diff --git "a/reddit_finance_43_250k_243.txt" "b/reddit_finance_43_250k_243.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_243.txt" @@ -0,0 +1,10000 @@ +If a post or comment is breaking Superstonk’s rules, make sure to select that, and you’ll be taken to the list of our sub rules where you can then make your report. + +https://preview.redd.it/hp78280zrb8a1.png?width=399&format=png&auto=webp&s=3ba9ed565f5658e28e231fbf3bfbe28d3f7cb382 + +**Okay, Recap’s over… Moving on.** + +# Where Superstonk Stands Right Now + +**At this time, we have no reason to believe that Superstonk is at risk for being shut down**. + +As a moderation team, we are doing everything we can to protect Superstonk. We are not planning on going anywhere and hope that this sub will still exist long past MOASS. As long as this community is ensuring diligence with adhering to Reddit’s rules, specifically with brigading / community interference concerns, there should be no cause for concern. All of the steps listed below are to ensure Superstonk is protected and that the sub does not go anywhere. + +Steps we are taking: + +* We’re engaging directly with Radmins to discuss rules and make sure we are in compliance. In transparency, much of the concerns we have raised have gone unanswered to date, but we’re continuing to engage in good faith. +* We’ve updated our rules to address screenshots: + * Reddit Screenshots cannot have Usernames, Avatars, and/or Subreddit names visible + * If you're posting a screenshot from Reddit, please make sure you can't see any Usernames, Snoos (Avatars), or Subreddit names. + * If it's a screenshot from our Subreddit, you may link to the original comment to give the user credit. +* We’re ensuring content and users that break brigading rules are swiftly given corrective action. +* We will be enforcing stricter moderation surrounding meta content, specifically meta content about Reddit, Reddit Admins, or other subs. + +We’re respectfully asking this community to please stop with these types of meta posts, especially those about other subs or users outside of Superstonk. These meta posts and discussions are not helping. They are part of the problem, and if they continue, they are adding to the potential for instability in this platform. Please refocus and ensure content being posted to Superstonk is GME focused. This is a warning that we will be taking action on meta content to protect the sub. Limiting meta content is a direction previously given by Reddit admins due to past community interference issues. + +**WHAT IS A META POST?** + +Meta Posts / Meta Memes are not about the subject of this subreddit (GameStop) but instead are about the subreddit, the users, Reddit, or other subs and their users. + +https://preview.redd.it/dvkwhn0ymb8a1.jpg?width=1070&format=pjpg&auto=webp&s=940b5338a356a0b7e7b846602be29b64806c4775 + +# Additional Points + +**User Approvals** + +We may start increasing our approvals somewhere in the next few weeks, primarily for users that are already contributing here and already meet our karma and age requirements but that haven’t been approved yet (because they don’t need to since they’re already able to comment and post). + +In the past, we’ve approved apes that did not meet those requirements to allow them to still participate in the community, but we’ve never gotten around to approving those who were already able to comment and post here. We don’t see anything changing in terms of an increased number of posts or comments, since again: these are people that are already on the sub posting and commenting, but still wanted to give a heads up to the community. + +Should there ever be an instance of the sub being made private, these approvals will ensure that we don’t leave any current contributors behind. Additionally, should this situation arise, we now have the ability to set karma limits to ‘Superstonk’ karma rather than just Reddit karma. + +***Please note, at this time we are not considering going private; we are just taking this measure as a precaution.*** + +&#x200B; + +**Superstonk Discord** + +We thought that might be a good time to remind you that Superstonk not only exists as a subreddit, but that we also have a [discord](https://discord.com/invite/Superstonk). + +Prior to the creation of the discord, whenever Reddit experienced issues, we’d meet in the comment section of the Gangnam Style YouTube video. There’s really no need to do this anymore now that we have the [Superstonk Discord](https://discord.com/invite/Superstonk) and we encourage everyone to use this as our fallback to meet should there ever be issues with Reddit.For those out of the loop, Discord is a voice, video, and text chat app used by friend groups and communities. The Supertonk Discord server is only using the text features, so it’s basically a bunch of categorized group chats full of apes. + +For those concerned about other subs Discords that were banned in the past, that was due to repeated abuse of hate speech in that server. Our community is above such things as we are too busy focusing on DD and memes. + +As a team, we think the worst thing this community could do during a crisis situation is to migrate to the comment section of a Youtube video (or an unproven platform) where we don’t know how stable it is to support a community such as this one. These platforms could be potentially run by people who haven’t proven their capacity to run such a complex operation, let alone in a time of turmoil. Comment sections can be shut off at any time. Additionally, in an unmoderated space, there’s plenty of room for bots / bad actors trying to sway a narrative. + +*Please note, the same rules on our sub also apply to the discord. Topics not allowed on the sub are also not allowed on the discord.* + +https://preview.redd.it/e3ug5tdmnb8a1.jpg?width=1200&format=pjpg&auto=webp&s=487b9830f031a30e2d8afc892fc510065401bebf + +# TL;DRS + +* **At this time, we have no reason to believe that Superstonk is at risk for being shut down**. +* Please understand and comply with Brigading rules (in spirit, intent and to the letter) in order to prevent further issues for this sub. +* If you’ve been temporarily banned by Reddit and you feel it was unwarranted, please [appeal here](https://www.reddit.com/appeals) but do so respectfully. +* Please stop with the meta reddit memes, they’re not helping and potentially putting the sub at risk for further scrutiny from admins. +* We’re actively working to keep this place safe with the best of intentions. Have a question or concern? Raise it here in the comments. + +**We love Reddit and we’re always striving to make it better. We want to continue our relationship with Reddit for as long as possible. Reddit is our home, and we’ll do whatever it takes to stay here.** + +**Thank you for sticking with us through these new rule changes and restrictions. Thank you for doing your part to keep this community protected. Thank you for your patience. Thank you for your understanding.** + +**Thank you for being the best community on Reddit.** +I PAID OFF MY STUDENT LOANS TODAY AFTER ONLY TWO YEARS!!! + +I was raised in extreme poverty (by USA standards,) had dead-end jobs, no GED- let alone a HS diploma, and tens of thousands in medical debt from a condition that didn't get diagnosed until my 20's. + +Fast forward 10 years, I have a college degree, a solid career, am about to apply for graduate school- AND: am totally debt free today! + +Bullet points: +\- Got my GED in 2011, used it to get into community college in 2013. Had to take out tons of loans, but luckily being poor means you get hella grants. Worked literally 9 jobs at one point (many gig work or work-study) to make ends meet and not drown. +\-Transferred to a state university, graduated 2018 and took a teaching fellowship at a high-end boarding school and have worked there since. +\-This is THE biggest reason we were able to save enough to not only pay off all of our debts (combined about $90K) in two years, but we will also be able to leave with over $30K combined in savings. My employer gives us totally free housing and utilities, and when school is in session- at least, pre-COVID- we get free meals as well. +\-Because of this, my spouse and I were able to dump all of our money into a new-to-us sensible car, pay off all debts, clear my student loans, and will still be able to save over the next year before I leave this job for graduate school. + +I recognize my situation is pretty unique and certainly doesn't have transferrable advice for most people, but I just wanted to share this somewhere. I honestly never, ever, thought that this could be my situation. The last decade of scrimping and saving and frugality and busting my ass saying yes to everything finally feels worth it. Most of all, I've finally broken the poverty cycle in my family. Thanks for reading. + +. +By pure luck I bought some CNQ and CVE back in Nov 2021 which has offset my losses of holding AMZN. + +What are your educated estimates on how the energy (oil & gas) companies will fare? Are there drivers for oil and natural gas to go even higher? Or maybe factors to make oil fall back to $80 per barrel (which will cause energy stock prices to fall accordingly)? + +Looking for serious replies. Thanks. +Nano is legitimately the ultimate cryptoCURRENCY. When I was researching what cryptocurrency to buy, I decided I wanted a crypto that had the best balance possible of the following attributes: + +**1. Decentralization** \- Censorship resistance is the most important aspect of cryptocurrency + +**2. Environmentally friendly** \- Consume minimal wasteful energy + +**3. Scalable** \- More TPS = better + +**4. Fairly distributed** \- This is important to prevent creators from dumping on the buyers + +**5. Fast** \- Faster transactions are more convenient than slow transactions. + +**6. Low transfer fees** \- Cheaper fees to send = better + +**7. Low inflation** \- Inflation devalues existing coins and creates potential sell pressure. It also incentivizes spending which is bad for the environment. + +&#x200B; + +Below is a description of Nano in regards to the above attributes: + +**1.Decentralization** + +Nano has hundreds of nodes. The below image shows the decentralization of the bitcoin mining pools. + +https://preview.redd.it/oanw3jskzrp81.jpg?width=715&format=pjpg&auto=webp&s=dcf0c42ba2ca00dfc9c4bbb34d2e31dbb0e10eb4 + +And this image shows the Nakomoto coefficient of Nano. + +https://preview.redd.it/4smhpo0mzrp81.jpg?width=605&format=pjpg&auto=webp&s=715bae19f06a67ed9fd2af2fec4d61a11e66402c + +**2.Environmentally friendly** + +Nano is as environmentally friendly as they come. Nano does not have mining. Below is a visualization of Nano’s power consumption compared to Bitcoins. + +https://preview.redd.it/mpxrlc0ozrp81.png?width=1155&format=png&auto=webp&s=ad3981cde3af2df12ffc726fef8ccbae4100322a + +**3.Scalable** + +Nano does not have a hardwired limit on scalability (aka transactions per second). Instead, Nano’s transactions per second are limited by hardware and bandwidth. + +**4.Fairly distributed** + +[Nano’s distribution](https://blog.nano.org/the-nano-faucet-c99e18ae1202) was not perfect, but it was very close. 95% of the Nano supply was given away for free for solving captchas. Approximately 5% was reserved for the development of Nano. It is estimated that about .2% of the Nano supply is still in the development fund. It is extremely important to have a fair distribution. Without a fair distribution, founders of cryptocurrencies could rug pull and sell the tokens they own, thus crashing the price. This image shows just how much better Nano’s distribution is than most cryptocurrencies: + +https://preview.redd.it/4ehzhfbpzrp81.jpg?width=761&format=pjpg&auto=webp&s=8585f04432c7e1a48b63f720975a3d33b64a1f0f + +**5.Fast** + +Nano transactions reach **finality** in about .3 seconds! This is incredible. If you deposit Nano to an exchange, most exchanges will let you instantly trade and withdraw the funds. This is unlike a lot of cryptocurrencies which pretend to be instant, but exchanges know they can’t trust the funds until x confirmations, which takes anywhere from seconds, to minutes, to hours, depending on the currency. + +**6.Low transfer fees** + +Nano is feeless! Here is a visualization that compares Nano’s fees to other coins. + +https://preview.redd.it/g7bo24fwzrp81.jpg?width=1920&format=pjpg&auto=webp&s=a65ae739b57073df57048b745636d92f292b85a6 + +**7.Low inflation** + +Nano has no inflation. This is phenomenal. Unlike most PoW and PoS coins which constantly have new coins getting minted, no new Nano will ever be minted. This is phenomenal because at $40K per Bitcoin, $36 million dollars in Bitcoin is minted every single day. A lot of this Bitcoin has to be sold to pay for mining costs. This is constant sell pressure on Bitcoin’s price which Nano does not have! + +Below is an image that compares Nano’s inflation (and other features) to other coins. + +https://preview.redd.it/gm9nxhcyzrp81.jpg?width=2047&format=pjpg&auto=webp&s=fd42a4aa9243c8f711eaa31c70f5c0e73365323b + +One complaint I have heard about Nano is that it does not have smart contracts. This was an intentional design feature of Nano. By being simple, Nano is able to have faster transactions and less chance of exploitation (to this day, Nano has never had a double spend). I also personally believe decentralized finance is the number 1 use case of crypto (it is Bitcoin’s sole use case), and Nano does it better than any other cryptocurrency. + +**Here is a video showcasing Nano:** + +[Nano in the Real World: Lightning Fast | No Fees | Global Payments](https://www.youtube.com/watch?v=WR9U32u8ulE) + +**Disclaimer:** + +I did my best to post accurate information. If I made any errors, please let me know. This is not investment advice. + +**Edit 1:** + +One of the main concerns people posted is that since Nano is feeless, people are not incentivized to run nodes. This is incorrect. Bitcoin has mining fees and miners are paid to mine bitcoin. However, Bitcoin also has nodes and Bitcoin node operators are paid no fees (they get none of the mining reward). Yet, thousands of Bitcoin nodes are run by people to verify the ledger. Nano nodes, like Bitcoin nodes, also verify the ledger. Since running a node is a way to verify your holdings, businesses and people are incentivized to run them. Just like with Bitcoin, finding enough people to run nodes has been a non-issue for Nano. + +**Edit 2:** + +For those of you who are interested in Nano and want to find out more, the following articles are fantastic reads about Nano: + +[Why Nano is the ultimate store of value and reserve currency](https://senatusspqr.medium.com/why-nano-is-the-ultimate-store-of-value-and-reserve-currency-3b0318844bc8) + +[Creating the theoretical best possible money (analyzing Elon Musk’s thinking in Lex Fridman’s podcast)](https://senatusspqr.medium.com/creating-the-theoretical-best-possible-money-analyzing-elon-musks-thinking-in-lex-fridman-s-149c6acdafe6) + +[The risks of staking for the long-term crypto environment](https://senatusspqr.medium.com/why-staking-is-a-actually-a-bad-idea-aec4ffa71ad2) + +[Why 99% of cryptocurrencies centralize over time (and how it might affect your investment)](https://senatusspqr.medium.com/why-99-of-cryptocurrencies-centralize-over-time-and-how-it-might-affect-your-investment-6623936b664) + +[The basics of Nano — why it’s such an exciting crypto](https://senatusspqr.medium.com/the-basics-of-nano-why-its-such-an-exciting-crypto-577b69665a9a) + +[The vision of Nano — an instant, feeless and green crypto](https://senatusspqr.medium.com/the-vision-of-nano-an-instant-feeless-and-green-crypto-b08ebf25d325) + +Another thing I want to discuss is Bitgrail, which has come up in the posts below. When Nano started out, one of the first exchanges to list it was Bitgrail. Bitgrail ended up being a corrupt operation as the founder stole a lot of people’s Nano. This had nothing to do with Nano as a currency. However, it happened right after Nano’s initial growth, and many argue crashed Nano’s price as Bitgrail was the main exchange Nano was traded on. I believe that even though Nano had the unfortunate event of being first listed on a corrupt exchange, Nano fundamentals are now better than ever. Remember, after the dotcom bust, Amazon stock was trading very cheaply, but by all other metrics Amazon was doing better than ever. +Intellectually, I know that my crypto going up is inherently a good thing. The vast majority of my portfolio is BTC and ETH, so this should be nothing but a good time for me. Pop the champagne! + +However, I have to admit I get nervous when it happens. I start to worry that I missed the boat in terms of putting money into it. It will never be low again. I should have put more money into it when I had the chance, etc. + +Again, I know in my head that as long as I DCA and believe in the projects, I'll be fine and I should celebrate when my coins go up, but I can't help getting this feeling when we hit the ATHs. + +I also get worried a big crash is coming when we hit ATHs, but I think that's just me being crazy. +Here are the articles I’m referring to. There were plenty more. I think lots of people must be thinking they will be receiving payments when they aren’t. And you don’t receive the difference either, the offset just reduces your tax bill (if you have one) to $0. + +Quote from ABC article: +"So the LMITO will be no different — if you owe the ATO money and are entitled to the new $1,080 offset, that entitlement will firstly be applied against your existing ATO debt before you get the rest." + +But you don’t get the rest! Why has this been so poorly communicated? + +https://www.google.com.au/amp/s/amp.theaustralian.com.au/breaking-news/low-and-middle-income-tax-offset-worth-1080-beginning-to-be-paid/news-story/3ff584427363eb0baea123580d858723 + +https://www.google.com.au/amp/amp.abc.net.au/article/11281634 +I have about 1 lakh rupees lying around, and was considering investing it in a P2P lending platform. They offer significantly higher returns than markets (around 24% per annum). The only risk seems to be when the borrower defaults, then the lender has to go to the courts for contract enforcement. + +&#x200B; + +What do you guys think? The returns seem extremely attractive. +Where can I get information to predict which option’s return on investment will be better for me in the long run? + +Factors I’m taking into consideration: +-I need a new roof now, and I could bundle that with a solar system and save +-Buying a solar system upfront would cost about a third of my Fidelity investments +Current Eversource electric bill ranges from $70-300 per month: Electric rates have been going way up and I don’t know if they will continue to rise + +What else should I be considering? +Hi everyone, + +My girlfriend is set on buying a “new” car. She is on her third vehicle in a few years. She drives a 2018 Volvo SUV and she pays around $1000 with insurance per month on the car. She is trying to reduce her payments by selling the car and buying a used 2014 or earlier luxury car with over 75k miles on it. It would probably be some sort of SUV. This seems like financial suicide to me. How do I explain to her that this isn’t what fiscally responsible looks like? +I think there is a survivorship bias issue with the stories we hear. "I made a killing on crypto", "I've picked stocks and made thousands", "I've beaten indexes handily with my RE investments", or "I've become FIRE using options trading". But we don't hear from those who have lost making bets and consequently affected their FIRE plans. I think it would be helpful for all to read that there are smart people out there that have lost money doing some of those things...so there is not only upside associated with them. Care to share your story? +So most if not all gyms require to give them your routing and account number for the monthly fee. That’s some BS. I don’t like giving any company express power to reach into my pocket. + +Are there any gyms out there that you can pay the monthly fee with a credit card? + +And if there aren't any, why hasn't someone invented a new gym franchise that does? Seems like a much desired feature in the consumer market. +Fundamentally it seems the same as buying one property to live in and another property as a rental investment. Obvious pros may be that you can rehab the place easier if you’re next door and invest in some good ROI enhancements to both units (shared HVAC or something, just making stuff up here). Cons are that you have to live next to your tenant. + +Is there anything else I’m missing as to why this gets recommended so often as an option? Are duplexes priced more efficiently in terms of rental cap rates when up for sale at the same time? +A further explanation was needed from my previous post regarding the free fall. + +[Weeeee](https://imgur.com/a/AWwvOXE) + + +[The third largest fiat currency is on free fall.](https://www.reddit.com/r/Superstonk/comments/ve2yb1/the_third_largest_fiat_currency_is_on_free_fall/?utm_source=share&utm_medium=mweb3x) + +Some questions were raised and thus I felt the need to further explain how this bear shit wrapped in bull shit wrapped dog shit wrapped in cat shit wrapped is tied to the whole US Dollar and the stock market as a whole and truly GME is a hedge against the whole casino. + +Japan is the third largest economy in the world, they are also carry a Debt to GDP ratio of 256%. Fukkkkkk….that’s some insane leverage. Why? Well with the breakdown of the economic bubble came a decrease in annual revenue. As a result, the amount of national bonds issued increased quickly. Most of the national bonds had a fixed interest rate, so the debt to GDP ratio increased as a consequence of the decrease in nominal GDP growth due to deflation. + +https://en.m.wikipedia.org/wiki/National_debt_of_Japan + +The 10yr Japan government yield bond was already close to 0 yield but has since then gone up 25 basis points and counting. + +[Japan 10yr Bond](https://imgur.com/a/NYwBuHK) + +The issue with this, is because Japan is so highly leveraged that going up by that many points in a relatively short time and uncontrolled manner could essentially bankrupt the whole country, the higher it goes the more money they have to print. + +Now comes a regurgitating loop of shit, the BoJ (Bank of Japan) is simply going to keep printing money ( sound familiar?) +to buy these bonds to keep the yield from going up. Therefore called yield curve control. + +They can save their country from going bankrupt but in the process they will hyper inflate their currency. Do you now see the issue with their debt to gdp? An on going loop. + +Okay now, so what? What does this have to do with the US? + +As I stated earlier, Japan is the largest US treasury securities, coming in second is China. + +[That’s a lot](https://imgur.com/a/AkEnOPV) + +However , No one atm wants US Treasuries. + +[What treasure?](https://imgur.com/a/9ZKimaF) + +All it takes is for Japan to bankrupt or head for another lost decade and they will dump the US treasuries and implode the whole market and devalue the US dollar much like Terra . Down to 0. + +Jerome Powell knows this which is why now they are pushing this out in order to keep the value of the USD. What a coincidence huh? [US Digital Dollar](https://www.reuters.com/markets/us/feds-powell-us-digital-dollar-could-help-maintain-international-primacy-2022-06-17/) + +In essence the dollar is backed by nothing by soon to be worthless US treasury bills. + +Credit default swaps anyone? Someone knows something. [Something’s up](https://imgur.com/a/wZQw98h) + +Essentially if fed reserve doesn’t do anything to keep BoJ afloat then by liquidating their treasury stake, they will drop the whole market and anyone caught short would have no choice but to actually cover. + +Of course we all know SHF have to cover and their walls are closing in. It’s known they haven’t covered GME and damn well estimated to be short more than 200%. At this point anything could serve as a catalyst and only a matter of time. GME is a hedge against the whole market. + +Edit: I feel like I need to explain the portion of the US dollar going to 0. While this part sounds like FUD, it is true that the trajectory is leading to that point by many factors and not just the BoJ problems. There are many strings put together to make the spider web and one falls then the integrity starts to fall apart. I made the following comment. + +That’s the extreme end of the spectrum, The Fed Reserve will do everything to avoid the Dollar from becoming worthless. I’m saying there are many factors that would ignite a fire up SHF ass because the world market is not stable at all and it’s only a matter of time for MOASS. However I should say “don’t keep all your eggs in one basket”. After MOASS it would be wise to invest in different sources of revenue and commodities, land, gold, crypto. However I’m not a financial advisor and this is not financial advice. + +A little background to Japans economy. + + +. Japans Economy is not like the US it’s too complicated to explain in just this post. I will try my best to over simplify. In short after ww2 they experience an economic boom so much that they could have been the economic super power but it all came to an end in 1990. They having been in a deflation trajectory for over 20 years. Their gdp has been the same for the past 30years which means no real growth. They are and have been experiencing stagflation. + +The BoJ has to two measures to control the economy, monetary policy and fiscal policy. To stimulate growth they keep interest rates extremely low. But you can’t raise it fast or else it creates a wave of higher payments that the borrowers won’t be able to afford because of the extreme leverage. They’re rates were so low it went negative and it was like the government actually pays others to borrow from them (not really paying them however- that would be silly). It’s meant to stimulate more growth for the economy, however the central bank has created a low interest trap that they put themselves into, deflation is not good for banks that gave out too much money. That means products are cheaper and cheaper and people will only hoard they’re cash into banks knowing that later down the road they can afford more “expensive” products because it costs much less every passing year. Now fiscal policy they have been printing so much money and not making enough money back then any savings dissipates quicker than the drive thru at Wendys. Yes the US has more debt but they are a whole separate issue on itself, the Japan debt in retrospect is twice as bad because of the ongoing monetary and fiscal policies that have been controlling their Yen and growth. + +Japan has to pay interest on their debt (the loan twice their gdp) and because the majority of the debt takes the form of Gov bonds the interest rate is extremely low. Which have a long term growth impact on the economy, they can’t keep borrowing money. Japans Yen was used as trades for other foreign countries because it was so stable and a “safe haven” against other currencies and the bonds were so low. Not anymore, they are stuck and it has to lean on way or another. + +https://www.bis.org/publ/bppdf/bispap70c.pdf +[POLL](https://www.strawpoll.me/21140107) + +This place has become a ghost town. We've taken what was once a booming community, and now it's fallen down. Look at what's reaching the front page now. + +[DECLINING STATS](https://i.imgur.com/QZq5zAj.png) +- + +It barely gets any traction. There can be 10k+ people viewing concurrently, but no one is seeing any posts. + +Let's step up our game! It feels like yesterday something awesome was reaching the front page daily, and the community was booming. + +We need more posts, more activity, more energy. Come on, pick up the pace, we have giant user numbers and no ones participating. + + +**Lets step our game and bring this subreddit back to all-time highs!** +- +**PART 2 - SORRY FOR THE TECHNICAL DIFFICULTIES... LOOKS LIKE I NEED TO BREAK THIS UP INTO SMALLER CHUNKS THAN I THOUGHT AS REDDIT CAN'T HANDLE IT...** + +\------------------------------------------------------------------------------------------------------------------------------------- + +# APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +\------------------------------------------------------------------------------------------------------------------------------------- + +So BASICALLY... the 3-Year American Management "Experiment", consisted of struggling to be profitable, and chopping up and selling off of Assets. + +NOW... + +You may think, that was a LONG time that he worked there before Apollo Global decided to buy it up and take it publically right? + +WELL... + +If you take a look at the OFFICIAL announcement of Adam Taking the CEO role at POPCORN, you'll see that in 2016, he was still listed as a Board Member at Norwegian Cruise Line Holdings. + +SOURCE - SEC Paragraph 4: [https://www.sec.gov/Archives/edgar/data/1411579/000110465915084779/a15-24957\_1ex99d1.htm](https://www.sec.gov/Archives/edgar/data/1411579/000110465915084779/a15-24957_1ex99d1.htm) + +AND EVEN TODAY - He is still listed on the Norweigan Cruise Lines website as a Board Member: + +ANDDDDD.... + +Even MORE interestingly... + +On the Frickin Norwegian Cruise Lines PROFILE of Aron, it SPECIFICALLY states... that his consulting company World Leisure Partners Inc, ACTS IN PARTNERSHIP WITH APOLLO MANAGEMENT L.P. and facilitated Apollo's Acquiring a controlling interest in Regent Seven Seas Cruises, Oceania Cruises and Norweigan Cruise Line + +See for yourself: [https://www.nclhltd.com/investors/corporate-governance/board-of-directors#members-4](https://www.nclhltd.com/investors/corporate-governance/board-of-directors#members-4) + +**WHAT ABOUT STARWOOD HOTELS MR BADASS TRADER???** + +Well he didn't last long there DID HE? + +CEO for 1 year in 2015... + +WHY? + +Well in 2015 there were STRONG rumors that Starwood was up for Sale. + +Many Had noted that Apollo were a contender for this... so... what do they do? + +Well let's get our CEO in there and see if we can snag it shall we? + +Things didn't go to plan though, and though Hyatt was thought to be the front runner in the bidding... it ended up going to Marriott... and has soon as that happened... Adam was gone... Poof... + +Rumors Source: [https://www.newstimes.com/business/article/Interval-buying-Starwood-s-Vistana-business-6595127.php](https://www.newstimes.com/business/article/Interval-buying-Starwood-s-Vistana-business-6595127.php) + +Marriott Confirmed to Buy Starwood ANNOUNCED NOV 2015 + +[https://news.marriott.com/news/2015/11/16/marriott-international-to-acquire-starwood-hotels-resorts-worldwide-creating-the-worlds-largest-hotel-company?aff=MARWW&affname=111l748&co=WW&nt=PH](https://news.marriott.com/news/2015/11/16/marriott-international-to-acquire-starwood-hotels-resorts-worldwide-creating-the-worlds-largest-hotel-company?aff=MARWW&affname=111l748&co=WW&nt=PH) + +Adam Aron Leaves Starwood Hotels **ANNOUNCED DEC 2015** + +[https://www.hoteliermiddleeast.com/operations/back-of-house/25530-adam-aron-leaves-starwood-hotels-resorts](https://www.hoteliermiddleeast.com/operations/back-of-house/25530-adam-aron-leaves-starwood-hotels-resorts) + +\----------------------------------------------------------------------------------------------------------------------------------- + +Oh ya... and lets not forget the actual **10 YEARS** he spent working at Apollo Global lol + +\----------------------------------------------------------------------------------------------------------------------------------- + +Ok... It's taking me a while now to dig up all this shit... and I'm kinda getting sick of talking about him... which means you guys are probably getting sick of reading about him. + +SO PLEASE... + +With a RATIONAL MIND... + +Can we agree that... + +**ADAM M. ARON WORKS FOR APOLLO GLOBAL MANAGEMENT???** + +(Looking at you POPCORN APES!!) + +\----------------------------------------------------------------------------------------------------------------------------------- + +Ok... let's move the fuck on already... + +WHY... is any of this important? + +THIS IS A PATTERN APES... + +But before we get into that... + +How about we take a look at Apollo shall we? + +And why we should FEAR the big bad wolves! + +\----------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +[Leon Black - Michael Milken's Right-Hand Man at Drexel and Founder of Apollo Global Management](https://preview.redd.it/tyutcjql09b81.png?width=1500&format=png&auto=webp&s=f4925aed389a43b54edebbeb2ec6d1ba8a9c24b6) + +&#x200B; + +>Leon Black, the most feared man in the most aggressive realm of finance, wants you to know he’s misunderstood. Not about the feared part—that much is indisputable. + +&#x200B; + +>The most recent recession, triggered by the 2008 financial crisis, created an unprecedented opportunity for private equity firms, and few have taken better advantage than Apollo, Wall Street’s apex predator. + +&#x200B; + +>A private equity takeover can involve deep payroll cuts, massive asset sell-offs, and taking on dangerous levels of debt. The process can mortally wound a company and trigger zero-sum fights over the corpse. + +&#x200B; + +>Even if you don’t know Apollo, you know its targets: Caesars casinos, Claire’s jewelry stores, Linens ’n Things, all purchased just before the financial crisis and driven to bankruptcy under Black’s watch. + +&#x200B; + +>Apollo, known for guarding its hoard, usually manages to walk away richer. + +&#x200B; + +If none of that gives you an idea of who these guys are... Apollo Global ALSO bought-out and owns Blackwater... you know the Private Security Company the US uses in warzones? + +You know... these guys... + +&#x200B; + +https://preview.redd.it/0u9np5h609b81.png?width=1200&format=png&auto=webp&s=6e7d3904c1b7caada37a63a9b6eb1c7023a1fbd2 + +(Please don't suicide me) + +Or how about the Fact that the Former Executive Director of the CIA Buzzy Krongard sits on the Board of Apollo? + +&#x200B; + +https://preview.redd.it/6rrsivc709b81.png?width=250&format=png&auto=webp&s=e9618e03112590b93a19beccd058dfe991a29345 + +Image Sourced in an Article Titled + +Accused of Blocking an Investigation in Blackwater, State Department IG Howard Krongard told Congress that his brother Buzzy has no ties to the military contractor. Evidence "Apparently" stated that he was a member of their board... + +But regardless, He is a Member of the Board of Apollo Investments... who now owns Blackwater. + +Read more here (Though not relevant) [https://www.motherjones.com/politics/2007/11/blackwater-and-brothers-krongard-how-cookie-crumbled/](https://www.motherjones.com/politics/2007/11/blackwater-and-brothers-krongard-how-cookie-crumbled/) + +&#x200B; + +**Source - Bloomberg** [https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black](https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black) + +(To Avoid the Subscription, just open in an Incognito Window) + +\----------------------------------------------------------------------------------------------------------------------------------- + +**So what the hell am I talking about?** + +Private Equity Firms and Hostile Takeovers/Distressed Takeovers. + +Remember that little Analogy I gave at the start of this post? + +The guy who has figured out how to turn $1 into $1.50... but has a Friend that can convince people that a $1 is only worth $0.10 + +He then buys the $1, for $0.10 and then turns it into $1.50... + +So lets think about this for a minute shall we? + +In our history lesson (I hope you passed the exam) - We discovered that Leon Black was Michael Milken's Right-hand man. + +And we know that Michael Milken sold a shit ton of junk bonds to companies. + +Many of these companies then suffered huge losses... and some filed for Chapter 11 Bankruptcy. + +WELL... Leon KNEW which of these companies actually had fundamental value within them and he began buying up both the bonds and the companies. + +SOUNDS FUN RIGHT? + +THEY EVEN HAVE AWARDS CEREMONIES FOR THESE GUYS + +&#x200B; + +https://preview.redd.it/ohubgo9809b81.png?width=1000&format=png&auto=webp&s=b0eaa0715c9fa5ff0f2a4d4f50b6e69d7c850c81 + +\----------------------------------------------------------------------------------------------------------------------------------- + +Wanna take a look at how the other side of this picture looks? + +After the CEO of **Warrior Met Coal** drove the company into Bankruptcy, again... (Straight after he did the same thing in the company before this) + +Apollo Global and Blackstone swooped in to buy up the company and begin milking it for all the profits they could get out of it. + +So much SO... that the Miners went on Strike. + +Take a look at how that went for them... + +&#x200B; + +https://preview.redd.it/gkwvx61909b81.png?width=1275&format=png&auto=webp&s=e3cd7b2a5e7592af62767e4b10460800f6350506 + +Link: [https://www.youtube.com/watch?v=oEH5EhZz878](https://www.youtube.com/watch?v=oEH5EhZz878) + +(Helps when you have a Private army and the Former Executive of the CIA on your Board right?) + +&#x200B; + +\----------------------------------------------------------------------------------------------------------------------------------- + +**THIS WAS MILKEN'S EXACT STRATEGY** + +He HELPED corporate raiders find ripe takeover targets, sold them the junk bunds, which ended up creating financial turmoil within the company, bringing the price down massively... and allowing the Corporate Raiders to Purchase that $1 for $0.10. + +&#x200B; + +>Milken’s bankers helped clients find ripe takeover targets and sold packages of debt to finance the deals. The bonds had to have sky-high interest rates to entice Wall Street buyers, but the corporate raiders didn’t mind: It was the targets, not them, who’d have to make good on the debt. + +Source: [Same Bloomberg article Paragraph 13](https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black) + +*(Use Incognito Window to view without subscription)* + +And of course, Black being Milken's right-hand man, was going to continue this strategy, and even expand upon it after Drexel got shut down. + +&#x200B; + +>Soon after, executives of the French bank Crédit Lyonnais reached out to Black about **teaming up on a venture that would try to replicate Drexel’s success.** The Drexel bankruptcy coincided almost perfectly with a credit crunch, and Black was frank with his potential backers: There was no mergers-and-acquisitions market anymore. Instead, he said, **they should go into the business of buying the loans that had been piled on now-troubled companies.** Drexel had put together some of the debt packages, and **Black knew which companies were worth owning a piece of.** + +[Same Bloomberg Article Paragraph 16](https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black) + +&#x200B; + +SO... + +Strategy 1 - Was creating the distressed assets by leveraging them with Junk Bonds... + +How about we look at the expansion of this strategy??? + +\------------------------------------------------------------------------------------------------------------------------------------ + +[PART 3 IS HERE](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +\------------------------------------------------------------------------------------------------------------------------------------ + +# BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank?** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Regulation Agenda** + +[BBC Part 16.1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) **The Apollo Missions** + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Apes... if you feel this is as big as I think it is... **please share it.** +Should this sub introduce a minimum karma requirement before being able to post/comment? Almost every post right now is just people shilling coins and brand new accounts spamming “to the moon” “1000x potential.” I feel that many new people here could actually fall for this. Let me know what you think. +Right now Tron (TRX) is on number 6 spot with a market cap nearing $20 billion. So I thought I'd read the whitepaper and figure out what it is. + +Here is the whitepaper. + +https://dn-peiwo-web.qbox.me/Tron-Whitepaper-1031-V18-EN.pdf + +On bottom half of page 2 + +>Realization Path of TRON + +>1. Exodus, Data Liberation +2. Odyssey, Content Empowerment +3. Apollo, Free Movement of Value Decentralized Token Trading Exclusively for Individuals +4. Star Trek, Traffic Monetizing Gaming of Decentralization and Market Forecast +5. Eternity, Traffic Conversion De-centralized Game + +I shit you not, this is what the paper actually says. + +Here is the distribution on section 10.2 + +>Total amount of TRX is 100 billion and will be allocated as follows: + +>* Public offering: 40% +>* TRON Foundation and the ecosystem: 35% +>* Private offering: 15% +>* Pay initial supporter - Peiwo Huanle (Beijing) Technology Co., Ltd.: 10% + +CEO of Tron was the founder of Peiwo. + +Whoever is still buying Tron at this stage, good luck to you. + +*PS: To all you people saying I am spreading FUD, just reading the god damn whitepaper and decide for yourself. I will link it 3 times so you your fat finger can't miss even if you tried. + +1. https://dn-peiwo-web.qbox.me/Tron-Whitepaper-1031-V18-EN.pdf +2. https://dn-peiwo-web.qbox.me/Tron-Whitepaper-1031-V18-EN.pdf +3. https://dn-peiwo-web.qbox.me/Tron-Whitepaper-1031-V18-EN.pdf + +If you honestly think this is legit after 2 pages then so be it. But don't blame me when you don't do your own research. + +Also, here is Elliot Rodger's manifesto for comparison. + +https://www.documentcloud.org/documents/1173808-elliot-rodger-manifesto.html + +If you still think that whitepaper (just read it) make more sense than a serial killer's manifesto. Then I got nothing left to say. + +#JUST READING THE FUCKING WHITEPAPER +Old news for the seasoned investors, but there are always new folks here. Just wanted to use a real life example of how you can make steady gains without needing to chase new stocks. + +On a one year time horizon, I’m currently up around 25% in AAPL, and close to 400% in NET. However, my dollar gains in both stocks are less than 10% apart. While I may not have exploded on AAPL, DCA’ing in over a year has allowed to me to net the same dollar gains as a bet on growth stock. Just something to consider for newer investors. + +Edit: a lot of full time Reddit users are rushing to their keyboards to talk about longer time horizons. That’s not the point of this post. The point is to compare two different investments on the same REAL time horizon I’ve owned them to demonstrate that DCAing into blue chips can be just as rewarding in dollars as making small bets on growth stocks that turn out to be WILD SUCCESSES, let alone the ones that go negative. +I wasn't always a paranoid ape. + +I watched Lucy. + +I watched Wes. + +I read atobitt. + +I've read on my own how ON RRPs work and why. (We are seeing flight to quality right now!) + +I told my therapist I'd die before I give up my shares. + +But I have a nagging suspicion that there's another level of greed that outpaces the hedgefunds. Yes they're bad guys and yes they should be in jail. I have another post about this coming. But the more sinister people are the banks, the people that told Kenny he couldn't be one of them. However John Mack, Linda Thompson, Chris Cox, however they're all connected. + +So what happens if they've lost it all but they're still out for blood? + +Well the I suspect the same thing that they're going to take down as many counterparties as possible. Knowingly or out of self-preservation. + +Who? The brokerages. The banks. Lehman failed. Bear sterns failed. It CAN happen and you can lose your money. Let's avoid that. + +Let's talk about FDIC https://www.fdic.gov/resources/deposit-insurance/faq/ + +And a little about SIPC https://www.sipc.org/for-investors/what-sipc-protects + + +Some facts: +- a bank account is insured under FDIC for $250,000 +- for the most part you get $250,000 per person and per beneficiary on the account +- the types of accounts this works for is mostly 3 types for apes: individual, joint, retirement. +- SIPC covers you for 250,000 cash and $500,000 equity per brokerage, same style as FDIC + + +Examples: + +Alice has 1 brokerage account. Her broker does funky shit and goes under. She is insured for $250,000 cash and $500,000 equity. + +Bob has 1 individual bank account at JP Morgan Chase and 1 joint account at JP. He is covered for $250,000 + $250,000 * (number of people in joint account). + +Charles has 1 bank account with Schwab with 4 beneficiaries and another individual account at Wells Fargo. He is insured for $250,000 + $250,000 per beneficiary + $250,000. + + +See the pattern? + +All the apes who have been trading for a while probably already know this but you should never ever consolidate your money on one bank or brokerage. + +Bank runs happen. A bank run gets it's name from the early 1900s when people would rush to the bank to withdraw their funds before the bank is insolvent. Today they happen electronically through FDIC and you are fucked until they release your funds. + +To prevent this the answer is simple, put your money in as many FDIC and SIPC insured accounts as you can. + +Now the problem probably lies wherein most of us have never had the kind of money that this matters. However with the evolution of the ape, we will be causing a huge problem for money markets and it's best to insure it. So like all financial advise the best time to divest your holdings is before you invest. + +But the MOASS may come soon so this is a bit of a pickle. It's your money you do what you want with it. I endorse the following: + +- make sure your accounts are FDIC or SIPC insured! +- get off robinhood, they are SIPC insured however they already have had numerous issues with falsifying records. Buyer beware. +- open new brokerage accounts with other reputable broker dealers: Fidelity, Vanguard. I use Scwhab but Lucy mentioned that they were responsible for options exchange tomfoolery with false covers. I want out! +- ACAT (transfer) shares that you are OKAY WITH BEING UN LIMBO FOR UP TO A WEEK - I will be doing a small percent at a time to limit loss exposure +- DTC transfer between brokers for 2-3 day limbo, I may do this if I feel something is wrong +- wire money same day cash transfer for a fee, do this if your bank is having issues. +- open new bank accounts that you can wire money to +- be familiar with how bank wires happen and get your bank account wire information ready to go +- Look into CDARS and ICS accounts if they are right for you. More below. +- When you sell for $10,000,000 or more contact a tax professional +- When you sell for $10,000,000 or more contact a reputable fiduciary at a reputable bank and ask how you can protect as much cash as possible without investing it in treasury bonds and without putting it into blue chips. These will be a while before you can know when they've bottomed. + +What is CDARS and ICS? + +They are sweep accounts that banks will offer to be the custodian of. They will take a large sum and be the controller for the account. The idea is it will feel like an ordinary account (but slower to use) and they will split the sum into $250,000 chunks that will be put into FDIC backed banks. They use the FDIC insurance to protect your accounts through the sweep account. + +The sweep account style is often encouraged by the government as a way to limit exposure to individual bank failures. + +If you use the services you can choose a reputable bank that offers it and you will be charged a fee. Alternatively you can try to do it on your own but if you want to insure $25,000,000 it will require you to open 100 new bank accounts. Which will take like 4 weeks most likely. Let the bank be the custodian and limit your exposure. Even if that bank fails they just have the records, your money is held in other banks. Your records will be sent to the entity that acquires your failed bank. + +I'm writing this post to show options for trying to protect cash and securities. As always talk to a professional but be informed of the options. Hopefully this gives you an idea of how to take your cash out when your broker is rich from your diamond hands. + +If any ape has corrections please send them my way. I just learned about this recently. +Anyone else think so? The memes. Sex jokes. Rtard humour. Saw someone say RC feels like he could actually be a member of this sub. Just feels like one of the boys. Same kind of vibe elon tries to give off but it feels so forced. With RC it just feels so much more genuine. The REAL cool billionaire. + + If this sounds like dick riding, good. COZ I AM! +https://www.marketwatch.com/story/amazon-prime-member-total-reaches-142-million-in-u-s-with-more-shoppers-opting-in-for-a-full-year-data-shows-11611073132 + +Consumer Intelligence Research Partners LLP (CIRP) data shows that as of Dec. 31, 2020, more than half of Amazon.com Inc. AMZN Prime members (52%) had an annual membership, up from 49% just three months earlier. + +“For the first time in four years, the percentage of annual memberships increased in the holiday shopping quarter. In other words, in the December quarter new and renewing members took advantage of the lower annualized cost of a yearly membership, and with that made a longer commitment to Amazon Prime. These new members will be around well into 2021.” + +According to a January report, eMarketer estimates global e-commerce sales of $4.28 trillion in 2020, up 27.6% from 2019. Experts expect 14.3% growth in 2021 to $4.89 trillion. + +Thanks for the awards. +31M. Expecting to retire in about 2-3 years time with NW CA$5m (US$3.6m). Want 2-3 kids, first one by 35. + +I’m from / currently based in an Asian country (Singapore). So no universal healthcare, relatively low taxes, great business opportunities. Mostly I don’t think too highly of the kind of values my society carries, and would prefer to raise kids and build my family elsewhere. (No family at all at the moment, so almost absolutely no obligations.) + +The countries listed above tend to be a bit more progressive with their policies, laws, and general societal norms, I feel. I’m also excited about the opportunity to live in a new environment altogether and start my life anew, in a way. + +Canada currently ranks highest for me, due to a sizeable Asian community, and proximity to US. + +Wondering if anyone has any thoughts on a preferred/ideal country to retire, and any specific opinions on the above listed countries! Let’s discuss and share ideas! :-) + +Edit: I’d most likely still keep a home base/ buy a house in my home country and keep my business entity running to fulfill immigration obligations, if I were to apply through the entrepreneur visa route. +If anyone feels like they’re too deep in debt and don’t make enough money to be financially independent… just know that it takes putting one foot in front of the other. + +When I met my partner, we had no budget or concept of where money actually went. Though we are pretty serious adults and felt we had our shit together, it still felt like debt or smaller income we were keeping us back from even trying to get ahead. + +I had some credit cards and student loans, he had car loan and medical bills. He also had overdraft fees from payments that would pull when he didn’t expect them (no planning). + +One day I started following a Mum on Instagram who did a Zero budget for her family on 5 and one 60k income. She showed her tiny IRA and HSA contributions, her cash flowed mini van purchase, and how to take care of the things you own. This woman showed me that my perspective needed to be corrected. + +Thank god my fiancé goes along with my ideas because I put both he and I on a zero based budget that week. We “pay ourselves” each pay day to our Venmo cards. Everything else gets allocated to debt, bills, and savings. + +At first it was hard to say “I only have $300 to spend until next pay check….” But then medical bills and car loan got paid off, some credit cards were at $0 and house deposit savings is actually looking healthy. Our credit scores even shot up!! + +Not to be sounding hippie dippie but I think it even manifested more wealth our way. In the 2 years we have been doing this, our overall household income has gone up $30k/year. My new job has an incredible HSA and 401K match and I plan to max out yearly contributions as soon as that house deposit is solid. + +I get that we are pretty far away from financial freedom…but at 32 and 35- were still really excited to be where we are and picking up momentum every day. + + +Thanks for reading. + +Edit: just to say that HELL YES we absolutely are gunning to FI/RE. Setting ourselves up with with the solid foundation we wish we had at 18 (trust fund would have been nice haha) . +throw away. Posting mostly as a form of therapy and putting my thoughts down. + +&#x200B; + +We've been well on our way to FatFire - 40 years old, 1 kid. SF Bay Area. Just under $5M in assets. House has $1M mortgage. + +&#x200B; + +I had spent the last few years earning 0 (startup). Probably cost $500K probably in expenses since we couldn't keep up during that time. These days we both have new jobs, earning $1.8M W2 combined. Been saving >600K/year post tax for the past 12 months, and see no reason that couldn't continue. Figured we'd be at $5.5M actual liquid assets with a paid off house in \~2 years which is about my FI point. Then on, we are working just to increase future lifestyle. Yes, I get the math and that \~3% of 5.5 doesn't equal current spend. We're flexible. That's the plump fire number. FatFire is a bit higher for us. + +&#x200B; + +Thing is, I haven't ever loved our house. It's fine (which is disgusting to say, bay area you're broken). I have fantasized about moving. It's never felt like home. This weekend, walked into an open house and fell hard. We can afford it, but it puts our Fat (plump) Fire FU date back at least 2.5 years. + +&#x200B; + +I'm rationalizing so hard right now. + +>'I want my kid to see me work till he's in high school. If I'm working the next 10 years anyway, may as well have a house I love' + +is the latest one. I think it's likely that we'll buy this new house. We're lucky enough that I think we can still do whatever before 50, but I do feel like I'm making a really dumb choice at the same time. It's hard to keep the eye on the prize, and frankly it's constantly moving anyway. So here's to struggling to FI, or Fat, or just push the date and do both. :) +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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We have helped keep this company afloat on top of Ryan Cohen and his team, in a way we are all owed a lot of money from these people who have taken a loan in the form of GME shares. + +I for one don’t give a shit about all these theories anymore, enough DD has been done to prove that this is set in stone, repost the DD posts for new investors so they’re up to speed and can make their own decisions. + +It’s a matter of time when we get what we’re owed, sit tight, be patient, buckle up. +Can anyone recommend the cheapest private health insurance to avoid the Medicare levy surcharge? Last financial year I received a bonus which put me just over the 90k threshold so I was stung with the surcharge. This year I’ll get ~98k and next year is looking like ~110k. +You know your bosses are going to throw you under the bus for your market manipulation, right? You don't think they'll take responsibility for directing you to do this, do you? LMFAO + +Remember, the first one to flip always gets the best deal. Have a good day and remember not to drop the soap. + +As always: I'm not an attorney or financial advisor. I just buy and HOLD and like the stock. + +Edit: I love how all at once the Interns emerged on this post the more it was upvoted. This is what happened: + +Head Intern: (sweating profusely) Guys! Emergency meeting! I know some of you have seen the recent thread about your potential exposure and how the Overlords weren't going to take responsibility. We all known they care and love us. We were barely pissed on last Friday. Just a light sprinkle to end the week. If you are having any doubts about what you are being ordered to do, remember the bonus you're going to get if they don't go bankrupt ... and we're not all in jail. Now, let's all converge on that thread and do our best to kill it! + +Edit2: Fellow apes. Thanks for having my back. This is the way. Let's stand together call them out on their BS. Buy, HOLD, and we shall celebrate on the moon. + +Edit3: First time ever getting gold. Brings a tear to my ape eye. I promise to buy even more GME (not that I wasn't anyway). +Friday 2/26/21 $GME Update: + +- Opened: $117.46 +- Closed: $101.74 +- Total Volume: 91,000,000 +- Total Shorts: 22,250,000 +- Short Percentage: 25% +- Borrow Rate: 9% + +https://fintel.io/ss/us/gme + +~~~ + +Well, today was a battle. + +And I think I was wrong. Let me explain our situation as I currently see it through hind-sight. + +They shorted over 22mil shares today to try and drive the price under $100. That's 55mil short sales in 48 hours. + +Considering the 9% borrow rate, a lot of these are still outstanding as well. + +As an aside, I still want to know how in the flying fairy fuckery you can find 22mil shares in a single day to borrow to short, when only 350,000 were available at the opening to the day. You're telling me shares to lend get 6500% easier to find as the day goes on? Directly following a day they just shorted 33,000,000 shares? + +If you think any alphabet agency is going to help us, the last two days should show you that they just don't care about investigating what the hedgies are doing during all of this. If 55,000,000 shorts in two days, on a stock with 70,000,000 shares, doesn't raise alarms... nothing will. We're on our own. And if this really does crash the market at the end of all of this, it's 100% the SEC's fault for not stepping in when shit like this is obvious befuckery. They are complicit in allowing it to happen. + +So what happened today?... + +I think a sneaky smart play was made. + +Looking at the Open Interest on call options on the chain, the $105-$150 options had INSANE volume today. + +There is 744 Open Interest for the $110C 26Feb21... There was 7,719 Volume today! + +There is 1,150 Open Interest for the $120C 26Feb21... There was 10,282 Volume today! + +There is 3,064 Open Interest for the $150C 26Feb21... There was 24,586 Volume today! + +So what do I think happened behind the scenes today? + +I think all the call sellers from $100 and down were hedging their deliveries with higher calls... but I think ending at $101 is going to force them to deliver on their own. + +Over 47,000 Call Options finished ITM at $101. + +That's "only" $470,000,000 to exercise those contracts and force delivery of 4,700,000 shares next week. Remember, they spent $200,000,000 in borrowing fees shorting the stock yesterday alone. They spent another $200,000,000 today in borrowing fees. Half a billion is nothing in this war. + +There were another ~30,000 options waiting to hit from $105-$150. But I think someone was brilliantly smart enough to keep them out of the money... + +I think someone knew that those 30,000 call options were the hedgies only option to help cover those 4,700,000 shares without going to the market for them. And I think the big players let it finish at $101 because they knew it would cause the most pain from deliveries for the hedgies. + +They let the price run up just barely under $150 to force the hedgies to cover with those higher calls... and then allowed the price to pull back to make them lose the premium and force them OTM. This is a well-known options attack plan. They literally played the hedgie's game against the hedgies. + +It was too easy to push the price to $143 this morning, and I think someone knew something was up and changed the battle plan. + +So now we stand at a possible 4,700,000 shares needing to be delivered by Tuesday, plus whatever outstanding shorts now exist from those 55,000,000 shorts in the last two days... plus the (at least) 60% previous short float. + +Let's be conservative and say that they paid off 75% of the shorts from this week, and 50% of the shorts from the finra report... + +70,000,000 float x .6 (60% short) = 42,000,000. Let's say they cleared half of it... 21,000,000 shares. + +55,000,000 shares shorted this week. Let's say they cleared 75% of them... 13,750,000 shares. + +And let's say that only half of those 4,700,000 get exercised this weekend, or that half were sold covered... 2,350,000 shares. + +At the BEST... they are now 37,100,000 shares in the hole... or 53% of the total share count. + +GME fell off the FTD threshold limit on 1/29/21. It needs to have 450,000 FTDs to qualify for the 0.5% threshold. + +On 1/29/21... every single call option under $325 finished ITM, and you can expect at least a couple of them exercised, so I'm expecting the FTDs from the first half of February to explode in size once again. And this time they wouldn't have the ETFs to liquidate to cover those deliveries (XRT blew up to over 2,000,000 FTDs on the same 1/29/21). + +They stopped this from exponentially blowing up the FTDs by NOT ALLOWING THE OPTIONS TO BE EXERCISED THAT DAY. + +https://www.wsj.com/articles/robinhood-in-talks-to-settle-finra-probes-into-options-trading-practices-outages-11614366379 + +"Call options give investors a right, but not an obligation, to buy a specific amount of stock at a specific price, known as the strike price, during a specific window of time before they expire. If a call option is “out of the money,” meaning the price of the underlying stock is below the strike price, a customer is better off letting the option expire. + +In January, Robinhood noticed some users “were occasionally exercising OTM options, causing them to suffer losses immediately upon exercise,” Mr. Tenev said. Robinhood put a warning system in place and required customers looking to exercise out-of-the-money options to speak with a company representative first. On Jan. 29, it stopped allowing customers to exercise out-of-the-money options." + +Robinhood literally DID NOT ALLOW you to exercise an OTM call option on 1/29/21 to stop the deliveries of GME. + +A company has to stay on the threshold limit for 5 consecutive days to start the 13 day clock for forced FTD closings. + +If GME had over 450,000 FTDs on Feb 1, that would make day five 2/5/21. You get 13 trading days to close those FTDs once it's on the threshold report or it gets forced on the thirteenth day. + +13 trading days from 2/5/21 is this last Wednesday, 2/24/21. The day that share prices exploded from $50 to $170 in a single hour. + +Wednesday may have been those FTDs force covering, which caused a small gamma squeeze on the open options. + +If that's true, and we got another FTD reset on Thursday, we are about to start the clock fresh on Tuesday when these current options fail to deliver on time. That would put the next forced closing on... + +You're not going to fucking believe this... + +...exactly 19Mar21. + +EVERYTHING KEEPS COMING BACK TO 3/19/21. + +They spent half-of-a-billion-dollars (five-hundred-million) in BORROWING FEES ALONE this week to drive GME's price down low enough to keep the deliveries reasonable and keep it off the FTD threshold list. It was their last chance to drag this clusterfuck out a few more months... but I think closing over $100 may have just sealed the date. + +They didn't just short over 55,000,000 shares in a single week at $100 per share to get out from under their short positions; they did it to try and limit the deliveries from these options... and they failed. + +So I went to do some research on stocks that would have ZERO relation to Gamestop in this fiasco. + +If you look at AAPL and it's option chain... you see that all put options have very low open interest for 2/26/19, 3/5/21, and 3/12/21... + +On 3/19/21... Put interest EXPLODES in contract numbers and volume... + +March 26 goes back down to almost zero. + +Facebook is the same. Coca Cola is the same. Starbucks is the same. Johnson and Johnson is the same. + +Why the hell are investors in Facebook, Coca Cola, Starbucks, and JnJ all hedging against the exact same date? What would JNJ and Starbucks have to do with GameStop? + +Market makers are hedging what they own with puts to save the value of their shares they currently own in case the market implodes. + +I'm marking my calendar... 3/19/21 is lining up perfectly to be the day the shit truly hits the fan for the market. + +We're in the endgame boys. + +~~ + +Edit: u/Scfi4444 added below that 3/19/21 is a quad witching date (market index futures, market index options, stock options, and stock futures all expire on the same date) +The shorted shares have been found, they are hiding them in an ETF, WE HAVE THEM BY THE BALLS, JUST KEEP FONDLING UNTIL ITS TIME TO SQUEEZE SO TIGHT THEY CANT REPRODUCE, time for them fucks to finally pay for the decades of them kicking us while we were down, it’s time to put them on there knees and put the fucking boots to them, AND IM A MIDDLE CLASS STEEL TOE BOOT WEARING LAID OFF MOTHERFUCKER WITH NOTHING LEFT TO LOOSSE, they can literally take nothing else from me, BUT I CAN TEKE FROM THEM, AND TAKE I SHALL +My hospital hasn't given me a clear explanation on how to navigate financial assistance. I'm 21 years old. I don't have a job yet. I was hospitalized for a week and I came out with a $30k hospital bill. Insurance paid for $11k and brought it down to $30k when it used to be $41k. Since my hospital is out of network, it said my family is responsible for the rest of the bill. I don't know whether it's ridiculous or not but this bill is more than my car. I'm applying for hospital financial assistance and the form only lists me as the guarantor, although my parents will be paying the bill and not me. I don't have an income or assets or anything so I don't understand why they only request my information. They also want me to apply for Medicaid and show proof of denial before they can consider my application. I don't meet any of the eligibility requirements for Medicaid anyway. I'm just confused about all of this and was wondering if anyone could help me make sense of this process and how else my family could get assistance with the bill. + +EDIT: answering some frequently asked questions I’m getting. The state is Florida. I was admitted with sepsis from the ER after having pneumonia for a week. + +EDIT 2: Medicaid has been filled out and submitted. Hospital financial assistance form is filled out and submitted. Called insurance to explain the emergency situation and they are mailing us an appeals form. I read many posts about filing for bankruptcy, but I don’t intend to do that since I’m still in the process of lowering this bill. +Hello, fellow traders! You saw in the title. How did you learn to get a "stable" income? Did you read any books that you want to recommend? Did you go to a class of sorts? Just by studying online? +I feel like there is so much to know that I don't even know where to start.. 🤔 +Thank you for all the answers!! +NVDA has been rangebound between 500-530-ish for a while now. I only picked up on it 2 months ago, but I felt pretty comfortable on the support around the $500-515 strikes that I usually go "all in" on my capital on spreads two weeks out or so for pretty decent profit. (I know, I know, it's reckless and not true thetagang but it's been okay for now). + +Even helped me recover an 86k loss! +https://imgur.com/a/5wsfR6G + +I definitely plan on stopping the "all in" part of this when I hit my goal this week, but still gonna do it while it's flat. +[https://www.bloomberg.com/news/articles/2019-01-06/bridgewater-s-pure-alpha-fund-is-said-to-return-14-6-last-year](https://www.bloomberg.com/news/articles/2019-01-06/bridgewater-s-pure-alpha-fund-is-said-to-return-14-6-last-year) +Hi all! Looking to purchase our first home (primary residence) and going with a conventional loan with 3% down. + +Example: (estimate per Zillow calculator) + +Home value: 270k +30 year mortgage, monthly payment $1,700, total interest $174k +15 year mortgage, monthly payment $2,400, total interest 80k + +Ive been contemplating on the benefits of saving roughly 94k in interest by selecting a 15 year compared to a 30yr. The goal is the own the asset as soon as possible and grow our wealth. If we did select to go with a 30 yr loan the goal would to invest the difference in other investments but not sure if it's worth the ROI. My math shows we could add about $8,400/yearly in addition investments if we select a 30yr. Do you think that cash can work harder then a primary residence?? + +Any feedback or thoughts are welcomed! Thank you +https://news.sky.com/story/two-more-household-suppliers-fail-as-wholesale-energy-prices-hit-new-record-levels-12407915 + +I work in energy so if anyone has any questions shoot away. You will go through OFGEMs SOLR (supplier of Last Resort) process and will be switched to a new company, you can then choose to switch again to whoever you choose. + +Any credit you have is protected so don't worry about this. + +Good luck to anyone who lost their jobs today. Its a good job market right now, you can get back on your feet! +Well you asked for Doge, Shiba, but now you have BullDoge. This 100% community token is run by you! Just launched brand new token with very low MC 185k! Be prepared to join in for the ride to the moon. + +Everything about the token is legit so no rugpull possible. You can check the holding wallet address yourself and see! Coingecko applied for, Audit in progress, and just listed on TrustWallet. We have huge plans for marketing already in talks with 25k youtber and 100k tiktok influencer. + +60% burnt on creation +10% tax redistributed to holders + + +Make sure you are part of the journey with this very special BullDoge + +Of course please DYOR + +Contact address +Token Address +0x9c3078894aB3f777266af700dBBF87C43DC340d5 + +Bscscan +https://bscscan.com/token/0x9c3078894ab3f777266af700dbbf87c43dc340d5#balances + +Buy on PancakeSwap V2 - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x9c3078894ab3f777266af700dbbf87c43dc340d5 + +Chart +https://charts.bogged.finance/?token=0x9c3078894aB3f777266af700dBBF87C43DC340d5 + +Telegram - +https://t.me/joinchat/pUWAoTd2iwUzYzg1 + +Website - +http://bulldoge.co +So, about two weeks ago, I went under contract on a house. I planned to take a loan out against my 401k, to cover some closing costs. I applied for the loan and it said it was approved, on the John Hancock website. It said it was to be deposited next paycheck, 4/29/22. The money was not deposited. When I called JH to find out why I was told that my plan administrator never approved it. I went to her , (the daughter of the ceo of my small company), and was told she had not been contacted by them, and even wagged her finger at me. When I called JH back, they said , the trustee (her dad) never authorized her to approve it. They have since approved the loan, and it will be deposited tomorrow. I decided to look through my 401k transactions and noticed that the contributions are both highly variable, per check, and often are not taken out in a timely manner. There are contributions from January and February of this year that have yet to enter my account. I suppose I don’t have any direct evidence that they are stealing, but it all raises many red flags. Thoughts? + +EDIT: In addition, the 401k person said that there is not enough cash in the main 401k account to cover all the missing contributions. I guess I don’t understand where the missing money is. + +EDIT 2: I have contacted the DOL to have an agent contact me regarding this. + +Edit 3: I sent my dad, a cpa, all my 401k statements and pay stubs for the past year. He thinks they are both skimming from 401ks to pay expenses and failing to pay federal withholding . So yeah + +Edit 4: Special shout out to Nathan W from WCU ;) +It is almost like cryptocurrencies became stocks, but they are more than that. Not only do they grow in value but can be used as a easier form of payment (among other things). You probably heard about they guy that bough pizza with bitcoin being an idiot, but he was using crypto to pay for something like it was design to do. I completely understand the investment side of cryptocurrencies and that is great but perhaps using it would bring more adoption and in the end increase value. I saw this [news](https://markets.businessinsider.com/news/stocks/bitcoin-dogecoin-btc-payment-cryptocurrency-news-hotel-chain-kessler-2021-3-1030174638) today about Kessler Collection hotels accepting cryptos and about that the author said. + +>with many bitcoin investors preaching the message of "HODL," which means holding the cryptocurrency in the long-term and avoiding selling, it's hard to imagine the hotel chain will see a huge surge of bitcoin payments following this announcement. + +My questions is the “HOLD” culture bad for cryptocurrencies? Should we promote the use of crypto more in the community in general? +So yesterday I went to deposit money into my debit card like I do every week. I deposited 1750$ and I was in a bit of a hurry so I didn’t end up printing a receipt (I know a really fucking stupid move) but I made sure to wait for the machine to say deposit completed and gave me the check mark thing. Today I woke up and Payed for my car payment to only realize I didn’t have enough balance and my card is in the negatives. Is there something I can do? Or is it lost for ever. This is will really fucking break my back. + + +Update: I went to the bank and spoke to the manger they took down the machine’s info and said they will audit it if the transaction doesn’t go through on Monday. Turns out since I deposited the money Friday night the transaction didn’t go through until Monday. So yeah crisis averted, got my money back but fuck me was that a stressful weekend. +I am 14. For context everything is in cash because I don’t trust my parents to not take it. +For income I +- mow lawns and do yard work earning between 60 and 150 a week. +- tutor some middle schoolers earning 100 dollars a week +- gifts from others + +My expenses aren’t much but include +Public transportation- 114 dollars a month +Fun stuff- 50 dollars + +Savings categories as I put them are +College- 60% of what is left +Just in case- 25% of what is left +Other- 15% of what is left + +So in the case of 100 dollars being left after expenses 60 in college, 25 just in case, and 15 in other. + +Is this a good start? + +Edit to add; ok so was not expecting this to get this big. +Something I’d like to say +- I am not in any way going to be opening up an investing or any other type of account until I come of age. The reason why I say this is because when they kicked out my brother in July of 2020 he was 17 and they drained his bank account including all of his savings. + +- the college category. A lot of people are giving different advice and here is the simple truth. I don’t know if I’m gonna go to college or not but I do know that whatever I decide to do is going to require some type of training and said training will more than likely require money. + +- as for the people saying to just have fun I do. I enjoy reading, skiing, soccer, camping, rock climbing. Anything that keeps me out of the house. + +I will try to read all responses but there are a lot. And thanks for the awards. +Hello Everyone! + +Ape help ape. + +\*\*Final one for a few weeks!\*\* + +Howdy all! I've been immensely happy for the good reception this has been getting, and for all the people helping in their needs. I'm just so happy for that. Now just like I always ask, is everyone holding up okay? The world is still very turbulent, and the same applies personally for many too. Alot of people have been having things rough. It's okay to take a breather! Maybe do a little yoga, stretch it out. In, out... ahhhhh! + +While it may still be summertime (depending on where you're from), school is back in session! Whether you're starting another semester at a university, or the little kiddos have their first day back, this can be a crazy time of year. It's okay, take a breather. Enjoy the weather, put your toes in the grass and just feel the breeze. Good things are coming. On the GME front, the Q2 earnings call is coming up, only a week or two away! I know I'm excited to finally see those post splividend, juicy DRS numbers! Even after news of some institutions selling last week (more than likely SHFs) and the number dropping due to the increased free float, just a week later, the percentage locked is nearly back to what is was. They can't stop this! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leeway will be given but outright \*\*saying you sold\*\* (true or not) is not the best to post and \*\*WILL be considered FUD.\*\* No fud please. Basically not spreading of fud and not talking of selling and you'll be good. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +As for the critics, not everyone who's struggling is over leveraged. Alot can change in a year or even just a few months, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone has an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍❤️ + +Stay cool! Don't lose hope, not just in moass or Ryan Cohen, but \*\*never lose hope in yourself!\*\* Love everyone. + +WAGMI. +Looks like serious profit and the P/E is only slightly above 10.33 according to Yahoo Finance. Cash is significantly more than debt, profit margins are hefty..the fundamentals look good, no? + +Edit: looking at the Jan ‘23 $155C +Need some experienced THETA GANG advice. + +I sold a ton of puts of DAL (24/23) and UAL (27/26) expiring 5/8. All positions are put credit spreads. Out of the gate, I am looking at a max loss. Unfortunately, I did not hedge. + +What's the best mitigation strategy? + +* buy market order puts at open which I know to be generally a bad idea? +* BTC the shorts and let the long ride out to try to get to at least break even? +* STO market order call credit spread ATM for the 5/8 expiration? +* All of the above? + +I imagine airlines will gap down hard and with the IV spike, not sure if buying puts with a market order is best? For the same reason, I am concerned about BTC the short legs... anyone with experience managing this type of position please give me your 2c. + +&#x200B; + +EDIT 2020-05-05 + +Several of you have asked me about how this played out. I actually ended up doing far better than originally expected since the initial drop was not as bad as expected and during the huge run-up mid-morning, I was able to get out of the most egregious positions that had big early assignment risk (I had several DAL (25|24) and UAL (27|26). I didn't panic sell the DAL 24/23 or the UAL (25/24) since I saw things were stable and dips were being bought. I anticipated a bounce but nothing could have prepared me for the end of day rally! So, right now, I am not out much money at all and the remaining positions will likely end up being profitable for me. Of course, this is dumb luck. I was all but prepared to sell these positions. I was just waiting a bit to try to roll them out for credit or sell at less of a loss. + +A few people have asked me to post the full positions and why I got into this trade in the first place. My story is interesting and I think there are some lessons to be learned for others, particularly beginners such as myself. I will prepare that post and do a follow-up which will explain my "trading background" which provides some needed behavioral context as well as my thesis, mistakes made, lessons learned, etc. + + +Quick background, I come from forex trading and in forex (as a rule of thumb, and my experience) you need to at least be profitable in 12 month without having huge swings in your equity. Simply, if at the end of 12 month, you are up 45% but you have had 80% drawdowns. That is basically dog shit performance and unreliable account performance. You can not relay on that income. Moreover, it is highly leveraged market, and the losses can exceed your balance as well. A currency pair can move 10 to 50% in one direction without stopping in 2 months and if you are leveraged lets say 1:10 which is considerably low in the FX industry, you will be stopped out half the way. And also, it goes other way around as well, where you can make 50% in one week, or even double/triple. + +Additionally, there are risks of having huge spikes overnight which might actually result in negative account balance, where brokerage built-in auto margin stop outs won't work properly. (Usually they suppose to cut the losses if your open positions are drawing the equity below 50% of your balance.) + +The forex industry is way different that options, but I had to open up with this to then be able to ask the question properly. + +My question is, as a rule of thumb, and your personal experience how long do you need to be in the market making consistent profits to be able to tell that you are "profitable". And consequently divert more funds into your account so that you can do what works, more, and increase the absolute income? + +In "Theta" gang, particularly in CSPs, there is a limited risk, I mean if the underlying isn't a garbage company, in worst case scenario, you'll be bag holding to the shares until they get back up to the point that selling CCs would be above your breakeven. But still due to my prior experience, I can not really wrap my head around this and answer to the question in the first place. + +In my own experience, I have studied options in January, started dipping my toe in the water in March, and started selling CSPs in April. I have made 9 trades, which 8 of them were profitable. The last 5 were according to 45-21 rule. And I made 4 successful withdrawals, and bought groceries with that money and put food on the table. + +I wonder when I need to increase my account size? What percentage of my liquid net worth I have to transfer to my account? + +There is one more aspect that I want to take your attention to, according to my last question. There are rock solid underlyings that you can invest a good chunk of your money without losing sleep at night. Is this ultimately means that I can "yolo" my, let's say, 50% of net worth to my account to sell CSPs? + +Summing up, as a newbie, I'm basically saying, I have been making money in the past 3 months. However I am not sure if this is was a dumb luck or it is the outcome of playing the game by the rules. Should wait and trade 9 more months and then invest-in more or should I do it now? + +&#x200B; + +Edit in advance: This thread tagged as question, but also could be a discussion thread. +I'll try to keep it simple : try to think about crypto from the perspective of a no-coiner, you know, an everyday average Joe. + +Apple makes phones, Spotify gives you music streaming, Chase keeps your money safe, KFC serves you chicken wings, Zoom helps employees communicate, but what the fuck does Solana do for you? Currently valued at 18 billion, but why? + +How can my mom benefit from Solana for example? How can a company benefit from Solana? And how is it different from Avalance, Aave, Matic & the hundreds of other projects? + +Remember, try to reply to me as if you were talking to a no-coiner, use real world example preferably. + +**Edit :** I'm aware of the very obvious money transfer aspect, which is actually great yes, but there are thousands of cryptos offering exactly that. + +I know there are many phone, banks and clothing companies too, but designer clothing doesn't serve the same consumers as kids clothing, just like with premium phones/cheap android phones or islamic banks/off-shore banks. Variety is necessary, but when it comes to money transfer, you just want it done as cheap and fast as possible. No need for a gazillion of projects, right? + +"But the the tech needs time to mature" Maybe, but saying this just proves that *as of now*, crypto is mostly hype and buzzwords ; the future of finance, the future of art, the next internet and whatnot, with not much to back it up. +So I (22F) bought my used car a few years ago for 9k. It has 150k miles on it, but honestly it runs great and can last many more years. It's a 2011 Hyundai Sonata Hybrid. + +Yesterday, a large Chevy truck with a large trailer attached came down my road. My car was parked in front of my house in the same spot that I park every single day and their trailer destroyed my car. The guy who did it was just not paying attention and was too far to the right.. my car stays parked in the grass off of the asphalt. The damages are very obviously worth more than my car itself, I'm currently in the process of getting an estimate. I already filed a report with the cops and his insurance company, too. Luckily, my neighbor caught it all on camera so I have video evidence of him hitting my car. + +He destroyed the whole passenger side of my car. Ripped off my mirror, both of my door handles, and my rear bumper completely. It is dented up pretty bad along the whole passenger side, so much so that you can't even open the passenger door. + +So, as stated, I'm waiting on the estimate now. I went ahead and sent in photos and videos to Progressive (his insurance company). I'll hear back in a few days but I'm extremely nervous about my car being scrapped and considered totaled as I cannot afford a new car right now. + +I was told I may need to sue, but I was then told that finding a lawyer would cost the same as a new car. I'm at a loss. I have no idea what to do and I've never been in a wreck before, let alone gotten a ticket. I'm frustrated because this all happened while my car was parked at my house. Not to mention, my tags and ID are out of state still so I will probably have to pay the $500+ and deal with my car insurance rising just to transfer my tags to Florida (where I currently reside.) + +Any advice is appreciated. Also, will MY insurance go up for his careless mistake, too? Thanks in advance for any responses +**TLDR FOR THE CHIMPS: HOLY SHIT A SCRIPT ON HOW TO DESTROY A COMMUNITY, SURE WOULD HATE FOR THIS TO JUST BE CASUALLY LEFT OUT IN THE O- WHOOOOOOOOOOOOOOOOOOOPS** + + + + +[JUST TAKING OUT THE TRASH, DON'T MIND THESE PAPERS I DROPPED](https://preview.redd.it/ldcbcpyi9tu61.png?width=512&format=png&auto=webp&s=aac2a54254a15b23bfdb93b11b3c319c65373d29) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +1. COINTELPRO Techniques for dilution, misdirection and control of a internet forum +2. Twenty-Five Rules of Disinformation +3. Eight Traits of the Disinformationalist +4. How to Spot a Spy (Cointelpro Agent) +5. Seventeen Techniques for Truth Suppression + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +COINTELPRO Techniques for dilution, misdirection and control of a internet forum.. + +There are several techniques for the control and manipulation of a internet forum no matter what, or who is on it. We will go over each technique and demonstrate that only a minimal number of operatives can be used to eventually and effectively gain a control of a 'uncontrolled forum.' + +**Technique #1 - 'FORUM SLIDING'** + +If a very sensitive posting of a critical nature has been posted on a forum - it can be quickly removed from public view by 'forum sliding.' In this technique a number of unrelated posts are quietly prepositioned on the forum and allowed to 'age.' Each of these misdirectional forum postings can then be called upon at will to trigger a 'forum slide.' The second requirement is that several fake accounts exist, which can be called upon, to ensure that this technique is not exposed to the public. To trigger a 'forum slide' and 'flush' the critical post out of public view it is simply a matter of logging into each account both real and fake and then 'replying' to prepositined postings with a simple 1 or 2 line comment. This brings the unrelated postings to the top of the forum list, and the critical posting 'slides' down the front page, and quickly out of public view. Although it is difficult or impossible to censor the posting it is now lost in a sea of unrelated and unuseful postings. By this means it becomes effective to keep the readers of the forum reading unrelated and non-issue items. + +**Technique #2 - 'CONSENSUS CRACKING'** + +A second highly effective technique (which you can see in operation all the time at [www.abovetopsecret.com](http://www.abovetopsecret.com/)) is 'consensus cracking.' To develop a consensus crack, the following technique is used. Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.' Thus the uninformed reader will most like develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.' + +**Technique #3 - 'TOPIC DILUTION'** + +Topic dilution is not only effective in forum sliding it is also very useful in keeping the forum readers on unrelated and non-productive issues. This is a critical and useful technique to cause a 'RESOURCE BURN.' By implementing continual and non-related postings that distract and disrupt (trolling ) the forum readers they are more effectively stopped from anything of any real productivity. If the intensity of gradual dilution is intense enough, the readers will effectively stop researching and simply slip into a 'gossip mode.' In this state they can be more easily misdirected away from facts towards uninformed conjecture and opinion. The less informed they are the more effective and easy it becomes to control the entire group in the direction that you would desire the group to go in. It must be stressed that a proper assessment of the psychological capabilities and levels of education is first determined of the group to determine at what level to 'drive in the wedge.' By being too far off topic too quickly it may trigger censorship by a forum moderator. + +**Technique #4 - 'INFORMATION COLLECTION'** + +Information collection is also a very effective method to determine the psychological level of the forum members, and to gather intelligence that can be used against them. In this technique in a light and positive environment a 'show you mine so me yours' posting is initiated. From the number of replies and the answers that are provided much statistical information can be gathered. An example is to post your 'favourite weapon' and then encourage other members of the forum to showcase what they have. In this matter it can be determined by reverse proration what percentage of the forum community owns a firearm, and or a illegal weapon. This same method can be used by posing as one of the form members and posting your favourite 'technique of operation.' From the replies various methods that the group utilizes can be studied and effective methods developed to stop them from their activities. + +**Technique #5 - 'ANGER TROLLING'** + +Statistically, there is always a percentage of the forum posters who are more inclined to violence. In order to determine who these individuals are, it is a requirement to present a image to the forum to deliberately incite a strong psychological reaction. From this the most violent in the group can be effectively singled out for reverse IP location and possibly local enforcement tracking. To accomplish this only requires posting a link to a video depicting a local police officer massively abusing his power against a very innocent individual. Statistically of the million or so police officers in America there is always one or two being caught abusing there powers and the taping of the activity can be then used for intelligence gathering purposes - without the requirement to 'stage' a fake abuse video. This method is extremely effective, and the more so the more abusive the video can be made to look. Sometimes it is useful to 'lead' the forum by replying to your own posting with your own statement of violent intent, and that you 'do not care what the authorities think!!' inflammation. By doing this and showing no fear it may be more effective in getting the more silent and self-disciplined violent intent members of the forum to slip and post their real intentions. This can be used later in a court of law during prosecution. + +**Technique #6 - 'GAINING FULL CONTROL'** + +It is important to also be harvesting and continually maneuvering for a forum moderator position. Once this position is obtained, the forum can then be effectively and quietly controlled by deleting unfavourable postings - and one can eventually steer the forum into complete failure and lack of interest by the general public. This is the 'ultimate victory' as the forum is no longer participated with by the general public and no longer useful in maintaining their freedoms. Depending on the level of control you can obtain, you can deliberately steer a forum into defeat by censoring postings, deleting memberships, flooding, and or accidentally taking the forum offline. By this method the forum can be quickly killed. However it is not always in the interest to kill a forum as it can be converted into a 'honey pot' gathering center to collect and misdirect newcomers and from this point be completely used for your control for your agenda purposes. + +**CONCLUSION** + +**Remember these techniques are only effective if the forum participants DO NOT KNOW ABOUT THEM.** Once they are aware of these techniques the operation can completely fail, and the forum can become uncontrolled. At this point other avenues must be considered such as initiating a false legal precidence to simply have the forum shut down and taken offline. This is not desirable as it then leaves the enforcement agencies unable to track the percentage of those in the population who always resist attempts for control against them. Many other techniques can be utilized and developed by the individual and as you develop further techniques of infiltration and control it is imperative to share then with HQ. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Twenty-Five Rules of Disinformation + +*Note: The first rule and last five (or six, depending on situation) rules are generally not directly within the ability of the traditional disinfo artist to apply. These rules are generally used more directly by those at the leadership, key players, or planning level of the criminal conspiracy or conspiracy to cover up.* + +**1.** Hear no evil, see no evil, speak no evil. **Regardless of what you know, don't discuss it** \-- especially if you are a public figure, news anchor, etc. If it's not reported, it didn't happen, and you never have to deal with the issues. + +**2. Become incredulous and indignant.** Avoid discussing key issues and instead focus on side issues which can be used show the topic as being critical of some otherwise sacrosanct group or theme. This is also known as the 'How dare you!' gambit. + +**3.** Create rumor mongers. **Avoid discussing issues by describing all charges, regardless of venue or evidence, as mere rumors and wild accusations.** Other derogatory terms mutually exclusive of truth may work as well. This method which works especially well with a silent press, because the only way the public can learn of the facts are through such 'arguable rumors'. If you can associate the material with the Internet, use this fact to certify it a 'wild rumor' from a 'bunch of kids on the Internet' which can have no basis in fact. + +**4. Use a straw man.** Find or create a seeming element of your opponent's argument which you can easily knock down to make yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges. Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues. + +**5. Sidetrack opponents with name calling and ridicule.** This is also known as the primary 'attack the messenger' ploy, though other methods qualify as variants of that approach. Associate opponents with unpopular titles such as 'kooks', 'right-wing', 'liberal', 'left-wing', 'terrorists', 'conspiracy buffs', 'radicals', 'militia', 'racists', 'religious fanatics', 'sexual deviates', and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues. + +**6.** Hit and Run. In any public forum, **make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded**, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism, reasoning -- simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent's viewpoint. + +**7.** Question motives. **Twist or amplify any fact which could be taken to imply that the opponent operates out of a hidden personal agenda or other bias.** This avoids discussing issues and forces the accuser on the defensive. + +**8.** Invoke authority. **Claim for yourself or associate yourself with authority and present your argument with enough 'jargon' and 'minutia' to illustrate you are 'one who knows'**, and simply say it isn't so without discussing issues or demonstrating concretely why or citing sources. + +**9.** Play Dumb. No matter what evidence or logical argument is offered, **avoid discussing issues except with denials they have any credibility**, make any sense, provide any proof, contain or make a point, have logic, or support a conclusion. Mix well for maximum effect. + +**10. Associate opponent charges with old news.** A derivative of the straw man -- usually, in any large-scale matter of high visibility, someone will make charges early on which can be or were already easily dealt with - a kind of investment for the future should the matter not be so easily contained.) Where it can be foreseen, have your own side raise a straw man issue and have it dealt with early on as part of the initial contingency plans. Subsequent charges, regardless of validity or new ground uncovered, can usually then be associated with the original charge and dismissed as simply being a rehash without need to address current issues -- so much the better where the opponent is or was involved with the original source. + +**11.** Establish and rely upon fall-back positions. **Using a minor matter or element of the facts, take the 'high road' and 'confess' with candor that some innocent mistake, in hindsight, was made** \-- but that opponents have seized on the opportunity to blow it all out of proportion and imply greater criminalities which, 'just isn't so.' Others can reinforce this on your behalf, later, and even publicly 'call for an end to the nonsense' because you have already 'done the right thing.' Done properly, this can garner sympathy and respect for 'coming clean' and 'owning up' to your mistakes without addressing more serious issues. + +**12.** Enigmas have no solution. Drawing upon the overall umbrella of events surrounding the crime and the multitude of players and events, **paint the entire affair as too complex to solve**. This causes those otherwise following the matter to begin to lose interest more quickly without having to address the actual issues. + +**13.** Alice in Wonderland Logic. **Avoid discussion of the issues by reasoning backwards or with an apparent deductive logic** which forbears any actual material fact. + +**14.** Demand complete solutions. **Avoid the issues by requiring opponents to solve the crime at hand completely**, a ploy which works best with issues qualifying for rule 10. + +**15. Fit the facts to alternate conclusions.** This requires creative thinking unless the crime was planned with contingency conclusions in place. + +**16. Vanish evidence and witnesses.** If it does not exist, it is not fact, and you won't have to address the issue. + +**17. Change the subject.** Usually in connection with one of the other ploys listed here, find a way to side-track the discussion with abrasive or controversial comments in hopes of turning attention to a new, more manageable topic. This works especially well with companions who can 'argue' with you over the new topic and polarize the discussion arena in order to avoid discussing more key issues. + +**18. Emotionalize, Antagonize, and Goad Opponents.** If you can't do anything else, chide and taunt your opponents and draw them into emotional responses which will tend to make them look foolish and overly motivated, and generally render their material somewhat less coherent. Not only will you avoid discussing the issues in the first instance, but even if their emotional response addresses the issue, you can further avoid the issues by then focusing on how 'sensitive they are to criticism.' + +**19. Ignore proof presented, demand impossible proofs.** This is perhaps a variant of the 'play dumb' rule. Regardless of what material may be presented by an opponent in public forums, claim the material irrelevant and demand proof that is impossible for the opponent to come by (it may exist, but not be at his disposal, or it may be something which is known to be safely destroyed or withheld, such as a murder weapon.) In order to completely avoid discussing issues, it may be required that you to categorically deny and be critical of media or books as valid sources, deny that witnesses are acceptable, or even deny that statements made by government or other authorities have any meaning or relevance. + +**20.** False evidence. **Whenever possible, introduce new facts or clues designed and manufactured to conflict with opponent presentations** \-- as useful tools to neutralize sensitive issues or impede resolution. This works best when the crime was designed with contingencies for the purpose, and the facts cannot be easily separated from the fabrications. + +**21.** Call a Grand Jury, Special Prosecutor, or other empowered investigative body. **Subvert the (process) to your benefit and effectively neutralize all sensitive issues without open discussion.** Once convened, the evidence and testimony are required to be secret when properly handled. For instance, if you own the prosecuting attorney, it can insure a Grand Jury hears no useful evidence and that the evidence is sealed and unavailable to subsequent investigators. Once a favorable verdict is achieved, the matter can be considered officially closed. Usually, this technique is applied to find the guilty innocent, but it can also be used to obtain charges when seeking to frame a victim. + +**22. Manufacture a new truth.** Create your own expert(s), group(s), author(s), leader(s) or influence existing ones willing to forge new ground via scientific, investigative, or social research or testimony which concludes favorably. In this way, if you must actually address issues, you can do so authoritatively. + +**23. Create bigger distractions.** If the above does not seem to be working to distract from sensitive issues, or to prevent unwanted media coverage of unstoppable events such as trials, create bigger news stories (or treat them as such) to distract the multitudes. + +**24. Silence critics.** If the above methods do not prevail, consider removing opponents from circulation by some definitive solution so that the need to address issues is removed entirely. This can be by their death, arrest and detention, blackmail or destruction of their character by release of blackmail information, or merely by destroying them financially, emotionally, or severely damaging their health. + +**25. Vanish.** If you are a key holder of secrets or otherwise overly illuminated and you think the heat is getting too hot, to avoid the issues, vacate the kitchen. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Eight Traits of the Disinformationalist + +**1) Avoidance.** They never actually discuss issues head-on or provide constructive input, generally avoiding citation of references or credentials. Rather, they merely imply this, that, and the other. Virtually everything about their presentation implies their authority and expert knowledge in the matter without any further justification for credibility. + +**2) Selectivity.** They tend to pick and choose opponents carefully, either applying the hit-and-run approach against mere commentators supportive of opponents, or focusing heavier attacks on key opponents who are known to directly address issues. Should a commentator become argumentative with any success, the focus will shift to include the commentator as well. + +**3) Coincidental.** They tend to surface suddenly and somewhat coincidentally with a new controversial topic with no clear prior record of participation in general discussions in the particular public arena involved. They likewise tend to vanish once the topic is no longer of general concern. They were likely directed or elected to be there for a reason, and vanish with the reason. + +**4) Teamwork.** They tend to operate in self-congratulatory and complementary packs or teams. Of course, this can happen naturally in any public forum, but there will likely be an ongoing pattern of frequent exchanges of this sort where professionals are involved. Sometimes one of the players will infiltrate the opponent camp to become a source for straw man or other tactics designed to dilute opponent presentation strength. + +**5) Anti-conspiratorial.** They almost always have disdain for 'conspiracy theorists' and, usually, for those who in any way believe JFK was not killed by LHO. Ask yourself why, if they hold such disdain for conspiracy theorists, do they focus on defending a single topic discussed in a NG focusing on conspiracies? One might think they would either be trying to make fools of everyone on every topic, or simply ignore the group they hold in such disdain.Or, one might more rightly conclude they have an ulterior motive for their actions in going out of their way to focus as they do. + +**6) Artificial Emotions.** An odd kind of 'artificial' emotionalism and an unusually thick skin -- an ability to persevere and persist even in the face of overwhelming criticism and unacceptance. This likely stems from intelligence community training that, no matter how condemning the evidence, deny everything, and never become emotionally involved or reactive. The net result for a disinfo artist is that emotions can seem artificial. + +Most people, if responding in anger, for instance, will express their animosity throughout their rebuttal. But disinfo types usually have trouble maintaining the 'image' and are hot and cold with respect to pretended emotions and their usually more calm or unemotional communications style. It's just a job, and they often seem unable to 'act their role in character' as well in a communications medium as they might be able in a real face-to-face conversation/confrontation. You might have outright rage and indignation one moment, ho-hum the next, and more anger later -- an emotional yo-yo. + +With respect to being thick-skinned, no amount of criticism will deter them from doing their job, and they will generally continue their old disinfo patterns without any adjustments to criticisms of how obvious it is that they play that game -- where a more rational individual who truly cares what others think might seek to improve their communications style, substance, and so forth, or simply give up. + +**7) Inconsistent.** There is also a tendency to make mistakes which betray their true self/motives. This may stem from not really knowing their topic, or it may be somewhat 'freudian', so to speak, in that perhaps they really root for the side of truth deep within. + +I have noted that often, they will simply cite contradictory information which neutralizes itself and the author. For instance, one such player claimed to be a Navy pilot, but blamed his poor communicating skills (spelling, grammar, incoherent style) on having only a grade-school education. I'm not aware of too many Navy pilots who don't have a college degree. Another claimed no knowledge of a particular topic/situation but later claimed first-hand knowledge of it. + +**8) Time Constant.** Recently discovered, with respect to News Groups, is the response time factor. There are three ways this can be seen to work, especially when the government or other empowered player is involved in a cover up operation: + +a) ANY NG posting by a targeted proponent for truth can result in an IMMEDIATE response. The government and other empowered players can afford to pay people to sit there and watch for an opportunity to do some damage. SINCE DISINFO IN A NG ONLY WORKS IF THE READER SEES IT - FAST RESPONSE IS CALLED FOR, or the visitor may be swayed towards truth. + +b) When dealing in more direct ways with a disinformationalist, such as email, DELAY IS CALLED FOR - there will usually be a minimum of a 48-72 hour delay. This allows a sit-down team discussion on response strategy for best effect, and even enough time to 'get permission' or instruction from a formal chain of command. + +c) In the NG example 1) above, it will often ALSO be seen that bigger guns are drawn and fired after the same 48-72 hours delay - the team approach in play. This is especially true when the targeted truth seeker or their comments are considered more important with respect to potential to reveal truth. Thus, a serious truth sayer will be attacked twice for the same sin. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +How to Spot a Spy (Cointelpro Agent) + +One way to neutralize a potential activist is to get them to be in a group that does all the wrong things. Why? + +**1)** The message doesn't get out. + +**2)** A lot of time is wasted + +**3)** The activist is frustrated and discouraged + +**4)** Nothing good is accomplished. + +FBI and Police Informers and Infiltrators will infest any group and they have phoney activist organizations established. + +Their purpose is to prevent any real movement for justice or eco-peace from developing in this country. + +Agents come in small, medium or large. They can be of any ethnic background. They can be male or female. + +The actual size of the group or movement being infiltrated is irrelevant. It is the potential the movement has for becoming large which brings on the spies and saboteurs. + +This booklet lists tactics agents use to slow things down, foul things up, destroy the movement and keep tabs on activists. + +It is the agent's job to keep the activist from quitting such a group, thus keeping him/her under control. + +In some situations, to get control, the agent will tell the activist: + +* "You're dividing the movement." + +\[Here, I have added the psychological reasons as to WHY this maneuver works to control people\] + +This invites guilty feelings. Many people can be controlled by guilt. The agents begin relationships with activists behind a well-developed mask of "dedication to the cause." Because of their often declared dedication, (and actions designed to prove this), when they criticize the activist, he or she - being truly dedicated to the movement - becomes convinced that somehow, any issues are THEIR fault. This is because a truly dedicated person tends to believe that everyone has a conscience and that nobody would dissimulate and lie like that "on purpose." It's amazing how far agents can go in manipulating an activist because the activist will constantly make excuses for the agent who regularly declares their dedication to the cause. Even if they do, occasionally, suspect the agent, they will pull the wool over their own eyes by rationalizing: "they did that unconsciously... they didn't really mean it... I can help them by being forgiving and accepting " and so on and so forth. + +The agent will tell the activist: + +* "You're a leader!" + +This is designed to enhance the activist's self-esteem. His or her narcissistic admiration of his/her own activist/altruistic intentions increase as he or she identifies with and consciously admires the altruistic declarations of the agent which are deliberately set up to mirror those of the activist. + +This is "malignant pseudoidentification." It is the process by which the agent consciously imitates or simulates a certain behavior to foster the activist's identification with him/her, thus increasing the activist's vulnerability to exploitation. The agent will simulate the more subtle self-concepts of the activist. + +Activists and those who have altruistic self-concepts are most vulnerable to malignant pseudoidentification especially during work with the agent when the interaction includes matter relating to their competency, autonomy, or knowledge. + +The goal of the agent is to increase the activist's general empathy for the agent through pseudo-identification with the activist's self-concepts. + +The most common example of this is the agent who will compliment the activist for his competency or knowledge or value to the movement. On a more subtle level, the agent will simulate affects and mannerisms of the activist which promotes identification via mirroring and feelings of "twinship". It is not unheard of for activists, enamored by the perceived helpfulness and competence of a good agent, to find themselves considering ethical violations and perhaps, even illegal behavior, in the service of their agent/handler. + +The activist's "felt quality of perfection" \[self-concept\] is enhanced, and a strong empathic bond is developed with the agent through his/her imitation and simulation of the victim's own narcissistic investments. \[self-concepts\] That is, if the activist knows, deep inside, their own dedication to the cause, they will project that onto the agent who is "mirroring" them. + +The activist will be deluded into thinking that the agent shares this feeling of identification and bonding. In an activist/social movement setting, the adversarial roles that activists naturally play vis a vis the establishment/government, fosters ongoing processes of intrapsychic splitting so that "twinship alliances" between activist and agent may render whole sectors or reality testing unavailable to the activist. They literally "lose touch with reality." + +Activists who deny their own narcissistic investments \[do not have a good idea of their own self-concepts and that they ARE concepts\] and consciously perceive themselves (accurately, as it were) to be "helpers" endowed with a special amount of altruism are exceedingly vulnerable to the affective (emotional) simulation of the accomplished agent. + +Empathy is fostered in the activist through the expression of quite visible affects. The presentation of tearfulness, sadness, longing, fear, remorse, and guilt, may induce in the helper-oriented activist a strong sense of compassion, while unconsciously enhancing the activist's narcissistic investment in self as the embodiment of goodness. + +The agent's expresssion of such simulated affects may be quite compelling to the observer and difficult to distinguish from deep emotion. + +It can usually be identified by two events, however: + +First, the activist who has analyzed his/her own narcissistic roots and is aware of his/her own potential for being "emotionally hooked," will be able to remain cool and unaffected by such emotional outpourings by the agent. + +As a result of this unaffected, cool, attitude, the Second event will occur: The agent will recompensate much too quickly following such an affective expression leaving the activist with the impression that "the play has ended, the curtain has fallen," and the imposture, for the moment, has finished. The agent will then move quickly to another activist/victim. + +The fact is, the movement doesn't need leaders, it needs MOVERS. "Follow the leader" is a waste of time. + +A good agent will want to meet as often as possible. He or she will talk a lot and say little. One can expect an onslaught of long, unresolved discussions. + +**Some agents take on a pushy, arrogant, or defensive manner:** + +**1)** To disrupt the agenda + +**2)** To side-track the discussion + +**3)** To interrupt repeatedly + +**4)** To feign ignorance + +**5)** To make an unfounded accusation against a person. + +Calling someone a racist, for example. This tactic is used to discredit a person in the eyes of all other group members. + +**Saboteurs** + +Some saboteurs pretend to be activists. She or he will .... + +**1)** Write encyclopedic flyers (in the present day, websites) + +**2)** Print flyers in English only. + +**3)** Have demonstrations in places where no one cares. + +**4)** Solicit funding from rich people instead of grass roots support + +**5)** Display banners with too many words that are confusing. + +**6)** Confuse issues. + +**7)** Make the wrong demands. + +**8)** Compromise the goal. + +**9)** Have endless discussions that waste everyone's time. The agent may accompany the endless discussions with drinking, pot smoking or other amusement to slow down the activist's work. + +**Provocateurs** + +**1)** Want to establish "leaders" to set them up for a fall in order to stop the movement. + +**2)** Suggest doing foolish, illegal things to get the activists in trouble. + +**3)** Encourage militancy. + +**4)** Want to taunt the authorities. + +**5)** Attempt to make the activist compromise their values. + +**6)** Attempt to instigate violence. Activisim ought to always be non-violent. + +**7)** Attempt to provoke revolt among people who are ill-prepared to deal with the reaction of the authorities to such violence. + +**Informants** + +**1)** Want everyone to sign up and sing in and sign everything. + +**2)** Ask a lot of questions (gathering data). + +**3)** Want to know what events the activist is planning to attend. + +**4)** Attempt to make the activist defend him or herself to identify his or her beliefs, goals, and level of committment. + +**Recruiting** + +Legitimate activists do not subject people to hours of persuasive dialog. Their actions, beliefs, and goals speak for themselves. + +Groups that DO recruit are missionaries, military, and fake political parties or movements set up by agents. + +**Surveillance** + +**ALWAYS** assume that you are under surveillance. + +At this point, if you are NOT under surveillance, you are not a very good activist! + +**Scare Tactics** + +They use them. + +Such tactics include slander, defamation, threats, getting close to disaffected or minimally committed fellow activists to persuade them (via psychological tactics described above) to turn against the movement and give false testimony against their former compatriots. They will plant illegal substances on the activist and set up an arrest; they will plant false information and set up "exposure," they will send incriminating letters \[emails\] in the name of the activist; and more; they will do whatever society will allow. + +This booklet in no way covers all the ways agents use to sabotage the lives of sincere an dedicated activists. + +If an agent is "exposed," he or she will be transferred or replaced. + +COINTELPRO is still in operation today under a different code name. It is no longer placed on paper where it can be discovered through the freedom of information act. + +The FBI counterintelligence program's stated purpose: *To expose, disrupt, misdirect, discredit, and otherwise neutralize individuals who the FBI categorize as opposed to the National Interests*. "National Security" means the FBI's security from the people ever finding out the vicious things it does in violation of people's civil liberties. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Seventeen Techniques for Truth Suppression + +*Strong, credible allegations of high-level criminal activity can bring down a government. When the government lacks an effective, fact-based defense, other techniques must be employed. The success of these techniques depends heavily upon a cooperative, compliant press and a mere token opposition party.* + +**1. Dummy up.** If it's not reported, if it's not news, it didn't happen. + +**2. Wax indignant.** This is also known as the "How dare you?" gambit. + +**3. Characterize the charges as "rumors" or, better yet, "wild rumors."** If, in spite of the news blackout, the public is still able to learn about the suspicious facts, it can only be through "rumors." (If they tend to believe the "rumors" it must be because they are simply "paranoid" or "hysterical.") + +**4.** Knock down straw men. **Deal only with the weakest aspects of the weakest charges.** Even better, create your own straw men. Make up wild rumors (or plant false stories) and give them lead play when you appear to debunk all the charges, real and fanciful alike. + +**5. Call the skeptics names like "conspiracy theorist," "nutcase," "ranter," "kook," "crackpot," and, of course, "rumor monger."** Be sure, too, to use heavily loaded verbs and adjectives when characterizing their charges and defending the "more reasonable" government and its defenders. You must then carefully avoid fair and open debate with any of the people you have thus maligned. For insurance, set up your own "skeptics" to shoot down. + +**6.** Impugn motives. **Attempt to marginalize the critics by suggesting strongly that they are not really interested in the truth** but are simply pursuing a partisan political agenda or are out to make money (compared to over-compensated adherents to the government line who, presumably, are not). + +**7. Invoke authority.** Here the controlled press and the sham opposition can be very useful. + +**8. Dismiss the charges as "old news."** + +**9. Come half-clean.** This is also known as "confession and avoidance" or "taking the limited hangout route." This way, you create the impression of candor and honesty while you admit only to relatively harmless, less-than-criminal "mistakes." This stratagem often requires the embrace of a fall-back position quite different from the one originally taken. With effective damage control, the fall-back position need only be peddled by stooge skeptics to carefully limited markets. + +**10. Characterize the crimes as impossibly complex** and the truth as ultimately unknowable. + +**11. Reason backward**, using the deductive method with a vengeance. With thoroughly rigorous deduction, troublesome evidence is irrelevant. E.g. We have a completely free press. If evidence exists that the Vince Foster "suicide" note was forged, they would have reported it. They haven't reported it so there is no such evidence. Another variation on this theme involves the likelihood of a conspiracy leaker and a press who would report the leak. + +**12. Require the skeptics to solve the crime completely.** E.g. If Foster was murdered, who did it and why? + +**13. Change the subject.** This technique includes creating and/or publicizing distractions. + +**14. Lightly report incriminating facts, and then make nothing of them.** This is sometimes referred to as "bump and run" reporting. + +**15. Baldly and brazenly lie.** A favorite way of doing this is to attribute the "facts" furnished the public to a plausible-sounding, but anonymous, source. + +**16.** Expanding further on numbers 4 and 5, **have your own stooges "expose" scandals and champion popular causes.** Their job is to pre-empt real opponents and to play 99-yard football. A variation is to pay rich people for the job who will pretend to spend their own money. + +**17. Flood the Internet with agents.** This is the answer to the question, "What could possibly motivate a person to spend hour upon hour on Internet news groups defending the government and/or the press and harassing genuine critics?" Don t the authorities have defenders enough in all the newspapers, magazines, radio, and television? One would think refusing to print critical letters and screening out serious callers or dumping them from radio talk shows would be control enough, but, obviously, it is not. +There has been a lot of talk of antitrust recently (which I believe and support). So what would happen if the companies get broken up? + +I've never seen a major company get broken up. For example, if Facebook has to make instagram a separate company (based on law), would Instagram have its own stock? Would my current Facebook share be reduced and I would gain an Instagram share? +Good Morning Apes! + +So today is our first ETF FTD date from FTDs created on the Nov. 23rd drop, how much of these FTDs were covered in the massive amount of internalized volume from Friday is hard to say. Even though these internalized and dark pool orders will need to "execute" at some point during the trading day today the effect of that volatility is an unknown. While I do expect buy pressure to exceed sell/short pressure today the internalization of the order flow could upset that expectation, in the short term. + +Many contracts were sold at market open Friday due to the after market spike in IV which will reduce gamma exposure over the T+2 window that ends Wednesday. + +I think u/yelyah2's model picked up on this shift, seeing the DN drop a bit Friday, but many more options were bought on Friday's dip, possibly/hopefully counteracting that effect. + +[Dec 3 MM FTD and Nov 23 ETF FTDs due today.](https://preview.redd.it/rijvjlex5va81.png?width=2462&format=png&auto=webp&s=e55d7a0ec934b65ca027722a266a6194b9c1647e) + +[Net Short](https://preview.redd.it/rmcfgrjg7va81.png?width=205&format=png&auto=webp&s=69901be7613058622f8ba509334e8f5f425dd636) + +Lastly from a technical perspective we look primed for a bounce + +[Technical indicators on the 1D chart](https://preview.redd.it/88q4hyum6va81.png?width=1590&format=png&auto=webp&s=160b73ac6554965ad6c868e9b22157c5b1a49b40) + +**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: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Another day of big put resistance with the leverage being shed into the end of the day on that RIP. The 58% of Friday's Dark Pool volume and the 5.48m traded today are awfully coincidental, to say the least. I sort of expect more after hours volatility to be honest. We will see what tomorrow brings as these FTD cycles are compounding as we move into the cycle from here on out. Thank you for hanging out. + +\- Gherkinit + +https://preview.redd.it/0nlpno5fdxa81.png?width=693&format=png&auto=webp&s=de6f1257472f75673f92df1d98b2976219b51ebd + +Edit 3 12:53 + +Looks like a breakout, let's see if volume is sustained. + +https://preview.redd.it/rtuow02jfwa81.png?width=1590&format=png&auto=webp&s=7c034b806137dfdbbe94b05a4c1a788e05b783dc + +Edit 2 11:07 + +Sustaining support at 120, but massive numbers of ITM puts coming in this is a concentrated effort to drive the price down. + +https://preview.redd.it/7vy4mz4nwva81.png?width=1583&format=png&auto=webp&s=cf38b4d07120a0fcb9616d569158e36233ed18bf + +https://preview.redd.it/vqbrlx4pwva81.png?width=920&format=png&auto=webp&s=1b37c59f0756df1febe439e5126c44f6c4c52295 + +Edit 1 9:47 + +Significant short volume to open the day, backed up by the downturn in the overall market. Looks like we found some stability on 126. Guess they are using those borrowed shares to give us extra discounts. + +https://preview.redd.it/cq5pzameiva81.png?width=1584&format=png&auto=webp&s=1b3b571d0c543a45a0a9c7ddbc0fe274d4b2521a + +# Pre-Market Analysis + +Down about 3.89% currently with a decent amount of volume traded. No obvious gaps to the downside + +Volume: 54.12k + +Max Pain: $140 + +Shares to Borrow: + +IBKR - 20,000 @ 0.6% (rate moving back up) + +Fidelity - 0 @ 0.75% 👀 + +[GME pre-market 1m](https://preview.redd.it/5j7id22b8va81.png?width=1592&format=png&auto=webp&s=93d389e8575010c0b5e1af05bea316278bff83ec) + +CV\_VWAP + +[Still showing signs of increased arbitrage](https://preview.redd.it/uwmblndg8va81.png?width=2449&format=png&auto=webp&s=01b0ae24c73bd29a7cfcd5dd1f2fd7e40e1d081c) + +TTM Squeeze + +[6 fire signals on the daily, looks about ready to pop. ](https://preview.redd.it/nsouq3wm8va81.png?width=2458&format=png&auto=webp&s=7a81f530d5394fa229606ad33bdb6e00665dee5b) + +**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.* +It’s very hard to promote an ICO these days. A few months ago all you had to do was throw a couple announcements on bitcoin talk, have a simple website, and a good idea. Unfortunately, because of all the rip offs and scam ICO’s occurring recently, every ICO now is called a scam and easily dismissed. This is frustrating, especially when you have a working product and a great team who’s ready to create something for the crypto community. + +So, we came up with this idea. Reward the community for simply taking a look at our project, they can call it a scam if they want, but its just too important to go unnoticed. + +Our ICO begins on December 8th. So, everyday for the next (5) days we will be posting this thread to raise some awareness for Vector. And everyday at 10 PM EST we will pick one quality comment on this thread and award the winner one Ether. + +So what is Vector, and what are the rules to win an Ether? + +Vector is a new cryptocurrency exchange focusing on ease of use (so easy your grandma could use it), accessibility (a killer mobile application), and 24/7 phone customer support (in-house customer support). We believe these three insanely important aspects of any successful business are seriously lacking in the crypto world, and the only way for massive crypto adoption to become viable, exchanges will have to address these issues. The VCTR token is used to vote for which coins will be added to the exchange, as well as other features like charting, chatbox support, etc… The VCTR tokens have a built in POS feature, the longer you hold the token, the more votes you accumulate to use on our platform. + +To participate in this daily giveaway: + +⁃ upvote this post for visibility + +⁃ comment one aspect of Vector you like + + +You don’t have to invest in Vector, we just want you to give us a chance. + +Thank you for reading through this post and hearing our elevator pitch. We can’t wait to giveaway our (third) Ether! + + +[Twitter](https://twitter.com/VectorExchange) + +[Facebook](https://www.facebook.com/Vector-Exchange-505212856510679/) + +[Vector Whitelist Now Open (website)](https://vectorexchange.io) + +[English Whitepaper ](https://vectorexchange.io/wp-content/uploads/2017/08/whitepaper-december-1.pdf) + + +Congratulations to previous winners MC024 and TheMilkyWayIsCool for winning 1 Ether! We can’t wait to see who wins today! + +Congratulations to u/Real_Fake_something for winning day 3 of the Vector giveaway! Dm us for your Ether! + +Today has so far been our most successful post yet and we wish we could give away an Ether to everyone who commented! Come back tomorrow for another giveaway :-) + +This thread is now closed. +Please protect your little apes and apettes by not posting their pictures. It is a crazy world out there. + +It’s the weekend, go out for a walk, run. Drink more water, spend time with your families. + +The squeeze will be squoozed. Just BUY, HODL,VOTE. + +Obligatory 🚀🚀🚀🚀🚀 +🩳🩳🩳🩳s most cover. Have a great weekend!!! + +Edit: thank you for the awards. +A month ago, I made a post about Breakouts. A few people asked me to write a similar one for **Pullbacks.** Although this is a very simple setup, there are a lot of nuances which I will try to explain without writing an entire article. Here goes... + +Much like the Breakout, the Pullback is also **one of the most popular and oldest setups around.** Jesse Livermore—who I love to quote—traded this pattern **over 100 years ago**. In his words: + +>*I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction.* + +Let’s translate that to 2022 English, Fam. + +[Livermore is probably rolling over in his grave right now](https://i.redd.it/74jg5qodcdy91.gif) + +# A Framework to View the Markets: The Market Cycle + +Before we look at pullbacks in detail, we first must understand **a fundamental concept called the Market Cycle.** In laymen’s terms, there are four stages that an instrument goes through in some shape or form. + +[Four Stages of the Market Cycle - Applies to all tradable assets](https://preview.redd.it/sqneq47gcdy91.png?width=646&format=png&auto=webp&s=9d194a399725b803fc8c930b82de8e981efc4f66) + +I won’t bore you with the human psychology and emotions behind this theory; please look into **Richard Wyckoff's** body of work for more information. Just know that many institutional traders view the market through this lens. When *'they'* initiate buy/sell programs, that moves prices. And **when big money acts in unison, that creates trends.** + +Price can do one of three things: it can go up (Stage 2), down (Stage 4), or sideways (Stages 1 & 3). Pullbacks are trend-following patterns and therefore can only occur in stage 2 and 4. **Here are two simple rules that should keep most traders out of trouble:** + +1. During Stage 2 Uptrends: **Buy the Pullbacks and Breakouts** +2. During Stage 4 Downtrends: **Sell the Rallies and Breakdowns** + +# The Fundamental Pattern + +On a micro scale, the Market Cycle presents itself as buying and selling waves. Price rarely goes up/down in a straight line. **It ebbs and flows** as Bulls/Bears rotate between buying, adding, taking profit, shorting, and covering. This is the beautiful symphony also known as **Price Action.** + +When buying waves are stronger than selling waves, there is more demand pressure (market buy orders hitting the Ask). This causes price to go up. **Bulls are in control.** When the opposite occurs, there is more supply pressure (market sell orders hitting the Bid). This causes price to go down. **Bears are in control.** + +[The Fundamental Pattern - The Art and Science of Technical Analysis, by Adam Grimes](https://preview.redd.it/kwmz71atcdy91.png?width=986&format=png&auto=webp&s=739a8d4cb6ffeeebbee4a4761d1e658323272f88) + +**A lot of money is required to keep price moving in one direction.** That usually means institutional involvement—they don’t like to lose. So, guess who buys the next pullback to keep the trend going? That’s right: those who are already holding positions from earlier (and those who missed out and are now FOMO’ing). Not to mention all the traders caught on the wrong side of the move. When they are forced to stop out, **it adds fuel to the fire.** The side which is currently in control is now better able to sustain control; **there's a snowball effect.** + +# Fractal and Multiple Timeframe Analysis + +The fundamental price action pattern of **impulse, retracement, impulse** exists on all timeframes. Each leg is composed of smaller iterations of the same pattern. This is called **a fractal.** I’ve zoomed down to the 10-second—and even 1-second chart—to observe this magical dance occurring in real-time. + +[The fractal nature of markets—there's levels to this](https://preview.redd.it/a5z37abxcdy91.png?width=990&format=png&auto=webp&s=8b205ccab9bce16923083dd11fd45583df291855) + +**Price action in the wild is never as clean as described in literature.** But once you start viewing the market in cycles which ebb and flow, the day-to-day movement rarely surprises you. Here’s the post-FOMC chart from November 2. It shows a failed continuation move up (oops), followed by multiple legs down. **Impulse, retracement, impulse.** + +[November 2, 2022 - The fundamental pattern still visible during post-FOMC chaos](https://preview.redd.it/2tvoxspkldy91.png?width=850&format=png&auto=webp&s=3558ea2e640205d703fa6d16cef4ad84a8fb28f8) + +# Pivots and Building Blocks + +Below are two very basic shapes. They are little arrowheads—**or pivots**—each with a green line to indicate strong buying, and a red line to indicate strong selling. The apex is the point where control was lost to the opposing side. + +[Two simple pivots where price reversed](https://preview.redd.it/xzuohf66ddy91.png?width=362&format=png&auto=webp&s=58af849c5bc109679a29fe84994c0a099c8de33b) + +You may remember this shape from such charts as: '***I Bought the Absolute Top’*** or ***‘I Sold at the Very Bottom.’*** And who can forget, ***‘Every Time I Enter a Trade the Market Immediately Goes Against me!’*** + +Jokes aside—pivots are typically not a cause for concern. They are **normal market behavior** as new entrants join the trade, existing positions take profit, add, trim, etc. **Not every turn in price is a reversal.** By definition, a trend must pullback before going on to make a new high/low. + +Look at what happens when I start stacking or combining these basic pivots to build a trend. + +[The development of a classical uptrend, with price respecting prior resistance as new support](https://i.redd.it/wwh9yquvddy91.gif) + +Let’s use these exact same building blocks to construct my favorite pattern, the **Base Breakdown.** + +[Rectangle base breakdown - Impulse, sideways, impulse](https://i.redd.it/je2l6oaxddy91.gif) + +The best breakouts/breakdowns rarely offer a second entry on the re-test. Once they go, they are gone. + +# Trading the Pullback + +That was fun. Let's snap back to reality, oh there goes gravity! Here are illustrations using **candlesticks** rather than MS Paint (still my favorite software since Windows 95 was launched). + +[Uptrend: Higher-highs and higher-lows. Buy the pullbacks](https://preview.redd.it/n06xwq2zddy91.png?width=609&format=png&auto=webp&s=126f846d9e49c8e8685c16a19b9daa6722ece1a5) + +[Downtrend: Lower-highs and lower-lows. Sell the rallies](https://preview.redd.it/36j63p00edy91.png?width=609&format=png&auto=webp&s=42d11185da14daa05c047854c1660217892ac754) + +The textbook entry is *after the pullback* is complete once **the pivot has formed.** That means when the current candle has taken out the prior bar’s range by making a new high (uptrend), or new low (downtrend). Some traders draw a trendline during the pullback and enter on the break of that diagonal line. Both methods are valid since they are relative to price action. **Note that the stop loss is below the pivot low for long, and above the pivot high for short.** + +Some traders enter *during the pullback,* before confirmation that a pivot has formed. But how do you know the retracement is complete if a new high/low hasn’t printed? **You don’t.** + +[Entry off the rising 20 MA and $60 whole dollar](https://i.redd.it/gc6lbk5yedy91.gif) + +This style of pullback trading requires timing and experience. The main reason behind entering *during the reversal* is to **tighten the stop and have a better reward-to-risk.** You must be willing to re-enter if you are initially wrong. Personally, I do this at key levels as seen above. You can fine-tune the entry by going down to a smaller timeframe for better resolution. **Often there is a pullback pattern on the 1 or 2-minute chart not visible on the 5-minute.** + +# Two-Legged + +Sometimes when price gets too extended, one pullback isn’t enough. Despite an initial attempt to rally, buyers fail to push price higher and there is a **second corrective leg.** If you zoom into a lower timeframe, these are often miniature downtrends in their own right. + +[Two-legged pullback, aka the Bi-pedal Pullback](https://preview.redd.it/9q0bjsocfdy91.png?width=852&format=png&auto=webp&s=600445c9b5e4765b48c83bd6739131fe33044ba1) + +When you start seeing more than 2 legs of retracements, it’s probably time to start questioning the integrity of the trend (change of character). Are there enough lower-highs and lower-lows to signal the beginning of downtrend? Break in pivot structure **often leads to trend termination**—and sometimes reversals—but this is the topic for another day. + +# Moving Averages + +You may have noticed most of the above charts contain moving averages (MA). These squiggly lines are useful to gauge the trend at a glance. **I use them as visual shortcuts.** If price is **surfing above a 45-degree sloping MA**, it means we are most likely in an uptrend. This is when we look for pullbacks to go long. If price is **bobbing below a 45-degree sloping line**, we are probably in a downtrend. This is when we look for rallies to go short. + +I use two MA’s to monitor the quality of a trend. When both lines are parallel, the trend is moving at a healthy pace relative to time (not extended). These directional moves are considered sustainable until there is evidence to believe otherwise; **the trend is your friend till the end.** + +[November 3, 2022 - $FIS 5-minute chart downtrend with multiple pullbacks](https://preview.redd.it/n9sglg9mfdy91.png?width=857&format=png&auto=webp&s=94f52a45f408d39c71c707df049d446187901e62) + +There’s very little difference between using the 8, 9, or 10 as your small MA. The same goes for using the 20 or 21 as your big MA. Also, EMA vs. SMA is a matter of preference. Any combination of common MA’s should provide the same picture. **The slope simply measures the velocity at which buying or selling is occurring.** + +Note: Some trend traders use moving averages as their trailing stop. **They wait for a candle to close below the MA during an uptrend.** Using trade management criteria such as this allows them to capture the **bulk of a move.** Traders who don’t have clear exit rules often lament about *leaving money on the table.* **How can you know if a move is over if you have no objective way of measuring?!** + +[October 28, 2022 - $SPY all-day trend. Can you spot the pullback entries and stops?](https://preview.redd.it/knsdm3ptfdy91.png?width=856&format=png&auto=webp&s=724dca71c736035e6125199a291163034027ff99) + +# Don’t Go Chasing Waterfalls + +I’ve stated before that **trading patterns without context is like trading in a vacuum.** These shapes and setups appear countless times throughout the day. However, there are **additional criteria that make some pullbacks better than others.** They include: + +* Fresh catalyst or good daily chart with room to run +* Position relative to key areas (intraday levels, pre-market, VWAP, etc.) +* Number of candles during the retracement (2, 3, 4, etc.) +* Cleanliness of the pullback (fluid with minimal wicks) +* Depth of retracement (Fibonacci anyone?) +* Low volume during pullback and increasing volume upon triggering +* Bottoming/topping tail on the reversal candle that forms the pivot +* Doji/indecision/narrow candle before a new high/low is made +* Change in color bar before the turn (aka the pivot) +* Respecting prior support/resistance areas in pivot structure +* Trend maturity (the probability of continuation decreases on each subsequent impulse leg) +* Distance from MA’s (extended or not) +* At major support/resistance areas on the higher timeframes + +Regarding that last point: One crucial skill every trader should learn is the **ability to draw relevant levels.** Below is the 60-min chart of SPY from Friday. I use this example because somebody asked me why the uptrend stalled where it did. + +[November 4, 2022 - $SPY hourly chart showing relevant levels for the day](https://preview.redd.it/y4lowch6gdy91.png?width=846&format=png&auto=webp&s=87021eb760700e63ba6ef5a05ccc72d7e41023f9) + +Here’s the 2-minute chart showing HOD hit that level at 378.50-ish. LOD also turned out to be the 371 area from above. **Those two zones became the spots where the Stage 2 uptrend and Stage 4 downtrend terminated, respectively.** + +[November 4, 2022 - Levels respected on $SPY during the Market Cycle Phases](https://preview.redd.it/hd6yyce7gdy91.png?width=858&format=png&auto=webp&s=7da2fb2eb768df67b4e8b1381657c6d2227cfccc) + +**Significant levels are like magnets**—price is attracted to them due to the market's natural tendency to chase liquidity. The trend's final leg pushed into those areas and rejected them. And that formed the **apexes for the day.** It would have been useful to be aware of these zones beforehand if you are a pullback trader, no? + +# I See Dead People...They’re Everywhere + +If the entire market is composed of the fundamental pattern on all timeframes, then shouldn’t day trading be an ATM for anyone who can catch every single pivot? The first part of that statement is true—**the market consists of the same patterns over and over.** Only a small portion are worth trading, however. + +Not every chart looks as clean as the examples I presented above. **Knowing when NOT to get involved is half the battle in trading.** Additionally, the lower the timeframe, the more noise is observed in price action. This is why I believe that **beginners should first learn to read price action on at least a 5 or 15-minute chart** before attempting to scalp off the 1-minute. + +Lastly, the market spends more time ranging than trending. Trying to trade pullbacks in these types of conditions will lead to you **getting chopped up—in both directions.** + +[A ranged, or trendless, market - Equal highs and equal lows](https://preview.redd.it/rfpmw1segdy91.png?width=505&format=png&auto=webp&s=c88c4fb06269269ce5721f1d354b8ed1c9eb814d) + +There are many traders who actually prefer to trade ranges. The peaks and troughs are well-defined and offer great reward-to-risk from end-to-end. Personally, that isn't my cup of tea. **I scan for individual stocks** which are trending and **have the potential to keep moving in one direction.** + +Even while day trading, my analysis always starts from the top-down: Daily, Hourly, 15-min, 5-min, and finally the 2-min for entry. It's much easier to catch intraday moves when **institutional, position, and swing traders are on the same side as you.** + +And there you have it: my second favorite day/swing trading setup of all-time. Yikes—looks like I just wrote another article! Please feel free to share your own charts since we can now add images to comments :) +Mid 30s, IT professional. Married, 2 very young kids. Target FIRE age early 40s @ 3% SWR. + +I've been at my current company for over 6 years, so I feel like I'm overdue to change jobs to get that coveted big salary bump (say, +20% salary for changing jobs). It's always felt like the "right" thing to do at my age (prime of career?) to maximize earning power. + +That said, my current job is pretty chill, good work life balance and benefits - but I know I'll never get a +20% salary bump through raises/promotions at my current company. I'm not saying I wouldn't still *look* for the work/life balance perks in a new job, but it's always a gamble for it to pan out the way they tell you it will in the interviews. + +And while it feels foolish to not pursue a +20% salary bump, when I put the numbers into my FIRE calculator, it doesn't even shave a year off my time to FIRE. + +What are opinions on it being worth it and risk assessment here? +EDIT: Topline edit - Are you a data scientist or analyst? Have something to add to this? DM me and I'll add it to the thread and credit you for your work. + +Alright so here's what I've been researching this morning and where I'm currently stuck at. + +[According to Investopedia](https://www.investopedia.com/terms/p/paymentoforderflow.asp) all brokers are required by law to report all of their PFOF info and where they are routing our orders to. + +https://preview.redd.it/3opd3io345o81.jpg?width=613&format=pjpg&auto=webp&s=918c9813274a11d33b3ed61acf502dbb9060bc82 + +[Also here is the 334 page SEC Disclosure of Order Handling Information](https://www.sec.gov/rules/final/2018/34-84528.pdf) mentioned in the last bit in the above image made in 2018. + +Now - This is due to SEC rule [Rule 11Ac1-5](https://www.sec.gov/rules/final/34-43590.htm) which has this very interesting line in the summary that says broker-dealers are literally required by law to tell us where our individual orders were routed. Not just PFOF orders - but all orders. + +&#x200B; + +[I'm sorry what?](https://preview.redd.it/0ei6on8545o81.png?width=523&format=png&auto=webp&s=18a1052a969dc35a62ab8730595011b9229d6f20) + +Am I reading this correctly? Every single time we place an order with ANY broker, they are required by law to tell us where that order is being routed to? Not just PFOF orders - ALL ORDERS. So if we wanted to make sure we were actually receiving the "best possible prices" we can verify this? + +So in theory - if my order is going to my broker who is using Citadel as a - MARKET MAKER - they are legally obligated to report where each and every singular share is routed to. Right? + +So I got to thinking, why not just look up this Rule 605 / 606 disclosure from Citadel? It was actually really easy to find via a quick google search. + +Here is their monthly [Rule 605 and 606 Statements.](https://www.citadelsecurities.com/rule-605-606-statements/) The problem however is how these crooks format these statements. + +They are completely unreadable to anyone who doesn't understand their formatting rules. It's done like this on purpose so we can't go through the data easily. It's just a bunch of numbers broken down by ticker followed by a bunch of numbers between line breaks. + +*Helpful hint on navigating these - just Control+F and type in the ticker you're curious about.* + +As an example - here is GME & BBBY for January 2022 + +[Citadel's January 2022 GME 605\/606 Statement](https://preview.redd.it/os4j12cn45o81.png?width=1023&format=png&auto=webp&s=44cfd3bfd64094fd08ec6df1294bad159051156c) + +[Citadel's January 2022 BBBY 605\/606 Statement](https://preview.redd.it/o501y6vp45o81.png?width=1117&format=png&auto=webp&s=da9e10269d6dd363a6dae732df1ec7cc8ab5871f) + +See - this info is completely useless... + +So I thought - alright, lets sort these things out in a spreadsheet so they're easier to read and organize - but of course they aren't even able to be sorted because of how these guys input them with no spaces and|line|breaks|instead|to|make|it|difficult. Nothing is labeled - it's just raw data. + +Example: + +[asshats](https://preview.redd.it/qd2jp7ot45o81.png?width=853&format=png&auto=webp&s=3505384ec5074de005ff32483fb86e88e4fa1b24) + +So I used a little bit of sheets wizardry and voila - now we have this nice clean google sheet - which I [have made public for you all](https://docs.google.com/spreadsheets/d/11KaorBH5-Ly_oh-E9iyeVVA3TUNVj5L1Q0tNAV56BQc/edit?usp=sharing) to view/download at your convenience. + +It goes from Dec. 2020 - Jan. 22 + +&#x200B; + +[Like Magic\~](https://preview.redd.it/0e8ldy7v45o81.png?width=1470&format=png&auto=webp&s=857223fee22395fda9ffa7301aaf056bfc184fe5) + +All of the numbers on these sheets represent something.. Shares, dollars, brokers, dark pools, ftds, etc. It's our job to figure it out. This is where I'm stuck. + +The most interesting column to me is "Column Q" which shows certain values in positives and certain values in negatives. I'm wondering if that might actually be their profit/loss or how much above/below the NBB it is - etc. + +[Column Q](https://preview.redd.it/hr9rj8d285o81.png?width=104&format=png&auto=webp&s=d20dd109c5770ac61be1deb574916095aace2f91) + +This data needs to be compared and shared with our collective intelligence to make sense of it. + +In fact I even made a full tutorial on how you can do this yourself. It's all of 2 minutes long (super simple) Just in case you want to test this out on any other tickers, go back further than I did, or just look through Citadel's numbers - it's quite easy and done in just a few short steps. + +[Go to my Tutorial Here](https://youtu.be/RUhE7DtljXw) \- Note - the video is set to unlisted on my YT channel so unless you have the link or visit it from here it wont show up on my playlist. It's for us, not the world. + +**So what now? Why post all this?** + +Well - we know that we're all the best detectives on the planet. I figured giving the masses access to this data would help us start to figure this out in order to send something to the SEC or DOJ. + +It's all numbers and our brokers are legally required to tell us exactly where the shares being bought and sold are being routed to. I'm hoping this will help shed some light into the dark pools. + +I hope I've found something useful and new but if not sorry for wasting your time. + +Cheers Apes. Happy Friday + +&#x200B; + +# UPDATE CREDIT TO u/EtoshOE for finding the answer to the columns values! + +Answer - [https://old.reddit.com/r/Superstonk/comments/th0ws5/citadels\_rule\_605606\_statements\_unmasked\_im/i15n9uy/](https://old.reddit.com/r/Superstonk/comments/th0ws5/citadels_rule_605606_statements_unmasked_im/i15n9uy/) + +\>! On Citadel's page they link the SEC FAQ + +Question 1 on the FAQ: + +>A description of each of the fields may be found in paragraphs (a)(1) through (a)(26) of Section VI of the Joint-SRO Plan. + +So I searched Joint-SRO Plan which can be found here: [https://www.sec.gov/interps/legal/slbim12rappxa.htm](https://www.sec.gov/interps/legal/slbim12rappxa.htm) + +And here are all the items from 1 to 26, problem solved mate ;) + +VI. File Structure + +(a) Order and Format of Fields + +**Column A** (1) The first field in a file shall be the code identifying the Participant that is acting as Designated Participant for the market center under Section VIII of the Plan. The Participant identification codes are as follows: Amex - "A"; BSE - "B"; CHX - "M"; CSE - "C"; NASD - "T"; NYSE - "N"; PCX - "P"; Phlx - "X". + +**Column B** (2) The next field in a file shall be the code identifying the market center, as assigned by a Designated Participant pursuant to Section VIII of the Plan. + +**Column C** (3) The next field in a file shall be the six-digit code identifying the date of the calendar month of trading for the market center report contained in the file ("yyyymm"). + +**Column D** (4) The next field in a file shall be the symbol assigned to an individual security under the national market system plan pursuant to which the consolidated best bid and offer for such security are disseminated on a current and continuous basis. + +**Column E** (5) The next field in a file shall be the code for the one of the five types of order by which the Rule requires a market center to categorize its report. The order type codes are as follows: market orders - "11"; marketable limit orders - "12"; inside-the-quote limit orders - "13"; at-the-quote limit orders - "14"; near-the-quote limit orders - "15". + +**Column F** (6) The next field in a file shall be the code for one of the four order size buckets by which the Rule requires a market center to categorize its report. The order size codes are as follows: 100-499 shares - "21"; 500-1999 shares - "22"; 2000-4999 shares - "23"; 5000 or more shares - "24". + +**Column G** (7) The next field in a file shall be the number of covered orders, as specified in paragraph (b)(1)(i)(A) of the Rule. + +**Column H** (8) The next field in a file shall be the cumulative number of shares of covered orders, as specified in paragraph (b)(1)(i)(B) of the Rule. + +**Column I** (9) The next field in a file shall be the cumulative number of shares of covered orders cancelled prior to execution, as specified in paragraph (b)(1)(i)(C) of the Rule. + +**Column J** (10) The next field in a file shall be the cumulative number of shares of covered orders executed at the receiving market center, as specified in paragraph (b)(1)(i)(D) of the Rule. + +**Column K** (11) The next field in a file shall be the cumulative number of shares of covered orders executed at any other venue, as specified in paragraph (b)(1)(i)(E) of the Rule. + +**Column L** (12) The next field in a file shall be the cumulative number of shares of covered orders executed from 0 to 9 seconds after the time of order receipt, as specified in paragraph (b)(1)(i)(F) of the Rule. + +**Column M** (13) The next field in a file shall be the cumulative number of shares of covered orders executed from 10 to 29 seconds after the time of order receipt, as specified in paragraph (b)(1)(i)(G) of the Rule. + +**Column N** (14) The next field in a file shall be the cumulative number of shares of covered orders executed from 30 to 59 seconds after the time of order receipt, as specified in paragraph (b)(1)(i)(H) of the Rule. + +**Column O** (15) The next field in a file shall be the cumulative number of shares of covered orders executed from 60 to 299 seconds after the time of order receipt, as specified in paragraph (b)(1)(i)(I) of the Rule. + +**Column P** (16) The next field in a file shall be the cumulative number of shares of covered orders executed from 5 minutes to 30 minutes after the time of order receipt, as specified in paragraph (b)(1)(i)(J) of the Rule. + +**Column Q** (17) The next field in a file shall be the average realized spread for executions of covered orders, as specified in paragraph (b)(1)(i)(K) of the Rule. The amount shall be expressed in dollars and carried out to four decimal places. + +**Column R** (18) The next field in a file shall be the average effective spread for executions of covered orders, as specified in paragraph (b)(1)(ii)(A) of the Rule. The amount shall be expressed in dollars and carried out to four decimal places. + +**Column S** (19) The next field in a file shall be the cumulative number of shares of covered orders executed with price improvement, as specified in paragraph (b)(1)(ii)(B) of the Rule. + +**Column T** (20) The next field in a file shall be, for shares executed with price improvement, the share-weighted average amount per share that prices were improved, as specified in paragraph (b)(1)(ii)(C) of the Rule. The amount shall be expressed in dollars and carried out to four decimal places. + +**Column U** (21) The next field in a file shall be, for shares executed with price improvement, the share-weighted average period from the time of order receipt to the time of order execution, as specified in paragraph (b)(1)(ii)(D) of the Rule. The period shall be expressed in number of seconds and carried out to one decimal place. + +**Column V** (22) The next field in a file shall be the cumulative number of shares of covered orders executed at the quote, as specified in paragraph (b)(1)(ii)(E) of the Rule. + +**Column W** (23) The next field in a file shall be, for shares executed at the quote, the share-weighted average period of time from the time of order receipt to the time of order execution, as specified in paragraph (b)(1)(ii)(F) of the Rule. The period shall be expressed in number of seconds and carried out to one decimal place. + +**Column X** (24) The next field in a file shall be the cumulative number of shares of covered orders executed outside the quote, as specified in paragraph (b)(1)(ii)(G) of the Rule. + +**Column Y** (25) The next field in a file shall be, for shares executed outside the quote, the share-weighted average amount per share that prices were outside the quote, as specified in paragraph (b)(1)(ii)(H) of the Rule. The amount shall be expressed in dollars and carried out to four decimal places. + +**Column Z** (26) The next field in a file shall be, for shares executed outside the quote, the share-weighted average period of time from the time of order receipt to the time of order execution, as specified in paragraph (b)(1)(ii)(I) of the Rule. The period shall be expressed in number of seconds and carried out to one decimal place. !< + +# Citadel's 605/606 shows exclusively T, NASD is the National Association of Securities Dealers which is the predecessor to FINRA + +# NASD is literally FINRA +8%/$9K of my salary 21/22FY went to HECS + 5%/$6K CPI was applied. With CPI projected to hit 7.7% EOY, $8.5K will be added to my HECS this FY. I will contribute the same amount as last FY ($9K) but only be able to wipe $500. This is also effecting my borrowing ability for a home loan etc. +Anyone have tips on how to tackle this… I.e. is it worth writing to a minister? + +Thanks! +Wife wants us to buy a house, live in it and then rent it out when we are have enough money to go to a bigger place. + +I've tried to explain to her that being a landlord isn't as easy as she thinks and it's not a "passive" income at all, as you need to be on top of things constantly. + +She says that if we can get a 3 bedroom house at any Uni city, that will definitely be at least £500 per room, hence it's impossible to not be profitable. + + +I've run out of ways to tell her that it won't be that easy. + +Can anyone with experience please lay it down with maybe percentages on why the returns would be so slim that we better off put our money on a stable stock plan instead? +I'm a new hire at a large intigrated medical company. Manager offered a $500 sign on bonus in the interview. I never got it in writing, but asked about it after 30 days and the manager is now denying it. Should I take it higher in the company and Lodge a formal complaint. Is it financially worth it? Or should I just keep my head down and forget it? I'm also upset about being gaslit, but could use really use the money as well. + +Edit: Thanks for the response and advice guys. As a young professional I greatly appreciate your wisdom. Gonna go ahead and start looking for other options, before resignation from this company. I can correct my own behavior, but I can't correct a managers. +I grew up with a financially illiiterate family that never spoke about money (Dad who paid for 4 concurrent tv/broadband services at once while only using 1 and used cars as (im)mobile sheds) so this sub has become somewhat of a bible for me. + +I wanted to say thank you to the endless contributions that everyone makes here, it's thanks to this treasure trove of information that i've been able organise my finances, change career to get off the poverty line and to now being in the position where i'm buying my first house in the SE. I've now made the next step on the flowchart to dipping my toes into a vanguard global index tracker. + +Thank you from the bottom of my heart, the dedication and selfless advice you all give every day is life changing! +Looking for 2 very long-term ETFs (can be Portfolios or just single ETFs). + +My goal is to have one growth ETF and one Dividend ETF and would like to purchase it in CAD dollars and dollar cost average every two weeks. Currently, I am looking at [XGRO.TO](https://XGRO.TO) and [XDIV.TO](https://XDIV.TO) but am open to hearing about other investment options that I should look into. + +&#x200B; + +Any suggestions? Thanks in advance. +I love dividends and enjoy seeing when I get paid and how much. I have resorted to creating my own spread sheet and using the app Mint- that tells me when I get paid , also how much of that is reinvested. .. but I want more. ... + +I was browsing YouTube and noticed [https://www.dividenddata.com](https://www.dividenddata.com) and [https://www.sharesight.com/ca/dividend-tracker/](https://www.sharesight.com/ca/dividend-tracker/) ..... has anyone used any of those? or are there better ones for Canadian dividends?? any recommendations? +Gary "GG" Gensler sworn in on the weekend. The SEC with their two cancellations over the past weeks, leading to getting GG in extremely quickly, heading the SEC moving forward. This IMO is strange, as the SEC usually moves like snails about anything. I believe they are getting their ducks in a row for some huge changes coming this weekend potentially, but with a good chance we see major changes rolling out this coming week. + +Not to get over excited or exclaim dates, but this is extremely bullish for the coming week. Confirmation bias of MOASS on the horizon. GG. +Hi all. So I'm a kiwi (20f) and I'm in Aus on a PR visa. Sometime next year I really wanna go back for a week with my partner to visit family etc. While I'm on an ok income of about 40k I don't think I can save up enough for the trip as I'm also trying to save for a car ( currently at around 5k) + +I've been looking into Qantas frequent flyer points to reduce the cost a bit, I currently have around 3000 points and wanna try and boost it up to around 30k for the trip. So I was looking into the Qantas credit cards. + +I can get the premier everyday card at 49$ PA. 8k points on sign up and 0.75 points per dollar used. It has a 4k credit limit and 19.99% retail purchase rate. + +I would only use it on small expenses such such as fuel or groceries and pay it back well before the 55 day interest free period of 55 days. + +I've never had a credit card before and am nervous as I don't want to fall into debt with it. + +Is this a good idea? Are there other options I could look at etc. TIA. +[https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02326954-2A1272561?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02326954-2A1272561?access_token=83ff96335c2d45a094df02a206a39ff4) +After participating in [this comment thread](https://www.reddit.com/r/GME/comments/og17ig/rgme_megathread_for_thursday_july_08_2021/h4huqj1/?context=8&depth=9) about a possible dividend announcement only needing 10 minutes of notice to the public, I decided to do some digging. This is my first time posting anything remotely DD-ish, so criticism is welcome. If I got anything wrong please correct me and I'll change it so as not to spread misinformation. Also, I'm literally drinking a crayon smoothie right now so don't listen to me for financial advice. + +Edit: in comment threads with two different people it seems that I may have misread the rules, or they could be interpreted differently. The 10 day period applies to the record date, and the NYSE must be told at least 10 minutes before the media. So whenever it is announced, the NYSE will have been told 10 minutes before, possibly to ensure trading halts are in place. + +Anyway, here's what I found: + + +We'll be using the [NYSE rules webpage](https://nyseguide.srorules.com/listed-company-manual/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B0588BF4A-D3B5-4B91-94EA-BE9F17057DF0%7D--WKUS_TAL_5667%23teid-53) as a source. First thing of note is Section 204.12 (B): + +>Prompt notice will be given to the Exchange as to any dividend action or +action relating to a stock distribution in respect of a listed stock +(including the omission or postponement of a dividend action at the +customary time as well as the declaration of a dividend). Such notice is +in addition to immediate publicity and should be given at least ten +days in advance of the record date. The dividend notice should be given +to the Exchange in accordance with Section 204.00. Notice should be +given as soon as possible after declaration and in any event, no later +than 10 minutes before the announcement to the news media (including +when the notice is to be issued outside of Exchange trading hours). + + +So they have to notify NYSE at least 10 days in advance. Notice the 'immediate publicity' part. Interesting, yeah? It refers to Section 204.01: + +>Immediate publicity must be given to the calling of a shareholders' +meeting where any matter affecting the rights or privileges of +shareholders or any other matter not of routine nature is to be +considered. This publicity should adequately describe the matter to be +considered. + + +So they only need to have immediate publicity if they are calling a shareholders meeting. Since we haven't heard anything about a shareholders meeting it is appropriate to assume there isn't one, and as such there is no publicity. This leaves us with a 10-minute notice period to the media. Of course, further on in Section 204.12 it says: + +>Declaration of a dividend necessitates that the Exchange give advance +notice to its member organizations as to the record date and other +details pertaining to the dividend so they may have shares held by them, +but registered in the names of others, transferred to the proper names +for orderly receipt of the dividend. + + +The NYSE would notify member organizations. There is no other mention of notification to the public. They are not required to disclose it. Even Investopedia says near the end of [this article](https://www.investopedia.com/ask/answers/090415/who-actually-declares-dividend.asp) that the first date in a dividend process is the Declaration Date, which happens on the date the company commits to the dividend. + +To summarize, GameStop needs to provide at least 10 days' notice to NYSE of a dividend but only 10 minutes' notice to media. Or in other words, GME moon soon. +I was watching a TV show recently where Anton Du Beke revealed that he has a "private bank" with Coutts. + +I wasn't familiar with the term so, out of curiosity, had a look on the Coutts website but it was surprisingly vague about what their private banking services actually are. + + +Wasn't sure where else to ask this question, so if this post isn't allowed let me know and I'll delete it. +Edit: The turkey WAS on the bottom shelf, which sits above two produce drawers, which sit above a deli drawer. Double bagged, and I mistakenly relied on double plastic bags to protect it from leaking. Place in a suitably sized container while thawing. That's all the advice I was trying to give. + +LifeProTip reminder for the US people: Bag up your thawing turkey REALLY REALLY well, triple bagged in very secure/high quality plastic. And/or place in a big leak-proof dish. Trust me. As I type this, I am coated in bleach and turkey juice from a turkey that leaked down into every single crack and crevice of my fridge. Most of my produce and deli meat/cheese drawer contents are unusable. I plan to cook up the onions and potatoes at least to save them. I had mine double bagged, but the plastic shopping bags were the crummy kind, apparently. Yes I am doing an early turkey, it's for meal prep purposes. + +Make your Thanksgiving as pleasant as possible and do not thaw a turkey without proper protection. Thaw below everything else in the fridge. Those "free" turkeys could cost you your entire holiday and make it very unpleasant. +Hello! + +I am currently selling a house that i inherited from my dad. I am splitting it with my sister so my cut is about 27 k euros. I think I will need that money when i go to college/uni and thats in about 4-5 years. How can i invest my money so i can beat the inflation and earn something on top of that. I would probably diversify the investments. +So i lost, over 50k eur over a year on forex. I do trade 1:500 leavrege, and i think im more into a gambling side. + +I tried to improove my mental state, while trading etc, but emotions roll over me all The time. + +Any advice? +I trade mainly XAUUSD and yesterday (monday) my account size decreased significantly. How you guys mitigate bad taste in the mouth after losing a trade. + +(Edit) Today is a good session where I recover my loss (15%). Thanks for sharing tips and your experiences. +As someone new to Forex trading, I'm spending most of my available free time reading books and watching videos all about trading (Risk management, fundamental/technical Analysis, trading psychology). What I repeatedly read and hear is that **trading is easy** and **consistantly profitable trading is 60% psychology, 30% risk management and 10% strategy.** The latter is from Adam Khoo. + +If strategy really plays such a small role, why is it so difficult to create a profitable algo bot? Bots don't care about psychology and risk management is simple to program. They are 100% consistant. So I can't see how this is true. You could argue that humans take some factors into account which cannot be automated. But what are these? Most strategies I find use technical indicators and candlestick patterns - very simple for a bot to automate. + +**"It's all about risk management"**. Risk management and psychology doesn't matter if new traders haven't found an edge yet, which is probably the most difficult thing to figure out. Without knowing the edge, risk management can't help you. + +So my question is, if finding a strategy is only a small part of becoming a profitable trader, why is it so difficult to create profitable algo bots? +I am new here. and also still new in trading.. well to say how far I have gone I have lost USD1200 so far from trading. i'm in my late 20s and getting bothered about having a consistent income/cashflow. My question is whether it is possible to earn a living only from trading ? + +for a very long time I stopped the regular job. nearly 6 years, been hustling since I was 15+ on monthly wages, been able to save up a decent amount of money with properties here and there. Yup have some money stashed up in the bank, and getting less than 1% yearly while spending more than I'm getting now. + +I do not' see myself going back to 6-5 jobs ever again. At this point of my life I want a cash flow. There are 131k traders here. I believe there are more than a handful of you who can give me a good answer and a sound advise/ or guidance on how to go about it. thanks +After seeing LRS be compared to ADN several times, I decided to look into them both in detail, and see what I could find. +I have a small holding of LRS and LRSOC on hodl because I am geologist and lik rocks, especially clays. No ADN holding as yet. + +[Here is a summary of findings.](https://imgur.com/a/DgAgya7) + +Both are kaolin projects looking for high-grade (>10%) halloysite in Australia, at a time when kaolin prices are high and rising. Both claim to be phat. Both have similar deposits: extensively kaolin-altered granite from prolonged weathering, thin overburden, easy to mine open-pit, not too far from ports. + +**Jesus Christ Marie, They're Minerals!** + +For kaolin deposits (used in paper, ceramics, cosmetics, industrial catalysts, etc.) you want: +* Purity: high kaolin (min %), low relative quartz, also very low (trace) iron and titanium +* Brightness (reflectance R457 >80% or >80 ISO B): moderate (75–80 ISO B), high (80–84 ISO B), ultra (>84 ISO B) +* Very fine particle size (reported as “-45 microns”; my interp is <45 μm) + +**Similarities:** + +Geology, market, low-cost mining, bright halloysite-rich clays. Both have similar individual insider investment at solid levels, and low company & institution investment. + +Both have interest in other projects around the world, mostly in copper and gold. + +**Differences:** + +ADN has no debt and has just started operating at a profit. ADN is in Mineral Resource feasibility stage, meaning much less geological risk, but they only own 75% of the Resource. They have done pilot plant trials, processing tests, looked at transportation, etc. + +It looks like they are almost at parmy dinner time, and simplywall.st call them “significantly below fair value” based on their earning potential. Price has 6-bagged in ~18 months. + +LRS is in debt**, with no equity. High financial risk?? In pre-discovery/early discovery stage. From my calcs, it has a potentially bigger deposit (up to 2×), is much richer in kaolin (cheaper processing?), and so far has a bit more halloysite. But it does have lower brightness… might have more Fe/Ti (bad), but I reckon could just be due to the broad sampling regime. + +Because of all this, LRS has much higher SP volatility (more risk, more reward!). It’s already 10+ bagged in 7 months. + +I am not in finance, but I have to think that the debt and lack of equity will mean some fundraising will be needed. Dilution? Taking on more debt? Partnerships? Who knows, but with 239% dilution in 12 months, further dilution has got to be a risk. + +** *Edit: NoDuffTrading, DizzyPerception and others have pointed out LRS is currently debt-free! Financial data on SimplyWall.St data are outdated. LRS has paid for services (marketing, financial advisors, etc.) partly in options. This changes my assessment somewhat, as investment risk now is less about ongoing debt, and more about dilution when the unlisted options come on board.* + +**TL;DR: LRS vs ADN.** + +**ADN** 75% of big deposit. Decent kaolin and halloysite (clean af too). Chowing down on chicken! No debt, close to extraction, heaps of work done on how to process, etc. 10-bagged from July 2019. Probably more in the tank? + +**LRS** 100% of bigger deposit. Heaps more kaolin, maybe more halloysite? LRS is cheap, but is broke** & having to live on mi goreng (with no dole income). Has shit-load of spending to go before it can make bank. If they sort their shit out, they should be able to make LOTS of bank. I’m expecting my cordial to be diluted… but cordial does go well with tenders. + +*Final thoughts* + +I calculated the average LRS values for kaolin, kaolinite, halloysite and brightness myself from the released data. Other data are from public presentations or announcements. +I may have derped. Also sampling has only been released for 14 holes out of 197 drilled, so there's lots of news (and lots of risk) still to come! + +Edit: Ignore "AND" autocorrect everywhere, Office will NOT leave ADN tf alone! Also formatting. If anyone knows how to embed pic pls halp. +Edit edit: added disclaimer about debt being outdated info (fu SimplyWall.St) +Edit 3: added dilution comparison + +**Comparison of future fully diluted securities** (as suggested by Phishbaron) + +**LRS share dilution** + +As of 26/02/2021 for LRS there are: +* 1,153,293,901 currently fully paid ordinary shares +* 114,200,000 FPS in escrow (~9.9% current) +* 566,848,124 listed options (~40.5% current) expiring Dec 2021 +* 59,666,667 unlisted options (~5.2% current) expiring 2022-2024 + +This represents a total dilution of ~64% over the next 3 years, if all options are converted / released from escrow. +A ~49% dilution will happen next year (by 31 Dec 2022) if all listed options are converted (no reason to think this would not happen at this stage). This would also give LRS an extra ~$6.8M. + +**ADN share dilution** + +As of 22/02/2021 for ADN there are: +* 2,153,727,827 fully paid ordinary shares +* 89,820,000 unlisted options (~4.2% current) expiring 2021-2023 + +This represents a total dilution of only ~4.2% over the next couple of years. + +From this, *LRS owners are facing over 10 times more dilution than ADN owners*, with the bulk of that happening over the next 18 months. +This could change if either issue more options, but for now issuing substantial additional shares seems less likely since both are operating with no debt. +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! +This is pure speculation. + +Watching certain tickers for the past week including yesterday and this morning, my gut is telling me that we are witnessing… and perhaps have been witnessing… a controlled liquidation for the past several days, if not since last week and it is now getting to the short bets being liquidated. + +First, I’m not sure how liquidation would work, but please don’t kill me lol. In my opinion, you would sell everything of value first (blue chip stocks going down) and with that money, you would start to cover the bets you made that need to be paid back (shorts, puts, etc.) with that collateral. + +If you look at some of the stocks that went up yesterday and the ones going up in premarket, you can almost tell which ones they had heavy bets in. + +Robbingthehood? Up 24% premarket. Who wouldn’t short that? + +Netflix / Amazon / Tesla / Facebook? They have been on the downtrend for some time, why not short them? They are all up premarket and went up yesterday. + +MULN / CENN / CLVR? I feel like something is there with these but I can’t put my finger on it. MULN is up 20%. They are all been speculated to have been heavily shorted as well. + +Watching how they are borrowing shares could also be a sign. They went crazy with it yesterday and they are doing the same thing today to try and bring down the price of our stock. Have a feeling they are probably doing the same with the other non-blue chip stocks. + +I don’t want to rule out ETF covering, or It could be something with the swaps as well (can you liquidate a swap?) + +**There is only one stock that they are deathly afraid of running and that’s GameStop.** Why? Because we have DRS, bought the float many times over, and aren’t selling. That alone is going to screw over many, many other hedge funds. + + +The gains of other stocks will be weak in comparison to us… But my trust me bro gut is saying there is more to the increases we seen yesterday. Buckle the fuck up. + +TLDR: My trust me bro gut speculates we are witnessing a super small firm being liquidated and this is only the beginning of a wild ride, and they are trying everything not to let us run and they will lose control. +I've been thinking a lot about [this video by John Green](https://www.youtube.com/watch?v=G6egT4fddFc). I think the idea of recognizing when you have enough and being content with that is well trodden, but he covers some really interesting thoughts about the ways that wealth can insulate you from suffering to the point that you stop paying attention to it and that this a net loss for you and for the world. Essentially, enough is too much if you're so comfortable that you can no longer relate to the rest of the world and you stop trying to make it a better place. I don't think this gets covered often enough. + +It's also been resonating a lot with my personal life. I grew up poor but by no means destitute, in a large family and on a single parent's income due to divorce for much of my childhood. I was shocked when I went off to a private college and saw the way that richer families lived and spent their money, and took it all for granted. It would never occur to friends that I couldn't do all the social activities with them because I absolutely had to work while studying to supplement the financial aid and already substantial loans I was taking out, even after I had told them repeatedly. My upbringing was by no means perfect, but it kept me grounded and aware of the huge disparities in society. + +Since then, I launched a career as a software developer, paid off my loans, discovered FIRE, and saved up half a million dollars. I have built up security and comfort and I am building towards a future where I don't have to work. I'm on the other side of that divide. I made it. My life is not precarious, and in a lot of ways it is easy and my future as assured as it can be. I am well past the point of CoastFI. + +In the meantime, my family has stayed more or less where they were, or become worse off as they aged and grew their families, and this has become obvious as I visited over Thanksgiving. Two of my older siblings live together and, due to a nasty divorce in progress, are primarily responsible for taking care of a three year old and an eight year old, while both working full time. They are exhausted and haven't had time to deal with anything besides just staying afloat in months, despite lots of help from grandparents, who are also working and struggling in their own ways, and I do not think their retirement is at all assured. Another sibling could barely afford to visit, and only for a short time. Another could not afford the time off to visit at all. I don't know exactly how badly off they are at this point, but with unemployment benefits back down to pre-pandemic levels, I can only assume they are headed back down to just barely getting by, if they are not already there. Their lives are distinctly difficult and precarious, and they have very few options to improve them because they are so busy just treading water. + +I have spent the last few years dealing with my own problems of burnout, exacerbated by the pandemic, but it pales in comparison to what my family is facing every day, and it's far too easy to forget that. Even while I have struggled, I have been working steadily towards my goals, and I have options available. My security and wealth have given me the ability to turn away from the struggles of people I care about, and the pandemic keeping me from visiting while worsening their struggles have made this almost the default. I have to work to make sure I see what is happening. I have made it, but I'm realizing I have, to some extent, left my family behind in the process. I'm not a multimillionaire like John Green is; at this point I can't afford to make sure my siblings and parents are taken care of, and I don't really plan to work long enough to get to that point, even if I could, and it would be too late to make the biggest impact. I have young nieces/nephews and aging parents who are struggling now. + +Seeing this contrast first hand has affected me deeply. I spent hundreds of dollars and days of manual labor during my visit just taking care of things around the house for the siblings taking care of the kids. I have helped them clean up their place, change the locks, get a new ish couch that doesn't permanently smell like cat pee, clear out the ex's junk that they never picked up, fix their internet and broken doors and holes in the walls, and watching kids so they can have a bit of relaxation time. There is much more that could be done given time and money to throw at the problems. + +I don't know yet what the long term implications of realizing how much this contrast has grown are yet. I will weigh it as one of the many factors in determining where my partner and I settle down. I want to be around to give some of my time and money to help improve their lives. I will need to make a point to be more attentive to how they are doing and visit more often, and leave time to help when I can. I'm still digesting what this all means, but this video and my recent experience have shifted my perspective on where I want to end up. I want to intentionally distance myself less from the kinds of suffering I can insulate myself from, and use my security and wealth to try to address some of that suffering. I was already giving to charity, but I don't think that's enough when there's suffering so close to me and I am getting to the point where I have the time and energy and money to make a difference. + + +Those who follow my trades will tell you that Fridays are my favorite day of the week. + +That is because contrary to popular opinion, the mix of 0 DTE option Gamma and TSLA's inherent volatility, make for extremely rewarding trading outcomes when executed correctly. + +Today could have been no different ofcourse. + +Background: + +TSLA was finally able to break through the 700 lvl this Monday, after what feels like an eternity. Post Monday's rally TSLA struggled to break above the 723 lvl to make a run for Monday's high, also a very imp lvl, of 727. We've been inside Monday's candle so far this week, and yesterday we were also having an inside day of Wednesday's daily candle. In my opinion, TSLA is taking its time basing itself on the 700 support before another leg up, possibly in anticipation of AI day on Aug 19. + +Trade: + +1. Within the first 3 minutes since open, TSLA tried to break through yesterday's low but failed to break down, causing a sharp bounce to 716.xx. However the bounce was short lived as the bulls failed to claim 717. +2. After failing to reclaim the 717 support, bears took control +3. TSLA caused an inside candle breakout by breaking through yesterday's low in a strong move down going on to test a break of Aug 4's low. However, that proved too much in one move and it bounced here +4. Thereafter it fell into a pattern, with yesterday's low now having flipped from support to resistance, and Aug 4's low below it as support +5. TSLA continued its failed attempts at breaking through both this resistance and the VWAP but in vain +6. Simultaneously, it started putting in higher lows . This, along with anemic volume signaled capitulation and an intent to create a lower low, breaching below Aug 4's low + +Entry: + +1. I BTO 0DTE TSLA 705p @ 1.6 per contract at [10:05 AM](https://www.reddit.com/user/pseudoku727/comments/oxs2ou/scalping_thread/h7xq1as?utm_source=share&utm_medium=web2x&context=3) when it yet again failed in its attempt to reclaim the VWAP, signifying weakness + +Playout: + +1. Soon after, multiple candles with small bodies and large wicks, esp to the upside, followed, indicating participants selling the rip +2. Then we got a high volume red candle that broke through the 9:45 AM low, setting a newer low for the day +3. Interestingly this candle stopped right at the 707 lvl, a minor support +4. This was followed by consolidation right at this support +5. Within the context of the momentum of breaking through 2 days of inside days, getting rejected by 1 major lvl and breaching another minor support, it was safe to guess who controlled TSLA for the day +6. I ADDED to my initial 705p position here at the close of this Doji, by buying another lot of contracts +7. I BTO another lot of TSLA 705p @ 2.4 per contract at 10:40 AM + +Exit: + +1. As expected, TSLA took another high volume strong move down to the Aug 3 low +2. I would have held on for longer but with how quick the down moves were, I took profits here since we were approaching demand zone and a bounce wouldn't have been unexpected +3. Exited at 10:50 AM @ 4.5 per contract + +Re-entry + +1. Soon after my exit I noticed TSLA doing its old familiar low volume consolidation pattern +2. This time I BTO 0DTE 700p @ 2.4 per contract at 10:56 after it formed a beautiful Bear Pennant +3. Just like clockwork, the next time large volume came in, we effortless slid down to test the 700 lvl + +Exit: + +1. Exited midway through the breach attempt of 700 since it hit my TP lvl +2. Exited at 11:07 AM @ 3.9 per contract + +Trade technicals: + +Trade 1: + +1. Time in Trade 1 - 45 min +2. Price of contract at initial entry - 1.6 +3. Price of contract at position increase - 2.4 +4. Price of contract at close - 4.5 +5. Profit percentage - 180% and 87.5% + +Trade 2: + +1. Time in Trade 2 - 11 min +2. Price of contract at entry - 2.4 +3. Price of contract at close - 3.9 +4. Profit percentage - 63% + +&#x200B; + +https://preview.redd.it/yhpc6sxbvsf71.png?width=2424&format=png&auto=webp&s=5a645d243f52b08dd18b74d59709b7be6293231c +First of all, I am from a very working-class family in the north-west and have worked extremely hard to even get to where I am right now. I understand how fortunate I am to even have this be an issue. + +I graduated Spring 2020 with a 1st in Computer Science from a not well regarded University (it was great but not a notable name like Oxbridge) and started my current job straight afterwards. + +The job's in software and is pretty much 100% remote (I have only gone in twice when lockdown restrictions were eased in my region). + +The people are great, and the work is interesting, but I have been getting quite a few messages on LinkedIn, etc. from recruiters and the companies themselves about similar junior roles that pay more than double what I am currently on. + +I currently earn £20k but as I am living at home with family through COVID (paying £400 keep per month) I have managed to save a large portion of this. + +The jobs that they have reached out to me about (not offered, as I have not agreed to do interviews yet) are all in the £30-45k range for a junior role, with most of these being 100% remote as well. + +One of them is £60k in London, but I do not fancy moving down there, at least not for now. + +I know my brain tells me to try and get one of these higher paying jobs, but my current employer has really helped me since I started as I have been struggling with some health issues, which have greatly improved by now. + +They were great in allowing me to get time off when ill and for appointments, etc., and so I feel like if I leave them now after finally feeling better that I would basically be spitting in their face. + +I have a performance review coming up at the end of the month, and so I am wondering if then would be the best time to try and get a raise, although I know I'd be lucky to get a £2-5k pay rise, rather than the £15-20k increase I'd get by moving. + +I understand that this is very much a 1st world problem, but I have never negotiated a salary before and to be honest am not sure what to do. + +Any help / suggestions would be greatly appreciated as I am feeling a bit stuck between a job I love and that treats me well, vs. one that pays a lot more. + +Thanks for reading. +I might get downvoted to oblivion or banned for this but I feel this sub should be focused on investing that involves portfolios that are dynamic. Or at least portfolios that involve some form of actual research and involvement on the part of the investor. + +A sub already exists for people who want CCP and Vanguard all in one funds. + +Now nothing wrong with having that in your portfolio but if the sole extent of your investment ambitions is limited to those two ideals I feel as though there is a sub directed towards helping people with that already and this board would be better utilized for helping people out, and discussing investment ideals that involve more mental effort and risk than that. + +The sub for those people who want nothing more than CCP and Vanguard is called r/personalfinancecanada + +I'm not tossing shade at people who utilize those investment methods I just think this sub would be better off for people who care to grow beyond that and this sub should be more focused on the individuals who look beyond the easy modes of investing and care to actively be involved in their portfolio beyond mere allocation. + +Not trying to be a dick just saying. + +Edit: Seriously if you have a problem with what I'm saying you may as well go to r/parkour and shit that sub up with your r/miming skills. + +2nd edit: Canadians Interested in investing and looking at opportunity in the market besides being a potato. Discussion would be geared around any investment opportunities a Canadian has access to. Questions regarding individual companies, ETFs, Tax implications, Index Investing, and more... + +If you want to do the same thing everybody else does without a care to take risk or research is doing that is fine. + +I would just hope that maybe this sub may be able to be re-directed to the first half of its mission statement rather than being r/personalfinancecanada2. + +Not really sorry if that hurts anyone's feelings. +Can anyone please outline why all of the biggest mining companies have such low valuations and high dividends? Sorry I know these aren't Canadian stocks, but I'm genuinely curious what people think, since there's a lot of talk about commodity boom fueled by ESG, electric vehicles, etc. + +For example: BHP has PE of 7.6 and div yield of 13.8%, Rio has PE of 4.4 and yield of 13.8%, and Vale has PE of 3 and yield 17.8%. +I recently did quite a bit of research on "all-in-one" ETFs (ETF of ETFs). There are a couple ETFs Vanguard that cater to different risk tolerances but given **my age (19)**, **I'd like to direct most of my money into** [**VEQT**](https://www.vanguard.ca/en/advisor/products/products-group/etfs/VEQT) **(100% equities).** + +First, even though sources and opinions are pretty conclusive that all-in-one ETFs are a good bet, what is everyone's thoughts? + +**Second**, this might be a super simple question that I'm overcomplicating, but, assuming at 19 I put most (or all) of my funds in VEQT, which is 100% equities and 0% bonds, what do I do when I'm getting older? + +Do I... just sell all my VEQT and put it into the all-in-one VGRO (80/20 split)? I'm "supposed to" continue to favour a higher bond ratio, so, do I keep selling the previous all-in-one ETF as I get older and buy safer ones like VBAL, VCNS, etc.? Or, do I keep them and just invest all new contributions into the safer options? + +I hope I explained my question clearly. Thank you in advance +Over the years I've compared 1 year T Bills to CDs occasionally, and T-Bills always paid way less. What is going on? Seems a no brainer in that I can just buy them from my Vanguard brokerage account and not have to deal with overnighting paperwork around the country to get the highest rates. +https://www.nytimes.com/2019/10/03/us/mgm-las-vegas-shooting-settlement.html + + +The settlement would resolve claims that MGM was negligent in allowing the killer to stockpile weapons and ammunition at its Mandalay Bay hotel. + + +MGM Resorts International has agreed to pay up to $800 million to settle lawsuits from victims of the October 2017 mass shooting in Las Vegas that left 58 people dead and hundreds of others injured. +In the book it says to allocate 5%-10% of your trading money (not total account size) towards these portfolio insurance units, which would be SPX/SPY Puts or VIX/VXX calls. He doesn't clarify what trading money means, but I'm going to assume money one can lose per trade or buying power reduction for defined risk trades. + +Let's say I have a $10k account, and I sell a bunch of risk defined credit spreads (Verticals, Iron condors, Iron Flies) that expire in a month — my total BPR for those trades is $1,000. For the insurance, I buy $50-$100 worth of SPY Puts (5%-10% of my BPR) at a -0.05 Delta or less that also expire in a month. + +If the market is stable for the year and relatively bullish, I've lost $600-$1200 on those SPY Puts, meaning I've spent 6%-12% of my account on expired insurance...and it's highly unlikely I'm making 22% annualized returns. In fact, best case scenario I'm making 12% max returns, under ideal conditions, so in a perfect world I'm breaking even every year or making 6% (less than buy&hold an index). + +So I must be wrong about how to buy that portfolio insurance, because it's surely not worth getting with those returns. Can someone else fill me in on this? +My car was hit about 20 mins ago and it was not my fault i.e. it was parked okay. The asda driver was really apologetic and I got all his details but he also gave me asdas insurers to call. I've never claimed before so not really sure what to do. Call my insurers, or theirs? What am I entitled to? I'm off work on xmas holidays (back on 2nd Jan), so id need a replacement car to cover me until mine is fixed for xmas trips and when work recommences 2nd January 2020. + +Is there anything else I could be entitled to, as it has kind of killed my plans for today and the general holiday spirit. I don't want to have to pay anything as it wasn't my fault. Is this possible? + +Thanks +I own a "tiny home" that's actually a park model RV in a neighborhood full of other park model RVs. It's on a permanent foundation and is actually a pretty amazing little place. We went into this not planning for it to be an investment property. It was to be a family retreat that we occasionally rent out on Airbnb to cover the bills. Since that time I've jumped into the STR game with both feet. I've been operating this property as an STR for the last few months, but I may have an opportunity to sell it at an obscene price and I think I'd be stupid not to do so. + +Background: + +* Purchased land in 2019 for $39k +* House built, land developed, house installed, etc over the next 18 months +* Closed on whole thing in 2021 for $170k total +* Current mortgage balance is $139k (land value was rolled into loan as down payment) +* Have put probably $15k into it since closing + +One of these houses sold 6 months ago for $350k. Another is listing this week for $395k. I could feasibly be walking away with $225k, which I would then reinvest into another STR. + +I've always had concerns about the durability of these "houses". I don't think they're going to age well over 10+ years. + +Thoughts? + +P.S. Don't rag on the tinies! ;) + +&#x200B; + +&#x200B; + +EDIT: Thanks everyone for your comments! I had some requests for pics, so here's an album with some of my listing photos: [https://imgur.com/a/xer2uvm](https://imgur.com/a/xer2uvm) +This is the first suit I am aware of against the CDC directly. Although the Plaintiff is in Virginia the case was filed in Georgia where the CDC is based and may ultimately be tried in Florida. The judges likely to oversee the case were originally placed by Florida Governor Ron DeSantis before being elevated to their present positions by Trump. + +The suit alleges an assault upon the core values of the Constitution. + +https://www.tampabay.com/news/business/2020/09/11/landlord-files-lawsuit-against-cdc-eviction-moratorium/ +I was reading another post and someone mentioned there's no point in paying down a mortgage at todays ridiculously low rates, especially with the stock market yielding returns at 10% consistently. That's making me re-think my strategy. I've always been kinda old school, paying off debt as quickly as i can, but that poster made a good point. Rather than pay down 3% interest rates, I could put that in stock instead. + +I currently have a condo , duplex, SFH and my personal residence. The first is paid off, the rest are at 3.2% interest and less, all paid down 20% so no PMI anywhere. Thoughts? +Now, I'm not saying I have 200K in cash, but let's say hypothetically there's 200K sitting in your normal bank account. Where would you invest in real estate if you had this lump sum of cash and you were looking to implement a buy and hold strategy? +To those who don’t know who Martin Shkreli is, he’s that pharma bro guy. He definitely knows how to trade. He single handle forced a 10,000% short squeeze on KBIO. + +I don’t agree with everything he says in here. For instance, he suggests short interest might not have been as high as we thought, which has proven to be false. Regardless, with the borrow rate rising rapidly, I thought people might be interested in his comments on the old sub. + + +>I think the borrow rate is the key. I am told the locate is actually quite easy: eg, a hedge fund can short 1m shares if it wanted to. + +>At the moment, that's a $300m position, which is quite large for even the biggest hedge funds. The borrow rate is 50%. What does that mean? Short sellers have to pay longs 50% interest (annual, simple) to borrow the stock. GME can get cut in half and you can break even, IF that rate persists. It may not persist. It may grow higher. + +>I’d watch the borrow rate as the #1 indicator for the stock. If the borrow rate goes down, the stock is probably in trouble as your incremental buyer may not be there. If it climbs to 100%+, it indicates significant pressure (and expense) on the shorts. I think the stock is less shorted than people here might think and most of the price action is being dictated by speculative long buying. + +>Short interest data is often misleading. A broker dealer is allowed to have shorts that are hedged against calls without necessarily getting a locate. The mechanics of this stuff are very arcane and it's not clear that it is policed at all. Of course, speculators need to have a locate before shorting. + +>**I can't repeat enough: watch the borrow rate, it's all that matters. Ignore the short interest numbers.** +Figures reference NAB's 2019 Investor report ([https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/fy19-investor-presentation.pdf](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/fy19-investor-presentation.pdf)) + +**Background** + +\- NAB had $304bn in housing loans in Sept 2019 (page 66) + +\- 2.4% ($7.6bn) had negative equity (page 20). $200 million of which had no lenders mortgage insurance (page 20) + +\- 1% ($3bn) of there loan book was >90 days past due (Distressed) (page 20) + +&#x200B; + +**Problem** + +\- in NAB's home lending stress model - it predicts a $4.1bn impairment across 3 years. This is assuming a 2.9-3.1% in GDP across 2 years. (page 67) + +\- the IMF has predicted a 6.7% contraction in GDP this year ([https://www.imf.org/en/Countries/AUS](https://www.imf.org/en/Countries/AUS)). Predictions beyond this point are non-sense because we don't know how long the virus will last. This is 2.2x the beyond NAB's model. + +\- if we assume that impairment is proportional to contraction in GDP this brings actual impairment costs to $9.02bn + +\- A few days ago NAB announced $1.1bn in impairment costs unrelated to coronavirus ([https://www.afr.com/companies/financial-services/nab-s-profit-hit-by-1-1b-on-wealth-software-charges-20200420-p54las](https://www.afr.com/companies/financial-services/nab-s-profit-hit-by-1-1b-on-wealth-software-charges-20200420-p54las)) + +&#x200B; + +**The back of the envelope maths** + +\- NAB's Stautatory profit for last year was $4.8bn ([http://capital.nab.com.au/docs/2019-Annual-Financial-Report.pdf](http://capital.nab.com.au/docs/2019-Annual-Financial-Report.pdf)). I recognise, this figure is fictional as accountants can pull any number out of a hat. However, for the purposes of simplicity, lets assume this reflects real profit + +\- Assuming the base case scenario where profit remains equal from all other NAB businesses (which it won't), NAB would have a ($4.8 x 3 years) - ($1.1bn + $9.02bn) = $4.28bn of profit across 3 years = 1.4bn profit per year + +\- Current NAB market cap is $47.27bn + +\- So based on expected profits its trading at \~33x price to earnings ratio + +\- Historical P/E for Financials in Australia are about 15 ([https://www.rba.gov.au/publications/rdp/2019/2019-04/australian-equity-market-facts-1917-2019.html](https://www.rba.gov.au/publications/rdp/2019/2019-04/australian-equity-market-facts-1917-2019.html)) See figure 19. + +**Summary** + +\- NAB is trading at 2x its fair valuation in the middle of the recession with no current end point. + +\- This is in the context of housing prices which have risen above inflation for the last 30 years ([https://www.rba.gov.au/publications/bulletin/2015/sep/3.html](https://www.rba.gov.au/publications/bulletin/2015/sep/3.html)) (See graph 2) and housing prices which are some of the most expensive in the world ([https://www.afr.com/companies/financial-services/australian-property-still-world-s-most-expensive-despite-sharp-falls-20190508-p51l5x](https://www.afr.com/companies/financial-services/australian-property-still-world-s-most-expensive-despite-sharp-falls-20190508-p51l5x)). +Today has so far been a pretty bad day for me. My positions are down about 20% so far, I may have made a mistake being so bullish on a Monday. + +&#x200B; + +This is my first day on this subreddit, I'm a couple weeks into day trading (I usually swing trade). Would it be bad form to ask what everyone is watching today? +I’ve been at the same mid/large size company in MCOL for about 15 years. Started at the bottom making about 35k and now am at exec level (VP) in title, but feel I’m pretty far down on the comp side despite coming quite a long way. Currently roughly 215k base + 100k annual bonus + annual options grant. Company isn’t public, so options value is questionable. + +It looks like a reorg is looming, and with it I might pick up more responsibility (I suggested that I take over an underperforming organization). While I’ve done well in my career, I feel like I always make the same mistake of just saying “Yes” to taking on whatever the company asks me to do without really “playing hard ball” on comp. I haven’t wanted to be the person who is “hard to deal with” and miss out on future opportunities due to brand damage. But now I’m ~$100k lower than some of my peers. + +How have you handled conversations like this? Leader comes to you with a message of “We think you’re great and want you to take on this other workload and we’re going to let go of this other person who is under performing. Congratulations!”. Do you stop it in it’s tracks and ask about comp and negotiate? Any tips or strategies? +Per my Mom's request, I met with their financial advisor today. Both my parents are 80+ and have/'had less than $700k spread out between 2 IRA's and a brokerage account. My Mom was a little worried seeing her quarterly statements. I asked her a few questions and she said she really didn't understand most of it and she just lets the advisor handle things. + +My biggest concern is that he is charging them 1.5% of the balance annually. They only meet with him once a year. Otherwise, he calls them to suggest any changes. (which she doesn't understand, and just says "go ahead"). + +When I challenged him on the expense ratios of some of the mutual funds vs a similar (lower cost) etf, he said the the mutual fund gives them a more targeted approach and often times outperforms etfs, because they are actively managed. (I know this is not true in many cases). I also asked if the expense ratio is higher due to a mutual fund team actively managing the fund, then why does he need 1.5% to actively manage their portfolio? (he didn't like that comment) + +I also questioned why (at 80 yrs of age) their investments were still in 55% stocks vs bonds? When their risk aversion is high? My Mom is more concerned with keeping what she has vs increasing principle. + +I don't want to manage my parents finances, but I think they would be better served rolling their money into a self managed account and holding a few ETF's, while paying a flat fee fiduciary once a year to review. + +&#x200B; + +EDIT: I wanted to add that this money is earmarked for my dads long term care. He was diagnosed with dementia 2-3 years ago. The timeline for this money is 1-3 years. This advisor has known about my dads condition for over a year. My mom could have thought that the investments were going to continue to go up. I don't know what conversations were had about risk. +I recall seeing comments and posts about how the crazy increase of online users from 20k all the way to 150k in the sub felt abnormal and weird. Some people theorized and suggested that it might be bots programmed by shills designed to strike fear upon us by making it seem that we have gained massive popularity, just for the number of active users to decrease a few weeks later to make it seem like people are giving up on the stock. Definitely nothing suspicious or a bot attack by Shitadel that a few people suggested these past few days. +1st Edit: the wash sale below comment is likely wrong according to other apes. I am no market expert. + +So you did it, you won. Its after MOASS and you are now scared about your newly earned fuck-you money. The last thing you want to do is let predators separate you from your wealth because you are not used to dealing with "professionals". + +**Taxes:** You are going to have to pay taxes. Do not hire the first CPA that you find. Look for recommendations and shop around. I always advise talking to 3 firms. Speaking of firms, do not go to "tax preparers" who are just tax preparers. I know I will get a lot of hate for this, but stick to CPA firms. You are looking for firms who specialize in high-net-worth individuals. Of course they are all going to claim they do that, but ask around first. Ask beforehand what tax strategies they recommend and what makes them different. + +**Fees** should never be based on how much you have earned. The firm you are hiring should have a standard fee structure. Highly complicated returns with multiple state nexus issues can cost a lot of money. Most of you are not going to be in that category. Don't misunderstand, you are making a lot of money but your return is relatively very simple. You will receive a brokerage statement, with your earnings listed on the statement. That gets entered onto your schedule D. If you have no itemized deductions (house, real estate taxes, donations...) you are going to get the standard deduction which will make your return even more simple. So paying thousands of dollars for a relatively simple return does not make sense. **This if of course a hypothetical situation, and your situation is going to be unique to you. I AM NOT ADVOCATING THAT YOU FILE YOUR OWN RETURN BY YOURSELF.** You are free to do what you feel is best for you. I am simply pointing out that your return may not be that complex and should not cost as much as the moon. Get quotes from multiple CPA firms/Law firms in-terms of their expected fees. + +**Tax strategies**: okay this is where the CPA firm can really help you out, ***possibly***. Keep in mind, most tax strategies are BEFORE you earn your money/losses for the year. Few strategies work AFTER the fact. I am not going to go into strategies here because everyone's situations and goals are different. Is it possible for you to donate a large portion of your wealth? yes it is, but it's also possible to get in trouble for doing it wrong. Can you set up a charitable foundation? yes you can, but you need to make sure you have a good CPA to advise you on how to go about setting it up properly. + +**Basic forms:** Do not pay someone thousands of dollars to set up simple LLCs. You can do it yourself on websites like HUBCO or other services for a few hundred dollars. A lot of legal forms can be found on [legalzoom.com](https://legalzoom.com) and asking other apes is highly recommended. I am **NOT** saying to not get advice from an attorney, but just try and avoid predators who are going to drool over your wealth when they realize you are inexperienced. Again, look for reputable firms and talk to a few before you settle with any particular firm. There are subs on reddit for legal advise and tax advise. r/tax, r/legaladvice. + +Why am I making this post? because I read a post on here where someone said to blindly pay $20,000 for a tax return once the MOASS was completed. I almost spit out my coffee when I read that. Can a tax return be that expensive? yes it absolutely can, it can cost even more possibly, but that's going to be based on the complexity of the return, not based on how much someone has in dollars in revenues. + +~~By the way, hypothetically speaking, if you were to take your gains after MOASS and (within the allocated time period allowed by the IRS) re-invest those gain back into GME, you would most likely have a wash-sale. A wash-sale is basically an increase/decrease in your basis and does not produce a taxable gain or loss. So hypothetically speaking, if you were to hold those delicious tendies as GME stock for a period of 1 year, any amount which was to be sold after that period would be subject to LONG TERM capital gains.~~ This part was wrong on my part. Wash sale rules will not apply. Thanks to great apes who make corrections. + +https://www.investopedia.com/terms/w/washsalerule.asp + +and since we are hypothetically speaking, if you were to acquire a lot of real estate assets and look into being classified as a "real estate professional", you could potentially do what the rich people do currently, which is to depreciate your assets using bonus depreciation in the year of acquisition, which would lower your capitals gain tax, again depending on your situation. This could potentially and theoretically decrease your tax liability to zero. +Hey guys, + +Pretty new at this, but correctly predicted the recent rise and fall of VTC. Looking at it from the same parameters as preclimb, I see predict it re-correcting to ~0.0081BTC + +I use MACD analysis with shorter fast and slow periods as well as signal, as well as simply putting on my fish finders looking for whales. + +any thoughts? me cray? +Since there are so many posts asking about which coins people like, and mostly they end up in people pushing the coins they already hold and hope for a pump, let's try the reverse now. + +Which coins from the top 100 (or more) do you dislike and think that people who invest in them are missing something important? + +My choice is Ripple (XRP) as what most people don't understand is that there is a difference between: +1. Ripple the company which has developed the Ripple protocol that is being used in a lot of banks. +2. XRP currency which is native to the protocol but is not being used by banks at all and mostly likely never will, since the protocol supports any currency including fiat and a cryptocurrency like xrp is too volatile to be of any real use in bank settlements. +Ready to wire $ into GDAX, should I buy BTC or should I drop it into ETH, or ZEC, perhaps another Alt, wait wait drop the BTC to drop, then After SegWitX2, move the Alt buy of today into BTC? I’m open to hear others strategies. +What is something that’s causing you to hold it or making you to think about buying even more? My biotech knowledge is very limited so I’m here to learn as much as possible. If you’re currently not invested, are you looking to buy any? Or on the contrary have you sold any or looking to sell? Why or why not? Do you think it’s a good investment? + +Really appreciate any response, just trying to follow the breadcrumbs here. Right now the only reason I’m invested in it is because of the track record of Cathie Woods and Arks strategy of structuring their pool of resources and data. I think the way Cathie structured her company also makes her a better candidate than other Asset Management companies. Any thoughts would be greatly appreciated! +2016..I got in on a wild hair and boy did no one talk about crypto then... + +..2017 I had people calling, texting..anything to talk about Bitcoin and crypto...HOW DO I GET IN!? The news was blowing up over the new bitcoin craze! + +2018..nothing + +2019..nothing plus shame for still being in crypto + +2020...friend calling to sit down with his father to buy in...brother asking best cryptos and how Ethereum is doing today...my mother even said she wanted to invest! Media is blowing up again, news headlines are pro crypto again. It's not just Bitcoin anymore. Altcoins like Ethereum don't seem like altcoins anymore. + +Anyone else feeling this? Are we heading towards something big in the next year? +I've heard before that it's always in your best interest to sell coming up to US elections, but does that still apply with dividend-focused portfolios? Are you holding? +Like the title says, how many on here are just buying SCHD instead of individual companies? As a 21 YOF who just started their first full time job, I am stuck wondering if I should be individually investing in dividend stocks, or would it just be easier/and quicker(?) to just invest in ETFs? I currently hold positions in MO, F, INTC, SCHD, and SWPPX. I automatically put $100 into SWPPX monthly, and then I automatically deposit $100 weekly into my random dividend account to invest in different stocks. Should I just be sticking that weekly $100 into SCHD instead of buying individual stocks? +I'm pretty new to trading and dividends + +Coco cola is one of the top 10 holdings of SCHD and is may continue to sink due to hitting a pause on Business in Russia. With the loss of the market of a whole country, even temporarily, should we all be hesitant to buy the dip on SCHD and other ETFs not already isolated from Russia? Should we sell and buy back in anticipation of the dip? What other ETFs are you holding that may have this same issue? +I work as a School Bus Driver and during the California order for quarantine to shut down all schools, I was temporarily laid off. I filed for unemployment and I was getting $600/ a week. However, my employer decided to pay me for work I am not doing for them and they're only paying me less than full-time. Since then I have not received any any benefits from my unemployment. What can I do? +I switch between a 2002 subaru forester, 254k miles with a built in bed in the back for multi day climbing trips and a 1994 ford ranger with 201k miles for work. Those are my only 2 vehicles and gonna drive them into the ground:) +Edit: ‼️call them right now, be nice and come straight to the point. It only took a minute or even less. Just did it myself, didn’t even know they take calls on weekends‼️ + +As you can read in the title, popular German Bank and Broker Comdirect now allows apes to vote, after several weeks of telling us that we can only vote, if we have bought the stock at the NYSE. + +Majority of Comdirect apes have bought at Tradegate or Lang &amp; Schwarz (Long and Black 😏🍆) which would mean that the stocks are held in german custodian ("Verwahrstelle"). + +Brokers aren’t obligated by law to serve us the proxy statement when US-Stocks are held in german custodian. + +This has now changed and a few apes in our german twin subreddit r/SpielStopp have received their Proxy Statement after contacting the broker multiple times. + +Now all you have to do is use the contact form and demand the proxy statement. You will be able to find it after a few hours/days (maybe after the weekend) in your Postbox. + +I invite every German ape to join this subreddit as we are all sharing information and experience of talking to our brokers related to voting. It looks like putting pressure on the brokers seems to workout in our favor! + +We have a lot Justus Aureliuses amongst us with deep pockets inherited from their parents. If i would guess then the average ape in Germany has mid-high xx shares. That’s probably a multiple hundreds of thousands of votes now finally unlocked! +I saw the posts over the last 1-2 weeks from other Ally bank customers receiving sketchy phone calls and I think I would’ve caught on anyway, but as soon as I got a call from “Ally Bank” I was suspicious. Given that my suspicions were right, I thought I'd share since there were some contradictions in the recent posts about Ally scam callers. + +Basically, early Tuesday morning (3:40 AM) a charge was made on my Ally debit card for around $15 for a Lyft ride. I was sleeping and have never even used Lyft, so it wasn’t me. I’m not sure how or where someone got my card information, but it happens and we’ve yet to transition to never using our debit cards. It is what it is. I used the app to turn off my card, but before I could call Ally I received a call from “Ally Bank.” + +A man from “the fraud department” at Ally asked to confirm he was talking to [MY NAME], I said yes, he asked if I had time to go over fraudulent charges on my account, I told him no and hung up. I then later called Ally, had a new debit card sent out and then was told I’d have to wait to dispute due to it being a pending charge. An hour later it went through from being pending and two declined charges of around $17 from Lyft showed up. Yay card controls? So I called Ally, started the process to dispute the charge (which was credited to me today and I’m super impressed how quick they took care of that, just to praise Ally for a moment). + +However, I’ve continued receiving calls from “Ally’s fraud department.” Most of which I’ve just ignored, or answered and said the same “no, I’ll call back.” + +Now, I was pretty sure this Ally guy (same guy called every time) was a scam and was never going to give him information anyway, but some things had me wondering if maybe it was actually Ally trying to talk to me given how persistent it was. Most important thing to note though is that the number he called from was spoofed as the Ally bank customer service number. + +Each time I told him that I’d hang up and call back, I’d get a “oh, no ma’am no need to call back. We’re in the fraud department so you can’t just call in and talk to us.” Super suspicious. He asked for my bank user id, to which I said “why would I give you my login information over the phone” and his response was “No ma’am, not your login information just your user id to verify your identity.” Uh, sure, ok dude. + +Wanting to verify my suspicions and also let Ally know about the situation, I called their line today to confirm it wasn’t them calling and… yep, it wasn’t them. The calls I’d been receiving were in fact someone impersonating Ally. Who apparently knew about the odd Lyft charge on my account and may have been connected to it (or it was a real crazy coincidence). + +Just figured I’d share this so people are aware to be cautious - of course, you really shouldn’t ever give information to anyone on an incoming call. Live by that rule. Hang up and call your bank. Even if you know you have fraudulent or suspicious account activity, even if they keep calling over and over - don’t talk to them. Just call back. If it is legit, it won’t be an issue. + +--- + +TL;DR Had a charge to my card that wasn’t mine, handled the dispute by calling Ally and they confirmed they never contacted me, got 6 calls over 3 days spoofed to be from “Ally Bank” saying it was their fraud department, confirmed with real Ally that they weren't contacting me. **Moral of Story: Don't give information on incoming calls, even if you know you have fraudulent/suspicious account activity. Just call the known number for your bank/the number on the back of your card.** + +**Edit to add:** Figure I'll take a moment to remind everyone reading this to talk to your family and friends (especially those that are elderly as they're the most susceptible) about scam calls, emails, etc. and teach them to have a healthy suspicion. Taking some time with them can save a lot of suffering and it is the best way to combat this stuff. +I am Tom Kochan, Professor of Work and Employment Research and Engineering Systems, and the Co-Director of the [MIT Sloan Institute for Work and Employment Research](http://mitsloan.mit.edu/group/iwer/) at the MIT Sloan School of Management. You can read my [full bio here](https://esd.mit.edu/Faculty_Pages/kochan/kochan.htm). + + +I've [written on the topic](http://www.amazon.com/Restoring-American-Dream-Working-Families-ebook/dp/B00CO3MLXK/ref=asap_bc?ie=UTF8) of economics and the American workforce, and most recently [wrote a piece for Fortune Magazine](http://fortune.com/author/thomas-a-kochan/) on the promise of Walmart. + + +My free online course [The American Dream for the Next Generation](https://www.edx.org/course/american-dream-next-generation-mitx-15-662x) started Tuesday, which focuses on these topics and expands on them to help students build career plans. + + +(Proof: https://twitter.com/tomkochan/status/581116227533348864) + + +Edit: Thank you for all your good questions. I am signing off now. +Ever since I got into finance, I've always been incredibly interested in using alternative data to predict the stock market. Lately I've been analyzing Zoom (the video conferencing software) stock price with their online reviews, and long story short achieved 59% accuracy and 77.8% precision with a simple Recurrent Neural Network architecture. + +https://preview.redd.it/xsdf4uuz9d261.png?width=1038&format=png&auto=webp&s=16fc1af7a93fdc27b77619c2ed79af245b243266 + +I used some of the most common technical indicators, including simple and exponential moving averages, Moving Average Convergence Divergence (MACD), Stochastic Oscillator, Bollinger Bands and Relative Strength Index (RSI). I also built a feature to add context to the review data - using Python’s TextBlob package to apply a sentiment score to each review text. The sentiment scores range from -1 to 1, with -1 being perfectly negative, 1 being perfectly positive and 0 being neutral. The sentiment scores are normally distributed and centered on \~0.25. + +Has anyone else used online reviews for this type of analysis? Feel free to have a look at my notebook here - I would love to hear your feedback: [https://colab.research.google.com/drive/1pepucu9w2-s-BsOE7Vc7YEM-fFkDVCeE?usp=sharing](https://colab.research.google.com/drive/1pepucu9w2-s-BsOE7Vc7YEM-fFkDVCeE?usp=sharing) + +The raw data is also available for analysis here: [https://www.dropbox.com/sh/rec20wp0il7f62f/AAAIzMsLkg1fsEpkyxmX1Y4ka?dl=0](https://www.dropbox.com/sh/rec20wp0il7f62f/AAAIzMsLkg1fsEpkyxmX1Y4ka?dl=0) + +UPDATE: Given all the interest here, I ended up writing up a blog post which goes into more detail about the methods and results: [https://blog.datashake.com/predicting-zooms-stock-movements-with-online-review-data/](https://blog.datashake.com/predicting-zooms-stock-movements-with-online-review-data/) +Background: I've worked in Purchasing/Supply Chain my whole career and I've gotten very good at negotiating. I started my own business three years ago buying cars for people on the side. It was great because dealerships are open late and on the weekends so I could keep my regular job. + +EDIT FOR CLARIFICATION: My business works thusly: My clients tell me what they would like to buy (make, model, year, mileage range, or a description of capabilities), I find cars for them, and get them the best offer. They also tell me HOW they would like to buy the car (buy/rent/lease/tradein/whatever). I do not claim expertise on any of these things. This post will focus on NEGOTIATION TIPS. Do not think that this is a guide to get you through the car buying process from soup to nuts. Not even close to that. I don't claim to know the arguments of lease/buy. You'll have to see other posts for that. Sorry for ANY confusion on that topic. + +This post does NOT address used vs new or lease vs buy because I am NOT experienced enough on those things to talk about them! My strength lies strictly in finding cars and negotiating the best offer for my client. These are NEGOTIATION tips. + +Here's my advice: + +1: Get multiple quotes on comparable vehicles/the same vehicle (if new) from multiple dealerships. Always try to get as close to apples to apples as you can. This does two things: Gives you leverage and also gives you a better sense of where the market is at. + +2: THIS is probably most important. DO NOT GO IN to the dealership until you have a price and a warranty under which you are willing to buy the car if it's in good condition. They use all sorts of manipulation tactics that ONLY work in person. I won't even go into them because they only work in person. So just DON'T go in until you are ready to buy the car at the price and warranty you've been given. They'll ALWAYS try to bring you in for a test drive and pressure you. A seasoned buyer won't be affected, but the best way for you (or anyone) to avoid this nonsense is to simply not give them the opportunity. + +Make it very clear that you will only walk in the door after negotiations have ended. You can even lure them by assuring them that if the price is right, you'll go in, test drive the car, and leave with it that day if it's to your satisfaction. + +3: Don't pretend to find things wrong with the car to negotiate. *If there's something wrong, tell them to fix it and you'll come back.* If there's not anything wrong, *don't make it up.* Particularly if you're buying under warranty. Because then you'll just look like a fucking sucker. Think of it this way: If you're getting a warranty it is in their best interest to ensure your car is in tip top shape. Because any problems with it when it leaves the lot are really THEIR problem; not yours. Depending on the comprehensiveness of the warranty, obviously. + +Basically, making up shit about the car is a very predictable strategy that people try. It's only effective at making you look like a damn fool. You shouldn't have to "trick" them into your price. There's nothing wrong with saying "This is what I'm willing to spend." Nothing shameful about that. So don't waste their time and your time with bullshit. + +4: Quote ladder. This is an age old tactic in Procurement that is sort of like the crossbow of buying. In that even a peasant can be trained to use it pretty effectively with very little effort. Remember those quotes you got before? You're going to show the person with the highest quote, your lowest quote and tell them to beat it. If they do, you're going to take THAT quote to your NEW highest quoter and tell them to beat that. And just keep doing that until you don't get anything else. Try to get the mileage and year to be as close to identical as you can so they can't weasel around and make it very clear that if they do not beat the quote, you won't be considering them any further. It lacks nuance, but for someone who's buying their first car, it can save them a lot of money. + +5: Don't trust the finance office. If their interest rate seems high, challenge them. Do not buy ANY of the extra shit they offer you. I'm serious. Anything. The sale is not over until it is OVER. If they keep trying to sell you horseshit, threaten to leave. The finance manager is in a predicament because if he blows a sale, he's going to have a very angry salesman hollering at him. They typically back down pretty quick in my experience. + +6: If you're making a downpayment try to make it on your credit card. Gets you points and cash back in many cases. Certainly did in mine. If you've got to write a check it may as well be to your credit card company. Obviously only make the down payment if you're not going to have to pay interest on it. + +7: Negotiate trade-ins at the end. Don't let them know you have one til after you arrive at a price. And better yet, look into selling your car on your own. You'll usually be able to get a better price. But there's something to be said for the convenience of "I'll give you my car if you knock off three grand." Just know the value of your car and subtract an estimation of the value you place on the time you'd have to invest to sell it. If you can get another five hundred bucks but it'll take you eighty hours of effort over the course of months to sell it, maybe you just take the dealer's offer? + +To end, I hope these tips are helpful. They've helped me in my work. I don't claim to be an expert and I had to learn each of these the hard way at some point or another. +***"The pen is mightier than the sword"*** + +***-*** *Edward Bulwer-Lytton, 1839* + +&#x200B; + +This is u/myplayprofile. I fall into the category of “retail/ma and pa investor”, and I am a GME shareholder. I am not a financial advisor, this is not financial advice. The following is written for 🦍, is made possible by the wrinkles of many silverback 🦍, and is written by an 🦍 hoping to gain some more wrinkles in my own brain. If you can read, then anything you read in this post is done by your own free will, and any financial decision you make is of your own doing. If you do not understand the use of emojis, memes and other 🦍 speak, I recommend doing more of your own ~~doubling down~~ due diligence starting here [HERE](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share), and you will learn the language as you go. If you’re a lurking member of the MSM, please let my 🦍 prose and emoji use continue to feed your bias that this piece and the many cited and linked posts provided throughout are “dumb money” nonsense, because any analysis of the content will risk exposing who the “dumb money” truly is. I will be connecting some dots, both new and old, providing detailed quantitative analysis, speculating on what I believe happens next with the GME stonk and explaining why and how I have put money at risk on that speculation. My personal trading strategy involves elevated risks through the use of options, my risk tolerance is different than yours, and what I do should have no bearing on your own financial decisions. I cannot emphasize enough, if you have never traded options, or have limited understanding of how they work and the risks involved, DO NOT try to learn on the fly, especially with GME. I first started options trading by using a virtual/paper account with fake money, followed by years of losing real money. If you yolo into calls, instead of keeping things simple with a buy and hodl strategy, its almost certain the MOASS will start the Monday after your calls expire. And just to reiterate to help clear up any confusion as to who this is – I am u/myplayprofile, and I’m jacked to the TITS its almost SEPTEMBRRRRRRR. BUCKLE UP 🦍. + +&#x200B; + +[That's the reeking stench of 💩a🔔 desperation](https://preview.redd.it/wlxcqhz1k5k71.png?width=845&format=png&auto=webp&s=8490cf9f54e116f26f4e55935b887a47098c5139) + +# 1. NEVER FORGET HOW GME GOT HERE - + +Years ago, a wrinkly brained retail investor analyzed the fundamentals of GME and determined the share price was not properly reflecting the future outlook of the business. This investor began sharing his investment thesis on social media. His Reddit username is u/deepfuckingvalue, it's his 🍰day, and his [original thesis](https://www.youtube.com/watch?v=alntJzg0Um4&list=PLlsPosngRnZ1OLfGPDLLC3a8k_rrwFNk6&t=15s) is founded on fundamentals, with a few brief mentions of high short interest and technical indicators pointing to higher share prices this time last year. By initially using options, and properly managing the risks associated with options trading, he was able to turn a $50k option trade into an investment now worth over $40 million, based on 8/27 GME price of $205 with the assumption he still hodl's 200k shares. More on options later. Below are screenshots, but due to strict no brigading rules, no links, search the reddit profile if you want to see the posts yourself - + +[DFV's Reddit Post from Sep 2019](https://preview.redd.it/xjl2n83qx5k71.png?width=764&format=png&auto=webp&s=8fd63755b4e90e04abe989328b2f23bcdc894f7b) + +[DFV's Last Reddit Post](https://preview.redd.it/adsco1ibx5k71.png?width=764&format=png&auto=webp&s=8534671bd1610e2651303d0eaae265ac749b155a) + +[DFV had many large drawdowns along the way, follow his post history to learn how he managed that risk. ALSO - DFV DID NOT YOLO INTO OPTIONS NEAR EXPIRATION!](https://preview.redd.it/tdy1zwzey5k71.png?width=762&format=png&auto=webp&s=14283ecef8101b403231ce5eec774ac3b2a996cf) + +The [fundamentals of GME](https://www.reddit.com/r/Superstonk/comments/oyo70n/its_time_to_talk_about_some_f_words_buckle_up/?utm_source=share&utm_medium=web2x&context=3) are now stronger than they have ever been, showing DFV's initial fundamental assessment was correct. Today, however, that analysis is far too conservative compared to GME's future business prospects after eliminating all long term debt, fully overhauling leadership and the board, and positioning itself to be a leader in the [future EXPLOSIVE growth of NFTs.](https://www.reddit.com/r/Superstonk/comments/pe37k7/the_gme_warpath/) For example, [GME Q4 2020 Earnings](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results) far exceeded expectations, shown by [stellar growth in sales, especially the key metric of e-commerce growing 175%](https://www.reddit.com/r/GME/comments/mcd53c/gme_earnings_analysis_and_the_message_beneath_the/?utm_source=share&utm_medium=web2x&context=3). The MSM narrative around GME fundamentals is not aligned with reality, and I encourage you continue this reading journey to figure out why. Analysts claiming otherwise are either incompetent, or are required by their employer that has short risk exposure to the GME share price to continue earning a paycheck. + +# 2. GME TODAY + +Now that we've had a history lesson, let's talk about where the GME saga is today. My favorite Pomeranian has sniffed out what I believe is the most credible [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=web2x&context=3) to date, albeit still is likely missing pieces of the puzzle. The thesis ties together how a group of HF/Banks/Brokers dubbed [The Voltron Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) have created complex derivatives I will refer to as [LMAYO Swaps](https://www.reddit.com/r/Superstonk/comments/pbmcww/quanting_support_for_ucriands_latest_masterpiece/?utm_source=share&utm_medium=web2x&context=3). The LMAYO swaps are [statistically proven to exist with nearly absolute certainty.](https://www.reddit.com/r/Superstonk/comments/pbshru/irrefutable_proof_of_ucriands_subprime_meme/?utm_source=share&utm_medium=web2x&context=3) These are collateralized equity total return swaps, in 🦍 speak, baskets of 🍌s, that can be leveraged and used to short GME well beyond the tradeable float. The LMAYO swaps can [exploit loopholes to gain reporting exemptions and hide money offshore](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/?utm_source=share&utm_medium=web2x&context=3) while also [hiding true short interest](https://www.reddit.com/r/Superstonk/comments/pbibrk/the_start_of_the_swaps_packaging_meme_stocks_up/?utm_source=share&utm_medium=web2x&context=3) reported to the world. The regulators claim these loopholes [were never intended to exist](https://www.reddit.com/r/Superstonk/comments/pc0zhv/swapping_regulations_for_offshore_risk_the_full/?utm_source=share&utm_medium=web2x&context=3), but it's hard for me to believe this. The GME saga has opened my 👀 to the reality the system is very intentionally designed this way to continue to enrich the oligarchs by crushing the 99.9%, all while the "police" over the situation [litigate to regulate](https://www.reddit.com/r/Superstonk/comments/pa8oae/fire_up_the_cubans/). The large institutions and hedge funds keep the revolving 🚪 spinning between institution and enforcer, ensuring bad actions are merely a small part of the cost of ~~business~~ crime that funnels billions of dollars every year from the many to the few at the top of this 💩 infested pyramid scheme called the 'economy'. + +&#x200B; + +Individuals across the globe are starting to catch on to all the fuckery, hoping for SOMEONE, SOMEWHERE with the power to take action finally support their right to invest as they see fit in companies they believe in. While some have found solace by screaming into the void of the internet and finding sympathy from 🦍, there has been no action against the criminal cartel that fraudulently counterfeits shares of companies, where victims of the fraud are non the wiser until they try to [access the shares they think they own](https://www.reddit.com/r/Superstonk/comments/pc362i/posted_about_two_months_ago_about_a_transfer_from/). All the while, the MSM vilifies these individuals as [an army and mob](https://www.reddit.com/r/Superstonk/comments/pd4ydk/meme_armys_shortsqueeze_attack_socialmedia_mob/), while [praising those](https://www.marketwatch.com/story/why-robinhood-may-be-more-than-a-meme-stock-phenomenon-11629739984?siteid=yhoof2) at the heart of the malicious scam instead of shining light on [the crimes committed in front of the world's eyes](https://www.reddit.com/r/Superstonk/comments/p76b47/unbelievable_vlad_recorded_on_call_confirming_he/?utm_source=share&utm_medium=web2x&context=3). Whenever fuckery is afoot, everything always seems to tie back to the same criminals - [INSERTING STEVIE COHEN's INTRODUCTION](https://www.reddit.com/r/Superstonk/comments/otnt8z/a_brief_introduction_to_steve_cohen_from_broviet/?utm_source=share&utm_medium=web2x&context=3). The convicted and known criminals then have the audacity to troll 🦍 after Vlad turns off the buy button [on Jan 28, 2021](https://www.reddit.com/r/Superstonk/comments/mtv959/you_wanna_know_what_dancing_looks_like_this_guy/). I wonder, was it Stevie or Kenny that was paying the shills on 8/26 to run a coordinated smear campaign against me across multiple subs, through 12 shill accounts that are now deleted - + +[\\"FUD Me Harder, Daddy 😘\\" - u\/poonmangler](https://preview.redd.it/atnletasv6k71.png?width=814&format=png&auto=webp&s=97f99731e3a7c8136f5064b0b0c077df783553c8) + +[A naked short selling scam](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/), further leveraged and exploited through derivatives and ETFs, has victimized GME and many other stonks for years. Countless companies have failed and millions of lives have been destroyed to funnel illicit "gains" into the hands of a global criminal enterprise. 💩a🔔 is the [Designated Market Maker](https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/?utm_source=share&utm_medium=web2x&context=3) and the epicenter of the fuckery, with a long and well documented history of [abusive and willful naked short selling](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/), using illicit gains over the past several decades to monopolize the order flow of the market. 💩a🔔 executes [an estimated 27% of ALL market trades.](https://www.bloomberg.com/news/articles/2021-01-22/citadel-securities-reaps-record-6-7-billion-year-on-volatility) Top government officials are directly on their payroll, such as [former chairman of the Federal Reserve](https://www.citadel.com/news/dr-ben-bernanke-serve-senior-advisor-citadel/), or indirectly, such as the [current US Treasury Secretary](https://www.reddit.com/r/Superstonk/comments/p0hq3n/the_us_treasury_secretary_janet_yellen_has_been/). Kenny's the captain that navigates the ship of fuckery, but only one pillar [in the house of cards](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/). The cancerous growth of corruption and crime has infected the most vital organs of the global economy, and a single house is not enough to satisfy the greed of these individuals, so an entire [Castle of Glass](https://www.reddit.com/r/Superstonk/comments/ok2e0b/a_castle_of_glass_game_on_anon/) has been built on top of a pile of [$310 Trillion worth of derivatives](https://www.reddit.com/r/Superstonk/comments/pagvu6/ill_sleep_in_the_futures_with_a_new_derivatives/), and the cracks in the foundation holding it all together are growing. + +&#x200B; + +If you are starting to feel a little 🤢🤮, run to the 🚽 if you're not already taking a 💩, and take a deep breath. 🦍 around the world are here to not only offer support, but also offer a way I believe you can "hedge" yourself against the deadly blow the criminal enterprise I described above is about to inflict upon the world. It also happens to be my favorite company, because [GME has become the ultimate hedging tool](https://www.reddit.com/r/Superstonk/comments/n1cp7q/gme_has_become_a_hedging_tool_and_should_be_owned/) to protect yourself when 💩a🔔 hits the fan. + +[Just Don't Fucking Dance - Meme cred to u\/BlakChills ](https://preview.redd.it/qbt7lpzxx6k71.png?width=945&format=png&auto=webp&s=8f5f8e683eb36321193cbab1b649ae9658024e78) + +# Sniff, Sniff - Are you smelling it now. I haven't even started cooking yet, just the prep makes the aromas of 💩a🔔 desperation fill a room. It's almost tea time, and I haven't even called attention to the other FUD campaigns being waged that have left many 🦍 frightened of the very tools they can exploit for their own personal gains. It's time to get TECHNICAL, and if you're already set with your own buy and hodl strategy, you have the OPTION to proceed with further reading or return to your state of zen knowing the Hedgies R Fukd. + +# 3. THE SETUP + +At this point, your blood may be boiling a bit, but your tits may also be tingling. You made it this far, and may even have a weird sensation in your brain caused by the wrinkle formation process. So to help ease your blood pressure a bit, take some time to really take in the beauty of the picture below, and if you've been here awhile, think about the rollercoaster you've been through. If the prelaunch turbulence of the 🚀 made you take actions you later regretted, take the time now to reflect on how you can better prepare yourself for a journey to the 🌙, because it's time to strap in, Things really start to accelerate after the stratosphere - + +[Credit to u\/isnisse for this beauty](https://preview.redd.it/bbfysc3e17k71.png?width=960&format=png&auto=webp&s=316c183b7f195a8e38be7bc9ff0d373adfc30311) + +**The Patterns -** + +* ***Near Term -*** [Flag and Pennant](https://www.investopedia.com/terms/p/pennant.asp) \- Price Target = $280 + * Investopedia Description *- " The price target for pennants is often established by applying the initial flagpole's height to the point at which the price breaks out from the pennant. For instance, if a stock rises from $5.00 to $10.00 in a sharp* [*rally*](https://www.investopedia.com/terms/r/rally.asp)*, consolidates to around $8.50, and then breaks out from the pennant at $9.00, a trader might look for a $14.00 price target on the position—or $5.00 plus $9.00. The* [*stop-loss*](https://www.investopedia.com/terms/s/stop-lossorder.asp) *level is often set at the lowest point of the pennant pattern, since a* [*breakdown*](https://www.investopedia.com/terms/b/breakdown.asp) *from these levels would invalidate the pattern and could mark the beginning of a longer-term reversal."* + * Pattern Validation - Not Yet Confirmed - with breakout above $210 followed with increased volume and a nice green 🍆 pattern will be validated + * Target Pattern completion date - 9/3/2021 + +[Beautiful Flag and Pennant Pattern Formed in GME Last Week on the Daily Chart - Short Term Breakout to $280 implied with breakout above $210 & Rising Volume](https://preview.redd.it/yyftcqrmuck71.png?width=1226&format=png&auto=webp&s=3d5979518b06bf67160b1fb3dde18eb82fad6819) + +* ***Medium Term -*** [Bull Flag](https://www.investopedia.com/terms/f/flag.asp) \- Price Target = $340 + * Investopedia Description - *"Flags are areas of tight* [*consolidation*](https://www.investopedia.com/ask/answers/120414/how-do-i-identify-stock-under-consolidation.asp) *in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (*[*bullish flag*](https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx)*) or downward trending (bearish flag). The bottom of the flag should not exceed the midpoint of the flagpole that preceded it. Flag patterns have five main characteristics:* + +1. *The preceding trend* +2. *The consolidation channel* +3. *The volume pattern* +4. *A breakout* +5. *A confirmation where price moves in the same direction as the breakout* + +*Bullish and bearish patterns have similar structures but differ in trend direction and subtle differences in volume pattern. The bullish volume pattern increases in the preceding trend and declines in the consolidation. By contrast, a bearish volume pattern increases first and then tends to hold level since bearish trends tend to increase in volume as time progresses."* + +* Pattern Validated 8/24 with breakout above $160. +* Target completeion date - 14 trading days after breakout - 9/10/21 + +[Bull Flag Pattern verified and in progress. Breakout date of 8\/24. Pattern expected to continue for 14 days, and complete by 9\/10 around $340.](https://preview.redd.it/bgctynhc2dk71.png?width=1229&format=png&auto=webp&s=03566a89675c2a27c28c3c1b95706d6eb9bed6cb) + +* ***Longer Term -*** [Elliot Wave](https://preview.redd.it/yxm65lyh0i471.png?width=2222&format=png&auto=webp&s=884987dc185e8d149c5a10e5af5cccff290c7b8d) \- Near term PT \~$480; Medium term \~ $1,275 + * 🦍, we are blessed to have many wrinkles in the hive mind of this community, and the [Elliot Wave Guy](https://www.reddit.com/r/Superstonk/comments/pb1wk4/today_was_just_the_warm_up_the_tides_are_shifting/?utm_source=share&utm_medium=web2x&context=3) is much more wrinkly than I am, so if you have not followed his posts in the past, now might be a good time to start. Elliot Wave is an incredible tool, but can be very misleading at first, and this is mainly due to the dynamic nature of the tool that is constantly evolving as trades are made. + * From my own count, which seems to align well with the wrinkly Elliot wave expert, we are entering the best phase of a count - the rare, and most profitable part of an Elliot wave count - Wave (iii) of 3 of III. This is the most powerful part of a count, and typically holds the largest percentage of the gains associated with a 5 wave move. + * The combination of a wave (iii) of 3 of III with the other patterns described above is very bullish, and my tits are jacked. + +[Just Up](https://preview.redd.it/in4dm8378dk71.png?width=2453&format=png&auto=webp&s=a5fd906f11b9c834f52a4967a2957996bbec5247) + +While I may have a few wrinkles in regards to technical analysis, many others are far more advanced and talented at TA than I am. While there may be many traders that lurk on the sub, there's one professional trader I have started following that also happens to offer free access to his own analysis and insights every day. I highly recommend checking out Gherkin's [Daily TA](https://www.reddit.com/r/Superstonk/comments/pe5nhp/jerkin_it_with_gherkinit_forward_looking_ta_for/) for more in depth analysis. + +# 4. THE OPTIONS + +Boy, has this become a hot topic recently. + +[If you don't understand options, don't trade them. If DFV listened to FUD that options should never be used, his initial GME investment would have been \~10k shares around $5, and would now be worth \~$2 Mil. DFV likely still owns 200k shares, worth over $40 Mil. Options made this possible. Just because you don't understand them, or are not comfortable with the risks associated with options trading, does not make options bad. Bad risk management makes options bad.](https://preview.redd.it/xhfs5hieedk71.png?width=577&format=png&auto=webp&s=c30e3b12a6d3575c84e72e8c79c86ba15bc5354f) + +First we need to talk about two important concepts - Asymmetric Risk and Moral Hazard. + +* **Asymmetric Risk -** + * In terms of finance, [Asymmetric Risk Exposure](https://financial-dictionary.thefreedictionary.com/Asymmetric+Risk+Exposure) is *"A situation in which the potential* ***gains*** *and* ***losses*** *on an* ***investment*** *are uneven. For example, in an* [***unhedged***](https://financial-dictionary.thefreedictionary.com/naked+position) ***short sale***\*, the potential gain is limited to the total potential loss of the\* ***underlying asset*** *(because something cannot have less than no* ***value***\*), but potential losses are unlimited because the underlying asset could increase in value ad infinitum (resulting in a loss for the short seller)."\* + * IRL, this leads to [Asymmetric Volatility](https://www.investopedia.com/terms/a/assymetricvolatility.asp), a phenomenon where markets tend to take the stairs up and the elevator down, i.e. March 2020. In a "short squeeze", the underlying stonk being squooze takes the elevator up, and elevator down (typically). i.e. GME in Jan, yet lots of squeezing potential remains. This happens due to leverage, fear, and margin calls leading to cascading dominoes of liquidations when risk exposure needs to be quickly taken off the table. + * In terms of data, [Asymmetric Information](https://www.investopedia.com/terms/a/asymmetricinformation.asp) is caused by FTD's of information, where certain market participants have access to more market moving data than others. This is the LARGEST, SYSTEMIC issue "retail investors" face, because 💩a🔔 has monopolized market order flows, taken 50% of market trades off lit exchanges and funneled them into their single dealer platform (SDP) called Citadel Connect. The SDP is the **DARKEST POOL** with far fewer regulations than registered dark pools known as Alternative Trading Systems (ATS). Sprinkle some good old fashion crime like Stevie Cohen's insider trading on top of that, and it's easier to grasp why the information gap between 🦍 and billionaire led criminal organizations continues to funnel money from the many to the few. Luckily for 🦍, we have found a way to share information, taking away some of the 💩a🔔 information advantage, but at the end of the day systemic overhaul is needed with tighter regulations to help move to a more fair and balanced market. +* **Moral Hazard -** + * [Moral Hazard](https://www.investopedia.com/terms/m/moralhazard.asp) is generally defined as "*the risk that a party has not entered into a contract in good faith or has provided misleading information about its assets,* [*liabilities*](https://www.investopedia.com/terms/l/liability.asp)*, or* [*credit capacity*](https://www.investopedia.com/terms/f/five-c-credit.asp)*. In addition, moral hazard also may mean a party has an incentive to take unusual risks in a desperate attempt to earn a profit before the contract settles."* + * Additionally, this includes [behavioral changes](https://www.investopedia.com/ask/answers/032615/what-difference-between-moral-hazard-and-morale-hazard.asp) that might occur and increase the risk of loss when a person knows that insurance will provide coverage. + * 💩a🔔 survived the '08 market crash by doing everything they could to survive [ONE MORE DAY](https://www.reddit.com/r/Superstonk/comments/nz7qzl/ken_griffin_talks_about_how_they_survived_2008/). Behaviorally, Kenny also watched the institutions with the largest systemic risk get bailed out by $BILLIONS, when he *ONLY* [got $200 Mil](https://www.reddit.com/r/Superstonk/comments/pediuk/the_system_is_broken_repost_for_new_apes_hold/?utm_source=share&utm_medium=web2x&context=3). While this is not the place to argue about if the $700 Billion of bailouts should or should not have occurred, it is appropriate to highlight the behavioral changes this large scale intervention in the market caused and the precedence it has set for the future. Kenny has been reprogrammed behaviorally to reassess 💩a🔔 risk management to make sure the risk exposure carried by his criminal enterprise is enough to ensure they are treated the way AIG was, and not Lehman, and he is incentivized to carry outsized risk in the event of a ⬛🦢 that "nobody saw coming", except for "dumb money" 🦍. + +&#x200B; + +Up to this point, this post has been a recap of the GME saga, with some scattered bits of education and analysis based on known facts and what I believe are the best working theories to date on what is occurring with GME's stonk. From this point forward, things get more speculative, and you should not interpret anything as definitive. The outcomes of the above TA can be thought of as cards in a Texas Hold Em poker hand - while pocket aces are a great starting point pre flop, it doesn't mean they're going to give you the best hand at the turn of the river. + +&#x200B; + +[At this point, including the analysis and story recap above, heading into the trading week and running with the poker analogy - it's pre flop, longs hold pocket jacks and shorts hold a queen 2 off suit, and it looks like 💩a🔔 is thinking of going \\"ALL IN\\"](https://preview.redd.it/2ghi6kau4ek71.png?width=690&format=png&auto=webp&s=1b2ffae6e84ee3beabd0fcb6e2123f1791c05243) + +My SPECULATION is the designated market maker for GME (💩a🔔), ended the trading week with unhedged delta and gamma exposure. It is impossible to known with certainty this is the case, but the trading activity after the the rise to $225 on 8/24 to the closing price of $204.95 on 8/27 does not indicate this occurred, and I ask any wrinkly 🦍 that see this analysis and disagree to please comment to help correct any errors. So what happened to lead me to this conclusion? + +&#x200B; + +[Delta & Gamma Neutral Levels vs GME price as of 8\/27\/2021 - credit to u\/yelyah2](https://preview.redd.it/zjz3w4084fk71.png?width=910&format=png&auto=webp&s=740273a41344eede0a42af9d007974d23a5a7e86) + +First, I'm going to take walk you through another silverback 🦍's analysis of [Delta Hedging](https://www.reddit.com/r/Superstonk/comments/pcxwci/delta_hedging_and_settlement_data_dn_update/). This model estimates how many shares of GME would need to be purchased to perfectly delta hedged. As u/yelyah2 notes, "*This assumes every option is perfectly delta hedged once per day. This is not realistic, and likely vastly overestimates the actual shares delta hedged. Some hedge funds are ok carrying a non-zero delta position, some hedge with other derivatives (instead of equities), some hedge continuously, or some hedge end of day."* Read her post before continuing if you are confused. Let me be clear, I complete agree with this analysis, and would expect MM's to follow this fairly close if they were in fact properly hedging their risk exposure. The raw data is shown below - + +[GME Price, Volume, and Estimated Delta Hedging Impacts - credit to u\/yelyah2](https://preview.redd.it/03bq8pet4fk71.png?width=798&format=png&auto=webp&s=13c18ea645a721af9ed3f6e37d7791d2ad2e1298) + +HODL tight, I'm going to start tying everything together, but first need to call attention to another piece of data that is often misunderstand or labeled as useless FUD - [DAILY SHORT VOLUME](https://www.reddit.com/r/Superstonk/comments/pdsddm/gme_vol_last_week_was_359_mil_499_or_179_mil_of/) + +[GME Volume Analysis - credit to u\/MacAttack218 ](https://preview.redd.it/tgaqrcar6fk71.png?width=844&format=png&auto=webp&s=0ff3525173c26bd0f3bbab4df3f3a537791e38d4) + +The next part of this analysis is going to open up the possibilities of asymmetric information risk, because there is a lack of data available to tie everything together with 100% certainty, only 💩a🔔 knows what really went down, so I'm going to try and close the gaps with what I believe are reasonable assumptions. So let's start drilling down into the data available - + +* 36 million shares were traded last week, of which 11 million were confirmed short sales, leaving a net volume of 25 million. +* Looking closer at the daily trading volume history from [https://marketchameleon.com/Overview/GME/Stock-Price-Action/VWAP](https://marketchameleon.com/Overview/GME/Stock-Price-Action/VWAP), I drilled down and pulled out all market sweep orders that resulted in red 🍆 dropping the price. Sweep trades are done by "high rolling smart money" funds when they want to take a position in a hurry, that "sweep" through the order book. In the case of large red 🍆 - the orders hit all the bids needed to fulfill the order quickly, rather than moving through a dark pool or spreading the sale across more trades over a longer time frame to limit price impacts. There were 4,347,000 shares sold by "smart money" panic selling. Taking this away from the 25 million shares of remaining volume, that leaves \~ 20.6 million shares left. Could this be double counting short volume? Perhaps, although, it's my understanding sweep trades used for shorting purposes are illegal based on the uptick rule. Please correct me if I am wrong. +* Using the data provided by hell yeah yelyah2's chart above, almost 1.2 million shares were needed to be purchases for the 8/20 option settlement, combined with more than 5 million shares needed for new delta hedges after the 8/24 spike. The \~20.6 million shares left to reconcile now becomes a mere \~14 million shares. +* Now, I find it highly improbable that a bullish chart pattern that took nearly 3 months to form was only met with \~14 million shares of long purchases. +* Is it a mere coincidence the 18 million shares traded in the dark pool could reconcile this volume analysis if the 4 million shares needed to properly delta hedge the MM naked call exposure where simply never purchased, and instead, the MM deployed that capital in price suppression and shorting, while relentlessly hammering the unhedged short call position lower through lowering the ask price, reducing IV, and selling more naked short calls? 🤷‍♀️ +* Somehow, the DOOMPs tie into this whole story, whether its Criands theory or some other [other type of fuckery](https://www.reddit.com/r/Superstonk/comments/p7sofm/update_analysis_to_options_fuckery_to_manipulate/) that hides SI or gives the colluding SHFs/MMs a loophole to skirt even more regulation by claiming they were some type of "bona-fide" trade. + +Now that was a lot of words, you may be scratching your head saying WTF, so let me present a simple 5 min candle chart to better explain. + +[8\/25-8\/27 5 Min Chart - 👀 closely at those pink 🍆 - a nice glimpse of what 💩a🔔 desperation looks like](https://preview.redd.it/d37mjzoq3gk71.png?width=2515&format=png&auto=webp&s=b52b5d21447cc146fb8a8716bb83646ffc93f007) + +If you didn't say WTF before, did you this time? This post is long, it is a lot to take in all at once, but imho it's needed to understand what I'm speculating here - Just about every short attack and share 🤮 since the retest of the 225 levels has seen the price recover to the pre dump level, on less volume than it took to dump the price. My interpretation of this chart, without being able to see the order flow like Kenny can, is they are running out of options, as every stop loss hunt and sell algo spark they tried to find just simply didn't exist, and every time they tried to tank the price back below the support of the lower near term flag and pennant formation shown above, buyers defended the line and returned the price back to previous levels. The bulls are in charge again, and💩a🔔 has the asymmetric information advantage on order flow to know it better than anyone. It' been awhile since I gave an update on that poker hand...starting to look more like those on the long side of the trade have pocket kings, and 💩a🔔 only has a 10-2 off suit. + +# 5. MORE 🚀 FUEL. WHY? CAUSE FUCK EM, THAT'S WHY + +[No Comment Needed, Other Than Credit to u\/bluestar4u ](https://preview.redd.it/qnf8zr8hagk71.png?width=500&format=png&auto=webp&s=3b381de9f24d1f568c81a9d049baa693f7c29e92) + +Now I could stop here, but I haven't even mentioned one of the most important, yet overlooked theories on the cyclical nature of the GME price movements. I'm not talking about the LMAYO swaps and the future roll period, which we're in, I'm talking about the [Supplemental Liquidity Deposits (SLDs)](https://www.reddit.com/r/Superstonk/comments/ooyvbg/sld_periods_and_the_gaps_between_an_investigation/) the hedgies still have to carry until the T+9 settlement date after the expiration of monthly options. August 20th was monthly option expiry, and 9 trading days later is the 2nd of SeptemBRRRRR. But this time it's different. Because on Sep 3, right when the SHFs would get relief, [NSCC-005 is implemented](https://www.reddit.com/r/Superstonk/comments/pd0k4v/nscc005_confirmed_implementation_friday_september/), raising deposit requirements for $10k to $250k per member, and for each shell company of fuckery they've used to pillage the world. Seems like a dicey time to be a global criminal enterprise that specializes in manufacturing umbrella's of shell organizations to fuck over the world while also teetering on the brink of failure. Running a business is a tough game sometimes, huh Stevie, or was I meaning Kenny? + +[SLD Deposit and Gap Windows - credit to u\/Suspicious-Singer243 ](https://preview.redd.it/64ss0p6pkgk71.png?width=1815&format=png&auto=webp&s=9013293d4e02f31c8ed5a041ec8b547ba6d72b4e) + +So after a long journey, I think it's more likely those long GME are hodling POCKET 🚀🚀 and 💩a🔔 has a 7-2 off suit, and Kenny just went all in. Ultimate 'smart money' move. Not because he has a winning hand, but because he has an asymmetric information advantage over the government knowing his moral hazard risk sits at all time highs. See, we knew all along his intention - he is never going to cover. Instead, he decided to keep doubling down, until he reached a point naked short selling GME wasn't enough, so instead of doubling down, 💩a🔔 is naked shorting call options with 100-1 leverage to ensure the systemic risk they are creating is just big enough they don't end up like Lehman did in 08. RIP, Dumbass... + +&#x200B; + +[LMAYO - And you thought the $700 Billion Bailouts in 2008 were big. Don't worry, the amount this time has only grown because we're going through a period of \\"transitory inflation\\". Thanks J.](https://preview.redd.it/tbv50iborgk71.png?width=500&format=png&auto=webp&s=a6bd841ba77a88ab18dca835f34dbd07e1ece93d) + +&#x200B; + +[8\/30\/21 - 3:25PM EST - 💩a🔔 building their case for a bailout - Short Buildup is an increase in open interest but a decrease in implied volatility, suggesting traders are selling more contracts on short positions in the option.](https://preview.redd.it/jy1me7psqjk71.png?width=1404&format=png&auto=webp&s=870b5e6bb2b4b6b9cb5d35b400368059af8d5d28) + +# + +&#x200B; +Anyone have a good formula they've live-tested for slippage? I'm thinking something like, + +>slippage \~ volatility + (volume \* price) : position size + +Where the colon is an interaction term, and each variable is an n-day moving average, except the position size. + +But, does anyone have live data they'd be willing to share, or some formula/paper that explains the best way to do this? + +I've seen Quantopian where they just model fixed slippage, which seems very flawed. +Remember when BTC went from $120 to $1,200? looks like we are adding a zero too [$11 going to $110], with the only difference that fundamentals are stronger and thus the growth seems sustainable. Maybe we'll go higher before stabilizing around $110 after a dip... +Good article on some important factors impacting the likes of BCE, Rogers and Telus + +https://www.theglobeandmail.com/business/article-telecom-industry-faces-slump-as-pandemic-slows-growth/ + +* * * + +Canada’s biggest telecom companies are expected to report lower wireless revenue and stalled subscriber growth for the second quarter, as the pandemic temporarily shuttered stores and travel restrictions caused roaming fee income to plummet. + +Analysts are expecting a weak quarter in terms of adding new wireless and internet subscribers across the telecom industry, while sharp drops in advertising delivered a blow to media operations. + +“From a subscriber growth point of view it’s going to be pretty ugly,” Edward Jones analyst Dave Heger said. “All of the major players had most of their doors closed for a good chunk of the quarter.” + +However, the bottom line may be insulated by lower customer acquisition costs – such as for promotional activities or device subsidies – which could help profit margins. “With lower activity you end up with lower costs,” Mr. Heger noted. + +Desjardins analyst Maher Yaghi predicts a 3.3-per-cent year-over-year decline in wireless service revenue for the industry. Average billing per user, or ABPU, is expected to decline by 5.8 per cent from the same quarter last year, Mr. Yaghi predicts. + +Roaming revenue, which previously made up between 1 per cent and 3 per cent of service revenue, was likely close to zero during the quarter as travel halted, Mr. Yaghi said in a note to clients. + +“We believe it could take years before this reverts to prepandemic levels,” Mr. Yaghi said. + +The loss of roaming revenue could amount to a $350-million to $400-million annual hit to each of the national carriers, Royal Bank of Canada analyst Drew McReynolds said in a note to clients. + +The media businesses owned by Rogers and BCE were also hit, as advertisers in the travel, leisure and automotive sectors went into cash preservation mode. Radio advertising was likely down between 50 per cent and 70 per cent for a good chunk of the quarter, while TV advertising fell by about 30 per cent to 40 per cent, Mr. Yaghi said. + +“Media results are expected to be terrible – not mincing words here,” Mr. Yaghi said. While the advertising market had some improvement in June, that won’t appear in the financial results until late in the third quarter, Mr. Yaghi noted. + +Media revenue at Rogers is expected to be down 50 per cent from a year ago, while BCE is expected to report roughly a 26-per-cent drop, according to Mr. McReynolds. (Telus does not have a media business.) + +Rogers Communications Inc. is scheduled to report its second-quarter results on Wednesday, followed by Telus Corp. on July 31 and BCE Inc. on Aug. 6. + +As all three companies have withdrawn their full-year financial guidance because of uncertainty stemming from the COVID-19 public health crisis, analysts will be looking for commentary around how business is evolving in the third quarter. + +While the second quarter will likely represent the trough for subscriber activity, Mr. Heger expects growth to be somewhat muted for the rest of the year. + +In spite of the near-term challenges, Mr. Yaghi said telecom investors should take a long-term view of the industry. + +“It is a critical sector for the economy and we believe that, postpandemic, the value it provides at work and at home will be more obvious than before,” Mr. Yaghi said. +This has been shared as part of a job application. Confused as to what it means: + +“The pay for the role, which involves 40 weeks of the year, 40 hours a week, is annualised to $100,000 per annum”. (Numbers changed to keep it simple). Does this mean that over the course a year the person would receive $100k for 40 weeks of work, when the position would ordinarily pay $130k for 52 weeks? Or does it then become $77k, down from $100k for 52 weeks? +27F, single no kids. No debt but less than 1k savings. 48k-ish take home, but just started a second job. Lifelong dreams of being a vet but I didn’t graduate so to do it I would have to complete 2-3 years of a Biomedicine degree or something similar and then transfer/post grad into vet (5 years). So, potentially 8+ years of study for a job that pays maybe 10-20k more than what I get now at entry level, but definitely more enjoyment and potential to specialise. +I’m scared about jumping into 8+ years of poverty after working for so long. I am working on a savings buffer of 10-20k but that won’t last long. I have a housemate and probably pay $200/wk for house/int/elec. +What would you do to ensure this was feasible? + +ETA: I have volunteered for a local vet, I’ve seen animals die and come in with preventable issues. I’m aware of the burnout/suicide risk within the industry. I am 100% sure. I’m just not sure how to financially plan for ~8 years of minimal income, and I’m terrified of leaving my job and ending up in a bad position. +There are so many youtubers these days that have something to say about stock valuation that as a no-expert, it is becoming hard to filter who is saying smart things from dumb shit. I am not talking about channels that spin videos like "3 stocks I am buying blabla" - those are dumb, I am talking about channels that focus more on fundamentals, company reviews, stock valuation approaches etc. + +So far I have 2 channels that I follow (with a grain of salt): + +1. Sven Carlin https://www.youtube.com/channel/UCrTTBSUr0zhPU56UQljag5A - although recently, he is more about spinning the narrative and his videos towards his paid platform. His content is more balanced but brushed through concepts really quickly without too much depth. + +2. Spicer Capital - https://www.youtube.com/channel/UCCT0Wyv-6exFtHoC4TGgr0Q - I really enjoy his videos and his balanced approach to diversification, MPT etc. + +Both Sven and Spicer have different accreditation. It of course doesn't mean much as experts can be wrong but to me it is at least something compared to the likes of many youtubers like Financial Education (Jeremy) / Michael Jay where I have no idea what credibility these guys even have. Do they just buy a few stocks and are now experts? + +There is of course Damodaran's channel but i fear a bit too advanced for me right now. Any other recommendations? + +Hi everyone, + +Funny ELI5: + +Central banks and SHF: And we took these BONDS that are backed by LOANS that are backed by HOMES and use them to back NEW LOANS, and then repeat, what can possibly go wrong? + +Retail: So how does that exactly benefits us? Lol + +And then I started blasting…. So anyway. + +The changes from LIBOR to SOFR has been one of my biggest catalyst from when THE CHAOS THEORY was created and melons guide to the moon (months ago). + +Why is this a big deal? + +THIS IS THE MOTHER OF ALL BAGS OF SHIT. We are talking about amounts bigger than the economy itself. + +A massive portion of the derivatives market (it’s on the quadrillions now), is attached and linked to all the banks loans, tons of bets and debt with leverage that is basically bigger than economy itself, so, AFFECTS EVERYONE in this earth directly or indirectly, the magnitude need to be understood. + +Check for yourself, this is the list of bag holder and how much shit: + +https://i.imgur.com/4cSnWan.png (so many trillions!) + +Just JP Morgan itself is sitting on over 52 TRILLION! + +https://i.imgur.com/AuR8SOB.jpg + +Notice that Goldman is also leverage 200:1 that’s insane! + +Photo of world assets as reference: + +https://imgur.com/gallery/vv33GAA (this is from 2019 and it was already that big). + +As a reference for magnitude: + +1 million seconds is 0.0317 years +1 billion seconds is 31.17 years +1 quadrillion seconds is 31.17 MILLION years. + + +After everything that is going on, I kinda forgot about it and haven’t seen anyone mentioned it. + +This changes were going to be in effect at the end of 2019 but on September 17 almost crashed the market, then moved the date due to Covid to June 2021 and delayed again to 31 of December. + +“conveniently” Covid came to play (not saying that’s the reason why Covid exist) but definitely used as a scapegoat to delay those changes to mid 2021 then 31 of December. + +This time to December 31, 2021. + +Yes! The day in which everyone is gonna be so focused in the New Year’s Eve and the fireworks and everything, and not be looking into this. + +Let me refresh you how big the change from LIBOR to SOFR is. From the DD above that is months old. + +———————————— + +**LIBOR to SOFR** + +READ THE CHAOS THEORY DD](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) to have the proper DD about this. (recommend the whole saga!!) + +Changes from Libor to SOFR were meant to happen in 2022, but guess what? + +They pushed to June 2021!!! + +Update: the DD was written before June and I was so excited just to find out, was pushed again to December 31 this year. + +Original schedule changes here + +[https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab\_2](https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab_2) + +**This is massive!! Why?** + +Banks used LIBOR to manipulate their self created and self reported interest rates in order to be favorable and give away (lending) money left right and center. Where did tons of that money go? To HEDGEFUNDS, management and so on! The fat bonuses and feels to me like the perfect way to money launder (this is speculation of my side, educated one tho). + +They borrowed money from banks for almost no interest rates no matter how the economy and inflation was. + +Update: They kept on printing, to the point the inflation is 6.2% and everything it’s going up and up! during an unprecedented pandemic!!! For what? SHORTING and INCREASE THE WEATH GAP. + +They need to increase the interest rates as one of the main tools to control inflation, also need to recall money itself since the increase money supply is diluting the value and buying power of it. + +**Wtf??** + +Now you wonder why during a pandemic the whole market was “healthy” and up and growing right?? Inflating business with naked shares and more… + +Update: SP 500 it’s been touching record highs over and over lately, that is not normal, and the economy it’s not “fine”, it’s been artificially pumped by the huge amount of printing! + +You know where that money is going, central banks, MMs, SHF and upper management of business to pu themselves fat bonuses. + +**So what all this changes mean?** + +With Libor banks set interest rates themselves for their loans to business, institutions, people or the government) according to how the economy is, “using” indicators like inflation among others. [Read about it here.](https://www.investopedia.com/terms/l/libor.asp#:~:text=LIBOR%20is%20administered%20by%20the,data%2Ddriven%2C%20layered%20method) + +The banks have been manipulating this FOR A LONG TIME. Especially after 2008. + +I guess they wanted to recoup their loses and because being HOLDINGS now, they wanted to be bigger and bigger. + +CHECK ON MELONS DD on what Holdings means, and how fractional banking works (huge massive scam all interconnected and networked). + +**BOOM! The greed** + +They got too greedy.... :( Even during the pandemic they gave away loans at very low and favorable rates, it was more than obvious that the economy wasn't right... they needed to raise the rates! + +They didn't!! + +With the money they been also purchasing tons of real estate, TONS! And they still don’t want to slow down, no tapper yet! Insane! + +Now they are full of this bad bad loans with subpremiun and adjustable rates, but everything was ok as long as they kept on showing those fake interest rates right? + +SOFR arrives!! + +SOFR was almost implemented on 2019 and almost caused a massive crisis!! **BUBBLE ALERT!** + +why? + +**Lets find out what SOFR means** + +[What is SOFR?](https://www.investopedia.com/secured-overnight-financing-rate-sofr-4683954) + +https://www.jdsupra.com/legalnews/libor-transition-to-sofr-a-brief-9557503/ + +Thanks to a fellow ape in the comments for providing this link ❤️ + +The secured overnight financing rate, or SOFR, is an influential interest rate that banks use to price U.S. dollar-denominated [derivatives](https://www.investopedia.com/ask/answers/12/derivative.asp) and loans. The daily secured overnight financing rate (SOFR) is based on transactions in the [Treasury](https://www.investopedia.com/articles/investing/073113/introduction-treasury-securities.asp) repurchase market, where investors offer banks overnight loans backed by their bond assets. + +So the interest rates are not going to be self reported by the banks, but instead the government is going to provide those rates to the banks based on the repo market. + +They believe is a better option than letting the banks manipulate the rates for their advantage. + +This magnificent ape made a really good post about it and thats how I found out about this problem, all credit to him!! + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +FROM THE **CHAOS THEORY:** + +Introducing **SOFR (Secured Overnight Financing Rate**)!!!!! This is a MASSIVE 200 trillion dollar transition that will take place over the next few years. + +**OH and it almost imploded the entire fucking market the first time it was attempted to be implemented back in 2019** [https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm](https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm) + +[Definition](https://www.investopedia.com/terms/t/treasurybond.asp) + +brilliant ape make the [**CHAOS THEORY**](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) and explains a lot of what im saying here. **A MUST READ** + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +I'll let the rest to the CHAOS THEORY, very well explained. + +This DD also has tons of information and been telling us for a long time, apes can get more awareness here. + +https://www.reddit.com/r/GME/comments/n2hjnk/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf + +——— + +TDLR: Central banks and large banks have been manipulating interest rates on LOANS (affects all loans directly or indirectly) trough LIBOR, this made up rates have been self reported and self regulated by central banks. + +This abuse has created the MOTHER OF ALL BUBBLES. + +This bag of shit is as big as the economy itself and affects every person in this planet. + +The way those interest rates are set is about to change from LIBOR to SOFR and banks no longer can self set interest rates but instead those rates are gonna be given, that transition will start taking affect on the 31 of December. + +No new loans on LIBOR past that date. + +This will out a massive stress and pressure on the banks books, especially the ones with massive amounts of loans and this bag of shit. See image bellow, (JP Morgan is sitting on over 52 TRILLION while Goldman is leveraged 200:1, check yourself in the documents attached). + +For new and old apes, be aware, a lot of things are coming and the market is standing in a fine edge. + +Buckle up!! This is gonna be a bumpy ride! + +Can’t stop, won’t stop. GameStop now! + +Buy, Hold and DRS! That’s what I’m doing. + +This post is EDUCATIONAL ONLY, shouldn’t be take as financial advice, if you require financial advice please visit a qualified professional for it as this is nowhere near financial advice, please do your own research and make your own conclusions based on your learning. + +🍉 out + +🚀🚀🚀🚀🚀 + +Edit: Links and photos added, TDLR included and lots more :) + +Update: This ape found a connection between Libor/SOFR and the RP Repo program and RRP reverse repo. + +Seems like they are stacking cash on the RRP (now every day reaching 1.5 trillion) in order to alivie ate some of the impact that the change is gonna cause. + +https://www.reddit.com/r/Superstonk/comments/r3k6ok/libor_sofr_onrrp_and_why_it_may_be_a_bigger/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +The derivatives on this market is astronomical, the biggest banks are sitting in trillions and trillions of those massive leveraged loans calculated with Libor interest rates, that’s about to vary when SOFR takes affect and will put a lot of pressure and stress on their books. I think fireworks mixed with other catalysts. + +Reposting this time to time until happens. If you don’t like it just keep scrolling, simple. +Hi everyone, + +Funny ELI5: + +Central banks and SHF: And we took these BONDS that are backed by LOANS that are backed by HOMES and use them to back NEW LOANS, and then repeat, what can possibly go wrong? + +Retail: So how does that exactly benefits us? Lol + +And then I started blasting…. So anyway. + +The changes from LIBOR to SOFR has been one of my biggest catalyst from when THE CHAOS THEORY was created and melons guide to the moon (months ago). + +Why is this a big deal? + +THIS IS THE MOTHER OF ALL BAGS OF SHIT. We are talking about amounts bigger than the economy itself. + +A massive portion of the derivatives market (it’s on the quadrillions now), is attached and linked to all the banks loans, tons of bets and debt with leverage that is basically bigger than economy itself, so, AFFECTS EVERYONE in this earth directly or indirectly, the magnitude need to be understood. + +Check for yourself, this is the list of bag holder and how much shit: + +https://i.imgur.com/4cSnWan.png (so many trillions!) + +Just JP Morgan itself is sitting on over 52 TRILLION! + +https://i.imgur.com/AuR8SOB.jpg + +Notice that Goldman is also leverage 200:1 that’s insane! + +Photo of world assets as reference: + +https://imgur.com/gallery/vv33GAA (this is from 2019 and it was already that big). + +As a reference for magnitude: + +1 million seconds is 0.0317 years +1 billion seconds is 31.17 years +1 quadrillion seconds is 31.17 MILLION years. + + +After everything that is going on, I kinda forgot about it and haven’t seen anyone mentioned it. + +This changes were going to be in effect at the end of 2019 but on September 17 almost crashed the market, then moved the date due to Covid to June 2021 and delayed again to 31 of December. + +“conveniently” Covid came to play (not saying that’s the reason why Covid exist) but definitely used as a scapegoat to delay those changes to mid 2021 then 31 of December. + +This time to December 31, 2021. + +Yes! The day in which everyone is gonna be so focused in the New Year’s Eve and the fireworks and everything, and not be looking into this. + +Let me refresh you how big the change from LIBOR to SOFR is. From the DD above that is months old. + +———————————— + +**LIBOR to SOFR** + +READ THE CHAOS THEORY DD](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) to have the proper DD about this. (recommend the whole saga!!) + +Changes from Libor to SOFR were meant to happen in 2022, but guess what? + +They pushed to June 2021!!! + +Update: the DD was written before June and I was so excited just to find out, was pushed again to December 31 this year. + +Original schedule changes here + +[https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab\_2](https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab_2) + +**This is massive!! Why?** + +Banks used LIBOR to manipulate their self created and self reported interest rates in order to be favorable and give away (lending) money left right and center. Where did tons of that money go? To HEDGEFUNDS, management and so on! The fat bonuses and feels to me like the perfect way to money launder (this is speculation of my side, educated one tho). + +They borrowed money from banks for almost no interest rates no matter how the economy and inflation was. + +Update: They kept on printing, to the point the inflation is 6.2% and everything it’s going up and up! during an unprecedented pandemic!!! For what? SHORTING and INCREASE THE WEATH GAP. + +They need to increase the interest rates as one of the main tools to control inflation, also need to recall money itself since the increase money supply is diluting the value and buying power of it. + +**Wtf??** + +Now you wonder why during a pandemic the whole market was “healthy” and up and growing right?? Inflating business with naked shares and more… + +Update: SP 500 it’s been touching record highs over and over lately, that is not normal, and the economy it’s not “fine”, it’s been artificially pumped by the huge amount of printing! + +You know where that money is going, central banks, MMs, SHF and upper management of business to pu themselves fat bonuses. + +**So what all this changes mean?** + +With Libor banks set interest rates themselves for their loans to business, institutions, people or the government) according to how the economy is, “using” indicators like inflation among others. [Read about it here.](https://www.investopedia.com/terms/l/libor.asp#:~:text=LIBOR%20is%20administered%20by%20the,data%2Ddriven%2C%20layered%20method) + +The banks have been manipulating this FOR A LONG TIME. Especially after 2008. + +I guess they wanted to recoup their loses and because being HOLDINGS now, they wanted to be bigger and bigger. + +CHECK ON MELONS DD on what Holdings means, and how fractional banking works (huge massive scam all interconnected and networked). + +**BOOM! The greed** + +They got too greedy.... :( Even during the pandemic they gave away loans at very low and favorable rates, it was more than obvious that the economy wasn't right... they needed to raise the rates! + +They didn't!! + +With the money they been also purchasing tons of real estate, TONS! And they still don’t want to slow down, no tapper yet! Insane! + +Now they are full of this bad bad loans with subpremiun and adjustable rates, but everything was ok as long as they kept on showing those fake interest rates right? + +SOFR arrives!! + +SOFR was almost implemented on 2019 and almost caused a massive crisis!! **BUBBLE ALERT!** + +why? + +**Lets find out what SOFR means** + +[What is SOFR?](https://www.investopedia.com/secured-overnight-financing-rate-sofr-4683954) + +https://www.jdsupra.com/legalnews/libor-transition-to-sofr-a-brief-9557503/ + +Thanks to a fellow ape in the comments for providing this link ❤️ + +The secured overnight financing rate, or SOFR, is an influential interest rate that banks use to price U.S. dollar-denominated [derivatives](https://www.investopedia.com/ask/answers/12/derivative.asp) and loans. The daily secured overnight financing rate (SOFR) is based on transactions in the [Treasury](https://www.investopedia.com/articles/investing/073113/introduction-treasury-securities.asp) repurchase market, where investors offer banks overnight loans backed by their bond assets. + +So the interest rates are not going to be self reported by the banks, but instead the government is going to provide those rates to the banks based on the repo market. + +They believe is a better option than letting the banks manipulate the rates for their advantage. + +This magnificent ape made a really good post about it and thats how I found out about this problem, all credit to him!! + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +FROM THE **CHAOS THEORY:** + +Introducing **SOFR (Secured Overnight Financing Rate**)!!!!! This is a MASSIVE 200 trillion dollar transition that will take place over the next few years. + +**OH and it almost imploded the entire fucking market the first time it was attempted to be implemented back in 2019** [https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm](https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm) + +[Definition](https://www.investopedia.com/terms/t/treasurybond.asp) + +brilliant ape make the [**CHAOS THEORY**](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) and explains a lot of what im saying here. **A MUST READ** + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +I'll let the rest to the CHAOS THEORY, very well explained. + +This DD also has tons of information and been telling us for a long time, apes can get more awareness here. + +https://www.reddit.com/r/GME/comments/n2hjnk/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf + +——— + +TDLR: Central banks and large banks have been manipulating interest rates on LOANS (affects all loans directly or indirectly) trough LIBOR, this made up rates have been self reported and self regulated by central banks. + +This abuse has created the MOTHER OF ALL BUBBLES. + +This bag of shit is as big as the economy itself and affects every person in this planet. + +The way those interest rates are set is about to change from LIBOR to SOFR and banks no longer can self set interest rates but instead those rates are gonna be given, that transition will start taking affect on the 31 of December. + +No new loans on LIBOR past that date. + +This will out a massive stress and pressure on the banks books, especially the ones with massive amounts of loans and this bag of shit. See image bellow, (JP Morgan is sitting on over 52 TRILLION while Goldman is leveraged 200:1, check yourself in the documents attached). + +For new and old apes, be aware, a lot of things are coming and the market is standing in a fine edge. + +Buckle up!! This is gonna be a bumpy ride! + +Can’t stop, won’t stop. GameStop now! + +Buy, Hold and DRS! That’s what I’m doing. + +This post is EDUCATIONAL ONLY, shouldn’t be take as financial advice, if you require financial advice please visit a qualified professional for it as this is nowhere near financial advice, please do your own research and make your own conclusions based on your learning. + +🍉 out + +🚀🚀🚀🚀🚀 + +Edit: Links and photos added, TDLR included and lots more :) + +Update: This ape found a connection between Libor/SOFR and the RP Repo program and RRP reverse repo. + +Seems like they are stacking cash on the RRP (now every day reaching 1.5 trillion) in order to alivie ate some of the impact that the change is gonna cause. + +https://www.reddit.com/r/Superstonk/comments/r3k6ok/libor_sofr_onrrp_and_why_it_may_be_a_bigger/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +The derivatives on this market is astronomical, the biggest banks are sitting in trillions and trillions of those massive leveraged loans calculated with Libor interest rates, that’s about to vary when SOFR takes affect and will put a lot of pressure and stress on their books. I think fireworks mixed with other catalysts. + +Reposting this time to time until happens. If you don’t like it just keep scrolling, simple. +I would like to preface this by first saying I really don't care whether or not you personally invest in ARKK or whatever. If you believe in your investments more power to you and I'm not here to bash anyone's choices there's no guarantees in life. + +That said... + +ARKK is the concept of an actively managed mutual fund in the format of an ETF. Long term, study after study after study has shown (in the context of long term investing), an overwhelming majority of actively managed funds do not beat the regular stock market index. Furthermore, ARKK's high expense ratio has the potential to cause significant drag on your earnings if ARK fails to deliver on outperforming the market the next few years. + +So if you would not buy an actively managed mutual fund that sells itself by "outperforming the market" and "picking a collection of innovative stocks", why buy ARKK? It might seem revolutionary as an ETF. But when you view ARKK in it's mutual fund form, [ADNPX](https://www.morningstar.com/funds/xnas/adnpx/quote), ARKK stops resembling some wonder ETF and starts to more accurately resemble what it really is - an active managed fund that's just attempting to rebrand itself. + +The REAL reason why Catherine Wood is a genius is that she has successfully identified and tapped into an new market of investors - young naive investors that follow hype with limited experience with active funds - and sold them on an old idea with trendy new branding. With her success with ARKK, you're starting to see a lot of other actively managed mutual funds release their own ETF versions to buy into this market as well and compete with ARKK. + +The only real way ARKK will prove me wrong and become a legitimate "exceptional" investment is if all of it's other holdings take off like Tesla did. Otherwise, Cathy more or less just got lucky at the right time and place. +[I did some expert TA](https://imgur.com/a/6yOjq) where I checked the correlation between the total market cap of crypto and the well known dotcom-bubble. My findings proves that time in crypto is warped, and about 24x faster than in real lyfe. This also clearly shows that the ultimate crypto-bubble is over already, which means it's all uphill from here! Extremely bullish right now. +If you want to bet, you will see that 98% of the sports markets are illiquid. What is the reason of such disastrous beginning? At the same time, liquidity doesт't increase, rather decreases. ATM you can find only two liquid sports markets (with big exaggeration) with fair odds. +Alright, I saw the movie. Turns out, two more people walked in just as it was starting too, so I stopped pleasuring myself to be respectful, and decided to rely on my notepad for notes so I wasn't shining my phone through the whole thing. + +SYNOPSIS + +The movie is presented as a casual documentary and organized in a timeline. It starts out with Justin Dopierala from DOMO Capital writing an article around Dec. 2019, mentioning how GameStop has the "Konami code" to fix their business. Loads of imagery and videos of GameStop's horrible customer service, poor business model, and customer rage videos were shown a lot during I'd say the first third of this movie to demonstrate where GameStop used to be. Dmitry Kozen is introduced by saying how investors should not be emotional, and to invest in something you are passionate about - you're in it for more than just the $$. Farris Husieni, creator of the GMEshortsqueeze user on StockTwits, is introduced. + +Rod Alzman is introduced as someone who saw Justin's messages, and they interacted online a lot to talk about Gamestop. They felt comfortable having a platform to talk about GME when everyone thought they were crazy, bombarding them with things like "Blockbuster 2.0." + +Jen Kruza and Jeff Tarzia are then introduced. Jeff Tarzia is highlighted for his Smash JT youtube channel, and how he received a lot of flak for constantly talking about GameStop and its potential. Around this time, Ken Griffin and Steve Cohen are first mentioned in this first third of the film. They are given negative background music as they are described as notorious short sellers. Comments are made how shorters crush companies, and how people like Ken and Steve were "nasty, ruthless motherfeckers." + +The time line then moves to March 2020 - COVID. Jeff Tarzia mentions how they notice GameStop locations trying different things with some of their stores, and JT saw this as bullish - that GME was interested in changing, and it was just a matter of how they would do it. Robinhood and Dave Portnoy are mentioned right around here, as Robinhood had its rise to fame, allowing millions of investors to enter the market with their app, which made investing more digestable and more "fun." The movie goes back to GameStop during COVID, and them closing stores across the country. The interviewees saw this as insanely bullish - GameStop had more store fronts than some fast food chains - they wanted to stop bleeding money by having these excess stores laying all over the place. However, public sentiment saw this as another sign of Gamestop's slow death. + +Tarzia mentions how he was so jarred by how much negative coverage GameStop had... until he came across DFV's stream. The interviewees mentioned how much of a breath of fresh air he was, how supportive, and how he made the most of 7 hour streams for a handful of people. Roaring Kitty got to know the interviewees over this time. + +This is where Reddit is finally introduced, and Wall bet is mentioned. Wall bet initially hated GME, and went so far as to allow posts mocking GME, but removed anything trying to make a case for it. The interviewees had some bans from them either, but they all marvelled how groups like Wall Bet were able to crowd source information, remarking how their DD was often better than what a big firm could pull together alone. + +The movie steers back to COVID, and how interest in gaming was rising as people were stuck inside, however, GameStop's price was not reflecting this sentiment. The interviewees said it almost felt like someone was cheating them. Now enter Melvin Capital with Plotkin manning the helm as a known shorter. Tom Barton from White Rock Capital joins the cast of interviewees as a short seller to remark on short sellers. He talked how shorting stocks was very lucrative in the 80s. When he noticed GameStop, he decided it had a "0% chance of going bankrupt," and that he wouldn't touch it. + +We then get some info on Tesla, and how shorters got screwed by them, and how Elon and Tesla longs mocked them and just had a field day with shorters. Tom Barton said that the lesson from TSLA was to "don't short stocks." This is when Ryan Cohen's 9% stake into GameStop is mentioned. Ryan Cohen was shown in an interview in regards to Chewy's success saying, "We'd have been successful in any category." As in, if Chewy was a grocery chain, or a car dealer, or a videogame retailer, his plan would have made those businesses successful too - Chewy was not exclusive to itself. Jim Cramer is shown calling RC's stake a "stretch" for how far gone he believes GameStop is. + +Francis from DOMO Capital mentions how he had some 1 on 1 with RC to talk about what Francis felt like was where GameStop should go moving forward. + +The second third of the movie goes into the rising SI% of about 140%. Tom Barton mentions how him and his hedgie friends have never seen anything like that before and never knew that was possible (I doubt this, though). We move towards October of 2020 as GameStop is benefitting from the new console releases from Nintendo, Microsoft, and Sony. Francis and friends use GameStop order numbers to figure out an approximate amount of revenue and new customers coming in during the holiday. Then we are told about RC joining the board, and Microsoft's revenue deal with GameStop. + +In December of 2020, We focus on Jenn, who mentions her struggles with breast cancer and how GME was her distraction from that. DFV posts a YOLO update and reveals who he is, and the internet explodes. Then we have Andrew Left enter the chat, the founder of Citron Research. Andrew "Back to $20 fast" Left. The people interviewed were scared of this guy. Citron was the big honcho in research. If he said a stock was going down, you best believe it would. DOMO admitted to selling his position at $42 a share in fear of having his clients suffer losses. + +Farris of GMEshortsqueeze saw this from Citron and said, "F U, I'm going to buy more." [GMEdd.com](https://gmedd.com/) came from this in order to have a platform to post news on GameStop's developments, with a price projection of $169 per share. + +Citron retaliated with "5 reasons why GameStop will drop to $20." The other interviewees tore apart his 5 arguments in the film, remarking how little research this guy seemed to have done. Andrew Left then says he wasn't expecting redditors to hold this stock like a "default religion" and says how he regrets covering GME at all. GME rises to $123 at this point in the film. + +Ken Griffin bails out Melvin. Dmitry says, while the price is rising, how you sometimes need to know when to take profits. Then Citadel getting involved is made to seem like the supervillain decided to handle things personally - Citadel gets involved and you know shit is about to go down. Well, GME tumbles to $40, the buy button is turned off, and the outcry on RH is brought up. + +PFOF is mentioned, RH protecting hedgefunds, and Citadel producing most of RH's revenue for data. Andrew Left steps in to say that nothing nefarious was going on between RH and Citadel. The film mentions how this situation lead to conspiracy theories. The interviewees don't touch this with a 10 ft. poll, they basically say, "Things look very suspicious, but who is to say? Nothing bad was probably going on, but the way they handled it sure made it seem otherwise." + +The film goes into its final act. We have the Congressional hearing in Feb. 2021. Derpy music is played as Plotkin talks like a robot reading off a script. Vlad being repeatedly told to answer directly and then proceeding to stall. Ken Griffin is asked how many people are in the room with him. DFV, however, is given nice music as he chads his way through the interview. He remarks how he is the only one in the room, how he is not a cat, and how he likes the stock. The interviewees are cheering him on as the price rises while he speaks, and then he posts a YOLO update at the end of the day. Everyone comments how professional he was and how they couldn't think of a better person to represent retail investors, being more professional than the bumbling billionaires. At this point in the film, someone remarks, "I knew this wasn't over - this was just the first inning." + +The final stretch of film brings us to March 8th, 2021. Wall bet never stopped talking about GME. Online, people say the squeeze has not squoze, and for the most part, all the interviewees disagree, and basically say that was it. This is where the movie takes an odd, almost disheartening turn. Rob Alzman says, "Yeah, the SI% dropped, so short squeeze is done." Andrew Left laughs at people online trying to make a Rosetta Stone of Ryan Cohen's literal shitposts. + +RC's new hires from different companies are mentioned, with many comments how fantastic these hires were, and how it was curious why they would leave such great, easy jobs for GameStop. Andrew Left says, "GameStop gets someone from Amazon?! Well EvErYoNe FrOm AmAzOn Is FrOm AmAzOn, So Go BuY tHaT iNsTeAd." Occupy Wall St. 2.0 is mentioned as GME "cultists" try to spite the system by buying more, not caring what the price is. The story is compared to David and Goliath, where retail was David. + +The interviewees take another odd jab at everyone. They say they were the OG diamond hands, and everyone following them is just copying them. The way they say this and the way its presented seemed very gate-keepy to me, it was odd. + +The movie ends with all the interviewees meeting in Las Vegas for a ooh-rah, and then its mentioned how these interviewees collectively made $70 million, while the hedge funds lost $13 billion dollars, and counting. + +REVIEW + +Overall, I'd give the movie a 5 or 6 out of 10. Comparing it to documentaries like Inside Job, the casual way they presented everything made it sometimes hard to follow what was going on. Timelines were only visually represented with the ticker sliding across the screen, and dates weren't given to often, but clearly the movie takes place between December of 2019 to March 8th of 2021. I found the end date interesting because two days later we saw the flash crash from $350 to $170 with the oddly timed MSM articles. It seemed so odd to end \*right before\* that event. + +The documentary was a bit all over the place. I made notes as it went on, and its weird reading them back and seeing Ken Griffin and RH being briefly mentioned before going back to other issues, instead of having it added in where necessary. It was weird having them praise Ryan Cohen, yet he didn't seem to get much background. There wasn't much background on Vlad, or Plotkin or Ken Griffin. There was a lot of background on the interviewees. They talked about DOMO's blue-collar investors, Joe's van, Jenn's breast cancer, etc. It definitely humanizes these people, but it doesn't add much, and I felt that was screen time that could've been used highlighting more about why Ryan Cohen was revolutionary to the saga when he signed on, and why Vlad and Ken got called in by Congress, etc. + +What also struck me as odd was whenever the interviewees would basically go on tangents how the squeeze is over. Ignoring how DFV updated after the squeeze, ignoring how [GMEdd.com](https://gmedd.com/) continues to update and follow the stock. Even with recent interviews from the founders of the website, they say they are still shareholders, and they say they have been in it since 2019 or sooner. Why give the impression that you're done with the stock? + +The movie touches on the high SI%.... but nothing on the concept of naked shorting. During the Congressional hearing, little focus was put on Ken Griffin and Bodson's remarks on talking with RH before restrictions were placed, or how Bodson waived capital requirements for RH, giving Vlad no real reason to restrict the buy button. Things like this gave me the impression that this movie didn't want to step on eggshells - they were afraid to say the system is rigged, with Francis from DOMO briefly saying "I think it is" at one point in the film. + +If I didn't know anything about Gamestop and I saw this film, I think I would be curious to look up more online, but I wouldn't be doing so to see what weird stuff happened with RH or to buy GME on the idea that their is still a play there, unless you want to count the "$13 billion lost and counting" as a suggestion that it isn't over. + +Overall, there are some parts of the film that seem like the interviewees are washing their hands of suggesting things are still going down, but they are willing to talk about GameStops turn around and how there maybe was some foul play going on. But the fact that they ended right before March 10th tells me they wanted to get the word out on GameStop and not focus so much on the possible fraudluent system, lest they be labeled as propaganda or fear-mongering. Imagine suggesting the markets are rigged and there is foul play happening every day, and regulators getting on your back for producing the film that started a financial meltdown? Yesh. + +&#x200B; + +Edit: Also, when the stock was described as tumbling down to $40, one of the interviewees said that "This wasn't over, we were in the first inning" or something to that effect. Seems odd to then say later that the short squeeze play was over. +I just started with crypto a month back and I just realized that my screen time for the past week was 13 hours on an average. Crypto market is just soo freaking addictive. I cant just put my phone down for more than 15 mins straight. And the fact that this market is open 24x7 365 certainly doesn't help either. I am simply loving it. Anyone else went through this stage when they started or should I be concerned about this? +From ubank email: + +We’ve got more good news for your savings. After the Reserve Bank of Australia announcement today, we’ll be increasing our bonus interest rate (yet again!) to 3.75% p.a. + +**We make it easy to grow your savings** + +From 1 December 2022, you can earn up to **3.85% p.a.** on your Save account when you deposit $200 or more per month into any of your Spend or Save accounts – it's that simple! + +The new bonus rate is 3.75% p.a. and is paid on balances up to $250K per customer on top of the 0.10% p.a. base rate. +A neat little 'S&P 500 Simulator': + +> In this simulation, you are given a 3-year market period from sometime in history (between 1950 and 2018) or you can run in Monte Carlo mode (which picks randomly from daily returns in this period) and you start fully invested in the market and can trade out of (and into) the market if you feel like the market will fall (or rise). + +* https://engaging-data.com/market-timing-game/ + +Instructions: + +> You will start fully invested in the market, with $100,000 (when you push the "Start/Pause" button). You can sell all of your investments by pushing the "Sell" button and buy back in by pushing the "Buy" button. At the beginning, you can only sell. Once you've sold, you can then only buy. See if you can outperform the market by selling high and buying low. The game will last for about 3 years (750 market days), after which you can extend the game or restart with another random, historical period (or Monte Carlo simulation). +**Preface**: +My girlfriend and I got scammed big time in Thailand to the tune of $850 USD. Below is the story of how the events unfolded throughout the day. I understand that when viewed out of context, the scam seems blatantly obvious; I have included factors and descriptions that seemed harmless at the time. I am a law graduate and my girlfriend is a business graduate. We are not unintelligent by any means. We did our research and thought we were well prepared to handle Bangkok. We were sadly mistaken. I am writing this for several reasons: after the fact, the story is quite entertaining; we have kept this story secret to everyone who knows us; and perhaps most importantly, to heed warning for those who think they are too smart to get scammed in a foreign country. + +**12pm Day of the Scam**: +My girlfriend and I finish visiting a well-known tourist attraction in Bangkok. It is our first full day in Thailand and we are ecstatic. We begin to tour the local market outside of the attraction, ever vigilant of tourist traps and pickpockets. To try to take in the local culture and get out of the tourist-centered area, we begin to walk away from the market. About 3 minutes later we are stopped by a Thai police officer. She is dressed in a polo with a “Thailand Police Department” logo and slacks. I find this odd, but assume she works a desk job of sorts. She quickly warns us that this is not a good area for tourists to be, as crime is very high in the area and asks us where we are headed. After a brief conversation, she recommends local stops to visit to really take in all Bangkok has to offer. She lists the three main stops and even leaves us her cellphone number should we encounter any problems. I ask her for a recommendation on how to get to the first stop, and she recommends a tuk tuk. I tell her of my apprehension of tuk tuk drivers because I have read they are very untrustworthy. She hails a driver from across the street and they begin to speak in Thai. She speaks very firmly to him, shows him the list, and negotiates a fair price for him to drive us to all three locations. When they conclude, she tells us the price which we are willing to accept, and that she told the driver she had his information and would cite him for violations should we call her with any problems. At this point, we couldn’t be more excited and feel very safe. + +**1pm**: +We arrive at our first destination, a local temple. We spend the next half hour viewing the temple and walking around while the driver waits. Overall, it is an incredible experience being on the other side of the world and we are both grinning ear to ear. + +**130pm**: +We finish at the temple and meet back with the driver who is waiting out front for us. He informs us that he needs to use the restroom but waited so we wouldn’t miss him and get lost. He points to his tuk tuk, down the road, and says we can go wait in it and he will be right back. We happily comply and walk over to the tuk tuk. As soon as we arrive, we notice that it is double parked, blocking in another vehicle. The owner of that vehicle then walks up about a minute later, asking if we can move the tuk tuk. We explain that our driver is using the restroom and he should be right out to move it. The man does not seem upset and says he is not in a rush. He then strikes up a conversation with us to kill the time, asking where we are from, how our holiday is going, and so on. When I mention I recently graduated law school, he seems very happy. He explains how he too was a lawyer in the United States that used to work for a well-known firm in New York City. I know the firm and begin to ask about his profession, but he seems uninterested in talking about it. He explains how he had to leave the firm to take care of his dying father back in Thailand. By no means does he look like a corporate tax lawyer from NYC, but I tell myself to stop being judgmental– this man is doing an amazing thing for his family. He then asks where we are headed, and we show him the list prepared by the police officer. He explains how lucky we are to have spoken to her, as these are lesser-known but amazingly cultural stops. The man is particularly keen on our next stop, which is illegible to us on the paper. He explains that this shop is normally only open to Thai residents, but recently opened to tourists to increase tourism. He continues on about how he had all of his suits made by this tailoring shop, our next stop, and how high quality and cheap they are. He says to take advantage of this opportunity and purchase suits while I have the chance. Before long, our driver arrives, apologizes to the “stranger” he was blocking in, and asks if we are ready to go. We leave for the second stop. + +**2pm**: +We arrive at the tailoring shop. At this point, I begin to question why a police officer would recommend a having suits made in Thailand instead of all the amazing sites to see. However, the sales people move us quickly and are great at what they do—making sales. Before long, both my girlfriend and I are measured and being talked into suits. We ultimately agree to 3 suits, 2 for me and one for her, for what amounts to $850 USD. The suits are to be custom made, with a fitting later that night, and delivered to our hotel the next morning. The salesman informs me that I must pay upfront for them to begin to work on the suits. He asks for cash, and points me to an ATM conveniently located right outside of the store. At this point I am very skeptical. I tell him I do not have cash to cover the suits, and must pay by credit card (knowing if I pay in cash I will have no recourse). We go back and forth, but when I say we will leave if we cannot pay by credit card, he budges and lets me pay in plastic (probably the only smart thing I did that day). We arrange to have the shop send a driver to pick us up for our first fitting at 6pm providing all of our contact information, including hotel name and room number. We go on our way. + +**3pm**: +We leave the shop and go to another temple. I feel uneasy and my girlfriend keeps asking what is wrong. But we are still happy, and trying to enjoy our holiday and continue with our tour. We view the temple, and the tuk tuk driver brings us to a riverboat to find our way back to the hotel. We leave and make our way back to the hotel. + +**4pm**: +We arrive back at our hotel and I immediately get on the Internet to research the shop, as I feel incredibly uneasy about the situation. Low and behold, I discover story after story of tourists being scammed by this shop. Several make mention that this shop is connected to the Thai mafia, and I read numerous stories of customers who paid cash, were physically threatened, products that never arrived, and even instances of those who went to the police and were laughed at. I tell my girlfriend and she realizes the way I have been acting and it all makes sense. We realize that the driver is scheduled to pick us up, from our room at 6pm. I begin to think of all the worst-case scenarios: mainly that with knowledge our room and knowing we will both be gone, someone may break into our room and steal everything. This scam was incredibly well thought out and involved many seemingly unrelated parties, what was to stop a hotel employee from being in on it and offering a keycard to our room? I have the front desk call the shop and explain we had an emergency occur and would not be available for a fitting tonight and would be leaving the country in the morning. If the suits could not be cancelled, just leave them at the front and do not contact us. We immediately returned to the room, dead bolted the door, and sat quietly, feeling sick to our stomachs. + +**6pm**: +At exactly 6pm, there is a heavy knock on the door. We sit motionless in bed. A few more knocks and the man eventually goes away. I can only assume the shop knew we were on to them and were trying to do everything at this point to cover themselves. + +**10pm-2am**: +At 10pm, another knock on our door. I know it is the man trying to fit us again and drop off the suits. We do not answer and pretend to be gone with the lights off. My girlfriend is terrified. From that point on, our hotel phone rang loudly, every twenty minutes, until 2am when the calls finally ceased. I know it was them calling because no hotel desk, after being explained the situation, would call a guest’s room so persistently, so late at night. We never answered the phone. I sat awake in bed, all night, scared of what may happen. My mind races. + +**6am the following morning**: +We quietly pack our bags and make our way out of the hotel, foregoing the expensive breakfast we prepaid. We do not want to be seen or heard, we just want to get to the airport and out of this hotel. As we make our way out, a bellman whom we have never seen stops us, and hands us a garment bag with the suits. We do not open it and proceed to the airport. Later that day, we arrive in a different city and breathe a collective sigh of relief. + +**The aftermath**: +After a day or two of feeling physically and mentally ill, we relax and enjoy the rest of our vacation. The suits do not fit, are terribly made with pieces ironed together with sticky tape, and are so thin they are virtually see through. My girlfriend and I will never wear them, although when this is resolved I plan to donate them to a shelter. When we return home to the States, I immediately contact the credit card company and explain the entire story, in detail, pleading that they reverse the charge. The analyst I spoke to explained how terribly she felt for me, but it is unlikely the charges will be reversed because I paid in person and signed the receipt. She suggested my best course of action was to file legal charges against the company. However, being legally trained, I understand that it will cost far more than $800 to litigate in Thailand, and even if I were to win, a flight would cost more than that. It is simply not worth the effort. A US court would almost certainly not hear the case for jurisdictional reasons, and even if they did, I would have no way to enforce a judgment against the company and get my money back. So I proceeded to fill out the dispute and am anxiously awaiting the result. I just figured I would share my story of how someone who is aware of scams and skeptical got taken for so much money. +TL;DR: Was scammed by numerous, seemingly unrelated people into buying $850 worth of suits and when I tried to back out was harassed. + +edited: formatting. + +*edit 2* I appreciate all of the input. I wasn't trying to say I was smart, I'm simply trying to tell a story and warn others. I will have succeeded if one of the many of you who wrote me saying thanks for the advice are able to avoid being scammed in Thailand. Yes, I am aware there is a lot of literature discussing this scam online, but I did not think it would run so deep (the three unrelated people). Also, many have asked why I would buy suits in Thailand and why I didn't research more. Though I don't expect many to understand, I literally just finished sitting for the bar exam and the next day went on my trip (insert more jokes about lawyers being dumb, I get it). I did not have time to do thorough research as I was studying 8-12 hours a day for the past 3 months for the exam. I read that SE Asia is a good place to have suits made my a reputable tailor. Because I began working for a law firm as soon as I returned, I had plans to purchase myself a custom suit or two during my trip. When I was told by unrelated strangers about this great shop, I fell for it. Lesson learned. +It seems like daily that there's someone spouting about investing in gold or fiat currency or free markets without actually knowing what they're talking about. + +What makes it difficult to counter is that to deconstruct their argument takes more work than they put into any given statement. + +Is there a resource for common snake oil/uneducated statements regarding finance and counterarguments/sources? If not, would it make sense to make one? +30yo guy here working in UX, I feel like it has been hard to generally get promoted due to the competition and companies hiring higher level up from the outside. I technically have never been promoted within an organization, I've switched jobs every ~2 years and each has led to increases in base (87k-> 110k->120k), all of them had varying titles around senior/staff level. + +Although I do want to shoot for a higher salary (open to management) given I live in a HCOL area I'm not a super outspoken guy or into competition at work so I feel like it will be challenging for me to get that bump up at work. I do a great job and work faster than most of my colleagues but I'm just not actively and visibly trying to outshine them. I'd rather make friends than competitors. + +I've lately been thinking about whether I should keep trying to make bumps up externally by switching jobs where I don't have to deal with office competition and politics and just deal with interviewing (but it may look bad onnresume jumping every few years), or if I should just keep on that ~120k path at my job and savings rate and just coast along at my job with or without promotion until I hit my number (in about 15 years) +I have previously posted my very small CS account due to that being what I've bought in CS while waiting for TDA to transfer. Waiting for 3 weeks now I decided today was the day, and initiated a transfer to fidelity. First I had to call TDA and cancel my drs request, and it was enlightening... + +The first thing I notice is "Kevin" has a very normal and fluent speech pattern with cheerful demeanor. He asks the qualifying questions to confirm account security including account balance (interesting validation technique and relevant because of the amount). He confirms the account is mine and asks what he can do for me. I tell him I previously made a DRS request and that it was taking too long. At this point he immediately begins stammering and stumbling over his words. I've seen middle schoolers perform Shakespeare with more confidence. He tells me "well you know, it's going to be harder to sell your shares that way" to which I reply "who says I want to sell them? I want to ensure they are mine". "Oh, oh uh, but, you know, we have you know, we use to only get maybe a couple of these requests a day and now it's thousands a day so the wait time, yeah the wait time is longer" + +Thousands. A. Day. + +I wonder how many shares that is! + +Then he goes on to say that the wait times are getting more manageable. I tell him it's been weeks, I'm transferring to fidelity because they can do it in 3 days. Kevin at this point stammered over his words so much it was incoherent. I, not know what he tried to say, just told him I found it curious how evasive tda has been, and how resistant they've been. At this point I hear something in the background on his end crash, which I assume was a thermos, but could have been a bedpost. He stammers some more, and I wish him a good day and thank him for his time. + +I have never talked to someone more nervous on a telephone, and I've done crisis work. Something big is brewing. Maybe tda is just hemorrh aging money due to the outbound clients. Maybe they never had our shares to begin with. He clearly NEEDED to convince me to stay, and sadly for him, nothing was going to do it. + +Post script: I put an intentional space in the H word up there because that tripped an automod block the first time I tried to post for a word I have never heard before that's a no no. So here we are again! +https://www.marketwatch.com/story/people-want-cheap-weed-and-aurora-cannabis-is-paying-the-price-2020-02-13 + +Prices continue to drop as there is no barrier to entry into this market. Zero moat at all. There is not a single competitive edger with any stock. Betting on the stock right now is betting on either hype or the CEO. Both are not winners long term. + +Prove me wrong. +My husband had a property before we met and married, after marriage we bought a house and rented his unit out. This is the first full FY that the unit has been rented and it gutted my tax return. + +Entered everything into my Gov, forgot the unit estimated ~2k return. Added the unit (50% ownership) and it dropped to $180. + +Am I missing something here? I thought everyone hated "boomers" for getting all of these tax breaks on investment properties but it seems to me that I now owe money to the ATO on the income from the unit itself and that's being taken from my return. + +Please be gentle with your replies, I have no financial education and grew up with everyone surrounding me on welfare. I am trying my best! + + + +Edit; for anyone looking for an update, had a meeting with a tax accountant today and everyone who pinpointed my name wasn't on the deed were correct, the IP doesn't belong on my tax return, which means we need to amend last year's DIY return. Husband is pissed since this left him with a tax bill and will amend the title. Also making an appointment with our bank to change over our mortgages. And have a local depreciation person to call next week as well. + +Super grateful for everyone who took the time to offer their knowledge and education, I am better for it and don't feel like we both have our heads in the sand anymore. +Hi all from London, + +[I look at this graph and I think it's getting a bit scary and totally unsustainable](https://imgur.com/a/OFJrvDo). + +Below is the thesis. Please tell me if I've got this wrong, and poke some holes in what I am saying. (Sorry if it sounds like a diatribe). + +&#x200B; + +We know about the debt cycle which corresponds to the business cycle. The easy availability of debt in a company enables them borrow more than they would otherwise. Therefore, the debt-providers can "create" greater revenues on their financials which enables them to borrow more from others; and then they in turn create greater wealth, and so on, and so on. This cycle can last a while. Then, the economy can heat up due to all the extra spending exceeding production levels & GDP. The problem here is the bloating of excessive debt. The economy has been propped up for many years through stimulus packages. + +Add to this, the huge increase in the money supply of a staggering 30% in the last 18 months, with modest signs of so-called "tapering"? This must eventually materialise in inflation of all goods, wages and prices, and including stock prices. From me modest understanding of the economics of Quantitative Easing, by funnelling the dollars through banks as opposed to directly in the economy; inflation is stymied. But, that's only buying you time, right? Plus, a lot more "ordinary" folk are pumping money in the stock market. Everybody talks about meme stocks and crpyto. I am a member of the subreddit [Freetrade](https://www.reddit.com/r/FreetradeApp/) and *everything* is about GME and AMC. + +In addition to the money supply, the subdued interest rates and and Treasury bond buying has created TINA -- There Is No Alternative to Stocks. Since, alternatives assets yields are so low. People stick their "savings" into stocks, and the price simply has to rise to match the demand. + +&#x200B; + +The worrying thing here is that we seem to be heading towards the Fed's never-ending "stimulation" and creation of a synthetic economy. People have to go on as if it's just business as usual... Since you lose money on cash, lose money on CD, lose money on treasuries, you lose money on corporate debt. Who wants to buy gold - it doesn't create any value or pay a dividend. No thanks. Crpyto is a total joke (in my humble opinion) for the same reason and will collapse when the Tether scandal is unveiled. The Fed has created an environment that the only protection people can feel they have for their wealth is in equities. It's driving everything up and people can't sit on the sidelines watching the rally (even with crazy PE ratios). The Fed has incentivised people to join the rally pretending all is well. + +I think people like Cathie Wood are dangerous - they keep stoking the flames with endless panglossian talk of "exponential growth in technology " or the "awakening of innovation and technological growth in the history of human civilization " . :/ +I work in manufacturing. What I am currently seeing is that many companies are looking to expand even further into India and develop them further as well as somewhat take away from China. I am not looking to invest in international stocks, but for those of you who do I would say the future is in India for manufacturing. I know this is not ground breaking or anything but the past few years our company wouldn’t even consider doing much over there except really easy stuff, and now we are about to source much much more over there. Have heard the same from other companies as well. +The following is my personal approach to investing. I'd be interested to read how other people's differs. + +I put a lot of time into every company analysis. This can get up into the hundreds of hours for particularly large or complex businesses. I generally look back 5 or more years for the main financial statements and read the most recent annual report in its entirety. + +Alongside studying the company itself, I'll perform comparative studies of at least one competitor. I also like to read around a variety of news sources to get a general picture of the events surrounding a company and its industry. Often movements in the company's earnings and stock price can be attributed to specific events, so this kind of historic analysis can be beneficial in predicting how future events may affect the company's fundamentals and market sentiment towards it. + +More generally I read the business and financial news daily, to keep myself informed on the current economic environment and its future outlook. I also read widely across the financial literature and incorporate what I learn into my investment practice. + +I personally adopt a concentrated approach to investing, so each position makes up a sizeable portion of my portfolio - generally >10% when fully sized. This means I need high conviction before I will invest, and brings me closer to the mindset of a business owner rather than a stock investor. It also means I accept there is going to be substantial price volatility at times, but look through this to the business fundamentals. If they remain strong then I see a falling price as a more attractive buying opportunity. + +Adopting this approach does mean I need to have a longer time horizon, as while a price fall makes a stock more attractive to purchase, it also makes it less attractive to sell. This provides further impetus to ensure my conviction is high and I have done sufficient due diligence before opening a position. + +Another facet to this is ensuring there's sufficient downside protection, or in the words of Benjamin Graham, margin of safety. This helps to prevent or limit significant losses if my ideas don't work out as planned. For me, margin of safety takes the form of a discount to a conservative estimate of the present value of a company's future cash flows. + +This doesn't mean I will rely on detailed discounted cash flow models, as these can often give you a false sense of security, and small movements in factors such as growth rates can have large effects. Instead, I like to treat equities a little like bonds and look at free cash flow (FCF) yields. I'm looking for companies where the average FCF yield of the last 5-10 years exceeds my cost of capital - usually 10-12% as a minimum, but ideally >15% - and looks likely to remain the same or grow in the foreseeable future. + +It might sound from this that I don't care about earnings growth, but this is not the case. Growing earnings can be a source of outsized returns and is something I like to see in the companies I own. However, I don't believe relying on earnings growth is a conservative way of valuing a company, as it offers very little protection if the projected growth rate is not achieved. + +While my portfolio may be concentrated, it is generally diversified with regard to industry and geography, and contains an allocation to bonds. This diversification helps to reduce the risk of the whole portfolio failing, and rebalancing the portfolio when certain segments appreciate more than others can provide a further source of return. + +I also like to focus on companies that pay out cash to their shareholders, as this gives you the ability to rebalance your portfolio or enter new positions without needing to sell down an existing position. Relying on capital gains leaves you vulnerable to the vicissitudes of the market and can often be ephemeral. As I'm actively trying to insulate myself from movements in stock prices, I avoid putting my trust in them for my returns. + +As a final point, the long-term time horizons and immunity to market movements are what give individual investors an edge over many professional investors. We are not at risk of losing our job if our portfolio underperforms the index for an extended period. This powerful advantage goes a long way towards counteracting any informational edge these investors may have. +For example, how does anyone buy oil & gas companies right now when there is so much uncertainty? I’ve heard a lot of $70 boe assumptions but how do they come to that conclusion? Is it a hunch? +Many of us have assumed that the MOASS will be paralleled by a broad and significant market downturn. Given that the SEC, FED, DTCC and other agencies and institutions know roughly how GME may play out, it would not be surprising to see the FED telegraph the MOASS (and accompanying market correction/crash) in advance. Thus, I have been keeping an eye out for signals from the FED. + +Let me assume for a minute that the quotes CNBC pulled for this article are accurate: + +https://www.cnbc.com/amp/2021/05/06/fed-warns-of-possible-significant-declines-in-stocks-as-valuations-climb.html + +These would be statements by the FED in their semiannual Financial Stability Report. I haven’t had a chance to find the original source. **Edit see source link below**. 🐻 Bear with me. Here are some quotes from the FED: + +“High asset prices in part reflect the continued low level of Treasury yields. However, valuations for some assets are elevated relative to historical norms even when using measures that account for Treasury yields," the report states. "In this setting, asset prices may be vulnerable to significant declines should risk appetite fall." + +This is bearish for the markets. + +“In an accompanying statement, Fed Governor Lael Brainard said the situation bears watching and points out the importance of making sure the system has proper safeguards. She specifically mentioned having banks increase their capital requirements during economic expansions as a buffer against downturns.” + +Ok....warning banks about capital requirements/liquidity.... + +“Vulnerabilities associated with elevated risk appetite are rising. Valuations across a range of asset classes have continued to rise from levels that were already elevated late last year," Brainard said. "The +combination of stretched valuations with very high levels of corporate indebtedness bear watching because of the potential to amplify the effects of a re-pricing event." + +Ok now basically straight up warning of a “re-pricing event”. I think they mean correction? The above is a clear warning about “corporate indebtedness” (read: LEVERAGE). Don’t believe me? + +“The Fed goes into a few specific scenarios that show potential risks to the system. It specifically talked about the Archegos Capital Management episode, when the firm could not meet margin calls, causing several large banks to take big losses.” + +"While broader market spillovers appeared limited, the episode highlights the potential for material distress at [nonbank financial institutions] to affect the broader financial system," the report said. + +Ok this is basically a straight up warning that “non bank institutions” (read: HEDGE FUNDS) could affect stability of the financial system. + +Doesn’t get more bearish than that! And you know what that means for GME! 🚀🚀🚀 + +EDIT: here is the link to the report source + +https://www.federalreserve.gov/publications/files/financial-stability-report-20210506.pdf + +Big thanks to u/Purple-Artichoke-687 for helping me with that. +I’m an orthopedic surgeon one year out of training. I’m in a large group on the east coast, and recently I helped them open a new clinic in a new location (which bumped my salary to its current level). I handled hiring, supplies, marketing, etc., and they handled the financing. It’s now a success. After going through that process, I now feel comfortbale opening my own practice. The problem is that due to student loans, wedding (and her student loans), we have a negative net worth and would be taking on additional debt to open a practice. Cash flow the first year would be tight but manageable. Year one would be spent getting cash flow positive while I take 0 salary. Year two I project to profit 1.5. The plan would then be to hire my replacement at close to 1 mil/year (after incentives) and profit 500. There are numerous potential pitfalls to make this work. But right now the toughest thing to overcome is walking away from my current salary. Should I wait until I have the capital? Or since this is something I’ve wanted to do my whole life, should I go for it while the opportunity is there? + +It’s hard working for someone else when I think I could go solo. When I think about hiring someone to do the work for me while I keep a large portion of the profit, I feel bad for that person. And right now I’m voluntarily being that person I pity. +Prince Harry and Meghan to "step back as ‘senior’ members of the Royal Family and work to become financially independent" + +www.telegraph.co.uk/royal-family/2020/01/08/prince-harry-meghan-step-back-senior-members-royal-family-couple/amp/ +Hello r/pennystocks. I have a history of posting to r/wallstreetbets but this is my first post here, as the ticker in question has a market cap of <$1B. I’ve taken the time to put together this DD but would appreciate any critical commentary if you see something I’m missing. + +**TL;DR:** As the writer of the EndGame series of \[Redacted Retail Meme Stock\] DD on r/wallstreetbets, I believe [ATOS](https://www.google.com/search?q=atos+stock&oq=at&aqs=chrome.0.69i59j69i57j69i59l2j69i61l2j69i60j69i65.823j0j1&sourceid=chrome&ie=UTF-8) has the characteristics of \[Redacted Retail Meme Stock\] when I wrote about it in my [EndGame part 2](https://www.reddit.com/r/wallstreetbets/comments/l0czgs/gme_endgame_part_2_cohen_market_cap_potential/): “a **ridiculously asymmetric investment”.** I’m largely out of \[Redacted Retail Meme Stock\] and growing a position in ATOS as my next play. (Wishing the best for everyone still in \[Redacted Retail Meme Stock\]!). **ATOS has the passive-buying-loop buying impact of \[Redacted Retail EV Stock\] with the gamma+short squeeze of \[Redacted Retail Meme Stock\] all in one.** + +# Why you should and shouldn’t listen to me + +**Why you should listen:** + +I wrote the EndGame series of DD posts ([post history](https://www.reddit.com/user/FatAspirations/posts/?sort=top)) to WSB on \[Redacted Retail Meme Stock\] pretty early on, starting when \[Redacted Retail Meme Stock\] was <$20. As the saga continued, I provided price targets as well as multiple updates and explained price action along the way, and even posted post-squeeze 1 that people should have been buying back in at $50. As someone who studied \[Redacted Retail Meme Stock\] hard prior to the squeeze, I feel somewhat qualified to say that **ATOS actually has similar upside potential to \[Redacted Retail Meme Stock\] when it was <$40.** + +**Why you shouldn’t listen:** + +* Prior to last year, I had no active trading experience. I have been a passive trader most of my life. +* I have no professional financial training and am not a financial advisor. +* For all you know, I could be a 15-year old writing this in my underwear from my mom’s basement. +* As you know, equities with cap < $1BN are highly volatile, and biotechs are highly speculative. Investing in a biotech with cap <$1BN and no active revenue stream might be more retarded than buying DOGE during Elon’s monologue on SNL. + +# About ATOS + +[ATOS](https://www.google.com/search?q=atos+stock&oq=&sourceid=chrome&ie=UTF-8), or Atossa Therapeutics is a drug-development company, founded in 2008. It has somewhere between 5-15 full-time employees. Atossa has two major streams: + +* Breast Cancer\*\*:\*\* Endoxifen - a drug that has recently finished phase II trials successfully, and an antigen receptor therapy for breast cancer treatment. +* Covid-19: AT-301 helps with covid-19 recovery, and AT-H201 specifically targeted at lung-function for covid-19 patients. + +I won’t go deep into the drug-development side of things because that’s not why I’m in this play, but if you’re interested read this [excellent DD site on Endoxifen](https://sites.google.com/view/atos-dd-endoxifen/). + +# Financials + +On Friday, ATOS released their [1Q 2021 financial results](https://atossatherapeutics.com/atossa-therapeutics-announces-first-quarter-2021-financial-results-and-provides-corporate-update/). + +## Assets, Debt, Revenue + +* The company has **$138M in cash** +* No debt +* They burn about $3M a quarter, meaning their cash reserves should last them until 2024 + +## Stock Price Analysis, Shares Outstanding, Market Cap potential + +* ATOS ended the day on Friday trading at $2.90 at market close. +* There are roughly 120M shares currently outstanding, putting the market cap at $351M. +* Remember, ATOS has $137M, or \~**$1.14/share in cash**. This means that the company, minus the cash position, is **currently valued at $213M or \~$1.78/share.** + +Regarding some notes on potential market cap and share price targets: + +* From [this site](https://sites.google.com/view/atos-dd-endoxifen/): “Gilead acquired Immunomedics in 2020 for 21B. Their drug, Troldevy, addresses the HR-/HER2- subtype (10% of all breast cancers) with projected sales of $480M for 2022. If we used **21B as the upper-bound valuation, ATOS would be worth $175/share**. A more conservative target would be **4B, pricing ATOS at $33/share**. Keep in mind that Endoxifen treats HR+ subtypes which accounts for at least 68% of all breast cancers.” + +**The real kicker is the coming epic catalyst.** + +# Why is ATOS up so much in the last few days? Why might it continue? + +ATOS has had a crazy run in the last couple of weeks, running up 91% from $1.52 at the low on April 19 to its close on Friday. Why? + +&#x200B; + +https://preview.redd.it/l3s6wppfjqz61.png?width=601&format=png&auto=webp&s=2cf9afe06c4e63ae1aa1d3dcc7e8af13da9cd0bf + +## Who buys stock? + +Before I go into the next part, you really need to understand this breakdown. Most people don’t really understand why \[Redacted Retail Meme Stock\] rallied so hard and think it was a short squeeze. For the most part, it wasn’t. Shorts didn’t cover in droves until after the brokers shut buying down. + +Who buys stock? It roughly buys down into the following six categories: + +* **Investors:** This includes both active managers at institutions and individuals, who buy the company, valuing the business based on conducting [fundamental DD like this](https://sites.google.com/view/atos-dd-endoxifen/). +* **Insiders:** Insiders are issued stock as part of their compensation, either through shares or options. In some cases, when insiders are strongly bullish relative to the current price, insiders can purchase shares on the open market during open trading windows. +* **Speculators:** Trade mechanics like crayon artists or near-term speculators buy stock based on some justification that someone is about to pay more for it in the future. +* **Short covers**: Investor/speculators that previously shorted the stock buy-to-cover their short positions either when the price has gone badly against them or to take profit on their shorts. +* **Passive Investment:** Funds that track that S&P 500, Russell 2000, or others need to buy equities included in the index at the decreed-upon weighting. +* **Market-makers (MMs):** MMs buy stock to hedge the call options they sell, or short stock to hedge the puts they sell when speculators or investors load up. + +Now the really key thing to **understand is their likelihood to purchase stock as the price of the stock is going up**: + +* **Investors:** Fundamental investors will be **less likely** to buy a stock if the price has gone up too much. This is generally because their valuation models no longer signal a green light. **However,** there are huge swaths of the investment community that **will not invest in an equity until it has reached a certain market cap.** For example, our own beloved r/wallstreetbets won’t even allow discussion of a ticker until it hits $1B in market cap. What this means is that **if ATOS hits >$8.5/share, the market for equity buyers will increase dramatically.** +* **Insiders:** Insiders are issued stock periodically regardless of price. When insiders actively purchase, they largely behave like fundamental investors and are more likely to buy when the price is low relative to their future valuations. +* **Speculators:** It’s largely unpredictable here, but many speculators trade momentum and will buy-in as the stock is trending up and paper-hand when the stock is trending down. **However,** if speculators have a reason to believe in a future event (earnings releases, index inclusions, ELON on SNL, etc.) they will buy or sell leading up to the event and generally liquidate at the event. +* **Short covers**: Shorts may try to double-down on short-term upward price movement of the stock they’re shorting, as with enough shorting power they can move it down. **However**, when the price has gotten too far out of control, they will be forced to cover either by their own risk management teams or their brokers liquidating their positions. So shorts are **more likely to buy when the price has gone up significantly**. +* **Passive investors:** Passive investment indices are **largely price-indiscriminate,** meaning that if Vanguard needs to buy 1,000,000 shares of ATOS, Vanguard will buy 1,000,000 shares of ATOS whether it is $3 or $30 on the day it needs to buy. Normally, it’s very difficult to predict when passives will buy an equity. **However, the one predictable time is initial index inclusion.** The first time an equity gets included into a major index (S&P 500, Russell 2k), there will be a major buy-in event on a specified date. This is exactly what happened to \[Redacted Retail EV Stock\] this year, when \[Redacted Retail EV Stock\] climbed 60% after it was announced as being added to the S&P and then another 6% on Dec 18, with **most of that gain happening in the final 5 minutes of trading on Dec 18.** +* **Market-Makers:** MMs are our best friend. Because MMs have to stay delta-neutral relative to their sold option positions, **MMs buy more as the price goes up.** If there are a lot of call options, and preferably low liquidity in the underlying, this can lead to what is called a “gamma squeeze” and is **exactly what happened to \[Redacted Retail Meme Stock\] in January**, where for 3 weeks in a row \[Redacted Retail Meme Stock\] gamma squeezed and all call options ended ITM, regardless of strike. For 3 weeks in a row, MMs added higher strikes to \[Redacted Retail Meme Stock\] and for 3 weeks in a row, every strike ended the next week ITM. \[Redacted Retail Meme Stock\] was the mother of all gamma squeezes - not the mother of all short squeezes. (MOAGS, NOT MOASS). + +This is most of them. There are some edge cases (like Politicians, who are like Investors/Speculators but with insider information they can unrestrictedly trade against). + +Now let’s talk about how all of this is relevant to ATOS. + +## Dilution update + +ATOS climbed 23% on Friday largely because Atossa retired a proposal that was going to allow them to issue up to another 325M shares of stock, which would have driven crazy amounts of dilution and could have led to a massive share price decline. As soon as the threat of this dilution was removed, a massive number of investors and speculators piled in. + +&#x200B; + +https://preview.redd.it/9kg1hz1hjqz61.png?width=381&format=png&auto=webp&s=7657b8e3bc57bfc1c9d94c68b0dd6b869d429292 + +## Endoxifen Update by June 30 + +In their [annual letter](https://www.globenewswire.com/en/news-release/2021/02/10/2173316/0/en/Atossa-Therapeutics-President-and-CEO-Dr-Steven-C-Quay-Issues-Annual-Letter-to-Stockholders-Highlighting-Key-Accomplishments-and-Strategy-for-2021.html), Atossa reported some bullish news on their phase 2 trials but also promised an update, which means potential phase 3 news, by June 30: + +* “*Oral Endoxifen in the Window of Opportunity Between Diagnosis and Surgery. In 2020, we made tremendous progress developing oral Endoxifen in the window of opportunity between diagnosis of breast cancer and surgical treatment. In May 2020, we reported interim results from our Phase 2 study in Australia showing a statistically significant (p=0.031) reduction of about 74% in tumor cell proliferation was achieved in the initial patients, as measured by Ki-67, over an average 22 days of dosing. Ki-67 is a recognized standard measurement of breast cancer cell proliferation. Six out of the initial six (100%) patients experienced a significant reduction in Ki-67 and each had a Ki-67 below 25% after treatment, which is the threshold identified in research by others for predicting overall survival. Results to date from this open-label study are sufficiently compelling that we have halted the study,* ***shortening our development time-line by approximately one year.*** ***In the second quarter 2021, we plan to report final data from the study and obtain input from the FDA to inform our pathway for further development in the U.S.****”* + +## Russell 2000 inclusion + +This is THE massive catalyst that I believe is not even close to priced in. Prior to March of this year, ATOS has not been included in *any* *passive benchmarks.* (In March of this year, Vanguard added it to its total stock market index and bought about 3M shares). + +However, over $9T **(Trillion)** of passive investment funds are [tied to the Russell US indices](https://www.ftserussell.com/press/annual-russell-us-indexes-reconstitution-measures-resilient-us-equity-market). + +The Russell 1000 is the top 1000 highest US-based companies by market cap, but most investment money here is benchmarked instead to the S&P 500. + +The Russell 2000 is the bottom 2000 of the top 3000 (i.e. rank 1001-3000) highest US based companies by market cap. + +For equities in the Russell already, the index weights are calculated daily roughly equal to company\_market\_cap/total\_index\_cap. + +**However, Russell conducts a reconstitution once a year.** This is an annual event during which equities are added and removed from the index. Here are the key dates: + +&#x200B; + +https://preview.redd.it/xj45xwnijqz61.png?width=630&format=png&auto=webp&s=01fa05aa2ebd3c97540b4bfdbf5dfff8da5f33f8 + +Let’s start with May 7. May 7, or “rank day” is the day where all **eligible** US equities are ranked by market cap, and the top 3000 are included in the Russell indices. If you want go deep, you can read [this document on the methodology](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf), but eligibility is mostly: + +1. Be a US company **(CHECK)** +2. Have more than 5% of votable shares out there held by unrestricted shareholders **(CHECK)** +3. Be traded on a major exchange (**CHECK)** +4. Minimum closing price > $1 on rank day (Atos closed at $2.74 on rank day) (**CHECK)** +5. Total Market Cap > $30M (**CHECK)** +6. No UBTI business (i.e. not a REIT - **CHECK)** +7. Not an LLC, SPAC, ETF **(CHECK)** + +**AS of MAY 7, ATOS met all eligibility criteria for Russell 2000 inclusion for the first time.** Additionally, **at a closing price of $2.74/share, ATOS’s market cap was \~$330M, putting it firmly in the top 3000**. + +I believe that speculators have been loading up on ATOS on the belief of the Russell inclusion, which will be announced officially on June 4. Some of the smartest funds that originally bought into \[Redacted Retail Meme Stock\] have just released 13Fs on ATOS, like Renaissance Technologies with 3M shares ([disclosed 05/13](https://fintel.io/so/us/atos)): + +&#x200B; + +https://preview.redd.it/0ja2x2yjjqz61.png?width=627&format=png&auto=webp&s=6d94c3b1c4ac6d14f4637fbd1b21d957e1b9ea45 + +## The explosive trigger: Call OI + Passive Buying Loop + +Here’s how this could get **explosive.** The total call open interest for ATOS is [**395,394 as of Friday, May 14.**](https://marketchameleon.com/Overview/ATOS/OpenInterestTrends/) ATOS has a put-call ratio of 0.1 - meaning that it’s 90% calls. + +&#x200B; + +https://preview.redd.it/spgoq5vkjqz61.png?width=469&format=png&auto=webp&s=813c8227d04feb067f21db8b478a9539927d3e15 + +Take a look at the OI I see for July calls on ATOS from IBKR (Russell-tracked passive funds will buy on June 25). That’s a **LOT OF FUCKING CALLS** compared to puts. + +&#x200B; + +https://preview.redd.it/od0g41xljqz61.png?width=645&format=png&auto=webp&s=8fe3d730dfad7ec86e1192da06ab9087cffd1a43 + +**So here’s how this is going to go down.** + +* FTSE will announce Russell 2000 adds on June 4. +* If, as I believe, ATOS is included, **active managers and other speculators will front-run passive indices** just as they did with \[Redacted Retail EV Stock\] before passive made their initial entry on Dec 18. +* As ATOS is this rinky-dinky stock with [<10% institutional ownership](https://fintel.io/so/us/atos), **liquidity is ultra-low, meaning that large purchases will meaningfully drive the price up.** +* **As the price goes up, MMs will have to buy more and more shares to hedge the sold call options.** +* The act of MMs buying their shares to hedge **will also drive the price up, leading to more shares needed to hedge, driving another massive gamma squeeze** +* Passive indices will have to buy their shares of ATOS - regardless of price - all at once at the end of the trading day on June 25 driving up a massive spike in the price as MMs + Passive + Speculators pile-in all at once. +* **Somewhere along the way, the shorts will have to cover, driving the price up as well.** +* After June 25, the indices will have bought in and will be holding shares. **Liquidity from that point on will be further reduced, so any calls expiring ITM will further drive up the price in a continued gamma squeeze.** + +# Oh boy, here we go again with the shorts + +Who doesn’t love burning some shorts while making money? ATOS - like \[Redacted Retail Meme Stock\], has some interesting shorting going on. It’s not as heavily shorted as \[Redacted Retail Meme Stock\] ever was, but there is still some very interesting short activity here. + +## Melvin is Dead. A New Villain Enters the Ring - Sabby, et al. + +Melvin Capital is the now infamous figurehead firm at the head of the shorting ring behind \[Redacted Retail Meme Stock\]. + +**Melvin, frankly, was dumb.** Melvin & co didn’t close their shorts when \[Redacted Retail Meme Stock\] was trading <$4 share, when the market cap was worth less than the net cash on hand, and when Burry and u/DeepFuckingValue famously took their positions. Melvin also didn’t close when Ryan Cohen, a boy-genius e-commerce billionaire meme-guru decided to throw his weight into the ring. + +**Sabby** is downright **evil.** Sabby, and a few other “investors” in ATOS, are vulture funds. [Here’s a bit about Sabby.](https://utopiacap.com/2020/03/25/sabby-management/) The **TL;DR:** is that vulture funds get large positions in rinky-dink stocks to convince the board they mean well, then short multiples of their long positions while using their relationship with the company to either use inside information against the price or to convince the company to dilute itself into oblivion. + +## How F’d are the shorts? + +I was concerned before, but I’m pretty convinced by 3 things: + +1. The retraction of the proposal to add 325M shares to the float, likely put there by Sabby and co, is suggestive that the C-level execs have woken up to the ways they were getting fucked by Sabby. +2. ATOS shares short [increased by 8M in the period from 12/31/2010 - 1/15/2021](https://www.marketbeat.com/stocks/NASDAQ/ATOS/short-interest/). Look at the chart. **8M shorts shorted at the recent bottom, shorting at less than $1.25 and likely at less than $1/share.** At $2.90/share, those 8M shorts are **already 300% under.** +3. ATOS is a hard-to-borrow stock with low availability (only 50K on IBKR last I checked), and NO shortable shares on Fidelity: + +&#x200B; + +https://preview.redd.it/uqkogi8njqz61.png?width=685&format=png&auto=webp&s=1dca074a58d3c8e6c91a90fce313e50af33ab0d8 + +I’m seeing some very suspicious failure-to-deliver activity: + +&#x200B; + +https://preview.redd.it/dly2c80pjqz61.png?width=618&format=png&auto=webp&s=37d58e78e75632e27af5ff28684c473698b7799c + +# Important similarities to [Redacted Retail Meme Stock] pre-squeeze + +There’s a few things that really remind me of \[Redacted Retail Meme Stock\]: + +1. Low liquidity: it’s hard to buy large blocks of shares without driving the price up. I have tried. +2. Inability of mm’s to hedge calls appropriately: given the low liquidity, it’s difficult for MMs to perfectly hedge calls given that the act of hedging drives price up. See item 1. +3. Strong near-term catalyst not priced in: Russell won’t announce until June 4. Look at \[Redacted Retail EV Stock\]’s history. \[Redacted Retail EV Stock\] ran up 65% from announcement to inclusion - and that’s with much higher liquidity. +4. Low starting market cap relative to potential cap - see analysis referenced above. This is still a cheap bet. +5. Strong financial footing of the company ruling out bankruptcy risk - $137M cash in bank. No bankruptcy thesis. + +# How might this go wrong? + +Prior to throwing a bunch of money at this, I wanted to understand all the ways shit could go awry. I’ve gone through the following concerns and gotten comfortable enough with the risk to take and grow a large position. + +There’s a good number of risks nicely outlined in the [10-Q](https://dd7pmep5szm19.cloudfront.net/2358/0001437749-21-012213.htm), but I’m going to call out the big ones as is relevant to this play: + +* Dilution: While the major dilution effort was retracted on Friday, the company is still authorized to issue up to 180M shares (120M outstanding now). There are an unknown number of non-exercised warrants out there with strike prices from $1.05 to $4.05. I estimate that there’s about 30M shares worth remaining but no way to know for sure. However we know it’s less than 60M given the 10Q. +* Russell Inclusion: Even though it hits every single checkmark, and the market cap is clearly enough, FTSE may come up with some reason to not include it. If you want to be safe but miss out on some potential gains, you could wait for June 4. +* Shorts may limited their losses through the purchase of warrants. This would be an expensive hedge, but possible. +* Paper-handed traders selling before June 25 - I don’t think most people understand the immensity of the impact that an index inclusion for a penny stock is going to have. Active traders will drive the price up between June 4 and June 25, and some folks may paper-hand out before the major buy on June 25. +* Drugs don’t work out - always a risk with biotech. This is more of a risk if you’re playing this for the long term. I’m not. +* Sabby & co may pull out more dirty tricks: If I learned anything from \[Redacted Retail Meme Stock\], it’s that you can always be surprised by a new dirty trick, and it’s really hard to plan for it. + +This is a **highly asymmetric play.** Not everything needs to hit for it to work. On the downside, it hits cash value of $1.14/share. On the upside, I think we're looking at double digits post gamma squeeze + passive buying. + +# How to Be Smart and Not Lose All Your Money + +With any heavily shorted stock, there’s a lot of dirty trading tactics that you need to be cautious of. I’m going to re-share some of what I said previously in \[Redacted Retail Meme Stock\] posts as it’s heavily relevant here as well. Here’s some things to be careful about. + +* **Going too far OTM on calls will hurt you & a potential gamma squeeze:** Currently, ATOS has the highest call IV of any stock out there: + +https://preview.redd.it/nywjt3erjqz61.png?width=631&format=png&auto=webp&s=c096fd8165cf0a99d0db7185dd67acdf07f444de + +* Buying a call far OTM has lower likelihood of success, and in the case of of ATOS, is really, really, really expensive. The best way to play this is with shares, but if you’re going to buy calls better to go closer ITM (July 2.5c, 3c, etc.). Not only will you be more likely to win, but MM’s will have to buy more shares to delta-hedge the call as the price ramps up, so it will positively impact a gamma squeeze. If you buy 7c FDs, MMs won’t need to hedge that unless ATOS more than doubles in price, so you’re not really having any positive underlying movement on the price unless shit squeezes hard. +* It can be tempting to trade-up your options for higher return, but be mindful of the delta impact. You may actually be driving the sale of shares by MMs when you don’t mean to. For example, if you sell a .5 delta call for 2 .2 delta calls, that’s a net reduction of 10 shares that MMs have to hold long as a hedge. +* **Be careful about being short any calls:** Ooh, high IV, might as well short some calls right? Maybe stop and think about call pricing - **why is the IV so high?** Someone out there really, really thinks ATOS is massively underpriced and they’re willing to pay out the ass for leverage based on their conviction. Do you know enough to bet against them? No? +* **You can still take advantage of high IV by selling puts.** At the time of this writing, ATOS closed at about $2.9 a share. **The 3p expiring in 7 days (May 21) are selling for $.50!** Selling the $3p means either of the two outcomes happen: either you get shares at $2.5 in 7 days (which is better than buying at $2.9 today, in case it goes down), or you pocket **20% return on capital in 7 days.** If you’re selling puts, **make sure you have cash to cover and don’t sell puts on margin.** +* **Be careful about buying on margin.** Brokers are rapidly increasing margins. If you bought on margin with 2:1 leverage, and the stock went up 100%, you’d be in margin call even without a margin change. If the broker moves margin against you, you’ll get to margin call faster. +* **Don’t bet more than you can afford to lose.** I was in \[Redacted Retail Meme Stock\] for months before it took off. Over-extending yourself means you’re more likely to sell on dips and lose the upside. Consider spreading your purchases out. I’ve held through **50% drawdowns** on \[Redacted Retail Meme Stock\] but wouldn’t have been able to if I put too much in. So don’t be retarded and go all-in on this pennystock even if it’s an amazing bet. +* **Watch out for stop loss hunts.** It’s common practice for shorts to hunt for stop losses for cheap shares. DON’T SET STOP LOSSES. +* **OPEX.** Imagine if every trader out there took profits of their calls at expiration. In that scenario, MMs sell the shares they used to hedge the calls, leading to a downward drift in price. If instead people rolled forward winning calls, for example, MMs would not necessarily sell the hedge (depends on delta). Selling calls before expiry if you just want to take profits sometimes means you can avoid a drop on OPEX. +* **Don’t sell on dips.** You’re only helping the shorts. If you need to sell to take profits, sell when it’s heading up. *Sell high, not low, retards.* +* **Save dry powder to buy on dips.** Dips manufactured by shorts are buying opportunities. Take advantage of folks with paper hands to capture shares at low points. ATOS has incredible daily volatility. Set a low limit buy and just wait for the order to fill. **Have patience when buying.** +* **Don’t buy calls on rips.** With everyone expecting a squeeze *at any moment* option premiums that are already high rocket to insane levels in minutes. You’re absolutely fucked if you buy calls on rips, even if you’re right. +* **HOLD.** There is so much upside in ATOS, *that it doesn’t matter what price you buy now if you have patience and wait for inclusion.* **Don’t give up your shares for cheap.** + +# Positions: + +* 80K shares @ cost basis of 2.69. Continually adding. + +https://preview.redd.it/3o23ku1tjqz61.png?width=624&format=png&auto=webp&s=02e64908b954d3e48a154d64d6fc32c58d565520 + +# UPDATE: + +FOLKS DO NOT GO ALL IN! Please read the risks I mentioned above and make a reasoned bet on this. Save some $ to see if Russell actually announces this add on June 4, and deploy that $ if it is confirmed. There's a little toooooo much excitement here. There's still lots of ways this could go wrong! + +# UPDATE 2: + +Added 50K shares today (05/21). This is still high risk. + +# UPDATE 3: + +It's been added and was last trading at $4.60/share. Cheers! https://content.ftserussell.com/sites/default/files/russell_3000_index_additions_-_2021.pdf +I recently was recommended by a friend to look into renting to traveling nurses. He said he makes a killing buying SFH near hospitals, remodels, and then rents it out fully furnished room by room charging 600-800 a room. Has anyone else heard or have experience in this. +This video explains why zoom video communications (ZM) is bearish and overvalued. Put options are increasing in volume. Is a crash inevitable? https://youtu.be/k6WS1jQqU7c + +If a recession is coming why not do this, tame inflation and get it over with. The sooner the recession comes, the sooner we can start the recovery. It feels like hiking it little by little just prolongs an already painful process. Especially since many economist and bankers believe that the federal fund rate needs to hit at least 4 percent to even begin to bring down inflation. Why not just do a big major hike? +**About me** + +Hi! I’m a 26F CPA living in Toronto, Canada. I wanted to post this to show the non IT people in this sub that don’t make 100k+ right out of school that it’s possible to increase net worth quickly even without those things. I’ve always been a saver but I discovered MMM in December 2015 (when I was 24). The realization I could retire at 35 really lit a fire under my ass to save even more and actually invest it. I was working through my CPA at a big 4 accounting firm at the time and hated every second of it. To be honest, accounting is boring and a ‘meh’ career at best, but the money is good so I will most likely stay on this path until I feel FI enough, if not actual FIRE. + +I live in the downtown core of the most if not second most expensive city in Canada, sharing a two bedroom condo apartment with my SO. I have no expensive hobbies other than travel and lead a pretty ‘boring’ life. I’m slowly getting healthier and into exercising but those things are harder for me than saving money. + +The privilege – My parents paid for 3 out of my 4 years of university. That’s about 36k that I got for free which will never have to be repaid (I asked). That one year and for the 2 years I lived on campus I paid for myself through part time jobs before and during university. I also went back to live with my parents for one year rent free during my 5 years of working, which was a nice boost to my net worth during that time. + +Here are the numbers! + +**The goals** + +My spending goal in retirement for one person is $20,000-$30,000 per year (as part of a $40,000-$60,000 spend household). I expect my SO to pay their own way on this FIRE journey. The dream at the moment looks like one year on one year off long term slow travel, most likely for 5ish years of travel. On the off years, we could work, volunteer, whatever. These FIRE plans are not that defined because who knows what I’ll feel like in 5-10 years. + +All else being equal (is it ever?) I expect to achieve the following net worth milestone at the following ages: + +|Annual Spend (individual)|$20,000.00||$25,000.00||$30,000.00|| +|:-|:-|:-|:-|:-|:-|:-| +|FI @ 4&#37;|$500,000.00|29|$625,000.00|30|$750,000.00|33| +|FI @ 3.5&#37;|$571,428.57|30|$714,285.71|31|$857,142.86|34| +|FI @ 3.25&#37;|$615,384.62|30|$769,230.77|32|$923,076.92|35| +|FI @ 3&#37;|$666,666.67|31|$833,333.33|32|$1,000,000.00|35| + +\^the above does not account for market corrections/recessions. If one happens tomorrow obviously those ages will change. + +My flair is based on the first goal - $500k for 20k of spending at 4&#37;. Is that going to be the number I FIRE at? Probably not, given the expectation of a low growth environment in the near future and my young age at the expected time. But it’s a number that I would feel comfortable about enough to shift into something more chill. It’s possible and even likely that I’ll experience the golden handcuffs phenom and stay for a while past that though to feather the nest and add security. + +Future plan/goals – I have no interest in having children, which enables my fast FIRE journey and long term travel plans. I am also lukewarm towards real estate because of the very high property prices in Toronto as compared to rents, and my distaste at paying maintenance fees on condos .AKA if I buy; it has to be a freehold house, which makes homeownership an even more expensive proposition. While Canada is great, it’s also possible that I will be OK with living somewhere else with single payer health care long term (I hate winter), so that’s another reason buying is not high on the priority list. + +**Income history and Net Worth** + +I started my career at a big 4 accounting firm making 45k, then 50k the next year, then 60k the next. These are standard salaries for this job in my city – Toronto. During this time I was renting a place downtown with a roommate or SO. + +After leaving the firm my first job out was at 75k, and I moved to live with my parents for that year. Getting rid of rent was amazing for my net worth. Then I moved to a more interesting job that I thought I would love for 80k and started paying rent again. Now I’m still paying rent, but making 95k somewhere else. + +I do have access to a side hustle that I started participating in around 2016. It’s very CPA specific and involves helping incoming CPAs get feedback for their practice exams in preparation for the qualification exams we have to write in this profession. I think I made <$2000 the first year I did it, but it grew steadily and I made $13,000 last year from this. + +My net worth started at -$10,000 on the day I graduated university in the summer of 2013. That debt was owed to my parents for a lavish long trip I took that summer which I repaid in my first year of working. No regrets. After I started working and saving, it began steadily going up. My records are spotty in the beginning, since I was just saving to save. + +|Jul/2014|$10,000.00| +|:-|:-| +|Sep/2014|$16,108.48| +|Nov/2014|$21,146.27| +|Jan/2015|$26,275.45| +|Mar/2015|$30,587.78| +|Jun/2015|$41,766.89| +|Sep/2015|$48,129.09| +|Dec/2015|$54,127.60| +|Mar/2016|$66,790.00| +|Jun/2016|$82,387.42| +|Sep/2016|$93,851.37| + +I reached the 100k milestone sometime in November 2016 at 24 years old, 3 years and 2 months after my first day of work. + +|Dec/2016|$108,566.61| +|:-|:-| +|Mar/2017|$124,818.16| +|Jun/2017|$137,332.79| +|Sep/2017|$159,339.43| +|Dec/2017|$184,239.82| +|Mar/2018|$196,280.12| +|Apr/2018|$204,157.49| + +I reached the 200k milestone sometime in April 2018 at 26 years old, 1 year and 5 months after 100k (4 years, 7 months after my first day of work). It definitely gets faster (especially if you have year of not paying rent!). + +All else equal and barring a downturn, I hope to achieve the 300k milestone around winter 2019. Depending on the side hustle this year and with my increased income, here’s hoping for Dec 2018 instead of March 2019. + +**Monthly expenses** + +For a millennial living in a huge high COL city, I don’t spend a lot of money. This has enabled me to save a ton of money even on my medium salaries. + +Currently, this is how much I spend + +Rent: $1,100 (my half of a $2,200 apartment) + +Electricity: $25 (my half, goes up and down slightly with the weather) + +Internet: $25 (my half) + +Phone: has been free for the last year because of my job. I suspect with the new job I’ll need to pay around $40. + +Transportation: $0-$120 depending on the weather. I walk to work in the summer and take transit in the winter (-25C is not good walking weather). + +Groceries and household: $120-$200 depending on my laziness really. + +Eating out and entertainment: $100-$150 depending on my laziness, inversely correlated with groceries. There will be a social event once a month or so with friends. + +Monthly total: $1,370-$1,660. That works out to $16,440 to $19,920 annually without accounting for extras like vacation. This year that will add about $3,000 to the budget. + +**Investments** + +My tax advantaged accounts are maxed out and self-managed through a DIY brokerage. My taxable contributions are split evenly between the same self-managed DIY brokerage and a robo advisor for shits and giggles. The robo advisor is winning at the moment, because I view my DIY brokerage holdings as a whole unit so my taxable account gets the brunt of the bonds (low rate environment). + +The DIY Portfolio is as follows: + +Cash: 0&#37; + +Bonds: 13&#37; (preference is 10&#37;), ZAG mostly. I’m meh about this allocation. + +REITs: 4&#37; (preference is 5&#37;), VRE mostly. Also meh about this allocation. + +Canadian dividend stocks: 7&#37; (preference is 2&#37;, my investing strategy used to be dividend based so this is a remaining position from then), CDZ. + +Canadian Market: 3&#37; (preference is 2&#37;),VCN + +US Market – hedged to CAD: 22&#37; (preference is 24&#37;),VUS/VSP + +US Market – unhedged: 22&#37; (preference is 24&#37;), VUN/VTI(n USD) + +International (both developed and developing) – unhedged: 30&#37; (preference is 33&#37;) XEF+XEC/VXUS(in USD) + +My robo advisor has split my investments as follows: + +Bonds: $20&#37; + +Low carbon global stocks: 27&#37; + +Canadian stocks: 23&#37; + +Global stocks: 15&#37; + +Cleantech stocks: 15&#37; + +I’d love any advice on my allocations. I rebalance when I invest so it’s a bit slow. + +Is there anything else you want to know? + +If this post is well received and the community feels it’s useful, I’ll make another one when I get to $300k. + +Edit: my title was too long :( it's supposed to say 'at 26' at the end. Live and learn i guess. +Disclaimer - I'm a financial newbie and new to all these insurance schemes. + +Dont know if this post is appropriate for this sub, but i lurked here to know about posts that talked about health insurance. Here's a short summary of what i experienced today for taking my first ever health insurance. Kinda ruined my entire day with too and fro calls with reps. + + HDFC Ergo Optima Secure via official online platform premium for 3 years - Rs. 35715 + + HDFC Ergo Optima Secure via bank premium for 3 years - Rs. 37980 + + Difference was Rs.2265. + +Call with HDFC ergo health insurance agent(forwarded to by RM) - + +Bank agent mentioned the following benefits if taken from the bank instead of directly taking it online( premium was 2k lesser) + +* Better Customer support than the insurance support, hence worth the additional premium. +* Any issue/compliant - The RM will be single point of contact for insurance and banking. +* Will assign Dedicated claim representative for 25 days if hospitalized +* Easier to get claims similar to corporate policy +* Health checkup - bank rep will set things up. +* Intermediary code will be of the bank, so bank will make sure everything goes as planned. +* All complaints to be resolved by bank as its a banking-insurance issue within 48hrs(defined SLA). If taken online, these benefits not there. +* Can demand insurance services to bank reps as bank holder risking to switch banks to issue in insurance. +* In whatsapp group with doctors group for claim approval, hence immediate response as i'm a bank member for the limited member list within their portfolio unlike Insurance customer support(for them its another support action) +* 3 "IRL" personal stories of why its better to get it via bank which i cant say its real or not. +* All 3rd party services like policybazzar, coverfox charge commissions which we dont. +* Also was asked to get Super Secure instead of Secure policy - which was available via bank portal but not at the official hdfc ergo portal for my pincode. +* **I asked all the above in mail as confirmation of the mentioned, didn't get it. So apparently i was talking with HDFC rep that looks into Niva bupa insurance who mentioned all the pointers above, then later got transferred to HDFC ergo rep who didnt mention any of the above.** + +Suffice to say, all the above was very convincing for a hassle free health insurance experience. But it didn't stop here. + +&#x200B; + +While i was comparing premiums on the official online portal, got call from one of the Customer success associates and we had a long discussion. + +HDFC ergo rep(via website) gave the following pointers - + +* Lower premium via online process +* Cut the middleman, they are selling offline policies, hence higher pricing. +* Bank RM still needs to come to insurer for anything related to the policy. +* Banks are trying to get sales numbers, hence all the services claims, they dont have extra power over the insurance company processes. +* Regardless of where the insurance was taken, the final say will be by the Insurer, No bank RM can overrule decisions made. +* The banks selling insurance(or Bancassurance as its called) is one of their services, while Insurance is our ONLY service which our customers expect. So we will be 100% dedicated towards your insurance related issues. +* All claims are nowadays smooth via e-card or phone number/policy number, so wont need middleman interference for anything. + +Now i've only had health insurance experience via the corporate one, which seemed to be hassle free, maybe because it was all coordinated between my HR/hospital and insurer reps. So i cant tell if having middlemen are beneficial or not. + +&#x200B; + +In the end, got tired of the constant calls, just went online to the official portal and took the policy. I got the proposal form and i guess I'll be getting it approved in 1-2 days. + +Whether getting it online will be more hassle during claims time like the bank reps mentioned, idk, maybe some of you can comment on this aspect. +Question. Does you use the Fibonacci tool? If so, do you recommend others learning it? + +I see some people using the fib to understand the market and banking large profits. +I am giving my mom roughly 30-50 bucks a week to put into the market. I heard that dividends tend to work best when purchasing in bulk. Is there any stocks that you guys recommend I can slowly trickle in? + + +She doesn’t work(disabled). She has some savings not much and I’d like dividends because this is for the long run. I don’t really have enough time to worry about my account and hers. So idea of dividends is kinda perfect. + +Thanks in advance + +Edit: Woah a ton of recommendations! I've got some real homework to do. Thanks a bunch +Hi all - ive been a long time lurker here and have bene trading options for about 8 months. I am very diligent when it comes to selling options, logging every trade, following economic news closely etc. + +I started my account with $15,000 in April, took it to $40k two weeks ago. I FOOLISHLY made really good easy money day trading SPY credit Spreads, and so I tried it again and lost about 12K. + +My account is now sitting at roughly $21K and ive decided to take a break. My method of slow and easy was working great, earning 0.5 to 3% per weekly trade selling 5-10% OTM Calls or Puts, but I got greedy. + +It really hurts, any advice for losses? At least my strategy wasn't the issue, it was pure greed.... +When I started buying bitcoin in 2016, I envied people that got in early 2010. But I don't envy them anymore. Because I won over the people that has made a profit in fiat, holding tight my BTC. I don't try to be rich quick, but I try to be wealthy in a long term. Moreover, I want a control over my savings and Bitcoin gave me an opportunity to do so. +This is so embarrassing to say but I've saved up about $25k since this time last year when I got my first post-grad job and it's just been sitting in the savings account I set up when I started working at sixteen. I live with my parents and I have very conservative bills and spending habits so I honestly don't need to see any of that money until I retire (even though it is comforting to see the number in my bank account after struggling to feed myself all throughout college). I know I could be investing it better but a lot of how that works is a complete mystery to me. I know that now would be a great time to invest in the stock market, but I'm too scared of the possibility of losing any money from doing that (although I feel like investing in Lyft or Uber would be a safe choice and all that I'd even consider). So... a high-yield account, I guess? But with what bank? Does it make a difference what bank you go with? Lol I think you can tell I'm a complete rookie so ANY advice would be appreciated, thank you all so much :) +29/M just passed the $500k CAD net worth mark (521k today) but cant share this victory with anyone, as it would change a lot of relationships if anyone found out. So here I am posting to Reddit. + +The details: + +Working as a chemical engineer overseas earning in the low 200s, although taxes are in the 40% range. Able to save 80% of my after tax income to be able to FIRE at 40 with 1 kid budgeted (currently 0). Aiming for 2M with a SWR of 3.5% for annual income of 70k. + +All savings are invested passively. RRSP and TFSA are maxed out first and then the remainder into an unregistered investment account. I tend to favour Canadian bank stocks as they have an excellent track record. They've never cut their dividend and pay an average of 4%. I'm not well diversified here because of this but have averaged about 11-12% over the last 5 years. + +Real estate is a bit of a shit show in Canadian cities so I'm looking for lower CoL cities that don't put me in -40 winters (spoiler: there aren't many). So I'm keeping that 500k liquid and invested, which is working well so far. + +Thanks for reading. Its finally nice to be able to share this information even if it's more brag than humble. I really enjoy seeing people meet their goals and go fuck themselves! + +EDIT: thanks everyone for reading and all the positive feedback. To answer some questions: + +Yes this is a high salary for someone in my field. The best advice I can give for anyone young is to not be put off by experience requirements for a job. My salary went from 75k to 156k to 216k in 5 years simply by aiming high (and of course being able to deliver when I got there). They say the best time to look for a job is when you still have one, so I'm always looking for the next big opportunity. This also applies to asking out the pretties girl/guy and so many other things. Worst case scenario is you're in the same place you were 5 minutes ago. Big risks = big rewards. (Disclaimer: logic, common sense, due diligence may be required) + +I work in the Latin America region, not the Middle East, so I've been looking at going non resident for now in a place like Panama, Costa Rica, Belize, or Ecuador. Panama especially seems like a great place to relocate to. + +My savings rate is high because my CoL is covered at work so I don't spend any money at all. I don't rent an apartment but travel exclusively when I'm off work. My girlfriend lives in Europe so I visit her frequently and travel to other low CoL sunny countries in other months. This has proven to be a cheaper lifestyle than when I was a student in Vancouver just spending the baseline (rent, car insurance, phone bill, etc). One of the perks of my job is that when I finish work, I get a free RT airfare to almost anywhere in the world....so I make sure to take advantage. Avoiding lifestyle creep is everything with FIRE, but I make sure to budget in such a way that I enjoy my life and lead a meaningful life until I reach my goals. + +Thanks again everyone for reading and responding. I'm very happy to receive such positive feedback. Good luck with your respective FI goals! +Hello, + +Just watched The Big Short and really enjoyed it. I was curious about one aspect of the story that was brand new to me, which I'll try to explain in non-finance terms, and if you have any material you can reference that helps me understand what happened I'd be very appreciative! + +Alright, so here goes: + +So the characters in the movie bought credit default swaps on CDOs and certain tranches of bonds comprised of mortgages. Now when it became clear that the bonds were going to fail, the firms that sold the credit default swaps seemed to do a lot of things to keep from having to pay out the CDS such as pretending they had printer problems or whatever. The movie said the banks and investment firms wanted to get the "bad stuff" off their books before repricing them downward? + +Basically just trying to learn more about what the banks were doing exactly and how a transaction like this should have worked if there were no shenanigans. + +Thanks! +I used to think WSB was exactly what they describe themselves as: retards at a casino. + +While that still may be true, there might be some brilliance to their madness. + +Traditionally, valuations follow fundamentals. That's what we've all been taught: P/E, DCFs, revenue/earnings growth and multiples. + +TSLA completely shattered this reality. A promise of a company that could transform an industry led to retail investors piling up shares and increasing valuations past any sense of normalcy. + +While we can say that "eventually all bubbles pop" it doesn't really matter anymore. TSLA used this irrational market to raise $12B in CASH. That's enough to guide it through whatever obstacles it meets. With this war chest (and its retail investors "buying the dip") it's much clearer to see TSLA come out the winner of the EV/autopilot revolution and justify its $800B valuation. (There's a whole other argument to be made about top talent wanting to work in a company that will make you a millionaire thanks to stock options). + +In essence, fundamentals for Tesla are being built around its valuation. + +The recent GME hysteria seems ridiculous, but it could end up being a similar situation. While this week's movements is a game of liquidity between longs and shorts with a limited float, GME could end up being a leader in the gaming industry simply because of the amount of cash it will undoubtedly end up raising at these valuations. + +We've all heard that "the market can stay irrational longer than you can stay solvent", but that was said in a world when access to capital was more limited and a lack of technology only allowed linear growth. + +I'm slowly being convinced that due to technological exponential growth and access to capital, (many cases, not all cases of) irrational valuations will more quickly be caught up by fundamentals than they're caught up by a lack of support. That's especially true with stocks that generate emotional decisions such as TSLA. + +So, is it different this time? I'm beginning to think it is. +I used to think WSB was exactly what they describe themselves as: retards at a casino. + +While that still may be true, there might be some brilliance to their madness. + +Traditionally, valuations follow fundamentals. That's what we've all been taught: P/E, DCFs, revenue/earnings growth and multiples. + +TSLA completely shattered this reality. A promise of a company that could transform an industry led to retail investors piling up shares and increasing valuations past any sense of normalcy. + +While we can say that "eventually all bubbles pop" it doesn't really matter anymore. TSLA used this irrational market to raise $12B in CASH. That's enough to guide it through whatever obstacles it meets. With this war chest (and its retail investors "buying the dip") it's much clearer to see TSLA come out the winner of the EV/autopilot revolution and justify its $800B valuation. (There's a whole other argument to be made about top talent wanting to work in a company that will make you a millionaire thanks to stock options). + +In essence, fundamentals for Tesla are being built around its valuation. + +The recent GME hysteria seems ridiculous, but it could end up being a similar situation. While this week's movements is a game of liquidity between longs and shorts with a limited float, GME could end up being a leader in the gaming industry simply because of the amount of cash it will undoubtedly end up raising at these valuations. + +We've all heard that "the market can stay irrational longer than you can stay solvent", but that was said in a world when access to capital was more limited and a lack of technology only allowed linear growth. + +I'm slowly being convinced that due to technological exponential growth and access to capital, (many cases, not all cases of) irrational valuations will more quickly be caught up by fundamentals than they're caught up by a lack of support. That's especially true with stocks that generate emotional decisions such as TSLA. + +So, is it different this time? I'm beginning to think it is. +Looks like the miners up there might be taking a hit. Town is most likely going to be evacuated possible damage to infrasturcture. As seen with timmims in the past fires these size can growth dramatically and operations can be shut down for a month+. Or weather co cooperate. Just an fyi + + + + +Red Lake, Ont., municipal officials are urging residents to evacuate the community immediately as a forest fire five kilometres south of the township rages on. + +As of Tuesday morning, officials said residents should evacuate as soon as possible, as Highway 105, a main passage in the community is expected to be compromised by the fire by noon. + +Early discussions with the Ministry of Natural Resources and Forestry (MNRF) indicate that the community's "main hydro and main corridor will be compromised by noon central time, which means no one will be in or out of the community except for air traffic," said Mayor Fred Mota in an interview with CBC. + +ADVERTISEMENT + +The municipality, which is home to more than 4,000 people, and is located about 500 kilometres northwest of Thunder Bay, issued an initial evacuation order at around 9:30 p.m. Monday night, urging vulnerable people to leave immediately. A state of emergency in conjunction with the MNRF was also declared, according to the mayor. + +"There's still people out, the gas stations were filled, people just wanted to get out and be safe, and that was our message to our residents," said Mota, who was still in Red Lake as of Tuesday morning. + +Residents have been asked to register for temporary shelter at the township office in Ear Falls, Ont., or at the Dryden, Ont., recreation arena. + +Thunder Bay to host evacuees + +Residents from the community will also be flown to Thunder Bay for shelter, according to a news release issued by Thunder Bay city officials on Tuesday afternoon. + +"We have been in discussions with Dr. Janet DeMille, Medical Officer of Health, as it relates to the arrival and hosting of additional people within the city during a pandemic," said Norm Gale, Thunder Bay's city manager. + +Officials in Red Lake, Ont., located about 500 kilometres northwest of Thunder Bay, urged residents to evacuate Tuesday as a forest fire burned nearby. (CBC News) + +ADVERTISEMENT + +In the statement, Gale said COVID-19 prevention measures are in place in the city, and evacuees "will abide by the health and safety measures in our community." + +"We have also been informed by Dr. DeMille that at this time there are no active COVID‐19 cases in the community of Red Lake," said Gale. + +In addition to Thunder Bay, Red Lake is sending residents to a number of other communities in the region including Dryden, Kenora and Pickle Lake, according to the release. + +Fire more than 500 hectares in size + +The fire, called Red Lake 49, was first reported by Aviation, Forest Fire and Emergency Services on Monday. + +At the time, the blaze was reported to be approximately five hectares in size, with five water bombers active in the area to assist with the efforts. + +As of Tuesday afternoon, the fire is reported to be 550 hectares in size, according to the MNRF. +https://www.youtube.com/results?search_query=thomas+peterffy+gme+admitting + +it astounds me that nothing has been done yet about any of this, the fact that he literally admits that GME would've skyrocketed that day they halted buying, he also admits that they did it to protect "themselves".. I mean, how much more blatantly can you admit that the market is fraudulent and controlled? and why has nothing been done about this yet? its been months. + +All those politicians who jumped on the train that day loved throwing their opinion out there with their arms up for public favor, funny how they all moved on a few days afterwards.. + +regardless of GME's outcome, this will always serve to me as definitive proof that its a rigged fraudulent system against retail. The fact that Robinhood and several other brokers literally put a limitation/stop on buys for GME but allowed selling still blows my mind that it happened and nothing has been done about it still.. + +the most irritating part for me is that, GME exploded so fast that they had no choice but to put limits on buys and manipulate blatantly in front of the world to stop it during those few important days, but since nothing was done and still not much has been done about it, they've had all this time since then to figure out and deploy other methods and ways of manipulating GME behind the scenes indirectly so their broker puppets don't look like the bad guys again limiting buys and shit.. gets my blood boiling, once GME rockets and i get my money, i'm never investing in american stocks ever again. +This article shows the main types of debt as percentage of GDP, and doesn't look as bad as we are lead to believe...or am I wrong? Granted the peaks of 2008 which resulted in crisis make things look better now, and if you shift your eyes left on charts to earlier years it looks uglier. http://www.dollarsandsense.org/archives/2019/0919parry.html + + EDIT2 and here is Fed debt to GDP...the worst (?) of them all. https://fred.stlouisfed.org/series/GFDEGDQ188S + +EDIT 3 All in one chart for mortgages and consumer debt payments as percentage of income. Not too bad seemingly, but due to low interest rates. https://fred.stlouisfed.org/graph/?id=TDSP,CDSP,MDSP,FODSP, + +First article is recent, but its charts are a year or two old. + +EDIT Got a warning message that this appears political in nature and maybe not right for this Sub...sheesh. What could be more bipartisan than debt!! +What are some safe options? Robo advisor? Crypto? Index funds? I really have no idea about any of this stuff so any suggestions or help would be great. + +Also I'd like some passive income. Is there a way I could make a couple of hundred bucks a month using this money somehow? +I am wanting to move to Sweden later this year or early next year and I need advice. + +I'm not worried about accommodation, that is something I can sort out. What I am worried about is getting work, visas (I'm from New Zealand as you could very easily tell by looking at my post and comment history) and just being able to stay in the country instead of having to constantly pingpong between the two countries. + +Some background about me; I'm young, I have a certificate in mechanical engineering (not bachelors or any sort of degree, just a certificate) and I can get a British passport. I currently only speak English but would want to learn Swedish as well. + +Are there any particular ares, websites, companies, etc I should look at for getting work? + + +Also just some general tips, tricks, or advice for moving countries and getting work and settled in would be helpful. If anyone knows what sorta pay I should expect to be getting in different fields and job types that would be helpful + + +This post is sorta all over the place, sorry about that +Thanks in advance for everything. + Hey guys. + +Im from europe and decided to go for a s&p 500. + +Invesco - A1CYW7 + +\- TER 0,05% + +\- TD -0,26% + +\- Ireland + +Pros: Low TER , synthethic + +Cons: it is a premium etf and it costs me 1 euro per month + +Vanguard - A2PFN2 + +\- TER 0,07%, + +\- -0,29% + +\- Ireland + +Pros: Low TER, free of any monthly charges + +Cons: not sure if the synthethic performs better + +I can also get the iShares S&P 500 Swap as physical or synthetic but it also costs 1 euro per month. + +Can u give me advice on either choosing one of those 3 ETFs? A lot of people say synthethic gives better performance due to tax optimization but is it worth the risk? Or is almost riskfree? + +I like the vanguard it is free and i dont have to break my head about it because it is physical. + +I would love any input of you guys. +Hi all, +I'm hoping to start investing soon, and have been reading a lot... + + +One thing I've come across a few times and still haven't completely convinced myself about is rebalancing (I take it this somewhat common). On the face of it, it seems weird to sell your well-performing investments to buy poorly performing investments, but I also get that this isn't how it should be looked at, but rather as ensuring that you always buy low and sell high. I bounce back and forth between thinking I understand this, and thinking I don't... + + +Does anyone have a handy-dandy article/graph that shows the effects of rebalancing vs not rebalancing over the long term (ie. through multiple market cycles), or the effects of rebalancing at quicker vs slower intervals. +Hello all from the snowy Netherlands! + +Currently residing and working in the Netherlands, 27 years old, starting my investment possibly with the following portfolio. + +&#x200B; + +1. 77% Vanguard Global Stock Index Fund, tracks MSCI World Index (IE00BFPM9N11) +2. 13% Vanguard Emerging Markets Stock Index Fund, tracks MSCI EM Index (IE00BFPM9J74) +3. 10% of either the Vanguard Euro Government Bond Index Fund (IE00BFPM9W02) or of the Vanguard Global Bond Index Fund (IE00BGCZ0B53) + +So from my 90% allocation in stocks I have 86% on DM and 14% on EM, do you think this is a proper allocation, considering the total world market cap? + +Also for the 10% Bond part would you go for the Eurozone Government-only fund or the the Global Aggregate Euro-Hedged fund? I know that bonds are not performing well now but I believe in the very long run interests rate will increase and the funds will rebalance with better yielding bonds so the YTM will increase as well. Also I would like to be safe with 10% bonds for security and not for return. + +Thanks for your time! +Dear all, + +&#x200B; + +I want to buy an apartment to live in it for the following years. I'm looking at apartments of 2 bedrooms and an inside parking. I'm divorced , 30 years old, without kids, stable situation (government employed). So I'm planning to live in it for a few years, if I meet a special one with whom I want to live with, I want to be able to live in the apartment if needed before eventually moving into a house and so renting the apartment. + +&#x200B; + +The situation is that I have a budget of about maybe 300k, costs included. I started to look at apartments of used apartments costing about 230-250k EUR. With costs I'd be around 255-275k. The less the cost of the apartment, the more there is to do inside (about 20-30k work), but the buildings are always between 1970-1985 usually so there might be costs of works for the roof and so on in the following years and maybe new regulations down the line with climate change regulations which will add to costs in the long term. + +&#x200B; + +Then, I started to look at new constructions, which now are always passive or almost passive constructions (almost no warming bill), 10 years obligated warranty, no renovations cost whatsoever. + +It costs obviously more. I find apartments between 220-260k and I have to add 21% VAT, so about 265-315 depending on situation and garage. + +&#x200B; + +So the situation is that I'm hesitating between the two, if I can afford it, wouldn't it be better to buy a new construction, costing about 30 to 40k more, but having no costs in the following 20+ years, no risks of new regulations/taxes for "not well isolated buildings". Lower warming bill too and possibly higher rent if I rent it later. + +&#x200B; + +Thanks in advance for your insight, +Hello, + +I currently work for one employer in Poland and would like to continue to work for them, but I've since decided to move to Finland. + +I currently receive my Polish income through a intermediary and only pay around 8.5% income tax. I asked them how the move would affect my tax situation going forward and they've told me that non-resident tax in Poland would increase to 20% if I moved to Finland and kept invoicing through their company. + +I have two choices 1) continue to invoice through Polish intermediary and pay 20% tax and then in addition deal with double taxation issue in Finland or 2) invoice directly from Finland and pay all taxes there (I am going to assume they will be more than 20% and that I will be able to avoid YEL contributions on this income). + +I've found the double taxation agreement and pasted the part related to income from employment. I am wondering if anyone here can help me to interpret the meaning of this legalese or has any general advice for me. + +Appreciate any help, thank you. + +##### Income from employment + +1. Subject to the provisions of Articles 15, 17 and 18, salaries, wages and other similar remuneration derived by a resident of a Contracting State in respect of an employment shall be taxable only in that State unless the employment is exercised in the other Contracting State. If the employment is so exercised, such remuneration as is derived therefrom may be taxed in that other State. + +2. Notwithstanding the provisions of paragraph 1, remuneration derived by a resident of a Contracting State in respect of an employment exercised in the other Contracting State shall be taxable only in the first mentioned State if: + +a) the recipient is present in the other State for a period or periods not exceeding in the aggregate 183 days within any twelve month period commencing or ending in the calendar year concerned, and + +b) the remuneration is paid by, or on behalf of, an employer who is not a resident of the other State, and + +c) the remuneration is not borne by a permanent establishment which the employer has in the other State, and + +d) the employment is not a case of hiring out of labour. + +3. Notwithstanding the preceding provisions of this Article, remuneration derived in respect of an employment exercised aboard a ship or aircraft operated in international traffic by an enterprise of a Contracting State, may be taxed in that State. + +source: [https://www.finlex.fi/en/sopimukset/verosopimusteksti/2010/20100021#itc20100021Art14](https://www.finlex.fi/en/sopimukset/verosopimusteksti/2010/20100021#itc20100021Art14) +I was wondering where I should place my money for growth in the medium term (not retirement, I have a pension set up with the job) + +I have a lump sum of money I wouldn't mind putting away for the purpose of letting it grow and dipping into it in a few years if needed. I've talked to a financial advisor from BOI and their saving accounts didn't look great, I'm not even sure any of them bet inflation. And I believe they all had a massive exit tax on profit. + +An alternative was dumping it into ETFs but same issue with exit tax here. + +So what is the best thing to do here? + +&#x200B; + +Side question, I have a standing order with my credit union, I heard the only reason to do this is to show a paper trail of saving so loans will be easier? +My understanding is that one of the factors mitigating fast and large slides and explosions in the general market and specific stocks has been the costs associated with performing transactions. Now that there are apps that charge no fees for transactions, like Robinhood, does this mean the overall investor base will have more of an incentive to pull its money out when a stock/the market starts sliding and more of an incentive to move its money around it sees a position (that it doesn’t already own) starting to go up? + +Are these effects negligible, am I thinking about it the wrong way, or is this actually something to worry about? +[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/) + +# 🚨 [Splividend Distribution Megathread](https://www.reddit.com/r/Superstonk/comments/w523nf/splividend_distribution_megathread/) + +>We absolutely understand the excitement but **we are removing "I got my shares posts" in order to make room for news/glitches/broker problems.** We are all extremely excited and don't blame you for wanting to post but at this point this is basically mass shared content. + +# 🥢 [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. + +# 🙋 ​[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! + +# 🏴‍☠️ [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/) +Guten Tag to this global band of Apes! 👋🦍 + +Each new day seems to bring even more confirmation that the Institutional Shorts remain fuk, does it not? +The explosive upward breakout of GME, resulting in a halt, shows me that they are losing control. +It happened to coincide with a similar halt on BBBY, which obviously is getting a lot of attention these days because of the apparent short squeeze happening there. +While these two companies are completely unrelated, the main similarity is that the SHFs placed huge bets on their ability to short them into oblivion and profit off their demise, and Ryan Cohen has been involved in helping the companies rebound into companies that will never be destroyed by such tactics. + +There is zero doubt in my mind that there are some efforts to get Apes to abandon GME to FOMO into BBBY. +It could be that there are some institutions that are only short on one and not the other, and it would be incredibly helpful to get Apes to jump. +It could be that they are hoping to somehow rug-pull this run-up, and are hoping to burn the Apes who have so far been resistant to selling their GME. +Whatever the reason for the FUD, take a moment to look back at your list and decide whether any of your established criteria to sell a share are satisfied. + +I can tell you, mine have certainly not. + +I am traveling this week and do not know if I'll be able to reliably post. +While many days I should be able, I will try to arrange coverage for days when I will not. +Thank you for understanding! + +Today is Wednesday, August 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$42.29 / 41,74 €** *(volume: 10267)* +- 🟩 115 minutes in: $42.36 / 41,81 € *(volume: 9854)* +- 🟩 110 minutes in: $42.29 / 41,74 € *(volume: 9754)* +- 🟥 105 minutes in: $42.19 / 41,65 € *(volume: 9448)* +- 🟩 100 minutes in: $42.29 / 41,74 € *(volume: 9142)* +- 🟩 95 minutes in: $42.26 / 41,72 € *(volume: 9135)* +- 🟥 90 minutes in: $42.16 / 41,62 € *(volume: 7610)* +- 🟥 85 minutes in: $42.16 / 41,62 € *(volume: 7249)* +- 🟩 80 minutes in: $42.16 / 41,62 € *(volume: 6980)* +- 🟥 75 minutes in: $42.09 / 41,55 € *(volume: 6851)* +- 🟥 70 minutes in: $42.27 / 41,72 € *(volume: 6337)* +- 🟥 65 minutes in: $42.58 / 42,03 € *(volume: 5933)* +- ⬜ 60 minutes in: $42.76 / 42,21 € *(volume: 5681)* +- 🟩 55 minutes in: $42.76 / 42,21 € *(volume: 5640)* +- 🟩 50 minutes in: $42.76 / 42,20 € *(volume: 5636)* +- 🟩 45 minutes in: $42.64 / 42,09 € *(volume: 5544)* +- 🟥 40 minutes in: $42.62 / 42,07 € *(volume: 5455)* +- 🟥 35 minutes in: $42.64 / 42,09 € *(volume: 5448)* +- 🟩 30 minutes in: $43.03 / 42,47 € *(volume: 3810)* +- 🟩 25 minutes in: $43.02 / 42,47 € *(volume: 3657)* +- 🟩 20 minutes in: $43.02 / 42,46 € *(volume: 3577)* +- 🟩 15 minutes in: $43.01 / 42,45 € *(volume: 3452)* +- 🟥 10 minutes in: $42.83 / 42,28 € *(volume: 1817)* +- 🟥 5 minutes in: $42.84 / 42,29 € *(volume: 1519)* +- 🟩 0 minutes in: $42.85 / 42,30 € *(volume: 1080)* +- 🟩 US close price: $42.19 / 41,64 € *($43.09 / 42,53 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0131. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Saw a lot of people concerned about YES Bank on here so thought I'd post something I knew a bit about. + +Last week a news article came out about YES Bank taking over the project of Radius Developers & Sumer Group on SV Road in Santa Cruz, Mumbai cuz the developer had defaulted on a loan of 450Cr. + +Let me tell you, that's just the tip of the iceberg. Radius is relatively a new developer in Mumbai. Born out of the Wadhwa Group they started operations around 2015. Instead of quietly and conservatively building up a portfolio of projects the owner (Sanjay Chhabria, who'd worked at Wadhwa for more than a decade and had a lot of industry contacts), recklessly signed up JVs on lot of projects which his balance sheet could in no way support. + +The major issue is this, in some projects, the financial model on which the project was taken up is only flawed. Basically Radius is never gonna turn a profit on some of the projects they've taken up. Yet somehow banks have compromised on their underwriting standards and lent him more than Rs. 10,000Cr simply cuz he had a relationship with many of them since his Wadhwa days. And yes, he's very close to Rana Kapoor of YES Bank. + +From what I've heard, the company operates like a VC funded tech startup (which obv can never work in real estate development) with ridiculous number of people on payroll, high salaries and other reckless spending and have nothing to show for it and MAINLY, dependency on refinancing debt which is nigh on impossible in this market where prices haven't appreciated and there's a liquidity squeeze. + +They've only delivered a single project yet which is of a relatively smaller size. Most of the projects that they launched don't have a lot of construction progress. There are rumors of Sanjay Chhabria siphoning off bank funds meant for construction into his shell companies and personal accounts a la HDIL. + +All the projects are loaded up with a tonne of debt. HDFC has lent 600Cr to them on the BKC project where there's still decent construction progress. But also on their Chembur SRA project which has had huge issues of approach roads being blocked by a masjid which led to massive delays etc etc. They started construction on a big project in Mazgaon but somehow ran out of funds just after excavation. + +So I'd keep an eye on the banks with a lot of exposure to this developer (YES Bank is gonna see a lot more pain imo) as all this dirt hasn't come out yet mainly cuz the banks aren't reporting it or the payments haven't come due. +I'm wondering how you get to recieve the yield on the bonds? It is through dividend yes, but if you recieve that monthly do you get 1/12 of the total yield of the 1 year treasury 12 times? + +If I buy a 1 year bond etf at 3% yield do I get that 3% indefinitely or is it for one year, then it resets? Or does my yield change on the bond yield at that time, no matter what price I purchased at? + +What is expense and expense ratio? + +Bond etfs are usually a basket of bonds with a set range of dates e.g. 0-1year, 0-6months so how do I determine what the yield for that basket will be, there is no given dividend yield, so how do I determine the yield? + +Many thanks +So I found out my grandparents purchased 8 shares of Disney stock for me in 1992 and 16 shares in 1998 and then completely forgot about them. They were put in my parents name. We found the actual stock certificates after going through some old boxes. Apparently in 2016 the state I live in (Virginia) sold the stock as there are some laws that say(I'm terribly paraphrasing as I don't understand this at all) if nothing was done with the stock and it was deemed inactive, ownership of the stock is given to the state of the last known residence of the original owner. We called the state office and they told us to fill out a bunch of paperwork and submit it to the state to see what can be done about recouping some of the funds from the sale. + +Sorry if this is not the right place for this post or if it doesn't make sense lol I'm just trying to find some answers. Some friends of mine mentioned that with the Disney stock splits back in the 90s those 24 shares could have turned into a decent amount of cash. I appreciate any insight you all could provide! + +Edit: I'm looking at them now. The 8 shares bought in 1992 were purchased in December of that year so post split and the 16 shares purchased in 1998 were purchased on July 9th of that year. So would that mean the 8 from 1992 would have turned into 24 in 1998 and the 16 bought in 1998 look like they missed the split by like 3 weeks (lol god dammit) for a total of 40 shares in 2016 when the state sold them? +Good Morning! + +I don't actually know what to expect from today there is a lot going on in the overall market. + +* Russia posturing on the border of Ukraine +* Emergency meeting of the FED at 11:30am today +* Energy crisis in the EU +* Unaddressed inflation here + +With claims from the government that intelligence was intercepted regarding a planned invasion of Ukraine this Wednesday the 16th [reported](https://www.dailymail.co.uk/news/article-10503627/Foreign-Office-tells-Britons-Ukraine-commercial-means-available.html) + +But no confirmation of that intelligence yet by the US. + +We are kind of in the dark with what will happen here over the coming days/weeks. + +From a technical perspective the market looks weak, but a lot of this could depend on the FEDs decision to move forward or not with the currently planned rate increases. + +[SPY weekly chart showing a rejection of it's upper trend and a bearish cross on the MACD. DMI +\/- Indicates a negative trend picking up strength and RSI is rapidly moving toward oversold. ](https://preview.redd.it/5tmfnalhysh81.png?width=1571&format=png&auto=webp&s=1654b96aad2f00f4bb05e11e6a913d0bd2fedd3d) + +However GameStop has so far resisted the downtrend in the market over the last couple days significantly outpacing the drop in the market and actually closing positive Thursday and Friday last week, showing signs of negative beta for the first time in awhile. + +[GME holding strong against the drop in the overall market](https://preview.redd.it/rqtk8744zsh81.png?width=1569&format=png&auto=webp&s=2106bfca2f21719cfba607f69f9db53a0885f13f) + +The VIX or volatility index continues to remain high as well. The VIX is considerably over-short and also primed for a squeeze. Closing above 25 on Friday was a big deal. + +[VIX sitting at 29 right now.](https://preview.redd.it/1ms3ilpfzsh81.png?width=1817&format=png&auto=webp&s=2e07dcd87aa2b677d9f198e241c3de6656ebd9a7) + +With a fair amount of ETF FTDs and an unknown quantity of FTDs due from the 1/6/22 exercise of 4.2m shares of negative delta due today hopefully we can continue to resist these market wide trends into this week as we move into the OPEX date on the 18th. + +However people should be warned and prepared. Some of these events could lead to destabilization in the overall market and GME could see a significant hit to the price improvement it has seen over the last couple weeks if the market begins a steep correction. + +**Gamma Girl...** + +waiting on an update + +**DIX pics** + +https://preview.redd.it/ldt2fn7m0th81.png?width=2469&format=png&auto=webp&s=794e9d1dc33a9b6f217bb3870773f885b1f6085c + +https://preview.redd.it/h4ewb8cr0th81.png?width=2467&format=png&auto=webp&s=633bb5d2e4cdca0826d67c3e264491f7da93bbb6 + +There was some evidence of exercise of a fair number of calls in GME's options chain last Friday with decreasing OI seen across several ITM strikes. This could lead to some positive gamma exposure over the next T+2 days as well. + +Seen here with the large step up in naïve GEX moving into today. + +https://preview.redd.it/n4m2j0f41th81.png?width=2480&format=png&auto=webp&s=a784b2c7a144a080c99908e94f324d46208f7cb9 + +**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 Hours + +As of this update still no word from the FED closed door meeting today. We did get an updated 13g available on GME investor relations pages that indicates Susquehanna has exited a small amount of their GME position reducing their holdings to below 5% of shares outstanding. We also saw a fairly significant amount of dark pool volume on GME today touching 60% of the volume traded. With GEX exposure for Friday's expiration coming due tomorrow we could have some buy pressure, provided the FED news is not bearish for the overall market. Thank you for tuning in, I'll see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/d2ihg98s5vh81.png?width=704&format=png&auto=webp&s=d5ed44d8e49d7321c5c7df49bc9c1479f7e8dff0 + +https://preview.redd.it/p5xos5vx5vh81.png?width=2082&format=png&auto=webp&s=940eedc64b4868b15ae56977c66b726af0eb6a9a + +Edit 3 3:08 + +Same shit going on still no news from the fed meeting, some interesting options flow on GME showing large institutional interest in 170-180 Feb 18/25 calls. + +https://preview.redd.it/y8yq5huhvuh81.png?width=1572&format=png&auto=webp&s=b8bc360b8d4261c4c86f3dd931f33bc451968cbf + +https://preview.redd.it/n9ozwh1jvuh81.png?width=1435&format=png&auto=webp&s=56648eb62f051b1a0b7b5faea1c187eebc1659be + +Edit 2 12:25 + +Flat, the whole market is waiting on news from the FED meeting. + +https://preview.redd.it/q6jvuqzf2uh81.png?width=1567&format=png&auto=webp&s=4e9d46ba34ceeaaacf716bb5d45f203d1d61d4ed + +Edit 1 10:15 + +Tracking the market for now, about 500k volume. Our downside doesn't seem to have the same momentum as the overall market which is good. + +https://preview.redd.it/uea1d1qbfth81.png?width=1579&format=png&auto=webp&s=a972902f2485962d8cbdbe45d4a19abb854af1fe + +# Pre-market Analysis + +GME took a hit at pre-market open along with the major indices and like them has regained most of that ground already. We are still trading down about 1% currently. + +Volume: 24.91k + +Max Pain: 122 + +Shares to Borrow: + +IBKR - 400,000 @ 2.1% + +Fidelity - 72,002 @ 1.5% + +[GME pre-market on the 1m](https://preview.redd.it/qp9an3pa2th81.png?width=1568&format=png&auto=webp&s=bccaf6cb1f52a9ab49d2a9e6f6f6082e2dcae549) + +TTM Squeeze + +[Showing a flip to the upside ](https://preview.redd.it/2sb8e1qe2th81.png?width=2457&format=png&auto=webp&s=9de90a40198086aa68655c1de5894739eb76ea3c) + +CV\_VWAP + +https://preview.redd.it/frdvbosr2th81.png?width=2455&format=png&auto=webp&s=2ba38dda13911f6efd42fb80f16dbb6e707c880a + +**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.* +Every time, and I mean EVERY SINGLE TIME, I buy a well-researched, "safe" stock that is by all objective standards a "buy" because it has the fundamentals, good press, is undersold and has been trading sideways suggesting it has bottomed, the stock suddenly starts to trend downward...for as long as I hold it. EVERY SINGLE TIME I sell the stock, it rises to the point where I could have recouped all my losses the very next day. Convince me my trading platform isn't directly or indirectly adversely using my activity against me and that the US market isn't rigged! Explain how something like this could happen without corruption and racketeering. Thanks in advance to anyone who can shed some light on this phenomenon for me! +I left a job over a year ago and completely forgot about my 401k ( keep in mind it only has about 4 thousand in it not a lot ) So today I called and with drew it. I figured it’s only 4k ( I will lay the penalty fee only $400 when my taxes are due , I don’t pay state tax my state doesn’t have them. And federal was only $700 ) and i dumb for doing this? Does the penelty fee only apply to the 4k or to my entire income? +&#x200B; + +[Good times.](https://preview.redd.it/jbpecc3dqys61.jpg?width=1170&format=pjpg&auto=webp&s=f8d493f7ab05aa6d1bfde3454dfb7b4af2065129) + +We all know what happened after this tweet, many of us have been HingODL since around this date. Good Ape. Buy and Hold. Don't day trade. Tell your mom you love her. + +I'm not an advisor, I make tin foil hats for a living. + +*(This is when you should put yours on btw)* + +&#x200B; + +By now we've all seen RC's tweet last night approximately 2,481 times. I will not make it 2,482. + +And we all know the bullish undertones: literal diamond hands, bags, Tuesday Morning next door, etc. Bullish as fuck before, bullish as fuck after. Either way I was gonna buy more. + +But why would RC want people to know he was in Culver City, CA? He seemingly could have left that detail out and accomplished the same thing. + +# UNLESS + +&#x200B; + +[Credit: Google. Decent company apparently.](https://preview.redd.it/c61lfvxtsys61.jpg?width=701&format=pjpg&auto=webp&s=b6988c19df2f11a4b2722ef4d4a9ffb547259c29) + +Culver City CA is a hop, skip and a jump from Hawthorne CA. + +*"But OPeeeeeeeeeee (whining voice) what's so important about Hawthorne, CA?"* + +Calm your titties, young one. Hawthorne just happens to be home base for Elon's jet. And guess who flew there (hop, skip and a jump away from Culver City) on Friday, April 9th? + +[Yes, his jet has its own Twitter handle. Almost worse then the people who make an account for their pets...](https://preview.redd.it/7uqfpow0uys61.jpg?width=860&format=pjpg&auto=webp&s=a0eb1244a2528e299046a92018d057c884fc727d) + +And guess who made a cryptic tweet the next day, Saturday April 10th? + +&#x200B; + +&#x200B; + +[Oh daddy, give it to me...](https://preview.redd.it/bkm6czjtuys61.jpg?width=1170&format=pjpg&auto=webp&s=6b0eaf7678a8782fe5b4aefe4d75a0d21ca9e514) + +&#x200B; + +And if your tin foil hat hasn't fallen off yet from the slickness of your smooth brain, guess who is the **only human being** Papa Cohen follows on Twitter? + +&#x200B; + +[You guessed it: Steam!!!!!!!](https://preview.redd.it/i0yvd4a9vys61.jpg?width=754&format=pjpg&auto=webp&s=2aafc0e23f32d442457d654605bbb0476f90ba43) + +No not Steam ya imbecile, that would be Elon Musk. + +And oh yeah, Tesla is **suuuuper interested** in gaming for their cars. + +&#x200B; + +[Somebody should let Tesla know that half of their steering wheel has been stolen...](https://preview.redd.it/mtqhiaeqvys61.jpg?width=756&format=pjpg&auto=webp&s=3a28a88f39c0d9b848a46d2c39dab3585c755b44) + +So if you're a gangster like Elon, who would I want to talk with about this..... + +Hmmmmmmmmmmmmmmmmmmmmmmmm... + +Perhaps the guy that **beat Amazon** with Chewy? Perhaps the guy that is transforming GameStop into a **powerhouse** as we speak and as I write this shitty post? Perhaps the current chairman (& future CEO please) of said GameStop? + +They need to make room in this bitch immediately: + +&#x200B; + +[Papa Cohen COMING IN HOT](https://preview.redd.it/bfd5iq0nwys61.jpg?width=887&format=pjpg&auto=webp&s=4beb451221f24e648fc4f0e77c21c0f0fa76ad97) + +# +I have a 620 credit score and I'd like for it to go up 100 points in the next year to year and half so I can get a mortgage. If I get a credit card and use it and pay the bills off right away does that make my score go up? +This is a warning after just being a witness to an uninsured loved one nearly die due to fear of medical bill's. Your life is worth more than the future bill. Please go seek care now if you any potentially life threatening symptoms. If you have something that could be potentially serious then get your ass to the ER now. They are legally required to treat you until you are stabilized if its serious, just try to go public versus private hospitals. Just search and go until you get checked out. I just left the hospital ICU after visiting an uninsured friend who was admitted the other day. She had a swollen leg for a few days and didn't go to ER until her family member who is a nurse told her to go to the ER asap based on symptoms she described. If she waited any longer she would be dead! She had a big blood clot in her leg that spread near her lung and heart. Stints were put in last night. If she had waited even less than a day she would've fucking died. Fuck the financial worries and fuck our healthcare system. I just FB'd live with her so she could talk to her baby before having another procedure done. If she hadn't gone I would have been holding a motherless baby at that moment. How fucked up is our healthcare that it nearly kills people b/c they won't go due to fear of costs b/c they know they may get care but will be screwed over once the Bill's come due. Sorry but I am still in a rage over how this could've turned out. I've always hated this system but I've always had jobs with insurance. I never thought I'd be in the middle of a nightmare that I've read uninsured go through. Worry right now about your life, everything else can be worried about while your still alive to deal with it. +So I have  around $2500 to invest because it is the amount, I am willing to start with, and I need your help choosing an investment strategy. + + +Perhaps it's not the best idea to ask a group of strangers, but I suppose some of you made a cryptocurrency investment. Nobody I know has, so this is the best I can do. + + +Of course, I have some ideas of my own, but I'd prefer to hear your thoughts first. The first one is to invest in ETH the price now is very low, as low as it is going to get hopefully, and if it reaches that predicted 10 000 mark, I will have made a seriously good investment. + + +The second idea is to invest in cryptocurrency projects that target specific industries, such as space tech, telecommunications, or energy (WePower, World Mobile Token, Space Chain), as opposed to just individual coins, which in my opinion at the very least have no coverage and may at any time lose value. At least, there is an idea that might work behind these (supposedly) successful ones (or not). + + +Because I know what happened to Terra, I wouldn't invest in stablecoins or if my life was at stake. + + +What do you think of my proposals?  +What would you do if you were in my shoes, are they any good, and where would you put your money? +Ever since i started learning about trading for about three months already. + +there's so many YouTube channels that aren't genuine and only want to grow their channel. instead of actually teaching. + +&#x200B; + +is there a list of Genuine YouTube channels that actually teach real knowledge. + +stocks, options, or forex. + +Edit: books are helpful too. Was going to read naked forex +But looking for subs i see it’s not as useful. +Every morning I do the same routine + +Pull up big % gainers and most discussed/active stocks + +Check to see if their is range/volatile and volume. + +See if there’s a catalyst: I.E: news, pump, sector momo, etc.. + +Draw my technicals on each chart + +Devise a plan for each about an hour out from open + +30 mins from open I eliminate the ones that are not looking like “Easy” plays and set alerts for them so I don’t forget about it + +I then focus on on the top 1-6 easy plays only and have my plans written out. Entry, exit, and what I want to see and where I am wrong so I can GTFO. + +Hope this helps. +People don't see the full idea behind Michael Burry's TSLA short. Every single article is about how he tweeted at papa Musk and how he thinks that the company is the worst thing since he dropped his glass eye into his cat's litter box. + +He doesn't think that Tesla will implode. He doesn't think it's a failing company. He just sees the reality, which is that all of their profits/revenues are way in the future. + +Let's just say you win a time-delayed lottery and get $1,000,000 in 15 years. Not bad! Now let's say you won the same lottery in Venezuela in 2005. It's not even worth cashing the ticket. + +It's the same deal with companies. Growth companies, however promising, have most of their expected profits in the future. Those profits have to be discounted by the **interest rate** to be turned into todays dollars. In other words, it doesn't matter how much money Tesla is going to make in the future if interest rates surge today. Well... it does matter... it's just worth a lot less. + +So how does this relate to the Burry bet? You just have to scroll down a few lines on his 13F filing. + +Burry has almost as many GOOG/FB calls as he does TSLA puts. Around \~$330MM of them. Why does this matter? These are big tech companies that are actually printing out metric shit-tons of profit today. + +Interest rates stay the same but big tech goes up? Break even. Big tech goes down? Break even. Interest rates rise? Burry makes more money in a year than all of your wives boyfriends combined. + +TL;DR: + +The Burry TSLA short isn't a bet against Tesla, it's a bet on interest rates rising (AKA inflation). +Hey guys. + +Recently turned 34 and decided that I am tired of paying high mutual fund fees for little return compared to the amount I have. + +Decided I want to take matters into my ow hands and got into stocks and etfs.( I have already doubled my %%% in 5 weeks with just a few etfs and stocks compared to 3 years of mutual funds) + +I currently own a condo and I put 10% of my paycheck towards a retirement plan with my company. Hopefully this helps you understand my financial situation. +Mind you that money I just pulled out of my mutual funds were savings that I hope to increase by the time I turn 40 and then take half and move it into safer etfs. + +I like to diversify so I am thinkint the following etfs and wanted your insight if this is good for the next 2-5 years or even longer if that market keeps doing well. + +Thinking of getting +ArkG and Arkf ( in Woods we trust) +However I am thinking of maybe getting OGIG instead of arkf. Fees are a bit less ( 0.45 vs 0.75) +And even maybe IPO( 0.60 mer), they have mostly different holdings but overall are a tad similar and all have had great return. +Thoughts? + +Thinking of getting + +BETZ( online gambling, just started in summer but have had a good return so far. Fees are like arkk but if the return keeps up. No complaints) + +Thinking of getting +Hero( e gaming, gaming etc... this market will always keep going up in my opinion) + + +I have QCLN ( for renewable energy) but I am thinking of switching to ICLN for longer term. Return is about the same but ICLN is cheaper. + +I have CARS. ( why chase the ev car market and bateries when I can have someone do it for me) + +My opinion is these ETFs that I have or want to have will allow me to diversify in different sectors that I believe will continue to grow at least for the next 2-5 years. + +I also have a few stocks some are for swing trades and others are long term hold ( nndm, pltr. Gevo. Elys. Insg. BFT, Food and XBC) +However that is maybe 10-15% of my portfolio and I want to put the rest in etfs for a long term 2-5 years hold) + +So what do you guys ? + +Thank you +Was thinking of DCAing into a 1-2% allocation of TQQQ over a 1 year timeframe to hold for 1-5 year timeframe possibly longer depending on the market. Any thoughts on TQQQ or my strategy of getting some leverage exposure to QQQ through a DCA strategy? I know TQQQ is a controversial fund so curious to hear your opinions! Thanks in advance! +I tried to research it and I got from blanket answers about holdings, UIT vs. open ended, etc. but it's still not clear to me why ETFs like QQQ (Invesco) have different performance from ONEQ (Fidelity). I've not seen this with mutual funds tracking the same index from different companies (i.e., FXAIX vs. TIAA-CREF's S&P 500 index fund). Thanks! +FINVIZ.COM is a great site to do your DD research (What Others??) + +A website that I have found to be an invaluable FREE tool for doing DD is finviz.com + +It contains Tons of information on individual stocks and has the best free screener I have found on the web. +I use this and Yahoo Finance + +Does anyone have another good stock screener? +Also, What other Free sites do you guys use? +Please Help!!! + +Thanks +So I’ve recently been seeing a lot of rate my portfolio posts and I see a lot of criticism on overlap with emphasis on diversity. + +If you’re young and aggressive is it fine to have overlap in high growth cap stocks within multiple etfs? I get like having VOO and SPY is redundant, but if you add ARK funds and maybe Tech heavy ETFs isn’t that just increasing your risk but also increasing your reward? + +Idk I’m just slightly confused on how overlap is so criticized for you want to have focus on one sector. +Hi everyone, + +I've currently started investing money into VWCE (an all-world ETF from Vanguard) on a monthly basis, but I was wondering if any of you had considered investing money into a small-cap ETF as well. + +I'm thinking I could do 80% VWCE (ISIN: **IE00BK5BQT80**) and 20% Small-cap ETF IUSN (like **IE00BF4RFH31**). What are your thoughts on this? +I know this is a stupid question but is an etf like a "stock" itself in that it had it's own separate valuation, or does it's price adjust automatically with the stocks in it's holdings. Ie. if i have an etf that has 50% stock A and 50% stock B, and stock A goes up by 10% and stock B by 5%, does the etf go up by 7.5%? Or is it only valued based on what people trade the etf for? If the latter is the case how is the etf tied to the stocks it represents? +[This is a potential portfolio.. just trying to lock down the right mix for my goals] + +Age : 28 + +Risk Tolerance : Above Average + +Income : Stable + +Short term goals in order of priority : +1. Targeting higher growth from my portfolio since I have a stable income (for now) +2. Have some stability in case the stock market goes south +3. Start dividend investing journey + +VTI - 31% (Vision: Stability and Growth) + +SCHD - 31% (Vision: Growth and Dividends) + +VXUS - 13% (Vision: Stability and Growth) + +VWO - 13% (Vision: Growth) + +VCSH - 6% (Vision: Stability) + +VCLT - 6% (Vision: Stability) + +Also planning to reinvest all dividends plus steady investment in a similar mix after paying off bills, etc. each month. +Hey community. I just opened a custodial account for my granddaughter who is almost 16 years old. I asked her if she wanted to do this sort of thing in lieu of regular gifts and she said she did. So I will start depositing money there for her Birthday, Christmas, etc. So I'm looking for ETF ideas that won't have high share costs because TD doesn't allow for fractional shares. Also I'm looking for something with growth potential. I think the best way to encourage her to get into investing if she can watch the funds grow. Or possibly I'm off base and should just stick with some individual stocks. What do you think? + +Side note...she has no earned income yet, so an IRA is not an option, but as soon as she is eligible, we will open one for her. It is also very unlikely that she will attend college. So this will be strictly for a brokerage account. +After making the decision to sell my truck for a small hybrid car I was able to walk away with roughly 7k extra and with the money I’ll be saving on gas (went from an estimated 800 a month down to around 300 just going to and from work) I would like to invest in more dividend paying stocks. I have small positions in ORC and QYLD but I would like to hear about other stocks that pay monthly or maybe suggestions/advice. My goal is growth and eventually use some of the payouts for personal use. Thanks in advance. +&#x200B; + +https://preview.redd.it/dpu1id4r3im71.png?width=678&format=png&auto=webp&s=6831e91c3b1e0ec162aa0b0bab17eefcc4f8ec42 + +Hello Apes & Apettes, + +&#x200B; + +I understand the last 2 weeks have been filled with a lot of anticipation, and let's face it, not a lot happened. I'm a firm believer that the previous spikes/price movements that occurred earlier in the year have been a function of settling the rollover window of quarterly futures contracts. + +Now I think I have the why we didn't see the same price action during this window, and my hypothesis will go into depth on that. As usual, nothing here is financial advice, and my hypothesis could be wrong. The great thing about the scientific method is that it should eventually reach the truth. I am not asking anyone to debunk me, but rather if I am wrong, help me get this right. + +Some of this information is from previous [posts](https://www.reddit.com/r/Superstonk/comments/pdahbt/cmes_equity_total_return_swaps_counterparties_may/) of mine. 2 weeks ago I predicted the lack of action this window but I got downvoted to hell and was called FUD. I want to get as many eyes on this theory as possible and hopefully, help uncover the mechanics of what is going on. I also want to shout out to my buddy u/toxsic99 for helping me dig, and continue to find new stuff. + +**Hypothesis: The CME group is a counterparty to SHFs and is holding a giant bag for Memestock short positions. Additionally, the CFTC let them transfer those positions as realized losses would have significantly hurt the systematically important derivative clearinghouse.** + +A few weeks ago I stumbled upon some information regarding the Chicago Merchant Exchange Group (CME) that points to manipulation with Commodities Futures Trading Commission's (CFTC) stamp of approval. We will get to that. + +First, we need to investigate who the CME group is.... + +CME Group Inc. is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies futures. It has been designated as a Systemically Important Derivatives Clearing Organization (SIDCO). + +CME Clearing serves as the counterparty to every cleared transaction, becoming the buyer to each seller and the seller to each buyer, maintaining a matched book, and limiting the credit risk by guaranteeing the financial performance of both parties. In a bilateral system, each participant faces the concentrated, individual credit risk of the other party to the transaction. Satisfactory fulfillment of the transacted contract or agreement depends primarily on the creditworthiness and proper behavior of each individual party to each transaction. CME Clearing mitigates counterparty risk through becoming the counterparty to both sides of the transaction, while utilizing risk tools such as: the collection of a performance bond (also referred to as initial margin), daily mark-to-market cycles, and the collection of Guaranty Fund contributions, among other tools. By this mechanism, the concentrated credit risk of each transaction is transformed into a well-diversified and regulated risk supported by the financial safeguards system [Link on risk](https://www.cmegroup.com/clearing/files/financialsafeguards.pdf) + +Let's look at their performance bonds and Guaranty Funds for the past few years... [Link to quarterly reports](http://investor.cmegroup.com/sec-filings/sec-filing/10-k/0001156375-21-000020) + +[In the last few months, the Performance bonds and Guaranteed Funds have ballooned to $141 Billion Dollars. That is roughly a $104 Billion increase in 18 months. ](https://preview.redd.it/b2s895w92fm71.png?width=1029&format=png&auto=webp&s=c58d0dced2269fd7a2a51f229fb257900302e541) + +&#x200B; + +**What are performance bonds?** + +Performance bond requirements are good-faith deposits to mitigate non-financial performance on open positions, acting as an ex-ante risk-based tool to cover potential future exposures. Through CME CORE, a web-based tool, CME Clearing offers full transparency to market participants by giving them the ability to calculate and evaluate performance bond requirements for all products cleared by CME Clearing. CME Clearing permits Clearing Members to deposit performance bonds sufficient to cover their net exposures for their proprietary positions. CME Clearing calculates performance bond requirements for each customer, collecting gross performance bond for the aggregate cleared swap customer account and customer segregated account, for exchange-traded derivatives. + +&#x200B; + +https://preview.redd.it/xh09ughgjim71.png?width=299&format=png&auto=webp&s=9dfc480dc0c7ec4297bf619fb2940acbb7b633ae + +**TD/DR In the last 18 months, the value of the CME group's Performance Bonds/Gaurarentee Funds grew 381%. As these are used to mitigate risk in futures/swap contracts, it looks as 1 of 2 things have happened in the last couple of months** + +1. **Their current customers may have some increasingly risky positions, and the vast increase in these bonds/funds reflects that.** +2. **They may have had a significant increase in new customers and the increased bonds/funds are due to that** + +&#x200B; + +**Now let's look at the futures rollover window.** + +These are graphs that were previously posted that show a significant uptick in the price during rollover windows. It was predicted that we were to see another spike from August 27th until today Sept 9th. + +https://preview.redd.it/ckyczghxihm71.png?width=2206&format=png&auto=webp&s=03cbc208adfa4c4b4477f31c97cb77e8ff168463 + +https://preview.redd.it/7gsorcgwihm71.png?width=981&format=png&auto=webp&s=5625f3b9ad4f356fc11de70963d46b61bc2e9ecf + +Based on Criand's work on the futures swaps theory, it looks as if the previous price movements may be due to the settling of the change in the underlying positions of a swaps contract between SHF & the CME group (of whom Citadel is a large investor). + +In theory, those who have shorted GME heavily would have to settle the net change in the underlying position of the contract with the CME group, and they would have had to do so during these windows. If this theory is correct then this is why we have seen those large run-ups earlier this year. I speculate that a majority of the price action this year is due to this mechanism and that internalizers have basically neuralized any retail buying pressure. + +**The CFTC met with the CME group earlier this year regarding amending bankruptcy regulations.** [LINK](https://www.cftc.gov/LawRegulation/DoddFrankAct/ExternalMeetings/dfmeeting_091620_1724) + +For those who don't know the CFTC is the Commodities Futures Trading Commission is the governing body that ~~regulates~~ should be regulating swaps and futures. On paper, its mission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. They also met with members of the CME group earlier this year. + +https://preview.redd.it/ekecnutbkhm71.png?width=912&format=png&auto=webp&s=7bcd8d4607688b6c892c7d34a15bfdf3bd5f5e32 + +Now, why would the CME group want to discuss segregation and bankruptcy with the commodities futures trading commission? + +Well, I'm glad you asked! It looks like it may have been regarding the regulation of "transfer of trades and customer accounts" as the 2 connected for an amendment to those rules a couple of months later! + +**Transfer of Trades Amendment** + +On August 11th the CFTC sent a letter to Mr Chris Kirkpartrick of the CME regarding the implementation of a proposed amendment on the Transfer of Trades and Customer Accounts rules. + +This amendment discusses a new provision for a clearing member who wishes to manage the liquation and hedging of a defaulting customer. This clearing member has the contractual right to transfer the position. These amendments were effective at the beginning of the last rollover window (August 26th 2021) [LINK](https://www.cftc.gov/sites/default/files/filings/orgrules/21/08/rule081121cmedcm001.pdf) + +https://preview.redd.it/0pvdohtqjhm71.png?width=1013&format=png&auto=webp&s=45929183c5502e67fffd1492ea7f9b272e1197f3 + +What are the core principles of this amendment.... + +[ The CME is allowed to transfer the trade if the situation requires if it remedies a market disruption. Such a trade does not relieve the responsibility of the clearing member. ](https://preview.redd.it/f2zu1psrjhm71.png?width=1009&format=png&auto=webp&s=d41a34d30711d2a32f1360f4e773190df81eaf3b) + +&#x200B; + +Now if the price movement in the previous cycles were from settling the change of a futures position to the CME, if CME is now holding the positions due to the default of the counterparty it makes sense that we did not see any settling/price movement. + +**Conclusion: On the first day of the roll-over window, the CFTC adapted the rules to allow for the CME group to transfer the extremely bad meme stock short position, and to liquidate those who were to default due to it. As per the comment in the letter had they not transferred the position this SIDOC would incur significant losses. Due to margin requirements, I believe forced liquidation would have occurred and triggered the Moass. There is no such thing as coincidence here and this had to be in effect as the rollover window started. With the CME's counterparty liquidated there was no longer an obligation to settle the change in the position during the window.** + +**\*\*\*This doesn't change a thing. I for one just really like the stock. Congrats everyone on a great earnings report! All short positions eventually need to be closed. \*\*\*** + +**\*\*\*\*Also it would appear from new information that it might be possible that the deadline to roll out a futures contract could be the expiration date and not the roll date that is used on the** [**CME website**](https://www.cmegroup.com/trading/equity-index/rolldates.html)**. I still believe given the documentation above that the position was moved to delay the MOASS, but we shall see by the Sept 17th expiration date if there is any change.\*\*\*\*** + +**Cheers** + +&#x200B; + +**Discussion points** + +* If this theory is correct the short position has been moved. I believe it is fairly likely that the CME group is holding this position (who else would take it?). If this thesis is correct we may be able to see some evidence on their next quarterly report. +* To be honest there are clues that we may not see a spike in this window. The whole week after the price jumped on August 25th the MSM talked about options, and it was the only time in the entire year that they even mentioned options. It's clear that the narrative was to excite retail into buying in and sell those contracts at an inflated price. I think a lot of retail investors got burned. As a general rule I try to do the opposite of what the MSM media say, and it's done me pretty well. +* Secondly, the CFTC is suspect and to be honest, is probably a gigantic reason for this mess. The fact that they have limited reporting requirements for swaps until 2023 shows exactly whom they are protecting. Last week I filed some FOIA requests regarding the organization and will keep you all updated with what I get. +* RC if you happen to come across this why cant I buy a GME snapback on [Gamestop.ca](https://Gamestop.ca)? Come on man! +Yesterday I was sacked at work. Honestly it had been aong while coming and writing was on the wall for a while, so I had been interviewing at other firms. + +Today, I was made a job offer which I will accept and sign the contract for tomorrow. They want me to start on 1st August. + +Now, the issue is, my old place of work have been decent about it and said they'll pay me until 13 Aug but I'm not to come in - gardening leave to be honest. As things stand I'm expecting two more paycheques - 1 in July as normal and one for about half for Aug. + +Now, if I'm starting another job before my notice is up, am I still entitled to the pay from my original employer? + +I would imagine not, but hey, if double dipping is an option I'm all for it. +For all the newbies here: we all want 1000% gains, that’s what this forum’s about. But the tokens these posts talk about are almost all shit. Even if they go up, it’s temporarily. They’re built for pump & dump, and you will get rekt if you’re new in the game. + +Instead, focus on real projects with real value. I know, they’re hard to find between all shitcoin posts on this forum nowadays, but they exist! + [https://blockworksgroup.io/blog/this-is-what-caused-hertz-to-pump-890-in-two-weeks](https://blockworksgroup.io/blog/this-is-what-caused-hertz-to-pump-890-in-two-weeks) + +&#x200B; + +TL;DR - Central bank policy and an influx of bored day traders have led to some truly whacky prices in markets, including recently bankrupt Hertz stock to pump 880% +Curious how many of you picked up a few GICs? +My car’s lease is coming to an end July 2024 and I intent to purchase it back. Dumped the saved up money for the purchase into 270days GICs @ 4.25%. Decent, considering the savings account gives me 1% and that there are talks of recession/no-recession. +As someone who is new in stocks, this sub has been really interesting and a good source of information. I've read a lot of people saying you should be doing your due diligence before buying a stock, which totally makes sense. As a new investor with a sea of information, I'd like to find ways to narrow that information down to what is meaningful. + +What tips do you have for doing your due diligence? What is the best place to start and where to go from there? Any type of information to be on the lookout for? Any signs that can represent something positive and of interest? Any patterns or other things that may be automatically considered red flags? + +I've left my questions intentionally vague because I'd like to get different people's views and suggestions on this matter, I'm sure everyone has different methods for doing their due diligence. + +-------------------------------------------------------------------------------------------- +Edit: Thank you for everyone's response, this has truly been enlightening! I knew there was a lot of stuff I didn't understand or know about, but this just goes to show that there is a lot to learn. I hope this post can help others in the future who may have some questions about investing. +I have a credit card that gives me 1.5% cash back on purchases. Since I’m the primary resident in my apartment, I’m the one who pays the full balance of rent/utilities, while my roommates Venmo their share to me every month. Does paying the rent/utilities through the CC make sense for that additional cash back? It would account for about 75% of my credit utilization, but I would pay off the balance the next day to guarantee I never max it out. I understand credit scores take utilization into account but I don’t know how much it would impact my score. Current credit score is around 730 + +EDIT: a lot of you are commenting about a potential fee on the landlord side. I checked the website FAQs and it says credit cards are accepted and there is no fee + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I made a post few months ago saying I work in one of the top 10 banks in Europe and they made some new rules saying we shouldn't buy crypto and we shouldn't even talk about it on social media. + +At the beginning they said it was to avoid bad advertising for the bank, because they consider crypto a dangerous investment and if a bank employee talks about it, clients could think the bank support crypto. + +Now they updated the internal regulations for employees: **they officially forbid us to buy any crypto and we must sell all our crypto assets before the end of the year.** + +By the way, the internal regulations is confidential so I'm not allowed to say it publicly. + +Now I'm worried because I obviously won't give away my crypto, but I don't know how to avoid to get fired. + +I hope binance and crypto.com don't share their info with my bank (has anyone any news about it?), but I need also a way to keep buying crypto without using my bank account, clearly they can easily discover that I send money to exchanges from my bank account. + +Edit: +I cannot share publicly the document, however here is the translation of the part about crypto: + +**Personal transactions in financial instruments and virtual currencies** +1. Recipients are prohibited from operating on financial instruments in counterpart with customers, even through a third party. +2. Employees, non-employee Financial Advisors and Agents are also prohibited from carrying out operations and / or operating strategies with highly speculative characteristics and / or those which, due to their size or risk profile, could compromise the financial position of the person concerned, such as: +- carry out purchase and sale transactions (or vice versa) of the same currency and / or the same financial instruments on the same day; + +- carry out transactions in **virtual currencies;** +I thought it might be useful for people to see the source of these predictions for the price cap changes, rather than the usual media regurgitation, and it is here - + +[https://www.cornwall-insight.com/press/price-cap-to-remain-significantly-above-3000-a-year-until-at-least-2024/](https://www.cornwall-insight.com/press/price-cap-to-remain-significantly-above-3000-a-year-until-at-least-2024/) + +The piece from Cornwall Insight also helpfully splits apart (which the media regurgitation never does) the cost predictions for gas and electricity. + +These are £1,840.72 and £1,518.12 for Q4 2022 (i.e. October to December) for the 'average' user. + +But what is an 'average' user people say, and so I thought it might be helpful if people were aware on what the 'average' consumption is based. + +Ofgem uses a 'Typical Domestic Consumption Values' (TDCV) of 2,900kWh of electricity, and 12,000kWh of gas, and if using Economy 7 to heat then 4,200kWh of electricity at the Economy 7 rate. + +[https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april](https://www.ofgem.gov.uk/publications/price-cap-increase-ps693-april) + +The utility suppliers are relatively free in how they split the cost of energy between the standing charge and the unit cost, so there isn't a direct translation between the predicted cap and the new prices to expect in October. + +However if you looked at your annual consumption figures (this month's bill less the same bill from last year - kWh **NOT** amount paid) then you should get an idea whether your consumption is above or below the 2,900kWh of electricity and 12,000kWh of gas averages and you can therefore increase or decrease your expectation proportionality of what your annual bill might be. + +But the key takeaway from the Cornwall Insight piece is that they expect these prices to increase in 2023 and winter 2023-2024 to be the same as the coming October - it isn't going to get better any time soon. +I’m still just a kid but came to North America from VHCOL Europe to hit the target. It’s hit but I don’t feel like quitting my job just yet. Living in a big city here, I keep drooling at the cheap real estate and walkable cities back in Europe. Has anyone taken the plunge and moved back? How was it? Do you keep going back and forth or are you happy staying in Europe? + +For reference, a $3m home here is 2000 sq ft with an unfinished basement and tiny backyard in a not-so-good part of town. Back in Europe it’s a mansion by the ocean. I can keep my job, might have to adjust salary but the salary doesn’t matter too much. +# Market Price Action + +It's just a Tuesday, yet today's Market Price for 💲 **G M E** touched upon $448,950.00 per share according to a screenshot of the highest 'last' price (2 shares), at least $510.00 per share according to options triggers, $370.00 per share according to some charts, $275.00 per share according to a transactional verification, while only obtaining $200.00 per share according to nominal 'lit' exchange data. Let's analyze today's activity: + +&#x200B; + +[💲 G M E Price Action from this morning reveals outsized, acute demand for the stock - Although separate evidence suggests that $448,950.00 was obtained today per share \(2 shares\), this move triggered in-the-money notifications for what were out-of-the-money options, with investors with call options as high as $510.00 - Note that the 15-month high from pre-market on 28JAN2021 was $508.04 \(moments before the buy-button was removed that morning\), indicating that 💲 G M E is 'seeking' its free-economic-market price which may be above $508.04 or $510.00 per share](https://preview.redd.it/ifov1cwc4dq81.jpg?width=1439&format=pjpg&auto=webp&s=46735e04aa9b732a880e7eebe797625e8d097949) + +&#x200B; + +![img](gq2197to4dq81 "Further, evidence shows that there were 💲 G M E market transactions significantly above the current 'lit' price : in this case, $275.00 per share today. +Many investors are sharing screen shots of extreme prices above $510.00 in-the-money shortly before facing a downward [as opposed to an upward] limit halt") + +&#x200B; + +# Technicalities + +&#x200B; + +[ This morning, 💲 G M E experienced a \\"routine\\" volatility trading halt - The ticker ran up in the first five minutes after the open, before being brought down, in an orchestrated fashion that was likely designed to 'attempt to induce panic selling' - At 9:37:30 a.m. EST the stock was hit by a mysterious onslaught of superhigh-frequency 100-share-block-short-sells - One can observe the mass-coordinated 182.79 share sales, the next order a few pennies below this coordinated wall triggered the limit-down halt - This NYSE halt for a few minutes removed investors ability to freely invest. The fact that this same price action with exact timings took place with 💲 A M C reveals that this was an ETF-induced maneuver via the 'Meme-Stock' basket - The halt was followed by some consolidation - Contrary to the likely intent of the maneuver, 💲 G M E 'overcame' with a price recovery in less than one investing hour](https://preview.redd.it/r9cuito1wfq81.png?width=513&format=png&auto=webp&s=671c5df378cb65f70d45c1506284d9158dc9bd56) + +&#x200B; + +As displayed above, today, Hedge Funds abused their market function to purposefully and successfully *exploit* the Limit-Up-Limit-Down ([LULD](https://www.luldplan.com/)) protective-feature of the New York Stock Exchange. This created a few minute pause in investing that served to attenuate investing. The original spirit of that rule is to serve as a 9:45 am EST market halt feature that mitigates volatile and disorderly investing. There was nothing disorderly about a 7% increase in the 'lit' exchange price. But, the halt mysteriously took place earlier than it's supposed to: at 9:37 a.m. EST. In speculation of their motive and technique, by Hedge Funds assisting the 5-minute rise on the buy side (thereby dragging up the average price), they then forced the price down with high-frequency short-sales (thereby quickly triggering the 5% volatility down limit). + +💲 **G M E** investors who owned the stock through January 2021, when mainly limit-up halts were experienced multiple times per trading day, have classified this price action as '*routine*' and '*part of the game*.' Investors should be aware, however, that Hedge Fund(s) intentional manipulation of a security like this - in order to force a market halt - does constitute a gross violation of securities laws, as it is arbitrary and capricious behavior within markets, as well as abuse of the good-faith market function of a Hedge Fund. On the other hand, for the rightful investors of this company, who intend on long term company ownership, these minute-long declines could be viewed as 'acute discounts,' allowing for faster ownership of the company per dollar. This is especially so, theoretically, if the investor then utilizes those free discounts and is more readily able to remove the earned share from DTCC market 'lending' and 'locates' circulation by registering their newly-acquired-artificially-discounted shares directly with the transfer agent. + +This pause did prevent investors from being able to freely transact for a few minutes, and may have been a technique for the Hedge Fund(s) involved to not only "buy more time," but to make a quick jolt of profit. It is also possible that these funds were well aware of the timing of such a manuever, and were perhaps given a 5-minute window to make transactions before they manipulated the price downward (creating a short duration but high magnitude 'pump' and 'dump'). Similar 'short-ladder attacks' also occurred today at 2:56 p.m. EST and 3:37 p.m. EST. Performing three outsized 'short-ladder attacks' in one business day, while unable to harm the price nor adversely attenuate the natural demand for the stock, in-all-likelihood has even further substantially increased Hedge Funds' short-borrow liabilities. We would be able to observe this using tomorrow's live Ortex data. But, let's look at today's available data: + +&#x200B; + +# Short-Interest Data + +&#x200B; + +[Short-Borrows against 💲 G M E have only increased \(including from today's action\)](https://preview.redd.it/7xc6jcjv2dq81.png?width=749&format=png&auto=webp&s=04a90b8e383b80a8d99b95bfcb26fabdeae6b181) + +&#x200B; + +[With now 22.6 Million Shares on loan, and a 135.44&#37; increase in Cost to Borrow \(an interest rate fee on these borrows\) Hedge Funds continue to incur outsized risk \(a risk now faced by their clients directly, who have been restricted from recalling their investments by some hedge funds\)](https://preview.redd.it/jacqy8pu2dq81.png?width=933&format=png&auto=webp&s=e24c2e283c80ee1d68775c5a297dafff0a67ae62) + +&#x200B; + +# Technical Analysis + +&#x200B; + +[ 💲 G M E trends reveal an 'Ascending Wedge' chart pattern as well as a sustained price 'departure' above the 50 Period Simple-Moving-Average \(30 Min Periods\) - This chart is of the regular 'lit' exchange, which does not show the $510.00+ per share nor the $448,950.00 per share from today](https://preview.redd.it/3cu6l48x2eq81.png?width=896&format=png&auto=webp&s=429881daf47f25d73667b0476f75fe7f5dcfe75b) + +&#x200B; + +[Mentioned previously regarding today's Price Action, in-the-money alerts today were triggered for share prices above $510.00 - This image shows January 28th, 2021, when 💲 G M E was transacting at $508.04 per share just moments before the removal of the 'buy' button, indicating that true-economic-market-price discovery may very well require market prices above $508.04 or $510.00 per share](https://preview.redd.it/m6f9h9t7req81.png?width=905&format=png&auto=webp&s=4de4bb91b93e6c5b583b0508ead8ac7cacf97a39) + +&#x200B; + +[💲 G M E remains undervalued according to its 15-Month Historical Analysis](https://preview.redd.it/tjfz3gq56dq81.png?width=906&format=png&auto=webp&s=764f410954f1e419175a1ab7453445f69e9bf298) + +&#x200B; + +# Recent Fundamental Developments + +Increased demand seems to be growing for 💲 **G M E** based on new fundamentals, as listed below: + +&#x200B; + +* 💲 **A M C** CEO Adam Aron has expressed interest in expanding the company to be more of a global investing company, with intent to expand further, and having recently acquired a major stake in Hycroft Gold Mining Company +* 💲 **A M C** experienced success with the movie 'Batman,' and showed success not only with its digital-asset payments for movie tickets, but with dynamic pricing +* 💲 **G M E** Chairman Ryan Cohen, among other insiders, have purchased daily droves of raw shares of the company. In the case of the chairman, his ownership has grown to 11.9% +* 💲 **G M E** has a newfound digital-asset marketplace (with an art example, see below) that is not only in beta, but it is already collecting *transaction revenues* +* 💲 **G M E** as evidenced from legal spokespeople on twitter (yet to be officially verified), may have recruited Keith Gill, also known as Reddit User DeepFuckingValue, as a company employee to take charge of various roles. Further evidence is needed to verify this claim. + +&#x200B; + +[An example of a work of virtual art by an unidentified artist, available supply only = 1, which may be sold only on the GameStop N..F..T.. Marketplace, with transactional fees accepted by GameStop shareholders via company revenue generation - It is anticipated that online video game character skins, weapons, armors \(each with a unique supply of 1\) will also be able to be transacted on this metaverse market, in a way that suits gamers' needs and metaverse-participants' unique identities](https://preview.redd.it/xaje6ft44eq81.png?width=887&format=png&auto=webp&s=68cca15d2b185aaa5b6306076931a14941cf845e) + +# Conclusion + +1. Data shows that 💲 **G M E** touched upon $448,950.00 per share, $510.00 per share, $370.00 per share, $275.00 per share, and $200.00 per share today. This may seem confusing, but in reality, there are two types of exchanges: those we can see ('lit') and those we cannot ('dark pools'). It appears that off-exchange ('dark pool') prices went "to the Moon" today before a down-limit volatility halt was purposefully-induced (via an orchestrated maneuver by hedge funds where shares were expelled onto the market in superhigh-frequency block trades, 52,200 of which were of the same exact price of $182.79). 💲 **G M E** investors referred to their observation of this type of attack as '*routine*.' Just prior to this maneuver, in-the-money notifications of significantly out-of-the-money options were triggered above $510.00. Nevertheless, 'lit' prices then stabilized, consolidated, and resumed an upward trajectory. 💲 **G M E** thereby recovered, contrary to the designed-intent of hedge funds' short-selling maneuver, thereby placing even more short-liability risk onto hedge funds tomorrow. +2. On the technicals, the true economic market price is clearly being sought somewhere above $510.00 per share, and to note - the previous high was $508.04 per share on 28JAN2021, moments before brokerages' removal of the 'buy' button. Today's chart does reveal a favorable ascending wedge chart pattern, as well as a sustained and elevated price departure above the 50 Period Simple Moving Average (30 minute price box-plot durations). The short-sale interest only grew - now to 22.6 Million shares for short-borrow, now at January 2021 peak levels. Utilization for shorting is still 100%, and the interest rate to short-borrow with some brokers has ballooned to 85%. There are three additional investing days in this week. +3. This evidences an outsized risk to any institutional-class client who has investments managed by a hedge fund who may be over-shorting this stock, as hedge funds are now 'in duress' with likely only several business days remaining until this type of price action reaches 'lit' exchanges. Continued price action now paints a bona fide Bankruptcy risk (upon margin liquidation forced-buy-ins) to these shorting-hedge-funds, while the FBI, DOJ, and SEC continue to hawk their every move for evidence of naked shorting. Lending counterfeit shares, for selling a company's stock short, is a Class C Felony - it is punishable via 20 Years Prison Sentencing. Fundamentals for 💲 **G M E** reveal that insiders are continuing to buy raw shares of their company in droves, daily. Officers of victimized-companies do retain the right to file a multi-company civil suit against wrongdoers in U.S. markets, and in conjunction with criminal charges. Any and all awards earned via litigation have positive, material effects on company financials and shareholder net asset value. + +# TLDR + +�� **G M E** is 'freely seeking' its true, economic, market price. On 28JAN2021, the price was $508.04 moments before removal of the buy button. Today, $510.00 call options were triggered as being 'in the money.' Charts displayed transacted prices up to $370.00 per share, and logs displayed 300 shares transacted of $275.00 per share. Further, ask prices, during a temporary halt, indicated 💲 **G M E** was worth $448,950.00 per share on the ask. Bloomberg terminal data too evidences these prices. On the 'lit' NYSE, the price after the open rose to about $200 per share. Then, as purposefully-orchestrated \[via superhigh-frequency block short-sale orders at 9:35 a.m. EST\], the price was short-laddered down for a few minutes. 💲 **G M E** investors faced a few-minute halt at 9:37 a.m. EST that \[as evidence suggests\] was engineered by Hedge Fund(s) in order to stay ahead of the trade, perhaps profit, while halting investment opportunities. Yet, on natural demand for the stock, the market price recovered within the hour, retesting previous highs on the day. Adding to Hedge Funds' risks of liquidation of their clients' assets, short-borrows have now further increased. This was even more so accelerated, provided today's 'absorption' of three rounds of short-selling in the same business day (and on a relatively high 17M volume). Interest rates to borrow are now up to 85%, Short Interest is 25% of the float, there have been 35 days of 100% Utilization, and January 2021 levels of shares on loan (22.6 Million) are now present. 💲 **G M E** investors referred to their observation of this type of investing day as '*routine.'* Owners of company shares, who invested through January 2021, experienced multiple limit-up halts *per day,* and at least one 'neutral' day was anticipated. There are three additional investing days in this week. + +&#x200B; + +* Edit: [I am long GameStop and Tilray](https://imgur.com/a/Z3XYsGE) with play monies and DRS. I did invest my tax return. I now stand in rightful compliance to a "position or ban" challenge, as I hereby 'yield' by displaying my position in lieu of facing a permanent ban. +* Edit: 11:11am EST on 30MAR2022: Exercised options positions, initiated share transfer to [Computershare.com](https://Computershare.com) (DRS). Added 💲 A M C call options $30 (01APR2022 expiry). Also hedging markets with an investment into 💲 U V X Y and 💲 S Q Q Q due to: lack of trust in markets and macro impacts: war escalating, record inflation, yield curve inversion, unreasonable oil prices, recession fears, and new evidence of our very own Federal Reserve \[and U.S. Treasury's\] collaboration with Citadel Securities... +Look I don't care what you have to say about XRP, and it's obviously centralized distribution. + +But the fact is it was delisted from both Binance and Coinbase. The two exchanges every altcoin would kill to be on. And still has an impending SEC lawsuit. + +Who are all the maniacs still buying/hodling XRP? Are people betting that the SEC lawsuit falls through, and XRP gets relisted and jumps back to several dollars each? +I’m curious why Twitter is so cheap - it’s currently valued at 8x revenue and 18x earnings whereas its peers Snap (valued at 21.5x revenue with negative cash flow) and FB (valued at 10x revenue and 35x earnings) are valued much higher. Twitter stands to benefit from the same tailwinds of growing social media usage around the world without the detriments of the boycott against FB ads (Twitter has on the contrary been very activist in its policies against misuse of the platform). Additionally Twitter is trading well below its IPO price from... six years ago. Has Twitter not become more valuable in the last ten years? +Anyone following Numinus or the psychedelic industry in general? Thoughts? + +Feels a lot like the end of 2017 before the huge cannabis bull run. + +$NUMI is the first publicly traded company in Canada to be granted a licence by **Health Canada to test, possess, buy and sell MDMA, psilocybin, psilocin, DMT, and mescaline.** + +Investor Deck: + +https://numinus.ca/dist/assets/docs/Numinus-Corporate-Deck-2020_12-FINAL.pdf +I, along with my wife and kids, live with my parents. We, my parents and I, purchased the house jointly about 12 years ago. We didn't really think this through and now my family needs to move out but the problem is that I have the equivalent of £90k of equity in the house and my parents don't have enough saved to buy my share. +I will also be subject to the 3% additional stamp duty. +My parents have been retired for 10+ years and wouldn't qualify for a mortgage. Any suggestions. +Does anyone regularly sell call options (or cash secured puts) against their holdings for regular income? How do you manage it on a monthly basis? + +The options market is historically extremely active right now and premiums for popular single stock names are really high. + +There’s also ETFs like QYLD which basically act as at the money covered calls on Nasdaq which I’m considering putting money into as well. +MOD drama is a tactic we have seen over and over on this sub and very GME sub before it. kind of coincidental that we hit the LOWEST volume count to date yesterday and and now the MOD drama is blowing up. don't get taken for a ride yawl, stay stoic and Zen and don't feed into the drama or hate. this to shall pass. + +&#x200B; + +POWER TO THE PLAYERS +This stock has been bouncing around the $20 range for like 6 months now. I’ve been capitalizing on the decently inflated IV, but I’m surprised there aren’t more people talking about this gem of a theta play +**EDIT:** + +**\*\*\*HUGE ANNOUNCEMENT\*\*\*** + +**The HOGL Finance team has j**[**ust announced a giveaway promotion for a 2021 Tesla Model S**](https://twitter.com/HogLfinance/status/1381939108927389698?s=20) **with self-driving features or $90,000 USDT, based on holder preference!!! All wallet holders will be eligible to receive 1 free giveaway entry for every 25M HOGL tokens held! The giveaway will conclude and a winner will be randomly chosen via electronic number generator on a YouTube livestream video once HOGL reaches a market cap of only $50,000,000 USDT (based on circulating supply). No entry fees, no personal information, no registration needed! A BSC scan will be used to identify eligible wallet holders and number of entries. Impressive marketing development!** + +\--------------- + +At just three weeks old, Hold On Good Luck (HOGL) is poised to accomplish a series of milestones in April 2021 that puts it at the forefront as one of the most productive, new cryptocurrency tokens. The following post highlights some of the current and future roadmap milestones that were recently summarized by the HOGL developer during this past week's weekly AMA session. + +&#x200B; + +**What is HOGL?** + +HOGL (Hold On Good Luck) is a deflationary currency on Binance Smart Chain (BSC) with reduced fees thanks to BSC. Every time a transaction takes place with HOGL, 1% of that transaction is partially distributed to all wallet holders via autostaking and 1% is partially removed or “burned” from the total supply. This increases the scarcity and value of every HOGL in circulation. As more transactions take place in the network, the individual net-worth of all who own a piece of the network increases as well. The HOGL community prides itself on a favorable token distribution among its wallet holders. + +&#x200B; + +**Exchange Liftoff!** + +[WhiteBit](https://whitebit.com/): + +* [HOGL was listed on its first exchange on April 8, 2021](https://twitter.com/WhiteBit6/status/1380173631339298818?s=20). WhiteBit is currently the #66 ranked cryptocurrency exchange by volume (24 hr) on CoinMarketCap with a daily average of $1.1 million in transactions. +* Not only has HOGL been listed, but the team has funded a mass marketing initiative with WhiteBit that includes exchange banner ads and emails that will reach the nearly 150,000+ users from the EU, South America, and Asia registered on the platform. +* Perhaps the most significant addition to the listing is the announcement of a [SMART staking platform with HOGL](https://twitter.com/WhiteBit6/status/1381602088233410560?s=20) that offers holders two token interest plans: (1) 6% interest for 90 days of staking or (2) 2% interest for 20 days of staking. + +[Coinsbit](https://coinsbit.io/): + +* [The HOGL developer recently confirmed and paid for what will be the second token exchange listing with Coinsbit](https://twitter.com/HogLfinance/status/1381208992039505921?s=20), the #56 ranked cryptocurrency exchange by volume (24 hr) on CoinMarketCap with an average of $1.4 million in daily transactions and a proclaimed 2,000,000+ users. +* With an official listing as soon as this week, HOGL will gain increased exposure and accessibility with marketing promotions rival those of WhiteBit and the addition of HOGL token airdrops through their channels and more. + +[BitMart](https://www.bitmart.com/): + +* The HOGL developer recently confirmed what will be the third token exchange listing with BitMart. BitMart is the #137 ranked cryptocurrency exchange by volume (24 hr) on CoinMarketCap with an average of $480,000 in daily transactions, over 2.2 million users worldwide, and 72.9K+ Twitter followers. +* While no exact date has been given, it is anticipated that HOGL will be listed on BitMart shortly following the Coinsbit listing, which may very well be next week. + +Other Exchanges: + +* The HOGL team has set out to reach its milestone of being listed on 5 exchanges by the end of April 2021 and is well on their way with a relentless evaluation of prospective exchanges and marketing packages that will maximize token accessibility. + +&#x200B; + +**Marketing Mania!** + +* In addition to the developer-funded exchange marketing plans, the HOGL Telegram community was able to recently crowdfund nearly 10 BNB in a matter of hours toward additional marketing endeavors. A community vote was taken and a consensus was formed to apply the funding toward *UniRocket and BitMedia advertising platforms*. UniRocket ads are scheduled to begin in less than a week on April 18, with BitMedia sometime thereafter. +* The HOGL team has indicated that 3 graphic designers have been recently added to the team to help with future advertising promotions, banners, and more. In addition, the HOGL team has recently concluded an interview for a new website developer who will help launch a significant rebranding and redesign of the [hogl.finance](https://hogl.finance) website to be more user-friendly, market future partnerships, and much more. +* The HOGL advertising team has published it's first of a series of how-to-buy guides that provides prospective investors with visual [step-by-step instructions for purchasing HOGL on PancakeSwap](https://hogl.finance/hogl_pancakeswap_howtobuy.pdf). +* An initial marketing development effort has begun within the community to launch the first ever HOGL giveaway, which will reward wallet holders with free entries based on the amount of HOGL tokens held. A formal announcement will be given soon that will coincide with increased exposure due to exchange listings and bring in an influx of new wallet holders in hopes of winning the giveaway prize! + +&#x200B; + +**Roadmap Developments & More!** + +* The HOGL development team has built a Proof-of-Concept (POC) Non-Fungible Token (NFT) marketplace that will accept HOGL as a form of payment for various digital assets. Future developments and news to follow exchange listings! +* The HOGL team will be launching its first HOGL browser game, purely as a fun addition for the community, which will feature a flying Dacia as it navigates through space in search of HOGL tokens! The first release is scheduled to be as early as this week with the potential for future updates to include a community leaderboard and the opportunity to earn HOGL tokens! +* As means of community transparency, the HOGL developer and admin team hosts weekly AMAs on Fridays to give current and prospective investors the opportunity to address their concerns, share their roadmap ideas, and more generally, get to know the team who has put forth so much effort in such a short amount of time. We encourage any interested investors to join us on Discord for our weekly AMAs! + +&#x200B; + +**Community Engagement!** + +* Website: [https://hogl.finance/](https://hogl.finance/) +* Join us on Telegram: [https://t.me/HOGLfinance](https://t.me/HOGLfinance) +* Join us on Discord: [https://discord.gg/njuEbmYs](https://discord.gg/njuEbmYs) +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). +Alright fellas, I missed the ball on LKE. I didn't trust you apes and look what happened, I'm taking my morning Saturday shit pondering what it would have been like if I aped into LKE like I did NFTs. + +What is the uranium stock that we are all looking into at the moment? There is no way I'm missing out on the lambo this time +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) + I compiled a list of websites for most of the accelerator chips companies that Brainchip's Akida has to compete with so you guys can do your own DD: + +[https://www.simplemachines.ai/](https://www.simplemachines.ai/) [https://www.intel.com.au/content/www/au/en/research/neuromorphic-computing.html](https://www.intel.com.au/content/www/au/en/research/neuromorphic-computing.html) [https://sophon.ai/](https://sophon.ai/) [https://aws.amazon.com/machine-learning/inferentia/#:\~:text=AWS%20Inferentia%20is%20designed%20to,learning%20into%20their%20business%20applications](https://aws.amazon.com/machine-learning/inferentia/#:~:text=AWS%20Inferentia%20is%20designed%20to,learning%20into%20their%20business%20applications). [https://etacompute.com/](https://etacompute.com/) + +And for BRN's Akida chip: [https://doc.brainchipinc.com/](https://doc.brainchipinc.com/) + +Right now, BRN is the only company in Australia which manufacture this type of chip. + +Also, there are some good papers which talk about or implement BRN's Akida chips: + + [https://arxiv.org/pdf/1908.11348.pdf](https://arxiv.org/pdf/1908.11348.pdf) + + [https://www.mdpi.com/1424-8220/19/22/4831/htm](https://www.mdpi.com/1424-8220/19/22/4831/htm) +Guten Tag to all of you Great Apes across the world! 👋🦍 + +This was the third day of ridiculously low volume, and our Diamantenhände held strong. The power of apes to HODL is truly astounding - we know what we like, and we like the stock. Reverse-repo participation was down after the end of the quarter, but is still *extremely* high. Today is July 2, and you know what that means! Join apes around the world to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🧱🚀 Buckle Up! 🚀🧱 +*** + + +- 🟥 120 minutes in: **$206.55 / 174,30 €** +- 🟩 115 minutes in: $206.61 / 174,35 € +- ⬜ 110 minutes in: $206.58 / 174,32 € +- ⬜ 105 minutes in: $206.58 / 174,32 € +- 🟩 100 minutes in: $206.58 / 174,32 € +- 🟥 95 minutes in: $206.55 / 174,30 € +- 🟥 90 minutes in: $206.58 / 174,32 € +- 🟩 85 minutes in: $206.70 / 174,43 € +- 🟩 80 minutes in: $206.67 / 174,40 € +- 🟩 75 minutes in: $206.50 / 174,25 € +- ⬜ 70 minutes in: $206.32 / 174,10 € +- ⬜ 65 minutes in: $206.32 / 174,10 € +- ⬜ 60 minutes in: $206.32 / 174,10 € +- ⬜ 55 minutes in: $206.32 / 174,10 € +- ⬜ 50 minutes in: $206.32 / 174,10 € +- 🟩 45 minutes in: $206.32 / 174,10 € +- ⬜ 40 minutes in: $206.20 / 174,00 € +- ⬜ 35 minutes in: $206.20 / 174,00 € +- ⬜ 30 minutes in: $206.20 / 174,00 € +- ⬜ 25 minutes in: $206.20 / 174,00 € +- ⬜ 20 minutes in: $206.20 / 174,00 € +- 🟩 15 minutes in: $206.20 / 174,00 € +- ⬜ 10 minutes in: $205.64 / 173,53 € +- 🟩 5 minutes in: $205.64 / 173,53 € +- 🟩 0 minutes in: $205.25 / 173,20 € +- 🟥 US close price: $204.36 / 172,45 € *($204.75 / 172,78 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.18505035. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Last weekend, DerGurkenraspler appears to have deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hey UKPF, + +I’m going to be loaning a friend a fair chunk of money (under £4000) across a few months. I fully trust them. However, putting this in writing would give me piece of mind it means I’m protected if things go south. + +Would a free online loan template suffice for this kind of agreement, would it offer me any kind of protection or should I look at alternatives to collect evidence? + +Want to stress this is just to cover my arse, I’m not expecting it to end in tears. +What kind of home automations do you guys use, wish you had, or are waiting for? I mean things like electronic door locks, Alexa/speaker systems throughout the house, heated floors, motion sensor lights etc. + +I love the idea of such features, but whenever I look online at "smart homes" it seems like no single company does it all yet. The youtube videos I've seen feature people who have a different app for each feature (lighting, speakers, doors) and that doesn't seem all that convenient to me. I don't think I'll pull the trigger on such things until it can all be on one app. +Would love to hear about anyone's experience moving a location independent business to PR for the insane tax benefits, namely 4% flat tax. Especially in advance of an exit. I'll be at 7 figure income this year and the eye popping savings have me frothing at the mouth but I've heard it's not all fun and games +As a new member of this community, I'm wondering what other subreddits you all follow that are relevant/useful to this community? + +Hope this is helpful to others as well. +I was at the store last night and avocados were $1.23 and only a few weeks ago they were 70 cents each. That's an 83% increase in just a few weeks. Off-brand food is at or near the same price as the most expensive name-brand food. Now with gas prices literally putting fuel on the fire that is our economic situation, I do not have any doubts that we are royally f'd. I could honestly see our beloved stonk drop to levels not seen since we were originally attacked by financial terrorists. Do you all feel that? Do you remember what it felt like when the economy took a dive during the Great Recession? I had a sinking feeling in the pit of my stomach back then, and that same feeling is in my stomach now. I love all of you apes. Whatever is coming, remember that you can always reach out on here. I wish you all the very best, and I sincerely hope the economy will not collapse. If this is it, if you haven't experienced a real economic downturn, you can make it through. See you all on the Moon one day, and hopefully we get to see this NFT market someday soon 🚀🌛 +I just finished a long dive into Dead Cat Bounces through history. + +**tl;dr There have been 3 Dead Cats / Bull Traps larger than this one, and insufficient evidence to declare this time will be different. Of course it could be, every Recession is different, but I reckon the Bear will return.** + +I see three possibilities for why the markets may have bounced more than 20% (and, in the case of the Dow Jones, more than 30%) off the bottom. + +1. **This could be a V-shaped Recession** +2. **Markets have actually disconnected from the wider economy – so we can’t use them as a lead indicator of the wider economy, or** +3. **This is just a Dead Cat Bounce creating a Bull Trap** + +**1.** **V-Shaped Recession?** + +The best evidence I’ve seen supporting this possibility is based on the speed of recovery. Strategas Research has observed that the bounce we have seen is actually “the second best 40 day period in history”, and their projection therefore is that that speed of growth augers well for the general economy. + +For me that ignores the rapidity of change that is going on at the moment. One reason why [the Coronavirus Recession is different to a Typical Recession ](https://jacobaldridge.com/business/how-is-the-coronavirus-recession-different-to-a-typical-recession/)is how fast everything is moving, so I don’t think that pointing out speed of that 40 days is evidence that this is actually a sustained recovery. Just as the drop was faster, so too the Dead Cat Bounce has been faster. + +That link looks at other evidence for why this won't be V-Shaped, so I won't belabour the point. + +**2. Markets are Disconnected from the Wider Economy?** + +There may be some truth to this, but I don't think it tells the full story. + +Yes, money still has to go somewhere. All those Super funds in Australia, for example, and even cautious investors elsewhere are looking at Bond Rates and Bank Interest and thinking some possibility of return is worth taking a risk for. Plus, if you're thinking long-term, investing now is easier than catching a falling knife - you'll miss some returns, but perhaps not a huge amount in the middle of the 2010-2030 Cyclical Bull Run. + +Are Tech Stocks driving the recovery because they're different? That was the promise of the Dot Com Bubble as well - I think panic buying of toilet paper (now back on the shelves in normal levels) has a similarity to 'panic' buying of Amazon, Zoom etc - and they'll return to normal levels and valuations. + +**3. Is it a Dead Cat Bounce?** + +The prevalence of economic commentators saying "I don't know why markets are doing this" reminds me of the late-stage peak in an economic cycle. *Everybody* knows that a bust is coming, they just didn’t know exactly when. And **nobody wants to go first**. + +Nobody wants to miss the last eking out of a peak by being the first one to try and sell and get out of the market. However, **everybody wants to go second**. + +There’s a lot of people who really don’t understand why the markets are going up like this … who really don’t expect that to be sustained … and while none of them want to be the first to get out just in case they’re wrong, **as soon as there’s a strong indication that the markets are going to turn south again everybody’s going to want to go second.** + +So when that first domino falls, we can expect another crash and quite possibly fast given how many people are waiting for that other shoe to drop. + +What could be causing the bounce? Apart from the normal money that has to go somewhere, there's these huge levels of government stimulus programs ... which will expire. A big lesson from the GFC was the importance of Fiscal Policy, not just Monetary Policy, on managing the depth of a Recession - and maybe if we had some progressive governments in key economies this might be the opportunity for them to roll 'stimulus' into a wider safety-net/welfare state - but we don't. + +**The Last 13 Dead Cat Bounces** + +There have been 13 Dead Cat Bounces in the last century (using Dow Jones data here because it's the longest and cleanest data set). Using the current DJIA bounce of 38%, if this is a Bull Trap it would only be the 4th largest - so hardly unprecedented. + +While not comparing apples with apples, the ASX200 which is up 28% would be the 6th largest on that list - so another couple of historical examples where a market has bounced 28% or more and then re-entered Bear Market territory. + +A Dead Cat Bounce is common. It doesn’t happen every time, but there’s enough other indications that this is not going to be a V-shaped Recovery and that we’re not going to be out of the global Coronavirus Pandemic, and certainly not the current Coronavirus Recession in a hurry. + +And as a result, as a Lead Indicator of the wider economy, these markets are suggesting perhaps a period of a couple of months where you could make some hay while there's still sun around. But Winter is coming. + +*Research, Article and Video link (but all the key points are above so you don't need to click here) -* [*https://jacobaldridge.com/dont-waste-a-good-recession/is-this-a-dead-cat-bounce-april-may-june-2020/*](https://jacobaldridge.com/dont-waste-a-good-recession/is-this-a-dead-cat-bounce-april-may-june-2020/) +Holy shit. Was this a gigachad get fcked move from GameStop? I mean there's no saying ImmutableX is exclusive to GameStop as far as I see but it does mean that Opensea's big value proposition of zero gas from ImmutableX is no longer an exclusive offering. Was this a pimp slap towards Opensea? They've got enough problems on their hands as it is, and now this. The filing also states that they won't implement any other blockchain without implementing ImmutableX FIRST. EXCEPT 2 other little blockchains we might heard of round these parts. + +Any blockchain other than Ethereum and Loopring ofc!!! + +Holy fck why does it feel like Gamestop is just showing all these other scrubs who wears the pants around here. All your chains are belong to me! + +Galaxy Brain them GameStop! Lets GOOOOOOOOOOOO. +https://www.prnewswire.com/news-releases/cae-receives-health-canada-certification-for-its-life-saving-cae-air1-ventilator-301078417.html + +Naturally I‘ve got a great deal of bias here, I’ll preach this stock till the day I die. But if you’re looking to dip your toes in a well established Canadian tech company I think they’re worth considering just purely for the top level management. + +Will be very interesting to see how far they push into the medical/healthcare industry now that they’ve got a track record of obtaining and successfully delivering on high-profile government contracts. +Here is a year old article which listed "Analysts' Stocks to Watch in 2018". The list included, Large Cap, Mid Cap and Small Cap stocks. + +[https://www.marketwatch.com/story/analysts-expect-these-large-cap-us-stocks-to-rise-at-least-25-in-2018-2017-12-04](https://www.marketwatch.com/story/analysts-expect-these-large-cap-us-stocks-to-rise-at-least-25-in-2018-2017-12-04) + +Almost a year late here is how these lists fared in 2018. + +[https://docs.google.com/spreadsheets/d/1HRJcbrCQJZ54IVZA2d2Sj-YMDL7ebPJiKPBQBFCQ7XU/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1HRJcbrCQJZ54IVZA2d2Sj-YMDL7ebPJiKPBQBFCQ7XU/edit?usp=sharing) + +tl;dr: They sucked. +I'm trying to set up a portfolio of dividend stock, in addition to my existing investments in ETFs. I've been reading a lot of posts here and getting together data on a lot of the stocks that are mentioned frequently, but I've got a question: Of the companies I've gathered, there's a wide spread of stock prices from TU, EPD and BP on the low end to MSFT, COST, and LMT on the high end. Assuming that I'm satisfied with my analysis of the stocks/companies, would it make more sense to buy more shares of cheaper stocks (I could buy 10 shares of T for the price of one share of COST), or focus more on the fundamentals (Yield, P/E, Diversification, Historical growth) regardless of stock price? +************ +UPDATE: + +I contacted my HR department as well as my leave company. HR is opening a case with payroll to make sure that I will be paid through the proper channel and how to proceed with repayment. + +HR rep was super supportive and more than willing to help. Leave company is aware of the issue and says it’s possibly resolvable with back pay. + +The HR representative apologized for the managers mess up and assured me he was on top of it. He empathized with me and understood that covid, a medical leave AND incorrect pay, is a lot. Which I appreciated a million. + +Thank you to everyone who took the time to share their knowledge and good vibes. You’re all my hero’s today :) + +****** +Had to remove to stay anon +[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/) +In my experience, the really big ROIs come from investing in ICOs with low market caps. Some examples are LINK (4x-5x ICO price) and DNT (maxed at 24x and still at 5x ICO price). Obviously, lots of research has to be done to differentiate the good from the bad, but its worth it for the potentially huge returns. Even when projects are solid like Bancor or Filecoin, there ends up being almost no room for growth because if they evaluate themselves with 200+ million dollar market caps and proceed to raise that much, the price has nowhere to go but down post-ICO. Therefore, I'm only interested in discussing solid, low-market cap ICOs here. I'm going to list the top few choices I've seen posted here and elsewhere, and I'll update the list per your suggestions. + +~~[AirToken](https://www.airtoken.com)~~ - (New info, be careful) - The AirToken is a new Ethereum ERC20 token that unlocks free mobile internet through advertising and spot rewards. Besides the stacked team, AirFox is already an established technology that works. With a 15 million dollar market cap, I'd expect a nice ROI. A working mobile app could easily bring the cap up 5x what it is now, if not more. ICO is almost closed for this one. + +[Upfiring](https://www.upfiring.com) - Incentivized P2P file-sharing. Pretty unique and overall solid concept with a very low market cap. If the app is successful I expect to see huge returns - for reference, similar projects like Siacoin and Filecoin are valued at 20x-30x Upfiring's ICO price. I skyped with them over an issue I had at the start of the crowdsale and they were very nice/knowledgeable. Their crowdsale contract is also made with in such a way as to prevent people from losing their tokens if they accidentally contribute from an exchange or incompatible wallet. Solid project overall. + +[Airswap](https://www.airswap.io) - Similar to shapeshift and 0x, but with a few twists. The team is large and is serious about the project. They use a whitelist for their token sale. There's a lot of competition here but it seems promising - we're in need of a good token swap protocol, as none have really stood out as the best yet. +Edit: Cap is bigger than I thought. Still a good project but less of a margin for profit. + +~~[Cindicator](https://cindicator.com)~~ - Sold out - Really an incredible idea, but far-reaching like Golem. Very low market cap for such a large team and project, and as far as I'm aware it is about to be reached. The predictive market AI based on staking tokens is an exciting idea and it will be interesting if it is implemented properly as a way to advise investors. They promote collective intelligence which blockchain technology is perfect for. +Edit: Token Sale sold out. + +[EnjinCoin](https://enjincoin.io/) - Cryptocurrency for gamers, a huge market. They have a small team (4 people, plus advisors) and are seeking to raise $25 million according to my understanding. Very well put together roadmap, whitepaper and website. + +[Request Network](https://request.network) - "Raising 100K eth, 21K people in slack before they shut down whitelisting weeks ago, and backed by the top silicon valley seed fund YCombinator." + +Once again, this is just a few that I've found so far based on my own research over the last few months. I have some other projects I'm looking into for November as well, but will make another post when that gets closer. As I said I will add projects to the list as you guys suggest them - let's sort through this influx of ICO's and find which ones are worth our time. +I'm targeting properties to own and pay off for retirement. We are targeting SW Florida. Ideally we buy a few homes now them pay off over time. However with the recent surge post covid, the areas we were watching are now 3x what they were 2 years ago. + +Any good beach areas to target in SW Florida that might still have value? + +How do you handle out of state rentals - anybody been successful? +I'm targeting properties to own and pay off for retirement. We are targeting SW Florida. Ideally we buy a few homes now them pay off over time. However with the recent surge post covid, the areas we were watching are now 3x what they were 2 years ago. + +Any good beach areas to target in SW Florida that might still have value? + +How do you handle out of state rentals - anybody been successful? +https://www.cbsnews.com/news/american-jobs-are-getting-worse-according-to-a-new-economic-measure/ + +Although the U.S. is on a record streak for job-creation, many Americans still feel like they can't get ahead — it's not their imagination. The last three decades have seen the economy churn out more and more jobs that offer inadequate pay, a group of researchers found. + +"The history of private-sector employment in the U.S. over the past three decades is one of overall degradation in the ability of many American jobs to support households — even those with multiple jobholders," they wrote. +So, I've been wanting to buy some games, a television and a new laptop for a while now. However, I only want to do business with Gamestop because it is the greatest company/stonk of all time (I would even do my grocery shopping there if I could). Unfortunately, it is currently not possible for us to order from the Netherlands afaik. I refuse to buy electronics from any company besides Gamestop. + +I wouldn't recommend opening a physical store at the moment, they are not as popular around here. However, shipping to the Netherlands would be fantastic in allowing us to do business with Gamestop instead of other (shitty) competitors. Also this would allow us to support Gamestop in other ways than buying shares and DRSing them. We all have monthly fixed costs for electronics (games, laptops, tv's, headphones etc....) anyway, might as well spend it at Gamestop. + +I also spend around 300 euros a year on books, if i could order those from Gamestop that would be amazing. + +Sincerely, + +Europoor/Part owner of Gamestop + I am an early 30s female wall street type. Made approx 900k last year and am on track for 1.5 to 2m this year. NW around 1m, including retirement accounts (and I rent my apartment). My boyfriend is also successful in his career, though we haven't talked specific numbers I think he's higher nw/lower income than I am. We're currently trying to figure out if kids are in the picture for us. + +Most information I can find about having kids emphasizes the financial aspects - sacrificing your career because working isn't worth the cost of daycare or whatever - but I imagine things go pretty differently if you can absorb the costs. + +Most information I can find about having kids emphasizes the financial aspects - sacrificing your career because working isn't worth the cost of daycare or whatever - but I imagine things go pretty differently if you can absorb the costs. The idea of kids appeals to me but I'm worried about the opportunity cost of the time and the money. + +For those of you on your way to fatfire or already there when you had kids, how much did the experience derail your progress, both in actual cost and in sacrificed earnings potential? Is it really possible to perform equally well at work if you have small kids, if you have enough childcare and domestic help? If you go this road, can you still have a full relationship with the kid(s)? What about your hobbies and friendships? What fat things did you do or buy that you'd recommend? +Big day tomorrow… The Ethereum merge is set to take place changing Ethereum from Proof of work to Proof of stake. + +What do you think tomorrow looks like? +Is there actually a chance that the merge doesn’t even happen? I know there are some people out there who think it will flat out fail. Why? + +Also, do you expect it to be a sell the news event? I feel like the markets have already kinda dumped recently. I do expect some volatility but have no idea if it’ll be a good or bad thing. + +My opinion is that the merge will take place. If it goes smoothly I don’t think we see a massive dump. Just my opinion, I don’t have a crystal ball so be prepared for all scenarios. If it doesn’t go smoothly… it could be very bad. + +What are your predictions for tomorrow everyone? +I'll probably get fucked up and sink my yacht why trying to race it against one of you other yachted up apes. Your damn right it will have ridiculous performance mods. Insurance will definitely deny my claim and I'll probably have the thing on payments. + +I'll be working some regular job again in no time and will be dealing with all these assholes who saw me sink on tik tok. The news coverage will be humiliating. + +Edit. Definitely throw your friends under the bus here. Who will have the most epic blowout of us all? +This is just a discussion post as the DRS number isn't what many were expecting. + +First they fucked around: + +What if a nefarious actor (or actors) that has been monitoring this sub, saw the hope we have for DRS and decided to fuck around last quarter by DRS'ing a ton, then selling out before the quarterly reporting period? + +Why might they do that? + +Well, so that when they sold during Q3, the reported number would actually be lower. The narrative the last several days is 'ReTAil Is LEAviNg'. We've even seen stories about DRS the last several weeks, setting all this up. I'm sure they have the 'See ReTAil LEfT' articles already written. + +Today they found out: + +Even with an extreme level and effort of fuckery, DRS numbers are still HIGHER than last quarter!!! They failed in their effort. That narrative won't play. This is an amazing result. + +Again, just for discussion. Buy. Hold. DRS. +I understand that, with wheeling, the goal is not to get assigned, and I understand why it's better to take profits and then roll up and out rather than to see a contract through to expiration (or near-expiration). My question is, why does 50% seem to be such a popular profit target? I see a lot of posts on this sub saying "I get out at 50% profit," but I'm wondering, for example, why not get out at 40%, 60%, etc. instead. + +If I'm aiming for contracts with 30-45 DTE, is there something particularly beneficial about taking profits at 50%? +I'm having trouble with the math on common trades like this one on 16-May: + +Bull Put Credit SPY 18-Jun 383/385 for credit of 0.17 at a 15% Prob. ITM + +85% of the time I'll win $17 and lose $200 the other 15% of the time. This seems like a guaranteed loss on repeated trading based on the premium. Shouldn't I require no less than a 0.30 credit (200 x 15%)? Or at worst 0.275 ($200-17 x 15%)? +I'm having trouble with the math on common trades like this one on 16-May: + +Bull Put Credit SPY 18-Jun 383/385 for credit of 0.17 at a 15% Prob. ITM + +85% of the time I'll win $17 and lose $200 the other 15% of the time. This seems like a guaranteed loss on repeated trading based on the premium. Shouldn't I require no less than a 0.30 credit (200 x 15%)? Or at worst 0.275 ($200-17 x 15%)? +My dad is 74 and on social security. He is nearly broke and after his rent, bills, meds, etc he is at around a $400-500 monthly deficit. He lives very humbly but his social security is only $1250. His apartment is a one-bedroom for $839 (very hard to find much cheaper). + +Ive taken over his cell phone bill, renegotiated his car insurance and cable bill, and cancelled some stupid subscriptions. Medication costs keep rising and we have made all sorts of cost-cutting measures including using less convenient meds (ie those that have to be taken more often vs more expensive extended release) And use goodrx, coupons for groceries etc. + +My question is are there any services where the government will make up for the difference in his living expenses? Or ways to at least get his medication covered, which is over several hundred per month? Any and all advice appreciated. + +Edit: So much great advice I really appreciate it! On Monday I am going to help him apply for Medicaid & extra-help, SNAP, as well as inquire into HUD, Low-income subsidy, etc. + +I am also going to look to Social Security administration and various government sponsored help for older people. + +I did some research thanks to redditor advice and found that I should be able to drastically reduce his phone/electric/cable and internet via various programs like Lifeline and directly with utilities. + +Thank you all so much hopefully this thread helps others in a similar situation. +I'm wondering if "buy borrow die" still works without the die part. + +Here's a kind of shorthand of my situation: 5m in assets I could borrow against, looking to generate an income of 180k/year. If I want to leverage only 25% of my portfolio for risk purposes, that gives me only 7 years income. + +So what if I "reset" and sold off portfolio gains to pay the loan off every 7 years? I'd still have the benefit of the 7 years portfolio growth and the massive benefit of not paying tax on the loan income instead of the capital gains tax I'd pay if I were selling off assets. + +What doesn't work about this plan? + +ETA: (sorry for "talking to myself" posting this is helping me thing this through!) I guess I would not really have a tax savings because I'm still paying the income tax just pushing it all in the year where I'm selling off the assets to pay back the loan + +So the benefit is the portfolio gains alone (which is still a big benefit) +Let’s say 300k minus 20 percent in taxes. We were told there was a way to not take the 20 percent hit if we put that directly on an IRA. Is that true ? Are there better options? We also heard it was better to go with REIT? (Spelling?) + +Would really appreciate your insight +I don’t make tons of money but have a stable job, and over 15k saved up. I started a Roth IRA last year and maxed it out. For some reason I’m nervous about maxing it out this year - maybe just because seeing the number in my savings feels good. Should I max it out again this year? I’m using a target retirement fund - what are the chances of me putting money into my Roth and losing it completely? +I'm fairly recently chubby/fat (in $CAD, ~$7.5M liquid NW, $1M home, no mortgage, relatively modest income ~$150k) and have lurked here for a while. In my 40s. + +Anyway, I've been getting more nervous lately about the amount of froth in the markets and the signs of a bubble. Now I know Jeremy Grantham has always been a bear, but a lot of this article makes sense to me: + +https://www.gmo.com/americas/research-library/let-the-wild-rumpus-begin/ + +Whether we're headed for a super crash or not, the market does go in cycles. + +About 90% of our NW is invested in the markets via a reputable advisor (fees ~0.5%). Ironically, I chose this firm after interviewing several because their thesis is around focusing on blue chips vs growth stocks, so they'll underperform wild bull markets (like in the last couple of years) but outperform during lesser times (they've been around for many decades). I also chose an advisor because I wanted to have a buffer between myself and my funds, so I took emotions out of it and didn't do something rash or drastic. I guess I'm coming into the first real test of that. + +I know that with our investment horizon, we'll be fine either way, but I still can't help but think whether I should be just trusting the advisor to plan for what's coming, or being more actively involved. Rationally, I know that I don't know more about the markets than the advisor. However, I also sometimes think that the advisor is incentivized to keep our money invested at all times, rather than taking a step back when it might be warranted. However, taking a step back = timing the market. Anyway, I go in these circles in my head and is stresses me out. + +For those who have a lot of $ in the markets, are you staying the course, making any adjustments? Also, how have you learned to deal with these emotional aspects over time? +**Update - A few guys did more DD and it appears that the Bill and Melinda Gates foundation has a pretty good position in ARCO, to the tune of over [3 million shares](https://fintel.io/i/bill-melinda-gates-foundation-trust), totaling over $12 million. Obviously these guys see potential in the company.** + +**I have 660 September 18, $5 call options. I think this thing can continue rallying into next week. The IV on this options is less than 60. You cannot find that low volatility anywhere for calls these days. And they are trading at 10 cents. I think this stock has the potential to hit $6 in the next week. ** + +**I know Brazil is a mess and South American in general is a pile of doo doo, but these guys go to McDonald's like it's going out of style. Revenue growth is consistently in the 10% range and last year comps were up 12% for Brazil and over 27% for Southern Latin America. [(Presentation here)](https://www.arcosdorados.com/wp-content/uploads/2015/12/ARCO-KPIs-2Q20.pdf)** + +**Also, Bank of America said yesterday that the Brazilian economy has basically returned to pre-covid levels. https://www.bnnbloomberg.ca/brazil-economic-activity-returned-to-pre-covid-levels-bofa-says-1.1484251** + +**TL;DR - ARCO's McDonald's stores are doing fine and the stock and calls are going up.** + + + --------------------------- + + + +A few weeks ago I did some DD on Huttig (HBP). The stock doubled and within a week it received a buyout offer. It was an incredibly undervalued company and it was only a matter of time before the market noticed. + +**Today, I bring you another incredibly undervalued company** + +Arcos Dorados Holdings (ARCO) is basically McDonalds in Latin America and the Caribbean. They own, operate and sub-franchise all McDonald's restaurants (over 2200) in all of Latin America and the Caribbean. + +**This is a billion dollar company and it is trading like a penny stock at only $4.50. Sales last year were almost $3 billion and the company earned $80 million in net income. EBITDA was almost $300 million. ** + +**For those who might not know, Arcos Dorados translates to Golden Arches in Spanish.** + +Quote directly from the Arcos Dorados (ARCO) [Investor relations page](https://www.arcosdorados.com/ir/company-overview/) + +>"Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories with more than 2,200 restaurants, operated by the Company or by its sub-franchisees, that together employ over 100 thousand people" + +Coronavirus has negatively impacted sales for the last two quarters, but the sales trends are improving and the stock is still down massively from where it was before the crisis. There is a ton of room for this stock to run higher. + +**The catalyst:** The outbreak in Brazil and other LatAm countries is slowing considerably. These economies are starting to re-open. People are starting to line up for Big Macs and cheeseburgers. During the last conference call the company mentioned huge improvement in traffic and sales trends. Another very important point is that the fast food industry in Latin America is highly fragmented with many mom and pop restaurants. These restaurants were power-fucked by pandemic related lock-downs and most of them will never reopen. Arcos Dorados will gobble up all this business and consolidate their hold on the Latin American and Caribbean market. Long term, the pandemic probably is a major boost for the company. + +**The play:** The stock trades at only at $4.50. These shares are on heavy discount. I think the stock should be trading considerably higher and the average Yahoo analyst estimate is $6.10. The September options ($5 strike) are trading at only 10 cents, and the IV for the September calls is under 60, so you are not overpaying for volatility. I think the calls and the shares will increase in value considerably. But still, for safety, I always recommend sticking with common shares when dealing with a penny stock. + +*Disclaimer: I'm not pumping this stock, but I can clearly see huge value. I own 25,000 shares, which is a small portion of my portfolio. Do your own due diligence. Remember, the name of the game is to make money. If the stock shoots to $8, remember to bank some profits because nothing is ever 100% certain. But this company is pretty solid. It's a massive operation with over 2200 restaurants. It is not like some biotech company with 5 employees, or a speculative mining play.* **It's freaking the Latin American McDonald's corporation.** +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”. +[The EU isn't fooling around](http://www.reuters.com/article/us-eu-apple-taxavoidance-idUSKCN114211) and some other companies are being targeted as well: + +>Online retailer Amazon.com Inc (AMZN.O) and hamburger group McDonald's Corp (MCD.N) face similar probes over taxes in Luxembourg, while coffee chain Starbucks Corp (SBUX.O) has been ordered to pay up to 30 million euros ($33 million) to the Dutch state. +This project has all the ingredients required to be extremely successful. + +-> TEAM ✓: +The CEO is the creator of JavaScript (yes.. f****** JavaScript) as well as co-founder of Firefox and Mozilla. They brought on board a lot of people with proven track record. I personally invest on people before anything else, and this has made it a no brainer. + +-> PARTNERSHIPS ✓: +This is probably the most underestimated part about this update. This release is focus on user growth and getting as much publishers as possible to join Brave. + +There will be some large publishers joining BAT ... And announcements are going to be made... I don't think I need to explain what good news does to a cryptocurrency project...? + +-> INCREDIBLY WELL FUNDED ✓: +Here's the list: Founders Fund, Foundation Capital, Propel Venture Partners, Pantera Capital, DCG, Danhua Capital, and Huiyin Blockchain Venture  + +Those firms have a lot of interests in increasing BAT market cap and they have very deep pockets. I won't be surprised if all of the sudden, the price just moon extremely high in a very short period of time. + +-> PRIVACY ✓: +The buzz word in cryptocurrency right now. + +The Anonize algorithm is built in a way that the user privacy is respected while publishers will be able to Target effectively their users. + +-> MASS ADOPTION✓: +Ask anyone around you what they would do if they were getting paid to browse. + +Once you are there, ask your mother if she'd like to be paid to Facebook. Then, buy a truck load of BAT. + +------- + +There are many other factors why this company is undervalued and I'd like to have your opinions on the matter. What is your main reason to invest in BAT? + + +Hey Ausfinance Gang. + +I am 27 years old, working for PT and living at home with no rent and no expenses. + +I am currently in the process of building a house. the house and land will cost me nearly $800,000 for which I have saved up about $140,0000 for. The land wont title till q1 2023 so I still have time to save. I also havent signed the final contract so I still have time to think things through. + +I am looking at the interest rates and the monthly payment for my house and I am currently terrified. I am looking at roughly $4000 a month, which would be fine for a couple but as a single man???? +I can always rent out the place or get some roomies. I just found a second job too just to save more so hopefully I'll be earning around$ 90,000+. + +Is there anything else I can do? My parents are willing to cosign as well. With more rate rises incoming I feel like I'm looking at a loaded barrel. + +any advice is welcome. +Brisbane steaming ahead.. must be a lot of people still buying up here.. But how long can Brisbane keep up house price rises? + +What does 2022-2023 look like for Bris? + +On track for 2.9% growth this month. +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. +Most of you here are competent with the ideas of personal finance and the road to FI/RE, and don't need to experience a condescending regurgitation of "don't drink a latte from Starbucks every day, try to make your own lunch, don't put gold leaf on your cakes and caviar in your salads", but I ran these numbers myself and they're extremely shocking to me. This means that I am obligated to make a reddit post about them, of course. + +Let's take an extreme example. Let's say you are (and let's be honest, if you use this subreddit you probably are) a software engineer living in - can you guess it? - the Bay Area. Let's say you make $150k total comp, which is reasonable as we're not guessing your experience and it's the Bay Area. The following example can be extended to any high COL, high salary area. I am assuming you are single. + +After Federal taxes, State taxes + FICA, you are left with $98,620 take-home pay (in California). Let's say you are off of work for the equivalent of five weeks each year, giving you 226 working days each year. + +Because you don't want housemates to see you masturbating over FI blogs on a daily basis, you decided you wanted to live in your own in a humble studio apartment. Because this is the Bay Area, this costs you the low, low price of $2,800 a month. Let's then say you enjoy some luxurious grocery shopping, so you pay $300 for groceries each month for yourself. Health insurance is $300 a month too. Entertainment, well, let's use $300 a month for that also. Utility bills, including electricity and gas? You know what, let's use $300 a month for that also. Obviously these numbers may vary but they will do for our little example, I'm averaging to $300 a month for each section. You may spend, for instance, more on entertainment and less on groceries, but this is our wiggle room. + +This gives you a monthly expenditure of $4,000 a month, coming to a nice $48,000 a year. Subtract $48,000 from $98,620 and you're left with $50,620, and a savings rate of *51.3%*. Networthify thinks this will allow you to retire in precisely *16 years*. Not bad! And that assumes you have precisely 0 in assets and experience no wage growth over those 16 years. + +But what if one day, just after crunching those numbers and making these plans, your colleagues invite you out to a lunch and coffee with them? After all, it's just one. It can't make a big difference, can it? So you go with them, and after sales tax is included, your little fancy lunch and coffee comes to $15. + +But then this doesn't just become a one-off. What if it becomes a routine, and you do this - say - three out of five working days? Or perhaps four, spending a little less but maintaining the same overall spending on lunch each week? + +226 * 0.6 rounds to 136 fancy lunches each year. At $15 a lunch this is *$2,040* of fancy lunches a year. I hope you're going somewhere nicer than McDonalds with that amount of money spent. + +Let's subtract $2,040 from $50,620, giving us *$48,580*. This brings your saving rate down to *49.2%*. + +Doesn't seem like a big difference, right? It's only 2.1%, it can't hurt too much? Actually, that 16 years just became *17 years*. + +You lost a year of possible retirement or financial independence due to your fancy lunches. That's not as attractive now, is it? + +Keep in mind this already assumes quite a high spending on groceries, and you could easily make quite a nice lunch for yourself each day with that kind of spending! + +You may ask what the point of this example was. Everyone has different incomes and different expenditures, after all, I averaged multiple sections out to $300 a month and you may spend more or less. But the same principles apply to everyone. Earning less means it's even more of an issue. And earning more may make it less of an issue, but you still need to weigh up whether the many months or possible years you will be losing are worth not having to make your own lunch. + +And besides, making your own probably tastes better anyway. + +--- + +This isn't a guide on how to live your life, of course. If you find value in bonding with coworkers or just fancy lunches themselves, and value this *more than the time you are giving up*, continue by any means. This is the whole point of analysing these. You have to consider the opportunity cost of your decisions. +I am looking to build a bulletproof portfolio and I am (not) looking for financial advice. What strategies should I implement if I am looking for a **minimum of 6% yearly yield**. + +Assuming that the stocks I decide to invest in is 50% EFT with an average yield of 3.5-4% and the other 50% is more volatile at an average of 7.5-8% yield, is 6% yield achievable? If it is, what do you keep in mind when you are looking to purchase? + +&#x200B; + +(Some personal questions) + +**Are you a risky investor?** + +&#x200B; + +**Are you more confident in purchasing more volatile stocks (Non-EFT) than you were when you stated trading?** How long do you hold these stocks and why do you sell when/if you sell? + +&#x200B; + +**What portion of your holdings are EFT's and what is the average yield on them? What is the average yield on your more volatile stocks?** + +&#x200B; + +**What is your longest held EFT and why?** + +&#x200B; + +**What is the longest you have gone without analysing a single holding?** (For me, I've held MSFT for over a year, I've looked at the prices but I did not look at any market analysis). + +&#x200B; + +**What is a sector that you don't trust other than REIT?** Does it ever have to do with the company being in a second/third worlds country? + +&#x200B; + +**Are you happy with where you are at with your investment strategies?** + +&#x200B; + +Thanks for the replies, it helps a lot! + +&#x200B; + +Edit: Thanks for the replies all. FYI when I wrote bulletproof it wasn't so much about the stocks or the market because of obvious reason, it was more about the mentality/strategy that will enable me to keep the yield above 6%. +TLDR: media have been spewing shit about gamestop and what is going on. A quick summary of the saga: + +EDIT2- as this post is blowing up - i am makjing a second one right now. will link here: [https://www.reddit.com/r/Superstonk/comments/ruwh47/ape\_historian\_msm\_ultrafud\_part\_2\_a\_deepdive\_into/](https://www.reddit.com/r/Superstonk/comments/ruwh47/ape_historian_msm_ultrafud_part_2_a_deepdive_into/) + +backedup part1 [https://archive.ph/wip/ayNmO](https://archive.ph/wip/ayNmO) and part 2 to [archive.today](https://archive.today) \- [https://archive.ph/wip/GKOUG](https://archive.ph/wip/GKOUG) + +Part 3 to follow. + +part 3 on [fool.com](https://fool.com) vs DD - how their narrative never changed and how they really want you to to forget about gamestop. Such caring news source - they dont want you to lose all your money. + +[https://www.reddit.com/r/Superstonk/comments/ruybb4/ape\_historian\_msm\_ultrafud\_part\_3\_a\_deepdive\_into/](https://www.reddit.com/r/Superstonk/comments/ruybb4/ape_historian_msm_ultrafud_part_3_a_deepdive_into/) + +&#x200B; + +[timeline summary of the saga. -https:\/\/www.reddit.com\/r\/Superstonk\/comments\/ptte1o\/923\_gme\_timeline\_of\_closing\_price\_vs\_date\_we\/ op here.](https://preview.redd.it/gfn1mtxbab981.png?width=9304&format=png&auto=webp&s=bd0ab7c07cbcc36bdedd40e5f8ac68256012650b) + +&#x200B; + +THIS IS my 10th attempt at posting this- i will not post the links to the sauce - i will post them in comments because automod keeps fucking deleting the post. + +hello all, welcome to 2022 + +Before i Continue: let me just very quickly familiarise you (if you are new) with who i am. + +I am a data nerd. a few years ago i really got into data analysis and data science, and started teaching myself everything i could get my hands on. + +Enter the GME saga - its now 1 year since the stonk started to go up. + +In may I "did a thing" (i cant post here because automod and rules)- but feel free to check it out. + +Over the next few months I also continued to track the data in any way i could. + +This post actually summarises in one post how the news have tried to shape the narrative- maybe this would be useful to share with anyone who still thinks that media are reporting the truth, rather than 4000 news articles - yes, over 4000 news articles about M3me stocks and Gme + +if you are interested, there is a wonderful site called [gmetimeline.com](https://gmetimeline.com/) \-which seems to be good up to november of 2021 (and is also backed up by me). + +[https://gmetimeline.com/](https://gmetimeline.com/) \- you can use this site to cross reference what actually happened durign the sam months as the articles were published. Also - [gmedd.com](https://gmedd.com/) \- not mine, and i am still hunting for the owner - so please let me know in comments if you do have him. + +some issues- i found that i dont have all the data that i need for analysis so i am no enriching from other datasets - i will update this analysis as we go. I will not post all 5K + gme articles. i will simply show you how the narrative has changed in the following way: + +1. gamestop is dead +2. retail is at fault +3. retail sold +4. retail moved on +5. hedgies sold +6. fud fud fud +7. chucumbah! +8. oh now its a conspiracy theory. +9. Ah fuck retail sold again. oh and SHFS sold again. +10. and now into 2022 again we start with FUD. + +if you arent aware of it - please check it out -[https://www.reddit.com/r/Superstonk/comments/n8mizw/here\_is\_a\_complete\_compilation\_documenting\_the/](https://www.reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/) + +[https://www.reddit.com/r/Superstonk/comments/mvmd4t/naked\_shorting\_and\_cede\_and\_co\_a\_repost\_of\_my\_old/](https://www.reddit.com/r/Superstonk/comments/mvmd4t/naked_shorting_and_cede_and_co_a_repost_of_my_old/) + +# Part 1- the squeeze and what the media told us as individual investors + +january: + +[https://www.benzinga.com/analyst-ratings/analyst-color/21/01/19261270/citrons-andrew-left-says-gamestop-is-pretty-much-in-terminal-decline#.YAouuGZ2ew0.reddit](https://www.benzinga.com/analyst-ratings/analyst-color/21/01/19261270/citrons-andrew-left-says-gamestop-is-pretty-much-in-terminal-decline#.YAouuGZ2ew0.reddit) + +&#x200B; + +[news story 1-11 january 2021](https://preview.redd.it/bxzsbvzp5b981.png?width=1262&format=png&auto=webp&s=136120ae06bc1957ff82dff80a7e905ec0309242) + +&#x200B; + +&#x200B; + +&#x200B; + +[gme gets stopped. 27 jan 2021.](https://preview.redd.it/82225mmr5b981.png?width=1116&format=png&auto=webp&s=fee18ed044bd1ba9581f56ef53dc34eeac855cb1) + +short squeeze ended: + +# Part 2 - the fud machine - "we print anything but the truth" + +&#x200B; + +[we all moved to silver though. a few days before - this is 3rd feb 2021.](https://preview.redd.it/c6iz2lxa8b981.png?width=1216&format=png&auto=webp&s=c24640dd2b6695a1cdc3bca54592e034d33e0f1c) + +[february - short sqeze is over](https://preview.redd.it/2khccmst5b981.png?width=1309&format=png&auto=webp&s=28d3357b0b438f0b1c21a7732fe394d8d4d1fc49) + +short squeeze was over in feb 2021 folks! + +&#x200B; + +[gme is a trap in march](https://preview.redd.it/1rn0aryw5b981.png?width=421&format=png&auto=webp&s=5986d96c353d89386adf14e0f47e88f1e32015db) + +&#x200B; + +[but clearly we spin a narrative you can make money shorting it - aka if you have longs you are gonna lose.](https://preview.redd.it/vefty9wy5b981.png?width=851&format=png&auto=webp&s=747429f055f25b2f592ed48619c22b1d6eaca8cf) + +and this guy allegedly printed while shorting gme. Bill Gross? hey? + +lets look at other bill gross articles. + +(not in order fyi) + +&#x200B; + +[bill gross post 1](https://preview.redd.it/ivnkiakb6b981.png?width=794&format=png&auto=webp&s=cd7fcba55990b3877157a31b3e052de9dd77e3d1) + +&#x200B; + +[bill gross post 2.](https://preview.redd.it/4msgzd9h6b981.png?width=1243&format=png&auto=webp&s=bc3d5560934cc3eecbd7c57d7c373284bdf3e592) + +# lets get back to the timeline. speaking of timelines. [gmetimeline.com](https://gmetimeline.com) is a pretty good timeline of what actually happened. + +and so is the image below: + +&#x200B; + +[THE timeline of what actually happened - credit to https:\/\/www.reddit.com\/r\/Superstonk\/comments\/ptte1o\/923\_gme\_timeline\_of\_closing\_price\_vs\_date\_we\/ ](https://preview.redd.it/k6ghtm3t6b981.png?width=9304&format=png&auto=webp&s=f5d3cfd6aca45239eccb947634889b2852944864) + +&#x200B; + +in april - the frenzy was over again. AGAIN. + +&#x200B; + +[frenzy was over again in april 2021. when it was trading at what? 100? 150?](https://preview.redd.it/gv82o1317b981.png?width=665&format=png&auto=webp&s=225abf56490a14538644b54fa66dc9073860c97c) + +and then they started recommending other stocks: + +[sauce in comments because automod bans it.](https://preview.redd.it/eax5cip57b981.png?width=1331&format=png&auto=webp&s=5f3a50de741cebf1a7fd190e47b1b8d636510fef) + +# but wait this doesnt make sense right? if melvin really covered, and all dd is wrong. then that means that retail sold all and moved to silver (remember that)? + +&#x200B; + +[so apparently 200$ is nothign to get excited about. -april19th.](https://preview.redd.it/z7zbkk3e7b981.png?width=1206&format=png&auto=webp&s=ea7515edaf8169302bf44aa9b6e08573aad39bba) + +april 19 2021. + +may came and the narrative changed- STICKY FLOOR IS BETTER OR ANYTHING IS BETTER THAN ONE FUCKING STOCK. why are they this interested in this one dying stock? + +&#x200B; + +[then the narrative changes - all is better except gamestop- again. again. yet retail sold it all anyway and so did hedge funds, right? may 27th 2021](https://preview.redd.it/enums1ph7b981.png?width=1094&format=png&auto=webp&s=ec9a5ba1b7bf0eb089c8a3cf92a552d373878eeb) + +&#x200B; + +I wont post anymore otherwise this will be one long fucking post. but then something happened. THE DD uncovered something. it was first [/u/atobitt](https://www.reddit.com/u/atobitt/) and others (hope you are doing fine buddy). + +this was posted between april -may time in 2021: + +[https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/) + +[https://smithonstocks.com/part-2-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-conventional-wisdom-on-how-illegal-short-sales-are-executed/](https://smithonstocks.com/part-2-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-conventional-wisdom-on-how-illegal-short-sales-are-executed/) + +[https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/](https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/) + +[https://smithonstocks.com/part-4-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-who-are-the-key-players/](https://smithonstocks.com/part-4-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-who-are-the-key-players/) + +[https://smithonstocks.com/part-5-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-traditional-shorting-compared-to-naked-shorting-both-legal-and-illegal/](https://smithonstocks.com/part-5-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-traditional-shorting-compared-to-naked-shorting-both-legal-and-illegal/) + +[https://smithonstocks.com/part-6-illegal-naked-shorting-the-secs-regulation-sho-is-intended-to-prevent-illegal-naked-shorting-but-is-ineffective/](https://smithonstocks.com/part-6-illegal-naked-shorting-the-secs-regulation-sho-is-intended-to-prevent-illegal-naked-shorting-but-is-ineffective/) + +[https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) + +[https://smithonstocks.com/part-8-illegal-naked-shorting-series-who-or-what-is-cede-and-what-role-does-cede-play-in-the-trading-of-stocks/](https://smithonstocks.com/part-8-illegal-naked-shorting-series-who-or-what-is-cede-and-what-role-does-cede-play-in-the-trading-of-stocks/) + +[https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-the-risk-reward-of-shorting-versus-buying-stocks-is-extremely-unfavorable/](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-the-risk-reward-of-shorting-versus-buying-stocks-is-extremely-unfavorable/) + +[https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-legal-shorting-of-stocks-is-a-losers-game-but-illegal-naked-shorting-transforms-it-into-a-winners-game/](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-legal-shorting-of-stocks-is-a-losers-game-but-illegal-naked-shorting-transforms-it-into-a-winners-game/) + +and of course the atobitt DD here and others: I cant find the atobitt CEDE and co post - can someone post it in the comments. + +[https://www.reddit.com/r/Superstonk/comments/qs8lgx/i\_met\_an\_american\_professor\_of\_finance/](https://www.reddit.com/r/Superstonk/comments/qs8lgx/i_met_an_american_professor_of_finance/) + +[https://www.reddit.com/r/Superstonk/comments/mvvspq/cede\_co\_the\_secret\_trilliondollar\_company\_that/](https://www.reddit.com/r/Superstonk/comments/mvvspq/cede_co_the_secret_trilliondollar_company_that/) + +[https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking\_goldman\_sachs\_co\_fail\_to\_reconstruct\_at/](https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking_goldman_sachs_co_fail_to_reconstruct_at/) + +i kinda skipped until october because otherwise we would be here forever. + +# octobrrrrrr!Part 3- "fuck! they found out about CEDE & co and DRS - ok - we change the narrative. + +&#x200B; + +[the drs narrative changes. this was october.](https://preview.redd.it/diqn0g8t7b981.png?width=796&format=png&auto=webp&s=4d1558269b67b6655f77c1ba45544ca3eec729d7) + +but first + +&#x200B; + +[Chucumba is at it again- sell first, ask questions later - didnt we see this before? oh yeah - scroll up.](https://preview.redd.it/cqoj7dwv7b981.png?width=1455&format=png&auto=webp&s=889b4fe8236680de8065e7a3903b348bf62daba3) + +&#x200B; + +# so in october they changed the narrative again. lets keep track. + +1. gamestop is dead +2. shorts covered +3. hedgies sold +4. retail moved to silver +5. its all fud and fake. there is no more gme upside +6. oh fuck no - drs is a risky bet. how do we convince these "retards" this is wrong- spread fud. + +# lets continue + +I gotta give good vibes to one post: [https://upsidechronicles.com/2021/12/11/gamestop-and-the-great-direct-registration-experiment/](https://upsidechronicles.com/2021/12/11/gamestop-and-the-great-direct-registration-experiment/) + +&#x200B; + +[one of the few posts that actually took the time to research whats going on.](https://preview.redd.it/drlw7nvg8b981.png?width=1315&format=png&auto=webp&s=ab400eed1b10e40809a448e661773dd1efd325cd) + +december 2021- upside chronicles actually wrote a reasonable post. + +but then it got flooded with FUD from msm: + +&#x200B; + +[anti drs fud 1](https://preview.redd.it/wffpp9oj8b981.png?width=1540&format=png&auto=webp&s=075bc8c5975ff6644909c407b8f3d8ea5c9132bf) + +&#x200B; + +[anti drs fud 2](https://preview.redd.it/99d2nssk8b981.png?width=1518&format=png&auto=webp&s=81183ad4e0252081ba6f0d4d73b18f67531c385e) + +# december 2021- look how the narrative tries to portray us as the crazy ones and that brokerages are fine - well maybe for some things they are. but not for stocks and not all fucking brokerages - ie robingdahood. + +&#x200B; + +[but experts warn against DRS right? right?](https://preview.redd.it/gbnmfudq8b981.png?width=1246&format=png&auto=webp&s=d2c04b050151000a5411ba76b3ded699be5edec1) + +and yet again - more fud to spread false info. "STOCK BROKERS WARN AGAINST DIRECT REGISTRATION" - why? why are stock brokers suddenly so fucking interestd where my money is - they make money if i lose money right? + +# Part 4-We are here - the fud has already started and its not even 96 hours after the new year. + +i thoguht there was no fud. + +but i actually found plenty in the last 3 weeks: + +I think this part is getting me deleted so ill post this in the comments: but here is at least one post: + +[https://www.reddit.com/r/Superstonk/comments/ru5zat/1st\_motley\_fool\_article\_for\_2022\_3\_reasons\_to/](https://www.reddit.com/r/Superstonk/comments/ru5zat/1st_motley_fool_article_for_2022_3_reasons_to/) + +and many others -will be in comments + +# May i remind you what DD we had in the last 4 weeks? + +[https://www.reddit.com/r/Superstonk/comments/rssl02/i\_have\_been\_asked\_to\_repost\_my\_dd\_from\_7\_months/](https://www.reddit.com/r/Superstonk/comments/rssl02/i_have_been_asked_to_repost_my_dd_from_7_months/) + +[https://www.reddit.com/r/Superstonk/comments/rs7idl/new\_dd\_dec\_31\_libor\_changes\_to\_sofr\_what\_does/](https://www.reddit.com/r/Superstonk/comments/rs7idl/new_dd_dec_31_libor_changes_to_sofr_what_does/) + +[https://www.reddit.com/r/Superstonk/comments/rs2qso/the\_pandemic\_is\_not\_to\_blame\_for\_the\_extreme/](https://www.reddit.com/r/Superstonk/comments/rs2qso/the_pandemic_is_not_to_blame_for_the_extreme/) + +[https://www.reddit.com/r/Superstonk/comments/rr8dfg/the\_big\_short\_remixed\_a\_summary\_of\_my\_dds\_on\_auto/](https://www.reddit.com/r/Superstonk/comments/rr8dfg/the_big_short_remixed_a_summary_of_my_dds_on_auto/) + +[https://www.reddit.com/r/Superstonk/comments/rqpup4/the\_big\_short\_again\_the\_auto\_loan\_asset\_backed/](https://www.reddit.com/r/Superstonk/comments/rqpup4/the_big_short_again_the_auto_loan_asset_backed/) + +[https://www.reddit.com/r/Superstonk/comments/rqmdyc/lets\_talk\_about\_nfts\_daos\_web3\_and\_the\_metaverse/](https://www.reddit.com/r/Superstonk/comments/rqmdyc/lets_talk_about_nfts_daos_web3_and_the_metaverse/) + +[https://www.reddit.com/r/Superstonk/comments/rqle93/the\_big\_short\_again\_auto\_loans\_bubble\_edition/](https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/) + +I hope this is useful. in part 2 we will be doing a better deepdive. Oh and if you want those posts and links - i will be making them available. + +ape historian, destroyer of free disk space. +GME has told everyone today that they want us to use any GME gift cards we have. Their financial quarter ends 1/31, just two weeks away. + +***“Your friendly reminder to spend that gift card you got for the holidays. It's not going to spend itself. bit.ly/3zLSaR4 “*** +-GameStop, 1/15/22 + +Sauce: https://twitter.com/gamestop/status/1482382275727740935?s=21 + +It appears that gift cards don’t count as revenue until they’re used. (See https://www.complianceweek.com/accounting-and-auditing/new-rules-accelerate-recognition-of-unredeemed-gift-cards/2377.article) + +So, what’s an easy thing to do to help your favorite tech company? + +Go use your gift cards on GME purchases before 1/31 if you want the gift cards to help GME in its current quarter. If you don’t have GME gift cards laying around, you can help GME by encouraging those who may still have gift cards to go use them. + +🚀🚀🚀🚀🚀 + +Edit: + +TLDR:There’s going to be a lot of scrutiny regarding their Q4 sales (which ends 1/31). GME tweeted today for everyone to spend their gift cards. Gift cards don’t hit GME’s financials in a positive way until they are spent. +It has possibly the worst execution, each trade goes through a human approval/execution. This morning I noticed none of my limit orders were going through, even when it was well above the ask. I switched to market(really dangerous idea) and the order stayed there for almost 3 minutes before I chose to cancel it. Stay away from BMO if you want good execution! +Boys, Girls, Apes & Apettes... + +I've been psychologically fucked since january due to our beloved GME. The ups and downs has been something like i've never seen before (donald trump voice), the sheer amount of manipulation, injustice, series of events, hope, etc.. it's a lot to take in. + +I do believe we're in End Game now. The level of energy since last night has not been seen since the beginning of this saga. + +**I would just like to remind the apes that despite we can smell the tendies and start feeling light as if we're exiting gravity, this would be the time for shorts to do something fucking insane to kill morale.** + +I'm seeing a lot of posts as if we've already won... Apes, we've now entered the real battle. + +Don't rejoice until those tendies are sitting in your account, it'll save you psychological & emotional fuckery. + +Trust me, i thought i was immune to it after the first time around in January, until it happens again. + +We've got them by the balls... Love you all, it's been a pleasure to experience all of this with the most solid community in history. + +**TO THE FUCKING MOON.** +What many ICO-scammers don't want you to know is that developing a decentralized app is far cheaper than your average app. + +All the database and server maintenance is handled by the ETH blockchain developers and nodes. + +The DApp developer only has to come up with the contract logic. And web design is cheap. + +In fact, before the ICO craze starting in late 2016 many DApps were being created for free. + +E.g. EtherOpt (decentralized options exchange) + +So when someone tells you that they need more than $100k for their DApp, just know that they are taking advantage of your ignorance of the true cost of developing a DApp. + +Which is almost zero for even a mediocre developer. +Noob here. + +Watching BTC fly passed every 1k milestone possible this week. Somehow we are stuck and going down. How is it not impacting us here at all? The charts were essentially a mirror the other week. But they are completely different patterns now. What gives? + +I bought in at 470 and could’ve bought BTC for 9k but elected to wait. Feels like he worst choice ever now. +Hey! Asked on r/trading but I think I'll get better answers here. Basically I was just interested in ANY and all strategies that have previously been used by firms. + +What is the "magic" ? - without being able to understand it of course. Simple strats that have been crafted for near perfect entries and exits? Or build from the ground up on 100% custom in shop strats. + +I'm not looking to copy either as if they worked everyone would be using it, and if everyone used it, it wouldn't work! + +Thanks! +I'm curious about the frequency of your trades being executed per day/week/month. It probably pretty much depends on the asset being traded and the fees involved. + +For my part I'm running an algo that trades cryptocurrency and does hundreds of trades per day since a couple of weeks. The fees are a percentage of the traded amount everytime so it does not really matter I believe (or does it)? Also another concern is the taxation of those many trades since taxation software has limits (if you don't go with the super premium commercial edition - open for any tips here as well!). My optimization efforts will therefore go into direction of reducing the amount trades being executed. Just wanted to get a better feeling of how you handle this. Thank you, 26oclock +Hey! Asked on r/trading but I think I'll get better answers here. Basically I was just interested in ANY and all strategies that have previously been used by firms. + +What is the "magic" ? - without being able to understand it of course. Simple strats that have been crafted for near perfect entries and exits? Or build from the ground up on 100% custom in shop strats. + +I'm not looking to copy either as if they worked everyone would be using it, and if everyone used it, it wouldn't work! + +Thanks! +Hi UKPF! + +Currently renting, couple in their 30s with 2 children under 3. + +So I know the answer is generally “only buy if you’re planning to stay for 3-5 years”, this is what I’ve read. + +However I live in Cambridge and the rent is EXTORTIONATE. We are currently paying 1.5k plus very expensive bills (old building so poor efficiency). On my part time salary and my husband’s, this leaves us little room for savings. + +We need to live in Cambridge as we are relying on my parents for childcare (which is saving us a lot of money). + +We are seriously outgrowing this 1 bed flat (it’s advertised as a 2 bed, but the 2nd bedroom is not fit for purpose) and my husband is really, really keen to buy a house so we can at least start building some equity. + +The issue we have here is that my husband is currently in a training post and will be moving in 2 years time. This could be anywhere in the country and we would have to follow him. He will find out in 1.5 years and accounting for time in the market I think we’d be looking to move in 2 years. + +Renting out the house would be another option but I’m not keen on it. Renting isn’t as good as it used to be and I’d rather have the money to put into the second house and not stretch us financially when it’s empty. + +Now, we are first time buyers and have managed to find a small 2 bed home under 450k which is pretty good around here. This means we could use money saved in our LISAs (we are looking at the penalty and losing several K otherwise) and get some stamp duty relief. + +I’ve done the calculations and if we continued to rent for 2 years we are looking at a loss of over 40k. + +However, buying would, if the house did not appreciate in value, lead to a loss of around 20k. This is accounting for mortgage interest, buying and selling fees, stamp duty, legal fees etc etc. + +So financially it seems to make sense. The only real issue I can think of is losing FTB status, and the fact that the house is quite small for an expanding family. As well as the stresses associating with buying and selling. + +I haven’t seen it advised to buy for such a short period anywhere but considering the rent is so high here, is there something I’m missing? + +Thank you! +https://wegotthiscovered.com/celebrities/gamers-set-their-faces-to-stunned-as-william-shatner-goes-to-bat-for-nfts/ + +This is just tinfoil but I think the reason that he is suddenly speaking about and endorsing NFT’s for gaming purposes is for one simple reason,,, he’s going to be the spokesperson for the NFT marketplace or maybe even GMERICA! + +Think about it, RC could not have picked a better person for the job. Here’s a list of reasons why and I’m sure you beauties will be able to add more! + +1. He’s loved globally. People can relate and gravitate towards someone like him. I see him as someone trustable. + +2. He’s got the connection to the whole outer space thing and has even been there. Sure fits in the all the spaceships and rockets we’ve been seeing the past two years. + +3. He’s easily recognizable. There’s few people on this planet that don’t know know who he is. + +4. Trekkies will follow him anywhere and the Star Wars crowd will follow them just to see what’s up. + +I can’t think of a better person to represent this new marketplace. + +Either way buy, hold , DRS! +I paid $1,500/year for my insurance before making two mold claims (in the same year). There was a $10k cap per year on mold, and a $2k deductible ($1k per claim), so insurance paid out about $8k on the claims. + +This year, my premium went up $700 as a result of the two claims. If this were car insurance, I would understand - it's assumed that my actions predicated the claims and I would be in a higher risk pool, but I don't see how a claim would affect the premium on my **homeowner's** policy? + +So with the $700/month increase, the claim washes out in like 10 years. So, effectively, I just took out a 10 year loan to fix my mold. How has having insurance benefit me here? If they just increase my premium after a claim to make their money back, what's the purpose of the $1500 premium I *already* pay yearly? +Hi all, + +Both wife and I are coming into well paying new grad jobs, and although things are fine, we are spending wayyy too much money on things we shouldn't be. Just because amazon purchases of $50-100, starbucks all the time, always spending money doing "things" on the weekend when there are plenty of alternatives that don't require money. We both have ADD/ADHD and are finding it extremely difficult to be mindful of this issue. I take the lead on finances in the household and I'm really struggling here. + +Does anyone have any advice to offer? I really don't know what to do beyond try harder to record transactions, follow our "rules", and maybe set up auto reminders to ourselves? We keep saying we are going to do better and we never do? Anyone have any wisdom to share... + +***Edit 1: Thank You!*** *Wow. Yall are awesome. I will absolutely try to write back to as many of you as I can when possible. Thank you all so much for your time, encouragement, and suggestions. I truly appreciate it so much. All of these comments will be extremely valuable to my wife and I to say the least. They give us hope! Maybe I'll make a list with the best ideas for all of our use due to the visibility this is getting. Thanks again everyone!* + +***Edit 2: Regarding ADD & Financial Discipline.*** *Just to be clear, I have tried many things to get my habitual and mindless spending under control and yet I fail every time. I don't want to make excuses, but, it's a fact of life at random times my extremely debilitating ADHD & GAD will end any discipline and willpower I have. What does this mean? At times, I can't even muster up the strength to pay a bill I know is due, keep up with personal hygiene, or do anything not "easy enough" in the moment, yet, somehow professionally, I'm still a successful (enough) IT Project Manager. That's why only very select habits/methods work for me across different areas of life. I usually find most effective: complete routine changes (think cash vs debit), simple enough to manage preplanned habits (think 30 mins or less 1 specific day of week), or visual cues (to trigger mindfulness). Please don't make excuses for me, but please try to be understanding as well.* +Long story short: I moved out. Landlord said everything was all good. Emailed me saying she has financial troubles and can't get the deposit to me in time. I agree to giving her extra time. That time passes, still no money. I open a small claims case. She stopped responding to my emails and has changed numbers. She never appeared at court, so I won. She legally owes me $1400, but can't be reached. + +To me, I have just lost $1400 + $350 in court fees, with no way of getting it back. Is there some way to get this money back through a tax write off? +Title. + +I literally have about $300 in savings. I pay $1,500 a month in rent, though I anticipate that this will go up to around $1,800 or so in the next few months as I'll need to move and rent is going up post-COVID - Unfortunately I work fully remote, so a 2 bedroom apartment is non-negotiable here. I do not own a car but would also like a parking space for when I eventually decide to buy one. + +**Things I'm doing to prepare** + +I've been looking at some channels on YouTube that recommend a 50/30/20 approach (Needs/Wants/Savings). + +As such I'm thinking of setting up 4 main accounts: + +1. A difficult-to-access hub account that automatically distributes my salary each month to the following.. +2. A spendings account +3. A savings account +4. A "needs" account for things like rent + +I plan on a weekly transfer of around $500 to my spendings account from the hub account as my "wants" to avoid overspending and because I think I'll find budgeting on a week-to-week basis much easier. + +An immediate transfer of rent into the needs account. **I'm not sure whether I should separate the rent account from other needs like groceries, bills, etc** \- as I can technically survive without hot water or on ramen noodles for a month in the event of a disaster, but I can absolutely not survive without a roof over my head. Advice here is also much appreciated. + +I also want to set up an immediate transfer of 20% of my monthly salary into savings. + +All of these calculations are to be done **after** I've made my super/pension contributions, which I'll put at around 10-15%. So I won't ever count that as part of my salary. + +This is the first time in my life actually budgeting at this rate but I've realised if I keep living they way I do, I'll end up broke at retirement age which has terrified me. + +Any advice, or thoughts on my plan, is much appreciated! +Well, it seems my casual life is taking quite the turn. After being denied to be taken to get my license since 16, had one summer job before, and not much experience on living on my own, I'm being kicked out of my house because my Dad found out I'm gay and he's a hardcore Catholic. He told me I have a week to pack up my things and get them out of the house, and he's cancelling my phone the day I move out. + +So, currently what I can bring to the real world is a high school diploma (graduated with honors, 3.8GPA, with an honors diploma), a little over ~$3k saved up in my account which I'm unsure of how to even access or how to get a bank card, a $750 scholarship to my local community college(Which I again have no clue how to access), and I have many friends who are willing to support me while I get my life together. + +Any and all tips would be greatly appreciated on how to get my life together as quickly as possible in hopes that I can attend college in a month as I begin my quest for a four year degree. + +EDIT: I fell asleep last night and woke up to my Dad in my room. Turns out he is a Redditor and saw my post, *and* all of your replies and great advice. He sat down and talked to me about a lot of things and told me he's proud how fast I was ready to be independent. He told me he really looks down on the fact that I am gay, but he overreacted. He said as long as I don't bring guys home, I'm welcome to stay longer and get what I need done before I move out. I've basically been crying for two hours now because he has never said he's proud of me before. + +Thank you all for your great advice, teaching me everything I need to live on my own, and showing my Dad that he was overreacting. Thank you for your offers of places to stay, I really cannot believe how kind you've all been, taking time to give me advice and help in every way you can. You're all truly wonderful people and I hope you all find what you're looking for in life. + +EDIT2: So this sort of exploded more than I thought it would. I've spent the day filling out applications and reading through everyone's advice and I cannot thank you all enough for it. I've received messages offering me places to stay, numbers to call if I need to talk to someone, moral support, it's all so much and I appreciate it all. + +For those of you talking down on my Dad, both ITT and through messages, it's easy to talk down on him when you only know what I told you about him. He's a single father, who taught me a lot of great things. Helped me with school, took me on vacations, and was always there to help. Though he made a truly asinine, split-second decision and I think he's an asshole for it, he's still my Dad and I love him. + +Once more, thank you all for the amazing help you've given to me in my time of need. If I am ever put back into a similar situation, I will definitely return to this thread. +I heard this argument and it immediately sounded completely wrong. The idea that those are not positive in terms of taxes and benefits (well over half of people in the US and UK economy I believe) are not beneficial to the economy for me seems to conflate the idea that the government budget = the economy. + +I thought, what if many of these people stopped receiving these benefits? People may become sick, hungry, homeless, infrastructure may worsen and generally economic productivity and quality of life would fall. + +So it seems to me that even though an individual may receive more in benefits than they pay in taxes, this calculation does not consider the value of what they produce not for the government but for the rest of the economy. So it seems that these benefits/welfare provided by the government can actually produce a net boost to the overall economy, whilst not directly to the government budget. + +Is this analysis correct? Any clarification is appreciated +At least in the United States, it seems like the cost of housing, healthcare, education, and even food is increasing faster than overall inflation. How can several of the largest expenses for most households increase faster than overall inflation? Wouldn't the overall inflation rate reflect price increases for things like housing and healthcare? If it doesn't, then are economists even measuring inflation correctly? +Got redirected here from r/explainlikeimfive, + +By far most places in the world set some kind of minimum wage and there seems to be a lot of discussion on it, but idk where to start entering the discussion on this. I never thought about or questioned minimum wage myself, until I learned that some US states do not enforce any minimum wage? + +So why would any government enforce a minimum wage, when it's usually not enough to pay for living expenses - and why would any government choose not to enforce a minimum wage? +If someone is willing to trade me a $300 washing machine for $100 worth of soy beans, how is that not a good deal. I would be running a trade deficit with them of $200 right? Put another way, I got a washing machine at 1/3 the price. +Hello, + +I remember hearing that birthrates decline as a country becomes more developed (unfortunately I don't recall the source). If this is true would we expect to see this as an inverse relationship with birthrates and real GDP? + +Thanks everyone +A discovery of Milton Friedman was that “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output" and that trade unions, mass psychology, and other factors do not affect inflation. How could this be true, though? Certainly, herd psychology, government regulations, fiscal policy, and other factors can cause inflation, right? +Hi all, + +I was reading an article in the Times yesterday titled “Britain left behind as growth slows”, link here (paywall): https://www.thetimes.co.uk/edition/business/britain-left-behind-as-growth-slows-wxc0js2cs + +At the end of the article it notes that the US is projected to have 2.9% growth this year but then curiously follows up with: + +“However, US debt markets are flashing a warning signal that the 10-year expansion of the world’s biggest economy could be losing steam + +The gap between yields on 10-year and 2-year government bonds has shrunk to its lowest since the financial crisis. An “inverted yield curve” — when it is cheaper for the government to borrow over 10 years rather than two — has foreshadowed all nine US recessions since 1955” + +So my question is: have there been examples of an inverted yield curve, as mentioned above, without the US heading to recession? + +The article only mentions that it has foreshadowed all 9 US recessions since 1955, but doesn’t give any context on whether this has happened without a recession + +Mississippi's GDP per capita is almost as high as France and South Korea and Massachusetts's GDP per capita is double of Germany, and quite a bit higher than Norway. +Although the demand for footballers is fairly price inelastic I can’t seem to get my head around why they cost so much money. For example Neymar, a Brazilian footballer, moved from Barcelona FC to PSG (French football club) for a whopping fee of nearly £200 million pounds. +I’m starting to learn more about options however i’m confused on why traders would day trade options over shares. I know that the price movement of an option relies on the underlying stock it’s attached too. + +So why would someone prefer to trade options instead of the actual stock? Are there less risks, higher payouts, easier? Just confused on what people get out of trading one over the other. + +Would appreciate any response thanks. +I understand the market is currently having a flash crash, but as Bitcoin falls. shouldnt ETH and LTC be "a safe haven" for people who no longer believe in the outdated tech of Bitcoin? Can anyone ELI5 why ETH and LTC seems to be pegged to Bitcoin when you can buy ETH and LTC with fiat? Hence it makes no sense that prices of ETH and LTC should drop along side with Bitcoin. +A lot of people are freaking out and rightfully so as this is the first bear market for many investors. Reminder, time is on your side. Time in the market is more important than timing the market. + +https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ +Every Sunday night I feel like a kid on Christmas Eve. Mornings never used to be my thing and Sundays used to scare me to death. I can finally no longer relate to the people fearing Mondays. Anybody else feel like this? + +Lets make some money this week. +**TL;DR: HFs are naked shorting GME over and over. They are failing to deliver, which forces the NSCC to borrow shares from other participants to ensure the trade is completed by T+3. This is why you see shares disappear each day. It's not HFs, it's the NSCC borrowing them to ensure the trade is completed for buyers.** + +**The HFs are forcing the NSCC to borrow the shares to complete the trades and this is why the borrow rate is so low.** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +Well I say. Some of the DD out there is getting real wrinkly and I'm starting to think people are losing track of what's going on. I will not be going into options (yet). I'd love for Queen Kong to review this and make sure I got it right...so get her here! + +THIS IS A BIG OL READ BUT IT'S APED DOWN. It's easily digestible for even the smoothest. + +&#x200B; + +**So I'm here to ape it all down for you. I'm going to try to explain the following:** + +&#x200B; + +* Naked shorting +* What a failure to deliver is +* What a failure to receive (FTR) is. *(oooooh that's a new one)* +* Why shares are being borrowed every day. +* What it means for GME + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Shorting vs naked shorting + +Okay. So by now you should know what shorting is, but here is the actual process. + +**Traditional short selling (** ***I will be the short seller here)*** + +&#x200B; + +* I borrow a stock from a broker/institutional investor. + +&#x200B; + +* I immediately sell the stock, in the hopes to buy back later on when the price has dropped. + +&#x200B; + +* **When I sell the stock, the proceeds of the sale goes back to the lender I borrowed from, (with a few percent more) as collateral.** + +&#x200B; + +* The lender then usually invests this collateral to earn some extra bucks on the side. + +&#x200B; + +* If the price has dropped, the short seller buys back the stock and returns it to the lender. + +&#x200B; + +* If the price rises? The lender requires the short seller to increase the amount of money in their account. This is usually in line with the price of the stock, so that the lender has enough from the borrower to buy back the stock on the open market. + +&#x200B; + +&#x200B; + +What happens if the borrower doesn't have enough in the account to buy back all the shares they borrowed on the open market? + +**MARGIN CALL.** This is where the lender uses that collateral money to buy back the stock that was borrowed. + +&#x200B; + +**Okay...so short selling explained. Though what about naked shorting?....** + +&#x200B; + +&#x200B; + +# Naked shorting + +&#x200B; + +This is a different beast altogether because I would not be ACTUALLY borrowing the stock. I'm not paying fees or any of that nonsense. When stocks are hard to borrow, I can engage in a 'naked' short. + +I can sell a stock I don't have, with the promise on delivering said stock to the buyer by the settlement date. *(That's all these T+ numbers you keep seeing about.)* + +If I don't get you that stock by then? **It's a failure to deliver (FTD).** + +*In such cases naked short selling, then failing to deliver is economically equivalent to borrowing shares at a zero-fee zero-rebate equity loan plus the expected cost of being forced to buy back the stock and deliver it (a process called “buying-in”). In difficult-to-borrow stocks, this amount can be less than the cost of borrowing.* + +&#x200B; + +**So sometimes... it's actually cheaper for it to be done this way. Crazy right!!** + +Because naked short sellers do not borrow the stock they can theoretically sell an unlimited volume of stock into the market, driving down a share price. Traditional short sellers, on the other hand, are limited by the amount of stock they can locate to borrow, which can become limiting as the level of short interest becomes large. + +&#x200B; + +**OKAY. You know about the two types of short selling, but all this isn't done over the phone with boardroom discussions. This is all done electronically through the DTC and NSCC. I'm sure you've heard of those names a few times... Let's see how the above works in reality....** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# The DTCC, DTC & NSCC; How do these people operate? + +&#x200B; + +The DTCC is the big boy. These are responsible for providing clearing, settlement and information services for equities and other securities traded on US financial markets. One of its key roles is to reduce counterparty risk by guaranteeing obligations will be fulfilled. + +&#x200B; + +*Getting wrinkly yet?* + +&#x200B; + +There are two subsidiaries of the DTCC; The DTC and the NSCC. + +&#x200B; + +* The NSCC: These are the peeps that make sure everything clears all good and well and make sure everything is settled by the dates it should be. They also streamline the entire process by netting. They figure out everything I owe you and everything you owe me and boil it down to a single payment. + +*it doesn't actually go down to a single payment but you get the point. It reduces the constant back and forth of payments and securities exchanged.* + +&#x200B; + +* The DTC: Now these peeps are responsible for transferring stock ownership, usually by making electronic book-entry changes, to reflect NSCC's net settlements as well as transferring money between participants (brokers and broker-dealers) + +&#x200B; + +**The NSCC says Person A owes Person B $100, because they bought 100 shares. They make sure Person A coughs up the money and Person B provides the shares.** + +**The DTC is the bookkeeper. They make the actual transfer from each account to reflect what the NSCC is showing.** + +&#x200B; + +The DTC has some cash in the bank. Usually a few billion dollars for in case someone is naughty and can't settle their trade. This consists of: + +&#x200B; + +* a 'participants fund, A pot of cash that everyone contributes to +* A line of credit, Just an amount they can borrow from the bank + +The NSCC also has a participant Fund that it holds as collateral to cover losses from participant defaults. This serves as a form of mutualized default risk-sharing + +&#x200B; + +**I hope you're still with me...** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# How do trades settle and what happens when it goes wrong? + +Okay so there's a lot to unwrap here. I'll try and only keep the essential information to provide understanding. + +&#x200B; + +Stocks go back and forth everyday. (wow that's easy). + +For a trade that is executed on day T, NSCC’s guarantee of settlement begins midnight between T+1 and T+2, at which time NSCC steps in the middle of the trade and assumes the role of counterparty for both the buyer and seller. + +NSCC multilaterally nets trades by stock and on T+2 notifies participants of their net positions in each stock (net long or net short) due to be settled, as well as summaries of all their trades.. + +&#x200B; + +**So they get the info on what needs to go where and a couple days later, let everyone know who owes what to who.** + +&#x200B; + +Now this bits important. + +The NSCC has essentially become the middle man. Due to the couple days delay, you might as well think of it as: + +&#x200B; + +* If you're short a stock - you owe the NSCC +* If you're long a stock - you're OWED by the NSCC + +&#x200B; + +On the third business day following the trade (T+3) instructions are sent to the DTC containing net securities positions to be settled, and the DTC makes the transfers of stock and cash. + +To keep the next bit short (pun intended), there's an algorithm that decides who gets shares that are owed based on age of trade and blah blah blah. There's a process. The algo sends the info to the DTC and they transfer the stocks.. but what about the cash? + +&#x200B; + +The cash isn't transferred at the same time. This is done later on in the day and is done through the Federal Reserve’s money transfer system (Fedwire). The transfers occur between DTC’s account at the Federal Reserve Bank of New York and the participants’ settling banks. + +If no participants fail to deliver on their short positions, i.e., the DTC is able to transfer all the stock owed by participants to the NSCC account, then everything is hunky dory and tomorrow is another day! + +&#x200B; + +**YAY! We just learned how trades are cleared. It sounds great right? When it all works good...but what happens when it goes bad?** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# When an FTD occurs + +Well what happens when a participant doesn't deliver their side of the deal? **Remember...this stock is owed to the NSCC at the moment.** + +The position is called an FTD and the short position remains open. + +So when the NSCC add up all the stock they're owed for the day vs what they have to give back out...there's a difference. That means that people that are long may not be delivered the shares. + +If they don't get their shares, they instead get an FTR (Failure to receive). This is essentially a glorified IOU from the NSCC saying I'll get you your stock. + +&#x200B; + +An FTD - A short seller owes the NSCC some shares + +An FTR - The NSCC owes some shares to the long holders + +&#x200B; + +Dividends are automatically debited from participants with FTD positions and credited to those with FTR positions. *(Make sense now?*) + +However shareholder voting rights are distorted because FTR holders (participants with stock IOUs from the NSCC) do not receive the usual voting rights that they would have, had the stock been delivered. **They are also unable to lend the stock until they actually receive it.** + +&#x200B; + +**IT GETS BETTER. NOONE HAS ANY IDEA IF THEY HOLD A REAL SHARE OR AN FTR FROM THE NSCC.** + +So you sell your share? (paper handed bitch). You just sell your IOU but due to the algorithm, the buyer might actually get a real share. What a lottery eh! + +&#x200B; + +When a participant receives an FTR (the IOU from the NSCC) cash is still debited from their account even though they have not yet received the stock. However, instead of being paid to the participant with the FTD, it is held by the NSCC as collateral until such time as the stock is delivered and the FTD is cancelled. + +The amount of cash collateral held is not the cash value of the stock bought/sold but, rather, is the marked-to-market value of the stock, reset daily with cash adjustments. The cash adjustments are made from the money settlement account of the participant that failed to deliver the stock. + +&#x200B; + +**Could this explain why they get scared of certain numbers? The cash adjustments of collateral are automatically taken from the short sellers account to account for the rise in share price. If they go to take some money out the account and there isn't enough....MARGIN CALL BABY!** + +&#x200B; + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +# Why are so many shares borrowed each day? + +&#x200B; + +Now that is a good question. You all ask THEY'RE USING THEM TO SHORT! AHHHHH. Well not exactly...(I believe) + +**The Stock Borrow Program** + +A mechanism the NSCC has in place to reduce the number of FTRs (but does not reduce FTDs) is the Stock Borrow Program. Under this program participants are able to lend excess stock in their DTC accounts to the NSCC, so that the NSCC can satisfy delivery requirements not filled via normal deliveries. + +&#x200B; + +**Those borrowed shares? Yup. I see it as the NSCC taking them to cover for all the FTDs. You buy a naked short? Well the shorter doesn't deliver and now the NSCC has to borrow the stock to make sure you get it on time. This is happening DAILY.** + +Each day, participants submit a list of stocks they own that they would like to have participate in the Stock Borrow Program. Once the NSCC determines the open long positions (stock it owes participants) that are due to become FTRs, it attempts to satisfy these obligations by borrowing from participants in the Stock Borrow Program. + +&#x200B; + +When the NSCC borrows stock from a participant, it credits the participant’s money settlement account with the marked-to-market value of the borrowed stock. Recall this is the same as the collateral held from the participant that failed to deliver the stock. So effectively the NSCC is simply acting as a facilitator of lending between the participant failing to deliver and the participant lending their stock. + +Although the NSCC states that the purpose of the Stock Borrow Program is to cover temporary shortfalls in CNS (continuous net settlement), there is no time limit on how long NSCC may borrow stock from its participants. + +**The short sellers keep making FTDs and the NSCC is borrowing the shares to make sure they're delivered. This doesn't let the short sellers off the hook though....** + +**THEY ARE STILL REQUIRED TO SETTLE THE FTDS** + +&#x200B; + +For FTDs caused by naked short selling, the Stock Borrow Program is equivalent to the naked short seller borrowing stock from the Stock Borrow Program participants (at a zero-fee zero-rebate loan) and short selling the stock to the participants that would have received FTRs in the absence of the Stock Borrow Program. + +&#x200B; + +**So instead of the HFs having to borrow stock normally and pay a load of fees - they just naked short it because they know the NSCC will borrow it for them and deliver it. The naked shorters are effectively forcing the NSCC to rehypothecate to ensure the system doesn't go bang. Now I can see why they might wanna close that loophole.** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# How much is it costing them to do this? + +While the open FTD and FTR position lasts, this arrangement is effectively aninvoluntary zero-fee zero-rebate equity loan from the buyer to the seller. + +If a naked short seller is forced to buy-in, then in order to maintain a short position they mustbuy the stock, deliver it to the initial counterparty and then naked short sell the stockagain, together costing them the roundtrip transaction costs. + +The NSCC may also charge a fee to the participant that fails to deliver, however, the fee is insignificant in relative terms. Because the incidence of buy-ins is low and penalties for failing aresmall, naked short selling effectively is a way of short selling difficult or impossibleto borrow stocks. + +&#x200B; + +**Oh so basically - sweet fuck all.** + +I also believe this is why the borrow rate is so cheap. It's not the HFs borrowing, its the NSCC. + +&#x200B; + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +&#x200B; + +# And that, is how these motherfuckers keep getting away with it. + +&#x200B; + +# Part II to come. +God forbid you mention a single coin other than NANO or VET, then you get down voted to oblivion so that no one will see the post. + +&#x200B; + +The tribalism is a big problem and will get us nowhere. I don't go around downvoting posts for mentioning coins that aren't in my portfolio... seems like I'm the last guy around that thinks that way. + +&#x200B; + +EDIT: + +&#x200B; + +Wow, I did not expect this simple post to resonate with so many people and cause this much discussion. This is a good thing, it shows many of us acknowledge this problem. I also was not trying to single out Vechain or Nano, or delegitimize those projects, they are just the first two offenders that came to mind. I know there are many more cryptocurrency communities that the same can be said for but I won't name names, because that isn't the point of this post. + +&#x200B; + +Let's do something about this. Don't be that guy/girl, don't downvote a post simply because it references a coin that you don't own or a project that directly competes against one of your big holdings. I get it, the same amount of coins that you hold today are worth maybe 10% of the value that it was in early 2018. I also get that you probably consolidated most of your losses into a few projects, maybe even just one that you are the most confident can come back. Cool, good for you, I hope it works out. But don't censor posts simply because they go against an agenda of pumping your bags. It makes us all look bad and no one just coming into this space is going to want to stick around if this is what they are greeted with. Let's try and learn something new instead of shouting as loud as we can about our coins and silencing those that disagree with us. This is an exciting time to be alive, we can't allow tunnel vision to get in the way of the big picture here. We are all still early, there is still so much to learn and so much to gain from being in this space right now. +What do you all do to fight burn out. My wife and I are 34, our household (family of 3, going to 4) income is now $725k, it’ll jump $50k for the next 3 years and stabilize. We are finally making what I consider really good money (over $500k household income). We don’t spend insanely, our annual spend is $150-$175k depending on travel or a splurge buy, so we can live off one income. My wife’s income has increased to around $415 and will most likely climb over the next couple of years. She’s amazing and has been telling me to take some time off to rejuvenate myself. I’m resisting a break since I know we are in our prime earning years. I’m not super motivated at work so I do enough to stay an above average contributor but I’m not looking to unlock tremendous value by deploying additional effort. I’m currently being recruited for another role in FAANG that would bring my income up to $450-$500k but I can’t find the motivation to even prep properly for the interview loop. Are there any exercises to help trick your mind/self into continuing the grind? I looking for this wonderful group on the internet to kick my butt into reality. + +For context our fatFire goal is $7-$9m. Our current NW is hovering around $2.9m including home equity. Our NW actually declined YoY because of our exposure to growth stocks (face palm). +Everyone in the sub knew that Hood would fail. Hood is a Griffin Project. + +Remember the testimony? + +[Gabe](https://preview.redd.it/050nl3rbguk81.png?width=656&format=png&auto=webp&s=cd9c70d9555e3f5a1f7155436502787fd35b936e) + +[Kenny boy Mayo Man... ](https://preview.redd.it/58fjkl8gguk81.png?width=506&format=png&auto=webp&s=7ca0dd3efb80a16b52c9205b8563d7077c8dda0d) + +[When I was a boy in Bulgaria... ](https://preview.redd.it/no7h2rukguk81.png?width=642&format=png&auto=webp&s=3b2cbd68f881ea7a843402a5404194225c01a35c) + +**TL:DR: Some rumors Ken wants to sell Citadel thru IPO. This means he sells Citadel in the form of IPO and issues shares to investors... Ken makes $20bn and walks away... His co has a valuation of $22BN (which is fake and fraudulent) - This IPO can not happen...** + +The SUB Was clued in and called it... see the screen grab from Reuters below... + +[Superstonk Apes knew HOOD was fraudulent... ](https://preview.redd.it/2c2lqc1rguk81.png?width=1298&format=png&auto=webp&s=411b97700689e5d87ee1a3c868e6fad9aa6413d8) + +**But nobody listens to apes...** + +And Robin Hood Stock tanked and is about to go out of business... + +[HOOD All time Chart... ](https://preview.redd.it/k5jjhx72huk81.png?width=1886&format=png&auto=webp&s=e47bc1c3d305da5e15630ef79e003e90cc6fbcf5) + +People paid $70 for this and it trades around $12... This is a Ken Griffin Project.... + +**Reuters Pumped the Hood IPO...** + +[https:\/\/www.reuters.com\/business\/finance\/robinhood-aims-up-35-bln-valuation-us-ipo-2021-07-19\/](https://preview.redd.it/ynm4klrdhuk81.png?width=1358&format=png&auto=webp&s=ff92bb85c2e7d973dc0e415a88f09533de2504d4) + +Side note: **Ryan Cohen and GME are hyperfocussed on customer service...** + +Its a Ken Griffin Project... + +Robin Hood lost about $20bn in market cap in Less than a year - and all the investors who bought and hold got burned - Why did the SEC let this company public? + +It turns out - the SEC doesn't have to say if an IPO is good or bad - just that the information is correct - Well... its documented this time... If Citadel is allowed to go public without closing their shorts and liabilities - its one of the biggest public fraud(s) to ever take place. + +**Melvin - is a Ken Griffin Project...** Hows Melvin doing? + +[Ken took money back, Gabe lost $6bn last year... ](https://preview.redd.it/6w1wnpr3iuk81.png?width=1344&format=png&auto=webp&s=2ac2253589672be2707f38737bf6115e761c3f8a) + +[Gabe went Long Only here... ](https://preview.redd.it/n2ity5gbiuk81.png?width=2052&format=png&auto=webp&s=cd7030a9c38d3add8324e796a632b0daea8a0635) + +Because his investors that still have little trust in him said "no more shorts" - Now Gabe and those investor's are trapped in his new long only fund... trapped with Ken and Vlad... + +**And Gabe lost $6bn last year -** + +https://preview.redd.it/35y2yeriiuk81.png?width=1310&format=png&auto=webp&s=f1f77d40c8d532f33799ccb18a85e6ef6ad268d9 + +HOOD and Gabe lost $26BN - Citadel has not even closed their shorts - the mess these three have caused is next level and needs to stop. You think this guy can sell $65bn worth of fake shares then piss off? Whats the world come to? + +**tl:dr: Citadel is in no shape to come public. If they let Ken dump Citadel to the public, so he can run away with $20billion. this will be the biggest RICO crime yet. In no way. is it in any interest for anyone - for Citadel Securities to come public.** + +It does tie in nicely to another post i did 1 month ago - + +**How Robinhood became the sacrificial lamb that has given Citadel their last ounce of air... MOASS begins when HOOD hits $0 or files for bankruptcy...** + +[**https://www.reddit.com/r/Superstonk/comments/se92fj/how\_robinhood\_became\_the\_sacrificial\_lamb\_that/**](https://www.reddit.com/r/Superstonk/comments/se92fj/how_robinhood_became_the_sacrificial_lamb_that/) + +Fuckery everywhere... +# Is that 15% number made up? + +Why does ["How to handle $"](http://www.reddit.com/r/personalfinance/wiki/commontopics) recommend saving 15-20% of your gross income for retirement? + +Simply put, 15% is roughly the savings rate needed to retire with a similar income after a 40 year career. 20% is even better because life happens. You may have trouble saving some years, the market may perform poorly for an extended period of time, and who knows what will happen with Social Security. + +To illustrate this, I took median personal income data based on Census Bureau data, extrapolated it out over a 40-year career and took a look at what saving 10%, 15%, and 20% would provide in retirement income on top of the median Social Security benefit. + +This model still works for radically different income levels because everything is based on percentages, but I wanted real data because people tend to earn much less when they are younger and that affects how much you'll have when you retire. + +# The model + +age|personal income|savings at 10%|savings at 15%|savings at 20% +-|-|-|-|- +25|$32,000|$3,200|$4,800|$6,400 +26|$33,200|$6,712|$10,068|$13,424 +27|$34,400|$10,555|$15,832|$21,109 +28|$35,600|$14,748|$22,122|$29,496 +29|$36,800|$19,313|$28,969|$38,626 +30|$38,000|$24,272|$36,407|$48,543 +35|$41,000|$54,877|$82,316|$109,754 +40|$44,000|$97,526|$146,288|$195,051 +45|$45,000|$155,639|$233,459|$311,279 +50|$46,000|$233,973|$350,959|$467,945 +55|$46,500|$339,201|$508,802|$678,403 +60|$47,000|$480,303|$720,455|$960,606 +65|$45,000|$668,598|$1,002,897|$1,337,196 + +**All dollars are 2015 dollars.** + +# What does retirement look like for those people? + +It looks pretty good, but I wouldn't want to be the person who only saved 10%. And yes, the 15% saver got to a $1M nest egg after 40 years of saving with only a median income. + +Let's look at a [4% safe withdrawal rate](https://www.bogleheads.org/wiki/Safe_withdrawal_rates) from retirement investments plus median Social Security benefits. + +retirement income|10%|15%|20% +-|-|-|- +median Social Security benefit|$16,020|$16,020|$16,020 +4% retirement withdrawals|$26,744|$40,116|$53,488 +total retirement income|$42,764|$56,136|$69,508 + +# What can we conclude? + +- **10% is just enough** if Social Security benefits don't go down, nothing seriously interrupts your retirement savings during your working years, and the market does pretty well. + + That is a lot of "ifs". + +- **15% is good for a solid retirement** that would be sufficient even if Social Security benefits are significantly reduced. You can also survive a few bad years along the way. + +- **20% is much safer**. Not only could you survive without Social Security, but if the market does poorly over the coming decades, you aren't totally screwed. If the market grows just 1% slower, the 20% model looks more like the 15% model. + + It might also let you retire better or earlier. Early retirement may not even be a choice. The median retirement age in the US is 62 and many of those retirements are due to health issues or inability to find work. + +# Understanding these numbers + +Note that all dollars are 2015 dollars so you don't need to think about "how much will $X be worth in 10, 20, 30, or 40 years?". + +This means that the nominal dollar amounts shown at age 65 here are likely much lower than they will be actually be in 40 years. If the inflation rate stays at about 2%, the actual value of the 15% portfolio would be about $2.2M, but since $2.2M would only have the value of $1M in 2015 dollars, it's easier to just think about everything in 2015 dollars. + +That's also why this post uses a growth rate that includes the value-reducing effect of inflation (6% rather than 8% or something higher). + +# Is this pessimistic enough? + +I tried to generate a "middle of the road" look at the future based on today's numbers, but we have no way of knowing what the future growth of the markets is going to be. **My point here isn't that 15% or 20% is enough no matter what, but that a 10% savings rate is not really where you want to be.** + +Also bear in mind that while the 4% safe withdrawal rate historically works in the US, it is definitely optimistic. If applied on historical data from other developed countries, it ends up being much too high (you run out of money early). A more pessimistic model might use 3% or 3.5% instead. + +## Notes: + +* 6% post-inflation growth is assumed. The long-term historical average for the US stock market is about 7%. We use a lower number because you can't expect a 7% return. Bonds return less than stocks and we have no way of knowing what the future performance of the stock market will be. + + To be more specific, the 6% number is the median post-inflation CAGR across all 40 year periods on [cFIREsim](http://www.cfiresim.com/) with 85% stocks, 15% bonds, 0.1% expenses, and annual rebalancing. Note that cFIREsim only uses large-cap US stocks for stocks and US Treasuries for bonds (a [more diversified portfolio](https://www.reddit.com/r/personalfinance/wiki/investing#wiki_can_you_just_recommend_something_extremely_specific_to_get_me_started.3F) is usually recommended here). There is a spreadsheet link below if you want to try different rates of return. + +* The income data is the average of the incomes for men and women roughly interpolated out to get numbers for every single year. This includes data from non-primary earners in two income households (e.g., parents who mostly stay at home) which lowers the numbers somewhat. [Financial Samurai has a nice article on the data.](http://www.financialsamurai.com/median-income-by-age-and-sex-in-america/) + +* Here's [my spreadsheet](https://docs.google.com/spreadsheets/d/1qn5nyeEqgNRPdJwRD-TERGqE6CypR0oKmCSTd0h7yCs/edit?usp=sharing) if anyone wants to look at the numbers or change any of the assumptions (e.g., rate of return or safe withdrawal rate). You'll need to make a copy in order to edit it. + +edits: I added the spreadsheet link, the "Understanding these numbers" section, and the cFIREsim notes. +All I wanted to do was catch the next wave, after missing out on BTC, but I stopped paying attention. All I wanted to do was retire from 9-5 and focus on building websites for fun and innovation. + +If you got rich off this, please relish the freedom you have and do what you love the most! Be happy and proud that you took a calculated risk, and also that you have the ability to do so. +I want to preface this -- I'm high and tired from work. I'm also former marine crayon-eating ape, so I'm dumb as rocks. This is my first real post on the sub that actually contributes anything valuable. Please do your own research to confirm. + +TLDR: The financial system is a leech on our economy and society. + +EDIT: fixing punctuations and typos. + +I saw the post about Michael C Bodson, so I decided to snoop around. + +&#x200B; + +[Mike Bodson, President and CEO of DTCC](https://preview.redd.it/l715qaqlew671.png?width=480&format=png&auto=webp&s=c542109fc03704210244463fa77391668f0adfa7) + +Michael Bodson is President and CEO of DTCC. Crypto posed a threat to clearinghouses like the DTCC, so the DTCC invested into Digital Asset Holdings. It's a financial company that builds products based on distributed ledger technology (DLT). The idea was that Wall Street would co-opt blockchain technology and strip crypto of its decentralize nature. ([https://www.institutionalinvestor.com/article/b1505pph2t0x7g/the-2017-tech-40-michael-bodson](https://www.institutionalinvestor.com/article/b1505pph2t0x7g/the-2017-tech-40-michael-bodson)) + +Now let's take a look into Digital Asset Holdings. + +Guess who is on its Board of Directors? Michael Bodson. How do you use the DTCC to invest into a company where you sit on its board? I guess there's no conflict of interest here, so lets move along. Another interesting fact is that the CEO of Digital Asset Holdings, Yuval Rooz, is a former Shitadel employee. After his tenure at Shitadel, he went to DRW Trading Group as a Senior Algorithmic Trader. + +[CEO of Digital Asset Holdings](https://preview.redd.it/2dvdku6saw671.png?width=259&format=png&auto=webp&s=739780e6bfecc76524a07767da587aba2a651a53) + +I mentioned that Digital Asset Holdings was co-founded; so now, let's take a look at the other guy. + +[Don Wilson, Co-founder of Digital Asset Holding, and CEO of DRW Trading Group](https://preview.redd.it/tm8xtihqcw671.png?width=498&format=png&auto=webp&s=339061d3d6989e09f522808e0865cc7dd5f7dd16) + +This dude, Don Wilson, co-founded Digital Asset Holdings... and he's CEO of DRW Trading Group. Okay, so Yuval Rooz worked for him, then went on to start a company with him, as CEO of that company? These guys sure love helping each other out with their business ventures. I wish I had friends like that. + +So let's take a deeper dive into Donny. + +in 2018, Don Wilson was cleared in a manipulation case. + +>A US financial regulator has been defeated in its pursuit of Don Wilson, one of the world’s leading derivatives traders, in a stinging ruling by a judge who derided the agency for bringing a misbegotten market-manipulation case. Judge Richard Sullivan in New York dismissed all charges against Mr Wilson and his Chicago-based trading group DRW in the long-awaited ruling, two years after he heard the case. +> +>([https://www.ft.com/content/8416eb88-f70f-11e8-af46-2022a0b02a6c](https://www.ft.com/content/8416eb88-f70f-11e8-af46-2022a0b02a6c)) + +Okay, he got away but we all know he's a crook. Going back further, Don made huge campaign contributions to former Chicago mayor, Rahm Emanuel. An article from 2015 criticizes the former mayor and his "Hedge Fund Flash Boys." + +&#x200B; + +[Rahm Emanuel, former mayor of Chicago 2011-2019, and former US Congressman 2003-2009](https://preview.redd.it/1dg5mjstow671.png?width=477&format=png&auto=webp&s=dcfa9cadbcb1e2d7df96f074953ded47c5f6e682) + +&#x200B; + +>Many of Rahm’s top contributors are heads of “high-frequency trading” funds—a murky and controversial trading strategy that is currently the subject of several class-action lawsuits. +> +>Two of the largest high-frequency trading funds in Chicago—Ken Griffin’s Citadel LLC and Donald Wilson’s DRW Trading Group— have poured over a million dollars into Rahm’s campaign. +> +>... +> +>Griffin is also reported to be a close friend of Rahm’s. +> +>Griffin — who is literally the wealthiest man in Chicago — spends much of his obscene fortune bankrolling far-right Republicans across the nation. When he isn’t stuffing cash into Republican campaign coffers, Griffin indulges in excesses on a par with the trust kings of the Gilded Age, snapping up a network of luxury homes, including a reported $135 million spread in Palm Beach, Florida and a $13.3 million penthouse at the Waldorf-Astoria in Manhattan. +> +>... +> +>Rahm’s influence in Washington must have helped: DRW and similar firms were not subjected to these regulations. +> +>And this was a good thing, because the very next year DRW Securities LLC was fined $20,000 by the Chicago Board of Options Exchange for failing to maintain capital reserves at the level of a paltry quarter of a million dollars. +> +>DRW Trading Group was also investigated by the CFTC for using high-speed trades to manipulate a reference rate that was used to calculate the value of a bet $350 million bet made by DRW. The investigation is on-going. +> +>([https://hedgeclippers.org/rahm-emanuel/#\_ftn2](https://hedgeclippers.org/rahm-emanuel/#_ftn2)) + +Looks like Kenny and Donny both like influencing politics, so they can keep getting richer. + +These assholes all know each other and love giving each other reach-arounds. They casted a larger net over our financial system and political system, and they are bleeding us dry. + +I think it's obvious how much these criminals control our government. The wealth disparity is growing larger by the day. These crooks are stopping our political system from working and holding our country back from progress. + +I honestly do believe they made our politicians spread misinformation during the pandemic, to keep us in lockdown longer, so they could keep on shorting companies. Hurting people and businesses, just so they can make a profit. I really hope they are all held accountable at the end of all of this. I know most of them will get away, but wishful thinking. + +Apes strong together. + +My favorite ape is an orangutan, so here you go: + +https://preview.redd.it/gd6aarhhtw671.png?width=586&format=png&auto=webp&s=fd03b2877a11834f929ca037965012fdb7ab8e93 +I have been following the stock market for 30 years and I have never seen a company the size of Facebook (Meta) drop over 25% in price in one day. (It dropped 26.3% today) + +Facebook (Meta) was the seventh-largest company in the United States by market cap. With a $661.39 Billion dollar market cap. + +[https://companiesmarketcap.com/usa/largest-companies-in-the-usa-by-market-cap/](https://companiesmarketcap.com/usa/largest-companies-in-the-usa-by-market-cap/) + +This is huge and may show a serious problem for the technology sector and our economy in general. + +Again, has there ever been a 25% **single-day** drop for a top ten market cap company in the last 50 years? +**Introduction**: This post is part of an ongoing monthly early-retirement series that will continue indefinitely, provided that the voting reflects the view that it is still seen as relevant to the community. I suppose that this is my way of giving back to a movement that helped me tremendously on my journey. A background summary is offered in the final section and repeated every month. Please check there to find answers to potential questions. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772 with a withdrawal rate of no more than 3% ($30,773 per year in 2017 dollars). I have decided to recalculate a new 3% withdrawal rate maximum value at the end of each year based on the new year-end balance, provided that the portfolio remains above $1M. Should the portfolio drop below $1M, I will lock back into a maximum $30k/yr withdrawal until the market recovers. I realize that this is not how your holy Trinity works, but since 3% is well within historically safe territory for indefinite portfolio survival, and since our withdrawal rate has actually averaged below 2% thus far due to additional income, we have some flexibility. Side Question: Does this spending model already exist, or am I required to name it as its creator? + +**Spending**: Living expenses for the month ($4092) were $1528 over the 2017 monthly targeted amount of $2564. Our spending was 59.5% over budget for the month, now 16.2% over for the year. We generated $792 of income from my wife's part-time fun job at the library and some of my old book royalties. Our investment withdrawal was $3300 this month, thus our pro-rated annual withdrawal rate is 3.66% for the month and 2.19% for the year. Without the additional income stream, our pro-rated annual withdrawal rate would have been 4.79% for the month and 3.49% for the year. + +**Investments**: The portfolio went from $1,080,121 to $1,101,683 (a 1.99% increase for the month), which dropped down to a new total of (drum-roll) $1,098,383 after paying the bills. This is a 7.1% increase from the original starting balance of $1,025,772, even after withdrawals of $11,601 for living expenses over six months. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $80.97/hr of labor income. VTSAX (60% AA) went up 3.0% this month; VFWAX (21% AA) went up 0.4%; VWLUX (19% AA) did what it was supposed to do. + +**Reflections**: Our investments are once again at an all-time high, smashing the $1.1M mark ($1.5M net worth) yesterday and tempting me once more to ease out of the domestic stock market. Spending was up quite considerably due to xmas shopping (some of which will be reimbursed since the in-laws have this weird tradition of buying your own presents and getting money back), marathon entry, two massages, a spike in charitable giving this past Tuesday, a $300 pair of Nike Zoom Vaporfly 4% shoes, and $1000 in Home Depot charges for the cabin lumber. This was not at all a typical spending month, and finalizing the decision to adjust our withdrawal amounts based on new year-end values makes the spending seem inconsequential (unless the market corrects 10% in December). + +**Experiences**: A harmless hillbilly opiate junkie showed up on my porch in a drunken state while I was decorating Walden Cabin. I held him at gunpoint (because I could) with the shotgun until officers arrived. Someone requested a picture of the [cabin](https://imgur.com/a/5hJxx) last month; I do not have any pictures of the junkie. Incidentally, this is the fourth time in seven years that we’ve had to call law enforcement due to trespassing (two intoxicated junkies, one panhandling con-artist, and one drunken hunter) in addition to another complaint against a driver who tried to make us think he was going to run us over while jogging. This is the cost of LCOL in the South. The total bill on the cabin was just under $1000 ($700 PT lumber, $100 shingles, $100 stain, $100 brackets/screws). Someone also asked for a picture of the [house](https://imgur.com/a/WzB6L) we built (seven years old, looks different now). In the discussion section of the previous month, we were talking about the phenomenon of having dreams about forgetting to go to class even though we graduated years ago, and I had one the very next night. Marathon training hit its peak with runs of 20 and 21 miles. I planned two vacations upcoming in 2018 (Middle America and Japan). I played Final Fantasy V (PS1) and read Tale of Genji, but I abandoned both due to a lack of interest. I’m currently playing Chrono Cross (PS1) but don’t know how much further I’ll continue. I renewed our healthcare policy through the exchange and received over $13,000 to pay for subsidies (see below). + +**Upcoming**: The full marathon is December 9. My secret lifetime goal made almost five years ago was to run one in under three hours. All of my preparation efforts suggest that 3:01-3:02 is a best case scenario, but we’ll see. If I can manage a sub-three, I’ve considered becoming a volunteer running mentor for people who are just starting. I’ll be spending a lot of time in theaters because good movies are actually released this time of year. There are two more PS1 games (Xenogears and Dragon Warrior VI) that I would love to play before the end of the year. We’ll be making a trip to the tree nursery and getting a lot of stuff to plant once everything goes dormant in a few days. I have some xmas shopping and tax planning to tackle. I’d like to inactivate my facebook account as well. I’ll also be doing whatever the fuck I want. + +**Background**: I am former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors and doctorate before joining the workforce for nearly twelve years, entirely with CVS. $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). + +I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation is 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My model places no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (no heirs), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + +Our healthcare premiums are covered entirely by ACA subsidies. I do not care what you think of this. The law requires me to have a policy, and I answered all of the questions on the exchange website honestly. My former employer and I paid over $100,000 for health coverage during my career, and we used less than 5% of that. Insurance in the US is no longer a system of protection against unforeseeable, unpreventable circumstances. If it were, I would refuse the subsidies out of principle. The vast majority of healthcare costs are a direct result of a large portion of the population being self-centered irresponsible gluttons without the discipline to maintain a healthy lifestyle. These same individuals want the most expensive care possible and expect the cost to be spread to everyone else on their policies. I find this to be the equivalent of a mandatory insurance program for homeowners in which a large number of policy holders are pyromaniacs trying to burn their own houses down. I will be attempting to recoup my previous losses on health insurance for as long as the ACA exists. + +I am bored to tears with most discussions on SWR, COL, UBI, ACA, SSI, Trinity, insurance, what-if scenarios, financial doomsday preppers, crystal balls, investment strategies, side hustles, lifestyle inflation, market corrections, frugality tips, tax avoidance, my former life as a pharmacist, and even the acronym FIRE. When you’re new to the topic of early retirement, all of that stuff is very exciting. When you’ve run the race and crossed the line, not so much. This is a public forum, and I’ll likely read what you have to say, but please don’t expect much in the way of a response if it’s a question that I or someone else has answered a million times, especially if you’re just offering an unsubstantiated claim about my personal situation that demonstrates willful stupidity. It happens every month. I am however willing to clarify anything and discuss topics that I find to be of more interest. I genuinely appreciate all the congratulations and well-wishers. + +I'm a long-term casual for a company I've worked at for over 4 years. I am also a full-time student and commenced studies this year. During my entire employment I've worked 1-2 shifts a week, predominately weekends, now I've been asked to sign a contract (from my company) stating I will work 4 days per-week in order to be eligible for the JobKeeper payment. + +I would be happy to earn the payment, but working 4 days a week and studying full-time isn't feasible for me. I raised the issue I had with what the company was asking of me and, from what I could tell, it seemed as though it was a way just to be fair to full-time staff as we're all now getting a flat, government subsidized rate for varying levels of work. + +Is my company validated here? Or am I just misunderstanding the legislation? +I posted most of what follows as a reply to a person over in /r/fire who almost immediately deleted their post. They talked about putting money into an "asset" vs burning their money with rent. + + +I see a lot of people asking the question similar questions right now: + + +* Should I save for a house or continue renting and invest +* Should I pay off my mortgage early or invest +* Should I continue living with my parents or buy my first home +* Etc. + +I bought my first home for my mother when I was around 23 or 24. It was in rural Maine and the entire purchase price was about 40K (not the down payment - the entire purchase price). The second home I bought was to start and raise a family. I was 29. What follows is my response to the now deleted post. + +If you haven't seen it, you should check out the [NY Times - Is It Better To Rent Or Buy](https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html) + +There are a lot of costs many people don't associate with home ownership - instead focusing on rent vs mortgage payment. + +* Property Taxes +* Homeowner's Insurance (yes, renter's insurance exists but is fairly negligible in comparison) +* Potentially HOA fees +* Major repairs (roof, heating/cooling, windows, siding, etc.) +* Etc. + +Another factor many people don't consider is the money that is lost buying and selling. + +* As the buyer - you typically have thousands of dollars in closing costs. Later when you refinance, you justify paying additional closing costs because it will save you interest over the long haul but these costs rightfully belong in the "total cost of ownership" column. In today's market, you may not have to refinance because rates are still low but you have the initial closing costs regardless. I am ignoring PMI as well as mortgage interest and just talking about the 1 time costs of buying. +* When you sell - you pay both (buyer/seller) agent commissions which are probably 5 to 6% of the sale price combined. The state may have transfer tax or other things. + +Another factor - which is a double edged sword because it cuts both ways - is how you feel about ownership. As an owner - you are literally responsible for everything (e.g. when the air conditioner breaks - it's on you to find a repair person, schedule the repair and pay for it. When inevitably something doesn't go right - it's on you to fight back and forth with the vendor to make it right). As a renter you don't have that same level of hassle and financial responsibility but you also have far fewer freedoms - want to change X - better ask the landlord. + +Another consideration I would take into account is looking at where you see yourself long term. Are you planning on moving later on or staying forever? Having recently sold my house (taking advantage of this insane market and renting for a couple of years ), I can tell you the stress of selling a house is far more than ending a lease. When you end a lease - you end it. With a home, both the buyer and most likely the bank have to agree to let you leave. Let that sink in. Things that you never thought of are now going to be the difference between you being able to leave - will it appraise high enough for the bank to lend the buyers the money, will they find evidence of termites - is there radon in the basement, etc. + +Owning a home is an asset but it is a depreciating asset if not invested in. While it is expected for the price of the home to increase over time, it doesn't do so by just sitting there. Not only do you have to pay for repairs, perform preventative maintenance, etc. but over time you will need to replace appliances as well as possibly even remodel. This is all time and energy that you need to invest just to keep your asset from depreciating. + +I recently sold my home after 16 years. I purchased at the peak of the last market (2005) and over paid for my home. I then invested an obscene amount of money doing a whole home renovation to make it the house I wanted to live in and raise a family. I just sold because market conditions told me there would never be a better time to get as much of money back out then I had paid in but when you compare all the mortgage interest, property taxes, HOA fees, homeowner's insurance, initial and refinance closing costs, major repairs, renovations, front foot assessment, etc. - Even selling at 100K more than when I bought it - I'm not sure if I would have been better off renting. The first time you find water in your basement and your insurance won't cover it because you don't have the appropriate rider in your policy - you can bet you will wish it was someone else's problem. + +> What would you do? + +Now that I am on the other side of home ownership, I think buying a house makes sense in a couple of scenarios + +* You are doing it as an investment - you do not plan on living in the house long term but rather are either flipping it or turning it into a rental property. In other words - you are not making it "your home" +* You are making it your home with no notion that it is an investment. You are paying for happiness as the place you will spend your lives. + +The one thing I would not do is buy a place to "make my home" but do so believing it was an asset/investment. Mentally, this has too much opportunity to be an unpleasant roller coaster. + +**Edit:** For those that think I am saying renting is superior to home ownership - that's not the case. Nor is it the case that I am saying the inverse is true. In two years when my current lease is up, I intend to be a homeowner again (in a different state in a lower cost of living). My post was almost entirely a reply to an individual who asked for advice about becoming financially independent and retiring early. They had already run the numbers and knew that renting allowed them to invest more and achieve their goals but they were considering going against those numbers because they felt it was better to invest in an "asset" (their words, not mine). + +**Edit 2:** I know you're supposed to keep the discussion going or not abandon the discussion or whatever and I have tried to keep up reading what everyone has written and reply when applicable but I don't think I can keep up. Thanks! +I have become interested in joining theta gang and I was wondering if anyone has experiences to share where they've made large losses/mistakes that could have been predicted. If this happened to you, is there something you've learned from this experience that made you a better option seller? + +Edit: thanks everyone for the advice it's all very helpful! +Interested if anyone on here has actually sold contracts as a strategy for any considerable length of time (thinking a decade or two). This board basically just seems to be an overzealous 18-30 demographic, mostly new to the game, bragging about short term gains. I'm much more interested in those of you who have actually survived in the markets for long periods, experienced many different market environments/conditions, and have come out on top/successful. I'd love to hear the stories of some of these people, if they're on here, and if you have actually been able to consistently outpace the growth of the market over the long term. Stories of bear markets and relations of realistic return expectations for both myself and the other young people here would be most welcome. Thanks. +Hey guys, +I made an [arbitrage scanner](https://app.fdscanner.com/arbitragescanner/overpriced/puts) that finds puts with bids above the option's theoretical value. + +The Theo value is usually the option value that your broker uses when doing a mark to market profit. + +If the bid is above Theo, you can sell at the bid and book an immediate mark to market profit. + +Here's the 7 overpriced puts the scanner found: + +|No.|Ticker|% OTM|Strike|Type|Expiry|Bid|Ask|Theo|Overpriced By|Overpriced %|Last|Volume|Open Interest|IV| +:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--| +|1|[DVA](https://app.fdscanner.com/ticker/DVA)|13.31%|$95|Put|2021-02-19|$0.45|$2|$0.399|$0.051|13%|$0.73|20|75|50.86%| +|2|[ANET](https://app.fdscanner.com/ticker/ANET)|18.75%|$260|Put|2021-03-19|$3.8|$4.2|$3.602|$0.199|6%|$4|1|170|54.37%| +|3|[GOOGL](https://app.fdscanner.com/ticker/GOOGL)|41.06%|$1230|Put|2022-01-21|$20.4|$21.8|$19.648|$0.752|4%|$19.65|1|31|37.59%| +|4|[GOOGL](https://app.fdscanner.com/ticker/GOOGL)|42.49%|$1200|Put|2022-01-21|$18.3|$19.7|$17.598|$0.702|4%|$17.62|52|542|38.05%| +|5|[DVA](https://app.fdscanner.com/ticker/DVA)|4.18%|$105|Put|2021-02-19|$2.1|$2.5|$2.026|$0.075|4%|$2.2|3|69|44.79%| +|6|[ANET](https://app.fdscanner.com/ticker/ANET)|15.62%|$270|Put|2021-03-19|$5.1|$5.6|$4.901|$0.199|4%|$5.63|13|225|52.42%| +|7|[DOW](https://app.fdscanner.com/ticker/DOW)|4.5%|$55|Put|2021-03-26|$2.06|$2.19|$2.004|$0.056|3%|$2.05|5|10|35.2%| + + +To view the full list which updates every 20 mins, visit: https://app.fdscanner.com/arbitragescanner/overpriced/puts + +There's also a scanner for overpriced calls to run covered calls on, and also underpriced put/calls. As you can see, the market is rather efficient, out of millions of options, only 7 are found that fulfills the criteria. +Hi Everyone, + +Not sure if this is the right subreddit to post this in but looking for advice. I'll preface by saying this is my parent's issue and it sounds like they've done everything to try to get the matter resolved. + +My parents found out roughly 3 weeks ago that their card had been charged at our local Best Buy in the amount of about $6300. They called Bank of America and reported the charge as fraudulent as soon as they noticed the charge the very next day. According to my dad, the person on the phone said there wasn't anything they could do to cancel the charge and that they would just "let it see if it goes through" and take it from there. In the meantime the card would get canceled and they would get sent a new card. Fast forward 2 weeks later the charge goes through and now Bank of America is saying it's my parents' responsibility to pay for the outstanding balance. + +My dad still has his card (it wasn't physically stolen) but BoA is saying the card was presented physically at the store and because the card is chipped and a signature was presented they are liable for all charges. + +They've already gone to the police and filed a report, they have also inspected the security security tapes at Best Buy which they said has revealed nothing (according to them the sun was shining into the camera so you couldn't see anything during the time the purchase was made). + +I'm not sure what more advice I can give them so looking to Reddit for any help or other advice I can offer them. + +**Update:** Just woke up and wow this blew up way bigger than I thought it would. Thanks everyone who offered up advice. I need to go to work soon but some responses to some questions/comments since I don't think I can respond to every comment here one by one like I was last night. + +**Credit Card or Debit Card?** + +Credit card. + +**Sounds like this was done by someone your parents knew** + +I'm not saying it's not true but I believe it's highly unlikely. Mainly because they don't have too many friends but have also communicated to them this possibility. + +**Why didn't anyone at BB check id on the purchase?** + +They asked the same thing and Best Buy simply said it's their policy to check ID and nothing more was said on the matter. + +**How could it possibly be there was only one camera that suspiciously was blinded by sun?** + +I told them that it's impossible that a big box store like BB would only have a single camera pointed at the registers that was conveniently blinded by the sun. They said they would try to pursue the matter further with the police; I told them even just walking around that BB and pointing out all of the security cameras in the store would be enough to make the case that there are cameras elsewhere and that the police need to go back. To clarify, my parents did not go to the BB themselves to get at the security footage; they filed a report with the police and they went and told them the sun in camera story. + +**This story sounds fishy and you're lying/you stole the card** + +I won't deny the story sounds fishy but not sure what I have to gain in fabricating this story. I just wanted some advice from anyone who might know what other avenues they can pursue and never expected this thread to blow up the way it did (it only had 6 posts when I went to bed last night and honestly I thought that'd be the end of the feedback). As far as accusations that I stole the card, I live 400 miles away and haven't lived at home since high school. + +I'll try to continue updating as this unfolds. + +**Update 2**: Tried to reply to some of the comments but heading to work now. Will be back tonight to look through all of the advice here and provide updates. + +**Update 3**: Just got home from work earlier and off the phone with my mom. Thank you so much for responses everyone! I actually forwarded my mom this thread earlier so she could comb through some of the advice in the comments while I was at work and she responded a bit below to one of the comments. She's going to keep leaning on the police to get at those security tapes from and inspect them from all angles and has filed a complaint online with the Consumer Bureau and has drafted a physical letter that she'll be sending to BoA. She's also contacted our local news outlet to see if they can help get things moving along and investigated properly. Will see what the outcome is and post updates in the near future. + +**Update 4**: Just saw I got a PM from someone who claims to work for BoA, going to get in touch with them a bit and see where that takes us. + + + + +This new sub could be used to pitch ideas on making the world a better place. For instance, if 100k people donated $100k, we'd have 10 billion dollars all In donations. We could use that money to literally change the world. + +I'm sure you've all heard how the top 400 richest people could solve most of the world's problems with their money and still be filthy stinkin rich.. so why don't we do what they never did? + +Just spitballin' here. I'm not very smart. + +Can't think of a good name for the sub but im open to any ideas. + +Edit: how about "The Banana Fund"? Suggested by u/degenerateduckling. +I read a post on this thread yesterday that really moved me. The theme was about people who never got to retire because they got sick or died unexpectedly. Here is my deal. I have been working for 25+ years in a job I’ve never really loved. Early on I got some pleasure from the travel and entertaining but the last 4 years or so have been depressing. + +Here are some other details. I would say i have around 2m in retirement/savings and need about 40k per year if my wife continues to work(teacher she likes it) + +We have 2 kids which will need college still. + +Wife does not want me to RE. I know at my age I will not be able to come back. She wants me to find another job, but honestly I don’t want any other 9-5 gig. + +My biggest fear is that I die early or never get to do things I want to do due to physical limitations. Currently early 50s. + +From what I can tell if we can keep our income to 75k I can start selling taxable gains without tax. Not sure wife wants to work while I don’t, but we could use her healthcare. + +What to do, and how do I convince the wife. I find that I am currently depressed and drinking more. Dont seem to have much joy in my daily life due to time spent working along with other obligations. Friend just got cancer in early 40s. I dont want to die at this desk. I have tried to get consulting or other things going on the side but not much success. + +Thanks + + + +Microsoft is developing dedicated streaming hardware that people will be able to hook up to their TVs to use its Netflix\-like cloud gaming service. + +The company is betting the future of video games will be a subscription-based model where people pay a certain amount of money each month to get access to a plethora of titles. + +Its Xbox Game Pass service does exactly that, offering access to a library of games developed both in-house and by third-party studios. + +That’s mostly digital downloads, but last year streaming was added with Microsoft publicly releasing Xbox Cloud Gaming. The feature is sort of like a “Netflix for games,” allowing gamers to play games that are hosted on remote servers and then streamed to users over the internet. + +A number of other companies have launched similar game-streaming services, including Google with Stadia and Amazon with Luna. + +Now, Microsoft is aiming to push its cloud gaming product to other platforms. It started rolling out Xbox Cloud Gaming to some users via a web browser on iPhones, iPads and PCs in April (Microsoft couldn’t launch a proper mobile app for cloud gaming on Apple devices due to a dispute over App Store policies). And on Thursday, the company announced it wants to expand the service to TVs as well. + +One way it plans to do that is by partnering with manufacturers to add cloud gaming to smart TVs. But Microsoft is also developing streaming devices which users can plug into their TV or computer monitor to stream games from the cloud. The company didn’t elaborate on what those devices could look like, though it’s reminiscent of Amazon’s Fire TV and Google’s Chromecast dongles, both of which now support cloud gaming. + +In addition, Microsoft says it is working with mobile carriers like Telstra in Australia to offer new Xbox subscription models. It’s also expanding cloud gaming to four new countries — Australia, Brazil, Mexico and Japan —  later this year, and aims to publicly launch the browser-based version of the software to all members of its $15-a-month Xbox Game Pass Ultimate subscription in the coming weeks. + +Microsoft said it plans to add cloud gaming to its new Xbox Series X console, which launched last November to compete with Sony’s PlayStation 5. In the next few weeks, the company will also upgrade the servers that power its cloud gaming service from its old Xbox One hardware to the Xbox Series X. + +Microsoft competes aggressively with Sony when it comes to gaming. But it’s taking a different strategy to its Japanese counterpart. While Sony is known for blockbuster exclusives that can only be played on a PlayStation console, Microsoft is focusing on embedding its Xbox services onto multiple platforms, including mobile and PC. + +Microsoft has been stepping up its investments in gaming, buying the iconic studio Bethesda for $7.5 billion in its biggest video game-related acquisition yet. + +The company is holding a joint event with Bethesda on Sunday as part of the E3 gaming conference to show off new games, with fans speculating they will reveal some details about a hotly-anticipated sci-fi game called Starfield. + +[https://www.cnbc.com/2021/06/10/e3-microsoft-xbox-cloud-gaming-tv.html](https://www.cnbc.com/2021/06/10/e3-microsoft-xbox-cloud-gaming-tv.html) +"I went through the same process that most people do. I subscribed to a few investment letters and most of them didn't do too well." + +That's what William O'Neil, the legendary trader and author of "How to Make Money in Stocks," told Jack Schwager in a 1989 interview for his classic "Market Wizards" series. + +Out of frustration, O'Neil took the matter into his own hands. He knew a better way to trade was out there — all he had to do was uncover it. After all, he was seeing an array of fund managers crush the competition. + +"Back in 1959, I did a study of the people that were doing very well in the market," he said. "At that time, the Dreyfus fund was a very small fund, managing only about $15 million. Jack Dreyfus, who managed the fund, was doubling the results of all his competitors." + +O'Neil scoured Dreyfus' quarterly reports, searching tirelessly for any commonalities he could apply to his own methodology. After mapping out more than 100 of Dreyfus' stock purchase points, O'Neil hit pay dirt. + +"There were over 100 of these securities and when I laid them out on a table, I made my first real discovery: Not some, not most, but every single stock had been bought when it went to a new high price," he said. + +That unearthing opened the flood gates. O'Neil knew there were more secrets waiting to be uncovered. + +The search continued. + +O'Neil shifted his focus to the market's biggest winners, trying to connect the dots between the characteristics of certain stocks and their superior performance. Eventually, his research culminated in a simple seven-part model: CANSLIM. + +Allow O'Neil to explain: + +"Each letter of this name represents one of the seven chief characteristics of the all-time great winning stocks during their early developing stages, just before they made huge advances," he said. + +O'Neil's discovery translated to massive profits. + +"During 1962-63, by pyramiding the profits in three exceptional back-to-back trades — short Korvette, long Chrysler, and long Syntex — he managed to parlay an initial $5,000 investment into $200,000," Schwager said. + +Let's take a closer look at O'Neil's famed CANSLIM principles. All quotes below are from O'Neil. + +C: 'Current earnings per share' + +"The 'C' stands for current earnings per share," he said. "So, our first basic rule in stock selection is that quarterly earnings per share should be up by at least 20 to 50 percent year to year." + +A: 'Annual earnings per share' + +"In our studies, the prior five-year average annual compounded earnings growth rate of outstanding performing stocks at their early emerging stage was 24%," he said. "Ideally, each year's earnings per share should show an increase over the prior year's earnings." + +N - 'Something New' + +"The 'new' can be a new product or service, a change in the industry, or new management," he said. "In our research we found that 95 percent of the greatest winners had something new that fell within these categories." + +S - 'Shares outstanding' + +"Ninety-five percent of the stocks that performed best in our studies had less than twenty-five million shares of capitalization during the period when they had their best performance," he said. "Many institutional investors handicap themselves by restricting their purchases to only large-capitalization companies." + +L - 'Leader or laggard' + +"So, another basic rule in stock selection is to pick the leading stocks — the ones with the high relative strength values — and avoid the laggard stocks," he said. "I tend to restrict purchases to companies with relative strength ranks above 80." + +I - 'Institutional sponsorship' + +"Leading stocks usually have institutional backing," he said. "However, although some institutional sponsorship is desired, excessive sponsorship is not, because it would be a source of large selling if anything went wrong with the company or the market in general." + +M - 'Market' + +"Three out of four stocks will go in the same direction as a significant move in the market averages," he said. "That is why you need to learn how to interpret price and volume on a daily basis for signs that the market has topped." +Apple is 28% of my portfolio and don’t look on not buying anytime soon. My question is what percentage of your portfolio in Apple do you think is too much ? +A few months ago I lost my job. I am several months late on pretty much all my bills. I’m working again and just to be safe I want to focus on getting as much of my debt paid off as fast as possible. Should I spend a couple months saving up an emergency fund while just paying my minimum payments or should I just start throwing all of my money at my debt immediately? +If had invested $1 in 2012 (when I began contributing to my 401k) into an account that appreciated based on inflation, I would have $1.32 today. I have invested approximately $175k in 10 years (I try to max out my 401k contributions every year when I can). I received a quarterly statement today, and I have $5.8k in investment earnings, down from a peak of approximately $75k at the end of 2021. I am by no means near retirement age, I am sure it will go up sharply in the next few years, but this seems like a scam, and people near or in retirement are getting screwed. Is this still the best thing out there? Of course, this does not consider employer contributions. +Hi! Im based out of the USA and I’m looking to invest my savings of about over $30k (currently in a savings account). I also have about another $40k in a company 401k, and an emergency fund of $10k. No other assets rn and I have no debt (just have my monthly expenses of insurance/phone/etc.) + +With that said, Im trying to figure out where to invest my $30k to maximize my return. + +The thing is I also will be relocating to Spain indefinitely in 2021 for work, so I guess I want to know how that affects my options. Any recommendations/insight appreciated. :) + The Senate passed legislation on Thursday to raise the debt ceiling through early December, after a small cluster of Republicans temporarily put aside their objections and allowed action to stave off the threat of a first-ever federal default. + + The final vote was 50 to 48, with Democrats unanimously in support and Republicans united in opposition. It goes next to the House, where Democratic leaders were prepared to call lawmakers back for a vote. + +[https://www.nytimes.com/2021/10/07/us/politics/debt-ceiling-senate.html](https://www.nytimes.com/2021/10/07/us/politics/debt-ceiling-senate.html) +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 most people on here wait for trend days and when there are "choppy" sideways days they get killed. But I just don't understand it. On sideways days I do great, easy to pick a range and just trade it back and forth. But on a day like today, when the market goes straight up with no pullbacks, what are you supposed to do? There is nothing that could beat buying the open and selling the close. Literally zero point to trying to enter and exit all day, because if you were caught flat or short at the wrong moment you got left behind. Why do I see this the opposite of the rest of you? +This is a legit loan, I totally owe this money. I defaulted on the loan but planned on paying it in full at the end of this year. Got a call from a debt collector saying they would settle for 5k. I was happy to hear that because I said "well that'll save me 2k which I planned on paying". I'm still going to ask for all evidence validating the debt and other proper documentation as stated several times in this sub. Should I pay the 5k they offered me if they validate the debt? Or since they're offering me a lower amount should I try to get it lower? +do I have 250 characters yet. do I have 250 characters yet. do I have 250 characters yet. do I have 250 characters yet. do I have 250 characters yet. do I have 250 characters yet. do I have 250 characters yet. do I have 250 characters yet. do I have 250 characters yet. do I have 250 characters yet. do I have 250 characters yet. do I have 250 characters yet. + +https://preview.redd.it/7u6ti4qdf1681.png?width=1180&format=png&auto=webp&s=67742c0878d7027e0266f4f6293d132a1a1b9bc4 + + +edit: JFC I verified this shit last night with a mod, look for my imgur post in this thread. + +can I upload a video to a post I already made +I hope this is an okay place to talk about this. Also, this is a throwaway account because I don’t want this on my real account. I don’t want people to know I’m actually an idiot. + +So last night, I got a call from what I thought was my bank. It even showed up as “Bank Name” because I have their number saved in my phone in case I need it. + +A man told me my card had been used at a Walmart states away and the transaction was flagged, so he asked if I had tried to use my card there. I immediately got freaked out because I’ve had money actually taken from me that way before. So I said no and he said he would block it and get rid of the transaction. Then he told me I needed to change my online account number to keep anyone from accessing it if they have my information. + +Now, this is where I should have realized something was wrong. But I was freaking out and as stated before, I’m an idiot. He had me change my password to a password he gave me (I know, I know). I wasn’t thinking clearly. + +He also kept having me give him verification codes that were being sent to my phone from the bank. I didn’t notice right off that it said “No one from the bank will ask for this on the phone”. BECAUSE IM AN IDIOT. + +I logged into my account and saw all $297 in my checking account had been transferred to a “Ryan C”. When I asked about it, he said he was working on stopping it. I closed out of it, like an idiot, and when I went back in, $1600 had been transferred to my checking account and then to “Ryan C” and then $600 more was transferred to my checking. That’s when it hit me that something was wrong and I gave this person hell. + +He kept trying to get me to log back out of my account because he was “working on getting my money back”. I don’t think he could do anything while I was in it. But I didn’t log out and hung up on them. They never got my last $600. Thank god. + +I’m thinking I’m probably out $1897. Which is HEARTBREAKING. I feel like an idiot. I’m 27 and totally fell for this scam and they took almost all of my savings and I was so proud of those savings. I haven’t told anyone about this. I’m embarrassed and I know people will just call me stupid. Looking back, it should have seemed wrong from the start. But I was so freaked out about having another fraudulent charge on a bank account and they played it off very well. I like to think I’m a pretty smart person usually. But this has proved me wrong. I’ve been oddly calm about the situation but definitely beating myself up about it. + +I’ve filed a dispute with my bank, reported it to the IC3, turned off my debit card and requested a new one, and moved that $600 back to my savings account. So now I wait for my bank to “investigate” this. Is there anything else I should do or can do? +I have no financial degrees or certifications, nevertheless having read this book after Christmas I thought I'd review it, if for nothing more than to collect my thoughts on the content. + + +**Step 1 - Schedule a Monthly Barefoot Date Night** + +The introductory parts of the book are about attitude and routine, e.g. having a monthly session regarding your finances, and to not make excuses. + +**Barefoot banking:** + +This is the first technical section. He has you set up five bank accounts. He gets very specific here on exactly which bank and which accounts to choose, and it's updated for 2017 so that's great. The accounts are a daily expenses (60%), a "Splurge" account (10%) to spend on lattes, alcohol, avo on toast, etc., a long term account (10%) for any bigger goals like a holiday or a wedding, and a "Fire Extinguisher" account (20%). I found that last account to be really ill-defined and its purpose changes multiple times through the book. The fifth account is your safety account. + +Those percentages are of your monthly income, which initially look insane for me personally, however he has advice for altering them. I'll likely be following his method. I like the idea of not budgeting in the traditional sense, and using different cards for different purchases. + +**The world's cheapest super fund:** + +He talks about Superannuation, specifically which funds to choose, which options, whether you should open a SMSF (you shouldn't), whether you should make extra contributions. I'll also be taking this advice here. + +**Your insurance sorted in one beer:** + +He has several golden rules on insurances which are great, like which insurances you need, premiums and excess, how to find a provider, even how to talk on the phone. I'll be switching or making adjustments to nearly all my current insurances after reading this. + +**How to live like a millionaire right now:** + +The simple answer is to spend much more on important things, and spend much less on unimportant things. + +**Step 2 - Set Up Your Buckets** + +**The Serviette Strategy:** + +This is the chapter explaining how to actually manage the bank accounts he previously told you to open, which is fine and sensible for all of them except the Fire Extinguisher, which is to "put out financial fires" such as a large debt, saving up for a home loan, or paying off a mortgage. At this point I re-read the title of the book, because if you add up the percentages you'll see he's allocated 100% of your monthly income to various things that are *not* investments. You might say the house is a big investment - no, this is not an investment property in his plan, it's not to flip in a few years, it's a "forever home". The Fire Extinguisher account is not clarified beyond this anywhere in the book, and despite re-reading it multiple times I feel I'm missing something here... + +**Step 3 - Domino Your Debts** + +I've never had any debts outside of HECS and never owned a credit card so I can't really comment on this chapter thoroughly. I'm sure his advice on debt will help some, and the pages he has dismantling the idea of needing a credit card are very entertaining. + +**How to double your income:** + +- Do a more thorough performance review with your boss. +- Do freelance work. +- Work 80 hours a week. + +**Step 4 - Buy Your Home** + +**How to buy your home in 20 months:** + +This is where the book fell apart for me and I almost didn't want to finish. He lays out a scenario of how it's easy for a couple earning an average wage ($78,000) to save enough in 20 months for a $500,000 home loan. + +*Q: What if I don't earn that much?* + +A: Then earn more, see - "How to double your income". + +*Q: What if I don't have a partner?* + +A: Then buy a smaller house. + +*Q: What if I don't want a smaller house?* + +A: Then move to the country. + +*Q: Should I buy an investment property first?* + +A: No. + +*Q: Will the housing market crash?* + +A: Don't hesitate, just buy. + +*Q: Can I rent and invest the difference?* + +A: Yes, this is financially superior, however you should still buy a house since no one ever actually invests the difference. + +(That is all not verbatim) + +**Step 5 - Increase Your Super 15 Percent** + +**Your Golden Ticket - becoming an investor:** + +I get totally lost in this chapter. He talks about opening a "SMSF Lite", which is his term for investing in shares with your super fund, though you can also invest outside of your super. Where this money is coming from I have no idea, since you've just bought yourself a $500,000 house. + +**The automatic millionaire - how to put your investing on autopilot:** + +You should increase your super contribution to 15% *after* you've paid off your home. + +**Should I buy an investment property?:** + +No. + +**Step 6** is a few chapters on teaching your kids how to manage money, increasing your safety account amount, providing for you family, etc. + +**Step 7 - Get The Banker Off Your Back** + +**The curious case of the postcode povvos:** + +Don't flip your house for something bigger. + +**How to save $77,641 and wipe almost seven years off your mortgage:** + +He talks about the type of home loan to get, how to get a cheap rate, using "cash-back mortgage brokers", and making extra repayments (which again, I don't know from where that money comes). + +**Step 8 - Nail Your Retirement Number** + +- Have your house paid off. +- Have $250,000 in savings. +- Keep working part time. + +I liked the book, however his view of home ownership doesn't apply to me at all and that unfortunately invalidates most of the second half of the book. I'd like to hear from people who've taken advice from the Barefoot Investor and how you are now. + +In my opinion you should get this book if: + +- You have no idea how to budget. +- You are confused about insurances. +- You're heavily in debt. +- You have a credit card. +- You share a similar vision to the author about buying a "forever home" and providing stability for your family through your retirement until death. +I have no financial degrees or certifications, nevertheless having read this book after Christmas I thought I'd review it, if for nothing more than to collect my thoughts on the content. + + +**Step 1 - Schedule a Monthly Barefoot Date Night** + +The introductory parts of the book are about attitude and routine, e.g. having a monthly session regarding your finances, and to not make excuses. + +**Barefoot banking:** + +This is the first technical section. He has you set up five bank accounts. He gets very specific here on exactly which bank and which accounts to choose, and it's updated for 2017 so that's great. The accounts are a daily expenses (60%), a "Splurge" account (10%) to spend on lattes, alcohol, avo on toast, etc., a long term account (10%) for any bigger goals like a holiday or a wedding, and a "Fire Extinguisher" account (20%). I found that last account to be really ill-defined and its purpose changes multiple times through the book. The fifth account is your safety account. + +Those percentages are of your monthly income, which initially look insane for me personally, however he has advice for altering them. I'll likely be following his method. I like the idea of not budgeting in the traditional sense, and using different cards for different purchases. + +**The world's cheapest super fund:** + +He talks about Superannuation, specifically which funds to choose, which options, whether you should open a SMSF (you shouldn't), whether you should make extra contributions. I'll also be taking this advice here. + +**Your insurance sorted in one beer:** + +He has several golden rules on insurances which are great, like which insurances you need, premiums and excess, how to find a provider, even how to talk on the phone. I'll be switching or making adjustments to nearly all my current insurances after reading this. + +**How to live like a millionaire right now:** + +The simple answer is to spend much more on important things, and spend much less on unimportant things. + +**Step 2 - Set Up Your Buckets** + +**The Serviette Strategy:** + +This is the chapter explaining how to actually manage the bank accounts he previously told you to open, which is fine and sensible for all of them except the Fire Extinguisher, which is to "put out financial fires" such as a large debt, saving up for a home loan, or paying off a mortgage. At this point I re-read the title of the book, because if you add up the percentages you'll see he's allocated 100% of your monthly income to various things that are *not* investments. You might say the house is a big investment - no, this is not an investment property in his plan, it's not to flip in a few years, it's a "forever home". The Fire Extinguisher account is not clarified beyond this anywhere in the book, and despite re-reading it multiple times I feel I'm missing something here... + +**Step 3 - Domino Your Debts** + +I've never had any debts outside of HECS and never owned a credit card so I can't really comment on this chapter thoroughly. I'm sure his advice on debt will help some, and the pages he has dismantling the idea of needing a credit card are very entertaining. + +**How to double your income:** + +- Do a more thorough performance review with your boss. +- Do freelance work. +- Work 80 hours a week. + +**Step 4 - Buy Your Home** + +**How to buy your home in 20 months:** + +This is where the book fell apart for me and I almost didn't want to finish. He lays out a scenario of how it's easy for a couple earning an average wage ($78,000) to save enough in 20 months for a $500,000 home loan. + +*Q: What if I don't earn that much?* + +A: Then earn more, see - "How to double your income". + +*Q: What if I don't have a partner?* + +A: Then buy a smaller house. + +*Q: What if I don't want a smaller house?* + +A: Then move to the country. + +*Q: Should I buy an investment property first?* + +A: No. + +*Q: Will the housing market crash?* + +A: Don't hesitate, just buy. + +*Q: Can I rent and invest the difference?* + +A: Yes, this is financially superior, however you should still buy a house since no one ever actually invests the difference. + +(That is all not verbatim) + +**Step 5 - Increase Your Super 15 Percent** + +**Your Golden Ticket - becoming an investor:** + +I get totally lost in this chapter. He talks about opening a "SMSF Lite", which is his term for investing in shares with your super fund, though you can also invest outside of your super. Where this money is coming from I have no idea, since you've just bought yourself a $500,000 house. + +**The automatic millionaire - how to put your investing on autopilot:** + +You should increase your super contribution to 15% *after* you've paid off your home. + +**Should I buy an investment property?:** + +No. + +**Step 6** is a few chapters on teaching your kids how to manage money, increasing your safety account amount, providing for you family, etc. + +**Step 7 - Get The Banker Off Your Back** + +**The curious case of the postcode povvos:** + +Don't flip your house for something bigger. + +**How to save $77,641 and wipe almost seven years off your mortgage:** + +He talks about the type of home loan to get, how to get a cheap rate, using "cash-back mortgage brokers", and making extra repayments (which again, I don't know from where that money comes). + +**Step 8 - Nail Your Retirement Number** + +- Have your house paid off. +- Have $250,000 in savings. +- Keep working part time. + +I liked the book, however his view of home ownership doesn't apply to me at all and that unfortunately invalidates most of the second half of the book. I'd like to hear from people who've taken advice from the Barefoot Investor and how you are now. + +In my opinion you should get this book if: + +- You have no idea how to budget. +- You are confused about insurances. +- You're heavily in debt. +- You have a credit card. +- You share a similar vision to the author about buying a "forever home" and providing stability for your family through your retirement until death. +Hello Everyone! + +Ape help ape. + +\*\*Final one for a few weeks!\*\* + +Howdy all! I've been immensely happy for the good reception this has been getting, and for all the people helping in their needs. I'm just so happy for that. Now just like I always ask, is everyone holding up okay? The world is still very turbulent, and the same applies personally for many too. Alot of people have been having things rough. It's okay to take a breather! Maybe do a little yoga, stretch it out. In, out... ahhhhh! + +While it may still be summertime (depending on where you're from), school is back in session! Whether you're starting another semester at a university, or the little kiddos have their first day back, this can be a crazy time of year. It's okay, take a breather. Enjoy the weather, put your toes in the grass and just feel the breeze. Good things are coming. On the GME front, the Q2 earnings call is coming up, only a week or two away! I know I'm excited to finally see those post splividend, juicy DRS numbers! Even after news of some institutions selling last week (more than likely SHFs) and the number dropping due to the increased free float, just a week later, the percentage locked is nearly back to what is was. They can't stop this! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leeway will be given but outright \*\*saying you sold\*\* (true or not) is not the best to post and \*\*WILL be considered FUD.\*\* No fud please. Basically not spreading of fud and not talking of selling and you'll be good. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +As for the critics, not everyone who's struggling is over leveraged. Alot can change in a year or even just a few months, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone has an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍❤️ + +Stay cool! Don't lose hope, not just in moass or Ryan Cohen, but \*\*never lose hope in yourself!\*\* Love everyone. + +WAGMI. +Not a full analysis, but to keep this quick and punchy: + +- Widely publicized labor issues plus a generally unfavorable market for growth, Starbucks stock is significantly down, and at relatively cheap prices. + +- [P/S ratio less than 3](https://www.macrotrends.net/stocks/charts/SBUX/starbucks/price-sales), when more commonly it trades around 4x revenue; + +- paying a [dividend yield of about 2.5%](https://www.macrotrends.net/stocks/charts/SBUX/starbucks/dividend-yield-history), when typically it's in the 1.5-2% range. + +- Historically a very good business characterized by [strong ROIC](https://roic.ai/company/SBUX) in the 20% range, and good growth. + +- I'm not talking about P/E or FCF yield because the last few years have been weird; big losses around covid; so it's hard to say how meaningful the last 1-2 years are, relative to where they might be going forward. + +- The founder, Howard Schultz, is back leading the company and made several large personal purchases of SBUX shares around the start of May. He did another successful turnaround of the company about ten years ago, I read his book about it, who knows if twice is a charm though. + +- High uncertainty around what will happen with the unionization efforts. Workers in general are less willing to put up with crap, and while Starbucks has (so far as I understand) relatively much better benefits, 401k match, etc for baristas than many similar jobs -- it's still customer-facing and not an easy place to work... And the baristas have a lot of pressure to keep up the ethos and atmosphere of the company. + +- Spike in long term debt (doubling to ~$21 billion, relative to what it was pre-COVID). I find this pretty concerning. + +To me, I'd call this slightly too much uncertainty to dive in, but for anyone with strong conviction about the long term prospects of Starbucks - the current price seems like a very attractive one. + +Thoughts? +Not a full analysis, but to keep this quick and punchy: + +- Widely publicized labor issues plus a generally unfavorable market for growth, Starbucks stock is significantly down, and at relatively cheap prices. + +- [P/S ratio less than 3](https://www.macrotrends.net/stocks/charts/SBUX/starbucks/price-sales), when more commonly it trades around 4x revenue; + +- paying a [dividend yield of about 2.5%](https://www.macrotrends.net/stocks/charts/SBUX/starbucks/dividend-yield-history), when typically it's in the 1.5-2% range. + +- Historically a very good business characterized by [strong ROIC](https://roic.ai/company/SBUX) in the 20% range, and good growth. + +- I'm not talking about P/E or FCF yield because the last few years have been weird; big losses around covid; so it's hard to say how meaningful the last 1-2 years are, relative to where they might be going forward. + +- The founder, Howard Schultz, is back leading the company and made several large personal purchases of SBUX shares around the start of May. He did another successful turnaround of the company about ten years ago, I read his book about it, who knows if twice is a charm though. + +- High uncertainty around what will happen with the unionization efforts. Workers in general are less willing to put up with crap, and while Starbucks has (so far as I understand) relatively much better benefits, 401k match, etc for baristas than many similar jobs -- it's still customer-facing and not an easy place to work... And the baristas have a lot of pressure to keep up the ethos and atmosphere of the company. + +- Spike in long term debt (doubling to ~$21 billion, relative to what it was pre-COVID). I find this pretty concerning. + +To me, I'd call this slightly too much uncertainty to dive in, but for anyone with strong conviction about the long term prospects of Starbucks - the current price seems like a very attractive one. + +Thoughts? +# From Zero to Everything + +Amazon.com, Inc. (“Amazon”) went from zero to one *everything* – starting as a simple online bookstore in the 1990s, every piece of the puzzle seemed to fall into place over the years to create the $1+ trillion leader in ecommerce, cloud, and ecommerce channel advertising we know today, *the everything store.* + +Amazon is a company like no other. It was a technology company when nobody saw it, believed it, or even *thought* it. On the surface, it was just an online bookstore. Deep down, it knew its opportunities were endless. It pioneered *cloud computing* with AWS, created the greatest online shopping experience based on *price, selection*, and *convenience*, and designed the market-leading Kindle eBook readers. Today, Amazon sees no limits – it operates in streaming, advertising, cloud computing, ecommerce, physical stores, consumer goods, publishing, and *more*. + +# Where Are We Now + +It is still *Day One* at Amazon today. Growth in Prime users is strong and same-day/one-day delivery may soon be a reality for many products in most cities. Amazon has also been making strides in areas outside of e-commerce – cloud services, gaming, entertainment, and advertising, among others. + +Amazon has been investing heavily at the expense of its free cash flow. Management indicated 40% of capital expenditures are feeding infrastructure (mostly the fast-growing AWS), 30% is fulfillment capacity, and the balance is mainly transportation capacity. + +* Amazon is still feeling some margin pressure mainly due to the retail segments across the globe. However, North America's operating loss was only $627 million compared to the $1.6 billion operating loss recorded in Q1 2021. Andy Jassy, CEO of Amazon, noted in the Q2 2022 press release that Amazon is making progress on reducing / finding efficiencies in the controllable cost base. Excluding obvious impacts of inflation, Amazon noted it has improved the productivity of its fulfillment network and will continue to do so. While the company still did not record positive free cash flow, it seems there is a path forward to get back on track within the next several years. +* AWS recorded another quarter of strong growth in Q2 2022 (+33% year-over-year excluding the impacts of currencies). In 2021, AWS saw some acceleration in growth as organizations were pulling forward some cloud & IT spend to modernize their operations. At first glance AWS growth rates appear to have decelerated, but we believe the strong growth rate is intact. AWS also posted slightly stronger operating margins vs. Q2 2021 at 29.0% vs. 28.3%. On a TTM basis, AWS operating margin was 31.1%. +* Amazon's Online Stores segment reported year-over-year revenue growth of 0% in Q2 2022 coming out of the pandemic. In Q2 2020 and Q2 2021, Online Stores saw year-over-year revenue growth rates of 49% and 13%, respectively. We believe the dire-looking growth in this quarter is simply the unwinding of the COVID benefit to a normalized growth rate going forward. It is possible the results may look and feel much better next year when Amazon laps its 2022 results. + +# Investment Thesis + +Amazon was, is, and will always be a company that puts the customer first. By dialing in on fostering exceptional customer experiences and value, the company kickstarted a never-ending virtuous cycle that started from the very first customer and continues to benefit every customer to this very day. + +1. Amazon is a global technology conglomerate that generates revenues from six major areas - Online Stores, AWS, Third-Party Selling Services (“3PSS”), Subscriptions, Physical Stores, and Other (mainly advertising). The company has over 200 million Prime subscribers, almost 500 million square feet of real estate to drive its operations, and it is hungry for more. +2. Amazon has one of the widest moats across its main offerings – ecommerce, cloud computing, and advertising. The virtuous cycle that begins and ends with the customer is the source of high switching costs, powerful network effects, cost advantages, high barriers to entry, and a reputable brand name. +3. Amazon faces potential risks with Jeff Bezos stepping down as CEO, antitrust concerns posing a perpetual threat, Microsoft Azure gaining ground in the cloud market, margin pressure from growth investments, and competition from incumbents across many saturated markets. +4. Secular industry tailwinds and competitive advantages in ecommerce, cloud computing, and advertising will buoy Amazon’s financial and competitive position throughout this decade *at a minimum*. +5. Growth and reinvestment opportunities are vast, laying the groundwork for a long growth runway. + +# Key Company Metrics + +These are the metrics I keep updated to monitor the investment thesis. + +[https://i.imgur.com/Cgowy2S.png](https://i.imgur.com/Cgowy2S.png) + +Net Sales by Segment (Q1 2022) + +[https://i.imgur.com/x5IfZLn.png](https://i.imgur.com/x5IfZLn.png) + +AWS Annualized Run Rate Revenue + +[https://i.imgur.com/Yp4EFFv.png](https://i.imgur.com/Yp4EFFv.png) + +Margin Metrics + +[https://i.imgur.com/svhOg4K.png](https://i.imgur.com/svhOg4K.png) + +Total Square Footage + +[https://i.imgur.com/3juQIz4.png](https://i.imgur.com/3juQIz4.png) + +Estimated Prime Members + +# Competitive Advantages + +One of the most profound concepts fostered by Amazon is the idea of a “virtuous cycle” focused on the customer. At Amazon, every move begins and ends with the customer in mind. + +The result is exceptional customer experience, which leads to more traffic and product reviews, attracting more sellers, thus contributing to a greater selection across all product categories. The result? Improved customer experience, which kicks off the virtuous cycle all over again. + +The virtuous cycle inherently explains the impact of a **network effect** – by uniquely focusing mainly on the customer, sellers experience more interest and sales in their products as customers return to Amazon.com for their shopping. As the customer base grows, so do sellers and their product selection, and vice versa. + +AWS is the most widely known and used cloud platform in the world, and Amazon’s advertising segment is gaining ground at a rapid pace. AWS and both sponsored and non-sponsored advertising benefit from network effects. + +The former benefits from a vast user base of some of the largest enterprises in the world, increasing the likelihood that other organizations searching for a cloud platform will choose AWS. + +Additionally, AWS improves as more users initiate usage of the platform, collecting data from many customers to create a more effective suite of cloud services and innovate in and around the AWS ecosystem to provide an ever-growing number of services to meet organizational needs. + +Currently, AWS offers over 200 fully featured services across the ecosystem, the most depth and breadth of services out of any of the major three cloud providers (i.e., AWS, Azure, GCP). The latter benefits from network effects in two distinct ways – companies using sponsored advertising benefit from the large (and growing) Amazon customer base to drive sales, and those on non-sponsored advertising solutions benefit from a combination of data-driven programmatic advertising and popular Amazon media platforms, which are flush with users. + +Stemming from the aforementioned network effects are **cost advantages, high barriers to entry**, and the benefit of a global and highly reputable **brand name**. In other words, these moat characteristics are all interconnected - Amazon wins because it can offer products at a lower price than almost any company in the world, which gives it its scale, a deterrent of competition in and of itself. + +According to Evercore, over 80% of Amazon customers in their survey are either “very satisfied” or “extremely satisfied” with Amazon, alluding to the fact that the company puts the customer first. + +This is an unattainable feat for virtually any company in the universe. We believe these factors contribute to the reputable brand name of Amazon, which in turn helps drive adoption of other services, like AWS and advertising. + +Although it may seem that products and services sold on Amazon.com have low switching costs given the plethora of other ecommerce websites and streaming services available to consumers, we believe consumers face **high switching costs** when considering the power of the selection-price-convenience trifecta. For the roughly 200 million Prime customers around the world, there is virtually no viable alternative that offers the variety of products for the low prices and free express shipping on millions of items. + +At a cost of around $100 per year, Prime customers break even rather quickly considering the amount of shopping they do on the platform. **According to Evercore research, Prime customers spend 2 – 3 times more money per month and shop twice as frequently as non-Prime customers**. Additionally, more than 75% of Prime customers purchase products 2 – 3 times per month on Amazon.  + +We believe this consumer behavior and the extremely attractive price point of a Prime membership for the value it offers (i.e., free one-day and two-day shipping, Prime video, unlimited music streaming, and Amazon Prime Reading) brings to light the strength of the trifecta and how unattractive single-store direct-to-consumer alternatives appear to be in comparison regarding price, selection, and convenience. **Why shop anywhere else when you’ve got Amazon carrying most, if not** ***all***\*\*, of your favorite products?\*\* + +AWS and Amazon Advertising should not be left out of the “switching costs” conversation. AWS customers may be reluctant to leave due to tangible and intangible costs as they relate to the following decision factors: + +1. AWS provides the most services out of any cloud provider, making it rather unlikely that there is much benefit in a customer switching cloud providers. +2. Cloud functionality may be similar, but not quite the same between providers. It may cost lots of time and money to recalibrate processes, databases, and functionalities between cloud providers. +3. Cloud operations are massive – it is unlikely internal organizational teams will be able to learn another cloud platform and its uses quickly enough to avoid business and operational interruptions. + +Amazon Advertising customers looking to leave the platform would also face enormous direct and indirect costs. For one, sponsored ads are hosted on the largest ecommerce website on the planet – what better place to advertise your product than a website where hundreds of millions of visitors are already shopping for products? + +Further, Amazon’s non-sponsored advertising and demand-side platform (“DSP”) programmatic advertising could provide a more compelling offering than other DSPs, such as The Trade Desk, given Amazon’s reach across proprietary sites and apps on top of third-party exchanges where many DSPs solely operate. + +Advertisers on Amazon leverage the unimaginable power of Amazon consumer data to place effective and relevant ads across many platforms – we believe most advertisers would face internal backlash and reluctance towards cutting off Amazon’s advertising services. + +[https://i.imgur.com/go2G5XG.png](https://i.imgur.com/go2G5XG.png) + +[https://i.imgur.com/z9ZJpUt.png](https://i.imgur.com/z9ZJpUt.png) + +Market Shares + +# Opportunities Ahead + +* **Amazon is the best-positioned e-commerce platform, in our view.** The company keeps swallowing up distribution and fulfillment center space around the world. The company has a massive footprint and not many other retailers will be able to compete. In fact, we think Amazon will continue to reign as king in the market it created a bulletproof moat in. The company also has a massive lead in market share – over 40% of total e-commerce sales are fulfilled through Amazon. In stark contrast, Walmart, Amazon’s main e-commerce competitor, holds less than 10% of the market. We believe this displays Amazon’s role in the market as the consumer’s top pick for online shopping. +* ***Advertising Services*** **is the fastest-growing segment at Amazon.** Roughly 90% of Amazon’s ad revenues are derived from e-commerce channel advertising, a niche Amazon had carved out for itself using its own e-commerce platform. We believe e-commerce is a strong secular trend, and advertisers will find value in placing ads on Amazon as advertisers look away from traditional media (i.e., print, magazines, TV, etc.) to areas where more eyeballs can be captured. Amazon is one such place as e-commerce penetration increases. +* **JPMorgan estimates that only 15% of workloads around the world are in the cloud, a far reach from where it can (and should) be.** There are many advantages to shifting from on-premises locations onto the cloud – lower IT costs, almost infinite computing power, faster deployment, implementation, and scalability. In a decade when 5G, the Internet of Things, edge computing, and growing data consumption will change how the world looks today, it should come with no surprise that outsourced cloud adoption is expected to accelerate exponentially. AWS benefits from first-mover advantage and the breadth and depth of its 200+ services provided on the platform. It controls almost 60% of the infrastructure-as-a-service (“IaaS”) and platform-as-a-service (“PaaS”) combined market, ahead of Microsoft Azure and Google Cloud Platform at 34% and 8% market share, respectively. Although Microsoft leverages its reputation among the corporate community to provide organizations with a full and convenient IaaS, PaaS, and software-as-a-service (“SaaS”) suite of services to capture 50% of the overall cloud market share, Amazon leads where it matters most – IaaS and PaaS, which will both experience growth of over 25% through 2024 while SaaS grows at about half the CAGR. **We believe AWS will maintain its lead and continue to capture a significant portion of the growing TAM** for the following reasons: + +1. AWS has significantly more services, features within those services, and the deepest functionality within those services than any other cloud provider. +2. AWS has the strongest reputation and largest network of users among the top three cloud providers. The AWS Partner Network (“APN”) is robust and fosters a community of partners that build AWS-derived solutions for sale through the platform. More than 90% of Fortune 100 companies and most of the Fortune 500 companies use the APN. +3. AWS has the longest track record of operational expertise as the longest serving cloud provider while consistently growing and maintaining the first-place spot in the IaaS / PaaS market. +4. AWS has the largest network of global cloud infrastructure, playing into the technological trends which can only be enabled with low latency and massive computing power. + +* **Amazon's Prime membership is, quite frankly, one of the best consumer value propositions out there today**. The service varies in pricing by country. Using the US Amazon Prime membership as a proxy, the membership only costs $139 per year, or $14.99 per month. Considering all [these benefits](https://www.amazon.com/primeinsider/about), anyone interested in a Prime membership for any purpose is likely to find high value in many of the other perks. For example, someone who would like a Prime Video membership can pay a few dollars more each month to gain access to everything else. On the delivery side, the payback period for a year's worth of Prime is extremely short — depending how much one values their time, it could pay off within a few orders. At most, it will pay off after about 14 orders in a year, assuming one-day delivery costs $10 per order, on average. It's easy to rack up more than 14 orders per year. In fact, the average Prime member orders 24 times each year and for an average total of $1,400. Think about it — everyday items, like shampoo or deodorant, and gifts, gadgets and accessories, non-perishable food items, grocery and prescription drugs, over-the-counter drugs and health goods, and plenty more are purchased many times throughout the year. The average Prime member actually saves money and our most value asset, time, and gets everything else — Prime Video, Music, Reading, Photo Storage, etc. — for free. +* **Amazon is pulling the optionality levers available to the company.** Amazon recently closed on its $8.5-billion acquisition of MGM, which opens up a catalogue of over 4,000 movies and 17,000 shows, including James Bond and the Rocky franchises. More important than the existing catalogue is the intellectual property at MGM that will help Amazon beef up its content on Prime Video. Outside of Prime Video, Amazon is dabbling with luxury stores, physical pharmacy, Amazon Go, and plenty of other things we do not yet know about over the next 5 - 10 years. + +# Risks + +Amazon established a wide moat across several markets, but its moat does not protect it from all forces – internal or exogenous. We believe the factors presented below represent some of the greatest risk to Amazon’s financial, operational, or competitive positions across all time frames: + +* Amazon operates across many saturated markets and faces competition from well-established incumbents in each area (ex. Streaming – Disney+ and Netflix; Physical Stores – Costco and Walmart; 3PSS – Etsy, eBay). Lack of focus, poor strategic moves, and dilutive mergers or acquisitions in any of its segments may result in lost market share and in more severe cases, a full exit from the segment. +* AWS competes mainly against Microsoft Azure, a cloud provider that has been growing faster than AWS and controls the overall cloud market due to its well-known business solutions and integrated IaaS-PaaS-SaaS platform. AWS’s lack of a complete suite of SaaS services, consumer industry reluctance of AWS adoption due to competition concerns, and Microsoft’s strong corporate relationships could result in Microsoft taking over AWS’s controlling position in the IaaS / PaaS market. +* Amazon’s sheer size raises constant antitrust scrutiny from governments around the world. The timing, severity, and outcome of these investigations are deeply uncertain and could result in Amazon being broken up into several smaller companies and depressed valuations if shareholders see fewer opportunities for growth in the future if this were to occur. +* Andy Jassy has taken over Jeff Bezos as CEO, presenting potential risks to the future of the company if the strategic course of the were to diverge dramatically from Bezos’s mission. +* Amazon is still in growth mode – margin pressure will remain a risk in the short- and long-term. + +For those that ask, all charts are from [Stratosphere.io](https://stratosphere.io/) . They have more, but I opted to only include the ones relevant to my DD. +Aircraft manufacturing is amongst the most oligopolistic industries out there. >90% of the market is divided between Boeing and Airbus. No player in the value chain seems to have stronger bargaining power. + +Why do they still have such shitty financials? Is it because their capital outlays compete with foreign government subsidies? + +I'd love to learn from someone who knows the industry! +See Example 6.1 in this PDF for a problem statement, the case shown is for 2 bets, I have a function for N bets but I am stuck on the max( f(x\_i) ) as my N is typically large (10 - 15) hence very very slow (using scipy from a lambdified simply expression) happy to share the script with anyone interested in helping, its already in a GitHub repo so just comment and I can share the link in a pm or whatever + +&#x200B; + +My steps are insufficient because I do not have a great expression to optimize (it is too complex) therefore I am curious how people would approach this problem / what am I not thinking about!? + +&#x200B; + +If you want to see the code, you can find it at the following GitHub link [https://github.com/analyticalRedditor/sportsbook/blob/main/testerDesktop.py](https://github.com/analyticalRedditor/sportsbook/blob/main/testerDesktop.py) +I read this somewhere that it is more important to determine the direction in which the market will move rather than the actual price. My concern is how will I know how far the move up/down will go. Are classification systems better than regression systems for time series data? +So, for context: +I'm a 20 year old male with a girlfriend who I love very much. + +About half a year ago I found out about the BRRRR method, flipping houses and real estate investing in general and have been reading as much as I possibly can about the subject as well as watching some YouTube videos on the subject. + +I recently mentioned this newfound passion of mine to my girlfriend and she started calling me names, said I was stupid and the whole lot. The thing is, money has been scarce in her live so far and therefore she was thaught not to do anything risky with it. + +Now, I have been planning, for the past few months, to save up for a duplex or triplex for us to live in while we finish our master's degrees but she is obviously not at all interested in renting out anything, not even if it's a seperate apartment. + +So, my question for you, dear reader, is: What should I do? + +------------------------- +EDIT 1: +Been banned from commenting or posting, guess you guys got something out of this post tho. +I won't be letting her go based on this one incident. You guys might be right about me ending up in a cubicle but hey, that's life for most people. + +EDIT 2: +Unbanned!!! I was collateral damage :)))) + +Thanks for reading! +Apologies if this has been answered before, I did my best to search but didn’t come up with much. Disclosure, I don’t have this money (I wish I did) but I have a theoretical question. For all the over night Shiba millionaire and billionaires, are they able to cash out? I understand there are fees and taxes but if someone’s $2000 investment was worth $100,000,000 could they just transfer it to another coin and cash it? Could they cash directly from Shiba and would it be worth the value that shows in their portfolio? I have a high school acquaintance on Facebook who had $3000 invested and he’s now flaunting it all over social media calling himself a billionaire showing screenshots of his wallet. Is he really? Thanks for any info. +Hey guys. I'm playing more and more golf and I've had my eye on a local country club to join. They have some great stuff for the kids, and unlimited golf for me. I'd love to hear your thoughts. + +Also, they are in the private club network for golf. Anybody use this network for golfing other clubs? Thoughts here? Thanks. +1. It has high yield. For example half a potato in the ground can produce 4-5 potatoes in a few months. 500% yield +2. There are no taxes on food you grow and eat yourself +3. Growing food and selling it is a great way to kick start a local bitcoin economy +4. The coming bitcoin softfork is called Taproot +Healthcare ruins the 25X expenses rule for me. I run the numbers and it becomes pointless to estimate my retirement expenses when I'm old to my expenses now given how much healthcare costs will factor into the calculations. + +I can only see healthcare costs rising in the future and it makes me feel like even with compound interest and expected equity returns, they will be completely dwarfed by the exponential rise in healthcare/insurance costs when I get older. I certainly won't bet my retirement on the hope that costs will come down. + +The 4% rule is supposed to provide some justification and reassurance to quit my job and retire. I don't think I can ever feel reassured with healthcare always looming over everything. + +Does this bother anyone else as much as it does me? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +The idea of a recession is kind of terrifying, it's not something I've experienced before (being in my early 20s). +What can I do to make sure that I protect myself financially? Or even, is there anything I can really do? +Any advice would be appreciated. +Guten Morgen to this global band of Apes! 👋🦍 + +Today is the day that many Apes have been waiting for! The Evergrande situation appears to be rapidly expanding into a catalyst for market volatility, and volatility only hurts those who don't have Diamantenhände. The MOASS is inevitable, this we know, but the contagion effect of an Evergrand default, a possible Chinese bailout, and the impacts in other sectors is likely to put even more pressure on the Short Hedge Funds' balance sheets. Meanwhile, most Apes have already (or will soon) have some shares directly registered in their name at ComputerShare, effectively taking the game pieces off the board and letting the DTCC/SHFs try to figure out how to keep playing the game with fewer and fewer pieces. They're in a tighter position than ever, and momentum is clearly on our side. I cannot wait to see what this week brings! + +Today is Monday, September 20th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$198.01 / 168,86 €** *(volume: 3794)* +- 🟥 115 minutes in: $198.08 / 168,93 € *(volume: 3791)* +- 🟥 110 minutes in: $199.52 / 170,15 € *(volume: 3331)* +- 🟥 105 minutes in: $199.60 / 170,22 € *(volume: 3106)* +- 🟩 100 minutes in: $199.62 / 170,24 € *(volume: 3049)* +- 🟩 95 minutes in: $199.40 / 170,05 € *(volume: 2942)* +- 🟥 90 minutes in: $199.19 / 169,88 € *(volume: 2665)* +- 🟥 85 minutes in: $199.78 / 170,38 € *(volume: 2319)* +- 🟩 80 minutes in: $199.81 / 170,40 € *(volume: 2287)* +- 🟥 75 minutes in: $199.74 / 170,34 € *(volume: 2082)* +- 🟥 70 minutes in: $201.64 / 171,96 € *(volume: 1036)* +- 🟥 65 minutes in: $202.51 / 172,70 € *(volume: 993)* +- 🟩 60 minutes in: $202.77 / 172,93 € *(volume: 953)* +- 🟥 55 minutes in: $202.68 / 172,85 € *(volume: 950)* +- 🟩 50 minutes in: $203.39 / 173,45 € *(volume: 704)* +- 🟥 45 minutes in: $203.22 / 173,31 € *(volume: 694)* +- 🟥 40 minutes in: $203.33 / 173,40 € *(volume: 671)* +- 🟥 35 minutes in: $203.63 / 173,66 € *(volume: 634)* +- 🟥 30 minutes in: $204.24 / 174,18 € *(volume: 581)* +- 🟥 25 minutes in: $204.40 / 174,31 € *(volume: 482)* +- 🟥 20 minutes in: $204.44 / 174,35 € *(volume: 446)* +- 🟩 15 minutes in: $204.79 / 174,65 € *(volume: 395)* +- 🟥 10 minutes in: $204.51 / 174,41 € *(volume: 386)* +- 🟥 5 minutes in: $204.78 / 174,64 € *(volume: 271)* +- 🟥 0 minutes in: $204.85 / 174,70 € *(volume: 70)* +- 🟥 US close price: $204.97 / 174,80 € *($205.00 / 174,83 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.17259001. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Not looking for educational answers here guys! I'm just looking for entertaining stories about the destruction of your dreams as you failed miserably despite all the prep (or lack thereof that you did). +Seriously we need to concentrate on AMC and GME these others stocks are hedge fund distraction pull your tendies from them and push the Reall stocks We are letting amc get beat down +Those of us here have a view of money that differs from most of the population. Where they see it as something to be accumulated and spent, we see it as a path to freedom. + +While you surely know pitfalls of the standard approach to money, I'm coming here today to talk to you about the opposite extreme. + +How much is enough? + +Being here, you're probably frugal. You're probably good at saving and investing and have a good amount of money already banked up. If you're like me, you take pride in this fact. + +Using myself as an example, I'm in my mid 20's, and have over $150k, which I'm quite proud of. However, what many years ago seemed like a massive goal (100k), now seems trivial. I want to hit 1mil. + +Who's to say, when I hit 1mil, the goal becomes 10mil, 20mil, And I'm never satisfied? + +Since getting into the stock market, what started out as a fun game to grow money has grown into stressing over charts, and ignoring things that don't bring a positive cashflow. There is the obsession to reach the goal, but who's to say that the goal will change once it is reached? + +I'm sure you've experienced similar situations. How did you find you stopping point, and how do you control the urge to pursue further and further growth? +I believe this sub is for people who are creating algorithms and trading on a high frequency basis. I don't need to do that, what I am looking to do is shorten the long hours I put into my work on the weekends to a few short minutes on a daily or weekly schedule. + +I gather the information by looking up Yahoo! Finance and enter it into a Google Sheets I use to track. I have additional tabs which I highlight and drag one cell down to perform all my new calculations. + +How do I best automate this process? Do I have to learn Python or C+? I am looking for direction on where to best begin for simplifying my life. +[Source](https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/april/ustr-proposes-products-tariff) + +[Here](https://ustr.gov/sites/default/files/enforcement/301Investigations/Preliminary_Product_List.pdf) are the list of the products being tarriffed +It’s pretty damn irresponsible for the clowns on CNBC, Bloomberg, YAHOO, etc....to constantly ask if we are bottoming or near the bottom. + +I get it. People became so conditioned to buy a bounce that it became something you do without thinking. But even when presented with a problem as serious as the current inflation- they really didn’t show concern. That was amazing to me. + +Hell no we aren’t near a bottom and they know it! +Anyone who has lived long enough and has a memory knows we aren’t. + +Here’s how it goes (from my 2000 & 2008 personal experience): + +First, some exuberance gets massacred. A little less air in the bubble. Immediately the analyst are all over the media telling you what a great opportunity this is to buy. + +Next, the mega tech stalwarts start to take a hit and the market goes into correction. Ouch - ‘we’re close to the bottom time to buy’ they say 😂 + +Next, earnings start to suck. They try to tell you it’s unexpected and isolated. Market goes down some more. (We are here) + +Then, nearly all companies reporting say they’re concerned and/or lowering guidance. Market goes down some more + +Then, forward earning estimates start to get slashed nearly across the board as analysts have gotten the green light that the firm is in the clear and it’s ok to tell a story closer to the truth. Market gets hammered. + +Then, people sell even more because of emotion and despair. Market goes down some more - this is when we are close to a bottom. This is the capitulation phase. I’ve been trying to tell people that they will recognize it. You can’t miss it! Time to slowly start buying. + +But we don’t just fly up at that point. The market is filled with apathy and the investing public is worn down, disinterested, and illiquid. We trade in the wallows against the other pros for about 9-12 months. Also a good time to buy. + +This shouldn’t upset anyone. + +This is r/Daytrading +I’m trying to reach 30k a year in dividends. My current portfolio yield is 3.246%. I do have some growth stocks in there (TSLA, ENPH) which I plan on swapping out for higher dividend payers in a few years. I’m personally just trying to build more passive income to retire early. Just curious what people’s goals are here and why you have those goals. +There's about $50K in the 401K. It's made a whopping 2% return over the last few years. Honestly I've never seen that crazy of a portfolio for 401K, it's like an ETF with all sorts of holdings in bonds and weird MFs, which I know nothing about. (Don't invest into something you don't understand). + +I propose to move it over to roth IRA and split into: + +O - real estate exposure + +HD or WM - seem to be solid. Unlikely to be disrupted by any "tech" in the next 20 years. + +And SPHD - monthly drip + +Possibly SCHD - I think it's a very solid ETF. + +I have additional investments in crypto and some tech ETFs so I'm still relatively diversified. But that 401K isn't working. + +**Edit, I'm definitely dropping HD, for some reason I thought it was $86/share. WM probably not going to make the cut. +For a "dividend" buy-in, I don't want to look at anything above $100. Basically I don't see any reason to get something at $300 / share, if they pay you $.45 quarterly. I'm looking for more income to make drip compound faster. + +For growth I have exposure through other ETFs, where dividend income / drip isn't the primary goal. + +Long story short, my current plan is to go 30/30/20/20 on: +O, SCHD, SPHD and IDV to hedge against mostly US investments, which I carry otherwise. +I’ve put an offer in which has been tentatively accepted on a rural property. It’s an hour and a bit from Melb cbd but I could not justify paying 400k for a box apartment. After 10 years of city living I am over hearing other people when I get home. + +Pros. +Space - I was sick of apartment living. +Repayments will be cheaper than my rent. + +Cons. +hour and 20 train to work. +Lack of cafes etc +Ability to meet people for dates. + +I want to travel next year when restrictions are lifted. Would it be dumb to purchase even if I plan on renting in the future? +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, I truly believe that we are standing at the brink of an event that will be written about and remembered well into the future. As the markets bled on Friday following increasing inflation numbers, GameStop held firm and remained green for the day. With signs that the mortgage backed securities market is heading into a fire sale and that the Fed is going to need to be more aggressive with interest rates, I have a feeling that we are going to see an incredible amount of turmoil this week as many investors act on high emotions. + +Fortunately, Diamantenhände takes emotion out of the equation. These are events that were predicted well over a year ago, and each step closer to the edge is another closer to the moment when the SHFs can no longer maintain their short position and are forced to close. Once that moment happens, I think we can only guess what is going to happen as each brokerage scrambles to stay afloat. One thing is for certain - the only truly protected shares are at ComputerShare. Brokerages will be pulling all manner of tricks when the cards start to fall, and some brokerages may collapse along with everything else. If your shares aren't in your own name, there is a very real risk that you will not be able to HODL them through the collapse. This is especially true if your shares are lent by your broker. + +If you haven't yet DRSed your shares, there is no better time than now. + +Today is Monday, June 13th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$127.25 / 120,30 €** *(volume: 2698)* +- 🟥 115 minutes in: $127.32 / 120,36 € *(volume: 2568)* +- 🟥 110 minutes in: $127.52 / 120,55 € *(volume: 2406)* +- ⬜ 105 minutes in: $127.71 / 120,73 € *(volume: 2010)* +- 🟩 100 minutes in: $127.71 / 120,73 € *(volume: 1925)* +- 🟥 95 minutes in: $127.48 / 120,51 € *(volume: 1907)* +- 🟥 90 minutes in: $127.76 / 120,78 € *(volume: 1906)* +- 🟩 85 minutes in: $128.03 / 121,03 € *(volume: 1873)* +- 🟥 80 minutes in: $127.75 / 120,77 € *(volume: 1833)* +- 🟥 75 minutes in: $128.00 / 121,00 € *(volume: 1793)* +- 🟩 70 minutes in: $128.30 / 121,28 € *(volume: 1789)* +- 🟥 65 minutes in: $128.15 / 121,15 € *(volume: 1780)* +- 🟩 60 minutes in: $128.18 / 121,17 € *(volume: 1709)* +- 🟥 55 minutes in: $128.07 / 121,08 € *(volume: 1544)* +- 🟩 50 minutes in: $128.26 / 121,25 € *(volume: 1329)* +- 🟥 45 minutes in: $128.08 / 121,09 € *(volume: 1211)* +- 🟥 40 minutes in: $128.09 / 121,09 € *(volume: 1167)* +- 🟩 35 minutes in: $128.13 / 121,12 € *(volume: 1027)* +- 🟩 30 minutes in: $128.03 / 121,03 € *(volume: 857)* +- 🟩 25 minutes in: $127.94 / 120,95 € *(volume: 853)* +- 🟥 20 minutes in: $127.91 / 120,93 € *(volume: 583)* +- 🟩 15 minutes in: $127.94 / 120,94 € *(volume: 330)* +- 🟥 10 minutes in: $127.93 / 120,94 € *(volume: 298)* +- 🟥 5 minutes in: $128.03 / 121,03 € *(volume: 132)* +- 🟥 0 minutes in: $128.20 / 121,19 € *(volume: 93)* +- 🟥 US close price: $129.09 / 122,04 € *($128.80 / 121,76 € 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 1.0578. 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! +As per page 6 on the NSCC-002 rule filing... + +"Under the current Rule 4(A), NSCC performs calculations on a monthly basis, no later than the fifth day prior to an Options Expiration Activity Period" + +Options for May expire on the 21st + +Source: https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf + +No dates apes but tits are fucking jacked +Today I'm officially in bestiality territory. What?! That's right, I'm officially an XXX ape. + +Back in February was able to talk a single person close to me into buying about a dozen shares when it was still at 40. Since then everyone else I know thinks I'm batshit crazy and laughs at me every time I mention GME. They think I'm no better than QAnon folk. Even when I don't bring it up, someone else inevitably will ask how it's doing (*great, thanks, I'm still green assholes*), I've finally just stopped ever bringing it up in real life, so you apes are the only ones I can tell it to and celebrate with. + +It's taken me a lot longer than I wanted since I've been laid off for over a year due to Covid (something else I haven't told most people about), but with enough scrimping and saving and buying dips and dipping into the emergency funds, I finally made it! + +Thanks for sticking with me guys. Thanks for all the hard work and reassurance and all the confirmation bias I would ever need. See you all when we get to the edge of the observable universe. +Being in this for 6 months, I’ve hit my zen place but that doesn’t mean I’m not hyped to read every fucking post that hits this sub. Why? Because there is constantly new info and analysis that the best hired team a hedgie (r fuk) firm could buy couldn’t even bring together. There are almost half a million eyes in this sub that are watching and analyzing every tiny little change relating to GME. The number one rebuttal I have for people that write this off is “do you really think you or your finance major buddy is more intelligent than 500,000 fucking people sharing information and analyzing??” If an unknown blogger writes the words “game” and “stop” in the same article, it will be found and mentioned here. It is wild how absolutely on point and dedicated every ape is. Even the silent majority do their part by upvoting and bringing rise to the important info that then will rise and be seen by the rest. It truly will be a sad day post MOASS when the god tier DD about this once ever event and the rest of this economic bubble slows down. Not saying the DD on GME will stop but you know what I’m sayin. My only posts are always about some base level observational bs like this, no DD cuz I do got me smoove one but I hope it helps others who are new or still unsure to see some perspective from someone who has hit that zen place of no matter wha happens.. this bitch is a fucking goldmine investment. (Not financial advice but is fine ape advice) 🚀🚀🚀 + +Married couple in mid twenties in a LCOL area. + +Our current net income is right at $9,000 a month, sometimes a bit over. We also have 3 months each year we get a bonus that ranges from $3,000-$5,000. Bonuses are typically spoilt 50/50 toward fun money and our taxable account. Our current monthly expenses are as follows: +- Mortgage - $825.72 +- Groceries and Gas - $600.00 +- Water/Sewer/Electric/ - $225.00 +- Internet - $65.00 +- Cell Phones - $100.00 +- Life Insurance - $65.00 +- Daycare - $1,080.00 +- Personal Spending - $1,000.00 ($500.00 each) + +This leaves us a minimum of $5,000 in income over expenses every month. This breaks down as: +- 401k - $1,625.00 +- College Savings - $600.00 +- Roth IRAs - $1,000.00 +- HSA - $525.00 + +And finally, we are left with $1,250-$1,500 a month which I just throw into a taxable account. In addition, we only have one year of daycare being this expensive. Our oldest daughter starts school next year and it will go back down to $550.00 a month until our youngest starts in 2024. + +Side note: at the recommendation of a few people in the sub, I upped our personal spending from $200 a person to $500 a person per month. Is that too much per month? +Hi all, + +I’m in my late 30s, earning a bit under $150k a year. I’m contributing to a 401k, but was wondering if anyone thought an Acorns (or other app) may be worth it. Any advice out there? + +Thanks! + +EDIT: thanks all for the comments! I definitely would not describe myself as “savvy” with all of this. But I’m taking all recs under consideration! +I'm 38, single and for most of my life I have been poverty level poor. My parents/ family knows nothing about finance. I don't have my degree yet but raised my income a lot in the last 4 years from 25k to 33 to 38 and now 55k. I'm not sure how long I'll be at my current job but I'm earning more $ for now & plan to continue to look for that type of upward salary. I got my 1st credit card at age 36 and raised credit limit from $300 to $9000 within a year, also raised my credit score 100+ pts but lost my damn mind last winter and have a whopping 6k in CC debt on top of $2200 in monthly expenses ($600 temporary travel expenses for a few months for work cannot make it cheaper for now). + +My score dropped over 100 pts and has only started to go up. I have to pay off the credit card debt & still save for an emergency fund as I just whipped mine out between jobs. I'm addicted to food delivery services so today I blocked one card from certain vendors, another card I froze so I can make payments until I've paid off the balance. I have some self loans that are helping my credit, the loan refunds will go to my ER fund and I'll have those in 6 months + tax refund. Once my debt it paid off I plan to have more self loans and a large % of my paycheck deposited into investments, savings and add on CD accounts and regular CD accounts. I'd like to eventually only have slightly more money available each month than needed so I can learn to be frugal, perhaps $200. + +I feel like the only way I can actually get my finances together is to pretend the money isn't there. Also going from poverty to middle class has been a mind trip, I can actually buy stuff now. I've never been able to stick to a real budget and failed miserably with my CC utilization within 6 months of my credit limit increasing. Any other suggestions or advice for how to avoid overspending? It's very hard learning good money habits at my age & I think the discipline will take years to get used to. +Everyone knows this isn't retail selling. + +But back when Citadel clawed back billions from Melvin Capital and received over a billion dollar infusion from Sequoia, those that were paying attention knew what was to come. + +Kenny refilled his mayo jars, and got a top up on short ammo. These moves screamed desperation... and it's going to cause Citadel a lot in the long run. But hey, whatever works, right Ken? "Whatever it takes to buy one more day." + +But guess what Ken... You can't afford the amount of days it would take to stay afloat. But good luck borrowing and calling in favours until everyone knows you're a defeated relic from a corrupt and fading era. +Hello AusFinance, long time lurker first time poster. I (F34) have built a successful career for myself in a creative field, which was my dream job since I was a child. When I say success, I mean that I am working at the top level of my field, and there is no room to grow. I can of course diversify my income streams and get into things like teaching, but that would be quite a different skillset to what I actually do. + + +For all of this, I make between 50k in a bad year to 80k in a good year (pre tax, no super). When I picked this career, I was young and didn’t really understand the financial implications of my choice. Now at 34, I am not sure if I’ve made a bad choice, and whether it is too late to turn things around. + + +I live a very simple life with minimal expenses with my partner (who also works in the same low paying field as me), and am happy for now; I rent an apartment that I can easily afford, I don’t own a car, and don’t really spend big on anything. So while I don’t make much, I’m financially comfortable right now. It has taken a lot of time and effort for me to get here; I was struggling until I was about 29, the last few years I’ve worked so, so hard to save up a bunch, and gotten my career to the place it is at now. + + +With all of that said, I wonder though if what I’m currently doing is sustainable, or realistic going forward. I hung out with some friends over the weekend, and they all have kids and houses and all the "regular" 30-something things. I want kids one day (soon), and I just can’t imagine how I’d be able to achieve that financially. One of my friends was talking about enrolling her kid in private school, and another mentioned buying a larger house. I know comparison is the thief of joy, but I just feel so behind. All of these things like starting a family, buying a house, didn’t matter to me when I chose this career, but I am afraid that despite being comfortable and liking my lifestyle right now, I might struggle in the future with kids in the picture. + + +Since there is no room for direct growth within my current career, I’ve thought about finding a more stable job. But I don’t know what career I could possibly switch to at this point. I have been a freelancer my entire adult life, and I don’t have any other skills, and have never worked in any sort of office or regular job setting, except some retail jobs in uni. If I wanted to increase my earnings, what would I even do? + + +I’m sorry this is a bit ramble-y. But I guess I am asking if anyone else has been in a similar position, and if so, how did things turn out? Do you regret pursuing a dream job with low pay? Also taking suggestions for career options for people who have to start over with no experience in their 30s. +I've been in cryptos since 2011. I know some have been here longer. Respect to you all. + +tl;dr "I've seen some shit." + +The company I originally bought my bitcoins from (for $10, biting my nails at a Walmart customer service counter), **BitInstant**, was shut down and it's founder was jailed. + +I bought mining hardware through **Butterfly Labs**. I didn't receive my miners till it was too late, and I was never able to recoup my cost. The company was shut down and they reached a settlement with the FTC. + +I managed to get my remaining coins out of **Mt Gox** shortly before it too went belly-up, its founder charged with embezzlement. + +I perused the **Silk Road** before it was shut down and Ross Ulbricht was imprisoned. (I never bought drugs; only found the site to be to be an incredible experiment in freedom.) + +Although I did not participate, I was there when **Bitfinex** was hacked, and when ether forked from **DAO**. And on, and on, and on... + +I've seen bubbles come and go. I've seen diarrhea-inducing volatility. I've abandoned all sense of price normalcy. + +I was literally there watching my screen when the BearWhale was slain. I've hodled. I know what it means to be "gentlemen." I know the difference between a Satoshi and a Dorian. I've seen Bitcoin die a hundred times. + +I've seen the Bitcoin community grow toxic over scaling. I've seen censorship, division, and alienation. I've seen some cryptos rise to be worthy contenders to Bitcoin's dominance, and I've seen others turn to dust. + +I've also made life-changing profits. + +These growing pains aren't going to cease any time soon. You don't survive as an early adopter in this space unless you stay on your toes and take the *appropriate precautions*. I can't stress this enough. + +The truth is, it's fucking stressful. I spend hours and hours researching and worrying about what I should do. Just last night I dreamt our house burned down and I lost everything. Not just that, but "loose lips sink ships" so to speak. Sometimes I think I should just shut up about it all. + +But I ain't done riding this wave. It's moon or bust. And I'm proud to be a part of the cryptocurrency community. +When I was 20-21 in community college I became friends with a person twice my age. I was pretty reckless and got myself into a terrible financial situation (credit cards, credit loans, you name it). This friend was worse off than me due to medical bills, etc, and was beginning a graduate program. She asked me to co-sign a student loan, to which I did because my credit was fucked and I did not give a shit about the future (apparently). She asked me to re-up twice and I did. This was a combination of being a young (stupid) person and having a very manipulative friendship that did not end well. + +This person and I have not spoken in 4 years. I'm currently 27, in my first year in a doctoral graduate program. I was able to work my way out of nearly all of my debt (except for my ever-increasing student loan debt), including rebuilding my credit with a secured credit card! Yay me. + +But I received a letter in the mail today that reminded me about this past co-signature. It said that she was delinquent on payments. This is the first time I have received anything. I don't know anything about what is happening with this person. She was a toxic presence in my life and I do not keep in any kind of touch. However, just as I'm starting to think about the future and become a responsible adult, I'm reminded about the possibility of this person fucking my life up (all over again, but that's another story). + +In doing some Google research I found nothing but hopelessness. What is my best case scenario (other than that she has gotten her act together and pays everything off without any worries)? I just need to have a realistic perspective on what my future could look like. +For me, it would be £500,000. I would plan to live on the annual interest and hopefully never touch the principal amount. + +Reason for the question is that people in my team say they could never quit work if they won £1m/£2m. They would need more?!?!? I then said how long would it take in your current state to save £1m/£2m in cash.... + +I was fascinated and found the below on the net. + +£250,000 is the average amount UK adults would consider to be life changing sum of money + +£750,000 is the average amount UK adults would need before they would quit their job + +If Brits were to win £1m, they would give away £473,490 to their family, friends and charity. +I'm 50, have roughly 55k in bank and am able to add roughly $2500/month to this after bills are paid. + +I am aware that I am starting very late, but poor life choices / student loans in my younger years prevented me from being able to save anything. + +What advice would you give that could build upon this over the next 15'ish years as I work towards retirement? + +Thanks for any and all advice, it's much appreciated! +https://www.cnbc.com/2021/01/07/tesla-passes-facebook-to-become-fifth-most-valuable-us-company.html + +Tesla has surpassed Facebook by market cap. + +The jump makes it the fifth biggest company in the large-cap benchmark when counting the share classes of Alphabet together. + +It now just trails Apple, Microsoft, Amazon and Alphabet. + +Thanks for the awards. +Everyone keeps talking about low p/e ratios right now, but somehow no one wants to touch long term bonds. + +The entire world has become dependent on low-interest rates, and the fed essentially never gets its timing right. + +They're almost guaranteed going to over-tighten, before inevitably having to loosen monetary policy. + +Scooping up long term bonds right now will give you a much safe, faster, and higher return than the vast majority of companies. + +It blows my mind that more people aren't talking about this. +Anyone else get their FIRE tendencies from their parents? My dad has had the same well-paying sales job for 30 years. My parents never had any debts and we lived below our means. + +I was driving home yesterday for the holidays and I saw him on the side of the road picking cans. During my entire childhood, he would pick cans on the side of the road, shaking out the slugs and beer along the way. When I was young enough to not be embarrassed by it, I would tag along with him. Every few months his job would take him 250 miles away to a state that gives $0.05 per can, so he would drive with these huge garbage bags filled with rancid cans so that he could get $40 "for gas." + +You can start to imagine the type of impression this left on me, and to this day I still learn more about his character as I reflect on it. He never outwardly spoke about it as some sort of lesson, but it taught me so much. Some things that come to mind: + +* Never lose the value of $1 +* Success doesn't put you above doing the dirty work +* Actions speak volumes +I was trying to login to Coinbase from a fairly new laptop. + +The site looked right. But for some reason my auto-fill wasn't working. I thought this wasn't right, but it was a fairly new laptop... So I manually typed in my login and 2fa. Then I got a text that I changed my 2fa. I didn't do that! So I tried to login to coinbase again. My 2fa code wasn't working. uhoh. I opened coinbase app on my phone and saw 2000 was purchased in Bitcoin. OMG! I disabled my account immediately. My mobile app was signed out. Then I got the email for the 2000 purchase. I dont think the attacker had enough time to send my funds out. Then I looked at my browser history. I guess I went to coinbasi dot pro by typing coinbasr dot com instead of coinbase! Then I emailed support @ coinbase my issue, what happened step by step, a screenshot of my browser history, my IP address, and a message that any activity not from my IP address was unauthorized. Mrrr. I plan on traveling internationally and was going to sell some coin to add to my bank balance, instead two grand was siphoned. I might have to change my departure date now. I'm definitely calling my bank in the morning. I'm nervous because anytime I email coinbase support it takes like a week to get an answer back. Ugh. +Was watching a [video](https://youtu.be/r_rKof8IdfU) about spellings puts and the creator noted it was a good idea to sell out contracts during times of high volatility because premiums are inflated and IV crush works in your favor. Is this true? + +Would selling puts directly after earnings be a good idea for better % return on collateral? I know it’s a case by case basis but anyone have insight/experience with this? +I called out ZM put credit spreads yesterday in the daily - https://www.reddit.com/r/thetagang/comments/ijunj5/monday_august_31_2020_daily_rthetagang_discussion/g3iw9rq/ + +Putting my money where my mouth is: https://imgur.com/a/CovbP5b + +I will turn these into condors on Thursday assuming ZM has option strikes > 650 +I would like to sell naked (margin secured) puts. I know what i am doing and they would be otm on a stock I am bullish on with plenty of cash in the bank to transfer in case the trade turns against me. + +It's pretty frustrating that it is so hard to get approved for level 4. + +For context, I have a 5 figure account and many years options trading experience. + +Any luck getting approved on any real brokers? I am with fidelity currently. + +Update: Thank you all for the replies, I just opened an account with TD and was approved, looking forward to trying out thinkorswim desktop app as I have heard its much better than Active Trader Pro +I’ve seen a lot of posts on holding cash until after the election and it seems to be a consistent thread across most subs. Could this be setting up some tailwinds for immediately after the election once the slightest bit of uncertainty is off the table and FOMO takes over? + +That said, I’m thinking about selling a few put spreads to ‘hedge’ my conservative positions in case we see money flow back into the market quicker than expected. + +Good or bad idea? +I did it! I'm paying off my student loans with my crypto gains (and yes, I'm paying my taxes as well). It's really bittersweet to be cashing out so much ETH, but I plan to start accumulating again with a percentage of my paycheck after this. + +It's my own personal moon. I told myself that if I had enough in ETH I would sell it so that I could finally be debt free. As much as I hate to miss out on gains, this isn't the end for me. + +Hodl on my friends, I'll be back soon. +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! + +Just got my paperwork to renew my lease for May and my rent went from $550 to $700. This is so frustrating, now I have a month to find a new place/new roommates for around 500, rent a truck to move or just stay and deal with the extra cost. Just sucks it has to be like this, I've been a good tenet and my landlord drives a $80,000 car. +r/CryptoCurrency is currently ranked #5 for posts per day, #2 for comments per day - yet is ranked #601 for post karma. This is a huge discrepancy not seen in other top subreddits. I analysed this below: + +[Top 50 subreddits \(by subscriber count\) + 3 subreddits offering crypto rewards. Subreddits typically have a karma ranking similar to their posts per day ranking \(a value of \~1\) - or a higher karma ranking \(value of \>1\).](https://preview.redd.it/5rb5az6d7oi71.png?width=1330&format=png&auto=webp&s=3b2f6fad6f74f86087e6e3613ff23700a93c9f5f) + +The other 2 subreddits that offer crypto rewards (fortnitebr, ethtrader) are also low - but nowhere near as low as r/CryptoCurrency. + +This is either because (i) users are reluctant to reward a post (ii) users are spamming low-quality posts (thus raising the posts per day count) in an attempt to farm rewards. **Or, in reality, a combination of both.** + +Whatever the reason, we are now at an all-time low: + +https://preview.redd.it/4qjxvo208oi71.png?width=899&format=png&auto=webp&s=d70d10bc2db7c4b276522b54afeb6aaf24dfc770 + +On Jan 1st 2021, we ranked #87 for posts per day and #121 for post karma. By May (BTC's $64k ATH), the gap had widened to #4 for posts per day and #345 for post karma. + +I was not able to find another subreddit with such a large gap at present. + +In other words, across all of Reddit - r/CryptoCurrency is **the** sub where you have to either work the hardest or be the luckiest in order to earn karma. +The opportunity to become a small owner of our favorite companies feel irresistible. I want to share my thoughts on why investing in IPOs is generally a bad idea. What got me thinking was IPO of Amplitude in 2021. It's a product I really like and believe in its future potential. I was rooting for the company when it went public and seriously considered buying it. + +But buying the company’s stock on the IPO day would have been a mistake. It’s stock price has fallen by more than 72% in less than 12 months. I am not arriving at this conclusion by looking at just this one example. Instead, I think that as a principle it’s never a good idea to invest in a business at its IPO, how much ever one likes the company or is optimistic about its future. + +Amplitude is not alone. 2021 was the year of some amazing tech companies going public. One could sense that the valuations seemed a little high, but there was optimism and confidence in the air about the potential of these innovative businesses. In the US, beloved consumer tech companies like Doordash, Affirm, Allbirds, Duolingo, Robinhood and sturdy SaaS companies like Snowflake, Braze, Squarespace and UI Path were among many others that opened its doors to retail investors. + +However, just like Amplitude’s stock price, the stock prices of many of these companies have crashed by 70-90% within a year. While one can always attribute the crash to broad market correction, I want to reason that it is a pretty standard pattern rather than an anomaly. This is not to say that these business don’t have solid fundamentals or a bright future. It’s just that buying it on the day it goes public is not the best idea. + +**So why is investing in an IPO such a bad idea?** + +I want to share two main reasons for this. Understanding and registering them as mental models can help us make better investment decisions and save a ton of money in the future. + +**Reason 1: It’s an unfair trade and you are on the losing end** + +Let’s take a step back and see what really happens when a company goes public. + +The company would have been started 5-10 years back by a few co-founders who devoted every waking hour of their life and overcame extreme odds to get their startup to this place. They hired a group of very talented people who chose to forgo comfort in cushy jobs at large stable companies to toil along with founders for many years. The founders were backed by a number of Investors at different stages, ranging from Seed investors to VCs to private equity firms. The IPO is their payday, and they all waited for years for this moment. The higher the valuation of the company at IPO, the more money every single stakeholder - investors, founders, and employees - will make. + +These are extremely smart folks who understand their business in and out. They know what’s the fair value of the company and what’s the maximum they can get. They even hire bunch of investment bankers to justify sky-high valuation, and then beef it up some more. They have the skills and every incentive to stretch the valuation in every possible way, even if it looks borderline insane. It matters less to them how the stock perform in the future after 5 or 10 years. These folks want to cash out now. + +And now think about where you stand in this transaction. You don’t understand the business as well as these insiders do. You don’t have any information about the prospects of the company. And you neither have the capability, time, or the interest to dig into the financials of the business or the industry it operates in. All you know is that you just like the product, have heard good things about the company, or are generally optimistic about the space it is in. + +Think about the information asymmetry here. + +Now remember the context that all of it’s likely happening at the peak of a bull run. The companies always choose such a time to go public. It’s Euphoria all around, there is a excitement in the air, and you have a fear of missing out because everyone around you is talking about IPOs. Everything sells in these conditions and everything can be justified, especially unreasonable valuations. + +So to sum up, you come to the buying table to purchase shares of a company. On the other side of the table are extremely smart and sophisticated people who have all the information about the company, deep incentives to sell at maximum possible price, and the power to set the price. You on the other hand are intoxicated by rising markets and barely know anything about the business you are buying shares of. The stakes are high. You are literally putting your financial future on the line with your hard earned money. + +This is not a fair trade by any means. + +The only option you have is to get up from the negotiation table and leave. And that’s exactly what you should do. + +**Reason 2: The opportunity to buy a good company isn’t going anywhere** + +You can make a counter-argument at this point that great companies like Amazon, Google, Netflix, and Meta have gone on to grow exponentially after their IPO. You would be right, but there are two things to consider here. + +First, there is a bit of a selection bias at play. There are many companies that became public with a lot of fanfare, but delivered flat or no growth since then. Consider Dropbox, the once darling of the tech industry. Even after 4 years since its IPO in 2018, it did not deliver any returns to investors. In fact, it lost about 25% value in this time period. Most stocks end up in this zone of value destruction. Companies like Amazon, Alphabet, and Meta and truly the exception. + +Second, and more importantly, its vital to remember that a business is great because it stays great for a very long time. It proves itself over and over again with growing earnings and market domination. And the volatile market provides many opportunities to invest in at attractive valuations. + +Take the example of Alphabet (Google). It went public in Aug 2004 at $2.71 per share based on today’s stock price (original price was $85). Five years after it’s IPO, it was trading at about $11.5 per share. Today the stock trades at about $110 and has delivered a total return on 22% CAGR since going public. If you had invested in the stock in 2008, five years after it’s IPO, the price would have grown by 10x. Or to put it another way, 90% of growth in value started happening five years after the IPO. Alphabet, like Amazon, Apple, or Microsoft, proved itself over time. And the patient investors got multiple chances to buy the stock at a fair valuation. + +The same argument goes for more traditional companies. Warren Buffet invested in Coca Cola 70 years after it’s IPO, and still went onto benefit massively from stock’s growth. + +And even if you feel that a company like Doordash or UIPath is going to be hugely valuable in future, now in 2022 is any day a better time to buy those stocks than a year back when they went public. You can now buy the same stock for 65-80% discount if you waited for some more time and get a much better upside. + +**So what does this mean for the long-term investor?** + +The reason we rush to invest when a company goes public is because we don’t have the right mental models and we can’t manage our emotions when animal spirits run high. But if we stop to think about it, it’s not hard to reason why IPOs are perhaps a bad time to invest in a company. You have major asymmetries working against you, you are too influenced to make the right decision, and if you indeed want to buy the stock, there will be much better buying opportunities in near future if you wait just a little bit longer. + +Let the company prove itself for some time and start trading at reasonable valuations. Then when the noise is filtered out and you have a clearer mind, chances are that you will take a much better decision. + +Original post published at: [https://www.longtermfolks.com/p/why-ipo-is-a-really-bad-time-to-invest](https://www.longtermfolks.com/p/why-ipo-is-a-really-bad-time-to-invest) +https://finance.yahoo.com/news/the-number-of-americans-who-super-commute-is-on-the-rise-184529879.html + +The number of Americans who “super commute” (travel 90 minutes or more to work each day, each way) is on the rise. + +According to county-level data compiled by Apartmentlist.com from 2005 to 2017, the number of "super commuters" grew by 32%. That is more than triple the 9% growth rate for those with commutes shorter than 90 minutes. + +"In places like New York and San Francisco, where generally super commuting tends to be a symptom of really rapid economic growth, — where there’s tons of jobs being added, but there's not enough new housing. And so housing costs get really expensive, and folks get pushed out to the peripheries of the metro,” he explained. “In the Midwest region, what you're seeing is really almost the opposite, where it's kind of a region that's seeing a long term decline economically. So folks are driving further and further to get to the opportunities that are left." +Now I have a non-fault accident on my record. It was completely her fault. She didn't contest and even admitted fault. Her insurance paid for my car to be fixed but now I'm stuck with ridiculous insurance premiums. My insurer was esure. What can I do? Is this normal? +As you can see by the title, you must already know what this post is about. + + +Although the issue with LUNA have been stated over and over again, it still affects families and individuals today. + +As a korean living in korea, I get to see news reports of people who are affected by LUNA crash. + +And recently there was a whole family in korea who committed suicide. The father had apparently invested his life savings on LUNA, and went bankrupt. He went on a fake vacation, deceiving his child and drugged her. Then there were reports of them missing, and the police department scouted the family, trying to track them down with CCTVs. In the end, they found their car in the bottom of the ocean, it was presumed that they committed suicide by purposefully driving their car into the ocean. +Article about this will be posted in the comment section + + +There should be something done to Do Kwon and prevent rugpulls like this to happen. As of right now, Do Kwon and LUNA employees are forbidden to leave the country. +So everyone, as a member of one of the biggest crypto community, help people out by posting warnings about scam projects. +60 yo. 4 years left of work +$650,000 saved, currently invested in half JEPI / SCHD and half cash. +Adding $5000 monthly until age 64. + +I want to eventually live off a dividend income portfolio. How would you invest for the next 4 years and what about after that? I know I need to do my own diligence but wondered if there's anyone in my shoes contemplating under similar circumstances. + +EDIT: + +FOR THOSE ASKING WHY SO MUCH CASH: +I had it all invested in a couple other stocks that I just sold when they broke back even in the last month. +Many are asking for some sort of regulation to make sure that whales dont spoil their plans of participating in ICOs.. + +its the free market working out guys..and if you want to participate then buy them at the price whales are dumping in exchanges at 2-4x ico price..thats the true market price.. + +Calling the regulators to regulate a decentral project using a decentral currency is stupid..this is like walking into enemy fort to ask for help.. + +Be like a man..face the reality..this is free market + +Ask for technology to solve your undemocratic ico issue..not the state regulators.. +The shareholder meeting is approaching. +As many of you know, in the past days there was the crypto meeting in Miami… lots of legit stuff, but we’ve all seen some idiots which get more media attention than the reasonable investors… +So apes, please!!! Please!!! If you are lucky enough to take part in the shareholder meeting of our beloved gme, behave! Be fucking have!! We need good media attention and certainly not people running on stage, screaming to the moon and shit!! +Hearing is cringy as fuck + +This hearing is a fucking circle jerking joke. Bank CEOs acting like they are a mix of mother Theresa and Mahatma Gandhi. + +Their bonuses are tied to fucking people over. Banks are as scummy as Hedgefonds any day of the week. + +They need to shut the fuck up and stop wanking each other off. + +My balls are tingling with cringe. So embarrassing. + +GME to the mother fucking MOOOoONNN APES + +🚀🚀🚀🚀🦍🦍💎💎💎👐👐👐🐒🐒🐒🤌🤌 + +LETZZZZ GOOOOoOOOOOoO +Hello! My boyfriend and I are looking to buy a house - we’re not in any particular rush, but we currently live in the city and we’re kind of getting tired of all the commotion that goes on. We’ve looked at free standing homes, townhomes, new construction homes like Ryan Homes, etc. all obviously requiring a down payment. We are first time buyers so we’ve heard that we can pay as little as 3% down, however we are unsure of the best route. Also, since we are renting we feel like it’s almost impossible to save money. Does anyone have any tips for bulk saving, or different accounts to procure funds? I do have a 401k but that would be a last resort. Any suggestions/recommendations would be helpful! +> Virgin Money has suspended thousands of customers’ credit cards without warning, at a time when many households are on a financial cliff edge. +> +> The Guardian understands that as many as 32,000 customers were told by email on Tuesday that their accounts were blocked with immediate effect, and that they would not be able to make further purchases. +> +> The move, which the Newcastle-based bank said was part of routine “affordability checks carried out by a responsible lender”, took many of its customers by complete surprise. +> +> Virgin Money’s timing could not have been worse given that the the six-week Covid-19 lockdown is hitting many families’ finances hard. + +https://www.theguardian.com/money/2020/may/06/virgin-money-suspends-thousands-of-credit-cards-with-no-warning + +Now it does mention the regulator is going to look into this but I think one way or another, a lot of people are about to be cut off from cheap credit. +LMND CSPs got assigned (2500 stocks) about 1.5 months ago at 85. Been going down ever since. Usually sell weeklies but the prem is in the crapper. What would be the best recourse at this point? + +1. Sell 85 CCs for months out and get some profit. +2. Wait (and pray) till price goes up and sell weeklies. +3. Sell lower CCs and hope they expire worthless, and repeat. +4. Take the loss and move on. +5. Something else? + +Been doing 2 because LMND tends to swing wildly when it moves. +I feel like i spent too much time reading on everything thats happening and I know its coming and most likely be very bad. My job depends on economy being healthy and im pretty sure ill be either making little or no job at all. I work in logistics. I have a mortgage and car loan to pay off. I own a decent number of GME so I hope that helps me be good financially in the future. Last few weeks been feeling depressed like a mf. + +Sorry just needed to vent somewhere +I’m 17 years old and still have a lot to learn. My car broke down and instead of fixing it myself, I made the mistake of handing it over to my dads car repair company. Now I owe my dad $1500(his guys installed a bunch of crap I didn’t need) which is all but $300 of my entire bank account. I wanted to buy a lot of cool stuff(welding supplies, car upgrades, fishing gear etc.) I want with my own money, but I’m trying to convince myself that I don’t really “need” those things. I have a minimum wage job and will probably earn this back in about 6 months. Any tips to help me realize this? +This will be no big deal to 99% of you, but I’m an old man, so take it easy on me. + +I actually downloaded Twitter, set up the account, and followed the mods as part of the back up plan for the inevitable; Reddit going down during the MOASS. + +I kept saying that I don’t need any back up plan to HODL.... but no plan survives first contact, and the enemy does get a vote. + +it’s there to cover the things I haven’t thought of or planned for. + +my wife has already said, “Come back with your shield or on it.” + +So it’s the stratosphere or Subterranean + +EDIT: had a request for the mods handles: + +It’s on the daily’s + +• ⁠Redchessqueen99 + +• ⁠rensole + +• ⁠heyitspixel69 + +• ⁠theroaringkitty (just in case) + +- ryancohen. Ya know, because + +💎🙌🦍💪🚀🌚🖍🍌 +For example, A McDonald's cheeseburger is a 1.79, but they almost always have coupons, such as 20%, bringing it down to $1.43 + + +Meanwhile here's a breakdown of a cheeseburger made at home: +Meat: 10 patties for $10 = $1/per + +Buns: $2 / 8 = $0.25/per + +Cheese: $2.25/16 = $0.14/per + +Ignoring the rest of the ingredients, it's $1.39 + + +For a single person, eating 2 burgers per meal, it makes sense just to eat out instead of grocery. Most of the time, cooking at home means only making 4 burgers at a time - which means the excess buns get wasted if I don't use them in time. Additionally, unless I want to eat nothing but burgers for awhile, I have to cook the package of burgers multiple times - which means multiple times I'm using gas for the stove, dishes, etc. It just all seems like a lot of effort for minimal rewards. +Got off the phone with a banker from a large financial company. + +They are willing to offer a 100% LTV home loan with 2.3% IO rate provided you pledge 50% of liquid assets + RE title against it. + +Pledging means you move your assets to their bank which can continue to grow. You don’t need to use their funds + +Take a home of $4m as example - you pledge $2m of assets to get access to the home. + +No down payment. + +Total yearly forced expenses = 2.3% + 1.25% (property tax) = 3.5%. Doesn’t include maintenance and insurance + +Yearly payment is = 140000 or 12k per month + +Buy a good home for $4m. Pay just 12k per month + +Wait for organic appreciation and/or force appreciation with value add (upgrade home) + +Home in 5 years is worth $5m. + +Refinance again, take $1m out and the $1m is used to pay 8-10 years of interest + property taxes. + +Rinse and repeat. Free home + +Assumptions / risks +1.homes appreciate + +2.interest rates don’t risk significantly + +3. margin call on the pledged assets + +What do you think? Any other ways to optimize? + + +An amazing side effect is that long-term the liquid assets continue to grow (reducing margin call risk) and the home continue to grow, while the debt remains stable. + +Also CA property taxes don’t increase with home prices. +hi all, sorry if this isn’t the correct sub to post in. + +I applied to work at a dental specialty clinic, specifically for a reception/front desk position. They did a group interview (sorta) yesterday and they reached out to me today asking me to come in for a full day working interview next week. + +I’m on the fence about this just because I still have no idea what the pay is, not even an estimate. Although I really want this job (pursuing a career in the dental field, any experience helps), I don’t want it if it turns out to be minimum wage as I just can’t live off of that. + +Would it be inappropriate to ask for an estimate on compensation before accepting the working interview? Or should I just suck it up as it’s only 1 day? I’ve never been asked to do a full day working interview so I’m unsure what’s considered normal in this situation. + + + +------------------------------------------------------ + + +**edit:** hi guys, i went out and came back to 100+ notifs so i'd just like to give an update. i've been emailing back and forth with the dentist. i asked him about the salary etc. he asked me what i'm looking to make so i let him know. he sent me an in depth response stating that what i'm asking for is no problem, and given my experience he planned on making me a different offer (which was a few dollars more than what i thought would be a realistic number!) + +he explained to me what the working interview would entail, and as some of you in the dental field mentioned, it's mostly to see how i mesh with the rest of staff and he said i would be given small tasks to see how i handle things. but i won't be given anything that directly benefits the business (i.e., dealing with patients or any "real" work, i guess it can be compared to homework? lmao.) and he reassured me that i would be paid for my time regardless of whether i'm hired or not. + +thank you to everyone that gave their input! i really appreciate it and so many of you were really helpful. ❤️ +I've always loved cars, I still do. I live in nyc, so I haven't owned one in 7 years. I look at them all time and ran some numbers and I don't think it's totally crazy thinking I could afford a mclaren 570s or similar + +Fiancée and I are both 29 + +* Current networth - $750k ($350k retirement accounts, $250k taxable accounts, $100k real estate investment, $50k cash) + +* Total household income - $600k + +* Rent - $3500/month + +* Food, travel, drinking, gym, etc (total credit card bill) - $4000/month + +After maxing out 401k and backdoor roth ira - we're left with just shy of $20,000/month (averaged out, 30% of our income is bonuses, they're guaranteed though) + +Both in tech industry in different roles + +I think a mclaren, or similar, would cost me roughly 3500-4000/month in total. Yes it's a lot, but I've run some #s and long term net worth is that drastically different saving 16k/month vs 20k/month + +Am I crazy? + +Edit : This has been unbelievably helpful, thank you all! +I am a software engineer. My wife is a pediatrician. + +As I watch the passive income stream in from investments, I am seeing that the amount of money we get from our jobs matters less and less over time. + +I don't hate being a programmer. I enjoy coding challenges. The problem is that most of my work involves waiting for people to respond to me, or doing other non-challenging kind of work. So it feels like a lot of my time is wasted on non-coding tasks. Lots of busy work. + +This is usually why I kept switching jobs. To find something more challenging. But I am starting to feel like all full-time programming jobs suffer from the same problem. + +It makes me wonder if there is some alternative way to doing things. + +I want to continue working, but I wish I had more time to do other things. Especially since we have kids. + +Wage income is not as important, so I can take up pretty much any kind of job. However, I don't want to lose my programming skillset. + +I don't want a remote job, because I enjoy interacting with coworkers in person. + +As far as I've seen, part-time programming jobs are extremely rare. Even then, it's just a full time job with reduced hours. Like working 9-6 Mon-Thurs. That's still 36 hours in a week. + +I'm looking to do something a bit more extreme. Like 24 hours in a week? + +The only way I've seen people achieve this kind of schedule as programmers has been freelance work. + +But it sounds like that kind of work would involve a bunch of time looking for good leads and meetings figuring out what to do, instead of actual coding. I feel it would involve more non-coding time than what I experience in a fulltime job, which I am trying to avoid. Also, I'd prefer to work in a team with people, rather than solo. + +This leads me to think of a completely different lifestyle: Take on various part time jobs - Phlebotomist, Tutor, maybe some kind of part time skilled trade.. and do online coding challenges as a hobby. + +Yeah... I feel like I'm rambling a lot, and complaining about a position other people wish they had.. I just don't know how I will end up retiring if I can't decide this kind of stuff now. +They don’t feature in the smashed avocado-laced headlines, and you won’t see them living the high life on Instagram. + +And while they may be as equally impacted as other millennials by the high cost of capital city housing, they’re not succumbing to the (understandably) crushing fear that they may never own a house in a trendy suburb. +And, sorry Generation X, but they intend to retire before you do, too. +They’re the group of young Australians who self-identify their financial circumstances and plans by the acronym FIRE -- Financial Independence, Retire Early. + +Yes, the full phrase is a little clunky, but that’s not stopping them. And they intend to have the last laugh. + +FIRE enthusiasts, if you can call them that, are a small but vibrant community of twenty- and thirty-something Australians (and their overseas cousins) who are committed to achieving financial independence as soon as possible, with the goal of retiring from work -- or at least having the freedom to choose to -- decades earlier than their parents and grandparents did. + +**Work hard, live frugally, save aggressively** + +Refreshingly, these aren’t the ‘How I bought 108 properties by 23’ crowd. There’s little-to-no financial engineering and not much -- if any -- debt. Instead, the FIRE crowd is taking a leaf out of the book written by the Boomers’ parents: work hard, live frugally, and save aggressively. + + +And it feels like the movement is growing. What’s perhaps most stark about this movement is that it’s a neat, if uncomfortable, counterpoint to the generally accepted view of the hopelessness of the financial challenges faced by millennials. Not that those challenges aren’t real -- it’s just that those following a FIRE philosophy are making hard choices to take control of their financial futures. + + +Talking to a couple of investors, Tristan and David, who are pursuing a FIRE strategy, a couple of themes kept recurring. +According to Tristan, “The idea of working to 65, commuting two hours a day and not being able to access retirement money until we were old didn't sound too fun. We liked the idea of being in charge of life by being financially independent enough to do what we wanted.” +Dave agreed: “I was motivated by the thought of having to work my whole life in a job I didn't like. Or just for the money to pay bills, while having no control over how I spend my time. +"Looking around and talking with other people in the workplace and society in general, they didn't seem all that happy about it and just seemed to accept it. Doing the same unsatisfying thing with no end in sight. I quickly decided that wasn't ok for me and there had to be another way.” + + +FIRE-followers are often the ones moving out of the big cities, or at least to less expensive parts of them. They’re eating at home, rather than going out (the data are fuzzy on the at-home consumption of avocados), and they don’t drive new cars or travel. +“It's really about finding a happy life for you, that doesn't consume your entire income, because that's going to get you nowhere”, according to David, while Tristan identified some of the lifestyle adjustments, including what you do and buy and how you travel: +“Spending significantly less than you earn is tough if it means (probably) renting on the outskirts of the city, solely using public transport, mostly eating Aldi-bought food and so on. It's an extreme version of long-term patience reaches the goal, which doesn't suit some people.” + + +When I asked them what advice they’d give people considering the move, David summarised the numbers nicely: “The amount you need to save and invest is directly in line with how much you spend. Put another way, the less you spend, the less investments you need to support that spending, and the faster you'll become financially independent.” + +Tristan agreed, adding that being part of a community helps. “Find people on the internet who have already achieved FIRE, or are on the way to achieving it, to see how they're doing it.” + + +**Foolish takeaway** + +Foregoing consumption today allows FIRE followers to achieve financial independence earlier, thanks to the miracle of compounding. And there’s a real freedom from mastering your consumption and taking control of your financial life. +But it does require sacrifice. It’s a lifestyle that’s not for everyone, but for those who embrace it, the rewards are early retirement and, yes, financial independence. + +*Edit: some people have not seen that I placed the source for this article as a comment when it was originally submitted. Here it is again- https://www.smh.com.au/money/planning-and-budgeting/forget-million-dollar-homes-the-millennials-chasing-a-different-dream-20180915-p503xw.html?crpt=homepage* +**The Chart:** + +&#x200B; + +https://preview.redd.it/72f4rwo3ufk61.jpg?width=1080&format=pjpg&auto=webp&s=03145e09545ed208f0a1459c40804b9bf4bd88ae + + + +I started posting about Smartlands SLT about 2 weeks ago and wanted to follow up and answer any questions people may have. Many people called me a shill, but I was just trying to show you a project that has a ton of potential. Smartlands well selling for $.83 on February 15th, and and now exactly 2 weeks later it has shown an ROI of 597% and is selling for $4.90 per SLT. + +&#x200B; + +**Can it still grow from here?** + +Smartlands has not even scratched the surface yet. The platform will be going live this month with several projects as well as several exchange listings coming (including a tier 1 exchange). Smartlands is still a very low cap coin with an extremely small circulating supply. If Smartlands can reach a Market cap of 1 billion, each SLT will be worth $200. That is a 100X ROI from where we are now. If you didn't pull the trigger earlier there is still time to get in. Always DYOR, but it it something to look into! +Remember when GameStop mentioned it would sell a maximum of 3,500,000 shares, or $1bln, whichever came first? Many did some reverse maths and determined they *MUST* expect the share price to hit $1b/3.5m=**$285.71428571**. Others said "or just 1m shares at $1,000 each." Still others (now this is the group I belong to) said this means fuck all for price expectations. This had nothing to do with GameStop peeking through the veil and determining a short squeeze was imminent and everything to do with seizing the opportunity to raise cash. + +Welp, the [3.5m shares came and went today](https://www.marketwatch.com/story/gamestops-latest-big-day-picks-up-steam-after-hours-with-551-million-stock-offering-11619474789), and the price went UP. + +[Cramer actually sided with AMC and GameStop](https://www.cnbc.com/2021/04/06/jim-cramer-amc-gamestop-share-offerings-are-longterm-positives.html) about this being a good move, although we saw the sentiment on Reddit having great disdain for AMC's version and overall the sentiment was a majority positive for GameStop and realizing RC's vision, although [GME stock price took a **-12% hit** when this was initially announced](https://www.cnbc.com/2021/04/05/gamestop-shares-drop-12percent-after-announcing-plan-to-sell-up-to-3point5-million-shares.html). + +GME is currently **up +12%** for the day (coincidence? *Cohencidence?*) and an additional +9% in AH with a peak that tickled the idea of breaking $200 at around... get ready for this... 4:20pm. + +Edit: removed additional details about AMC as it's irrelevant to the topic. +SCHD w/ DRIP vs JEPI w/ DRIP + +To set and forget for 15-20 years: + +Does SCHD’s growth potential (along with the 2.87% dividend) outperform the JEPI 7.2% dividend over 15-20 years? + +JEPI is up 6.25% over the last calendar year, SCHD is up 7.38%. How much growth can we reasonably expect from JEPI? + +I have my opinion, but I’m looking for yours. + +What do YOU think is the best long term play? +Good morning, here's My Watch List + +Gap Ups: BNTX, CGEN, CMG, DAL, DGX, FB, IMUX, LH, SNAP, TER + +Gap Downs: BIIB, IBKR, NFLX, + +Market gapping slightly pre market, SPY holding the 272 pivot from 2019. Alcoa officially kicks off earnings season tonight so we should see more movement in individual names. During earnings season I focus more on price action and less on the actual market as earnings will act as a catalyst to help propel the prices of individual stocks to new levels, bigger than average ranges and more opportunities all together. Before entering trades I always have my entry, target and stop price calculated to eliminate emotions and overthinking. Good luck today +After reading approximately the 700ths post of some poor chap being phished, because of the negligence and incompetence of this company, I will never recommend anybody to buy a Ledger product again. I hope you agree and strike them from all your guides, how-tos and recommendations. + +Imagine paying $70 for a shitty little hardware wallet, but to these greedy fucks, that's not enough. They HAVE to have your identifying personal information FOREVER, including your name and physical home address, just to squeeze out a few more Euros of bottom line per customer by marketing or probably outright selling the data. And YOU pay for that by being exposed and phished. Ledger sacrifices YOU for a few Euros. + +**Edit 5:** This guy (https://www.reddit.com/r/Bitcoin/comments/k9fmrg/serious_if_you_have_a_ledger_do_not_plug_it_in/?utm_source=reddit&utm_medium=usertext&utm_name=Bitcoin&utm_content=t1_gf5xoez) put me over the edge to actually start this thread. What broke my heart was him repeatedly calling himself "dumb" and a "moron". That's not true. Sure, he fucked up, but he also was put in harms way. This is on US. We were too complacent to warn newbies. + +Like probably many of you, I am sort of the bitcoin guy for a lot of people who just as likely might have fallen for such a scam. It is my responsibility to warn everybody who I got into bitcoin about threats and inform them about best practices. + +I am trying to establish a multi-sig regime between my friends and family, so if one fucks up, he or she has a safety-net with at least one other person they trust. + +But it's not easy. And what definitely doesn't help, is this shit by Ledger. Anyway, if anybody feels like righting something wrong, maybe we can chip in a little and send this guy some sats. https://www.reddit.com/r/Bitcoin/comments/k9fmrg/serious_if_you_have_a_ledger_do_not_plug_it_in/?utm_source=reddit&utm_medium=usertext&utm_name=Bitcoin&utm_content=t1_gf5xoez + + +**Edit 2:** + +BTW, if any representative of Ledger, Trezor or ColdCard wants to correct anything I said here, please DM me. I'll gladly correct the post and apologize for errors. + +I would very much appreciate clear and certain language around who retains what data for how long, in which way and why. + +* Statement by u/rnvk (ColdCard): https://www.reddit.com/r/Bitcoin/comments/k9qj81/i_think_its_time_to_stop_recommending_ledger_as_a/gf653ys/ +* Statement by u/btchip (Ledger): https://www.reddit.com/r/Bitcoin/comments/k9qj81/i_think_its_time_to_stop_recommending_ledger_as_a/gf7ghgy/ +* Statement by u/stickac (Trezor): https://www.reddit.com/r/Bitcoin/comments/k9qj81/i_think_its_time_to_stop_recommending_ledger_as_a/gf7nxzh/ + +**You be the judge who actually cares about their users security and who feeds you corporate bullshit copypasta.** + + +**Edit 3:** + +I want to highlight this response: https://www.reddit.com/r/Bitcoin/comments/k9qj81/i_think_its_time_to_stop_recommending_ledger_as_a/gf67b75/?utm_source=reddit&utm_medium=usertext&utm_name=Bitcoin&utm_content=t1_gf67ys2 + +Ledger could have used the user data they had and are now used by scammer to attack their customers, to warn their users. They didn't. + +Ledger knows, that almost all of their users, most certainly the most vulnerable to attacks, are using their inhouse software Ledger Live. + +How many lives were financially devastated, because Ledger Inc. didn't find it necessary, to send out ONE FUCKING E-MAIL at the day of the breach saying something like this: + +> Attention: There was a data breach with the Ledger user database. From now on forward, all communication between Ledger Inc. and its customers will be done through Ledger Live. You can verify the authenticity of all our messages using Ledger Live in this way: <showing how to verify a digital signature with Ledger Live.> + +**Edit 4:** + +Look at this shitshow: https://twitter.com/ndeet/status/1320307663427768320 + +I'm not a lawyer, but if that shit isn't a violation of the GDPR, I don't know what is. + + +**Edit:** + +If you already bought from Ledger, demand erasure of your personal data immediately. Here is an example E-Mail: + +> Subject: Demand of erasure of personal data subject to Art. 17 GDPR. +> +> Good day, +> +> hereby I demand the immediate erasure of my personal data subject to Art. 17 GDPR. +> +> Art. 17: +> (1) The data subject shall have the right to obtain from the controller the erasure of personal data concerning him or her without undue delay and the controller shall have the obligation to erase personal data without undue delay where one of the following grounds applies: +> +> Complete text of the law: https://gdpr-info.eu/art-17-gdpr/ +> +> Please inform me of the erasure as soon as it is done. +I've been working on an 'Option Finder' for the calculator, which lets you choose an underlying, and the expected stock price and date, to see the top 3 calls or puts by ROI on max-risk. + +&#x200B; + +https://preview.redd.it/dx207kgx3j651.png?width=972&format=png&auto=webp&s=bc7a6690288c603a7832c9390af7d4fedd4cc2b7 + +If anyone is interested to take a look, please check it out. If you see any issues with the results that are suggested, please let me know. + +You can use this link to activate the menu item: + +[https://www.optionsprofitcalculator.com/option-finder.html?email=reddit&c=92c8a026ec704b0ccc6dd606ffbc1471](https://www.optionsprofitcalculator.com/option-finder.html?email=reddit&c=92c8a026ec704b0ccc6dd606ffbc1471) + +Notes: + +* Filters out non-liquid options (this isn't a penny options substitute) +* Currently only finds Long Call or Long Puts. I'm holding off on multi-leg strategy suggestions for now, as the list of different leg permutations gets big real fast. + +As always (if only it didn't have to be so), the estimates are subject to changes in IV, although if your target date is an expiry, the most profitable options tend to be expiring that day anyway, so should be fairly accurate since the option's value will be mostly intrinsic. + +\--- + +Edit: Thanks for all the love, peeps! Since this feature ranks to maximize ROI, it is inherently ignorant of outcomes where the stock does *not* reach the target price. Adding the calculation to view the results matrix is the best way to get a feel for that, then you can adjust the strike according to your appetite for risk. +I see people saying all the time not to have coins on the exchange. I agree with this thought process but my dilemma is the withdrawal fees! + +I’m not a huge big time spender so the most I have in some coins are about €50, with coins like TRX, REQ and APPC which have high ass fees which would leave me with hardly anything left I just don’t what to do. I’m just wandering if the majority of people just keep there coins on for that reason and if anyone’s found an ideal way to deal with this let me know!! +Shut the fuck up about your feelings, boomer. + +Short selling aint easy. When the doodle on your robinhood app goes red, you don't immediately run to mommy /wsb/ and start bitching. Let the actual bad and good ideas flow in the sub, not feelings. + +Tl;dr: shut the fuck up. +Hello everyone reading this. If you've been reading my past DD, (all linked below in chronological order) then you'd know I've been diving deep into Steve Cohen. Today is a new day, and I am looking into something else this time. The Steven Cohen connections is done for now. I am going to be talking about the naked Short selling committed by the big banks, specifically Goldman Sachs. + +[Very embarressing.](https://preview.redd.it/4650modv30w61.jpg?width=1358&format=pjpg&auto=webp&s=b3c3d6e5430bb12b41b3ecea34c76230769b7f7c) + +If you've read my past DD, then in [**this one**](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/) you might recall how I mentioned Leaked emails confirming that banks *were* in fact naked shorting companies, specifically Overstock. Goldman Sachs was one of those banks. [Source for above screenshot](https://www.rollingstone.com/politics/politics-news/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-244035/) + +I'll just quote the part where I talk about the leaked emails to save time: + +[Has to just be a clickbait headline... right?](https://preview.redd.it/ay0ado7x30w61.jpg?width=1800&format=pjpg&auto=webp&s=59d6abdb936d06eef153d48d6e5cf4cc7a493be1) + +>You read that right. During a discovery period where emails were handed over to Overstock, they accidently didn't redact some important parts, namely some dirt about naked short-selling. + +[ not looking too good](https://preview.redd.it/p990ogoy30w61.jpg?width=992&format=pjpg&auto=webp&s=156c309d3f6393cfa7dc1fdb9c36cdc79254ce3d) + +>Emails reveal that they talked about how to make certain "fails" happen. They disregarded the procedures, and told their clients that they could do the same. + +[subtle ](https://preview.redd.it/8u079gp040w61.jpg?width=965&format=pjpg&auto=webp&s=b53a8358c3071469bc2990107afd6d80e5abed5e) + +>Literally just confirmed that they wanted to fail the stocks without borrowing any shares. [source](https://www.businessinsider.com/incredible-lawyers-for-goldman-merrill-and-morgan-stanley-accidentally-leaked-e-mails-that-show-their-clients-were-naked-short-selling-overstockcom-2012-5) + +So that's that. If you want to get into it more, read the original DD. + +We're talking about Goldman Sachs now. + +[only millions ](https://preview.redd.it/5otes1t340w61.jpg?width=1695&format=pjpg&auto=webp&s=c4efeeab04c84eb4b3f68c5eb689a8905bd64ab3) + +In 2018, South Korea leveed the biggest ever fine on Goldman Sachs for naked short selling. Despite being a record, it was only $6.65 million, a fraction of what Goldman makes annually. + +[reasoning](https://preview.redd.it/7scoiwc540w61.jpg?width=1077&format=pjpg&auto=webp&s=322fe8a92a9aa446b5e9495500c7c74e7abddbc6) + +Most of the fine was for participating in naked shorting + +[reasoning](https://preview.redd.it/0r71r11740w61.jpg?width=1037&format=pjpg&auto=webp&s=beecab133b549fb2dbbfea7a8c41111ac60e8148) + +The rest of the fine was for failing to report the net balance of short selling. + +[You kidding?](https://preview.redd.it/epknhrn840w61.jpg?width=1060&format=pjpg&auto=webp&s=d127010e45696f99ce297fd65fa4049adedef04b) + +They were left off the hook because the naked short selling only happened on accident, apparently. They couldn't confirm that there was any intentional market manipulation. This might remind you of [**my final Steve Cohen DD**](https://www.reddit.com/r/Superstonk/comments/mzwt3z/how_the_us_let_the_biggest_insidertrading_scheme/)**,** when I showed how he and his managers got off because they were reportedly unaware that the information they were using came from an insider. All this, and yet Goldman Sachs ended up illegally trading over 150 items. [Source for above screenshots](http://www.businesskorea.co.kr/news/articleView.html?idxno=26998) + +Guess what happens when you let them off the hook... + +[repetition](https://preview.redd.it/35z7qxca40w61.jpg?width=975&format=pjpg&auto=webp&s=3855c938b6305753963cfb0e63e34c65a0ef8c9c) + +It happened again... actually 3 times in total. That time they got fined 6.65 million was actually their second time getting caught. In 2015 they were only given a warning (worked out great). Less than even half a year after the fine, it happened again. + +[Even less](https://preview.redd.it/8c3194jb40w61.jpg?width=1422&format=pjpg&auto=webp&s=0a4175a1697f79b454f86937695f0018e2189411) + +They got caught a third time, and got a lesser punishment than their second. Only 63 thousand dollars. + +[Same excuse](https://preview.redd.it/fykiz5tc40w61.jpg?width=931&format=pjpg&auto=webp&s=3196d3c637de5c91680804247e9ed61a1c3e17bd) + +And just like last time, they said it was some individual's fault, rather than the company as a whole. And of course, the excuse is accepted. [Source](http://www.koreaherald.com/view.php?ud=20190409000675) + +Now obviously Goldman isn't alone in this fraudulent business. + +[cooperate America](https://preview.redd.it/gsxotz9e40w61.jpg?width=1261&format=pjpg&auto=webp&s=f488e899a9e34683d17dc1b7f51c3b21b9938489) + +No way... The DTCC, one of the biggest aspects of the financial world, is owned by the financial instructions themselves, like Goldman Sachs, JPMorgan, and Citi? Wouldn't that give them unlimited power? [Source](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) + +Lets see what the DTCC actually is before jumping to conclusions. Could just be one article making assumptions after all. + +[Jesus Christ](https://preview.redd.it/1ghdkajf40w61.jpg?width=2470&format=pjpg&auto=webp&s=6110f7479756f29b1ebdc3c528773f7a975e8d06) + +The DTCC is in charge of exchanging $1.7 quadrillion? It actually owns all our shares? Its behind the majority of the United States' security exchanges? Well, surely something as important to the market is heavily regulated and created for the sole purpose of- wait... does that say... + +[Company....](https://preview.redd.it/ocj3reah40w61.jpg?width=556&format=pjpg&auto=webp&s=bf61ffdd8fe15327e335aaab914c12cbc0b18cb2) + +The DTCC isn't part of the government, or even an independent department, its a private company. It's managed entirely by the big banks, hedge funds, and any other major financial institution. [Source](https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation) + +Well now, that sure is a bummer but that other article was making it look like a conspiracy between the U.S. government and the big companies to rig the market. We should focus on the DTCC some more, and see what we find before coming to a conclusion as extreme as that. + +[Oh wow](https://preview.redd.it/4tlzmyfi40w61.jpg?width=2911&format=pjpg&auto=webp&s=05fcf0c70e0339fe095bfdfe58363d1054c46424) + +All this info, just on the Wikipedia page. The DTCC and SEC being too secretive on their knowledge of naked short selling. The DTCC using the same Goldman sachs excuse of "not my problem, just some of my clients/employees." Clearly the government is not doing enough, with all lawsuits being dismissed and no hearing on the issue being called despite being "serious enough' to warrant a hearing." [Source](https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation#Controversies) + +Now maybe going back to that article wouldn't be so bad. Seems as though they weren't just making things up for content, regardless of "conspiracy" or not. + +[Goddamn it](https://preview.redd.it/baoeh2lj40w61.jpg?width=1253&format=pjpg&auto=webp&s=acd25a222588bec7a996144dbec3dd4fd72e4d5c) + +As per usual, a solution is presented but ignored. The DTCC, of course being dominated by the big banks rather than our civil servants, simply had the proposal gotten rid of. Should I even have to prove this article as having merit this time? It's directly quoting a book. [Same source](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) + +That is it for now, just the beginning of a new DD series. Stay tuned, might look into another bank and their connection to DTCC next. + +**------------------------------------------------------------------ First 3 DD (learning to write DD)** + +1. [First post explaining the Panama and Paradise papers](https://www.reddit.com/r/Superstonk/comments/mx8chw/has_there_been_any_look_at_the_possible/) +2. [Second post poking fun at the financial institutions that spent years dodging taxes to save money, lose a bunch of money from the Archegos fallout](https://www.reddit.com/r/Superstonk/comments/mx9zfr/all_the_financial_institutions_getting_hurt_by/) +3. [explaining how hedge funds evade taxes](https://www.reddit.com/r/Superstonk/comments/mxf8qo/how_hedge_funds_evaded_taxes_using_the_panama/) + +**------------------------------------------------------------------ How Overstock survived Naked Short selling** + +1. [Overstock naked shorted like Gamest](https://www.reddit.com/r/Superstonk/comments/mygd7q/overstock_went_through_the_same_naked_shorting_as/)[op lawsuits, blockchain, and crypto to fight back](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/) +2. [Leaked wallstreet lawyers' emails](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/) (second half of DD, info found at the same time) + +**------------------------------------------------------------------ Steve Cohen Connections** + +1. [Steve Cohen's connections](https://www.reddit.com/r/Superstonk/comments/my15cd/who_steve_cohen_is_and_how_deep_hes_connected_to/) +2. [Steve Cohen Insider trading and media control](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/) (First half of DD, info found at the same time) +3. [How Melvin connects Ken griffin and Steve Cohen through insider trading](https://www.reddit.com/r/Superstonk/comments/mzbmbh/multibillionaire_hedge_fund_manager_steve_cohens/) +4. [Investigative Journalist Matthew Goldstein and why he could be helpful](https://www.reddit.com/r/Superstonk/comments/mzk18b/why_investigative_journalist_matthew_goldstein/) +5. ["the biggest insider-trading scheme in history"](https://www.reddit.com/r/Superstonk/comments/mzwt3z/how_the_us_let_the_biggest_insidertrading_scheme/) +Hi folks, + +I entered the market with 500K cash at the end of December, so pretty much near the peak. My goal is long term investment rather than cash generation. I read about wheeling, and decided to give it a shot with large ETFs: SPY and QQQ. I sold cash-secured puts, divided about evenly between the two ETFs. + +Of course, my timing was the worst due to the market crash, especially a very bad time for wheeling. I got assigned with all the cash (not at once, but over a few weeks). I don’t mind though, I was going to invest that money anyway. + +I now keep selling covered calls, but not too aggressively since I want to keep my stocks if there is a quick increase in stocks. Overall, I have made about $8K in options. Of course I am still in the red for 20-30K. My learnings: + +1) My return on capital due to options is about 1.5pct. If things go similarly, over a year, I expect up to 10pct return on capital due to options. Of course, if market crashes more, my calls won’t return as much and I won’t meet those targets at all. + +2) Overall I am still at a loss of about 5pct, but would be at 7pct if I had done no options and bought the stocks outright with limit orders. + +3) As you can guess, I am not doing wheeling aggressively. Especially with covered calls, I don’t sell as many contracts as I could, since I want to keep the shares in case the market moves up fast. Had I taken more risk (at the expense of losing upside in case market moves up), I could definitely generate much more ROI. + +4) High volatility is actually not bad. These 2pct up/down days helped me make several hundred a day, and I closed some positions in two days. + +5) Overall, it is not too much effort since I do not deal with individual stocks but large ETFs. I spend maybe 10 minutes a day, but I watch the market every five minutes or so. +I used to think that margin was mainly dangerous because you could quickly blow up your account with crazy trades. I thought I was too conservative for all of that, but now I've learned the hard lesson -- overusing margin can be a slow creep and is often dangerous not because it will blow up your account over night, but because losses can push you to make decisions you would never make if you weren't leveraged. + +I've been selling options for a while, but -- like a lot of people here I imagine -- the last couple months haven't been great. The extended downturn didn't bother me at first and I even used some of my margin to "buy the dip," but as the dip kept dipping and my free cash dwindled, eventually my account has started brushing up on margin call territory. + +Now, even though I've stuck to mostly solid principles, avoided too many meme stocks, diversified my account, and generally only wheeled with companies that I like for the longterm, I now find myself in a shitty situation. I like all the stocks I own, I've been getting decent premium, and I'm confident everything will eventually bounce back. Account value is down, sure, but otherwise things are pretty much going to plan and I normally would have no intention of selling anything except more calls. + +Buuutt... + +Like a frog in that boiling water, I've slowly but surely over-leveraged myself over the course of a few months without even really realizing it. I am now forced to make terrible decisions to ease that margin and so I have to do the dumbest thing possible -- sell stocks I like at a lousy price and make those paper losses real. + +So don't be like me. Margin can be great to boost profits when used judiciously, but whatever you think a healthy cushion is, maybe double or triple that number and don't break your own rules "just this once." Because even though riding up on the edge of your purchasing power can work well enough in a bull market, in a long downturn like we have now, it will come back to haunt you. + +So, this isn't wall street bets. My account hasn't blown up in 2 hours from buying calls on Tesla. I'll be alright. But, it is still the same old story, if somewhat less dramatic -- that creeping margin greed got me. +Hi guys. First time posting here, I can't really vent to anyone in my life so I'm here to tell you guys. I read so many posts here about the dangers of over leveraging yourself with credit spreads, so many warnings that if it sounds too good to be true and no one else is doing it, it's too good. I had a put credit spread open on NVDA today that has absolutely decimated my gains from 2021. I was on track making about 10k a month since last November, greed level was HIGH, and today I have learned that yes, as per all of your generous warnings IT CAN GO TITS UP. I know this wasn't informative in anyway but I hope someone sees this someday and learns from my mistake. You think you are ok with losing until you lose, then your whole mindset changes. + +Anyway, I hope all of you are doing well, securing the bag, and otw to financial success/freedom. I'll be there soon enough, time to reevaluate! +So some background. I've been out of work for 2 years. I went back to school but couldn't find a job in that field. I've been a stay at home dad for a year and a half. My wife has a full time job making $60K a year. We have 28 years left on our mortgage, recently bought a new car (0% interest for 60 months), and she has some student loan debt. She works in hospitality which has been hit hard because of the virus but she's still currently working (from home, tho she did get a pay cut along with everyone else at her job. She is now making $53K before taxes). +We sold 2 of our cars that were old so we only have 1 car. We have $20K in savings and in the bank. +We are worried that if the shit down goes on for months she will most likely lose her job. +I've been offered a government job. It's an essential job so I would have a job no matter how long this goes on for. The pay however is low. $27K a year before taxes. We would need to hire a babysitter because my wife is busy with work every day and can't take care of our kid and get all her work done. We don't have any family near us to help out so we would need to hire someone. Most of my paycheck would go to a babysitter. We would also need another vehicle so there would most likely go the rest of my paycheck. +So my question is should I take a job that would require my whole paycheck to go toward me just being able to take the job? + +More info +It is an entry level job and I've always been a hard worker and don't forsee a problem moving up. From what I can tell I should be able to move up in a year maybe less. I don't know how much my pay would go up. +My wife has insurance from her job but the government job also offers insurance. +We are located in GA USA +Thank you for your help +I make alright money ($25/hr, but I have a masters degree so it feels like very little), but a LOT of debt, one of which is in an active lawsuit. I was super irresponsible with money during college, got myself into a lot of trouble, and didn't get my head screwed on right until I was 25. I already have wage garnishments from a previous one. Long story short, each of my $1500 biweekly paychecks are more like $500 paychecks once all is said and done. + +Most days I make it through. I have shitty self care and feel tired 24/7, but I manage to drag myself to work and force a smile for 8 hours. I do that because I know the steady work is how I get out of the hole I'm in. I know that earning money keeps me afloat, and consistent, reliable employee performance will lead to the raises and promotions. + +But damn, some days it's so fucking hard. + +I recently shared with a friend that I planned to work 2 full time jobs (35 hrs/wk is considered "full time" with benefits at each) to really get myself ahead with debts and finances. Is it ideal? No. But I only intend to do it for 6 months or so to help with things. He messaged me today giving me a lecture and telling me that "life is more than just work" and "relax and live a little." + +This friend isn't privileged by any means. We both grew up poor. He made it out because he's now a software developer making absurd amounts of money. I don't say this to mean he hasn't worked for it, because he definitely has. But it's easy to preach about how "life is more than just work" when you've managed to climb out of poverty. His life was damn well about work when he was working his way through college, doing a full time job on top of full time classes. + +Idk. Most days I get through it, but there are some days, like today, where my depression flares up big time and I just want to kill myself so I won't have to deal with the never-ending, 24/7 stress of money. Last week I spent $100 on groceries to last me until the end of the month and I damn near cried. $100 for 2 weeks of groceries is actually REALLY good, but $100 is still a large sum of money to see leave your bank account at once. +Hey everyone. I had allocated RSUs of a company in India who few months back got listed in NASDAQ. Wanted to understand how are tax calculated on these RSU converted shares? + +As I understand, once I sell the shares I would need to pay tax directly to US authorities. And don’t need to pay anything in India as we have double tax treaty with US. +I'm fairly new to investing and have been reading about fundamental analysis till now. But I still have a doubt as to which stocks I should research. + +Till now, I've been reading the annual reports of companies like ITC and RIL just as a learning experience. + +Now, how should I go about shortlisting stocks to research further? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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If so, what did you study and how has your career been? Do you love your work or does it pay the bills? + +I'm 10 years into my career. A career that I chose during high school and studied for. I love my job and earn six figures. I see myself doing it for the next 10 years at least. Really curious about how other people's school to work journeys went. +There's not much to add to the title, just hoping to inspire a bit I guess. I can't tell many people in my life so I wanted to do a little celebration post. + +I'm a 26 year old chemical engineer in the midwest. I started working full-time in 2015, with about $25k in student loan debt. I've been saving aggressively since I found MMM and this sub a couple years ago. It has definitely changed my life for the better. Most importantly, it's helped me deal with the desire to live at or beyond my means and instead focus my effort on being the person I want to be. I feel a lot more free nowadays. + +If there's anything in particular that you'd like to know about my road here, let me know! + +Edit: Alright, here are some more details about how I got here. + +I've been working basically since I could get a job at 16 years old. I started off making minimum wage in food service, absolutely hating it. I knew I couldn't do that for the rest of my life like some of my coworkers. In high school, I studied harder than I needed to. I was obsessed with getting good grades and not disappointing my family. I did enjoy some subjects like math and science though (hence the chemical engineering route). I ended up taking the ACT and SAT and getting near perfects on both, which was exciting at the time. It felt like a ton of doors were opening for me. + +I ended up applying to a bunch of Ivy League schools and getting rejected by all of them (best thing that could have happened probably, but it didn't seem like it at the time lol). I ended up going to school in the midwest, meeting a bunch of lifelong friends, and learning a shit ton in my small, interactive classes with great professors. I still studied too much and didn't have enough fun in retrospect, but I guess it set me up to be successful so I shouldn't be too hard on myself. I ended up leaving with a bachelors degree, $25k in loans, and a dream. + +I applied to 41 jobs before getting a call back for an interview. This interview went really well, and I ultimately accepted the offer. My starting base salary was $55k. For the next few years, I traveled and worked a lot. 60-80 hour weeks weren't uncommon back then -- lately, I'm down to 40-45 as I get more efficient and have a more manageable workload. Anyway, I ended up paying off my loans in about a year. Then I started investing harder and saving up for a new car. I bought my dream car, a challenger, when I could pay cash. I have rented apartments/houses this whole time. + +As far as investments go, I have roughly 90% in index funds, 5% in short term bonds (might be buying a house soon), and 5% in a taxable account that I trade options in for fun. The option trading stuff isn't to try to beat the market necessarily, it's just to stay engaged and for a bit of excitement because passive investing alone wasn't doing it for me. I don't YOLO wsb style, I recently have only been running the wheel strategy on stocks I'd like to buy anyway. + +I don't budget in the traditional sense. Everything is set up to ACH from checking to my taxable account and Roth IRA. 401k and HSA contributions are also automatic through work. I believe automating your saving is the most important step of all to be successful. I shamelessly can spend any money that's left over in my checking account (I also have an emergency fund, of course) because I'm *automatically* saving over half of what I make. Target savings rate lately is about 60% of gross. + +The more I accumulate, the less I stress about most things in life. I think it's made me significantly better at my job, relationships, and other aspects of life too. If I missed anything important, let me know and I'll add it. Thanks for the positive responses to this post! +First real DD. Constructive criticism welcome! + + + +It all began with a mysterious hint sent to u/wakka_420_ . + +Seriously, what’s with all the mystery at the moment? A clue here, a clue there… A gif of a boy in a pool floating to the surface by the buoyancy of his gonads. Some soldiers in 1950s Korea stood next to a big gun. Ryan Cohen (Hey RC I love you!) with chopsticks up his nose? + +Come on. Just tell us what’s happening! + +I suppose, at least we know how it ends: with Kenny and Stevie C in a dungeon with a trillion green dildos rammed up their arses. + +Hey Kenny? Stevie? FUCK YOU. + +Anyway. The hint was to look at Credit Suisse’s SEC filings. u/wakka_420_, quite understandably, thought that was a tad vague, so they asked for some clarification. He posted screenshots of the answers. He didn’t understand, so in true ape fashion, he asked “wut mean?” to the retards on r/Superstonk and we came swinging down from the trees to peel this mystery banana open and feast upon its wrinkle-inducing goodness. You can see the thread [here](https://www.reddit.com/r/Superstonk/comments/pmwcnt/some_guy_started_messaging_me_some_mysterious/). + +PREPARE TO BECOME WRINKLED. + +TL;DR just read it. TA;DR banks have shorted the market. + +What we found were “Contingent Coupon Callable Yield Notes”. No. It didn’t mean anything to me either. Fuck, I hate bankers and their endless jargon. + +u/EXTORTER, that fine, fine ape, he did the digging. He found a derivative, a “coupon”, with 3 bank stocks as the underlying assets. Citigroup, Comerica, and First Horizon. $1000 US for each coupon. This coupon looks a lot like a bond: it is always worth the principle and only pays out interest. This tranche mature in October 2026 and pay 12.5% per annum. That’s higher than *real* inflation, which is definitely not 5.3%. + +If I was a bank, and I’m *very* glad I’m not, I’d buy one. I’d buy a fucking million of them if they paid me 12.5% interest each year for 5 years. + +Except the fine print contains some details. +The value of the coupon doesn’t go up if the underlying assets appreciate in value. OK, that’s the risk. Fine. I don’t have to buy the bank stock. + +But what happens if the underlying assets depreciate? + +The value of the coupon is determined by the performance of the poorest-performing asset. You get your $1000 back if the underlying stocks stay above a loss of 40%. At >41%, you get $590. At 80%, you get $200. At 100%, it’s all gone. No tendies for you. + +But that’s OK. It’s not like bank stocks are going to fall by 40% is it? + +Is it? + +Right, guys? + +…guys? + + +Those clever, cynical fucks. + + +**They’ve shorted the market.** + + + +This is how it works: + +A bank (in this case, Credit Suisse) buys a load of stocks they think will get hit hard by the crash but should recover. They don’t want to open a short position on a market because that will spook the rest of the banks. EVERYTHING IS FINE, REMEMBER? + +CS bundles these stocks into coupons and puts a big return on them to make them look like they’ll beat inflation. Buying anything that yields less than 8-12% is going to lose money in real terms in this inflationary environment. Thank you, Fed. + +12.5%. Yum yum. + +A bank or institution that has far too much cash and needs high yielding, high quality assets (October 1st SLR? Is that you?) buys that delicious looking asset and their books look much healthier. *LOOK! FUTURE MONEY. MONEY GOOD* + +Cue crash. + +Oh god oh fuck. Where are my tendies? + +The worst performing asset (Here’s looking at you, Citigroup) shits itself and now it’s worth… let’s be generous, and say 50% of what it was. No more interest for the buyer. That disappeared way back at -30%. + +Shit. + +*SELL IT. WE NEED LIQUIDITY TO BUY THE DIP* + +Even at 50%, it’s worth $500. + +Except it’s not if Credit Suisse says it’s not. + +*Oh, you didn’t read the fine print? If you want to close the contract before it matures, we tell you how much it is worth.* + +Let’s be generous and say Credit Suisse gives them $500 for it. Where does the other $500 go? + +Straight into Credit Suisse’s pockets at a time when it’s very helpful to have liquid cash to buy the dip. + +**It’s a short**. + +They sold the asset, its price went down, they got the asset back and closed it, pocketing the difference. + +*But wait, there’s more* + +Credit Suisse *still has the underlying assets.* + +They didn’t have to sell them to short them. If they make a loss, they can offset tax with it. If the bank stocks go to 0, they get a liquidation dividend. If they recover, they’ve got an appreciating asset that pays dividends. + +Win. Win. Win. + + +**THESE DERIVATIVES ONLY MAKE CREDIT SUISSE MONEY IF THE MARKET CRASHES MORE THAN 40%** + +They’ve sold a lot of them. + +So have Citigroup. So have Goldman Sachs. Barclays. HSBC. Everyone + +What’s in them? + +AMD. Capital One. Salesforce. Mining ETFS. Fucking everything, apparently. + +https://www.sec.gov/Archives/edgar/data/1053092/000089109211003558/e43780fwp.htm +This is how they hedge the crash. + +I am just a simple ape. I have few wrinkles. If wrinklier apes than I would go and look at what’s in the rest of these, I think the community would benefit. + +What I can’t find is who is buying them. If it’s other banks, then it’s game over. + +It’s other banks, isnt’ it? + +Or it’s your pension fund. Or your 401k. + +How does this relate to the MOASS? This is how the members of the DTCC can have enough liquidity to pay for the short hedge funds’ criminal stupidity and greed. + +I might be missing something here. Please, tell me if I am, because this scares me. + +Edit: I forgot to mention, these securities are not available on securities exchanges. Hence them being "invisible". Have a look [here](https://www.sec.gov/Archives/edgar/data/1053092/000095010321005794/dp149639_424b2-t2047.htm) + +EDIT 2: some wrinkly apes in the comments are rightly pointing out that this is a regular hedging technique (yes it's legal). They've been around for a long time. Credit Suisse started issuing these in 2010 as far as I can tell. + +In the context of a crash they act like a short hedge against the long (holding the underlying securities). + +Is that right? I am smooooooth. + +Edit 3: [Some DD from someone who actually knows what they're talking about ](https://www.reddit.com/r/Superstonk/comments/pn6ol1/cool_dates_regarding_the_contingent_coupon/) + +Edit 4: HOLY CRAP CHECK OUT THIS [POST](https://www.reddit.com/r/Superstonk/comments/pn0gha/wrinkle_brain_needed_possible_variation_of_cdos/) + +EDIT 5: [More from the above poster with much more detail](https://www.reddit.com/r/Superstonk/comments/pmtqig/cellar_boxing_cme_citadel_citi_apex_apollo_and/) + +~~I didn't get this right, I don't think~~. Read edits 4 and 5 for better understanding. I'm going to do much more reading and come back with a clearer picture for you lot. + +BTW the wrinkliness of the apes in this community is inspiring. Thank you all for your help. + +EDIT 6: it looks like these things are being used to bundle very risky stocks (stuff Shitadel has large stakes in, interestingly) and these instruments are available for sale on 29/9/2021. They look like a direct bet against the market instead of a standard hedge. Thanks to u/tikkymykk for the wrinkles. + +EDIT 7: u/Asleepnolong3r posted some useful [info](https://www.reddit.com/r/Superstonk/comments/pomrms/-/hcy5omx) + +EDIT 8: these look like bets against Shitadel. When they get liquidated because of the MOASS, they have all their shares sold in the market to pay us. That crashes the price. The sellers of these assets collect. + +I knew it'd come back to Shitadel somehow... + +EDIT 9 and 10: here's a [screenshot](https://i.imgur.com/TRaSKic.png) of a comment that strongly implies they're selling these products to the unsuspecting public. If true, this needs attention. People need to know these are very dangerous products to buy. + +Post was taken down by Automod because I crosslinked to a *bad place*. My mistake. Be nice to the mods. + +EDIT 10: we're back baby! Thank you mods <3 + +EDIT 11: if anyone is being offered by their brokers coupons or notes yielding above 10/12% please contact me with the information. Looks like they're dumping the bag on the public. I want to put together a comprehensive DD on this and alert the press/financial space and I need your help. Thank you. +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 +My sibling and I inherited a $20M residential property a number of years ago which we will likely sell for $30M sometime over the coming year or two. + +We are looking for guidance on how best to invest the ~$30M proceeds from the sale to maximize income generation. We both have lucrative full-time careers, but are looking to RE in a HCOL area, so are primarily looking for something more passive and predictable. + +We'll likely be looking to use a 1031 exchange to avoid taxes on the $10M cap gain, but are unsure if it makes sense to roll everything into another real estate investment (multifamily apartment building? multiple town houses or condos? high-end managed vacation rentals? commercial real estate?) or just keep the $10M in some form of real estate and invest the rest in the market. + +Thanks in advance for your thoughts! + +Edit: The helpful folks here have educated me that 1031 would require re-investing the entire sale (not just the gain), so given this I think cashing out to divest and paying the tax is the right move. +Annual expense are around 60k including housing. 2 kids. + +36 y/o. Have about 500k saved for retirement all in index funds. + +If I retire at 60, assuming 11% annual return, I’ll retire with $6.9M saved. + +Am I doing that math correctly and if so... does it make sense to stop saving so much for retirement? I feel like I don’t need anymore than that. + +Edit: Some questions on how I got there so I’ll try to summarize. + +-Started young. Early 20s. + +Went to a cheaper state school that offered me $ so graduated with no debt. + +-HCOL city means a higher salary, but I’ve worked to keep living expenses like housing at a reasonable rate. + +-Generous 6% employer match. Have always maxed 401K and IRA. + +-Discretionary spend gets auto-deposited to a debit card each month, rather than putting on a credit card and trying to stick to a budget - this is just easier than something like YNAB for me. + +-Did not take on any mortgage debt until recently and any non retirement surplus has just been put into index funds. +I’m 19 and I’m trying to save up for my first car. I’m conflicted though because I am also trying to save up for driving lessons because I have nobody close to teach me. I just want a reliable car like a Toyota Corolla, Camry, or Honda Civic. How much should I put aside for my first car if I want to pay it in full? +Since there plenty of deals, I would like to buy some books related to financial literacy. I am interesting in learning about taxes, for the purpose of understanding my own taxes, but general financial literacy books are what I'm looking for. + +Thanks in advance! +https://www.cnbc.com/2019/09/17/boeing-says-china-needs-to-spend-almost-3-trillion-on-new-planes.html + +China is widely tipped to become the world's largest aviation market. + +Boeing has upped its market forecast for the country to suggest almost 8,100 new planes are needed by 2038. + +Boeing's drive to work with Chinese companies has been slowed by the grounding of the 737 Max. +Title. + +&#x200B; + +Like seriously, how in the whyfuck? + +&#x200B; + +Its coming, that fucking concrete wall, reinforced by MILLIONS of APES. Yet the idiot train conductor just continues to speed up, rather than slowing down. + +&#x200B; + +But why? Are they just hoping for a crash of mutual destruction? Or Wtf ? Can someone explain to me the possible reasons none of these fucks have started bailing out yet? The first to cover is going to be the least effected. + +Like the writing is on the wall, the apocalypses is coming and yet they're just chilling in their backyard, sunbathing under the fiery comet barreling towards them. So fucking reminiscent of the 'DONT LOOK UP' movie right now. + +&#x200B; + +Help... ELI-2 +Hello from the UK. + +I will make this short and sweet,hopefully. So I want to know if anyone feels the same way. Cutting a long story short and this does make me cringe a little saying this I am a full time 'trader' of sorts. I am not a day trader I swing trade tech stocks and invest heavily in renewable energy, the implementation of 5G automation electric/self driveing cars, bio tech. That's my thing. I would like to say my portfolio was built on blood sweat and tiers but I would be lieing, I rid the bitcoin bull from 2014 in a massive way. Then got lucky again investing in tech mainly Amazon and telsa the last week few months have been mega! + +So getting to my point now I am 25, i have a top end car range rover over finch, my apartment Is paid for I have around 11k a month coming in from swing trades and property rentals. But all I seem to find my self doing is drinking! I wake up walk to the local post office buy all the main papers, the times financial times and newyork post. I will scan though thease for at least 2 hours ( I think you can get ahead on swing trades on hand fulls of information in the columns) then I spend a an hour on reddit. Then by 2 o'clock I am usually in the pub watching price action on my phone checking my fill orders and sell orders. I feel like I just know the market and what's cheap and what's over bought 6 times out of 10 I tend to be right I play with tight stops and dont just hover over one stock all day! (Sorry about the poor spelling and grammar I am not really focusing to much busy checking stocks) so like I said I can be in the pub at 2 I will guzzle around 4 pint go home check reddit market news. Then I seem to sleep thats my life. + +Every one thinks I am a drug dealer even family I cannit bare to tell anyone one what I do for a living it makes me feel uncomfortable. Then you do tell people you always feel that somone has to one up with you or your talking to the future warren buffet that no idea how the world of investing, finance or even how the stock market works. + +I dont know what this post was ment to be maybe a rant, maybe just me talking to my self does any one els feel the same way. +I've watched his entire 2022 mentorship. It was tough not because the content was boring but because he rambles way too much. Let me remove all the fluff and bro talk and just keep the valuable points and strategies so a 1 hour video turns into a 5 minute video full of concentrated value- + +Basically the key points of each membership video. Anyone interested in that? Obviously for free. + +EDIT: here's the first video of the 2022 mentorship summarized: https://www.reddit.com/r/Forex/comments/x7hyjt/as_promised_heres_the_ict_short_mentorship_2022/ +I've read Trading in the Zone, (and about 30 other books on trading) i know how to backtest, i understand money management (although I'm not very good at it), I just need an actual legit strategy/system to plug in. Cant afford a mentor, but could scrounge up a little cash for a book or whatever. Free is good too. Please and thank you. And, happy new year! Hoping this is my year, and all of yours too! +Have you all backtested your strategy for months or years to see if it’s profitable or are you truly confident with your skill set to trade without the need to backtest? I feel like backtesting is for more of a ‘set and forget’ strategy. From my hundreds of hours watching live charts and placing trades, every single trade is unique with its movement even though all trades are following the same strategy. +**HOGE (**[**hogefinance.com**](https://hogefinance.com)**)** + +* [https://www.coingecko.com/en/coins/hoge-finance](https://www.coingecko.com/en/coins/hoge-finance) +* Huge team/community that's in it for the long haul. Tier 1 wallet distribution. Deflationary but only 2% tax, so actually usable. Integrated w/ multiple payment systems, and already listed over 5 exchanges, with more on the way. +* Meme-driven, but has multiple use cases in the works. See [here](https://www.reddit.com/r/hoge/comments/onopa4/status_update_week_of_july_19_2021/) (expect an update for this week soon) +* 160M+ audience media partnership + high profile, organic influencers + more partnerships coming +* Website revamp, HOGE 2.0 inbound, very soon. +* One of the few community-driven crypto projects (will not be considered a security by the SEC, unlike, e.g., Safemoon) +* **Price target:** $0.002+ / HOGE this year. It's at $0.0001 now. +* **My position:** over $10K. + +&#x200B; + +**CRYPTOCART (**[**cryptocart.cc**](https://cryptocart.cc)**)** + +* [**https://www.coingecko.com/en/coins/cryptocart**](https://www.coingecko.com/en/coins/cryptocart) +* Only $8M marketcap for a working product, with strong team that has huge ambitions. +* KYC-free Amazon Giftcards. Main net is out and looks/works fantastic. +* If you need more reasons to be bullish, see their Telegram announcement channel: t(dot)me/CryptoCartAnn or do a Google search for AdamHODL or DefiOwl's CC shill posts. +* **Price target:** $50+ / CC. It's at $8.50 now. +* **My position:** over $10K. + +&#x200B; + +**CRUSADERS OF CRYPTO (**[**https://crusadersofcrypto.com/**](https://crusadersofcrypto.com/)**)** + +* [https://www.coingecko.com/en/coins/crusaders-of-crypto](https://www.coingecko.com/en/coins/crusaders-of-crypto) +* Working, high quality game, that I've already wasted more time on than I'm comfortable sharing. It's improving weekly (see their discord for patch notes). +* Weekly leaderboard competitions. We saw 320 entries this past week. +* Game-relevant NFTs + multiplayer things coming soon. More challenging game modes. The dev is the real deal. +* This is a new token, but wallet distribution / liquidity is already looking stellar. Top 20 wallets have all be accumulating. +* BNB rewards have been awesome so far. There is a loot room than you can loot and you get your share of BNB rewards from it. It's neat. +* **Price target:** 100M Market Cap. It's at \~$5M now. +* **My position:** over $10K. + +&#x200B; + +**TOAD (**[**toad.network**](https://toad.network)**)** + +* [https://www.coingecko.com/en/coins/toad-network](https://www.coingecko.com/en/coins/toad-network) +* Only $2M marketcap for the most innovative swap / ecosystem on BSC (and well, across all blockchains). The innovation is in "perpetual liquidity" --- Toad has a farm where the rewards are the LP tokens themselves. There is a fee in and out, so this sustains long term incentives for maintaining liquidity. I'm actually not great at explaining it, but the telegram (t(dot)me/toadnetwork) is very helpful. +* Exchange listing + more projects onboarding/launching. Just got a website revamp + more enhancements soon. High farming APRs on Padswap. +* Huge liquidity, so it's sitting on a stable price floor, making it one of the "safest" plays here (but also hardest to pump hard). +* **Price target:** $50+ / TOAD. It's at $10 now. +* **My position:** over $10K. + +&#x200B; + +**COMFY (**[**comfytoken.com**](https://comfytoken.com)**)** + +* [https://www.coingecko.com/en/coins/comfytoken](https://www.coingecko.com/en/coins/comfytoken) +* The devs/direction of this is dope asf, and it is down 90% from ATH. Tokenomics have been preventing it from pumping, but they will very effective once it pumps a little bit. +* Some things to check out to see the work being done: + * [https://www.comfynft.com/](https://www.comfynft.com/) (Currently a mint; marketplace is on the way) + * [Comfy Tracker App](https://play.google.com/store/apps/details?id=com.comfytracker) + * [https://comfyreport.com/](https://comfyreport.com/) + * [https://anchor.fm/comfytoken](https://anchor.fm/comfytoken) + * [V-tuber Comfy Chan's first video coming very soon.](https://www.youtube.com/channel/UCAWMroTaNPPSgJSS0ReRJNw) +* Yes, this token really is 1.5M market cap... unbelievably undervalued. +* Buy at [https://comfyswap.com/](https://comfyswap.com/) +* **Price target:** $100M Market Cap. It's at $1.5M now. +* **My position:** over $10K. + +&#x200B; + +**SLAM (**[**slamtoken.com**](https://slamtoken.com)**)** + +* [**https://www.coingecko.com/en/coins/slam-token**](https://www.coingecko.com/en/coins/slam-token) +* Maybe I should've put this one first. I am unbelievably bullish on this token... the only thing holding me back is a not great wallet distribution. The team has been producing tons of beautiful products.... seriously just go to their site and check out their dApps, I really think "Amazon of BSC" is possible here. +* Huge alpha direct from their Telegram: beta.slamvegas.com (seriously, connect your wallet & play w/ this thing, it's nuts). +* **Price target:** $1B market cap is not out of the question. It is at \~$15M now. +* **My position:** over $10K. + +&#x200B; + +**THE RED ORDER (**[**redorder.io**](https://redorder.io)**)** + +* [https://www.coingecko.com/en/coins/the-red-order](https://www.coingecko.com/en/coins/the-red-order) +* <1M market cap, with a team that has been working very hard behind the scenes. Very little marketing so far and word has simply not spread. Stuff is coming, and when it does, this could gain a lot of traction. Unlikely to dump more, so risk of a small ape is minimal. +* **Price target:** if it gets traction, it can easily go to $10M+ market cap. +* **My position:** $5-10K. + +&#x200B; + +**NOBILITY TOKEN (**[**nobilitytoken.com**](https://nobilitytoken.com)**)** + +* [https://www.coingecko.com/en/coins/nobility](https://www.coingecko.com/en/coins/nobility) +* This is probably a shitcoin / I did not actually research the coin itself, and I'm playing it for one reason only: It has very close ties to Safemoon devs (this is alpha that you will get me and me only--- track the deployer wallet & ppl in the presale, you will see they are connected to Thomas's wallet / Safemoon's Bitmart deposit address). So this is a Safemoon play. It's quite possible it will play out like Piggy (contract: 0x1beac6df550be0ad146dd99b4726c6bec9c5c6a5), where SafemoonDev started another shitty token, and then convinced a bunch of OG Safemoon whales to sell their Safemoon & hop over (which is what caused that huge pump). +* NOT a buy & hold, just a quick flip. +* **Price target:** probably 5x before I sell +* **My position:** \~10BNB. + +&#x200B; + +**KRANZ (**[**kranz.finance**](https://kranz.finance)**)** + +* Not yet CG/CMC. $550K market cap with a massively ambitious use case (see website). +* Trusted founder, who is mutually doxxed to me. +* Already bridged & audited. +* Exchanges, partnerships, marketing... all coming. +* Come chat with the team in the Telegram @ t(dot)me/KranzChat +* **Price target:** 200-1000x (9 figure market cap) +* **My position:** \~$5-10K. + +&#x200B; + +I have a few more very promising low-caps, but they haven't made it to CoinGecko yet. + +Now that the market is coming back, what are your picks? I have about $20K that I'm still looking for some undervalued projects. +My boyfriend and I are now thinking seriously about marriage and I want to make sure we have ample discussions before we take the big step. Both of us work at FAANGs and in our mid/late twenties so while we still have a while to go (1M combined net worth), we will eventually hit fatfire status in another decade or two. What discussions would you suggest we have/what did you wish you had talked about before getting married? + +We've covered some of the big ticket items - kids/family, finances (we'll do a more in-depth discussion later in the year), careers/locations. I am looking into a pre-nup but given all comments here, I'm not sure if it's entirely useful for two people that make the same amount of money. I do agree it's good to talk about all the things a pre-nup would cover. I'm also going to be looking at general pre-marriage counseling questionnaires on the internet. Thanks! +I live in Romania. +Local currency here is called RON. + +I am thinking about exchanging all my money into EUR. I have a larger amount. + +Reason I think exchanging is a good idea: + +- inflation of the Ron is usually 2% higher than Eur. It has been like this for many years. +- there is this weird thing in Romania where expensive investments are calculated and paid in Eur: cars, real estate. One Exception is when buying new real estate from companies instead of private sellers. + + +I already have a safety fund in Ron and money to live of. + + +I think this is a nobrainer but maybe I am missing something? + +My plan is to put the money in the bank and invest it when a recession comes. + +BTW: should I diversify and buy usd too? If yes, how much %? +Good Morning Apes! + +Last night in an unexpected turn of events we got maybe some of the biggest news to come out of GameStop, unofficially, since Ryan Cohen bought in. As GME opened their NFT marketplace to content creators, artists, meme lords, and game developers. But even more interestingly ... + +https://preview.redd.it/9114lr2cda881.png?width=618&format=png&auto=webp&s=8fa44b276b88a9e9bc14b108d98b1db017dd7242 + +The possibility of a decentralized publishing system for game develops could throw GME directly into competition with companies like Microsoft, Sony, Activision, etc... Offering a way for developers to publish and more importantly fund projects. + +Imagine a game developer selling only 100,000 original copies of a game, charging a premium for that fractional IP ownership to develop the game, freeing them from the yoke of current publishing houses. Then the owners of those copies have the right to rent or sell tokenized copies of that game to others across the market place, turning each individual investor into a miniature publishing house. + +Game Developers or Individual creators selling unique in-game items through the market place for their favorite games. + +The potential is massive, not only could this potentially upset the current ingrained greenlight pathway for new games. It can create jobs and an economic opportunities for millions. + +I digress, my tits are too jackked, and I spent a good chunk of the night trying to do things with my toilet. + +https://preview.redd.it/h151i804fa881.png?width=840&format=png&auto=webp&s=b1c861ba3288f1dbf461aa83cc134241755e6d98 + +As for stock market things today, We may see some interest pick up with no official announcement yet we probably won't see straight up FOMO, but we may see some buying of the rumor. As GME prices are at yearly lows, the window of opportunity to get in on the ground floor of this could be rapidly closing. + +This also presents and interesting scenario with FTDs due today from Nov. 23 and a $20m ITM put wall erected already to stabilize price while they cover. An uptick in buy pressure could really damage their plans for washing(netting off) FTDs while stagnating the price. + +[hmm...](https://preview.redd.it/ybfrlcymga881.png?width=1130&format=png&auto=webp&s=b01b0da677f1b972dca099fcca44758f80a401a4) + +[MOASS B-I-N-G-O](https://www.reddit.com/r/Superstonk/comments/rpfabx/are_we_there_yet_moass_bingo/) DD + +&#x200B; + +**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.** + +&#x200B; + +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 + +Closing just shy of our opening price we definitely saw some volatility today, but $20 dollar intraday price swings are common place now. We will continue to see these MM FTDs play out over the next few weeks adding volatility to the rest of our expected price action. Unfortunately we didn't see a lot of volume or FOMO from the NFT creator reveal but we did see some institutional options interest pick up with some June 200c $1.3m worth getting picked up hopefully more in the next week, also an official announcement in the next few weeks could be extremely bullish. Thank you for tuning in, see you tomorrow. + +\- Gherkin + +https://preview.redd.it/oy7u04gdmc881.png?width=707&format=png&auto=webp&s=60e2503fe4975fde320a13ff0a46b1296b39cbcb + +Edit 3 11:42 + +Holding the support at 150 the volume has stagnated as we move into the mid day. + +https://preview.redd.it/bxlnxdj2bb881.png?width=1601&format=png&auto=webp&s=87e71bc46d26c5abc294265430eeb7c7e416ee02 + +Edit 2 10:23 + +Failed to push through 160, but we seem to be stabilizing a bit if we get another push it could perform a bit better now that the day traders have bailed. With a bunch of puts gone at 150 it may act as a stronger support. + +https://preview.redd.it/ov4ddcm2xa881.png?width=1602&format=png&auto=webp&s=8b2453c548764e80e5d4b4f67f8ca927c3315dc6 + +Edit 1 9:53 + +Wooo...gap up the 150 put wall is not looking so good the next point of stabilization is their puts at 160...lfg + +https://preview.redd.it/bc3m60hmra881.png?width=1594&format=png&auto=webp&s=ca2de80829c8ebebc9cf6bc67f7ca48c7ea68735 + +# Pre-Market Analysis + +Small volatility spike at pre-market open similar to yesterday testing 150 and low volume at 6k it make take some time for this news to be absorbed. While the I'm bullish as fuck the market may not see this as a signal and the price action expected today is rather stagnant. With a massive wall of ITM puts in place they are ready to cover FTDs without effecting the price too much. If we do see buy volume flow in alongside these due FTDs, then things could get really interesting. But I will keep my expectations tempered for now. + +[GME 1m chart pre-market](https://preview.redd.it/lkr5el3wha881.png?width=1635&format=png&auto=webp&s=e41ef80be32fa3405b0b99651ad20fc73ac4c416) + +CV\_VWAP + +There was a little arbitrage moving into after market last night I will be checking if we get any significant volume as illiquidity is making this indicator more and more sensitive. + +https://preview.redd.it/mna32ky7ia881.png?width=2449&format=png&auto=webp&s=6970558e3c30814c04567d7da5e8741acd34f8f2 + +**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've been with my current company over two years and have received three increases and two promotions in that time, currently my title is manager and I have a staff of six. The problem is the job is absolutely killing me. I work 60 hours a week and these are stress-filled hours where I'm being constantly harped on my senior management. I feel anxious all the time, like I'm holding my breath, and I have no time for hobbies or even a home cooked meal most days. This was already the case before my last promotion but now I just have the huge workload plus the responsibility of any mistakes my team makes. + +Obviously I've risen quickly and they say they have big plans for me here but I'm completely burned out. I don't think I could find another management job since I just started with this tier, would it be foolish to take a step back? Should I just wait it out? +I may well be way off the mark here (I usually am), but it seems when we get huge jumps down it's when the US markets are waking up. Just putting it out there for discussion, hoping some people will give us an insight on why they are choosing to sell, and where the bulk of the selling is happening. + +I will be honest, I have panic sold a little over the past couple of months, but that was because I had some family plans that were already factored in and didn't want to miss out on them. +We see an influx of new investors that are always looking for the biggest payday and that big yield number gets everyone excited in the short term because it's instant satisfaction. + +Don't overlook stocks paying sub 2%, if they regularly increase their dividend at a nice rate your rate of return goes up. I'll use one of my holds as an example.... + +BAC current yield is 1.78% anyone buying in at the current share price can expect a sub 2% return on their investment. Now over time as they bump up the dividend, you are receiving a bigger cut based on the initial investment and with that YOUR yield rate goes up. + +My holdings + +BAC current 1.78% ---- my YOC 4.94% + +CSCO current 2.91% ---- my YOC 7.12% + +I also have Disney that I bought in at $35 a share but they currently have a suspended dividend. + +&#x200B; + +Just to show you don't be scared off by that low % if you plan to hold it long term. + +The Ford F150 lightning is already back-ordered. Chevy and GMC have electric pickups coming out this year. Anecdotally, I would never buy a Tesla but I'm very interested in the Ford F-150 Lightning. Seems like Tesla has had easy pickings for the last several years. Are those days coming to an end? +I think it's important we have this discussion to bring people back to reality. Much like alot of people here, I am a January ape and have been deep into the DD and discussions for months now, and with u/criand's post yesterday, I think it's time we have a discussion. And of course, this is not financial advice, yada yada... + +For anybody who missed it, here's the post I'm referring to. Read it **multiple** times, this is **THE MOST IMPORTANT DD aside from HOC** that has been posted on this sub: + +[https://www.reddit.com/r/Superstonk/comments/o0scoy/the\_bigger\_short\_how\_2008\_is\_repeating\_at\_a\_much/](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) + +Now, for awhile we've speculated that GME will moon when the market crashes, but for a long time now, I think we've been looking at it the wrong way. **The market will not crash BECAUSE of GME, the market is doomed to crash ON ITS OWN and GME is the best hedge against the crash you could possibly buy.** + +Everyday we have a new post speculating what rule is going to be the catalyst or what Ryan Cohen can do to set off the MOASS, but this was never going to be the case. Don't get me wrong, I am a HUGE fan of RC and what he's doing for Gamestop, and fully believe in his vision moving forward, however, he is there to do what is best for GME. **Setting off the MOASS is NOT what is best for GME.** IMO Ryan is being the smartest ape he can be by keeping his head low, keeping his cards close, and making power moves to keep himself out of the spotlight until the MOASS is over. **Can you imagine the lawsuits Gamestop would incur if something they did set off the MOASS? IT COULD EVEN END THE COMPANY BY DROWNING THEM IN LITIGATION.** + +"But u/fakeasian, if RC doesn't set off the MOASS, surely it'll be one of the rules they pass, right?" + +**WRONG.** We're foolish to think that any of these rules are for our benefit. These rules are being created to make a blast shield for the shitshow that's about to occur when the market crashes and to prevent another MOASS from happening in the future. The post I linked goes into detail about this, so if you still haven't read it, even though I told you to, GO FUCKING READ IT. + +**THE MOASS WAS ONLY AND WILL ONLY OCCUR WHEN A HEDGE FUND GOES UNDER AND IS FORCED TO COVER.** There, I said it. + +**THE GOOD NEWS** is that we are ABSOLUTELY doing damage. We know they're bleeding and getting more desperate and if u/criand is right, shit is about to hit the fan when all those commercial loans are allowed to default on June 30th. I know we don't talk dates, but the market is clearly freaking out and the powers that be know this is coming because of all the rules they passed to shield themselves. **ALL IT WILL TAKE IS ONE HEDGIE TO GO UNDER, BE FORCED TO COVER, AND THE REST OF THE DOMINOS WILL FALL.** + +&#x200B; + +**TL:DR** I've gotta say that the last 6 months have been the most fun I've ever had on the internet and I love all you guys but **IM FUCKING TIRED.** I know I cant be the only one, and I'm just worried about apes, especially new apes getting burnt out when we're really close to the end. **THERE IS NOTHING ANY OF US OR RYAN COHEN CAN DO TO START THE MOASS. WE NEED TO JUST WAIT PATIENTLY UNTIL HEDGE FUNDS BLEED OUT AND GET LIQUIDATED, THEN IT'S GAME ON.** The thesis remains the same. They can't bring the price down if we continue to buy and hold. Just keep a level head, breathe, be patient, and most importantly, **BUY. HOLD. JACK YOUR TITS. WE ARE IN THE ENDGAME (AGAIN).** + +&#x200B; + +EDIT: For those of you saying RC has a fiduciary duty to the shareholders, you aren't wrong, but they've already done their part. RC came in and ensured that Gamestop isn't going under and raised a buttload of capital to make moves with. **THIS WAS THE START OF SETTING OFF THE MOASS. If RC didn't step in and save GS from bankruptcy, we wouldn't be here right now.** RC has done his part, now we just need to buy and hold until a hedge fund bleeds out and is forced to cover. +*The Jungle Beat will be posted every trading day at 4:20 pm NYSE time!* + +https://preview.redd.it/uiiuhjny08a71.png?width=1426&format=png&auto=webp&s=56bc5df1fc553b5e124a85cdbe6897a3e3ea4b37 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $191.23 + +&#x200B; + +Open Price: $190.88 + +Daily High: $194.78 + +Daily Low: $186.75 + +Volume: 1.53 MM + +# Seriously this is the lowest vol in a year 👀 + +&#x200B; + +[shoutout u\/dlauer for the meme!](https://preview.redd.it/5i6ibt4129a71.png?width=1362&format=png&auto=webp&s=3de88941b6b7628ab0d59effbaab0beda8c84eca) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Lego Support Achieved, Brick by Brick + +&#x200B; + +[awww yissss](https://preview.redd.it/so6s4ihbg8a71.jpg?width=1080&format=pjpg&auto=webp&s=471681f08dde11184fd9e26026db335b74f0aa5c) + +&#x200B; + +[thanks u\/zedinstead](https://preview.redd.it/c4vc6igdg8a71.png?width=640&format=png&auto=webp&s=994d6229e9eee28577dab54dd226e217364304f3) + +Well Superstonkers, between the apes on this sub and the people who saw RC's tweet yesterday about the Gamestop lego set, it appears it has received full support needed to make it to the next phase of development. Seems like the perfect keepsake to remember just how much we love the stock, and the store. I would most certainly buy 2 so I could keep one in the box forever, and repeatedly step on the other set around my mansion for years to come. 🙃 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight + +Must read DD- [u/PWNWTFBBQ](https://www.reddit.com/user/PWNWTFBBQ/) [Thinks they figured out the shorting algorithm](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/). + +&#x200B; + +[meme cred u\/PWNWTFBBQ](https://preview.redd.it/kw6ptu9bo8a71.png?width=772&format=png&auto=webp&s=11af90f992079edec10068b7530631b129671f70) + +&#x200B; + +# Codes + +by u/Captain-Fan + +&#x200B; + +Hey Captain-Fan here, happy to see that his programming knowledge is finally useful to get in on the tweet explanation game. + +&#x200B; + +https://preview.redd.it/uc3mwpltv8a71.jpg?width=1080&format=pjpg&auto=webp&s=97aa5f12416ce7d72a40ed8207b70c7d0c498cff + +A pull request is a coding thing, it means that you've added some code to a project and are asking the owner of that project to add it. + +&#x200B; + +When multiple programmers are writing a program together, it is very important that they don’t accidentally overwrite each other's changes. To prevent this each developer downloads a copy of the ‘master’ version of the code. This master version contains all the accepted changes to the code, so you are sure that it will work. The developer will then start writing new code, and submitting pull-requests. When receiving a pull request, the owner of the code will check if it does not cause issues, and accept the request if it doesn’t. This new code is now part of the master version, so that the other programmers also download the new code the next time they download a copy of the master version + +&#x200B; + +# Relevant Post + +&#x200B; + +[One of the addresses associated with the GameStop NFT had a transaction today. Any wrinkle brains able to tell what it was used for?](https://www.reddit.com/r/Superstonk/comments/ogjbcy/one_of_the_addresses_associated_with_the_gamestop/) + +&#x200B; + +Top comment from u/nuclear-falcon: + +**Official Gamestop NFT Contract “GME NFT”:** + +0x13374200c29C757FDCc72F15Da98fb94f286d71e + +**Was created by “Creator”:** + +0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad + +**"Creator" is the account in question that OP linked.** + +*Creator is a contract itself!* If you go to the contract's [etherscan page](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#readProxyContract) \-> Contract -> "Read Contract as Proxy" you can get a little bit of information. The NAME field is “**Gnosis Safe**” which is a service in the form of a contract to force multiple people in a company to sign off on transactions before they happen, which is how you keep crypto at a company safe. [Here](https://help.gnosis-safe.io/en/articles/3876456-what-is-gnosis-safe) is a brief overview from their website. + +If you go to the Creator address, you’ll see a transaction from \~8 hours ago and then one that happened \~5 minutes ago (all from the time of writing). The “Events” tab on etherscan allows you to see which functions were executed. + +Transaction from \~8 hours ago was to add “Add Owner” function execution. I think this means they added another person who can sign off on transactions. + +Transaction from \~5 minutes ago executed 2 functions: + +Remove Owner - to Remove a person/wallet from signing off on transactions + +Add Owner - same as the one from \~8 hours ago that adds someone + +**What I think this means:** + +The NFTeam is adding new people who have rights to sign off on transactions with the official GameStop company crypto. This is a security measure that means no single person at the company can control/steal/send crypto to anyone else + +🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Personal FUD: Defeating the Enemy Within + +by u/bradduck_flyntmoore + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! Today, I'd like to talk to you all about Personal FUD and how to overcome it. What IS personal FUD, you might ask? For the newer apes who might not know, FUD is an acronym meaning Fear, Uncertainty and Doubt. It often comes in the form of shills using disinformation or misdirection, even straight up lies or threats. BUT, it is also all those negative thoughts creeping around in your head that whisper negativity to you. + +&#x200B; + +"You didn't earn this." "It'll never work out, it never does." "You'll find a way to mess this up, just like everything else you touch." "Other people deserve this more than you." "Give up, it isn't worth it." "What about all the people that will suffer if you break the economy?" "You never get lucky, this is no different." Those are just a few examples of personal FUD. The things we say to ourselves that bring us down and make us question why we are even here in the first place. + +&#x200B; + +I've seen a lot of apes go through this, especially when they first get deeply involved with GameStop. Hell, I went through it. It is for this reason I write to you today, to let you know: apes together strong; you ARE worthy; and you DO deserve happiness and tendies. I shall now elaborate. + +&#x200B; + +Whose capital are you investing? Yours. Whose time are you dedicating to learning about the stock and the market as a whole? Yours. Who has to deal with the shills constantly trying to drag apes down and convince them they are wrong? It's YOU! It is all apes. Who has been patiently waiting for days, weeks, or months, only to watch the stock get manipulated like crazy? You again. But guess what? Apes are STILL winning, despite all the fuckery they can muster. + +&#x200B; + +**Nobody made you do any of that. It wasn't luck. It was all a conscious choice you made to better yourself, your life, and the lives of those you care about.** Is it a risk? Sure, most worthwhile things are. There is no way to know what the future holds. This risk, unlike most others, however, is extremely calculated. There is a mind-boggling amount of info supporting a MOASS. Hedgies r fuk, as the saying goes. Just look at the media for confirmation. How long has this "been over" now? I don't know about the rest of you, but I ain't hear no bell!! + +&#x200B; + +As a community, I've seen some incredible love and respect and knowledge and kindness and humor being passed around. Blows my mind every day. This is, in my humble opinion, the greatest place on the internet, and what apes are doing WILL change the world. It has already started. Just look at all the new rules that are being put into place because of the actions of apes! Look at the extremely knowledgeable, industry professional AMA guests that come here and the light that burns in their eyes upon seeing how serious apes are about breaking the corrupt game to pieces. It's amazing. They know it, I know it, apes should know it, too. + +&#x200B; + +I'd like to leave this on a note for those who still have Personal FUD rattling in their heads, despite what I have said here. Reach out to your fellow apes. Engage in the community. Learn. Laugh. Don't be afraid to talk about your Fear, Uncertainty, and Doubt. WE HAVE ALL BEEN THERE. Some of us likely still are. Lean on the apes that have more experience or have been in the game longer. Apes Together Strong means helping each other become better than we are, every day. I do not Fear for our future, rather, I am excited for it. I am not Uncertain of the outcome, as we have already won; it's just a matter of waiting for reality to catch up. And I do not Doubt apes will change the world, as I can see it happening before my very eyes. + +&#x200B; + +**Power to the Player! 🚀🌙** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Time Out! 🙅‍♀️ + +by Pink + +&#x200B; + +As we approach another weekend, I want to first commend everyone here for doing such an amazing job of helping to keep the sub clean. As difficult as it seems sometimes, we are running like a well-oiled machine. Having said that, I would like to take a minute to discuss the reality here. + +&#x200B; + +Whatever is happening in the broader market right now- [which seems to indicate a big correction coming](https://www.reddit.com/r/Superstonk/comments/ogp3se/a_tldr_history_of_market_crashes/)\- **is going to happen regardless of what happens in this sub**. We are a community of wonderful apes that all happen to share a love of the stock, and it's wonderful to be able to congregate here and discuss the future of the stock we like and company we love. This will seriously be a time we will always look back on fondly, no matter what the future holds. + +&#x200B; + +But I stress again, that whatever is about to happen, is set to happen. If the stock goes up, if the market crashes, moon soon or not, millis or billis or trillis or whatever... it is going to happen no matter what we do. The power is not in our hands. All I do is buy a stock I like and HODL it tight. And I have all the time in the world for that, it doesn't cost me a dime more than the ask. + +&#x200B; + +The hedgies must pay every day that they hold a short position. And not just the implied cost of holding the position. They have to pay the media for their spun narrative, and their shills to infiltrate and harass our community. + +&#x200B; + +*Which brings me to another point. We don't harass anyone. Not hedgies, not other subs, and not former mods. So anything referencing that mod and their recent visit to our sub will be removed.* + +&#x200B; + +So spend some time away whenever you can from the craziness that we are witnessing. Go outside, drink lots of water, spend time with the fam and friends... pet your dog and HODL your shares. We'll get there when we get there. ✌💖 + +https://preview.redd.it/tnfkhvpzx8a71.jpg?width=900&format=pjpg&auto=webp&s=f158d3e0332ec950639e8a27e515a6b97d82e2a4 + +# Don't forget you can comment !powerup! for your limited edition Power to the Players flair! Happy Friday! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +&#x200B; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store)** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop)** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) +* [**Gamestop Ireland**](https://www.gamestop.ie/)**,** [**Gamestop Germany**](https://www.gamestop.de/) +* [**New! Gamestop Discord!**](https://t.co/TkbaCsiHQM?amp=1) + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/StonkSandwich](https://twitter.com/StonkSandwich) + +[https://twitter.com/ItsCaptainFan](https://twitter.com/ItsCaptainFan) + +[https://twitter.com/grungromp](https://twitter.com/grungromp) + +[https://twitter.com/MetaMadie](https://twitter.com/MetaMadie) + +[https://twitter.com/\_\_badtothebone\_](https://twitter.com/__badtothebone_) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/algsl1yw08a71.png?width=1600&format=png&auto=webp&s=9049aecc1134c7b7b283a1c5092d493381a4aafd +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 +Hi, so I am selling calls on a stock I bought in June (XOM), but has gone against me and now down about 20% on stock price so I am selling calls like crazy to lower my cost basis and have been doing very good along w/ collecting dividend payouts - I have read to sell calls at 30 delta, 30-45DTE and buy back at 50% max profit, then repeat.... I just want to get back to even and then sell the stock completely. Can anyone help w/ advice on how they would continue managing this position and when they would roll if it gets challenged or goes ITM? +Speaking mostly about short to medium term...a few days or weeks. Not walking away from the computer for lunch, or quitting for years. + +I did this back in May and while I missed the huge bullish rally (mostly), I’m glad I did take a step back for a bit. +I believe this is the right place to post this? I live in northern ireland and was taxed for my previous (first) part time job. It was minimum wage and I’m only 16 years old so I shouldn’t be getting taxed but I was put on some emergency tax code that I need to appeal. Anyone here know how to do this? What number should I ring and what are the steps? What information do I need to provide so I can have everything ready? +Deutsche Bank is the first major bank to forecast a US recession. "We will get a major recession," Deutsche Bank economists wrote. + +The problem, according to the bank, is that while inflation may be peaking, it will take a "long time" before it gets back down to the Fed's goal of 2%. That suggests the central bank will raise interest rates so aggressively that it hurts the economy. + +Thirty-eight percent of small US business owners say inflation is their biggest concern, twice as many as the second place “supply chain disruptions” (19%) and well above Covid-19 (13%) and labor shortages (13%). + +In case of recession, where should one put his money? +Mine: + +Large caps will gain by year end although with lesser gain than in 2019 + +Mid caps: Revival will start by EOY with minor +ve gains as economy starts showing recovery + +Small caps: Will still be in red + +Also, nifty index funds will continue outperforming majority of active large caps +Out of curiosity, do you guys have an exit strategy for your investments? + +I completely follow with the long term wealth accumulation, however, there are times when I’m tempted to book profits in the short term, specially when some of the funds cross 15-20% annualised return, being out of exit load and LTCG of 1L tax free. + +Just wanted to know how others manage it. + +Cheers. + +> Edit - Thank you everyone for the responses, it honestly helps one learn a new perspective of more mature investors. Much appreciated! :) +So, I have been noticing for quite sometime now that Franklin Templeton is by far one of the most recommended AMCs on various investment focused websites like freefincal, advisorkhoj etc. However, the performance of Franklin Templeton relative to its peers hasn't be so great over the past few years. The Franklin India Prima Fund and Franklin India Smaller Companies Fund have under performed their peers by a decent margin. + +So my doubt is, despite FT's performance not being top notch per se, why do so many people recommend the AMC and its various schemes? Is it something to do with their methodology or what is it? +There is a property I'm interested in. It's not yet on MLS. It needs alot of work and it is pretty much abandoned, lawn isn't maintained, they're racking up fees per the HOA, etc. + +I did some research and the owner passed away one year ago. He has two kids, a 30 year old and 37 year old, both of whom have moved out. I was never close to the owner nor the kids but I did wave hi to the son on occasion. I searched through property records and apparently, the owner had a will but did not list the kids; instead, it was what appears to be two sisters but per the affidavit, it seems they are proclaiming no interest in the property.... so it can go to the owner's kids perhaps? + +How would you approach this and how should I word the letter? I am thinking of doing a cash offer and explaining my intent to renovate the property, fix the roof and soffit, maintain the lawn, create a brick wall (their fence is broken and leaning sideways, the house shares the same wall with the HOA community sign wall as well). TIA. +California, I am her POA (can't form a trust, POA from local legal aid wasn't strong enough much to my surprise yesterday) can refinance her mortgage. There isn't a possible outcome where my mother will be able to sign a new POA or trust before death. + +Her loan is atrocious (4.75%, 2400 inc. taxes) & more than we can sustainably afford without her monthly retirement (income from divorce will expire with her) & her SSI. Worried about our families ability to pay that with her house tied up in probate for 4-6 months. Immediate family was planning on renting it out as a way to pay for the mortgage & keep the asset in the family. 200k mortgage on a house valued \~ 600k. My mom doesn't have any assets we can sell & we have to spend down approximately 5k to qualify for Medical to pay for her hospice. So after she passes, factoring burial costs, we will take on the burden of the mortgage without funds to float us. I have approximately 6k stocks I can sell to help float, but idk if I will be able to recoup that in any reasonable period & was hoping to save that for retirement (28 years old). + +She barely qualifies for a conventional mortgage refi at the moment \~3.4% 1800/ inc. taxes (high debt i.e. mortgage to income ratio). We were waiting a few months to build my grandma's credit (no credit history) to cosign & refinance with a much rate i.e. \~2.3% no upfront costs on either. + +Now that we don't have the time to wait for that does trying to get a quick refi through on my moms income make sense? + +Close family who would inherit don't make good refi mortgage candidates after probate. Brother (already has mortgage on his own home, lost job due to Covid, went back to school on GI bill), other brother (living on SSI due to disabilities), me (student debt balance surpassing yearly income, work as a server & COVID wrecked my income this year). My brothers wife is willing to be a guarantor ( high income but on brothers mortgage) cause she's an angel, but that isn't ideal. My Grandma is willing to be a guarantor but only makes \~30k (no debt) & her health is very fragile so I worry about betting on that income if we have to wait months on end for her credit + probate. + +All that being said I already have all my moms documents summitted with a local broker from our previous refi attempt before we realized my gram had zero credit. I think it would be fairly easy to get the process going in the next few days. + +I just have zero idea whether that is a good idea or not, or what happens if my mother dies during the process, or how long the loan process will take? If she dies during that process will we be left with additional fees added onto mortgage without the lower monthly bill from completed refi? + +If you have any questions or need more info, to help make judgements let me know. + +Very stressed & juggling a lot right now. Some financial direction or any insight would be extremely helpful. + +Update*: Just got off a call with one of the brokers I had previously been shopping with. He said that there is nothing legally wrong with what I'm doing & that it's exactly what the Power of Attorney is for. He said the turn around for his company was 30 days, & that if my mom dies before the refinancing is complete, it probably ends up null before going into probate. (Rocket mortgage is a great service. Although I was able to find slightly cheaper rates locally.) +https://electrek.co/2017/08/07/tesla-tsla-debt-raising-model-3/ + +Senior notes due on 2025, will be interesting to see the coupon rate on this issue. The last issue was for 2.375% but were convertible. +Building on a previous post ([http://redd.it/i2thge/](http://redd.it/i2thge/)) asking the community to pick underrated stocks, there was interest in seeing the quarterly performance of everyone's picks + +The first quarter can be seen here: [http://redd.it/jti14m/](http://redd.it/jti14m/) + +For this quarter, the key takeaways are as follows: + +* Overall average return of 72.2% (driven by the GME pick) +* If you invested equally in each stock, returns would have been 41.9%, or if you bought one of each stock, returns would have been 37.5% +* 86% of the 254 picks have shown a positive return, with 80% greater than 10% return and 20% greater than 100% return +* Highest returning pick: Gamestock (GME) at 1342% flagged by /u/EmployerOfTheMonth, to which they stated *"If it goes up, people will think I'm some sort genius for going against the crowd, if it goes down, people will just mindly brush me off as a moron for actually thinking this was underrated"* +* If you invested in the top 5 most upvoted stocks (NET, CRSP, STNE, NVDA, NOK), you would have seen an average return of 62% +* If you invested in the top 5 most controversial stocks (TSLA, WD, AMD, LMND, UBER), you would have seen a return of 93% +* If you had invested equally in the stocks with greater than 10% return in the first 30 days, your total return would be 53.1% + +In graphical format, you can also see the results here: [https://i.imgur.com/CzEYTxv.png](https://i.imgur.com/CzEYTxv.png) + +# For those who keep asking for another round of tracking underrated stocks, I'll add a comment below to collect new picks to monitor. Happy to update you on a similar cadence. + +As a reminder, please do not interpret results seen here as an endorsement of the investing prowess of the community. Invest at your own risk. + +For reference, below is a table of the current stocks sorted by performance + +|**Symbol**|**Company**|**Delta**|**Provided by**| +|:-|:-|:-|:-| +|**GME**|GameStop Corp.|1342%|/u/EmployerOfTheMonth| +|**FCEL**|FuelCell Energy Inc|885%|/u/i-kno-nothing, /u/dewaser| +|**EH**|EHang Holdings Ltd - ADR|703%|/u/TheEUR0PEAN| +|**AYTU**|Aytu Bioscience Inc|502%|/u/Bkzkilla2, /u/beefy-ambulance, /u/subaruveganguy22| +|**PLUG**|Plug Power Inc|487%|/u/lukwas_| +|**DQ**|Daqo New Energy Corp|365%|/u/stonk_daddy| +|**NIO**|Nio Inc - ADR|340%|/u/makesalotofmoney, /u/Carrera_GT, /u/Charlie Brown364| +|**APHA**|Aphria Inc|325%|/u/Aprhria, /u/Bdghablig| +|**APPS**|Digital Turbine Inc|303%|/u/toop4| +|**SPWR**|SunPower Corporation|282%|/u/Hadouukken| +|**NTLA**|Intellia Therapeutics Inc|273%|/u/earthmoonsun| +|**UAVS**|Ageagle Aerial Systems Inc|268%|/u/fishkillr| +|**GBTC**|Grayscale Bitcoin Trust (Btc)|250%|/u/asherlevi| +|**JMIA**|Jumia Technologies AG - ADR|218%|/u/Jerund, /u/souptrades, /u/7YearOldCodPlayer, /u/CharlieBrown364, /u/fortnitehead| +|**TSLA**|Tesla Inc|197%|/u/Skurinator, /u/goldcakes, /u/redmars1234, /u/Drortmeyer2017| +|**ALTO**|Pacific Ethanol|187%|/u/adamtejot| +|**BB**|BlackBerry Ltd|184%|/u/mh1t, /u/EthosPathosLegos| +|**XPEL**|Xpel Inc|183%|/u/Bkazzle| +|**SOLO**|Electrameccanica Vehicles Corp|178%|/u/IHaveUsernameBlock| +|**ENPH**|Enphase Energy Inc|172%|/u/deGoblin| +|**TCNNF**|Trulieve Cannabis Corp|163%|/u/grphelps1, /u/Cucumber_Cooling| +|**KLR**|Kaleyra Inc|161%|/u/souptrades| +|**BABYF**|Else Nutrition Holdings Inc|156%|/u/PringlesAreUs| +|**TPIC**|TPI Composites Inc|155%|/u/polwas| +|**ALNOV**|Novacyt SA|149%|/u/Snoopmatt| +|**CRLBF**|Cresco Labs Inc|148%|/u/UncleSlippyFist| +|**PENN**|Penn National Gaming, Inc|147%|/u/Calpool| +|**PLNHF**|Planet 13 Holdings Inc|145%|/u/MMatter1| +|**TUP**|Tupperware Brands Corporation|145%|/u/Scumbaggedfriends| +|**WKHS**|Workhorse Group Inc|140%|/u/VisionsDB| +|**CSIQ**|Canadian Solar Inc.|135%|/u/MrMineHeads, vvv561| +|**SITM**|SiTime Corp|135%|/u/drbh_| +|**TAN**|Invesco Solar ETF|132%|/u/z74al| +|**CDLX**|Cardlytics Inc|129%|/u/whossayn, /u/YarManYak| +|**PINS**|Pinterest Inc|128%|/u/EthanPhan| +|**NET**|Cloudflare Inc|127%|/u/thereisnospoongeek, /u/olliemacg, /u/Boots2243| +|**CVAC**|CureVac|126%|/u/Tangerinho| +|**INMD**|Inmode Ltd|119%|/u/meta-cognizant, /u/craneman813| +|**SIX**|Six Flags Entertainment Corp|119%|/u/EthosPathosLegos| +|**AXON**|Axon Enterprise|117%|/u/ansofteng| +|**MAXR**|Maxar Technologies Inc|113%|/u/Borne2Run| +|**GM**|General Motors Company|113%|/u/Buttershine_Beta| +|**INSP**|Inspire Medical Systems Inc|113%|/u/JPINFV2| +|**PTON**|Peloton Interactive Inc|112%|/u/loosetingles| +|**LMND**|Lemonade Inc|112%|/u/br1ghtness, /u/skkreet, /u/hahadumblloyd| +|**VIAC**|CBS Corporation Common Stock|108%|/u/1987supertramp| +|**XBC**|Xebec Adsorption Inc.|107%|/u/Mug_of_coffee| +|**AIR**|AAR Corp.|106%|/u/paulo92834| +|**SE**|Sea Ltd|104%|/u/scatterblodded, /u/tradeintel828384839, /u/thug_funnie, /u/Meymo| +|**RDFN**|Redfin Corp|103%|/u/shreddit47| +|**EDIT**|Editas Medicine Inc|101%|/u/earthmoonsun| +|**CVM**|CEL-SCI Corporation|100%|/u/Golden_Pineapple| +|**TSE:WELL**|WELL Health Technologies Corp|100%|/u/Unlucky-Prize, /u/IcemanVish| +|**PMCB**|Pharmacyte Biotech Inc|100%|/u/DillieTheSquid| +|**COTY**|Coty Inc|99%|/u/NhatNguyen2112| +|**ICLN**|iShares Global Clean Energy ETF|98%|/u/drheman25Q| +|**AUMN**|Golden Minerals Co|95%|/u/YEEEEEAAAAA| +|**ALLY**|Ally Financial Inc|95%|/u/jcurtis44| +|**VNRX**|VolitionRX Ltd|94%|/u/RiDDDiK1337| +|**RIGL**|Rigel Pharmaceuticals, Inc.|91%|/u/Gay_Demons| +|**IAC**|IAC/Interactivecorp|89%|/u/dvdmovie1| +|**TXG**|10X Genomics Inc|89%|/u/Unlucky-Prize| +|**TA**|Travelcenters of America Inc|89%|/u/jk_tilt| +|**RVP**|Retractable Technologies, Inc.|89%|/u/EmreCanPuns| +|**CRSP**|Crispr Therapeutics AG|88%|/u/emtvaikkajoku| +|**PD**|Pagerduty Inc|88%|/u/throthrowth| +|**IIPR**|Innovative Industrial Properties Inc|88%|/u/Dalis_Ktm| +|**NCR**|NCR Corporation|87%|/u/IAMBEOWULFF, /u/fistymonkey1337| +|**BL**|Blackline Inc|87%|/u/veebeew| +|**RMCF**|Rocky Mountain Chocolate Factory, Inc.|84%|/u/howtoreadspaghetti| +|**ELVT**|Elevate Credit Inc|84%|/u/ScoreFuture| +|**SAVE**|Spirit Airlines Incorporated|84%|/u/Matous_Palecek| +|**UTZ**|Utz Brands Inc|84%|/u/RIC_FLAIR-WOOO| +|**RNLSY**|Renault ADR|82%|/u/jw8700| +|**RAZFF**|Razer Inc|82%|/u/ThatOneRedditBro| +|**DKNG**|Draftkings Inc|82%|/u/boomshalock| +|**STNE**|StoneCo Ltd|81%|/u/GromGrommeta| +|**Uber**|Uber Technologies Inc|80%|/u/DukeBD2021| +|**FLR**|Fluor Corp|80%|/u/lost_searching| +|**NVTA**|InVitae Corp|79%|/u/emtvaikkajoku, /u/CrackHeadRodeo| +|**SQ**|Square Inc|77%|/u/cuti95, /u/ConstructivePlayer, /u/Lfastrsx, /u/jercky, /u/CharlieBrown364| +|**PRLB**|Proto Labs Inc|74%|/u/JEesSs| +|**TTD**|Trade Desk Inc|73%|/u/all_hail_hypno, /u/Kay312010| +|**MU**|Micron Technology, Inc.|72%|/u/Wexoch| +|**ETSY**|Etsy Inc|72%|/u/PeskyShart| +|**NUAN**|Nuance Communications Inc.|71%|/u/IwantmyMTZ| +|**HEAR**|Turtle Beach Corp|69%|/u/chancsc11| +|**WD**|Walker & Dunlop, Inc.|69%|/u/TBSchemer| +|**MAC**|Macerich Co|69%|/u/skvettlappen| +|**TTCF**|Tattooed Chef Inc|67%|/u/Mug_of_coffee| +|**PRPL**|Purple Innovation Inc|66%|/u/jloy88, /u/CharlieBrown364, /u/RemiMartin| +|**TSM**|Taiwan Semiconductor Mfg. Co. Ltd.|66%|/u/Paks_12345, /u/sogladatwork, /u/BlissfulThinkr| +|**RAMPF**|Polaris Infrastructure Inc|66%|/u/CaptainCanuck93| +|**RUN**|Sunrun Inc|64%|/u/FactualNeutronStar| +|**INSG**|Inseego Corp|63%|/u/esoccer141414| +|**TAAL**|Taal Distributed Information Techs Inc|62%|/u/AwesomeMathUse| +|**MX**|Magnachip Semiconductor Corp|61%|/u/samtony234| +|**TWLO**|Twilio Inc|60%|/u/MarconianRex| +|**RAD**|Rite Aid Corporation|59%|/u/ManagerMilkshake| +|**MELI**|Mercadolibre Inc|59%|/u/pontoumporcento| +|**LDL**|Lydall, Inc.|59%|/u/Henisockle| +|**EZJ**|ProShares Ultra MSCI Japan ETF|57%|/u/Necessary_Club_6714| +|**LOGI**|Logitech International SA|56%|/u/CharlieBrown364| +|**OTIC**|Otonomy Inc|54%|/u/Unlucky-Prize| +|**ASML**|ASML Holding NV|54%|/u/EthosPathosLegos, /u/earthmoonsun| +|**DS**|Drive Shack Inc|52%|/u/Bobjenkins97| +|**NYSE:PSTH**|Pershing Square Tontine Holdings Ord Shs Class A|52%|/u/5_yr_lurker| +|**SBSW**|Sibanye Stillwater Ltd|52%|/u/marqui4me| +|**SEDG**|Solaredge Technologies Inc|51%|/u/m4r1vs| +|**ESRT**|Empire State Realty Trust Inc|51%|/u/silverpaw1786| +|**YETI**|Yeti Holdings Inc|50%|/u/boomwhackers| +|**GAN**|Gan Ltd|50%|/u/emcdeezy22| +|**TDOC**|Teladoc Health Inc|50%|/u/staniel_diverson, /u/Raybay192, /u/Drifter 1996, /u/moveitover| +|**ALXN**|Alexion Pharmaceuticals, Inc.|50%|/u/fisk47| +|**WORK**|Slack Technologies Inc|49%|/u/AntwanDixon_| +|**BPY**|Brookfield Property Partners LP Unit|49%|/u/Onarco| +|**MDWD**|Mediwound Ltd|48%|/u/blueblade408| +|**BTU**|Peabody Energy Corporation|48%|/u/aviatoraway1| +|**MS**|Morgan Stanley|47%|/u/wrs97| +|**TGT**|Target Corporation|47%|/u/Kosher-Bacon| +|**SDGR**|Schrodinger Inc|47%|/u/TipasaNuptials, /u/asianmarysue, /u/RattleGoreBitcoin| +|**CYBR**|Cyberark Software Ltd|46%|/u/Kevenam| +|**DIS**|Walt Disney Co|46%|/u/jadenmc2189, /u/biz_student| +|**NYMT**|New York Mortgage Trust Inc|46%|/u/ToKeepAndToHoldForev| +|**FLIR**|FLIR Systems, Inc.|46%|/u/*zerokarma*| +|**SNE**|Sony Corp|44%|/u/drorhac| +|**TMDX**|TransMedics Group Inc|44%|/u/DropoutEngy| +|**AVLR**|Avalara Inc|44%|/u/nomdeplume_alias| +|**BLU**|BELLUS Health Inc|43%|/u/NhatNguyen2112| +|**URW**|Unibail-Rodamco-Westfield SE|43%|/u/eams66| +|**TEAM**|Atlassian Corporation PLC|43%|/u/shadowrckts| +|**CCJ**|Cameco Corp|42%|/u/jh4962772, /u/Commandobolt, /u/3STmotivation| +|**JPM**|JPMorgan Chase & Co.|41%|/u/wrs97| +|**WIZZ**|Wizz Air Holdings PLC|41%|/u/Matous_Palecek| +|**FSLY**|Fastly Inc|41%|/u/AwesomeMathUse| +|**VHC**|VirnetX Holding Corporation|40%|/u/vyts18| +|**SAM**|Boston Beer Company Inc|39%|/u/Top_Island| +|**SDC**|SmileDirectClub Inc|39%|/u/meeni131| +|**GFL**|GFL Environmental Inc|39%|/u/lenadunhamsbutthole| +|**NPSNY**|Naspers Limited|38%|/u/Demandredz| +|**TSE:AC**|Air Canada|38%|/u/priamXus| +|**MTCH**|Match Group Inc|37%|/u/BallinLikeImKobe24| +|**HERO**|Global X Video Games & Esports ETF|37%|/u/sgtyzi| +|**NOW**|ServiceNow Inc|36%|/u/cookingboy| +|**OKTA**|Okta Inc|35%|/u/Bcr731| +|**DRNA**|Dicerna Pharmaceuticals Inc|34%|/u/earthmoonsun| +|**SLP**|Simulations Plus, Inc.|34%|/u/hellohi3| +|**WFC**|Wells Fargo & Co|33%|/u/yehdhbdjdjd| +|**GNUS**|Genius Brands International Inc|32%|/u/due11| +|**CDW**|CDW common stock|31%|/u/plorfu| +|**TAP**|Molson Coors Beverage Co Class B|31%|/u/howtoreadspaghetti| +|**CIBR**|First Trust NASDAQ Cybersecurity ETF|29%|/u/komoggmu321| +|**BFIT**|Global X Health & Wellness Thematic ETF|29%|/u/Venhuizer| +|**NVDA**|NVIDIA Corporation|29%|/u/TBSchemer, friedtea15| +|**TD**|Toronto-Dominion Bank|29%|/u/robbierox123| +|**BYND**|Beyond Meat Inc|29%|/u/Kreisensalat, /u/*Flipside*| +|**SPOT**|Spotify Technology SA|28%|/u/_Hard4Jesus| +|**HR.UN**|H&R Real Estate Investment Trust|28%|/u/CaptainCanuck93| +|**SHOP**|Shopify Inc|28%|/u/AwesomeMathUse| +|**BAM**|Brookfield Asset Management Inc|28%|/u/duongroi, /u/Avaronah| +|**CYDY**|CytoDyn Inc|27%|/u/dufmum| +|**BAC**|Bank of America Corp|27%|/u/oobydoobydoobydoo, /u/wrs97| +|**OLED**|Universal Display Corporation|26%|/u/niknikniknikniknik1| +|**TJX**|TJX Companies Inc|26%|/u/princess-smartypants| +|**STO:TIGO-SDB**|Millicom International Cellular SA(SWE)|26%|/u/joseph460| +|**DNNGY**|Orsted A S Unsponsored ADR|25%|/u/BrentfordFC21| +|**ESNT**|Essent Group Ltd|25%|/u/veggie-man| +|**OTCMKTS:PRXXF**|Paradox Interactive AB (publ)|23%|/u/I_worship_odin| +|**AAPL**|Apple Inc|23%|/u/tcldstnvdw| +|**INTC**|Intel Corporation|23%|/u/ionlypwn, /u/TitanCrasher54, /u/niknikniknikniknik1| +|**VLO**|Valero Energy Corporation|23%|/u/chickenandcheesefart| +|**NEWR**|New Relic Inc|23%|/u/Dalis_Ktm| +|**WAB**|Westinghouse Air Brake Technologies Corp|23%|/u/warman506| +|**ATVI**|Activision Blizzard, Inc.|23%|/u/Mondanivalo| +|**NVR**|NVR, Inc.|22%|/u/Linnake| +|**ARCC**|Ares Capital Corporation|22%|/u/ThemChecks| +|**NATH**|Nathan's Famous, Inc.|22%|/u/howtoreadspaghetti| +|**DOCU**|Docusign Inc|22%|/u/h3ku, /u/Teach-101| +|**TRVN**|Trevena Inc|21%|/u/pacosteles| +|**VTSAX**|Vanguard Total Stock Market Index Fund Admiral Shares|21%|/u/WackyBeachJustice| +|**FSR**|Fisker Inc|21%|/u/bigsexy12| +|**OXB**|Oxford BioMedica plc|20%|/u/arabidopsis| +|**IMKTA**|Ingles Markets, Incorporated|20%|/u/kimjungoon| +|**RTX**|Raytheon Technologies Corp|18%|/u/anon2019L| +|**CHGG**|Chegg Inc|17%|/u/Boots2243| +|**HZNP**|Horizon Therapeutics PLC|16%|/u/thesearchforanswer| +|**VTR**|Ventas, Inc.|16%|/u/Unlucky-Prize| +|**MMX**|Maverix Metals Inc|15%|/u/AwesomeMathUse| +|**BBY**|Best Buy Co Inc|15%|/u/1madeamistake| +|**SRNE**|Sorrento Therapeutics Inc|14%|/u/DowJonesLocker| +|**OTCMKTS:GMWKF**|Games Workshop Group PLC|14%|/u/MAUSECOP, /u/Thenattylimit| +|**HELE**|Helen of Troy Limited|14%|/u/aa341| +|**MSFT**|Microsoft Corporation|14%|/u/TBSchemer| +|**VEEV**|Veeva Systems Inc|14%|/u/JohnSpartans| +|**BRK.B**|Berkshire Hathaway Inc. Class B|13%|/u/Jeroen_Jrn, /u/Cuza| +|**CVS**|CVS Health Corp|12%|/u/handsomeandsmart_| +|**ISRG**|Intuitive Surgical, Inc.|12%|/u/swalloforswallo| +|**AYX**|Alteryx Inc|12%|/u/Kme2| +|**TWOU**|2U Inc|12%|/u/DickDaddy| +|**EW**|Edwards Lifesciences Corp|12%|/u/TheTubbyOlive| +|**WMT**|Walmart Inc|12%|/u/anthonyjh21| +|**NYT**|New York Times Co|11%|/u/jonhuang| +|**HKMPF**|Hikma Pharmaceuticals Plc|10%|/u/Marvins-Room| +|**MMMB**|Mamamancini's Holdings Inc|9%|/u/Jayesslee| +|**AWK**|American Water Works Company Inc|8%|/u/InfamousLegato| +|**LON:KEFI**|KEFI Gold and Copper Plc|8%|/u/Scipio-Africannabis-| +|**AMD**|Advanced Micro Devices, Inc.|8%|/u/ArneGo, /u/apqwer, /u/LoveOfProfit| +|**ZAGG**|Zagg Inc|8%|/u/ni_shi_shei| +|**TRU**|TransUnion|7%|/u/AndyCircus| +|**BEP**|Brookfield Renewable Partners LP|7%|/u/YourPineapplePunch| +|**TSE:FAF**|Fire & Flower Holdings Corp|6%|/u/tobcar| +|**SWCH**|Switch Inc|4%|/u/gce1010| +|**ACMR**|ACM Research Inc|4%|/u/moveitover| +|**BABA**|Alibaba Group Holding Ltd - ADR|4%|/u/helio987, /u/ScreeMart, /u/Necessary_Club_6714| +|**LZAGY**|Lonza Group ADR|3%|/u/Fuck512| +|**VMW**|VMware, Inc.|3%|/u/kingbrow2020| +|**PLD**|Prologis Inc|2%|/u/ImPinkSnail| +|**MO**|Altria Group Inc|2%|/u/ARGENT_UM_PUR, /u/gm14202| +|**ZTS**|Zoetis Inc|1%|/u/BearBearChooey| +|**JBSS**|John B. Sanfilippo & Son, Inc.|\-1%|/u/chris011186| +|**OPK**|Opko Health Inc.|\-1%|/u/CS1026| +|**HII**|Huntington Ingalls Industries Inc|\-2%|/u/howtoreadspaghetti| +|**GILD**|Gilead Sciences, Inc.|\-2%|/u/Leroy--Brown| +|**TNDM**|Tandem Diabetes Care Inc|\-3%|/u/liao24| +|**O**|Realty Income Corp|\-3%|/u/bushysmalls| +|**BAH**|Booz Allen Hamilton Holding Corporation|\-3%|/u/i_smel_hookers| +|**LON:AAZ**|Anglo Asian Mining|\-4%|/u/krenaldi1| +|**CCI**|Crown Castle International Corp|\-4%|/u/jkgator| +|**KR**|Kroger Co|\-6%|/u/bxkrish| +|**EQIX**|Equinix Inc|\-6%|/u/gce1010| +|**NSRGY**|Nestle ADR|\-7%|/u/suburban_robot| +|**DXCM**|DexCom, Inc.|\-8%|/u/InformalAid| +|**GPL**|Great Panther Mining Ltd|\-9%|/u/Tony0x01| +|**OTCMKTS:MMTRS**|Mills Music Trust Unit|\-9%|/u/ARGENT_UM_PUR| +|**AMT**|American Tower Corp|\-10%|/u/editviewgo| +|**FNMA**|Federal National Mortgage Association|\-10%|/u/figbuilding, /u/onkel_axel| +|**PAF**|Pan African Resources plc|\-11%|/u/Fruity_Pineapple| +|**FFMGF**|First Mining Gold Corp|\-12%|/u/RecCenterBall| +|**NOK**|Nokia Oyj|\-14%|/u/perfectriot, /u/LiabilityFree| +|**TSE:GCM**|Gran Colombia Gold Corp|\-15%|/u/Linnake| +|**TQQQ**|ProShares UltraPro QQQ|\-15%|/u/iggy555, /u/Guiterrezjm6| +|**AGRA**|Agraflora Organics International Inc|\-20%|/u/spreeshark| +|**FNV**|Franco Nevada Corp|\-20%|/u/AwesomeMathUse| +|**WTRH**|Waitr Holdings Inc|\-24%|/u/exstaticj| +|**KL**|Kirkland Lake Gold Ltd|\-25%|/u/New_username_| +|**LLNW**|Limelight Networks, Inc.|\-26%|/u/cyberdex, /u/thug_funnie| +|**IMMNOV**|Immunovia AB (publ)|\-29%|/u/jennyther| +|**BBAR**|Banco Bbva Argentina SA|\-29%|/u/GAV17| +|**ALT**|Altimmune Inc|\-30%|/u/Spes-Caritas| +|**OTGLY**|CD Projekt 4 ADR Representing Ord Shs|\-32%|/u/Thtb| +|**IBIO**|Ibio Inc|\-36%|/u/PrairieDogger69| +|**PTOTF**|Patriot One Technologies Inc|\-40%|/u/DanReynolds| +|**BCLI**|Brainstorm Cell Therapeutics Inc|\-43%|/u/BigSexyTolo| +|**SHLO**|Shiloh Industries|\-94%|/u/brainbroked| + +&#x200B; + +For those also interested, there was a stock picking survey back in October of 2018. That overall portfolio is up 58% with an average return of 138% (driven by the triple digit gains in Enpahse and Tesla). You can see the original picks in my history; happy to provide an update on that one if there is interest. +[https://youtu.be/nZytjjz2FME?t=15](https://youtu.be/nZytjjz2FME?t=15) + +Apparently he has been involved with video games elsewhere- has enough money to actually do this...and has several million fans. + +He has CEO @ Atari listed in his twitter profile. + +Weird way to announce it though- I wonder if he was supposed to say anything yet. +https://www.forexlive.com/news/!/us-september-ppi-yy-vs-87-expected-20211014 + +>Prior was 8.3% y/y + +>PPI ex food and energy 6.8% vs 7.1% expected + +>m/m PPI +0.5% vs +0.6% expected + +>m/m ex food and energy +0.2% vs +0.5% expected + +This is the highest since at least November 2010 on the headline but the ex food and energy numbers are on the soft side. That highlights that pipeline price stresses might not be quite as high as advertised. Services PPI rose only modestly (helped by a contraction in prices for transportation and storage)... + +40 percent of the advance in PPI goods can be attributed to a 2.8-percent jump in prices for final demand energy. + +What do we think, inflation Bulls and Bears? +We see a lot of posts about what it’s like once you’ve reached FI, but rarely do we discuss the “boring middle”. I want to talk about how the middle part of the FIRE journey can actually be very exciting and rich with options. + +About 6 months ago, I hit the 50% mark on my FI journey ($460k in investments). I should have been happy, but I was absolutely miserable. I didn’t enjoy my company or my new role at work (product management). All I wanted to do was reach FIRE as soon as possible and quit. I was unhealthily obsessed with doing so. + +So, I did some analysis: I looked at how long it would take me to reach FI if I decided to stay the current course in my lucrative-but-soul-crushing job (5-6 years to FI) or do something more interesting. If I “coasted” from where I was, I would be FI in 11 years. If I took a job lesser pay but a more interesting work, perhaps switching to part-time consulting in a few years, I'd be ready in 6-7 years. + +What really surprised me is that the discrepancy in time-to-FI was small despite a variety of downshifting options. I could stay in my soul-crushing management job and become FI in 5 years, or take a more interesting/flexible job, make less money, but only work a few years more. + +So I pulled the trigger: I quit my boring management job and jumped back in to an individual contributor role at a smaller company. The money isn’t as good, but I have more flexibility, a shorter commute, and am really engaged in my work day-to-day. + +My point to you, dear reader, is that the middle part of FI doesn’t have to be boring. Once you’re around the 50% mark, you’ve effectively bought yourself options: you can decide to quit working for a while and take hiatus, switch careers to something more interesting, or stay the course. The middle part should not only provide comfort, but the ability to make more adventurous career and life decisions without sacrificing time-to-FI. +My wife and I work full time and a nanny watched our young daughter a few days a week. As of a few weeks ago, we asked her to stop coming and told her we would continue to pay while we got a sense of what the future was looking like. We cannot make any exception to this because we have family in the "at-risk" category for this virus. + +Fast forward to today, it is pretty clear we won't be having her back in the foreseeable future. My wife and I are learning towards laying her off since she should be able to collect more from the government than she would have been paid by us anyways. + +Has anyone else had a similar situation? How did you handle it? Is it ethical to make this decision? + +edit: To clarify, the stimulus bill will include $600/week on top of unemployment benefits, which combined should total more than she was making by working for us anyways. + +Appreciate the replies! +I love the spirit of this sub so much more than the other FIRE ones because people here seem to take calculated risks (start a business, buy and flip real estate, do some speculation, etc...) so I thought it would be the right crowd to ask. + +Context: I'm 29, debt-free, have a well-paying day job, and a rent-stabilized place in a HCOL area, but just doing what I'm doing will not get me to fatFIRE. So I'm thinking about what initiative I can take to get me the financial freedom I crave. +I know we have been hyped for months. We thank DFV, RC, our awesome mods. Some famous Apes have worked hard on DD and even a recent famous Ape has joined us. But I really want to thank [The Greatest Ape](http://reddit.com/u/me) for all the shit posts, for all the encouragement and all the laughs over the past months. Thank you! +I fit the absolute definition of a smooth brain, but here is a thought: based on my understanding of u/veradico ‘s post: + +GameStop can’t issue a dividend until they post a profit (net positive EPS). + +Reference post: + +[legalities of issuing a dividend without a net positive EPS](https://www.reddit.com/r/Superstonk/comments/pkxyp3/apes_read_this_regarding_a_possible_dividend/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +‘Talk is cheep it takes money to buy whiskey’ + +May mean now is the time to shop at our favourite store……… + +We’ve got the buy, hold, DRS system, down pat. GameStop has the NFT dividend locked and loaded….. maybe it’s time to reward ourselves with some new games, consoles, collectables etc. + +Endgame nears! Let’s go Apes!!!! 🚀🚀🚀 +[Link](http://www.businessinsider.com/bitcoin-ethereum-ripple-cryptocurrency-prices-fall-on-january-16-2018-1) + +It'll be interesting to see if this is contained to cryptocurrencies; could it affect stocks? +My wife and I (+2 kids under 2 years old) are reviewing and updating the budget for 2023 and as you do, you assign a number for groceries. We've been doing $600 per month and plan on increasing it to $700 per month. Is this a reasonable amount? or is it too much? or too little? How much do you budget for groceries? + +Edit: eating out would be considered a separate budget for us (200 per month) +I'm 19, and got lost in all this recent hype, losing £3400 isn't fun, but I've learnt my lesson and know how dumb I was. + +Staying well away from it all for a while to build and recover. + +You learn the hard way some times. + + Edit: Not GME but another overvalued share +Hi, + +I'm fairly well off, but I've made it a point to try and live frugally without it really impacting my lifestyle too much. I don't save on food, I eat out regularly, I have drinks and have fun. But I live by a few simple rules that help me maximise savings where possible. + +You've probably seen many of these before, but I'll share hem regardless. I hope it helps: + +**[EDIT]** reworded a few things to be more accurate + +**[EDIT 2]** seems like this thread is taking off a bit and the haters and trolls are out for blood. In no way is this list supposed to be 'a blueprint to saving cash'. It's a list of things that happen to work for *me* in *my situation*. E.g. I don't have a car and am debt free. Take from the list what you think may be useful to you in your situation and discard what you don't. + +**[EDIT 3]** it seems like #13 is rubbing people the wrong way. I am in no way advocating you go out and blackmail restaurants out of free food. I'm just encouraging you to stand up to businesses who provide sub par service and get your money's worth. Now *shoo* get off your high horse. + +1. Payday? Transfer 25% to a savings / investment account. Live off the rest. +2. Use a cashback credit card, but only use it when there's no surcharge (see 14) +3. Use loyalty programs EVERYWHERE. +4. Go grocery shopping with a full stomach to avoid impulse purchases +5. Don't buy mineral water; tap water will do fine (your mileage may vary depending on where you live) +6. Sell what you don't use, eBay is your friend +7. Use public transport off-peak if at all possible +8. Drink from a glass, not from the bottle (also good for portion control) +9. Brand clothing is bullshit; a dark pair of jeans and a plain properly fitting tee will do just fine +10. Do you like to smoke and you can't / don't want to quit? VAPE instead +11. Cold? Wear a sweater. Still cold? Wear a thicker sweater. Still cold? Maybe turn on the heater a bit. +12. Compare insurance. This is huge; you have no idea what you can get just by asking. A simple "competitor X is running promotion Y if I switch, what can you do for me?" can do wonders. +13. Unhappy with a restaurant / experience? Complain, and if they don't respond well, go public on their Facebook page. If you formulate your complaint constructively, you may just get something for free. Use photo evidence where possible. **Edit:** no I don't want you to go out and scam restaurants. For god sake people get of your high horses and learn to interpret. I'm just telling people to stand up against businesses that provide sub par service. +14. **SURCHARGES AND BOOKING FEES ARE CANCER.** Avoid avoid avoid. Switch payment methods if it helps you avoid them. Have cash at hand as well at all times. Online booking fee? Fuck it, call. +15. Dry clothes on a line outside. Only use the dryer when it's raining or extremely humid. Bonus benefit: your clothes will last a bit longer. +16. Re-use stuff. For example, grocery bags as rubbish bags. Paper for note taking. +17. LIGHTS OFF. Very elementary, so easy to forget. +~~18. COMPUTER OFF. Not 'sleep' or any of that bullshit. OFF. **Note /edit**: some say that the spin up from an old hard drive may actually increase your power usage. YOu may want to do a bit of digging, but I'm using an SSD drive without moving parts so in my case this works.~~ +*Note: looks like some savvy co-redditors have disproven this as being not very effective. Thanks for the heads up!* +19. Compare utilities (gas, electricity, phone, internet). See 12. +20. If something's half price, buy at least two. Use this to stock up on stuff like toothpaste, shower gel. +21. Don't be afraid to upgrade you phone plan to save. I ended up saving $30 a month by upgrading to a higher data allowance. + +Bonus for reading through my drivel: + +- If you get sick and need meds, always ask the pharmacist for a generic. Same stuff, just cheaper. + +Hope it helps. Feel free to add your own! +Don't have much to add to the title, but thought it was interesting because I heard people commenting a few months back that bank stocks typically trade around 1-2x book value and that would be an appropriate valuation for HOOD. + +Anyone buying here? And if not, what price do you believe is reasonable for HOOD? +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) +[Here’s](https://www.reddit.com/r/investmentdata/comments/kj69oo/track_trading_by_us_senators/) the dashboard tracking trading by U.S. Senators. + +[Senate Stock trading vs. S&P 500](https://preview.redd.it/4tqxbg3gxkr61.png?width=1960&format=png&auto=webp&s=da597db3d306e5abf848080cec1726e6bce09730) + +A while back I did a little write-up on which politicians I actually think browse this sub, I’ll copy that below: + +**Honorable Mention: Former Rep. Barbara Comstock (VA-10)** + +Comstock lost her 2018 re-election bid and I don't necessarily think she is a WSBer (she doesn't trade nearly as many meme stocks as the other guys on this list) but I do blame her for turning off the ATM that was 2016-2018 $MU. + +She bought \~$75,000 worth of Micron Technology stock on 6/25/18, just days before the first stretch in years when the stock wasn't literally printing money. MU lost half its value in the next 6 months, and still hasn't recovered to the price she purchased it at. + +**#5. Rep. Alan Lowenthal (CA-47)** + +***Favorite meme stocks: SPCE, GLD*** + +Lowenthal is actually one of the more successful traders on this list, having gotten in to $GLD in September of 2019. He also timed his exit from $SPCE pretty well, selling about half of his position right at the mid-February peak. + +If I had to guess, I'd say Lowenthal just lurks the sub looking for opportunities to inverse WSB. + +**#4. Rep. Josh Gottheimer (NJ-5)** + +***Favorite meme stocks: SNAP, TSLA, GE, NVDA, LULU, AMD*** + +The Josh Gottheimer story is a story of perseverance and diamond hands. I'm pretty sure this guy read some DD on here that said SNAP was going to moon after its IPO, because he bought into the stock just days after it went public. He caught the falling knife right on its tip as his position lost 75% of its value over the next couple years. A lesser man would have cut the loss, but Gottheimer just kept buying up more $SNAP even as it was losing him money. Those of you who have an eye on the markets (perhaps a minority) will know that his grit and determination was rewarded handsomely in the last couple months. + +**#3. Sen. Pat Roberts (Kansas)** + +***Favorite meme stocks: TSLA, GLD, BYND, NVDA, GE*** + +Pat Roberts is another guy that I think just comes here to inverse the sub. Roberts made an impeccably well-timed TSLA play a few months ago when he bought in on August 3rd, just a few days before the August run-up began and then sold on September 1st, just before the early September drop. + +Insider trading or inversing WSB? You decide. + +WSB must be big in Kansas, because the next guy up is the fellow who was just elected to fill the vacancy being left by Roberts upcoming departure from the senate. + +**#2. Rep. Roger Marshall (KS-1)** + +***Favorite meme stocks: JNUG, TSLA, SNAP, MU, ROKU, AMD, NVDA, LULU*** + +Marshall got a big promotion to the Senate a few days ago, and if that didn't work out he probably would have switched to day-trading full time. He was already day-trading JNUG within a few months of entering office, buying and then selling thousands of dollars worth of the stock between market open and close. + +What Marshall really lacks is patience, as he recently entered then prematurely exited a position in ROKU in mid-September, missing out on big gains in the weeks to follow. + +**#1 Sen. Sheldon Whitehouse (Rhode Island)** + +***Favorite meme stocks: GME, TSLA, GE, NVDA*** + +The story of Sheldon Whitehouse is not a happy story, but it's a story that might be told of many a member of this community. He had the right ideas, but just did not have strong enough hands to see them through. + +On July 28, 2017, Whitehouse entered a position in $TSLA. Seeing a modest 3% gain through the month of August, he doubled down on his position on August 24th, 2017. + +Although he soon began to lose money as $TSLA sank, in Elon he still trusted, and he bought more $TSLA yet again in December of 2018. + +Sadly for Whitehouse, we now reach the heartbreaking part of the story. Seeing a 30% loss on the investments into TSLA he'd been making over the last 2 years, Whitehouse lost faith and sold the entirety of the position on August 27th, 2019. + +After holding TSLA for over 2 years at a loss, he sold within weeks of what would become a yearlong, nearly 1000% run-up. +I got $100K available for dividend investment, how would you play this?? + +Started to research for dividend stocks to add to my portfolio, and I cant decided whether buying 3M or KO + +I saw that both companies increased dividend over the last 20 years .. + +but ko financials seems much mire stable. + +if you had room for only one of those stocks, who would you pick ? + +&#x200B; + +https://preview.redd.it/28034inb1qj71.png?width=1214&format=png&auto=webp&s=6cb187f21112fbea3de9580689766edd004b5936 +I'm in my early 20s making a good six figure salary. I have been reading this subreddit for the last 6 months to a year and am very intent on investing as much money as possible. I'm not cheap by any means, living a good life, but I'm not materialistic and have no interest in buying a giant TV or a new car and that sort of thing. (have a pretty good 3-4 year old car already). + + I find that my mom talks about when I should buy a house, and I'm from the Bay Area so this is absolutely stupid advice. It's as if she thinks that because she was able to get by 10-20 years ago with an average salary that I can totally do the same thing. One of my parent's friends constantly tells me I should buy a BMW, etc. because "you have to if you work at X company" and sometimes friends my age telling me that I "have" to get that 50-60 inch tv instead of using my smaller tv from college. + + +I'm happy to be more financially successful than most people my age, and a lot of people in general, but hate interacting with anyone who tries to tell me how to spend my money. I perceive that a lot of people here are generally more frugal and generally unmaterialistic so was looking for other people to share their responses to these kinds of situations. I almost feel like I should try to spend more time with friends who have more average paying jobs so I don't have to deal with what I see as stupid external pressure. Keep in mind that I don't cave in to any of these people but it's more of a general annoyance that makes me dread spending time around certain people. +Overall, nearly half (47.9%) of people believe that cryptocurrencies are not a safe investment, and a further 37.1% are unsure about the safety of investing in cryptos.    + +Just 13.8% of people regard cryptocurrencies as a safe investment product. + +When the data is split by age, it’s clear that it’s mainly young adults who feel that cryptos are a safe investment. Almost a third (27.5%) of those aged between 18 and 34 feel their money is safe when investing in cryptocurrencies, and this figure drops significantly within the older age groups.   + +Just 9.7% of adults aged 35 and over view cryptocurrencies as a safe investment, and the figure drops substantially to just 2.9%  when we look at those aged 45 and above. + +**People’s attitudes towards the safety of cryptos as an investment, by age** + +&#x200B; + +https://preview.redd.it/fpa52nxcya481.png?width=2436&format=png&auto=webp&s=b76b11fa47b92a0e5aed71f66d0b6b51f4dddca8 + +The original cryptocurrency, Bitcoin, originated in 2009, making the whole concept of online currency a relatively recent invention. Given that it’s only been around for a decade it’s not surprising that younger people are more at ease with the concept as they have grown up with it. However for older generations there is significantly less trust in something that they still regard as a new development. + +&#x200B; + +**Cryptocurrencies form a part of wider investment strategies** + +As cryptocurrencies become more and more mainstream, many people are starting to include cryptos as part of their wider investment strategies.   + +Out of those who have invested in cryptocurrencies, a large percentage (85.7%) also have other investments and savings. + +This trend is the same across every age group, however, the percentage of people who only have cryptocurrencies, and no other investments, does increase slightly with age. + +&#x200B; + +**Percentage of those who do not have any investments other than cryptocurrencies, by age** + +https://preview.redd.it/8knwpwpjya481.png?width=1908&format=png&auto=webp&s=39b5c6720f7b13704e7f474eafa436133670c8de + +**Only half of crypto investors are getting financial advice** + +Although cryptocurrencies are volatile and can see people lose their whole investment in a short space of time, only half (56.1%) of investors received professional financial advice before buying cryptos. + +But, what’s surprising is that it’s actually the younger age groups who are more likely to take the additional step of getting advice before investing. + +Over two thirds (65%) of 18-24 year olds got financial advice before making their investment, and this percentage decreases gradually with age. + +&#x200B; + +**Percentage of those who received professional financial advice before investing, by age** + +&#x200B; + +[It is positive to see that so many young adults are taking their finances seriously and getting proper advice before making investments.](https://preview.redd.it/0hwekkdrya481.png?width=1918&format=png&auto=webp&s=43aba30be813833e86a829c6a1d21080e2c236b5) + +*All figures, unless otherwise stated, are from a survey conducted with The Leadership Factor. The total sample size was 2,000. Fieldwork was undertaken between 9th September 2021 and 15th September 2021. The survey was carried out online.* + +&#x200B; + +SOURCE: [https://www.kisbridgingloans.co.uk/finance-news/cryptocurrency-consumer-research-and-data-autumn-2021/](https://www.kisbridgingloans.co.uk/finance-news/cryptocurrency-consumer-research-and-data-autumn-2021/) +Is it realistic to self manage an out of state property? + +Scenario: Toilet leaks. + +Tenant calls me, I tell them to send a video. +I send video to 3 plumbers I find online and ask for bids then dispatch to tenant. Get video confirmation of the work done and then pay plumber. + +If most calls are going to be sent out to handyman/ contractor or professional anyways do I need to be in state to do it? +I spend a lot of time on sites like Redfin and Zillow and have come across a few properties (fourplexes) that seem like good investment properties when I run the numbers even using conservative assumptions. But then I see the properties have been on the site for 50+ days and it makes me wonder if I'm missing anything. Is it wrong to assume that good investments get bought up quickly? +I spend a lot of time on sites like Redfin and Zillow and have come across a few properties (fourplexes) that seem like good investment properties when I run the numbers even using conservative assumptions. But then I see the properties have been on the site for 50+ days and it makes me wonder if I'm missing anything. Is it wrong to assume that good investments get bought up quickly? +I was reading an article a while ago where there was a British business woman (can’t remember who it was) she said she doesn’t have a pension as she prefers to have the liquid cash in her account and her pension is in her various properties she owns and rents throughout the UK. I think her main business was in restaurants or hotel industry I can’t actually remember! either way she is worth multiple millions. Is this normal? Do ultra wealthy individuals even bother with a pension? +Just looking for a break from chartist and fundamentalist analysis in favor of hearing any loose general comments on the subject. +My portfolio's actually done well this year, but I'm really hoping for an eventual bullish market. It has to come eventually... right? + +Edit: I mean the *stock* market +Hey guys + +So I'm in my late 20s and have around $30k of HECs debt left. As I mentioned in another thread, I have around $80k in savings. + +Logically, I know there are better options for my money out there - for example, to buy a $30k stash of VDHG or to put it in my super. + +That being said, I am also aware the indexation date is coming up on 1 June and I know if I leave the HECs debt untouched, it would go up by around $600. + +I know its not financially the best option but does anyone feel the urge to just repay their HECs in one go? Are there any advantages to doing so compared to the other options? I don't know how to explain this except that I don't like having debt and I don't like the feeling of knowing my debt will increase by $600 come 1 June - even if I am able to make more money elsewhere. + +Does that make sense or am I being silly? +I am new to the property game and am currently interested in a townhouse where there are a couple in the same location (all identical). The estate agent just told me that one of them sold for $X amount and that I'd most likely need to offer around that region. Just curious if the agent is telling the truth about what it sold for or is this just tactic to get me to offer more. Are they allowed to lie about the sale price? +ALGO is a lost cause. It has no future and will never be worth more than $2.50 if you’re lucky because of the shit tokenomics. + +It is amazing how FAST your favorite shitcoin completes transactions because NO ONE EVER USES IT. + +Moons are pointless and have no use case. Sell them now while they’re actually worth something for some stupid reason. + +No one gives a flying fuck about NANO anymore. + +Tether is totally legit; you’re either just being paranoid or creating FUD. + +High gas fees means ETH is ACTUALLY BEING USED. It also means that it’s cheaper and faster to just transfer money with a bank. + +Oh, you think because you bought a coin it’s going to dip, and because you sold, it’s going to moon? No. It has nothing to do with you. You are meaningless. + +Time in the market > Timing the market? No, you are just stupid and don’t know what the fuck you’re doing. + +Nobody gives a fuck about LINK anymore. + +Take a break from the charts. We don’t give a shit. + +Bitcoin maxis are wearing blinders. Alt coins are equally important. + +Alt coins aren’t shit without Bitcoin. Bitcoin is the gold standard upon which all alt coins are valued against. + +Your love of hating Elon Musk is what fuels his lithium-ion batteries. + +CKB is a pump and dump scamcoin promoted by con-artists. Cardio Kick Boxing will not survive a bear market. + +Not your keys, not your coins? Well, if you forget your seed phrase, they’re not your coins either, dumbass. + +Wallets, staking, governance, transferring, mining, smart contracts, candlesticks, hard forks, market cap, seed phrases, protocol, TA, FA, halvings, FUD, DeFi, NFT, ETF, FOMO, DEX, APY, DCA, DYOR, USDC, POS, POW, CBDCs…you seriously expect this shit to go mainstream? Good fucking luck! + +Maybe China was right all along. + +HODL is what we do when we don’t know what to do. + +Michael Saylor just wants you to pump his bags. + +Everyone that you’ve been seeking advice from on r/Cryptocurrency has invested a grand total of $75 and is 16-19 years old and living in their parent’s basement. + +Charles Hoskinson is a lovable teddy bear and/or Rush Limbaugh incarnate. + +Vitalik Buterin is the sexiest man in crypto. And that’s not saying much. + +Bitcoin may be king, but have you heard about regicide? + +You should have put all your money into Ethereum Classic and Bitcoin Cash. + +Bulls suck. Bears suck. We all suck. + +You only wish you could afford ramen. + +Many smart people have made a lot of money with DOGE and SHIB. SHIB is the third most held coin by ETH whales. What’s that all about, huh? Feel stupid because you missed out? You should. + +The market cap for all of crypto is less than Apple because the iPhone 13 is more innovative than 5000 invisible coins. + +Nobody really uses crypto. It’s not undervalued, it’s overvalued. This is all one big meaningless exercise in futility. + +You are not early. You are LATE. + +You’ll never be rich. You suck. + +Your mother never loved you. + + +Now it’s your turn. Say something that is **actually** unpopular, even if you don’t believe in what you say, and we promise not to downvote you. +The title of this post is a good tldr, but I’ll post more about my inquiry below. + +I’ve been working as a data scientist for a short while now and want to move my career to the finance side of things. In my current work I primarily use python for data engineering, visualization, and modeling. In my own opinion I’m very proficient with python, but my math skills are lackluster - the last time I touched a math textbook was in highschool. + +My question is, what resources (preferably books) would be most beneficial for someone in my shoes who wants to become a quant developer? + +All recommendations are greatly appreciated! I prefer reading to online tutorials but am open to them if you think they’d be a better way for me to learn. + +Thanks! +Hello fellow traders! I'd like to buy 10 stocks which I'll keep for the next 10 years or more. + +I'm looking for stocks in industries that will boom. +Amazon Google Tesla Apple like stocks. + +I think important industries in my list will be the following: +5G, Cloud, Software & Services, Health Technology, Healthcare Technology and Biotech. +(Important industries missed listing?) + +I realise that of the 10 maybe 15 stocks I pick some will disappear or will collapse. +https://www.cnbc.com/2019/03/01/new-york-leaders-publish-open-letter-asking-amazon-hq2-to-come-back.html + +Around 40 union leaders, local officials and business owners asked Amazon to reconsider New York for its HQ2 in an open letter published as a full-page ad in The New York Times. + +The Times reported that Cuomo has been reaching out to Amazon executives, including CEO Jeff Bezos, about reconsidering its plans in the city. + +Amazon has yet to show signs that it's willing to rethink its decision. +I was back testing my algorithm and noticed that the longer the look back period, the lower the profit factor is. If my algorithm started working in 2004, it would have a profit factor of 1.1, however, if it started 5 months ago, it would have a profit factor of 1.8. Is this over fitting or what? +Hi! + +I seem to see quite a few careers in the US (being a doctor or a dentist are the two that stick out most in my mind) where it’s common for people to earn 200k+ + +Here in the UK though, I can’t think of any jobs that let you earn that amount of money, except things like politicians, talented investment bankers or people with lucrative businesses. + +What careers allow you to earn such crazy amounts of money? + +Thanks! (and sorry if this is in the wrong place) +How would you route that order? Could you place an order that big? If you buy certain % of a company you have to submit it to the sec first, right? How would a retail investor do that? If you hire a firm to do that wouldn't they try and talk you out of doing it that? +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/wsNDGTf5QH) +Since the price fluctuations in DOU are more entertaining than listening in on the neighbour's domestic, it makes sense to concentrate the comments in one thread. + + + + +@mods delet this if you want idc +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)