1. u/*MUKLUK* holds his -50% top spot with **T3D's** single pip. +2. u/ImAsquirrel77 with a great -35.29% on **CLZ** +3. u/mison82 with -25.00% on **DW8** \- Dw8 a dog? Go figure... +4. u/rea_ with -24.17% with **BPM** +5. u/steaming_ham \-23.33% on **IVZ.** Fuck you 🕊️ +6. u/BlanketStatment_2_0 \-20.00% with **SBR** +7. u/Nevelo with -19.57% on **MYE** +8. u/The_Frag_Man \-16.57% with **IBG** +9. u/Damn369 got -15.38% with **G88** +10. u/ViewInternational465 \-15.15% with **BLU** + +[Here's a picture to the remaining people in green](https://ibb.co/gtxLPH9). Everything who ended grey i forgot to add you. Suck it up. + +I might make a new image for next week, and use the **top 3 losers/winner's** in the art. Hope your profile picks aren't fucked. + +And that's the rundown. Congratulations on everyone who proceeds to next week.**Note a new week is a new start point. The close value today is what needs to be beaten next week.** Your starting value will be kept for other stats. + +Can't believe I lost my game. I blame u/ChZakalwe. + +Edit. Fucking formatting +Let's say your holdings made 100x in a night, would it be a life changing gain for you? If it would, what would you do with that money? + +I would buy a nice house first and then a nice car would be nice. I don't know what would I do with the rest of the money. I have poor financial skills lol. +Obviously total market funds like VTI or VT is king as far as diversified ETFs go, but do you own any future oriented (looking 5-20 years down the line) ETF investment in particular sectors? + +My watchlist: + +* BLOK (Blockchain) +* BETZ (Sports Betting) +* LIT (EV Battery) +* QCLN (Clean Energy N. America / Asia focused) +* ICLN (Clean Energy N. America / Europe focused) +* IHAK (Cyber Security) +* TAN (Solar) +* SMH (Semiconductor) +* THCX (Cannabis) +* VGT (infotech) +* ARKF (Fintech) +* ARKG (Genomic) +* ARKQ (Autonomous Robotics) +Obviously total market funds like VTI or VT is king as far as diversified ETFs go, but do you own any future oriented (looking 5-20 years down the line) ETF investment in particular sectors? + +My watchlist: + +* BLOK (Blockchain) +* BETZ (Sports Betting) +* LIT (EV Battery) +* QCLN (Clean Energy N. America / Asia focused) +* ICLN (Clean Energy N. America / Europe focused) +* IHAK (Cyber Security) +* TAN (Solar) +* SMH (Semiconductor) +* THCX (Cannabis) +* VGT (infotech) +* ARKF (Fintech) +* ARKG (Genomic) +* ARKQ (Autonomous Robotics) +Popular theory here always says the best time to buy was yesterday and the next best time is today. People also say the market will just keep moving up for the rest of our lives, obviously with downs in between. + +So if you could stomach the chaos of a 3x, why don't more people just go all in or majority in on these ETFs if everyone seems so sure the market will keep going on until retirement. + +According to Portfolio Visualizer. If you put in $1500 in SOXL in 2017, you have $17k roughly right now, compared to $2800 VT. + +I won't pretend to be some professional on knowing how 3x ETFs work and if I'm missing something or way off, I want to learn. + +What's the deal here? +Hey all. I’m new to ETF investing. I’m wondering if you try to time your buys with ETFs much or are you not as concerned due to the length you’re planning on holding your positions for? +Is it too risky if I wish to invest in VOO and hold it for at least 15-20 years without any change of strategies? I am a big believer in passive index investment. What would be a better strategy that is relevant to my age? +Greetings, I’m currently 22 and I’m planning on saving up 100k€ before turning 31 and putting them into etfs, to hopefully retire until turning 60. I already bought a couple of core msci world LU1781541179 just to dip my toes in. I originally planned to follow the 70/30 strategy by also buying an msci emerging market etf. But looking them up, I found out that most of them heavily consist of Chinese stocks and I really don’t like the thought of helping to finance this countries economy. Am I just to picky, or are there also others that are concerned doing it? I also found an EM ex China etf, so theoretically it would be easily possible to build a world portfolio without China. +Just to clarify, I am specifically referring to the KARS, KRBN, ICLN, and QCLN ETFs. These cover everything from electric vehicle manufacturing companies, to carbon credits, to the production of renewable energy. + +I have a feeling that in the future we will look back at these kind of clean energy assets, and think it was obvious that their value would rocket as clean energy became a more prominent sector of the world economy - much like how we look back at tech in the 1980s, for example. + +I could be very wrong, or I might be looking at the wrong assets to invest in. Thoughts? +My boyfriend and I are planning a trip in January 2023 and have set a challenge to each other for maximizing growth on $1000 USD. I have been debating between several options of what to do: + + +1. Crypto (BTC) - unstable in the short run, potentially a good growth to cash out end of the year +2. ETF (VOO) - stable +3. Stocks (MSFT, APPL, BRK B) - The world is opening back up and I'm weary of a market crash popping the inflated stock market bubble +4. A friend has recommended the game Upland, but I have no experience in it + +Does fellow redditors have other advice or suggestions? +I’ve come across several re-iterated “optimized” versions of HFEA and from what I could find, it seems that composer.trade version (HFEA refined) is outperforming the conventional HFEA in the current market. Is anyone on here using the platform? + + +https://preview.redd.it/rqnv0ft96em81.png?width=2012&format=png&auto=webp&s=ffc5fad60fb27187b2367fbea4e5b15010488cb1 +[Article](https://www.businesswire.com/news/home/20220516005312/en/GameStop-Appoints-New-Chief-Operating-Officer) + +May 16, 2022 07:00 AM Eastern Daylight Time + +GRAPEVINE, Texas--(BUSINESS WIRE)--GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced it has appointed Nir Patel to the role of Chief Operating Officer, effective May 31, 2022. Most recently, he was Chief Executive Officer at Belk, a privately-owned national retailer with more than 300 stores across 16 states. He previously held senior roles at Kohl's and Lands’ End after beginning his career at Target and Gap. He has approximately two decades of experience in operations, merchandising, supply chain, and retail and store operations. +Last week I took a short holiday to Melbourne, and every restaurant I went to presented the option with giving a tip when I went to pay the bill. + +Is tipping at nice restaurants a thing now? +I've asked a similar question on [**r/financialindependence**](https://www.reddit.com/r/financialindependence/) but wanna hear your opinion as well. + +I've read "Millionaire Next Door". I agree and apply the principles in the book and I've already seen massive results from doing that. + +I'd like to broaden my perspective and read a book that has a very different point of view and that you've found incredibly valuable in your journey. + +What's that book for you? +There are roughly 500,000 members of this sub.. +If each member held 100 shares .. that’s the entire float. + +That simple math just blew my freaking mind.. and I’m sorry. +I don’t own 100 I only own xx +But I will be fixing that Monday morning. +How on gods green earth can a sub strictly dedicated to one stock have 500k diamond handed members on a stock with a float of 50 million and that stock still trade millions of shares a day for less than $10,000 a share? + +I’m apologizing because I over complicated my thought process on this investment and it clouded my judgement. + +But as I sit here, for some reason a freaking light bulb went off as I looked at the members of this sub alone.. that’s not counting any other subs.. +but just on these numbers alone.. + +500,000 x 100 = WTF? +I know all of you don’t own 100 ( like me) but I also know some of you hold thousands… so…. + +I also know there is extensive DD covering this but like I said, I got lost before in the tinfoil hat and the over thinking it. + +For me, at this moment it was simple math that convinced me to yolo. + +See you guys Monday morning on the battle field!! And thanks for staying with this despite the media and other apes constantly trying to make it look like this is dead and over and you guys just haven’t figured it out yet… + +Seriously, my mind is blown right now. +And I will be drastically increasing my position Monday morning. +I’m not deliberately trying to fear monger here, I’m trying to understand a couple of things because I’m genuinely confused and concerned. + +First, and a little tangential to RE, why is there so much hate for capitalism these days? It’s so misdirected, but no matter how much I try to explain to peers that the way we are implementing capitalism (if you can call it that at this point) is the real problem. Not capitalism itself. + +Second, what are the repercussions to the mostly small time land lords and investors of this sub as a result of the growing anti re investor and anti landlord sentiments? I’m at the very tail end of the millennial generation and it seems there’s a huge (and growing) portion of people my age and younger who are harboring these resentments. I got banned from a sub for making a single comment supporting re investors. My concern is that all of these people who have it out for the “rich investors” will someday have children who share and maybe even amplify these views. It seems this could voluntarily throw us back into serfdom? That’s hopefully an exaggeration, but I’d be very hesitant to tell someone my age or younger that I’m an investor in real estate, for fear that they would walk me to the gallows. + +I guess to ask a specific question, how can we advocate for real estate investors? Both publicly/legislatively and interpersonally when discussing with people who see it as a societal negative/evil +Disclaimer : I'm all-in on GME. More than you can imagine. I'm also all-in on LRC. All my crypto holdings are currently on LRC. Not sold one LRC since 3 weeks, one GME since 10 months. + +We know for sure that GME is going to launch an NFT platform. It means crypto. The leak is pretty obvious, and the links are pretty obvious. But that's still speculation. I agree. + +So why are you guys fighting as if talking about LRC was the pest ? That crypto was the pest ? When it's ACTUALLY linked to our beloved GME ? + +Why are people getting downvoted to hell when they mention crypto or LRC ? + +I can understand the point : "because it's not confirmed, and because it's a strict GME sub". + +Alright, then. That's a fair point. I highly respect that. + +But then, you guys need to follow that advice and apply it. Because why it's not getting downvoted as hell, when people are talking about : + +\- RRP ? + +\- Evergrande and Chinese debts ? + +\- Inflation ? + +\- Lights on banks at night ? + +\- Banks having loans issues ? + +\- Corruption from political figures ? + +\- Burry tweets ? + +And I think the list is long and I'm forgetting things... + +Personally, I don't mind all those things, I think it does give more data/insight on the overall state of economy/corruption in the world. + +But then if everything else is allowed, why LRC -- where speculation and leaks give us a direct link with GME -- is such a taboo in here ? I think it's getting downvoted as hell by paid-shills... because it could be the additional gun-powder. + +&#x200B; + +EDIT for the smart comments : + +I am all-in on fiat (cash) on GME. + +I am all-in on crypto on LRC. I can't and won't sold my crypto to fiat because of taxes. +Hi r/investing, I'm here to talk about something a little different - the role and faithfulness of fiduciaries in handling the investment accounts of your investing-ignorant family members. Warning in advance: this is long, breaking down the portfolio, the fees, and diving into where the adviser truly makes their money. + +We all have a family member (or 5) that, while being intelligent in their own right, simply have never had an inclination to understand investing, both in the mechanics of it or the strategies behind it. As a result, they outsource this role to a financial adviser. They will trade off a fee for peace of mind; something that's a very reasonable and sensible decision. They put their trust in this adviser implicitly. After all, they've earned the title "fiduciary," and thus legally cannot make decision that aren't in the best interest of their client, right? Well, recently my parents asked me to review their portfolio. This was not in an intent to pull them away from Edward Jones, nor their financial adviser; It was an exercise to see where they stood and have an honest light shone on something that they didn't really understand. + +Please note that this took place in February, prior to the volatility caused by COVID-19. + +**Portfolio Breakdown** + +* Total Account Balance: $1,270,000 +* Investments: 42 Mutual Funds / ETFs. Many of them are duplicated over the multiple accounts within the portfolio. +* 64% Stock, 36% Bond +* Compound Average Return (5 year): 6.34% +* Compound Average Dividend Yield (5-year): 2.57% +* Compound Average Total Return (5-year): 8.91% (Stock: 10.2%, Bond: 6.5%) + +Stock Breakdown: + +* 76% Domestic +* 15% Foreign +* 9% in blended funds + +[Morningstar square breakdown for all investments](https://i.imgur.com/iXptWCx.png). + +[Foreign/Domestic Morningstar square breakdowns](https://i.imgur.com/jv79vJc.png). + +**Fees Breakdown** + +Fees come from two sources: Fees to Fund Manager and Fees to Portfolio Managers. Fund managers make their money through two main avenues: Expense Ratios and Load Fees. Portfolio Managers, such as the Edward Jones Investment Adviser, often make their money by taking a percentage of the value of the managed assets (similar to an expense ratio). + +Now, when presented with similar investment vehicles, you always act to minimize fees. You'd never pay a load fee if you don't have to. However, this portfolio has many funds both stock and bond, [that have significant load fees](https://i.imgur.com/Ek1Kcza.png). A bond fund with a 4.5% load fee? Even if you said that a bond fund would overperform in the long run by 0.5% (it won't), that'd take NINE YEARS to get back to even with that load fee. Why in the world would you EVER enter that? To answer that question, we need to dig into how EJ makes its money. + +Edward Jones charges 1.25% of the total value of all "Advisory Solutions" accounts. I will note that my parents had 7 accounts with EJ, and 2 of them were Advisory Solutions accounts. The remaining were Traditional IRAs, ROTH IRAs, and Individual Investing accounts. Regardless, all of them were controlled by the Adviser. [ They also have profit sharing set up with many companies](https://i.imgur.com/sZUu9oI.png). The ones highlight in black were their big revenue sources. Profit sharing accounted for 22% of their net revenue in 2018. Finally, they have shareholder accounting /networking payments set up with practically every firm. This accounted for 5% of their net revenue in 2018. + +The table below highlights the holdings of the account cross referenced with the way that EJ makes its money. Orange is an EJ owned asset, such as their Bridge Builder funds (which are great funds, honestly), so they make money directly off of the expense ratio. Light Orange are funds that are with companies that have a profit sharing agreement with Edward Jones. Light Yellow are funds where EJ receives a small kickback for shareholder accounting / network payments. Finally, White are funds that do not profit Edward Jones. + +[Where Edward Jones is making its money](https://i.imgur.com/NaeCVj7.png). + +What's important to note here is that **94% of the dollar value of the accounts is used to profit Edward Jones.** The financial adviser, despite being a fiduciary, chose to invest my parents' money into vehicles which profited Edward Jones. + +"But wait, why would he invest in high fee funds when he makes a percentage of the account's value?" Great question! Remember how I said that only 2 of the funds were Advisory Solutions funds? It just so happened that, in both of those, there was not a single fund with a load fee. They were all in the Bridge Builder funds - yes, they're EJ owned, but no load fee, low expense ratio, overall good funds. This isn't random; this conveys the fact that the adviser knew that structuring the portfolios this way would yield the best return for his company. It was not acting in the best interest of his client, which is a required duty of a fiduciary, but rather in the best interest of the company. + +Per the SEC on direction to fiduciaries: "As an investment adviser, you are a “fiduciary” to your advisory clients. This means that you have a fundamental obligation to act in the best interests of your clients and to provide investment advice in your clients’ best interests. +... You must eliminate, or at least disclose, all conflicts of interest that might incline you — consciously or unconsciously — to render advice that is not disinterested. If you do not avoid a conflict of interest that could impact the impartiality of your advice, you must make full and frank disclosure of the conflict." A conflict of interest, in this case, is when the adviser profits more if a client uses one investment instead of another. + +Further: "Departure from this fiduciary standard may constitute “fraud” upon your clients (under Section 206 of the Advisers Act)." + +It's hard to paint what happened here as anything other than fraud. It was happening in plain view, taking advantage of those who trusted others. I suspect that many, if you begin digging, will find similar results. + +**Final Thoughts** + +While all of the above may sound like a condemnation of EJ and their adviser, it is not. Yes, I'll condemn them for taking advantage of my parents, but, at the same time, they did create a portfolio designed to achieve the aligned goals of my parents. As I explained to them, they did that by accepting increased risk without even knowing it. We all know of the adage "Your portfolio stock % should be 100-age." At 70 years old, my folks should have been 30% stock, 70% bond as a baseline. Instead, they were 64% stock, 36% bond. Are fees alone enough to swing that? No, not at this point due to their level of capital and retirement goals. But by removing the fees, I was able to get it to 51% stock, 49% bond. If this analysis had been done earlier + +TL;DR - Just because an adviser is a fiduciary does not mean that they will not try to take advantage of you or your loved ones. Make sure you ask questions and do your own due diligence. +Bit of an odd topic for this subreddit but still curious about this in the context of building wealth. + +As you may know in lots of EU and Scandinavian nations, childcare is heavily subsidised by the state, but it doesn’t seem to be the case in the U.K. + +Does anyone here have a breakdown of what, on average, you can expect your costs to be if you’re raising a child for the first five years of its life? Curious to know both London and non London averages if possible. + +Basically, can you still build wealth, save money for the child’s university education AND prices them with relatively good quality care, clothing etc without having a £100,000 + salary? +Gentlemen, it's with great pleasure to inform you that Ethereum is only **$337** away from **$5K.** We're currently at $4,663. So, + +# Hold on tight. We have almost reached the destination!! 🚀🌕 +Can’t help but to notice the extreme anti-NFT extremists coming out of the woodwork over the last few days (particularly since the GameStop NFT drop a few days ago). One fool I was interacting with (on an unrelated sub) sounded so suspiciously anti-NFT that I clicked through to their profile and there was the eureka moment; I saw their history of shilling on gme_meltdown + +Riddle me this, apes. Are hedgies and stooges getting so desperate that they are trying to destroy/de-legitimize an entire emerging industry (NFTs)? If so, good luck LOL. + +Been involved with GME since Halloween 2020 and—now—I’m more bullish than ever. + +None of this is financial advice. I’m a dumb ape with keyboard. + +🦍 🍌 +I've been seeing some posts on this subreddit and others of parents feeling guilty that they cannot afford to buy gifts for their children. + +It reminds me of one Christmas when I was 11. My dad, unfortunately, had ongoing mental health struggles and had a breakdown that led to him having to quit his job and go on disability. We had to move in with our grandparents because we couldn't afford a place to stay. My dad told my two siblings and I that unfortunately we just couldn't do Christmas presents this year. + +And...it was fine. There was one large gift that my grandparents said was from them to their dog (her name was Lady). My siblings and I were super pumped to unwrap this gift on Christmas morning and present it to Lady. + +Turns out, it wasn't a gift for the dog. My dad's co-workers from his recent job had gotten together and pitched in to buy us a PS2, which was the "new" gaming console at the time. What a surprise it was when we unwrapped that! + +After that there were other Christmases where my dad couldn't afford gifts, and yet it still managed to be a magical time of the year. + +Looking back, I don't remember most of the Christmas gifts I'd gotten as a kid. But I remember time spent together. I remember my dad shoveling snow to create a big hill for us to slide down. Spending time with family members, watching A Christmas Story (a yearly tradition). + +If any parents reading this feel guilty for not being able to buy Christmas gifts for their loved ones, it'll be OK. You have not failed in any way. I know it sounds cheesy but it really is the gift of time spent together that has a lasting impact, and that's what your children will remember. +A squeeze can't be avoided, if we all keep patient and just hold our stocks, buying makes it more terrible for the HF. + +There is a high chance that we will see multiple squeezes until a mega squeeze if we just hold. + +Let me explain. There are naked shorts, this is not allowed by law. But you have 13 days to cure the situation. Means, in 13 days you have to borrow the stock from someone. + +During the last days other HF joined the party and shorted the stock as well. This is what we have seen the last days. The stocks got down. + +I'm really really proud of you my lovely retard apes. The majority of you hold the stock. That what we have seen Friday was a first panic of the HF's closing positions to start lowering the risk. + +The HF have to pay each price after that 13 days to close their position. No possibility to avoid, it is set by law. + +There are way too many naked shorts on the market. The HF will try to bring the price down each day until that 13 days are over. + +The price that we are seeing when it goes down is artificial, this we are seeing by the very low volumes. + +It does not matter what the price of the stock is, after this 13 days, they have to pay each, really each price that is available on the market. 1-2 weeks I expect a smaller squeeze which shall show you it's over. + +[Please read this post here,](https://www.reddit.com/r/wallstreetbets/comments/le6v6v/the_interstellar_yoyo/?utm_medium=android_app&utm_source=share) it is explained there very well. + +For me it seems that it can happen. + +We hold...hold....no matter what the price is on the market...hold...hold...and we get each price what we want for our stocks until the ones with the shorts have no money to pay us out. + +Sounds like a joke or not? Read the above link, think about it. + +Than. Hold. Just hold. + +Believe in all the other apes there outside that they will hold as well. + +Believe in us apes and we will change our lives forever. + +I know, it sounds like a joke + +I know, this is the first and maybe only time it can happen. Such a one time chance. + +Do you believe in me? I believe in you. I hold. + +. +. +. + + + +Edit (important links): + +https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/?utm_medium=android_app&utm_source=share + +Must read post: https://www.reddit.com/r/GME/comments/lkn45r/three_links_in_this_post_extremly_important_info/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/GME/comments/ll1qb8/list_of_etfs_that_hold_gme_shares_and/ + +Must see video: https://youtu.be/zbivjqpJGLo + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lkwfgf/more_data_on_the_hedgies_bloodletting_thanks_to/ + +https://www.reddit.com/r/wallstreetbets/comments/le6v6v/the_interstellar_yoyo/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/wallstreetbets/comments/ledjwa/how_there_is_no_mathematical_way_shorts_were/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/wallstreetbets/comments/lew1td/you_need_to_read_this_its_not_over_best_dd/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/wallstreetbets/comments/lef1aq/the_anatomy_of_a_coming_disaster/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/Wallstreetbetsnew/comments/leownx/gme_and_melvin_are_tools_for_trillion_dollar/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/GME/comments/lf7rg6/2_billion_dollars_every_25_days_even_if_they/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +https://www.reddit.com/r/wallstreetbets/comments/lgb0h7/tonights_si_report/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lgkryd/gme_si_update/ + +https://www.reddit.com/r/DeepFuckingValue/comments/lgmn1y/this_has_been_deleted_from_other_subs_but_im/ + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lgld92/7846_what_it_tells_us_about_gme/ + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lgpch1/naked_shorting_in_gme_and_how_the_pieces_suddenly/ + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lgpim2/shorts_have_not_covered_and_i_have_proof_please/ + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lhkyyn/gme_138_short_interest_and_193_shares_on_the/ + +https://youtu.be/FV_TfD_nupw +I'm going on the 'official record' to explain my personal decision. I will be sacrificing my house, my car, and my coming kid's current college savings. I am doing this for my family's future. I am 100% confident that I will be upgrading my home to a mansion, and my family vehicle to an SUV: Lamborghini Urus. + +The real MOASS WILL occur: + +95% confidence interval: 31JAN2022-25FEB2022 + +99% confidence interval: 24JAN2022 - 04MAR2022 + + +Evidence supporting my MOASS Timeline: + +1. Obvious danger in the short term (GameStop continues to be shorted to death, as we are now at a 10-month low; there are no indicators to suggest hedge funds will let up until it's financially practical for them to do so. They clearly have created a model, and a plan, to soon 'undo' their net short position. Key word: 'net') + +2. Similar to the final dip prior to the Volkswagen rip - there was a similar, last-chance, egregious 'overborrow' period. This occurs when hedge funds realize that what is happening is inevitable: they then *overborrow* (which at a low rate and in a high inflationary environment, has worked wonders for them) and *overshort* (this not only improves their cost basis prior to the switch, but it allows them to have more control over the *timing* of the relatively instantaneous switch of their position from net short to net long) + +3. We are also close to the economic limit (perhaps $80-$100 range) where the new, natural demand would far exceed even any forged oversupply. This too is well-timed with a falling general stock market, increases of VIX and VVIX, market-wide increases in VaR (value-at-risk) and volatility coefficients in the NSCC risk management algorithm, which elevate collateral deposit requirements. This also plays into previous talks about the benefit of GME's negative beta during this coming scenario. + +4. 21JAN2021 (friday) long term put expiry (hundreds of thousands of puts no longer available to balance their books. They too are aware of this) + +5. Q1, 2022 Depository (SLD) Requirement + +6. Verification and validation of cyclical quarterly SLD impact to GME's price (and volume), implying similarly-outsized green candles to occur on or around 08FEB2022 and continuing thereafter + +7. Evidence that, since GameStop's IPO, we have now hit a record number of red weeks in a row, serving as a statistical outlier, and therefore into oversold territory + +8. The vast majority of technical indicators are beginning to indicate 'oversold'. Further, GameStop is now sufficiently cheaper than even 'official' analyst price targets. + +9. The 27-year old Truck Driver legal case (through FINRA), in which it was proven in federal court that the disabled-BUY-button by Robinhood (which, in collusion with Citadel, avoided Melvin's bankruptcy) on 28JAN2021 forced him into a $30,000 loss. Now he'll be paid back by Robinhood. This has already enabled a $3 Billion or so avalanche of federal litigation (class action) of retail against Robinhood and other brokerages via this avenue. This supports a new likelihood (higher likelihood than not) that BUY buttons will NOT be disabled going forward. This gives a full green light to allow the natural, and necessary, MOASS to occur. + +10. The preponderance of the evidence proves that hedge funds have not closed their short positions, and have in 2021 until now, relied on the creation of several retail/meme ETFs. They were designed quite literally to be overshorted an order of magnitude beyond the ETF shares outstanding. This too evidences that - when this sum of ETF shorts (and conservatively figuring for GME alone in those baskets) combined with the disclosed ORTEX short data, combined with Swaps / Brazil, combined with yet-to-be-discovered short interest, and considering our margin of error - GameStop is currently overshorted an order of magnitude above its outstanding shares. + +11. Whales (probably Melvin and co) have already begun to offset (hedge) their coming buy-ins (closing of the majority of their shorts) by buying OTM calls, as evidence from the options chain shows. They will continue to crash the price this week to mitigate risk, in accordance with their model, by shorting to psychologically target and 'kill' the JAN2021 anniversary, in order to 'dig in' by loading up on outsized, short-term, weekly OTM calls at the bottom (GME likely therefore will be held flat from Thursday 24-28JAN2022). Summarizing, they are getting 'revenge' from last year by making the anniversary a valley rather than a peak. Yet, by doing this, they are knowingly forcing themselves to start to buy-to-cover (and for their own survival) the following week. They, themselves, need those OTM calls at that point in order to survive their controlled-inversion from a net short to a net long position, which is what will henceforth be known as the historic MOASS. + +Now and forever, this is not finra-certified financial advice + +TLDR; The real MOASS WILL occur: 95% confidence interval: 31JAN2022-25FEB2022. 99% confidence interval: 24JAN2022 - 04MAR2022. Evidence supporting my MOASS timeline is provided in 11 lengthy reasons above. With a kid on the way, this is why I am mortgaging my house and selling my family vehicle, in order to secure my family's future. I will use this inevitable MOASS to upgrade the house into a mansion, and the family vehicle into an SUV: Lamborghini Urus. +Bitcoin has dropped 50% from its ATH + +For me this is an easy buy not necessarily currently but anytime I buy I know that with in time my money will double in the future on any buy below this price. Lots of altcoins out there looking very tempting as well, but one thing I have learned is Id rather have a large portion of my portfolio in BTC when things are on there way down. + +This is a time were you hold solid projects that you truly believe will succeed long term because it will take time for the market to recover. Fill your bags now +Does anyone else here feel like they can’t keep up with the other FIRE minded people here? I’m specifically talking about maxing out tax-advantaged retirement accounts, but this applies elsewhere too. + +For me, our HHI is $130k. We’re mid-20’s, so I feel extremely forturnate to be in this position (considering I grew up with my parents income never combining for more than $70k each year). + +We max our HSA and contribute enough to get the full employer 401k match (roughly 10% our contribution), plus we max both of our Roth IRAs. + +I feel like we underbought on our house (purchased for $250k), and our only other debt is a pickup truck at $550/mo. No student loans or cc’s. + +Every dollar in our budget is accounted for, between Saving, Spending, or Investing. + +It never seems like we will ever get to golden standard here of maxing out all retirement accounts. + +On top of that, we do want to do some home improvement projects of both moderate and considerable size (eg. vinyl privacy fence for $8k, bathroom and master bedroom update for $30k) however I have no idea where the funds will come from, given that we are shoveling every dollar we can into investments to set ourselves up for FIRE at age 45-50. + +Does anyone else feel like they can’t keep up with the savings rates on here? +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. +Story time: My husband and I purchased our first home and day 1 set up auto-pay for the mortgage. We checked on the mortgage account 10 days after and it said "payment posted" on our borrower's portal so we thought it was all good. Then, come the end of the month we went to check our bank account and noticed the money had not been withdrawn. Called the mortgage company and they said the payment actually had not gone through so it was now late. They had not contacted or notified us that the payment had not gone through. + + +After a bit of headache we were able to correct the error. With 1 missed payment on the credit report my FICO went from 800 to 690. I asked if they would remove it from our credit report since, if they had notified us, we would have been able to fix the problem sooner and make the payment on time. They agreed and we just had to fill out a "credit dispute" form which took 5 minutes. Checked this morning and credit score is back up to 812. + + +TLDR; It is worth it to ask if unfair/incorrect information can be removed from your credit score, even if you have to do a little paperwork. +I got a debt consolidation loan!!!!!! I'll go from paying $456 a month to $335.41 a month and pay off $13.5k in 4 years at 8.25% interest. + +4 credit cards consolidated to one loan using my hometown Bank with their unsecured personal loan offer. I had to get a co-signer but man, it feels so nice to drop those huge interest rates. My Amex card alone was something like 24.9% APR. +Hello friends, romans, and apes. I am here to shine the light on the man (company) behinds the scenes, the Wizard behind the curtain. Citadel, Melvin, Suisse, Deutsche bank, Highfields, Archegos; none are more than mini-bosses. When they fall, the final battle is not yet over. For there is one more that remains hidden in the shadows, and prefers to stay that way, for their roots run deep. + +# The Carlyle Group + +Lets start with the most obvious connections. Here is an explanation from ( a website I am not allowed to share on reddit but, go on duckduckgo and search "carlyle fed vice chair", first link.) + +"Private equity funds have been variously called “merchants of debt,” “vultures,” or “corporate raiders.” What a private equity fund typically does is to buy up companies by piling debt on the balance sheet, selling off valuable assets like real estate, extracting giant dividends for the private equity partners to the detriment of workers and customers, and then, frequently, letting the company collapse into bankruptcy while laying off thousands of workers or liquidating the whole company...It should give pause to every American that the two top men at the Federal Reserve who are implementing a new $4.54 *trillion* bailout fund for Wall Street, using $454 billion from taxpayers to absorb the losses, both got rich working for one of the world’s largest such private equity firms: the Carlyle Group." + +I am talking about Jerome Powell and Fed Vice Chairman for Supervision Randal Quarles Randal Quarles. However it is duly noted that the current, and several other leaders at Carlyle are engaging in this behavior. + +# What behavior? What do they DO? + +"Carlyle had handled its investment in a chain of nursing homes known as HCR ManorCare, which filed for bankruptcy in March of 2018. The authors wrote that there was a 29 percent rise in serious health code violations at HCR ManorCare in the years before the bankruptcy and following a 2011 financial deal that “extracted $1.3 billion from the company” for Carlyle investors while saddling the nursing home chain with debt. " + +Sounds bad, sure. I implore you to google HCR manor care and carlyle and read the horrific situation that unfolded. Its not just about bankrupting companies and losing jobs. + +Heres a story of marketing firm for grocery, Acosta being acquired by carlyle, then hammered by terrible debt acquisitions until it was forced into Bankrupcy. [https://www.forbes.com/sites/nathanvardi/2020/03/04/carlyle-groups-14-billion-folly-inside-the-biggest-buyout-loss-in-washington-dc-firms-33-year-history/?sh=6eaaea9125b4](https://www.forbes.com/sites/nathanvardi/2020/03/04/carlyle-groups-14-billion-folly-inside-the-biggest-buyout-loss-in-washington-dc-firms-33-year-history/?sh=6eaaea9125b4). All while Warren Buffet and his 'favorite' investment firm 3g capital hammered its biggest clients Heinz and Kraft. An attack on all sides, internal and external. + +According to his official bio, **Fed Chairman Jerome Powell** was a partner at the Carlyle Group from 1997 to 2005. and, **Carlyle group at one point bought our favorite movie chain with Bain capital** [https://www.carlyle.com/media-room/news-release-archive/loews-cineplex-entertainment-announces-close-acquisition-bain](https://www.carlyle.com/media-room/news-release-archive/loews-cineplex-entertainment-announces-close-acquisition-bain), ,,,,,[https://www.sec.gov/Archives/edgar/data/1303276/000110465905029034/a05-11153\_1ex99d1.htm](https://www.sec.gov/Archives/edgar/data/1303276/000110465905029034/a05-11153_1ex99d1.htm) + +&#x200B; + +So, does Carlyle have any connection to GME now? Directly- no. however, as in my previous DD Ragnarok, we look to the competition... + +**Carlyle acquires Jagex, developer of Runescape.** [https://www.gamesindustry.biz/articles/2021-02-04-it-was-never-about-spending-power-what-carlyle-acquisition-really-means-for-jagex](https://www.gamesindustry.biz/articles/2021-02-04-it-was-never-about-spending-power-what-carlyle-acquisition-really-means-for-jagex) + +"I don't think this is a short-term thing. There has been a re-examination of different industries and where to invest, and the pandemic has shown not just a surge in player time, but has also made people fundamentally reevaluate where they want to invest and what the more mature and resilient industries are. Games are relevant, respected, and looked at in a more mature way than we've ever had, and I think that's a permanent change. It's a level of recognition we've burst through and it's a really good thing for the long-term of the whole industry..... But more importantly the studio is exploring ways to reach new and lapsed audiences. Mobile is one, as mentioned, but the game also made its debut on Steam last year, with Old School due to debut later this month. And Mansell teases that the long-running MMO is heading to more marketplaces, new countries and territories -- and hints at console ports." + +What would a direct competition be against gamestop, a brick and mortar retail business? *Mobile gaming of course.* Earlier this year, Carlyle acquired several companies. Ones of them is disguise. [https://www.marketscreener.com/quote/stock/THE-CARLYLE-GROUP-INC-10531255/news/Carlyle-nbsp-acquires-disguise-32629204/](https://www.marketscreener.com/quote/stock/THE-CARLYLE-GROUP-INC-10531255/news/Carlyle-nbsp-acquires-disguise-32629204/),,,,,, [https://www.disguise.one/en/xr/](https://www.disguise.one/en/xr/). Note, they went in on this deal with EPIC games [https://www.installation-international.com/technology/immersive-tech/epic-games-and-carlyle-group-invest-in-disguise](https://www.installation-international.com/technology/immersive-tech/epic-games-and-carlyle-group-invest-in-disguise). Recently, they broadcast their first esports competition. [https://www.avinteractive.com/news/video/disguise-gx-range-xr-workflows-turn-omen-challenge-esports-tournament-immersive-experience-04-02-2020/](https://www.avinteractive.com/news/video/disguise-gx-range-xr-workflows-turn-omen-challenge-esports-tournament-immersive-experience-04-02-2020/) + +"disguise is a leading technology platform which enables creative and technical professionals to imagine, create and deliver spectacular live visual experiences. disguise specializes in combining real-time 3D visualisation-based software with high performance hardware. The company is one of the main providers of xR and virtual production technology to major entertainment providers, film & TV studios, broadcasters, corporates, and fixed installation companies globally. + +Disguise's technology has been instrumental in spearheading immersive content delivery for key projects like the 2020 MTV Video Music Awards and Eurosport's US Open coverage, live performances from artists like Billie Eilish and Katy Perry, in-game concerts like J.Balvin in Fortnite, corporate presentations from Siemens and SAP, and on-set virtual production from notable VFX studios like Framestore and Orca Studios. Since June 2020, over 150 disguise xR stages have been built in more than 35 countries and disguise xR has powered over 200 shows." + +**This is a company that can recreate the way we film, game, and consume media. They want to redefine mobile gaming, concerts, sports, news, television and movies. Hmm... which two companies have been elevated to "meme stock" status over the past year? What do they primarily do? gaming and movies.** + +&#x200B; + +Connections between Citadel and Carlyle + +Well gollytheres some juicy ones here. Not too many, uh business-y ones but some great interpersonal ones. Seems like Ken Griffin here is buddy-buddy with Carlyle former CEO David Rubenstein. Ken has donated his art collection to his exhibits and had been featured on Rubenstein's Youtube channel several times. ugh god the bromance. [https://www.citadel.com/news/ken-griffin-david-rubenstein-peer-peer-conversation/](https://www.citadel.com/news/ken-griffin-david-rubenstein-peer-peer-conversation/),,,,,[https://news.uchicago.edu/story/university-trustee-kenneth-griffin-loan-renowned-art-collection-exhibit-david-rubenstein](https://news.uchicago.edu/story/university-trustee-kenneth-griffin-loan-renowned-art-collection-exhibit-david-rubenstein) + +David Rubenstein stepped down from Carlyle and started a family office (archegos vibes anyone?) called Declaration Capital. Its difficult to find out what their investments are, but we know of a few. Convene - a rival to WeWork dealing with flexible office space. [https://convene.com/catalyst/convene-secures-152m-series-d-funding-round/](https://convene.com/catalyst/convene-secures-152m-series-d-funding-round/). What caught my eye is their location- they offer this flexible office space at 131 South Dearborn st in chicago. You know, Citadel Towers. Home of our good friend Citadel. [https://convene.com/cities/chicago/131-south-dearborn-street](https://convene.com/cities/chicago/131-south-dearborn-street). + +Declaration Also scored investments of esports company **Axiomatic** [https://www.axiomaticgaming.com/esports-ownership-group-axiomatic-secures-investments-from-michael-jordan-and-declaration-capital/](https://www.axiomaticgaming.com/esports-ownership-group-axiomatic-secures-investments-from-michael-jordan-and-declaration-capital/). Along with Michael Jordan, which is cool, i guess. Apparently he has a family investment office too (dear god). + +# Any other mobile gaming connections? Why yes + +[https://www.carlyle.com/our-business/portfolio-of-investments/riot-entertainment-oy](https://www.carlyle.com/our-business/portfolio-of-investments/riot-entertainment-oy) + +[https://impact.dealroom.co/companies/mig\_china](https://impact.dealroom.co/companies/mig_china) + +[https://techcrunch.com/2021/05/04/riot-games-and-konvoy-ventures-back-games-publisher-carry1st-in-6m-series-a/](https://techcrunch.com/2021/05/04/riot-games-and-konvoy-ventures-back-games-publisher-carry1st-in-6m-series-a/) + +&#x200B; + +What really got my tits jacked is DFV's twitter post a few weeks back, showing character John Locke on the television show Lost before he blows up the Hatch with dynamite from the **Black Rock.** What's really neat is (spoiler alert) in trying to find the hatch, his friend **Boone Carlyle is killed.** [https://twitter.com/TheRoaringKitty/status/1382405013989961736](https://twitter.com/TheRoaringKitty/status/1382405013989961736) + +&#x200B; + +CONCLUSION + +It appears that one very secretive fund called Carlyle Investments has big plans for both GME and our movie chums- as the leading potential competition to their investments in developing new technology and consumer-focused entertainment with AR, xR, mobile gaming, and e-sports. Rather than allowing GME and our chums a chance to adjust and adapt to the newly developing tech, Carlyle and co decide to collapse the competition and provide a clear path to their success. + +&#x200B; + +# What makes a king out of a slave? The courage to HODL +It's astonishing that the norm is 60+. I don't believe it. + +I never really thought about it until last week and I have visited this sub for a while. I looked around at my managers who are 50/60+ and was amazed that they hadn't retired yet. Even retiring at 40+ seems like a stretch to me at 21, because that twice my age. I'm thankful that I found this sub early on. + +Perhaps one of the reasons people don't pick up on FIRE is that they have wasted too much time not planning for it and it is pointless for them to consider it... I don't know, I know have much to learn. +If just one person takes this to heart and follows it, then I have done my job. Personally a post like this would have probably saved me a couple thousand dollars when I first started. + +Please **EARN THE RIGHT TO SIZE UP** when you are starting off. This business is a probabilities game. Majority of **beginners lose money**. Majority of **beginners blow up trading accounts**. **YOU ARE A BEGINNER** \- so what do you think is probably going to happen to you? + +When you first start - **you don't even know what you don't know** no matter how many youtube videos/books you watch and read on day trading. Your **priority** should just be to **accumulate screen time, execute a strategy, track your results, track your emotions, and live to trade another day.** All of this can be done at a **100% success rate** if you **don't risk any signficant amount of money** that will blow up your account. + +The general rule of thumb you see is that you should **only risk 1-2% of your capital per trade**, but I feel that this rule is something that **new traders should work up to rather than to begin with**. + +My advice? + +Paper trade for a week and **prove you can be profitable**. Then jump into a real account risking .1% of your capital ($10,000 account should only risk $10) for a week and **prove you can be profitable**. Then .2%, .4%, and so on until you reach that 1-2%. + +**If you can't be profitable paper trading and trading small size - then you have no business of trading 1-2%.** By following this - your worst case scenario is that you never reach 1-2% and find that this may not just be for you without having to lose any significant amount of money. + +This is just my recycled advice that hopefully will save some new traders money. +Never underestimate the power and speed of governments. Look at all the regulations that happened during Covid. It all happened extremely quickly to the point where some people and businesses didn’t even have time to react. + +So don’t expect CBDCs to happen at a slow and expected pace. Governments will give us extremely short notice and many of us will be taken off guard. + +DeFi is the only way to counter this encroaching menace (at least for now) and investing in DeFi now should be a top priority for all. + +Aside from the fact that DeFi will give us control over our personal funds and investments, the aspect of self-governance will boost the value of DeFi like never before. + +Never underestimate self-governance. When AAVE holders can vote on creating a new stablecoin for their platform, that’s added value + +When BitDAO holders are voting to create an independent L1 and boost the utility of their holding, that’s added value + +When Curve holders can vote on improving liquidity in their pools, that’s added value. + +In a world where every single transaction you make is controlled and monitored by the government, self-governance and freedom of investment will be of top value for all societies in the world and the only way to achieve that is through complete decentralization. + +I can’t stress this enough but BUY INTO DEFI ASAP. You might think you’ll have time and that everything is to be expected but history shows us the exact opposite. Everything of this sort happens at a whim. +website https://zenon.network/ + +Trading https://www.coingecko.com/nl/coins/zenon + +Everything you need to know about ZNN https://shazzamazzash.medium.com/zenon-network-an-apes-guide-to-the-galaxy-7aad7dacdfef + +Moonpaper https://de.catbox.moe/26kuuh.pdf + +Based Bitcointalk announcement https://bitcointalk.org/index.php?topic=5279643.msg55303681#msg55303681 + +Syrius Zenon wallet introduction https://youtu.be/t6A7vKhp-MY + +based anon explanation What is it: Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. +LONG time gamestop hodler here. January DD writer. I’ve read many posts. Many posts. I’m seeing more posts than ever that are low quality posts and/or posts containing misinformation reaching insanely high upvote counts making them appear at the top of the subreddit. + +Now instead of just pointing out an issue and saying fix it I have also thought of two possible solutions to help prevent cult-like or misinformation spreading posts. + +1. Didn’t read? no upvote +-Simple as that, if you didn’t take the time to read it top to bottom then how can you be sure if what your upvote is promoting? (my post included, i better not see any, “too long didn’t read, but here’s my upvote!”) + +2.click bait titles +-if the title is in all caps and claiming immediate action proceed with caution, or if they’re claiming with 100% certainty of something then extraordinary claims require extraordinary evidence, so they better have the evidence to back it. If not, do not simply upvote because the title claims something that confirms your bias. Many times i’ve seen people comment “not sure what OP is saying but take my upvote”. I get that this comes from a place of wanting to be supportive even if you don’t understand but this train of thought can be used against you.You could be upvoting a complete karma farming shill. + +What finally spurred me to write this post was someone who posted (this post was on the top of the subreddit with 8k upvotes) claiming that they received information that “confirms” MOASS is near” cause he went into a gamestop and interrogated a frontline employee, and this employee mentioned that his boss said that there will be an announcement… I’m sorry but in all my 8 years of investing never have i heard such silliness. I don’t doubt that there is an announcement but i do doubt this announcement is some MOSS catalyst. + +Honestly I think that the OP of that post may have been part of some group to make this subreddit look like a bunch of idiots because the story he wrote up was a little too cringe. But who knows maybe i’m just too skeptical. +GME is 140% bittersweet in my book. Without the 💎👐, Melvin Capital & Citadel would have spewed enough propaganda via Jim Cramer and the rest of CNBC's GREEDY Citadel's deep pocketed-lined talking heads swaying via Citadel's bribes / donations to their "expert" anchors, analysts, supreme "analyzed" research. The average stubborn, impossible boomer will *follow* exactly.what they see on CNBC and affiliated "researched reports" along with their strategic plays. + + +**CERTAIN** Manipulating Hedge funds (Melvin Capital and Citadel) always buy low, hype it via CNBC through the faces of their puppets and sell the highest when it makes enough profits for them to slowly start shares causing minimal peaking while staying under the radar. + + +Don't forget how much these scumbags made off the market crashes from 2008 thru 2009. + + +Hey Melvin, I'm sorry to hear that you weren't able to get GameStop cheap enough to cover you shorts. Citadel, I'm sorry you wasted all of that sweet sweet bailout money you gave to Melvin Capital to just have the temporary bandages blown off and now it will be even more painless when you swing right through strike 2. you may have had the boomers fooled with your fake news,. Citadel, but us diamond hands knew better.. we started a family, very close tight-knit family who depending on each and others's ginormous balls and heart-felt promises to connectings of OUR FAMILY!! + + +**DON'T FUCK WITH MY FAMILY MOTHER FUCKERS!** + + +These 💎 👐 are not going away, we love playing "Guess how much Melvin lost today?" You greedy fucks deserve to lose fair and square as us retail traders do not have the same advantage to produce sudden "glitches" with your Robinhood exchange puppets, your "Sell GME and hurry to silver before you miss out on the NEXT BIG THING.. + + +Grosses part, the FUCKING TREASURER OF THE FUCKING UNITED FUCKING STATES HAD PUBLICLY ACCEPTED ALMOST $1,000,000, YES, ALMOST ONE MILLION DOLLARS IN "DONATIONS" FROM CITADEL TO SPEAK ON BEHALF OF THE VOLATILITY OF "CERTAIN" YET-UNNAMED STOCKS THAT MELVIN CAPITAL WAS LOSING BILLIONS IN THEIR RIDICULOUS SHORTS COVERING MORE THAN 100% OF A STOCK. SINCE WHEN THE FUCK CAN YOU OWN MORE THAN 100% OF A COMPANY? HOW IS THAT LEGAL TO BET SHORTS AT 122%,.140% -- WHERE'S THESE COUNTERFEIT STOCKS??? + + +OH RIGHT!! MELVIN CAPITAL CAN JUST KEEP ISSIING FAILURE TO DELIVERS (FD'S) AND PEOPLE BELIEVE THEY ARE RECEIVING THEIR SHARES, WHEN IN FACT, THEY ARE IOU's!!! And they just play the victim of "oh there was a glitch, and this happened, blah blah blah) SEC and FINRA slap them on the wrist, during their luncheon at their offices. + + +THE SEC AND FINRA ARE TRU COWARDS IF THEY DO NOT FOLLOW TJR WITH THE BLATANT MARKET MANIPULATION FROM - The Kingping "Citadel" , The Fat Greedy Bastard (Melvin Capital) and The Puppets (Robinhood) + + +I don't like her stock*ings* anymore, we are married now 😉 +It's amazing how it only took SHIB to go parabolic for everyone here to start shilling shitcoins, asking what the next shitcoin is and praising SHIB and DOGE. + +I know this will probably get downvoted to oblivion and beyond, but not even a month ago, people on r/CryptoCurrency would recommend not gambling on shitcoins, and now everyone is here for the shitcoin casino. + +If you can't beat them, join them, I guess. + +Just remember that you only hear about shitcoins, if they start mooning. The rugpulls and the coins that never moon are countless, and if you shoot in the dark, you will most likely miss. + +I'm even wondering if I should tag this as an unpopular opinion post. + +Edit: This is tagged Moons, because if you type "moons" in the title, it auto tags it. It was not on purpose. +UK Lawyer Ape here to break up the monotony of interesting posts with everyone's favourite bed time subject - THE LAW... + +My opinion - Brokers have been skirting around their legal obligations to their consumers for months now and (personally) I think they are seeing what they can get away with to mitigate their risk and the risk of their institutional clients. The T212 saga today was just the latest in a line of failures to act in their consumer clients’ best interests. I've been meaning to do a write up on what Apes might be able to do in response and this is the first part. More will follow if you're interested. + +&#x200B; + +*Disclaimer first: this is not legal or financial advice. The procedural information provided is freely available online and the bit where I set out my thoughts on the T212 clauses are my opinion only. You should not listen to me. Maybe it will inspire you to speak to T212, I don’t know. These things are subjective and I would like to invite all the wrinkled brained lawyer Apes to review and let me know if there are mistakes. As you can see, I work with crayons.* + +&#x200B; + +**TL;DR – I don’t think what T212 have in their terms in relation to share lending is a fair contractual term and I believe it to be in breach of consumer regulations in the UK (and domestic international laws). You have a right to contest this, details are provided below, and you might want to know my thoughts on the specifics around the terms if you want to make a complaint yourself. As I mention, this is not clear cut, and it might be the specific protections raised don’t quite cover the issue but from my experience where something is blatantly detrimenting the consumer; there is a law seeking to protect them.** + +&#x200B; + +**Intro** + +I may be a smooth brained lawyer (who has only made terrible memes up until now on this sub) but I took a look at the T212 terms and have some problems with what they’re doing. + +These notes are primarily focused on the UK as I’m based in London but a lot of this may be adaptable for our international Apes as I expect processes with regulation authorities to be fairly similar. The procedure will most likely involve speaking with your broker in the first instance and then reporting your complaint to a regulatory body if your matter has not been suitably resolved. + +To summarise the legal fundamentals behind this note: + +1. I called up the Financial Conduct Authority to check that individuals agreeing to broker terms were able to rely on consumer regulation protections and more specifically the unfair terms legislation (we are\*); + +2. I checked Chapter 10 of the Financial Conduct Authority Handbook and Schedule 3, section 2A of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (**FSMA**) and think there is a probability that in acting for two opposing clients simultaneously (Ape Long and Hedgies Short) and acting in a manner which benefits one over the other (lending shares to SHFs which has the effect of devaluing Apes stonks) T212 are in breach of the FSMA in relation to conflicts of interests. + +3. I believe that clause 22 of the T212 Share Dealing Service Terms of Business is likely to be in breach of section 62 of the Consumer Rights Act 2015 (**CRA**) in relation to unfair contract terms. + +\*For the purposes of the CRA you will only come within the protections if you are acting for purposes that are wholly or mainly outside of your profession. + +To note: my interpretation of the regulations, is my interpretation and opinion only. It is not clear cut, but I believe that T212’s actions amount to a breach of the CRA and FSMA. + +&#x200B; + +**Part 1 - So, what can we do about this?** + +**The Process** + +Call me a pessimist but I don’t think T212 will be the only ones to try this. The process outlined below therefore refers to “brokers” rather than T212 specifically for future use. + +I also believe this might be useful for Apes outside the UK as international guidance (especially in the EU) is likely to be relatively similar. + +**Step 1: Contact the broker** + +Contact the broker as soon as possible in writing so that you have a record of what they say and being speedy allows you to show in the future that you took this matter seriously from the outset. + +Financial services firm in the UK have 8 weeks to respond formally (mad right?) however if the broker gives you a deadline for a response it does not seem unreasonable to also set your own deadline before you report the matter to a regulatory body. + +Unless they can resolve your issue in 3 business days, they do need to acknowledge your complaint within a reasonable time after those three days. + +**Step 2: Make the complaint yourself** + +Lawyers can be expensive, but don’t you worry your fluffy little head, you beautiful ape; you can do this all by yourself! + +Make sure you identify the problem and terms you feel are not fair. + +To make it a little easier I have also provided you with some wording that you might find useful in Part 3. But that’s up to you, I’m not your lawyer. + +**Step 3 – Contact the Financial Ombudsman** + +If you are not happy with the response you receive from the firm (again, as a pessimist I have my doubts that you will be happy), or you do not hear from them within the relevant time period (also very probable), the​​​​​ Financial Ombudsman Service may be able to help you. + +The Financial Ombudsman Service is a free, independent service for settling disputes between financial services firms and their customers (if you don’t already know about them). + +\*\*International Apes, I expect you will have similar regulatory bodies which I expect will help you much in the same way.\*\* + +The success of a complaint like this may be limited. However, I personally believe that the more eyes we get on this the better. Drawing attention to unfair practices now is better than waiting until all this is over. + +Proactively confronting unfair dealings is the only way consumers can show that they do have power. + +&#x200B; + +**Step 4 – Court** + +We'll keep this one in the back pocket for another day but you should know that you always have the right to take things like this to court; regardless of a regulatory body's decision. + +&#x200B; + +**Part 2 – What do I think T212 may have done wrong?** + +https://preview.redd.it/q45wyezr09871.png?width=3024&format=png&auto=webp&s=8aae6bb50cfc19a3ac935e96a08daf0bda8c88ef + +You can see from the above picture the inner workings of a legal genius who just about managed to review the terms before the impulse to eat all the crayons took over. + +My verdict? Clause 22 doesn’t seem very cash money of T212. + +What they're basically saying is that they can lend out your shares to institutions unilaterally; an act which would actively devalue your asset that you have purchased in favour of your competition in all this; the SHF. + +I believe that due to this, T212 are likely to have a conflict of interest by being a provider of services to you as a long investor and a SHF by making a decision to lend your shares out (with threat of punitive action should you contest it) for the sole benefit of the SHF. + +No… doesn’t seem very cash money at all. In fact, someone would call that a d\*\*\*\* move. + +I won’t go into too much more detail here as I want to get this out quickly to hopefully get the ball rolling for as many of you as possible. However, Part 3 below explains the specifics of the perceived breaches in consumer regulations and the intro above refers to the sources that I base this off. + +&#x200B; + +**Part 3 – How might you speak to a broker like T212?** + +When I spoke to the Financial Conduct Authority they gave me the following details to raise a complaint with T212 (you know, if that’s what you want to do): + +Email: [Compliance@Trading212.co.uk](mailto:Compliance@Trading212.co.uk) + +Phone Number: 0203 816 0199 + +\*\*I want to make clear that this is just an example of something that can be sent in similar circumstances. I am not encouraging or advocating that you necessarily send this or something similar and if you do send anything similar to T212 then you should only include what you believe is correct to your individual circumstances. I have suggested extra reading into this topic but please do your own research and even get a lawyer if you are looking for legal advice. **None of this is legal advice.\*\*** + +***Subject: Securities Lending Complaint*** + +*Dear Compliance Team* + +*I recently logged into my T212 trading account and was notified that in accordance with clause 2 of your Share Dealing Service Terms of Business (the* ***Terms****), I am required to give consent to lend my shares to a third party or suffer penalties (the* ***Proposal****).* + +*To confirm and for the avoidance of doubt, I do not authorise you to lend my shares to any third party. I purchased the shares with the understanding that they were mine to own and I would receive all proprietary rights as would be expected in any exchange for such a security. That includes the ability to choose whether to lend or not to lend that security to anyone.* + +*I also do not accept the punitive measures that you threaten in this correspondence. These penalties are not in accordance with my legal rights as a consumer.* + +*If you do not revoke your ability to lend out my shares without imposing penalties by the 9 July 2021 I will be notifying the Financial Ombudsman with full details of the complaint.* + +*In the meantime and to consider the current situation in more detail please can you provide the following:* + +*1. Evidence that in accordance with clause 22.1 of the Terms that I gave explicit consent to lending shares in my account;* + +*2. An explanation as to why (presumably) you do not consider the Proposal to be in breach of Chapter 10 of the Financial Conduct Authority Handbook and Schedule 3, section 2A of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (FSMA)? To clarify, T212 is acting as a financial firm to both myself as an investor and a third party who is most likely to use that share to short the stock I have invested in. Both myself and the third party are therefore clients of yours however you are clearly favouring the third party over me as an investor of the stock as the act of shorting that stock will devalue my investment. By imposing penalties on me if I do not agree to this, you are without a doubt favouring the third party as a client whilst harming my investment. Please confirm why T212 consider this not to be a breach of the conflict of interest provisions of the FSMA and FCA mentioned above?* + +*3. An explanation as to why clause 22 of the Terms is not in breach of section 62 of the Consumer Rights Act 2015 (CRA) in relation to unfair contract terms? Clause 22 gives T212 the unilateral ability to lend out shares that I have invested in to the detriment of my shareholding. No investor in their right mind would allow their shares to be lent out to a third party who is likely to use that share to short the stock as it would clearly devalue the initial investment. I see no benefit in the clause for me as an investor; which (I’d like to point out) is hidden away in one of many of your terms and conditions.* + +*I will require a response to these queries as soon as possible considering the very limited timescale you have given me to consider my options. If I do not hear from you before the 9 July 2021 with what I consider to be an adequate response in resolution of this matter or if you have not by that time revoked the Proposal I will be contacting the Financial Ombudsman to make a formal complaint about your business practices.* + +*Yours faithfully,* + +&#x200B; + +**Part 4 – What Comes Next?** + +That really depends on how T212 would like to deal with this. In my opinion, they are likely to get a lawyer to go through why these provisions do not apply (in their opinion). At that point, the regulation authority should decide whether that is true or not. + +On the face of it, this seems blatantly unfair to the consumer and where that happens (in my experience) more often than not it is a breach of a rule or regulation that seeks to protect a consumer. + +If people would find it useful I can do some further research on how someone might make a formal complaint to the Financial Ombudsman. I would recommend that would need more details in relation to specific breaches of the legislation and the terms. + +I have also been thinking about setting out my thoughts on notifying conduct authorities about: + +1. The brokers’ action in trading halts in January; + +2. Unfair terms in T212 and other brokers terms; + +3. US market practices and the role of domestic brokers in managing this risk. + +I would appreciate any feedback and suggestions!. + +&#x200B; + +**TL;DR – it’s at the top you lovely, smooth-brained, simple ape.** + +*Further disclaimer: in case in the interest of making this a little less formal anyone thinks this is unprofessional or could make lawyers look bad; I’m doing this to help people, it’s free, law isn’t entertaining (but I gave it a go), I don’t actually eat crayons and you’re wrong.* +Hi AusFinance, + +I recently found out when applying for a Zip Money I was refused due to my financial status. I wondered how this was. I spoke to a credit reporting agency they found I had taken a loan two years ago for the sum of $2,500 + +When I spoke to the loan provider FairGo Finance they advised me of an email address I didn't have and the back up email address for the email was my exes one. + +I confronted her with the information and she advised she did do it. + +Has this happened to anyone you know? I have been financially responsible my entire life so this is coming as a huge shock to me. +As the title suggests, i'm curious to hear what people consider to be a big mortgage! Bonus points for what people to consider to be an average or small mortgage. + +Feel free to comment based in terms of multiplications of income or in pure $ figures. Interested to hear both accounts, as well as if anybody wants to share their situation. + +My personal situation is 570k mortgage PPOR, 130k income and partner 85k income. +I'm looking to build myself a little dashboard of sorts, I don't need to be able to execute the trades but I'm just looking for an easy to use and reliable API to get crypto market data from. Any recommendations? +For education purposes - share what works for you in day trading? Set of rules and tricks and let’s compare + +- how many years are you in trading/how many of the are profitable +- stocks(what price range)/etf/forex/crypto/futures +- what part of the day are you trading +- what indicators do you use +- what’s your sweet risk to reward ratio +- what’s your entry/exit signal +- type of stop loss +- does and donts +- news/updates resources tv/twitter/stocktwits/yt +- other useful rules +Parents forced me into an engineering program at university, it was very difficult especially since I graduated with a low gpa in highschool. I was planning on working at an oil rig for years because I knew multiple friends there who could offer me a position, issue is they live 2 provinces away and cannot provide housing so my parents decided to make the best decision for me. I know work like oil rigs isn't for kids, but I do manual labour at sites over the summer so I am not fully unprepared and I can last especially if I need to in order to live. + +I failed 3 of my finals and classes, I am not continuing university and my parents who have access to my university accounts found out and told me to pack my things and live on my own if I'm not following the path they set for me. I don't blame them, they both worked their ass off to have a house and kids and if i'm not in the house their lives will be easier as they only have to raise one kid. don't blame them. I am staying in a guest bedroom at my best friend's house, I was already working at a min. wage job ($13/hr cad) and made it so I can transition to full time \~45hrs a week next week as my manager and I have a good relationship. + +I have $4600 after tuition and a car that can get me to point a to point b with decent mileage at $300 a month. Phone bill is at $70 a month but I can make that cheaper. My friends parents are extremely kind people and understand my position, I offered to pay rent but they refused but I know that's not going to last forever so I am going to be a full time maid so they don't get annoyed with me. My plan is to save every penny and try to be as invisible as possible in this house so I can stay, until I can figure out housing and go to that oil rig job. If not, then i'll apologize to my parents and try to come back although there has been conflict between us for a long time, if that also doesn't work then i'll try do go to a trades school. + +Please be harsh with me as this is in the middle of winter and it is -28 c as we speak, Its okay if I live frugally for years as long as I'm not homeless as canada already has a homeless opioid problem and I don't want to be one of them at a young age. Tell me what I need to do. +Did a google search of this scumbag just to be clear, Kenneth Griffin, CEO of hedgefund Citadel, who is illegally naked shorting GameStop and many other companies, and who should be imprisoned under the RICO Act, and I found very little beyond wiki. + +How, after us discussing him for over a year now, is nothing of our DD on him anywhere near the first few pages of google search? This fucking coward paying to scrub google? How can I personally fix this? +I'm looking for the best free or paid for tools to look at sentiment and Social Media analysis for any crypto/stock ticker. Is there anything which can provide quantitative data analysis and insights useful for trading, similar to what I'd imagine hedgefunds use but for retails traders instead? + +This analysis can be anything from volume of Tweets/posts across multiple platforms, average sentiment over time, top Keywords with that ticker, large news story detection or generally anything useful for trading. + +What is the state of the art in this field? +What approaches do you use to pick EMA or other indicator window sizes when tailoring them to a particular asset and/or its volatility or other characteristics? + +Obviously you could brute force it and try a few different combinations to see what works best to capture the sorts of movements you're interested in, but I'm interested in any systematic or elegant approaches you have to closing in on near-optimal window sizes for a particular objective. +Obviously the point of having extra money is to put it to work making more money, but in doing so limits its circulation within the economy. What are ways to turn a profit that also directly improves the lives of poor people? For instance, creating a factory provides jobs which directly puts more money in a local circulation and creates more jobs.. basically is both an investment of the rich and an improving of the nonrich. Are there more examples beyond just creating jobs that rich people can invest their money into and receive a nonzero ROI? +A thought floating in my mind is that if some countries always have more wealth than others, there will never be a fully flattened world GDP per capita. Hence a rich/poor divide even though the poor at that point have their necessities covered. + +Going against this is the growth penalty of being a frontier economy that has to innovate to grow, whereas developing ones do not. + +So which is more likely a relatively equal or unequal world over the very long term (say 200 years from now) +I have been selling very low delta credit spreads for some years. I actually get really excited about getting 2% on 0dte positions. I will usually leg into an IC using this strategy And let the options expire worthless. I also sell higher delta positions but this strategy is a great way to make a few hundred dollars a day on $SPY 3 days a week. In the event of an absolute crash or extreme melt up I cut losses and trade another day. In 2 years, when I do a decent job on my entries I‘ve only had to cut losses when Biden or Trump tweeted/had a news conference unexpectedly and we experienced a mini crash. I do not trade through Fed announcements and such. Obviously this only works with zero commission platforms. Prior to zero commission platforms I traded(and still trade other strategies) on TD Ameritrade TOS. I have been using Robinhood but have had my positions closed out (I know others have experienced this) for what I deem inappropriate amounts of caution on the side of Robinhood. Does Webull close positions as aggressively as Robinhood? I’ve heard of platforms that I can play a monthly fee and in turn do not pay option or trading fees. I average about 2,500 contracts a month using this strategy so fees really are a non option. Any suggestions? And please feel free to flame me for using Robinhood or for letting options expire worthless. This is a winning strategy over a 2 year time span, even with Robinhood closing my positions out for a loss and the occasional “cutting my losses.” I am up a substantial amount of money over the course of time. It’s a very low stress way of making money. +Not sure if I can mention the name of this pharmaceutical stock, the November ATM call is about half the current share price. Average volume is 200K, today's volume is 520 k, downward trend. Bought it around $59 and sold a 65 Call with $30 premium. There's a big spread of a few dollars. Why would anybody buy it? Stock is down about 20% in the last few days with ER before expiry date. +The entire market keeps going further down because every 20 minutes there is another "news" report with some doomsday promoting theme. Two bots were responsible for bitcoin's rise from $150-$1000, "China" is freezing bank accounts, etc. + +Everyone is being played. You know how easy it is to put out fake news articles. You know that fake news has been used to alter perceptions and mess with elections. This is no different. Dropping false news reports to mess with market prices to cause market swings for profit is straight out of the textbook. + +There is tons of money at play, and you'd be naive to think that all the random FUD articles popping up today are intended to do anything other than instill further panic and sell-offs. Do yourself and everyone a favor, start spreading awareness of this and down vote the FUD. + +While I have come to hate everyone in this coin shilling community, I have come to appreciate you guys just as much and would hate to lose you to what is an egregious and coordinated effort to induce panic and destroy our market. +I live in a middle sized college town in NC. Rent demand and prices are strong relative to cost (I get an average around 12% gross yearly on the rentals). College being partially virtual doesn't seem to effect regular rental market yet. Browsed through budget houses, and nice townhomes on AirBnb and in my market and they are only rented for thanksgiving, Christmas night, and May 7th 2021 (looked it up and its college graduation day). I wasn't sure how normal this is, or why the owners would even be motivated to airbnb over just leasing. +Currently I am in discovery mode before I might pull the trigger on the REI...maybe some seasoned investors on this subreddit might comment or advise on the topic. I know that everybody is selling seminars...this is similar with day trading classes...there is a false illusion that one can become rich fast if buying into these seminars/classes. + +Below is what I have find out: + +\-**Multifamily**, have apparently lower CAP rates than SFH, bigger players that are willing to settle for less CAP rates (even 4% CAP), fierce competition, difficult to exit/unload...I was looking on Loopnet and Crexi for multi-families...the vast majority with decent CAP rates are in bad neighborhoods across the country (C class buildings), very few B class properties, most properties were remodeled (value added already)...financing might be easier because is based on the property past income... + +...the ideal scenario where one can purchase a 2.5 million C class complex, rehab it into a B class, get the ARV up, carefully screen the tenants before renting , refinance, cash out and repeat (BRRRR) seems very difficult to achieve...there are lots of portfolios available that investors are looking to unload after milking them for several years (multiple addresses)...I doubt that these portfolios are a good investment for a newbie. + +\-**Single Family Homes**, can target a higher CAP target rate (8%-11%), cheaper to fix and add value to it, easier to sell...cheap ones are in beat up neighborhoods, but a 3bed/2ba SFH might be more attractive than a 3bed/2ba apartment...might end up having a bunch of properties both smaller multifamily and SFH portfolio...on this approach, downside is that cash is needed in order to move quick...hard money are tough to work with at 12% interest rates plus points. + +Looking to invest out of state where the market makes sense (stable local economy and decent growth)..."war zones" are not something that I am looking for...also Capital preservation vs CAP rate or COC it comes to mind...how to identify the sweet spot? + +I guess I am looking for real stories and honest comments and advice. Thank you in advance. +I have a mortgage, checking account, and credit card all with the same bank. The credit card account shows up as an option to pay the mortgage with. I thought I would be smart and take advantage of the 1% rewards on my credit card - well, it processed as a "cash advance" which is not free. Hopefully this saves someone from a similar mistake :-) Obviously this doesn't apply to all situations but I would at least inquire before trying 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! + +I (37M) am a VP of Technology for a mid-large public tech company, based in the UK. Typical for my position, the lion’s share of my income comes in the form of equity in my company. Like so many in 2022 my company’s stock is in the toilet, but I’m reasonably confident about a bounce back in the mid-term. +I’m only recently in this position, so basically I am a HENRY (high earner not rich yet). +My current yearly TC ranges between $750k (in stock-in-toilet mode), to about $1.3m - maybe $1.5m in a couple years if the market recovers. My job is very demanding and most days I work 12+ hours. +This is not a bad position to be in, but it’s not going to make me rich like some in this sub enjoy. Realistically with this earning and middle class spend, it’s possible to get north of $10m before retirement, but not much further. + +I’ve always been tempted by entrepreneurship, and I have an idea that’s been gnawing away at me for months. I’m tempted to pursue this path, but it would require me stepping back from my current position. + +The problem I face is the risk/reward. I think maybe I’ve left it too late to follow the risky path (I have a large mortgage and a family). Yet I look at some on here with their $20m-$30m exits with envy. I’m not unhappy in my job, but naturally want to maximise my potential while I’m youngish and have energy. + +What would you all do in my position? What gives me the highest chance of a proper FatFire? + +Thanks in advance! +There are 47.000 calls at 40$ for this Friday for AMC, 25000 BETWEEN 20-40$ and 32000 for 20$ and 100.000 under 20$. + +You stupid apes need to stop fighting over AMC and GME and realise this is a team effort . AMC is helping GME by gathering the scared masses that are afraid to invest in GME . This will fuel GME after they get in. + + +Also, you brain-dead diamond hands, you have to realise that hedges will not just cover, but will fucking go long with you as well and short the fucking top. + + +YOU NEED TO LET GO OF THE SHARES WHEN THEY SHORT THE TOP. We don't fucking now when is the top, but if you don't leave your shares before the top, you will give free money to hedges. + + +Stop fighting over AMC AND GME and realise the potential here. AMC is gathering the masses while GME is holding the front line . Then you will have two gigantic monsters . +Chart of my day: +Note: green dots mean entering a position, red dots mean exiting. +[First Day Trading](http://i.imgur.com/kdlf0tA.png) + +I decided to trade Seadrill Ltd (NYSE:SDRL) because oil and gas have been quite volatile lately and since I was trading a small amount I wanted the volatility to try and capture the swings. + +The stock opened roughly 4.4% higher than close yesterday. My first though was this is a market overreaction and it's bound to drop so I shorted 100 shares at 24.06 +My goal was to make a $10 gain (after commissions) meaning I needed a roughly $0.20 drop in the price. + +Finally the price dropped to 23.84 around 10:50A when I covered. I had hesitations about covering since there was a slight downward trend line. At the same time though I was close to the low of the day so far so I thought a reversal might take place. +I ended up going long 100 shares roughly 8 minutes later at $23.77. The stock bounced up and down but overall slowly trended down. I held thinking it'll go up. +I went for a quick lunch at 12 thinking not much could go wrong but when I got back I saw the price at $23.23 so I panicked and sold. + +I immediately followed up buy going into a short position, again $100 shares at $23.24. +I calculated that to break even I would need to cover at $22.62. The stock was heading down so I figured I would hold and see what happens. My plan was to cover if the stock went up too far to avoid further loss. +Luckily the stock did hit $22.62 around 2:10PM but I got a bit greedy and didn't cover. +The stock hovered in the high $22.70's and low $22.80's for a while occasionally jumping up to $22.90ish. +I decided I would set a limit order at $22.80 and take a small loss since I didn't think the stock would go down to $22.62 again today. I made a stupid mistake and accidentally sent the limit as $23.80, a whole dollar higher. The order filled at $22.88 + +Overall I took a $26 loss today. My goal is to slowly make that back over the course of next week. + +If you have any constructive comments, criticisms, tips, or ideas please feel free to share them! +&#x200B; + +I'm new to trading, and I've noticed a consistent bias in my decisions to sell too early. The pattern goes like this: + +1. I buy as a stock is dipping, and end up timing the dip wrong, meaning I go in the red immediately. The dip might continue to -20-30% of what I bought the stock with. +2. At this point, I'm freaking out a bit because I need a bit over a 20% increase to just make my money back. +3. The stock eventually rises over a bit over what I bought it with, and I place a stop-loss \~5% lower of the current price to secure that at least I get my money back. It dips down, the stop-loss activates, and then the price increases way beyond the original high-point and I could have made way more money. I feel a large amount of anxiety thinking about how much I could have made. + +Alternatively, the stock continues to plummet for a long time and i sell at a loss. Then miraculously the following day the stock starts recovering rapidly. I have a consistent record with selling right before the big jump upwards, which is costing me a lot of money. + +I feel like I'm trading with a losing mindset, where I'm more scared of losing what I invested than actually making a decent profit. Am I simply too emotionally attached to my money and should trade smaller amounts? Should I take a break from the stock market? I feel a strong urge to revenge-trade, which has only cost me more money than it has made. +I’ve posted on here once before and got great advice. I’ve done more research and I’ve decided I want to start swing trading. If anyone have any tips, suggestions, personal experiences, or anything like that pls comment! I’m 19 and can throw around $500 a month to this new venture. Also pls don’t sugar coat anything. I don’t expect to get rich quick. Thanks! +I was wondering if, apart from daytrading, other forms of trading are profitable as it is clear that, prices in a day are very unpredictable therefore daytrading is not worth it. +I’ve been confused by leverage for a quite a while now. Why would someone trade with e.g. £100 of X5 leverage rather than use their own £500, and if they don’t have £500 why would you risk more than you can afford to lose? + +I’m fairly new to this world and honestly think I’m missing something, any help would be appreciated + + +Share price: 100, number of shares= 30, leverage= 3x, Money in account= 1000, Total value of equity= 3000, Debt= 2000 + +Initial Margin= 0.30\*3000 = 900 + +Maintenance Margin= 0.25\*3000= 750 + +Margin Call price: (Debt/(1-Maintenance Margin %)) / number of shares + += (2000/0.75) / 30 = 88.88 + +% fall in stock price that will trigger margin call= 11.12% + +Is my calculation correct? +Say you made a day trade and were up 20k. If you were to take it out it would be subject to the short term capital gains tax. Could you reinvest, hold for a year and then pull it out and then be subject to the lower rate of the long term capital gains tax? +Hey! So I'm wondering if there's any strategies that have been leaked from big firms, basically I'm wondering how they made their money - if anyone has details on that. + +I know its a long shot (obviously), but I'm just thinking over the years there's got to have been some leaks or ex-employees or basically some way for it to get out. + +I would just like to see to compare, see their PL, drawdown, etc. + +Thanks! +Hi all, wondering where’s best to look for new day trading strategies to try? + +I’ve been with a trading academy for little over a year, paper traded equities for about 10 months then opened a live account 3 months ago. I’ve been using their strategy of ema cross and macd cross to signal a trade whilst typically looking for trend reversals but not strictly. + +This isn’t working out for me though and I’m down a considerable amount plus a lot of broker fees. On each position I only ever risk 1-2% and let my profits run but I feel like everything I open just laughs and turns against me. + +So it’s come to the point now where I want to try something new as my investing is going well but my day trading isn’t and I want to fix that. + +I’m all ears and any suggestions/pointers/help is appreciated! +Hello, I'm 15 and about 3 weeks ago began trading for fun using a practice account on "trading 212", a desktop and mobile trading app. + +The practice account began with €10,000 and over the first week I learnt the ropes and lost and earned healthy amounts of money, I was sitting on about €9,800 at the end of the first week but I was confident I could return to 10,000. That night I invested in gold and set it to sell automatically when it reached a lucrative price, not too high, only enough to make back the €10,000 (so €200). + +It did and then over the next week I traded in gold quite well, now investing in lots of thousands vs the sheepish 1-2 hundred. + +By week three I was at 12k and began trading in nsdq and am (currently) sitting on 19,600. + +Am I just lucky? Although I'm not just investing willy-billy because the sky is my lucky shade of blue, I'm in turn not using the complicated maths or spender hours over looking decisions. This is really something I do between classes but when I came back to friends who got the app only days after I had I was the only one to make such profits. +I am sixteen years old and one of my favorite pastimes for about a little over half a year has been looking at stocks. I started trading options around September and shortly after made about $1500 from a $100 contract because of $LCID. Since then, I have lost all of it, plus another $700 of my own money I put in. During February to March I really made a lot of improvement in day trading, but never managed to repeat the same gains, staying very stagnant for a while. Recently, I lost $230 because of a wifi problem causing TOS to lag while trading during my 3rd period class when I was playing QQQ puts on FOMC. It literally told me my orders never got filled and That I had canceled them, so I just continued my school day, then returned to the think or swim app at home to see three positions down 98%. I think about losses every day and it angers me every time. Now, I can't even look at a chart without getting pissed off, and when my friends ask me about how it's going, I get clowned by them because they're making money on this big bounce back in the market with shares and crypto. I really liked trading before, but I haven't had a loss like this in a while, but I know deep down I want to get back into it. I've taken about a 1 and half week break mostly because of school, but also because if I saw another red trade on my account I'd blow my brains out. I know $2200 isn't a lot, but it is at my age. +Also, if any of you have tips, I'd like to say I was pretty good at finding trades, but just really bad at executing and got anxious when P/L up or down a little bit, so maybe something that accommodates to those strengths and weaknesses. + +Feel free to eat me alive in the comments + Right now I only have 3.5k, really low living expenses. And I'm using 6% risk and only pick the best setups in a last attempt to increase my account and trade safer if i reach 10k-20k. + +If I don't do this, I will run out of money and go on government benefits and might have to quit university. (They don't allow you to take higher education while on benefits, which is really stupid if you ask me, as college is free where I live, all you have to pay for is rent and food). + +What would you do? +A day does not go by without me seeing an ad for Etoro, so i have come here to ask if it’s any good or if it’s garbage. + +What platform do you use and why? +Hi, I’m new to trading and have only started dipping my toe in the water but wonder if it’s a reasonable expectation to make £80-£100 profit per full day trading. + +I ask because i am considering leaving my current job to focus on this as a job. I have financial security already and a retirement plan all set so there is no risk in that regard. + +Thanks +Long time listener, first time caller....throwaway account yada yada. Needs some high level advice and pointing in the right direction. + +51M married, two kids in college, live in NorCal with very high cost of living. Will need to stay here I’m the short term for work / college, but likely to move somewhere much cheaper in the future. + +I’ll save the “how did we end up here”, but here is the situation. + +No property currently owned +No investments or stocks + +Current income currently covers all monthly bills, rent and living expenses with very little to spare. + +I’m covering all of my kids college costs, but they are not substantial and they are both living at home still. + +$230,000 in savings in the bank + +$14,000 in an IRA (7k contribution for 19 and 20) + +$450,000 in various 401k’s + +No investing experience to speak of, but I am currently learning the basics but have always been wary of the stock market. Have also been given lousy advice on products in the past, so also wary of financial advisors (high commission products recommended etc). + +Would like to get back on the property ladder in the next 2 years, but would realistically need a more substantial deposit. + +Need to figure out some sensible options for trying to make the money work harder than simply sitting in the bank as I wait for work bonuses to help top up available cash for a deposit. + +On top of that, I want longer term options to help accelerate retirement if possible. +I’ve tried calling several times but each time they say the lines are too busy and it hangs up. I feel completely helpless and I really need the stimulus checks. I never even got the first one. Is there ANYTHING I can do? +Can we get this trending and dare anyone to produce proof otherwise. We have the sec report stating the run up was due to fomo and very little to due with shorts closing. This needs to be more widely spread because it seems every show, talk, or documentary is missing the point, that the squeeze hasn't squoze! All the DD we have, in front of the right eyes right now can shift the conversation from it being over and now it's time to fix the markets, to it being a current fight against corruption and manipulation. These big players like D.Lauer, S.Trimbath, and John Stewart need to also see and understand that we're in the middle of the gamestop story still, not the end. Squeeze not Squoze is the most important message and yet seems to be suppressed. Its time for the truth to come out to the rest of the world. +I've seen some posts today where some apes were saying that they could only DRS certain shares within their portfolio. + +I'm going to go out on a limb and assume these are more recent purchases that brokerage are having trouble with; as older ones have already been located and settled for their client. I assume the reason for this means that they are having trouble locating shares are that naked / synthetics that are starting to surface. + +When the available float has been reached; I doubt that GameStop is going to be legally able to continue registering more shares (beyond their float) as this was determined by DTCC. + +There would be **no reason** for GameStop to continue allowing more shares to directly register as that would **defeat the entire purpose of all of this**. What I am getting at is when this threshold is finally met I believe this is when GameStop is going to announce that there is a problem so that it's not GameStop initiating MOASS through a share recall rather it's investors having done this on their own - and have inadvertently identified a problem with DTCC's inventorying. + +Since **DTCC has clearly stated they are under no obligation to resolve or unwind naked shorts** and that if investors have concerns about this then it is up to them to withdraw from DTCC and directly register. We clearly have done this with significant magnitude; despite it being completely illegal for GameStop to tell us this - so it's a **good thing we figured this out on our own** through our own **due diligence**. + +This is going to **legally absolve** GameStop in every way shape and form from taking **ANY** blame. SHF's have been backed into a corner and the system has allowed itself to fail and **we have only done what we are legally supposed to do** - directly register **as per the instruction of DTCC**. + +Retail cannot be blamed. They fucked around with the system so much that it backfired on them. +Each state should have a website that you can search to check whether you have unclaimed paychecks, overpayments,, security deposits etc. It's always worth a look! + +edit masterlist: Alabama: https://treasury.alabama.gov/ + +Alaska: https://unclaimedproperty.alaska.gov/ + +Arizona: https://azdor.gov/unclaimed-property + +Arkansas: https://auditor.ar.gov/search-for-property + +California: https://www.sco.ca.gov/upd_msg.html + +Colorado: https://colorado.findyourunclaimedproperty.com/ + +Connecticut: https://portal.ct.gov/DCP/Common-Elements/Consumer-Facts-and-Contacts/Unclaimed-Property + +Delaware: https://unclaimedproperty.delaware.gov/ + +Florida: https://www.fltreasurehunt.gov/ + +Georgia: https://dor.georgia.gov/unclaimed-property-program + +Hawaii: https://unclaimedproperty.ehawaii.gov/lilo/property-search.html + +Illinois: https://icash.illinoistreasurer.gov/ + +Indiana: https://www.indianaunclaimed.gov/ + +Iowa: https://www.iowatreasurer.gov/for-citizens/great-iowa-treasure-hunt + +Kansas: https://unclaimed.org/reporting/kansas/ + +Kentucky: https://treasury.ky.gov/unclaimedproperty/Pages/overview.aspx + +Louisiana: https://www.treasury.la.gov/unclaimed-property-1 + +Maine: https://www.maineunclaimedproperty.gov/ + +Maryland: https://interactive.marylandtaxes.gov/individuals/unclaim/default.aspx + +Massachusetts: https://www.mass.gov/orgs/unclaimed-property-division + +Michigan: https://unclaimedproperty.michigan.gov/ + +Minnesota: https://mn.gov/commerce/consumers/your-money/find-missing-money/ + +Mississippi: https://treasury.ms.gov/for-citizens/unclaimed-property/ + +Missouri: https://treasurer.mo.gov/unclaimedproperty/ + +Nebraska: https://nebraskalostcash.nebraska.gov/ + +Nevada: https://www.nevadatreasurer.gov/unclaimed_property/up_home/ + +New Hampshire: https://www.nh.gov/treasury/ + +New Jersey: https://nj.gov/treasury/unclaimed-property/ + +New Mexico: https://unclaimed.org/reporting/new-mexico/ + +New York: https://www.ny.gov/services/find-lost-money + +North Carolina: https://www.nc.gov/living/housing-property + +North Dakota: https://unclaimedproperty.nd.gov/ + +Ohio: https://com.ohio.gov/unfd/ + +Oklahoma: https://www.ok.gov/treasurer/Unclaimed_Property/ + +Oregon: https://unclaimed.oregon.gov/ + +Pennsylvania: https://www.patreasury.gov/unclaimed-property/ + +Rhode Island: https://treasury.ri.gov/programs/unclaimed-property + +South Carolina: https://treasurer.sc.gov/what-we-do/for-citizens/unclaimed-property-program/ + +South Dakota: https://sdtreasurer.gov/unclaimed-property/ + +Tennessee: https://claimit.treasury.tn.gov/en/Property/SearchIndex + +Texas: https://comptroller.texas.gov/programs/unclaimed/ + +Utah: https://treasurer.utah.gov/up-overview/ + +Vermont: https://www.vermonttreasurer.gov/content/unclaimed-property + +Virginia: https://www.trs.virginia.gov/Unclaimed-Proper + +Washington: https://ucp.dor.wa.gov/ + +DC: https://cfo.dc.gov/page/unclaimed-property-how-reclaim-property + +West Virginia: https://wvde.us/wp-content/uploads/2021/07/Claim-for-Abandoned-Property-Form.pdf + +Wisconsin: https://statetreasurer.wi.gov/Pages/UnclaimedProperty.aspx + +Wyoming: https://statetreasurer.wyo.gov/unclaimed-property/ + +Canadian: https://www.canada.ca/en/revenue-agency/services/e-services/cra-login-services.html +**TL/DR**: Despite massive fiscal stimulus packages and seemingly never-ending quantitative easing programs, I don't believe we're headed towards a world of out-of-control inflation. Why? The prospect of permanent economic scarring in certain sectors due to extended lockdowns coupled with rapid technological adoption are two factors that are likely to keep price pressures low. + +**Investors seem quite concerned about rising inflation risk**, which is likely supporting the strong bid for inflation-hedging assets like gold and bitcoin year to date. Adding fuel to the fire, top money managers, like Bridgewater and BlackRock, have been vocal in financial media lately about the risk of a high-inflation regime down the road. A high-inflation regime would be a remarkable departure from the past decade, where inflation was relatively tame even despite ultra-low interest rates and the introduction of unconventional monetary policy tools, like quantitative easing (see chart here: [https://ibb.co/Dt8nVFC](https://ibb.co/Dt8nVFC)). + +Similar to what was observed over the past cycle, I don't see recent policy action leading to sky-high inflation in the future. + +* First, it's important to note that **fiscal and monetary stimulus is a** ***response*** **to a weak economic outlook**. Direct income assistance (i.e. the CARES Act) is meant to help offset lost wages due to extended lockdowns and business closures. Those who believe inflation is going to materially rise would argue that the government built a "bridge too far" - though so far the pandemic has outlasted the duration of U.S. stimulus measures. +* Second, **the pandemic has supercharged the digital economy**. E-commerce is exploding (see chart here: [https://ibb.co/7GQknX6](https://ibb.co/7GQknX6)) - a long-term trend that I believe is likely here to stay. It is well studied that e-commerce is a deflationary force (read more here: [https://www.nber.org/papers/w24649](https://www.nber.org/papers/w24649)). The intuition is straightforward - the internet increases price transparency, lowers barriers to entry, fuels competition, and increases aggregate supply. More online shopping is likely to keep goods price inflation in check for now. This goes without mentioning innovations in the services sector, such as telehealth and online education, which could also keep inflation at bay. + +Lastly, as a professional investor focused on global macro, predicting where the global economy is headed is *hard* and an incredibly humbling exercise. I prefer preparing my own portfolio for a range of outcomes - so while I personally hold *some* gold and bitcoin, I wouldn't bet the farm on a resurgence of inflation in the future. +LIBERO FINANCIAL FREEDOM 🗽 is hidden 💎 + +&#x200B; + +🗽Website: [https://libero.financial/](https://libero.financial/) + +&#x200B; + +🗽Twitter: [https://twitter.com/LiberoFinancial](https://twitter.com/LiberoFinancial) + +&#x200B; + +🗽Telegram group: + +[https://t.me/liberoofficialgroup](https://t.me/liberoofficialgroup) + +&#x200B; + +🗽Telegram channel: + +[https://t.me/liberoofficialchannel](https://t.me/liberoofficialchannel) + +&#x200B; + +Some information about that project + +&#x200B; + +The Best Auto Staking + Defi 3.0 Multichain Farming Protocol + +&#x200B; + +Highest Fixed APY - 158,893.59% + +Automatic Staking and Compounding in Your Wallet! + +Get Rewards Every 30 Minutes / 48 Times Daily! + +Defi 3.0 Multichain Farming to support price floor. + +Rug-Proof: No minter code, Audited by THOREUM & RugFeeCoins + +&#x200B; + +Libero Finance is transforming DeFi with the Libero Autostaking Protocol (LAP) that delivers the industry’s highest fixed APY, compounding rewards every 30 minutes, and a simple buy-hold-earn system that grows your portfolio in your wallet fast with fixed interest of 2.02% per day or 158,893.59% a year without you having to do anything. + +Libero = Financial Freedom + +&#x200B; + +Libero rewards holders with 2.02% daily interest, auto-compounding every 30 minutes, making 158,893.59% APY. + +Simply hold $LIBERO and watch your 1,000 $LIBERO become 1,588,935.90 $LIBERO in a year. Backed by our innovative Treasury algorithm using automatic buyback & burn to support the price. + +The protocol will use Defi 3.0 Multichain Farming to increase the Treasury exponentially at a rate of \~50% a year or more to better support LIBERO price floor. +Can I just ignore their response because legally they can no longer collect on this debt? Should I respond informing them that they did not respond in the required time? Am I mistaken on the 30 day window and they can still attempt to collect on the debt? Any advice would be greatly appreciated. + +I should probably add that after I sent them the first letter (4 months ago) they ignored it and continued to contact me about the debt via telephone and mail despite me requesting them to only contact me for purposes of verifying the debt. I then sent them a second letter a month later, this time through registered mail and included a copy of the first letter. It is this second letter they took 3 months to respond to. +I just got an email from Admiral Insurance telling me that they're issuing everyone with an automatic £25 refund per car since they've been paying out fewer claims due to the lockdown. While I'm glad that we're getting a free 50 quid in our pockets, the cynic in me has been trying to work out if there's any up-side for them, or is this a genuine case of an insurance company just doing a decent thing? +Decent report that brings back the idea that the economy is still expanding even if at a smaller pace. I could still potentially see a rate cut before year's end but it's certainly a smaller chance after this month's report. + + +https://www.cnbc.com/2019/04/05/nonfarm-payrolls-march-2019.html +I’m asking because while all the articles are being pushed down our throats, there’s one little thing that doesn’t make sense to me. + +How will they ‘crash’ when the demand is still there and the supply is limited? It doesn’t make sense, it’s literally economics 101. Furthermore there’s literally a rental crisis, it’s becoming cheaper to own a home and pay off your mortgage than to rent! This would further push people to buy. + +I live in Queensland, currently since April, our little suburb has had 4 new properties be listed. While the demand is roaring, they are listed for less than a few days because they get snatched up straight away. + +To me, this doesn’t make sense? Sure a crash may happen, but not until there’s a supply correction along with a rental correction. + +Supply is limited, demand is high, and yet prices will crash? It feels like a smokescreen. +Mid 20s, single, NW of $1.5M ($1M index funds, $100k real estate equity, $400k cash) + +Gross salary of $200k at top 3 consulting firm with defined promotion / pay path. Assuming 40% savings rate of net salary, and 6% annual investment growth, I’m looking at $5M by 38. + +Now, I’ve been offered a role at a Series E startup - $150k cash and $40k in options annually. + +Assuming the options become worth $0 and I increase my base salary on average 2% a year, I’m looking at $5M by 44. + +Worth stepping off the guaranteed path to $5M by 38, for some variety in my career path, and maybe some new doors in the future, or should I just shut up and stay put with my head down? + +Thanks all! +We all know about the risk of sharing FatFire and having friends/family jealous or leeching off us. But for me, a bigger reason I don’t share FatFire is because I like being ahead of my friends/siblings/coworkers/neighbors, etc. + +It goes back to that old joke. How much is rich? Earning $1 more than your brother-in-law. + +I’m only like this because most of my friends and family are doing well, upper-middle class or higher. If a friend or family member was genuinely hurting I would try to help them as much as I could. + +Anyone else not share FatFire for this darker reason? +In a letter to Meta employees, CEO Mark Zuckerberg stated that + +“Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1, I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted." + +The company also stated that the company would now become “leaner and more efficient” by cutting spending and staff, and shift more resources to “a smaller number of high-priority3 growth areas,” including ads, AI, and the metaverse. + +The company currently employs around 87,000 individuals in contrast meta had 35,587 in 2018, 44,942 in 2019, 58,604 in 2020, and 71,970 in 2021. The company maintained an increase of at least 20% in the workforce annually. + +Stock is up 4% in pre market +Earlier in life I inherited a decent sum of money. I knew it was coming and learned a bit about finance to prepare. When I received the money I set aside 5% or so in cash and invested the rest with a 4 fund portfolio (standard 3 and REIT) that spins off ~2.5% in dividend yield. Out of that yield I pay taxes, replace spent cash, and reinvest the rest. This gives me more money than I care to spend, and I generally spend little time thinking about my finances. + +Here’s my issue. At least once a quarter some VP of whatever from my brokerage custodian calls to pitch me on “upgrading” to full service wealth management. I do not want to do that because I do not think I need to change anything. While 50 basis points would be more or less negligible to me considering my spend, I’m annoyed because 50 basis points of my money clearly isn’t negligible to them. (Damn near the first thing they said this last time was “we’d only ask for 50 basis points.”) + +This custodian shop is both as big and as respected as it gets (which is why I picked them in the first place). If they’re going to treat me like this, I fear going somewhere else would only make matters worse. + +My questions to you all: am I actually missing out on something? Should I fold and have a “team”? I don’t think “take me off the list” is going to work here, but I’d be lying if I said this treatment hasn’t made me think I’m in the wrong. + +TYIA +Earlier in life I inherited a decent sum of money. I knew it was coming and learned a bit about finance to prepare. When I received the money I set aside 5% or so in cash and invested the rest with a 4 fund portfolio (standard 3 and REIT) that spins off ~2.5% in dividend yield. Out of that yield I pay taxes, replace spent cash, and reinvest the rest. This gives me more money than I care to spend, and I generally spend little time thinking about my finances. + +Here’s my issue. At least once a quarter some VP of whatever from my brokerage custodian calls to pitch me on “upgrading” to full service wealth management. I do not want to do that because I do not think I need to change anything. While 50 basis points would be more or less negligible to me considering my spend, I’m annoyed because 50 basis points of my money clearly isn’t negligible to them. (Damn near the first thing they said this last time was “we’d only ask for 50 basis points.”) + +This custodian shop is both as big and as respected as it gets (which is why I picked them in the first place). If they’re going to treat me like this, I fear going somewhere else would only make matters worse. + +My questions to you all: am I actually missing out on something? Should I fold and have a “team”? I don’t think “take me off the list” is going to work here, but I’d be lying if I said this treatment hasn’t made me think I’m in the wrong. + +TYIA +I believe the 3-day delay in posting these insider stock grants was purposeful. What a great way to let your devoted (stalker-esque) shareholders know that all grants are now complete. Yes, only 4 insiders received new grants, and no, they do not represent purchases that would otherwise boost GME's stock price. BUT, I think these Form 4s serve as an indication that ALL employees that were due stock grants have now been issued them. + +So, what's a great thing to do now that all employees have their grants?! Release some big news! Be it the splividend announcement, a stock buyback, the marketplace release, a partnership, a spinoff, or something else, I think this Form 4 release is the perfect indicator that GameStop has their employees taken care of and ready for launch! I mean, do you really think that it is a coincidence that they waited until today, the day before quad witching day, the day before one of the largest options chains expires and GME is already near max pain, the day that just so happens to be on the precipice of everything we've been hyping and building up to? + +Of course this is just hype and hopium, but to me it's worth thinking that GameStop is all systems go and ready to blast off. MOASS tomorrow! +I'm not old enough to know anything outside of this amazing bull run we've had over the last decade or so. No one I know really knows anything outside of "stonks only go up". With interest rates being as low as they are, you're pretty much losing money to inflation currently if you're not invested in stocks. + +For those who lived through some of the major crashes that took years to recover, I'm curious if those crashes changed how you safe guard your money. Are you of the mindset that if things crash and you lose 50% of your portfolio that's fine since you have enough money it won't matter? Or are you more willing to invest in things like bonds/gold even though during these bull runs the market is outpacing these. + +Edit: A lot of insightful answers so far! One follow up question for those that invest in index. I’ve always lived in the US and I assume this subreddit is mostly US based. Is there any fear that the US economy in the future is no longer the super power it is now, and it takes more than a few years to recover (if it ever does to pre crash levels)? Similarly to how other countries economies have faltered long term. Are you putting a lot more in a international index to hedge against this? +If someone said to you: "Life is totally meaningless. We live. We die. So what's the point?" what would your answer be? + +I'm on the verge of fatFIRE. My net worth is 5m+, \~16% of which is my paid-off house. I'm an early 50sF, living in a small 1930s cottage in the woods, near the beach, within commuting distance of a VHCOL area. One child, in college. Money made through a combination of inheritance, income at a FAANG, and index-fund investing. When I do FIRE, I expect my burn rate to be about 120k-150k. My expensive hobbies are travel and home improvements. + +And here's my own answer to the question: You’re right. Life is meaningless. + +“Meaning” is not something that is handed to us as we passively receive it from above or from something outside ourselves. Each of us gets to create it for ourselves. Life is a creative process in which we are constantly making and remaking goals, experiences, thoughts, and feelings that can add up to something, but doesn't need to add up to anything. + +We're here, which in itself if pretty fucking amazing. Most of the universe is nothingness. We’re not nothing, so that's something to celebrate. + +Since you happen to be a not-nothing, a something, a someone who can do things, you might as well do something nice for somebody or something who’s (amazingly) also a someone or a something with you here at the same time and place. + +Learn. Teach. Create something funny or beautiful or sad. Make someone laugh. Take great care of a dog or a cat. Hold someone as they cry. Allow someone else to help you. Raise a child. Plant flowers. Make yourself useful in some way. + +Find your own way, or work on it collaboratively with a partner or friend. It’s pretty freeing to realize that you get to figure it out for yourself. + +As people who've achieved or are striving for fatFIRE, you are already quite familiar with the concept of making yourselves useful. The trouble is that the path to fatFIRE often involves a lot of discipline. Once we reach it, the need for discipline is gone and we can feel lost. + +By remembering that life is meaningless unless we create the meaning for ourselves, we can begin to get a grip on what to do and how to live interesting lives--even while not tied down to a job. + +What would be your fatFIRE answer to the question: "Life is totally meaningless. We live. We die. So what's the point?" +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, I know I keep on saying it, but we are experiencing some exciting moments in the GME Saga. This particular moment feels charged with expectations and potential, and I cannot wait to see what this week brings. Last week, of course, we saw some very intense continued downward pressure by the SHFs, culminating in an enormous number of Puts expiring out of the money. While many of these were ancient by GME standards, and priced expecting the demise of the company we like, they are likely to have been utilized to cover *some* of the shorted shares, and now are no longer able to serve that purpose. + +Also last week, we saw another betrayal of Apes at the hands of Apex clearing. It is clear that Apex cannot be trusted, and while the brokers that use Apex may genuinely *want* to allow Apes to DRS (or Buy, for that matter), they are ultimately powerless as long as Apex is their clearing agent. There is no better time than now to get your investments transferred elsewhere. Even if you didn't plan to DRS your shares via an Apex broker, who is to say that they won't disable the buy or sell buttons in the future? Who's to say that they've actually purchased and delivered your shares? + +This week marks the anniversary of the Sneeze, and many will be watching how things play out from here. I expect nothing short of spectacular amounts of FUD and SHF manipulation. However, our Diamantenhände are stronger than their desire to survive. We will prevail. + +Today is Monday, January 24th, 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: **$105.39 / 92,88 €** *(volume: 3008)* +- 🟥 115 minutes in: $105.32 / 92,81 € *(volume: 2987)* +- 🟩 110 minutes in: $105.45 / 92,92 € *(volume: 2828)* +- 🟥 105 minutes in: $105.36 / 92,84 € *(volume: 2778)* +- 🟥 100 minutes in: $105.46 / 92,94 € *(volume: 2748)* +- 🟥 95 minutes in: $105.47 / 92,94 € *(volume: 2730)* +- 🟥 90 minutes in: $105.53 / 92,99 € *(volume: 2695)* +- 🟥 85 minutes in: $105.54 / 93,00 € *(volume: 2669)* +- 🟩 80 minutes in: $105.65 / 93,10 € *(volume: 2612)* +- 🟥 75 minutes in: $104.93 / 92,47 € *(volume: 2382)* +- 🟥 70 minutes in: $105.07 / 92,59 € *(volume: 2305)* +- 🟩 65 minutes in: $105.17 / 92,68 € *(volume: 2245)* +- 🟩 60 minutes in: $104.85 / 92,39 € *(volume: 1339)* +- ⬜ 55 minutes in: $104.76 / 92,32 € *(volume: 1135)* +- 🟥 50 minutes in: $104.76 / 92,32 € *(volume: 1135)* +- 🟩 45 minutes in: $104.78 / 92,33 € *(volume: 1121)* +- 🟥 40 minutes in: $104.75 / 92,31 € *(volume: 1115)* +- 🟥 35 minutes in: $104.80 / 92,35 € *(volume: 1110)* +- 🟩 30 minutes in: $104.80 / 92,35 € *(volume: 1090)* +- 🟩 25 minutes in: $104.77 / 92,33 € *(volume: 1063)* +- 🟥 20 minutes in: $104.74 / 92,29 € *(volume: 950)* +- 🟥 15 minutes in: $104.77 / 92,32 € *(volume: 888)* +- 🟥 10 minutes in: $104.78 / 92,33 € *(volume: 853)* +- 🟥 5 minutes in: $105.19 / 92,69 € *(volume: 381)* +- 🟥 0 minutes in: $105.33 / 92,82 € *(volume: 104)* +- 🟩 US close price: $106.36 / 93,73 € *($105.04 / 92,56 € 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 1.1348. 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! +How do I establish my bottom price? (If course i won't tell agent). How do I know when to take an offer or keep the place on the market? What are the tricks do I need to be aware of? +Experiences welcome +House is in middle ring Brisbane. +You can fuck right off, + +It doesn't happen often, but often enough to be annoying, this is reddit, not a fucking mailbox missing a 'no junk mail' sticker. We come here to talk about finance and the economy with other Aussies, so no, I don't want to use your binary options trading platform. + +if you or your platform had any kind of success, or you trusted in your platform enough, you'd pay for actual fucking marketing. Your #hustle generation are no different from those annoying fucking assholes in any westfield that sit in the middle of the mall walkway just dying to start a conversation with you that everyone avoids like the plague. + +Finally, picking finance related subs to push your bullshit product isn't going to work when most of us are already finance savvy [https://www.youtube.com/watch?v=IEhHEOIYgMY](https://www.youtube.com/watch?v=IEhHEOIYgMY) + +I'm looking at you Theo Williams with your shitty pitch for binary options trading. +This came up on another post and it turns out it is not well known/understood by perhaps a lot of people. + +Most Australian states provide free dental care to children, most until the end of high school (SA and ACT not quite free). +It varies state to state so I thought I would compile a list of how it works and how to access this care. + +Important note. This is different to the CDBS (child dental benefit scheme) which is $1000 per child every 2 years to be seen for free at a private dentist, which is means tested and not available to all families. Public dental is not means tested, it is available to all children. It is not related to income. + +Differing vastly from the adult public dental service, kids dental service has generally no wait time, offers emergency (toothache) appointments and general check up and clean appointments, fillings etc, and is completely free (except SA and ACT). + +Happy to explain this further as I work in the industry and public dental is very poorly understood by many! + + +Nsw: +Free for all nsw children up to age 18. +Phone numbers listed here +https://www.health.nsw.gov.au/oralhealth/Pages/call-centre-search.aspx + +Vic: +Free for all children aged 0-12. +After age 13 need to be listed on a pension/concession card (or a few other high risk categories listed on their website) +Phone numbers listed here: +https://www.dhsv.org.au/our-services/find-dental-clinics/clinic-search + +Also check out smilesquad.vic.gov.au... +Looks like Smile Squad is the new name for school aged free dental in Victoria. Sorry, Vic website isn't clear!? + + +Qld: +Free for all qld children aged 4 to end of grade 10, no referral needed. Lowers to age 2 with a referral. +Phone numbers listed here https://www.health.qld.gov.au/public-health/topics/oral-health/dental-clinics + +WA: +Free for all school aged children (aged 5 end of grade 11). +Find your clinic here +https://www.dental.wa.gov.au/Find-a-Clinic/?service=gds + +NT: +Free for all children who attend a school, up to age 18. Central Australia phone (08) 8951 6713, Top End phone (08) 8922 6466. + +Tas: +Free to age 18 for all children. +Phone 1300011013. + +ACT: +Free to age 5. +Age 5-14 all children welcome but pay $69 for all that is needed in one treatment plan (still very cheap!) +Phone 02 5124 9977 + +SA: +Available up to age 18 with a "small fee". Website is vague. Sorry for not much info! +https://www.sahealth.sa.gov.au/wps/wcm/connect/public+content/sa+health+internet/services/dental+diagnostic+and+pharmacy+services/dental+services/dental+clinic+locations/dental+clinics+by+service +Edit apparently $40 per year. Cheap! +Hello, individual investors! + +Now that I've dug into 803, I have enough background to go ahead and look into DTC-2021-014, which actually has a lot of helpful supra notes (foot notes) that better explain the NSCC-803 filing. + +I'm still continuing to update the 803 filing as I progress forward. + +As far as DTC-2021-014, this is the Settlement services offered in relation to the SFT service proposed by NSCC on July 22nd. + +Let's dig in: + +&#x200B; + +https://preview.redd.it/0xy0e52p1sd71.png?width=1452&format=png&auto=webp&s=8e6f73479bcb3947c7e43c09e81f3703b4332e17 + +&#x200B; + +https://preview.redd.it/ok5fmlyq1sd71.png?width=924&format=png&auto=webp&s=479f6a8c4f17adf098f886283a0d0885ce8f5280 + +***PURPOSE:*** + +&#x200B; + +https://preview.redd.it/kump07pu1sd71.png?width=1454&format=png&auto=webp&s=654d7fdcf6b0838a75a7c949bcbe5ded46e0ad17 + +What we can gather from the slide above: + +1. All SFT transactions between a Sponsored Member and its Sponsoring Member would settle on the books of the Sponsoring Member. +2. Sponsored Member = Buy side entity +3. Sponsoring Member = NSCC Member who sponsors the entity for the SFT service. +4. **This proposed rule change by DTC does not relate to Sponsoring Members, Sponsored Members, or their SFT transactions at NSCC.** +5. These SFT transactions and the related activity would occur outside of DTC and would not settle at DTC. +6. The term “NSCC SFT Counterparty,” as used in this filing, does not refer to Sponsored Members or Sponsoring Members. + +**The Proposed Rule is trying to accomplish the following:** + +***(i) expand the types of instructions that NSCC, as the representative (“Special Representative”) of each Participant that is also a member of NSCC, can submit to DTC on behalf of a Participant with respect to an Account of the Participant*** + +&#x200B; + +https://preview.redd.it/yb1ht4ot2sd71.png?width=1448&format=png&auto=webp&s=3b5dc5b4d908518f41a97af4837d0478af76cf07 + +What we can gather from this slide: + +1. The NSCC SFT SERVICE *would be* ***separate*** from the CNS account. This is GOOD\*\*, as the CNS Settlement System was used in the OLD "stock lending" program, which was a vehicle for manipulation.\*\* +2. NSCC has additional authority to submit instructions to DTC with respect to ***DVP*** and ***SFT PD*** transactions from the Account of the Participant to the NSCC SFT Account. + +================================================================================== + +***(ii) establish a new type of payment order for the crediting and debiting of payment amounts relating to SFT activity at NSCC (“SFT Price Differential” or “SFT PD”)5 to and from the Accounts of the Participants that are NSCC SFT Counterparties*** + +**SFT PD TRANSACTION:** + +***Securities Financing Transaction Price Differential*** *is A method whereby a seller charges one amount for the immediate cash payment of merchandise and another amount for the same item or items when payment is rendered at a future date or in installments.* + +The immediate payment price is called the *cash-price;* the later price is known as the *time-price* or *credit-price.* **The** ***time-price differential*** **is the difference between the two prices.** + +Read more: [Time-Price Differential - Payment, Immediate, Amount, and Cash - JRank Articles](https://law.jrank.org/pages/10788/Time-Price-Differential.html#ixzz71ppCeM5t) [https://law.jrank.org/pages/10788/Time-Price-Differential.html#ixzz71ppCeM5t](https://law.jrank.org/pages/10788/Time-Price-Differential.html#ixzz71ppCeM5t) + +**DVP TRANSACTION:** + +*Delivery versus payment (DVP) is a securities industry settlement method that guarantees the transfer of securities only happens after payment has been made.* ***DVP stipulates that the buyer's cash payment for securities must be made prior to or at the same time as the delivery of the security.*** + +&#x200B; + +https://preview.redd.it/3rzs1a7i5sd71.png?width=1403&format=png&auto=webp&s=6eb306f65932f1b1dad85df9d14384bb16ae4c61 + +We can gather that in respect to DVP Instructions, NSCC would submit: + +*(i) one instruction on its own behalf,* ***with respect to the NSCC SFT Account*** + +*(ii) one instruction on behalf of a Participant as its Special Representative,* ***with respect to the DTC Account of the Participant*** + +Accordingly, in order to effectuate a DVP transaction between Participants that are NSCC SFT Counterparties to an SFT, NSCC would send DTC a pair of DVP instructions: + +*(i) one instruction, as the Special Representative of the Participant that is an NSCC SFT Counterparty, to deliver the subject securities versus payment from the Account of the delivering Participant to the NSCC SFT Account* + +*(ii) one instruction, on NSCC’s own behalf, to deliver the subject securities versus payment from the NSCC SFT Account to the Account of the receiving Participant that is the other NSCC SFT Counterparty* + +================================================================================== + +***(iii) apply a modified lookahead process to the new Account that NSCC would maintain at DTC in connection with the NSCC SFT Service (the “NSCC SFT Account” or “Special Representative SFT Account”)*** + +&#x200B; + +https://preview.redd.it/ikcf68ds6sd71.png?width=1334&format=png&auto=webp&s=d2a53e2f95e38eb814f2484170203199bf48b851 + +The look-ahead processing is nothing new. They're just modifying it for a few reasons: + +1. To accommodate the proposed SFT Service. +2. To prevent transaction blockage from occurring due to risk management controls on the NSCC SFT Account. +3. To ensure that there are no net settlement obligations against the SFT Account + +&#x200B; + +https://preview.redd.it/ndc3bgkz7sd71.png?width=1443&format=png&auto=webp&s=4c7598bc97cc27f5215b6d667c499a840d335d81 + +The aforementioned order types, SFT PD, and DVP, would only be completed if the Modified Look-Ahead is satisfied. The Look-Ahead would be satisfied if: + +*(i) the pair of instructions from NSCC are consistent in terms of the number of subject shares and/or dollar amount, CUSIP, and DTCC Reference ID* + +*(ii) the net effect of processing the instructions would not violate the respective Net Debit Caps, Collateral Monitor or other risk management system* + +***(iv) establish a fee for the payor and payee of an SFT Price Differential payment order.*** + +&#x200B; + +https://preview.redd.it/gj5mq9359sd71.png?width=1430&format=png&auto=webp&s=cce04d002cd2ac070ca9d27d070ef50b24a9f599 + +From this, we can gather: + +1. DTC is proposing the lower fee for SFT Price Differential payment orders because setting payment obligations for cleared SFTs would require a **HIGHER VOLUME OF PAYMENT ORDERS** than would otherwise be required for settling payment for **UNCLEARED SFTs.** +2. **SFT SERVICE IS NOT BILATERAL -** meaning all SFT Transactions will be approved, and cleared accordingly. +3. **NSCC** at this time is unable to anticipate the size and composition of the SFT portfolios and activity. + +================================================================================== + +&#x200B; + +TL;DR + +NSCC-803 / NSCC-010, and DTC-014, as well as FINRA notice 21-27 all came out on Thursday, July 22nd. + +This filing pertains to the settlement of bi-lateral, or UNCLEARED SFTs OUTSIDE of the NSCC, as the NSCC SFT service will only allow cleared and pre-approved transactions. + +It relates to the counterparties of the NSCC SFT Service, or entities otherwise unable to use the NSCC SFT service. The DTC anticipates more volume from CLEARED SFTs than uncleared SFTs, and have also modified their risk controls to ensure the SFT Service runs smoothly. + +The fact that we saw this, NSCC 803, 010, and FINRA notice 21-27 jacks my tits. + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ +It's enticing af seeing good gains for a few days/weeks and thinking you have it all figured out and then getting greedy thinking your strategy is flawless, and then taking trades you shouldn't/holding plays way too long + +Anyone else experience this? +So, I’ve had a thought recently about how it would be if the market was open 24/7. + +I think there would be sufficient liquidity for most of the time; the US market is one of the most extensive and prominent in the world. In fact, I live in the UK and I actually like the US market more than the UK one, due to the stocks and the reliability of it. So, since there’s always global demand, I think we’ll have constant trading happening no matter the time. + +However, I enjoy the feeling of being able to sleep without the risk of waking up and seeing some stock has crashed 20% overnight. + +I’m personally in favour of keeping the market with distinct opening and closing times, but I wanted to hear other people’s opinions on it. +The usual meaning is an investor with high networth and/or knowledge who would have more flexibility in investment regulations. + +* The approval was done on June 29 by the Board. [https://www.sebi.gov.in/media/press-releases/jun-2021/sebi-board-meeting\_50771.html](https://www.sebi.gov.in/media/press-releases/jun-2021/sebi-board-meeting_50771.html) +* It would take some time for the policies to be framed. +* From the minutes, " Accredited Investors shall have flexibility to participate in investment products with an investment amount lesser than the minimum amount mandated in the Alternative Investment Funds (AIF) Regulations and Portfolio Managers (PMS) Regulations. " This may sound counter-intuitive though +* The consultation paper for this was sent out in June and is at: [https://www.sebi.gov.in/reports-and-statistics/reports/feb-2021/consultation-paper-on-introduction-of-the-concept-of-accredited-investors\_49269.html](https://www.sebi.gov.in/reports-and-statistics/reports/feb-2021/consultation-paper-on-introduction-of-the-concept-of-accredited-investors_49269.html) +* This is what most people want to know :-) , the implementation may change this though: " + +1. Annual Income >= INR 2 Crore; OR 2. Net Worth >= INR 7.5 Crore with not less than INR 3.75 Cr of financial assets ; OR 3. Annual Income >= INR 1 Cr+ Net Worth >= INR 5 Crore ; with not less than INR 2.5 Cr of financial assets; " - Basically USD millionnaires +The intelligent investor never stops reading. This is a thread to share articles, books, research papers, newspaper reports, television clips, podcasts, interviews or anything of interest that you are catching on over the weekend. + +Are you a starter in investing? Then, here is a list of recommended books: + +* Stocks for the Long Run, Jeremy Siegel +* Learn to Earn: A Beginner's Guide to the Basics of Investing and Business, Peter Lynch +* One Up On Wall Street: How to Use What You Already Know to Make Money in the Market, Peter Lynch +* The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments, Pat Dorsey +* A Random Walk Down Wall Street – The Time–Tested Strategy for Successful Investing, Burton G. Malkiel +**United States** - + +[Stocks plummet as yield curve inversion triggers recession fears ] (https://www.businessinsider.in/Stocks-plummet-as-yield-curve-inversion-triggers-recession-fears/articleshow/70680789.cms) + +**United Kingdom**- + +[UK one step away from first recession since financial crisis](https://news.sky.com/story/uk-recession-depends-on-state-of-business-confidence-ahead-of-brexit-deadline-11780745) + + +**Germany**- + +[Germany on brink of RECESSION: Merkel in crisis amid cars, tariffs and Brexit turmoil] +(https://www.express.co.uk/news/world/1165485/germany-economic-crisis-Germany-GDP-recession-Angela-Merkel-brexit-eurozone-news) + +**Singapore**- + +[Singapore economy tipped for for recession as US-China trade war slams imports, exports, manufacturing] +(https://www.scmp.com/economy/global-economy/article/3022526/singapore-economy-tipped-recession-us-china-trade-war-slams) + +**China**- + +[China slowdown persists as industrial economy posts worst growth since February 2002] +(https://www.scmp.com/economy/china-economy/article/3022685/china-slowdown-persists-industrial-economy-posts-worst-growth) + +**France**- + +[Emmanuel Macron nightmare as production plummets in France in threat to euro] +(https://www.express.co.uk/news/world/1164134/macron-news-france-economy-production-euro-eurozone-EU-news) + +All of this countries + India contribute to 50%+ of world GDP +This must be an absolute 101 first day of class type question here, but please help me understand. + +I have some debt out there and want to know what makes most sense to pay off aggressively, first. + +I have a Mortgage for $170k at 3.3%, a car loan of $7k at 5%, and lets just say a student loan of $40k at 4%. If I had an extra $500 a month to put towards these loans, what would make most sense? + +On one hand, I feel like the car loan is closest to being paid off completely, AND the highest interest rate. But on the other hand, the interest on the mortgage FEELS like it's worse because it's more money in interest each month. + +Advice would be appreciated, I am very dumb. +This is a great kid we’ve helped years. I met him as a coach and youth group leader when was in high school. He was given up on by his adoptive parents and we had him stay at our house for the rest of his high school years. + +He’s always worked really hard in life but simply has nobody supporting him. He’s worked construction since high school and is trying to get into a union that will give him formal trade training. + +He has 2 young kids that he’s had with his girlfriend, he works hard to support them and is a good dad. + +He called tonight because his adoptive dad is on hospice and he’s there supporting him. (Even though they set him off and effectively cut him out of any will or family inclusion, he never holds any ill will against them so of course he’s over there saying goodbye to his adoptive father). + +My wife and I have 4 young kids. We’ve done well with investments and rental properties and have no debt. + +Her and I have talked all year about commuting to help him and his kids both as part of our family and financially. I’ve done some research on this a bit but I’m wondering what you think would be the best financial ways we can help. + +For a bit of background he has no current investments, retirement and only 2kish in savings but has constant work. He has not received any college help, trade school training or financial coaching. + +Thanks everyone + +Edit - + +Just want to say I appreciate you all. My wife and I have written down and taken note of all your ideas and tips. Cheers +Hi all, I had a quick look in the trading sub but it all looked a bit serious and complicated. I have been following the ongoing Elon Musk/Tesla situation and thought it would be fun to buy a few shares. I’m not looking to make money and would only spend what I can afford - a bit like gambling. + +Could anyone point me in the direction of a method I could use from my tablet \phone or is it not as easy as that? Would I need to sign up to say Hargreaves and Lansdown? + +Thanks in advance for any tips. +I'm so frustrated. They had me working 3 shifts before Christmas but when I checked my schedule today all of the shifts were gone. I asked my manager and they said they had to cut hours. + +I'm already behind on rent and know I won't be paying rent for January until mid-January where my entire student loan refund check will go to back rent. I'm also behind on several other bills and am in need of gas, food and dog food as usual. + +I just turned down another job because I felt I couldn't balance both because this place was finally starting to give me hours. I'm beyond pissed. The fact that I could sit home and make more getting unemployment is crazy to me. + +Thanks for letting me rant as usual... hopefully y'alls days are going better than mine. + +Edit: I didn't expect this to blow up. Thank you for all of your kindness and advice. It also helps a little to know I am not alone. I appreciate you all and happy holidays. +So I was going through twitter and I saw a post that said " would you accept a 12% risk free return every year" and the replys to that amazed me. Almost everyone said no I couldn't believe my eyes. They all thought that they could do better than that. If they can do better then they should be working for JP Morgan or some big hedge funds earning millions a year. + + +A 12% return every year risk free is amazing I would accept that any day but what do I know. theres people on twitter that are apparently better than warren buffet and they think they can do like 20% every year. +Everyone has a unique story and struggles that are individual to them. ***I don’t want to know why you aren’t rich.*** I want to know why you’re in the place you’re currently in financially and what put you there? + +The title is somewhat inflammatory, because I’d like this post to receive some attention so I can genuinely understand the mindset and issues faced by those on this sub. + +I am not in poverty, but ***I have been*** and don’t want to be viewed as “rich people giving poor people advice when they’ve never been poor” as I saw a post on my feed about that. I’m not giving advice—I really really want to understand, because I know it’s hard… and only getting harder escape poverty. + +Edit: Thank you to those of you who are taking the time to answer and help me understand. And for those who have upvoted to keep this post from being negative. I really appreciate you each individually. + +Edit: Seriously, thank you for sharing your stories and current/past situations with me. I’m learning a lot of things that never even crossed my mind as a possibility. +I have an obligation in about 10 minutes that will keep me from replying for the next hour, but please continue to share. ***I will read every single comment on this post.*** And I’ll continue replying as soon as I can get back on. +Happy V Day, ThetaGangers and Gangettes. Since I’m bored and waiting for my pre workout to kick in, I figured I’d see what stocks you all have been trading/wheeling lately. I’ll go first. + +* HYLN + +* RKT + +* DKNG + +* MU + +* AMD + +* BB + +* NET + +* CRSP + +* PLUG + +* MSFT + +* AAPL +I’m pretty new to thetagang still and because I wanted to protect myself from too many unknowns, I’ve only ever been selling weeklies far OTM for anywhere between 5-10 dollars here and there. For fun, I looked at what happens when I zoom out half a year on these options… + +My jaw dropped from seeing how juicy the premiums were on selling long dated puts on AAPL. + +For example, let’s take January 20, 2023, 140 dollar strike + +I’m using IBKR and it shows that I would lock up roughly 2400 dollars of margin. + +In return, I get a whopping 4.70 premium as of this time. Nearly 500 dollars to make a bet that AAPL will close above 140 by January? I’d say that’s a very good bet. + +And if I do lose this bet and get assigned, I can also begin selling covered calls? Assuming AAPL doesn’t just continue to drop this seems like an incredibly good idea… + +Isn’t this too good to be true? Or am I missing something big here? +UPDATE: + +After a level headed discussion with a supervisor from PM, he explained that my escrow was reassessed in January and the amount increased. Because I didn��t change my bill pay to reflect that, I was essentially short $18.09 every month since March. The money went into a “holding account” until I could make a full payment each month. So this past month, the money was released which is why my credit score took a dip all at once, instead of at intervals after each months shorted payment. + +I’d like to say I would’ve caught it after the first month when my credit took a dip, but still, I’m feeling rather foolish for not paying closer attention. + +Thank you all for your kind words and suggestions. Lesson Learned + + + + +As the title suggests, I received an email this morning saying PennyMac sent my loan to collections for late payments. I’ve never missed a single one. I was fortunate to not have been affected by COVID in terms of employment so I chose to continue making payments. + +As a result, my TransUnion Credit Score dropped a ridiculous 130 points. I’m planning on filing a dispute, but was curious if anyone had any experience fighting something similar and what should I expect. + +Any tips on what to have prepared, or anything to send in would be appreciated + + +Cheers +I've read quite a few publications lately all suggesting the property market is showing signs of slowing (i.e. due to interest rate hikes, people booking overseas holidays etc). But I can only think this must be a generalisation aimed at Sydney and Melbourne. In Brisbane at least things seem to be even crazier than they were before. We're seeing more people at inspections, prices increasing further, and properties under offer even before the first inspection. + +As an example, partner and I placed an offer on a [small townhouse in Northgate](https://www.realestate.com.au/sold/property-townhouse-qld-northgate-137713970) that was seeking offers over $545k. Agent called us back saying they had multiple unconditional cash offers over $650k. A few days later it sold for $675k. + +It's all anecdotal evidence I know, but curious if anyone else on the hunt in Brisbane is seeing the same thing? +Morning everyone, + + +I am well aware given the travel bans overseas travel won't be happening anytime soon but I am asking more for future consideration. It's something I am heavily considering nowadays because I feel like there is truly nothing keeping my in Sydney and my future job is very transferable. So if you have or currently are doing Fly In Fly Out work or international contracts overseas, regardless of industry/occupation or if you were sent by your own company or a separate agency/organisation; from a financial and life experience point of view was it worth it ? Did you feel like it gave a step ahead of everyone else ? What was the lifestyle like ? How did you set up your finances/accounts/taxes/investments/super (this applies more to expats and nomads) ? Any other tips or advice would be greatly appreciated . + + +Thank you have a great day. +Hi guys, I often read about people here claiming to have big salaries in the UK (>40k per year, often more). Yet I have read that the average salary in the UK is around 30k per year. I was curious about which kind of job allows people to get a >40k salary. +Anytime you see hype posts, especially those who use font overlays such as [this](https://i.redd.it/bxu4jn1bz2801.png), [this](https://i.redd.it/0dcp7ya3d2801.png), or [this](https://i.redd.it/3xo2yjsoo1801.png). Remember to fight the urge to fall victim to FOMO. The frontpage here is mostly shilling of various coins, many of which only have value because of strong marketing and not due to their actual tech. If it's not a shill post then it's someone asking for people to spoon feed them coins to invest their money in, typically they are pushed the same coins being shilled. "Name you're top 10 coins of 2018" or "Which coins are expected to surge in price soon?" etc. Remember this tip, once the general public knows about something, most of the money has already been made. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +EDIT: Done \*\*Working\*\* in 2.5 years! + +EDIT2: I am realizing that I did not make clear our income history. We have only gone over $100k combined in the past couple of years. Up until 2016, we were under $100k combined - between $83 and $97 for many years as we got the business going. + +# THE MILESTONE + +My partner and I made it to the $1 million milestone invested. See [pretty graph here](https://imgur.com/6Bs2wnh) \- I've gone back to 2009, I don't really have numbers or remember before this. Net worth is just under $1.8 million if I add in home equity and kids' college accounts. It feels good for sure, but I'm not jumping up and down. I don't know if it's the pandemic or what, but I figured it was worth a post here with a breakdown of how we arrived to make me feel more accomplished and maybe help someone get inspired! + +# THE FAMILY + +My partner and I have been married since 2007, two kids (3rd grade and pre-school). We have never made more than \~$165k combined, and some years were quite a bit less. I graduated college in 2003 and started saving then. We both work in a business we started together. + +# THE PLAN + +We are going to retire at the end of 2023. I just set a date when my older kid was young and decided to make it happen. No more one more year type of thing here. One more year at my current age is much too valuable to give to working! + +We are going for a coast type of retirement, where we will do odds and ends for cash when we feel like it. My partner will have a really hard time not creating something. I don't have exact plans for how much we need to make, but the first year will be nothing just to decompress! I will not consider it a failure if we need to work again before 65. Now after that, I will want to be fully supported. There are so many variables to consider, that I'm just going to take the leap and then adjust after. I feel that I can easily make more money in many different ways as long as I am still relatively young. I think a lot of people get paralyzed by the unknown and modeling every way this could go, but life is crazy and I feel far from guaranteed a long healthy life. + +I'd like to say we can cut a lot of costs when we retire, but probably not that much. We can drop down to one modern car (not counting our classics, a 15-window VW, an oval rear window Bug, and a 34 ford). Maybe less on groceries/eating out? We also have about $600k of equity in our home, bought in Sept 2010, so moving outside the city is an option. If things got tough, we could certainly trim A LOT of fat from the budget, but I'm trying to be realistic about spending. + +We are planning on putting our business up for sale at the beginning of 2023, and hopefully, have it sold/ transitioned by the end of 2023. If I use 3-5x profits, we might get around $400-650k for it. We are also building a second leg of the business which has the potential to make it a lot more valuable. But we only have 2 years to do it! + +Looking at our spending puts us at \~$2.2 mil for the famous 4% rule. We will likely have \~$1.9, which means about $76k covered and $14k needing to come from somewhere. + +# SPENDING/ BUDGET APPROACH + +We took a middle-of-the-road approach: we cut down on spending overall, yet still spent for all sorts of things. We took some big trips (Egypt, Morocco, Hawaii, England/Wales, eastern Europe, Caribbean), lots of small trips to see friends (Nashville, Florida, Austin, Montana, SoCal, Chicago). We get down to Mexico every year to just relax. We had a big wedding - mainly because we are from different countries so it was a gathering of people from all over. It was totally worth it, having all these people in our lives getting to spend one crazy weekend together. Before kids we did a lot of concerts, we still go, just the ones that are really worth it. + +Our [actual spending numbers for 2020](https://imgur.com/IT1I4OA) and [for 2019.](https://imgur.com/LDyXUEQ) At this point, I don't enter numbers every month or really check our spending too much. It's more or less on autopilot. + +Things we did cut deeply on: + +* our house. the bank would have let us spend much, much more. We got a lower-end fixer-upper house. Did most of the renovations ourselves and got it just how we want it. +* our daily drivers: picked a budget and stuck to it for each of our daily drivers. We went for stuff that was big enough to fit kids and gear, had mechanics check them out, bought from private parties to save even more. +* clothes: kids get second-hand clothes, toys, and books. Even a lot of baby gear that we weren't gifted we got second-hand. We only buy ourselves new clothes when we really need them. +* furniture: we bought a couple of things, but a lot is from family. For both kids' rooms we didn't buy a single piece of furniture. We've upgraded a few pieces (dining table) since we've been in this house a while. +* electronics: one TV is plenty, had it for about 8 years now and still looks great. Phones we never buy through the carrier, since they always get you on the fees. We are both tough on our phones, so we get durable ones that are fast. I don't care about much else. We have an $80/ month plan for unlimited everything for 2. +* daycare: we made our schedules work, plus help from family one day/week so that we didn't need daycare. Our older one did some before/after-school programs to help fill in, but those were very affordable. + +# HOBBIES + +Hobbies are hiking, camping, the gym and group sports, learning languages, and the aforementioned car collection (not a cheap hobby!). Hobbies for after retirement are relearning guitar, cycling, and golf. Those just need too much time for us to dedicate right now. Also reading more books! We also want to spend more time with the kids, coach their activities, volunteer at school, and do things like that that I don't have time or mental capacity to handle. + +# INVESTMENTS + +Mostly a set it and forget it type of thing. [You can see my returns here](https://imgur.com/jWqL6Wh) \- again I didn't have much data before 2009, so the returns from investments may be off a bit, but can't be too bad. I am in 27% bonds right now, been upping that now that we are approaching the date. My plan is to get up to 35-40% bonds at retirement and use an ERN-style glide path in retirement. + +I say mostly hands-off, but I got sucked into Robinhood last July (I actually ditched Robinhood and moved to Tastytrade this year) and have been trading options for the past year. I put in $20k as play money and have done pretty well. Obviously, I could afford to lose it, but I'm not doing WSB YOLO stuff. + +&#x200B; + +TLDR: Hit a milestone, so I made graphs cause I know you all love those. All my graphs/ numbers are here [https://imgur.com/a/mu8edQ0](https://imgur.com/a/mu8edQ0) + +Input, thoughts, questions are welcome. + This isn’t a new stance for the 97-year-old vice chairman of Berkshire Hathaway. In May, during a Q&A session at Berkshire’s annual shareholder meeting, Munger said that [his dislike for bitcoin increased](https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html) amid the Covid-19 pandemic. + +“Of course [I hate the bitcoin success](https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html),” he said. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.” + +“I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization,” Munger added. +[https://www.cnbc.com/2021/12/03/charlie-munger-wishes-cryptocurrency-didnt-exist-admires-chinas-ban.html](https://www.cnbc.com/2021/12/03/charlie-munger-wishes-cryptocurrency-didnt-exist-admires-chinas-ban.html) +The last of the big 4 to do so. + +With settlement in July, thanks to the suggestions from this sub I'm glad I paid for rate lock! Saved myself $4000 in interest over the 4 year period. +My buddy wants to meet for lunch every other week or so. While my RE date is set, I am still working, so I'm probably not too focused on cash flow at the moment. + +I mentioned to my wife that I'd probably stop having lunch every other week with my friend once I RE. She replied with "then don't retire. I don't want to live like that". + +She's totally right. We are spending that much money today and doing just fine. That does not change simply because we retired. + +Question for those who have RE'd already - do you think about this type of spending differently than when you were working? +Freetade + +outside of UK cost - 0.45% \* 2 = 0.90% (buy and sell conversion rate) + +stamp duty UK stocks (UK government) - 0.5% (only once) + +Meaning you need to make at least 0.90% to break even if you bought a stock outside of UK and 0.5% if bought inside the UK which if you're using the app you don't notice that there is a conversion rate that the app is taking making me think that I'm making more money then I thought. + +Is there a better option than using Freetade? +Bit of a moral dilemma here. + +My fund manager called me a few months ago and suggested that I increase my risk profile by a few points (per a questionnaire I filled out). I agreed, signed some documents and was under the impression my portfolio had been rebalanced. + +As it turns out, they has an admin failure and did not rebalance. The result: my overall position was -£40k on what it would have been if it had been rebalanced per the instructions. + +I wonder what the collective wisdom is here? + +1. Throw toys out the pram. Make the company liable for the loss in gains. +2. Mistakes happen, for get it and build up some goodwill with the fund manager for the future. +First off, huge shout out to u/TheeHumanMeat for finding the article Dr. Trimbath mentioned using The Way Back Machine. Find his post here : + +[https://www.reddit.com/r/Superstonk/comments/n1hjb3/i\_spent\_3\_hours\_searching\_for\_the\_bob\_drummond/](https://www.reddit.com/r/Superstonk/comments/n1hjb3/i_spent_3_hours_searching_for_the_bob_drummond/) + +Now, if you are anything like me, you loaded that pdf and your eyes started to glaze over. I forced myself to read it in its entirety and am here to give you the ELIA because it really... really... matters. + +https://i.redd.it/jh8eo4x458w61.gif + +**"One share does not always equal one vote in the crazy math of proxy contests. When short sellers borrow stock, investor democracy can be a sham."** + +Did your alarm just go off? Are we FUK? No, we got this but you need to keep reading. + +**"In a little-known quirk of Wall Street bookkeeping, when brokerages loan out a customer’s stock to short sellers and those traders sell the stock to someone else, both investors are often able to vote in corporate elections."** + +I was under the ape assumption that shorters can not vote directly with the borrowed shares and this is technically true but when they sell the shares to a new broker, that broker now magically has shares that CAN VOTE. + +https://preview.redd.it/mmtfysl9t7w61.jpg?width=2005&format=pjpg&auto=webp&s=4561031c6194b49c1797854a0534bfcf14470752 + +**"In close contests with little room for error, the results of high-stakes company decisions may hinge on the invisible influence of millions of votes that shouldn’t be counted"** + +Now, while GameStop is not voting on a radical decision like a merger or sale, we are electing Ryan Cohen as Chairman as well as electing/confirming other board members. + +&#x200B; + +https://preview.redd.it/q6ra3hnbv7w61.jpg?width=500&format=pjpg&auto=webp&s=08975a5d9537759e5c8f86140daa7947e85cebcc + +Jane Goodall over here cutting right to the heart of the matter. Brokerages are neutral parties looking out for #1. Why rock the boat when the passengers are sleeping? + +The article gives some great historical examples of when and how this matters. Here are just a few. Its also important to note they do not need to be extreme discrepancies. With growing scrutiny on synthetic shares being used in proxy voting, economic terrorists only need to identify the sliver of winning margin required to push companies down the path they choose. + +https://preview.redd.it/dt9nd4x8x7w61.jpg?width=2004&format=pjpg&auto=webp&s=9ac140480a12f5baffd32182ea6aa712b7555aa6 + +As we well know, short interest is mostly self reported. Because of this myself and others are pulling out their hair trying to figure out ways to determine how many synthetic shares exist or as I personally like to call it the pH(loat). + +**"The only published figures that permit estimates of lending activity for any individual stock are contained in monthly short-interest disclosures by the NYSE, Nasdaq and American Stock Exchange. Those reports show how many of a company’s shares are out on loan to short sellers as of a single day in the middle of each month. Short-sale levels aren’t made public for other times, such as a record date."** + +Here is where things can and will be different this time. This isn't 2014. The apes are watching, hell the world is watching. That said, not a single one of us can afford to be complacent. + +**"The arrival of millions of duplicate ballots in a corporate election would be more obvious if not for one fact: In many elections, up to half of all stockholders don’t participate, leaving plenty of leeway for brokerages to permit voting of borrowed shares without going over the maximum number of eligible votes."** + +Let me repeat that for emphasis + +# "In many elections, up to half of all stockholders don’t participate" + +Let that sink in. We have a confirmation bias problem on this subreddit. I get it, I am an active participant. It's easy to sit back with our smooth brains, smash that buy button and think our mods and godlike DD authors will take care of everything but we NEED TO GROW WRINKLES. + +You want a rise of the planet of the apes? It needs to begin with one simple word. + +&#x200B; + +https://i.redd.it/8b5m89k018w61.gif + +What now? What do? + +You absolutely, 100% need to do everything in your power to vote. + +I am talking to you US share holders that already have the ability but put it off because, "Hey there are hundreds of thousands of apes here I'm sure they got it covered" + +I am talking to you Robinhood holders (god damnit you guys, seriously?) who got an email from them the other day and the vote looks a little fishy so you put it off. + +I am talking to you PFOF, cashapp, webull, etoro wtfever else rando app holders that were told you cant vote because of blah blah blah. Email/Call customer service. Make a stink. It doesn't matter if you end up being able to or not. Apply pressure. + +I am talking to you UK apes who think you cant vote because you aren't in the US. + +# List of brokers currently allowing proxy vote with instructions how to do so + +[How to vote with Questrade](https://www.reddit.com/r/Superstonk/comments/mxucpw/how_canadians_using_questrade_can_vote/) + +[How to vote with iWeb](https://www.reddit.com/r/Superstonk/comments/n1qkw3/uk_apes_iweb_allows_voting_you_have_to_get_in/) + +[How to vote with DeGiro](https://www.reddit.com/r/Superstonk/comments/mwz1ro/how_to_vote_with_degiro/) + +[How to vote with SwissQuote](https://www.reddit.com/r/Superstonk/comments/mwzcnr/how_to_vote_for_swissquote_users/) + +[How to vote with Revolut](https://www.reddit.com/r/Superstonk/comments/mxl3kk/how_to_vote_for_revolut_apes/) + +[How to vote with TD Ameritrade](https://www.reddit.com/r/Superstonk/comments/mwyxwk/boredom_is_killing_me_so_i_decided_to_find_out/) + +[How to vote with WealthSimple](https://www.reddit.com/r/Superstonk/comments/mzg4s0/wealthsimple_shareholder_voting_howto_for/) + +[How to vote with CommSec](https://www.reddit.com/r/Superstonk/comments/mzc5pz/how_to_proxy_vote_gme_trading_with_commsec/) + +[How to vote with Robinhood](https://www.reddit.com/r/Superstonk/comments/n0s1r0/how_to_vote_with_robinhood_a_picture_book_for/) + +[How to vote with Hargreaves Lansdown](https://www.reddit.com/r/Superstonk/comments/mnfg5y/how_to_vote_for_uk_on_hl/) (This may not be accurate - [See follow Up](https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/) ) + +[How to vote with E Trade](https://www.reddit.com/r/Superstonk/comments/mwya8d/etrade_get_your_control_number_call_or_live_chat/) + +[How to vote with Cash App](https://www.reddit.com/r/Superstonk/comments/mxywc9/cash_app_sent_out_proxy_vote_info_just_got_an/) + +[How to vote with Schwab](https://www.reddit.com/r/Superstonk/comments/n1qhtb/how_synthetic_shares_can_destroy_proxy_voting/gwf4iec?utm_source=share&utm_medium=web2x&context=3) + +[How to vote with Merrill Edge](https://www.reddit.com/r/Superstonk/comments/mx66fe/proxy_voting_instructions_for_apes_on_merrill_edge/) + +**"One solution would be for Wall Street brokerages to clearly disclose who can and can’t vote in corporate elections. Until that happens, double and triple voting on one share will continue to make a mockery of shareholder democracy"** + +Now I'm sitting here on my ass waiting for Fidelity to release proxy vote materials. Why is it taking so long? Maybe they are just old school. Maybe it's a complete shit-show. But maybe, just maybe they are working on the solution quoted above. Probably just a pipe dream I know but I can't help but hope. + +&#x200B; + +**TLDR:** read the post its really importa... just kidding. VOTE. Not just because you want to help Papa Cohen potentially expose the short interest but because you believe in the direction he is taking the company and you don't want hedge fuckery to get in the way. Vote like your future depends on it because it just might. + +&#x200B; + +Did you make it all the way down to the bottom? Well done Ape! Now scroll back up and give u/TheeHumanMeat some love on his post. He deserves it. + +Did you grow a wrinkle? Have... + +https://i.redd.it/01q2q0ht38w61.gif + +Go read the actual PDF to catch up on historic examples and some more FIRE Dr. Trimbath Quotes + +And the link to the actual PDF here: [https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf](https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf) + +**EDIT 1:** Getting a lot of questions about apes with "Portfolio Diversity" having shares at multiple brokerages. **ABSOLUTELY VOTE WITH EACH BROKERAGE.** They have no idea how many shares you have split between the platforms. +So, about 2 months ago, I posted about [how my savings rescued me](http://www.reddit.com/r/personalfinance/comments/30izxg/can_i_post_a_triumph_even_if_it_isnt_thursday_i/) from a really expensive car-breakdown-disaster. According to that post I had/have been living from paycheck to paycheck up until like January, and I was just starting to figure out my saving routine as of March. + +I checked my accounts today and I have *$2500 to my name.* It's crazy; in March, after those car repairs, I would have been looking at like $1000 in total assets, *maybe,* but today I have $2200 in savings and I feel SO AMAZING. + +I'm still keeping a piggy bank for change and the occasional cash I end up taking out for some reason and not using. I also have been putting my tips from my night job *straight into savings*, so that's $250 a week for the past four or five weeks. Now that I've quit one of my jobs with the hope of going back to school, I have my total expenses in mind and I'm still going to be able to put away $400-$500 a month in savings and I'll survive. If I want to pick up another part-time job I would go back to putting one job's income into savings and living sparingly off of the other job. But I can't get over this, guys... I might not have huge problems but I really see this little victory as something big for someone who's always struggled with emotional spending! :) +For people who have liquid funds as the debt component of their portfolio, are you still holding on to it ? (Returns are pretty low right now) + +If not, where have you moved to? +A small cap stock of around INR 400 Cr mkt cap, saddled with a debt of 231 Cr, and questionable management would normally be an automatic pass. But S. Chand is a name that most of us are familiar with. And the sector it operates in is evergreen, kids will go to school and need educational tools, no matter what the economy throws at us, perhaps except another extended Pandemic. So, here we go.... + +&#x200B; + +**Company :** Sultan Chand and Co. is primarily a publisher of school and college level textbooks. Originally from Delhi, they came up with a acquisiton based strategy to dominate the market in Eastern and Northern India starting from mid-2012. Initially they bought Vikas Publishing House, New Saraswati House, and Madhuban, followed by acquiring a majority stake in Chhaya Prakshani, a leading Bangla textbook publisher, in early 2016, for about 220 Cr. They acquired the remaining shares of Chhaya Prakashani in 2019, just before the pandemic. + +&#x200B; + +**Ed-tech :** S. Chand invested a seed capital worth about 8% of Testbook, a govt. service preparation website, in 2015. Recently they have come up with quite a few online educational platforms and apps. These started with MyStudyGear and MyleStone before the pandemic. During the pandemic, they came up with another app called Learnflix. They are also supposed to launch a Bangla version of Learnflix called Learnflix Bangla by Q2 next year. These are amalgamated within a single wholly owned subsidiary called Convergia, that will go into funding rounds as the pandemic eases out. + +&#x200B; + +**Finances :** The company eyes a topline in excess of 500 Cr in FY 23 from book sales. Currently the company has an outstanding debt of 231 Cr, and has to pay roughly 30 Cr every year to service the debt. Recent restructuring saw debtor days being reduced from a high of 311 to 243 this quarter, which is still higher than it was before the acquisition of Chhaya. + +&#x200B; + +**What I do not like ?** + +&#x200B; + +1. **Steadily increasing debtor's days until Covid** : A Sign of poor management. S. Chand was not teaming up with right distributors. Alhough they have recently improved, 243 days is still way too much. I would very much like a detailed geographical spread of debtor's days. There are reasons of course, in 2017, it could be ascribed to demonetisation, in 2018 to GST birth pangs, and recently due to Covid. Still what I suspect is that S Chand is steadily moving down the value chain, rich kids increasingly study more from other resources, and consequently they have to rely on more iffy dealers in smaller towns. However, I need hard data on this. +2. **Too many products :** Their Edtech venture (what they call S Chand 3.0) is a mess in my opinion. There is zero consistency. They first pushed mystudygear app as supplementary resource for their books, it got 23000 votes on Google play, and instead of capitalizing it, they make another app called Learnflix. And when you think that's not messy enough, they have another site called Mylestone. Their Bangla subsidiary has its own Chhaya app. And now there's the talk of a Learnflix Bangla app on top of it. This is ridiculous. Why can't you have a single app instead of so much clutter ? Easier brand recognition, simpler access, isn't that supposed to be good ? +3. **Big talking management :** In every annual report and concall since its IPO, there is one thing constant, management making bombastic claims. Their basic claim is that the GST + Pandemic has ruined smaller players in this segment, and they are ideally placed for a disruption in the curriculum in FY23 which would render much of the pirated + second hand book market obselete. But the first claim is false, Navneet has posted good numbers through GST, and the second is iffy, especially since the Mamata govt in WB (where Chhaya has a very nice moat) is very unlikely to adopt NCF recommendations. And even if they are right, change in curriculum is a one time thing. + +&#x200B; + +**What I do like ?** + +&#x200B; + +1. **Reputation and B2B approach :** S. Chand has a long history, and they are trying to fight Byju's by levering it to cater to a slightly different audience. They will approach schools and get subscriptions for Learnflix from schools themselves (instead of Byju's B2C approach). I recently learnt that some DPS schools have been roped in for this. Right now they are temporarily offering a B2C approach as well, and the reviews seem to be good. They offer subscriptions for around 2-3K, which is far less than Byju's. In a place like WB, where income is low, and people spend slightly more on education, this can be a game changer if they do not somehow piss of the ruling party. +2. **Evergreen Sector :** Kids will go to school, schools will require resources. And as tier-3 towns in India come up with more and more colleges, S.Chand's higher-ed books are going to remain classics. And Chhaya in WB have some iconic books, like S.N. De's post-secondary mathematics textbook or Maiti-Tiwari-Roy's chemistry textbook, which will be in demand for the foreseeable future. + +In summary, the company badly needs a competent CEO and decluttering. It also needs to branch out more to used book dealers to make a cut from that, since most of its popular authors are old or dead. Otherwise it's a good business available at a reasonable price now. Here are the possible situations I envisage, ranging from best to worst. + +&#x200B; + +1. Ed-tech finds big backing, gets good contracts from schools, and the book business carries on. In this case, potential multi-bagger. Probability in my opinion : 10% +2. Ed-tech lurches on, book business carries on with a small boost after NCF implementation, in this case the prices should appreciate at least 50-60% to current valuations. Probability in my opinion : 30% +3. Ed-tech bombs, book business shows no growth. In this case, should see a stagnant stock price. Probability in my opinion : 30% +4. Ed-tech bombs, book business declines slowly. In this case, a value destroyer. Probability in my opinion : 30%. + +So, collectively, I think this is a moderately favourable bet. Having said that, most turnaround stories do NOT turn around. Therefore I would neither recommend nor myself put too much money into this. + +&#x200B; + +Looking forward to your opinion and analysis. +I have a PPF Account in Canara Bank & I maintain it offline. I had opened it 6 years back and I don't have any savings account in Canara Bank. I am planning to transfer the PPF Account to SBI or ICICI Bank as I have saving account in both of them, NET banking, etc among other reasons. What are your experiences with such a situation? + +1) What are the factors to be taken care when transferring the PPF Account from one bank to another? +2) What problems did you face while getting it done? +3) Is there any impact on the interest to be credited on the PPF Account? +I've been spending the last few weeks while in furlough learning about FOREX for three main reasons, + +1. To learn something new +2. To do something productive with my free time (vs browsing reddit or playing games) +3. To make some money on the side + +Now, ignoring #1 and #2, I've just been thinking about #3. I have a pretty good day job when I'm not furloughed (work in marketing data analytics in the tourism sector which is obviously fucked), but I've been thinking about ways to get some cash on the side to fund my sort of expensive hobbies. I've been thinking, if I could trade on the Japanese market from 6-10pm Mountain Time a few nights a week, could I net more than I would working a part time job? + +And the answer is, based on the research I've done making the assumptions below, not without a starting capital of in the $20,000-$25,000 range... Which is doable, I guess, but I can think of better uses for my savings account and will probably be playing with less than $5,000 and tiny risks to live test. Anyway, I've made some assumptions below and I guess I'm just looking for someone who wants to step in and confirm or deny my thoughts. That being said, I'm not going to \*not\* continue on with forex trading as a hobby, but I think I just need to throw out #3 above unless there's something I'm missing. + +Assuming 1.5% a month which seems reasonable based on the research I've done so far, compounding: + +&#x200B; + +https://preview.redd.it/70kd6z2paq051.png?width=175&format=png&auto=webp&s=4a79d70e44d52ca0c9b3b0c5cc8f56bd93e1dad4 + +With these assumptions, and $20,000 to start, you're looking at about $4,000 in earnings over the course of a year. Now, I could go across the street, get a job at a hotel front desk, and work for $15/hr times 8 hours per week times 40 weeks a year and beat this. Not as fun, clearly, but it seems to take the "making money" side of this whole thing away. So what are you all in this for? Do you actually have six figure or million dollar accounts and are making something worthwhile off the ROI, or set up with prop firms and hedge funds? Are people here actually hitting 20%, 30%+ yearly, more? Or is everyone else just here for shits & giggles? +My story: About 3 years ago I had been learning about markets independently and after studying charts for a while I decided that price movements are methodical ergo (al-go) that method can be mapped out to something like a decision tree and then assigned probabilities. (a markov model..it's already established science so..easy right? ) Well, after thousands of hours of research, data finessing (etl), charting, analysis, coding, testing, tearing down and building up, I'm even more convinced that price movements are indeed VERY methodical - even more than what I originally hypothesized. BUT - disappointingly - I'm less convinced that a single person with average means can both map it, *AND* milk it. There are just too many jobs associated with getting it right. (︶︹︶) I'm so invested in it now that I want to see it through, I need to figure out what the next phase is. + +To figure that out I've finally been posting some of my work here to get feedback from more established and decidedly profitable quants/algo-traders. The most common feedback I've been getting is "*price behavior analysis is a dead end - just don't do that. At least when performed in a vacuum (without conferring other sources of data) Instead, find some unique data and a niche that works and you can find some alpha...when that stops working find another one"* Ok I get that point, and I've worked in predictive marketing analytics for more than a decade where the more datapoints you have the better you can predict human behavior. It's true to a scary degree. (there's some truly frightening Westworld shit out there already, partly why I don't want to contribute to that world anymore) I understand the "big data" approach but unfortunately, it's just not what I set out to do...I really believe that the key to consistent and significant alpha is understanding/modeling what the market is doing, not why it's doing it. + +...So what's the consensus, and why? I've been researching this debate online, and most of the stuff I've found just doesn't measure up to what I consider to be evidence-based. There are a million random-walk simulations in python, (seems to be standard coursework in data science these days, maybe just as a hands on introduction to stochastic principles?) but none of them seem to discuss why the market is similar or not. If you compare a random walk to market data there is no similarity whatsoever, but maybe i'm missing the point that they're attempting to make?? Can anyone shed some light? +I've been using data from the broker that doesn't include bid-ask data, because Ameritrade won't provide it historically. Whenever I get to finally make a decent algo, the spreads kill it. + +They don't seem to make much sense, as spreads are supposed to be smaller than 1% most of the time, but I'm seeing 5% or 10% spreads regularly. What's going on here? It's driving me insane! +Edit - Thanks for all the comments and ideas. However I should have been more clear. My apologies. +I have a FA and a balanced/conservative portfolio. It will be 20-30 more years before I have to dip into it, and the house will have no influence on this plan. I have several other areas that are also well covered. The basics of a good long term strategy are all in place. + +I feel that the Canadian real estate market is overdue for a correction, and that the economies of the world are in such utter chaos, that it is impossible to predict what will happen. I am selling my house and am seriously considering parking the money (800k-1M net), and living off the interest until who knows when. Ultimately I believe I will buy another home in the future, but we have no children and the door is wide open for ideas. + + + +I took some profit with this little bull run from some altcoins i played around with for fun. For a more serious long term hodling except Ada, Btc and Eth, what should i invest in according to you? + +No moonshots please. + +EDIT: just a general shoutout to all that have posted so far! Appreciate your time and suggestions for a crypto noob thats also new to reddit although im in my mid 40s. It's always interesting to see what people are betting on, and I keep learning a lot of new things. Thanks! + +EDIT2: yeah i know im lazy AF, but I have young kids under the age of 4. FML. ;) + +EDIT3: Thanks for the silver kind stranger! + +EDIT4:. Kids are now back wrecking havoc at home. I had the day off, I took advantage of it by weirdly sitting on reddit and google for 6 h looking into different cryptos and replying to everyones comments. Surprisingly, I really enjoyed it and I really appreciate the help and tips, links, feedback and comments from the community. It feels like this became a twisted version of AMA and instead became a TME - Teach Me Everything, because I don't know what the F im doing 😂 + +Anyways, much love everyone and I will keep on replying and researching my way to a proper hodl. + +Cheers! +A quick recap for those of you who are unfamiliar with the legend: + +OptionsSellers.com was a fund that marketed itself as a money manager for mid-upper class folks (doctors, etc) using trading methods that consistently outperform the S&P500. Their strategy? **Selling naked options on crude oil and natural gas.** More specifically they were using a method called the [short strangle](https://i.imgur.com/cWMeEj8.png), selling both put and call options with a wide delta between strike prices. Using this strategy they could rake in the cheddar so long as the price does not move outside the payoff region. + +What could go wrong with this? Apparently nothing, at least for a couple years. To their credit, OptionsSellers had somehow managed to avoid a catastrophic loss event for years while selling naked options on highly volatile commodities. Their returns were so endearing that they attracted hundreds of millionaire clients from all over the country. + +But then November 2018 happened. Natural gas futures spiked tremendously and shatterd the whole fund in minutes (literally minutes). Turns out selling naked options you can't afford to cover is a very bad idea. + +Suddenly clients who had multi-million dollar accounts the day before were receiving emails about owing money. OptionsSellers wasn't answering their calls and the website went offline. They knew it was bad, but how bad? They wouldn't get to find out until [cofounder James Cordier posted this 10 minute video of himself having a mental breakdown](https://www.youtube.com/watch?v=VNYNMM0hXXY). Can you even imagine what it must be like to have to find out your account's status through an emotional snuff film starring a man who should clearly be on suicide watch? + +Their whole fund wiped out in one fell swoop. Multi-millionaires waking up to not only being broke, but also **owing** the brokerage millions of dollars. James Cordier made the biggest YOLO with other people's life savings then billed them for it. What a legend. +* update* We just found out that our accout somehow got changed to an FSA(according to the bank) and years of saving is gone but employer still says its an HSA* + +We have had an HSA set up through an employer for a while. It's on pay stubs, we get tax forms. I have a debit card. I've been using it for a couple years to pay for meds. We never set up on online account though. We just called. When I got covid I had a lot of medical bills that I used the HSA to pay. Money was going into the account from somewhere. I tried to sign up online and the system says we don't exist. So I call and they tell me we don't have an account with them! We talked to our HR and they say talk to the bank. Bank says we have to talk to HR. Neither seems to know where the money is! The bank told us to enroll in the HSA program again but what about all the money we put in? How did the account just dissapear? I'm so lost. This may not be the right place but thought one of ya'll might have a suggestion. Thanks for any help! +Elimination of Long-Term Debt Further Strengthens Company’s Balance Sheet and Supports Transformation + +GRAPEVINE, Texas, May 03, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that on April 30, 2021 it completed its voluntary early redemption of $216.4 million in principal amount of its 10.0% Senior Notes due 2023. This voluntary early redemption covered the entire amount of the outstanding 10% Senior Notes, which represented all of the Company’s long-term debt. + +https://investor.gamestop.com/news-releases/news-release-details/gamestop-completes-voluntary-early-redemption-senior-notes +Or did you go into the industry to pay off college debt quickly, get a hefty paycheck, live in NYC and think you were going to become a millionaire. + +And for the college students: Did your parents make you choose the finance major, or did you actually want to study it because you enjoy it. (or are you solely doing it for the money) + +Seems to me like everyone I've talked to (both student and in the industry) have entered the industry for the money or the possibility of becoming a millionaire. +Hello , people who know more about finance than I!! + +For the first time in my life, I am receiving a sizeable bonus, 20% of my salary (salary is £26.5k) . Still a bit in shock tbh! Obviously it'll be taxed etc. It's being paid in two installments (October and February) as per the terms of the bonus being met. + +So ..firstly, how much should I expect to get taxed and how will this impact my monthly pay? I've read conflicting information on Google, so I figured real people would be able to break it down for me. + +Secondly, what to do with it??. I've never had this amount of money coming to me. I've a HTB ISA with £11 in it (opened with big intentions, then life....happpened), and roughly 6k in debt that is all UTD and being repaid regularly and on time. Do I put it in a savings account? A LISA? I'm 32 and would like to buy one day soon. Throw it all at debts or continue paying them as scheduled? + +I'm over my head guys, any help appreciated ! + +Thanks +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +THE REVOLUTION IS HERE + +&#x200B; + +BabyHarmony is the FIRST reflection token with STAKING rewards. Just by holding Babyharmony, you receive $ONE automatically in your wallets. + +&#x200B; + +There is a 12% tax on all buys and sells. 7% is redistributed to holders in $ONE, 2% goes to a staking pool (Pool Reward System), 2% pays for marketing and 1% is added to the liquidity pool automatically. + +&#x200B; + +POOL REWARD SYSTEM: + +It is an auto-stake function that invests rewards in a staking pool and redistributes the dividends to holders AUTOMATICALLY, guaranteeing constant dividends. + +&#x200B; + +2% of all transactions is sent daily to a staking pool (average interest rate 50%) + +2/3 of the dividends of the staking pool are sent to holders in $ONE + +1/3 are reinvested in the staking pool + +Dividends are sent to holders automatically every 24h in $ONE + +&#x200B; + +The Pool Reward Sytsem guarantees rewards independently of price and daily volume. And since 1/3 of staking dividends are reinvested, rewards are growing indefinitely. That is an integrated failsafe +Guten Morgen to this global band of Apes! 👋🦍 + +After last week's wild swings, the weekend featured much of the FUD and shillery that was missing last weekend. +It is clear that the SHFs are having a difficult time containing their nightmare scenario, which continues to approach with each share that we DRS. +They are once again trying to push dates and amplify FUD, but it is always amazing to me how transparent the efforts are. +The subscriber count rising and the number of awards they are distributing to their shills is a dead giveaway. +Fortunately, our Diamantenhände are hardened against such efforts. + +Despite all their efforts, GME finished up week-over-week, and I am incredibly excited for how this week is going to play out. +The substantial rise of BBBY last week is likely to have increased the pressure on the SHFs, though their efforts may be in suppressing that momentum over GME. +The DTCC continues to push the narrative that GameStop filled out the form for a forward split, though international market regulators are strongly pushing back on that narrative. +As we wait for the DTCC to correct the mistake, or the SEC to step in and actually enforce something, I wonder if the SHFs will be able to avoid margin calls. +Maybe we'll get a hint from the German Markets? + +I am traveling this week and do not know if I'll be able to reliably post. +While many days I should be able, I will try to arrange coverage for days when I will not. +Thank you for understanding! + +Today is Monday, August 15th, 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: **$40.26 / 39,15 €** *(volume: 11347)* +- 🟥 115 minutes in: $40.31 / 39,19 € *(volume: 10186)* +- 🟩 110 minutes in: $40.47 / 39,35 € *(volume: 10178)* +- ⬜ 105 minutes in: $40.46 / 39,34 € *(volume: 9555)* +- ⬜ 100 minutes in: $40.46 / 39,34 € *(volume: 9555)* +- ⬜ 95 minutes in: $40.46 / 39,34 € *(volume: 9542)* +- ⬜ 90 minutes in: $40.46 / 39,34 € *(volume: 9366)* +- 🟥 85 minutes in: $40.46 / 39,34 € *(volume: 9234)* +- 🟥 80 minutes in: $40.53 / 39,41 € *(volume: 9234)* +- 🟥 75 minutes in: $40.60 / 39,48 € *(volume: 7192)* +- 🟩 70 minutes in: $40.64 / 39,51 € *(volume: 6980)* +- 🟥 65 minutes in: $40.18 / 39,06 € *(volume: 6339)* +- 🟥 60 minutes in: $40.18 / 39,07 € *(volume: 5625)* +- ⬜ 55 minutes in: $40.19 / 39,07 € *(volume: 5574)* +- 🟥 50 minutes in: $40.19 / 39,07 € *(volume: 5490)* +- 🟥 45 minutes in: $40.19 / 39,08 € *(volume: 5483)* +- 🟥 40 minutes in: $40.20 / 39,09 € *(volume: 5335)* +- 🟩 35 minutes in: $40.20 / 39,09 € *(volume: 5244)* +- 🟥 30 minutes in: $40.19 / 39,08 € *(volume: 5206)* +- 🟩 25 minutes in: $40.19 / 39,08 € *(volume: 5002)* +- 🟥 20 minutes in: $40.17 / 39,06 € *(volume: 4977)* +- 🟥 15 minutes in: $40.32 / 39,20 € *(volume: 4036)* +- 🟥 10 minutes in: $40.46 / 39,34 € *(volume: 2308)* +- 🟩 5 minutes in: $40.47 / 39,35 € *(volume: 2240)* +- 🟥 0 minutes in: $40.46 / 39,34 € *(volume: 1340)* +- 🟩 US close price: $40.74 / 39,61 € *($40.50 / 39,38 € 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 1.0285. 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! +Few shakey noobs on this sub so thought i would write some quick pointers.... + +1. Emotion: its pretty brutal logging in and seeing your portal say -$2000 or something similar. Don't be attached to the $ part of it, think of it as points in a video game. + +2. Selling: You don't lose that $2000 until you sell. If you think the stock is going up just hodl + +3. Loss: Sometimes a loss is ok. If you are faced with the option of holding a stock for 3 years to break even or cashing out to back the next rocket then its probably better to cash out. + +4. Eggs in a basket: dont go all in on one penny stock, you don't go into a casino and blow your whole wad betting on 00 on roulette, you wanna enjoy the night . If you have 5k to spend maybe only put $1000 into Z1P so you can by other rockets with the rest + +Learn this and ull be printing tendies in no time. Need newbie fuckers in this sub not to give up otherwise this sub will be me and Plucky talking about anal penetration. + +Write your tips below +I thought we were done with the four hundreds. I was wrong. + +I thought after hanging out at 600 for so long we were going to pop up. I was wrong about that too. + +But I did figure out that if you take Deep Eddy grapefruit whiskey and mix it with just a splash of Margarita along with some ice water and lime juice, that your wife can get really drunk on your anniversary and you tend not to worry about anything in the world. + +[https://i.imgur.com/SxQskgq.jpg](https://i.imgur.com/SxQskgq.jpg) + +In fact we got so wasted at the hotel that she was [doing headstands](https://youtu.be/dQw4w9WgXcQ) in the hallway. Swear to God it was amazing. + +But seriously though. If you can't stomach the swing get off the porch. I mean it. You better at least have a few Hobbies and do some exercise if you want to learn how to avoid checking the price every 5 Seconds. Or obsessing about it when you do. If you can't explain 1400 then don't try to explain 400. Both of my hunches were wrong... Days like this isn't when I panic sell, it's when I Panic Buy. So much uncertainty isn't healthy. But boy it can make for incredible Investments. I got to avoid spending money I don't have on days like this. So I won't. Got to learn lessons in both directions. + +I'll be around today check in on the moderator Que. If people are getting out of hand with the suicide nonsense then please ping me directly. + +I've got a little project I'm working on outside but I will be around. I'm building a table that has a 36 inch stainless steel grill & a stainless steel griddle. I had to repair both of those units from the trash to get them functional again. Basically got most of this stuff for free. The most expensive part was the 2 by 12 treated lumber on top and bottom. Today I'm taking an old door off of my wife's folks house from the last house they were alive in and using it to close up the front. It's a big heavy door that opens vertically. I'm using hydraulic struts to lift assist the door kind of like the back tailgate of a caravan. The door will hide all of those propane bottles and it will fold up into a table nice and easy. Think of this as a way for me to make fajitas and then have the table fold up to let people prep their plates. It's heavy as hell too. The legs are 6 by 6 posts and the frame is 4 x 4 posts. Oh and I got the old barn metal for free. + +[https://i.imgur.com/qcdKPjf.jpg](https://i.imgur.com/qcdKPjf.jpg) + +[https://i.imgur.com/VWfU2UE.jpg](https://i.imgur.com/VWfU2UE.jpg) + + +Anyway. Cheers to everyone here and keep your head up. This is some incredibly weird stuff with the entire Market behaving this way. Don't believe it we'll stay this way for very long. Big huge Hammer reversal at some point. And then we can start the bull market. It might be fall or winter. But it's going to happen when you least expect it that's for sure. + +I want the price to stay at a decent level for developers to continue their craft. No one eats for free. I don't see anything slowing down with developers anytime soon so that's my favorite metric of all. Just go look at all the jobs at Consensys and Coinbase right now. Stop what you're doing and go look at that list of jobs. That alone will put a smile on your face and let you realize that we are really in a very big dip right now. It's okay. Just let it ride. Of course that's my hunch and I've been wrong before. So just do you. + +Cheers and big hugs from Kansas City. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +**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) + +**​**[**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs +27yo Italian here that just bought a ticket to Iceland. + +Currently my wage is 6$ per hour. +Just sold my car to get pay a small debt of 2k with a relative of mine and currently having 1.3k in saving. + +I need to save some money because one day I would like to have a family of my own. + +I am young and I think I can take the risk. + +Do you have any suggestion or advice for me? I would really appreciate that. + +Have you ever went abroad to have a better job? What is your experience? +Can you + +Edit: due to some problem related with old age my grandparents are coming to live with me and mum. I think is better if I stay home helping them. + +Thank you for your beautiful comment and cheer +I purchased my house in December of 2020. I had to purchase it in cash because it was a quick sale before the house went on the market. I am now considering going to get a mortgage on the house and investing the money in the stock market. Is it a good idea to do that or should I just keep the house paid off? I do have a savings of over 50k. I am 27 years old. Any help would be really appreciated. Thank you. +Senior in high school right now, about a month and a half away from graduation. Just hoping to get some assistance on how to manage money better for college and the do’s and don’ts of college spending. +My situation: + +I’ll be taking out an auto loan for $35,000 at a 1.9% APR for a 60 month term. I’m being told by more than one friend that a down payment is essential. This isn’t a problem but I tried to do some of the math and don’t understand the cost benefit of the down payment. + +I’m not a math wizard by any means but when comparing the 1.9% to the $35,000 to $30,000 (with a down payment of $5,000), it comes up to about $300 difference in interest at the end of the 60 month term. Why shouldn’t I just keep the $5,000? The topic of depreciation and being upside down on the loan came up as well. I went with 25% depreciation after the first year. I’m getting a generic Honda/Toyota sedan so I’m not too worried about the depreciation aspect as much. + +Going with 25% depreciation after 1 year and using $5,000 as a down payment example: + +$35,000 car is worth about $26,250 after a year. + +$0 down: At $613/month I would have about $27,644 left on the loan. I’d be -$1394 on the loan but I would have the $5,000 to more than offset the amount I’m under on the loan. “Plus” +$3,606. + +$5,000 down: At $526/month I would have about $23,688 left on the loan. I’d be +$2,562 on the loan but I’m also -$5,000 for the down payment. + + + +Everything I’ve seen so far online vouches for the down payment. Am I missing something here? I’m not against the down payment at all but I’m not seeing the point of it with what I’m looking at. +My husband owes $30,000 on his 2019 Ford truck. His interest rate %5.19 with 78 months having 54 months left (2 years has already been paid so far) Is it a good idea to refinance with %2.50 interest rate for 48 months. Credit score is 798. Our payment will be $200 less but plan on making same payment on new lower interest loan. I hate vehicle payment because we always do the wrong thing. Or should we just leave things be?? Thanks for your help in advance. +Over here in the Netherlands we've had a relatively large flexible workforce for decades now, both agency workers and self employed workers. But I feel like in the past 24 months we've seen a real paradigm shift and the flexible workforce is really becoming an intergral part of effectively every sector and company. Have you noticed something similar or do you feel there's not happening that much and my experience is just a matter of perspective? + +I work in software so I've always been around 'the felxible workforce', but I feel like only agency or self employed workers are really becoming a core part of the companies I work with. Just a few years ago flexible workers we're mostly working in junior-type-of-teams or project teams. In part because employers didn't really invest in those people - since they're temporary - and in part because they're too expensive. That's different know. And I think in my sector that really paid off. + +But I'm not really sure how I feel about it. I also feel like we're loosing a niche in which creative and colorfull people florished. I think the freelance market became less accessible for smaller companies and more and more freelancers I meet in my mind are just very regular and average employees. I feel like regular employees get more felixiblity while the freelance sector is becoming less free. On the top most project offerings are nowadays in fact focussed on becoming long term and durable relationships while at the bottom work without growth perspectives dominate because you get paid so much for unskilled work now because otherwise those positions are never filled anymore. And I don't think I like either of those things. + +How do other Europeans feel about these developments? +Over here in the Netherlands we've had a relatively large flexible workforce for decades now, both agency workers and self employed workers. But I feel like in the past 24 months we've seen a real paradigm shift and the flexible workforce is really becoming an intergral part of effectively every sector and company. Have you noticed something similar or do you feel there's not happening that much and my experience is just a matter of perspective? + +I work in software so I've always been around 'the felxible workforce', but I feel like only agency or self employed workers are really becoming a core part of the companies I work with. Just a few years ago flexible workers we're mostly working in junior-type-of-teams or project teams. In part because employers didn't really invest in those people - since they're temporary - and in part because they're too expensive. That's different know. And I think in my sector that really paid off. + +But I'm not really sure how I feel about it. I also feel like we're loosing a niche in which creative and colorfull people florished. I think the freelance market became less accessible for smaller companies and more and more freelancers I meet in my mind are just very regular and average employees. I feel like regular employees get more felixiblity while the freelance sector is becoming less free. On the top most project offerings are nowadays in fact focussed on becoming long term and durable relationships while at the bottom work without growth perspectives dominate because you get paid so much for unskilled work now because otherwise those positions are never filled anymore. And I don't think I like either of those things. + +How do other Europeans feel about these developments? +Hi, I have a few questions, + +1. What is the best way to maximize the use of tax-exemption of 801€ while living in Germany? If I have distributing World ETF that is paying dividends, are these automatically not taxed for each year up to amount of 801€s?\` +2. I have a duration of investing of 10 years, I might use that investment as a lump-sump for buying a property for example. Currently my portfolio consists of + +* [iShares Core MSCI World UCITS ETF USD (Acc)](https://www.justetf.com/en/etf-profile.html?query=IE00B4L5Y983&groupField=index&from=search&isin=IE00B4L5Y983#overview) ISIN: **IE00B4L5Y983** Amount: 70% +* [iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)](https://www.justetf.com/en/etf-profile.html?query=IE00BKM4GZ66&groupField=index&from=search&isin=IE00BKM4GZ66#overview) ISIN: **IE00BKM4GZ66** Amount: 19.53% +* [iShares MSCI World Small Cap UCITS ETF](https://www.justetf.com/en/etf-profile.html?query=IE00BF4RFH31&groupField=index&from=search&isin=IE00BF4RFH31) ISIN: **IE00BF4RFH31** Amount: 4.89% +* Ethereum Amount: 4% (Not planning to buy now as it's a bit expensive again.) + +What do you think about my portfolio? + +3) According to Bankeronwheels [https://www.bankeronwheels.com/long-term-investing-strategies-for-financial-independence/](https://www.bankeronwheels.com/long-term-investing-strategies-for-financial-independence/)He suggest that one should have equities + bonds and I took an assessment of Vanguard and it says i should have **70%in equities and 30% in bonds** + +\- How can I buy bonds? I don't see any in TradeRepublic and Degiro doesn't do tax returns for me automatically I believe? + +\- If I should buy bonds which bonds to consider? + +\- Bankeronwheels also says it's good to have 7.5% Inflation protection so I'm thinking I should buy a Gold or some kind of treasuries? How can I buy it most in an efficient way? + +So overall 70% in equities, 22.5% in bonds, 7.5 in Inflation protection (e.g Gold) + +I have access to TradeRepublic and Degiro. I'm also opening an account in Scalable Capital. +Note: I invest monthly 100 now monthly and I want to increase to 250€ and maybe more than that in the next months. +Hello! + +As the title says, how much of your net income do you spend on entertainment monthly? + +I consider in this category things like, movies tickets, books, Netflix or other similar services, bars and restaurants, etc... + +I have been budgeting for a while and I'd like to have some comparison basis. +Of course, it depends a lot on your salary but still it would be nice to have an idea. + +In my case it's about 20-25%. +I was in crypto from 2017 and made a lot of money during the ico craze. My peak was $100k. Lost everything and almost went broke. Mid 2018 had close to $10k. Main reason is all coins went down and diversified into too many shitcoins. Put that entire $10k into a legendary ICO called Bzrx. + +Forgot about crypto and logged off for 2 years. They are such a shitty team that they didn't even list their coin for 2 years. I thought at some point I would just sell it for break even but never went through it. Then, during July last year, these guys finally traded on market. + +They started at 20 cents. ICO price was 4 cents. So, was super happy and held onto it. Then at peak it was worth almost $1.6 and I had almost $420k worth of shit. If I had converted them to BTC or ETHwhich I contemplated back then, I would have had more than a mil right now. I thought it was all good and the coin would go to $3 but then the rekt began. + +1. They fucked up their launch timelines by delaying it for 2 days. I gave them a chance. +2. They fucked up the launch and the product was very bad. I gave them a chance. +3. Binance launched futures for their coin which usually means only one thing. I still held on. +4. They got hacked again and lost almost $8M and recovered. This is when I gave up and sold everything at 25 cents. + +The scar from this will forever be with me. So many life lessons but ill just leave you with this. Things will be better than you could ever hope and the coins price can go higher than you ever think and could be worse than you could ever hope and might go to depth of the ocean as well. Just don't be greedy and take profits and don't be like me. +Interesting start to the week, who knows what's in store for us but regardless - these are buying opportunities. Plain and simple. + +What are we looking at to start a new position or add onto existing ones? + +I'm always adding to ATD.B and BAM whenever I can, thinking of adding to my SCR with a big correction this morn knowing legalization is in the near future. +A year ago, MO came out with a new Index MF to allow investments into the US top 500(S&P 500), wanted to ask your opinions on what you think of it now that one year has passed? + +They have had 39.6% growth over last year owing to the fact that they invested when the market was at a historical low and since has risen alot. + +Obviously it's still a young fund, what do you guys think of it? Recently got into investing and have been considering investing into this one, my only other foreign investment is in PPFAS LTE (Parag Parikh) + +One disadvantage is obviously the 0.5% Expense ratio, which seems high for an Index fund, but still considering that US will look to grow, it makes sense to invest and hold onto it for long term? + +Thoughts? +**TL;DR:** + +* **A financial firm can work as an underwriter, to hold a company's hand to help it issue stock on the stock market for investors to buy and sell. These firms use what's called "stabilization" techniques to ensure companies that their stock will do well. One big stabilization technique is called a "greenshoe" or overallotment option, where an extra 10-15% shares of the float are issued for high demand IPOs. (One greenshoe option that went wrong hough ViacomCBS due to the Archegos/Bill Hwang blow up).** +* **But another technique is naked shorting. Underwriters--especially lead underwriters--can make money in naked shorting for big IPOs. Big cases of it showed up not just on Facebook's IPO, but Uber's--something which even CNBC reported about.** +* **In 2000, Goldman naked shorted its own stock during an IPO and got caught in a short squeeze. It had to buy back its own stock at higher prices, since no one else was willing to help give up stock for them to cover their shorts.** +* **Greenshoe options show up in prospectuses of IPOs, naked shorting during IPOs by underwriters does not. Underwriters have an exemption to naked short during IPOs. This might be important to be aware of during both reddit & Citadel's coming IPOs.** + +&#x200B; + +For the culture: [https://www.youtube.com/watch?v=-EBSDomOt5s](https://www.youtube.com/watch?v=-EBSDomOt5s) + +https://preview.redd.it/qg5il3ay0xn81.png?width=320&format=png&auto=webp&s=5f769b81ba6e381b276eaf0b7d3d6d00b99b2678 + +**Sections** + +1. **Back in the 90s** +2. **Crimeland** +3. **Duke & Co.** +4. **Stabilising 101** +5. **Putting on Your Greenshoes** +6. **Overallot Me Daddy** +7. **Price Manipulation** +8. **The Goldman Squeeze** +9. **Naked Shorting 102** +10. **Dumb Stormtroopers?** +11. **2015** +12. **Click Like, Subscribe, or Oversubscribe** +13. **Uber & A Rose by Any Other Name (or Thanks, Leslie Picker!)** +14. **Task Failed Successfully** +15. **Hwang in There?** +16. **One Laster Thing: The Citadel and/or Reddit IPO** + +&#x200B; + +# 1. Back in the 90s + +Back in the 1990s, the United States Congress had its eyes on reforming–or, at least, rEfoRmIng–the penny stock business. The 1980s were rocked by a number of penny stock scandals including Jordan Belfort of “Wolf of Wall Street” fame. This eventually led to the passage of the Securities Enforcement Remedies and Penny Stock Reform Act of 1990. + +&#x200B; + +Now that long-ass fucking (ass-fucking?) name wrapped the SEC’s attempts to rein in what they saw as a rapidly escalating amount of crime in penny stocks, especially as the internet began to take hold of the world. + +# 2. Crimeland + +Near the late 1990s, tales abounded of how the penny stock world often intersected with organized crime in the state of New York. Members of the Bonanno, Colombo, Decavalcante, and Luchese families, as well as Eurasian syndicates, were often involved in these cases. + +Some members of the Genovese & Gambino crime families were caught dealing with the Russian mob in securities fraud. One of the biggest cases to hit the news was 2 stock promoters who were executed in their Colts Neck, New Jersey home not too far from Wall Street. + +&#x200B; + +[forum thread reposting an article on it](https://preview.redd.it/c96x2r57xwn81.png?width=1419&format=png&auto=webp&s=997395410464d2a998ed0531a77548755a183c9e) + +Then NY-District Attorney Robert Morgenthau was aware of the common overlap between organized crime and the stock market. + +&#x200B; + +In one of my very first DD posts nearly a year ago (Who owns 55 Water Street in NYC, the building where the DTCC is located? PART 2 (or "What's in your wallet, Alabama?"), I talked about how the reason that the Retirement Systems of Alabama now OWNS 55 Water Street (DTCC HQ) was because of Morgenthau & the secret ingredient : [https://www.reddit.com/r/Superstonk/comments/nz5wt0/who\_owns\_55\_water\_street\_in\_nyc\_the\_building/](https://www.reddit.com/r/Superstonk/comments/nz5wt0/who_owns_55_water_street_in_nyc_the_building/) + +&#x200B; + +>**"Olympia & York, no longer \[able\] to carry out the asbestos removal…relinquished the ownership to its bondholder-creditors. The largest one, the Retirement Systems of Alabama, bought out the other bondholders."** +> +>Asbestos? No no no dear ape. **The secret ingredient isn’t asbestos; in 1993, it really was crime.** + +&#x200B; + +[Morgenthau at bottom on my old post](https://preview.redd.it/2kvmw0dwxwn81.png?width=575&format=png&auto=webp&s=76ec23051d67d9383ca08f5530cda69400dfb4ae) + +>55 Water Street was purchased for a fraction of its worth in part due to Harry Bridgewood, an undercover NYC cop who co-owned a sporting goods store with 2 other cops and shared an orange juice delivery route. This undercover cop ended up going, well, undercover under the name Paul Vasil while wearing a wire, and “would coordinate bribes and rig bids \[there because\] +> +> +> +>**55 Water Street was…beholden to a number of criminal forces**. One of the largest criminal forces there was a garbage collection firm that had contracted there for over 20 years. That firm had major connections to the Gambino and Genovese crime families, the Italian mobs that were a big part of NYC’s crime underbelly. +> +>**There were definitely some interesting facts to this story: “Bronner recalled a tiny flower garden in the building that one man was paid $50,000 a year to water. \[And it was\] former NYC District Attorney Robert Morgenthau helped lead…these stings.** + +&#x200B; + +**Another fun fact? It was Morgenthau’s full court press on the Genovese & Gambino crime families there led him to gift 55 Water Street–often considered “the best deal RSA has ever made”--for fucking cheap. Morgenthau had DEEP Alabama ties, and helped hand off the DTCC building just years before Dr. Trimbath walked inside its halls to expose another brand of fuckery.** + +&#x200B; + +So Morgenthau had a questionable past in many aspects. But while he was giving sweet deals to RSA’s David Bronner, he also kept weaponizing that penny stock act against one firm in particular near the tail end of the 1990s: Duke & Co. + +# 3. Duke & Co. + +Back in 1999, 18 traders from a little-known firm called Duke & Co. were indicted for price manipulation. **They had manipulated 6 penny stocks that they had brought to market. If you recall, helping to pluck a new company out of obscurity and helping to bring it to market for investors–like you or me–to buy and sell is often known by a fancier name: underwriting an IPO.** + +&#x200B; + +[lolwtf](https://preview.redd.it/8azh6lf3ywn81.png?width=715&format=png&auto=webp&s=d7ef56dff9bf113fd22e327dd556707a1973fd24) + +Duke’s chairman Victor Wang was seen as the leader of a “criminal enterprise” that defrauded investors to the tune of tens of millions of dollars while underwriting these penny stock IPOs. One 61-year-old lost their entire retirement portfolio, while another lost $270K+. + +Wang remained “unrepentant” and “arrogant” in court up until he was finally brought to court on 109 counts: + + +> +The indictment charged that Duke’s brokers colluded with salesmen at other firms to inflate the IPO prices of certain companies’ stocks and keep them artificially high. +> +>Duke brokers and their favored investors, who prosecutors said numbered about two dozen, made profits by selling the stocks high while those who were not in on the price manipulation schemes lost money when prices plunged.” + +Due to cases like Duke & Co., Morgenthau & others became more aware that penny stocks could be manipulated not just during their “pump-and-dump” runtimes, but even at their very inception. (Robert Morgenthau said his office was also looking to delve into “illegal conduct at other Wall Street firms” but never elaborated at the time.) + +**To understand how firms like Duke & Co. might have been able to set up questionable IPOs that they could then manipulate quickly thereafter, we need to learn a new word in the world of IPOs: stabilisation.** + +&#x200B; + +[thank u u well learned pigeons](https://preview.redd.it/1xdrc22dywn81.png?width=650&format=png&auto=webp&s=058732ff3ed85cc6329b71110e4e8870417e7854) + +# 4. Stabilising 101 + +&#x200B; + +**When a company has its new stock come to the stock market, both the underwriter (the firm that helped hold its hand to carry it to the New York Stock Exchange bell) and the company itself want to ensure (a) they make money but also (b) the stock doesn’t fall too quickly right after its IPO.** + +**This process is often called “stabilisation”. This is just a fancy stock marketword that means you hope that your stock price does not move too crazily on its first few days of trading** (sometimes called the “aftermarket period”). + +&#x200B; + +You will often have someone who helps make sure that this is the case. More often than not, this might be the very underwriter who first helped bring the company to market is now also helping an IPO price from freefalling. In this case, the underwriter often serves as what’s called the “stabilization agent” or “stabilisation manager.” + +When it comes to these “stabilisation managers” they have a lot of tools in their toolkit. Their first line of defense might not be a necessarily worrying entry. That option is called an OAO or “greenshoes” option. + +&#x200B; + +[DRS yo shit](https://preview.redd.it/6c1glxrlywn81.png?width=500&format=png&auto=webp&s=a57d246c178e3a4a60b9178670fc7ac24b4a8f60) + +# 5. Putting on Your Greenshoes + +**The Greenshoe Option is often also called the OAO, or the Over-Allotment Option. A big way that an underwriter argues it might help make sure a company’s stock doesn’t freefall too bad in its opening days (not a good look!) is to use that OAO. Now OAO sounds like a rare early 2000s anime that some apes with pineapple fetishes might have a body pillow for (ahem, not pointing fingers in the mirror), so it’s often used by its more palatable “greenshoes” title.** + +&#x200B; + +Greenshoe options get their name from Green Shoe Manufacturing Company (now called Stride Rite) which first used this. You often greenshoe when high demand might happen for your new stock. + +&#x200B; + +**Remember, most IPOs are “underpriced”. This means that the IPO price is usually less than what they expect it soon to b**e. Think about how Roblox and, yes, even fucking Robinhood moved up very quickly and the share price shot up**. It’s “underpriced” so there’s this chance of it not having the shit look of tanking out at the gates. So if you’re an underwriter, you also wanna make sure all your shares are sold so you also set the offer price at a low enough price.** + +As an example, here’s what a greenshoe option might look like in an IPO filing with the SEC for hair company Olaplex: + +&#x200B; + +[Olaplex greenshoes clause](https://preview.redd.it/551xxf77wwn81.png?width=1285&format=png&auto=webp&s=a5747d1fe3638e6397ff7ae35c1cc4914b53379a) + +**In a greenshoes option like the one seen above, the underwriter is allowed to “overallot”, or add extra shares OVER the normal threshold for an IPO. If you promised to send 100 shares to the stock market for an IPO for investors to buy and sell, an overallotment might be sending over 110 shares instead, for example.** + +# 6. Overallot Me Daddy + +&#x200B; + +**Remember, greenshoes or overallotment is used when there is a potential for high demand and the underwriter wants to make sure its “under-priced” shares all sell. Usually, this is done by being able to “issue” or give itself an extra 10-15% of shares of the total, usually up to 30 days after the IPO. These are shares that the underwriter can offer at the original IPO offering price**. + +Let’s say I wanna sell stock in my new company PEEN. Morgan Stanley prices each stock at $10. They normally flood 100 shares into the market. (So this is worth $1000 total). + +&#x200B; + +But if everyone wants my PEEN, then maybe Morgan wants to make an extra bit of cash. They can overallot and sell 10-15% of the total issued shares (110/115 shares v. 100 shares). + +Let’s say my PEEN is worth $20 (what can I say, Benjamin Franklin wee wee right here). With this move, Morgan has a few extra shares (10-15) it can buy from the company at $10 (the original offering price), sell at $20 and pocket the difference (20-10=$10) by exercising the “greenshoe option”. + +&#x200B; + +&#x200B; + +[I debated showing Peppa Peen, but decided against it and to show this instead](https://preview.redd.it/z5yj7mqrywn81.png?width=713&format=png&auto=webp&s=a3d0957996fc7410982e664121dc7745ef2aa502) + +What happens if the price drops? If my PEEN is worth $5, then they buy the 10-15 shares on the open market instead (vs. from the exercised “greenshoe option”) to stabilise the price. But you may do so at a loss. **(If you’re also extra curious, the greenshoe move is an underwriter option known as a “greenshoe dummy” or “greenshoe dummy volume” (Dummy equal to 1 in case the underwriter allocates more shares than made available by the issuer (Fraction of greenshoe of offer volume actually exercise”).** + +&#x200B; + +Of course, other issues can come up. If your IPO price drops, you may not want to buy back in the open market, and instead reach out to the secondary market (institutional investors, shareholders, etc.) to be like “Hey buddy! Can you give me that PEEN back on the cheap?” +And, of course, they can say fuck you and you need to buy back those shares in the open market at a loss. + +# 7. Price Manipulation + +**If you’re wondering whether it seems kinda fucked up that an underwriter can just magically poof an extra 10-15% of shares into IPO existence, you’re not the only one: overallotment and greenshoes options have often been derided for basically being sketchy. The Journal of European Management put it more bluntly:** + +&#x200B; + +>**Stabilisation is price manipulation, but regulators allow it within strict limits – notably that stabilisation may not occur above the offer price. For legislators and market authorities, a false market is a price worth paying for an orderly market.** + +Wow. Great. + +That same research paper offers up this fun fact: that underwriters who “stabilise” do help IPO prices from free-falling. BUT the incentives sometimes overwhelm the desire for an oRdeRlY mArKet (isn’t that the reason for a greenshoes) **This includes “favouring certain aftermarket sellers and enhancing their own reputation & profits.”** + +&#x200B; + +[oh shit, also happy st pattys day everyone and a deep fucking cheers to you all \(and ofc DFV!!!!\)](https://preview.redd.it/2pv3la2zywn81.png?width=700&format=png&auto=webp&s=56a069336aa12b94367d5655dbfcb3f01d7a1b55) + +This is a huge issue. **Recently, if you track how lead underwriters have done relative to their friends in IPOs, many of them make A SHIT TON MORE MONEY in recent years, and some of that is owed to their stabilisation techniques like greenshoes.** + + +This is stabilisation in action. But as with anything in the stock market, things can be taken to the Mountain Dew Extreme. And at the turn-of-the-century just months after Victor Wang got indicted, we saw just extreme overallotment and stabilisation could get. In a way familiar to us all. + +# 8. The Goldman Squeeze + +Back in the early 2000s, Goldman Sachs bought out Spear Leeds. Leeds was caught in its IPO issue just like Victor Wang with Duke & Co. But Goldman’s new acquisition had a secret ingredient that GME holders are accustomed to, soon after it was caught breaking the law: + + +>If shares were sold from the initial public offering account during a period of up to 90 days, the underwriter would be told the identity of the seller. +> +>To evade the rule, NASD said, Spear Leeds permitted its customers to sell shares without notifying the underwriter. When they sold, it would borrow shares to permit the customer to sell them short from the account that did not need to be reported. If it could not borrow shares, it would simply fail to deliver the shares, a practice known as naked shorting. + +Just like Duke & Co., Goldman’s new acquisition had an issue with fucking around with IPOs. Goldman pinky sweared to regulators that it would never do such a thing, especially including fucking around with IPOs that were coming under pressure from stabilising techniques such as greenshoes options. And Goldman’s word is its bond. + +Just kidding. They made sure to fuck around with an IPO. In fact, it was their own. + +&#x200B; + +[you can see the squeeze into September 2000](https://preview.redd.it/2zlv7le7zwn81.png?width=224&format=png&auto=webp&s=662b9912ff55b3c1d32f2ea7922cf901926bac8d) + +**The very next year after Wang’s trial, in August 2000, Goldman Sachs was issuing secondary stock on the stock market in what would have been a $4 billion dollar deal. During this IPO, Goldman suffered what textbooks have called “a high profile miscalculation”. It incurred losses of $30 million in 1 month. After losing a shit ton of money, it held its hand out to rival firms used to underwrite the deal that helped bring it to market.** + +https://preview.redd.it/jkq2z4gezwn81.png?width=300&format=png&auto=webp&s=075e4258078f28a8a06cd81f888292eb44e64d39 + + +Why did it miscalculate? Well, because they didn’t just overallot hoping for a huge demand, they fucking naked shorted their own stock at the IPO. Goldman made a giant naked short position in what was called its sTaBiliZaTiOn pOoL. **The price then shot up from $100 to $132 because the stock became so popular, and Goldman ultimately had to buy back at higher and higher prices that it had hoped for when it opened naked shorts on its own stock.** + +&#x200B; + +Remember, as with greenshoes option, buying in the open market would push the stock up way too fast and get expensive. So with an attempt to time demand for its stock, it ignited a very expensive mistake in the form of a very expensive short squeeze on its own stock. + +Ironically, just a few short years later, Goldman was fined $2 million in March 2007 for “allowing customers to illegally sell shares short prior to secondary public offerings. Naked short-selling was allegedly used by the Goldman clients. The SEC charged Goldman with failing to ensure those clients had ownership of the shares.” + +&#x200B; + +Now you might say “Great story OP! Fuck Goldman! … + +….But wait, I think you passed over something way too fucking quick… + +**YOU CAN EFFECTIVELY NAKED SHORT STOCK THEN PRE-IPO! WTF?!** + +# 9. Naked Shorting 102 + +You can. **As part of stabilisation techniques, underwriters can naked short. In the same way that market makers have a naked short exemption for liquidity, so do underwriters under the guise of liquidity and stabilisation in IPOs:** + +&#x200B; + +>**Unlike every other market participant, underwriters in IPOs are permitted to engage in naked short selling, so they do not have to borrow a security and pay the associated interest. Regulations that are otherwise costly to other market participants expressly exempt underwriters.** + +&#x200B; + +So why would you go naked in the first place? **One reason might be that it usually happens when you get cockblocked from adding a “Greenshoe” (or OAO) option to your stock offering (this should show up in the prospectus) or wanting even more than that (greedy?):** + + +>Normally, when share demand for an IPO turns out to be high, underwriters want to borrow shares to meet this extra demand. The underwriter can borrow these shares from two different parties; primary shares can be borrowed from the issuer, whereas secondary shares can be borrowed from former shareholders**. If no OAO is granted, the underwriter needs to take a ‘naked’ short position to meet this extra demand.** +> +> +> +>Aftermarket price support can also be executed when taking a ‘naked’ short position, but in this case the underwriter will incur a large loss when the share price rises. Aftermarket price support of an IPO stabilizes and increases the share price when share price would otherwise have fallen below offer price. The support is executed when the underwriter closes his short position by buying shares in the secondary market, thereby decreasing share supply permanently... + +&#x200B; + +Remember, exercising the greenshoe means you get to buy the 10-15% extra shares at the original offer price from the company (meaning if $CUM stock opened at $69/share, but shot up to $420/share, you get to buy it at $69 when you exercise the greenshoe option). + +&#x200B; + +&#x200B; + +**But if you got cockblocked from greenshoe or opted not to exercise it, you’re left holding out your hand (like Goldman did to the other underwriters on the deal) hoping they’ll spare pity and give back shares on the cheap.** + +# 10. Dumb Stormtroopers? + +It all sounds insane. Why would you purposely naked short an underpriced stock if you, in effect, KNOW it will shoot up faster than my eew eew llams after seeing an RC tweet?! Especially when most prices rise after an IPO, meaning a more expensive “close” on those naked shorts? + +&#x200B; + +**One counterargument–who knows if this was what Goldman was going for–goes like this: let’s say an underwriter knows someone that will hold onto the stock and–once they “cover” that naked short, it’ll be a net positive since it thrusts the price back up after a post-IPO drop.** + +&#x200B; + +**If Goldman makes a deal with Jamie Dimon’s fucknut JP Morgan Chase that “Hey! We’re selling our $ANUS this week, can you hold onto it for a year?” And Dimon & Co. says he’d love to hold on to Goldman’s $ANUS that long, then it makes it easier for Goldman to play when they cover their short**. + +&#x200B; + +https://preview.redd.it/3gjabk2jwwn81.png?width=881&format=png&auto=webp&s=05077512806e2863b11bad682a3f0e149a8d7dbb + +**Going back to our idea of underwriting, we saw how one study found that because of the way commissions are split between the companies that help bring them to an IPO, the lead underwriter often makes off like a bandit in these cases. Recall, just like market makers having an exemption to naked short because of LiQuIdItY, underwriters have the ability to naked short because of sTaBiliSaTiOn.** + +&#x200B; + +# 11. 2015 + +&#x200B; + +T**he SEC greenlit this “IPO naked shorting” process more fully back in 2015 under then SEC-Chair Jay Clayon**. Clayton, who’s now known for dickriding Apollo Global Management (that among other secret ingredient things (1) tried to buy GME in 2019, while it (2) shorted malls in 2017, and (3) is in bed with Russian oligarchs). Clayton wanted to push for more IPOs in the market at the time, rather than private ownership by private equity or company owners. + +&#x200B; + +Remember, it’s almost like someone bought a shit ton of puts on IPOs: the number of publically-traded companies has gone straight down since its 1996 peak. **Usually, underwriting was high-risk, high-reward. But once the SEC opened up the floodgates, this meant the casino–meaning the big banks–basically almost always won:** + +https://preview.redd.it/a5pzn5ocwwn81.png?width=937&format=png&auto=webp&s=34f62dd3f4149b159db38c5fac953c9e3f20b800 + +&#x200B; + +>“**Thanks to the SEC’s explicit statement allowing naked shorting during IPOs, banks now have a chance to win regardless of outcome. When the IPO goes well, banks pocket big underwriting fees without trading losses. When it doesn’t go well, banks can still pocket big profits--but the profits come from the trading side, because naked shorting allows banks to profit from the declining stock price…** +> +> +> +>**In the tug-of-war, banks used to draw the line more toward the side of investors because the banks could lose big money if they caved to pressure from issuers and priced the IPO too high. But today, banks now have an SEC-authorized tool to manage their downside risk.”** + +&#x200B; + +Thanks SEC and thanks Apollo dickrider Jay Clayton! + +# 12. Click Like, Subscribe, or Oversubscribe + +If not for Clayton’s dipsit ways, then we might have relegated stories like that of Goldman naked shorting IPOs to the dustbin of history. **But this kept technique kept happening, like Facebook in 2012:** + +&#x200B; + +>“...when Facebook held its IPO in 2012, its shares were in high demand due to the company’s popularity and future potential. Oversubscription of the company’s shares allowed it to raise additional capital through overallotment to meet the demand…When Facebook held its IPO in 2012, it sold 421 million Facebook shares at $38 to the underwriters, which included a group of investment banks who were tasked with ensuring that the stocks get sold and the capital raised sent to the company. Morgan Stanley was the lead underwriter. +> +> +> +> +> +>When Facebook stock started trading, the initial price was $42.05, an increase of 11% above the IPO price. The stock soon became volatile, and the stock price fell to $38. +> +> +> +>In total, the underwriters sold 484 million Facebook shares at $38 (notice over. This means that the underwriters exercised an allotment option by selling an additional 63 million shares. Press statements indicated that the underwriters stepped in and purchased additional shares as a way of stabilizing the prices. The underwriters had the opportunity of buying back the additional 63 million shares at $38 per share to compensate for any loss incurred in stabilizing the prices.” + +&#x200B; + +[from \\"Facebook IPO: how the company overcame the disaster\\"](https://preview.redd.it/rkit3ypr0xn81.png?width=3546&format=png&auto=webp&s=9198dd4c752d78fb91b35f396c9650b65023b17e) + +Morgan and others were called out for potentially pushing that overallotment into even naked short territory: + +&#x200B; + +>“Right now, reports Lynn Cowan of the Wall Street Journal, while Facebook investors digest the fact that the stock has now dropped to $19 from an IPO price of $38, Facebook's bankers are divvying up another $100 million they made on the Facebook stock, this time in a much less visible fashion. +> +>**How did the bankers make this second bonanza?** +> +> +> +>**By shorting Facebook's stock.** +> +>**By, in other words, selling Facebook stock they didn't own and then cashing in when the price dropped** + +&#x200B; + +&#x200B; + +>Wall Street didn't call this "shorting" the stock, of course. Because "shorting" is widely understood to be a bet that a stock will drop. And obviously bankers don't want to be seen as "betting against the clients" they just sold IPO stock to. +> +> +> +>**Instead, the big short position that Facebook's lead banker, Morgan Stanley, took in Facebook's stock at the IPO price is described as engaging in "price stabilization"...** +> +> +> +>With Facebook, we all remember, the underwriters "supported" the stock for the first day, helping it close just above the IPO price. **Then the underwriters gave up on supporting it. And the stock has traded pretty much straight down from there.** + +&#x200B; + +Now I’m not a fan of the Zucc, but am even less of a fan of banks like Morgan and friends being able to pull naked shorting fuckery literally out the womb for any given stock. +And it wasn’t just Facebook. + +# 13. Uber & A Rose by Any Other Name (or Thanks, Leslie Picker!) + +Uber was yet another example! Morgan Stanley was ALSO the fucking underwriter.It opened at $45 a share and was naked shorted as part of its IPO. But the naked shorts weren’t enough sTaBiliSaTiOn for Morgan’s strategy: it fell by 10% by the next day**.** + +**Based on its size and market cap, the steep drop-off was SO BAD it was actually the biggest 1st day drop in terms of dollar loss for an American IPO EVER.** + +&#x200B; + +One of the things that Melissa Lee & the other CNBC jOuRnAliSts said was naked shorts didn’t exist, and barely offered to utter the fucking words for ages. But even here, with this Uber story, you can call this all out as bullshit that they knew in another way that naked shorts existed. + +And remember, how do I know that the fuckfaces at CNBC are lying about not knowing what naked shorts or having never heard of them**. IT’S BECAUSE THEY GODDAMN REPORTED ON THIS UBER NAKED SHORT IPO THEMSELVES:** + +&#x200B; + +![img](ujr1396pwwn81 "thanks Leslie Picker! +") + +&#x200B; + +>“Uber underwriters worried about the IPO deployed unusual ‘naked short’ tactic to support the stock” +> +> +> +>But in rare cases, bankers will use a strategy called a “naked short,” which allows underwriters to sell shares in excess of that greenshoe portion and then buy them back in the open market to provide even more firepower in the event there is significant selling pressure. + +**CNBC’s Leslie Picker wrote about how this “rare case” (ah yes, an unusual and rare unicorn that NEVER shows up in our free and fair markets!) was used with Uber**. My favorite part? + +&#x200B; + +>**“The technique shares the same name as a practice that was outlawed during the financial crisis of 2008, but it is legal, and Uber’s prospectus warned it was a possibility”.** + +&#x200B; + +So a technique deemed “legal” while hordes of researchers dub stabilisation techniques like that as outright price manipulation for the sake of liquidity, all while trying to judo yourself out of it being a cOmPleTeLy dIfFeReNt ThInG that just HAPPENS to share the same name as something outlawed. + +&#x200B; + +>“The naked short technique shares the same name as a practice that was outlawed during the financial crisis of 2008, as defined by shorting stock that does not actually exist. Typically, when a trader seeks to put on a short position, he or she must ensure that the stock physically can be borrowed before placing a negative bet on it. Before the crisis, investors were shorting shares in excess of the available float, which added undue pressure on certain companies’ stock prices. +> +>However, naked short selling as part of a syndicate in an IPO is still legal, according to Securities and Exchange Commission rules, and was disclosed in Uber’s prospectus as a possibility.” + +&#x200B; + +Don’t worry! This just sHaReS tHe SaMe nAmE! + +[why are you surprised to utter something that your coworker reported on just a few years back?](https://preview.redd.it/k8y5v3b31xn81.png?width=640&format=png&auto=webp&s=b451eadc3d4fb4d6e49bb1eef820f0d5008e2c4c) + +**And whether it’s outright lying or lying by omission, I find it hilarious if not fucking infuriating that CNBC has never wanted to discuss this problem.** Picker’s piece even included this wtf-fuckery of bankers “consoling” over this shit: + +&#x200B; + +>“Some of the bankers tried to console market participants prior to the opening of trading by telling them that there would be additional support from the naked short, said one of the people, who asked not to be named discussing private conversations. The exact size of the naked short could not be learned, but it is expected to have been “fairly small,” two of the other people said.” + +&#x200B; + +They added that it’s usually reserved for larger deals since banks would need the extra liquidity to be able to deal with the risk. (**Also, ahem we don’t know how much Morgan made off naked shorting Uber at the IPO as they and the car company both declined to comment)**. + +# 14. Task Failed Successfully + +Uber’s overallottment was seen as an utter failure by Morgan & Co. among researchers who looked into it: + +> +“Overallotments at $45 per share, therefore, gave the underwriters between $1.2 and $2.8 billion to make stabilizing purchases…**Uber’s underwriters did not attempt to defend the initial offering price of the IPO—or else they failed to do so, miserably.”** + +&#x200B; + +**Forbes’ Caitlin Long pointed out that an obscure law (Uniform Commercial Code Article 8 Section 8-504 also allowed this type of naked shorting:** + +&#x200B; + +[seriously Caitlin Long is the shit, def suggest checking out her research!](https://preview.redd.it/atejigln0xn81.png?width=800&format=png&auto=webp&s=4223e09d94f996ab55307753b5c3cd0065fe7683) + +&#x200B; + +>**“Section 8-504 attempts to mitigate the dangers of “overissue” of securities by requiring securities firms to hold a sufficient quantity of securities to satisfy all customer claims--but buried in SEC rules are myriad loopholes that enable securities firms to “overissue” securities (such as naked shorting of IPOs,** operational shorting by ETF market-makers, rehypothecation, failures-to-deliver, the Customer Protection Rule enabling debits not always to equal credits, and other examples). + +&#x200B; + +**And she should know how Morgan fucked up. (Seriously, Caitlin Long seems to be a fuckin’ badass). This is because she worked at its pension solutions business (“I saw inaccuracies in Wall Street’s ledger systems while running \[this at\] Morgan Stanley”)** and eventually moved into blockchain laws for the state of Wyoming (she’s a gubernatorial appointee (non-voting) to the Wyoming Blockchain Select Committee). + +&#x200B; + +If you’re wondering what she argued then was one way to get around this fuckery, then you’re guess is as good as gold. + +&#x200B; + +>“**Answer: Naked shorting is impossible to do when securities are issued natively on a blockchain.** Had Uber’s shares been issued on a blockchain rather than through legacy systems, banks simply would not have been able to issue more UBER shares than the quantity of shares outstanding. The price-suppressive impact of the naked shorting--however large or small it was in the Uber case--simply could not have happened. And, had the banks had no way to protect their downside risk by naked shorting, one can only guess how much lower Uber's IPO price might have been… +> +>The fact that naked shorting of stocks is legal at all is a vestige of history--of outdated US laws, which themselves simply codified a market structure for US equity markets that has also become outdated.” + +&#x200B; + +**She puts her worries more strongly: “US markets seem to have a value system in place, where liquidity matters more than solvency…”** + +# 15. Hwang in There? + +One last thing, remember when ViacomCBS cratered and Credit Suisse got fucked, nearly a year ago to the day? + +Well, ViacomCBS had a greenshoes option there that got fucked as well: + + +>“ViacomCBS’s stock closed on March 23 at $91.25; the offering priced at $85. The stock hasn’t traded above $85 since; the day after the offering, it closed at $70.10; it closed yesterday at $43.89. If the underwriters bought in their 3-million-share greenshoe at the volume-weighted average price on Wednesday, March 24, the day after the deal, they made about $9 per share, or about $27 million.” + +&#x200B; + +Viacom was hoping to raise $3 billion total, but only ended up with $2.7 billion (poor babies). Hm, I wonder why there was a gap? Here’s a hint! It’s our dear loss porn guru Bill Hwang: + +&#x200B; + +> +“The \[IPO\] timing here is awkward. The deal launched on Monday…On Tuesday, a downsized $2.7 billion total deal priced. The $300 million difference was because Archegos Capital Management, a big ViacomCBS investor that had been expected to be an anchor order in the deal, didn’t buy any stock, apparently because it had run out of money on all of its levered stock bets. (As we discussed above.)” +> +> +> +>“On Wednesday, the stock fell further as “investors who had received larger-than-expected stakes in the new share offering and had seen it fall short, were selling the stock, driving its price down even further.” On Thursday, Archegos’s banks were discussing what to do about it, and Morgan Stanley — one of those banks, but also the bank that led ViacomCBS’s offering — shopped around some Archegos positions to hedge funds. By Friday, Morgan Stanley and Goldman Sachs were blowing out a lot of Archegos positions, including ViacomCBS, as prices fell further. Also on Friday, the ViacomCBS offering closed, and the banks delivered ViacomCBS shares to investors in exchange for their $85. The stock closed that day at $48.23. + +&#x200B; + +[underrated find\/post by u\/fioreman](https://preview.redd.it/muqn5gyh0xn81.png?width=863&format=png&auto=webp&s=85d061f0edf973436286c2c018e24afea72a1683) + +&#x200B; + +>**The fact that Morgan Stanley was selling Archegos’s ViacomCBS stake at almost the same time it was buying back the greenshoe does not look great.Its job as underwriter was to stabilize the stock; its job as a financier of Archegos’s defaulted position was pretty much to sell it as quickly as possible. One side of Morgan Stanley was stabilizing the stock, the other side was destabilizing it.** +> +> +> +> In a week when Morgan Stanley was urgently selling millions of shares of Viacom stock to avoid a disaster on its Archegos financing, it also had a free option to buy a lot of ViacomCBS stock because of the offering it led. +> +>I don’t want to overstate this .Still. +> +> +> +>If you bought shares in the ViacomCBS offering at $85, you might be miffed that the stock fell by 50% right after the deal due to some risky financing that Morgan Stanley had been doing behind the scenes. You might also be miffed that Morgan Stanley profited from that drop, in its role as underwriter of the offering, even if it risked losing a lot more money from that risky financing.” + +&#x200B; + +From my research so far, I haven’t been able to find if there was a naked shorting option that went wrong there as well, and perhaps it’s ironic that Morgan has been the lead underwriter in all of these fucking cases. + +# 16. One Laster Thing: The Citadel & Reddit IPO + +**If you apes recall, our very own Mayonnaise connoisseur was hoping to IPO soon. Now knowing how stabilisation, greenshoes, and naked shorting might play into a new stock’s IPO, we should be wary of its prospectus terms with the SEC once Ken Griffin, financial terrorist extraordinaire decides to move forward.** + +IF Citadel chooses to do any sTaBiLiZaTiOn, this would be disclosed in the prospectus of its stock. + +&#x200B; + +[credit to u\/super\_share\_8721!](https://preview.redd.it/1gcuvchxzwn81.png?width=849&format=png&auto=webp&s=b888eb20f08f565bee6949c8a9836586bb3f2040) + +Stabilisation is governed by Rule 10b-37 of the 1934 Act. Even though 2008 was meant to knock it out (“However, in 2008, the SEC eliminated the practice of what it termed “abusive naked short selling” during IPO operations… The practice created a strong perception that the shares of a particular company were moving very actively, whereas, in fact, only a small number of market players were manipulating the price changes”), we know now that isn’t the case as per Facebook & Uber at the very least. + +Remember even though naked shorting was made “illegal” during the 2008 crisis, underwriters were allowed to since–per Apollo Global’s Yahoo Fudnance, I mean Yahoo Finance!’s Brian Cheung: + + +>”The logic is that the underwriters, who created the new shares to begin with, should have no issue failing to deliver since they plan on quickly re-buying the shares in order to prop the stock back up anyway”**.** +> +> +> +> **This “infrequently deployed” tactic is meant to be, well…infrequent. Supposedly…** + +&#x200B; + +https://preview.redd.it/yqx6jdt50xn81.png?width=1113&format=png&auto=webp&s=c70aa7b2eaf2b78400b4d4de2159ee550405a44a + +**But remember dear apes, unlike overallotment via greenshoes which is PUBLICALLY DISCLOSED, naked shorts during an underwriter’s IPO are NOT. And–at least from a 2007 paper–most naked shorts for an IPO involve MORE shares than allowed via greenshoe. This means that if my PEEN stock can have +15% extra stocks, on average most naked shorts in IPOs could be wellllll north of that number.** + +So how might this relate to the Citadel IPO? Remember Uber? + + +>“Uber warned this could happen in its prospectus: “A naked short position is more likely to be created if the underwriters are concerned that there may be downward pressure on the price of the common stock in the open market after pricing that could adversely affect investors who purchase in this offering.” + +One possibility that I could may see in my smooth as baby dolphin ass brain is that these steps happen: + +1. **Citadel files its IPO with the SEC in a public filing for its shares** +2. **It has a “greenshoe” clause/set of columns thrown in there (just like Olaplex did) saying that there can be an overallotment of shares (15%)** +3. **In reality, its underwriter (lets say Morgan) naked shorts the fuck out of it well over the 15% greenshoe option. This might also keep Citadel off the hook for naked shorting its own stock as a market maker maybe to take some heat off** +4. **Apes or other ppl start buying a shit ton of puts on the stock. Hell, some traders might even opt to naked short Citadel thinking they’re gonna go tits up soon because of MOASS or even the entire global market going to shit** +5. **Citadel could use its market maker privileges to let its own stock price fall** +6. **Eventually, before the 30 days are up, the underwriter might buy up all the shares up on the cheap, perhaps even igniting a “short squeeze” on Citadel. That primary underwriter makes out like a bandit and so does Citadel** +7. **Citadel might be able to pivot this short squeeze now and point fingers at apes/retail traders saying we’re the ones responsible for short squeeze fuckery as a result** + +**With the Reddit IPO coming up as well, it also means that techniques like this could be used against us apes.** + +It means vigilance–yes, even on the fucking market-maker we hate–and making ever sure they never sneak shit by us, even if it is in the fine print of a very boring prospectus sheet. And in the same way that retirement accounts were lost during IPOs by Duke & Co. investors nearly 20+ years ago, we don’t want to see that happen again. Because some things never change. + +But criminals and financial terrorists often don’t. +Just a trust me bro. + +So since the stock split was announced months ago, I’ve been hyping GameStop. Now that it finally has an expiry date, I’m hyping again. + +Because of the date, 3 people have FOMO’d in and have bought through Fidelity. + +Once in, I’m show them the horror of the shorts dd (sorry no link) and now they are figuring out how much more they can invest and asking a ton of questions. Guess what they are doing next? + +DRS’ing that shit. + +The FOMO is here guys. That was 3 people that have never bought a stock in their life. + +Hedgies R super fuk + +🚀🚀🚀🚀 +I have a maybe once in a career opportunity to be directly involved in my employer's negotiation of its new 401(k) plan (not with Fidelity). In addition to mega backdoor Roth (more on that below), are there plan features I should seek in order to help me on my path to financial independence? + +Enabling mega backdoor Roth is my #1 personal priority here. Currently my employer does NOT allow post-tax contributions. Which has been a bummer. What might be the reasons for this? It wouldn't appear to cost the employer any more $$ based on the fee schedules I've seen. + +If the 401(k) provider won't enable it on their own (or with my gentle nudging), how can I convince our benefits committee to demand it (along with subsequent in-service withdrawals to a Roth IRA) as a plan feature? +If you want 100 shares but you don't have $13k + +But you do have $4,800 + +$4.8k could only buy you 37 shares @ $130 + +But if you bought 2 calls @ 130 strikes for Mar 18 @ $2,400 each, you could THEORETICALLY, if everything happened JUST RIGHT, you could sell 1 call in order to pay to execute the second call. + +You need to sell the first call at a premium of $13k in order to have enough money to exercise the second call. With a Delta of 0.77, you need the price of the underlying (the current price of GME) to go up between $100 -170 (variance because Gamma for this option is 0.0044 currently but will continue to change with price action and increase if price increases, overall increasing the rate of premium increase beyond a rate of $77 per $1 increase of the underlying) + +So. When the price hits between $230 - 300, if it is before March 18th 2022 and Theta hasn't already outpaced your premium value (in this case -$15/day)  then you can sell 1 call option, collect $13k and exercise the second option, netting you 100 shares @ $130 each, now currently valued at between $23k - 30k. + +Congratulations. You can DRS those shares now. + +I don't disagree with options. When someone says don't do options because they're risky and you don't understand them, to me that is like telling someone not to ride a motorcycle. It is dangerous and it takes time to learn. But if that person is willing to educate themselves to do it safely and is willing to accept the risks involved then let them. There are rewards to be gained if you can achieve them. But it's an expensive hobby and it's risky. + +Edit: + +Thanks for all the kind words. I'm glad I was able to help spread some wrinkles. + +Obligatory not financial advice. + +I hope moass takes off before Mar 18, but if it doesn't, I don't think the price will be above $230. Just my opinion. Excited to see DRS numbers on the next report. 💎🙌🏾 +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Research show that people rarely rise above the social class they were born in/grew up in. Basically, if you grew up poor, you will most likely stay that way. +FYI, your posts, stories, ideas, adversities, and real-world FI advice in this and the sister FIRE subs are invaluable. Especially for those of us who, unfortunately, really can’t discuss these goals and details with our immediate family and friends for a myriad of reasons, none of them good. Much of that’s been covered here, but it is real. Stealth FI wealth is the best avenue for many of us. + +Living debt free, aggressively saving, and having the actual option of leaving full-time corporate America or other careers for other pursuits (or less pursuits) is so powerful, difficult to accomplish, and really worth celebrating when you finally achieve it, as we’ve very nearly done. + +Thank you for helping with that. You get it, and those in my normal life for the most part can’t or won’t without the stock resentment, entitlement, suspicion, or general mild negativity (“Well, whaddya gonna’ do now, Mr. Richy Rich fancy pants??”). So I enjoy the subs’ posts and questions as many work toward FI. Very heartening. + +Thank you. + + +Should I ramp up how much I'm contributing? Seems like an easy thing a layman like me can do. Should people adjust their contribution percentage based on how the market is performing at this or that time? If, in the end, the value always goes up, does it not make obvious sense to go hard right now? +First big time casualty of the pandemic: + +https://www.wsj.com/articles/hertz-preparing-bankruptcy-filing-as-soon-as-friday-night-sources-say-11590182538?mod=searchresults&page=1&pos=1 +There's been lots of advice since January about "lawyering up" after MOASS. Sadly, you can't just dial 1-800-lawyers and ask the answering service to connect you to a...money(?) attorney. So I spoke to my uncle who is a district judge in the great state of...well, one of the great states in these United States. International apes, this might still apply, but your kilometrage may vary. + +Anyway, I asked him, hypothetically if someone were to win a bunch of money in the lottery, like a hundred million or so, what kind of attorney should they get? He replied with some helpful ideas I wanted to share because it's not like you just walk into a law office and say "I'd like 1 lawyer, please!" + +He said to get a tax attorney who is also a CPA that can provide estate planning. A large firm should also be able to provide the following services and may be of interest to the "newly wealthy" + +* Wealth management +* Estate management +* Tax planning +* Multi-generational trusts +* Wills +* Living trusts +* Asset protection +* Charities +* Private foundations + +This helped me narrow down what to look for and where. And something I didn't know, attorneys are licensed by state, so don't think you need to fly to New York or LA to get a "national" attorney. The bigger firms in your state's largest cities should have all of this available. Also, don't gift money or assets (stocks, cars, etc) worth more than $15k per recipient per year or else you'll have to deal with the IRS over gift tax. Set up a trust for this kind of stuff if you want to take care of/help out family and friends. +Can we just imagine some of the headlines… + +“Dow drops 75% over 1 month after half of Earth’s population wiped out by Thanos” + +Or something like… + +“S&P 500 drops 15% pre market after a wormhole opens in New York” + +Lmaoo +Saw a post on here & it got me thinking (kind of freaking out too if im honest) & would love some of your thoughts. + +* 23 M/F (married) + +* I'm a self employed PT (50k~ salary with room to grow) + +* He's a farmhand (41k salary, he's looking for new work but its a slow process unfortunately as he has no qualifications & only other experience in cafe's) + +* We live in Western Sydney with my parents, its pretty much impossible to find a house under 600k unless we move out towards Hawksbury/Blue Mountains which we don't want to do as I work closer to Blacktown (split shifts.) + +* Current joint savings at 110k (i'm expected to pay around 7k tax in July though) & 1.5k in stocks + +Our goal is to buy a house by the end of the year, but with prices of sydney housing its seeming like we'll never be able to find a house at our goal price of under 550k within the area we need to (probably cant go further than Windsor). We don't want to have to take out a higher mortgage & struggle, our friends have done just that & all they do is work & sleep to be able to afford it- theyre miserable. + +Moving interstate isnt an option as his mum has cancer & we dont want to leave friends & family. + +Are we kidding ourselves? Should we just keep waiting, saving & pray that housing prices go down? Sorry if this seems inarticulate, I have ADHD & I'm pretty dumb with all this stuff. Feel free to ask questions. + +edited just to format better +With all this bullshit with mods going on, everyone should expect a huge (artificial) dip this coming week. The hedgies are looking for ways to capitalize on the dumpster fire this has become. The DD is done, just HODL. The downfall and rain of FUD on this sub was to be expected but don’t be surprised when the price dips this coming week. +The bullrun is back in full force. I can smell new all time highs in the next few days. + +But altcoins aren't moving as much as you expected. Time to go all in on BTC again? No. Not yet. + +Understand that everything pumps in turn (granted they're good projects). + +Don't chase anything. That's the only way you will lose money during a bullrun. Believe me I've tried. + +If you've chosen a good project well and with conviction. There's high chance that it will pump in the next few weeks. There's always been a history of an alt season following a BTC pump. However, take my words with a grain of salt. + +History doesn't repeat itself but it certainly rhymes. + +Mandatory disclaimer: Not financial advice! + +EDIT: BTC just made new ATH within hours!!! +French here. Sold 13% of my stack to move & start my new life in Japan from January. + +It was really hard to sell, heartbreaking. Bitcoin allow me to realise my dream. +So, I saw the story ['How Puerto Rico Became the Newest Tax Haven for the Super Rich'](https://www.gq.com/story/how-puerto-rico-became-tax-haven-for-super-rich) and saw the quote from my title mentioned there. + +I haven't seen this referenced here before, but it seems like it'd be a prime topic. Assuming that act stays in effect long term, could I move to Puerto Rico for retirement and not have to pay any taxes on my 401k withdraws? +I have a bunch of savings (£11k) that have accumulated over the last few years. Its all in cash and now i want to do something with it, i’m happy to pay any tax etc but HSBC said they won’t let me deposit it without proof of where it came from. +I’m a bit stuck. Would love any thoughts from this group. + +UPDATE: This group came through like I knew it would. Thank you all so much for your suggestions. I managed to deposit a smaller amount in to another branch and will do the same again over the next few months. My plan is to close the account and move to a more ethical bank as soon as possible. +[BitFlyer](https://bitflyer.jp/en/?top_link) in Japan is a major part of the fiat BTC trade but it does not have a [ETH/JPY pair](https://coinmarketcap.com/exchanges/bitflyer/). JPY represents [67% (was 52% 2 weeks ago)](https://www.cryptocompare.com/coins/btc/analysis/USD) of the total BTC volume by currency. + +If you are in Japan, know people using BitFlyer, or trade on BitFlyer and want to help increase the value of ETH then you should consider lobbying BitFlyer to introduce a ETH/JPY pair by direct contact or via [twitter] (https://twitter.com/bitFlyer) and [Facebook](https://www.facebook.com/bitflyer/). + +The BitFlyer website states that they will be coming to the US in Fall 2017. Gentlemen in the US you know what to do. + +A sustained tweet campaign from EthTraders to BitFlyer would help raise awareness of ETH to users of BitFlyer and might help bring about change. Example tweets (better if in Japanese): +"When will BitFlyer introduce a ETH/JPY trading pair like Coincheck?" +"I would use BitFlyer in the US if there were ETH/JPY and ETH/USD trading pairs". +"Quoinex, Neraex, xBTCe have a ETH/JPY pair why doesn't BitFlyer?" + +**tl;dr** The exchange BitFlyer has the major BTC/JPY and BTC/fiat trade and a BitFlyer ETH/JPY pair will help boost the second leg of the flippening. Those who have been here a long time know that there is always an increase in ETH price when a ETH/fiat pair is introduced by a major exchange. Ask not what ETHereum can do for you, ask what you can do for ETHereum. + +Currently, karma is counted towards the monthly moons distribution even if the moderators remove content from which the karma is earned. The reason for this stems back to when the community use to have an event called Weekend Memes. The intention was to count karma even though all meme posts were removed on Sunday at midnight when Weekend Memes ended. + +&#x200B; + +Since Weekend Memes was discontinued several months ago, this concern is no longer valid today. It makes logical sense to only award moons to content which does not break the rules. **If the act of breaking the rules means being rewarded, then why have rules in the first place?** The consequences need to be consistent. We don't want upvote parties or brigades to be further incentivized. + +&#x200B; + +In this poll, I propose not awarding moons to removed content, whether it is a submission or a comment. If a submission is removed, **comments in the corresponding comment section will still qualify for moon rewards.** However, comments which break our rules in these particular comment sections will still be disqualified from moon rewards. Also to clear up any potential confusion, deleted content will not be affected. If you delete a submission or a comment of yours, the karma from this content will still be counted towards the next moon distribution. In Reddit language, content removal is performed by a mod or admin and content deletion is done by the original author. + +&#x200B; + +As a reminder, this poll has been submitted twice already. Here are links to the [first](https://old.reddit.com/r/CryptoCurrency/comments/nb25pk/dont_award_karma_for_moon_purposes_to_removed/) and [second](https://old.reddit.com/r/CryptoCurrency/comments/o4z3aw/disqualify_removed_content_from_earning_moon/) attempts. The first poll had 2.2 thousand votes and 7.2 million moons with 68.7% in favor and 31.3% against. The following poll had a much better vote to moon ratio with 7.4 thousand votes and 7 million moons with 74% in favor and 26% against. They did not pass since the moon decision thresholds were never reached, even though the voting majorities were in favor. Since the moon thresholds for the prior polls were never reached, the proposal technically did not fail. It just is not settled yet. In order for the proposal to be truly settled so we can declare it has passed or failed, **we need a majority voting in favor or against it with the moon decision threshold reached**. + +[View Poll](https://www.reddit.com/poll/oy8aks) +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? +https://www.visualcapitalist.com/global-migration-of-millionaires/ + +I found this article super interesting that is mapping the movement of millionaires from country to country. + +I was a bit surprised that Singapore didn't have a higher influx as it has lucrative flat tax and I thought was a magnet for HNWI changing citizenship. +I do still believe it has the highest per capita percentage of millionaires. +**Ticker:** NGA (SPAC) to become LEV in the next 60 days or so (Q1-21) with approx $500M USD ($640M CAD) cash to invest in growing the business. + +* NGA will merge with private company Lion Electric and trade on NYSE with the ticker LEV. The market cap is expected to be $1.9B *(\*\* at $10 floor price of NGA, today trades at 17.xx so much higher \*\*)* +* NGA will own 20%, 10% will be private placement before deal closes, and the remaining 70% will be from the existing shareholders +* NGA trades at $17.xx USD. It's NAV based on cash injection is $10. Clearly, there is massive interest in this SPAC before it merges in the next 60 days or so. + +**Disclaimer:** Do your own research. This is meant to be for informational/discussion purposes only, and it is very important to do your own homework before making any investment decisions. You can make or lose money. + +**Investor Presentation:** [See here](https://pages.thelionelectric.com/wp-content/uploads/2020/11/Investor-Presentation_20203011.pdf) + +**Context:** LEV fell on my radar during the EV hype largely because of it's Canadian roots. When I invest in high growth/high risk stocks, 3 critical boxes need to be ticked off. + +1. Competent management team with a proven track record +2. Real products with real revenues. Not drawings, not hype, but a proven track record of execution and delivering products that can be experienced **today** +3. High growth/disruptive industry + +**LEV Investor and Management team = I followed the money = SOLID team** + +1. **44% owner of Lion Electric is Power Corporation of Canada (**[**POW.TO**](https://POW.TO)**).** POW is the largest shareholder backing Lion Electric with 44% ownership stake through it's wholly owned subsidiary "Power Sustainable". The Desmarais family (7th richest in Canada) controls POW, and POW has invested in big brands you might recognize like Wealthsimple, Bauer, and Great-West Lifeco. POW's trailing 12 mo revs is about **$50 billion dollars**. Pierre Larochelle (CEO of Power Energy Corporation) will be the chairman of the newly combined firm LEV to ensure Powercorp's investment is a success. See [Nov2020 PR confirming 44% ownership in Lion Electric (proforma 31% after listing on NYSE)](https://www.powercorporation.com/en/news/press-releases/2020/the-lion-electric-company-a-power-corporation-investment-announces-merger-agreement-with-northern-genesis-acquisition-corp-122606/) +2. **Ian Robertson and Chris Jarratt (co-founders of Algonquin Power & Utilities Corp, AQN)** are leaders of NGA and will join the board of LEV post-merger. They are the minds behind the NGA spac who offered to take Lion Electric pubic, leaving LEV with $500M USD cash. They have valuable expertise to steer LEV's strategic initiatives such as "vehicle to grid" to turn these buses into money making machines and reduce cost of operating. +3. **Marc Bedard - CEO/Founder of Lion Electric.** He is sharp individual who was a partner at PWC from 1996-2003. Having worked at these firms in the past, I know Partners are a special breed. They have great charisma, business development skills, and a strong sense of business acumen. Since then he held senior exec positions before starting Lion Electric in 2008. The fact he pivoted from being a Partner at Big 4 into founding Lion Electric in 2008 blows my mind. 2008 was a different time and EV was no where near the adoption rate of today. It takes passion to make the switch from a high paying leadership role to running your own company. 12 years have passed, and now it is showtime for Marc. [LinkedIn](https://www.linkedin.com/in/marc-b%C3%A9dard-42a18622/) + +**Product Offering = Revenue generating products with proven technology to established clients across North America (Amazon, CN Railway, School boards across Canada/USA).** + +[Slide from Investor Prez](https://preview.redd.it/w0wdf5l5m8861.png?width=1338&format=png&auto=webp&s=c7dae48ce8d47bb2c2c4c74b30f44436b54f5324) + +I put some videos and links to press releases that I found from a variety of customers who are using LEV products today. + +*Electric School Buses, videos taken at customer locations (cold climates/warm climates)* + +[Twin Rivers -California Energy Commission video (all LION buses)](https://www.youtube.com/watch?v=pivZ09_J5Hc&feature=emb_title) + +[Twin Rivers - PBS video (if you're from Quebec and took the metro, you're in for a surprise)](https://www.youtube.com/watch?v=Tj1yPvK9yaQ) + +[Oxford Michigan](https://www.youtube.com/watch?v=iHutaq1lGmA) + +[Zeeland Michigan](https://www.youtube.com/watch?v=ogdx_CUgYNA) + +[Transdev Canada](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/) (reveals $166k avg price per school bus, likely a bulk purchase price deal) + +*Electric Trucks* + +[Lion Electric to Deliver 10 All-Electric Trucks to Amazon](https://www.newswire.ca/news-releases/lion-electric-to-deliver-10-all-electric-trucks-to-amazon-815786731.html) + +* Truck is for middle mile delivery (ie between warehouse to warehouse) + +[Lion Electric receives largest order to date 50 trucks to CN Railway](https://www.cn.ca/en/news/2020/08/the-lion-electric-co-receives-largest-order-to-date/) + +[CN Video Press Conference $20M deal / 50 trucks = $400k a pop](https://www.youtube.com/watch?v=15U4DjRLkqA&t=14s) + +* Truck is being pilot tested across Canada and it is an MOU for upto 50 units + +**High growth/disruptive industry = President Elect Joe Biden's stance on Electrifying school buses** + +President Elect Joe Biden is carrying the torch in the fight against climate change. + +[President Elect Joe Biden’s Build Back Better plan for creating a more resilient, sustainable economy proposes making all American-made buses zero-emission by 2030, starting with the school bus fleet, which would convert within five years.](https://www.electrichybridvehicletechnology.com/opinion/how-the-us-plans-to-turn-all-its-iconic-school-buses-electric.html) + +&#x200B; + +[ https:\/\/joebiden.com\/clean-energy\/ ](https://preview.redd.it/s9af9r8cr8861.png?width=1056&format=png&auto=webp&s=eb09a220635bdf5224758a2bb3d78d9520b40c3e) + +His nominee for the secretary of transportation, Pete Buttigieg has called for electrification of school buses in his own presidential campaign (jan2020). + +**Opportunities** + +*Strong backing and recognition from the business world and the Canadian government.* + +Here is a video from Prime Minister Justin Trudeau touring the facility. [Justin Trudeau](https://www.youtube.com/watch?v=-1BLFPYegKY) Touring Lion Electric facility. + +&#x200B; + +[Justin Trudeau Visit](https://preview.redd.it/1m2p77opn8861.png?width=1014&format=png&auto=webp&s=b71191ddee0e4a187a7729dd80e85aed65275080) + +*Over and above the current offering of 7 vehicles, there are 8 additional product releases in 2021 (4) /2022 (4). Competitors have beautiful renderings and great investor pitches but no real products!* + +&#x200B; + +[Competition non existent today in many segments. There is a first mover advantage in securing orders by having the proven technology and providing real world feedback on operating costs for customers. Logos placement reflects the expected production date for the company.](https://preview.redd.it/y09p887qo8861.png?width=1342&format=png&auto=webp&s=da5273d64dded51bd238c9609c6eef51e1cda1c5) + +*Vehicle to grid "V2G" capabilities have been developed and can be deployed with the electric fleet.* This lowers the operating cost of the vehicles by allowing the buses to sell unused electric power back into the grid during peak hours. + +[More details here](https://www.newswire.ca/news-releases/lion-electric-announces-successful-electric-school-bus-vehicle-to-grid-deployment-with-con-edison-in-new-york-869214579.html) + +[Youtube source here](https://www.youtube.com/watch?v=wAiFLP43_rA&feature=emb_title) + +**2500 annual capacity, a multi-year PA for 2500 trucks signed - Who is the BIG WHALE CIRCLING?** + +[Buried in the investor presentation, 1 confidential customer has acquired the rights to purchase 2500 Lion6 and Lion8 trucks and upto 20&#37; ownership in Lion Electric](https://preview.redd.it/a1xz3pdlr8861.png?width=1354&format=png&auto=webp&s=7b0a45849288afe60feb40b7d3f582f6942860b0) + +It is not known who would have $1.1B in purchasing power to demand equity warrants to further take an ownership stake. A lot of twitter accounts speculate Amazon. + +* Amazon only ordered 10 Lion6 trucks. +* They are also known to invest in their EV suppliers like start-up Rivian. Amazon is ordering 100,000 last mile delivery vans from Rivian and also invested $0.7B into the company itself to make sure they get those orders. +* The major reason to go public was to raise the funds to satisfy the customer's demands that the products be made in the USA. If it was Amazon, my feeling is they would have invested the money to get Lion into the USA and secure favorable pricing (similar to Rivian)... All speculation! + +*Financial Forecast calls for $100M EBITDA by 2022 and positive FCF $334M by 2024.* + +* Go to page 31 of investor presentation for details. +* $500M covers all major CAPEX and business initiatives in USA. Good, no further dilution expected. + * $130M set aside for US manufacturing facility = mission critical imho to strengthen US sales + * $125M to develop highly automated facility will help drive down costs to improve profitability = mission critical + * $195M for battery development and R&D ($45M battery modules + $150M R&D) = important to note that R&D credits can be obtained for this type of work in Canada + * $50M for general corporate purposes = 10% of funds used for corporate purposes is reasonable given the high growth environment they are going to be in for next 36 months. + +[$500M Spending allocation](https://preview.redd.it/sz9qbdlp39861.png?width=1380&format=png&auto=webp&s=fa7165b50c3581d8db84c5cbbe5fd1b5a86a4ce1) + +&#x200B; + +**RISKS** + +*More competitors lurking in the dark* + +The investor presentation makes no mention of Proterra. Another EV that is deep into the BUS game. Although the class of buses they build is a lot larger, they are an interesting competitor. I am sure this is only the beginning and there will be more competitors racing into the sphere as the government pumps more dollars and subsidies for the end consumer. + +*Politics* + +Now that President Elect Joe Biden is going to take the reigns of the USA, it is very possible that everything will go back to business as usual. + +Climate change? What Climate change? Without a convincing majority in the house and senate, the democrats cannot make major moves to accelerate EV funding/financing for schools and districts around the USA. **There is a real risk that both houses are in stalemate and nothing ever gets done to advance the "electrification" of the USA.** + +Then again, anyone going against the "electrification" of school buses can easily be vilified for being against "clean air" initiatives for the children taken the cancer bus to school (that's what I call them given that I am now pro ev lol). I do however agree that major spend in EV technology and infrastructure across the USA will create plenty of jobs/innovation/opportunities for EV firms to prosper. A good example of positive EV policy is what is happening in Quebec, Canada. + +[Electrify 65% of all buses by 2030 in Quebec](https://www.newswire.ca/news-releases/plan-pour-une-economie-verte-lion-electric-responds-to-the-need-to-electrify-quebec-853500253.html) + +*The payback period is long* + +&#x200B; + +[Total Cost of ownership is lower than diesel across the board](https://preview.redd.it/gi425lsd99861.png?width=1388&format=png&auto=webp&s=5af6f77dd90ad49961a360210fb74f91ca53dd37) + +Although the total cost of ownership is favorable compared to diesel vehicles, it will take innovative and charismatic individuals to make the pitch to decision makers to adopt Lion Electric school buses. Staying with the status quo and setting aside contingency funds for emergency repairs is so much easier than BOLDLY stating to upper management that now is the time to buy electric school buses. To make that conversation easier, there needs to be important grants and subsidies to fund the upfront costs. See point 1 = politics. + +The good thing is that overtime, the payback period is expected to reduce SUBSTANTIALLY, paving the way to make it a really an easy decision to buy electric. + +*The Merger deal with NGA and Lion can still fall through. Anything can happen between now and the closing date which means NGA can tumble down to $10 NAV price if both parties agree to walk away amicably.* + +**Conclusion** + +I own about 700 shares of NGA and I wanted to jot down all my thoughts about why it is a compelling investment opportunity for me. + +The products are real with 6 million miles combined (1 million in 2017), real customers are buying it, the company is generating real revenues, and they are backed by one of Canada's wealthiest families through Power Corporation of Canada! + +Other materials: + +[Merger Link](https://pages.thelionelectric.com/lev/) + +[Factory Tour!](https://www.youtube.com/watch?v=rsOuM1G2yho) + +[TDAmeritrade Interview - same stuff but you get to see Marc perform in English (2nd language for him)](https://www.youtube.com/watch?v=IODRAlMJ3Oo) +Please review it after ignoring the last MAB Changes & a bit of updates in the ATM charges etc. Every bank introduces changes now & then and with the digital convenience they bring, it's quite better than any other bank. + +Also, comparatively, DBS has got a simple straight rate & fee chart that'd fit a single page instead of the ones by a lot of other banks which have it 3+ pages & new charges you'd get to know after you've been charged. So the charges & everything look still pretty competitive with a decent MAB & free ATM transaction count. + +I'm willing to use DBS as a emergency fund & wealth accumulation account with an SBI account to use for regular payment from UPI, SIPs, stocks to Bill payments. Your experience? +What's **IBEX** about? + +&#x200B; + +IBEX is a hyper deflationary, community owned, fair launched token. + +Launched 5 days ago, the aim of IBEX is to build on the growing Binance Smart Chain ecosystem. The community has already arrived to BSC, but the infrastructure is still lacking. Here is how we plan to contribute: + + + +✅ Android & iOS app tracker upcoming in the following days + +✅ BSC Chart Viewer upcoming ( 2 months ) + +✅ BSC Payment Provider ( 4-7 months ) + +✅ More secret projects to be announced + +&#x200B; + + + +The other goals that we have in progress: + +🔜 CoinMarketCap listing pending + +🔜 CoinGecko listing pending + +🔜 Coin audit soon + +🔜 Exchange listings + +🔜 NFTs + +&#x200B; + +Token features: + +🔥 The LP has been **burned**, proof can be found on the telegram below + +🔥 The ownership has been **renounced**, proof can also be found in the telegram below + +&#x200B; + +Other features: + + + +There is a 7% total fee on each transaction. + +5% fee automatic adding to the locked liquidity pool when selling. + +2% fee automatic distribution to all holders. + +There was no presale, launched directly on PancakeSwap; + +&#x200B; + + + +Contract: 0xe2f710fbe35d0305d8bd009be2d473a88ef82e64 + +TG: [https://t.me/IBEXcoin](https://t.me/IBEXcoin) + +W: [https://ibexcoin.net](https://ibexcoin.net/) +I have about 14k in various stocks. I have 2k in my savings account. I really tried to push the stock market hard this year as a means to make some money. Hence no savings. My cat is now really sick and needs a surgery and I’m looking at about 10k all said and done. I’m going to go through with it. I have no credit card debt right now. Would it make sense to put the surgery on the credit cards and keep the money in the stocks? Then work on aggressively pay them off in the next several months. Maybe get it done in the next 6 months. Or pull out all that stock money and pay for the surgery outright? + +Edit: after and x-ray and an MRI. The prognosis wasn’t good. So we decided to put him down today. If we would’ve kept going for treatment the estimated cost would’ve totaled 17k all said and done. And a questionable quality of life. Getting a second opinion, traveling to Mexico, going to a veterinarian school and getting a no interest credit card were all options suggested to me. None of those options seemed to work out for us. Still ended up costing around $5,500. For the overnights and all the test. Thank you to everyone who reached out and spent some time with my story. + Hello everyone so in october my mother passed away from a long 2 year fight with lung cancer. My parents are split so as an only child I got everything. She didnt own her home but from the car and her retirement accounts i ended up with just over $130,00 I used some of it to pay off my car and bought a new gaming computer (which looking back i didnt really need) and a few other things. + But my question is, what should I do with the rest of it? I am currently living with my grandmother and need to stay here as shes getting rather old herself and she needs someone to look after her, also her house is almost an hour closer to my work than where I was taking care of my mom so it's very convenient for me to stay here. I'm hoping to buy the house off of my father whenever she passes away because he owns his home and would almost certainly sell it. So there is a part of me that wants to leave the money in savings or investment accounts to hopefully have it there when I need to buy the house I'm currently living in as I dont think I'd ever really have a want or need to move. + Alternatively, i could go to college and graduate with 0 debt and. I do have almost a full semester of credit from advanced classes in high school but I've never really been the kind of person who felt like school was right for me plus I'm already on a career path that I can make a decent living from, that I enjoy, and dosent require a degree. + And lastly, I could use the money to open a business but I'm not sure what kind of business I would run, I could probably open a subway franchise withought needing a massive loan as I hear they are pretty cheap but my belusiness experience dosent extend pass ap classes and FBLA competitions in high school (I did make it to nationals one year but i understand that I'm still quite far from being fully prepared to run my own business) + + + So basically, what would you do if you were in my position and why? I'm just trying to get some different perspectives. Thanks! + +I'm trying to put together some disparate pieces of information to figure out where I come out this year. + +I took out an early 401k disbursement for coronavirus hardship, 20% tax withheld, of $10k. All subject to short term capital gains tax rate. + +I also had an outright capital loss of $10k from thinking i knew how to trade. Lesson learned, but there it is. It's possible some trades are subject to wash sale rules, but for simplicity I'm assuming they're not. + +All other income is w-2 wages. + +Do my investments: +1) cancel outright, returning withheld taxes + +2) net -7k this year, followed by +3k for two years as per the hardship distribution + +3) net 0 for three years due to both the distribution rules and tax loss maximum + +4) something else? + +Also as a second question, the hardship distribution was self certified, does that mean I have to submit something? I can't find a form of any kind anywhere, is it only to be proved if I'm audited? + +Thank you for any help you can give, I'm out of my depth. +> Initial claims for state unemployment benefits decreased 13,000 to a seasonally adjusted 222,000 for the week ended Dec. 21, the Labor Department said on Thursday. + +> Claims have been volatile in recent weeks around the U.S. holiday season and end of the year. + +> The drop in the latest week largely unwound a surge in new claims two weeks earlier that appeared to reflect a late Thanksgiving Day this year compared to 2018. + +https://www.cnbc.com/2019/12/26/us-weekly-jobless-claims-total-222000-vs-220000-expected.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Just discovered my spouse (of over 20 years+) has a secret bank account with a fair amount of money in it (ie a brand new luxury car amount), along with various other shareholdings and investments. + +Bit of background - we have contributed equally to everything (mortgage, bills, living costs). Spouse earns slightly more (about 15%) so as a proportion of income I am now contributing a bit more. I'm guessing the slightly more amount is being saved in the account. + +Not sure how I feel about it and wanted to get others thoughts. It does feel like a kick in the guts as pretty much all my savings, bonuses etc were put into the mortgage/investments so I never put aside any for myself. What is legally in my name is fully disclosed and can be accessed by either of us. I currently have a couple of grand in my own name for personal hobbies/expenses/ATM access. Around 90% of my pay goes to a joint account. + +We are pretty financially literate so its not as though it would not be obvious the opportunity costs of holding the money in cash. I thought we were very open about finances but clearly there are some (quite material) pieces missing. + +Do I start putting aside some for myself going forward ? Is this a normal thing ? I am not after relationship advice but rather ideas on how others manage their finances vs joint finances. + +Thanks all. + +EDIT - Thanks for all the comments - lots to think about. I looked back and turns out I am a better saver than I gave myself credit for. In the past 5 years I have put about $125k extra into the joint account. Makes sense I suppose as I always just have the few grand in my everyday account and as it builds up it gets transferred to the joint account in addition to the larger monthly transfer on payday. Time to save up for my own Tesla ! +There are a lot of comments on how us non-experts don't get concepts and are not really helping the discussions. What would help people get up to speed to actually improve the subreddit? +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. +https://www.cnbc.com/2021/10/26/robinhood-third-quarter-earnings-2021.html + +For the third quarter, total net revenue came in at $365 million, missing estimates of $431.5 million, according to Refinitiv. Revenues increased 35% year-over-year but were well below the second quarter’s revenue of $565 million. + +Robinhood said it expects fourth quarter revenue no greater than $325 million. The company sees account growth in line with the 660,000 opened in the third quarter of 2021. + +“For the three months ending December 31, 2021, we anticipate that many of the factors that impacted our third quarter results, such as seasonal headwinds and lower retail trading activity, may persist,” the company said in a press release. + +Robinhood reported a net loss of $1.32 billion, or $2.06 per share. Wall Street was expecting a loss of $1.37 per share, according to Refinitiv. It was not immediately clear whether those figures were comparable. + +Net cumulative accounts dropped to 22.4 million from 22.5 million in the second quarter. Month active users totaled 18.9 million, compared to 21.3 million in the second quarter. +Read into the full context regarding Dr Trimbaths recent tweets. If it was so easy to close positions in broker accounts, why didn't they do it during the January sneeze? + +Stop FUD'ing. Not everyone can DRS. + +The MOASS isn't a thing if you believe brokers can just press delete that easily. + +Calm down, people. +Technically I've been worth 'nothing' for a while if you include the value of my house. But as the house is not exactly a liquid asset this is much more of a milestone toward independence. + +I could, if I wished, pay off my mortgage even if I got fired tomorrow... I'd have to sit in the dark and eat the furniture, but every penny from now is pure independence! + +Index ETFs are the way to go and they’re getting more and more popular, but I was thinking.. are we creating a monster? + +If you look up pretty much ANY company on the S&P500, the largest holders are ALWAYS Blackrock and Vanguard. Are there any implications to this? Does this give Blackrock/Vanguard some degree of influence over those companies as their largest shareholder, or does it privy them to some sort of inside information across industries/sectors which would advance their own agendas? + +I can’t help but feel there must be some sort of downside to 1-2 companies owning the largest holdings of all the most powerful businesses in the world. Or is this just a crazy paranoid/NWO/Rothschild/conspiracy idea? + +EDIT: To be more clear: i’m talking about concentration of power, i’m talking about Jack Bogles quote before he died about effectively, “too many shares, in too few hands” and how it would lead to control of the market and NOT serve the public. Let’s keep in mind these companies also own active funds and have actual voting power in these companies. I don’t know what to do because I love and own XEQT. + +LINK: https://www.bloomberg.com/news/features/2020-01-09/the-hidden-dangers-of-the-great-index-fund-takeover +I work for a medium-sized Software Company as a manager in the Technical Support department. I specifically work with software in the distribution unit. Today, we had our monthly division update meeting, which is usually just information on financials, stats, and some industry trends. Casually, they slipped in some information on a huge trend: + +[Removed information that was confidential and irrelevant](https://preview.redd.it/lnhnuv3xdxv61.jpg?width=2180&format=pjpg&auto=webp&s=8c11ce948feda9c230bf2bbb2b700632eee95e4c) + +Our customers in this division are typically wholesale or office supply sales. As of this past quarter, they are experiencing MASSIVE inflation on their commodities they sell. + +I am not here to go over the DDs that u/Atobitt wrote. If you haven’t read them yet, go read them. They are pinned on his profile. + +I can hear you asking: what does this have to do with GME? GME has a massive negative beta. That negative beta on GME means one thing: as the market declines, GME goes up. There’s already a lot of good DD on this already, so I won’t go into it either. The bottom line is this - GME is the BEST investment to hedge against a market decline. GME WILL moon, the market will decline, and it will be TREMENDOUS when it does. 🚀🚀🚀🚀 + +TLDR; The US economy is experiencing the largest amount of inflation we have ever seen. A market correction is imminent. GME is the single best way to hedge against a market decline. BUY and HODL 💎🙌🏼 + +*Edit: This is not financial advice. I melt down crayons into a soup, throw in alphabet noodles, and that's how I decide where to invest my money.* +I thought this might be an entertaining and encouraging thread if people are willing to share out. As the title states, how fast did you 10x? I'd also appreciate if you shared abit of detail as to how you accomplished this. +I'm 27 and clear just over 1k a week after tax. After rent, bills, food and petrol my disposable income is roughly 400 a week. + +I aim to save 500 a fortnight and invest a little as well, but it just feels like it's nothing and I'm sacrificing nights out etc for nothing. + +Don't even know why I'm writing this to be honest, maybe looking for people who were in a similar situation and found a way out. + +EDIT: I honestly can't believe the response to this thread, i know its nothing crazy but I've never had more than like 20 replies, haha. You've all lifted my spirits and given me some awesome ideas, and have helped me realise that maybe my expectations were too high due to comparing myself to others. Sincere thanks to everybody who contributed :) +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! + +Dippity dippity oh I love thee dippity dip dippity keep falling for me. Dippity dip dippity oh how far will you go? Dippity dip dippity one day you won’t! +Benjamin Graham was Warren Buffett's mentor during his time at Columbia University, and Warren Buffett subsequently went to work for Graham as well. From time to time, Warren Buffett often references various aspects of investing that he learned while under the wings of Graham. According to Buffett himself, the one analogy he found to be the most useful from Graham's book - "The Intelligent Investor" is the concept of Mr. Market. + +According to Graham, the stock market is a salesman that comes and offers you various quotes on the securities that you own. If he is feeling great that day, he might give you an amazing offer. If not, he might give you a lowball offer. The point is - you should never let the salesman's offer persuade you into thinking that your security is somehow more or less valuable. At the end of the day, the securities that you own have an intrinsic value and you should only do business with Mr. Market when it is favorable for you. + +From Benjamin Graham himself: + +> “The intelligent investor shouldn’t ignore Mr. Market entirely. Instead, you should do business with him- but only to the extent that it serves your interests.” + +In these turbulent times in the market, it is important to recognize that simply because the market is up or down doesn't mean that your company's intrinsic value somehow changed. It is simply what the salesman is offering you today. Instead, you should be looking deeper into your company's revenue growth, valuation multiples, and other fundamental factors and whether your thesis around that has changed. + +The mood of Mr. Market will often open up amazing opportunities in the equity market. In 10 years from now, we will be looking at many companies and saying "wish we had bought it in 2022". Don't let Mr. Market fool you. + +Best of Luck to All! +Just an interesting topic to see where people lie in this. The scenario being a lump sum given to you, what figure would you describe as "life changing" and why? +This is part II of the popular post I authored recently: + +[https://www.reddit.com/r/Bitcoin/comments/re0ldq/there\_is\_zero\_manipulation\_many\_dont\_understand/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Bitcoin/comments/re0ldq/there_is_zero_manipulation_many_dont_understand/?utm_source=share&utm_medium=web2x&context=3) + +And to conclude that one, I’d like to say bitcoin has never been friendly to short time preferences and its vehicles designed to separate people from their bitcoin, **like trading and leverage**. I’ve been around bitcoin since the first Obama Administration, and in the decade since, have come to realize the people that complain about manipulation go looking for it, and quickly find it in trading and leverage. So stop getting manipulated and HODL, otherwise you're too close to the painting, staring at an individual brush stroke. Step back and get some perspective: + +[Why you HODL and shut up](https://preview.redd.it/k9zwl893hc581.jpg?width=2048&format=pjpg&auto=webp&s=9c3999ddce81ab5c1e82ca6250b3039f62f63968) + +The illiquid supply trend has not broken. It’s still moving up. That’s crazy considering we’ve just experienced a 35% drawdown from the $69k peak a few weeks back. And more surprisingly, the CEX exchange reserves are plummeting. So that chart and BTC’s corresponding price will resolve themselves soon. + +[No dirty CEX, not your hard wallet, not your coins](https://preview.redd.it/hj94tgmghc581.jpg?width=1800&format=pjpg&auto=webp&s=e70dd00eb37e65ed6680fa216777f7f87ad717a2) + +And closely related is the realized HODL ratio; it’s quite a ways from being over-extended. You’d like to see it in the red portion up top before a market top. So it appears we’re in the middle the bull-market. + +&#x200B; + +[Let's out-HODL the USD](https://preview.redd.it/ki4ubgpmhc581.jpg?width=1199&format=pjpg&auto=webp&s=01ba518bc4c40548a8733bc7e6da1e989637c460) + +And what’s up with the hash rate? It’s literally at its all-time high. When you see this, that means miners are competing full-blown for blocks because they’re still profitable, which also means none are selling their stockpile, some miners in fact have used low interest debt to buy spot outright. + +[Greta is 18 now.](https://preview.redd.it/2gqh942uhc581.jpg?width=1800&format=pjpg&auto=webp&s=fdaffb41b6f8822c115ceba544fed5ad885c5215) + +As I’m sure many of you have noticed in the past few weeks, bitcoin has attracted a political element here in the US, Europe, and abroad. That to me is extremely bullish and can drive adoption and awareness better than anything else. And if you read part I, you’d know why adoption is the only thing that matters and how it's related to the inflation reset (halving) every 4 years. + +Anyway, I'd like to see a failed try for a lower low this week, a hard pivot and move to an ATH in January. +I am holding ZSP (BMO S&P 500 Index ETF) in my TFSA. I understand there is U.S. withholding tax on dividends of U.S. stock, however, how does it work if the ETF is Canadian and follows the S&P 500, do you still pay a withholding tax since some of those stocks within the ETF do have a [small] dividend? This is a broader question and not necessarily specific to this particular ETF. +I'm sorry for the vague title. I wasn't sure how to explain it. I'm 21 with a major in finance and I currently grew interested in CFA. I reached to a professor of mine for some advice and he pulled a massive twist on me. I have a great relationship with him, and when he saw I was interested on studying for the CFA, he offered to hire me for his company with the condition that I learned to program (I need the working time to sit for the CFA). According to him, I have a lot of "potential". I don't know what in the world that means. Objectively I'm far from a gifted individual. But, the main gist of his offer was, he would pay me 60k a year to work 8 hours a day of which 4 I have to dedicate to financial analysis and trading strategies (which I'm very comfortable with) and the other 4 I have to dedicate to studying programming. He didn't tell me what I should learn but said he wanted me to be able to pour my strategies into a working bot. + +Here's the main problem, despite my experience with finance and trading, I have never touched programming. I love learning, but the more I try to build myself a set of steps to follow in order to learn what he wants, I just entirely confused. The main roadmap I had made for myself was this one: + +* Learn the basics of Python +* Move to Pandas, Numpy, Matplotlib and those sort of libraries for data analysis and visualization +* Delve into the different algorithms (Linear regression, Logistic, KNN, Clustering, etc) +* Learn deep learning? +* Sharpen my statistics and maths along the way + +I have read examined the subreddit extensively and I know I won't get a roadmap, but I would appreciate it if you could tell me if my approach is decent, or if you could give me advice on how to go about learning programming. Should I do courses? Should I learn on my own, if so, how do I do that? Am I too late to get good at this? + +Thank you, and sorry if my grammar is sloppy, English is not my main language. +Hi guys, + +Girlfriend accepted a full time job as a receptionist, her salary is 45k yearly before tax plus super. + +Her working hours are 830-530pm monday-friday, with one hour unpaid meal break. + +I've worked out not including her unpaid break she's on an hourly wage of $23... + +The aus minimum wage is $753 for a 38 hr week, or $19.84 an hour... + +Is this normal for receptionists? I feel bad that I can get any unpaid labour job for well above award rates of $26/hr with the labour shortage and I feel bad for her, hell you could make more working night shift at maccas... + + Any receptionists who could share insight I to salary progression and career paths would be appreciated... + +Based in melbourne +This place used to be full of optimism and fun, come back to see a lot of negative comments to everything, skepticism, FUD, and a general hate/pessimism for anything remotely positive or happy. Not sure if trolls have flooded in or if people are just really upset about the bear market, either way the have a bright future ahead of us. +Tomorrow launches a hairy beast of a coin with a novel feature in it’s tokenomics[.](https://www.moonwookiee.com/images/logo_backup-p-500.png) Let’s do the QRD and not waste your time. + +✅Small 55 whitelist presale with a 2 BNB max contribution. This raised BNB will be locked shortly after the launch. +✅Launch on PCS directly afterwards.  +✅8% Dynamic-Liquidity Tax, 2% Reflect.  + +This coin is doing something new, and something I’ve only otherwise seen on the unreleased Olympus. The liquidity tax is set so aggressively as any liquidity generated above 25% will be pulled, the generated $WOOK burned and the 50% of the BNB used to buy back and burn. The other 50% will go to marketing and admin costs (web hosting, designer, artists, admins). + +Personally I like this method of buy-back a bunch more than EverRise. This way is much less easily gamed, and it is controlled by human hands. Automation is nice until someone comes along and exploits it (which happened a bunch on EverRise). PLUS this is actually fixing a problem while providing a solution that pumps the coin, the very real problem of excess liquidity. EverRise wanted to find a way to keep number go up which is unsustainable, MoonWookiee is trying to keep a healthy liquidity percentage and as a consequence the number goes up. Either way I’m interested in seeing how it goes, as I think this is about to become commonplace across BSC. + +It was also backed by MadLabs as a result of its connection with the doxxed Bingus Dev, Mike. They said this idea came from Mike and the project is being run by devs who are friends of his, they took his idea and are running with it. So I’m confident, to the moon or into the ground, this won’t be a rug. + +✅TELEGRAM: @MoonWookiee + +✅TWITTER: https://twitter.com/MoonWookiee + +✅WEBSITE: https://moonwookiee.com/ +A lot of people eat unhealthy because they think it costs too much to buy healthy food. This isn't necessarily true, and eating unhealthy can become more expensive in the long run. If you eat healthy you're less likely to run into health problems that can become costly, you'll be less likely to binge eat, and you'll have more energy to be productive. + +Stuff like bananas, eggs, milk, rice, beans, pasta. Also protein shakes can make for a very convenient meal packed with nutrition. You can buy the big tubs for like $25, but it can last for months and you don't have to worry about it spoiling. +There are lots of elected positions like council members are even state legislature that are considered part time (All depends on your state, county, city, etc). The pay typically isn't amazing but it'd certainly be enough to maintain most of us looking to Coast FIRE. + +I've never been much into politics and really don't know how hard it is to seriously make a play for these types of positions. + +Anyone have some expertise they'd like to share? +So if you follow Right-move, the market is currently being flooded with desirable flats in nice locations - some of it will be flats coming empty but an awful lot of looks like AirBnB owners shitting the bed. + +What do you think happens next? (or is it obvious). +Its been awhile since we dipped this much , i know its nothing yet just crypto being crypto , im hoping for bigger dip. Everyone who entered crypto space not so long ago dont panic , its gonna rise again , and while we have a chance we should accumulate more juicy ETH , not a financial advice tho. I wish you all a good weekend eth brothers 😎✌️ + +EDIT: I have rang stepchange we worked out a budget and what I could pay roughly as 1 option. I will most likely go along with this. Thank you for all your useful advice and help it means alot. + +I was abit worried I'd just get comments like it's your fault go fix it etc but for the most part you have all been great and gave me really good advice that I need to go and take away with me and have a read. + +The rest of you who basicly wasn't even worth your time posting I hope you don't do this to other people some people are alot more serious in mental health issues and some of your comments could lead to someone going and killing them self. + +After all that stuff with mental health in the world should think about how you say things +So without giving away your golden goose strategy give us some hints and tips that you think many traders overlook? + +Volume(Tick data): Many people I think ignore this because they dismiss as not real volume. Evidence shows that it behaves the same as "real" volume. + +London breakout: To me as an intraday trader this is the best time to get into a trade. Every other time just doesnt give the clean moves. Sometimes NY open but its sporadic. +Ok, a bit of a dramatic headline, but it got you to click. + +A bit about me. + +Trader for about 8 years and I’ve been a broker in the mid market too. + +I used to contribute here a fair amount on a different account but haven’t in the last year or so. But I’ll pop by every now and then. + +Let me tell you why you’re unlikely to make it, but with the reasons why, I’ll provide you with the way to learn how you can. + +Retail, you are too comfortable with charts. + +I see a lot of charts and they tend to be art work rather than anything pertinent to actual context right now. + +We are human, and one of the things we do is to confirm our own biases. + +Most of the time, that is all you’re doing when you are trading purely via a chart. You can argue with me on this one, but I’ve seen it 9/10 - and you will not make money. + +You can try and think that you know where the ‘big boys’ (God what an annoying phrase) are trading, but really it’s unlikely you do... especially when they don’t know where each other are trading. + +I can tell you that from the clients I had who were funds, few ever spoke about what ‘institutions’ or large players were doing because they FOCUS ON THEIR OWN TRADING. + +You have to think to yourself why so many educators sell market opacity - why do they put up smoke and mirrors as to what banks and institutions are doing? Surely not to sell anything... + +Let me still chastising and sounding pompous. Really not what I want to do. + +What many miss out on is the essential knowledge of what the market is there for. + +If we’re specific with FX, it is there to facilitate trade, have a functioning economy relative to asset flows and capital. + +With this in mind, what is the one feature that I see little written about here? + +For me, it’s truly in depth analysis of what’s really going on. + +For example, there has been a long narrative over the last year of the trade war + the Fed raising rates in mainstream media. + +While important, this is not what is affecting money markets such as LIBOR, Euribor and USD denominated debt piles in the EMs. + +What is the real priority is Fed balance sheet reduction and the wars the central banks are having with each other quietly. + +Take the PBoC for example. They’ve recently caused an uptick in the total global central bank balance sheet holdings since they’ve been trying to stealthily ease while deleveraging. + +Back in Jan 2018, SHIBOR (Shanghai Interbank Overnight Rate) fell from a high to 50% of the rally from 08. This was a response to Trump’s tax cuts where they thought there may have been credit stress on the interbank, and with high Chinese corporate debt, I think it was a good move then. + +BUT, where is the trade here? + +Look at AUDJPY. AUDJPY is a risk proxy first and foremost, but also a proxy for Chinese aggregate demand. + +If we feel that China is slipping, we sell AUDJPY... but if we go to the root of the issue, it wasn’t tariffs that caused China to have a record surplus in Q3 this year, but the Fed’s balance sheet reduction which caused a Chinese response to ease on their money markets with a corresponding liquidity problem with the dollar (dollar got more expensive!). + +If you know that relationship then you know how to action a trade, and this is an example of what I feel a lot of retail miss out... less spoken about details that are really the main story, but are drowned out by the talking heads. + +You want to be trading in the tails of a normal distribution of fundamentals. + +Find data on countries that isn’t being spoken about but matches with a knock on event that is happening now. This could be political risk, economic, anything that you can get an angle on that others can’t see. Get down a rabbit hole of seeing if your macro thesis has potential, then look at data, data, data. Hell even jump on LinkedIn or Twitter or Facebook and ask people what their opinions are on things happening in their country. ANYTHING to get an edge. + +Now look at your longer term chart. Is there a reason to technically take this trade? Is there a trade that is cheap now? Trading in the tails will have most trades being cheap because you’ll know when you’re wrong very quickly, but have good upside potential since it’s unlikely to be realised by many yet. + +Could you trade it via futures spreading or is an outright FX trade the best to play it via - what about trading an index? An ETF? What about a combination of all three? + +Can’t remember what I’ve written up there now but I hope it was somewhat informative but slightly ranty. So sorry. + + +#Loopring starts with Ethereum’s massive size (and flaws) + +We first need to understand that ethereum is the most used blockchain today by far. It boasts the most developers, most decentralised apps and most exchanges by far. + +Eth’s smart contracts enable the existence of DEXs (decentralised exchanges) which fill the role of banks so you and I can buy crypto using other crypto. + +SushiSwap and Uniswap (DEXs built on ethereum) alone have a 24-hour trading volume of $3.5 billion. That’s a lot of activity! + +Apps and DEXs on ethereum have basically recreated the traditional financial system we have now. + +#But like a highway in constant rush hour, ethereum isn’t made to handle transactions by millions of people around the world simultaneously. + +Ethereum has a low TPS (transactions per second) of around 15 which makes it easy to get congested and traffic to build up. + +Eventually each transaction will go through, but there are downsides. + +And these are transaction fees, or gas. + +Transactions need A LOT of gas on ethereum, whether you’re doing something small like transferring from Wallet A to Wallet B, or something big like exchanging your family’s savings for tokens in Uniswap. + +Look how huge ethereum’s fees are right now compared to other blockchains (smaller is better): + +* Eth: $4 (on the “low” side) +* Cardano: $0.27 (93% cheaper) +* Tezos: $0.10 (97.5% cheaper) +* Algorand: $0.002 (99.99% cheaper) + +And here's the speed difference in transactions per second (higher is better): + +* Eth - 15 TPS +* Tezos - 40 TPS (166% faster) +* Cardano - 250 TPS (1,567% faster) +* Algorand - 1,100 TPS (7,233% faster) + +#Loopring builds a highspeed skyway above ethereum’s congested highways + +And the name of this skyway is ‘zkRollup’. + +One of the things zkRollups do is group hundreds of transactions and process them together instead of individually - and on a separate layer of the blockchain called Layer 2. + +This new layer is capable of handling up to 2,000 transactions per second. + +This means gas fees are slashed because: + +* Carpools (transaction bundles) are now available so there are less cars (transactions) causing traffic on the main highway (the Ethereum blockchain) +* There’s also a carpool lane open for further decongestion (Layer 2) +* Transaction speed on both layers is increased + +Less gas fees means developers can experiment and build apps and users can exchange tokens without spending a ton to further grow adoption. + +#TLDR: + +Would you rather take the express skyway or commute through traffic congested highway every single day? +I've had this recent sense that some real estate agents are gaming buyers who want to research sales in a decling/flat market by withholding far more prices than was the case during the boom time. + + +Some people have told me it's buyers. Some have said it's sellers. Agents I have spoken to have invariably dismissed my concerns. + + +What I have discovered in a sample study in one council are is that withheld prices have increased % wise more than THREE times since the end of the real estate boom. + + +The area I looked at was Sydney's Georges River Council (St George) with suburbs as defined by the GRC wiki page. Some suburbs do go into other areas but I analysed the data from the 24 suburbs in their entirity. + +&#x200B; + +I would have loved to have done the complete city and over a longer period of time but don't have the time. Everything was done manually as I'm not sure how you'd do it otherwise. + + +Results (data from realestate.com.au): From the period October 5 2016 until July 19 2017 - 131 properties from 2028 sales in the region were listed as contact agent/price withheld etc. This amounted to 6.46% of listings. + + +Fast forward to the same period from October 5 2018 until July 19 2019. The results: 252 from 1250 sales or 20.16% were withheld/contact agent etc. + + +Can anyone convince me a three-fold increase that happens to correspond with a downturn would be purely the doing of the buyer/seller? Hiding figures clearly benefits agents and keeps buyers in the dark at least until it eventually goes on the valuer general's site. + + +Would love someone to research or pull data from the whole city because I don't think GRC is particularly remarkable. Just bear in mind this is the kind of shit you're up against when it comes to real estate in Sin City. +Someone posted this earlier in a comment, thought was a good quick listen. + +@LouiChristopher continuing to make sense. Reporter choked when she hears 30% decline. + +Check it: https://www.abc.net.au/radio/newsradio/property-faces-30-declines/12488234 +I currently have 10k invested in my dividend portfolio with about 50 stocks, I know it’s a lot but I’ll be trimming them down later on right now I just want them all to grow with reinvesting the dividends on each.. by the end of the year I want to have 20k invested and I want to invest 10 into an electric car company because I know that’s the future. Tesla doesn’t offer any dividends, can you guys recommend me one that does? Thank you! +Companies offer fewer auto loans, mortgages and buy-now-pay-later programs + +https://www.wsj.com/articles/fed-rate-increases-are-squeezing-consumer-finance-companies-11670712247?mod=hp_lead_pos3 + +Consumer spending in the U.S. is going strong. Consumer lending, not so much. + +The financial squeeze that started about six months ago for companies that lend to ordinary Americans is getting worse, contrasting sharply with recent rallies in stocks and corporate bonds. The main reason: ***These finance companies have lost access to easy money.*** + +Widespread economic uncertainty has made debt investors less willing to buy the bonds these nontraditional lenders issue. Higher interest rates, courtesy of the Federal Reserve, have given investors other attractive options. + +Now, ***these finance companies are paying as much as four times what they paid in January to borrow in bond markets the cash they lend to customers.*** Plenty of them are struggling to make that math work. Once-highflying consumer-finance companies such as Pagaya Technologies have flipped from profit to loss. Some smaller outfits are shutting down altogether. + +***Many of the nontraditional lenders launched within the past decade, which means they have never weathered a sustained period of high interest rates.*** + +***“All of these fintech firms talk about their data science and machine learning capabilities, but the truth is, their models have not been battle tested through a recession yet,”*** said Reggie Smith, JPMorgan Chase & Co.’s lead fintech stock analyst. + +Pagaya and other startups such as Affirm Holdings Inc. and Carvana Co. aren’t banks, which means they can’t take deposits for funding. For borrowers with imperfect credit, these alternative lenders are sometimes the only way to get an auto loan, mortgage or buy-now-pay-later offer. + +The companies are now lending less or charging more for loans they do make, adding to concerns already swirling about the health of the economy. + +Athas Capital Group, an alternative mortgage lender in Calabasas Hills, Calif., announced its closure in November, citing the poor outlook for selling its loans to Wall Street firms. + +“Do I set a bunch of cash on fire to stick around or do I close shop?” asked Brian O’Shaughnessy, co-chief executive officer. “We chose, right or wrong, to close up shop.” + +He is now trying to help his roughly 265 employees find jobs at competing firms. + +The average price of bonds backed by private-label mortgages recently fell to about 82 cents on the dollar, their lowest level since at least 2011, according to a Wall Street Journal analysis of data from the Financial Industry Regulatory Authority. Bond prices typically fall when interest rates rise and investors demand higher yields to lend money. + +Sales of the bonds made from private-label mortgages, which don’t benefit from federal guarantees, boomed last year when Treasury bonds were paying peanuts. + +Normally, loans from alternative lenders are bundled into securities that Wall Street firms sell to pension funds, insurers and other investors. These bonds are known as asset-backed securities, or ABS, and they are typically sold to investors in multiple slices that have different yields based on their risk. + +The securitization process is integral to keeping many consumer-finance companies in business, but it can amplify market gyrations in unexpected ways. Prices of collateralized loan obligations, or CLOs—a type of ABS—gapped below fair value in October when U.K. insurers and pensions responded to rising interest rates by dumping CLO bonds. + +Some investors have stopped buying ABS, which they still associate with the 2008 financial crisis, to reduce risk. Others are selling out of fear that the loans backing the bonds might go bad. Home prices are already falling in many U.S. cities, and delinquencies are creeping up on auto and other consumer loans. + +The biggest change, though, is that insurance companies and pension funds have scaled back their interest in ABS, said Rich Barnett, a partner at investing firm Castlelake LP. Rising interest rates have lifted the yields on corporate bonds and Treasury bonds, making them attractive for the first time in years. + +Prudential Financial Inc. has slowed once-brisk purchases of ABS and CLOs in its approximately $400 billion insurance account. Instead, it is snapping up high-rated corporate bonds because their yields have risen, socking them away in preparation for when the Fed starts cutting rates again, chief investment officer Timothy Schmidt said. + +Investment-grade corporate bond yields doubled this year to a 13-year high of about 5%, which is close to the roughly 7% return many pensions and insurers shoot for. Another benefit: Corporate bonds have longer terms than most ABS, making them better matches to offset the payout schedules of insurance and pension liabilities. + +“We will look back at the assets we’re buying now as pretty attractive,” Mr. Schmidt said. “I don’t think anyone expected rates to move this far this quickly.” + +Investors still willing to buy the bonds are making borrowers pay up. Affirm, a buy-now-pay-later company, abandoned plans to issue a $350 million bond in November when investors demanded higher yields than it was willing to pay, people familiar with the matter said. The company also finances loans through bank credit lines and direct sales to investors such as the Canada Pension Plan Investment Board. + +***Pagaya, a technology-driven consumer finance company, went ahead with a $543 million bond last month but had to pay investors an 8.1% interest rate on its best-quality bonds to get the deal done, according to data from Finsight. That marks a steep increase from the 6.1% rate it got on comparable bonds sold in August and 2% on a deal in January.*** + +Issuance of consumer-loan ABS declined slightly this year, but Pagaya has nearly doubled bond sales to about $3 billion, according to Finsight. Fees from bond sales account for much of the company’s revenue, according to its financial filings. + +At the same time, delinquencies have risen on loans bundled into ABS that Pagaya sold. A bond the company issued in January at 100 cents on the dollar traded in mid-November at around 88 cents, according to data from Empirasign. + +Pagaya has been buying loans with tighter underwriting standards this year, and its November bond issuance shows that bond investors trust the company’s artificial-intelligence methodology, its 34-year-old co-founder Gal Krubiner said. The U.S. and Israeli firm uses AI to identify attractive loans that other lenders would turn down, Mr. Krubiner said. + +“We saw the uncertainty and volatility coming,” he added. + +Pagaya’s stock is trading below $1, down from about $10 three months ago. + +***Carvana, an online auto dealer, is facing a cash crunch. Its shares, which soared in the pandemic, have lost 98% of their value this year.*** The company recently hired restructuring advisers. + +Asset-backed bonds of companies that go bankrupt typically avoid default, but their prices can fluctuate wildly. A bond backed by auto loans that Carvana issued for 100 cents on the dollar in September 2021 traded around 75 this month, according to data from Empirasign. Part of that decline also reflects the rise in overall interest rates. + +For the shrinking pool of investors in the market, the yields have rarely been higher. + +Subprime auto lender Flagship Credit Acceptance LLC did a roughly $400 million bond deal in late October. The riskiest chunk of its bonds, which had a double-B rating from some agencies, had a spread of 9 percentage points over going rates. + +***No comparable subprime auto bond had ever priced with such a wide spread since at least the last financial crisis, according to John Kerschner, U.S. head of securitized products at Janus Henderson Investors. Investors who bought the debt received a yield of over 13%, according to Finsight.*** + +“It very much feels like you’re getting paid for the risk right now—and then some, quite frankly,” said Mr. Kerschner, who has been investing broadly in ABS. + +--- + +The tide is going out. IMHO likely rates are going back to normal and will stay that way. +We believe that well run households, like businesses, should use leverage appropriately. However, as we go into the new year, we’re struggling to decide what metrics and targets we want to use as we debate adding or retiring debt in this low interest rate environment. + +we’ve been using really simple targets chosen from a quick and dirty sim we ran a decade ago (Debt to assets kept under .5, no high interest debt, no debt on toys, and we dont count depreciating assets as assets) + +but how do y’all think about leverage on your household finances? +Is it worth the hassle of buying and renting out a property these days? I have £150k to do \*something\* with but I'm wondering (hate for landlords aside) if house prices, regulation, agency fees plus property overheads and the risks associated with letting a property make it less attractive than it was even 5 years ago? I mean, broadly, is investing in this manner every worth it any more? +Source: [https://twitter.com/WholeMarsBlog/status/1517626832241057792](https://twitter.com/WholeMarsBlog/status/1517626832241057792) + +Images of chat discussion between Elon Musk and Bill Gates regarding "philanthropy on climate change" have been leaked. Elon confirmed their authenticity on Twitter by saying: + +"Yeah, but I didn’t leak it to NYT. They must have got it through friends of friends. I heard from multiple people at TED that Gates still had half billion short against Tesla, which is why I asked him, so it’s not exactly top secret." + +\[Elon's reply source: [https://twitter.com/elonmusk/status/1517702987359133696](https://twitter.com/elonmusk/status/1517702987359133696)\] +Hey folks, + +I am curious about this option. I'm a US citizen and would like EU residency/citizenship so that I can live in Sweden. + +Reason for Sweden has nothing to do with investment -- I just like it there. + +Problem is, to get Swedish citizenship I'd have to work there for 5 years. The only way I can live there now (for over 3 months) is through a work visa.I prefer to take occasional extended time off from my work that I do for money to spend time on art, which I don't make a lot of money from and I doubt that would be considered a business. But, the idea of working my money-making job non-stop for 5 years is not appealing. + +One work-around seems to be, invest in real estate in Portugal. I don't think that would allow me to stay in Sweden for more than 3 months at a time, same as now, but you can apply for Portuguese citizenship or residency after 5 years without having to live there ([https://www.goldenvisas.com/portugal](https://www.goldenvisas.com/portugal)). I actually would not mind living there some of the time until then, working remotely for a US-based company some of the time, making art some of the time. I could potentially live a digital nomad lifestyle while having Portugal be my primary residence. + +Then, there's the question of moving to Sweden once you have Portuguese residency. The Swedish migration website is a bit complex. There's the option for an EU citizen to move to live with a family member (not my case):[https://www.migrationsverket.se/English/Private-individuals/EU-citizens-and-long-term-residents/Residence-permit-for-EU-citizens.html](https://www.migrationsverket.se/English/Private-individuals/EU-citizens-and-long-term-residents/Residence-permit-for-EU-citizens.html) + +And then there's the option for an EU resident to live there: + +[https://www.migrationsverket.se/English/Private-individuals/EU-citizens-and-long-term-residents/Long-term-residents.html](https://www.migrationsverket.se/English/Private-individuals/EU-citizens-and-long-term-residents/Long-term-residents.html) + +But what about EU citizens moving in if they just want to live there and can prove that they are financially secure? + +And, is this a reasonable strategy in general? Any advice would be appreciated. I am still in the early stages of exploring this as a viable option. + +I also know Cyprus offers citizenship for a 2m investment, but that's a bit much for me. Happy to invest 6 figures, but 7 is a lot. +As lockdown was coming in I left London to return home like many young professionals, isolated, then basically moved home. + +I couldn't get back to move out my stuff during lockdown but now we can freely travel and work have said we must work from home until at least October, I'm considering cancelling my flat. + +Anybody got any views on this? Is this a wise idea? has anybody done the same? + +I think it makes sense to save near 900 a month, but I am cautious that there will be a mad rush for rooms or similar in a few months when I need to move back. + +Thoughts appreciated! +**Edit: If you don't like the idea of someone making 64k in 1989, cut all numbers in half.** Imagine someone making 32k, saving 12k/yr, spending 20k in retirement on a 500k portfolio, etc. **All conclusions will be the same, merely the face value of the dollar amounts would be cut in half.** + +Why did I choose 64k? Because it leaves 40k behind after arbitrarily choosing 24k to save. The 40k number—and the $1M FIRE number that flows out of that—have resonance in this subreddit and make the raw numbers more intuitive to a 2020s audience. + +**Edit:** I have included numbers cut in half *(in italic parentheses)* for those who state the 64k number is unrealistic. Again, none of the conclusions of the post are different as a result of dividing by 2. + +**** + +# Intro + +We each only have one life, but I think it can be instructive to imagine yourself in other contexts to evaluate how those situations make you feel so you may be better prepared to handle them if they happen to you. To that end, I wanted to explore a particular hypothetical Gen Xer's experience. Someone who started saving in 1989 saw a particularly difficult set of returns at key points in their investing journey. All values are inflation-adjusted and include reinvestment of dividends. For simplicity, taxes are omitted. + +# Saving for Retirement + +Imagine someone born in 1969 who gets their first real job in January 1989 making $64,000 *(use $32,000 if you think $64,000 is unrealistic, the conclusions are unchanged)* in 1989 terms. + +This person saves $24,000 *($12,000)* each year, with an inflation adjustment, allowing them to spend the remaining $40,000 *($20,000)*. Using the 4% rule of thumb, they set a FIRE target of $1M *($500k)* in 1989 terms. It took this saver [a little over 23 years](https://imgur.com/kE3llrd) [*\(32k graph\)*](https://imgur.com/FDotrFF) to reach this target ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=1989&firstMonth=1&endYear=2012&lastMonth=2&calendarAligned=true&includeYTD=false&initialAmount=1&annualOperation=1&annualAdjustment=2000&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100)). + +There are a few things to note: + +* The saver gets *this* close to the target in October 2007, but in hindsight is perhaps relieved they did not retire then. +* In February 2009, the saver's portfolio is worth $486,299 *($243,151, discrepancy due to rounding)* after having put $484,000 *($242,000)* of contributions into the account. + +**After 20 years of investing, the saver's portfolio is worth only** ***$2,299 ($1,151)*** **more than their total contributions to date.** + +Stop and think about that for a second. You diligently save for 20 years and end up just one month of contributions ahead of where you'd have been if you had gotten zero real return. If anything in the financial world is discouraging, this is it. + +Having seen this, my mind immediately turned to prior work examining [de-risking with bonds](https://www.reddit.com/r/financialindependence/comments/dnw72j/dynamic_asset_allocation_for_optimal_accumulation/) as your portfolio gets close to your FIRE number in order to reduce the impact of a market crash as you get close to your number. + +Let's say the saver takes this to heart and decides that once they hit 70% of their FIRE number, they'll rapidly shift their portfolio to their retirement asset allocation of 60% stocks and 40% bonds. For this retiree, this event happens [right at the end of 1999](https://imgur.com/j21KJZk) [*\(32k income graph\)*](https://imgur.com/A1AhMhF), which in hindsight is very nice timing regarding what happened in the early 2000s. + +If we take a look at the path of $703,731 *($351,868, again, rounding)* dollars invested at the beginning of 2000 (with $2000/mo *[$1000/mo]* continued contributions), we can see that the de-risked portfolio [hits $1M *($500k)* at the end of May 2007](https://imgur.com/q4qYjlO) [*\(500k graph\)*](https://imgur.com/J47xpqu) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2000&firstMonth=1&endYear=2012&lastMonth=2&calendarAligned=true&includeYTD=false&initialAmount=703731&annualOperation=1&annualAdjustment=2000&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+Stock&portfolioName2=60%25+Stock%2C+40%25+Bond&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=60&asset2=TotalBond&allocation2_2=40)). (As an internal control, we can see that the 100% stock portfolio hits $1M *($500k)* at the same timepoint as before, early 2012). + +**Using timely de-risking of the portfolio, the retiree hits their FIRE number about** ***5 years sooner*** **than if they had kept a 100% stock portfolio.** + +# Spending in Retirement + +The good news: the de-risked saver gets to retire 5 years earlier! The bad news: it's in mid-2007. We all know what's around the corner for this 38-year-old retiree. + +For simplicity of comparison, this next section assumes retirement at the beginning of 2007 and that the retiree was somehow able to get $1M *($500k)* exactly regardless of their portfolio type. Let's now compare three different approaches: + +* a 100% stock portfolio with a 4% withdrawal, +* a 60/40% portfolio with a 4% withdrawal, and +* a 60/40% portfolio using [Variable Percentage Withdrawal](https://www.reddit.com/r/financialindependence/comments/itvn14/variable_percentage_withdrawal_a_workable_plan/). + +When comparing 100% stock to the 60/40% portfolio, the latter has certainly had [a smoother experience since 2007](https://imgur.com/SgDhOYC) [*\($500k graph\)*](https://imgur.com/FM99qJ2) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2007&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1000000&annualOperation=2&annualAdjustment=40000&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+Stock&portfolioName2=60%25+Stock%2C+40%25+Bond&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=60&asset2=TotalBond&allocation2_2=40)). At the beginning of 2009, the 60/40% retiree is withdrawing around 5.2% of the remaining portfolio value at that time compared to 6.7% for the 100% stock retiree. It's been a hair-raising experience for the 100% stock retiree, and the SWR-style of withdrawals gives no explicit guidance for whether and how much to cut back during bad years. Similarly, the 100% stock retiree doesn't get any instruction on whether or when it's safe to increase their spending to take advantage of some clear growth in the portfolio in the late 2010s. + +Let's look now at the experience of the VPW retiree with a 60/40% portfolio. They input a $2000/mo *($1000/mo)* social security payment coming when they are age 70, which roughly matches the inflation-adjusted payout of someone working from 1989 to 2006 making an inflation-adjusted $64,000 *($32,000)* (1989 dollars) through their career. + +Starting in 2007, the VPW Worksheet tells them to withdraw [$45,817](https://imgur.com/XicphFc) [*\($22908, rounding\)*](https://imgur.com/ylmWN6G) from their portfolio. This is a substantial benefit over the $40,000 *($20,000)* the SWR-style retiree takes (15% more!), but it comes with a downside. The retiree needs to be prepared for a reduction in spending to at least $32,415 *($16,207, rounding)* in the event of a market crash. + +Recall that in the parallel universe of SWR-style withdrawals, this retiree was willing to take only $40,000 *($20,000)* from the $1M *($500k)* portfolio. So a required flexibility down to $32,000 *($16,000)* represents a 20% haircut from that level of spending. I don't know about you, but I think that having a discretionary spending amount of 20% of my overall spending is eminently reasonable. + +[When we track what happens over time](https://imgur.com/649pThs) [*\(500k chart\)*](https://imgur.com/3VRtcsr), we can see that the market crash of 2008-9 truly did have a substantial impact on spending during that time. For a few years, the retiree is spending less than $40,000 *($20,000)* and at the beginning of 2009 they're taking a $35,041 *($17,521, rounding)* withdrawal from a portfolio that's fallen to $739,252 *($369,626)* (4.7%). While certainly no fun, they are still enjoying around $3,000 *($1,500)* of discretionary spending above their starting "flexibility" number of $32,000 *($16,000)*. + +More tellingly, their total amount spent over the 15 full years since retirement has been $698,734 *($349,367)* compared to the $600,000 *($300,000)* spent by the SWR-style retirees. **That is to say, the VPW retiree has gotten to spend** ***16% more*** **than the SWR-style retiree over this period.** + +# Conclusions + +* Bad market returns can make a mockery of even the most diligent buy-and-hold, day-in-day-out investor. Someone investing periodically from 1989 to the bottom of 2009 saw almost zero real return on their investment despite taking no breaks in their investing behavior and doing all the right things. +* De-risking the portfolio near your FIRE number can substantially mitigate the impact of a market crash on your FIRE timeline, saving 5 years of work for this particular retiree. +* Retiring at a bad time can significantly increase the stress of retiring using SWR-style approaches. Even conservative allocations like 60/40% can lead to uncomfortably high withdrawal rates. +* If one is able to tolerate a *reasonable* amount of variability in their spending, Variable Percentage Withdrawal can provide substantial upside in the (probable) case that the market provides high returns in the long run that cause the portfolio to grow substantially. +I'm not liking paying rent (so much money which I won't ever see again) vs buying a house and making monthly payments (building equity). + +I did get a pre-approval done this week, but I'm worried the housing bubble might burst in the next year so. +What do you guys think? Is it the wrong time to get into the housing space? +I do acknowledge the market is crazy right now; but I believe that statement would've been true if it were uttered at any time in the past couple of years. + +Even if the bubble does burst, how much would home values be set back by? + +Thanks, +A nervous buyer +Recently broken up and trying to understand the financial side of it, I will speak to a financial advisor but wanted to get your guys opinion. + +Bought the house for £290000 and I put down £45000 and my gf £0. We have both paid £500 a month for the last 3 years, as well as an extra £100 for finance on the kitchen we got which is due to be paid off next September. + +I have just assumed I will have to pay her back the £500 x 36 (months she has paid) and additional 100x 15 (started paying kitchen finance October 2020) plus whatever the house has increased in value… + +Does this sound correct roughly or am I missing something? + +I have paid all other bills. + +EDIT + +Thanks for all the responses and apologises for missing out some of the key info - + +We have a deed of trust so I’d keep the 45k +Tenants in common +And we are not married + +But I think from reading all the comments it’s pretty obvious now so thanks! +TL;DR – shorter DTE with higher theta burn, tighter delta strangles with more gamma risk much improved the return of TastyTrades Best Practices of 45DTE, 50% profit or 21DTE exit strategies. In fact, the TT Best Practices were a net losing strategy over 15 years of SPY data. Check data yourself or see if you can improve --- https://lookback.tastytrade.com/webapp/#/ + +First off, sorry for the length but it might be worth the read to many of you! + + +After reading the thread discussing whether taking profits at 50% was considered a good move or bad move, I decided to run a back-test using Tastytrade’s lookback WebApp (https://lookback.tastytrade.com/webapp/#/). I was curious if TastyTrade’s Best Practices were indeed “best practices” as in they had been optimized as best as possible based on historical data or if they were what many people think they are: guidelines to assist traders who may not have their own mechanical system of entering and exiting trades. I apologize about my formatting, I’ve been on Reddit for a long time and I still can’t figure out how to position things in lists properly --- they never seem to work for me, so I apologize about the wall’o’text. + + +I started with the typical TastyTrade recommendation on SPY that went back as far as I could on the WebApp, starting in January 2006 and ending in August of 2021 with the following parameters: 45DTE, 16 delta short strangles with a profit taker at either 50% unrealized profits or at 21DTE. No stop loss for the initial test. The results were actually pretty poor. Over 336 trades, it secured an 86% win rate. The average premium collected at the beginning was $218.55 with an average profit per trade of -$2.61 for an average profit per day of -$0.19. The average trade length was significantly less than 21DTE and most were closed out at 14 days from open. The maximum drawdown was quite large at -$4180. This shows that the typical TastyTrade best practices are net losers over a 15 year period on SPY. + + +I then wanted to see if a stop loss at 200% of the credit received could improve this max drawdown and perhaps turn this losing strategy into a winning one. There seems to be some back and forth that using a stop loss on short options is a bad idea and you will be stopped out far more than it is worth because most of the trades would come back as winners anyways. The same previous parameters of 16 delta, 45DTE, and exit at 50% profit or 21DTE were used. 200% stop loss was used as I have heard some discussion from others stating this is what TastyTrade suggests if you do want to use a Stop. The results show 336 trades over the same 15 year cycle with a drop in the win rate to 82%. The average premium collected was the same at $218.55, the average profit per trade increased significantly to $3.73, the average days in the trade increased to 12.6, and the average profit per day increased to $0.3. The maximum draw down also dropped a whopping 73%, down to a max loss of only $1128 vs. $4180. + + +The next test I wanted to compare spreads vs. strangles and created a short iron condor condition using the same practices; 45DTE, 16 delta short and long leg of each side was added at 5 delta, exit of the trade at 21DTE or 50% profit was also included, along with the 200% stop loss due to how much it had improved the previous results. Here, the results were worse than the Stop Loss condition using the normal TT Best Practices. 362 trades were opened with a 77% win rate. The average premium decreased approximately 24% to $167.93, however, the average profit per trade increased to $4.64 vs. just $3.73 before, while the average profit per day was virtually identical at $0.29 vs. $0.3 in the naked strangle with a stop condition. The average days in the trade increased to 15.9 and the max loss decreased a further 15%, making the largest draw down $950.55 vs. $1128 in the naked position w/ stops vs. $4180 in the naked no-stop condition. The takeaway here is not really a surprise to many of us but worth nothing anyways, if you want to reduce your risk exposure, at a detriment to premium received, then trade spreads. + + +Lastly, I wanted to see how I could improve both the naked strangles and the iron condors as best as I could and fiddled around with the settings until each was as good as it could be based on what I could come up. Below you will see those results. + +First is the short Iron Condors. Using a condition of a 90% take profit or exit at 1DTE on 15DTE trades, 16 delta shorts and 5 delta longs with no stop loss saw a marginal improvement over the 45DTE IC’s. 917 trades were opened with an identical win rate of 77%. The max loss was -$2386.5, and the average premium decreased to $112.15. The premium reduction was expected because of natural extrinsic decay. The average profit per trade increased substantially from $4.64 to $10.88, a 134% gain. The average days in the trade was less at 11.5 (no surprisingly due to the shorter DTE), and the average Profit per Day also increased substantially to $0.95 from $0.29, a 227% improvement. The max draw down was $2386.50. The average profit increase is not overly shocking considering we are taking profits at 90% vs. 50%, but it is still worthwhile to note. I next added a 200% stop loss to the same above conditions (15DTE, 16 short leg and 5 long leg, 90% take profit or exit at 1DTE). The results show 987 trades with a 72% win rate. The average premium collected dropped from $112.15 to $109.21, the average profit per trade decreased over 50% to $5.34 from $10.88. The average trade length was virtually identical at 11.1, and the profit per day also dropped 50% to $0.48 vs. $0.95. The max loss was $1137.50, almost a $1200 improvement vs. the no-stop condition. Next, I went back and applied the best parameters (90% take profit, no stop, and 1DTE exit if not 90% profit) to the 45DTE expiries to see how that would fare. The results were substantially worse. The win rate improved to 80%, but the max loss increased to -$4774.50, the average premium increased to $170.71, but the net profit per trade was -$16.43 and an average profit per day of -$0.53 and a very long trade length of ~31 days. In short, what works in shorter time frames are net losers on longer time frames. + + +Lastly, I tried to improve the naked strangles to see if I could create my own Best Practices for those who like to trade in true TT fashion. The best scenario was 30 delta short strangles, 15DTE, with a profit taker at either 50% or 6DTE. Over 886 trades the win rate was 81% with an average collected premium of $328.01. This gave you a $12.64 average gain per trade with $2.23 per day gained. The average trade length was 5.66 days and the max loss was -$3045. Adding the 200% stop loss that was successful in the long-term trades saw over 957 trades a 79% win rate, a slight reduction in average premium collected to $319.84, an average gain of $11.97 per trade, and an increase in the average daily gain of $2.29 vs. $2.23 per day. Not surprisingly, the max draw down improved 56% to only $1337.5 loss vs. $3045 loss. As I did with the IC’s I then applied the best strategy to 45DTE. This now gave us a 45DTE, 30 delta short strangle, with a 50% profit taker or exit at 21DTE (same as 15DTE to 6DTE exit percent-wise). The total was 374 trades with an 89% win rate, a max loss of -$5169, average premium collected was $474.43. The average profit per trade was paltry compared to the 15DTE of only $1.28 and only made you $0.12/day vs. $12.64 gain per trade and $2.23 per day in the best scenario. The average trade length was 10.8 days. + + +In summary, it appears that using a stop loss does not significantly impact your losses, and in fact, on longer time frames if you are going to trade in true TT fashion will turn a losing strategy into a small winning strategy. Ultimately, shorter time frame trading is best for both the spreads and the naked strangles, with 15DTE appearing to be the best on SPY over 15 years of data. The TT method did outperform the IC spreads on shorter DTE. However, margin requirements make it difficult for small accounts to trade in true TastyTrade fashion, so a trader with a small account may want to sacrifice 14% of the max possible premium to trade condors instead, avoiding the significant margin requirements needed to go naked on large-priced underlying. If you are willing to expose yourself to gamma on shorter DTE you can also greatly improve your returns per trade without significantly exposing yourself to more drawdown. In fact, the shorter DTE saw less drawdown in the same conditions than did the 45DTE, showing that it is probably worth it to expose yourself to more gamma because the price fluctuations are more predictable on the shorter time frames. Additionally, tighter strangles at 30 delta did not experience an extremely adverse drawdown or drop in win rate compared to the widely touted “safer” 45DTE, 16-delta trades. In fact, there’s an argument to be made that the shorter and tighter trades are superior and any loss experience will be wiped out much faster doing this than playing it safe. This is also shown over 15 years of data that incorporates a large market down turn in 2008 and several fluctuating bull and bear markets since. The data proves that TT Best Practices are really not ideal over this SPY data for 15 years and can be improved. + + +Please test this for yourself using the software. See if your strategy is a winning one or if you can improve on this data. I will add a note that the data is a little bit confusing as you can run the data on one day with the same parameters and then have it change a bit if you run it tomorrow with the same information. However, this should not be seen as an issue with my study but with possibly the way the LookBack Algo is interpreting the data and is a TastyWorks/TastyTrade issue, not of the data presented here. I will just say I think the TT Best Practices are best used as a guide for a trader without a system of their own, however, it can be improved upon. I think a trailing stop might be the best of everything but the software does not account for that. Happy trading. + + +EDIT: Here is a clear picture of the TastyTrade data snapshot I just ran after a commenter said I had done something wrong and they got different data. This was 45DTE, 16 delta strangles, exited at 50% or 21DTE, no stop loss. You can clearly see it is losing $2.43 per trade with an average $0.17 loss per day. Perhaps the software is messed up, but I can only report what I see based on their algo. If that is the issue, that is a problem with lookback, not my study. + + https://imgur.com/a/CwOyaok +MGM 22 / 21.50. got 25 cents. Thought gee 100% loss is max loss so it’s a set it and forget it. 95% implied v? What could go wrong + +Everything + + +At least I only did 50 spreads +The levels below are based on my experience of 10+ years of trading. +What level are you? + +1. No knowledge of TA. High expectations. Any profits can be attributed to beginner's luck. + +2. Limited knowledge of TA. Trader may become elated at their new knowledge and the possibilities, but becomes fearful and upset when realizes he still can't turn a profit. + +3. Uses TA to pick his stocks, but his emotions get in the way of applying it correctly. They are stressed by mounting losses, but he may still be hopeful. + +4. Expert in TA but no risk management. Makes great paper profits but still no significant profits with real money. Has no rules, no plan, and no discipline. Most people quit at this point. + +5. The trader is humbled by the market. Understands the importance of rules. Develops a plan with risk management, targets, and strategy. Cycles of euphoria, disappointment, and fear affect his bottom line. On average he breaks even. + +6. Has found a profitable strategy but sometimes doesn't follow his rules. Gains are not consistent and leaves significant money on the table, but losses are minimal thanks to his risk management. He begins to work on his psychology. + +7. Profits begin to see consistency. His emotional management is at the forefront of his trading objectives. + +8. Trading strategy has been mastered and makes a good living out of trading. Euphoria and fear come up but he is able to control his emotions before they start to affect his bottom line. He is able to think in probabilities, accepts whatever the market wants to offer him without getting emotional. + +9. Has the instincts of a trader and can have winning streaks spanning for weeks. Makes more sophisticated trades. Looks for opportunities in other markets. + +10. Picks the most profitable stocks of the day for consistent periods, and buys / sells at the top/ bottom of the day. Being a 10 has an element of luck so it is temporary. +“Print had been with us for over 100 years, no one was complaining about prints, they were very inexpensive, and so why would anyone want to look at their picture on a television set?" +-Eastman Kodak filed for bankruptcy in 2012 +I came to the realization today that it is very possible that I may never sell. As I watched the price tank, and unrealized gains disappear for what feels like the bajillionth time, I began thinking about what a legit price target would be if MOASS doesn’t play out (not saying it won’t, it’s just a thought that crossed my mind… I’m only human) + +With that I came to the following realization: >!WE CANT LOSE!< + +Think of everything that would need to occur for us to throw in the towel: +1. Apes would need to get bored. Now I don’t know about you guys, but I still fire up my N64 sometimes and try to finally beat Goemon’s great adventure (fucking hardest game in the world, but then again I’m smoother than my wife’s naughty bits on date night with her boyfriend) **This and** + +2. Every executive that came over from Chewy, Amazon, and the likes would have to be wrong in their decision and jump ship. With that much talent I’m confident GameStop can pivot and handle whatever the markets throw at it. **This and** + +3. Looping would have to announce a partner that isn’t GameStop. This not only wouldn’t make sense given how many hints they’ve dropped but could also be suicide. (How many of you will hold your LR.C if the mysterious partner isn’t GameStop? Think of NFTcon but with assets involved) **This and** + +4. RC would have to talk the board into making terrible investments and blow through all of our cash on hand. (RC is a genius and I don’t think Larry Cheng would let happen even if RC did decide to have a stroke) **This and** + +5. GameStop would have to do something to make all of us stop purchasing everything that we possible can from the greatest company on this planet. (At this point I would get my haircut at GameStop if they sold haircuts) + +Not really at TLDR but long story Kenny *short* if we don’t already, we will eventually own every morsel of this company and I feel bad for any short that has to negotiate with my petty, autistic ass. Until then, I’m happy to own a piece of this incredible company. + +*Fuck you, and I’ll see you tomorrow* + + +**Edit: Thank you for all the awards and if possible I would replace the word probably with definitely. I just use the word probably a lot in my everyday vocabulary** +Hello All, + +A few facts about my situation: +I live in Tampa Florida. +I make 40k/year. +I am debt free. +I have 20k in savings. +I plan on buying a Condo between 90k to 110k. +I live with my parents and pay my dues, and not looking to move out for the next 2 to 4 years. + +The condos I'm looking at are in okay areas, and they rent out for around $1.2k. +I plan on doing a 20% down payment in order to avoid the mortgage insurance fees. +The term would be 30 years, and I'll definitely think of a refinance later in the future. + +My obvious monthly payments would be: +Mortgage: $500 +HOA: $250 - $300 (250 is the minimum for condos) +Property Management : not really sure. + +I have several questions regarding this matter. + +1. Is this generally a good idea? At first, I'll be making around $300/month out of it, but i plan on paying up the mortgage as fast as possible and probably enjoy more profit in the future. + +2. Is a condo a good investment? + +3. Is a Property Manager a good idea? I believe it is, but not sure if it's worth the cost. + +4. I feel the real estate is in a bubble at the moment, is it a good idea to go ahead with this? + +Thank you for taking your time in reading this, I'd appreciate any advise. +I am buying out a family member of a jointly owned house. It’s a 2 family and one of the units has opened walls no kitchen/bath, unfinished electric. We started working on the renovations over the summer and filed our loan application around the beginning of August. +The renovations have taken longer than expected +This week I let our mortgage broker know we estimate that the property will be ready for appraisal at the end of October. + +He is shocked that the renovations are taking us so long and that the bank will close our application and we should have told him it would be this long and he would have waited to file our application, he is saying if they close our application we will have to pay $1090 again to open it and file a new one. + +I’m curious how reasonable this all is, if we confirm with the bank that we are still intending on obtaining lending will they hold our application? + +Should we have the appraisal from the bank come even though there will be tons of things wrong and we will have to re-appraise? (Cheaper than the loan app) + +FYI We are using a stated income refinance loan. +I'm getting close to buying a $400,000 beach condo for the purpose of renting it out through Airbnb when I'm not using it (which will be most of the time). I'm trying to be objective (and less emotional) about the purchase. I have the following concerns which are a bit worrisome: + +1. Is the Airbnb business model sustainable? I'm concerned because the beach condo will be relying on this business model to make a profit. What happens if something happens to Airbnb (for example the company goes out of business)? I doubt I could find a beach condo where a long-term tenant covers the entire amount of expenses, but I'll definitely take that under consideration before I buy. The condo would be located in Panama City Beach and some of the ones I've seen have high condo fees, etc. +2. What if I'm banned by Airbnb? I keep reading horror stories online about people getting banned from the platform without getting the chance to plead their side of the story. I'm not sure how true this is, but possible causes include identity theft (where someone stole your identity, became a host, and violated Airbnb rules somehow). I also read where someone did not log into the platform for a couple of years and got banned. I've used Airbnb as a guest years ago, and now will try to use it as a host. I'm just hoping the same doesn't apply to me. +3. I plan on using a property manager. I doubt this would happen, but what if the property management company violated Airbnb's rules and got banned? Does that affect my ability to host? + +Maybe I'm getting cold feet. $400,000 is a lot of money. I obviously will look for a condo at a lower price, but I haven't been liking any of the ones I've seen so far at that lower price. I do plan on holding the condo long term and paying it off in 15 years, but I want to ensure that I can last at least that long. +I believe the 3-day delay in posting these insider stock grants was purposeful. What a great way to let your devoted (stalker-esque) shareholders know that all grants are now complete. Yes, only 4 insiders received new grants, and no, they do not represent purchases that would otherwise boost GME's stock price. BUT, I think these Form 4s serve as an indication that ALL employees that were due stock grants have now been issued them. + +So, what's a great thing to do now that all employees have their grants?! Release some big news! Be it the splividend announcement, a stock buyback, the marketplace release, a partnership, a spinoff, or something else, I think this Form 4 release is the perfect indicator that GameStop has their employees taken care of and ready for launch! I mean, do you really think that it is a coincidence that they waited until today, the day before quad witching day, the day before one of the largest options chains expires and GME is already near max pain, the day that just so happens to be on the precipice of everything we've been hyping and building up to? + +Of course this is just hype and hopium, but to me it's worth thinking that GameStop is all systems go and ready to blast off. MOASS tomorrow! +How would I go about finding out if it's worth anything now? They Paid $500 for it in 1949 + +[Stock](http://i.imgur.com/OXcuSej.jpg) + +How would I got about finding out. + + +Yes though I am not that good at buying and selling stocks but I do kind of know what I’m doing + +There is no way anyone could fully predict that Tesla was going to take off like that right? I was just looking at the price over time graph and spikes in the stock and saw it was around the peak of where it usually hits before a downfall and of course a few days after I thought that, the stock started heading down. Now I had made a fair amount of money and I don’t like investing in individual companies so I sold it. Now my buddies are always like how’s Tesla doing and it pisses me off but that’s not the problem really they’re a-holes. + +I guess what I’m asking is that there is no way anyone could predict the Tesla spike right? + +And what do y’all think about shorting the stock? + +And I feel like this is common selling stocks before they take off so I’m not the only one?? +Twitter is a company that is still not profitable with recorded 221 million net loss in 2021. Nearly 90 percent of its revenue comes from ads and another 10 percent are generated by data licensing, as they call it, which are custom services that are offered to corporations. Since its foundation, no executive has found another reliable way for the company to make money and that is bad, since its user growth is slow to say the least. Twitter tried to make some partnerships with TV networks in the past to generate more engagement, but that experiment was not very successful. The company's monetizable users grew by only 24 percent from 2019-2021 in the midst of a worldwide pandemic. This figure is dwarfed by the other tech giants and they are way, way more diversified than Twitter. Actually, the Twitter situation might be even worse than Netflix's, cuz at least NFLX is somewhat profitable, has a better business model and there is at least some hope that they might continue to grow in the future by making higher quality productions, charging customers more or expanding into streaming. + +If the court rules in favour of Elon, I can't see any bullish argument about this company. What is your opinion? + +Edit: Since a lot of people misunderstood me and are commenting that Twitter is not a boomer stock. I used the term in a sarcastic way, because Twitter is growing like a boomer stock, but is not even able to generate profits. I am obviously not comparing Twitter to companies like Coca-Cola for example. +If earning are revenue (all the money they make) - expense (all the money they spend), a P/E of 260 would suggest it would take 260 years to earn the $1,600 asking price. + +I get the concept of earnings growth, but revenue would need to outpace expenses by a lot just to see Amazon earn $1,600 in my lifetime. +[link](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwi_2q33ourwAhUxIjQIHRlvCMAQFjAAegQIBBAD&url=https%3A%2F%2Fshareholder.ford.com%2Finvestors%2Fresources%2Fdefault.aspx&usg=AOvVaw1AloXhdbbrkLuCEEAgYSLk) + +Wish I would've known before. Maybe everyone else knows. A bit salty since we already bought a mach E and just started investing in Ford a couple days ago. + +Hopefully this will be of some use to current shareholders or even someone on the fence. Seems like it could even pay for itself for people who buy a new pickup every 3-4 years. + +Copy and pasted from the site. + +Ford Motor Company offers the “Friends and Neighbors” pricing discount to our qualifying shareholders. To be eligible, you must show you are a current Ford Motor Company shareholder who has held a minimum of one hundred (100) shares of Ford Motor Company stock for at least the past 6 months. We call this discount the Shareholder X-Plan Program. + +The application for a shareholder X-Plan Pin (X-Pin) can be found at the link below. All further instructions are included in this document + +Shareholder X-Plan Program + +You can also obtain the application and submit additional questions about how the plan works by contacting the AXZ Headquarters using the contact information below. + +Contact AXZ Headquarters + +Telephone: 1-800-348-7709 + +Email: axzfaxes@ford.com + +edit: for every expert haggler able to get the dealer to make $0 profit because they always pay dealer (invoice) cost, instead of dealer price (MSRP), then this won't save you much. For everyone else, this will take a couple thousand off of MSRP, which is different than invoice price. Invoice price is dealer cost. +Just wondering what banks you folks are investing in and who you think has the best foundation and customer appreciation (morals) going forward? I've been an RBC and TD client and haven't had terrible experience with either. Curious of your thoughts on the big financials. Currently holding small positions with RY and CM. +I want to leave my existing career (finance) for something new. I’m leaning towards software development. I know basic html/css/javascript and have made a few sites and really just enjoy the process. Financially I’m doing well. My partner and I own our house (800k) and have a joint investment portfolio of 750k. Have a redraw loan of $500k I’ve just set to I/O (investment). I also have $60k cash for emergencies. + +My concern is I’m 30 and to get a proper qualification would take 3 years. What are your thoughts on my situation? Developers am I too old? +Hopefully you've heard that fee's aren't the only way to compare superannuation products. + +[This here is a spreadsheet](https://docs.google.com/spreadsheets/d/12w9-Ia8hrFJkKrJlgIbNaSHVb-Y73SeE2_T1Zx1kFio/edit?usp=sharing) that takes into consideration both fee's and performance for 8 super funds. + +The portfolio used is 50% international shares, 20% Aussie shares, 20% property and 10% emerging markets. So it is an aggressively high growth portfolio. + +I've used index options where possible, but not all funds have low cost index based investment options or an option for all of these areas. + +I've only projected the balance and fee's paid over 10 years, as some of these super funds start putting caps on admin fee's and I didn't want to include this. + +I've assumed a starting superannuation balance of 50K, an annual salary of 90K, 10% SG contributions and 2% inflation (my inflation calc is slightly wrong). + +&#x200B; + +Some Highlights: + +Even though Aware super has medium fee's they've had the best performance for this type of portfolio, the balance for this portfolio over 10 years would be $245,215.58 + +Host Plus and Rest have also done well and are almost tied for 2nd/3rd place with 241K and 239K respectively + +Having no index based investment options is really hurting Hesta, after 10 years this fund would be $216,433.19 + +Even though CFS has fairly high fee's it's not terrible (for a retail fund) + +&#x200B; + +Past performance is no indication of future gains, and this isn't personal advice + +If you want to play around with the spreadsheet please make a local copy + +Update: my earlier spreadsheet didn't take into account this important disclaimer text:\*\*Returns are net of investment fees and costs and where applicable investment taxes. +If you've joined this sub in the past few weeks you may have seen a lot of advice to "buy the dip" when the market drops. + +You might have seen today's correction and thought about pulling the trigger when you saw a lot of the alt coins were -10%. + +The reality is, most of these coins were available at these prices last week, or a couple of weeks ago and in crypto, this is a slightly bad day and not a dip. + +When BTC and ETH are down 10% that's a dip, when they are down 15-20% it's a correction. If they get to $40000 and $2500 again respectively, that's a fire sale. + +TL;DR Dont blow your life savings thinking this is a dip. By all means keep averaging in, but know that this is far from a real dip in the crypto space. + +EDIT: thank you to the person that gave me my first ever award :) + +EDIT 2: thank you to u/dwin31 for pointing out I got the order of dip and correction wrong. Dip is smaller, correction is bigger, have adjusted above. The sentiment of the post still stands, though :). +My father has a day or two at best left in the hospital ICU. I’m his only son and sole immediate survivor. He has a will leaving all assets to me and absolutely no mortgage / debt other than normal bills to maintain the house that I plan to keep. I’m authorized on his main checking and saving accounts and have been for some time... so no problems there... but he does have a modest 401k and owns stock through his former employer that both total around $200k. I don’t need to touch those at this time... but I’m guessing they’ll need informed and transferred in my name at some point? + +Needless to say... I’m new to this. About all I know right now is I’ll need numerous copies of the death certificate... but are there folks who specialize in sorting this process out that I can seek... or is it best to just work it all out on my own since his affairs are fairly basic? + +Also... our copy of his will is in my safe deposit box that I haven’t touched in years... and unfortunately can’t find the keys to. It was drawn up by an attorney over 20 years ago. Should I try to get our copy... or is it on legal record somewhere? + +Thanks very much for the help! +FUCKING THINK ABOUT WHAT KIND OF A STATEMENT THAT IS, TO USE MOST OF HIS PROFITS AS A MAN THAT WAS NOT RICH BEFORE ALL OF THIS AND TO USE THE MAJORITY OF HIS MONEY TO FUCKING SCREAM AT EVERY ONE OF US IN THE ONLY WAY HE CAN.. “HODL!!!!” + +I’ve been with this whole thing since first gamma squeeze 4 months ago, I’m an ape holding a sexy amount of shares but listen.. throughout this whole thing DFV has been a god damn messiah of the people. He has continued to be a light that people have confidence in. JUST KNOW THAT THE GOOD DD IS RIGHT. WHEN EVERYONE IN THE MSM WONT SHUT THE FUCK UP ABOUT US BEING “WRONG”, its because we’re right :) msm doesn’t have your best interest in mind, this hive of 200k minds in a sub has your best interest. We weed out the bs and shed light on the good holy DD that stands true + +This ain’t financial advice, I pack the green crayons in my lunchbox everyday + +Tits are jacked, pants full of precum and I’m strapped the fuck in 🚀🚀🚀🚀🚀🚀💎🙌🏻 + +Edit: I am in no way saying DFV is “our leader” just that he is a guy who stands for what he believes in and the man has some god damn leviathan balls +Hello, + +We are a late 20s couple both working as Software Engineers for FAANG companies. Our combined total income is around 750,000-800,000. We have a net worth of 1.3M with around 1M in equity and 300,000 in our primary residence. + +We are contributing between 250,000-300,000 every year into equities \[index funds\] and that's pretty much it. Our work is very hectic and this has so far allowed us to focus on our careers and whatever is left, on family. I brought up the thought of dipping our feet into real estate investing - starting with condo and working our way into multi-family residences. + +My wife feels that we should just stick with equity investing since it doesn't require much of our time. I feel we could build up significant wealth if we carefully use leverage to our benefit in real estate investing, but do agree that it would require a lot of time initially to learn things and get it bootstrapped. + +I was curious what others here might feel or if you have any alternate suggestions. Thanks for your time. + +&#x200B; + +\[EDIT\] : Thank you all for the replies! Sounds like the wife is right :) Going to focus on building up capital by staying in the current path and once I reach critical mass, try out something else like RE. Love this community! +Gather around retards for my first DD. I have something here with tons of potential for those willing to bet on it early! + +**Parkway Minerals (ASX:PWN)** + +Share price: 2.1c + +Shares outstanding: 2.44B + +Market Cap: $51.30M + +**Overview:** +-PWN is addressing the issue of wastewater from industrial processes in mining, energy and wastewater industries +-Through their proprietary technologies, PWN is able to not only process and reduce wastewater from these industries, saving them 💰 in dumping fees, but turn them into high value products that can be sold for extra 💰🍗 +-PWN will make money through upfront licensing, ongoing royalties and for services they provide +-Long term goals are to provide tech and support for wastewater processing plants (not owned by PWN) and to generate free flow cash for payment of dividends 🍗🍗🍗 + +**Recent Achievements:** +-Advanced aMES™️ technology +-Acquired iBC™️ technology +-Commissioned aMES™️ pilot plant +-Global Strategic Cooperation Agreement with Worley +-Tested iBC™️ technology with coal seam gas (CSG) industry client to find net benefit to client almost order of magnitude higher than estimated (more on this later) + +**How does it work:** +1. Take waste brine stream +2. Process brine with proprietary brine processing tech including aMES™️ and/or iBC™️ +3. Recover very pure fresh water, thereby reducing waste volume +4. Produce range of high-purity products including potash, lithium, nickel, cobalt, copper & salts +5. 🚀🚀🚀 + +In the December 2020 quarterly announcement, PWN was able to announce that the application of their iBC technology, when tested with a real world CSG client, was able to provide a net annual benefit greater than $40M. Almost an order of magnitude greater than the predicted benefit of $4-5M per annum. The preliminary findings indicated a wastewater reduction of >90% was achievable when combined with their aMES technology, potentially providing a zero-liquid discharge (ZLD) solution to the client. It was with the clients' data on waste water disposal costs that the predicted net benefit came out to be much higher than initially estimated. + +**All Cashed Up** 💰💰💰 +PWN's current cash balance +💰 $2.4M sale of strategic investment in ASX:DAV +💰 $5.25M completed CR +💰 $235k R&D tax incentive rebate +💰 $2.6M cash on hand +💰💰💰Total ~$10M 💰💰💰 + +**My Position** 🙋 +I have been invested in PWN for a few months now. The potential and scalability of this company attracted me as well as the ongoing onslaught of new legislation around the world to look after our environment. PWN is a way to profit and save the environment in one ♻️💰 Since jumping on I have accumulated 1.2M shares. I'm not a big fish so it represents a significant % of total my portfolio. +The recent news about the benefit PWN's tech can provide sounds like a fairytale, and I don't doubt that it will be a different number depending on the client, location, facility, and a whole host of other factors. It almost sounds too good to be true. And that's likely why we are still waiting on the first deal to be signed. Rome wasn't built in a day. CEO Bahay and the team are doing everything they can to land that first fish, just hold onto your butts and watch. + +**Rocket Outlook?** 🚀 +1H2021 - 1st signed deal: 3-5x 🚀 +2H2021 - more deals to follow 5-10x 🚀🚀 +2023 - divvies??? + +This is my first DD, obviously not **Financial Advice**... DYOR. +I can barely read the announcements so take from this postwhat you will. +I'm just grabbing this ticket to the moon before the first deal launches us into the stratosphere. Catch you retards on Pluto 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +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 +Per REG SHO 203 (b)(3) after 13 consecutive Days of being on said list they must closeout these FTD's. We're wondering why our quarterly cycle has ripped yet. The shorts are simply not closing these positions. Yet short interest has increased last month by another 1.3m shares. SI is bare minimum 700%. + +I feel like the NSCC & The SEC are turning a blind eye to these positions. Much like they did to Overstock(dotcom) years ago. + +TL:DR +I truly feel like shorts are pressed against the margin line and if they close these XRT FTDs it would tear them to peices. SEC is allowing this can kick as the whole market is about to collapse anyway. +I really feel for alot of people within the community of Shiba. People who actually look at the transfers (pump/dump) and why the shib token is being as low as it is and will be as low as it is, could see and notice there is a pattern off always the same people who dump and sell their coins (avg 5 to 6 Eth). There isnt enough volume on Shib right now to overcome a negative spiral when they sell it, meaning the candles will be red and going down very quickly and after a few minutes the same people who sold their assets will buy them back when the price is on its lowest and bide their time until you guys keep on buying. This keeps going and going and going. Buyers are being played by a few guys in there and nobody wants to see it hoping for big pumps. People from Shib itself play a big role in this. They try to keep investors interested with the so called Shiba app that’s coming, but I have a cut feeling it won’t ever show. + +I”m in the cryptospace for some years now, and this off ourse not the first time this happens to a weak token with many many people in its community. Sure they can descide what to do with their “lower value than you bought it” token..but I just feel for the early investors. They lost or will loose all their money. So a shout out to all new potential investors. Do not invest.. + +I tried to tell them but there are a few guys within the community who will directly start screaming and throwing meme’s around just for the community members to be blind to see (messages get lost in the crowd) and can’t read whats truly happening with Shib. This coin will never ever reach or has the potential to reach 0.0000001. Hell, there isnt even a whitepaper that will show you where Shib is going and what its utility is ment to be. + +Alarmbells should be ringing guys. This message got deleted in 10 secs within the community because there are bigger things at stake in there. When it comes to money, there are no such things as friends. Some people within the community did throw meme’s directly after this message so you guys can’t or will miss reading this. + +For the people who want to invest in Shib...don’t.....just have a look at dextools or etherscan and look who is buying and selling for 5-6 of ETH..look at their adress.. make up your own mind. People are being played, and yes thats pretty normal within the crypto space...but there are a lot of good people to. +Just some intellectual discussion, not fear-mongering. + +So there was this study https://thehill.com/changing-america/sustainability/climate-change/563497-mit-predicted-society-would-collapse-by-2040/ that models that with the pollution humanity is putting in the environment, global birth rate will be negative for many years til mid-century where the population shrinks by a lot. What would happen at that time and what stock is worth holding onto to a world with less people? +Hi guys, + +I'm trying to find somewhere where I can get earnings dates in an efficient way into Python. + +There's the packages: yfinance and yahoo\_earnings\_calendar which are great but they rely on requests to yahoo finance for each ticker, which consumes tons of time for a watchlist of 100-200 tickers. + +Is there somewhere I can get this in bulk for a watchlist of tickers? + +&#x200B; + +thx! +Not often do you see a large-cap ($10B+) company undervalued by over 25%, especially if it's a defensive stock. + +IMO Loblaw ( [L.TO](https://finance.yahoo.com/quote/L.TO?p=L.TO&.tsrc=fin-srch) ) is. Here are my reasons, would love to hear your thoughts. + +* Beat 2019 Q3 Sales numbers in Q3 2020 by...$1 Billion dollars (up 7%) +* 2020 YTD Sales is up 8%...+ $2.9 Billion dollars +* Shoppers Drugmart has seen sales increase by 6% +* Shoppers Drugmart has been in discussion with the feds/provinces as vaccine distribution centers (90% of Canadians live within 10 Km of a Loblaw brand store) +* FWD P/E = 12.8, lower than Metro (14.9) and Couche-Tard (20.3) +* Incredibly low P/S of 0.43 and reasonable P/B of 2.03 +* Ignoring the March Crash, the price per share hasn't been this cheap since \~ December 2018. +* There are 6% FEWER shares outstanding since that time (372M--->350M) + +Here is the kicker: + +* The share price is down -11.4% in the last 12 months. +* Analysts have an average Price Target of $77 (23% upside) +* Safe 2% dividend +The union representing Air Canada flight attendants says the airline is set to ask employees to work less — or not at all — as concerns over job security buffet the airline industry. + + + +Air Canada will ask workers to slash their schedules, go on leave for up to two years or resign with travel privileges, according to an internal bulletin to members from the Canadian Union of Public Employees sent out Thursday night and obtained by The Canadian Press. + +READ MORE: Live updates on the coronavirus pandemic in Canada + +The memo states that CUPE is in discussions with Air Canada over continuing the federal wage subsidy, which the airline has not committed to maintain past June 6. + +“We know this news is not what any of us were expecting,” states the bulletin, signed by the president of CUPE’s Air Canada component and two other union officials. + +“The reality is that COVID-19 has severely impacted the demand for air travel over the past few months and into the foreseeable future. As such, there is no denying that we are dealing with the largest surplus of cabin personnel in our history.” + +Air Canada confirmed that further cuts are imminent. + +[ Sign up for our Health IQ newsletter for the latest coronavirus updates ] + +“We expect that both the overall industry and our airline will be considerably smaller for some time, which will unfortunately result in significant reductions in both fleet and employee levels,” the airline said in an email. + +It did not answer questions about whether it would drop the Canada Emergency Wage Subsidy, which Ottawa recently extended through August, or how many layoffs were upcoming. + +READ MORE: Coronavirus: WestJet extends flight cancellations due to reduced demand + +Air Canada announced five weeks ago it would rehire 16,500 laid-off employees — including 6,800 flight attendants — via the subsidy program, which covers 75 per cent of a worker’s normal hourly wages or up to $847 per week. + +The vast majority of rehired Air Canada employees have stayed at home under the subsidy as more than 200 planes remain grounded amid the collapse of global travel triggered by the outbreak of COVID-19. + +While Air Canada is not contributing to most worker wages, the airline has continued to put money toward pensions and benefits, a continuous cash drain at a company that lost more than $1 billion last quarter. + +The Montreal-based company has been bleeding cash since mid-March, slashing its flight capacity by over 90 per cent ahead of even fewer expected passengers between April and June. + +Though traffic is expected to pick up somewhat before year’s end, more than 200 planes remain grounded and Air Canada CEO Calin Rovinescu said last week the recovery will be slow, with at least three years of subpar earnings. + +https://globalnews.ca/news/6950933/air-canada-employees-retirement/ +https://www.nbcnews.com/tech/tech-news/delivery-dilemma-americans-are-ordering-more-u-s-can-only-n1106426 + +There's only so many boxes that can be delivered in a day. + +Warehouse space is nearly full, with vacancy near an all-time low. Streets are crammed with delivery vans blocking traffic. City curbs are increasingly a turf war between delivery drivers and everyone else. Even grocery store aisles can feel crowded — at least, when staff for delivery services are scouring the shelves. + +Americans are demanding more deliveries, and as a result, many of the things needed for delivery are becoming scarce. And with many companies pushing to meet that demand, industry experts say the U.S. faces a problem — its infrastructure can only handle so many deliveries. +Through a connection I've arranged to have a casual dinner with a PM of a hedgefund. I looked up his company and they specialize in options / derivatives to hedge risk. I'm not gunning for an internship or anything but I know only the bare minimum about options. What kind of questions should I be asking? My primary goal here is to learn and gain some insight from a brilliant guy. +I've seen a lot of positive information about Paypal's stock and what the future might hold for Paypal especially with Venmo hitting Amazon; however, it seems every other day it's 3 steps forward and 3 steps back as Paypal stock sits between 180 and 195 for a single share. What do you guys think about Paypal as a company currently? and what do you think as far as stock price within the next year or two? +*First off, this post is not to persuade anyone to invest in anything other than GME. The VIX is a tool to gauge risk, fear, or stress in the market. I wouldn't recommend anyone invest in it even under extraordinary circumstances. And honestly, GME is the perfect hedge against market instability, last time I saw a Bloomberg terminal raw beta was like negative 35.* + +*I was attracted to the VIX because of it's recent... volatility.* + +*Also, not a financial advisor--I eat crayons-- the sparkly ones taste the best.* + +\-------------------------------------- + +Here is a link to the wayback machine: + +[https://web.archive.org/web/\*/https://finance.yahoo.com/quote/%5EVIX/options/](https://web.archive.org/web/*/https://finance.yahoo.com/quote/%5EVIX/options/) + +As you can see someone was nice enough to capture the huge open interest in calls expiring January 20th on January 14th. + +https://preview.redd.it/mupr82jg0pz61.jpg?width=916&format=pjpg&auto=webp&s=dcaea975a307f69e0ef4e5700b05c05efd88e5ba + +On Jan 14th, GME opened $38.09 and closed $39.91. + +The VIX opened $22.67 and closed $24.72 -- no a huge runup for either, though GME was on the verge of the January baby squeeze. Yet huge open interest on VIX. + +At this point, most people on WSB are raving about GME potentially going to $100 ruining Melvin Capital's day (the understatement of the century) and there is some FOMO. I don't have the data for Jan 27th calls, but I assume it is substantial, maybe someone else knows where to find it. + +My point is, people with a lot of money, most likely the SHF knew shit was going down in January before we did. + +Lets take a look at the 6 month charts. + +https://preview.redd.it/o942pxjl0pz61.jpg?width=1186&format=pjpg&auto=webp&s=9ffcf27230c83fd4e81bccbfaeef976cdb8bfcb0 + +https://preview.redd.it/4izqxyhm0pz61.jpg?width=1237&format=pjpg&auto=webp&s=ae9b73e5ce5eb7c8ac1ee563dcb8deb423e7586d + +You might notice the same big "M" on GME and VIX at the end of January. The market was blood red except GME then, this may have been SHF preparing to be margin called or just trying to pay interest on all their shorts. The DTCC guy said there were no margin calls though, but there is the possibility some shorts covered and caused this volatility because during the MOASS you don't want to be the last SHF to cover. + +Edit: u/Lanedustin : "I wanted to note that the DTCC may have been saying they didn't have any members that were unable to meet the additional margin requirements. I think this may be separate from a Prime Broker like Goldman Sachs margin calling their client (HFs)." + +The second big pop up on the VIX happens on Feb 25th, however the runup on GME doesn't hit hard till March 8th. I'm unsure why Archegos Capital Management defaulted. I see a lot of unverified sources saying it was because the Feb runup of GME, but there is no evidence that I have seen, but it makes complete sense to me. Liquidating positions end of Feb and cover beginning of March. I would also like to point out the "M" Archegos Capital may have made on the VIX as well. We may see another spike on the VIX in the next day or so if this is a pattern. + +[SOURCE???? WHERE SOURCE? And wen lambo dammit!?](https://preview.redd.it/qcfra2mo0pz61.jpg?width=1037&format=pjpg&auto=webp&s=7f9326f2dc426a88782f4573423df726f4c5ccf9) + +Ok, so runup on VIX may potentially be linked to GME. Yeah? + +And we just had post from a European Financial News talking about all the margin calls on wall street last week. + +Post: [https://www.reddit.com/r/Superstonk/comments/nb9pon/european\_financial\_news\_is\_reporting\_major\_margin/](https://www.reddit.com/r/Superstonk/comments/nb9pon/european_financial_news_is_reporting_major_margin/)The link: [https://www.money.it/Fed-repo-miliardi-Wall-Street](https://www.money.it/Fed-repo-miliardi-Wall-Street) If you can read European :O + +Counter DD (updated as of 5/16 and debunked): [https://www.reddit.com/r/Superstonk/comments/nbt1sp/counter\_dd\_ny\_fed\_400\_bln\_reverse\_repos\_is\_not/](https://www.reddit.com/r/Superstonk/comments/nbt1sp/counter_dd_ny_fed_400_bln_reverse_repos_is_not/) + +Lets take a look at the options expiring Wednesday, 5/19/21: + +https://preview.redd.it/408egpmu0pz61.jpg?width=977&format=pjpg&auto=webp&s=5280ed151440901669232f492cab2082a38f6bd8 + +I just pasted the calls here, there is a large number of puts as well, however they are much closer to being ITM and less of them. That's just those rascally HF *hedging,* typically not retail investors. We had a spike on the VIX last Tuesday and Wednesday, but it simmered back down Thurs and Fri, so most of these will expire worthless unless margin calls continue throughout the week or there is something bigger on the horizon. + +Look at the next week, May 26th or the week after that and you'll see the option activity is far more normal looking, all the way up to until 6/16. The simple explanation for this may just be that these dates were available more early than most dates. The original dates back in January were 5/19 and 6/16, but that's still a concerning amount of money betting the stock market will shit the bed by then-- which is good if you're long on GME because of negative beta and because margin calls are more likely to come. + +I'm not going to bother pasting 6/16, because we already know this date was available earlier than the ones surrounding it. My initial thought is that it was tied to being the week after the GME shareholder meeting, but probably has more to do with the lack of faith in financial stability. + +TL;DR: + +A VIX spike occurred last week. The spike likely occurred due to margin calls. Aside from one European news source we have not heard anything about margin calls, much like when Archegos defaulted. The VIX may telegraph an increase in price in GME if SHF are the ones being margin called. + +The lag between the VIX and GME was around 8 business days or 11 regular days. Again, I have no idea if Archegos was short on GME, but it does seem likely. + +\---------------------------------------------- + +I will try to update if necessary. My free time is sparse, so be patient with me. + +GME will moon regardless. + +Edit: + +Apparently, I have to clarify the title... margin calls potentially cause VIX spikes, not magically show up before margin calls. We don't have much transparency in the market, so we don't know when margin calls happened until way later. And yes, there are plenty of other reasons for the VIX to spike recently like liquidity test and jobs report. VIX up 10% since I posted fyi. +The last question during a grueling hours-long interview for a huge FinTech company was "Teach me something." I thought for a second and said "Have you heard of the infinite leverage glitch on Robinhood?" The interviewer had not, so I explained how the glitch worked. Then I said "The knowledge of this glitch will spread and in a few days it will be all over the news." My interviewer was skeptical to say the least. As you all know, a couple days later I was proved right. I got the call with the offer yesterday. + +Thank you CTN and all you other ~~retards~~ really nice people <3 +"HAWTHORNE, Calif. — Tesla has aimed to reinvent the automobile and the way electricity is generated for homes. With those efforts still in progress, it is setting out on another quest: to remake the multibillion-dollar trucking industry. + +In an elaborately produced nighttime presentation by its chief executive, Elon Musk, Tesla unveiled a prototype for a battery-powered, nearly self-driving semi truck that the company said would prove more efficient and less costly to operate than the diesel trucks that now haul goods across the country. And of course, it will emit no exhaust. + +In Tesla fashion, the truck is a sharp departure from the industry’s norm. The cabin is spacious enough for a driver and passenger to stand. The driver’s seat is in the center of the cab, not on the left side. It is flanked by two laptop-size video screens providing navigation and scheduling data as well as images from blind spots and other areas around the truck. + +It will be equipped with radar sensors, cameras and processors to enable drivers to use a version of Autopilot, the advanced driver-assistance system featured in Tesla cars such as the Model S and the new Model 3." + +Link for the full read: https://www.nytimes.com/2017/11/16/business/tesla-electric-truck.html +I only own stocks I’ve read about on this subreddit (RIP me), and now I’m trying to come up with a game plan. Better late than never, I hope. + +If you own them, what are your target prices for LKE, LRS, NVX, PLS, 4DS and MX1? + +I keep reading $0.60 for LKE on Twitter. + +Yes, I plan on learning how to actually do my own DD and work this out on my own, but I don’t want to lose my money in the meantime, seeing as I already bought them. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#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). +Dreadnought Resources sealed their JV this week for the Mangaroon Ni-Cu-PGE Project - Advances to $12m Earn-in + +Reducing business case risk by bringing in [@FirstQuantumM](https://twitter.com/FirstQuantumM) whilst securing long term cash flow for us shareholders through the signed JV agreement. + +&#x200B; + +Any thoughts on $DRE long term Outlook? + +&#x200B; + +Disclaimer: no mandate with DRE, not getting paid to post this sh+\* ;) + +&#x200B; + +https://preview.redd.it/1oww6kqefgl91.jpg?width=5000&format=pjpg&auto=webp&s=b09618704e574f919f297259bc26240d798852b2 +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Roughly two weeks ago, [/u/beached89 shared](https://www.reddit.com/r/personalfinance/comments/4e8n3n/how_to_spend_your_money_the_flow_chart/) an informative flowchart on how to prioritize spending of personal income. + +I like what he shared and think having a flowchart of that calibre can be a useful tool, so I decided to make some alterations and revise it into something I felt would be more polished in terms of reflecting what is in the PF Wiki as accurately as possible. + +My goals for this revision included: + +* Major aesthetic redesign to more closely reflect the [Simplified graphical version](https://i.imgur.com/fb7Dtmh.png) of the [How to handle $](https://www.reddit.com/r/personalfinance/wiki/commontopics) PF Wiki entry +* Removal of arbitrary numbers and streamlining of certain node paths +* Reordering of certain nodes to more closely reflect the PF Wiki +* Reworking of some information to more closely reflect the PF Wiki +* Replacement of the "Entertainment Expenses" node with a footnote on entertainment expenses due to its highly discretionary nature and its absence from the PF Wiki + +No single personal income spending flowchart can truly be a "one-size-fits-all" thing, there are scenarios where certain nodes might need to be moved around, but the vision was to have something *as close as possible* to a "gold" standard. + +Keeping that in mind, here it is— + +**The Flowchart v4:** [PF - Income Spending Priority Flowchart](https://i.imgur.com/CcEVQAV.jpg) +*Previous Versions* +[1](https://i.imgur.com/Fsf0HNg.jpg) [2](https://i.imgur.com/qaXYcwz.jpg) [3](https://i.imgur.com/1rPEkGQ.png) + +*Changelog:* + +* ~~Relocated "Pay Any Non-Essential Bills in Full" node after employer match nodes~~ +* Added title text to indicate this flowchart is US-centric +* Reattached missing arrow +* Changed phrasing from "low risk, low volatility investments" to "savings or checking account" + +Due to the progression of the [How to handle $](https://www.reddit.com/r/personalfinance/wiki/commontopics) entry, there is some overlap present in the flowchart, particularly related to the emergency fund steps. I've tried a couple different things, but haven't been able to successfully rework the layout without the flowchart becoming unnecessarily convoluted/hectic. + +I'd love to get any feedback or insights regarding this, or anything else. Your thoughts would be appreciated :) + +Again, the inspiration came from /u/beached89, so thanks to him for laying the groundwork for this. I'd also like to extend thanks to /u/dequeued who has given extensive feedback to help shape this into something that aligns well with the PF Wiki. + +I hope this is beneficial, and thanks for any feedback or thoughts you leave. If the consensus is there, I'll make sure to update as soon as I'm able to. + +***Edit 1:*** I am reading the feedback! Thanks for all the comments, I truly appreciate it. I have uploaded a new version of the flowchart. Changes may be slow, we want to make sure that any changes made stay true to the PF Wiki, so thank you for the patience :) + +***Edit 2:*** After some discussion, I have reverted the changes implemented which relocated the "Pay Any Non-Essential Bills in Full" node. As much as it seems logical that it would be something done after employer matching, it's not realistic or reasonable, particularly when we consider that many people will be utilizing a chart such as this will already be on contracts for Internet/phone services. As such, these bills do need to be paid before employer matching. +Taxes are fine, don't get me wrong. But if you had 20m of assets and say, had to pay 25% tax on it if you sold, surely it'd make sense to move to the Bahamas/Monaco (anywhere else?) for a year or so if it meant keeping the 5m? Phrased another way, would you move to the Bahamas for a year or so if someone paid you $5m? + +I'm interested to know whether it works like this. Has anyone considered it or had any experience? Cheers + +Edit: I'm not from the US, and I certainly don't have $20m, was just curious as to how this sort of thing worked. +Hi all, +I have a background in finance and now I want to dig dipper and looking to take a course on valuation of companies . +Would be happy to get your recommendations on courses or books . +I've just signed up for their premium free trial and was wondering if it is worth the money. Im basically a complete rookie when it comes to value investing (though I have bought a couple of books and am working my way through them). The problem I have is that I have no idea whether my analysis is even realistic and I'm thinking that this tool might be helpful. What's your experience with them and would you recommend it as a ressource to check my work? +I’ve never seen this stock mentioned in basically any subreddit. I was doing a scan in Finviz and it popped up. I did some research on it, read the statements, and it seems like a pretty good long term value play. + +Am I overlooking something with it? It’s basically beating every other auto manufacturer on p/b, debt/equity, % covering dividends, and there’s no meaningful dilution that I can see. + +Why isn’t this stock more popular? I feel like I’m overlooking something. They were recently fined for emissions, but nearly every major corporation has been fined for some reason in the last few years. + +Does anyone see some red flags I’m not seeing? + +Thanks! +I am a software engineer for work and love value investing. I am still a noob but am learning as much as possible. + +I haven't been able to find any platforms that are designed or tailored for value investors. In general it seems like everything is tailored for "day traders" which statistically is not a winning strategy. + +I am curious wether any of you know of existing platforms I should look into or if you'd interested in one? + +I have some free time coming up soon and if nothing exists I would love to build a platform if people would use it. +Besides, the classic books that everyone recommends here are 2 value investing books of great quality that are not so popular. + +1. Kenneth Jeffrey Marshall's Good Stocks Cheap +2. J. Dennis Jean-Jaques' The 5 Keys to Value Investing + +There are many great books on different aspects of value investing, but these two books are of great help to assist you in developing your own investment process. + +Let me know if you have read them :) +Stock returns usually come from 3 sources: + +1. Price going to value +2. Value changing +3. Noise + +Most commentary is focused on #3, but your attention should be on #1 and #2 + +Value changes slowly (most of the time) + +To benefit, you need to have a long-term time horizon and sound business analysis + +The gap between price and value can close suddenly + +But it might do so after a long time of staying open + +So you still need a long-term time horizon + +The more you think like a business person and security analyst and less like a trader, the better your long-term results are likely to be. +Let's say you are 50 years old, and for the last 30 years you have followed the principles of Graham, Buffett and Munger. You started with $100,000 inheritance that you invested in great businesses trading below their intrinsic value, and you continued to add to your positions over time from what's left of a modest salary. You've been very successful and outperformed the market, leaving you with a portfolio in the millions of $. + +Here's the thing: you have fully bought into the Buffett mantra that the ideal holding period for a business is forever, and you don't want to stop the compounding machine. How do you take advantage of your large net worth? +I have a couple that I really like and are easy enough for a simpleton like myself to understand: + +US railroads: The major class A railroads in the US own the tracks that they run on. Oftentimes there is only 1 company that owns the tracks on a route. It is impossibly expensive to buy up new land and build new tracks, so each railroad has a monopoly in its territory. Also, rail is an order of magnitude cheaper than transporting via truck and this difference is magnified over very long routes (ie from the interior of the US), so other forms of transport cannot compete on price. Investors in railroads have made a killing in the last 40 years because of these regional monopolies in which they operate. + +Another moat I love is billboard advertising. In a lot of locations in the US local law/permitting makes it very difficult to construct a new billboard. So, if you own all the billboards in a certain town/area, then you can 100% control the billboard advertising market as there are near impossible barriers to entry for competitors. + +Let me know your favorite moats. +About CRSR: + +Corsair Gaming manufactures a variety of gaming/streaming related goods. This includes tower cases, keyboards, headsets, audio equipment, and entirely pre-built PCs. Meaning, they are poised to profit off of growth in esports, streaming, and gaming on whole. + +&#x200B; + +Let's talk numbers: + +There is a compelling value play in CRSR. The current market cap is 2.93bn, and the current share price $32.15. The current trailing p/e ratio is sitting right around 30, roughly the average in technology today. However, this becomes far more enticing when considering future growth prospects. + +Analysts estimate 2021 revenue to be 1.9bn, and 2021 earnings to be 128m. Analysts estimate 2022 revenue to be 2.05bn, and 2022 earnings to be 157m. Estimates beyond 2022 signal a general uptrend in both revenues and income. + +&#x200B; + +A Few Important Ratios: + +Forward p/e: 22.8. + +2yr forward p/e: 18.66. + +PEG ratio: 1.4. + +&#x200B; + +Analysis: + +I believe all of these ratios are incredibly reasonable given the growth prospects for esports, streaming, and gaming. Specifically, streaming is seeing strong growth as more people (amateurs) are getting their own streaming equipment. Streaming is increasingly being adopted by players other than professionals/near professionals. + +Their forward p/e ratios give room for significant growth in share price. If future prospects remain strong, I expect a lot of growth from the stock. + +&#x200B; + +Conclusion: + +If Corsair continues to be the quality brand name in gaming equipment, I expect a lot of long-term growth in the stock, as currently, it's valued very conservatively given its growth prospects. +Everyone is wondering. Not just here on superstonk, not just here on reddit. Lots of people are intrigued by this purchase. + +(Edit 2:) as u/thatskindaneat points out below, there are obvious reasons as to why Ryan Cohen would invest in BBBY. I'll cite a few. + +> RC is proving to be a value investor in brand loyal brick and mortar stores + +> RC understands e-commerce/supply chain as well as anyone in the world and knows BBBY’s issues are fixable, especially since he’s doing the exact thing at another legacy brick and mortar + +While these are obvious reasons, I still think there's something else to consider. Ryan Cohen couldn't possibly be ignoring the ramifications and rumors of announcing his stake at this time, before the succesful transformation of GME is fully concluded. + +Other posts have painted a narrative about this investment being a "play" in order to simply make money. I do not believe it is as simple as that. I think RC is very adamant about exposing the fraud and corruption in the stock market. (/Edit 2) + +Let's have a look at Ryan Cohen. + +- He created Chewy and showed that the little guy can compete with the industry giants and win, by creating a healthy business with customer satisfaction as the main goal. + +- Again and again he's honoring the memory of his father. He's got love in his heart. + +- He's an activist investor. He tweeted about monetary and fiscal policies having a worse impact on humanity than climate crisis ever could. He believes in changing the stock market for the better. + +Does that sound like a man who's trying to game the system for his own personal gain? He's not trying to get rich. He is already rich. His family is secure for generations. + +Why would he buy a 10% share and absurd leaps in BBBY? Obvious! **To make people wonder why he did it!** + +It makes *no sense* to the regular investors. They'll wonder why the chair of GME goes into another half dead brick'n'mortar, when GME is still on the ground? + +The regular investors will search for answers. + +They'll find no compelling arguments in MSM, because the corporate media would never risk exposing the short basket swaps for what they are! That would be opening a huge can of swap-worms. + +So they'll dig a little more. And maybe, just maybe, they'll learn more about shorted stocks, cellar boxing and the short basket swap connection. + +Genious move, RC + +Edit: people are asking for DD on this. I have read so much DD about total return swaps, portfolio swaps, ETF shorting etc that I forget it's not common knowledge. Please help me and comment with links to dank DDs! + +To start with, here's u/broccaaa https://www.reddit.com/r/Superstonk/comments/pbibrk/the_start_of_the_swaps_packaging_meme_stocks_up/ +Hi everyone, I have 20k (life savings, an accumulating pot for a future home deposit) which I won't require for a number of years... 3 at least, I just plan to keep adding to it on a monthly basis. + +I would love to know how to make this money work for me whilst it is effectively sitting around for years, my current savings account has an interest rate of 0.75 which is practically insulting. + +Can somebody point me in the direction of any shrewd investment ideas? I have begun trading on T212 but only with disposable monthly cash on the Invest part, I am nowhere near ready to put 20k into that but I'd love to know of any funds, ideas or tips someone might have to make hefty gains on that as I continue adding to the pot. + +Needless to say, whilst I am willing to incorporate some level of risk in my investments, I can't afford to lose the money as I have spent over 10 years rectifying my credit rating and actually putting together some savings. + +Thanks guys and wish you all a great Christmas! +I decided to check my dealing history to see if I somehow managed accidentally sell out the investment but no such sell is recorded. What’s more, the original buy of the investment has also disappeared from the dealing history! The buy is however recorded on the cash history but no such sell is recorded there. I decided to search the ETF on google to see if it had been shut down but there is no such news on that. + +I am very concerned over the vanishing of one of my investments. +Hi everyone, I have 20k (life savings, an accumulating pot for a future home deposit) which I won't require for a number of years... 3 at least, I just plan to keep adding to it on a monthly basis. + +I would love to know how to make this money work for me whilst it is effectively sitting around for years, my current savings account has an interest rate of 0.75 which is practically insulting. + +Can somebody point me in the direction of any shrewd investment ideas? I have begun trading on T212 but only with disposable monthly cash on the Invest part, I am nowhere near ready to put 20k into that but I'd love to know of any funds, ideas or tips someone might have to make hefty gains on that as I continue adding to the pot. + +Needless to say, whilst I am willing to incorporate some level of risk in my investments, I can't afford to lose the money as I have spent over 10 years rectifying my credit rating and actually putting together some savings. + +Thanks guys and wish you all a great Christmas! +This story has a happy ending , but I thought that it would be useful to share my experiences so that people can learn from my mistakes. + +Some back story: As a side hustle, I buy and sell cameras which I find on the cheap online. I've been a photographer for a number of years, and I love collecting old cameras. Over the Lockdown I decided to turn this into a side hustle to earn a little extra cash and had found that people sell some really good cameras on ebay and gumtree for quite cheap, usually because people inherit them or find them at junk shops and then they just sit on a shelf for a few years gathering dust. I didn't make millions, but it was a good way to fill my evenings. + +That was until I spotted my dream camera for a decent price on Gumtree. I'm not going to mention the camera name just to give me some layer of anonymity, but its widely considered the holy grail of 35mm film cameras. The advert had plenty of pictures and read something like: + +Selling my old dad's camera, hasn't been used for a few years but works with a new battery. See pictures for more information and feel free to ask questions. + +I jumped at the chance. The camera was priced at £1000, which was the most I had paid for a camera save for the one that I use for work. I spent the weekend talking to the seller, asking questions and deliberating over it with my partner before I decided to pull the trigger. I Thought That I would have been able to make a decent 500 - 600 off of the back of it and thought everything was above board. On Tuesday, we agreed that I would send £500, he would post it on the Wednesday and then I'd pay the rest when it had arrived. Which I was happy to do. + +I sent the money over through a bank transfer, as he said he didn't want to pay the charges associated with Paypal and we continued to chat. He was worried that the money hadn't come in, so I sent him a picture of the payment going through so that he could rest happy until the money arrived into his account. I went to sleep dreaming of testing the camera like a good little hipster and then putting some money back into my business. + +On Wednesday, I sent him a message asking for a receipt and the tracking number. + +No reply. + +On Thursday, I sent him a chasing email. + +No reply. + +I sent him daily messages and slowly came to the realisation that he wasn't ever going to email back. I complained about it on a few reddit threads and someone helpfully told me that I was a victim of an APP Push payment scam, aka a bank transfer scam. + +For the uninitiated, Bank transfers don't offer you any protection in terms of getting your money back like you do if you use a credit card or paypal. Him telling me to send the money by bank transfer severely reduced my options of what I could do to get the money back. + +Here's what I did about it: + +Firstly, a week after I sent him the money I sent him an ultimatum that if he didn't respond, I would assume he's run off with the money and I'll take it further. He didn't respond to that either (surprise surprise at this point) so I called my banks Fraud department to see what they could do. + +After about half an hour of waiting around, I told my bank the story, making sure that I told them everything that I had done to try to do my own due diligence about the purchase. It turns out that most of the high street banks are part of some Fraud alliance, and if you've been a victim of Fraud, they can compensate you up to the full amount of you payment. They also send the scammers card details to an external agency who investigate it further and can freeze their bank accounts to make sure this doesn't happen again. All of this in an hour. By the end of the day the money was back in my account and I was safe in the knowledge that the powers that be will come down hard enough on them that they'll think twice about ever doing it again. + +So what have I learnt from this experience? + +&#x200B; + +1. Scammers know as much about niche interests as you do. + +This guy had done his homework. The camera was close enough to the going price to avoid suspicion, but cheap enough for people to think it was a bargain. I thought that scammers would go for people buying tech online but I was wrong. My thoughts are that he actually owned the camera and had done this multiple times before with pictures of his own camera. + +2. Your bank will have your back, so long as it looks like you did your part too. + +If you are a victim of the scam, they're going to ask you a thousand questions on what you did to check if it was a real product. Luckily I did that, asking plenty of questions and sending him regular messages over multiple days. Don't let them go quietly into the night, shout after them to the point of being annoying. + +3. Don't be too hard on yourself + +When you tell people, they're going to tell you that you were an idiot for falling for something like this. That isn't true. My friends and family thought I was mad because it was an expensive camera, and I wasn't ever going to resell it. I've bought hundreds of things off ebay and gumtree in the past and this is the first scam. Just be mindful if: + +They ask you to do a bank transfer rather than go through paypal + +They ask you to start emailing them rather than use the app chats + +They give you a little too much back story - my guy kept going on about another business he owned, I thought he was just being chatty but on reflection, I think it was to give him more validity. + +4. There are some really helpful websites out there which give you hope. + +Shout out to [Which?](https://www.which.co.uk/consumer-rights/advice/what-to-do-if-you-re-the-victim-of-a-bank-transfer-app-scam-aED6A0l529rc#emotional-support-available-after-a-scam) who have a really good section on what to do if you fall victim to this type of scam + +&#x200B; + +So here I am, my dream camera still somewhere out there, but at least I'm not out of pocket and the thief is going to have a shock when he can't pay for a pint now the pubs are open. + +&#x200B; + +TLDR in the form of a Haiku: + +I like cameras. + +I fell victim to a scam. + +My bank Fucked him. +For me, it’s simple. Without a W2 or steady non-investment income, it means anything that looks like it could reduce my net worth. Or at least most things that skews my net worth away from productive assets. + +For example, I am much more likely to sink money into renovating the house (increases asset value) than I am to spend on some depreciating luxury (new Maserati). But I would much rather keep money inside - or ready for - cash flowing assets. Otherwise, it needs to be able to be paid for out of interest. + +Now that the markets have turned, and I see a slide in validations everywhere, I am REALLY tightening up. + +Lower NW friends often raise their brows at me when I say “oh we can’t afford that right now” despite being HNW, so I wonder what the statement means for most of you? +I was driving home from work when I wondered how people would live if nearly all jobs were done by robots and computers. Manufacturing has become pretty heavily automated, and even service jobs are becoming automated. + +If robots did all the work, would money be worth anything? +The sale didn't come close to their expectations. Every warehouse I've heard from was overstaffed over the sale period, shipping volume not much more than usual. I work at one of their warehouses and every department had overtime for the past month, but suddenly there is no more overtime and they are now asking people to take time off, even during the last day of their "biggest sale ever".. + +TL;DR: Short Amazon. +I have waited over a month and there has been no refund check. Is this pretty much a call and hope for the best thing? It's after hours and cannot call now. + +Edit: to clarify. I left that day paying 750 bucks. The dentist charged about 1700 to MetLife and then Metlife said the negotated charge was much less. Then the claim processed online and it says that I would only have to pay $500. But since I overpayed what they think I should have payed, was curious if there was some sort of refund. + +Online it says "The patient's financial responsibility to the Dentist is $500" + +Thanks for all your help guys! +I'm a 24 M bartender that works solely for tips and I was wondering if I should make the switch to a different career before the economic turmoil hits the service industry? And if so, what career option would be ideal for minimal downfall during this crisis? +P.S. I'm also a student in community college and making the mandatory switch to a prolonged spring break and mandatory online classes. Eventual goal is a nursing program. +Edit: Needing a career to put me through a nursing program. Temporary, but in demand and reliable. +I'm investigating this possibility, and assuming it'd be a 20% cut. I'm not quite 40, so it seems like I'm young to do this, but I'm very stable financially. House is paid off, and no other debt. No kids and don't plan on having any. Not married, but in a relationship. Anyway, even after a 20% cut, I'd still be in the 6-figures. + +My thinking is that the extra free time is more valuable to me than the extra money. What does everyone think? + +**Update** +I appreciate all the input I received. Thank you! I spoke with the big boss today, and he seemed to be OK with the idea. I need to talk to another boss, and a few of my colleagues, but I'm seriously considering doing it. Also, I mentioned maybe trying it for a year, and if it doesn't work out, going back to 100%. Unfortunately, as I kind of expected, there would be a 20% pay cut. However, I was living just fine a few years ago when I made that much less, so I think once the initial shock wears off, I'd be fine. I'll keep you posted. + +Also, my PTO will decrease as well. I'll only earn 0.8 of what I did before. This is a bummer, but then I realized my amount of vacation time will be the same. I currently get 25 days (so 5 weeks if I go in one-week blocks). If I take the cut, I'll only get 20 days, but in reality, it's still 5 weeks because my work weeks would only be 4 days (4 x 5 = 20). Nice. + +**UPDATE 2** +So it seemed like one of my bosses was OK with this, but then another said no. She made some excuses about staffing issues at another site, but TBH, I think she just has it in for me. Now I'm really pissed because I thought this might become a reality, and I decided I would do it. As a compromise, I came back and said, how about 0.9? That would give me a 3-day weekend every other week. Still a no. At this point, I'm sick and tired of the management and the way employees get treated, so I may look for other options. Another hospital is hiring, and there is a possibility of getting an 80% position there. It's a longer commute, but I bet I could get more money. + +Long story short. I asked my employer for a 20% pay cut, and they said no. Unbelievable. +After playing 9 seasons in the NFL, running back Marshawn Lynch just announced his retirement from professional football. At the young age of 29, he has not spent any of his career earnings, instead living off his endorsement deals. He is also known for being a resource for teammates when it came to finances - teaching rookies how to take advantage of their 401k. Peace out boss. + +http://www.complex.com/sports/2016/02/marshawn-lynch-has-not-any-fifty-million-dollars-nfl-paychecks +So my TFSA & RRSP are maxed out with XEQT. My next step is to open a taxable account, and I'm wondering if I should just keep going with XEQT, or if I should do something different? + +Also, at what amount of money invested is XEQT no longer the ideal choice? Like if I have a million invested, should it be all in XEQT, or are there better options? +I know that generally the costs of an ETF will lower my gains somehow, but if I am never directly paying the fee, buying shares at one price and selling at another, how do I lose money by paying a higher MER? +I have $30k to top off my TFSA. Going to put it all into XEQT. Typically I follow the rule “Time In The Market > Timing The Market” but this is the largest lump sum contribution I’ve made. + +Considering today’s market, would you personally make a lump sum contribution or would you contribute a specific amount over a specific amount of time? + +Edit: Thanks for all the responses! For additional context, the plan is to hold till retirement (20-30 years from now). Also using Questrade, so no purchase fees if I DCA. +I won't sell a single damn coin during this downturn. I'll let it go to zero before capitulating. I didn't get into Ethereum as a normal investor, I got into this as a true believer, and that is what I am today. (Yes, I'm a verified moonkid, trolls - check back with me in a few months and a few years, and let's compare notes). + +Ethereum grabbed a hold of me in a way that no other technology ever has. Its potential inspired me. I could feel it in my bones, and I still do. So I don't treat my investment in ETH as a stock or a mutual fund - I treat it as a bet on a better future, on something big that requires vision and balls in order to stay the course. + +When this thing turns back up... hold on tight, because you are going to see something truly extraordinary. Or you can try to time the market, sell now and panic buy as the exchanges shut down and you are stuck with fiat. + +But I'm ready to sacrifice all of my dear profits all the way down to the bottom, because like Kaiser Soze I'd rather kill my dear coins entirely than give up hope and sell into this Fear, Uncertainty and Doubt. + +(And don't forget to secure your coins off exchange in a hardware wallet) + +I saw a video of why you lose in trading,and apparently it has to do with me not trading with/like banks. I have heard of people become profitable with 6 figures(you know the story) with it. I wanna know, if I learn how banks trade will it help me improve or just a bunch of bs. +Critical point as I'm seeing a lot of people confused how a stock split via dividend works + +A stock split would just multiply the shares and reduce the price + +However a stock split via dividend means all shareholders on the cut off date will recieve additional shares + +This means if you're short a stock, IT IS YOUR JOB TO PROVIDE THE LENDER THE DIVIDEND. + +This is a huge fucking problem for people short GME, as majority of the float is locked up with insiders institutions and most importants; Direct Registration via computershare. + +The "self reported" 14.5million shares that are short now have to find 4x the shares or close out their positions by the ex dividend date. + +We know they wont, because they can't, it would collapse the market due to the infinite losses possible from shorting a stock, so they can try and kick the can further. + +We also know the short interest is much higher and the float is already sold out in brokerages IRAs and various other platforms. + +Hold tight guys the next catalyst is an NFT marketplace and we are going to the fucking moon. + +No dates no prices just UP + +Edit again : my last edit has been removed wtf, also everytime I return my own post has been down voted by me, Glitch? + +Please help each other understand this dividend vs split as I'm getting messages and also trying to reply in here too 💩💩 +FTX official Twitter released an update yesterday that some number of users who withdrew funds from FTX International on the 11th face having these funds taken back. It is not certain what group or number of users are affected. The funds are being returned to FTX, to be accessible and adjudicated upon by bankruptcy courts. As it is the entire FTX group including FTX US that filed for bankruptcy, it is unclear why FTX has not stated that this also affects FTX US withdrawals. + +&#x200B; + +https://preview.redd.it/7y9xqmle1a1a1.png?width=599&format=png&auto=webp&s=151bfd8c373e51080efb626a45d6cac3ff4e7f7a + +This most likely refers to Bahamian funds on the platform where SBF and FTX both (in separate similar tweets) claim that Bahamian regulators mandated FTX International to permit withdrawals by Bahamian citizens, a claim strongly later denied by the regulators. + +&#x200B; + +https://preview.redd.it/93v9z21t1a1a1.png?width=574&format=png&auto=webp&s=72b67fb8a4f367294b59bb3f03dc7ed43b1709bb + +FTX and SBF also agreed to a credit facility with Justin Sun and his DAO Tron to permit withdrawals but only using Sun-owned token BTT, TRX, SUN, JST, and HT. This credit facility was instituted 10th Nov such that FTX may also be referring to funds transferred out through this facility on the 11th as well, as any assets left on the platform at bankruptcy time would have already been declared through courts. + +Lastly, very confusingly, Bahamas regulators have acknowledged seizing assets from FTX. However it is also very unclear whether this seizure refers to the entire sum of missing funds of FTX assets or just some portion of it. The tweet may *also* be referring to the 'stolen' sum of money that represents the balance of what regulators did not seize. These funds however are only reclaimable if the hacker(s) made a rookie move and utilized centralized exchanges. +been profitable for two years. it's hard to come across tools and apps that help you stay successful and are free or worth their money. + +what are your favorite tools for your option activities? + +please provide or link the tools you use day to day or week to week + + +here is what I use, both are free. +[chat exchange - best free option research ](https://chartexchange.com/) + + +[options calculator ](https://www.optionsprofitcalculator.com/calculator/long-call.html) - if youre going to buy or sell an option anything longer than a day it's good to use this tool for reference. + +think or swim is also neat but not something I use everyday. + +- please don't self promote, it's usually obvious when people do. +I can’t really see this situation getting better anytime soon, a lot of people like me live hand to mouth. Things like this could screw us over. Especially if we are forced to take time of work & have drastically reduced income. What do we say to loan companies? Credit unions? Gas and electric companies? Obviously the rent is the first thing you pay, but if you don’t even have enough for that you could be evicted. This is something a lot of us are worried about. I hope there will be some announcements to help ease people’s anxiety about things like this. It’s already effecting me financially and I already have to decide to either make a loan payment or buy food and other supplies I need. +I am looking for small towns that have not been discovered yet to buy RE now and retire there in the next - 7 years. Looking for plenty of natural snow, ideally sunny days. Tried Sun Valley, already too crowded and super expensive. Schweizer is on the list to check out. Steam Boat is getting too big and expensive as well. What other recommendations do you have? + +Here are 4, except whistler in bc + +https://www.hellobc.com/stories/discover-unique-BC-ski-towns/?utm_campaign=21-22_ski&utm_medium=social_paid&utm_source=fb-insta&utm_content=single-image_godeeper-culture-activate-kr_v04-skitowns_us-wa_25-64-adventure-travel&fbclid=IwAR2N-o7iabnq4P8o7oZCa4lrhSO5pVlGxe6x9bX3pV_07MUQ-Oo2zn46-kw +This subreddit has over 1.2m members and while I am lucky enough to be set financially I was curious when I came across it. + +It is unbelievable that this is where we are in this day and age. So many stories from people who can’t afford the basics like food and shelter… + +It seems like I live a sheltered life in my bubble consisting of people who are all well off and don’t intersect with stories like these on a daily basis. + +What needs to happen for things to get better at scale? This is not ok +My employer has reached out to me several times about setting up a 401k and I've refused every time. This is partially because I don't make enough to be able to do that (working at 9/hour and barely making rent), but also because of an illness that will kill me in my 40s. I'm not too worried about a 401k now, but I'll get better paying jobs in the future. To be honest I don't really know how it works, but a lot of people say that it's a good thing. + +I just don't see the point in doing it if I'm not going to make it to retirement. I've quite literally got to work until I die. Is there something else I can do to 'save for retirement' so that I can spend the last of my limited years relaxing a bit? +Russia started bombing weak spots all around Ukraine during sunrise. So that means there is a full scale war now in the country. That also means worldwide economic tensions caused by further supply chain shortages, war effort, and overall volatility from the unknown. + +A reminder for crypto new comers who are getting absolutely pantsed and turned around right now. + +Selling at a loss historically makes no sense. Overtime crypto and the overall stock market and real estate. It all bounces back. + +Time in the market over timing it. Instead of thinking you know what’s gonna happen. Just buy some here and there. And in 2025 maybe we we all be better off for it. + +All of that being said I’m so sorry if you live in Ukraine I cannot even imagine being a smaller country being brutally attacked by a large and vicious neighbor with no remorse. + +Fight if you want, escape if you can. Russia kills civilians and supporters of anything western. Just a week ago the US exposed a list of Ukrainians Russians were to kill and put in camps after an invasion. + +Please don’t think it cannot happen. Be safe and be smart. Fight hard the Russians are just people. + +Dear Ukrainians! + +If you seek asylum - go towards polish border. They have reception points ready at the border where you can find shelter, food, medical and legal aid. +Polish government launched a dedicated site to help you: ua.gov.pl + +Please share this information if you know anyone seeking help right now. + +EDIT: YOU DON'T NEED VISA TO PASS THROUGH POLISH BORDER. ALL YOU NEED IS PASSPORT. VISAS ARE SUSPENDED! YOU DON'T NEED THEM FOR TIME BEING!!!!!! + +EDIT2: as a proof that you no longer need visa: + +• ⁠in Ukrainian https://www.gov.pl/web/udsc/ukraina---ua • ⁠in English https://www.gov.pl/web/udsc/ukraina-en +[Official statement](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220316a.htm) + +# **What is Reserve Requirement?** +- The total amount of funds a bank must have on hand each night in order to meet central bank requirements +- It is a percentage of the bank's deposits +- The nation's central bank sets the percentage rate +- This is real paper money that must be kept by the bank in a vault on-site or held in its account at the central bank +- **Cash reserves requirements are intended to ensure that every bank can meet any large and unexpected demand for withdrawals** +- Reserves also may be kept in the bank's account at one of the [12 regional Federal Reserve Banks](https://www.investopedia.com/articles/investing/061515/what-do-federal-reserve-banks-do.asp) + +# **What happens if a bank does not surpass its reserve requirement?** +- If the bank doesn't have enough on hand to meet its reserve, it borrows from other banks +- It may also borrow from the Federal Reserve discount window +- The money that banks borrow or lend to each other to fulfill the reserve requirement is called "federal funds" +- The interest they charge each other to borrow fed funds is the "feds fund rate" +- **All other interest rates are based on that rate** +- **The higher the reserve requirement, the less profit a bank makes with its money.** +- [Excellent source of info](https://www.thebalance.com/reserve-requirement-3305883) + +# **What is the significance of increasing the federal interest rate, and therefore reserve requirement?** +- Changing the reserve requirement is expensive for banks +- It forces them to modify their procedures +- This reduces liquidity in the market and slows down economic activity +- As a result, the Fed Board rarely changes the reserve requirement + +# **When has the fed changed te reserve requirement before?** +- The reserve amount has historically ranged from zero to 10% +- Here's the official website for the Federal Funds Effective Rate or [FRED](https://fred.stlouisfed.org/series/FEDFUNDS#0) +- During times of economic stress/growth the fed will often lower and raise interest rates to compensate for changes in the market + +# **Here's the kicker, on [March 26, 2020](https://www.federalreserve.gov/monetarypolicy/reservereq.htm) the Federal Reserve dropped interests rates to ZERO** +- That means banks did not have to hold ANY MONEY in a reserve bank overnight to cover their transactions overnight +- This was done in light of the COVID pandemic to prevent a market crash + +# **The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on reserve balances to 0.4 percent, effective March 17, 2022** - [source](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220316a1.htm). Below is the excerpt from the file + +- "Effective March 17, 2022, the Federal Open Market Committee directs the Desk to: + - Undertake open market operations as necessary to maintain the federal funds rate in a target range of 1/4 to 1/2 percent. + - Conduct overnight repurchase agreement operations with a minimum bid rate of 0.5 percent and with an aggregate operation limit of $500 billion; the aggregate operation limit can be temporarily increased at the discretion of the Chair. + - Conduct overnight reverse repurchase agreement operations at an offering rate of 0.3 percent and with a per-counterparty limit of $160 billion per day; the per-counterparty limit can be temporarily increased at the discretion of the Chair. + - Roll over at auction all principal payments from the Federal Reserve's holdings of Treasury securities and reinvest all principal payments from the Federal Reserve's holdings of agency debt and agency mortgage-backed securities (MBS) in agency MBS. + - Allow modest deviations from stated amounts for reinvestments, if needed for operational reasons. + - Engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency MBS transactions." +- This has led the DTCC to implement their changes as well + - Increasing settlement obligations fails of US Treasuries & Agencies to 2.75% and Mortgage Backed Securities to 1.75% - [source](https://www.dtcc.com/-/media/Files/pdf/2022/3/16/GOV1229-22.pdf) + +## **TLDR** +- The fed is making the banks pay their bills overnight, which prior to today they didn't have to pay a single dollar; this rate increase may umask and lead to infectious defaults of infamous banks and hedgies that have egregiously exploitated monetary policies during times of global distress, most recently the pandemic and now the looming Ukrainian war, to benefit themselves. They can go fuck themselves. + +**Buy. Hodl. DRS. Be kind** +I am not sure what the status of this is, but the Government of Greece has been contemplating a 7% tax rate for foreigners that live 6 months+ per year in Greece. + +I work from home and make $400,000 per year, and would love to live by the Med instead of in London. Does anyone know how far they are with this scheme and if there are some drawbacks? + + [https://www.theguardian.com/world/2020/jul/19/sun-sea-safety-greece-woos-british-pensioners-with-7-income-tax-rate](https://www.theguardian.com/world/2020/jul/19/sun-sea-safety-greece-woos-british-pensioners-with-7-income-tax-rate) + +Alternatively, I am considering moving to Monaco, Cyprus or Tuscany. +When Choice Properties Real Estate Investment Trust reported its second-quarter financial results this week, one of the key takeaways was that more of its retailing tenants are paying their rent. Does the upbeat news apply to other REITs? + +The REIT sector is languishing amid uncertainty over the financial health of its tenants. REITs that are exposed to the retailing sector – which has been devastated during the pandemic by the triple whammy of store closings, the threat of bankruptcies and surging levels of unemployment – have been hit particularly hard. + +RioCan REIT, which owns 222 retail and mixed-use properties, has seen its unit price collapse 46 per cent since February, even as much of the Canadian economy has reopened and the S&P/TSX Composite Index has recovered to within 11 per cent of its record high. + +SmartCentres REIT is down 37 per cent. First Capital REIT is down 39 per cent, CT REIT (which has Canadian Tire stores among its anchor tenants) is down 21 per cent and Crombie REIT is down 22 per cent. + +The tumbling unit prices – and stable monthly distributions – have raised dividend yields to a range between 5.8 per cent (CT) and 9.4 per cent (RioCan), underscoring why the sector may appeal to investors wondering if there is potential for a turnaround here: You get paid handsomely while you wait. + +The second-quarter results from Choice Properties suggest that there is a compelling bullish case for retail REITs at today’s beaten-up prices. + +First, the rate of rent collection is improving as the economy reopens. Choice Properties (where Loblaw stores are the principal tenants, accounting for 56.6 per cent of gross leasable area) said that it has collected or expects to collect 93 per cent of monthly contractual rent from its retail tenants in July. + +That’s up from successful rent collection of 88 per cent in the second quarter ended June 30, and a low of 86 per cent in April. + +Rent collection from industrial tenants improved to 99 per cent in July, up from 97 per cent in the second quarter. Although rent collection from office tenants held steady at 89 per cent, these tenants account for a small slice of the revenue pie. + +The takeaway here: “This is an encouraging sign as our rent collections are steadily improving each month, as more tenants are getting back to business,” Rael Diamond, Choice Properties’ chief executive, said on a conference call with analysts. + +Second, expiring leases this year are nothing to worry about. Just 1.9 per cent of Choice Properties’ gross leasable area is expiring by the end of 2020, and the average base rent for this space is $11.85 per square foot. That’s well below the average base rent of $14.69 per square foot for the entire portfolio, which implies that renewals could be lucrative. + +Third, Canadians are buying again. Statistics Canada estimated that retail sales increased 24.5 per cent in June, following an 18.7 per cent increase in May. This could be owing to pent-up demand after the lockdown, but it’s an encouraging sign for struggling retailers and their landlords. + +No doubt, there’s a lot of uncertainty ahead because of the continuing pandemic and its longer-term impact on the economy. Retail bankruptcies are among the biggest threats to REITs. + +Dean Wilkinson, an analyst at CIBC World Markets, noted this week that retail bankruptcies are probably heavily weighted toward small businesses. Retail REIT exposure to these tenants, though, is less than 10 per cent, on average. + +“We found that retail-centric REIT valuations are reflecting a much worse outcome than that which is likely to prevail,” Mr. Wilkinson said in a note. + +Choice Properties is arguably one of the safer bets in the retail REIT sector, given the fact that Loblaw is a healthy, stable tenant. The REIT’s relatively low dividend yield of 5.9 per cent suggests some confidence among investors. + +RioCan and SmartCentres, on the other hand, have yields above 9 per cent, reflecting greater risk because of a broader tenant base. But the opportunity in this sector, especially after Choice Properties’ financial results, is hard to ignore. + + +https://www.theglobeandmail.com/investing/markets/inside-the-market/article-good-news-for-reit-investors-tenants-are-paying-rent/ +Hi everyone, I am a first generation immigrant to this great country. Moved here at the age of 25 and now 39, own a tech consulting business(revenue $10m). We are a fast Growing company which can easily hit 15-25m next year, we did 5m last year. But due to the nature of the business, it requires cash to scale it further. + +Personally beyond this company, my net worth is around $4m primarily passive real estate investing and retirement accounts. + +I am fairly confused on what should be my next step. + +History: before starting this firm, I used to work for a fairly successful consulting firm which did $35m in revenue when I was working there and they had multiple acquisition offers which they didn't take at that time and later struggled with the business for 8 years before selling at a way lower valuation. + +Obviously I don't want to repeat the same mistakes. I think I can grow this business beyond $25m in revenue but I am having self doubts plus i am a lil tired. Recently few pe firms and one of our competitors have reached out to buy us out. I have not even started the process coz I know if they make a very compelling offer I may become greedy(come from a middle class family and haven't seen any this kind of wealth ever) + +Another reason is, few of the folks I know have suggested that selling at revenue less than 25-30m for a very fast growing company is easier and its based on revenue multiple of 2.5 to 3 coz ebidta is not that great coz of high growth and pe firms understand that. If you grow to 50m or more buyers become less and they require way more due diligence. + +Other thought is, I raise some money to keep myself secure and get a m&a ceo which can take this ship to the next level. + +Anyways, I think I blabbered whatever came to my mind. If anyone has gone through this journey can help me that will be great. +Making 76k now but low work load and job is a 10min bike ride away vs new job which offers 98k but is a 1 hour train ride away. Cost for commuting is about 400/month which includes monthly metrocard for subway and then a monthly rail pass. Is this worth it? +Are you tired of Sh*tcoins that rugpull everyday? Are you looking for a real BSC gem? Then $ZEP Zepplin DAO is for you. + +This is unheard of, it surpasses any other memecoin or sh*tcoin I have seen in this bullmarket, even surpassing the initial SAFEMOON growth by a huge margin and has an actual use case. + +What is Zeppelin DAO? + +Zeppelin DAO is NOT a meme. +Zeppelin DAO is NOT a sh*itcoin. +Zeppelin DAO is a REAL PROJECT. + +Zeppelin.dao is founded on the vision that crypto can empower everyone to reach new heights of financial freedom. If traditional finance has left you dead in the water, get aboard and be a part of our journey to the skies. Everybody is welcome, everybody is equal. Take your chance and prepare for the greatest adventure of our lifetimes! + +$ZEP helps launch new projects, early access for $ZEP holders. Their first IDO launch already starts friday, april 23, 15:00 UTC. + +🌟 WEBSITE 🌟 - https://www.zeppelindao.com + +🌟TOKENOMICS🌟 https://www.zeppelindao.com/#token + +Every Zeppelin transaction incrues a fee of 10% to the benefit of all, of which: +- 5% are distributed among all diamond hands holders +- 5% are locked away in the Iron Bank liquidity pool, to create a steadily rising price floor. + +🥞BUY NOW🥞 PanCakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x2e291e1c9f85a86d0c58ae15621aac005a8b2ead + +Everything you need I've put together for you :) + +🌟CoinGecko: https://www.coingecko.com/en/coins/zeppelin-dao + +🌟Telegram: https://t.me/zeppelindao (Already 11k+ and growing) + +🌟Twitter: https://twitter.com/ZeppelinDao (Already 14k+) + +🌟Reddit: https://www.reddit.com/r/zeppelindao + +🌟 Coin Market Cap: https://coinmarketcap.com/it/currencies/zeppelin-dao/ + +🌟Charts: +Poocoin: https://poocoin.app/tokens/0x2e291e1c9f85a86d0c58ae15621aac005a8b2ead +DexGuru: https://dex.guru/token/0x2e291e1c9f85a86d0c58ae15621aac005a8b2ead-bsc + +🌟BSC Scan: https://bscscan.com/token/0x2E291e1c9f85a86d0C58Ae15621aaC005a8b2EAD#balances + +🌟Contract: 0x2E291e1c9f85a86d0C58Ae15621aaC005a8b2EAD + +THIS DIP WILL NEVER BE TOUCHED AGAIN. DYOR +LOL. + +http://www.bloomberg.com/news/articles/2016-09-28/california-suspends-wells-fargo-from-state-bond-investing-work + +"Wells Fargo’s fleecing of its customers by opening fraudulent accounts for the purpose of extracting millions in illegal fees demonstrates, at best, a reckless lack of institutional control and, at worst, a culture which actively promotes wanton greed,” the treasurer said in a statement. + +"California, the nation’s largest issuer of municipal bonds, is barring Wells Fargo & Co. from underwriting state debt and handling its banking transactions after the company admitted to opening potentially millions of bogus customer accounts. +The suspension, in effect immediately, will remain in place for 12 months, State Treasurer John Chiang said Wednesday. **"Complete and permanent severance" between his office and the bank will occur if it doesn’t change its practices, he said.** The treasurer is also suspending his office’s investment in Wells Fargo securities." +Does anyone have any recommendations for part-time jobs or side hustles that would help build skills that would make someone a better real estate investor (Examples: construction, law, budgeting, property management, etc.)? + +On top of extra income, I want to learn new skills or improve current ones that could help me with real estate investing down the line. Due to personal circumstances I rather not get into right now, I'm not ready to jump into real estate, investing or otherwise, right now. At earliest, I might try it out in around a year. While I wait and save up, I wouldn't mind finding ways to make the wait efficient. + +I already work a decently paying tech job that I plan to keep advancing in (working on relevant skills to keep moving up in the field). Due to this job, I probably won't have enough time to work positions that are full-time. + + +https://preview.redd.it/dev3xinbwbf61.png?width=1170&format=png&auto=webp&s=429f3df544970b7a7caefc060a7fe8654d024dc5 + +Sup fellas, from my readings of various posts I have yet to see anyone mention this possibility. As you can see in the image, if you were to remove the large spikes that happened during the media/twitter/Robinhood wildness, and simply view it in respect to our new current bottom ( around 100), its actually moving up in accord to how it was when there were less than 2million members on this thread. + +From Jan 5th ( $GME 17.37 ) to Jan 20th ( $GME 39.12 ) The stock jumped over double with only little news coverage from things like citron and other small mentions ( at least compared to the current coverage). from the 20th to today ( almost another 15 days ) the stock has gone from $39.12 to our closing price today of $92.41 once again, just over double in 15(ish) days. This is the slow growth we are seeing again thanks to all you wonderful diamond handers + +Could this mean that various things like CNBC, Robinhoods meltdown, news coverage, and the Elon tweet pushed us far ahead of where we would actually be without them? I think yes. lots of people who bought over 300 may feel like **they missed it** and they're on the downhill slope from here on it. No one knows for sure, but one things for sure; **IF you hold shares** of any company and don't sell you reduce the amount in circulation, the fact that the stock has less and less shares available for purchase is what drives the market price up, throw the short float and the 6.5mil member increase in there and it clear that this can go up if everyone just diamond hands. + +Example: Company A has 10,000 shares, ten people buy 900 shares @ $100 per share and refuse to sell for anything less than $700 a share. Now the next day when buy orders very likely out ratio the sell orders due to scarcity the *price will drive upwards. That is what we are seeing here.* It is very unlikely that any paper hands are left after we went from $510 to $74. Now that only the real mfs are left holding the shares. we are seeing a much firmer bottom today and hopefully we can see an increase in people who also would like to diamond hand with us as well as us diamond handers buying more if we can. + +*TLDR: my speculation is that all the drama shot us ahead of our time ( displayed by the green line on the picture) and that now so long as we hold we will eventually get the tendies. If squeeze territory is around 500 than it will take about one more month ( two compounding doubles) to make this happen. dont lose hope.* + +GME : 🚀🚀🚀🚀 🚀🚀🚀🚀 + +**Disclaimer: this is not financial advice; only risk what you're willing to lose.** + +POS: 91 Shares at 52.66 +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! +I have their direct deposit information; but we use different banks. + +The only way I can think to make a direct deposit instant and free is to withdraw cash from my bank, and deposit cash it in person at their bank branch. + +Is there a better way to do it? + +Edit: Thanks for the input and insight. For clarification I have my Landlord's business acct and routing number, not the other way around. + +I looked into Zella, but my bank (ill let you deduce that) only allows a 500-per-day transfer *at first*. I'll talk to my bank tomorrow, but otherwise I plan to drop a check off in person at the Landlord's bank at least for this month. +Hello everyone, + +There's a popular post on this subreddit that warns of an incoming Ethereum supply shock. + +I would just like to point out that the graph is a bit misleading. Yes, the Ethereum reserve in exchanges is dropping, but the post makes it seem far more dramatic than it is. + +Here's the link to the graph : + +https://cryptoquant.com/overview/eth-exchange-flows/278 + + +The post (intentionally or not) omits the left axis, which clearly shows that the supply on exchanges went from 24M to 18M. + +Without the left axis, it would look like the reserves are dropping to zero, which is far from reality. + +I just wanted to point this out for a clearer image. + +People shouldn't blindly trust the information given to them, and always do your research. Your hard earned money is on the line. +Thoughts on this guy’s analysis? + +[https://www.forbes.com/sites/johntobey/2020/07/26/flawed-unemployment-stats-dont-fool-wall-street-so-stock-market-rise-will-continue/#15bac15b7788](https://www.forbes.com/sites/johntobey/2020/07/26/flawed-unemployment-stats-dont-fool-wall-street-so-stock-market-rise-will-continue/#15bac15b7788) +In a closed press conference at the ongoing ETH Seoul 2022 Hackathon, the co-founder of Ethereum (ETH) spoke on the future expectations of the Ethereum blockchain and the crypto industry in general. + +>“I think the next 10 years is when crypto has to transform into something that is not based on promises of being useful in the future but is actually useful,” he said. Because a lot of applications are promising in theory, but they’re just completely not viable because of scaling issues today,” he said. + +[Source](https://timestabloid.com/vitalik-buterin-speaks-on-what-ethereum-eth-and-crypto-should-become-in-the-next-10-years/) + +I completely agree with Vitalik here, how many people who invest in crypto actually use it? + +Most of it is just about the potential, but in the next 10 years it should be about it being “actually useful”. +Hello, + +So I have recently got a part-time job at McDonald's and do around 8-16 hours a week and earn £6.50 an hour. I asked members of the group on what to do with my money and many told me to invest in myself, for example, driving lessons, saving for uni etc. + +So I study Math, chemistry and biology at College and finding Maths quite tricky so decided to find a tutor and found one who charges £25 an hour. I am thinking to have an hour lesson every week. + +Do you think getting a tutor with my earnings is a good decision? + +Also, I thought about going further with this and maybe using most of the money on a tutor and do 2 hours a week instead of the one which would cost £50. + +Do you all think that I am spending my money wisely or should I be saving more or spending it differently? + +Thank you for reading and appreciate any feedback. + +Edit- I know many of you are saying why work for 4 hours to for 1-hour tuition? I completely see where you all are coming from. But the problem is that in the hours I am spending revising for maths I still have many questions that videos and websites on the internet can't help me understand. So if I had someone to ask the questions in real-time, that would help greatly. My teachers are quite busy at college so do not have time to help me in depth. + +Thanks +If like me you noticed this crypto [“Bitconnect”](https://coinmarketcap.com/currencies/bitconnect/) rapidly rising through the ranks into the top 10 and wondered “WTF” + + +Fear no more, or start to fear because a chain of events has been set in motion and it can’t be stopped. + + + +#What is Bitconnects business model? + + + +1. Deposit Bitcoin to their site +2. Purchase Bitconnect Tokens (BCC) from their exchange (95% of all volume is transacted through here) +3. Choose your method to earn “Interest” + + a. [Lending]( https://bitconnect.co/bitcoin-information/19/investing-in-bitconnect-lending), you can loan your BCC back to Bitconnect, they will pay you interests of 0.89% daily plus a variable amount based on the amount invested. (These funds are locked for a period between 120 to 300 days. + + b. Trading: You can use their exchange to make a profit + + c. Staking: Don’t really know how this operates as there is not even a blockchain to base it on. +4. Refer your friends/enemies as you are going to lose them a lot of money. + + a. They offer you a referral fee based on what your referee loans to Bitconnect. + +Bitconnect claim that they can take the loaned funds and make the base interest rate plus the investment premium, each day trading the [volatility]( https://bitconnect.co/learning-center/bitconnect-bitcoin-price-volatility-software/) of Bitcoin. I would call this into question as any trader knows not every trade works out and some days you will have losses. This doesn’t reflect in their interest rate schedule which shows them never making a loss on a days trading. + + + + + +#Copycats Abound + + + + + +Due to the success of Bitconnect which is now sitting at over USD 1.6 Billion in market cap, a number of copy cat sites have appeared. + ++ Regal Coin ++ First Coin ++ Ethconnect ++ Bitserial + +All of these have carbon copy sites of Bitconnect, hastily thrown together, replete with spelling mistakes and poorly thought out concepts. + + + + + +#Bitconnect has begun advertising + + + + + +If you visit coinmarketcap, chances are you will see Bitconnects banner ad gracing the top of your screen if you have ad blocker turned off. This is a signal to me that the business is becoming unsustainable. Why would you need to advertise an already successful project which has been active for over a year? + + + + + +Investing in one of these Ponzi Schemes is the equivalent of raw dogging a random in a nightclub bathroom stall. Your pull out game better be strong. +Get ready for a new generation of Ethereum killers claiming that they can steal Ethereum's network effect through "superior" technology. We've already see it a bit with Polkadot, but we'll start to see it more from projects like Cosmos, Dfinity, and Tezos. [But as I said in this post a couple of weeks back, they're going to compete with each other more than they do with Ethereum.](https://www.reddit.com/r/ethtrader/comments/aupmxd/why_ethereum_competitors_are_in_a_battle_for/) + +If Ethereum was stagnant, they might be right- Ethereum could be ripe for disruption. But Ethereum can and will copy their best ideas (where there are not technical limitations to prevent it), and will continue to improve the most widely used and developed for smart contract platform in existence. And where competitors see usage that is "not significant to create a durable network effect," I see on-chain tokens and assets for a wide variety of dapps, and people (like me), who don't want those types of assets spread out over 10 or 100 different chains. And I see dapps now interoperating with each other at scale, with some dapp functionality (like Maker) becoming a primitive to build upon for other dapps. + +**If you look through the history of platforms which lost their first mover advantage, it's often because they couldn't adapt to the market fast enough, in the face of competitors who often provided initially lightweight, tailored, and more useful functionality.** Facebook started as an exclusive network for students at elite colleges who wanted their own, semi-private social network. Many of these new Ethereum competitors are taking the exact opposite approach. **These competitors are not providing niche functionality which disrupts Ethereum- they are providing incredibly complex solutions to problems which don't yet exist (like connecting many blockchains together into an interoperable mesh).** Further, there are not any restrictions on Ethereum which would prevent the platform for adopting similar functionality via L2. It won't be long before we see alternatives to Polkadot/Cosmos on Ethereum as L2, and we already see Loom is creating a bridge to Cosmos. + +And then there is a question of governance, with [incredible amounts of theoretical bluster being thrown around for why it's needed.](https://twitter.com/VladZamfir/status/1101637270795362305) These discussions, seemingly lost in borderline philosophical proofs, miss a very obvious point: **if the market demanded it, it would shift to L1 solutions which offer that governance.** They also seem to miss that platforms like Ethereum were designed to escape governance models which could be easily captured, and many (if not nearly all) users of Ethereum have the expectation that state changes are unacceptable, except for situations where there may be an existential threat to the network. + +In the case of Ethereum versus other platforms on with on-chain governance, like EOS, Polkadot, and Cosmos, I think you're seeing / going to see that **the market doesn't value those on-chain governance approaches, and they are actually a detractor for adoption by devs who care about decentralization and censorship-resistant activity- especially when they are combined with flawed token disributions. Many of the most enterprising devs in this space, who are developing actually useful dapps right now, are those who espouse a "cypherpunk" ethos, and most of them develop for Ethereum precisely because it has no formal governance.** They want to build something as close as possible to "unstoppable" applications. They know the responsibility and difficulty that comes with L1 development on Ethereum (i.e., no reversibility)- yet, they do it anyway. And more than any of the competition can reasonably claim (except for Bitcoin), this is an area of competitive and comparative advantage for Ethereum. And yes, that may mean in the future that some apps are not suitable for L1, and will instead rely upon governed or reversible L2s. That's fine, because they will be forced to provide the ability for users to still exit to and interoperate with L1. + +I want the highest security possible for my on-chain assets, and I want the confidence that they cannot be seized or adulterated through poorly crafted governance mechanisms. If I want poorly crafted governance systems, I have countless "real world" financial institutions and apps I could use, powered by blistering fast SQL databases. **Until someone else figures out "fair" on-chain governance first (either a competing L1, or an L2 on Ethereum), I won't be advocating for Ethereum to take on the bold experiments in this space.** I don't dismiss the possibility of governance being useful one day, but right now, I believe the value that Ethereum provides to the world as a mostly ungoverned (read mostly un-capturable) blockchain is worth that tradeoff. + +Some will tell you this is antithetical to the governance norms of humanity as shown over thousands of years of history, but I ask you this: **when has it ever been possible before now to have the current form of informal governance, with code-driven operation which Ethereum has?** We have thousands of years of examples of governance that "sort of works," before it inevitably and often catastrophically fails (and yes, they almost always eventually fail, with empires falling and nation-states failing). + +What if informal blockchain governance could be an antidote to the issues which come with that traditional governance, like avoiding capture? Yes, it introduces its own issues, but they very well be worth the tradeoff- especially when you consider the existence of opt-in L2s which allow for different forms of governance. If you want an experiment in governance, it's happening right now, on platforms like Ethereum and Bitcoin. If you don't like the terms of that experiment, I get it. Go use one of the governed chains, or just use AWS- it'll be a lot faster. +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. +One of the most frustrating things about covered calls is missing out on big spikes. + +One strategy I’ve thought about mitigating the risk of this, is to sell calls over time. + +For example, let’s say you own 400 shares and want to sell 0.25 delta weeklies. Rather than selling 4 delta 0.25 calls on monday, what about selling one on Monday, then another on Tuesday, and so on and then close them on friday and repeat the next week. + +Obviously you’ll collect less premium, but if the stock gaps up on Tuesday opening, then your opportunity cost is 75% less than if you had sold 4 calls on monday. Now you can sell a 0.25 delta at a higher strike for a little less premium than if you had done so yesterday. +I know there has been a slight pullback in prices, but the issue isn’t the prices, it’s the interest rates scaring people away. Over the last 5 years, rich people have pumped all of their money into real estate and caused a huge jump in prices, does anyone think that real estate will ever come back to a more realistic number? Lot of people will never own a home due to the large prices now +What's up with these two tickers. People here seem crazy about it but do they have a dividend yield? Fidelity seems to suggest no dividend. What am I missing here. +I’m 22 and have focus on growth so never considered bond investing, but considering stock market uncertainty and crazy high interest rates (along with inverted bond yields) seems like bonds may be the best investing opportunity on the current market. Anybody else considering this? I’ve looked at GOVT bond etf but also might just straight up buy bonds instead of a bond etf, not really sure the advantages/disadvantages of each +I bought PBW @126.48 and ARKG @110.05. I’m down roughly 21% on both, should I just sell them both and put it towards something else? I just can’t see these two returning to the price i bought them for in a year. +What do you guys think? Hold them or take a loss? +https://www.forbes.com/sites/investor/2020/04/23/the-crash-of-2020-is-todays-oil-chart-tomorrows-sp-500-chart/ + +Forbes made this analysis and I have been calling this for a while. Now I will agree that I underestimated the feds buying potential. It did really prop up the market but sentiment has been pessimistic the last week. + +I believe we are, or almost are at the tipping point. + +We could easily see a crash by next Monday. + +I need someone to counter my thoughts and the article above as I need to consider things I haven’t. As state above the fed cannot print forever. +Long time ago (2000-2009ish) I invested in AAPL. Over that period of 9 years, that investment totaled to about $140K. Now it's worth about $560K (depending on the day) and I'd really like to put it into something more diversified (like an index fund). How should I do this? + +&#x200B; + +* I've maxed out my Roth and 403b contributions every year. +* My AGI last year was 50K. +* It's already setup to DRIP. + +&#x200B; + +I could sell it all at once and then put it into another investment (e.g. an index fund) but I'm leery of the tax implications. Honestly the reason why this happened is because I'm a set it/forget it kind of guy. I rarely look at my investments once a year. Every year I tell myself this is the year that I diversify but then I finish my tax return and go my merry way. + +&#x200B; + +**EDIT: DANG! Thanks for everyone who replied. Even the guy who PM'd me and called me a rich cocksucker. I thought that was funny, but I reported you. Glad I didn't use my "real" account. Also, Brian from Merril Lynch at BofA I don't think it's going to work out with us.** + +&#x200B; + +**I learned a lot about long term capital gains tax brackets. I think I'm going to go the piece-meal route in divesting as well as turning off the DRIP. Just for some clarity, I'm 40 years old. I'm married. I used to work at Apple that's why I have so much of their stock.** + +&#x200B; + +**People tell me to go get a professional. But honestly, I feel you are all professionals in one way or another. I trust all of you. Even you, Brian. And the guy/girl who called me a rich cocksucker (but lets be real...that's a guy talking); I'm always looking for ways to expand my resumé and you gave it to me. I love you all.** + +&#x200B; + +**Special thanks to my agent and my wife. Honestly, I just got lucky. And lazy. It's the best combination. Besides chili peppers and chocolate. Also I love my kids.** +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Fast growing family and fast growing income over here. Is there ever a point where an HSA isn't a good idea? + +Context, we've had 4 kids in 5 years - so you can imagine on our HDHP + HSA, there were 4 years where we hit the out of pocket max and wiped clean our HSA. In fact this year because the investment portion is down, we might actually not have enough in there to cover an out of pocket procedure. + +It's also a lot of work making sure all the bills are paid for the co-insurance and deductible and my wife keeps asking me is it worth it? Should we have just chosen the plan with no deductible and higher premiums. + +Obviously that ship has sailed but as someone who only has 8k in a family HSA (I've contributed the family max for 4 years straight), she's got a point. + +For folks that have families and use health insurance regularly, is an HSA still part of your FI journey? + +&#x200B; + +Edit: For those outside the US, each birth was around 50k of which we're responsible for the first 3k and then 10% of the overall bill (so 3k + 4.7k). The HSA family max is $7200 for the year. So one birth and you're basically maxed out/wiped clean for the year. +My partner and I are separating and have to sell the house but we're currently halfway through so renovations. How would this effect the resale value and is it worth finishing them so we can walk away better off financially +on thursday it was all "the bull run is resuming! i have already ordered the special paint for my lambo which isn't a lambo but a köningsegg" + +today it's all "the prices go down by 99,99999% now. 1/6 of your life will now be spent on getting back 1% of the value. then you get rich in 20 years" + +&#x200B; + +being a member on this sub is really like dating a schizophrenic banana that ends up with bruises over night every night +Normally, Kenny would just kick the can down the road, but he didn't. He can't. DCT 005 stopped him. He now has 43 million uncollateralized short positions (just from Friday alone) that will pop-up on his books come Monday. Remember that NSCC 002 created Auto-Marge, so unless the drop to $165 was enough to bring his debt/equity ratio down far enough for Marge, Monday is going to suck... for him or us, I don't know. + +I still haven't been able to find anyone who knows for sure. Lots of speculation and guesses. Will he dig himself deeper and short the shit out of GME on Monday, or will Auto-Marge come in like the terminator and give him one hour to live. + +Thank god the weekend is over. +This normally happens some pairs, but currently the aggregate value is showing less than $0.9999 which has happened only a few times. In those times it caused a slight spike temporary for BTC and ETH. What's everyone's thoughts? Just whale movements, FOMO, just another day in crypto, or something else? +I want to open an RESP for my child and had a phone meeting with RBC today. The adviser told me that my wife needs to open the account because she is the one who receives the child care benefits. Is this true? I have not been able to find any info online to corroborate that. Have I misunderstood something? +They started opening theaters a couple of weeks ago so thats an unlikely catalyst to take effect right after the earnings. Any insight would be appreciated +Reddit usually bashes on people bragging about their portfolios, but I actually want to hear about success stories of young (<30yo) investors out there who have managed to build a decent real estate portfolio (>2 houses). How many houses do you own, what price ranges, and how did you get there? + +I’ll start: partnered with a family member and currently own 8 properties 50/50, each worth $200k-$450k. Huge debt but managed to build a six figure yearly free cash flow between the two of us (not each) +In retrospect, there are a lot of huge trends that have developed in the **past** 20 years: Social media, cell phones, online shopping, increases in national defense, eco-friendly practices, the list goes on. There is also a lot of money to be made when identifying these trends. + +Looking forward, what trends are you anticipating for the future? Perhaps scarcity of ecological resources? Innovation in food production? More war/less peace? What are your thoughts? +Anyone else facinated about our culture of debt in Australia? + +Credits cards max, car loans and don't even get me started on GE money (Harvey Norman) and AfterPay. + +The thing I find most curious is how people who are good money manages need to keep this a secret and almost play the dumb person. + +I drive a POS a Mitsubishi Colt and the concept of knowing every fortnight I could rebuy the same car (second hand obviously) in cash gives me immense utility. Yet to others this is a sign of failure. + +What's the go? Do people not understand what they are doing? Is it a instant gratification thing? + +I don't feel it's education, most of my friends are all in the educated white collar category on great money. The problem is great money isn't so great after credit card repayments, car loans and your $620 a week inner city rent. +I hate this job. I'm sick of it. I'm sick of being understaffed and overworked. I've busted my ass for four years in this train wreck of a department, and I make $15.38 an hour for routinely working 50+ hrs a week and doing lead-level work. + +I've had *countless* meetings, emails, negotiations, and everything. My own direct boss thinks I deserve a raise, but everyone above him doesn't give a flying fuck. + +My health has suffered. I had to go on an *additional* anxiety medication single-handedly because of this job. I've been applying to places on and off for months and can't even get a single email back. + +Literally the only reason I'm still with this place is I need health care. + +I don't care anymore. I want to email my boss and tell him I don't care if I have to dig ditches on a night shift, but I'm not putting up with this BS anymore. I'm out. + +I don't have anything left. + +EDIT - Sorry, I realized I had a mistype - my direct boss adores me, and has fought for me to get a substantial raise, but everyone *above* him doesn't care. And it will be hard leaving him; he's a really good dude. + +EDIT 2 - I've never had anything like this happen before. The people of this subreddit are the nicest, most caring people I've ever seen. I've had people reach out for places to apply to, words of encouragement and great advice. You guys seriously rock! ;w; +In the US. Did taxes today (because we for some reason always file for an extension despite getting a small return; yes, I know that is silly). The CPA was confused about some records, and I had to convince him to Google "mega back door Roth" as well as "custodial Roth." I realize that neither of these is something that the standard suburban household would use and that we have a rather dorky obsession with reading Mr Money Mustache and related niche sites. However, it surprised me that he had never heard of these strategies. Should these sorts of things be in the wheelhouse for a CPA? + +For the record, we have used this CPA for several years after ashtrays doing our taxes ourselves until a particularly complicated year when he not only worked out the complications with ease but also introduced us to quite a few deductions that we had no clue about. He has saved us well more than his $200 fee every year, and I have never questioned his abilities, and I am not exactly questioning now much but am mostly curious if my surprise is warranted. +Can we get this trending and dare anyone to produce proof otherwise. We have the sec report stating the run up was due to fomo and very little to due with shorts closing. This needs to be more widely spread because it seems every show, talk, or documentary is missing the point, that the squeeze hasn't squoze! All the DD we have, in front of the right eyes right now can shift the conversation from it being over and now it's time to fix the markets, to it being a current fight against corruption and manipulation. These big players like D.Lauer, S.Trimbath, and John Stewart need to also see and understand that we're in the middle of the gamestop story still, not the end. Squeeze not Squoze is the most important message and yet seems to be suppressed. Its time for the truth to come out to the rest of the world. +I just saw this on Bloomberg - Revolut launching their new "payday" product, doing their part to "improve everyone's financial wellbeing" [https://www.revolut.com/payday](https://www.revolut.com/payday) + +Now Technically it's not a payday loan as "you're getting early access to money you earned." It's a simple salary advance. + +Of course the glaring issue with this is come actual payday, the customer is going to effectively be paid less, fair enough. But come next payday... are they going to have enough money to do cover the full month? Or will they need another salary advance again? This can quickly become messy and trap users in a cycle. The exact same cycle payday lenders relied on... + +Yes payday lenders charged extortionate rates, but the \*real issue\* with payday loans was the cycle of lending people got trapped in, needing to borrow each month due to paying back the last loan. Revolut don't have the extortionate APRs, but do charge "a small fee" for the privilege. No idea what happens if things start to go bad as there's no detail on that sparse webpage. + +Now I know most users on this sub won't ever need to use this, or would only do so if they really needed to and budge their way back into the black... but most revolut customers aren't members of this subreddit. + +Having worked in lending, specifically at ethical lenders looking to get people away from high cost predatory credit, this scheme just raises alarm bells to me, specially as these aren't are salary advances not loans. Due to this, these schemes aren't covered by any consumer credit regs or any other FCA regs, which is likely why Revolut are doing it. No mucking around with affordability checks or credit checking... and Revolut don't need to report this to any credit agencies, meaning customers if go on to borrow from elsewhere, the other lenders won't necessarily know they have this potential ongoing affordability issue with Revolut. + +Now, apart from the issues I have with the product, the thing that irks me is it's all marketed under the guise of "financial wellbeing" and improving "mental health", when in reality often schemes like this achieve is the opposite. + +*Now granted there is, quite, a barrier to entry with this scheme* + +>"Employers will have to agree to participate, giving Revolut access to its payroll system so it knows how much employees are earning and how much it can front them. The service will be free for employers" but the way this is advertised as "a way to meet unexpected expenses" "an alternative to payday loans" + +Given the above so it might be DOA but still, I don't like this rise of debt encouragement through non traditional lending products. + +It reminds me a little bit of the same issues I can see with Klarna, encouraging borrowing under the guise of "financial wellbeing", "spread the cost" "make it more affordable." + +Basically, if you want to encourage financial wellbeing & mental health, why are Revolut not using this payroll integrated system they have built to take x % of a customers salary and put it into an "emergency" fund the customer can access when they actually need it... (i know the answer don't worry - if you don't, it's because revolut dont make money doing that) + +Financial wellbeing comes from saving, not the stress of needing an unregulated salary advance to cover an unexpected bill. + +I don't like it. + +*just wanted to rant.* +My husband and I are high income (~$300k combined gross) in a relatively HCOL big city (not NY or SF). We bought a house recently that was comfortable, great location, good school district and big enough for a family in but was well below what we can technically afford- and are paying for necessary updates in cash. We made sacrifices to keep the mortgage low (very small yard, no luxurious bathroom). We have a modest paid off car and no debt other than the mortgage. I've always been so financially responsible, and buying a home below our means felt like the right choice. + +Trouble is I'm starting to regret our decision. Our friends/co-workers are buying nicer, bigger houses and it feels kind of bad. They are looking for big forever homes and I feel like our "forever" home sucks in comparison. Will we be the "poor" friends? Will our kids be embarrassed by our house? Will we miss having more space and a bigger yard? + +How do you all get over these feelings? Deep down I know being financially prudent is good... But these nagging feelings suck! How do you ride through them? +Hello, + +First of all I believe that there will be many others who would be in exact same dilemma and hence posting as a new thread. + +So here is the situation: + +I had purchased 1000 partially paid shares of Tata steel (TATASTEELPP) about 2 years back for about Rs 100/share. So cost of acquisition was 1L Rs, (1000x100) + +Now tata has made a call to pay remaining 461Rs (by 15th March 2021) and then it will convert the shares to fully paid shares. + +**Now my question is about two scenarios.** + +Assume I paid remaining amount (461Rs per share) on 10 March 2021 + +Is there capital gain tax liability when partially paid shares get converted to fully paid? (even if I did not really sell the partially paid shares). + +**My next question is:** + +If after the new fully paid shares get listed and if I sell them say on 1st April 2021 (for say 700Rs/share) then how will capital gain tax be calculated? + +Because approx 1/4th part of shares were bought in 2019 (making it Long term)and 3/4th part of shares were bought on 10 March 2021 (making it short term) + +So is the sell Short term or long term? And how the calculations for Capital gain be made? + +Can anyone please guide / give their inputs? + +Thank you in advance. +For example I'm in India and I want to fund a business in Canada then, + +* How can I send money there on a daily basis, can I use the Wise (TransferWise) business account or any other business remittance services? + +* Will I get charged more if I'm transferring money daily with a volume around 3 to 4 lakhs INR? + +* Do I need any license or Import Export Code? (I'm not importing or exporting any physical goods.) + +Any other suggestions by you folks is appreciated too. + +Thanks :) +The stock is now at ₹150 levels and will go down further tomorrow considering Nifty Fut have breached 8700 levels. + +The stock is a regular dividend player and a "value" stock which just needs to get value unlocked. + +Has revenues of ₹50k crores over the previous quaters and a PE of 15. + +I have heard ppl saying it is a sleeping elephant, when will the elephant get mad and run like hell? + +Disc - holding the stock at ₹240 level. + +[Itc](https://i.imgur.com/UtXi5bh.png) +I could ride this job to FIRE, I make 140k a year, my boss is decent, and shows appreciation for what I do. I am not used to have a role that’s not central to my team (it’s more of a supportive role). I don’t get any mentorship but my boss treats me well and I like most of my coworkers. I get excluded/not invited to some meetings and that hurts my feelings but this is the best job I ever had. I know if I had a more central role it would come with more stress (I am already working long hours). + +I need your help to reframe this so I don’t become unhappy/dissatisfied and can ride this job as long as I can. I sense I need to care about the job less but other than that I am out of ideas. + +EDIT: thank you all for your feedback. A lot of you questioned if I had anything outside of work to focus on and I don’t. I think you’ve correctly identified the main root of my issues. + +I think the consensus is to develop my interests/search for impact outside work and appreciate the many good aspects of my current situation. I will follow your advice. I started this week: I’ve disable my work email alerts after 5pm, I’m making a conscious effort not to check work emails when I’m not at work, I plan to use my after-work hours and weekends to search for hobbies and non work related activities that I may enjoy (and try different ones). + +I know I have a good thing going work wise and I am grateful for it, I need to keep that in the forefront of my mind. +I am planning to retire with dividends 6%, after the tax it will be around 4%. I am planning to buy seven different companies more or less.because there are not much good companies give dividends more than 6% + +Is it a good plan? +So I've wanted to get involved in investments for awhile. I've heard some not so great things from stash, Robinhood, even found some not so great reviews on Webull. A kind redditor suggested TD AMERITRADE and it looks pretty legit. I dont have much at the moment to buy stocks so I was thinking $100 here or there. Buy a couple of stocks from apple or coca cola. Please bear with my complete and total lack of knowledge of this. I figured this was more responsible than buying scratch offs and lotto tickets. Any sound advice is greatly appreciated! +I did my research about this stock, and I think almost everything fine with it, but the dgr is too low in the last years. + +I am a beginner so, I am vers curious what do you think guys? + + +Is there a bad reason for the decreasing dgr or IT is normal? + +Do you considering to buy it? +I know it doesn’t seem like a lot, but it was half of what he normally gets paid. We just had a baby and for me to be able to take 6 weeks off of work (unpaid) we had every penny of savings (gone now) and income planned out. + +My husband is salaried and was told he was to get two weeks off paid for paternity leave. We got two weeks off for our first baby too. He thinks maybe it’s because he ran out of LOA time because he had a surgery earlier this year, but he believed the paternity time was in addition to the LOA. + +I’m not sure what to do now because we needed that money for our utilities and part of our mortgage payment, let alone food and baby supplies. Hopefully it was just a mistake and they end up paying him, but he’s been on hold for over six hours trying to figure out what happened. + +I hate that just one small mistake like this can set us back for months. +Pardon me if this isn't a relevant enough post but I figured this group would be uniquely helpful. + +I just discovered this sub two days ago and I'm so glad I did! Great insights. + +Anyways... + +Wife and I just got back from Wailea on Maui a few days ago and it's the first place the wife has said she wants to actually move to. We're in Chicago and while I absolutely love it, the winter weather is terrible. + +So has anyone looked into having a second home in HI? + +Not to get too much into my situation but we would have options but I'm wondering if there are places you all would recommend checking out? I saw Maui and would move to Wailea in a heartbeat, but I want to make a more conscientious decision than that. + +Our preferences are: + +\*Views +\*Good golfing for me (loved the Wailea golf club) +\*A walk-able neighborhood + +The other stuff we care about, like adventurous things to do, we already know is available pretty much everywhere in the state, so no worries there. + + +We are trying for kids and I understand the school system (perhaps even private) is pretty bad in Hawaii so we would likely spend a lot to most of the year in Chicago, but we'd love to hop over whenever and bring family as the wife and I want to be close to them and our parents are starting to show their age. + +I plan on posting in some Hawaii subs but to be frank, I wanted perspective from those with larger budgets. + +Thanks! +Got into a bit of a tussle about this but the alleged economist refused to explain, so I’m here because this has genuinely got me thinking. + +Is it genuinely feasible to do this? To just continue running a deficit without worrying about running a surplus at any point (&therefore cuts)? What effects might the level of deficit have on the potential consequences beyond just postponing them? + +I understand the soapboxing rules so please do just answer the above question. However, I’d like to state my prior assumptions to see if I was wrong or not, or if there is nuance missed in specific places etc. My assumptions are that a government cannot reasonably expect to run a never-ending deficit (I.e. never plan to or attempt to run a surplus) without dire consequences. I had assumed that there would eventually be problems around paying back debts, including potential debt interest hikes, inflation & interest rate increases, and potentially recession from any defaulting or currency devaluation. However, the more I think about this the more I wonder if it necessarily true. +I have a bachelors and a masters in accounting. The research I have done was more or less limited to information from annual reports and accounting and business theory. + +I am hoping to broaden my horizon by getting a masters in economics, and eventually I want to join academia. I want to get some level expertise in atleast one of these subjects - + +- International tax +- Public policy +- Microeconomics +- Development studies + +International taxation is the most preferred topic for me. I want to publish some basic and short papers which **combines my accounting knowledge with some basic economics topics** just to get started before my masters. So some suggestions on this matter will be appreciated. If it is of any use I am very much familiar with modern technology with some beginner level skills in data analytics in python and excel. I am currently doing preliminary research on blockchain technology and accounting systems. Though I want to do a short "review" type paper without much of a significant quantitative workload. + +From what I have heard economics can be extremely mathematics intensive which is a major obstacle for a business grad. Some guidelines will be appreciated about how to get a start on this. I have struggled with math, statistics and econometrics in my undergrad and grad program, but I have found the research method courses quite enjoyable. + +It would also be of help if you suggest me some papers that will help me get some ideas. +I'm currently in my final year of economics undergrad (Bsc), and I'm tempted to try my hand at more maths/comp sci masters courses though I have no real background in either and I'm not entirely convinced of my ability. Firstly, would I be able to get into one of these courses with a degree in econ? I'm thinking perhaps a two year masters instead of one to give me a better chance, also are there any resources any of you would recommend to compliment my degree (like other qualifications I could do outside of Uni around maths/comp sci) if I can't do a masters? +Being Australian, I've been kind of amused at the whole Facebook situation. Seriously though, I'm trying to understand the free market economics from a fundamentals standpoint. + +Here's how my basic understanding of how the free market says the conversation should go. + +Australia: "We want you to pay for news on your platform." + +Facebook: "Why?" + +Australia: "Because it is a transfer of value/resources from news outlets to you, for reasons XYZ. Therefore you should pay for it." + +Facebook: "Hmm, well I may or may not agree with reasons XYZ, but you are free to make your own choices on what is valuable to you so I can't argue. Fine then. Our choice is not to make this exchange. We do not require your news and will not pay for it." + +Australia: "Fine... But why is my news still appearing there every day?" + +Facebook: "It's a free platform and we can't stop you putting your so called "value" there in absence of an agreed exchange, any more then you could stop a mad tv salesman putting TVs in your driveway. We didn't ask for the TVs" + +Australia: "Fine." _Talks to their news outlets and tells them to avoid putting news on Facebook if they aren't prepared to do it for free._ + +Period. + +The only other sensible alternatives I see are: + +- Australia stops posting news then Facebook wants the news badly enough that they agree to pay for it. +- Australia requests that Facebook block their news to help stopping it get through (maybe it's hard to make sure everyone doesn't post). Facebook may be kind enough to do so for them. + +But what's happening in the reality seems to me like the equivalent of a TV salesman wanting to put their TVs in my driveway and getting mad at me because I don't want to pay. And then me trashing the TVs even though they are perfectly good TVs just to get back at the salesman. It's madness right? + +Am I oversimplifying here? Am I missing finer details that cause this all to make sense in terms of basic principles of free market economics? +I'm currently playing a game where there is a temporary character which makes you get +50% experience from chopping wood. Because of this there is a ton more wood being available for sale. But the wood is made into an item which makes you get even more experience from chopping the wood, so the supply and demand ascended at the same time, because of people wanting to take advantage of the bonus EXP. + +Once this character leaves in 3-4 days what will happen to the price, now that less people want the wood and less people are cutting the wood. +We are both 31, midlevel (L5/L6) faang, $2M NW, $900k HHI. + +On one extreme, we could relatively easily coast at \~35 hrs / week while hitting good ratings. If we do so, our HHI could trend towards \~$700k in the low case after current grants run out. At 5% real return we'd hit our lower end FatFire goal ($6M) by 43, upper end ($10M) by 50. Mentally, the biggest thing we'd have to get comfortable with is not performing at "our full potential". + +On the other, we could also grind our way towards L8 and a mult-million HHI in the next decade. At 5% real return we'd hit our lower end FatFire goal by 39 in this scenario, upper end by 43. More than time, my main personal concern is the mental toll of the promo game, higher expectations and office politics (it can get nasty up there). With that said, the risk adjusted $ gets ridiculously good. + +There's obviously a spectrum in between. + +The end state is the same, get a fat stash and live a stress free, enjoyable family life. The difference is the journey: do we take the longer, stress free, "scenic route" or keep pressing the pedal to get there faster? + +With 1 toddler and another one in the way, I'm leaning towards the stress free, longer journey. Curious about how you'd think about the tradeoffs in our shoes. All thoughts welcome, but I'm especially curious to hear from folks that have climbed the faang ladder (or decided not to). +Im gonna be in the navy for 6 years. Is it advisable to save up as much money as I can. So once I get out i can start buying houses with a va loan, live in it for a year then refinance it when I want to buy another house? Or should I buy a house in every city I get stationed at? +All in solid B+ areas & well maintained. All with great rental history and quality tenants. Rents averaging maybe 10% below market. + +Other than listing them all for sale individually, what are my options? +Are there any Real Estate Investors who left careers to work full time for themselves focusing on real estate? If so, what is your story and how did you get to the point where you committed fully to just real estate investing? I am a part-time mba student hoping to get into real estate. Thank you. +Are there any Real Estate Investors who left careers to work full time for themselves focusing on real estate? If so, what is your story and how did you get to the point where you committed fully to just real estate investing? I am a part-time mba student hoping to get into real estate. Thank you. +I am on the fence about retiring early, because my husband and I are realistically still in our accumulation phase. We have $1 million saved and invested plus a paid off home. Our goal is $2-$2.5 million. I am extremely fortunate that I have a very supportive husband that is a high earner ($265K/yr), who is willing to let me stop working and help more on the home front while he works the next 5-7 years to get us to our goal. + +The thing is, my husband knows I have a very understanding boss and a good gig (working on average about 25 hours a week for $150K/yr), and has asked me to consider first speaking to my boss about what I’m comfortable handing (maximum 2 projects at a time) and telling him that’s what I’m capable of currently undertaking. I work in consulting and 2 is not an unreasonably low amount of projects to balance. The company norm I have observed is roughly 2-4 at a time. I’ve been here 7 months and have never really been on more than 2 projects at a time. I think my boss will likely entertain this agreement, because I am the top performer on my team, and he’s told me so in the past, so they do not want to lose me. I should additionally clarify that this arrangement is definitely lucrative for the company, and they would still make a few hundred thousand off of my project work annually. + +My husband believes that I have nothing to lose by asking, because if the company agrees, then I have greater certainty around my workload and ability to have consistent work-life balance. If they aren’t amenable, then I quit like I was going to before or find another job with a low workload. + +Of course I would prefer to just quit, and I fortunately have that ability, but I do think my husband is right that I have nothing to lose by trying to set boundaries, and have leverage to ask due to great work performance. Plus, it would be more fair to my husband because we could achieve our goal sooner. + +Does anyone have any similar experiences or thoughts? + +TL;DR: Considering setting formal work boundaries (maximum concurrent projects) with my employer. Does anyone have any similar experiences? +Hello, + +My job has changed so that i frequently travel to London airports from South Wales, my company pays for my flight, but I have to pay for my train as it is classed a “reasonable commute”, I agree with this and am happy doing so. + +My question, what railcards are available for a 32 year old man to try and reduce the cost of these trains, it’s only twice a month (out and back) but it would still be good to try and get some saving. + +I looked into a season ticket, but it would cost more that paying for each train individually. + +Googled railcards and asked at the local station but it’s all drawing a blank. + +Anyone have any ideas? +Hi all. + +Just looking for some general advice and I'm going to keep it very brief: + +\>Santander blocked, froze and closed my account because I can't physically return home to the UK. I'm stuck in Latvia until COVID-19 blows over. + +\>They wanted me to "pop in to branch" to prove I'm me on March 11th, due to a standard fraud check. Most likely because I sold some Bitcoin on [CoinBase.com](https://CoinBase.com) a while ago. I've seen now that Santander close accounts over crypto. + +\>I told them I can't physically get to the UK right now, and now I've recieved a letter back home (my dad has seen it) that they're closing my account and I have 30 days to go to branch to get all of my assets including my Help to Buy ISA. + +All in all, they've closed my current account and HTB ISA and will apparently send a cheque in the mail to my address. This is extremely worrying to be honest as it's 90% of my worth in one cheque that I can't be around to claim. Anyone else been in a similar situation? + +&#x200B; + +Edit: thank you for everyone for your useful comments. Although I don't think I'll be making as big a deal of it (yet) as to complain publically or privately as some comments suggested, I will instead: + +\>Use Nationwide postal cheque service and the help of my family to cash the Santander cheque. + +\>Replace the Santander Help to Buy ISA with a MoneyBox Lifetime ISA ASAP. + +Thanks again. +I founded and lead a niche staffing/professional services company. Founded 5 years ago. Revenue: +2020: $2.1M +2021: $6.8M projected +2022: goal of $13M +(current MRR is ~$900k so this is not wildly ambitious and may go up) + +Went from having zero W2 staff (other than myself) last year to about 15 now and 30+ next year. We have always had dozens of 1099s but now into the hundreds. + +I’m now struggling with issues and having questions that my current network/ peer group/ advisors aren’t that helpful with. Things like how to best structure profit sharing, best systems to implement, what things to think about now to be able to sell for a high multiple in ~5 years. + +I have had a great executive coach since the start, but feel like I’m starting to outgrow her and need someone who has worked with leaders at this scale or with this growth rate. + +I’m in a couple of networking groups of female entrepreneurs but the leaders at my scale are few and far between there. + +I don’t qualify for YPO, have looked at EO and Vistage but not sure if they are the best fit. Considered Chief but don’t live in one of their hub cities. + +So I’m wondering if people have advice on finding a new coach, a networking group or mastermind cohort, M&A advisors (other than brokers and lawyers)? Any other things I should be thinking about and doing now? +The most frequent snarky comment I hear about litecoin is that it has no use case. My reply is always, then why are so many people using it? + +It took just 3 months on bitpay.com/stats to exceed the transactions of every other altcoin on the platform, the top of which had multiple year headstarts to secure their leads. Coinatmradar shows litecoin has more atms than any other altcoin. The number of exchanges, payment processors, trusts, exchange traded projects, brokerages, direct retail relationships, point of sale terminals and many more alone tell the tale. Litecoin has the users. + +The second most popular snarky comment is "well, it gets infrastructure just because it's old". It doesn't take a whole two brain cells to know that doesn't make sense. Namecoin is older than ltc, 10s of thousands of projects are pretty old, all dead or close enough. It's costly to build and maintain infrastructure and keep projects up to date on it, infrastructure providers take dead projects down, they don't keep adding them. Litecoin just keeps growing, thriving in infrastructure while some not dead projects struggle to get and keep basic infrastructure. All for the same reason... users matter. + +My investment thesis inside and out of crypto is that ultimately investors follow users, even when they prefer not to. Quibi was an example of investors thinking they could force users into something no one wanted and many of you can probably think of other dumb VC wall street crap that didn't pan out. Right now, there is a growing contingent of that in crypto, pushed by the likes of mikey novogratz and other hedgies and vc dudebros. + +Feel to play around there if you think you can get out before the exit scammers, but don't forget that in the longer run, what matters is network effect, from users, to infrastructure, and the deeper and broader those network effects, the harder they were to build, the longer they'll last and keep generating new growth. + +For more questions about Litecoin, see this writeup I posted here a few months ago: https://np.reddit.com/r/CryptoCurrency/comments/r23ufg/litecoin_is_deep_clucking_value_an_exhaustive_and/ +Yeah, bit sad innit? Moral of the story: don't use door dash if you have no self control. You don't even realize how much you spend until it's too late. Currently trying to find cheaper meals to eat. My main struggle has been not wanting to eat the same food all the time, however I always become unmotivated by the seemingly large amounts of ingredients required to sustain new food every night or so. Not to mention I don't have the greatest cooking skills either. Any suggestions? +July 9th - July 16th we’re almost the same as May 5th - May 12th , which was the last bullish movement. Edit: link removed due to automod + +[The entire market showing warning signs on Aug 8th - Aug 13th ](https://www.reddit.com/r/Superstonk/comments/omhrho/someone_with_a_wrinkle_fucking_help_v2/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[BIG Etherium update coming Aug - 4th - Aug 8th, GME NFT Divident?](https://forkast.news/ethereum-london-hardfork-update-eip-1559/) + +[GameStop tweet on July 7th for MoonJam, taking place from July 20 to Aug 20 that has several partners, including dts, Logitech, Microsoft (it’s in minecraft) ](https://twitter.com/gamestop/status/1412818747316899841?s=21) + +[And finally July 18, Gamestop Tweet: “This week, the deals are as big as you make them.”](https://twitter.com/gamestop/status/1416850340620734476?s=21) + +[HEAVY FUD attempts this weekend, subreddit breach, Apefest, to stop the momentum](https://www.reddit.com/r/Superstonk/comments/ompkji/this_may_or_may_not_be_the_reason_for_all_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + + +I don’t know about you guys but I’m smelling rocket fuel in the air. All signs point to a breakout, T-20, T30, T69 whatever the fuck, it all adds up, Something BIG is coming, they brought it down to 155 this week and FAILED. THEY HAVE NO AMMO LEFT. + +STRAP IN KIDS, this rocket is about to fucking blast into the fucking stratosphere 🚀🚀🚀🚀 +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. +Corporations should not be allowed to come into our house and gaslight us with bullshit. I don’t care why the decision was made to let them in here. I’m sure someone meant well, but it’s obvious they (Ortex) are not welcome. + +How about we check with the community before letting corporations skip the posting requirements? Thanks in advance for this simple adjustment! +Corporations should not be allowed to come into our house and gaslight us with bullshit. I don’t care why the decision was made to let them in here. I’m sure someone meant well, but it’s obvious they (Ortex) are not welcome. + +How about we check with the community before letting corporations skip the posting requirements? Thanks in advance for this simple adjustment! +It's my first time discovering that service, and I've been using Wealthsimple Trade for some time now. Any thoughts on the cash holding service? 2.4% interest rate is very high, and I haven't seen a savings account with a higher interest rate in Canada. + +If someone is using that service, is it connected to the other services like Wealthsimple Trade? Like can you quickly move your money between the Trade and Cash accounts without having to wait for like 3-4 days? + +EDIT: To add the link to the website. + + [https://www.wealthsimple.com/en-ca/product/cash](https://www.wealthsimple.com/en-ca/product/cash) +I checked the small cap mutual funds from Axis, SBI, Nippon and Kotak. These small cap mutual funds have about 8-15 stocks common among each other. +When I compared each of these with Quant Small Cap Fund, there was an overlap of only 1-2 stocks. One point of difference is that the AUM of Quant Small Cap fund is very less compared to these giants and I have also read that the entire portfolio gets changed more frequently compared to the other mutual funds. + +What is the reason for this? Is there something which Quant is doing differently which is allowing it to perform better in the last couple of years? Curious to know your views. +I recently moved to Australia, so I might've gotten some things wrong. Feel free to correct me, but these are my findings so far. I'm surprised at the lack of regulations around how lenders are tricking people out of their hard earned money in the name of loans. It feels straight out of a 3rd-world-country-loan-sharks-mafia story. The way how these lenders try to trick you (at least me) into these numbers is mind boggling. You could be the most educated person earning a handsome six figure salary but its still very easy to fall prey for these tricks. I just made some notes here. + +&#x200B; + +* Difference between interest rate & comparison rate + +It's at least good that there are these two different things in the first place. But if you don't look closely, in some places the comparison rates can be significantly higher (2x) than the actual interest rates. + +&#x200B; + +* Early exit fees +* Extra repayment fees + +Are you serious? Consumers must have the ability to repay their principal any day they want without thinking of paying any penalties. It should be a crime not to let them pay and it's also the financial institutions' job to teach people ~~about responsible borrowing~~ that they can borrow without any repercussions. + +&#x200B; + +* Application fees/Establishment fees/Origination fees? + +The most ridiculous fees I have ever seen. I pay extra fees just to do your daily job of assessing a loan application? What's with all these pseudo-names? + +>I: "Do you guys charge me the application fees?" + +>Loan guy: "Oh no no, we don't have any such ridiculous fees? I know some people do charge that, but they ought to be stupid to charge such fees." (Keeps quiet) + +>I: So, do you have any other fees? + +>Loan guy: "Yeah, we just charge a small establishment fees & an origination fees. But be rest assured we don't have the Application Fees. Also, your monthly payment is coming to about $648 only. So I guess that's a good sign. Right?" + +&#x200B; + +* Service fees on top of monthly payments/Ongoing fees + +I can't even imagine this. It's funny that its free to do a online bank transfer, but you need to pay someone to "check" your monthly payment? What kind of practices are these? + +&#x200B; + +* Redraw fees + +I do not have much experience with this. All I know is they do charge a very small amount if you wish to redraw on your paid principal. + +&#x200B; + +* Default fees + +Understandable, but some of them have some ridiculous numbers if you don't pay attention. I did get charged (elsewhere) once due to a glitch in the bank transfer network & never knew my default fees was so high until that day. I had to fight tooth and nail to just get that money back because there is not much I can do on a scheduled monthly payment that failed due to some network issue on the bank side. + +&#x200B; + +* Upfront fees + +For what? Seriously? If I pay extra money I know I get business class, but what the hell is this? There's only two ways out of it. Either I get approved or rejected. + +&#x200B; + +How are there no regulations around these fees? I am genuinely interested to know. The government's interests must lie around protecting consumer's from these unfair practices. I struggle to find them here. Feel free to add or correct me, but this is my impression after dealing with at least 4 lenders first hand. + +Edit: The government could mandate a specific form (Call it form 354) that the lenders must use when giving out loan quotations. It can have fixed fields like, Loan amount, interest rate, tenure, monthly payment, any other fees. + +Oh finally, for the love of god, please use credit unions (the 4% example I mentioned above). They are wildly unpopular here. I'm not even sure why. + + +EDIT 2: I removed a part of the text from above and pasted here below, just so the focus of discussion is understood. + +I was looking for a car loan and was surprised by the wide spread of interest rates for the same kind of loan from different lenders. It varied from 4% up to 28% in some cases. When I inquired how do I get one of these low interest rates, the dealer sales guy (offered 11% interest rate) is like, "Hey I paid 28% when I moved to Australia 25 years ago. I'd say this is nothing. You are new here & getting 10% I'd say is a pretty great deal." + +I asked a coworker & he mentioned that he thinks its a good deal too. He really seemed clueless on why he thinks 11% is a good deal. He dug up further only to realize he is currently paying 11% on a 20k car loan for 5 years. That's more than half the car price in interest. Let's not even get into depreciation yet. That's not for today's discussion. And on closer inspections, he has all these early exit, early repayment, etc etc. + +EDIT: I wanted to highlight all the extra fees padded with your loan, not about the interest rates. There are people of all literacy levels on the street. Not everyone is AusFinance smart. +Somehow everything has broken: freezer, dishwasher, microwave, and clothes washer, all in one week. I own the house (barely) but can't afford the repairs. I can do without everything but I miss ice in this heat. Cold water in the fridge just doesn't cut it. + +I don't ask for much. Vacations, expensive items, dining out......those are not in my life. But ice? I just want some freaking ice. I'm so tired of being broke. +[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://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +As the title states... I battled a severe drug problem from the ages of 25-30, during which time I lost absolutely everything. I was finally able to get clean (and stay clean) 18 months ago and now I am trying to figure out if there is any chance that I can fix my current credit issues, or if my only real option is to file for BK. If BK is my best option then I obviously want to do it sooner than later as I know it will be hanging over my head for years to come. + +I currently have a credit score of 565 based on my credit karma app. I realize that this is not necessarily 100% accurate but based on the information detailed in my profile, I think it is definitely close enough for what I am trying to figure out at this stage of this process. + +My profile shows that I have the following closed accounts: Well Fargo $22,542 (3/1/2013) Chase $5,888 (7/8/2013) Amex $2,824 (5/27/2013) Capital One Auto $5,877 (6/30/2014) Student Loan $16,689 (5/5/2016). + +I currently have $1,572 in collections, which I believe is made up of 3 unpaid medical bills and a delinquent Goodyear Tire Credit Account. + +I started a new job here in California about 5.5 months ago where I earn a base salary of $40,000 and have the ability to earn commission each month. Since starting 5.5 months ago I have earned approximately $15k in commission but the payment structure is set to pay out each commission over 12 months, so of the $15k I have earned, I have received a little over $5k and the rest will be paid out over the next several months. I hope to earn about 70k this year but based on the pay out structure its not like 70k will be my annual take home as anything I earn towards the end of the year will be paid out over the following 12 months. + +Lastly, I recently opened a secured credit card in the amount of $300. I realize that this was probably a little premature but I am desperate to start getting my credit score up mostly so I will be able to finance a car in the future as I am currently driving a 20 year old Honda (which has been a god send for the short term). + +I have spent endless hours on this sub trying to figure out my options and I felt that it was finally time to post something in hopes that someone could provide some insight as to what my best plan of action might be. + +I have read about the SOL for credit reporting being 7 years from the time the account became delinquent, but I don't fully understand the ins and outs and I don't want to get sued unexpectedly for unpaid debt. The reality is I have nothing to my name other than a few hundred bucks in my account at any given time, a 20 year old car, a rented apartment for $900/month (which miraculously did not require a credit check) and most importantly 18 months of sobriety. + +So, where do I go from here? Do I have any shot at fixing my past financial wreckage or is my best bet to start the process of BK and take the fresh start even though it will affect my credit for close to the next decade? + +EDIT* I appreciate everyone's answers and encouragement. One other thing that I don't really understand is why so little of my delinquent debt is in collections and what I can expect to happen in the future. Just seems a little odd that a medical bill that is less than a year old and for a couple hundred dollars would immediately be sent to collections, whereas over $20k in Wells Fargo credit card debt is not. + +Edit #2: Again, thanks for all of the answers and encouragement. I also forgot to add that I have a judgement against me for $3,300 from when I got evicted from my apartment in early 2013. Based on my credit karma app the judgment was posted on 5/2013. + + +Hello im a crypto trader, ive made many trades from october to now, from 400$ to 4.2 million, i now want to start trading the forex with 100k + +My method of trading involves using 50:1 margin with all 100k on leverage, (ive tried this on the demo) this how i did in crypto, i was extremely successful with demo accounts + +My question is will i able to duplicate the same results using platforms like OANDA or should I look somewhere since i need my orders to be filled semi instantly and i usually sell at 10k profits usually so 3-10 pips,( is this feasible with my margin on a platform?) + +Ive tried searching online but most people dont seem to follow this strat + +EDIT: i dont really reddit much and just made this account when i was young and a troll so i dont know if im doing this reddit thing right +i receive a ton of usefull information and help and even some job offers, some people actually recognize who i was from the crypto community +, im going to continue my research and probably enter the forex market; the latest in june, so expect an update from me mid/late summer + +Thank you all for the help and information you provided! i hope it helps others who had a hard time finding stuff like this online like me! +Out of curiosity, how many manual traders in here actually spend time backtesting AND forward testing their strategy? + +My trading 100% automated so for me, backtesting, walk forward optimisation and forward testing is bread and butter - ie. I wouldn’t dream of trading live with a strategy that hasn’t gone through strict analysis first. Plus, with algo trading the backtesting can be done a lot more efficiently than with manual backtesting. + +I’d love to know, if you are a manual trader; + +1. Do you backtest your strategies BEFORE trading them, and what is your backtest/data analysis process? + +2. How long are you backtesting a strategy, with how many trades? And how would you decide that a strategy that has worked well previously will continue to do so? +I heard that Forex is hard, then how did they do it? Even if they were demoing, they were still using huge leverage, 1 pip can wipe out their profit in a blink of an eye, yet they were still able to do it. + + +I'm confused +I have been learning to trade for about 18 months but in the past 6 I have made 42% returns but my days work is generally quite short and it feels as if I should be working I only trade 2 pairs btw but I just wanted to see how long you guys work each day on average +Hello everyone. My University is closing all of its dorms on campus at spring break due to COVID 19 fears. My question is, my roommates and I have paid the university for the rooms for the entire semester, but they are kicking us out half way through. Are they legally required to refund us for the months we paid for but can't use now? Thanks in advance. + +Edit: this is an American University in Kansas if that changes anything + +Edit 2: Thank you all for the advice. At the moment I'm planning on sitting tight and waiting for the Uni to send out an offical statement before I do anything drastic, but everything you've all been saying has helped put my mind at ease, so thanks! +So this has been hanging over my head for some time. Autumn last year I was feeling pretty low. I realised that all my friends had been buying houses, starting families etc, whilst I was financing a lifestyle I didn't have through credit (tale as old as time right?). + +I was looking for a way to manage my money, ended up finding Dave Ramsey on youtube. I didn't go in for the evangelical stuff, but his tactics on money-handling were like a lightbulb shop all lighting up at once. + +I had £3150 all tied up on one card, which probably doesn't seem so bad, but to me it was a massive black cloud raining on me. My dad had schooled me in which credit cards to get (0% Purchases/Balance Transfers, then get rid of it for a new one when the offer runs out), but I still managed to rack that money up through silly purchases. + +I finally decided to start going ham on my debt. Nailing £300 a month. When I had a big bill (Car service, car insurance mostly), i'd pay the minimum, pay the bill in cash, then get back on it. Seeing big chunks of the debt going down was super motivating, and I had a little celebration every time I squished another £1000. + +Today, I paid the final £340 off the card, and can happily say I have no credit card debt to pay. I've got a little under £2k left to pay back on my car (My dad bought out his fleet car, low mileage astra and sold it to me), which will be done this time next year. I've asked him to take more per month to pay it off sooner, but he wants me to get an emergency fund together instead, which I think is the smarter option overall. + +I'd like thank this subreddit for keeping me motivated. I've read so many similar stories to mine, and it's really helped keep me focused on clearing it down so I can start making tracks to financial security! You guys are the best! + +Ps. I've just squirrelled away the first £100 into my savings, can't wait to watch it grow! + +EDIT: Horrible reddit cliche, but thank you for the gold whoever that was, you've popped my gilded cherry! +If the USA is the biggest economy in the world, why is it\`s interest rates at a mere .25%? + +If you rank all the countries by their interest rates, you will see that most of European countries & the USA are at a 0%-.25% interest rate. I thought the USA is supposed to be the biggest and most powerful country in the world. It also owns the dollar which is the worlds reserve currency. So I am curious to know why are the interest rates so close to 0%? + +&#x200B; + +In this country it is as if the only way to get a ROI on your cash is to YOLO it all into the stock market or real estate. + +&#x200B; + +I see other large countries like Russia, India, China, and Mexico all have higher interest rates than the USA. That means if I put my money in the bank (in those countries) I will actually get a good return on the currency. However, in the USA its as if your dollars are worth nothing while we have rampant inflation. It has been bothering me for a while that nobody is comparing the USA\`s 0% interest rates policy to other countries. I just can not figure this out. Let me know what you think! +World’s Stock Market Cap to GDP Ratio is [around 140%.](https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS) + +How does this work? As far as I understand, the value of shares are based on what people pay to buy those shares, doesn’t this mean that 140% of world GDP worth of money went to buying shares? Also, what happens to that money when stock markets fall? Does it magically disappear? +Hey redditors, + +I currently have about €60k lying in a savings account and would be interested in hearing your thoughts on what to do with them. +I have a 6 month expenses emergency fund set up at the moment and a third pillar pension account (60 EUR monthly tax free deposit) + +DeGiro is not currently available in Romania unfortunately. + +Buying an apartament/studio in Romania earns around 6% yearly yield without taxes and other expenses. +We can all agree that the conference call was a disappointment. Well, this is how I would have handled the MVIS call if I were the CEO of MVIS. + +Call starts, epic rock music starts playing instead of the gay piano music of the real call. This gets people hyped up and automatically raises the stock price by 20 or 30 cents. + +A really hot lady gets on and says in a sexy voice, thank you MVIS stockholders for attending our conference call, we will begin shortly. Now moaning sex noises are added to the rock music as the announcer starts making out with her hot assistant live on air. + +Rock music fades into guitar solo and finally an explosion. Then the CEO of MVIS (me) takes the mic and says "Good evening investors old and new, we have some VERY SPECIAL news for you today... and a very special guest" - shares gap up, people start buying like crazy. + +I then hand the mic to my special guest. "Yes indeed we do", he says in an oddly familiar voice. + +It takes shareholders mere seconds to realize that this is the voice of none other than Bill Gates the founder and former CEO of Microsoft, during which time stock price has already cleared $2. + +"At this point we would like to announce a merger of MVIS and Microsoft" says Bill Gates, "and we will be purchasing the technology of MVIS to use in our Hololens for... 1 Billion Dollars". + +At this point the shares are trading well north of the $5 mark. "But there's more" Gates continues. "We will be folding the entirety of MSFT common stock into MVIS shares ASAP to reflect this merger" + +immediately in exchanges across the world MSFT stops trading and is replaced with none other than MVIS at an initial stock offering of $300 a share. All across the world those intelligent enough to have invested in MVIS celebrate as newly minted millionaires. + +I take the mic back from Bill. "Thanks Bill" I say. "But there's more. We have just come out with a vaccine for the Coronavirus." Insantly trading of MVIS shares halts because of the insane amount of people buying it crashing the exchange and hitting all the circuit breakers. + +Suddenly a helicopter noise is heard in the background growing louder and louder. "Uhhh, what's happening?" I say and even Bill looks confused. However, as the Helicopter lands, who emerges from inside it but Jeff Bezos, CEO of Amazon... + +He snatches the mic from Bill and says, "I would like to announce that I Jeff Bezos CEO of Amazon have just taken up a 50% stake in MVIS and UAVS." + +UAVS moons. + +Finally we all crack open a Beer live on the call and talk about our favorite penny stocks and have investors call in to ask questions, or even just to shoot the shit with us. A hologram of Warren Buffet appears using MVIS technology to congratulate us on our wise investments. Everyone makes a profit, even people that didn't buy MVIS as the poor all around the world are assigned 1 share of MVIS each (which is worth well over $10,000 at this point) as an economic stimulus, saving the global economy. +More information: + +For the past 6 years I’ve worked seasonal seafood jobs to supplement my income. I love the work, but it doesn’t pay enough to live off of so I live with my mom during my time off (about 3 months). I usually pick up a serving job or something. + +She’s not expected to live much longer. She owns a crappy car and a house that is valued around $200,000. If sold, the money would be split with my uncle who is our only other living relative. No life insurance policy and under $1000 in her bank account. Also has 5 cats that I don’t think I’ll be able to take care of. + +I currently don’t pay rent. I pay for utilities and such, but have never had to budget for the real world. I don’t own a car. I don’t have insurance. I have maybe $700 to my name at the moment. + +Sorry if this post is all over or in the wrong place. I’m not sure what to do with the kind of money I would receive from selling the house and I don’t know what to budget for when people die? Loose ends, etc. I think I’m just super overwhelmed right now. + +***Edit/Update: + +Thank you all so much for genuinely good information and being so kind. I’m for sure going to look into trade schools. To answer some questions: I have my GED, and no debt at all (which is nice.) My mother has aggressive stomach cancer and she lives in Florida. Home is entirely under her name legally and she wants to do the right thing by giving my uncle what he was entitled to when my grandparents passed. + +As to how I have no savings: I’ve been doing work travel programs for years and it’s never allowed me to save money or have my own shit. I’m actually currently in Alaska working at a fish processing plant. Health issues have kept me out of the military and also from hopping on a fishing boat unfortunately. + +Also am a v single lady with no significant other or siblings and few friends who also lead the same work/travel/repeat lifestyle. I’ve done mostly factory and fish work for a while, but I’ve worked all over the US at summer camps, farms, hostels and national parks. Some jobs pay well, but most pay trash and offer room and board instead. + +I want to be honest with you guys, I have no goals or dreams besides live and be not miserable? I fucked off for so long and kind of just stopped thinking about the long term because it hurt my small peanut brain. It’s always just been my mom and I doing our own shit and then hanging out for a couple months before I leave again and it’s been so awesome, but it’s definitely catching up to me now. +We froze the economy in the middle of a bull market. We forced a global wide retraction of the economy. We don't know how travel or tourism will ever recover or if it ever will. + +The US government itself infused billions of dollars into the economy. + +I work in the wholesale construction and maintenance industry. We have a pretty good outlook from where we sit on how the economy is operating. + +First of all all predictions are forecasting growth. + +Second the supply issues are keeping the economy in check. People won't spend on commodities when they are priced so high. Wood, concrete, PVC, Copper are insane right now. This is making investors act cautiously and conservatively. + +Three that means we're seeing less projects and less risk. The money people had pre pandemic and the money they gained during the pandemic is sitting there. + +When businesses are over stretched and can't pay bills thats usually the start of a cascade of failures. + +Business A fails, suppliers don't get paid, bank doesn't get paid. Bank forecloses business. Suppliers lose business from loss of Business A. Their suppliers shrink or they fail and this hits manufacturers. The manufacturers shrink or fail and this affect producers of raw goods. + +Right now supply chain can't service Business A. Manufacturer can't supply supplier and raw material are being backed up. This is increasing demand and driving prices up. People don't spend money cause prices are too high, Money just sits there. So failures happen but at slower rates dues to the amount of savings. + +So we are currently here: +Manufacturers increasing capacity to solve the log jam and drive prices back down. Suppliers meet back orders. Business A completes projects. Manufacturers expansion has thrown an influx of cash into the economy. A number of ancillary businesses servicing the manufacturer grow. + +Those businesses are hiring +The manufacturer is hiring + +And as business A gets its log jam solved, they too hire because they have money to invest. More jobs then people. + +On the other hand though a lot of people bave been living on government substance. A lot of people haven't paid rent. Those rental businessaes have yet to show significant failire. And it might be because of the billions of dollars infused into the economy. + +So on one side is massive expansion with tons of available job + +And on the other a powder keg of foreclosures and people on the streets without jobs. (just because many jobs are available doesn't mean it's here or they're qualifed) +I’ve been visiting my elderly parents at their farm more frequently as they need more and more help with things and my siblings are much farther away. Im happy to help them as they have always supported my endeavours and I enjoy the time with them as I’m starting to realize it will end someday. + +That said, the 2.5 hour drive each way (more with traffic) is starting to wear on me and since I live 5 minutes from a helicopter terminal and they have a large field in front of their house…. + +Any tips from people who commute or frequently charter helicopters? + +What is the cost and is it per minute or per km? +Can I give them a point on a map or do they only fly to designated landing zones? It’s a rural property with no neighbours for 3km and the neared airport is 35km away. + + +Thanks for any tips! + + +I made an extensive Bingus marketing campaing, now I just deleting all my posts + +It turns out that this is a huge PONZI SCHEME and the whales (who holds more than 60% of the market cap) are desperate to keep newbies coming to this just to dump over their heads after. + +They were doing a massive marketing campaign, new site and stuff, because they need more and more people every day. They were even paying ads and tiktokers to promote Bingus. + +I do want to take part of any of this, so I'm warning you, this is very important, they buy the dip with different wallets just to prevent people from panic selling. + +I'm sorry I promoted this to you, I only aware of this after being a mod. + +Look at this telegram messages, the guy even deleted the conversation after: [https://imgur.com/a/MM8C2gY](https://imgur.com/a/MM8C2gY) + +The first Bingus was rugpulled, and then they made this new one to scam more people. Please be careful, I hope I'm not to late to tell you this, I don't want people losing their money at this shit. + +They have a ridiculous liquidity, if you bought Bingus consider taking your money while you still can!! + +I really need the upvotes to alert more people, thank you and have a nice day!! +Not only do you have to report Crypto transactions to the IRS for tax purposes, the IRS requires you to pay taxes on mined and purchased Crypto if you make any profit. It's outrageous how the IRS totally ignores billionaires avoiding trillions of dollars in taxes while asking Crypto holders to pay taxes. + +The government literally paid billionaires by the trillions after they printed money out of thin air to dump straight into the stock market. Normal people were already scammed when the dollar supply was increased by **50%** and they were told to go fuck themselves after the government didn't even bother raising the minimum wage as promised. + +Billionaires literally avoid trillions of dollars in taxes by moving their assets to tax havens or just by using shady practices. You have teachers paying more taxes than billionaires while not being able to afford a single bedroom apartment in the city they teach in. + +But of course, tax Crypto while giving billionaires trillions of dollars for free right? How dare the poor peasants invest in Crypto to become rich! + Unlike the current popular post bashing Ethereum, this post will actually be based on fact and reality. + +The main thesis of this post being that Ethereum is amazing and will change the world (If I can't be idealistic on Reddit where can I be?) + +# Ethereum Is Highly Decentralized + +The initial token distributions for many popular chains can be found [here](https://medium.com/open-source-x/what-does-increased-insider-ownership-in-public-blockchains-mean-97f8e9e50368) + +What you'll see when you click the link is that, unlike the other post claims, Ethereum's token distribution is not only not centralized, it is among the most fair distributions in the history of crypto. + +Shoutout to Cardano, Cosmos, and Tezos here as well. + +Getting past token distribution there is the number of nodes that run the Ethereum blockchain. + +Currently there are about 2700 nodes helping to secure the Ethereum blockchain as well as about 200,000 validators ready to secure it when PoS goes live in 2022. Many of these validators will be run by exchanges or other companies, of course. The point is that anyone with 32 Eth can run a validator because the hardware requirements are low enough. + +Compare this to 120 for Algorand, 450 for Tezos(there are other nodes, but the bottleneck seems to be the nodes that write blocks), 1100 for Solana(even though other factors make Solana extremely centralized), and 21 for Binanace. + +Another valid critique to Ethereum's Decentralization could be its client diversity. Currently about 50% of nodes are running the same client. This could cause issues when it comes to bugs found in that client, but it is fairly trivial to switch clients should something go wrong. + +With all these factors(and more) taken into account, it is not up for debate that Ethereum is in the top tier of chains when it comes to Decentralization. + +"*Okay but the person said Proof Of Stake will centralize it!"* + +Unsurprisingly they are incorrect yet again. While it's valid to speculate that Proof of Stake could lead to token concentration (ie Coinbase running a ton of validators and offering staking services to users), it is incorrect to assume there are zero solutions in place to solve this. + +Literally this week [Rocketpool](https://www.ethernodes.org/) launched. Rocketpool is a Decentralized Eth staking platform that allows people with 16 Eth to run validator nodes with the help of others that want to stake less than 16 Eth. + +There's a reason very few new projects are launching as Proof of Work chains. + +&#x200B; + +# Ethereum Governance - Who's Really In Control? + +The original post implied that Ethereum was captured by a central authority that hands decisions and orders down as easily as they fart in the wind. + +Obviously this isn't true. Yes, the Ethereum Foundation exists and operates in pursuit of furthing the Ethereum ecosystem. No, it does not "head" the chain nor does it make any decisions. + +[Ethereum's governance happens off-chain in the social layer.](https://ethereum.org/en/governance/) + +The community(devs, thought-leaders, regular users, validators, node-runners) is what makes the decisions. The valid criticism here is that Devs have too heavy a role in what changes are accepted, because they know the most about how Ethereum works under the hood. To date this has not been an issue. + +&#x200B; + +# Ethereum's Design - EIP 1559 is good + +EIP-1559 does indeed make fees more stable. It was ***never meant to change how high fees were***. + +The increase in fees is due to the market heating up and NFTs taking off again right as it was implemented. It really is that simple. Amazing right? + +*"Okay, whatever, the guy was wrong. What about the damn gas fees? Surely that means Ethereum is broken."* + +Ethereum's gas fees are extremely high right now. They will remain high forever, on Layer 1. + +Ethereum(and Tezos) have chosen to scale via ***Layer 2.*** + +This means that very soon the average Ethereum user will never have to interact with layer 1 and will never have to pay extremely high gas fees. These projects are already live and dApps are being ported to them as we speak. I think they even hit a new ATH in total value locked this week! + +These layer 2s are much more scalable than any layer 1 solution out there (like Solana, BSC) and I believe they will eventually consume the other layer-1-only chains. + +&#x200B; + +To address the DAO hack: + +In June 2016, someone found a bug in a smart contract that allowed them to drain millions of dollars worth of Ethereum. The Eth community at the time got together and made the difficult decision to roll the chain back and rescue those stolen funds. The community was split on this decision and it resulted in a hard fork, thus the creation of Ethereum Classic. + +There is nobody serious in the Ethereum community that does not recognize the gravity of what took place there. Ethereum has since not had an incident anywhere close to that, and given how battle-tested it now is and how diverse the community is, I'm comfortable saying nothing like that can ever happen again. Building smart contract platforms is hard and they get more and more secure as time goes on, not less. + +&#x200B; + +TLDR: + +Original poster is severely underinformed due to too much exposure to maximalism. Ethereum is highly decentralized, highly secure, and highly scalable. +Hi ASX\_bets community -- an update on trading issues you may experience earlier today. + +From market open to 11 am, there were issues on the trading platform causing the following problems: + +* Stock lookup was slow along with market depth loading +* Order status' were not updating, creating an issue where an order couldn't be edited or cancelled + +Orders were being received and submitted in a timely manner but the delay related to receiving responses back from Iress on the status of orders. For some orders, they may have already been filled yet the status had not been updated to 'filled' in the platform. + +Ultimately, the problems were caused by the sheer volume of orders going into the market. + +The first issue was caused by server capacity, which was promptly increased. This solved the issue. The second issue was a lot more complex and was caused by a few reasons, primarily due to our supplier's slow processing time and lack of information on the status of orders. + +We have optimised some SelfWealth system processes in order to work through orders in a more efficient manner, reducing the chance of this happening again. We are still waiting for more information from Iress to understand the problem at their end, so we can prevent it from happening. + +Apologies for those that were affected. + +Edit: wasn't signed into the work account on my phone. Wtf is this thread guys. + +Edit 2: this thread is going to get me in trouble, can we have more corporate-friendly questions, please? +After seeing TSLA land on Mars today when it crossed the $800 mark, I got a little worried. I had a weird feeling in my gut. I knew the next stop would be Jupiter, I just... couldn’t help but feel like ”we had arrived”. + +So after thinking about it long and hard, going back and forth, I decided to cash out and get off this reusable masterpiece of a rocketship. It had taken me and my SO safely from Earth to Mars and it was time to get off. + +The money we made from TSLA helped us make a down payment on our first apartment, so it went to good use. + +Selling TSLA felt bitter sweet as I love this company, I have a man crush on Papa Musk and I was planning initially to hold my dear TSLA shares “forever”. However, I’m forever grateful to this company as it made buying an apartment possible for me. Believing in it paid off. + +Thank you Elon. Thank you TSLA. ❤️ + +Edit: Thank you guys for all the comments! It is crazy how emotionally attached you can get to a stock. I’ve just spent countless hours studying this company and Elon. I believed in it when so many said I was crazy (or thought it). Elon is a true visionary and I truly believe TSLA is going to continue on its path to greatness. + +Also, I wasn’t trying to time the top at all. It’s near impossible to do anyway. I just saw an opportunity, went with my gut feeling and seized it. + +Edit 2: I was made aware by e fellow investor that in the US it’s called a condo and not an apartment. I understand if that was confusing! I’m from Europe and here apartments are both for sale and for rent. +&#x200B; + +[GME Earnings Deep Dive - The Astronaut's Name is Mo](https://preview.redd.it/avx2jgd3b5291.png?width=2880&format=png&auto=webp&s=9187da8ba4eac0faf890de45d30b3b993693d2bf) + +I’ll start by saying this is the first DD I’ve ever written, cannot read TA for the life of me and am also probably most definitely a little retarded - BUT I have been deeply invested (69 shares + periodic bunches of options) since December of 2020. I’ve followed the story from (just about) the start and have experienced every up and down the stonk has offered. + +\*All in all, I’m going to stray away from fancy charts and crayons and produce the facts, the fiction and everything in between. I miss thoughtful discussion and DD on this sub (and others) and would like to provide the info I know best on something I’ve followed for what’s going on 18 months… + +[What a sexy chart.](https://preview.redd.it/kyfq3f64a5291.jpg?width=2778&format=pjpg&auto=webp&s=60e2ee1c2af578eafef2a511e6978d93bc6a8f77) + +# Q4 Earnings Recap + +In Quarter 4 of 2021, GameStop had expanded its offerings in many ways while also beginning to build the GameStop NFT Marketplace + Wallet. They made countless major PC partnerships, expanded their online store to feature countless items they’ve never sold before (TVs, Toasters, PC Parts/Accessories, Toys/Collectibles). They redesigned many of their “featured” GameStop stores – this list could be a 10 pages long before I talked about everything that was happening by this point last year. + +* **Generated net sales of $2.254 billion for the quarter, compared to $2.122 billion in the fourth quarter of 2020 and $2.194 billion in the fourth quarter of 2019.** +* Established new and expanded brand relationships, including with PC gaming companies such as **Alienware**, **Corsair** and **Lenovo**, that contributed to sales growth in the quarter. +* **Grew PowerUp Rewards Pro members by 32% on a year-over-year basis**, taking total membership to approximately 5.8 million. +* **Entered into a partnership with Immutable X that is intended to support the development of GameStop’s NFT marketplace and provide the Company with up to $150 million in IMX tokens upon achievement of certain milestones.** +* **Launched a redesigned app, which includes an enhanced user interface, improved scalability for a larger product catalog and more functionality to support exclusive offers and promotions.** +* **Hired dozens of additional individuals with experience in areas such as blockchain gaming, ecommerce and technology, product refurbishment and operations.** + +# FULL YEAR OVERVIEW + +* **Generated net sales of $6.011 billion for the fiscal year, compared to $5.090 billion for fiscal year 2020. (THAT’S AN EXTRA BILLION!)** +* Expanded the product catalog to include a broader set of consumer electronics, PC gaming equipment and refurbished hardware. +* Made significant and long-term investments in the Company’s fulfillment network, systems and teams. +* **Established new offices in Seattle, Washington and Boston, Massachusetts, which are technology hubs with established talent markets. (BY NOW THEY ALSO HAVE FULFILLMENT CENTERS)** +* **Raised more than $1.67 billion in capital and eliminated all of the Company’s long-term debt, other than a $44.6 million low-interest, unsecured term loan associated with the French government’s response to COVID-19. (1.67 BILLY ON HAND!!!)** +* **Ended the fiscal year with $1.271 billion in cash and cash equivalents and $915 million in inventory, compared to $635 million in cash and $602.5 million in inventory at the end of fiscal year 2020. Increased investments in inventory reflect the Company’s focus on meeting heightened demand and mitigating supply chain headwinds.** + +# The Facts + +* **This is the most important one -** GameStop has redeveloped their brand to be infinitely more than just a brick-and-mortar company rotting away in shopping centers – so, what is it? GameStop has gotten rid of every losing store, they’ve added same day delivery and fulfillment centers to hold large amounts of inventory and speed up shipping times, while also having an up-to-date user friendly app experience where you can order the products you love and receive them the same day for better prices than Amazon or any other distributor.  +* GameStop is becoming their own version of a bank by offering the GameStop wallet and venturing into the Crypto space. They will go live with GameStop NFT Marketplace before the end of Q2 that you will soon hear is partnered with some of the biggest brands you know and love. **More on the crypto wallet down below the rumors**, it will be pennies on the dollar to buy and trade NFTs and crypto, currently it costs about $80 to purchase 1 ETH on Coinbase, how much is it on GameStop’s wallet? $40.  +* GameStop has over $1.5 Billion in cash on hand and has been sitting on it for almost a full year. They’ve cleaned up and rehashed all of their debt for the better long term. +* GameStop has a $10.47 Billion valuation, while OpenSea is estimated to be over $13.30 Billion; what will happen once the GameStop Marketplace is launched and we hear there are more than expected users already using the GameStop Wallet? +* New Hires – I can’t fit them all or this would be a whole lot longer, 429 of them to be exact. Many of them are top executives from companies like Chewy, Amazon, Apple, Microsoft, Zulily, Zappos and many more. See GMEdd.com - [https://www.gmedd.com/report-model/](https://www.gmedd.com/report-model/) +* Over the past 18 months they’ve increased their cash on hand, online sales, yearly revenue, while also completely redeveloping their business. +* GameStop is holding its annual shareholders meeting June 2nd to vote for/against a share split by dividend. +* GameStop has officially transformed from a retail brick-and-mortar to a technology company while offering better prices and faster shipping than most if not all competitors. +* Partnered with various big named brands such as Microsoft and Sony. GameStop gets paid a % for online downloads, Xbox Game Pass and the like. +* Major Blockchain Partners publicly known - Looping + Immutable X +* They also invested in themselves and stocked up on inventory during a low inflation and low borrow fee environment. Now we’re in high inflation/higher borrow fee. They saved a lot of money by getting the spending out of the way beforehand. Short term pain for long term gain like any other company transformation or even any individual starting a small business. Those negative EPS really aren’t so negative, and financials will only improve drastically from here out. - u/PurpleSausage77 (These were too important to leave out) +* Multiple Revenue Streams - potentially several different streams in which they get paid which in part is going to make investors a lot of money while adding a lot of value and delight to the industry. - u/PurpleSausage77 (These were too important to leave out) + +# The Rumors + +**(There is loose proof for and against some of these things)** + +* Shorts never covered and the price is wrong. +* Hedge Funds & Institutions still have a major advantage over retail investors and heavily control the so-called "Meme" Basket, aka the retail ETF and stocks. +* Somewhere between 30-40% of the publicly available free-float is locked up through DRS/ComputerShare +* Ken Griffin is running out of Mayo +* DFV to be working behind the scenes in some type of way? +* GameStop to purchase LoopRing and become their own bank? Loopring has been much too silent compared to Immutable X since the announcement of partnerships. +* Hasn’t really been mentioned by anybody, but RC has joked about the metaverse. GME to take on the metaverse once the marketplace opens? +* GMErica - an entertainment company; what is it? Nobody knows! + +# The Newly Released GameStop Wallet + +**(This is just too cool not to talk about!)(Most of this taken from GMEdd.com)** + +[You're Totally Sleeping If Your Wallet Isn't Live Yet](https://preview.redd.it/1yx7jfu7a5291.png?width=1536&format=png&auto=webp&s=ac3843c860e7719f4da51e87eb625d366a512041) + +GameStop has announced the company’s much-anticipated release of the GameStop Wallet, a digital asset wallet that allows gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens across decentralized apps without having to leave their web browsers. + +GameStop has announced the company’s much-anticipated release of the GameStop Wallet, a digital asset wallet that allows gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens across decentralized apps without having to leave their web browsers. + +The GameStop Wallet is a self-custodial Ethereum wallet. The wallet extension, which can be downloaded from the [**Chrome Web Store**](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fchrome.google.com%2Fwebstore%2Fdetail%2Fgamestop-wallet%2Fpkkjjapmlcncipeecdmlhaipahfdphkd&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=Chrome+Web+Store&index=1&md5=6520ad5a23cbc5c18d6f9ec6fdf52980), will also enable transactions on GameStop’s NFT marketplace, which is expected to launch in the second quarter of GameStop’s fiscal year.The GameStop Wallet Beta allows users to trade and transfer digital assets on both Loopring Layer 2 (L2) and Ethereum Layer 1 (L1) under the same wallet address. L2 offers users transaction fees as low as 0.1% of Ethereum L1’s exorbitant gas fees. + +The GameStop Wallet isn’t just an ordinary crypto wallet.Harnessing the power of Loopring’s zkRollup – an Ethereum Layer 2 scaling protocol – GameStop gives users low cost and fast transactions, with Ethereum security, opportunity, and global reach. This allows users to reduce gas fees and network congestion, while always remaining in control of their funds. + +&#x200B; + +https://preview.redd.it/na11kid9a5291.png?width=4000&format=png&auto=webp&s=9e74b45cc67a75c40040df9b9e62e881eb23954e + +GameStop states that the Wallet is “great for n00bs and power-users alike,” and that GameStop Wallet can be your homebase and portal into the world of Ethereum. + +The wallet is also connectable to the wide ecosystem of Ethereum dApps, “including GameStop NFT – a marketplace to buy digital goods!” + +Available now at [**wallet.gamestop.com**](http://wallet.gamestop.com/), users are prompted to create a new wallet or recover an existing wallet with their 12 word seed phrase. + +# What Do I Expect? + +With GameStop still being the top dog to get next-gen consoles from while also constantly expanding their e-commerce offerings, I expect them to narrowly beat earnings this quarter but will (hopefully) announce dates for a split-by-dividend, the Marketplace and future plans & partnerships. + +**TLDR: With GameStops release of their wallet and soon-to-be marketplace they have officially become a technology company rather than a brick-and-mortar. Over the past two years GameStop has made over 429 hires, many of them being executives from companies such as Amazon, Chewy, Apple, Zappos, Zulily, Microsoft and many more. While also redeveloping business, cleaning up their financial statements and planning toward the future, GameStop has completely transformed to have ALL of the weapons in its arsenal to be the top dog in the $150 Billion gaming industry. I’m sure there’s quite a few things I missed throughout typing this but wanted to hear you guys’ arguments!** +Credit to u/criand for pointing this out in a comment. + +&#x200B; + +edit: here is the damn eggheads that have come to the opposite conclusion (just playing I love the quant guys their work is fucking incredible): [https://www.reddit.com/r/DDintoGME/comments/nype4f/is\_gmes\_price\_related\_to\_the\_reverse\_repo\_rate\_in/](https://www.reddit.com/r/DDintoGME/comments/nype4f/is_gmes_price_related_to_the_reverse_repo_rate_in/) + +Honestly, I would trust their math over my eyeballs, but go head and read anyway so you can make your own conclusions. Criand and several others have commented with some really good insight. + +I just wanted to bring this to the community so some more wrinkly brains could make some assumptions about what may be happening. If you look at the reverse repo rates, they line up pretty well with GME movements. Let's take a looksie here... + +Here is some GME green lines to refresh everyone's memory: + +&#x200B; + +[January price action](https://preview.redd.it/9vszopnl8z471.png?width=427&format=png&auto=webp&s=3bc5900aa156a301ae0a29b3cbd1bbcf46f8491c) + +&#x200B; + +[February cute little spike there](https://preview.redd.it/ksdxq8fz8z471.png?width=705&format=png&auto=webp&s=724d90063ae75c13d27301cc13081ca274e69503) + +And here is the corresponding Reverse Repo graph: + +&#x200B; + +[Reverse Repo for Jan and Feb](https://preview.redd.it/qyeyuplr8z471.png?width=1167&format=png&auto=webp&s=c0286977bcb7086884c091f88eb4edcac830b3e8) + +Well look at that! It appears there is a build up in repo starting on the 28th, which spikes up on the 29th, same day as the second GME peak and following drop (likely some type of short attack with synthetics or something). Then again on the 24th and 25th of Feb, we see a large increase in price in GME and a much larger increases in repos on the 26th and 27th. Hmm... + +&#x200B; + +[Here's that really gorgeous peak in March 10th. Got me some shares on the way up to that one. Absolute beauts. They look fantastic in my collection of positions.](https://preview.redd.it/4rkmdbcm9z471.png?width=565&format=png&auto=webp&s=8a7741d46ece6dc6dcca89c986b80f487fd2db9c) + +&#x200B; + +&#x200B; + +[Here's the rest of the graph there, it important for the next picture...](https://preview.redd.it/a6gbf37taz471.png?width=453&format=png&auto=webp&s=bc55b1cad5cc82a08f66291cdb80aedcbaf84b13) + +&#x200B; + +&#x200B; + +[Here's the repos for a similar period](https://preview.redd.it/6a0scca5bz471.png?width=1154&format=png&auto=webp&s=98b19d10b2c0ca570db29e969db827f9836ae747) + +So here we have another nice little 11 billion spike around march 10. But what I really love about this graph, is that GME didn't really tank again. It stayed fairly strong. And what do you know? The repo rates are no longer flatlining ever. They just start going up and up. + +&#x200B; + +&#x200B; + +[And here we are from mid May till now. Note the Y-axis values.](https://preview.redd.it/063xhomobz471.png?width=1145&format=png&auto=webp&s=c7d1500b555d9788d5a7173d7a53893f730131ae) + +So the rise in repo rates seems correlated (maybe not causally, but that's why I'm posting) to GME. The first spikes in GME price is where we start seeing small(ish) 11 billion spikes in repos. But then GME doesn't go down. Apes are hodling the fuck out of the stock. At this same time, repo rates start climbing. There's no more flat lines near 0 like we see during the period in February when GME was stagnant in the 40s and 50s. + +What does this all mean? I'm not sure. I know that for the banks, cash on hand is a liability. They don't own it and they pay interest on it. So they prob can't use that to balance their books. So they get the bonds instead, then use that as collateral to balance their books so they don't look like they hundreds of billions in the shit, then give it back for their cash? + +Someone please fill me in on what exactly is happening here. +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! +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 +I am not interested in learning online or books. + +I have heard of many personal coaching where they teach how to evaluate stocks. + +However I want to just have good understanding of + +1) Mutual funds fundamentals + +2) Different types and what purpose they serve + +3) Evaluate a mutual funds based on various parameters (not just past performance) + +4) How to achieve various goals by investing proportionately in different mutual funds. + +Of course, investment advisors do this job for you. But after having a bad experience with a (freefincal suggested) fee only investment advisor, I do not want to go that path again. I believe personal coaching can help me pick up the basics and DIY investment for years to come. +My student loans have went into default. I’m behind on all 5 of my credit cards. Score is completely ruined( in the 400s). Ghosted after multiple job interviews. Working a crappy part time job that just barely helps me cover my bills. I am late every single month on my rent sometimes not paying it until the end of the month. My car needs an oil change that I can’t even afford right now. I’m starving and don’t have any food here to eat. Being poor isn’t fun at all. I’m literally a paycheck away from losing literally everything. +27 male. I’m a software engineer in a LCOL major city. The following is for reference but not the point of this post. + + Net worth: ~$250,000 + + Salary: $93k + Bonus: $2.5-5k + Company match: $7.5k + Side hustles: $15k-30k + + Cash: $35k + 401k (mostly Roth): $66k + Roth IRA: $59k + Brokerage: $53k + Crypto: $31k + HSA: $10.5k + + Debt: $0 + + Monthly expenses (bills/necessities): $1k-1.5k + Monthly expenses (fun): $1.5k-2k + +I can look at my position and understand I am extremely fortunate to be where I am and I know I am doing fairly well. I can say that but I don’t think I truly believe and or can convince my brain of this. My salary is high for my age but I don’t think it is high for my field. I regularly see those around me and peers online routinely making 3-5x what I do. + +I really do not enjoy working for others. My goal is to have enough money to retire into my own personal endeavors. My favorite hobby is making money, my least favorite thing is working for others. My FIRE number is $2.5m and it feels light years away. I just recently hit 1/10th my goal which should feel rewarding but instead put into perspective how far I really have to go. + +An old friend of mine recently sold his company for $50,000,000 as it was acquired by a very large company that recently IPO’d. It hurts to see someone a few years younger than me doing only what he wants every day lavishly for the rest of his life. This isn’t even my biggest life steal currently but just an example. I am bothered just as much by seeing others in my field making multiple times more than me. I think to myself damn I have to work for the next 5 years to make what they will be earning this year. + +Fellow FI friends, how do you personally deal with this? +The 4% rule seems to assume that after thirty years your net worth will be depleted. Many people in the FIRE community seem to have a "live the life you want and save for it" mentality, which seems to be a more refined version of YOLO. But basically many seem to agree that you should live your life and die with nothing in order to maximise what the money can do for you while you are alive. However, there seems to be a problem with this idea which is that people tend to live for longer than expected and age care is not cheap. + +I've looked at the lives of many old people and a lot of them seem to end up in overcrowded nursing homes. They have little privacy and the the ratio of nurses to patients is low meaning there is little care. These people generally have run out of money. + +However, I have seen a multimillionaire old man who lives in a self-contained unit in a retirement village. The self-contained unit has a button that he can press that sends a nurse to him on demand. This man has never married and never had kids and basically lived a frugal but comfortable life all his life. He plans to die a multimillionaire and give everything to charity upon death. He said that he is happy to die a millionaire because the wealth gives him security. + + +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! +Hi all, + +Apologies if this isn't all finance related. I've been offered a job in my industry that would be 90% home based. It's doing what I'm currently doing for £2k more salary and better pension contributions. + +I've heard you can get tax breaks from wfh, is this true? + +The job does have some travel which is great, as I live by myself there's a small concern of not getting much face to face time and social interaction. I'm quite introvert and to be honest hated the open plan office environment in the past few years due to noise and politics. Is there anyone in my situation who could offer some advice with working from home on a personal level in addition to financial? + +Thanks! +I wanted to share because I can’t really talk about this with my co-workers, and I feel like there are few stories from people on here who aren’t tech/business employees. My story is a bit different. + +I work doing manual labor on a boat, I am part of the deck crew meaning I help with cleaning, safety and navigation. This is a job that does not require a degree and pays really well ($3800/mo + bonuses) considering I have zero life expenses. January was an especially good month for me as I cleared well over $20,000. I have the option to save 100% of my pay if I want to since rent, food, internet, etc… is all part of my employment- all while I travel to some of the most pristine places on earth. + +Basically, I opened a Roth IRA when I was 16, and started investing heavily 5 years ago. I do the standard VOO, VTI, BND investments in my brokerage fund, nothing exotic or exciting there. I have no credit card debt, student loans, mortgage or car payments- just pure cash and stocks/ETFs. In fact I don't own anything more than what I can fit in 2 duffle bags. I used to work in high finance right after university but 3 years ago I quit the corporate grind to do my current work after I started feeling like I was on a treadmill. It is staggering how quickly you can make progress when you no longer have any required life expenses. + +Long term, I think I should be able to hit my goal of $900,000 by my 35th birthday, as my salary is set to grow quickly, at which point I’ll become “work optional”. I like what I do though and there is always the potential to take temp work to move vessels around the world if the destination/pay interests me. + +I just wanted to point out that there are potentially many other career avenues out there if you are willing to learn a trade versus the standard advice to learn programming. Glad I could share, and maybe this will inspire someone out the to think about jobs a little more outside the box! +Today I went to my local RBC (Royal Bank of Canada) branch to open a new account chequing account and mentioned during that process that I would probably use it to fund crypto purchases. Big mistake there (or so I thought). + +Essentially the worker there told me that it's their policy that they don't allow cryptocurrency activity and that I wouldn't be allowed to open an account with them unless I guaranteed that I wouldn't be doing that. + +I asked to speak to the branch manager, not expecting to change their mind on the decision but more for an explanation. and she told me it's a huge fraud risk and money laundering issue for them and for that reason they have been taking action against accounts that have activity from exchanges. + +Hearing this I went on a mini rant about how exchanges have started following KYC and AML regulations, crypto is a technical marvel, blah blah blah, pretty much no different than the shilling that goes on here. + +Apparently she was so impressed that she asked for my contact details and now she wants me do to a 15 minute talk + Q&A session with her and her colleagues discussing cryptocurrency. I actually said yes cause I saw an opportunity for a job down the line lol but here lies my problem. + +Clearly I know more than her about it but I definitely don't know enough about crypto to do a detailed talk and feel confident answering questions. I'm only a year 2 finance student IDK jack shit about anything in this industry. + +Please help me prepare talking points or show me resources I can use to get a more in depth knowledge on this so I don't look like a jackass talking about moons and lambos lmfao + +tl;dr - Convinced bank I know about crypto (I don't), now they want me to educate them on it pls help + + + + +We have been debating this back and forth for a few weeks, thought you guys might be able to give us some perspective. Hope it's allowed on here - it's house related, but more about how we focus/prioritise our investments. Thank you in advance for reading and advice. + +We are a couple with a toddler, thinking of having another baby in next year or so. We live in a commuter town near London, UK, with good schools and lots of amenities that mean this is a pretty strong and seemingly resilient corner of the housing market. Husband has good job that seems secure and makes a little over £100k, while I am SAHM (with plans for small side business, but I'll remain a SAHM for a few more years). Our only debt is the remains of my student loan and our mortgage. We have a modest investment portfolio. + +Bought our current home eight years ago for about £300k. It's now worth around £400k and we owe £200k on the mortgage. If we stay here, we need to replace the kitchen and get other work done. It's a three bed house, but one of the bedrooms is quite small and we use it as an office, so we're effectively a two bed house - one for us, and one that's a nursery. It means we're not able to host friends and family, which is a blessing and a curse. There isn't much outside space and the garden is not safe for the toddler, and the house in general isn't very child friendly. There's also a limit to how much we want to spend improving the house, because it feels like there will be diminishing returns. + +The housing market around here has been getting steadily more expensive, and it's pretty bonkers. + +On Saturday, we're set to view another house that we really like. It's on the market for £650k. It has four bedrooms and a study, plus more storage, and the layout and garden seems like it would work well for this next stage of life. Extra space would mean we could host loved ones and have space for another kid. + +We can shuffle our finances around a bit and think if we stretch, we could afford it, and our loan to value ratio would be about 70%/30%. Looking at mortgage calculators, our mortgage repayment would be about double what it is now, which we are pretty confident we could afford. (Long term fixed rate - this would protect us from further interest rate rises?) + +We are quite risk averse people and are very conscious of the increasing cost of living and trajectory of bills, etc. We don't want to over extend ourselves and end up super stressed by money so are feeling cautious, but we want to live the best life we can. We have started work on a budget, but need toddler free time to dig through records. + +The question we keep coming back to - in the present day, is it better to own more of a cheaper house and have lower mortgage repayments, or is it better to own less of a more valuable property and have higher cost of living and a better quality of life? + +How do you go about deciding what investments to prioritise, and how do you factor quality of life into that? Do you have any recommendations on things we should read? + +Please let us know if you need more info. Thank you! +I have seen a wide variety of opinions ranging from this is a value buy or semi-conductors companies are undervalued rn, to companies like Intel and Micron are likely to show losses in the short-term. Curious what y'all think. Is this a value buy or is there more room for it to tumble down? +Yes, first of the month is tomorrow and rent is due as well other bills by Friday. Sheesh. I understand why my mom was like as a kid now I understand. Christmas will soon be here. I already know I'm not going to spend a lot. Currently, I'm in nursing school full time and working full time. In two years after I graduate from nursinf school, then ill give my kids a really great Christmas but not now. It'll be decent but not like they would want. +I was reading an article : [After Six Missed Calls on Phone, Mumbai Businessman Loses Rs 1.86 Crore in SIM Card Fraud](https://www.india.com/business/mumbai-based-businessman-loses-rs-1-86-crore-after-six-missed-calls-3506608/) . This article says that this guy's SIM was cloned and crores of money was siphoned off his business account in a matter of hours. He also says that he never shared his phone number linked to his bank account with anyone. + +* What steps should be taken to prevent SIM card fraud? + +* What steps should be taken to protect our money once our SIM card has already been cloned? +&#x200B; + +https://preview.redd.it/4typ6ftfpiq71.png?width=720&format=png&auto=webp&s=bd8daab81dd9a729667cd9ad4b811874dad111ae + +Special thanks to the retards at r/wsb for buying these things every week + +Been wheeling GME since March exclusively selling weeklies. Started off w/ about 40,000. Bought 100 shares and got assigned twice. Currently running 4 'threads' open, 3 CC's and 1 CSP. Current share price is 175 and the discounted price for my assigned shares is \~ 160 + +&#x200B; + +&#x200B; + +https://preview.redd.it/mp5es44roiq71.png?width=458&format=png&auto=webp&s=18ee1d8bbe72f9078aa2c7b57b348212873dd27b + +&#x200B; + +https://preview.redd.it/xiytltstoiq71.png?width=456&format=png&auto=webp&s=200593fddc5825a9afa9c118bd317ac65d6bf0c2 + +&#x200B; + +https://preview.redd.it/wcf4jy0apiq71.png?width=448&format=png&auto=webp&s=b90708715887f71e7bb0fdba181bed4c97e20a29 +Many new r/thetagang members like to start with the wheel as it's a pretty simple and straightforward strategy. One of the issues with the wheel is the large capital requirement to sell a Cash Secured Put (CSP). I've assembled a short list of low price stocks and ETFs that are prime for wheeling or any undefined risk strategy, making these trades accessible to accounts of almost any size. + +**Note: I do not have any directional opinions on any of these underlyings. This list is based on things like price, liquidity, and IV rank. Please do your own research and form your own directional opinions before trading.** + +1. **USO** \- $4.18 - 57.8 (U.S. Oil) +2. **F** \- $5.09 - 65.6 (Ford) +3. **GE** \- $6.54 - 74.0 (General Electric) +4. **X** \- $6.71 - 59.5 - (U.S. Steel) +5. **AAL** \- $11.58 - 55.4 - (American Airlines) +6. **SNAP** \- $13.24 - 97.6 - (Snapchat) +7. **UNG** \- $13.36 - 84.5 - (U.S. Natural Gas) +8. **SLV** \- $14.14 - 65.0 - (Silver) +9. **PINS** \- $17.40 - 80.2 - (Pinterest) +10. **XLF** \- $22.11 - 55.3 - (Financial Sector ETF) + +*Ticker - Last - IVR - Description* +I have waited over a month and there has been no refund check. Is this pretty much a call and hope for the best thing? It's after hours and cannot call now. + +Edit: to clarify. I left that day paying 750 bucks. The dentist charged about 1700 to MetLife and then Metlife said the negotated charge was much less. Then the claim processed online and it says that I would only have to pay $500. But since I overpayed what they think I should have payed, was curious if there was some sort of refund. + +Online it says "The patient's financial responsibility to the Dentist is $500" + +Thanks for all your help guys! +Does anyone here own any warehouses they use to supplement income in retirement? + +I am looking to fatfire in about 6 years and am interested in buying a building with several units. One for my current business and rent out the additional units. Then when I retire, sell the business but keep the building. The building will be located in San Diego. + +How are managing commercial tenants compared to residential? + +How have returns been compared to other investments? + +Any other advice or personal experience is highly appreciated. +Mid 30s household income $400k. Me $175k wife $225k NW <$1M. Income grew in last few years so low NW. + +I see so many fatFIRE business owners, IPOs, FAANG and money managers with so much wealth at a relatively young age. It seems like they’re a million miles ahead with a fraction of the effort. + +Me: +I put in 10 yrs as an early employee with an ecom business that we grew from $<5M/yr to >$100M/yr. My name is on all of their patents as the product inventor. But I got Zero equity, zero upside, and eventually forced out for disagreeing with the new bipolar CEO. + +Also, 5 years ago I put $40k into a side business that I worked on nights and weekends for 3 years. It failed and I ended up closing it. If I had just bought a 2nd rental property I’d have $250k in equity with a fraction of a headache. + +However, that side business gave me the ability to switch careers and double my income from $85k to $175k as I was getting pushed out of my other job. + +I’ll keep chugging along. Working on my next business for consulting. Eventually it will pay off. + +I’m curious. Did anyone else have any relatively major setbacks on their road to fatFIRE? How did they pan out? +Writing this up quickly before I nap until premarket but I think I've cracked the code on [Cohen's "RIP DUMBASS" tweet](https://twitter.com/ryancohen/status/1398454505314959361/photo/1) + +*edit: added image* + +[RC Tweet: RIP DUMBASS](https://preview.redd.it/c3qlqvbfd0m71.png?width=747&format=png&auto=webp&s=bda97cb9dba16a622fbd3a6483c9e027cce49239) + +A few days ago I started taking a look at old DFV and RC tweets again. With the community uncovering the "zombie stocks" and many RC tweets ([Sears/Blockbuster/Pets.com](https://www.reddit.com/r/Superstonk/comments/pgzvge/guess_who_else_squeezed_in_january_guess_who_else/); credit: u/notgoran69) seeming to hint at this correlation, it only made sense to revaluate them all + +# RIP Dumbass was always about Amazon: + +User [u/joeygallinal](https://www.reddit.com/user/joeygallinal/) discovered that "RIP Dumbass" came two days after Amazon's Bezos announced he would be [stepping down as CEO](https://www.reddit.com/r/Superstonk/comments/ph448x/on_may_28th_rc_tweeted_out_his_rip_dumbass_post/). While this alone seems like a nod to GameStop overtaking Amazon, Cohen's use of the tombstone generator seems to be a clue as well + +A reverse image search of the tweet reveals this: a LinkedIn post from 2018 using a tombstone generated from the same site: [https://www.linkedin.com/pulse/amazon-go-bankrupt-theyll-likely-outlast-1998-peers-michael-todasco?trk=portfolio\_article-card\_title](https://www.linkedin.com/pulse/amazon-go-bankrupt-theyll-likely-outlast-1998-peers-michael-todasco?trk=portfolio_article-card_title) + +[Reverse image search of \\"Rip Dumbass\\" tweet](https://preview.redd.it/tyyq9r5a90m71.png?width=790&format=png&auto=webp&s=12c0d615dab4ef2d37f81901c3e5caec70ad85c8) + +[\\"Amazon Will Go Bankrupt\\" published 12\/3\/18](https://preview.redd.it/ji3diji4a0m71.png?width=913&format=png&auto=webp&s=a1dae67f468e09bfac5673b40023cac209f2c759) + +>*Amazon is not too big to fail. In fact, I predict one day Amazon will fail. Amazon will go bankrupt...* +> +>*One day Amazon will not dominate. One day Amazon will not exist. No one knows when, but it will happen* + +December of 2018 was a notoriously bad time for Amazon's financials ([Amazon’s stock is closing out its worst quarter since the 2008 recession, 2018](https://www.cnbc.com/2018/12/24/amazon-on-track-for-worst-quarter-since-q3-2001.html)). The LinkedIn article highlights the longevity of corporations and Amazon's goal to remain on top. Nothing too interesting, but here's why I'm jacked: + +Cohen could have put that message out in *any way.* Him simply tweeting the words would be enough to jack our tits! In my opinion, the tombstone meme is a direct nod to this article. I did not have to dig far, folks! **It was the first and only** ~~matching~~ relevant result from my search. + +Strap in. GMERICA is here to stay + +edit: Relevant DD to the Amazon situation: [https://www.reddit.com/r/GME/comments/ngafr3/hedge\_funds\_stole\_the\_american\_economy\_created/](https://www.reddit.com/r/GME/comments/ngafr3/hedge_funds_stole_the_american_economy_created/) + +[https://www.reddit.com/r/Superstonk/comments/pgttob/the\_post\_about\_gamestop\_being\_a\_victim\_of\_jeff/](https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/) +Ok long story short, I have bad credit personally due to being dumb and impulsive. Im building it back but it takes a minute. My wife has good credit. + +We want to buy our first house, how should we proceed? + +Thanks! +Hey all, + I am a teacher and do not make a lot of money. I do ok but some house and car things got away from me like roof repair and big car maintenance. I got about 7k in credit card debt and 2k in savings. It’s not a lot but I’m a teacher at 52k. I have a pension. I also have a 401k from another job that has about 13k in it that I no longer add too. Can I borrow from that and wipe out credit card debt? I don’t think I’ll be able to pay it down ever. +I get that interest rates are low, but you still have a risk in that capital. If the price drops from say 750k to 600k as it rose that much in 12 months it could also fall you've just done your life savings. + +Interested to head people's thoughts on the housing market at the moment. +Wish me luck, I’m betting against TSLA. Just sold a Apr 1st 835,845 call spread. Win/loss $350/$650. Yeah, it’s peanuts, but that’s what you do when you bet against the Elon. + +Reasoning? Stupid P/E, and increasing competition. Tesla already cut the price on some models, and there are more alternatives coming. That Audi e-Tron looks awesome. + +UPDATE 1: Okay, I admit my "DD" is lame. This is a low-risk/low-reward, short-term trade, so I phoned it in. I'm a premium seller, and I don't know how to do research. + +UPDATE 2: To all you permabulls out there: If this trade wins, I'm keeping the profits. If it loses, I'll donate 2x the loss to charity, and I promise to never go against Papa Elon again. + +UPDATE 3: Closed trade for 75% of max profit. Skill is good, but luck is awesome! +See title ! + +I'm not asking whether I'm being unwise, I'm asking what options are available to me. + +Particularly asking what options would be sensible for my HL S&S ISA, as i manage this myself. Short term bonds (any examples?) ? Walmart ? Tesco ? ..Berkshire Hathaway ? + +Actions thus far; + +I've contacted my pension provider to discuss whether I can move my portfolio from "medium-high risk", with lots of exposure to equity, to a lower level of risk with more fixed income and cash. Still TBD whether this is feasible without incurring nasty fees. + +I have a Hargreaves Lansdown S&s ISA, and I have FANG, FTSE/S&P ETF's, and about 25% in some more speculative investments in a variety of sectors. I've also got a few grand in a cryptoish token that is a very speculative investment and one that I'm prepared to lose in it's entirety if I'm wrong. + +I want to de-risk my ISA, but I'm unsure what options I have. What bonds would you buy for say 6 months of being out of the market ? What makes a "recession-proof" listed equity option ? + +Frankly - I've never bought any fixed income instruments because I've never seen fit to de-risk in my lifetime. + +Thanks in advance. +Hi, + +I am a fan of cybersecurity and cryptocurrencies as a whole. + +I invested quite heavily into the Bitcoin ETP (BTCE) back in November 2020 and now it is in close mode. But I am happy with what I have and have not sold any of it away. + +My question is, what Bitcoin and Ethereum related stocks are there to buy? So far the only two good ones I know are: + +* Argo Blockchain PLC (ARB) +* Bitcoin ETP (BTCE) - Although you can no longer buy it! + +Also, is now still a good time to buy Bitcoin and Ethereum directly? + +Thanks! +I made this trade one month ago and not sure what to do. It has not been a great trade so far. Month end I will have some more money invest,should I double down on intel. +My research on Intel indicate Intel seems a good value stock, great cash flow, cash reserve, strong brand, 2% dividend, there is a big global chip shortage and Intel has fabs around the world. + +For the past year, semi stocks have all gone up massively while Intel stock dropped like 10% compared with their prices in early 2020. Even though Intel is facing so much challenges from all fronts, but I beleiev Intel stock is over-sold and the current prices present a great value. When we get the right catalyst, Intel may start to move huge. + + +Plus, interest rate rises and higher inflation, Intel supposedly gonna do very well. But the stock has been stagnate. Should I double down. Or invest in something else like real estate, reopening stock like national express, Jet2? +What're y'alls thoughts on it? In my opinion we will see a huge selloff due to people panicking, much like last week. Might try to get rid of some calls before he goes live. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Like the title says, why is this not a free money hack? Those leveraged bear funds are nearly guaranteed to go down over the long term. And doing an inverse LEAPS on it would profit off of the drop. So... free money? Right? + +I can’t be the first one to think of this: why does this not work? +I'm currently planning to attend beijing normal university in China and I'm really having a hard time to decide what I want to do next. + +My current top picks are: + +- Ecological Enviroment Protection and Management +- Comparative Educational Policy and Administration +- Leadership and Management in Higher Education +- Public Administration +- International Education and International Communication + +Do any of you have any tips on how to make a decision? or do any of you have experience with one of these options? + +I can pick any of these masters with my bachelor's degree, my acceptance only depends on my motivational letter. +If I see one more fucking post about a fake squeeze I'm gonna lose my god damn mind. + + +I thought margin call was still a threat? How are they gonna fake a squeeze if 'faking' it triggers the real one? In order for it to be 'fake' it has to be high enough to be 'beliveable'. If it hits 300 do you think everyone who isnt informed is gonna be like "oh yeah that's gotta be over". Or do you think they're gonna be like "holy shit I gotta buy in!" + + + +Shorts have been struggling to survive fighting apes and institutional longs. Literally doing everything they can to manipulate the media so FOMO buy in doesnt happen. I seriously see 0 possibility of them stopping the rocket if they try to 'fake' another takeoff +With all this bullshit with mods going on, everyone should expect a huge (artificial) dip this coming week. The hedgies are looking for ways to capitalize on the dumpster fire this has become. The DD is done, just HODL. The downfall and rain of FUD on this sub was to be expected but don’t be surprised when the price dips this coming week. +$Bingus have partnered with $Blowf to make a **gigantic giveaway** to celebrate a month of groundbreaking achievements on BSC! They recently got a **BNB-Bingus liquidity farm** on TakoDeFi (as well as a reward pool with ApeSwap)[.](https://i.imgur.com/vo4HTDg.png) + + +## It’s the Billion Bingus Giveaway! + + +There’s a prize of **$7,500 in $Bingus** to be won by those who create LP tokens on ApeSwap, and lock them for 3 days! To find out more details head to the [giveaway website](https://bingussweepstakes.app), and if you need any support or have any questions just head to the Bingus [Telegram](https://t.me/bingustoken2official/245996) or Discord linked below! + + +They also have a Twitter giveaway with a prize pool of $500! Check it out [here](https://twitter.com/BingusToken/status/1390355706033868800)! + + +Still not enough? Well there’s two AMAs scheduled! The first one is tomorrow and you can win $100! More details can be found [here](https://t.me/bingustoken2official/256701)! + + +##Recent Donations + + +In the **last week alone** the $Bingus project has **donated to five charities totalling $12,000!** You can find the links of the donations and charity information below. Head to our subreddit and check out the pinned posts to suggest a charity of your own! + + +- - - - + + + +#Tokenomics + + +**Only 3% slippage needed** + + +1% goes to charity | 1% is burned | 1% is auto-sent to all $Bingus holders + + +Holders: 10,022 + + +Market Cap: $6.8m + + +^(at time of posting) + + + +#Token Links + + +$Bingus website [bingus.finance](https://bingus.finance/) + + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F283050218D8) + + +[Litepaper](https://bingus.finance/wp-content/uploads/2021/04/Bingus_3.pdf) + + +[HowToBuyBingus.com](https://howtobuybingus.com) + + +[Stake](https://takodefi.com/farms) $Bingus-BNB pair to earn $Tako passively! | [Staking Guide](https://www.dropbox.com/s/ikcii098o5f273k/Staking%20guide.png) + + +[Reward pool](https://apeswap.finance/pools) with ApeSwap — stake $GNANA to earn $Bingus passively! + + +[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) + + +[Charity Donations (full list)](https://www.reddit.com/r/BingusFinance/comments/n5v1jh/donations_links_and_social_media) + + +[CryptoTalkz AMA](https://streamable.com/h2w51l) + + +[Satoshi Club AMA](https://t.me/Satoshi_club/715632) + + +[BSCScan](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + + +#Social Links + + +[Telegram](https://t.me/bingustoken2official) | [Telegram News and Announcements](https://t.me/bingustoken2official) + + +r/BingusFinance on Reddit + + +[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) | + +Donation 9 (**$500**) [Over and Above Africa](https://imgur.com/a/J8lFlph) | + +Donation 10 (**$500**) [Rogue Active Duty Animal Rescue](https://imgur.com/a/FjkAjmd) | + +Donation 11 (**$500**) [Orangutan Outreach](https://imgur.com/a/Mvtvxj7) | + +Donation 12 (**$500**) [ROLDA](https://imgur.com/a/KB4xlSz) + + + +#Endorser Links + + +**Michael Rainey Jr** + + +[Power](https://m.imdb.com/title/tt3281796/) | + +[IMDb](https://m.imdb.com/name/nm3691729/) | + +[Instagram](https://www.instagram.com/michaelraineyjr) | + +[Twitter](https://twitter.com/michaelraineyjr) | + + +**Rocky Kanaka** + + +[Save Our Shelter](http://saveourshelter.com/) | + +[YouTube](https://m.youtube.com/c/rockykanaka/videos) | + +[Rocky’s Website](https://rockykanaka.com/) | + +[Instagram](https://www.instagram.com/rockykanaka/) | + +[Twitter](https://twitter.com/rockykanaka) | + +[Facebook](https://www.facebook.com/rockykanaka/) + + +**BBno$** + + +[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/) | + +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) + + + +#Charity Links + + +**Maui Humane Society** + + +[Website](https://www.mauihumanesociety.org) | + +[YouTube](https://www.youtube.com/user/MauiHumaneSociety/videos) | + +[Twitter](https://twitter.com/MauiHumane) | + +[Instagram](https://www.instagram.com/mauihumanesociety) | + +[FaceBook](https://www.facebook.com/MauiHumaneSociety) + + +**Over and Above Africa** + + +[Website](https://www.overandaboveafrica.com) | + +[Twitter](https://twitter.com/overaboveafrica) | + +[Instagram](https://www.instagram.com/overaboveafrica) | + +[FaceBook](https://www.facebook.com/OverAboveAfrica) + + +**Rogue Active Duty Animal Rescue** + + +[Instagram](https://www.instagram.com/RogueActiveDutyAnimalRescue) | + +[Facebook](https://www.facebook.com/RogueActiveDutyAnimalResource) | + +[Webstore](https://www.bonfire.com/store/rogue-active-duty-animal-rescue/) + + +**Orangutan Outreach** + + +[Website](https://redapes.org) | + +[YouTube](https://www.youtube.com/channel/UC5TtWIiKSBehv3QDvl6xXSQ) | + +[Twitter](https://twitter.com/RedApes) | + +[Instagram](https://instagram.com/OrangutanOutreach) | + +[Facebook](https://facebook.com/OrangutanOutreach) + + +**ROLDA** + + +[Website](https://rolda.org) | + +[YouTube](https://www.youtube.com/roldaro) | + +[Twitter](https://twitter.com/ROLDAOrg) | + +[Instagram](https://www.instagram.com/RoldaOrg) | + +[Facebook](https://www.facebook.com/ROLDADOGS) +**Hi-diddly-doo fellow Aperino's!** + +**Nurse Mimi the medi-ape is here for your daily run down!** + +**I hope you are comfy with a nice hot (or cold) drink, ready for your digest - it will be long - as per usual.** + +[HAPPY MONDAY!](https://preview.redd.it/1x1ky75atdv61.png?width=848&format=png&auto=webp&s=eed76651356cbab2060168287108256c1302b8b5) + +**Just a tiny modification to my presentation, all text which is taken from an author will** **~~start with an indent~~** **(Edit: That didn't work!) be in speech marks, as opposed to my previous layout where I modified it all in italics. Anything I write myself will be in bold.** + +**An additional sentence under each news post will be added for my babyapes and smooth brain apes via ELIA -"Explain Like I Ape".** + +\--------------------------------------- + +https://preview.redd.it/tri4fwkythv61.png?width=634&format=png&auto=webp&s=22b0a600db38307e053b15e69f495488b3ff3f46 + +**DTCC liquidity risk testing on 26th April 21 - THATS TODAY!** + +[**u/bosh023**](https://www.reddit.com/user/bosh023/) **Wrote:** + +"What's interesting here is, this is an annual test which was last completed 24th Aug20, this test has effectively been brought forward to 26th April 21. The 2019 test was conducted on 26th Aug 2019. I feel it adds to the general conscious that something is brewing behind the scenes relating to leverage. + +Capped Contingency Liquidity Facility (“CCLF®”) is an integral part of the Fixed Income Clearing Corporation’s (“FICC”) role as central counterparty under the Government Securities Division (“GSD”) and the Mortgage Backed Securities Division (“MBSD”). On an annual basis, FICC conducts a mandatory CCLF test with all GSD Netting Members and MBSD Clearing Members in order to satisfy the requirements of a covered clearing agency with respect to its management of the liquidity risk. + +**APR21 - notice to all members** + +[https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf) + +**AUG20 - notice to all members** + +[https://www.dtcc.com/-/media/Files/pdf/2020/6/24/MBS861-20.pdf](https://www.dtcc.com/-/media/Files/pdf/2020/6/24/MBS861-20.pdf) " + +**ELIA: DTCC check if enough bananas for risk today.** + +[DTCC planning liquidity risk testing on 26th April 21 (4 months early) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mww2ah/dtcc_planning_liquidity_risk_testing_on_26th/?utm_source=amp&utm_medium=&utm_content=post_body) + +\--------------------------------------- + +**EXTRA EXTRA!!!**\--------------------------------------- + +[**u/MrPinkFloyd**](https://www.reddit.com/user/MrPinkFloyd/) **Posts an announcement:** + +"Not everyone who is drawn to GME is savvy with sorting/filtering threads, and/or familiar with Reddit. We should make it as easy as possible to get the best info. It's just good business. " + +[Petition To Get an "All The Top DD" Thread Pinned : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mycnyg/petition_to_get_an_all_the_top_dd_thread_pinned/) + +**Dear apes, if you find it difficult to find DD or want the DD to be more accessible via it being pinned, please go to the above link and upvote for visibility.** + +\--------------------------------------- + +\--------------------------------------- + +**Contents:** + +**Section 1- GME DD** + +**Section 2 - HF's/DTCC** + +**Section 3 - MOTIVATION** + +**Section 4 - WEATHER** + +\----------------------------------------- + +\----------------------------------------- + +**Section 1 - GME DD** + +\----------------------------------------- + +[**u/BornLuckiest**](https://www.reddit.com/user/BornLuckiest/) **Posts:** + +"There was simply speculation about the US flag, democracy and voting. It just felt to me like we are missing something - why at half-mast - people just staying something about a vice president who died before Ryan was Born. It all seemed a stretch to me and to be honest (have you got your tin-foil hat on?) like they were trying to distract me from its real meaning! + +So firstly, we have to ask why half-mast? So A flag that is half-mast is either on its way up or way down, right? So perhaps that's part of the hint, is the flag going up or down? + +As I discovered, *THAT* is what Flag and Pennant Analysis are all about - finding out if the stock is about to go up or down. + +Crayons make nice pictures! " + +**ELIA: Ape thinks flag picture not for long dead vice president but for the flag we see in GME.** + +[\\"Bullish Pennant Windsock\\"](https://preview.redd.it/m8m4knqv7hv61.png?width=1554&format=png&auto=webp&s=d3d3ef5194473b0b26168f9ce04e107fb20ebb91) + +[GME Pennant! (NEWLY Decoded Message from Ryan Cohen Tweet) : GME (reddit.com)](https://www.reddit.com/r/GME/comments/myipc1/gme_pennant_newly_decoded_message_from_ryan_cohen/) + +\----------------------------------------- + +[**u/nayboyer2**](https://www.reddit.com/user/nayboyer2/) **posts:** + +" Here is a different way to look at the OTC GME data. It should be abundantly clear that what is going on in the OTC dark pools is extremely abnormal. Citadel and Virtu market makers seem to be doing a whole lot of OTC trading. How did they get hundreds of millions of shares? What about Two Sigma? Why are the same entities trading so much volume so frequently in the OTC marketplace? Why did the number of shares / trade decrease so drastically beginning 1/25? Winter is coming. Are any of them wearing any clothes??? " + +[OTC high frequency trading.](https://preview.redd.it/6vlk7jc59hv61.png?width=638&format=png&auto=webp&s=7ac40d6b2be568fd93f5870866af7b6791563455) + +"Robinhood stepped up again with some serious high frequency OTC trading. Did anything happen that week? Oh yeah, the GME price experienced a huge drop from 280 to 210 on 3/15 and then to around 172 on 3/16. They didn't switch things up at all from their previous attacks. 297,276 shares traded 297,194 times for an average of 1.00 shares/trade. " + +**ELIA: Hedge funds are being mega shady trading shares between themselves very quick to confuse computer algorithms and drop price/keep price low.** + +[(1) Probably the last DD you'll ever need to read... The OTC Conspiracy - Shining Some Light into the Dark Pool data : GME (reddit.com)](https://www.reddit.com/r/GME/comments/myku8k/probably_the_last_dd_youll_ever_need_to_read_the/) + +\----------------------------------------- + +**On request by** [**-\_Artemis**](https://www.reddit.com/user/-_Artemis/) **- thank you for the link:** + +[**u/YoungUrk**](https://www.reddit.com/user/YoungUrk/) **posts:** + +[Board recommends us to vote for all the six nominees.](https://preview.redd.it/r5bzu72rxhv61.png?width=640&format=png&auto=webp&s=2496364f846a038323eb64c68ecd31fcd5a4806a) + +**ELIA: All members of banana boat stock agree all members should be voted for by apes.** + +Y[ou may revoke or change your vote at any time - THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE “FOR ALL” OF THE BOARD’S SIX NOMINEES (directly from the proxy statement) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxzmwh/you_may_revoke_or_change_your_vote_at_any_time/?utm_source=share&utm_medium=web2x&context=3) + +\----------------------------------------- + +[**u/WhileNo1676**](https://www.reddit.com/user/WhileNo1676/) **Explains:** + +"Not that I think he’s a bad actor, gme OG’s will know he actually did a lot of good and I think he’s more on Ryan’s side than jim bell and Kathy Vrybeck. But he will be incentivized to sell some of his shares if not voted onto the board, so vote yes AS RC RECOMMENDED and keep his shares locked up." + +**ELIA: Maybe ape recommended to vote for all nominees to lock extra bananas away from HF's.** + +[Voting Sherman in means his 1mil + shares remain locked up : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxyf4j/voting_sherman_in_means_his_1mil_shares_remain/) + +\----------------------------------------- + +[**u/Chabkraken**](https://www.reddit.com/user/Chabkraken/) **shares:** + +"The wave of amateur Korean traders has been inspired by a US campaign against hedge funds that had made bearish wagers on companies such as gaming retail chain GameStop. Kstreetbets, an online forum that targets short-sellers, is named after the popular Reddit group r/WallStreetBets + +Kstreetbets members call themselves “ants” and have dubbed their cause “the Donghak Ant Movement”, a reference to a failed uprising by farmers in 1894 against corrupt aristocrats and growing foreign influence in Korea. Today, many Korean retail traders feel as though they have been exploited by local institutional and international investors + +The “ants” are testing their political power by demanding regulatory changes in the stock market. Some had called for a campaign against ruling party candidates in mayoral by-elections this month in Seoul and Busan, the country’s two biggest cities, and in the presidential vote next year." + +**ELIA: Korean ape strong. Korean ape hold with us. We love all apes.** + +[https://www.ft.com/content/060b527e-8f8c-48f8-9809-8f0e6d60fc37](https://www.ft.com/content/060b527e-8f8c-48f8-9809-8f0e6d60fc37) + +[South Korea’s retail investor army declares war on short-sellers : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myaka1/south_koreas_retail_investor_army_declares_war_on/) + +[GME make us Stronk.](https://preview.redd.it/ozaa97y8khv61.png?width=650&format=png&auto=webp&s=79a202c50620d4098ae7fe960f2f2fedeb54d4f9) + +\----------------------------------------- + +[**u/greysweatseveryday**](https://www.reddit.com/user/greysweatseveryday/) **Posts:** + +" Over-voting does not directly and immediately trigger a share recall or force shorts to cover. It does provide the company with information on the total votes cast, which it could use as evidence of massive naked shorting of its shares and consequently the fraudulent creation of millions of shares. The company may publicize this information, which would refute the narrative that all shorts covered and would put the SEC and the NYSE on notice that this has happened and needs to be investigated and resolved immediately. Vote your shares. " + +**ELIA: Voting good. Vote if you can! Ask for control number and go to proxy voting site! DO NOT CLICK LINK ON REDDIT- Lots of sneaky snakes trying to take your votes!** + +[(11) DD: Here's what happens if there is over voting (more shares voted than issued) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mya2a8/dd_heres_what_happens_if_there_is_over_voting/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/donkeydougie**](https://www.reddit.com/user/donkeydougie/) **Writes:** + +"GameStop had a [not-so-great Q1 in 2020](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-first-quarter-results), with: + +* Net Sales: $1,021.0M +* Gross Profit: $282.4M +* Net Income (Loss): ($165.7M) + +Which, looks even worse compared to their [Q1 2019 numbers](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-first-quarter-fiscal-2019-results): + +* Net Sales: $1,547.7M +* Gross Profit: $471.2M +* Net Income: $6.8M + +Now obviously their Q1 2020 numbers were impacted significantly by COVID-19, which must be taken into consideration. + +Anyways, given the weak performance in last year's Q1, GameStop could potentially have a blowout quarter this Q1 (relative to Q1 2020 - and, potentially, in general)." + +**ELIA: GME did mediocre before. GME might do very well now! Apes buy more product from stores helping sales!** + +[This is the Last Week for GameStop's Q1 2021 Fiscal Quarter! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myhxcl/this_is_the_last_week_for_gamestops_q1_2021/) + +[ u\/RafaelNobre posted this image, created by the artist Banksy.](https://preview.redd.it/itp2r097phv61.png?width=640&format=png&auto=webp&s=d99266be537482b471b0a8060494b1fe47970a62) + +\----------------------------------------- + +[**u/ThoughtfullyReckless**](https://www.reddit.com/user/ThoughtfullyReckless/) **Posts:** + +**A fantastic weekly round-up of DD. In case anyone wants a list of all DD's from this week!** + +[Weekly DD roundup: w/e 04/25/2021 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myc8ch/weekly_dd_roundup_we_04252021/?utm_medium=android_app&utm_source=share) + +**ELIA: Smooth brain ape no read this one, too many lettery words.** + +\----------------------------------------- + +**Section 2 - HF/DTCC** + +\----------------------------------------- + +[**u/Ninblades**](https://www.reddit.com/user/Ninblades/) **Posts:** + +The NSCC along with the DTC is complicit in defrauding America's investors and its corporations through a Share Borrowing Program designed to allow its participating members to reset their FTDs while maintaining an air of innocence by professing it is powerless to enforce buy-ins due to a rule that they themselves implemented to uphold a lender's identity. + +I'll let Dr. Acosta have the last word: + +***“*** \*When this very same party (the DTCC and its subdivisions) that also has 15 of the 16 separate sources of empowerment to execute buy-ins ALSO pleads to be “powerless” to do buy-ins then I’d say we have some “issues” to deal with especially when the financial benefactors of this acting to be “powerless” are the owners of the clearance and settlement system and the bosses of these management teams."\**Dr. Jim DeCosta* + +Unless the SEC steps in and force the criminal organization that is the DTCC to clean up its act, this charade will continue and nothing has changed since [2004](https://www.sec.gov/rules/proposed/s72404/s72404-14.pdf) when the Stock Borrowing Program first came into effect. + +**ELIA: DTCC likes giving bananas to HF's and try hide banana from ape. SEC need stop this.** + +[(11) The DTC and Its Subsidiaries (DTCC & NSCC) is Complicit in the Robbing of America : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my4le1/the_dtc_and_its_subsidiaries_dtcc_nscc_is/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/Senior\_tasteey**](https://www.reddit.com/user/Senior_tasteey/) **Shares:** + +https://preview.redd.it/lgcn8u25thv61.png?width=640&format=png&auto=webp&s=4146c5a939c2f4de676ecb20f9d1db3622ce451a + +**u/**[**Bows\_N\_Hoes**](https://www.reddit.com/user/Bows_N_Hoes/) **states in the comments:** + +He is basically saying all the pro-HFT people that say HFT’s “improve liquidity and price improvement for retailers” is hogwash. And considering he is an engineer that actually understands the advanced algorithms, I’d say he might be right. + +**ELIA: Fast banana trading is never good for ape. DTCC and HF's lie to ape about it being good.** + +[(11) EX-SHITADEL EMPLOYEE-TURNED-APE ON US MARKETS! : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myiq1n/exshitadel_employeeturnedape_on_us_markets/) + +\----------------------------------------- + +[**u/Dragon747**](https://www.reddit.com/user/Dragon747/) **Shares:** + +[Oh no. We all know what it means when CNBC is pushing something.](https://preview.redd.it/617sl0i6vhv61.png?width=640&format=png&auto=webp&s=cb6309976e78e084d9b722fea16022062e85ce01) + +**ELIA: CNBC are paid by snakey HF. When CNBC says something positive about something, usually opposite happens for snakes to get innocent ape bananas.** + +[ Found this article this morning.... If CNBC is positive/ trying to move Treasury bonds on behalf of their masters... Welcome to the beginning of the end of the end... : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myii2t/found_this_article_this_morning_if_cnbc_is/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 3 - MOTIVATION** + +\----------------------------------------- + +[**u/nbrix**](https://www.reddit.com/user/nbrix/) **Posts:** + +[LOL. Who did this?](https://preview.redd.it/tx2rzzwvvhv61.png?width=640&format=png&auto=webp&s=b932999d57332e99b7cae3081f5d24d42356e08a) + +[Checked Glassdoor for any job postings... You beautiful bastards didn't let me down. : GME (reddit.com)](https://www.reddit.com/r/GME/comments/mymfsu/checked_glassdoor_for_any_job_postings_you/) + +\----------------------------------------- + +[**u/feltdumbmightdelete**](https://www.reddit.com/user/feltdumbmightdelete/) **posts:** + +[Hahaha. So true!](https://preview.redd.it/g43a9zc4whv61.png?width=960&format=png&auto=webp&s=e14de175659fe14dc0030fe9b733a1047089b86d) + +[the latest estimations are in : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxza6y/the_latest_estimations_are_in/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/OutdoorAdventurer**](https://www.reddit.com/user/OutdoorAdventurer/) **posts:** + +[What we will all be drinking on the moon!](https://preview.redd.it/hwowyc3cwhv61.png?width=640&format=png&auto=webp&s=cf287f2f55f164fd31f93e6cfa769cb0ac587e8c) + +[(3) Cocktail at my local steakhouse!! 🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxwhg9/cocktail_at_my_local_steakhouse/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/forbiddenloser**](https://www.reddit.com/user/forbiddenloser/) **Posts:** + +[So true. Every day the plot thickens for the ultimate epic tale.](https://preview.redd.it/ldao4bliwhv61.png?width=700&format=png&auto=webp&s=f972eda014ad1d0a4c837f7174b158696d3de128) + +[ 🌚 🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my2x8y/_/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/ApprehensiveLevel-2**](https://www.reddit.com/user/ApprehensiveLevel-2/) **posts:** + +[Love Mark Cuban. Wise man with very wise words.](https://preview.redd.it/lesop98wwhv61.png?width=640&format=png&auto=webp&s=f3422b13950e16dff735f1d90ea5b348692a27a2) + +[ Just a bit of reassurance that Mark fucking Cuban believed in the little guy winning. “Changing the game is ALWAYS messy” : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my7sin/just_a_bit_of_reassurance_that_mark_fucking_cuban/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +[**u/1980sTokyo**](https://www.reddit.com/user/1980sTokyo/) **posts:** + +[So true. Hold strong apes. And when in doubt - zoom out.](https://preview.redd.it/9g0l5ntpwhv61.png?width=548&format=png&auto=webp&s=a4c0f5cc4585fdf6021b8762d0869221dd85a7a1) + +[Just gonna leave this here for fellow Diamond hand apes 💎🙌🚀🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mxvben/just_gonna_leave_this_here_for_fellow_diamond/?utm_medium=android_app&utm_source=share) + +\----------------------------------------- + +**Section 4 -** **WEATHER** + +\----------------------------------------- + +[ Meme by MrAldo2752](https://preview.redd.it/fe0kn2h9ihv61.png?width=566&format=png&auto=webp&s=c72a3b09b34f7efb4067adce9f4ec6b6d496e5f1) + +**Guest weatherman** [**Sa0t0me**](https://www.reddit.com/user/Sa0t0me/) **predicts:** + +There's a shill low pressure cloud forming on WSB and slowly creeping into [r/superstonk](https://www.reddit.com/r/superstonk/), 90% chance of FUD, clear skies. + +**Nanananananana Batman predicts:** + +Looks like it might start raining cats. Some of ya'll will still find it hard to get some p\*\*\*y. + +**Nurse Mimi predicts:** + +Looking at my magical machine-bob, looks like we start the day with some confirmation bias, morning beginning with heavily jacked tits. As the day goes on we may have strong winds, straight out of Sh\*tadels bum, onto the GME stock. It may be that if we don't properly route our buy orders through fair market makers, Sh\*tadels bumhole can then inhale our shares into their black abyss. + +**And that's all for the weather today!** + +\----------------------------------------- + +**Guys I would love to have you make the weather prediction posts as it is fundamental for a newspaper.** + +**Please post weather predictions in comments and I shall post the top three daily!** + +\----------------------------------------- + +**Lots of love,** + +**Nurse Mimi** + +🚀 🚀 🚀 + +\----------------------------------------- + +**Skip to yesterdays news:** + +[(11) MORNING NEWS (And obligatory memes) from Medi-ape Mimi. 👨‍🚀 25/04/21 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/my4u0t/morning_news_and_obligatory_memes_from_mediape/) + +**POLL TO NAME MY NEWSPAPER:** + +[~~(2) MORNING NEWS NAME POLL : Superstonk (reddit.com)~~](https://www.reddit.com/r/Superstonk/comments/mz2ewr/morning_news_name_poll/) + +[ MORNING NEWS NAME POLL ROUND 2 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mz4275/morning_news_name_poll_round_2/) +I’ve been an Intel user since forever. + +After seeing all the NVDA/AMD news for the past few weeks, I even considered upgrading my Intel CPU to an AMD CPU. This makes me wonder, what happened to the great Intel? Are they stoned? + +&#x200B; + +\---Promise or Non-sense?--- + +&#x200B; + +# INTC is beaten badly on the market. + +The most demand for semiconductors is from business instead of gamers/ individuals. Intel has been losing their customers as they lost competition. + +On the other hand, AMD gradually over the quarters, showing innovation with a cutting-edge chip and in other sectors. + +&#x200B; + +# Buy Intel’s dip instead of AMD or NVDA? + +It’s a big no for me. + +Don’t get me wrong, Intel is far from dead or less competitive. Balance sheet is great and the new CEO looks pretty promising. + +However, the big question - Will INTC go back to their glory days? + +Not gonna happen if they don’t show any innovation. I’m laying my hands off for now. + +&#x200B; + +# Don’t panic if you have INTC, here’s why. + +If you already got some INTC on your hand, don’t sell just yet. INTC is kind of overlooked due to how great NVDA and AMD did recently. However, if you do hold INTC, best case scenario INTC gets back on their feet and stomps AMD and NVDA. + +Worst case? + +They stay like this for a couple more years. Nothing really bad would happen for a company with such cash in hand. If they use the cash the right way, many things could be achieved. + +What do you guys think? Do you still have faith in our good ol’ intel ? +To all those who believe in Ethereum's long term potential, do not worry. We've seen tougher times last year during the DAO fork and the ensuing DOS attacks on the ethereum network conducted by BTC maximalists. Back then they did their worst and ethereum still survived through it all and came out on top(were still on top in gains). Let the BTC ignorant fools jest all they want but revenge is sweet. I remember searching PMs through my old posts and then messaging the fuck out of those ETH shortest when ETH was climbing to 420USD And oh was it sweet revenge seeing them jump and squirm as their portfolio diminished 50% everyday. Which if you think about it, bitcoin is needing to create forks every month to try to achieve. + +A little longer down the road in a few months, we will see the same adoption coming as all the great news pass under the radar and accumulate. Those saying Devcon3 is nothing are shortsighted. Pay attention to the topics of this year discussion and you will see that majority of them are centered around solutions to huge industries and game changing technologies. It's no longer just talking about concepts but we're talking about solutions this year. Solutions applications and how to use them. The ethereum ecosystem has grown so much in the past year beyond just adoption which many new investors have yet to even fathom to start finding out about. It's crazy once u start realising the depth of research these intelligent developers have done and will be executing fairly soon. + +I for one can't wait to see many of these solutions being finalised in the coming year and everything gets ready for Casper. Don't underestimate how fast this space grows. The growth we're seeing is 10x faster than any other coin out there. Difficult solutions being solved in months. Revolutionary tech released in a year or two. Just imagine how it took bitcoin 3years to argue for 1MB of upgrade. And how much more we're achieving. Stay strong and trust yourself. + +Short term gains aren't worth your sleepless nights. Turn off your phone, go do something else and come back in a few months and you will still outperform short term day traders trading on other altcoins like bitcoin. +This is some DD I did for myself. I’m sharing it because you might find some of this interesting. If you don’t like it, there are many other excellent DD to suit your bias. GLHF. + +Here, I wanted to return to first principles and look at what the current short position looks like for the Hedgies right now. bc curiosity. + +Not all the shorts were created back on Jan 27th, many were certainly, but to understand the ***current short position*** on GME we need to consider the price at the time each batch of shorts was created and sold into the market over all the days since Jan 27th. This allows us to determine whether they are are up or down on their total position. + +So, I pulled the historical Short Volume Data from Chart Exchange and cross-referenced it with the GME price history from Barchart. The NYSE Short Volume (not to be confused with Short Interest) is the number of trades each day that involve a Short sale. When Short volumes exceed Long Volume you have a net accumulation of Short Interest. (Nekkid Shirts!) + +**Here are my assumptions for this analysis:** + +1. My analysis begins on Jan 27th, GME was just about to moon and they turned off the BUY button. Daddy Citadel and Point72 came in to bail Melvin out to prevent the game from being exposed. +2. For purposes of this DD I will ignore any bazillion-share short position they might have had *previous* to this date and assume Cit/72 opened new shorts at this time, establishing a fresh new short position as of that date. +3. The bad guys have some way to create an effectively *unlimited* number of naked shorts. By means of Future Swaps, Volatility Swaps or whatever mechanism it is they are using. I don’t know what that mechanism is, please browse other DD’s if you want to go down that rabbit hole, but here shorts are shorts are shorts and I am not focusing on how the magic hat they got pulled out of. +4. The Short Volume of the stock is being generated 99% by the bad guys. This is a battle between Apes and Hedgies but a few day traders might have got burned trying to short GME but the vast majority of the financial pain lies with Cit/72/Melvin. +5. The difference between the Short Volume and Long Volume represents the net number of Short shares created every day. i.e. When Short Volume exceeds Long Volume you have a net increase in Shorts that day. When Long exceeds Short, there is some covering we will assume. + +**For reference, some current tickers for Short Volume stats:** + +|Ticker|30-Day Avg Short Vol|Seems normal?| +|:-|:-|:-| +|AAPL|48.85%|Normal| +|TSLA|49.83%|Normal| +|Popcorn|48.05%|Normal| +|Ford|45.85%|Normal| +|AMD|55.83%|High| +|KO|43.98%|Normal| +|GME|59.95%|Insane| + +&#x200B; + +Ok, let’s go! + +&#x200B; + +[Nov 23th was a dark day, but less Short Volume??? Also box is off by one. :\(](https://preview.redd.it/jzm943ffx1581.jpg?width=780&format=pjpg&auto=webp&s=c2bcef3310fb8ea93ea353db02d78f4180983734) + +&#x200B; + +[Net Short and their current Positions at the current Share price](https://preview.redd.it/hptios1xv1581.jpg?width=1664&format=pjpg&auto=webp&s=974af8fc13e3305b6629e43e58137ad9cdfc79d7) + +I had questions … + +**What the average number of shares shorted every day in 2021?** + +1,107,157 shares/day + +**What the average number of shares shorted every day since July 1st?** + +513,647 shares/day + +**What the average number of shares shorted every day this month?** + +499,647 shares/day + +**What does that cost them?** + +Nothing. Because they are coughing up phantom shares and taking $72M of real money and putting in their bank account. It does create an ‘obligation’ to repurchase those shorts later (cough cough) but in the meantime, there’s a liability and a pile of cash matching it, so they are net neutral on the trade until the share price starts moving. Same as how any trader conducts any normal Short selling. + +**Does the number of shares shorted each day correlate with the drop in price action?** + +No. Surprisingly. + +Take November 23rd for example. A terrible day with -13.59% drop in the share price, and yet Short Share Volume was nearly equal to Long Volume! This was surprising to me. I expected that naked Shorting the crap out of the stock would smash the price down. Well, it’s more correct to say that selling stock consumes the Level 2 ask and that moves the price down. What is being sold doesn’t really matter. I assume what they have done here is naked short some shares prior to such days and have a Hedgie buy the nakeds, they turn around and sell them back into the market at a later date to make them look like Long Volume selling. i.e. A wash sale. That way they can make it look like Apes are selling and the price *isn’t* dropping due to naked shorting. I think apes were probably too smooth-brained to fall for such an advanced level of misdirection, but I mention it here cause the lack of correlation was itself an interesting aspect. + +Regardless of whatever MM tricks they’re using, the total average short volume does not lie, they may save it up and wash it for their short attacks but in the end the numbers show they continue to relentlessly short the stock on the daily. + +**What does their position look like from Jan 28th until now?** + +They are up **$5 Billion** on their short position! + +&#x200B; + +Before you start flipping poo at me, you should also know they were **DOWN** on their position on Nov 19th at a **massive** \-$15B loss when the stock was eighty bucks higher. + +What? Yeah, that is some serious price sensitivity there. Given the massive number of shorts and the current proximity to the average price they were entered at, $188, **small fluctuations** here cause multi-billion dollar swings in the position. + +Well, since the short volume numbers indicate they initiated their position as VERY HIGH levels, like 7.7M new shorts opened at $347 on January 27th. So long as we continue to trade below that price, those shorts are PROFITABLE. Not all their shorts were opened at that level, so to determine their current net position we need to consider how many shorts were opened (or covered) every single day at the average price for that day, keep a running tally of what their gain/loss looks like. + +**Total number of shorts added since Jan 27th:** + +*245,788,815* + +**Average share price for shorts added since Jan 27th:** + +$188 + +That means that they start taking losses, cutting into their margin, at any price **above** $188. + +**Oook Oook, Compete Spatulative Bits Now …** + +I wasn’t going to include this but this is actually the entire reason I started this DD, to determine the MM’s pain threshold. + +Proceed with caution from here on … this is wild speculation. + +There are other DD’s out there that calculated these additional shorts. Yes 245M that’s over 3x the float, blah blah blah, but if they are using legal mechanisms to short and using tricky things to report a mere 13.59% SI then I don’t know what else I can add to that analysis. Go read one of those DD”s if that suits your bias. What I want to focus on here is how close they are to blowing up their margin, cause Marge ins’t gonna care about what SI you report, when it comes to money I trust the Banks are gonna be watching like a hawk. Despite the giganormous size of this short position, so long as the MM’s keep us below $188, it is a *profitable* position and you can’t margin call them. + +**How high can the Share Price rise before Marge calls?** + +Ok, I don’t know that. Tricky trickers gonna do tricks. But I’m gonna put my galvanized tin foil hat on and make one last assumption: The hyper-aggressive shorting that started Nov 23rd and drove the stock from $248 to $159 was necessary because it hit their pain threshold. Yes, that is a HUGE frikkin assumption and it might be totally wrong. + +The BABY stock spiked on Nov 1st adding an unexpected burst of buying pressure and apes were snapping up options like crazy. By Nov 23rd they were in the hole by -$13.9B when the share price hit $248. + +Perhaps the simply had to smash it to get their margin down. Yes, they dug the hole deeper by shorting *an additional 6M* since then, but below $188 the total position is in the green! + +**IF this was their so-called pain threshold, is there any supporting evidence that backs it up?** + +Maybe. We might have hit their pain threshold before actually. A few times. + +&#x200B; + +[What happens when we cross the line?](https://preview.redd.it/1ponto66w1581.jpg?width=2794&format=pjpg&auto=webp&s=18f9afc5edffb965a730c03150d2b39b2f12baa7) + +The current position-neutral price for all their new shorts might be $188 today, but it has been decreasing every day since Jan 27th. As their short position has grown, it has become increasingly sensitive to fluctuations in the price action. Smaller increases in the share price multiplied by an ever-larger number of shares shorted are needed to hit that same $14B pain threshold. + +I drew in the line that represents the $14B pain threshold over the chart, set the slope to reflect the average increase in shares over that same time period. What I mean by this, is that the pain threshold is decreasing at a rate of $0.29 per day, $1.46 per week and was $38 higher at the end of June than Nov 24th. + +If current short volumes stay at current levels, the pain threshold drops $8 (to $240) over the next four weeks and every four weeks after that. + +&#x200B; + +[Sensitive chart, look at it gently](https://preview.redd.it/nqb9ldycw1581.jpg?width=1696&format=pjpg&auto=webp&s=b218d68c20e932cc8620b8f742405e79e492be99) + +In the end we truly do not have any way to know what kind of losses they can tolerate. + +Looking at these numbers, yeah, I guess it makes sense to short the stock down to $188 so they don't get margin called. Another 6M shares in the hole to move the price down is worth it if you've got well over 250M shares shorted already. + +The current sustained buying pressure in the face of such relentless shorting means the walls are inevitably closing in here. To prevent margin calls they will need to keep shorting it and as the short position increases in size the pain threshold will continue to fall. Doom Loop scenario, but suggests a massive decrease in price will immediately precede the MOASS. + +In terms of proof-of-concept, let’s keep an eye on the share price and see if we see another *rejection in the price action at $240* over the next four weeks and again at $232 in the subsequent four weeks. + +**Sources** (Pls check my maths I am smooth sometimes ...) + +[Chart Exchange](https://chartexchange.com/symbol/nyse-gme/stats/) + +[Stonk Tracker](https://gme.crazyawesomecompany.com) + +[Yahoo has bizarre volume numbers](https://finance.yahoo.com/quote/GME) + +[Barchart](https://www.barchart.com/stocks/quotes/GME/price-history/historical) + +**TLDR; Shorts getting shorter every day. Hedgies start bleeding billions when the stock goes over $188. Buy, Hold, DRS!** +Who do you think are the most respectable, worth learning from people on this sub? Just trying to weed out r/wsb spillovers/nOObs/$500 portfolio pros/overly risky yoloers. + +So far for me it seems ScottishTrader, loveofprofit. Anyone I'm missing? +Hey Gang, +I've got about 20k in my TFSA and I would like to use it to generate some beer and pizza money with covered calls. I'm looking at either AMD or BB. I can't do PMCCs with my broker (RBC). + +Can anyone suggest why I should pick one over the other? Is there another ticker I should look at? + +AMD costs $156 and the $160C(%2.5 out) goes for ~$3.00. Yields about %1.9 per week + +BB costs $10.70 and the $11C(%2.8 out) goes for ~$0.29. Yields about %2.7 + +Also AMD has gone up a lot lately so kinda worried about a pull back in price. +BB kinda just ranging between 9.5-11.5. + +Any reasons I should choose 1 over the other? + +I'm leaning towards BB cuz the premiums seem a bit juicier based on my quick math. + +Help me decide! +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +My parents are in early 60s, father is unable to work due to health issues and is in process of applying for disability. For past few years, they have been only able to save very little money - couple of hundred each month or something. They’ve mentioned filing bankruptcy, as the medial bills have put them underwater. + +It’s probably 20-25k they would need to alleviate all other debt (credit cards, my sisters student loan, both good and bad debt etc.). + +I could pull the cash together, but I’ve also got two toddlers, have long term education and finances to keep in mind. + +They currently rent a house in FL and will eventually inherit my grandparents house in a few years. + +I’m not sure if it’s better to let them file (they did once when I was a kid too), as their credit isn’t super important to them. This would wash some debts away, and let them get back above water. OR I could wash most of the debt myself. + +What would you do? +I was in some financial trouble and out of sheer desperation, I went to my only option loans2go and they offered me a loan of £1000 with an insane amount of repayment equaling £4000 paid back over 18mths at £57 per week. + +&#x200B; + +Well, I tried to repay the settlement early but was still needing to pay nearly £4000 so I just stopped paying it and it then defaulted + +&#x200B; + +So about 6 months later I tried to make an agreement with them telling them I would pay £2000 and call it quits to just get them off my back. I thought this was acceptable as I'd already paid back over £300 so they would have earned £1300 interest in 6 months. But obviously, the absolute scammers that they are they wouldn't accept. + +&#x200B; + +Well, How glad am I that they didn't because I took it further and went to the financial ombudsman? + +&#x200B; + +Now, I am going to suggest that you all do this because I am pretty sure anyone desperate enough to use this company will have some defaults or CCJ's on their credit reports. + +&#x200B; + +The financial ombudsman ruled that they shouldn't have given me the loan and loans2go should have done more research into my financial situation as it was clear from what they could see on my credit report that I was struggling financially. + +&#x200B; + +The ombudsman ruled that I only need to pay back the money I borrowed with no interest and loans2go have to remove any negative remarks from my credit file. + +&#x200B; + +So please, if you have used this company, please get in touch with the ombudsman as this crooked outfit is so very close to getting shut down so play your part in hammering the final nails into their coffin. + +&#x200B; + +Now imagine they just accepted my offer in the first place i'd have been out an extra 1300 and still had my defaults. + +It feels so good to finally get one up on these crooks. + +&#x200B; + +Edit: I just want to add, that this isn't a debate about the rights and wrongs of me signing this agreement. I know I shouldn't have as does every single person that gets one. + +&#x200B; + +I`d put everything into starting a new business as a genuine last chance of a decent income and some happiness. I was 35, had over 20 jobs and I never found one I could bring myself to do every day. I'm not good with routine through various issues I have that I will not discuss here. +Something happened that had the potential to ruin it all so I got the loan and I signed it knowing I'd struggle to pay it and I'll admit that was stupid of me. + +&#x200B; + +My concerns came when I started reading more and more reviews of the people that are getting these loans. + +Loans2go are literally the only company in the country that are loaning to these people. +They has one demographic in mind and it is people that no one else will loan money to because no one should be loaning them money. + +Most these people are getting them for things like feeding their kids. Proper desperation and being taken advantage off for it. + +It's about the company existing and playing a part in the fight against them by sharing my shitty story. 👍 +What a crazy week, here is what we have going on: + +- 100% utilization +- Gamma ramp +- Closed-door Fed Meeting +- Vix spiking +- Russia thing +- burned down warehouse in Chicago +- Opex +- More diamond hands than ever +- Fomo +- My pure speculation but I hope GME has a Superbowl ad +- Ortex indicators firing up +- 7.5% Inflation +- Morgan Stanley backing out of nscc services +- Daddy Cohen's tweet + + + +Edit- Added Daddy Cohens tweet + + +I can feel it +Hey, hopefully a soon-to-be first home buyer here! + +Im looking at getting an apartment near the city and have done my research and found a great place. I'm currently talking to my bank about pre-approval and have my booty ready for them. The only thing I'm concerned about is dealing with the real estate agent. + +I've heard heaps of horror stories where the agents have driven offers up by saying that there are other offers when there aren't any, and things like that. I was hoping for any tips, eg, do they have to show me other offers which have been put forward, or things to avoid mentioning so they don't try to swindle me. + +Any advice would be much appreciated. Thanks! :) +Tl;dr I’m considering leaving a lucrative role at a PE firm to start my own fund, and unsure if I’m being wise or foolish... + + +Hi folks! Love this sub and am quite active here. Using a throwaway for this as I could likely be identified from my post history on my main acct. + +Some context: I, early 30s M, work at a very large tech-focused PE fund. I’m currently one level below partner. I make $625-775k per year cash comp. Another ~$750k of carry vests each year, but the ultimate value of that carry varies wildly (likely range is anywhere from $0-$1.5M / year depending on fund performance, which is volatile). + +Current NW including my unvested carry (6yrs to go) is $10M. Current NW not including unvested carry is only $6M. I don’t have any inheritance coming my way or a financial safety net other than what I’ve been able to build up myself (family is poor, I graduated with student debt, etc). + +I used to love my firm—ppl were nice, honest, hardworking, collaborative, successful. Unfortunately, things have changed over the last few years. Between new leadership, key ppl leaving, and bad actors coming in especially at the GP level, the culture has taken a nosedive. It’s becoming a toxic place to work. People (including senior partners) are lying frequently, stealing credit from others, and there are many free-riders who do zero work but play the politics well. I’m also not confident as to how the current and future funds will perform as I think our investment judgement has degraded alongside our culture. + +Anyway, my MO is to keep my head down and focus on work. But with all the politics, lying, and credit stealing, it’s no longer meritocratic and sr partners are even starting to try to steal credit for my investments. My personal investment track record is very good. I’ve delivered hundreds of millions to the firm in realized gains and my avg IRR and MOIC are like >50% and ~10x overall across all my investments. None of my investments have failed, all have either already delivered great liquidity/returns or are tracking to do so. My personal performance is considerably better than the firm’s. + +That said, the great things about my firm are the brand prestige, extremely stable high cash comp, extremely good benefits (the benefits are insane—concierge docs, everything is $0, etc., which is a huge deal in America where our healthcare system is f’ed up). I can also be pretty autonomous—I’m mostly trusted to set my own priorities and schedule which is nice. + +If I were to start my own fund, I’m confident I could raise a small pool of capital (~$50M), but not sure if I could raise more. Wouldn’t have to worry about culture (I’d keep the org small, probably 3 trusted ppl tops), and would be free to invest in companies I believe in without worrying about bureaucracy of getting investments approved or ppl stealing credit. And of course if things go well, I’d stand to benefit based on my performance rather than based on the feelings and politics of sr partners. FYI, I’ve had offers at other firms but I don’t rly want to go that route—generally, they’re mostly not much better places to work than where I’m at now. + +So, my dilemma is this: should I a) stick it out for 5-6 more years, hit >$10M vested NW and then fatFIRE, or b) leave and start my own fund, jeopardizing my chances of a fatFIRE but doing something I believe in and enjoy more? + My wife and I are in a position to pay off the mortgage. We're both happy to (although we realise it's not necessarily optimal financially). What actually happens when the balance gets to 0? Will the bank get in contact? Should I make contract first? Anything else I should think of? +Hello! + +Just absolutely buzzing, finally got an offer accepted on a small terrace house yesterday! + +Just thought I would share the good news as you lads have been a guiding force in the last year as I properly pushed my cash in the right direction. + +Cheers, + +Roplato +Corsair Gaming (NASDAQ:CRSR): + +• Q1 Non-GAAP EPS of $0.58 beats by $0.25; GAAP EPS of $0.47 beats by $0.18. + +• Revenue of $529.4M (+72% Y/Y) beats by $76.13M. + +• Gaming and creator peripherals sales increased 132% to $175.9M. Gaming components and systems revenue was up 52% to $353.5M. + +• Gross margin was up 480 bps on the year to 30.3%. + +• Adjusted EBITDA was up 197% to $80.4M. + +• The company reduced debt by $28M in the quarter with the outstanding principal now at $299M and net debt at $177.3M. + +• Outlook: Raising net revenue to be in the range of $1.9 billion to $2.1 billion from $1.8 billion to $1.95 billion (consensus: $1.91B); Raising adjusted operating income to be in the range of $235 million to $255 million from $205 million to $220 million; Raising adjusted EBITDA to be in the range of $245 million to $265 million from $215 million to $230 million. + +> “We are thrilled with our first quarter financial performance and strategic progress. End demand remained strong for our products and our new products such as the K65 mini RGB keyboard and Elgato’s new accessories debuted well. We introduced 29 new products in the first quarter and we expect this blistering pace of new product introduction to continue throughout the year with several brand new products still to come. Supplies of key components remain tight but we have been able to support our plans and will continue to work on this issue for the rest of the year. As a result of our stronger-than-expected first quarter performance and our current views for the rest of the year, we raised our 2021 annual guidance,” stated Andy Paul, Chief Executive Officer of Corsair. +Hey - I apologize if this isn’t supposed to be in here but feel like a lot of you would be able to help. + +I’ve had my business for about 5 years and am about to get acquired for 4.5M in cash & a little salary to consult for 2 years. + +I’ve basically reinvested all the money in the business over the years. No retirement accounts or commercial real estate properties, and paid myself a decent salary to pay for living expenses. + +My question to you guys is how/where do I invest this money (after taxes) to set my life up to where I can be comfortable? Is it possible with this type of money? + +I’m 24 and planning to have kids in the next few years. +Referring mostly to property value - I see a lot of houses with the bare minimum (no tiling, no built in wardrobes, lowest spec kitchen) but the price for those houses are on the same level as the ones with fully done up houses? + +The ones with extras look so much better but the price difference just isn’t there. + +This is also assuming you don’t do something weird like paint things all sorts of colours and make a disaster, just keep things neutral. + +It’s probably worth it for me on a personal level, but if I have to give up £10k in return for a negative return then I’d consider missing out and enjoying the £10k. +I feel like this is the elephant in the room that no on talk about when they are calculating srw. I mean there's a good chance we all need some as we age. And these services run tens of thousands a month even for middle range estimates... +Back in January we all heard that the short interest on GME was 72 million shares or 140% of the float. This number was self reported so it was probably higher than that in reality but let’s just ignore that. Back then, we believed the float was around 51 million. + +I have that 140% number engraved in my mind. + +We’ve since learned from GameStop filings that the float is actually only 30 million (26.5 plus the 3.5 million they sold). + +This means that their initial short position of 72 million shares from January is actually 240% of the float. + +TLDR: If you’re like me and keep thinking of 140% SI, you need to add 100% to it. +I’m having trouble finding clear answers to this question online. My husband and I make $110,000 before taxes and retirement funds are taken out and are starting to save for a down payment on a house. We want a house around $300,000. What I can’t figure out is what percent down payment should we be aiming to save for? What are the benefits to having a 20% downpayment long term and short term.. do we save a significant amount of money over the years by putting down 20%? I’ve heard we save a ton of money long term (like over 60,000) by saving for 20%, but I’ve also heard that it’s really only a $100 a month that is saved. I’m confused on this and need some dumbed down advice here 😖 + +Edit: +Our credit scores are both above 750 +# Why GameStop's earnings has to be negative for now: A Strategy in Action. + +TLDR: + +I think GameStop is increasing their CAPX and causing negative EPS currently because they are debt free. Before RC's takeover, GameStop had struggled earnings wise and have been eroding their equities as a way to pay for that . While debt is usually seen as a good thing for a company, when you can't pay your interest expense from your operation cashflow it is a net negative. + +Why do I think that? + +At the corporate level, they currently don't have enough debt in their capital structure to take full advantage of the interest tax shield. Now this was done on purpose in my opinion to allow the company to make certain moves hehehe. + +RC will continuously invest and cause EPS to be negative so that GameStop can build a solid base of tax credit with the government. With the launch of the NFT market place, which presumably has negligible marginal cost as well as extremely high margin for GME, all of these tax credits that we have built with the government will allow GME to report much higher level of earnings from the marketplace thanks to the tax shield. the added on depreciation benefit is taxes is awesome as well. + +Furthermore, because the cost of capital across the market is extremely low, the current analysis for DCF of most companies are largely inflated since the low discount rate will allow cashflow from future years to have a bigger impact on the Net Present Value. RC is a mastermind who understand that the raising of interest rate at the Fed will cause the discount rate for DCF to rise, decreasing the effects of the future cashflow on NPV. By increasing capital expenditure during low interest times which will generate much more cashflow in the future years, RC is able to predict and hedge against such an event. + +This is purely a speculation but we will know when GameStop is ready to turn cash positive when they start reaching out to the market to issue debt. Now this is when my tinfoil hat gets crazy elaborate but usually with Debt there is something called the agency cost of debt. Basically what it means is that as you take on more debt, which is advantageous because of the interest tax shield, the management of the company will not want to make the company much better because a large portion of the gains will be distributed to the debt holder, which is usually a bank or something like that. + +Now, if we still have our tinfoil hat on and we are willing to speculate like crazy, I would say that if I were RC, I would issue debt on their defi exchange through issuance of an NFT that can be fractionalized and sold to the users of the platform. Instead of giving a portion of GME operational gains to the banks who may hold their debt, RC can choose to benefit us (the shareholders) buy giving us an option to buy GME debt on the defi exchange. Also, I am predicting that this would happen after the MOASS since having your money as a debt with the greatest company in the world would be one of the safest ways to keep your money in the market to make you even more money. + +# Why would GameStop issue debt instead of giving dividends or a stock buy-back? + +Most companies either conduct a stock buy back or issue dividends when they are flush with cash. But in the case for GME, I believe that RC will continuously expand GameStop as Amazon has grown their business. And along with the revenue growth will come the need for capital which will come from the shareholders who are willing to invest in the company long-term after the MOASS. + +When a company decides to issue dividends, it is in a way forcing its shareholders to have a taxable event occur when they might not want to do so. This is not democratic at all as there are always arguments on different sides as to how the value can be returned to the shareholders. But in our case with GameStop, we will have an awesome opportunity to have both the equity and debt with the same organization thereby reaping the benefits of both. By carefully curating the proportion of equities to debt issued by the company, one can create an ideal portfolio with a certain level of cashflow and gains on equity which can be altered throughout the years. This to me sounds like a lifecycle retirement fund that can exist solely within the Gamestop econsystem. And with the ability to setup algorithms to shift the mix of equity and debt, one can create an automatic retirement fund that will keep your money safe while generating endless cashflows. + +&#x200B; + +# The past and the future + +Ever since the Great Depression, the American economy has largely shifted to derive much of its value from its financial industry as our nation's labor productivity had fallen and we could not compete against foreign markets. And by moving away from the gold standard and not allowing the redemption of dollars to gold during those years, we were able to solidify our position as the world reserve currency and prop up our economy through our financial services. + +But the financial industry has grown too big and they continue to consolidate under the ruse that their business is capital intensive and that consolidation is the only way to reduce cost for the customers. + +RC is trying to break this negative fly wheel that continues to suck value out of the labor force of the economy and concentrate to the banking institutions by giving regular people, who would never have had this kind of opportunity to control their portfolios, an opportunity to be the bank for GameStop. + +Edit1: I guess Loopring said be your own bank. I even have their counterfactual wallet so how did I get that wrong? because I am wearing a tinfoil hat. + +~~Loopring says be your own wallet. I say no.~~ The People will be the bank of the future. The issuing power and the autonomy that has been robbed from the people will be returned to the rightful owners. + +&#x200B; + +POWER TO THE PLAYERS. +&#x200B; + +>There is no easy way to say this. The portfolio management services industry is in a shambles. No, it's broken! It's a tale of promise belied, hopes shattered. The industry was born on the promise of superior performance -- superior to mutual funds, that is. +> +>But what does the data say? The industry performance has been disgraceful, to say the least! We have given a table hereunder that shows you in crystal clear light, how poorly the industry has performed. +> +>Whether you take three months, year to date, one year and three years. The returns (if one can even call them that) have been worse than putting money under the mattress. All PMS schemes are down on a three-month, year-to-date and one-year basis. Only a couple are marginally positive even on a three-year basis. + +[India's PMS industry delivering abysmal returns! Here is why](https://economictimes.indiatimes.com/markets/stocks/news/indias-pms-industry-delivering-abysmal-returns-here-is-why/articleshow/76028860.cms) +My parents want a new car and have asked me to take out a $35,000 loan with the bank to purchase it. They're buying a house this year and don't want to do anything that would jeopardize their credit score. I don't have any big purchases on the horizon, and they've promised to pay the car notes each month. + +I'm pretty new to personal finance and would like to know if taking out this loan could hurt me financially somehow? + +EDIT: Thank you everyone for weighing in! I know it sounds absurd that I even considered this, but it's nice to hear that my feelings of discomfort with taking out this loan were valid (and don't make me a selfish daughter). Going to implement some of the points you guys raised in the conversation I'll have with my parents about financial boundaries. It's definitely long overdue. Thanks again! +Good Morning Apes! + +Another possible settlement day rolls in today and I will attempt to explain this. + +Last week we where expecting a large price increase and a decent uptick in volume. This price increase came in, but most of it too early ($20 of the $45 gain happened on 11/19) and the volume did not follow suit. + +Why? + +Well it looks like there was some deferred settlement from FINRA due to the holiday + +https://preview.redd.it/iwndgigsfj281.png?width=820&format=png&auto=webp&s=1d27e23426eb92e8e7570054e1e0b987e5e47934 + +[So the settlement date for Reg T was pushed to market open today at the latest or 11\/26+T+2](https://preview.redd.it/m3lt9lq0gj281.png?width=883&format=png&auto=webp&s=bd59e546057feefe3bad235fd3fe3f18785a4e7c) + +Additionally + +* SEA Rule 15c3-3 (reserve deposit) +* Rule 4210(f)(6) + +https://preview.redd.it/ij0iqqgjhj281.png?width=763&format=png&auto=webp&s=da0f9d6bbb1e4259c9ac346aa94ee30db06c09e1 + +* 4210(g)(10)(D) + +https://preview.redd.it/86fh1h34ij281.png?width=785&format=png&auto=webp&s=a92f06e576778abaafcf962997f201558c9bfe01 + +are all moved forward as well. + +With 4210(g)(10)(D) this could make it very difficult to figure out exactly when the margin requirements must be met to satisfy the gamma exposure from Friday's options but the final settlement day is this morning before market open. + +>*\*Remember that they have had T+4 now to cover what they normally have to cover in T+2, meaning expected price improvement and volume could be diluted. With the deferred margin requirements this cycle they could also have additional time to cover any synthetics used during this period. Additionally, they can place large block orders in darkpools at market open and let those orders settle throughout the day so not ripping at market open is a possibility. This is why we frequently see the stock run mid to late afternoon on many of these settlement days.* + +As far as the Futures Roll/Fail I will be looking out past this Wednesday Dec 1st for either + +* An increase in price/volume indicating a roll +* A decrease in price and volume indication a fail + +[More on this in my Book of MOASS DDs](https://preview.redd.it/v2m5wh8qjj281.png?width=2455&format=png&auto=webp&s=cb9fab0a574781d51187f6707518d16f1e6cf47f) + +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 Market + +GME closing out the day with some slight gains but unimpressive volume. I really don;t think there is any more opportunity to see an influx of volume come in but there was some discussion on stream as to the extent of the settlement deferrals. The question is, do they get an additional settlement period on top of the deferred settlement period? For example... + +[I can't seem to find any information so far on how this deferment plays out. Does the Reg T from the 19th get moved to the 24th and then moved again because the 24th is deferred as well?](https://preview.redd.it/at0kkfvonl281.png?width=1672&format=png&auto=webp&s=2f3dce671d45c72a6e4f3a70806687d9ba5c9117) + +If anybody finds anything on this reach out and please let me know. Thank you all so much for tuning in. + +\- Gherkinit + +https://preview.redd.it/k1n9gvj4ol281.png?width=699&format=png&auto=webp&s=f3b2d766b3e9faef6a5e650b6e61334977ebdf59 + +Edit 5 2:07 + +Failed to sustain volume for the second test @ 207.50, slumping back down, right now it doesn't look like the settlement date is having much of an effect. We can still see volume into the end of the day or they have covered using that extended window provided by FINRA to dilute the remaining volume and volatility. + +https://preview.redd.it/6rtnllwo2l281.png?width=1616&format=png&auto=webp&s=788e8bc9f8be74b6592e64b1160fb8439d94104e + +Edit 4 1:04 + +12:69 incoming if we are gonna see dark pools dumping we should see it from here forward. Technicals look good for inverse H&S breakout. + +https://preview.redd.it/n3sx10hdrk281.png?width=1619&format=png&auto=webp&s=fb80def5a07ce6da60db28420ed03a2f2ec54b8d + +Edit 3 12:24 + +Climbing back up just broke through VWAP looking like another test of 207.50 is incoming + +https://preview.redd.it/r5uyl8x7kk281.png?width=1622&format=png&auto=webp&s=0c44882f1df320c39cd26792f08be134f48f501b + +Edit 2 11:18 + +Going into the midday chop trading at 202.xx, Failed two tests of the 207.50 resistance earlier. We could see darkpool Volume come in after lunch a little later this afternoon. + +https://preview.redd.it/ouqfea5i8k281.png?width=1621&format=png&auto=webp&s=4a9eb43440a039fd74a2a5d23225435233d48bd2 + +Edit 1 10:00 + +Ran up into open, the bid/ask is very wide right now hitting 1.50-3.00 ATM meaning we are gapping up and down all over the place. So low volume, high volatility. + +https://preview.redd.it/7ayh720euj281.png?width=1633&format=png&auto=webp&s=48b4b4c4bb457c5cbe61346483d47f98e7627d46 + +# Pre-market Analysis + +The massive number of shares borrowed before market close and illegally used to "bang the close" appear to have been returned. As far as market open goes the SPY is recovering a bit and GME is up 2% in the premarket on 20k Volume. + +We also have a gap to fill up to 212. + +Shares to Borrow - + +IBKR - 350,000 @ 0.6% + +Fidelity - 1,663,134 @.75% + +[GME 1m pre-market](https://preview.redd.it/vlmyaudzkj281.png?width=1610&format=png&auto=webp&s=67d737eaced6ec7a109ad378e8500e76e457dddc) + +Arbitrage starting to diverge a bit in the pre-market + +[CV\_VWAP ](https://preview.redd.it/k2it1uyclj281.png?width=2450&format=png&auto=webp&s=a70f312b2bc2dd8a574f2d0670057f24122dade6) + +**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/) +* Valuation as public company could be double last funding round +* Workplace chat company plans unusual direct listing next week + +source: Bloomberg [https://bloom.bg/2WDJ3Nm](https://bloom.bg/2WDJ3Nm) +The yield curve + +At the point of closing on Friday, the US treasury bond yield curve is slightly inverted between the 7 and 10, besides the slight inversion the yield curve is generally extremely flat pointing at a high probability for a weak economy in the future if not a recession. The yield curve flattening started already last year but became recently only flatter. The yield curve inversion is known to be a very accurate predictor of recessions. +https://www.ustreasuryyieldcurve.com/ + + +The eurodollar futures curve + +The eurodollar futures curve, which is a bet on the 3 months libor, started inverting already early last December and is currently inverted from the Dec. 2023 contract. The inversion is only becoming deeper in the later contracts and suggests that there is a high probability that the economic situation in the near future will be such, that the FED will be forced to stop hiking rates, or even has to lower the rates again. The eurodollar futures curve is also an accurate indicator for recessions and predicted the reaction of the Fed for the GFC as well as March 2020 +https://www.cmegroup.com/markets/interest-rates/stirs/eurodollar.quotes.html + + +The rising dollar + +Since the lows about one year ago, the US dollar is rising rapidly on the DXY. It is already very close to multi year highs and if it keeps it's momentum we could see levels not seen since 20 years. A rising dollar suggests an illiquid dollar shortage situation which isn't any good for the economy. +https://www.marketwatch.com/investing/index/dxy/charts + +The rising oil price + +I think this one doesn't need much explanation, but if the oil price it too high it will damage the economy because it will squeeze out the budget of the people causing to less economic activity for anything else. A quickly rising oil price is associated with recessions and this time the oil price is definitely rising very quickly. +https://oilprice.com/oil-price-charts/ + + +High CPI prints + +Similar to high oil prices, if the CPI rises quickly without similarly high rising wages across all income classes, the people will be squeezed out in their spending for other stuff and services, which is bad for the economy. +https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm + +I think that's not even everything, but at least an overview of important and usually very accurate indicators pointing towards a recession. It's also very interesting, that all the above mentioned indicators were pointing in to the bad direction far before Russia started the war and the west reacted with sanctions, implying that the situation was developing badly independently from the war. Obviously the war on the top makes things only worse. + + What's your take on this data? + + +EDIT: I feel like there is some confusion in the comments, I'm not talking about the stock market, but about an economic recession. The question whether a recession will cause a bear or a bull market is a different one on which I didn't comment at all. +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. +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! + +Some of you probably looked at that last section in Amendment to Increase Authorized Shares section in the proxy materials and got scared. + +But nay…I say this is BULLISH AF! + +To be clear, here’s the section I’m talking about: + +&#x200B; + +https://preview.redd.it/jv8k7tf340t81.png?width=975&format=png&auto=webp&s=7724a2bf91d122c9634d0a6ed88f366fa9dba14e + + + +They reserve the right to not proceed with a stock split at all, even if the motion is approved and they increase the number of authorized shares. Despite the fact they state the split is the primary purpose for the increase: + +&#x200B; + +https://preview.redd.it/c1zmg8n440t81.png?width=975&format=png&auto=webp&s=c6342368a4544413b94a0064e83b8c89eb436aca + + + +They say they are doing it *specifically for this purpose*. + +So why the hell would they decide not to? Is this just CYA legal language? Maybe. I don’t think so though. + +I think… + +**They want to make sure they’re ready.** + +While they may need shareholder input to increase the number of authorized shares, they *don’t* need it to undergo a stock split. They can do that whenever they want, and I think the moves are already planned out. + +# This Really Could be the NFT Divvy We’ve Been Waiting For + +RC is getting really close to checkmate in his 69D game of chess, but there are a few more moves he needs to make. He doesn’t need this to be just any old stock split. People are buying, price be damned, and liquidity is not an issue. This stock’s float churns every week. Any allusion to price being an issue is a cover. + +**He needs this to be the end game. He needs this to be MOASS.** + +He needs this next stock dividend to come paired as a “unit” with some brand spankin new shares in GameStop’s spinoff, GME Entertainment/Gmerica, in crypto format. + +To do so, he needs to make sure it is done right, and most importantly, he needs to come across as an absolute gentleman, one who *plays by the rules*. This means they would need to: + +1. **Launch GameStop Wallet** – they need this to control the distribution (can’t rely on people having or even knowing what a wallet is) +2. **Provide wallet setup instructions**– they will provide public instructions to set one up, acknowledging that they’re working with brokers and providing them with templated communications to send to all GME holders +3. **Acknowledge purpose** – they will specifically state that this wallet is important because it will be used to facilitate the delivery of a crypto-based security, essential for their Web3 platform +4. **Provide advance notice** – they will do this well in advance, so it cannot be seen as a surprise, or a malicious move designed to hurt short sellers + +MOASS won’t be a surprise. We’ll see it coming from a fucking mile away. + +This is everything Patrick Byrne at Overstock didn’t get quite right. Ryan Cohen paid attention though and knows how to make this bulletproof, because he’s a fucking legend. + +**And oh yea, make sure to DRS so you are guaranteed to get those spinoff shares.** + +**TLDR:** GameStop said they may not issue undergo the stock split even if we vote YES on the authorized share increase. Why’s that? I think because they’re waiting to make sure they can do it via NFT. Hedgies r fuk. Buy. DRS. Hold. Vote. Hodl. +Made a post earlier today telling you this was set to happen today. Russia defaulted on a $100m bond payment officially. The country owns $40 billion in offshore bonds that are now in default. Pain will be in the market tomorrow. + + +[link to article with better info](https://www.bbc.com/news/business-61929926.amp) +I know APIs like Alpaca can keep track of an individual's account, allowing the individual to use commands to see account balance, order history, etc. Is there a way for me to create multiple accounts (on any API) or do I have to generate separate API keys? + +For more context, I'm looking to create a paper trading app of my own and want to know if there is a way to hold account balances for my users without having to calculate everything within my own database. If you think there would be better subs to ask this, please let me know! +in 2008, we had the fed drop interest rates, but what happens now if we lost 40%? I think this is why i'm so freaked out now and why considering going all cash +Hey guys, +First of all, I want to thank every single person that interacted with my last post https://www.reddit.com/r/UKPersonalFinance/comments/72433b/i_fcked_up_so_bad/. Apart from one or two animal hating folk. + +So, I took pretty much everyone's advice and wanted to give you all a quick update on my situation. + +- I've applied for over 100 jobs over the last few days. Have scheduled 7 interviews over the next week or so. If they all fail, a recruitment agency has promised me temp work to tide me over. + +- I used http://entitledto.co.uk/ and found out what benefits I was entitled to. Had a reassessment on my tax credits, they've agreed to provide benefits until I have a job and will be reassessed on that wage. I just out right called them, opened a vein and bled down the phone. + +- I called my landlord and explained the situation. We've lived here for two years now, caused no issues and is willing to let me miss this month's rent as long as I get a job and sign a new 12 month contract by the end of October. (Fine by me, we weren't planning on moving until we saved up for our own house which is at least 45 years from now.) + +- My council tax is now spread over 12 months not 10, reducing my bill each month. They've allowed me to defer next month, which has pretty much made it the same cost but it helps a lot. + +- My gas and electric is really high, I called them and they said I set the direct debit up so long ago I was in credit by several hundred pounds. They will cancel the DD and I won't pay again until next year. + +- All debt has been reduced to minimum payments for the time being. Reducing my outgoing debt to £121 a month rather than £427. + +- Money on the weekly food delivery from Tesco has been cut in half. We've set a food plan to bulk make meals. We're vegan and are utilising the local greengrocers rather than Tesco. + +- We tried my son on a bottle of expressed breast milk again. Not only did he take it for the first time ever but has continued to take it from me for the last 4 feeds. Not only can my wife now apply for work also but I've never bonded with him more since he was born in January. She has an interview for a part time jobs as a receptionist on Monday. + +- My wife has said she'd contact ACAS regarding her previous employer. + +- My cat, Buddy, is still in the vets. He's recovering and should survive. The vets have also agreed to do a direct payment to my insurance so I don't have to front the cost saving me now £850, increased following another nights stay and an ultrasound) + +- I went to the doctors and they've prescribed me beta blockers to deal with the stress and anxiety. + +Basically, I'm still up shit creek and need to find a job asap but god damn has the pressure been relieved for now. I no longer feel like I'm suffocating. I have 4 weeks to find a new job and not 4 days. Which I think I will achieve. + +It's the first time I've ever really reached out to anyone other than immediate family, Everyone's help has given me a clearer perspective, a chance to re-evaluate my situation. When not focusing on my internal suffering it has given me the chance today to focus on externally what really matters; I had the chance to appreciate the drawing my eldest son did for me at nursery tpday, the first tooth that broke out on my little baby boy last week and how beautiful my wife gets with each day. + +So I just want to thank each and everyone of you that helped. I'll make sure to pass it on. +Early 30's and will max out about $44k (457, 403b, IRA) each year into retirement accounts for the next 20 years. I plan to work for another 20 years until I'm in my 50's. If I have a pension that I can start withdrawing from at age 55 with penalty ($28k) or if I wait until I'm 63 (full pension $56k), how will that change my FI magic number? Will I be overdoing it? I plan to live a life between lean and fatFIRE. +I'm not sure how prudent making American political posts in this subreddit is. BUT, I had a chance to listen to Andrew live in Cleveland this weekend. I even got a chance to ask him a question during the Q&A section. I explained that some of his ideas sound like crypto or at least would benefit from the blockchain and asked him what he thought about cryptocurrencies in general. + +He went on to explain blockchain to the crowd (pretty articulate) and asked them to imagine being able to vote from your phone with no worries about hacking etc. He seemed to see the writing on the wall as far as the future of crypto and really understood it. He didn't offer any thoughts on regulation or anything in depth but I was pleasantly surprised. + +Are there any other candidates out there that sound excited for the blockchain revolution let alone being able to explain what it is? 👀 +I took [a large(er) position in Ethereum](https://www.reddit.com/r/ethtrader/comments/5uv5q4/trading_the_flippening/) one-year ago today. From 13 USD to 942 USD. One of the best speculators on the sub. Believe that. + + + +Stay HODL my friends. +#Edit 5: + +I've decided to remove the text in this post for now because the last thing I want to do is mislead anyone. I've made other edits stating not to get too excited. + +So far, nobody's been able to find anything to verify that there were ever any options for September 17. Even the waybackmachine shows there wasn't. + +So, for now at least, I recommend everyone take it for a grain of salt and consider it to be nothing.. Just to err on the side of caution and not get anyone's hopes up. (Too late 😞) + +I'm still not sure what the heck is going on with that. I'm looking into it, but my best guess is I may have been mistaken and have been looking at AMC's option chains. If so.. Good God I'm retarded. + +No idea why Fidelity shows that date for September 17 then.. Others have suggested it may be opening up to options soon. I just don't know. + +Well, I slept, I watched GME for hours on end, and did a bit of research. Found nothing. 💩 I'll keep trying to make some sense of this while I eat. If I find out anything definitive, I'll update this post again. + +And thanks everyone for all the support and coming together to help figure this out. I'm very sorry if this turns out to be nothing but my own insanity. (But seriously though.. Why the HELL does Fidelity have that date?!) +Normally, Kenny would just kick the can down the road, but he didn't. He can't. DCT 005 stopped him. He now has 43 million uncollateralized short positions (just from Friday alone) that will pop-up on his books come Monday. Remember that NSCC 002 created Auto-Marge, so unless the drop to $165 was enough to bring his debt/equity ratio down far enough for Marge, Monday is going to suck... for him or us, I don't know. + +I still haven't been able to find anyone who knows for sure. Lots of speculation and guesses. Will he dig himself deeper and short the shit out of GME on Monday, or will Auto-Marge come in like the terminator and give him one hour to live. + +Thank god the weekend is over. +My bank said they can offer me a loan against my investments at just 0.75% (no other fees associated with it). + +If I am living on a drawdown level of say ~3% of my investments, would it make more sense to just take the money out as a loan, as this is then tax free money vs if I sold some investments, and my investments should go up more than this 0.75%, so (in theory) it's free money as my investments should grow more than the interest charge. And in this situation 3% would be 6 figures, so the tax savings on this would be sizable? + +The downsides to this that I can see is risk, if there is fall in the markets I could get margin called, but as long as I keep a very low gearing (less than 40%) I "should" be fine (the market would have to fall 50% for them to ask me to put more money in). + +Also risk of interest rates rising, but, I don't think we are going to jump from 0.1% to 3% in less than a year at all, so if the interest rates do start creeping up I can always start to pay down any loan balances. + +Anything else I have missed? What would you do?? +Good morning everyone, it’s hump day. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Main Watchlist** + +* Gapping UP: TMDX, BEAM, AGC, HYLN, HIMX, BB +* Gapping DOWN: MARA, RIOT, TCEHY, RMO, LI, IQ + +**Momentum Watchlist** + +1. SOS (+33%): Couldn't find a relevant catalyst, but it was getting a lot of attention on social media yesterday. Seeing strong volume and price action in premarket. Be cautious, as it could get over-extended, especially with Bitcoin showing some weakness this morning. Possible support around the 5.85 level. +2. TMDI (+31%): Up after given $4 price target, as well as a US patent related to robotic surgery. Seeing strong volume and price action in premarket, I'll be watching to see if the momentum continues. Possible premarket support near 2.10. +3. ASTC (+27%): Up after announcing agreement with Cleveland Clinic for breath analysis study to develop a rapid COVID breath test. Seeing good volume and price action at the moment, I'll be watching to see if the momentum continues. +4. XL (+8%): Up on news of "electrifying" Apex Clean Energy pickup fleet. Seeing great price action on decent volume in premarket, with possible support around the 8.80 level. +5. OUST (+9%): Up after a price target announcement of $17 from Citigroup. Seeing good price action in premarket, but I'll want to see volume pick up a bit more. Premarket support down near the 8.20 level. +6. ISIG (+12%): Couldn't find a relevant catalyst. Seeing decent price action in premarket, but I'll want to see volume pick up a bit. Possible premarket support around the 6.92-6.94 area. + +**Market Outlook** + +The market is looking to open a bit lower this morning. SPY is trading a bit below 406, and indecision could cause things to get a bit choppy this morning. Bitcoin continues to pull back, and is currently trading around 56,500. As a result, Bitcoin-related stocks are getting whacked in premarket, but I'll still be following them today and the rest of the week. EV stocks are mixed in premarket, but I'll be keeping an eye on them because we've seen numerous catalysts for these stocks over the past couple weeks. Marijuana stocks are trading slightly lower in premarket, but I'll be keeping an eye on them, as we could see more positive catalysts in the near future. Gold and silver are both down at the moment, while crude oil is up. Today is going to be a cautious day for me, as there is some indecision in the market at the moment. There is nothing wrong with sitting on the sidelines for the day if there aren't any great trading opportunities. I'll be patient and picky with the setups that I choose to trade. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +A number of very high profile bitcoin companies publicly supported the Segwit2X hard fork. + +As we have just learned, had the HF occurred, the entire Segwit2X network would have frozen; probably causing a significant price crash. + +This is the network that CEOs were telling everyone to run. This is the network that NYA companies had fired up AWS nodes for. This is the network that was running non-consensus software that had fallen well behind the current core version, running code that was not in compliance of the most basic standards of safe secure software engineering practices. This is the network these CEO's falsely claimed was a 'safe upgrade' for bitcoin. + +The existing chain would have still continued to function in this case, but it would have still been very bad reputationally. + +Those of us who fought against the S2X hard fork were called trolls, brainwashed, paid shills, and worse. We suffered through endless online attacks while we tried to make the clear, cogent, rational, argument that any agreement which didn't include the core developers was meaningless. + +It is not enough that these companies dropped out of the agreement when they realized it was going to fail in the marketplace anyway; they were prepared to drive the network off a cliff up until the last moment. + +They never should have gone along with it in the first place without technical leadership and competence behind it; without the support of the core devs and without professional software engineering practices. + +The mistakes they made are profound and, if they don't learn anything from it, they are destined to repeat them. + +Some have spun conspiracy theories, but I'm willing to chalk it up to technical incompetence and naivete. Most of these CEOs are business people not software engineers and lack the background or experience to know the degree of process that is required to mitigate risk. + +I believe the CEO of every NYA company that was willing and ready to move forward with Jeff Garziks' buggy code which would have caused major market disruption as he tried to spit out a hard fork fix, needs to seriously reflect on their decision. It was bad enough that S2X didn't have replay protection; which all NYA participants should have adamantly insisted upon. + +* Issue an apology. A real apology. One acknowledging their mistake in cutting out the core devs, failing to actually test the software, and putting the entire network at fatal risk. +* Promise to never do it again. Recognize that no consensus can be reached without the support of the technical community as well as those who actively support the network in terms of running full nodes and being deeply informed about the technical merits of changes. +* Commit that they will never support any change to the bitcoin network which has not undergone extensive peer review and testing. To never rush a change, unless 100% absolutely necessary in the form of an emergency fix and, even then, to be remarkably careful.