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+You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile.
+
+**Mod Flairs**
+
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+
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+
+To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+***What's This Post All About?***
+
+The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post.
+
+If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point.
+
+Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!*
+It makes no sense that lands on Decentraland and The Sandbox are insanely expensive. I understand real estate costs are sky-high becuz land in reality is scarce. But the metaverse technically has an endless supply of land, so why bother paying exorbitant prices to build in a VR? If you are really into open world games, I like how accessible Nifty Island is by offering everyone free islands. Some people keep saying that the metaverse is our future, but tbh I expect more than just wandering in similar virtual places and just building houses. Honestly if I were into that, I would be playing Sims instead. Who wants a future full of repetitive playthrough and aimlessness?
+
+​
+
+Give us sth new metaverse devs! Pls make it more fun and grow your community (not just running around and seeing more or less the same stuff), otherwise this concept is merely wishful thinking. I came across a smaller metaverse called ChapterX. They’re pretty new and they have some mini games like PvP fight and flappy bird (tho it’s quite lagging on my Mac). Feels like a nice attempt and good for killing time. I hope they won’t follow Decentraland/Sandbox’s footsteps into becoming just another pricey metaverse full of bots. 
+
+​
+
+Are there any metaverses with both playability and interactivity? Or should I just switch over to VR games instead?
+Hey guys,
+
+I'm new to this forum so I want to say hello and I wish that I started reading this years ago as I've already learnt so much regarding finance. 
+
+I'm relatively good with money and this year am expected to save between £370.00-£400.00 monthly but I have an outstanding Credit card debt that I need some advice on. 
+
+I have enough to pay it off at the end of January in full but will leave me with very little in my savings account or should I just keep paying my fixed payment of £55.00 which is above the minimum payment which I don't know if I would pay interest ontop of and this will boost my credit rating?
+
+Thankyou so much for all your help and advice I really do appreciate it.
+37, married with a 2 year old and another on the way. Not FAT but my small business just hit $83k MRR with solid margins and I’m expecting growth over the recession. 
+
+I’ve been grinding for the last few years and am taking time to get our home life dialed in before baby #2 is due in November. 
+
+I am the breadwinner. My wife is an incredible mother and a great spouse. We have our snags but always get thru them. We go to therapy. 
+
+My question is about lifestyle.
+
+> What is the ideal lifestyle with kids to maximize their development, keep a strong marriage, and soak up the bittersweet moments?
+
+We can live anywhere (business is online), though we choose not to live by our parents. We are therefore without support. We live on the US east coast in a MCOL city. 
+
+What do you think is a good mix of:
+- private school  
+- in home chef  
+- day care vs. nanny (does my kid need other kids? We had a nanny for first half of this year, then they went back to school)  
+- au pair? Something else?
+
+The great thing is that we can do whatever we want. The hard thing is … we can do whatever we want. 
+
+Looking for some lifestyle advice from anyone who has kids. 🙏🏼
+Hello r/personalfinance. I don't know if I'm posting in the right place. If not let me know.
+
+Well anyways here's the situation. I have a business account with a certain bank. For a while I've been having some issues with this bank. On Sunday I noticed a ACH transfer for $9015.34 on my account. It put my account in the negative. I called their fraud department but "you have to call the customer service line on the weekdays regarding transfers". So Monday I call and they claim it's from the IRS. I'm freaking out at this point as I've just set up my business this year and thought I filled out all the paperwork right. So I call my accountant and he tells me to ask for what code section gave them the right to withdraw from my account. I call them and they confirm that my EiN and my SSN have no pending balanced and even tell me I would have received a notice in the mail and unless I was very delinquent they wouldn't withdraw and would warn me. So I'm furious and call my accountant and then call the bank. The bank claims that "there wasn't enough money for the IRS to withdraw from my account so they're returning it and applying a $30 USD fee. I'm furious and I'm definitely switching banks. But I definitely suspect fraud and I think the $30 dollar fee is bs. I ask them what was the reason for the withdrawal, they say it only says "USA taxes" What resources can I go to? How can I ensure any of my information is not compromised?
+
+Edit: Tomorrow I'm going to try the customer service line again. I'm going to request an account number change in case it's just plain old fraud. In case it's about an error they made or fraud I'm going to see about getting my fee reversed and if they give me the same answer I'm going to report it to consumer finance. I'll let you know how it went. Thank you for your suggestions.
+
+Edit 2: I'm sorry I'm not getting back to all of you guys. I'm at work right now. I called the bank, the money is back but the transaction "disappeared" with only the $30 NSF charge showing up. We're giving them a big stink to the bank. I'll see how that goes. I didn't expect this to get so big.
+On May 9th, 2013 youtuber Davincij15 made a 6 minute video going over what Bitcoin is, and it’s potential, in his opinion at the time and pleaded with his audience to just buy $1 worth and leave it in a wallet. 
+
+
+> A lot of you don’t believe in the Bitcoin system and that’s fine. You can stay on the sidelines. But if you really want to become wealthy in the future I would suggest you take one frickin dollar, one dollar and buy some Bitcoin and put in a god damn wallet.
+
+
+Now, out of curiosity I can’t help but wonder the obvious question of what would have happened had I put just $1 into Bitcoin or 5 or 20 etc. 
+
+(I could not find the exact price of Bitcoin for May 9th 2013 when he uploaded the video. CoinMarketcap showed me May 5th and 12th and Coingecko showed me May 6th. The price was fluctuating between 110-115. I met in the middle with 113.)
+
+
+Bitcoin at $113 | Dollar amount invested | Value now
+:--|:--:|--:
+- | $1 | $415
+- | $5 | $2,079
+- | $20 | $8,318
+- | $100 | $41,592
+- | $170 | $70,707
+
+
+I included $170 because May 9th 2013 was a day after my birthday. I had just turned 18 and gotten my first tattoo for about that price. I did not know anything about Bitcoin but If I could time travel I’d tell my past self “fuck the tattoo, get this magic internet money!” 
+
+Do any of you remember his video when it came out? If so, did you buy?
+[https://www.youtube.com/watch?v=18r2RCVtqTg&t=63s](https://www.youtube.com/watch?v=18r2RCVtqTg&t=63s) Hey everyone! I have made an animated video of "The Intelligent Investor" by Benjamin Graham. Warren Buffett claims it is, "The best book ever written on investing." Warren Buffett was a student of Graham's, and that this book has amazing insight that can still be used today when investing in the stock market, our health, knowledge, and even friends. In this short animated review of The Intelligent Investor, I cover the main topics presented in the book such as investing vs. speculating, the role of inflation, rules about fundamental investing, and margin of safety. Enjoy!
+I’ve discover in deep interest into stock trading recently and I’m practising myself on investopedia with paper money. So far I’ve read books on mental preparation and state of mind to enter the stock market with a good attitude. I want to avoid being part of the 95% who fail . My objective is to enjoy trading with some of my economy to swing trades (weeks/month hold) or long term trades (years). As a teacher I don’t have the time to day-trade with too much volatility stocks (which is fine since I’m more of a conservative and Patient kind of guy)
+
+So .. I’d like books recommandations to improve my due diligence capability and some to have a better ability to read charts. What would you recommend me?
+
+Sorry for errorA french is my main language and plz no : you will lose all don’t trade answers .. I know it’s a possibility and I want to give myself the best tools to make it through with the money im willing to lose (and preferably invest and make profits with)
+I want to dedicate a significant chunk of my portfolio to ENB because I believe the company is strong and the stock will eventually rebound. 
+
+However, the news about the Line 3 lawsuit has me worried that the recovery will be a lot slower than analysts have targeted. This makes me nervous that it could sink well past this year's low. 
+
+Any ENB.TO investors here? Thoughts on recovery?
+Anyone else acquiring their neighbors’ homes to set up a family compound on your block? How have your experiences been? I’m at 3 in a row now. I’ve taken the back yards of the other two to expand my vegetable garden and keep the other two houses rented out for now, which is awesome because I effectively have one of the largest lots in my town for by FAR less money. Down the line I anticipate housing parents or children in the houses next door. We want a big family and like the idea of having a central gathering place for everyone. Has anyone done this and have experiences to share?
+Hi all,
+
+I have had a credit card for 7 years or so. Every month I would accrue a month's worth of expenses and then pay off the "current balance" on the 18th when payment was due. Between statement balance, current balance and minimum payment, this was always the biggest number so I figured I was doing the right thing.
+
+A few months ago I went into my bank for something unrelated, and the teller (who also held a higher position at the bank) asked me why I had a balance on my credit card if I had the money to pay it off. I was confused, because from my understanding the credit card balance was just purchases occurring between the 18th and the next 18th registering on my account. I checked my credit score and it was 750+ so I didn't really do much about it. 
+
+Now, I see a post here about how great it is to have "zero balance" on your credit card. My card has a current balance of ~$200 even though I paid it off in full three days ago, because purchases have come through and immediately go to my balance. 
+
+To have zero balance are people paying off their cards every few days? Do I have a fundamental misunderstanding of credit cards? If so, how should I change my usage/payment of the card?
+So I've been saving up to buy a shop/office/showroom(if I wait to save up for even more) in a prime location in tier-1 city of this part of the country. The builder has their PDFs-data structured out well, in terms of mode of payments. I'm a newb-noob person in investment altogether. I'm thinking from a perspective that if I buy this, I'll have a solid asset in my life(from this start point in my life). Asking whether it would be good or not, is a shallow question perhaps. 
+
+The structure is somewhat like, we buy it right now, we will get the possession in next 3 years. Once that happens they will also find the tenant to rent this shop/office/showroom for. Whatever rent comes through that, they will get around 9% (or some percent) of commision for next 10 years. I know this is like a common format in the market, but since I didn't know the technical tname name for it, I thought to describe it in words.
+
+I know it is safe because my cousin has invested in it in recent past. I want to know what are the technical, social, political metrics that I should analyse before buying this. I have searched online, but articles, websites are obviously too generic. YouTube videos are often times some kind of promotion. So please advice, guide, recommend any knowledge that can help me in long term.^(not only in real estate but weatlth compounding creation in general, as a software engineer I only know how to get job and work, and on the way to learn investments :) )
+As per Bogle’s 3 fund portfolio one should divide their investments in 1) a domestic index 2) an international index and 3) a bond index. Let’s focus on the first 2 points for this argument. 
+
+IMO this advice makes sense if seen through the lens of an investor in the US. But as an Indian investor, our domestic market is largely correlated with the international market. Am I really diversifying by splitting my equity investments 50-50 in the Indian and the US market?
+
+What are the arguments in favor of long-term passive investing in the Indian market? Why shouldn’t I go all in on the S&P 500?
+Why? $1,000 is what the OG Apes (me) from the original Bets sub would have sold for and been happy. Before we learned what the real floor was, we held for $420.69 and would have been fucking stoked about it. Then they turned off the Buy button.  
+  
+Kenny knows this. IMO, he will stall at $1,000 and flood the financial MSM with "The squeeze has squoze. The Apes won, don't you feel great? You beat Wall Street. David beat Goliath. Yay for you!" After 5 days of $1,000 the newbies will get nervous. The X,XXX and the XX,XXX holders will start thinking about what's "good enough."  
+  
+Fuck that. No cell, no sell. We are close and anything you've felt so far is meaningless compared to the shit-barrage on the horizon. Together we hodl and together we change the financial structure of the world.  
+  
+BUY. HODL. DRS.
+Long story short about half my portfolio is in short call spreads. I've obviously gotten demolished the last 2 days. 
+
+
+Management is basically impossible on these other then closing it out and taking the loss. 
+
+
+I'm personally just gonna wait it out cause I don't think this rally has legs and my positions expire in late August. But what are you guys with upside risk doing?
+Hey theta-fam. I'm getting some real bad vibes on something about the GME squeeze and wanted to share some thoughts. 
+
+Let me preface by saying I'm not a professional or even a subject matter expert, this isn't investment advice. Only a fool would do what I'm doing. I actually hope I'm wrong, maybe someone with more market experience could weigh in? Last disclaimer: I am long VIX calls and will buy more at open tomorrow.
+
+I think we may be about to see a market flash-crash related to the recent Gamestop (GME) craze. I think by now everyone is more than familiar with whats going on with Gamestop, so I'm not really going to go into that in depth. Here are some background resources from our misguided but hilarious brethren:
+
+[https://www.reddit.com/r/wallstreetbets/comments/kvjbuk/gamestop\_melvin\_capital\_put\_positions/](https://www.reddit.com/r/wallstreetbets/comments/kvjbuk/gamestop_melvin_capital_put_positions/)
+
+[https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme\_i\_think\_this\_is\_a\_gamma\_squeeze\_where\_dealers/](https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/)
+
+And finally, [https://www.reddit.com/r/wallstreetbets/comments/l5jwnj/melvin\_is\_down\_another\_25\_on\_gme/](https://www.reddit.com/r/wallstreetbets/comments/l5jwnj/melvin_is_down_another_25_on_gme/)
+
+Check out that "Edit" about the estimate for what price would cause a total wipeout of Melvin. Probably wrong, but gets the wheels turning.
+
+So right now, the deal is basically Gamestop is in this super weird situation with basically every share being sold short, tons of people buying shares as well as calls, which market-makers will hedge themselves on by buying shares, and blah blah it's going up like a rocket. Why am I thinking this means a market crash could happen? Well, take a look at this:
+
+[https://twitter.com/spotgamma/status/1353825584758067200?ref\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet](https://twitter.com/spotgamma/status/1353825584758067200?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet)
+
+That chart is an overlay of GME price in blue, and SPX in orange. Notice when we had that massive squeeze late morning, the SPX dropped like 1%, nearly instantly. So what, market goes up market goes down? I'm not convinced. I think this was Melvin Capital liquidating holdings in order to cover their MASSIVE losses on GME. Citadel and Point72 just humped $2.75 Billion of save-me-jesus money into Melvin Capital. [https://www.bloomberg.com/news/articles/2021-01-25/citadel-point72-to-invest-275-billion-in-melvin-capital](https://www.bloomberg.com/news/articles/2021-01-25/citadel-point72-to-invest-275-billion-in-melvin-capital)
+
+Here's the thing, those two funds now own a reasonably serious chunk of Melvin Capital. They're linked now, to some extent. I don't think this stops with them either. I think the whole circle-jerk of big money is either short GME or long someone who is short GME, or long some complex basket of bs products that is long something that is short GME. Etc. 
+
+So where do we sit now? I think GME could go to goddamn $1,000 by the end of the week. It could then drop to $20, or $5, or $500, who knows. I don't think it matters. What I think will happen is this:
+
+1. GME moons again tomorrow and the next day and Friday. It's up over $200 in after hours trading already dear lord almighty.
+2. Shorts get barbecued. Haha funny right? NO
+3. The shorts that got barbecued, they have to cover their losses and/or get margin called and liquidate \*everything\*. It doesn't matter if they're right to short GME or not, that thing goes up too high and they're screwed. By the way, I'm not even convinced they can get shares to cover their shorts right now. But that's a whole other can of worms inside this barrel of monkeys.
+4. Funds liquidating their shorts tank the market a little, or a lot, and other funds that aren't short switch the algo from buy to sell.
+5. Futures limit down. Fire sale.
+6. VIX go up
+
+​
+
+Someone chime in if you can tell me why I'm wrong here please! I don't ever post DD, let alone macro/meta DD like this. So anyway, I'm buying VIX calls tomorrow. $80 strike expiring in February, March, maybe some $50 strike expiring next week.
+
+​
+
+Thanks for coming to my ted talk.
+[https://www.nytimes.com/2018/09/24/technology/instagram-cofounders-resign.html](https://www.nytimes.com/2018/09/24/technology/instagram-cofounders-resign.html)
+
+​
+
+One of the jewels in Facebook's crown seems to have slipped away. I'm curious what this may imply for their long term future. I felt somewhat bullshit on FB primarily because of their ownership of Insta. While this doesn't approach other recent tech-turnover scandal levels it's still a very interesting development given some of the recent Facebook foibles.
+Hello all,
+
+I just saw a thread of someone asking about using java vs python to build their algo-trading system because they were concerned about Python being a dynamically typed language and the fact that they would be running money on it.
+
+Actually I had the same concern before and wrote a micro-framework that "invisibly" takes care of all this stuff for you.
+
+It is based internally on a few metaclasses and it uses python annotations to enforce types on function inputs or on class objects, and besides doing this for all python builtins (int, float, dicts, ...) it allows you to write a python module (think of it as an header file) where you define all your "user-defined types" (imagine a numpy array, or a dataframe, or a PositiveFloat, or an Order object, etc) and enforces all these types automatically at runtime, additionally it allows you to enforce types between different modules, e.g in module B you import module A and you can enforce that a function in module B only accepts module A objects. There are a few other bonuses there and its all explained in the [README.md](https://README.md) on github.
+
+I wrote this code specifically to address the problem mentioned above, of being able to use Python for algo-trading but with some certainty that there were no type bugs on live/backtesting code. 
+
+I hope you find it useful and naturally I am willing to answer any questions.
+
+Cheers
+
+[https://github.com/dxflores/invis](https://github.com/dxflores/invis)
+If this is a dead cat, she sure is bouncing like she sucked on a tank of helium first, especially in the hardest hit industries.
+
+$EAT up 39%
+$BLMN up 39%
+$AAL up 34%
+
+Even $CCL is up 21%
+
+$TSLA is up 16% today and 31% on the week
+Time in the market is better than timing the market etc etc
+
+But I really thought we were going to see a lot worse than we got back in March, but the markets seem impervious to bad news. Looking back now, I could have easily have made 40-50% gains on pretty much anything in that time.
+
+Instead I chose to hold mostly liquid cash for most of that time, and now I am hesitant to start investing back into my funds.
+
+How do you cope with the feeling of missing out?
+Hi all,
+
+I finally got around to setting up my 'LISA' recently 
+
+I've put in the 4k which is just sitting as cash right now (which you can leave like this and still get the £1k bonus if you wanted zero risk tolerance) 
+
+I'm fairly risk adverse so I'd rather invest it, but my question is.. what into? (I already have a T212 account where I have invested in many individual stocks and throughly enjoy it. I'm up over 30% on this.)
+
+I wonder if I'm better off putting this 4k into funds or ETFs as more of a long term play.
+
+I do have major concerns over the US being in a bubble which no longer reflects the economy/reality. Especially the way they are getting Corona at the moment! Plus the longer term dollar debasement. I genuinely believe there will be a currency crisis and the debt will never be paid off.
+
+Anyhow... in an attempt to profit longer term I'm thinking of splitting this into 1k each, mainly because I have a £12 charge each trade so this makes it like 1% fees.
+
+Thinking,-
+
+
+25% China Emerging Markets? (Will overtake the USA)
+
+25% INRG Clean Energy ETF  (Huge right now)
+
+25% SMT Scottish Mortgage Trust (Mix of all sorts)
+
+25% Fundsmith Terry Smith (Staple)
+
+
+On the bench for substitutes are... 
+
+
+GDJX Junior Gold Minors (mega bullish on this)
+
+VWRL (Boring but perhaps able to forget longer term)
+
+Electric vehicles ETF
+
+Vaneck Video Gaming ETF 
+
+
+Individual shares which have far more risk but potentially more reward, already in some of these on T212 so maybe not bother as it would be a duplicate. I haven't got any ECR though so would be tempted to put £1k on that.
+
+GGP Greatland Gold
+
+ECR minerals 
+
+ARB Argo Blockchain 
+
+Nvidia 
+
+TTCF Tattooed Chef 
+
+
+Any thoughts highly appreciated, be interested in what others have done.
+
+Thanks again. 👍
+Hi,
+
+Does anybody know where I can get hold of a full list of holdings within the L&G Global Technology Index fund? 
+
+Most websites only list the top 10, but I was hoping to try get a more complete picture (even if it's not 100%).
+
+\- Side question, is there a good source for this kind of information with other funds? I've tried looking into prospectuses etc.
+
+Thanks!
+So I recently started trading, and have got about 2,000 pounds in my 212 account. I accidentally thought I was depositing into my ISA option on 212 but I wasn't. I want to move the money over but obviously that isn't an option unless I sell, which I don't want to do. 
+
+Any advice?
+
+Thanks
+*I'm not sure if this already has been posted here, but I just came across this post from [A. Antonopoulos' Patreon page](https://www.patreon.com/aantonop/posts) (it's a public entry posted on 16th of December. The readability and formatting is better there btw):*
+
+*Edit: direct link to the post: https://www.patreon.com/posts/emotional-15912702*  
+
+----------------  
+
+
+
+
+On December 6th, my life changed trajectory... again. I went to sleep on a wave of positive messages and support from the bitcoin community, in response to a letter I had posted on Patreon titled “In defense of optimism” that had leaked to Reddit.
+I had spent the day reading messages of support pouring in on Twitter, Patreon, and email, literally thousands of them. It was a life-affirming experience. Like everyone else on social media, the messages I receive are not always kind and supportive. Often the critical messages and trolls are far louder than the supporters. Our brains don't evaluate praise and criticism in equal measure - it's easy to believe the criticism and see the praise as undeserved. That’s why each little message of support makes a difference, each one helps me ignore the critics and see the impact of my work. In addition to all of the written messages, people were signing up to support me on Patreon and some were even sending bitcoin to my donation address. By the time I went to sleep, I was filled with gratitude, humbled by the overwhelmingly positive, viral response of the community. 
+
+Here’s what happened next...
+
+I wake up on December 7th, the notifications list on my phone was too long to scroll. Hundreds more messages of support had come in while I was asleep.
+
+Then my phone rings and I recognize the number of a dear friend. "Strange," I think. I’m not expecting a call. "Don't open your laptop yet," she says. "You got some big bitcoin donations overnight. Are you sitting down?" I sit down. I open my laptop, I look at the balance in my 1andreas bitcoin donation address.
+
+Surprise, gratitude, fear, shock, joy, elation, anxiety. My emotions achieved a level of volatility that mirrored that of the bitcoin exchange rate. Good thing I was sitting down.
+
+You're probably thinking that between the supportive messages and the large donations, I’d have been celebrating without a care in the world. But I'm a security professional who works in bitcoin. Could I come up with a doomsday scenario to taint this experience? Hold my beer.
+
+I'm in a taxi on the way to the airport. I’m cycling through emotions again, a bit faster now.
+
+Joy, Terror, Tears, Gratitude, Fear, Elation, Dread, Cold Sweat. It's a good thing I'm sitting down. I can't feel my fingers.
+
+Anxiety
+
+Wouldn't it be ironic if I get hacked and this massive donation is stolen the same day it was given? *Shudder*. That was a real possibility. Funds were sent to a vanity address, posted on my website, which was mainly used to support my habit of giving small amounts of bitcoin to strangers at meetups and conferences. Before December 6th, the address typically received small gifts each month and I emptied it every now and then in a spree of small donations. 
+
+Gratitude
+
+I still can’t believe how many people have responded. I had no idea how many people could identify with the feelings expressed “In defense of optimism” and would want to show their support. I’m grateful to be a part of this community.
+
+Fear 
+
+This vanity address is secured with a single private key which was stored on my phone in a “hot” wallet, so that I can give away bitcoin at meetups. The address has maximum public visibility and no Segwit (segregated witness) support. My security model just tipped over and I'm freaking out.
+
+Happiness
+
+I’m so happy! This is incredible, unimaginable. My fingers are numb, in a good way. Is this really happening?!?
+
+Cold Sweats
+
+I have to move the funds out. Now. Right now. But I only have this key on a wallet that doesn't handle RBF (replace-by-fee), CPFP (child-pays-for-parent), and it's not a Segwit address. I'm traveling; I’m about to get on two long flights and the mempool is slammed with transactions. Of all the days!
+
+Joy
+
+I’m crying. Tears of joy. This is something most people never get to experience in the most meaningful of careers, a loud acknowledgement from an entire community and financial security. I’m thinking about my family members and close friends who are struggling and overjoyed at the opportunity I now have to help them. 
+
+Terror
+
+Then it dawns on me: a perfect nightmare scenario. What if this is considered "income" in the US and I have to pay taxes at a 39.6% rate? Those taxes would be evaluated on the USD value of the donation at the time it was made, at an all-time-high price of bitcoin. If bitcoin's bubble bursts by 50% today, I will owe more taxes than the donation is worth. I will be bankrupt but will owe the IRS and those debts can't be discharged in bankruptcy. I'm going to be in debt for a decade!
+
+Elation
+
+I can HODL! I don’t have to keep selling to pay bills. Patreon has grown too, so I should be able to cover my expenses and build the business with their support. I can really HODL!
+
+[Alarm buzzes on my phone]
+
+“Boarding on Gate D15”. Pack everything back up, run to the gate. Find my seat. Unpack all my electronics. Re-establish connections. No Wifi yet. 3G if I hold my phone just so against the window. We're taking off. No Wifi at all on this flight. 4 hours, offline, me and my thoughts. What is the opposite of a state of mindfulness? Head spinning.
+
+Fear
+
+What if the price crashes. Should I sell some?
+
+Silliness
+
+I'm buying a lambo (I laugh out loud at the thought of that. No, I'd never waste money on something so silly).
+
+Dread
+
+What if the donations had zero fees and will never confirm? What if this was all a cruel joke? 
+
+Joy
+
+My dad will be so proud!
+
+[Landed]
+
+Turn on smartphone. Too many notifications. Turn on VPN, Tor. Sync wallet. Too slow. Too slow.
+
+Run to the lounge. Get on Wifi. Fire up VPN, Tor. Start electrum. Import keys. Child-pays-for-parent the stuck transactions, Replace-by-fee new transactions. Careful coin selection. Send to cold storage (so glad I keep an unused cold storage address handy). Overpay fees more than ever before. 2000 satoshi per byte? Fuck yeah. This is the highest priority transaction of my life. 8 agonizing minutes. 1st block. Confirmations ripple down my screen. Exhaling... I hadn't noticed I was holding my breath.
+
+“Boarding gate C51”. Pack everything, run to the gate. Board the plane. Unpack everything. This flight has Wifi. Bet it doesn't work. Yup, it doesn't work. 6.5 hour flight. I'll just read a book. I've read the same paragraph 8 times and don't know what it says. I'll sleep. Nope. Ok fine, I'll fret - seems I'm good at that and nothing else right now.
+
+[Landed]
+
+That was the longest flight ever. Boot up, 4G, VPN, Tor. Sync.... slow, too slow.
+
+ANOTHER GIANT DONATION. WTF! Is this really happening? Is my wallet counting the balance incorrectly? This isn't possible. WTF IS GOING ON?
+
+Joy, Terror, Tears, Gratitude, Fear, Elation, Dread. I’m cycling faster now.
+
+I just emptied my wallet into cold storage and now it's carrying a ridiculous amount again. Boot up, VPN, Tor, Electrum, CPFP, RBF, cold sweat, 1 confirmation. Phew.
+
+I realize that I just conducted the 4 biggest transactions of my life. I'm shaking. Hope I didn't screw anything up.
+
+Finally I get to my hotel. “Long day” doesn’t even begin to describe it. I am grateful, giddy, jetlagged and exhausted, so sleep should come easy, right? Not happening. Two hours of tossing and turning while my mind is racing. In the end I just pass out from exhaustion. I wake up in a state of anxiety. 
+
+I open my inbox. I have a dozen interview requests from newspapers, TV, radio. They don’t want to talk about bitcoin. They want to talk about “my story.” It’s never been about “my story” and I’m not about to change that. Denied, denied, denied. That’s it. I’m going offline for a few days. I need time to process everything that has happened over the past couple of days and strategize about what to do next.
+
+There are no words to adequately convey my appreciation, my gratitude. 
+
+These are life-changing gifts, but I don’t intend to change my life. I’m highly suspicious and careful about “lifestyle inflation”: I resist any urges to increase my spending as my income increases because as a self-employed entrepreneur I know my income can decrease significantly at any moment. 
+
+First, the practical side: For legal and tax reasons the gifts should remain mostly untouched for at least three years. This is a new situation and no one knows for sure how the authorities will characterize it. I wanted to HODL anyway, so that’s fine with me.
+
+Second, and the much more important side, I love what I do. I’m obviously not going to “retire” or slow down. Receiving your messages and support has energized me and I’m excited to do more, much more. 
+
+The number of people supporting me on Patreon has grown significantly and with that support I’ll actually be able to do a lot more. And there are many things I want to do:  a new website with more materials, in as many formats and languages as possible; more books; an epic tour; and that’s just the beginning!  I also plan to grow my team, which serves two goals: I can get help for the things that need to be done, but I can also bring more people success and security with a steady paycheck.
+
+While I’m excited about all of these new projects, I want you to know that the ultimate goal remains the same: to educate as many people as possible about this transformational technology and remain an independent voice, working directly for the community. 
+
+A week has passed. The one feeling that keeps returning, among the barrage of feelings, is gratitude. After taking time to process and calm down, the fear and stress is gone and all that is left is gratitude. I am so thankful for all the messages of support. I am so touched to hear stories of how my work has affected others in a positive way. I am thankful for all the donors who rallied behind me to help me in my advocacy and education. 
+
+#THANKYOUBITCOINCOMMUNITY
+
+Thank you for being so generous, so kind, so supportive; I’ll never forget this experience. Now, back to work!
+I stepped away today to take a break in anticipation of today’s T-21. I return to a sale price; what a shame. 😉
+
+Rather than the clinching of fists and the gnashing of teeth, I decided to do a little research and am fairly confident that T-21 occurs tomorrow due to the new federal holiday. This addresses SEC business (not specific to T-21). We don’t hype dates here but information is always good. 🚀 See below:
+
+“The SEC’s EDGAR filing system is closed today for the Juneteenth Holiday.  Because today is a federal holiday, today will not count as a business day in the filing periods in Rule 424(b) under the Securities Act.  This is also helpfully noted in the SEC’s announcement of an EDGAR filing holiday at:  SEC.gov | EDGAR Will Be Closed Friday, June 18, 2021.
+
+What about the time period between pricing and settlement of a debt security, such as a structured note issued off of a medium-term note program?  This is usually 2-3 “business days,” as defined in the relevant indenture.  A typical “business day” definition for a fixed rate debt security in an indenture reads “’business day’ means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in the City of New York. **”  Because today is a legal holiday, it will not be counted for purposes of the settlement period.  We don’t have to reach the question of whether or not banks in New York City are open, as many banks are open today.”**
+
+Source: https://www.jdsupra.com/legalnews/is-today-a-business-day-7290493/
+
+Edit: I just wanted to note that this is marked opinion for a reason. And even if it doesn’t pop tomorrow. It’ll still be a great day because it doesn’t cost me to hold.
+
+Edit: Was made aware of a similar post with additional rationale here: https://www.reddit.com/r/Superstonk/comments/o77jm5/i_had_a_thought_it_really_hurt_but_what_if_i_told
+What are the things you've always wanted to know about but have been too afraid of asking? What do you need to retire? Is your financial advisor working on your behalf or just raking in fees? What does it all mean?
+
+Remember - this is a safe place. Upvote those that contribute, and only downvote if a comment is off-topic or doesn't contribute to the discussion, **not** just because you disagree.
+So I just recently got a credit card to help raise my score and my current plan is to use it to get gas and then pay it off. Now the question is, as soon as I get gas and get home should I pay it off then or give it a few days to I guess post to the account?
+
+Could’ve sworn I read somewhere to wait til your statement pops and then pay it off, but I could be wrong. Thoughts? Or does it matter?
+To begin with I’m pretty young with only two lines of credit. Both of them being credit cards. I’ve been paying them early and in full. I’ve only been building credit for about a year. So although my score is good my history is lacking. 
+
+Recently a family member had a “business” idea and asked if I wanted in, I agreed and applied for a personal to help with that. Long story short the loan isn’t needed anymore. So now I’m stuck with a hard hit on my credit score and a loan offer that I don’t need.
+
+Now this is where I’m unsure of what to do, I could either reject the loan and live the mistake, or accept and use it to build credit. 
+
+My idea to build credit is basically just use the loan to pay itself and pay the $2,250 in interest out of pocket. But I’m not sure if this is a god idea or not.
+
+I was also thinking of investing a portion into the stock market right now because it’s on a down trend, and buy low sell high right?
+
+I’m grateful for any advice as I’m not sure what to do. Please leave any suggestions.
+
+Update/Edit: Every single comment says to reject the loan. So I’m calling my bank tomorrow and declining the loan. 😀 Also thank for all the advice and comments, this seem liked a really good idea at 1am, really thought I beat the “system” somehow lol. 
+
+Also I wasn’t aware that a hard inquiry would not last more than a year or so. My logic behind it was because my credit isn’t mature, so it would lower my credit score (706) by a significant amount (I was thinking 50-80pts.) But it seems paying my current credit cards in full will eventually rectify that.
+Hi all - I'm a recent MBA Graduates and need advice on where I need to be putting money for the long-term. I've listed my account balances below along with my savings rate. I'd love to hear recommendations on how I can improve whether it be cutting back spending or optimizing my current allocations! Thank you to anyone who will help!
+
+**Assets:**
+
+* Cash - 10k
+* Stock - 10k
+* 401k - 25k
+* HSA - 5k
+
+**Liabilities:**
+
+* Student Loans - 59k
+
+**Current Net Worth: (-9k)**
+
+My current savings rate/year is as follows:
+
+* Money into 401k/year - 22k
+* Money into HSA/year - 3k
+* Money to pay student Loans/year - 16k
+* Money into Liquid accounts/year - 15k
+
+**Total Money Saved/Year = 56k**
+[From Bloomberg:
+](https://www.bloomberg.com/politics/articles/2017-02-16/trump-s-f-35-calls-came-with-a-surprise-rival-ceo-was-listening)
+> Days before taking office, President-elect Donald Trump made two surprise calls to the Air Force general managing the Pentagon’s largest weapons program, the Lockheed Martin Corp. F-35 jet. 
+
+> Listening in on one of those calls was Dennis Muilenburg -- the CEO of Lockheed’s chief rival, Boeing Co.
+
+> [Boeing] makes a fighter jet Trump has suggested might be an alternative to the F-35
+
+> He appeared caught off-guard but was able to listen in on the call
+
+> Speaking to reporters Thursday after a congressional hearing on the F-35, [Lt Gen] Bogdan said that Muilenburg listening to the call “was not inappropriate. The things I talked about in front of Mr. Muilenburg were clearly publicly releasable information. I understand the rules.”
+Hey folks!
+
+So, my wife was accidentally paid for an extra week after she left her previous company back in 2019, and it wasn't realized until this year. The company (and its collectors) have been reaching out to us, but they're asking for the gross amount back, pre-tax, rather than the actual amount post-tax which was deposited into our account.
+
+I'm not sure how this works. Since taxes were already filed and paid for the tax year in which the overpayment occurred, what are we responsible for reimbursing them? Additionally, am I correct in saying that they need to provide us with a corrected W2 and we need to reach out to our accountants to have them file a corrected tax return?
+
+This is in NY state, by the way. Thanks in advance for any help 🙂
+
+Edit: I'm heading into a dentist's appointment, but I'll answer any questions as soon as I'm done.
+Recently had an unexpected windfall (unrelated to my username and any stock mentioned in the WSB articles). 
+
+We didn't have much growing up. My dad was enlisted in the army and my mom was a substitute teacher, but they did everything they could for my siblings and I, at the expense of their own finances. I got to go on plenty of cross country scout trips, and they helped a ton with undergrad and law school. With them helping me I was able to get through school with very little in loans. 
+
+They couldn't really afford to help with school, but they wouldn't take no for an answer and I didn't think I should look a gift horse in the mouth. 
+
+When I found out they were going to help me with school I made a vow to myself that I'd pay them back with substantial interest in the future. I'm now in a position to do that without putting my business or retirement significantly at risk. 
+
+They definitely had credit card debt when my siblings and I were all growing up, but now that we're out of the house my parents have had all their debt paid off for years aside from their mortgage. So while they don't have a ton saved for retirement given their age, they don't have terrible spending habits. 
+
+I've been fairly successful, which they're aware of, and they haven't asked for anything with one exception. My dad had secretly been saving to for a trip to Borneo, which was somewhere my mom always wanted to visit. A month before her birthday he told me about it and stated he wasn't able to save quite enough for the trip yet, and asked if I would be willing to help out so that he could surprise her on her birthday. He needed another $500, and he didn't want to take it from another account because he didn't want to mess up their budgeting. I was happy to help and gave him a bit more than he asked for, but I asked him to keep my help secret, which he did. 
+
+He has never asked for anything else and that was a few years back. 
+
+They aren't going to struggle during retirement even without my help. My dad's army pension covers all their expenses. But I still want to help, and I want to pay them back. 
+
+Not sure how to do that without my mom telling other people. I could just transfer it to my dad's account and ask him to keep the fact that the funds came from me a secret, but I imagine it wouldn't be easy to hide that much from her and I'd rather not force him to lie to her. 
+
+Talking to my mom about it, unfortunately, would not work. Not worried about her asking for more money, but am worried about her talking to other people about the gift and them asking for money.  
+
+Any ideas? 
+
+Ps: Apologies for the longer than necessary post, have not caffeinated yet and am prone to rambling in the mornings.
+I had not hear of this item in the Democrats big bill.  They don't like the capital gains created by stock buyback, which would otherwise be dividends (taxed as income to stockholders) or repayments of debt (reduction of a tax expense in corp). 
+
+So they have [created a 1% excise tax on the buybacks](https://www.advisorperspectives.com/articles/2022/08/06/stock-buyback-tax-revival-in-senate-bill-leaves-wall-street-unfazed).  You will have to guess whether 1% is enough to change the corp's finances, whether your choice of account-type to hold US stocks changes if dividends almost double, whether the change in liquidity impacts your own liquidity.
+Disclaimer: I live in Colorado, where the Sun shines 300+ days per year, but I suspect this would work for a large part of the US as well (Arizona, NM, TX, FL etc)
+
+We all know that the two secrets to increase wealth: maximize revenue and minimize expenses. I want to focus on the second part here in this post.
+
+Solar panels are getting really cheap these days (even with a 30% tariff added in Jan 2017) , and so are many used Electric Vehicle (EV) . Solar panels are costing less than $1 per watt (different efficiency varies) and with professional installations (labors, net meters etc) costing about $2 per watt. A typical 6000 watt system which on average produces about 7800 kWh a year in Colorado (650 kWh/month) would cost about $18000 installed. If you do this before the end of the year, you get a check for 30% of the total system cost from the federal government, for a total cost of about $12000. After the new year, that check would be just 26%, (next year 22%, and then 0% in 2022), and we all know which Orange American is behind this drop, but that's a political rant for another day.
+
+A lot of cities in the US offers solar loans at about 5% APR. A quick calculation would tell you that with $0 down, the monthly payment for the system per month would be $79 for 20 years, $95 for 15 years, or $127 for 10 years. After the system pays off, your cost would be $0 a month. You could also take out a personal loan from most banks for solar projects. They could offer even lower APR. Or if you happen to have the money on hand, you could just pay it off cash.
+
+So let's take a look at how much people could save. In Colorado, 1 kWh cost about $.11\~$.14, so let's use average $.12 for the calculation. $.12\*650 = $78. But wait! That's not all. There are also taxes and transmission cost associated with the usage, which means that you save more than that much. If you look at your power bill you can see that taxes and fees are at least 30% of your electric bills, sometimes it could be as high as 70%! So with solar power you are looking at a 0 or negative power usage for most of the year, saving you 100% of the electricity cost. In places like California, where 1 kWh costs getting to as high as $.24, your monthly cost could be $156 plus tax and fees, which means that you will be saving at least $29 a month even if you chose the 10 year payment plan. Each year, utilities companies raise the rates/fees. With your own solar system, you will have peace of mind from rising energy cost.
+
+But wait! There is more potential savings. Most houses in the US has tanked gas water heater, which requires replacement every 8\~12 years. A tanked (50 gallon) electric water heater cost about $380 at Home Depot. So if you happen to need to replace your gas water heater soon, you can get a tanked electric water heater, and save even more: I used to pay $50 a month for gas for a family of 4. After replacing it with electric water heater, my gas bills in the summer is literally $1 ( gas pilot light for the furnace?)
+
+But wait! There is even more potential savings. Used Electric cars are so cheap these days it is definitely worth looking into. I bought a used 2015 S Nissan LEAF with 24 kWh battery in 2016 for $9000 cash. It was a great deal. But you can surely find many sub-10k electric cars on the internet these days. And if you calculate the savings in addition to your electric costs, it is mind blowing: People casually drop $2000 \~ $4000 a year on gas alone without a second thought. That's gonna be $0 for you with the solar panels. 10 years of this you will save at least $20000, which is no small change. And then there's the maintenance savings: There is no oil change every 3000 miles; no spark-plug change, no tune-ups, no transmission fluid flush, no $500 \~ $700 average maintenance each year associated with the dirty gasoline engine. There are various subs for EV's on reddit you can refer to. [/r/leaf](https://www.reddit.com/r/leaf/), [/r/volt](https://www.reddit.com/r/volt/), [/r/bolt](https://www.reddit.com/r/bolt/), etc. Notice how I excluded Tesla because it is so expensive it does not really make good financial sense, even for used ones.
+
+\*\* Edited the actual percentage of rebate changes. 30% 2019, 26% 2020, 22% 2021, and 0% 2022.
+I joined this fight the weekend of January 22. I remember getting an article about how GME had halted from circuit breakers. So I read more articles, and then went to WSB to find the sub's sentiment on everything. Then I became aware that this was more than a stock, it was a movement to take down the hedge funds, and I knew I wanted in.
+
+At that point, the movement yet hadn't evolved into Occupy Wall Street 2.0. There were some mentions of people wanting to get back at Wall Street for 2008, but that came in the next week once everyone started hopping on board. I think many of you started your journey from the Jan 25 banana/snake post about short squeezes:
+
+[Disclaimer: This is NOT the origin of the term \\"ape\\" in relation to GME, but that's for a different post](https://preview.redd.it/pupk7c4dga671.png?width=500&format=png&auto=webp&s=e98f526d2f7c4920735078061feedf7a62e18300)
+
+Then in the following week I watched the biggest green dildos I have ever witnessed in my 6 years of trading^(1) get crushed by blatant market manipulation when those fuckers turned off buying^(2). And then I watched it plummet over the next weeks to \~$38. That was my personal lowest low from this whole ordeal. At that point, I had felt duped and ashamed. "Did they close the shorts? Why are the numbers so low? *Could* they have covered?" Even WallStreetBets, our home, became compromised. The FUD was awful and no one had answers.
+
+But then people migrated to r/GME and we built a new home. One of the first things we did was fully adopt the Ape namesake. And then we came together in hopes of building a better world. Posts from all over started popping up about how every single person was going all in, with all their money, with all their heart, soul, spirit. People talked about how much they've struggled, how it's been unfair, and how they've been left behind. And within the comments was always overwhelming support. "We're here for you!" "You've got this!" "APES TOGETHER STRONG!" And complementing these posts were the beginnings of the most amazing stream of DD/memes/shitposting to grace the internet and it all started coming together finally for us! And just when we thought we had built this beautiful oasis, it all comes crashing down in a single night^(3)!
+
+https://preview.redd.it/x0u9i9bspa671.png?width=1242&format=png&auto=webp&s=b509e8460164614fff5f5a50cb06c3b20fd433c2
+
+Now we're here at Superstonk and, all things considered in our journey, I feel good about where we're at. I feel like the Apes as a whole have a good grasp on what's Right and what's Wrong and we're able to keep each other in check. It feels like smooth sailing for the most part^(4) but with the flurry of news, DD, and speculative theories popping everyday, it's all taking a major mental toll on many of us. I've been with you through the highs and the lows and I know it's taken a toll on me. I'm fucking tired as hell and I'm not afraid to admit it. And this isn't FUD just because you don't personally relate to it.
+
+If you're some super robot of a human being and you can just take a beating all day everyday then that's great for you. But I'm gonna tell you right now, I'm fucking tired. And every single person who isn't lying to themselves is also tired. I'm tired of corruption, I'm tired of fraud, I'm tired of everything being unfair and I'm tired of everyone telling us we're crazy for believing that society CAN be better and that society SHOULD be better. I'm tired of the media blatantly lying to our faces and trying to use us for their profit. I'm tired of human beings having to work 80 hours a week at 3 jobs just to put food on the table for their kids. I'm tired of teachers having to pay out of pocket for their students' school supplies. And most importantly I'm fucking tired of the elite playing by a different set of rules that *overwhelmingly*, *unjustly*, and **royally** fucks us at every turn...I'm tired.
+
+And you know what? It's ok to be tired. We're warriors in what could possibly be the greatest class war in human history. And it's been a long fucking war. Do not feel guilty or ashamed that you're human and that you could use a break. I don't know what you need to hear to feel better about it, but I want you to know that I'm with you. I hear you, I see you, and I'm here for you.
+
+​
+
+https://preview.redd.it/tzg784bdpa671.png?width=1279&format=png&auto=webp&s=692eab413e2fc5b34e2657fe6dd654f8d66dc190
+
+If you're a weary traveler, I invite you to rest by my fire. This isn't gonna happen quick, it might not even happen by summer's end. If you aren't mentally in it for the long haul then you're gonna get burned out. It's a marathon, not a sprint. Go take a breather, go outside, hang out with your friends, have a drink, rip a bong, do whatever you need to do to recharge because it'll happen when it happens and all we can do is wait patiently. If you're tired, know that you're not alone. We're all here with you. And no matter how tired we all get, it doesn't change the fact that Hedgies R Fuk. So hold on, hold tight, and when we launch, rest easy knowing that you secured a seat on a rocket headed to the furthest reaches of the universe. And if you're ever in doubt, just remember **two things**:
+
+https://preview.redd.it/b12lr45p2b671.png?width=680&format=png&auto=webp&s=959fc94abc840ca9fb967b2ce86cb0b6be50c9f1
+
+# AND
+
+https://preview.redd.it/ikexdd5m6b671.jpg?width=784&format=pjpg&auto=webp&s=1274bb35fcd9a7dceb5d9033fe47b86f1170ddf8
+
+# 
+
+# xoxo ButtFarm69 🚀🌕💎🤲🏼
+
+​
+
+​
+
+\-------------------------------------------------------------------------------------------
+
+NOTES:
+
+^(1) And trust me, I had been trading TSLA calls when they exploded in 1Q20 so I fucking know about big green dildos!
+
+^(2) This event is appropriately nicknamed "The Sneeze" for those of you who are unaware.
+
+^(3) The Great Migration occurred on the night of Sunday Apr 4, 2021. This was before I had made a name for myself, but like any true shitposter would do, I made a [shitpost as the ship was sinking](https://www.reddit.com/r/GME/comments/mk9s2a/with_subreddit_sinking_like_the_titanic_i_just/) 😂
+
+^(4) A lot of that credit goes out to the Mod Squad, Satori, Knights of New^(4A)...thank you!
+
+^(4A) Knights of New need to chill on downvoting my memes 😂
+Since August 5, over 489,000 ETH has been burned. This is about $1,750,000,000 worth of Ethereum. Ethereum has also been consistently seeing deflationary days. Not only this, but Ethereum is also close to a triple halving. Perhaps the most bullish thing is that Crypto exchanges are running out of Ethereum.
+
+​
+
+[ETH On Exchanges at their lowest level](https://preview.redd.it/smgzr8ne3is71.png?width=447&format=png&auto=webp&s=7925437721a3fa86a0a8934d0c4b13fb79fa5fa9)
+
+And guess what? This is not even the biggest news for Ethereum. Ethereum layer 2 is also promising 100x gas cuts and is expected to be live by November. This is incredibly bullish for Ethereum. We can easily expect one of the largest bull runs ever if this keeps continuing. Miners are also losing momentum too. With Ethereum being burned more and more and exchanges almost running out soon, I'd say get ready for a supply shock soon.
+We all make mistakes at times, I'm wondering what your hall of fame mistakes are? Do you still hold them or did you take a loss and run? Hopefully, we can learn from each other and be able to avoid some of the pain in the future.
+No mention of the so called 'hearing' on the SEC or CFTC official websites:
+
+[https://www.sec.gov/news/upcoming\-events](https://www.sec.gov/news/upcoming-events)
+
+[https://www.cftc.gov/PressRoom/Events](https://www.cftc.gov/PressRoom/Events)
+
+It's just a routine discussion \(in private / behind closed doors\) on the possibility of regulating ALL crypto in general. No official hearing. No official announcements are being made today!
+# Summary
+
+Moon farming strategy has recently become about posting as much as possible, with no regard for quality.  This type of spam harms the subreddit experience for everyone and reduces the moons going to people who are actually contributing quality content to the subreddit. To disincentivize moon farming spam, I suggest a small and gradual karma deduction beginning at a user’s 50th submission (post or comment) for the day.  This will benefit the subreddit by reducing spam and everyone who is not spamming an extreme amount of comments every day will earn more moons.
+
+# Problem statement
+
+Many moon farmers have recently adopted the strategy of posting as much as possible without any regard for quality.  Some of these users are posting hundreds of times per day, which is almost half the amount of comments the entire subreddit would get on a given day last year.  You can see how comment volume for the subreddit has exploded in 2021, exponentially more than increases of our other traffic or engagement numbers:
+
+[r\/CryptoCurrency Comments Per Day.  Source: subredditstats.com](https://preview.redd.it/cpu3c2x8awk71.png?width=881&format=png&auto=webp&s=685143a79d2435c14b1eb0afddc71c603de60b90)
+
+This has resulted in a notable drop in quality for the subreddit and negatively affects everyone else’s experience.  This has highlighted a flaw in the Moons incentive system, where submissions are not being awarded proportionally to the value they add to the subreddit.  In my view, this spam is detrimental to the subreddit and should not be incentivized.  While engagement is great, this type of activity is almost always off-topic spam which does not genuinely engage with other users, nor does it attract engagement from others.
+
+It also increases the work of moderators drastically.  This is not just a manpower problem, but the comment volume is overloading some of our moderation bots and hitting reddit’s API limits.
+
+To quantify this situation, I have been collecting data on all the participants in the Round 16 Moon distribution.  Below is a chart showing the participation curve.  You can [see the full data here](https://docs.google.com/spreadsheets/d/1prxNn4nkagMj_MCo2vcyeQddhoNh0hNe6p9B-qv1D9I/edit?usp=sharing) and methodology details in cell K2. Usernames were redacted from the dataset for privacy and harassment reasons. However, if you would like to know your own SPD (submissions per day) in this data as a reference point, please reply and I'll respond with your number
+
+[r\/CryptoCurrency submissions per day \(posts or comments\)](https://preview.redd.it/icznkfq6awk71.png?width=658&format=png&auto=webp&s=402fa05ec2153e8b6c5d6fd29035a61d51232609)
+
+Some highlights and insights from this data and other sources are listed below:
+
+* r/Cryptocurrency is seeing approximately [80x more comments and 10x more posts than previous years](https://subredditstats.com/r/CryptoCurrency) (This has since decreased slightly since these proposals were released and mods began cracking down on spam)
+* r/Cryptocurrency is consistently the #2 subreddit for comment volume ([https://subredditstats.com/](https://subredditstats.com/)) (This has since decreased slightly since these proposals were released and mods began cracking down on spam)
+* The subreddit sees approximately 80,000 submissions per day, and submissions above 50/day for approximately 24% of the submissions on the subreddit
+* The highest number of average submissions per day was 473
+* Of the accounts that maxed out their karma last distribution, the average submissions per day was 139.7
+* Only 0.7% of participants in the subreddit reach an average of 50 submissions per day
+* We can see other extreme examples in [threads like this one with a user posting 800+ times in a day](https://np.reddit.com/r/CryptoCurrency/comments/pa559e/today_one_user_spammed_500_and_counting_comments/)
+
+# Proposed Solution
+
+To address these problems, I suggest we add a small, gradual deduction beginning at an account’s 50th submission per day.  This deduction would start at 1 on the 50th submission and increase by 1 every 5th submission after that.  The deduction maxes out at 25 on the 170th submission and remains at 25 for all further submissions that day.  The deduction will also never take your submission below 0 karma, so they are never punished for posting an extreme amount, it is just a reduction in rewards.  **Only 0.7% of participants in the subreddit reach an average of 50 submissions per day**, so the vast majority of users would never see any kind of deduction and would likely see an increase in their moon rewards.
+
+To see the full deduction schedule, [see this google sheet and select the Deduction Schedule tab at the bottom](https://docs.google.com/spreadsheets/d/1prxNn4nkagMj_MCo2vcyeQddhoNh0hNe6p9B-qv1D9I/edit?usp=sharing)
+
+Because a set amount of moons are distributed monthly and they can be considered a [zero sum system](https://en.wikipedia.org/wiki/Zero-sum_game), it will not mean that everybody earns less moons.  Instead, the users posting extreme amounts will earn less and everyone else will earn more.
+
+Technical Details: The submission count and deduction would apply to posts and comments alike.  It only applies to each individual submission starting at the 50th in a day, and the first 49 submissions are never affected by this deduction.  It should factor in before other modifications, such as the 2x comment weight.  Admins should not disclose when a new day starts, so spammers have less information to game the system.  Deleted submissions still apply towards the submission count.  Submissions which are not eligible for moons (pinned, distinguished, removed, etc) do not count towards the submission count
+
+Decisions:
+
+* I chose to make the deduction gradual so spammers would not just hop onto an alt after their 50th submission because there is still the ability to earn karma, just slightly less
+* I capped the deduction at -25 so there is always a chance to earn karma if you post something good.  It goes up to -25 so it would be difficult to covertly overcome with other forms of manipulation like vote farms
+* The deduction starts at 50 so it minimizes the amount of affected users, but we could vote to begin the deduction sooner in the future if needed
+* I do not like the idea of preventing someone from posting after a certain number of submissions.  This problem arose due to the incentive system, so I believe it should be solved by correcting the incentive system
+* I chose a daily system because sometimes you can get caught up in a conversation with a lot of users, especially if you're the OP of a popular post.  I don't think that should carryover for the rest of the month and disincentivize your participation on subsequent days
+* There are concerns that spammers will just use alts, but managing many alts and vaults will add work for them and they will be banned for exploiting the moon system when they are caught
+
+[View Poll](https://www.reddit.com/poll/pftw5l)
+*This theory throws MOASS discussions aside, I definitely believe it's in the cards but I want to talk about this long term phenomenon.
+
+I believe there is a large group of motivated consumers because of the sentiment around Gamestop that is comparable to that of Apple and Tesla.  I further believe that because of this sentiment sales numbers are going to continually surprise Wallstreet and hold buy pressure from the surprise delta on every quarterly announcement until the estimated sales numbers and earning per share are drastically altered to reflect the current consumer mindset. Even after being updated, the numbers will then become attractive to the passive income, long term hold, lower risk investment strategies. The current numbers show Gamestop is estimated to have negative annual earnings per share (that means for every share that exists the company's sales is losing that much if the losses are divided evenly per share) until 2023. These estimates will continue to be Roshambo'd by the actual numbers every quarter because they do not account for the following.
+
+ 1. It is currently "cool" to have gamestop merch or shop at gamestop. Receipts are receiving up votes, merch is sold out, t-shirts are not only sold-out but being demanded. The crowd is so loyal to gamestop their isn't even a consideration of making their own custom shirts because they want gamestop specific merch. This mentality is not reflected in the current estimates.
+
+ 2. Beyond that is the fact that there is a huge increase in demand for store brand merch. T-shirts with other brands are typically marked up 8% when sold by retail. When they are your own brand you can mark these bad boys up to 50% and achieve the current market price point (heavy breathing). Further, items like the very popular banana cat plushie are an exclusive gamestop/funko collaborative which would garner increased profit margins for gamestop because without gamestop, Funko would not be able to sell the product as effectively (think of this like negotiation leverage). Again, if any of these estimates had textile merch demand as a factor they must have had DFV's 8-ball because I don't think anyone saw this demand coming.
+
+ 3. Even more so, Gamestop is expanding into other markets, as the consumer demands it, and immediately making sales that were not factored into these estimates. For instance, the board game market. We have watched them enter this sphere in the last three weeks, as demanded by the customer base. Guaranteed sales in a market that typically has 100% mark ups (very heavy breathing). That's right, retail typically makes as much money for a board game as it everyone else who designed, created, manufactured and shipped it to the store. That part is wild but regardless of the industry, the companies stock that you hold is now on the receiving end of those profits. Also, recently consumers went face down into the candy aisle at gamestop (awesome). These represent consumable purchases which are great for a company because you can continue to make that purchase in the future (nobody buys a toilet seat every month but it's more likely you would buy a bag of candy again and again and again).
+
+ 4. There is international demand. We have all seen the charts showing that gamestop is being held very heavily is Scandinavia, Australia, Germany, UK etc. In most cases we wouldn't assume that a stock holder represents a customer but in the case of gamestop its not only possible but likely.
+
+ 5. Finally, notice how in 4 points I never once actually talked about their bread and butter? That is actual console and video game sales? Yes that is still very much present. Gamestop's competition are big box stores. There is no store specifically focused on getting out of stock game systems in stock. For Gamestop, this is what they do. For other companies it's just another item in the long list of sold-out items. I trust the rush of brass that just came in understands that for people to purchase their product they need consoles. These newcomers are hyper aware and are there to work, I trust they will be doing everything in their power to receive more stock. 10 months ago I believe they could have been shrugging at the out of stock sign and saying it is what it is but with this new vote of confidence from the consumer I believe they understand that is no longer an option.
+
+Gamestop has become a desired brand. People would buy their groceries there if they could. Their name now has value that it did not have 10 months ago. This is not calculated into the EPS which is going to continue to drive positive surprise deltas at every quarterly earnings announcement. This is comparable to the Telsa and Apple fanbase and has not been factored into current Wallstreet estimates.
+
+*not financial advice. Just an ape who likes the stock. Also, thanks to the knights of new for some fine tuning, much appreciated!
+Was one coin not enough? Did the potential of owning more than 1.0 BTC outweigh the potential of diversifying into stocks or other things?
+
+What was/is the strategy after 1.0 BTC?
+I’m trying to purchase an investment property through a private mortgage lender and our lender has been very frustrating to work with. We finally received our estimate sheet today and were mind blown to see $5,655 origination fee on 20% down payment in comparison to $2,175 origination fee on 25% down payment. Is our lender intentionally trying to get us to pay 25% down payment and not working in our best interests or is this normal?
+
+EDIT: I am working with a mortgage broker not a private lender as I inadvertently claimed here
+I've been closely following crypto for about a year now. I waited so long for a good occasion to buy in, teaching myself about blockchain and cryptography. I invested 80% of my free time to read about the tech (online and from books), I've taught myself programming and worked my arse off to accumulate captial need for the push (I even took a sociology course to better understand how disinformation works). "*Never invest in a business you cannot understand*" - I was fascinated by crypto from the very first day I heard about it and today, after so much hard work, I can say not only I'm fascinated by blockchain but also understand how it works.
+
+Today I bought 10 BTC as a long term investment and despite all the negativity and FUD I'm very confident it will pay off in the future. I've never been so excited in my life. Stay strong handed!
+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
+\# RobinHood Scandal: The Truth
+
+​
+
+\# Don't want to read?
+
+​
+
+\- \[[https://youtu.be/knrlijBR4MQ](https://youtu.be/knrlijBR4MQ)\]([https://youtu.be/knrlijBR4MQ](https://youtu.be/knrlijBR4MQ))
+
+\- This is the 17 minute long YouTube video along with interview with Webull CEO Anthony Denier who provided supporting evidence to everything I claimed.
+
+​
+
+💎 🙌 💎 🙌 💎 🙌 💎 🙌 💎 🙌 💎 🙌
+
+​
+
+\> TL;DR → Melvin Capital fucked up so bad that they were about to destroy the entire market through counter party risk leading to a massive liquidity crisis. Since Melvin and other hedge funds were too big to fail, to prevent a complete market collapse, DTC had to screw the clearing firms (who then had to screw brokers who then had to screw retail) by raising settlement collateral from 3% to 100%. This led to a tricke down effect which shutdown $GME trading (and a few others) and then drove prices low enough that Melvin Capital wouldn't collapse and take the entire securities market with it.
+
+​
+
+Basically, Melvin Capital over-leveraged and was about to destroy the entire market. DTC couldn't let that happen. Thus, DTC forced retail traders to bail out Melvin Capital through a series of trickle down events that started with                                                                     DTC raising settlement collateral on $GME from 3% to 100%.
+
+​
+
+In short, Melvin fucked up big so DTC forced you to bail them out.
+
+​
+
+\# 1. Background Information
+
+​
+
+\### How trading works behind the scenes
+
+​
+
+1. DTC (Depository Trust & Clearing Corporation)
+
+\- Monopoly that helps settle funds from trading
+
+\- Traditionally funds take two days to settle
+
+\- Purpose → Provide liquidity in the meantime
+
+\- Makes sure sellers get their money when they sell
+
+\- BUT usually requires 1-3% collateral just in case
+
+2. Clearing Firms (APEX Clearing)
+
+\- Intermediatery between DTCC and Brokers to clear trades
+
+\- Pays collateral to DTCC until trade settles
+
+3. Brokers (Robinhood, WeBull)
+
+\- Facilitate securities exchange between traders
+
+4. Traders
+
+​
+
+\# 2. Why Was $GME Trading Halted?
+
+​
+
+\### DTC without warning raised collateral from 3% to 100%
+
+​
+
+\### What stocks were affected?
+
+​
+
+\- $GME, $AMC, $KOSS
+
+​
+
+\### What is the impact?
+
+​
+
+\- Clearing Firms now have to hand over \*\*100% cash collateral\*\* to DTC for \*\*every single trade\*\*
+
+\- AND hundreds billions of dollars are traded constantly, how can Clearing Firms handle 100%?
+
+\- ANSWER: Clearing firms obviously CANNOT provide the required collateral
+
+\- RESULT: Clearing firms called up the brokerages and told them to shutdown trading
+
+\- Ex. Robinhood shutdown all selling of $GME and other volatile securities
+
+\- Did DTC know this was going to happen? Hell yeah. They did it on purpose.
+
+​
+
+\# 3. Why DTC Suddenly Required 100% Collateral
+
+​
+
+\### The entire securities market was about to collapse.
+
+You heard that right.
+
+​
+
+\### What how?
+
+​
+
+\- If $GME prices kept going up, Melvin Capital would be unable to pay and cover their shorts
+
+\- Then it would trickle down to the Clearing Firms who would be on the hook
+
+\- But we are talking about BILLIONS of dollars here
+
+\- So Clearing Firms would be in the water and not have enough
+
+\- Meaning, if you sell a share, you won't receive a penny because NO ONE CAN PAY
+
+\- Result → Counter party risk → Complete market breakdown
+
+​
+
+\### It gets worse...
+
+​
+
+\- Clearing Firms being underwater would cause a domino effect to the ENTIRE MARKET
+
+\- Remember, Clearing Firms help clear pretty much every security traded
+
+\- So if Clearing Firms goes under due to $GME...
+
+\- Then not a single security on the marketplace could be cleared
+
+\- \*\*The entire market would collapse\*\*
+
+​
+
+\### Case Study: 2008 Financial Crisis
+
+​
+
+\- Remember Lehman Brothers? They were also a clearing firm.
+
+\- Lehman was the clearing firm for many other hedge funds
+
+\- When Lehman collapsed, the hedge funds it supported \*\*also became counter party risk\*\*
+
+\- Result?
+
+\- \*\*Complete market breakdown\*\*
+
+\- Which is why the U.S. Government had to come and \*\*bail them out\*\*
+
+​
+
+\# 4. Who's Responsible / Who to Blame
+
+​
+
+\### So fuck DTC right? Not really.
+
+​
+
+\- You have to understand...
+
+\- \*\*DTC only had two choices\*\*
+
+1. Leave everything as it is and let the market collapse
+
+2. Screw the $GME holders to protect the rest of the market
+
+\- Can't really blame them...
+
+​
+
+\### Then who do we blame?
+
+​
+
+\- \*\*MELVIN CAPITAL and other hedge fund shorts\*\*
+
+\- Their greed almost collapsed the U.S. securities exchange market (potentially global as well) because they over-leveraged and shorted 140% of $GME float.
+
+\- They made a horrible call trying to profit off of a struggling business with insane leverage.
+
+​
+
+\### But who does Wall Street blame?
+
+​
+
+\- \*\*Wall Street blames Retail Traders and r/WallStreetBets\*\*
+
+\- Their reasoning → If everyday folks didn't discover our evil and irresponsible strategies, this never wouldn't have happened.
+I've only been trading with real money for about a month, but I read something a few months ago, while doing my research, that really stuck and I wanted to share.
+
+As investors, we often look at the moves we've made and judge ourselves on what we missed on or what we hit on. This is part of growing and learning as an investor.
+
+But the thing that many people forget is the **almost** trades. Those trades that we got close to pulling the trigger on, but didn't. Whatever that reason was, we all have moves that we almost made but *something* made us pass on it. 
+
+#Write them down.#
+
+Record every trade that you almost made, or considered making. Record the date, the current value, and the reason you didn't make the trade.
+
+This has been very valuable to me in my first few weeks of trading. We all look through our portfolio and our trade history and think, "man - if only I held this longer" or "I really messed up buying this on the rise". But what we often forget is to give ourselves credit the the decisions we made that there isn't a history of on our chosen broker. For every single regret we have as traders, there is a dodged bullet that our gut, training, or education helped us avoid. On the flip side, there are also those securities we saw a post about, or noticed while browsing that sparked something in us but we hesitated on. Those ones that have been nothing but green since then and we are regretting.
+
+If you don't record the moves you **almost** made, then you're missing out on valuable person growth information that can help you become a better trader. Write down every move you almost made in a notebook and look back every once in a while. The more you write at the time the better.
+
+Hope this can help others as much as it's helped me. Good luck y'all!
+Hello,
+
+BlowFish has officially launched **Millionaire Makers**. A smart contract-based lottery on Binance Smart Chain. https://blowfishlottery.app/
+
+# What's Millionaire Makers? 💸💸💸
+
+BlowFish's Millionaire Makers is a lottery running on BLOWF tokens. Using our website, players can submit BLOWF tokens in a 3 day running period. At the end of the period, the smart contract randomly decides a winner and pays out 95% of the pool. As a deflationary BlowFish project, 5% of the pool is burned. A new lottery pool is then started. The [smart contract](https://bscscan.com/address/0x0b70744d4ed75a8cbfa7971f450aefe47684e7ee) handles all of this logic. The lottery terms are fully transparent.
+
+This DApp integrates with BogTools' RNG Oracle to obtain verifiably random numbers. We're excited to be the first official users of BogRNG.
+
+Feel free to play! At a low cost per player, we can make 1 person rich every few days :)
+
+# What's BlowFish? 🌊🐡🌊🐡🌊
+
+BlowFish (BLOWF) is a fun, memey utility token. Our purpose is to be a **platform for entertaining DApps** that encourage deflation. BlowFish is now just over 2 weeks old, sitting at a ~$700k marketcap.
+
+Our community is hugely supportive and rapidly growing. In the past couple weeks, we've had 4 developers offer to help build DApps and an awesome designer create our mascot. Check out our website below to see future project ideas.
+
+For the meme potential for BlowFish, just look at what the community created: https://youtu.be/KRDG_Vl1bC8
+
+We have ambitious plans to grow the BlowFish platform. We think we have a unique take on the meme token trend.
+
+# Links
+
+BlowFish website: https://www.blowfish.one/
+
+BlowFish MillionaireMakers: https://blowfishlottery.app/
+
+PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA55BB91dE33B4abdf3aC64913D98A55ad84Dc3A8
+
+Price charts: https://dex.guru/token/0xA55BB91dE33B4abdf3aC64913D98A55ad84Dc3A8-bsc
+
+https://charts.bogged.finance/?token=0xA55BB91dE33B4abdf3aC64913D98A55ad84Dc3A8
+
+Telegram: https://t.me/blowfishtokengroup
+
+Twitter: https://twitter.com/blowfishtoken
+🌍🌍🌍 SaveTheWorld 🌍🌍🌍
+
+SaveTheWorld is our step towards making the World a better place for all, achieved through utilising the immense decentralised power of cryptocurrencies. 50% of the generated liquidity will be donated to charity every single day.
+
+Well, given the dynamism of the project, and the fact that there are endless worthy charitable causes, SaveTheWorld token will be able to consistently draw in new investors, both philanthropic and speculative alike. Unlike many charity tokens that use donations simply to pump marketing, we are using a Gnosis Multi-Signature Wallet to handle the donations, in a transparent way. We aim to keep the charities in question as impartial to politics as possible. There comes a time when all people must rise up beyond our differences and collaborate. For that reason, SaveTheWorld will focus on issues that are objectively important in a humanitarian and environmental sense. One World, One Love.
+
+$SAVE is the defining BSC Charity Token with serious ambitions. Each Phase targets a new effort. Phase 1: India COVID Relief Phase 2: Cancer.org Phase 3 (Current): ActNow Africa
+
+📊 Tokenomics: 10% Transaction Tax: 2% reward dispersed to holders 8% to liquidity
+
+🏭 Supply: 1 Quadrillion total supply, hyper deflationary. 33% burnt and counting
+
+🔥🔥 OVER $1.7 MILLION in total donations in the first week 🔥🔥
+
+33k + holders ✅
+
+6500+ Telegram users in our amazing community ✅
+
+Coingecko and CMC Listing ✅
+
+Contract Address: 0x159802fbe16aa6a0863a56a18dd41afce546c93e
+ 
+
+I have had this theory since GameStop released the splividend.  I am calling my theory “The Nuclear Button”. 
+
+The basics of this theory are that GameStop will release an NFT dividend. 
+
+Now there are two options for the SHF. 
+
+Scenario 1:
+
+The SHF can scramble to acquire legitimate shares for their clients so they actually get the NFT’s from the DTCC (who may hold onto them again).  Either way this will illuminate that each share/IOU is not backed by an actual share.  This would cause the MOASS in the traditional sense everyone has been picturing all these years. 
+
+Now what I believe is the originality of my theory is the following and why I call it the Nuclear button. 
+
+Scenario 2: 
+
+GameStop issues their NFT dividend. And then offer the EXACT SAME nft on their market place. For $10.  Very reasonable, unsuspicious price.  Why would GameStop do this? The SHF can just buy them and give them to the people they owe them to.  Yes. Exactly.   Say conservatively there is 1 Billion synthetic shares that need to be covered. Each one needs this $10 NFT for the SHF to maintain the illusion that everyone got their NFT Dividend.  With the push of a button GameStop just profited $10,000,000,000.  The SHF maintain their illusion of control the government is happy, GameStop is happy. “Whew that was close.” - Dtcc
+
+Then 1 week later GameStop issues another $10 NFT dividend. 
+
+How much is the Government willing to pay to maintain the illusion of a Free market.  Meanwhile the Company I love is profiting $10 Billion  a week with the push of a button. 
+
+Edit: I don’t believe this would be “attacking shf.”  Of course a shf would never need to buy the nft dividend if there are only legitimate shares. 
+
+Now imagine 5 billion shares are synthetic. Or the nft is $30 to buy. 
+
+100% just an idea I wanted to share. I hope my flair is right.
+
+BUY. DRS. HODL!!!
+Just saw this [Article](https://www.news.com.au/finance/money/costs/real-estate-agent-reveals-hundreds-of-thousands-of-dollars-wiped-off-unit-values/news-story/96262d9d117f830f071ac101f4c749d6). Pretty unfortunate situation to be in for these apartment owners especially as it looks like the damage might be caused due to another construction site nearby. This incident along with opal tower incident will surely have a big impact on apartment prices in Sydney if not nationwide
+Just saw this [Article](https://www.news.com.au/finance/money/costs/real-estate-agent-reveals-hundreds-of-thousands-of-dollars-wiped-off-unit-values/news-story/96262d9d117f830f071ac101f4c749d6). Pretty unfortunate situation to be in for these apartment owners especially as it looks like the damage might be caused due to another construction site nearby. This incident along with opal tower incident will surely have a big impact on apartment prices in Sydney if not nationwide
+I have recently moved to the UK so I don't know very many people here and it gets lonely. I've been thinking of getting a pet to keep me company, more specifically a Golden Retriever since I absolutely adore them. While I do have a lot of time and patience to train/entertain him I'm not sure if I have the money to afford all of the expenses that come with owning a pet. I've heard different numbers from different people so I'm curious to hear from dog owners here how much do you spend on average on food, healthcare, toys, etc.
+I entered with 0dte sep 23 SPY calls near the green circle, and exited at the blue circle about 15 min later. Netted 20% profits, but missed out on almost 3x if I had stayed in longer. I feel that while I’ve been timing entries correctly for modest profits, I’ve consistently been exiting too early and missing greater profits for larger momentum plays. Any advice would be greatly appreciated, thank you!
+Before we get started, I want to point out a couple of things. First, this list is ordered by highest-lowest market value. Second, the pie chart below only accounts for the top 50 highest market value holdings. Third, this post was created using SEC 13F filings. The SEC 13F filings list can be found \[here\]([https://whalewisdom.com/filer/bank-of-america-corp-de](https://whalewisdom.com/filer/bank-of-america-corp-de))
+
+​
+
+**What are SEC 13F Filings?**
+
+**TLDR;**
+
+>"The Securities and Exchange Commission's (SEC) Form 13F is a quarterly report that is required to be filed by all institutional investment managers with at least $100 million in assets under management. It discloses their equity holdings and can help smaller investors determine what the "smart money" is doing in the market. However, studies have found that 13F filings also have serious flaws and can't be taken at face value." For more info on SEC 13F filings, click \[here\]([https://www.investopedia.com/terms/f/form-13f.asp](https://www.investopedia.com/terms/f/form-13f.asp))
+
+\*13F filings are a valuable way of tracking the investment strategies of industry leaders
+
+\*13F filings can have issues with reliability and timeliness
+
+​
+
+[Made using Microsoft Excel](https://preview.redd.it/eqoqwux4l0771.png?width=1882&format=png&auto=webp&s=bc22b3aedcc96a17a5f2038afa63ebf5afc71940)
+
+**1. Microsoft (MSFT)**
+
+* Avg. Price- $77.20
+* Recent Price- $265.51
+* Percent Change- 244%
+* Market Value- $18,489,305,000.00
+
+**2. Apple (AAPL)**
+
+* Avg. Price- $26.52
+* Recent Price- $133.98
+* Percent Change- 405%
+* Market Value- $18,319,699,000.00
+
+**3. Ishares core s&p 500 etf (IVV)**
+
+* Avg. Price- $367.20
+* Recent Price- $424.66
+* Percent Change- 16%
+* Market Value- $18,136,369,000.00
+
+**4. Vanguard s&p 500 etf (VOO)**
+
+* Avg. Price- $322.88
+* Recent Price- $390.24
+* Percent Change- 21%
+* Market Value- $16,510,645,000.00
+
+**6. Ishares core msci eafe etf (IEFA)**
+
+* Avg. Price- $61.21
+* Recent Price- $75.48
+* Percent Change- 23%
+* Market Value- $15,903,776,000.00
+
+**7. Spdr s&p 500 etf trust (SPY)**
+
+* Avg. Price- $291.30
+* Recent Price- $423.11
+* Percent Change- 45%
+* Market Value- $13,678,086,000.00
+
+**8.** **Amazon** **(AMZN)**
+
+* Avg. Price- $1084.85
+* Recent Price- $3505.44
+* Percent Change- 223%
+* Market Value- $13,271,532,000.00
+
+**9. Vanguard value etf (VTV)**
+
+* Avg. Price- $94.48
+* Recent Price- $137.17
+* Percent Change- 45%
+* Market Value- $10,114,587,000.00
+
+**10. Vanguard growth etf (VUG)**
+
+* Avg. Price- $131.79
+* Recent Price- $282.33
+* Percent Change- 114%
+* Market Value- $9,737,276,000.00
+
+**11. Invesco qqq trust series 1 (QQQ)**
+
+* Avg. Price- N/A
+* Recent Price- $347.57
+* Percent Change- N/A
+* Market Value- $9,448,515,000.00
+
+**12. Ishares core msci emerging markets etf (IEMG)**
+
+* Avg. Price- $54.68
+* Recent Price- $65.92
+* Percent Change- 21%
+* Market Value- $8,796,016,000.00
+
+**13. Jpmorgan chase & co. (chemical bank) (JPM)**
+
+* Avg. Price- $75.72
+* Recent Price- $150.21
+* Percent Change- 98%
+* Market Value- $8,649,967,000.00
+
+**14. Ishares russell 1000 growth etf (IWF)**
+
+* Avg. Price- $113.52
+* Recent Price- $267.29
+* Percent Change- 135%
+* Market Value- $8,513,905,000.00
+
+**15. Alphabet inc. class a (GOOGL)**
+
+* Avg. Price- $851.29
+* Recent Price- $2446.61
+* Percent Change- 187%
+* Market Value- $7,698,029,000.00
+
+**16. Ishares russell 2000 etf (IWM)**
+
+* Avg. Price- $146.28
+* Recent Price- $227.91
+* Percent Change- 56%
+* Market Value- $7,561,403,000.00
+
+**17. Ishares mbs etf (MBB)**
+
+* Avg. Price- $107.86
+* Recent Price- $108.16
+* Percent Change- 0%
+* Market Value- $7,556,217,000.00
+
+**18. Vanguard information technology etf (VGT)**
+
+* Avg. Price- $154.90
+* Recent Price- $391.32
+* Percent Change- 153%
+* Market Value- $7,397,077,000.00
+
+**19. Vanguard ftse developed markets etf (VEA)**
+
+* Avg. Price- $39.67
+* Recent Price- $51.9
+* Percent Change- 31%
+* Market Value- $7,322,897,000.00
+
+**20. Vanguard intermediate-term corp bond etf (VCIT)**
+
+* Avg. Price- $89.47
+* Recent Price- $94.87
+* Percent Change- 6%
+* Market Value- $7,148,139,000.00
+
+**21. Ishares russell 1000 value etf (IWD)**
+
+* Avg. Price- $111.27
+* Recent Price- $157.51
+* Percent Change- 42%
+* Market Value- $7,107,040,000.00
+
+**22. Spdr bloomberg barclays 1-3 month t-bill et (BIL)**
+
+* Avg. Price- $92.12
+* Recent Price- $91.47
+* Percent Change- (1%)
+* Market Value- $6,057,581,000.00
+
+**23. Facebook (FB)**
+
+* Avg. Price- $152.13
+* Recent Price- $339.03
+* Percent Change- 123%
+* Market Value- $5,998,974,000.00
+
+**24. Visa (V)**
+
+* Avg. Price- $96.71
+* Recent Price- $235.93
+* Percent Change- 144%
+* Market Value- $5,755,558,000.00
+
+**25. Home depot (HD)**
+
+* Avg. Price- $110.50
+* Recent Price- $312.71
+* Percent Change- 183%
+* Market Value- $5,701,749,000.00
+
+**26. Johnson & johnson (JNJ)**
+
+* Avg. Price- $103.34
+* Recent Price- $163.62
+* Percent Change- 58%
+* Market Value- $5,460,420,000.00
+
+**27. Vanguard small-cap etf (VB)**
+
+* Avg. Price- $129.86
+* Recent Price- $223.69
+* Percent Change- 72%
+* Market Value- $5,217,101,000.00
+
+**28. Walt disney (DIS)**
+
+* Avg. Price- $100.17
+* Recent Price- $173.5
+* Percent Change- 73%
+* Market Value- $4,848,459,000.00
+
+**29. Cisco systems (CSCO)**
+
+* Avg. Price- $32.47
+* Recent Price- $53.26
+* Percent Change- 64%
+* Market Value- $4,705,786,000.00
+
+**30. Alphabet inc. class c (GOOG)**
+
+* Avg. Price- $939.81
+* Recent Price- $2539.99
+* Percent Change- 170%
+* Market Value- $4,619,341,000.00
+
+**31. Spdr s&p health care etf (XLV)**
+
+* Avg. Price- $80.82
+* Recent Price- $125.01
+* Percent Change- 55%
+* Market Value- $4,601,394,000.00
+
+**32. Texas instruments inc. (TXN)**
+
+* Avg. Price- $86.46
+* Recent Price- $187.04
+* Percent Change- 116%
+* Market Value- $4,553,135,000.00
+
+**33. Spdr consumer discretionary select sector etf (XLY)**
+
+* Avg. Price- $91.79
+* Recent Price- $174.86
+* Percent Change- 91%
+* Market Value- $4,525,438,000.00
+
+**34. Blackrock inc. class a (BLK)**
+
+* Avg. Price- $373.65
+* Recent Price- $864.76
+* Percent Change- 131%
+* Market Value- $4,473,539,000.00
+
+**35. Honeywell international inc. (HON)**
+
+* Avg. Price- $112.98
+* Recent Price- $215.49
+* Percent Change- 91%
+* Market Value- $4,257,512,000.00
+
+**36. Citigroup (C)**
+
+* Avg. Price- $75.32
+* Recent Price- $68.96
+* Percent Change- (8%)
+* Market Value- $4,224,671,000.00
+
+**37. Communication services select sector spdr fund (XLC)**
+
+* Avg. Price- $47.78
+* Recent Price- $79.88
+* Percent Change- 67%
+* Market Value- $4,119,368,000.00
+
+**38. Vanguard short-term corporate bond etf (VCSH)**
+
+* Avg. Price- $80.86
+* Recent Price- $82.65
+* Percent Change- 2%
+* Market Value- $4,088,258,000.00
+
+**39. Ishares russell mid-cap etf (IWR)**
+
+* Avg. Price- $40.02
+* Recent Price- $78.48
+* Percent Change- 96%
+* Market Value- $3,878,550,000.00
+
+**40. Chevron (CVX)**
+
+* Avg. Price- $92.23
+* Recent Price- $106.4
+* Percent Change- 15%
+* Market Value- $3,856,836,000.00
+
+**41. Ishares trust core s&p small cap index fund (IJR)**
+
+* Avg. Price- $67.25
+* Recent Price- $112.25
+* Percent Change- 67%
+* Market Value- $3,837,468,000.00
+
+**42. Ishares iboxx investment grade corporate bond fund (LQD)**
+
+* Avg. Price- $120.30
+* Recent Price- $133.78
+* Percent Change- 11%
+* Market Value- $3,694,523,000.00
+
+**43. Comcast corp. class a (CMCSA)**
+
+* Avg. Price- $28.66
+* Recent Price- $57.63
+* Percent Change- 101%
+* Market Value- $3,673,691,000.00
+
+**44. Broadcom (AVGO)**
+
+* Avg. Price- $230.69
+* Recent Price- $464.45
+* Percent Change- 101%
+* Market Value- $3,634,074,000.00
+
+**45. Nvidia (NVDA)**
+
+* Avg. Price- $178.94
+* Recent Price- $755.47
+* Percent Change- 322%
+* Market Value- $3,583,302,000.00
+
+**46. Verizon communications (VZ)**
+
+* Avg. Price- $48.71
+* Recent Price- $56.37
+* Percent Change- 16%
+* Market Value- $3,541,076,000.00
+
+**47. Procter & gamble (PG)**
+
+* Avg. Price- $79.79
+* Recent Price- $133.12
+* Percent Change- 67%
+* Market Value- $3,489,958,000.00
+
+**48. NextEra energy (NEE)**
+
+* Avg. Price- $32.37
+* Recent Price- $74.11
+* Percent Change- 129%
+* Market Value- $3,397,934,000.00
+
+**49. Pepsico (PEP)**
+
+* Avg. Price- $82.22
+* Recent Price- $146.78
+* Percent Change- 79%
+* Market Value- $3,376,926,000.00
+
+**50. Vanguard ftse emerging markets etf (VWO)**
+
+* Avg. Price- $43.33
+* Recent Price- $50.96
+* Percent Change- 18%
+* Market Value- $3,301,904,000.00
+
+​
+
+**Make sure to check in tomorrow for the next Bank of the Day Analysis!!**
+
+**We'll compare all the banks side by side at the end of the week!**
+
+​
+
+*Disclaimer:*
+
+*Bank of America does not invest their own money in these holdings. There is no guarantee that these holdings will have similar results in the future. This is not investment advice. Do your own research.*
+[https://www.cnbc.com/2021/01/04/haven-the-amazon-berkshire-jpmorgan-venture-to-disrupt-healthcare-is-disbanding-after-3-years.html](https://www.cnbc.com/2021/01/04/haven-the-amazon-berkshire-jpmorgan-venture-to-disrupt-healthcare-is-disbanding-after-3-years.html)
+
+how'd that go?
+Hey all, perhaps a stupid question, here. I have been finding myself more and more interested in investing recently, but I am hitting a bit of a wall in my understanding. I want to go out and buy guides and books, and keep track of financial news and actually, you know, *invest*, but whenever I read things such as [this](http://www.usatoday.com/story/money/personalfinance/columnist/2017/03/08/buffetts-best-investment-tip-everyone-index-funds/98525306/) where it is implied that even hedge funds cannot consistently beat the S&P...I wonder what the point is?
+
+I am not in this to get rich quick, but I do want the best way to accumulate money as possible (in 10, 20, 30 years, I mean) without having too much risk. I'm a fairly smart person - at a top 10 world uni for maths, so I *seem* to be okay at picking up stuff - but is that enough, even with practice and learning? Am I almost certainly better off investing in an index fund and not having to worry too much rather than spending time actively choosing stocks and other assets?
+
+Apologies if I'm using the wrong terminology or am just painfully ignorant on the matter.
+Evergrande total debt is $300bn - thats what they issued -
+
+Remember - Evergrande went to Chinese banks, issued bonds, then used proceeds to build a city, do this for 5 years - The cities were empty "Ghost Cities" and now someone has to pay - (FYI Evergrande had some big tourist spots that died During the shut downs and this Ironically screwed them)
+
+Over the last 5 years these bonds were sucked up by institutions around the world - (I don't have the time right now, but UBS, GS, you name it, a lot of these guys are in there)
+
+Today the bonds trade around 30 cents on the dollar - F#k me... So the $300bn is really worth less than $100bn - thats right - If Evergrande bonds are trading at 30 cents on the dollar then $200bn has been wiped off the bond mkt value -
+
+You guys thought Archegos was big? Archegos was $5-20bn and Evergrand bond's are down $200 bn currently - this is bigger than big, put ur neck brace on -
+
+EDIT
+
+[https://www.bondsupermart.com/bsm/bond-factsheet/XS1580431143](https://www.bondsupermart.com/bsm/bond-factsheet/XS1580431143)
+
+Any Ape with blomberg access go to the bond and get holdings "HLDS" - lets dig deeper and see who owns these sucker lmayo
+
+moon soon -
+​
+
+https://preview.redd.it/qloptvd5t2671.png?width=1426&format=png&auto=webp&s=454fe0f79999069749c516ed8717e94e1866642e
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Today's Recap 📈
+
+# $GME Closing Price: $213.82
+
+​
+
+Open Price: $220.18
+
+Daily High: $223.49
+
+Daily Low: $213.00
+
+Volume: 4.28 MM
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# 🖍🍎🚌GME 101🚌🍎🖍
+
+​
+
+*If you're new to Superstonk, start here!*
+
+​
+
+[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. 🦍🤝💪
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Superstonk Community Award Contest!- Deadline Sunday!
+
+**text and awesome artwork by** [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)
+
+​
+
+https://preview.redd.it/n0hga459t2671.png?width=1000&format=png&auto=webp&s=9b7e95759f9e931cb541e65e84aefe9426a10811
+
+# What are Community Awards?
+
+Regular "awards" are purchased with **Coins**, a mechanism of Reddit that ultimately requires real money to purchase packs of coins that can then be spent on awards for posts and comments. [r/Superstonk](https://www.reddit.com/r/Superstonk/) does not receive any money when they are purchased, but it does receive Coins when users gift Community Awards.
+
+>Community Awards are unique to each community, and members can give them to each other. Moderators can design and name the Awards however they want.A portion of Coins from Community Award purchases will be deposited to the community’s Coin balance. Moderators can use Coins from that balance to reward members with Mod Awards. The Coin balance is shown only to moderators in the community’s sidebar.
+
+Moderators do NOT have access to the [r/Superstonk](https://www.reddit.com/r/Superstonk/) coin bank other than to give Community Awards on this sub to quality posts and comments. Moderators do NOT receive any coins personally, and only certain mods with permissions can access the coin bank for this purpose.
+
+**Community Award:** Any user can gift this award for an amount of Coins (min. 500) to a post or comment. Each of these awards will also gift Coins to [r/Superstonk](https://www.reddit.com/r/Superstonk/) itself, allowing mods to give mod-exclusive awards. For example, a 500 Coin Community Award also gives the subreddit 100 Coins.
+
+**Mod-Exclusive Community Award:** These awards are purchased using the Coins available only to mods from the [r/Superstonk](https://www.reddit.com/r/Superstonk/) Coin bank, and give a certain amount of Reddit Premium to the recipient. For example, a 1800 Coin Mod-Exclusive Community Award will grant one month of Reddit Premium.
+
+*Reddit Premium gives 700 monthly coins, access to Premium Awards, and more. Learn about it here:* [*https://www.reddit.com/premium*](https://www.reddit.com/premium)
+
+Currently, we have two Community Awards: the **Superstonk Award** (500 Coins, giftable by members), and the **Not-A-Cat Golden Bananya Award** (1800 Coins, giftable by mods only).
+
+​
+
+[ Ape Not Fight Ape, unless for top prize! ](https://preview.redd.it/qu1bovcbt2671.png?width=1000&format=png&auto=webp&s=90e30b0607a2d5dc049ec2783446ef5ca5f92743)
+
+# Award Contest
+
+We ask you, [r/Superstonk](https://www.reddit.com/r/Superstonk/) members and lurkers, to use your best design skills to create award icons that we can then place into the Community Awards. You will need to think of a great name, too, but note we must keep it (mostly) family friendly. We are limiting to one design/name per submission, so make it good!
+
+**The top eight designs will be made into the following awards:**
+
+* **5th-8th:** Community Award (cost: 500 Coins, 100 to [r/Superstonk](https://www.reddit.com/r/Superstonk/))
+* **4th:** Community Award (cost: 1000 Coins, 200 to [r/Superstonk](https://www.reddit.com/r/Superstonk/))
+* **3rd:** Community Award (cost: 2000 Coins, 400 to [r/Superstonk](https://www.reddit.com/r/Superstonk/))
+* **2nd:** Mod-Exclusive Award for 1-month Premium (mod cost: 1800 Coins)
+* **1st:** Mod-Exclusive Award for 3-month Premium (mod cost: 5400 Coins)
+
+Additionally, **1st and 2nd place will receive FOUR of the new 3-month Premium mod-exclusive awards** on their top posts and/or comments, **3rd and 4th place will receive ONE of the new 3-month Premium mod-exclusive award**, and **5th, 6th, 7th, and 8th place will each receive ONE of the new 1-month Premium mod-exclusive award**. This will effectively win you Coins and Premium membership, as well as serious clout from designing an official sub award.
+
+To submit, please follow the guidelines below.
+
+​
+
+[Welcome to the Jungle](https://preview.redd.it/cuqvmaset2671.png?width=1000&format=png&auto=webp&s=9bd18819a16ccebcd1e0b23d3e98bf60a96bf8f9)
+
+Submissions must adhere to the following:
+
+* Image file attached to email with these attributes:
+   * **Design Image**: PNG with alpha layer (or) animated GIF with alpha layer
+      * If a gif, we cannot guarantee it will work in our bracket system (will try)
+   * Must be square crop (1:1 ratio)
+   * Width and height should be equal, and at least 512px
+   * File size limited to 2MB
+* **Name of Award** (Appropriate Titles Only; otherwise we will change it)
+* **Username of Artist** (must have history on [r/Superstonk](https://www.reddit.com/r/Superstonk/) without Ban)
+* One submission per user
+* Rules must be followed; NSFW or improper designs/titles will be disqualified
+* **Designs must be original content**, or created by submitter; no copying from Google Images or stealing others' work
+* (optional) **Include a hyperlink to the image** as backup (i.e. Imgur)
+
+# PLEASE FOLLOW THESE 👆 REQUIREMENTS OR YOUR SUBMISSION WILL BE REJECTED.💎 Send submissions to [superstonk\_mods@protonmail.com](mailto:superstonk_mods@protonmail.com)
+
+*We will not accept awards tagged in posts, sent by Message or Chat, or over Discord. We encourage you to* ***create a separate email*** *if you want to remain anonymous, but we will not release any details regarding the submissions process, other than the username provided during submission.*
+
+# 💎 DEADLINE - Sunday, June 20 @ 4:00 p.m. EST or 120 total submissions received
+
+Timezone Deadlines: 1:00 p.m. PST / 2:00 p.m. CST / 4:00 p.m. EST / 10:00 p.m. UTC / 6:00 a.m. AEST
+
+We reserve the right to deny any images that do not meet these requirements. The contest will remain open until we receive 120 entries or until the deadline; whichever comes first. If you are late with submission, or if the contest closes due to the limit, you will sadly not be included. The early ape gets the banana!
+
+*By submitting your design to this contest, you are agreed to allow the subreddit* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *to use it for a Community Award image, without end date, and the design will remain a part of* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *in this context indefinitely. The subreddit will not claim any copyright over the designs submitted, or use them for any other purpose.*
+
+​
+
+https://preview.redd.it/r2f6tiuit2671.png?width=1000&format=png&auto=webp&s=a28682a618bff44ab6e01914ec3e291b4cda5459
+
+# TLDR: Make some awesome designs and send them in. The first 120 submissions will be included in the contest, if submitted by the deadline, and the top eight will win mod-exclusive awards (Reddit Premium) and have their designs featured as official [r/Superstonk](https://www.reddit.com/r/Superstonk/) awards.Thank you again for participating in the contest and good luck, apes!
+
+​
+
+back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 🐈🦄
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Community Spotlight- DD Reads for the Weekend
+
+* [The naked shorting scam in numbers part deux: Up to date FTD, ETF, SI, Options & Dark Pool Data. GME is the shorted to shit unicorn that can never happen again.](https://www.reddit.com/r/Superstonk/comments/o14ccz/the_naked_shorting_scam_in_numbers_part_deux_up/) By u/Broccaaa
+* [The Bigger Short. How 2008 is repeating, at a much greater magnitude, and COVID ignited the fuse. GME is not the reason for the market crash. GME was the fatal flaw of Wall Street in their infinite money cheat that they did not expect.](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/?utm_source=share&utm_medium=web2x&context=3) By u/Criand
+* [Clarification of when GameStop will issue a press release stating the ATM Offering is complete, sale price max, maximum offering, update on outstanding shares, the reason why MarketWatch and Ortex differ, and other Form 424B5 goodies with highlighted pictures!](https://www.reddit.com/r/Superstonk/comments/nxkuvw/clarification_of_when_gamestop_will_issue_a_press/) By [u/Squashua1982](https://www.reddit.com/user/Squashua1982/)
+* [What's the Deal with Reverse Repos anyway? DD Part 1.2 Post Fed Meeting Update](https://www.reddit.com/r/Superstonk/comments/o28xhx/whats_the_deal_with_reverse_repos_anyway_dd_part/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) By  [u/memebetch6969](https://www.reddit.com/user/memebetch6969/)
+* [Watch the Documentary Inside Job](https://youtu.be/XBZfsb7OO_k) (link is to trailer.. I don't want to spam any pirate links. Apes will find a way!)
+
+​
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# RRPs Breaking Records, Banks Going Long on $ROPE, the Feds Printing Money and Kicking Cans... Quad Witching Day (triggered)
+
+​
+
+https://preview.redd.it/r54sb1mkv2671.jpg?width=770&format=pjpg&auto=webp&s=c4fe9adf8f8e30afed6e6663cd4133a0e14cd870
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# It's Flair Friday, but Everyday is Kinda Flair Friday...
+
+I started doing the Flair Friday thing with the daily posts back when I was filling in for the morning update and it was a fun way to connect with you guys since I don't get to hang out in the comments of my memes with you any more. It has grown to now becoming one of the most popular aspects of the Jungle Beat posts, which I love! I really enjoy coming up with mayonnaise-laden puns and emoji scrambles for each one of you, though I don't think I've ever gotten to the end of the comments list, even when I lock them. I do try to work on them in spare time but what is spare time anymore....
+
+​
+
+Please don't be discouraged or think I'm ignoring you if you have repeatedly asked and yet to receive your flair! I have been getting flair comments every day this week which I don't mind, as long as you all understand that I will get to as many as I can!! I love you all and don't want anyone to feel left out or overlooked! I WILL GET TO YOU I PROMISE, EACH ONE OF YOU IS AWESOME AND DESERVES A CUSTOM FLAIR!! 💖💖💖
+
+​
+
+Drop a comment with your desired flair!
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# A note from your friendly local Pink Cat ✌💖🐈
+
+​
+
+It's been a wild few weeks.. or, months.. (years? What decade is it?) This has been a crazy journey and I want to take a minute to check in with the group. Everybody has been go-go-going.
+
+The media is everywhere (**MSM** for those wondering wtf that acronym means- **M**ain **S**tream **M**edia) and it seems that they are trying to paint a picture of collusion on the $GME stock and others (which they deem "meme" stocks which at this point is borderline weaponized against us but I digress) and I know there is a general air of concern around the entire community. I'm just reassuring you guys. This gal right here and the whole mod team, are making sure to keep the sub a very tightly run ship. No fuck-ups allowed. The hedgies and their bought MSM platforms are trying, desperately, to gain access to the fortress of our City of Athens, and the walls remain steadfast. This will not change for the foreseeable future.
+
+​
+
+I want everyone to seriously take a mental health break from all this whenever you can. 
+
+​
+
+[me @ me rn](https://preview.redd.it/556n4iyf23671.jpg?width=250&format=pjpg&auto=webp&s=dae16d0caf1068f5f8447c1c2b35e4d0cc37b196)
+
+​
+
+Drink plenty of water. Go for a walk. Go call an old friend, or your mom. Kiss your kids forehead and read them a book. Cook dinner with your spouse, meet up with online friends for a game, go for a drive.... just get your headspace out of Superstonk every once in a while and remember to take care of yourself physically and mentally. They don't call it a Long position for nothing ;)
+
+​
+
+I want to thank all of you apes for continuing to be awesome and excellent to each other and growing this community into the beautiful space it is today. You all deserve this seat here. I'm honored to be on this rocket ship with you all. 💖
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# We Like the Company! We Support the Company!
+
+​
+
+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;
+
+* [**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 LinkedIn**](https://www.linkedin.com/company/gamestop) **💼**
+* [**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/) **💎**
+
+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)
+
+**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"***
+
+​
+
+https://preview.redd.it/o965ziqj13671.png?width=1600&format=png&auto=webp&s=e02d29f133802a4f7d15a814b2e8f400ddafee19
+I received notification from a Chinese finance news app. Although Chinese government has been opposing crypto transaction for years, it’s quite vague. The tone of wording this time is quite strong, like punishing on such activities. Before, they only said such activities are not allowed.
+I think it could explain why all cryptos are dipping at the same time. Perhaps all the investors, especially institutions, are dumping their coins.
+Also, I believe Musk must have known such sanctions were in progress, that’s why he stopped Bitcoin transaction for Tesla to kiss the Chinese government ass. That’s a huge market for Tesla, and electric car companies are rising in China.
+Unsure if this is appropriate here, but it seems to fit…
+
+I’m a single 36M no kids, so there’s no one else to worry about but no support either…
+
+I’ve got at least 6 months of an EF, and can stretch to close to a year by tapping things like vacation funds and lowering lifestyle…
+
+Slowly been accumulating non perishable food and other necessities that don’t go bad while I still have income…have been looking into health insurance as an unemployed individual, but am unsure what else I should be trying to account for…
+
+I’ve got a college degree and a decade of retail management…so while I do feel confident I could find something, even if just part time, I do want to consider this could be a 3-4 month process…
+
+Thanks…
+
+
+
+Edit: thanks to all that have responded, way to many to get back to, though I’m trying…
+
+You’ve all definitely given me a lot to think about and more importantly many have made me feel encouraged…
+My wife are truly on the fence about having kids. We see the pros and cons of both sides, and I'd love to get some thoughts from all of you who may be further along the journey than us. Granted, FatFIRE isn't our primary goal in life but it is a marker that we're striving for... and I'm curious how having or not having kids affected your path.
+
+**For those of you WITH kids**: how was your FatFIRE journey affected by having kids? Anything you would do if you could go back in time and adjust the timing of when/if you had kids? Any pearls of wisdom you'd like to share?
+
+**For those of you WITHOUT kids**: does a part of you wish you had kids? how has your life evolved, for better or worse, compared to your peers who do have kids? Any important takeaways from your decision to not have kids?
+In my middle class upbringing, a beach house was always one of the signs that a family had "made it".   Growing up in the mid Atlantic and about three hours inland, we went to the beach for the requisite week per year and that was that. If we were lucky, the trips would overlap with other cousins and such. I look back on those trips very fondly.
+
+I'm at the point now where I can afford a beach house (or at least a nice beach condo) for my family, and I feel this pressure reaching back from my childhood that this is something I should have now that I've "made it".  
+
+My question is, what do you do at a beach house?  I know this is a stupid question on the surface, but I have a hard time believing that building sandcastles and jumping the waves keeps its novelty throughout an entire summer?  My kids are 11 and 9.  How often are you going out for ice cream?  Playing putt-putt?  If you're not doing those things, does it really matter if you're in a house at the beach?  
+
+Just curious to know what value others find with their beach houses beyond the typical "sandcastles/putt putt/ice cream" stuff.
+From the top: BUY, HODL, VOTE. Apes don't fight apes, my post is meant to search for clarity, not to attack. This is not financial advice.
+
+Alright now gonna fight for my fucking wrinkles here.
+
+​
+
+I've been getting bothered by [this post](https://www.reddit.com/r/Superstonk/comments/np6f78/citadel_has_been_filing_form_d_amendments_and_ill/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) since I read it in the Morning News. Something seems off about its lack of a real analysis. It simply dismisses any reason to analyze since it is just something that happens every year. 
+
+**What makes OP an authority on the subject other than they are telling us they are.** 
+
+# What is Form D
+
+ u/FilingAgentMan gives his definition for Form D as follows:
+
+https://preview.redd.it/klw70mf09p271.png?width=758&format=png&auto=webp&s=fed6b38bc84937d6a42659d1d307b22af933c2fb
+
+How does his definition differ from the definition provided by our lovely investopedia.
+
+​
+
+[https:\/\/www.investopedia.com\/terms\/s\/sec-form-d.asp](https://preview.redd.it/ewa0ixczyo271.png?width=650&format=png&auto=webp&s=1028392dddb14c30dda75b1975a5fba01b8da594)
+
+Why does he never mention exemption. His definition is missing key aspects of Form D's function which is in my opinion a **Red Herring.** OP is implying they are selling them unregistered through Form D to save money. This is simply one half of the function of Reg D.
+
+​
+
+https://preview.redd.it/nw1jm4mgfp271.png?width=507&format=png&auto=webp&s=06c53d2dc20106c1d4cbb82cf10be7cd99d971b6
+
+Reg D sure seems fairly complicated and u/FilingAgentMan really glosses over a lot of the purpose of these filings. **Reg D provides an exemption for companies to sell unregistered securities privately. By directing our focus away from the anonymity that Form D provides, this post successfully pulls the curtains over any value apes could deduce from the documents.**
+
+I haven't seen anymore serious viewing of these documents after his post. I don't believe this is a coincidence. 
+
+Also did you see where it says Reg D is almost always used by small companies to avoid larger costs associated with larger filings? First off the idea of them saving money seems pretty stupid considering their current march to the grave. And once again I ask, why are they even filing these? **Is Citadel a small company?**  [Whale Wisdom](https://whalewisdom.com/filer/citadel-advisors-llc#tabsummary_tab_link) places Citadel's market value at $400B while all I can find on Google is $35B. They aren't a small company and all of us know that here. So far Reg D appears to me as the SEC's flimsy and worthless attempt to shed light on **Dark Pool Trading. I can't find any evidence of why Citadel is even filing this form unless it is the minimum required filing to continue their Dark Pool bullshit.** 
+
+My point here is that while there are probably thousands of these suckers filed a year and may mostly be irrelevant, without even dissecting the documents themselves, it is unusual that they are being filed in the first place. 
+
+(I've been riding this train since the beginning of February and I'm not remembering us discussing this topic in a substantial amount. If  DD has been made explaining or discussing Form D filings or Reg D please correct me.) 
+
+​
+
+# 5/28/21 Form D Filings Section 13
+
+**11 of these filings occurred on 5/28 and 8 of them state that total amount sold was all Assets Under Management (AUM).**
+
+[Link to filings](https://www.sec.gov/edgar/search/#/q=%2522CITADEL%2522&dateRange=custom&category=custom&startdt=2021-03-31&enddt=2021-05-31&forms=D)
+
+​
+
+[Citadel Wellington LLC](https://preview.redd.it/8mjudzasgo271.png?width=648&format=png&auto=webp&s=45607c8b8f382185df79b13248555a223bb8b6bb)
+
+​
+
+[Citadel Tactical Trading LLC](https://preview.redd.it/yx5w0u7ygo271.png?width=631&format=png&auto=webp&s=1ce5a310ad22002d56fe819cef2238665cb1dae2)
+
+​
+
+[ Citadel Global Fixed Income Fund LLC ](https://preview.redd.it/3kbym974ho271.png?width=632&format=png&auto=webp&s=ef4fdc3202bb1c98a7cff4a8d1068d442eaa9b0c)
+
+​
+
+![img](tl4q271cho271 " CITADEL TACTICAL TRADING LTD
+ ")
+
+​
+
+![img](7c43226lho271 " Citadel Kensington Global Strategies Fund Ltd.
+ ")
+
+​
+
+![img](6cjszzkoho271 " CEIF LLC
+ ")
+
+​
+
+![img](kgly56srho271 " Citadel Global Fixed Income Fund Ltd.
+ ")
+
+​
+
+![img](6k9gyhaxho271 " CEIF Partners LLC
+")
+
+If I'm wrong, awesome.   u/FilingAgentMan 's post ignores these details in their entirety and I fully believe that it is FUD. This information correlates with the giant sell off of stocks that Citadel was holding long in the after hours on 5/27. Here are some quick screenshots to remind you apes. 
+
+​
+
+[GOOG 5\/27](https://preview.redd.it/cqtlq2vxjo271.png?width=1595&format=png&auto=webp&s=fca8ed2342916e5a97e38a77da31a33ec95739fb)
+
+​
+
+[AMZN 5\/27](https://preview.redd.it/d23go7qvjo271.png?width=1578&format=png&auto=webp&s=e2c51922dacfae8f22977b63f5d0fa6020899e60)
+
+Wouldn't it make sense if they sold off large amounts of shares on 5/27, then had to file these forms due to regulations, and subsequently used those funds in an attempt to tank GME (5/28 it dropped only $40 cause they're weak bitches).
+
+# Previous Filings
+
+Like I said these filings could totally mean nothing. I went ahead and decided to look at the previous year's filing of the same form since by  u/FilingAgentMan**'s logic they should show the selling as either inconsequential or not worth the wrinkles.** 
+
+The comment on Citadel's filings for the sale being all AUM appears on 6 of their 11 filings in 2020. 
+
+​
+
+**Citadel Global Fixed Income Fund LLC   $56,742,408**
+
+**CITADEL TACTICAL TRADING LLC    $44,039,054**
+
+**Citadel Wellington LLC   $1,393,099,061**
+
+**Citadel Global Fixed Income Fund Ltd.  -$45,177,822**
+
+**Citadel Kensington Global Strategies Fund Ltd. $3,307,300,701**
+
+**CITADEL TACTICAL TRADING LTD   $47,570,361**
+
+CEIF Partners LLC  $1,427,351,464
+
+CEIF LLC  $398,988,783  
+
+
+Each that are bolded appear with the AUM comment on both years, which partially diminishes the argument I've been making, but by looking closely it does prove my point that deeper analysis should be given!  To the right of each entity I put a number that shows the change in amount sold from 2020 -> 2021. Only 1 actually sold less. 
+
+# From these 8 entities they sold an additional $6,629,914,010 from last year.
+
+**Is this important information?** I'm not entirely sure at this point what constitutes important information. I just don't like people telling me things aren't important without valid claims and evidence refuting it. 
+
+That's a large number, and should at least indicate Citadel's desire for more liquid funds. Doesn't have to indicate liquidation to indicate they are having problems, please keep that in mind.
+
+​
+
+(Quick sidenote only 5 entities from 2020 and 2021 I do no mention here. Citadel Candlestick EIF LLC was filed in both years, but there was no change in value. The other 4 are Citadel Global Equities Fund II LLC / Citadel Global Equities Fund II Ltd. / Citadel Equities Fund LLC / Citadel Equities Fund Ltd.) 
+
+​
+
+# The Questions I Pose
+
+1. Why are we so willing to chalk the Form D Filings up as being a **waste of time**.
+2. Why should we view fellow apes who simply define themselves as an authority on a subject as being correct **without the proper research and evidence to back up their claims**.
+3. Why is Citadel filing these forms if not to hide the inner workings of their fraud.
+
+# Problems with my argument:
+
+1. My claim that they sold on the 27th and filed the following day could be coincidence since this could be from sales as far back as 5/12/21.
+
+https://preview.redd.it/66mfoswpzo271.png?width=615&format=png&auto=webp&s=ceca8c20a7b10042a7b41806f76e4ce70800addf
+
+2.  AUM comment appears on 6 out of 8 filings in both 2020 and 2021 indicating this may be BAU
+
+3.  I might be a fucking idiot
+
+​
+
+# Closing Thoughts
+
+In this post I just wanted to explore that there is depth to these documents and may hold information for a good wrinkly brained ape. I dont know, but I also know u/FilingAgentMan chose which parts of Reg D to discuss in his post instead of defining it in its entirety. I view this as a Red Herring that has so far been successful.
+
+Edit: Love you rensole if you’re reading this, thanks for pushing people to write dd. I def wouldn’t have otherwise
+
+Edit 2: I want to clarify some facts really quick. I never refer to u/AgentFilingMan as a shill. I said he may be spreading misinformation. 
+Regardless he shows several red flags. 
+​
+-Acct is only 71 days old and he only has been able to post on superstonk for 11 days. 
+
+-Making claims being an authority on a topic without immediately providing evidence- almost like being defensive without being attacked yet.
+
+-What’s with his job? He converts PDFs all day? One hell of a job if you ask me**
+
+-Why did he slip in his opinion that the docs were worthless in the tl;dr without even expanding upon why they might be a dead end. Real apes say what the fuck do I know, this may be some great shit so let’s talk. 
+
+And even after I’ve said all of that, I have no definitive proof he is actually FUD. Evidence means everything and I’m seeing more evidence leaning towards misinformation therefore I say FUD. If someone wants to prove me wrong or u/FilingAgentMan wants to confirm his identity with mods, I will gladly edit and remove said claims.
+As major indexes continue to rise toward last year’s records, investors say they are increasingly wary of missing further gains
+
+Optimism about trade talks and the Federal Reserve’s signaled halt to interest-rate increases propelled the S&P 500 to its best quarter since September 2009, even as investors wrestle with issues ranging from slowing global growth to uncertainties surrounding Brexit. As the rally has continued, powering major indexes toward last year’s records, investors say they are increasingly wary of missing out on further gains.
+
+Stocks quickly stabilized last week after longer-term Treasury yields fell below those on shorter-term debt, a development known as an inverted yield curve that often presages a recession. The shift rattled markets briefly earlier in the month, but the Dow Jones Industrial Average ended the quarter with a 1.7% weekly advance. One reason for the recovery: investors’ wagers that a U.S.-China trade agreement will stabilize the world economy, boosting corporate earnings.
+
+Ed Leventhal, a 58-year old who manages a family investment office in New York, said he has been buying shares of some companies hurt by trade tensions such as Ford Motor Co.
+
+“There’s no question we’re going to get some resolution to this,” Mr. Leventhal said. “There’s reason to believe that the U.S. economy will continue to do well.”
+
+Investors this week expect to monitor trade discussions that could further swing markets, with U.S. and Chinese officials meeting in Washington. Manufacturing data and retail sales figures could also shift expectations for U.S. growth.
+
+Many are also looking ahead to earnings season, which begins in earnest at the end of next week with reports from JPMorgan Chase & Co. and Wells Fargo & Co. S&P 500 companies are expected to report their first decline in quarterly profits from a year earlier since 2016.
+
+Despite downbeat earnings projections for the January-March quarter, some investors have already grown increasingly optimistic following the Fed’s cautious shift. After investors pulled money from U.S. stock mutual and exchange-traded funds at the start of the year, more than $25 billion flowed in during the week ended March 13, the largest weekly inflow in a year, according to EPFR Global.
+
+Investors withdrew money from such funds again during the weeks ended March 20 and 27, but they still increased their allocation to both stock funds and stocks in February, according to an American Association of Individual Investors survey. More than 80% of active traders say it is a good time to invest in U.S. stocks, a Charles Schwab survey found.
+
+Some analysts say greater investor demand for stocks could join robust corporate buybacks in supporting major indexes. S&P 500 share repurchases in the fourth quarter rose to a record $223 billion, a 63% increase from a year earlier, according to S&P Dow Jones Indices.
+
+Buybacks make corporate profits appear stronger by lowering the number of shares outstanding, buoying per-share earnings beyond strong profit growth.
+
+Some analysts remain confident stocks will rise even though the Fed recently lowered its economic growth projections for 2019. In response to the slowdown, the central bank signaled it likely won’t raise interest rates this year. Treasury yields, which fall when bond prices rise, have slumped to their lowest level in 15 months following the Fed statement.
+
+At the same time, several said growth is slowing but sturdy, and a pause in interest-rate increases could still lift major indexes.
+
+“There is that fear of missing out, which along with a tempered Fed creates the belief that we’re not going to be retesting those December lows,” said Leslie Thompson, managing principal at Spectrum Management Group.
+
+Ms. Thompson said she has been buying shares of companies that pay higher dividends such as Darden Restaurants Inc., as well as technology stocks like Apple Inc.
+
+After another weekly advance, the S&P 500 is up 13% for the year and sits just 3.3% below last September’s all-time high. Some analysts have been caught off guard by the durability of the early-year rally because S&P 500 companies are expected to report a nearly 4% drop in first-quarter earnings from a year earlier, according to FactSet.
+
+Sectors that have led the market, such as technology, are expected to report double-digit percentage earnings declines. Even cyclical stocks tied to the health of the economy such as industrial and energy shares continue to power markets higher as growth slows, an illustration of the conflicting signals being sent by stock and bond markets.
+
+Craig Hodges, portfolio manager for Hodges Funds, said he has been buying shares of faster-growing technology companies such as Twilio Inc., in addition to beaten-down materials firms including Commercial Metals Co.
+
+“To me the backdrop is still pretty good,” Mr. Hodges said. “There have been a lot of excuses for the market to go down and it really hasn’t.”
+
+With earnings estimates falling even as stocks surge, major indexes have gotten more expensive relative to companies’ earnings for the next 12 months. The price/earnings ratio of the S&P 500 based on profit estimates for the next year, a common valuation measure, just logged its largest one-quarter increase since June 2009, according to a Dow Jones Market Data analysis of figures through Thursday.
+
+Still, some analysts say current valuations are appropriate following the fourth-quarter selloff and swift recovery. The steady nature of this year’s gains also continues to placate nervous investors.
+
+The S&P 500 fell more than 1% in a session just three times in the first quarter, minimizing the outsize gyrations that made market observers so anxious late last year.
+
+“People are trying to get really aggressive now,” said Benjamin Lau, chief investment officer of Apriem Advisors. “Clients do not want to miss out on the upswing in the market…The hard part is keeping their expectations in check.”
+
+
+https://www.wsj.com/articles/fear-of-missing-out-pushes-investors-toward-stocks-11554030001?mod=mhp
+I’m disappointed too, nothing surprised me yesterday. Corruption, lies, clueless fucks getting bought off, we already knew this. 
+
+We’re still in the game and need to stay focused on what’s really important, the stock. 
+
+Some apes mentioned they don’t want to bring politics into the sub, there’s an argument for both sides there. I don’t have an opinion just yet, but if it has to do specifically with gme then it’s fair game no?
+I'm seriously looking to get better at day trading and swing trading but sifting though the people who are trying to sell something can be tedious and time consuming. I've been trading for about a year with limited success but I feel as if I have a lot to learn. I'm looking for achieved videos and current streams of successful traders who preferrably stream daily, but that isn't a necessity.
+
+Who do and/or have you guys watched that have helped you become regularly profitable? Any info would be greatly appreciated! Thanks and happy trading!
+My wife and I work in tech, no kids, and get paid high salaries, RSUs and NQSOs that vest over 4 years. Between us we're in the top tax bracket.
+
+It seems that business owners and folks like Trump pay extremely little in taxes, whereas I'll be paying at least my fair share. I pay a CPA to do my taxes, but I feel like he finds more places where I owe extra tax than he does finding tax deductions for me.
+
+I get the feeling that there is very little secret stuff I can do to maximize the income I get to keep aside from the basics like using retirement accounts, using the HSA purely for investments, doing tax loss harvesting for equities, etc. I already live in a state without state income tax and own a house with a good mortgage.
+
+Maybe I can open a small sole proprietorship and deduct a few more things if I run a simple side business selling e-books or some such nonsense, but other than that am I missing any good creative ideas? I'm planning to retire abroad, but I don't think that helps with taxes on all these RSUs and NSQOs. 
+
+I'm looking for some sort of advisor who can help, but from my reading I think there's nothing else significant to do; the big tax breaks seem to be for folks like Trump and other large business owners. Giving away extra money to charity obviously doesn't help the bottom line.
+
+Am I missing anything?
+There’s been a lot of discussion around downturns and severe corrections upcoming in the markets. Would anyone ever consider early withdrawal to protecttheir savings, especially with the COVID rules passed around decreased penalties, or are there other ways to adjust an account to help it better weather the storm?
+So I'm reading all the doom and gloom about US recession, interest rate hikes, housing market dropout.  Tough times ahead.
+
+My situation is I am early 40s and just paid off my home.  I plan to live in it for a long time.  I am also at the point where I now have extra disposable income which I will invest in shares.  I would also like to buy a holiday home.  Both my wife and I have reasonable jobs with security.
+
+The reasons I am excited:
+
+-investing when the market is down means more growth potential.  I plan to buy and hold.
+
+-housing prices falling don't affect my primary residence as I don't plan to sell.  I want a holiday home so that works for me.
+
+-having money in the bank for me at the moment does nothing.  If interest rates go up then it's good for me?
+
+-i don't spend much on stuff.  Not because I'm tight.  I just don't need much.  I don't need to drive much so fuel costs are not much of an issue (ride bikes!).  I don't go out to eat much as I like to watch what I eat.
+
+I'm not great with personal finance stuff.  Am I missing something?  Is there something around the corner I am blind to?  People are freaking out and I am excited (obviously not happy for people to suffer but that's another issue).
+
+I legitimately am confused as to whether or not I should be worried or my reasons for being ok with it is legit.
+I think some new investors are under the impression that ETFs are a "safe" way to invest, in the sense that there is little chance for loss. That's simply not true.
+
+[Rather than blab on, here's a good short discussion of this](https://www.bnnbloomberg.ca/investing/video/terry-shaunessy-discusses-eark-etf~2096966). The video starts with a question about [EARK](https://www.morningstar.ca/ca/report/etf/analysis.aspx?t=0P0001I4ER&lang=en-CA), but then moves into more general advice and a discussion of how some ETFs have become more niche, specialized, and narrow. Interestingly, the question about EARK was asked at the beginning of Dec 2021 when the price was about $24. It has since **dropped** to about $15.
+
+As always, do your research, and good luck!
+What % of your net salary do you give to charity? 
+
+I'm interested in what charities people give to, and how you decide which charities to give to. Do you use a website/platform that works out the most efficient use of your money? Do you give to research charities or aid charities? Do you research and plan your donations or give more to people you see asking for money or friends/colleagues raising money?
+
+I currently only usually donate ~£100 a year or so to friends/co-workers runs/hike's etc., I feel like I should be giving more, but it's hard to decide where would be most effective to donate.
+*Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.*
+
+*On June 2, 2022, the Company’s stockholders approved an amendment (the “Charter Amendment”) to the Company’s Third Amended and Restated*
+
+*Certificate of Incorporation to increase the number of authorized shares of the Company’s Class A Common Stock (the “Common Stock”) to*
+
+*1,000,000,000. The Charter Amendment became effective upon its filing with the Secretary of State of the State of Delaware on June 3, 2022.*
+
+EDIT: Plus the "Power to the Players" tweet by RC... maybe they voted for the splividend and we are at T-10? (SEC notification is 10 days)
+There are numerous occupations - investment banking, surgery, dentistry, and the upper reaches of the legal profession - where anyone with a semi-intelligent approach to money would be able to retire by their 40s, early 50s at worst. I know that there is a big difference between a family doctor and a surgeon; between a conveyancing clerk and a trial lawyer. For the sake of this discussion let's focus on the latter examples.
+
+They all have financial security. Yet why do so few dentists, surgeons, etc choose to retire early??
+
+Can anyone who is in such a field, or intimately knows someone in such a field, shed some light?
+
+So far I have three guesses:-
+
+1. Lifestyle inflation. This is an obvious culprit, but I doubt that everyone in these fields really has to own a beachside property plus ski chalet plus all the other things that would be required to outweigh their very substantial income. I don't think it can be this factor alone.
+
+2. Fear of losing professional esteem/professional identity. I guess if you are successful, you would want to keep all the prestige and satisfaction that comes with being successful and that you have worked for over the years. But then by the same token could you not have the same sense of esteem from simply being able to say to your colleagues: "I've run my race, I'm happy with it and I have better things to do, like spend time with my family"? Is that not a source of pride in itself, a way to say "I don't care about social norms" and separate yourself from corporate wage-slaves?
+
+3. Those who have the talent and work ethic to succeed are loath to let it go. This has been my observation of my colleagues. The best ones are usually driven by something greater than just financial security.
+
+Is it some other factor which compels high-earning professionals to keep working long past the point of financial security? I myself am an adherent to the FIRE approach, but I am finding that amongst my colleagues when I mention FIRE I just get quizzical glances and a "pats head" response, as if to say, "You're still young. When you actually reach your 40s, I bet you won't retire, even if you have the money to do so." 
+Hello!
+
+I just got debited out of my checking account $1.44 cents from a girl named Angela Singleton with her phone number attached to it. My checking is with Chase Bank. Apparently tons of people got this charge. Does anybody know anything about this?? Kinda sketch..
+
+Who else got it??
+
+EDIT - For everybody asking, I called Chase and they took care of it (I think). The charge was charged from my debit card so they canceled my debit card and am receiving a new one in the mail. Transfered all my money out of my account. Waiting until Chase closes my claim and then will close the account. Thanks for your help everyone!
+
+Edit #2: Someone said this in here but the only thing I use my debit card for is PayPal/Ebay for when I sell or buy something on Ebay. There's a lot of people in here saying they found the same charge because they saw this post. Those who found the charge, did you use PayPal/Ebay with that account??
+Tell me your annual rental income then what is your net after taxes, covering mortgage and maintenance stuff? What actually goes in your pocket? We are in the midst of buying a property the mortgage is 3600 and potential income minimum is 5400 a month.
+*The following is my opinion, NFA, Always, Always, Always do your own DD. It's just a good habit and the more people that do it, the less powerful Wall Street is.*
+
+So my problem with options has always been, how can anyone be sure they are being hedged properly. Please don't say the law, the law only applies after the fact.
+
+The way I see the situation is simple. We're blind, and the other side can see EVERYTHING. If this is survival, then nothing is off the table. So if they see someone buy a call that they know the person can't execute, no need to hedge. If they see someone buys enough calls that they can sell a bunch and execute one, they need to hedge one. Why? That's how I would do it if I was on the other side and survival was on the line. Pre-Jan it wasn't about survival. Post-Jan it is. Not to mention those pre-Jan options had strike prices at like 5-10-20 dollars. Everyone and their grandmother could execute.
+
+So it's not just being able to afford the premium, it's also being able to execute. Otherwise who on earth is going to call them out on not hedging? Do they HAVE to hedge or is it something they should do to cover their own risk? If they HAVE to, who is going to really enforce it? The only way to really enforce it is to execute on it. If that risk isn't there, there really is no risk.
+
+The other most important thing is time. That is the advantage MMs USED to have but now APES have it. It's why LEAPs make sense but weeklies or even monthlies don't. If there is one thing the last year should have taught everyone it's how important this element is. This is the key part of the script that has been flipped. Near expiry options give this up.
+
+Also, in my personal opinion, during MOASS, options are worthless. Don't expect to get any shares for your options. While Shitadel is getting liquidated, the last concern of theirs is going to be honouring options contracts. You can take it to court but in terms of rights, you're behind phantom shares in terms of what you're owed. That's what a derivative is. Get in line and good luck getting your payout from a bunch of liquidated parties in court. While the DRS and then the phantom shares start counting their tendies.
+As a data point, I'm 28. Between my wife and I, we probably have $130-140k invested today in the market. Reason I say that is because I've admittedly never experienced any sort of recession as a professional. My question is this...  I'm sure we've all heard the "greedy when others are scared, scared when others are greedy" mantra. Is this one of those moments? We are all in different places/ages in life, different investment strategies and investing for various reasons, **but am I crazy for seeing this as maybe my age groups buying opportunity of a life time?** Every day CNBC is absolutely filled with fear, for valid reasons. Most of my friends have went mostly cash out of fear, and I feel like I'm the only one buying an uncomfortable amount of stocks like Apple, Google, MSFT, NVIDIA, TGT and SPY (I have positions in all stated). My cash levels are the lowest they've ever been. I think I'm addicted to buying on red days. My wife I are both in healthcare, so job stability isn't the biggest fear of mine. I know no one can give certain answers, I'm not looking for that. I'm more looking for general advice from others that are older and have experienced similar eras as we are in today. Obviously the world we live in today is much different than 2008, and what we are experiencing is caused by different factors, but I'm sure there are some similarities. Maybe even some "should've, could've, would've" tips? Thoughts?
+Have 100 shares of tesla and considering selling a covered call. Never done this before
+
+Thinking of selling a CC for next Friday at $900.
+
+Current stock price $795
+
+The  only downside I see is if the stock rallies beyond 900 then I miss   potential profit but I still made the premium from selling the call and I   paid on average $800 per tesla share so will make $10k for the option   being exercised (80,000 spent on shares, sold for 90,000)
+
+what other downsides are there?
+I want to maximise the amount of money I'm putting into my investments whilst also retaining sufficient money in the bank for any large unexpected costs in the future. 
+
+I don't have any big purchases (Ie. house deposit or car) on the horizon. 
+
+So much cash do you have in the bank as a reserve?
+Hi.
+My company does RRSP matching so I have been taking advantage of that. And I noticed that it’s just cash sitting in my RRSP account. Looks like there are a list of investements that I can choose to invest. Anyone recommend investing with Manulife investing options?
+BoC cut can only do so much to protect the economy but with the oil taking a massive dump, what will the broader effect on our economy? I think housing prices will begin to correct following market contraction due to reduced activity from coronavirus and low oil prices dampening the Canadian economy
+Hello UKPF, so after a hard graft in my current job I decided it was time to leave, I got approached on LinkedIn about a job not knowing the salary but the job sounded interesting so I went for it. 7 Interviews, aptitude tests and presentation later I got offered the job with a starting salary of £75k.
+
+I'm only 25 so this is a life changing amount of money for me, especially coming from the armed forces where the salary isn't anything to shout about.
+
+I've been semi active on this sub for a few years now and following the flow chart but are there any specific tips for those n the higher rate tax band? The only one I've come across is claiming back tax on deposits into my SIPP.
+
+I have:
+
+S&S ISA
+
+LISA
+
+SIPP
+
+​
+
+If you have any advice on maximising my take-home/reducing my tax burden that would be greatly appreciated. Thanks guys.
+So today I was going to get my brake pads changed because they were squealing and I didn't feel like changing them myself because today's my only day off. Turns out over time there were problems with the discs that the dealer told me when I got the car that the problem was nothing and I would be completely fine the way it is. Turns out the rust and problems the discs had have led to holes being put in my discs and causing pretty much every part of my brakes on all 4 tires to need to be changed. I was quoted that it would be between 750 and 1000 dollars for parts and labor. 
+
+My current job is I'm a delivery driver and I have to work tomorrow so I can't just try and do it myself tomorrow and no one can cover shift plus I really need the money but don't want to drive on the road with an unsafe car any longer. if I could I would just trade the car in towards a new one but I still owe on it about what the car is worth. I'm 18 with little to know credit built up as well and can't really afford 2 car payments a month. I already planned on buying a cheap Honda Civic from a friend later this month to use as a delivery car but I can't wait that long now nor would I have the money after this repair, as well as I would be having to decide what bills to pay and what I can live without this month and probably live off ramen.
+
+ Neither of my parents has the money to help me either nor do either have a spare car or be able to lend me theirs for this week. The last option I have is my grandma is talking about me and her putting money towards a truck because she wants me to have one to help her out by moving stuff for her and helping her clear out her house so she can move but don't know if it would be best to just go buy a truck tomorrow and hate having to ask her for anymore help than she has already given me. I'm trying to weigh my options and decide what to do tonight if anyone has any advice to give it would be very appreciated!
+
+Edit 1: it's an 08 mustang, and hoping tomorrow to be able to take it to a family members shop so I can assess the damages myself. For tonight got an hour or so before work asking around about borrowing a car for tonight.
+So, I've been sampling 5different brokers over the last 2 years to figure out which one is best for thetagang.
+
+Before I give away my conclusion as to which one I like the best, I'd like to outline what features a good thetagang broker should have:
+
+* Should be easy to enter into multi-leg options orders.
+* Position adjustment should be easy, particularly rolling a strike up or down, or rolling an expiration date out.
+* Positions should be grouped by ticker with options positions arranged logically by expiration date and strike.
+* They should offer interest on cash, as your account should be rich in cash (who takes assignment?)
+* It should offer maximum flexibility for trading Options level 4, extended hours trading, and futures
+* It should have low commission rates, either free or negotiable based on volume.
+* It should have both good desktop and phone apps with easy learning curves.
+* It should have low margin borrowing rates, because of course you'll need to go short once in a while.
+
+​
+
+|Feature|TD Ameritrade|Tastytrade|Robinhood|Interactive Brokers|Vanguard|
+|:-|:-|:-|:-|:-|:-|
+|Multileg orders|Good|Excellent|Poor|Poor|Nope|
+|Position adjustment|Good|Excellent|Average|Average|Nope|
+|Position Grouping|logical|logical|Sort of|Okay|Not really|
+|Interest on cash|0.30%|0.0001%|3% (w/Gold)|\~2.5%|swept in MMF (2.8%)|
+|Options level 4, extended hours, futures|Okay|Poor|Nope|Excellent|Nope|
+|Options commission rates|Very good|Good|Excellent|Good|Above average|
+|Desktop and phone apps|Very good|Excellent|Good|Poor|Very Poor phone app|
+|Margin borrowing rates|Negotiable|High|Low|Very Low|High|
+|**Verdict**|**Best balance of features and cost.**|**Best features, lags in costs**|**Lowest cost if you don't need naked calls**|**Low cost, strongest capabilities, but hard learning curve**|**Not a contender**|
+
+I keep my IRA at TD Ameritrade, my long-term buy-and-hold (non-theta) ETF/mutual fund account at Vanguard, and I'm in the process of moving my trading account from Tastytrade to IBKR.  I have a tiny bit of money ($5k) in Robinhood, but that's only if I want to do some silly penny options where the commission would make a difference to the economics.
+
+Everyone has their own needs and preferences, but I wanted to share my thoughts after monkeying around with 5 brokers in the last 2 years with options trades.  Let me know what you think.
+[Original post](https://www.reddit.com/r/povertyfinance/comments/dexhsa/im_on_track_to_wipe_away_my_debt_by_the_end_of/)
+
+​
+
+I can't begin to describe what I'm feeling right now. Relief, joy, a drained bank account, but overall happy.
+
+I just submitted the final payment on two of my cards and $450 on the last one, of which I still have a remaining balance of $166. It's still a decent amount of money but it's nothing another paycheck can't fix. But I'm not totally debt-free, I didn't post this in my original post, but I do owe some money to my mom ($1,500 for helping me get back into college, I kept putting it off because I didn't have the funds, nor the saving habits I have now. She agreed to pay for the first quarter on the stipulation that I pay her back and do well in school. Grades are good, just have to pay her back) as well as my brother ($300 for driving me around to the dog sitting gigs) and on the upside, I'll have my own car to drive myself very very soon so I won't have to rely on him anymore. 
+
+​
+
+I've set all my cards on auto-pay, with notifications if I go over a set amount (well below my 30% utilization)  the banks will text me about it. 
+
+​
+
+To celebrate I'm gonna go out with friends for dinner, and then on Saturday I'm going on a 3 day trip with my boyfriend until Tuesday, gonna relax and unwind and wait for the next paycheck (which will be larger considering one week I worked 41 hours when I was only scheduled for 28.)
+
+​
+
+You guys are the first people I've told. Thank you, I'm gonna go tell my mom!
+I am 62 and my husband (70) of 39 years is being swept away from me by one of the cruelest diseases as he is in the early stages of alzhiemers with recent indications that the disease is progressing at steady rate. He was (still has his license)  a CPA and always handled our finances. It was not a marriage of my husband controlling me through controlling the money. I was not ever interested in the budget, most everything is  in both of our names except for a couple of investments in my name only, which I established to have something in my own name.  I did not have a retirement account in my name only so I bought a CUNA CMFG  deferred premium annunity for $30,000. The ending contract value is $32,165.12 as of 9/02/18.  The other money I have is an etrade account (used to be capital one I believe)  where I have bought stocks starting when my son was in highschool and he opened an account as a minor with me as guardian for an economics class.  I opened my own  stock account at the same time.. I bought stocks that appealed to me for random reasons for the past 10-15 years.  There is about $25,000 in there now. With the current chaotic environment in our country now, who knows if there will be .25 in it before long.
+
+I know I will have to hire an attorney/cpa for assistance as my husband's disease takes more of a hold. It is such a painful loss to whom he has always been for him now not be able to  be responsible for the finances of our family. My questions therefore are should I leave the deffered annunity where it is what about or the stocks? Although I do not think I will need to access this money in any short time period, the future is uncertain and I do want it to be accessable if I need it quickly. Thank you, I am feeling somewhat embarrassed that I do not know more about finances. I recognize that I am going to need to handle the responsibility for our finances/my finances  whether I feel emotionally able to handle thisor not.
+Tl;dr: Once at fatFIRE income, where do you draw the line on DIY vs outsourcing? I'm about to outsource my LLC bookkeeping to an online service. I'm torn between feeling like this is worthwhile expense vs. something I should suck up and do myself.
+
+​
+
+Quick overview:
+
+* Single-member LLC filing as an S-Corp
+* 1099 contractor, new to the 1099 world as of 2018 (was W-2 employee for 20+ years)
+* Expected income >$300k (a new world for me)
+* CoastFI right now, should be no-kidding FI next year (\~$2.5MM)
+* I hired a CPA for 2018 LLC & personal tax returns and am happy with that decision (\~$1,200/yr)
+* I use an online payroll service (\~$600/yr)
+* I've attempted to use waveapps dot com (free) for bookkeeping myself but didn't make it a habit
+
+​
+
+My situation:
+
+* 2018 tax time was a mess. I had to flail for a week to get my expenses organized for my CPA. And only had half-assed results
+* I can pay \~$1500/yr to do my bookkeeping (I'm looking at bench dot co and pilot dot com but there's lot of others, CPA's etc.)
+* I realize this is a fantastic problem to have and that I'm extremely lucky
+
+​
+
+My calculus on decision:
+
+* My frugal inner-self is calling bullshit and saying I should suck it up and learn bookkeeping. And make it a habit. I already pay a shit-ton for CPA and payroll.
+* My rationale inner-self observes that I hate bookkeeping. I said I was going to do bookkeeping for 2018 and never did.  I already feel like I have little free time. Which makes bookkeeping sounds like a candidate problem to outsource.
+
+I have done my own taxes forever. I've never earned this much in a single year. Paying others for these tasks is raising more "guilt" than I would have thought.
+
+Anyone else in this boat? Where did you draw the line between DIY vs. outsourcing when you started to earn fatFIRE revenue?
+
+Edit 1: updated tl;dr for clarity, added current FI-level and fixed typos
+
+Edit 2: "demoted" my choices of bookkeeping service; there's lots of services that do this, which service is not important to me
+
+Edit 3: removed URLs because photos from those URLs kept being added as banner images to the post
+Hi there, I'm new to Forex and have recently been intrigued by it but recently I feel I have made a bad mistake by confiding in a group known as imarketslive. I'm typically skeptic of affiliate types of schemes, yet I was shown in person by a friend that forex trading is simpler than it seemed and so on, stuff like a 'harmonic scanner' that can be used to analyse currencies and a group led by industry veterans with tens of thousands of members. More so there was a focus on affiliate marketing and the idea that if I invite other people in, I can negate fees and make a decent sum of monthly income depending on the amount of people. I decided in the heat of it to buy into it. I feel like a bit of a fool now, however I believe the service dictates a 7 day money back policy that I read on, since in within that time frame I'm wondering now If I should get out of this. Since this sub is dedicated to Forex and seems to be legitimate, having helpful people without profit motives, is there any advice that could help?
+Lets say you buy a flat for £100k on a 35 year repayment mortgage that means you're paying the bank around £240pcm. If you manage to rent that flat for say £550pcm after taxes that leaves you with £440pcm. You also put away £100pcm just in case shit brakes which when is all is said and done leaves you with £100 to do whatever with? (and all this is assuming you're not paying an estate agent to help do manage the thing.)
+
+Is the cashflow from property really that low? Like you see people owning a few houses and living on the rental income, so what am I missing cos the maths doesnt seem to work?
+When I was young, I thought 1M was A LOT and anyone could be happy with this amount of money.  Now 2 decades later, I still wonder about this and what people's perspectives are if they had no debt at all nor mortgage (paid off home)...  could they live off of 1M?
+
+I like the thought exercise as it somewhat takes to HCOL item out of the equation and mostly focuses on utilities, food, and healthcare and self-driven costs (vaca/hobby spending/etc).
+
+Would love to hear other thoughts - even "at what age" would this condition meet R.E. for people.  Lets assume its before Social Security kicks in.
+
+\*Update:  Its pretty awesome to see so many posts on this!  It's hard to say but seems like there is a 50/50 split on yes/no retiring at 1M w/ zero debt and paid off home.   
+For Source and more information: **[Speculative Rationality - 7 Dec](http://spec-rationality.com/request-network/#7Dec)**
+
+**Not just Paypal 2.0 | A Financial Platform for Blockchain**
+
+**Suggested reading:** [Why you need to care about blockchain now – not later](https://www.insidesap.com.au/need-care-blockchain-now-not-later/) – Inside SAP
+
+Request Network has been dubbed “PayPal 2.0” by some commentators and while Request can work as a payment platform akin to PayPal, many do not realise that the Request Network is much more.
+
+*“Request is not an app but a financial platform on which many projects can be developed. … We want to structure cryptocurrency payments, finance and accounting areas. Our goal is to build a platform to operate payment requests applicable for every financial flow, and structure it by allowing external systems and software to plug into the platform through the use of our APIs.”*  – Request Team – [November 24 Update](https://blog.request.network/request-network-project-update-november-24th-2017-tech-ecosystem-request-core-kyber-network-b760637eba9b).
+
+The Request Network envisions itself as a Financial Platform; a protocol agnostic financial layer on top of Blockchain technology. Request’s financial platform focuses on providing the infrastructure that will become the “standard for invoices, accounting, auditing, and payments in cryptocurrencies and fiat assets.” (Request Team – [November 24 Update](https://blog.request.network/request-network-project-update-november-24th-2017-tech-ecosystem-request-core-kyber-network-b760637eba9b)). Request plans to deliver on this vision by leveraging blockchain technologies (e.g. [Kyber Partnership](http://spec-rationality.com/request-network/#29Nov) which we covered previously) and ensuring that they remain platform and currency agnostic, so as to reach the widest possible audience.
+
+What is the Financial Platform Request envisions? For this we need to take a look at the [Tech Mind Map](https://www.mindmeister.com/991002501?t=R1iofDilV0) that the team released with their November 24 update. The Request mind map is split into branches, of which the below 3 are key to actualise their platform.
+
+1. **Philosophy and Vision **– The team aims to base their work and decisions in their stated core philosophies. Decentralised; Open sourced; Secure.
+
+2. **Protocol** – The core protocol functions of the network: Core Request protocol, multi-currency (cross chain verification and fiat), extensions for developers (Escrow, down payments etc.), financial flows mechanism, cross-currency settlement (Kyber partnership), fees, reputation and privacy & scaling.
+
+3. **Use Cases** – the use cases can be thought of as implementations that leverage the core protocol functions to provide and facilitate services. Some of the use cases include: standard requests, online payments, accounting, financial audit, P2P and Point of Sale.
+
+Many of the endpoints on Request’s Tech Mind Map are ambitious projects in themselves. the realisation of Protocol endpoints seem to add greater functionality to Request Network infrastructure, while Use Case endpoints are the user facing implementations that grow the Request ecosystem. This is where Request’s strength could really shine, in its ability to build a diverse and robust financial platform that provides the tools and infrastructure for devs to deploy the financial applications and services they envision (or to integrate Request with existing applications).
+__________________________
+
+Lets take a look at the impact that Request Network could have on just one of its major use cases, accounting. Request could revolutionise accounting by allowing users to settle transactions over the Request Network. To understand how let’s dive into the landscape:
+
+*The Old World*
+
+**Double Entry Accounting – Gives Bookkeepers Faith in their own Books but external auditing is required to gain the confidence of third parties.**
+The current financial industry is underpinned by Double Entry Accounting. Double entry accounting is a system in which each entry into a ledger has an equal and opposite entry in a different account; in other words each debit has a corresponding credit. Where the debits in a ledger do not equal credits we know that there has been some error or fraud. Double entry accounting revolutionised financial accounting as it gave book-keepers confidence in the contents of their own books. However to gain the confidence of third parties, the work of external auditors is still necessary. This is very expensive & time consuming.
+
+[Diagram - Double Entry](http://spec-rationality.com/wp-content/uploads/2017/10/double-entry.jpg)
+
+*The New World*
+
+**Triple Entry Accounting via blockchain technology – All accounting entries involving outside parties are cryptographically verified by a third entry on a common ledger. Dramatically reducing the need for external audit but difficult to implement in the absence of accepted norms or standards for the “third entry”.**
+Blockchain brings with it the advent of triple entry accounting, transactions between disparate parties can be recorded in an immutable manner on a distributed common ledger; dramatically reducing the role of external audit (which may still be needed for internal controls). The transaction details are agreed by both parties and cryptographically stored on the blockchain, so now third parties (shareholders, investors etc.) should be able to verify accounts just by checking entries in a private ledger for consistency with the corresponding “third entry” on a distributed ledger. 
+
+HOWEVER there is no standardised or uniform infrastructure that disparate companies/individuals can utilise for their immutable “third entry” records. While two parties could certainly store their transaction details on existing blockchain infrastructure using bespoke methodology (which will likely be an additional manual step after the transaction takes place), the lack of common standards across industry would still make it difficult for outside parties to verify the “third entry” records with any ease.
+
+*The Request Solution*
+
+**Request Network – A protocol agnostic financial layer designed to convert a (theoretically) infinite range of transactions into immutable accounting records that are easy to verify because they use a standardised infrastructure . The promised land of triple entry accounting.**
+Request creates a standardised infrastructure that disparate parties can utilise not only to settle transactions but to simultaneously create immutable accounting records in the form of a receipt or “third entry” that is stored on a distributed ledger. The transaction automatically creates the third entry (there is no manual entry step); furthermore this “third entry” remains easy to verify because it utilises a predictable set of standards. Not only does the Request layer enable currency agnostic transactions at lower cost than centralised iterations it could conceivably revolutionise the accounting process in that very same step.
+
+[DIAGRAM - Triple Entry ](http://spec-rationality.com/wp-content/uploads/2017/10/Triple-entry-accounting.jpg)
+
+*“Thanks to the interoperability, immutability and decentralized nature of the Blockchain, we’ll see the emergence of the triple-entry accounting system (the invoice becomes the transaction) and the time stamping system (basic blockchain function that permanently registers on the block the time that a particular action took place).”* – Excerpt from Request [Yellow Paper](https://request.network/assets/pdf/request_yellowpaper_smart_audits.pdf).
+
+We’ve looked at just one aspect of what the Request platform can do and yet the breadth of the project starts to become evident. By creating the infrastructure and backend needed for individuals and companies to implement triple entry accounting (just one of its use cases); Request opens up the possibility of migrating towards a fully “smart audit”. The Request Network intends to tackle all aspects of a “smart audit” by achieving simplicity (automation), immutability (common database), accuracy, authenticity (a decrease in human errors), traceability of invoices and payments (reconciliation); a triple-entry system.
+
+*“From turnover to wages and taxes, a financial audit will go through all the transactions of a company. We categorize an audit today into several sections: equity, assets, banks, customers, Income, suppliers, charges, salaries, taxes, intercompanies, financial charges and income.”* – Excerpt from Request [Yellow Paper](https://request.network/assets/pdf/request_yellowpaper_smart_audits.pdf).
+
+This is by no means an easy task, If we take a step outside crypto for a second and look at the behemoth that is the financial accounting industry it is easy to see that an overhaul of accounting processes will be an uphill battle. We should not underestimate the power and monopoly that existing accounting philosophies, enterprise software companies and regulators have. Changing the established “way of doing things” will need to be a grassroots effort (Development of new applications, plugins to existing applications, etc.) underpinned by a solid working product and realised eventually through mass adoption. With the financial accounting industry becoming more aware of blockchain technology and how it can benefit from “triple entry accounting” / “Real time accounting” ([Source](https://www.insidesap.com.au/need-care-blockchain-now-not-later/)), Request is in a prime position to be one of the leaders in the field. Like all disrupters, Request will face many challenges but with a solid team and platform the Request Network is giving itself a great shot at success. 
+
+
+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 & 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!
+Hi everyone, looking for some advice/strategy to implement across the next 5 years. Through a lot of hard work and budgeting, my SO and I have a paid for starter home (200K) and stable jobs, hoping to either use the equity to invest in a family home or potentially an equivalent lower-priced rental property. 
+
+Having a difficult time deciding between focusing on our eventual family home or to shelve that for another 5-7 years or so in favor of investing in a rental property. 
+
+Any thoughts or suggestions welcome!
+
+Edit: I think I phrased it a bit poorly. Our home now is sufficient for the foreseeable future (4 years), but looking to move up size wise in the future. Looking for opinions whether to move up now or make strategic decisions in the meantime. Thank you all!
+I know this is a pretty bad time to make a post because it's late in the night but I need to get this out. 
+
+I want to start getting into real estate specifically with the long term goal of having a relatively large portfolio of rental properties to make me enough passive income so I don't have to work full time. Maybe 10 to 15 properties.  
+
+I've been listening to podcasts on bigger pockets, watching various youtube videos and reading books. Recently I got a new job in Michigan with a higher income. I was making around 32k, now I'm making 50k with this new job. 
+
+I wanted to try the "nomad" investing model. Where I buy a rental property, live in it for a year, then move out into another property and live in that for a year while renting out my previous property.
+
+There is also the Brrrr method. 
+
+The meeting I had with this real estate agent, who came very recommended just told me that was pretty much impossible for a ton of reasons. Not just in Michigan but in most states who's name aren't California and Florida.  
+
+A. She said I CANNOT legally rent out a property while it is under mortgage. As in, pretty much all mortgage agreements in Michigan will prohibit that. So house hacking is simply impossible. 
+
+What? 
+
+B. If I get my first mortgage, it will be pretty much impossible to get a second mortgage for a second home to live in without either selling or paying off in full the first home I bought. And doubly impossible to get a 3 conventional loan for another property after that. 
+
+What? 
+
+She is absolutely confident of these two things. She told me that I shouldn't believe what I hear on the internet and from other real estate agents. She's been a full time agent in my area over 10 years and does a lot of deals per year. If what she says is true it tosses out a ton of stuff I've read. Pretty much all of bigger pockets is useless to me because the strategies would only work with all cash. 
+
+The Nomad method, which I first learned of on this subreddit, is completely impossible and simply doesn't work if what she says is true. The nomad method being to buy up to 10 owner occupied homes over 10 years with 10 conventional loans. 
+
+I don't know what to think. It's really freaking me out because owning rentals was a big part of my long term goal to secure my retirement and not have to work full time. Thoughts? 
+My auto insurance when I first started driving was 110 and after three years of being a responsible driver I got it down to 68. Imagine my surprise when I found out I’m going to have to start paying 95 next month. It’s almost like they want people with hardly any money to spare to stay that way. Sorry for the rant but I’m just so sick of having my whole paycheck disappear every time the bills come around. 
+Get on over to etherscan and watch the madness!  CB's supply is falling fast and they keep trying to add more to keep up.  This is pretty insane!
+
+[https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0x503828976d22510aad0201ac7ec88293211d23da](https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0x503828976d22510aad0201ac7ec88293211d23da)
+
+​
+
+EDIT:  6:53 Pacific time
+
+There are currently only 450k LRC left in CB wallet.  When I made this post there were over 4m
+
+EDIT 2:
+
+I'm clicking on some of the wallets that deposited LRC back into CB's wallet, to see where they are getting some resupply from.  All the ones I clicked, the exact amount had just come out of CB and then went back in.
+
+Then there is this wallet:
+
+[https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0xc463316e5720cbb36a108bda26119b0115766026](https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0xc463316e5720cbb36a108bda26119b0115766026)
+
+Dozens of matching in/out transactions over the last couple of days.
+
+I am too smooth to make any sense of this.
+
+EDIT 3:
+
+They loaded up again at \~6:45 pacific time this morning; 3.6m coins, plus smaller batches since.
+
+[https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0x6efd03343d3cc0e86158a24e2c6adc5d68abc646](https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0x6efd03343d3cc0e86158a24e2c6adc5d68abc646)
+
+[https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0xdfe8304ecd2f0e347f50599c3670987d1824ace2](https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0xdfe8304ecd2f0e347f50599c3670987d1824ace2)
+
+These batches came from 2 different wallets.  It would be interesting if we knew who owned those wallets.
+
+​
+My partner and I have been together 9 years. He honestly took forever to propose, and now that he has, I was so excited to plan our wedding.
+
+We're now 6months out from the wedding, and I'm absolutely stressed and terrified about the cost. I don't come from money, and neither does he. His parents offered us $1000, my family has offered nothing, so we would be paying for it ourselves.
+
+Despite doing everything I can to have the wedding I want at the cheapest possible price, I no longer think we can do it without going into debt. Right now my estimated all-in (with tips and such) is just under $20k. In the world of weddings... that's so cheap!
+
+The biggest contributing cost is that my venue is a bar with a food/bev minimum of $9k. And with rising food costs/inflation, I'm assuming I can't feed/drink the 100 guests for that amount like I had planned.
+
+If we cancel now, I would receive my vendor deposits back in full. None of our bridal party has purchased their outfits yet. Only one person has booked the flight so far. Like if we cancel now, no one loses out financially.
+
+My partner wanted to postpone a year, but the reality is, our entire friend group wants to get pregnant next year (literally everyone is waiting until after our wedding), and both of our parents are old/not in good health, so I feel like there's a chance they would no longer be around to see the wedding.
+
+We'd still get married, we'd just go to the courthouse and take the money we've saved so far to go on a trip together.
+
+But I really wanted the wedding. I realllyyyy wanted the wedding. But when we started planning it, I had a financial plan. Now I'm worried that layoffs could be coming to my big tech company (re: look at twitter, Meta, many others), which would further jeopardize our financial security.
+
+I dunno. Is the memory, party, excitement joy, worth the debt. Or is financial security and a better foundation for the future the right idea? Do we only live once, or do we live a better life later because of today's decisions?
+
+I'm so upset and conflicted. Any advice or thoughts would be lovely. Please don't be mean though, I'm fragile today.
+
+Thanks!
+My brother is 27 and has Asperger's syndrome. Whenever he gets money the first thing he likes to do is spend it on frivolous stuff.
+
+He was supposed to come into his trust fund at 25--but because he seemed irresponsible, my aunts maintained control of his trust and give him a monthly allowance.
+
+We're frightened he's going to blow through his trust. The money from the trust has a 100-year-old history - Chinese immigrants with a rare business, lots of sacrifices, blah blah.
+
+The aunts and myself are frightened he's going to seriously blast through his trust; we want him to invest it and save it or just almost ANYTHING that doesn't involve blowing through it within 5-10 years.
+
+We are so frightened he's going to blow through it because when they gave him the first few thousand, he blew through it in weeks. I also blew through my trust fund as soon as I got it at 25 (15 years ago), so we're all frightened it'll be a repeat of what I did (my family is understandably horrified). I now have a decent job and save instead of act like an awful trust fund brat.
+
+I am guessing my brother can demand the aunts give him control of the money but he isn't particularly high functioning enough to think about how to follow that through. I don't know if he even cares.
+
+My brother isn't talking to me because I yelled at him 2 years ago about the history of our money, the importance of saving, and I started going on about consumerism and capitalism. He wasn't happy about that and hasn't spoken to me in almost 2 years.
+
+My aunt mentioned that after she gets too feeble, I should manage his trust.
+
+**My aunt asked me to think of some solutions, how to manage his money for him, and maybe any parameters to come up with so we can feel confident about giving him more control.**
+
+***Is there some type of education or parameters to give so we can feel more secure?*** The money was supposed to go to my mom but she died before my grandfather died so this is why it went to us as a surprise.
+
+He isn't one of those super-smart autistic types - he really really revels in basic repetition and didn't do too well in school.
+Hello, I am in the process of buying a home with my longtime girlfriend in a HCOL area.  We will both be on the loan and title as 50-50 owners, however, I will be putting down approx. 66% of the 20% mortgage DP (20% down) and she will be putting down the remainder, basically because I can afford to put more down.  We will be splitting all monthly costs evenly after we close on the mortgage.  Also, if we sell the property, the current understanding is that we recoup our down payment costs and split any equity posts expenses 50-50.  I have never gone into a huge capital purchase with a someone else (and I have never been married before).  We have agreed to have a co-habitation contract that I would guess should include language on payment defaults, selling, etc.  Any advice on this?  (Much appreciated)
+I became a contracted consultant right out of college. Despite having been an investment banking intern and worked on a cutting-edge trading platform; I found the day-to-day in finance too monotonous and took the risk of joining a couple guys I barely knew to work on a startup. 
+
+I signed a contract to work as the Interim CFO - compiling reports, projecting financials for capital raise, building slides and getting to work on the overall strategy. I was also to assist the partner with his other real estate business doing similar work. I owned no equity but I was told there would be plenty of options to acquire some after the first capital raise and bonus cycle. Both of the guys I was working under are much older, own multiple international businesses, and have a serious network of entrepreneurs (as verified by emails and research on executives). 
+
+Fast forward to October 21st, I was expecting my first check; the partner I was working under told me to wait a few days and I thought nothing of it. A week later I was told his foreign accounts triggered a Suspicious Activity Report causing his assets to be frozen. After 35 days, I still haven't been paid and the email I just received from him stated "Might have some money for you on Monday but can't say for certain." I have already began looking for other jobs but in the meantime I'm in serious trouble. 
+
+Checkings account is at: ($345)
+Savings: $0.63
+Credit cards: Maxed at ~$3000
+Pantry: Half a bag of granola topping for yogurt 
+
+Due to a bad check he wrote me a month ago, the bank took back the $1200 my roommates gave me for rent. I am currently selling my clothes, laptop, phone (T-mobile already suspended the account) to make up for that amount. 
+
+I have no foreseeable income except the hope that I see some money from the partner on Monday. My friend offered to bring me a Thanksgiving dinner tomorrow, that might be the only food I see until Monday. 
+
+Any advice would be greatly appreciated. 
+
+-----------------------------------------------------------------------------------------------------------------------------------
+
+**Edit 1:** I just wanted to let you all know that when I was typing this I was very hungry and scared but after reading all your advice and positive responses I don't feel hungry at all and actually have a gameplan to get out of this. I cried all over my laptop when you guys started offering me pizza and financial assistance. While I cannot accept either I want you to know that it means the world to me and someday I hope I can be as good of a person as you. I wanted to reply on everyone's comment but they have started to grow exponentially. I promise I will be reading each and every one of them even if I cant reply. 
+
+-----------------------------------------------------------------------------------------------------------------------------------
+**Edit 2:** A lot of comments have become focused on my title as the Interim CFO. I want to clarify that my work from the start till the remainder of my assignment was nothing similar to what a CFO of even a small company would go through. The current financials and the anticipated cash flows were extremely basic and the recording of them could have been done by someone with Accounting 101 under their belt. I had no intentions to remain the CFO, nor could I have, once the company gained serious traction, and was told from the very start that when that happens I would need to "write my own ticket" within the established firm. Until then my work was entirely focused on securing capital and building/showcasing a strategy that would drive revenues - something I had done for two other startups before and was the reason for my hire. I spent majority of my time compiling, analyzing and building reports and plans which were ultimately going to be used as marketing and governing tools for the organization. Listing me as a Financial Analyst would have created issues when dealing with prospective investors (some that I remained in contact with until last week). 
+
+-----------------------------------------------------------------------------------------------------------------------------------
+**Edit 3:** I listed my email to channel any job leads - this seemed to have locked my post. Apologies to Reddit and Mods. 
+I hope this does not get ignored or burned down by all the other posts from this subreddit.
+
+Sorry for not the best English, I'm still learning.
+
+The whole story:
+
+I graduated from high school in June 2020, and I was ready to start college in Italy because I wanted to be independent asap and college is the only option. One day, I was talking with my mom about my plans after high school, and she told me to consider studying in the USA and live with my sister there.
+
+The idea of studying in the USA resonated in my head, but I was very hesitant of doing it tbh, there is no way I can waste more years of my life relying on someone else, I wanted to choose the less riskier route and stay in Italy to work part-time and study full time.
+
+Fast forward to the end of September I’m starting college and the idea to consider the USA became more of like an “order” from my mom, she was telling me that my sister lives in the USA that she is studying in college and that she got plenty of scholarship easily, like every semester she would get thousand worth in scholarship (it’s a community college).
+
+The whole conversation was very vague and weird, like -how did she get soo many scholarships each semester when she is struggling with chemistry and math? I had so many questions, but every time I confronted my mother about it, she would get very defensive telling me - trust your sister and that I’m a failure and I don’t have any future here in Italy.
+
+And here was my mistake, I didn’t do any research about how the whole college system works in us, at first I thought I had to pay only the in-state tuition because I’m living with my sister and that she is covering my living expenses, turns out I’m on a visa and that I need to pay 7k a year for a community college in fees. That, scholarships are there sitting to be claimed and I just have to write in a 2-hour essay and I’ll probably win some, turns out the percentage of people winning half/full-ride scholarship is very low.
+
+I didn’t have many possibilities, so once I got accepted for my visa, I booked a flight ticket for literally the next week and officially moved to Idaho with my sister.
+
+The first few weeks in the Us were maybe the worst of my life. With my sister basically arguing with me every day and getting angry, humiliating me every day telling me that I’m not doing anything all day when I’m sitting all day struggling to write these essays, keep up with all classes and assignments with the school.
+
+Every morning when I wake up, I ask myself “Why am I even here? I should just disappear, and nobody would care” Like, I’m in sitting in my bedroom thinking to myself that this is someone else house that I’m not paying for. I’m very grateful for the opportunity of not having to be stressed about all the living expenses, but at the end of the day I’m living in someone else family, I feel like a leech, I’d feel suicidal for even using the bathroom because I’m thinking that it’s not my house or to beg my sister every morning to take me to school because I can’t afford.
+
+I chose an engineering field to study mainly because I did not want to deal with those stupid essays.
+
+But, now I’m stuck here in the states doing all these useless classes that I’m overpaying thousands in tuition fees.
+
+I don’t want to sit here and pretend I was the happiest person in Italy, but I was finally on the route of getting something out of my life. Meanwhile, here in the states, I’m afraid I can’t even afford school.
+
+Another note is that my main goal is to go back to my country (Africa) to be independent and to stay close to my family. I’ve looked at the global ranking for this 4-year college, and it is sitting below the top 800-1000 with 25k out of state while my university is way above that at 700-800 and it cost less than 1k a year. It would take me only three years to get my bachelor degree while here with community college and college more than 4+ years.
+
+I’m leaving much of the non-relevant stuff out. I don't want this to be an eight-page essay about how my life sucks.
+
+I can’t even ask my mother to give me some money to pay for next semester because she used part of my budget to pay for her loans, At first, it was 15k, but they turned out to be only 3k, I’ve already paid my first semester, so I’m left with 0$ in my credit card. I need to pay for the next semester to be eligible to find jobs on campus and to maintain my f1 visa status.
+
+I know my biggest mistake was not doing any research, and I’m paying the consequences, and I’m here asking you guys for your help.
+
+Thank you for reading.
+My mortgage was just sold. After 10 years with Wells Fargo, I'll now be paying Select Portfolio Servicing or SPS. I never had any real love for Wells Fargo, but I suppose I had some confidence in the brand...and I never had any problems. They were always responsive and my documentation was always clear. A quick search on SPS and...well, the reviews aren't great. I doubt that Wells Fargo is particularly loved either so I take it with a grain of salt. But this change makes me wonder if I should refinance. For context, I'm 10 years into a 30 year fixed at 4.25% and have $130,000 left on the mortgage and my credit score is 764 (took a drop because I got a new credit card). Here are my questions:  
+1) Is there a mortgage company that I can feel good-ish about?  
+2) How much do I have to pay to refinance? What are the costs I need to think about?  
+3) My income has really dropped since I took out this mortgage because I left to start a business. At the moment I only make about $45,000 and it comes from a few different sources, including rental income from this property (I don't live it in anymore). But my income is a bit more complicated than a straight w-2.   
+
+
+Can I refinance with my income? Who should I refinance with?
+So I have 25k in student loans. I'm 24 and sick of carrying it and finally making enough to really start paying it off. I just moved to a big city, have an emergency fund, no girlfriend or friend group to spend money on. Plus covid makes living boring anyways. Also sold my car to move and will wait till after I have repaid my debt to buy another one. 
+
+What if for the next 2.5 years I put in $800/month(current savings). Has anyone done something similar? What are your experiences and what issues can you forsee?
+Seeking to pick the minds of experienced oil workers and investors here.
+
+As the question states, if US production falls significantly in 2021, as looks to be the case...
+
+ what are the obvious or non-obvious ways that canadian producers and midstreamers benefit?
+
+Also, in periods where there is strong demand for canadian oil, does that often lead to appreciation in the canadian dollar?
+
+Thank you in advance for your considered response.
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all).
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+In case you forgot: https://twitter.com/rockstar_stocks/status/1400958304336089090?s=21
+
+DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.  DRS is the way.
+This may all be hearsay, but I understand that there are food "counter-subsidies" in the US to pay farmers to not grow (or is it not sell) their crops.  
+
+What are the details of this program and why is it in place?  What might be the economic detriment of having food prices too low?
+
+EDIT: Link 
+
+[Farm Program Pays $1.3 Billion to People Who Don't Farm](http://www.washingtonpost.com/wp-dyn/content/article/2006/07/01/AR2006070100962.html)
+
+I would like to sincerely thank Blockstream and Core for preventing a sensible scaling of Bitcoin for so long, as well as the fantastic mods over at /r/Bitcoin. Because of them, I grew frustrated with the Bitcoin Civil War. I frequented both Bitcoin subs, and found nothing but infighting. No progress for months. Just mudslinging. 
+
+Then someone on /r/btc mentioned this new blockchain called Ethereum. I opened a new tab, typed it in, and spent two full days being confused. Finally, it clicked.
+
+On February 1st, 2016, I made my first ETH purchase, 90.9 ETH for about $200. I within a few days it had doubled. The next month, I cancelled my modest employee stock purchase program and decided to put about $100 into both ETH and BTC. After watching the price plummet from our all time high of $21 back down to $10 during an overnight shift, I switched all my BTC to ETH. 
+
+I didn't have a ton of extra money in 2016, as I was trying to pay off debt, but I threw everything extra that I had into ETH. I started 2017 with a bit over 300, and I thought that hitting $100 by the end of the year would be a godsend. 
+
+So now, here we are. My initial $200 is about $30k. I'll be able to put a down payment on a house this year and still have more than a year's salary saved in ETH. I might even be able to buy my dream car, a Tesla (probably the 3). It's a dream come true.
+
+Thank you Blockstream for causing me so much frustration that I lost faith in Bitcoin. Thank you Vitalik for making an amazing blockchain and for providing strong leadership. And thank you redditors of /r/ethtrader for keeping me laughing on my way to my dreams. 
+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!
+
+From 2014 to 2017 bitcoin went from ~$300 to $1300 which is an almost 4x increase. Prior to this it had crashed almost just as much. But then through 2017 we went from $1300 to $20,000 which is a 15x increase. We then crashed back to $3000 which is a 6x loss. Then we became $58,000 over the following 3 years which is a 19x increase.
+
+Ethereum had a very similar trajectory. Explosive growth in 2017 then to crash 10x from $1000 to $100, and then we 20x'd to $2000.
+
+Do you see a pattern here? This is crypto. One minute you're up 10x and the next you're down 6x, then after awhile you're up 20x. It's ten steps forward six steps back, then twenty steps forward. Maybe we'll hit $4,000 this runup, maybe we wont! **But we sure will next run**. This is based on **9 YEARS** of market behavior in bitcoin, and then ETH from 2015 onward.
+
+Another important thing to note too is **BIG NUMBERS** and orders of magnitude. Bitcoin going from $100 to $200 was a HUGE DEAL, it 2x'd! But once it got into the thousands, going from $7,000 to $10,000 was not as big a deal, even though if you held since $100 that delta would've been epic for you in terms of profit. My point is, as ethereum's value goes up **it will go up in terms of dollars faster** because the numbers just get bigger and so too do the swings.
+
+This means: we're still *early* here based on all the data. And if you hodl your ETH then you'll really start to benefit from those big numbers once we start hitting them. We're very excited this year to go up hundreds of dollars. When we're at $4,000 we're going to be having a conversation of *moving up thousands of dollars*. And suddenly that sub-$2000 ETH you bought is worth a fortune.
+Just started using the Wealthsimple app (moved to Canada a couple of months ago). I find the different investing options to be very conservative. Even the highest risk one (level 10) has about 10% in bonds and gold.
+
+Anyways, I am choosing the level 10 for my TFSA account, because I thought gains there will be the most interesting as it is tax free and even if things turn bad, I know the maximum lose will be limited to the 6K I have just put there (maybe I have to reconsider after some years when I have put 30K or more in total).
+
+For those who have been using wealthsimple and investing for a long time, what are your views on this? Do you ever use the lowest risk ones? I mean, who will invest 70% in bonds, unless you are really wealthy and you want to put something there just in case of a market meltdown?
+It's rare that projects on the BSC are anything besides pump and dumps. Enter, your new favorite friend, Baby Shark Token. A true chance to go long. Discovery Channel ads are paid for and will be appearing during shark week at various time slots. BTOK ads start on the 27th and run for a week.
+
+[🧧](https://emojipedia.org/red-envelope/)   
+
+
+With $50,000 donated to charitable causes to date, BabyShark's contract effortlessly allows the team to convert portions of transactions to their donation/development wallet into BNB, with zero selling pressure on the token. That means you will never hear the dev's explaining that that dump on the chart was to fund x and y.
+
+[💸](https://emojipedia.org/money-with-wings/)  
+
+
+And who are the dev's? I'm glad you asked. 
+
+On our website  [Baby Shark Token – Clean the Oceans](https://www.babysharktoken.com/) you can visit our team page and see our team doxxed, proud of what they've created, and what's to come. What they are building as we speak.
+
+[🧑‍🤝‍🧑](https://emojipedia.org/people-holding-hands/)  
+
+
+This is a chance to get in early before BabyShark becomes a worldwide movement. Large influencers are eyeing us and will make us their playground for a catalyst for change in this space and the world. We are one of the only true projects that continues to under promise and over deliver.   
+[🌎](https://emojipedia.org/globe-showing-americas/)
+
+Currently we have partnered with two astounding organizations. Something most projects pretend/promise they will do, but we are out here actually doing. We are officially partnered with the award winning Gili Shark Conservation, and the deep-running Fish Reef Project. Feel free to search their websites for our logo's shining face.   
+ [⭐](https://emojipedia.org/star/)
+
+​
+
+Everything we say we will do, we do. And our investors know this and love us for it. We are a haven in a maelstrom of a market. It's best to grab your moon bag before the tsunami hits. As the infamous Jordan Belfort said in The Wolf of Wall Street, "The only problem you're going to have is that you didn't buy more."  
+ [🧮](https://emojipedia.org/abacus/)
+
+On top of billionaire investors eyeing us and ready to jump in soon and represent us, we have outlined long term value for investors that we intend to create. Our weekly sunken treasure buy's back tokens and burns them. And in later quarters we have plans to create value on top of value for holders through our NFT marketplace, BabyShark Arcade, and Charity DeFi exchange. 
+
+  
+We have a mission and belt of achievements that big money is impressed by. BabyShark is something they can get behind. Uniting the world in saving the planet, and riding the cryptocurrency wave that everyone loves.   
+
+
+BabyShark will be making huge waves soon once again, don't say I didn't warn you.   
+ [🌊](https://emojipedia.org/water-wave/)
+
+TG: BabySharkToken  
+Contract: 0xcc9b175e4b88a22543c44f1cc65b73f63b0d4efe
+What is Mello? 
+
+The Mello Token is a redistributive cryptocurrency built on Binance Smart Chain (BSC). The fast and inexpensive transactions of BSC make the Mello Token perfect for integration into our future Virtual Reality Gaming Environment. A 3% redistribution fee is placed on all transfers, purchases, and sales of Mello (outside of exchanges) which is rewarded to all Holders of the token. Put simply, all holders of Mello earn interest on a constant basis. 
+
+​
+
+In the short time since launching we have gained nearly 4000 holders, listed on both coin market cap and coin gecko and we are trading on WhiteBit. We also had an AMA today where we revealed our identities and we plan to add an about us section to the website to be as transparent as possible.
+
+Influencer outreach
+
+As promised Mello token is embarking on a huge influencer marketing campaign. While we are not a hype coin we still need to grow and be noticed by a wider audience. To achieve this, we have commissioned several TikTokers.
+
+•  Blaneoh – 2M followers
+
+•  Deprizioadvisory – 44k (Video in Italian, reaching a new audience)
+
+•  Crypto Batman – 54k (YouTube posted yesterday)
+
+There will be more social posts to come. This has been helping grow the awareness around Mello and we have gained over 500 new holders in the last few hours.
+
+Building the casino
+
+The 2D Casino will launch by the end of Q3 beginning of Q4, followed by a VR casino launch in Unreal Engine. But they don’t plan to stop there, the plan is to eventually expand the casino into a full Mello world. But that is in the future, the first target is the 2D version of the casino. To help Mello achieve this they have partnered with GammaStack.
+
+​
+
+GammaStack was started a decade ago as a bespoke software development company and today they stand tall as an established IT solutions provider who has served for more than 500 clients throughout the globe.
+
+​
+
+They offer tailored services help organizations to accelerate the integration and implementation of the latest technology trends including AR, Blockchain and integrations. This will help substantially speed up the development process.
+
+​
+
+They have contacted and negotiating with several other strategic partners at the moment.
+
+Community involvement
+
+The Mello team has constantly been in touch with its community. They are available in the voice channel for most of the day, the artists stream when they are developing 3D assets and they are constantly hosing contests and giveaways.
+
+There is in fact a meme contest going on at the moment with a first-place prize of 10k Mello and second-place prize of 5k Mello.
+
+Merch coming up
+
+The Mello team is currently working on creating merchandise for the community. From hoodies and t shirts to memorabilia. You want it? They got it. They are actively taking on new merch ideas to develop. Feel free to join the discord and give them any suggestions.
+
+Website updates coming up
+
+Following todays AMA in which the team revealed their identities they will now update the website with a full “About us” page aiming to be as open and transparent as possible with the community. This is a long-term project with huge goals, and they aim to build as much trust as possible.
+
+In addition to this they announced that they have actively been working on the 3D assets for the casino. A new section will be added to the website that will enable viewers to check out the progress made on the asset generation. You will be able to view the 3d renderings and get an idea for the look of the casino.
+
+They are planning a social dApp for the website where you can login with your hot wallet and earn rewards.
+
+​
+
+Already listed on CMC
+
+[https://coinmarketcap.com/currencies/mello-token/](https://coinmarketcap.com/currencies/mello-token/)
+
+Already listed on CoinGecko
+
+[https://www.coingecko.com/en/coins/mello-token](https://www.coingecko.com/en/coins/mello-token)
+
+Website
+
+[https://mellotoken.com/](https://mellotoken.com/) 
+
+Contract address:
+
+0x651bfbb26455294408aabc61a7adf427bf149898
+Hi all, 
+
+I moved into my flat (owner) in September. I set up the utilities immediately - EDF for electricity and gas (gas was previously with SSE). There were lots of letters when I arrived requesting payment for unpaid bills. I switched the gas over  to EDF. Gas is a prepayment metre, so not direct debit. 
+
+EDF told me not to worry about the unpaid bills, but since then I've been receiving letters constantly - around twice a month - requesting payment. In November, I also began receiving letters from LCS immediately requesting payment and threatening me with a default, CCJs, the works. They're not addressed to me, but to the legal owner (which is me) and I'm concerned I may still be liable for them. 
+
+LCS refuse to communicate. Their website is basically useless. I've tried their dispute debt function and it doesn't work (you add in comments and it says there's something wrong with the commenting format and won't let you submit it). I've tried phoning and they don't answer. I've requested a callback and they never do. There's no email address or regular contact form to fill in. 
+
+I phoned EDF before Christmas on their debt advice number. I spoke to a very nice customer services person who checked my records and confirmed that the account numbers were different and that it wasn't my debt. They said that they would ensure I wouldn't receive any more letters. 
+
+I came back from Christmas with more letters. This morning I had a knock on the door (at 7am?!) from an LCS person demanding payment. They were aggressive. I said it wasn't my debt and showed them that the account numbers on the letters differed. I said I'd been in contact with EDF and they didn't believe me (EDF record these calls - it should be easy to prove, surely?). I very nearly paid up - it's £50 - but I stood my ground and didn't, but I'm worried (especially as they said I'm liable to pay for their call out as the legal owner, which is expensive). I phoned EDF again and they've apologised and again told me not to worry and they'll fix it...but that didn't work last time. 
+
+SSE have yet to go full on with the credit agencies, but their letters are increasingly threatening and say that they will issue a default against me. When I've tried phoning, they don't seem to understand what I'm saying. I don't have an account with them - it's someone else's - and they keep treating it as if it's mine. I give them the account number on the letter then they address me as the previous occupier, not my name! 
+
+I'm not sure if I should be worried or not, but I feel a real sense of dread every time I get home because of what letters might be on the floor. 
+
+What's the best course of action here? 
+
+Thanks everyone, 
+
+S\_B
+Ok, Just what the fuck I am coming here to explain this to all you autist retards, while my mums making dinner tonight, before I need to set up the table ok here we go...
+
+**5GG** just look at this for a second and remember this and remind yourself in a few day why you are retarded that you did not buy this because you probably read up to here and not going to listen to what is just about to unfold.
+
+Ok Gamestop is going bankrupt no shit because everyone is thinking downloading games is the future...
+
+ARE YOU FUCKING SERIOUS?!?! No one want's to fucking download shit. the future is fucking STREAMING FUCKING GAMES you stupid boomers.. I hope this is clear for people.
+
+yes you may say but Australia has shit internet to fucking stream games you dropkick, lol step back and turn 360 and walk away because let me tell you this..
+
+PENTANET the new fucking IPO only a 3 fucking years old company is doing the unthinkable and Aussie broadband which we all thought was with us and cool, but they seem to resell NBN with cool folks with great support. I will get to that in a sec...
+
+Hold up jimbeef guy, hope you reading this my inspiration dude, this one is for you.
+
+https://preview.redd.it/q9uu6fo79te61.png?width=800&format=png&auto=webp&s=266d99e9982aa3182759b9fdcb6b4919a3ba7764
+
+**PENTANET** has worked closely with Nvidia and is about release **NVIDIA GEFORCE NOW CLOUD GAMING** to Australia very soon, they will be the **first** company to ever **release** this in **Australia.**
+
+This is fucking **massive**, ok listen you think fucking Nvidia is going to stop their when this is released in Australia? No fuck no.
+
+When they do Ads everywhere this shit is going to **spit fire**, Cloud gaming is the future and Nvidia wants to be **first movers** and tell Microsoft and Sony to fuck off, for them to do that they need to pull this off and have a strong ground when they release in Australia. Ok look autists I love to upgrade and build up their PC overtime, I love doing that to. But **Cloud gaming** is going to take over with everything. Imagine **streaming** a libary of games like a netflix for videos? You got that ok... cool.
+
+This is massive and Pentanet is about to fucking do it. You think this is it? with this fucking 3 year old company thats run by literally gaming that type of high functioning autism type. They are making fucking internet by themselves, that's faster than NBN it's called fixed wireless but the margins are way fucking high than this outdated NBN shit.  I will get back to that in a bit.
+
+[https://www.facebook.com/geforcenow.pentanet/posts/113072037408728](https://www.facebook.com/geforcenow.pentanet/posts/113072037408728)
+
+Ok so this company owners their gamers, but do we stop their? Fuck no.THEY FUCKING HAVE THEIR OWN ESPORTS TEAM THAT PLAY IN THE OPL.. Like the official League of Legends league in Australia that the winning team goes and plays international. Serious money to be made from sponsors in the future as esports grows.It's the first Esports team to ever enter the ASX how do you even valuate something like that?
+
+https://preview.redd.it/zh2pazzp9te61.png?width=1454&format=png&auto=webp&s=15cf321f546b80b21cf3dfdf4316522799d796a5
+
+​
+
+https://preview.redd.it/cr5v4ru99te61.png?width=2042&format=png&auto=webp&s=4c67ea0d3d9def9bc0d931bfd63530bcc8cc8af1
+
+**Facebook Terragraph**
+
+Ok you think Facebook just want to do that social media shit until like forever? Absolutely fucking not are you serious?!? they want to be fucking everywhere they want to also run the world Internet.
+
+You think only slightly better than the NBN will entice people to switch to Terragraph network by Facebook, no. Let me tell you. This fucking demo of the demos for speedtest: 1,332Mbps!![https://www.youtube.com/watch?v=MMDX6f1AB5A](https://www.youtube.com/watch?v=MMDX6f1AB5A)
+
+That is hella fucking fast, and a fuck off to the NBN. Guess what Pentanet is working with Facebook Terragraph to roll this out to Australia.
+
+https://preview.redd.it/tuoctxal9te61.png?width=1200&format=png&auto=webp&s=35b817e1cd7ecfb1f3ca23d44f80bf400f5dc7bf
+
+Look this 3 year old company is doing way to many fucking moves real fucking quick. Also a collabration with NextDC, a public ASX company that is trading around $11.32. that's some status shit.
+
+This company is moving forward real quick and my god I love it. there is alot more to this company but  mum is calling me for dinner ok bye. also hope you like the pictures, like a picture book. Also obviously i'm not a financial advisor, I also hold a position
+Hello everyone, I purchased a brand new 8-ball from Big W this week. Here's the [model](https://www.bigw.com.au/product/mattel-magic-8-ball/p/859153/?store=391&gclid=CjwKCAiAqJn9BRB0EiwAJ1SztSfdDJgtOT8DIFnhN-THAb-MpE4HgnRPPP4HzD4UTcq13NNraZT4cRoCU40QAvD_BwE&gclsrc=aw.ds) for anyone wondering about its performance and accuracy. It has a 4.5/ 5 star rating on Amazon though from 300+ reviews so I'm presuming it's good to go. 
+
+Without further ado here is the 8-balls analysis on the markets this week: 
+
+**Will the ASX be up this week?** My reply is no. 
+
+**Will gold be up this week?** Without a doubt.
+
+**Is Splitit a buy this week?** You may rely on it. 
+
+**Will IOU end the week in the green?** Yes.
+
+**Will ZIP be up by market close this Friday?** Outlook not so good. 
+
+Some **controversial** opinions and predictions from the 8-ball here. It's pretty bearish overall, favouring Gold as a store of value. It's also pretty interesting to see that despite this, it's saying that Splitit is a buy and IOU is also one to get ahold of early.
+
+As usual, to make sure the ball is in sync we have to provide a test question,
+
+**Is Melvin Butters a credible source of opinion on Brainchip?** Yes. 
+
+Hmm, do with this what you will. 
+
+I also did film the 8-ball running this week on TikTok (proof that it did actually say these things) [here](https://www.tiktok.com/@hypetrainaus/video/6892639996751252738).
+Anyone else sick of the constant fucking adds for forex and motley and all that shit.
+
+I go on youtube the adds are always investing ones now. I go on FB or Insta and just investing adds.I go on google fucking motley fool everywhere. Turn the TV on and some motley fool prick is talking on the news about the market like piss off.
+
+I wish there was a way to use the net to research stocks but not be exposed to these dirty kunts constantly spamming the same bullshit.
+
+(Saw a motley ad for the 57th time today and just had to post something to relieve my anger, ("Why is \*insert meme stock here\* up 70% today"))
+Have been seeing some discussion about the hydrogen economy. As a noob I feel I should offer up some Pepe Silva level stuff for discussion. 
+
+Background, nerd who has followed the developments in and out of the day job. Nice, smooth brain too.
+
+The following articles I feel do a good job of summarising the current state of affairs. Better written than my ramblings too.
+
+[Liebreich: Hype from Hydrogen Part 1, Supply](https://about.bnef.com/blog/liebreich-separating-hype-from-hydrogen-part-one-the-supply-side/)
+
+[Liebreich: Hype from Hydrogen Part 2, Demand](https://about.bnef.com/blog/liebreich-separating-hype-from-hydrogen-part-two-the-demand-side/)
+
+Note: If I say batteries, I'm referring to Lithium batteries.
+
+**Hydrogen Overall**
+
+The current talk about hydrogen reminds me of the Atomic Age. Welcome to the world of tomorrow where everything will be Nuclear, just give it 30 years! Fast forward, it's an energy source trying to find it's place after a checkered past (with apologies to the Uranium crew). It never got anywhere close to being the solution to everything.
+
+As an aside, don't know about nuclear in energy yet. Will depend on if baseload power is actually required in future energy grids. I'd say no if energy generation and storage is decentralised in the grid. Political issues are the biggest to me. Call it a coin toss.
+
+Hydrogen is for energy storage, batteries are the direct competing technology. Current consensus is this energy will come from solar and wind.  Care should be taken on this point where cost and carbon emissions comparisons are presented, some will cherry pick energy sources to get the desired answer. 
+
+Pro hydrogen arguments may also handicap battery tech. For example, [Random presentation 1](https://www.ise.fraunhofer.de/content/dam/ise/en/documents/News/190815_LCA-BEV-FCEV_Results_EnglishVersion.pdf) assumes a battery energy density of about 185 Wh/kg in 2030. [Tesla hit 240 Wh/kg in 2018](https://cleantechnica.com/2019/01/28/tesla-model-3-battery-pack-cell-teardown-highlights-performance-improvements/), when the above presentation was given.
+
+Hydrogen advocates today claim it can decarbonise everything and solve global warming. But offer up the old 'in 30 years' the issues will be solved argument with little substance. This puts 2050 as the year the hydrogen economy will be mature.   This is where I see the biggest issue, the disconnect from reality.
+
+Carbon emissions need to be cut now to limit the impacts of global warming. The answer we have today is to replace oil/coal/gas with solar/wind. Solar and wind energy is [cheap](https://www.lazard.com/perspective/levelized-cost-of-energy-and-levelized-cost-of-storage-2020/) and largely eliminates fossil fuels, but needs energy storage to smooth out supply and for transport. Enter batteries and hydrogen.
+
+Countries want to get to net zero emissions by [2030-50](https://en.wikipedia.org/wiki/Carbon_neutrality#Countries_and_nations). Current impressions are that hydrogen will be mature enough to start helping by 2050. ICE engines are to be eliminated from new vehicles in the main markets by [2030](https://en.wikipedia.org/wiki/Phase-out_of_fossil_fuel_vehicles#Countries_and_large_jurisdictions). Hydrogen anything is still just trials or pilots today. Batteries are deep into the economies of scale curve. Hydrogen seems poised to show up a day late and a dollar short. We need a commercial solution now, and batteries are ready now. Hydrogen appears to be ready to show up in 2050, but thinks it's competition will still be traditional fossil fuels. By the time 2050 comes, batteries will be the established competition. I think hydrogen will fail due to efficiency, you don't gain many benefits to justify the 30-40% efficiency compared to 90% (rough numbers) for batteries.
+
+I think hydrogen has the hype behind it because it can allow large oil/gas/coal companies to maintain the status quo. Centralised  generation and distribution through a network they already own. They can deplete oil/coal/gas deposits to the point they are no longer economically viable then move to green hydrogen. By this point they control the supply and stay relevant for decades to come. Batteries render these companies largely irrelevant in the current guise. If big oil is dumping cash behind the current government to push the above, the net zero goal after 2050 makes a lot of sense.
+
+Article from [Jade Code Partners](https://www.jadecove.com/research/hydrogenscam) with similar sentiment. They are [balls deep in Lithium](https://www.jadecove.com/projects) so are somewhat biased. 
+
+Hydrogen will have a place in niches. Use in steel production to eliminate coal is the highlight here.
+
+Issues to keep in mind:
+
+1. Costs. Hydrogen need to hit $2 per kg to be [viable](https://arena.gov.au/blog/australias-pathway-to-2-per-kg-hydrogen/)
+2. Emissions. Relates to cost, green hydrogen can't do $2 per kg yet
+3. Fuel cell tech. Expensive, big and moving slowly
+4. [Hydrogen embrittlement](https://en.wikipedia.org/wiki/Hydrogen_embrittlement). Steel don't like hydrogen 
+
+Some specific ramblings below
+
+**Supply & Demand**
+
+Issue here is the vagueness. Every form of hydrogen has a colour and there is some technology that will fix the issue. Carbon capture fixes the non-green sources. Economies of Scale solve the cost. Detail is light. Many R&D/pilot plants but where is the scaling to commercial levels?
+
+ Demand? All the news on use for hydrogen in Australia is for export. Suspect this focus will leave the domestic market in the same place as natural gas today. Should be cheap but ends up super expensive due to domestic supply being the export market's sloppy seconds. 
+
+Japan is hyped as a market. It's an interesting one. Their drive is a clean energy source that gives them independence and control over their domestic supply. Before Fukushima nuclear was the answer. I suspect their game is use cheap imports to spark the domestic market then cut off imports as domestic supply firms (say using electrolysis and offshore wind). Offshore wind would have it's own issues, Chine/North Korea on one side and Tsunamis destroying infrastructure on the other side. Other countries hyping import for a domestic use I suspect are in a similar boat.
+
+Japan and energy, [one](https://spfusa.org/wp-content/uploads/2018/06/JapanEnergyConundrum_SPFUSA.pdf) and [two](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwivq66kkdfuAhX8zTgGHYUcBzgQFjACegQIAxAC&url=https%3A%2F%2Fwww.mdpi.com%2F1996-1073%2F13%2F17%2F4539%2Fpdf&usg=AOvVaw0-SOeaBpeVJp-xZru-yZ5H) papers.
+
+**Domestic Use**
+
+Two issues here. Hydrogen embrittlement causing issues as hydrogen is introduced into the natural gas pipework. Problem either has to be solved or network rebuilt with hydrogen friendly materials.
+
+Second is domestic demand. Expensive natural gas and rooftop solar driving down electricity, people will electrify gas appliances. Don't think the demand is there.
+
+For home energy storage. There is a mob called [Lavo](https://lavo.com.au/#specs). 40kWh capacity with a max draw of 5kW, no mention of how fast hydrogen is generated or how efficiently (how much rooftop juice will you need and how long will it take to charge to max capacity. Cost 30-35k and will take a few years before it's freely available. I'd rather 3 Tesla power wall units, close to the same capacity, draw and cost. But much more efficient and I'd wager charges much faster.
+
+**Transport -** ***Cars***
+
+The big one. Thoughts on some points.
+
+Refuelling vs recharging.
+
+Refuelling a Fuel Cell EV (FCEV) will be better than recharging a Battery EV (BEV). I'm calling this a myth. Let's look at how they work (ideally, Australia is backwards in both so we'll forget we exist for now).
+
+BEV. Day to day, a BEV will be recharged at home overnight. Cost = free as it's done using rooftop solar. Either directly during the day (say at work or the weekend) or using other programs such as solar credits or receiving a fee for using your battery in the grid. Every day you have a full tank without leaving the house. For the handful of times a year you are on a road trip, fast DC charging. As you are a responsible driver, every 2 hours stop, revive & survive. Plug in, toilet break, coffee, feed and back to the car which is fully charged. 1/2hr for a charge today and dropping.
+
+FCEV. Still the service station, like LPG. The target time is 5 minutes. Safety says you have to stand by the car to fill. Too many back to back fills and this speed will degrade. 10, 15, 20 and so on minutes. Cost wise, well considering Toyota have only just stated to allow you to buy one in California (used to be [lease with fuel credits](https://www.autoblog.com/2020/12/16/2021-toyota-mirai-pricing-range/) to hide the true costs). It's not good. [Autoweek](https://www.autoweek.com/drives/a33651995/bye-bye-long-term-mirai/) claims 29 cents per mile for hydrogen in California versus 9 cents per mile for a model S in fuel costs.
+
+FCEV selling point is it should only be a little worse than normal petrol cars for refuelling. By the time they are actually on the road, people will have started to forget petrol stations were a thing. Puts FCEVs at a disadvantage.
+
+*Infrastructure*
+
+[Cal Gov report](https://ww2.arb.ca.gov/sites/default/files/2020-09/ab8_report_2020.pdf) shows slow progress. Challenge is station owners have to spend millions to build a station and complete with complex [requirements](https://www.nfpa.org/codes-and-standards/all-codes-and-standards/list-of-codes-and-standards/detail?code=2) to get a share of a few thousand vehicles that are likely lightly used because it can cost 70USD to fill a tank. Chicken and egg problem. 
+
+For BEV, the grid already exists. It's cheaper, easier and more potential customers.
+
+*Fuel Cell Car Tech*
+
+Some stories.
+
+Honda. Has [developed FCEV tech with GM for years](https://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2017/jan/0130-tunein.html). Already has the Clarity. Their BEV product stack is light on. Honda [leave F1](https://the-race.com/formula-1/why-honda-is-leaving-f1/) to focus on future vehicles. Honda are playing catchup on BEV.
+
+GM have a [fuel cell system](https://www.gmhydrotec.com/product/public/us/en/hydrotec/Home.html). They are happy to [sell it to others](https://www.gmhydrotec.com/product/public/us/en/hydrotec/Home.detail.html/content/Pages/news/us/en/2021/jan/0127-navistar.html). Nothing but crickets on their own FCEV. Spending a [lot](https://www.theverge.com/2020/11/19/21575153/gm-electric-ev-investment-deadline-cadillac-chevy-hummer) on BEV. 
+
+[Toyota Japan hates BEVs](https://electrek.co/2020/12/17/toyota-ceo-lack-of-vision-spreads-ev-misinformation-spells-the-end/)
+
+Nikola motors. Hydrogen's poster boy until about oh sometime [last year](https://hindenburgresearch.com/nikola/).
+
+Our own H2X has partnered with a [Canberra concreter](https://www.electrive.com/2020/06/15/australian-startup-to-build-fcevs/). At least they have an [ABN](https://www.abr.business.gov.au/ABN/View?abn=48636693288) (I think?). Look forward to their [hydrogen tractor going on sale in April](https://www.h2x.earth).
+
+Other automakers are pretty quiet on the subject.
+
+Papa Elon calls them '[fool cells](https://www.washingtonpost.com/technology/2020/02/26/hydrogen-fuel-cell-cars/)'.
+
+Many [reasons](https://energypost.eu/hydrogen-fuel-cell-cars-competitive-hydrogen-fuel-cell-expert/) why they don't really work. Like a BEV with extra steps.
+
+**Transport - Trucks**
+
+Refer to the part 2 article at the start. Argument is that FCEV will win here because they can hit high ranges without loosing haulage capacity. The reality is trucks don't go that far and required stops (logbook or loading/unloading) provide opportunities to recharge. Amazon are going [BEV](https://www.theverge.com/2021/2/3/22264174/amazon-rivian-electric-delivery-van-la-test-cities). BEV trucks address 99% of the problems. Think the Tesla semi will be the shift in opinions on this.
+
+**Transport - Air**
+
+Hydrogen should have an advantage here thanks to physics. But the fuel is in the wings, and they move [a lot](https://www.youtube.com/watch?v=--LTYRTKV_A). Putting a 300 bar pressure vessel in there seems hard.  Could move in the fuselage but then that is lost cargo space. Thought are biofuel with carbon capture will be the answer here until another revolution happens in technology.
+
+**Steel Production**
+
+I think this is an opportunity. [HYBRIT](https://www.hybritdevelopment.com).  This could be where HZR gets it's little niche too. Biogas feeds into the unit on a steelmaking site, hydrogen for the HYBRIT process and sell graphite for batteries to cover the bills.
+
+**I don't have time for this tin foil hat stuff, the TL;DR?**
+
+Thoughts on the hydrogen economy is it's hyped up so much any higher and you'd be on the pineapple express. Riding the hype? Follow the news and pick an exit point. Be aware of reports cooking the data to sway the results. Other possibility is find a niche use that will survive the fall if hydrogen fails to deliver.
+
+Hydrogen is competing against lithium batteries, and Lithium has the momentum right now.
+Sorry if it's been posted already. Was reading the Teddy goes to China book and noticed our chairman has the GameStop app open on his cell phone! I love this company. DRS DRS, NFA I like bananas
+This will PUMP like crazy again!!!!
+
+> - Application for Binance, Coinbase end of Feb 
+- Limit orders from 1inch and uniswap
+- Codebase is open source and open for contribution
+- Chainlink integration 
+- 10$ price forecast
+- Goal is to become a 1 Billion company
+- Team buying back coins
+- Coinbase wallet, Trust wallet
+- UI improvement end of Feb
+- Tshirts soon
+There is nothing to see here. The market has boiled up higher because repo markets are proving out that the Fed will bail out the banks in a liquidity crisis. The Dow needs to fall at least another 2000 points before I'm even interested to look at it. We desperately need a good sized correction. Quit buying calls, unless you want to get ran over.
+As Buffett has said, “The stock market is a device for transferring money from the impatient to the patient.”
+
+*If you lose money in the market, it’s because of a decision you made — and if you make money in the market, it’s because of a decision you made.*
+
+The market is going to do whatever it’s going to do. 
+
+**But you determine whether you’ll win or lose.**
+Data-sharing website Dropbox Inc. is reportedly hiring underwriters for an initial public offering that is set to come later this year. If this happens, Dropbox would become the largest US-based technology company to go public since Snap Inc. did earlier this year, which has not been successful for the company so far. Back in 2014, Dropbox Inc. was valued at almost $10 billion USD in a private fundraising round. The company has yet to comment on the situation.
+Morning apes! 
+
+I've been watching the volume very closely for a while and yesterday we hit a record low for a monday and by A LOT. I felt like that was worth a quick post to follow on from my post over the weekend and also for those who read the brilliant post from u/Suspicious-Singer243 I think he nailed this! 
+
+[https://www.reddit.com/r/Superstonk/comments/n3ehw0/the\_march\_to\_zero\_liquidity\_volume\_or\_bust/](https://www.reddit.com/r/Superstonk/comments/n3ehw0/the_march_to_zero_liquidity_volume_or_bust/)
+
+Please read if you haven't already! 
+
+​
+
+[Mondays](https://preview.redd.it/gne3ygb9c2x61.png?width=1143&format=png&auto=webp&s=9750f525108965ef4bdbaaba84bd9be1a3466365)
+
+​
+
+[Tuesdays](https://preview.redd.it/igweul1bc2x61.png?width=1279&format=png&auto=webp&s=9e05b70f4c3a19ac540aa377b336afdb144aef96)
+
+​
+
+[Wednesdays](https://preview.redd.it/3sb9ag2dc2x61.png?width=1273&format=png&auto=webp&s=3662e83b40502e20ce5755acf620a069f4b3e290)
+
+​
+
+[Thursdays](https://preview.redd.it/wbtj5e3fc2x61.png?width=1267&format=png&auto=webp&s=f1bb04dac0eef8782fd17cfa77c24ed6bce3ecf7)
+
+​
+
+[Fridays](https://preview.redd.it/7zz94x3ic2x61.png?width=1266&format=png&auto=webp&s=d58134c0635f95d95d33009e4380328206151b0c)
+
+​
+
+Just wanted to post this quickly so that the data is out there, data is king. Power to the players!
+There are many posts, tweets, and comments stating that Citadel is under investigation by the DOJ. While this could be true, I have found no primary or secondary (e.g. the media) sources actually saying this. All that has been reported is that an employee of Citadel recieved a subpoena and that the DOJ is seeking information from Citadel executives.  
+
+So what does this mean? In all fairness, it is too vague to draw any conclusion other than that the DOJ believes that Citadel may have relevant information to aid in its Morgan Stanley block trade investigation. 
+
+I subpoena companies all the time to aid in the prosecution of my cases. Unless the company is actually a party in the case, I'm just seeking documents that will help my case.  For example, I regularly send subpoenas to cell phone carriers during the course of investigating my cases.  It's not because I suspect that the cell phone carrier did something wrong, but instead to see who the person whose records I'm seeking was talking to around the time of the incident that gave rise to my lawsuit. 
+
+Could the evidence obtained by the DOJ via the subpoena lead to an investigation of Citadel?  Of course, but that is not yet what is being reported or disclosed by the DOJ.  Until that happens, we should stick to the facts.
+
+I love how this sub typically rejects speculation being called "news" and we should make no exception here. 
+
+Happy Friday and DRS!
+I just purchased my first property. I had quite a bit of equity in my house and still have 20+ years until retirement so wanted to take a chance on an investment property while I still have a steady paycheck. I’ve been going to commercial auctions in my area and can never beat the big guys. They will just keep their hand up until they win. I decided to look elsewhere and eventually came across a building being auctioned by an estate. It’s about 20miles away and I went to check it out. It currently has one store front that is leased by post office (5 year lease at 17400 annually and has been there for a long time.) The other store front needs some cleaning and junk moved out of it but could have potential. The only thing is the town is what some might consider low income and I’m not sure how much interest there is in people opening businesses there. The ones that are there have been there for a longtime. The upstairs has 4 apartments and they are pretty rough. 1 is decent and just needs some TLC but the others are a little intimidating. There is also a block garage on the back side of the property in parking lot and could be well suited for a mechanic shop or similar. There are two garage stalls 23x75 under the building and one could possibly be used for storage. 
+
+I need to get some roof repair done on the back side and hopefully don’t run into more than I can handle. I mainly purchased it because of the post office being there.  It wanted to possibly generate some more income somehow. Thought about remodeling one apt and see how it goes. Will probably offer garage up for rent as a shop. A bonus is the building is packed with all kind of antique furniture and store front desks from the early 1900’s. There is also an antique tractor in the garage. I may have to have another auction and possibly make a few grand back right away or use it for repairs. 
+
+Does anyone have any ideas that I haven’t mentioned or possibly just some encouragement because I have t even taken ownership and am already nervous. I’ve built my own house so there isn’t anything I can’t fix. It’s just a rural low income community and I’m not sure how to market the other space. Or should I just keep the post office happy and not to prey about the other space?
+Humble brag: just crossed the 500k$ net worth mark (excl. real estate)
+
+My wife and I map our net worth every quarter. We monitor investments a bit closer, but generally we like to make a state of the union every quarter. I work tech, she does biotech. 
+
+We started monitoring at 40k on 1/1/2016. We moved from Europe to USA in 2018, and that was the best financial decision we made in our life. NW in 2018 before move was 120k, and we added roughly 400k$ in just two years. Sometimes I don’t believe the numbers, but numbers don’t lie. 
+
+At the end of lasts quarter (March 30), we were down 50k$ for the quarter. This time around, we are up 120k$ for the quarter compared to March. Meaning up 70k$ for the year. 
+
+In terms of allotment, 75k$ is in cash/savings, about 150k$ is in 401(k) (work allows 35k yearly additional Roth contributions and matches 50%) and 300k is in personal taxable stock account. Most if that is in ETF. 
+
+On a side note, we still own our original real estate in Europe and are renting it out. We still need to pay 140k€ on a 188k€ mortgage, but at a interest rate of 0.98% we’re not really worried about it. Its not included in net worth calculations. 
+
+No FATFIRE number yet, just enjoying the ride while it lasts.
+First off, before I begin... Verge is a shitcoin.
+
+What problem does it solve better than any of the top 10, what is it's purpose, and why is it worth what it is worth?
+
+If you can't answer these questions honestly, then it is in fact... a shitcoin.
+
+Now, besides all that, the coin was literally hacked last week, and the price of it was actually still going up... in a fucking bear market. Now come on, even if you jerk off to this coin, and spread its greatness all around the interwebs, even you have to admit that it's a bit fucking suspicious right?
+
+Then, the sole developer, living in his moms basement, allegedly, with a bit too much hair on his neck, allegedly, has the ball to tell his community, that he will release news on the "biggest partnership in cryptocurrency history" if... you give him millions of dollars.... to pay his taxes... allegedly.
+
+And then he goes ahead, and changes the big announcement date to the 17th of April, which so happens to be the exact day all United States taxes are due... coincidence?
+
+I mean I wish I was making this shit up people, but are people really this fucking dumb, or is the developer actually being trolled himself, and these so called investors are actually just 4Channers waiting to pump and dump this thing like nothing ever seen before?
+
+That's the only explanation I could come up with, that or the whole thing is being manipulated by team McAfee, hence the original push... what say you guys?
+Things may be looking unfortunate with the current red streak in energy, but the fundamentals still stand. The UAE and OPEC want steady oil at around $70/bbl. 
+
+7 weeks of oil inventory draws tell a different story than the market is showing. Oil storage is around/below the procovid average.
+
+Risks include: 1) another price war - bearish -  oil likely back to $40/bbl or potentially lower
+
+2) UAE / OPEC agreement - bullish - oil stays high
+
+3) More production is added by OPEC - bullish - more OPEC supply exhausted, so oil likely steady
+
+Buy the dip, but be wary the dip might keep dipping
+
+[https://oilprice.com/Latest-Energy-News/World-News/API-Reports-Seventh-Straight-Inventory-Draw.html](https://oilprice.com/Latest-Energy-News/World-News/API-Reports-Seventh-Straight-Inventory-Draw.html)
+It's not at all new information that GME is being f\*cked with in about every single way imaginable. This is a comprehensive DD that combs through key data and looks at Citadel's prior infractions in order to make connections with how Shitadel and friends have been influencing $GME price action.
+
+This DD is meant to be as approachable as possible to be friendly toward our new apes and those without many wrinkles.
+
+Some disclaimers before we begin:
+
+* I am not a financial advisor and this is not investment advice.
+* To the best of my knowledge the information in this post is accurate, but I am more than capable of making mistakes so feel free to correct me if there are errors & I am happy to edit this post.
+
+# GME: The Most Manipulated Stock
+
+Contents:
+
+1. OTC data
+2. Wash Sales
+3. ATS data/dark pools
+4. Married Puts
+5. FTDs. Seriously where the fuck are these shares???
+
+# Controlling the price: OTC Volume on GME
+
+* OTC or **“Over the counter” trading is a type of trade between two parties without the supervision of an exchange.** It should really be called “behind the black curtain” trading to be more accurate to its name.
+* **GME OTC volume as % of float in February 2021 was 234x higher than the average volume as % float for Dow 30 stocks.** GME Traded at 655% of the float via OTC. Meanwhile average OTC trading volume for Dow 30 in Feb was roughly 2.8% as a percentage of float.
+   * [https://www.reddit.com/r/Superstonk/comments/mw2p3j/analysis\_gme\_percentage\_of\_float\_trading\_on\_otc/](https://www.reddit.com/r/Superstonk/comments/mw2p3j/analysis_gme_percentage_of_float_trading_on_otc/)
+* A public stock exchange has the benefit of facilitating liquidity, providing transparency, and maintaining the current market price. **In an OTC trade, the price is not necessarily publicly disclosed. Why does this matter? When the price is not publicly disclosed, OTC can be a way to route buy orders to suppress them from affecting the price of the security.**
+* OTCs, like dark pools, are designed to **limit transparency** and prevent the transfer of shares from affecting the price listed on public exchanges. **It is easy for a market maker like Citadel to route retail buy orders through the OTC because they use PFOF** (payment for order flow) with a large number of retail brokers (ie Citadel paying Robinhood etc to route orders where they want orders to go and give investors unfair prices. They make a lot of money from this.) More info on PFOF and how it's been fucking over retail investors for years:
+   * [https://bsic.it/how-payment-for-order-flow-is-impacting-markets-the-robinhood-and-citadel-case/](https://bsic.it/how-payment-for-order-flow-is-impacting-markets-the-robinhood-and-citadel-case/)
+
+# January OTC Data
+
+[The total shares volume for GME was 525,247,645 in OTC January data. ](https://preview.redd.it/hgwtn2gfvyu61.png?width=2260&format=png&auto=webp&s=5800c80722c5df9333ea6d21bb6fb6f5610af605)
+
+* **Citadel traded around 250 million shares in about 2.5 million trades, meaning each trade had about an average of 100 shares.** This low volume per trade signals that Citadel is likely using OTC trades to route small retail orders and the recently published February data is even more damning.
+
+# February OTC Data
+
+[The average of Citadel volume per trade shrunk to 115mil\/2.6mil per trade or roughly 44 shares per average trade of GME OTC. ](https://preview.redd.it/8x362sjhvyu61.png?width=2276&format=png&auto=webp&s=ddeb05cb689599834bb56081628ddea520a68d5a)
+
+* How can monthly trading volume on the OTC be this high if the float of GME is so much smaller? Where is this liquidity coming from?
+* Let’s have a look at Robinhood’s GME OTC data from February once we scroll down this list.
+
+[In February 2021, Robinhood Securities LLC exchanged 774,632 shares over the OTC in about 772,023 trades. Let that sink in. ](https://preview.redd.it/dplj2c3kvyu61.png?width=2260&format=png&auto=webp&s=6e66ea03aa942e5b39d94ea6b2a8fe09c6d8af99)
+
+* **THE AVERAGE SHARES PER GME OTC TRADE UNDER ROBINHOOD WAS ONE SHARE!! YOU REALLY CAN’T MAKE THIS UP!!!**
+* This is significant because Robinhood is a **retail broker** & retail investors have been overwhelmingly buying shares through its platform (Not anymore I hope. GTFO of Robinhood). Low volume per trade signifies that Robinhood is routing even its smallest orders through OTC & dark pools in order to suppress $GME price. 
+* Citadel is bleeding money to route orders through the OTC, just so that our orders don't launch the share price:
+
+1. "In an OTC market, dealers act as market-makers by quoting prices at which they will buy and sell a security, currency, or other financial products. **A trade can be executed between two participants in an OTC market without others being aware of the price at which the transaction was completed."**
+2. "In general, OTC markets are typically less transparent than exchanges and are also subject to fewer regulations. Because of this, liquidity in the OTC market may come at a premium."
+
+See for yourself the OTC data if you want:
+
+[https://otctransparency.finra.org/otctransparency/Agreement](https://otctransparency.finra.org/otctransparency/Agreement)
+
+Click OTC (Non-ATS) Issue Data
+
+View -> Monthly
+
+Issue -> type in GME
+
+Report -> NMS
+
+Date, see January or February of 2021 or new months if available
+
+# Wash Sales
+
+* **"On January 9, 2014, the New York Stock Exchange charged Citadel Securities LLC with engaging in wash sales 502,243 times using its computer algorithms.** A wash sale occurs when the buyer and the seller are the same entity and there is no change in beneficial ownership. Wash sales are illegal because they can manipulate stock prices up or down. **Citadel paid a paltry $115,000 fine for half a million violations."**
+* **'The New York Stock Exchange also said Citadel “erroneously sold short, on a proprietary basis, 2.75 million shares of an entity causing the share price of the entity to fall by 77 percent during an eleven minute period.”** In another instance, according to the NYSE, Citadel’s trading resulted in “an immediate increase in the price of the security of 132 percent.”'
+   * 🤪don't you hate it when you accidentally short a stock and it falls by 77% percent in 11 minutes
+   * I wonder if they "erroneously" did the same thing when GME fell from $340 to $170 in about 20 minutes. hmmmm. happens to the best of us, I suppose.
+* Isn't it cute how these SEC fines are so cheap we can document a lot of Citadel's bullshit? I don't have time to include it all in this post but here's some nice reading if you haven't already read it "Citadel Has no Clothes"
+   * [https://www.reddit.com/r/GME/comments/m4c0p4/citadel\_has\_no\_clothes/](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/)
+
+# ATS Data / Dark Pools
+
+* "A dark pool is a privately organized financial forum or exchange for trading securities. Dark pools allow institutional investors to trade without exposure until after the trade has been executed and reported. **Dark pools are a type of alternative trading system (ATS) that give certain investors the opportunity to place large orders and make trades without publicly revealing their intentions during the search for a buyer or seller."**
+* Dark pools are meant for certain investors to place **LARGE ORDERS** with almost no transparency.
+
+[Source: WS on Parade ](https://preview.redd.it/l18eixfyvyu61.jpg?width=489&format=pjpg&auto=webp&s=64bd2e93edb7bac4269502083174e7249d1f75c5)
+
+* "During the week of that big spike in share price, the week of January 25, two of the biggest names on Wall Street used their Dark Pools to trade big amounts of GameStop shares. **UBS’s Dark Pool ranked number one in both share volume and the number of trades. It traded 10.66 million shares of GameStop in a total of 217,118 trades. One of JPMorgan Chase’s Dark Pools, JPM-X (the SEC allows it to have two Dark Pools) ranked number two for the week with 5.15 million shares of GameStop traded in a total of 30,835 trades."**
+* "But here’s what doesn’t make sense about those numbers. Both UBS and JPMorgan Chase focus on institutional and high net worth clients. If you divide the January 25 weekly share volume for UBS by the number of trades, it works out to an **average trade size of approximately 49 shares – an odd lot. If you do the same for JPMorgan’s Dark Pool, it works out to an average trade of 167 shares."**
+
+Institutions will typically place orders between **1,000 and 10,000 shares** through OTC and dark pools. Why are these averages so low?
+
+**Chart: Weekly Average GME Shares per Trade via ATS/Dark Pools**
+
+[Source: Finra's public ATS data on GME. ](https://preview.redd.it/uasaz1f4wyu61.png?width=750&format=png&auto=webp&s=a96579d89832d06ca2c75fea62029cc5dd8e1231)
+
+* Notice how the average of shares per trade decreases after GME's big spike and stays low.
+* Some Dark Pools work as intended. For example: in week 2/1/21 **Blackrock's dark pool traded 189,312 shares of GME in 19 trades for an average of 9,963 shares per trade.** In this same week BIDS traded 99800 shares over 196 trades for an average of 509 shares of GME per trade.
+* Others are routing smaller orders through these notable exchanges (2/1/21 week data):
+   * CROS routed a volume of 836,259 shares in 40,733 trades for an average of 21 shares GME per trade
+   * DBA-X routed 1,043,761 shares in 23,353 trades for an average of 45 shares GME per trade
+   * EBXL routed 1,213,755 shares in 15526 trades for an average of 78 shares per trade
+   * IAT-S routed 4,900,530 shares in 90616 trades for an average of 54 shares per trade
+   * JPM-X routed 819,664 shares in 11308 trades for an average of 72 shares per trade
+   * KCGM routed 1,058,700 shares in 25,052 trades for an average of 42 shares per trade
+   * SGMT routed 1,089,268 shares in 20,196 trades for an average of 54 shares per trade
+   * UBS-A routed 4,290,944 shares in 144,285 trades for an average of 30 shares per trade
+
+**Taking the total number of shares traded divided by number of trades over ATS for week 2/1/21 we get 17,913,654 shares over 392,399 trades for an average of 46 GME shares per trade.** Keep in mind, this data only pertains to ONE week of trading in 2/1/21, right after our January spike when GME price entered free fall mode.
+
+So... who operates all of these dark pools. Let's see who we're fighting with here:
+
+* CROS or Crossfinder is operated by Credit Suisse
+* DBA-X: Deutsche bank
+* EBXL: jointly owned by Credit Suisse, Wells Fargo, Citigroup, Merrill Lynch (part of BOFA)
+* IAT-S: Interactive Brokers
+* JPM-X: JP Morgan Chase & Co
+* KCGM: Virtu Americas
+* SGMT: Also called "Sigma-2" by Goldman Sachs
+* UBS-A: UBS Group
+
+None of these institutions are sus at all! /s. For me, it was important to make this list to see exactly who is working against us in order to understand who is potentially at stake/ being paid off here. A number of these institutions are known for working with high net worth clients who are not making single or double digit transactions that would drive down a trading average to these low levels.
+
+# Married Puts
+
+* What is a Married Put? A **married put** is the name given to an options trading strategy where an investor, holding a long position in a stock, purchases an at-the-money put option on the same stock to protect against depreciation in the stock's price. Sounds pretty innocuous, but **the problem comes in with Bona-Fide Market Making privileges,** outlined in this published paper.
+   * [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=1675234](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1675234)
+* The paper above is some GREAT reading. A few highlights:
+   * “Equity options market makers currently enjoy **an exception from SEC Regulation SHO,** which requires short sellers to borrow or locate stock. This exception exists so that options market makers can hedge positions and maintain liquidity. **When the market making is bona fide, naked short selling is permitted.** Options market makers, however, still must locate and deliver shares within 13 days in securities that have significant failures to deliver (FTDs), also called threshold securities.
+   * **“In a married put, a short seller purchases put options from an options market maker who then \[naked\] shorts the same amount of stock back to the short seller as a hedge. If the stock sold is not a threshold security, then the options market maker may fail and never deliver.”**
+* So a hedge fund can buy put options from a market maker. The market maker wants to hedge their potential losses from making the trade. **Instead of locating shares to borrow and short, a market maker can short shares that don’t exist.** Here’s the catch: they have 13 days to locate and deliver the securities. Certainly this system of FTDs can’t easily be abused! Right...
+* Let's look a similar stock that squeezed in 2020 as an example:
+   * “\[O\*\*\*stock\] is one of many public companies with significant FTDs. The SEC, pursuant to a Freedom of Information Act request, disclosed that in Q2 2006 there were 3.8mm \[stock\] FTDs. **At the time, \[stock\] had issued 20.51mm shares, of which only 10.85mm “floated” in the market. Thus, one third of the float had failed to deliver. There is strong evidence that married puts, executed in part on the Chicago Stock Exchange, are one major source of delivery failures in \[stock\].**
+   * How did \[stock\] fight back at the shorts? By issuing a **crypto dividend.** See my other comprehensive DD if you want more info about how a crypto dividend could benefit GME similarly.
+      * [https://www.reddit.com/r/Superstonk/comments/mt62vm/the\_big\_picture\_dd\_a\_comprehensive\_dd\_suitable/](https://www.reddit.com/r/Superstonk/comments/mt62vm/the_big_picture_dd_a_comprehensive_dd_suitable/)
+* Married puts in \[stock\] executed, in part, on the Chicago Stock Exchange indicate several layers of fraudulent, manipulative and criminal activity:
+
+1. **Engaging in securities fraud by knowingly failing to deliver securities**
+2. **Mis-marking intentionally short sales as long.**
+3. **Engaging in market making activity that is not bona fide.**
+4. **Failing to comply with Regulation SHO close-out requirements (“rolling the fails”)**
+5. **Agreeing in advance not to demand delivery through buy-ins (i.e., criminal collusion).**
+
+* Another micro-cap company explains how bona-fide market makers hurt their company by abusing these practices.
+   * [https://www.globenewswire.com/news-release/2018/06/14/1524626/0/en/Explains-Illegal-Naked-Shorting-Being-Perpetrated-By-Major-Market-Makers-on-MAXD-Shares.html](https://www.globenewswire.com/news-release/2018/06/14/1524626/0/en/Explains-Illegal-Naked-Shorting-Being-Perpetrated-By-Major-Market-Makers-on-MAXD-Shares.html)
+
+# FTDs... where are the shares?
+
+What is an FTD? **"FTDs are, in effect, phantom shares that circulate in the stock market as real shares; just as counterfeit currency destroys the value of a currency, phantom shares deflate the price of a company’s shares."**
+
+Now we know that Shitadel can naked short whenever they want, and they follow market maker grace periods such as the T+13 to close out on their married puts. But how do these organizations continue to reset FTDs to avoid delivering what they owe?
+
+* A lot of the time, Shitadel and others just let some shares fail.
+   * [https://wherearetheshares.com/](https://wherearetheshares.com/)
+
+The Welborn article describes the case for \[stock\], but the implications remain the same for GME FTDs:
+
+* Note that the 3.8mm delivery failures do not include FTDs that occurred prior to netting in the Depository Trust Clearing Corporation’s (DTCC) Continuous Net Settlement (CNS) system, nor does it include FTDs in ex-clearing. **The DTCC claims that its CNS system handles 96% of settlements, and that “the Stock Borrow Program is able to resolve about $1.1 billion of the ‘fails to receive,’ or about 20% of the total fail obligation” every day. Thus, if official fails in \[stock\] reached 3.8mm, it is possible that total fails reached 20mm or more.**
+* **So.... it's possible the FTD data we're seeing is ONLY 20% of what is actually failing to deliver. Where are the rest of the shares?**
+* Check out this recent post:
+   * [https://www.reddit.com/r/Superstonk/comments/mvdgf5/the\_naked\_shorting\_scam\_in\_numbers\_ai\_detection/](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/)
+   * Disclaimer: Some of this post is speculative, but I still think the data presented is really interesting and definitely worth a read if you haven't seen it yet.
+   * TLDR: OP built an AI that detected 140 million FTDs via Deep ITM calls, married puts, and other dark pool trading data.
+   * Deep ITM calls were purchased and immediately exercised in order to "deliver" counterfeit shares to reset the FTD cycle. Another excellent post that dissects this:
+      * [https://www.reddit.com/r/GME/comments/mhv22h/the\_si\_is\_fake\_i\_found\_44000000\_million\_shorts/](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/)
+
+# Do the SEC & DTCC know that missing FTDs can be obscured?
+
+Yes, yes they do. They've known for **decades.** Deep ITM call options are being purchased less and less often now (as far as we can tell) from new DTCC rules and hopefully SEC chairman Gary Gensler will begin to crack down on these fuckers too. One reason why we are actually seeing a lot of action is because these guys KNOW that hedge funds and market makers fucked up big time, and they're preemptively cleaning up the huge financial mess looming around the corner.
+
+TLDR: Bad stuff has been happening to our favorite stock, but things are turning around, and as always, keep buying and HODLing. 💎
+It's not at all new information that GME is being f\*cked with in about every single way imaginable. This is a comprehensive DD that combs through key data and looks at Citadel's prior infractions in order to make connections with how Shitadel and friends have been influencing $GME price action.
+
+This DD is meant to be as approachable as possible to be friendly toward our new apes and those without many wrinkles.
+
+Some disclaimers before we begin:
+
+* I am not a financial advisor and this is not investment advice.
+* To the best of my knowledge the information in this post is accurate, but I am more than capable of making mistakes so feel free to correct me if there are errors & I am happy to edit this post.
+
+# GME: The Most Manipulated Stock
+
+Contents:
+
+1. OTC data
+2. Wash Sales
+3. ATS data/dark pools
+4. Married Puts
+5. FTDs. Seriously where the fuck are these shares???
+
+# Controlling the price: OTC Volume on GME
+
+* OTC or **“Over the counter” trading is a type of trade between two parties without the supervision of an exchange.** It should really be called “behind the black curtain” trading to be more accurate to its name.
+* **GME OTC volume as % of float in February 2021 was 234x higher than the average volume as % float for Dow 30 stocks.** GME Traded at 655% of the float via OTC. Meanwhile average OTC trading volume for Dow 30 in Feb was roughly 2.8% as a percentage of float.
+   * [https://www.reddit.com/r/Superstonk/comments/mw2p3j/analysis\_gme\_percentage\_of\_float\_trading\_on\_otc/](https://www.reddit.com/r/Superstonk/comments/mw2p3j/analysis_gme_percentage_of_float_trading_on_otc/)
+* A public stock exchange has the benefit of facilitating liquidity, providing transparency, and maintaining the current market price. **In an OTC trade, the price is not necessarily publicly disclosed. Why does this matter? When the price is not publicly disclosed, OTC can be a way to route buy orders to suppress them from affecting the price of the security.**
+* OTCs, like dark pools, are designed to **limit transparency** and prevent the transfer of shares from affecting the price listed on public exchanges. **It is easy for a market maker like Citadel to route retail buy orders through the OTC because they use PFOF** (payment for order flow) with a large number of retail brokers (ie Citadel paying Robinhood etc to route orders where they want orders to go and give investors unfair prices. They make a lot of money from this.) More info on PFOF and how it's been fucking over retail investors for years:
+   * [https://bsic.it/how-payment-for-order-flow-is-impacting-markets-the-robinhood-and-citadel-case/](https://bsic.it/how-payment-for-order-flow-is-impacting-markets-the-robinhood-and-citadel-case/)
+
+# January OTC Data
+
+[The total shares volume for GME was 525,247,645 in OTC January data. ](https://preview.redd.it/hgwtn2gfvyu61.png?width=2260&format=png&auto=webp&s=5800c80722c5df9333ea6d21bb6fb6f5610af605)
+
+* **Citadel traded around 250 million shares in about 2.5 million trades, meaning each trade had about an average of 100 shares.** This low volume per trade signals that Citadel is likely using OTC trades to route small retail orders and the recently published February data is even more damning.
+
+# February OTC Data
+
+[The average of Citadel volume per trade shrunk to 115mil\/2.6mil per trade or roughly 44 shares per average trade of GME OTC. ](https://preview.redd.it/8x362sjhvyu61.png?width=2276&format=png&auto=webp&s=ddeb05cb689599834bb56081628ddea520a68d5a)
+
+* How can monthly trading volume on the OTC be this high if the float of GME is so much smaller? Where is this liquidity coming from?
+* Let’s have a look at Robinhood’s GME OTC data from February once we scroll down this list.
+
+[In February 2021, Robinhood Securities LLC exchanged 774,632 shares over the OTC in about 772,023 trades. Let that sink in. ](https://preview.redd.it/dplj2c3kvyu61.png?width=2260&format=png&auto=webp&s=6e66ea03aa942e5b39d94ea6b2a8fe09c6d8af99)
+
+* **THE AVERAGE SHARES PER GME OTC TRADE UNDER ROBINHOOD WAS ONE SHARE!! YOU REALLY CAN’T MAKE THIS UP!!!**
+* This is significant because Robinhood is a **retail broker** & retail investors have been overwhelmingly buying shares through its platform (Not anymore I hope. GTFO of Robinhood). Low volume per trade signifies that Robinhood is routing even its smallest orders through OTC & dark pools in order to suppress $GME price. 
+* Citadel is bleeding money to route orders through the OTC, just so that our orders don't launch the share price:
+
+1. "In an OTC market, dealers act as market-makers by quoting prices at which they will buy and sell a security, currency, or other financial products. **A trade can be executed between two participants in an OTC market without others being aware of the price at which the transaction was completed."**
+2. "In general, OTC markets are typically less transparent than exchanges and are also subject to fewer regulations. Because of this, liquidity in the OTC market may come at a premium."
+
+See for yourself the OTC data if you want:
+
+[https://otctransparency.finra.org/otctransparency/Agreement](https://otctransparency.finra.org/otctransparency/Agreement)
+
+Click OTC (Non-ATS) Issue Data
+
+View -> Monthly
+
+Issue -> type in GME
+
+Report -> NMS
+
+Date, see January or February of 2021 or new months if available
+
+# Wash Sales
+
+* **"On January 9, 2014, the New York Stock Exchange charged Citadel Securities LLC with engaging in wash sales 502,243 times using its computer algorithms.** A wash sale occurs when the buyer and the seller are the same entity and there is no change in beneficial ownership. Wash sales are illegal because they can manipulate stock prices up or down. **Citadel paid a paltry $115,000 fine for half a million violations."**
+* **'The New York Stock Exchange also said Citadel “erroneously sold short, on a proprietary basis, 2.75 million shares of an entity causing the share price of the entity to fall by 77 percent during an eleven minute period.”** In another instance, according to the NYSE, Citadel’s trading resulted in “an immediate increase in the price of the security of 132 percent.”'
+   * 🤪don't you hate it when you accidentally short a stock and it falls by 77% percent in 11 minutes
+   * I wonder if they "erroneously" did the same thing when GME fell from $340 to $170 in about 20 minutes. hmmmm. happens to the best of us, I suppose.
+* Isn't it cute how these SEC fines are so cheap we can document a lot of Citadel's bullshit? I don't have time to include it all in this post but here's some nice reading if you haven't already read it "Citadel Has no Clothes"
+   * [https://www.reddit.com/r/GME/comments/m4c0p4/citadel\_has\_no\_clothes/](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/)
+
+# ATS Data / Dark Pools
+
+* "A dark pool is a privately organized financial forum or exchange for trading securities. Dark pools allow institutional investors to trade without exposure until after the trade has been executed and reported. **Dark pools are a type of alternative trading system (ATS) that give certain investors the opportunity to place large orders and make trades without publicly revealing their intentions during the search for a buyer or seller."**
+* Dark pools are meant for certain investors to place **LARGE ORDERS** with almost no transparency.
+
+[Source: WS on Parade ](https://preview.redd.it/l18eixfyvyu61.jpg?width=489&format=pjpg&auto=webp&s=64bd2e93edb7bac4269502083174e7249d1f75c5)
+
+* "During the week of that big spike in share price, the week of January 25, two of the biggest names on Wall Street used their Dark Pools to trade big amounts of GameStop shares. **UBS’s Dark Pool ranked number one in both share volume and the number of trades. It traded 10.66 million shares of GameStop in a total of 217,118 trades. One of JPMorgan Chase’s Dark Pools, JPM-X (the SEC allows it to have two Dark Pools) ranked number two for the week with 5.15 million shares of GameStop traded in a total of 30,835 trades."**
+* "But here’s what doesn’t make sense about those numbers. Both UBS and JPMorgan Chase focus on institutional and high net worth clients. If you divide the January 25 weekly share volume for UBS by the number of trades, it works out to an **average trade size of approximately 49 shares – an odd lot. If you do the same for JPMorgan’s Dark Pool, it works out to an average trade of 167 shares."**
+
+Institutions will typically place orders between **1,000 and 10,000 shares** through OTC and dark pools. Why are these averages so low?
+
+**Chart: Weekly Average GME Shares per Trade via ATS/Dark Pools**
+
+[Source: Finra's public ATS data on GME. ](https://preview.redd.it/uasaz1f4wyu61.png?width=750&format=png&auto=webp&s=a96579d89832d06ca2c75fea62029cc5dd8e1231)
+
+* Notice how the average of shares per trade decreases after GME's big spike and stays low.
+* Some Dark Pools work as intended. For example: in week 2/1/21 **Blackrock's dark pool traded 189,312 shares of GME in 19 trades for an average of 9,963 shares per trade.** In this same week BIDS traded 99800 shares over 196 trades for an average of 509 shares of GME per trade.
+* Others are routing smaller orders through these notable exchanges (2/1/21 week data):
+   * CROS routed a volume of 836,259 shares in 40,733 trades for an average of 21 shares GME per trade
+   * DBA-X routed 1,043,761 shares in 23,353 trades for an average of 45 shares GME per trade
+   * EBXL routed 1,213,755 shares in 15526 trades for an average of 78 shares per trade
+   * IAT-S routed 4,900,530 shares in 90616 trades for an average of 54 shares per trade
+   * JPM-X routed 819,664 shares in 11308 trades for an average of 72 shares per trade
+   * KCGM routed 1,058,700 shares in 25,052 trades for an average of 42 shares per trade
+   * SGMT routed 1,089,268 shares in 20,196 trades for an average of 54 shares per trade
+   * UBS-A routed 4,290,944 shares in 144,285 trades for an average of 30 shares per trade
+
+**Taking the total number of shares traded divided by number of trades over ATS for week 2/1/21 we get 17,913,654 shares over 392,399 trades for an average of 46 GME shares per trade.** Keep in mind, this data only pertains to ONE week of trading in 2/1/21, right after our January spike when GME price entered free fall mode.
+
+So... who operates all of these dark pools. Let's see who we're fighting with here:
+
+* CROS or Crossfinder is operated by Credit Suisse
+* DBA-X: Deutsche bank
+* EBXL: jointly owned by Credit Suisse, Wells Fargo, Citigroup, Merrill Lynch (part of BOFA)
+* IAT-S: Interactive Brokers
+* JPM-X: JP Morgan Chase & Co
+* KCGM: Virtu Americas
+* SGMT: Also called "Sigma-2" by Goldman Sachs
+* UBS-A: UBS Group
+
+None of these institutions are sus at all! /s. For me, it was important to make this list to see exactly who is working against us in order to understand who is potentially at stake/ being paid off here. A number of these institutions are known for working with high net worth clients who are not making single or double digit transactions that would drive down a trading average to these low levels.
+
+# Married Puts
+
+* What is a Married Put? A **married put** is the name given to an options trading strategy where an investor, holding a long position in a stock, purchases an at-the-money put option on the same stock to protect against depreciation in the stock's price. Sounds pretty innocuous, but **the problem comes in with Bona-Fide Market Making privileges,** outlined in this published paper.
+   * [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=1675234](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1675234)
+* The paper above is some GREAT reading. A few highlights:
+   * “Equity options market makers currently enjoy **an exception from SEC Regulation SHO,** which requires short sellers to borrow or locate stock. This exception exists so that options market makers can hedge positions and maintain liquidity. **When the market making is bona fide, naked short selling is permitted.** Options market makers, however, still must locate and deliver shares within 13 days in securities that have significant failures to deliver (FTDs), also called threshold securities.
+   * **“In a married put, a short seller purchases put options from an options market maker who then \[naked\] shorts the same amount of stock back to the short seller as a hedge. If the stock sold is not a threshold security, then the options market maker may fail and never deliver.”**
+* So a hedge fund can buy put options from a market maker. The market maker wants to hedge their potential losses from making the trade. **Instead of locating shares to borrow and short, a market maker can short shares that don’t exist.** Here’s the catch: they have 13 days to locate and deliver the securities. Certainly this system of FTDs can’t easily be abused! Right...
+* Let's look a similar stock that squeezed in 2020 as an example:
+   * “\[O\*\*\*stock\] is one of many public companies with significant FTDs. The SEC, pursuant to a Freedom of Information Act request, disclosed that in Q2 2006 there were 3.8mm \[stock\] FTDs. **At the time, \[stock\] had issued 20.51mm shares, of which only 10.85mm “floated” in the market. Thus, one third of the float had failed to deliver. There is strong evidence that married puts, executed in part on the Chicago Stock Exchange, are one major source of delivery failures in \[stock\].**
+   * How did \[stock\] fight back at the shorts? By issuing a **crypto dividend.** See my other comprehensive DD if you want more info about how a crypto dividend could benefit GME similarly.
+      * [https://www.reddit.com/r/Superstonk/comments/mt62vm/the\_big\_picture\_dd\_a\_comprehensive\_dd\_suitable/](https://www.reddit.com/r/Superstonk/comments/mt62vm/the_big_picture_dd_a_comprehensive_dd_suitable/)
+* Married puts in \[stock\] executed, in part, on the Chicago Stock Exchange indicate several layers of fraudulent, manipulative and criminal activity:
+
+1. **Engaging in securities fraud by knowingly failing to deliver securities**
+2. **Mis-marking intentionally short sales as long.**
+3. **Engaging in market making activity that is not bona fide.**
+4. **Failing to comply with Regulation SHO close-out requirements (“rolling the fails”)**
+5. **Agreeing in advance not to demand delivery through buy-ins (i.e., criminal collusion).**
+
+* Another micro-cap company explains how bona-fide market makers hurt their company by abusing these practices.
+   * [https://www.globenewswire.com/news-release/2018/06/14/1524626/0/en/Explains-Illegal-Naked-Shorting-Being-Perpetrated-By-Major-Market-Makers-on-MAXD-Shares.html](https://www.globenewswire.com/news-release/2018/06/14/1524626/0/en/Explains-Illegal-Naked-Shorting-Being-Perpetrated-By-Major-Market-Makers-on-MAXD-Shares.html)
+
+# FTDs... where are the shares?
+
+What is an FTD? **"FTDs are, in effect, phantom shares that circulate in the stock market as real shares; just as counterfeit currency destroys the value of a currency, phantom shares deflate the price of a company’s shares."**
+
+Now we know that Shitadel can naked short whenever they want, and they follow market maker grace periods such as the T+13 to close out on their married puts. But how do these organizations continue to reset FTDs to avoid delivering what they owe?
+
+* A lot of the time, Shitadel and others just let some shares fail.
+   * [https://wherearetheshares.com/](https://wherearetheshares.com/)
+
+The Welborn article describes the case for \[stock\], but the implications remain the same for GME FTDs:
+
+* Note that the 3.8mm delivery failures do not include FTDs that occurred prior to netting in the Depository Trust Clearing Corporation’s (DTCC) Continuous Net Settlement (CNS) system, nor does it include FTDs in ex-clearing. **The DTCC claims that its CNS system handles 96% of settlements, and that “the Stock Borrow Program is able to resolve about $1.1 billion of the ‘fails to receive,’ or about 20% of the total fail obligation” every day. Thus, if official fails in \[stock\] reached 3.8mm, it is possible that total fails reached 20mm or more.**
+* **So.... it's possible the FTD data we're seeing is ONLY 20% of what is actually failing to deliver. Where are the rest of the shares?**
+* Check out this recent post:
+   * [https://www.reddit.com/r/Superstonk/comments/mvdgf5/the\_naked\_shorting\_scam\_in\_numbers\_ai\_detection/](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/)
+   * Disclaimer: Some of this post is speculative, but I still think the data presented is really interesting and definitely worth a read if you haven't seen it yet.
+   * TLDR: OP built an AI that detected 140 million FTDs via Deep ITM calls, married puts, and other dark pool trading data.
+   * Deep ITM calls were purchased and immediately exercised in order to "deliver" counterfeit shares to reset the FTD cycle. Another excellent post that dissects this:
+      * [https://www.reddit.com/r/GME/comments/mhv22h/the\_si\_is\_fake\_i\_found\_44000000\_million\_shorts/](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/)
+
+# Do the SEC & DTCC know that missing FTDs can be obscured?
+
+Yes, yes they do. They've known for **decades.** Deep ITM call options are being purchased less and less often now (as far as we can tell) from new DTCC rules and hopefully SEC chairman Gary Gensler will begin to crack down on these fuckers too. One reason why we are actually seeing a lot of action is because these guys KNOW that hedge funds and market makers fucked up big time, and they're preemptively cleaning up the huge financial mess looming around the corner.
+
+TLDR: Bad stuff has been happening to our favorite stock, but things are turning around, and as always, keep buying and HODLing. 💎
+It is amazing to me that a country can pull the same stunt three times, and have it work every single time. China has "banned" crypto in different ways three separate times. In 2013, 2017 and now in 2021. They are doing this in order to manipulate prices downwards, for better buy in prices for themselves. 
+
+**If china really wanted to ban crypto they would have done so already. They have a massive vested interest due to their bitcoin miners, all they are doing right now is manipulating the price for a better entry point.**
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+The Peachfolio app has now been downloaded over 70k times and has hundreds of 5* reviews! Download it yourself and see why DeFi traders love it. Get it for free right now from Google Play Store or Apple App Store. 
+
+Key points:
+
+There has never been a better time to buy. Huge Peachfolio Ecosystem just announced.  It’s going to take over DeFi.  Check it out in their new Whitepaper 2.0, on the new website!
+
+
+Price alerts are coming to the app this week!  Nov 3rd - put it in your diary.  The most useful feature for DeFi traders ever to hit the market.
+
+
+Team doxxed to celebrate Whitepaper launch. Special surprise events are coming too… 🔥
+
+
+Audit passed with flying colours. 
+
+
+Utility for the $PCHF token locked on November 10th via tiered Pro features in the Peachfolio ecosystem, requiring users to hold $PCHF for access.
+
+
+That's potentially 70k new $PCHF holders coming in as soon as it unlocks app features such as price alerts - huge buying pressure. 
+
+Amazing potential for growth with the current market cap! This project is a sleeping giant of DeFi, but is becoming more and more well-known. Do not be the one that misses out. This could easily do x200.
+
+PeachHub on the way - the Peachfolio web app!  A huge addition that will compete with and go beyond the biggest DeFi chart tracking websites. It will also require holding $PCHF for even more buying pressure.
+
+
+Just partnered with the huge CumRocket.  Even Elon Musk has Tweeted about them!  
+
+
+Peachfolio Partners include CumRocket (CUMMIES), Save Planet Earth token (SPE), the huge NFT marketplace Hodooi (HOD), and the amazing UltraSafe (ULTRA). 
+
+
+Now working with crypto-specialist marketing agency Cryptoken.  You can already see the effect the first stage has had on the chart. Just wait til this ramps up. 
+
+
+Incredibly hard working team that keeps on delivering - this isn’t another project promising the world and not delivering.  They’ve already delivered an amazing app on time and far exceeding expectations.  Expect brilliance.
+
+
+Constantly growing community that is helpful and friendly, plus App Support group too!  Join the TG to get involved.  
+
+ 
+Track your DeFi tokens easily with the Peachfolio app. Just add your public wallet address and start tracking today. Track your BSC and ETH tokens, with more blockchains in the pipeline decided by the Peachfolio community. It even tracks tokens that have just launched! 
+
+With new and exciting features being constantly added, the app that’s already getting great reviews keeps on getting better.  
+
+View as many wallets as you want, filter tokens, check your portfolio value, see profit and loss per token and wallet, and get accurate prices at your fingertips.  
+
+DeFi trading just got peachy: 
+https://www.youtube.com/watch?v=XZFg6yXXiCE 
+
+Key Details:
+Contract: 0xc1cbfb96a1d5361590b8df04ef78de2fa3178390
+Ticker: $PCHF
+
+www.peachfolio.app
+https://twitter.com/peachfolio
+https://t.me/peachfolio
+https://www.reddit.com/r/peachfolio/
+https://github.com/Peachfolio/V1-Beta/issues
+https://www.dextools.io/app/bsc/pair-explorer/0x27260a3ad517a2b0df888f76131d8921053a0eb5
+
+Join the #peacharmy now!
+This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics.
+
+**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements)
+
+* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements.
+
+## flair links
+
+Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile.
+
+[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot
+) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot
+) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot
+) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot
+) | [Daily News](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) |
+| [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot
+) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot)
+
+# important links
+
+[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review)
+
+**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
+Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk.
+
+*Daily discussion threads are created at 4:00 a.m. EDT*
+Besides scaling and Casper because those have been on the roadmap for years now.
+
+​
+
+An ETF? Derivatives? Announcements from Fortune 500 companies they are adopting ETH's tech?
+Good Morning!
+
+Overslept bigly, due to a minor cold.
+
+I'm up skip the bullshit and right to the goods.
+
+Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/)
+
+Video on my current theory ... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw)
+
+For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists).
+
+Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial)
+
+Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
+
+(save these links in case reddit goes down)
+
+Historical Resistance/Support:
+
+116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...
+
+# After Market 
+
+I just want to address the growing FUD right up front: 
+
+* **The theory remains intact.**
+* Not only are we still within the T+2 window for them to settle their exposure. We have already seen massive price action expected within this window. 
+* Is it over?  Not necessarily, I currently do not feel like sufficient volume has traded to satisfy their exposure today. 
+* If they are internalizing the losses, it is to drive retail out of their options and minimize their necessary hedge. 
+* By retail selling off contracts this minimizes the amount of hedging they need to do while running the price. 
+* We can already see them covering exposure on other ETF basket stocks to a greater degree such as DDS, M, JWN...etc. 
+* They will also have to cover their exposure on GME.
+* If you bought into weeklies and lost money this is on you. I have **constantly discouraged** the buying of short term contracts, they present a great deal of risk. If you made money on weeklies in the last two days you did well. If you held hoping for the moon, you were greedy, and the money lost was your own fault. For the people that bought far dated contracts their profits are still up and will continue to rise as the rest of this cycle plays out. 
+
+\- gherkinit
+
+https://preview.redd.it/5nmry2atwe181.png?width=697&format=png&auto=webp&s=1b4f1406eb79eace0220c17a413c89c6c5fa5170
+
+​
+
+Edit 7 2:27
+
+Consolidation leading to another bottom a little higher could be a bounce, remember they have till market open tomorrow to place orders for T+2 exposure window
+
+https://preview.redd.it/ad8xf9boce181.png?width=1622&format=png&auto=webp&s=5cac4d183e05c2fb4e7b51622994b1e105b9763a
+
+Edit 6 1:54
+
+Pivot! Not gonna lie that was a scary ride but 🙏💎🙏
+
+https://preview.redd.it/d9p5k66n6e181.png?width=1609&format=png&auto=webp&s=c2d834b5c649e15fc8cc33c94b3d9eb5d1e690de
+
+Edit 5 12:06
+
+200k shares borrowed from Fidelity, they are continuing to drive the price down, I don't see put OI picking up significantly. But they are definitely shaking the calls out right now. I still have not seen sufficient volume to indicate covering.
+
+https://preview.redd.it/l2492dwhnd181.png?width=1629&format=png&auto=webp&s=339c2ee06effa8d847e43c6edb841c3ed153d820
+
+Edit 4 11:11
+
+Double bottom on with this leg a little high than the previous, could be the beginning of an uptrend.
+
+https://preview.redd.it/668le4qkdd181.png?width=1614&format=png&auto=webp&s=27908a23dc40f013364dbef1dd2b84a7a9855ea5
+
+Edit 3 10:32
+
+This dip still is shorting and some profit taking, I don not see ITM puts coming in and call volume remains high. I expected we could stay around this level till midday. We have a reversal but it's weakening currently.
+
+https://preview.redd.it/5h0trqku6d181.png?width=1623&format=png&auto=webp&s=5e3a3327424845e3c69ed2af83d4ccef633e2520
+
+Edit 2 10:03
+
+Shares to Borrow:
+
+IBKR 70k
+
+Fidelity 2.4m
+
+Edit 1
+
+Small dip at open looks like we might be bouncing on VWAP now. 80k shares borrowed from IBKR let's get ready to run!
+
+https://preview.redd.it/dwgo5xlkyc181.png?width=1611&format=png&auto=webp&s=745e12f9db4b3457644dcac64d7fa805c3e24f50
+
+**Disclaimer**
+
+*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁
+
+*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.*
+
+*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.*
+
+\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
+
+*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
+So I've noticed that over the past 5 months, my credit score has been on the decline. It has gone from 789 to 745. I always pay my bills on time. After looking over my report, I've come to the conclusion that since I am not paying on my federal student loans (they're deferred, so I'm not required to,) the interest keeps adding on and the balances are going up.
+I am 29yo. My car is paid off and in good condition. I do not plan on buying a house any time soon. Should I continue to do what I am doing (using extra funds to pay off credit card balances which have high interest rates)? Or should I start putting some of that money towards the loans to get my excellent credit score back?
+
+Thank you in advance!
+I have a lot of important financial decisions to make this year. My father was all accountant and he really helped me with a lot of this stuff, he died this past year unexpectedly and it’s a shame to say I never learned enough to do this on my own. I feel anxious about it and think I should hire a financial advisor, I’m worried about a couple things: 1 is cost, im self employed and just had my first child, money isn’t tight but it isn’t loose either. The other is quality: how does one find a quality person when there are so many options? If anyone has any experience hiring or working as an advisor I’d appreciate the advice! Much Thanks!
+I've been reading up on bees due to how important they are to crop yields. After seeing a few articles about how bees are in danger due to global warming, I want to find companies to invest in that help mitigate either yield issues or help improve bee populations/stop them from dwindling. Does anyone know any companies that are trying to solve this issue? Bee populations are declining and this may be a 'bleeding neck wound' for society as we could face issues like food security. 
+
+Here is one of the articles for example: [https://www.weforum.org/agenda/2020/08/loss-of-bees-threatens-us-crop-yields/](https://www.weforum.org/agenda/2020/08/loss-of-bees-threatens-us-crop-yields/)
+
+I could only find one stock which is a company called Bee Vectoring Technologies, but I don't necessarily want to invest heavily into a small cap stock, I would rather diversify across multiple companies. Hopefully targeting multiple companies that are solving different bee related issues. I also haven't seen this come up frequently online so hoping to get into a few companies before it catches on (similar to boom we've seen in eco-friendly stocks).
+Hi all,
+
+Sorry for a potentially repetitive question. But the rating of this fund has gone down on fidelity platform and I wondered if it is still a good bet for someone who can't be bothered with investing but wants to put into a good diversified portfolio.
+
+Or are there better funds out there? I personally think the top 10 companies in there atm (excluding Tesla) look pretty solid, and they adjust these don't they depending on size of companies or something?
+
+Thanks :) just trying to set up a monthly junior ISA contribution for my 3 year old and don't want to pick a dud fund if things have changed!
+This past Friday, as soon as I came home from work, my parents kicked me out. I’m not the most perfect son, but I work every day and I’ve been trying to figure out my future. Things came to fruition that afternoon. My mom told me if I was to continue living there at 22 years old that I needed to give her my entire paycheck. She said she will “spend it as she chooses.” She also said I needed to find a second job to pay for the rent ($1000) and that I was not allowed to leave our house unless with her permission. 
+
+
+Long story short, I left and a buddy took me in about 35 minutes away, rent free, from my house and my work. I have no car and because of my daily limit at the ATM, i was only able to take out $500. My mom got the rest before I could on Saturday. 
+
+My boss is set on giving me a promotion (something I’ve worked seven years for) and I don’t want to leave my job. I spoke to him yesterday and told him that it’s near impossible for me to come to work now considering I don’t have a vehicle or anything. He’s super understanding but he told me to take my time and he’ll help me work through it. 
+
+I have no clue what to do. Im looking for a  cheap car, I don’t want to leave my job…..I just have no possible idea what i could do.
+
+
+EDIT: Thank you everyone for the help. I just got a new bank account today. I had to pay 40 bucks to close out my new account because yesterday my mom withdrew 150 and put me in the negative. I still have some money left and i’m thinking of maybe taking out a small loan for a car as i will have enough money for the car payments and loan payments as long as i can get to work.
+
+
+Second edit: the reason i haven’t responded is because 
+1. i didn’t know this would blow up
+2. my buddies wi-fi got shut up cause his mom forgot to pay the bill and my mom turned mine off. it’s figured out now
+Hi!  
+Sooo, why are closed-end funds talked about so little on this sub?  
+Investopedia says that CEF's are often bought by more "sophisticated" traders?  
+Is that true or is there a big downside to CEF's that I'm not seeing?  
+Because the yields on a lot of CEF's are at 7, 8 and sometimes even 10%  
+That's way higher than the yield on regular old dividend stocks.   
+Educate me, please.
+Our mortgage went up by about $80 last month due to a tax and escrow adjustment. We didn't notice and our normal automatic payment was sent as usual. This month we got a notice of delinquency and our credit scores both dropped from over 800 to the 600s. We didn't miss a payment, just ended up being short on one month due to the change. We have been preparing to apply for a HELOC so this is pretty bad timing.
+
+What can we do to undo/mitigate the damage?
+Hi,
+
+A quick one really as my mortgage is due for renewal and I'd love to know what all you smart folk are doing in the midst of all the rate increases.
+
+Given the opportunity to fix for 2 years or 5 years, which one are you going for?
+Individual stock of a company, not a global ETF and similar investment products.
+
+
+For example, if you own an iPhone, did you buy Apple stocks? If you use a particular bank, such as RBC or TD, did you buy their stock? Perhaps you drink coffee at Starbucks regularly and invested in them?
+
+
+Thank you.
+Hi fellow Canadian investors, 
+
+I'm a male 31 years, in QC, work as an IT consultant (self employed), as the title says TFSA ans RRSP are full. 
+
+I don't have a house or a condo ( not interested in owning soon, prices are just crazy). Where should I invest now ? 
+Do you have any strategy to minimise taxes ? 
+
+Thanks.
+Hey Apes, so don't know if you saw but [u/DR7KE](https://www.reddit.com/u/DR7KE/) (aka Treasury Balance Guy 🇺🇸 ⚖️🦍 ) has spotted that the the Federal Reserve account only had about $450bn left remaining in it's account.
+
+You can read his [original post](https://www.reddit.com/r/Superstonk/comments/owr8w6/correct_me_if_im_wrong_but_as_of_july_30th_the/) here. Inspired by this I went a step further and grabbed all the dates for the month and tried to predict how that funding would last, based on the trend.
+
+[A full months worth of Treasury Balances](https://preview.redd.it/b6dkd4prxcf71.png?width=663&format=png&auto=webp&s=32d0cfb369e074639f468c351641bfa0f8f52dc8)
+
+That graph and trend is in this post [over here](https://www.reddit.com/r/Superstonk/comments/oxd2uu/the_federal_reserve_currently_has_around/) along with a handful of interesting ideas and discussions, but short story made shorter (you gotta have shorts in this story, right?) then you will discover that the date when the US treasury will run out of funds is around the 21st of September, or that's the eve of Middlefilth, for those of you who look like you are not from these parts.
+
+So, as I said, that post received some interesting comments, a lot of people asking for me to collate more than just 30 days of data together, so we can zoom out...
+
+Cool, so of course, ape being ape, I did just that... I gathered a years data from the [treasury website](https://fsapps.fiscal.treasury.gov/dts/issues) and it entered into a gsheet, which I have [shared](https://docs.google.com/spreadsheets/d/18PhB47Uz-ASWo1iJnq9nAm86HcFD2nzQRRs4Gu849CE/edit?usp=sharing) also, in case any other ape wants access to the data.
+
+...after doing that I then noticed this : 🔽 BELOW 🔽
+
+(Optional: Please put on your tinfoil hat now.)
+
+[What does this mean?](https://preview.redd.it/12nbs6ecvcf71.png?width=1513&format=png&auto=webp&s=68347c677720f8ebdab0266052b1094066de584b)
+
+Now... I am sure this is purely co-incidence. In fact I am truly hoping it is. but at the end of the first gamma squeeze when the trading halt was put in place to protect the Short Hedge funds from being margin called we can see a change in direction in the US Treasury Balance.
+
+So I haven't got a clue what it all means, if it's linked to anything or not, but it's a cool metric to watch, isn't it?
+
+Surely, I'm not the only ape who loves looking at spreadsheets and graphs, right?
+With options (unlike stocks), there is continuous theta decay (to varying extents, but it is always there).
+
+With that in mind, how many minutes do you hold an options position before bailing?  (And this question assumes the price is above your “stop” and below your target).
+
+Oversimplified alternative description:
+
+1.  Trader buys option because he/she thought it would move.
+
+2.  Doesn’t really move.  Shows an anemic +/- 10% (but probably minus).
+
+3.  Hovers in this range in real time.
+
+3b.  In the aggregate, over hundreds of trades like this, money will be lost to theta decay in real time.
+
+4.  Decision to cut losses (or take humble profits, but most likely the former).
+https://www.wsj.com/articles/koch-industries-built-on-oil-bets-big-on-u-s-batteries-11647946147?mod=hp_lead_pos7
+
+Koch Industries Inc., the energy-based conglomerate whose CEO long opposed environmental regulation and funded groups that questioned climate change, has emerged as one of the biggest financial backers of the battery industry.
+
+A Koch Industries unit has made at least 10 investments worth at least $750 million in the U.S. battery supply chain and electric vehicles in the past 18 months, regulatory filings, news releases and FactSet data show. Koch’s battery investments are among the biggest from outside the auto industry, analysts say.
+
+Founded more than 80 years ago as an oil refiner, Koch Industries is now the most diversified U.S. battery investor, said Vivas Kumar, a former Tesla Inc. senior manager and industry analyst who last year launched a battery-parts startup. “It’s stunning just how many different battery supply chain players they’ve taken a stake in,” he said.
+
+Koch Industries is now a top shareholder in startups such as Freyr Battery SA, FREY 4.41% Aspen Aerogels Inc. ASPN 7.29% and Standard Lithium Ltd. SLI 5.61% The money comes at a crucial time for many of these companies, which need to spend heavily to commercialize their products. Koch appears to be focused on building up the battery industry in the U.S.
+
+Koch Industries operates thousands of miles of pipelines that move oil and gas around the country and several large refineries. The company posts annual sales of about $120 billion through brands such as Brawny paper towels and Dixie cups, fertilizers and fabrics.
+My wife asked me a question today and I can’t come up with a good answer. She said, “well ... I agree with you that we can probably FIRE next year. What do you plan to do during school days? We have a kid so we can’t long-stay in another city.” I’m kind of speechless.
+
+After day-to-day expense (house, utility, food, private school for kids, insurance, etc.), we project to have 80-100k USD left per year to spend on anything we want. 
+
+Since we have kids (10 years old), we’ll probably travel during school breaks. I have many ideas that we feel reasonable such as:
+1. RV trip
+2. 30+ days Cruise
+3. Visiting National Parks
+4. Spending time in Mexico or other tourism place
+
+
+But what bothers us is what we could/may do during school years, here are some ideas:
+
+1. Exercise (a lot)
+2. Read books
+3. Learn how to cooks
+4. Some yard work
+5. Learn something new (getting a realtor license, learning another language, etc.)
+
+...
+
+I’m curious how people, especially young couples in early 40s, enjoy their days in the first few years of early retirement during school days. We are clearly healthy and still has responsibility of taking care of kids, it’s hard to travel for an extended period of time (such as living in Europe or Asia) during school days. 
+
+I know it’s a bit pity to ask but somehow I just realized that I don’t know how to enjoy life. Any ideas or sharing are welcome.  I’m a bit scared how to spend/enjoy my day once I decide to go FIRE in the first 2-3 years until I get used to it.
+I’m thinking about pursuing some further specialized training in a medical specialty. I’m getting tired of overnight call and other things, which would reduce my income significantly if I cut down on them.  Currently I’m making about $450k, and am considering a 1 yr fellowship (earning about $70k) and then earning roughly 575k after, with more predictable and better hours. Also, I very much enjoy the specialty. I expect to work at least 15 more years. We have enough savings to make it work, and my wife has a decent enough income as well.  Our savings rate would definitely decrease for roughly a year though. 
+Things are going well, and honestly, I think I’d be just fine continuing in my current role. This change, however, would be an incremental improvement, and allow more weekend/evening time with our young children.  Wife and people of importance are supportive...but is it absurd to give up $385k for a year even though I’d expect to make it back in 3 years of post-fellowship work? Any others made similar choices here, and care to discuss?
+
+Edit: Wow, thanks for the replies. It’s clear that I should pursue this, despite my initial hesitation to give up my current salary for a year. Saving 60% of take home for the last several years gave us the option to do so.
+Personally, I think ETH will go up to maybe around 13$ within the next month or two due to all the ICO's coming out. 
+After that I think it will sit for a while until Metropolis is released and then based upon the Metropolis release, it may go up to 15-17$.
+We also have Enterprise Ethereum coming out with a statement in about 3 weeks as well, and depending upon that statement it may pump up ETH a little as well and draw in more investors/traders. 
+
+What do you guys think?
+Halfway through the year. What are your price predictions for the end of the year?
+Mine is $800 - $1,000.
+Flippening seems well underway and I think that will accelerate in the next couple of months. That puts us around $400.
+By that time some BTC holders will be panicking and I can see half the market cap of BTC switching into ETH. $600 right there.
+The wave of money pumping up the price will suck more money in from outside crypto with FOMO bringing us up to $800 - $1,000.
+Maybe some pullback from there but then new DAPPS and real everyday uses of ETH will begin coming online and pushing the price higher along with POS.
+Anyway - $800 - $1,000 by Dec 31 2017.
+What do you think?
+I recently sold my business and became FatFire'd. Currently, I am working to figure out "what's next" after being burned out for years. In the meantime, I miss being out in the world. I have no place to be most days and could use a schedule. Anytime I start working on new business ideas my brain just sort of "false starts". So, I have this idea of working a "normal" job where I can have tiny accomplishments (even making a coffee for a stranger) and be able to interact with others. A barista, Uber driver, or supermarket stocker as examples. 
+
+Has anyone ever done this?
+A lot of people have moved to WFH, stopped business trips, or had their income stream disrupted in the past couple of weeks. I've found myself disrupted in my work flow. I try to keep focus on staying productive, but haven't found what works for me. 
+
+How have you coped with the change? Any tips on how to stay productive or handle disruptions in income streams? 
+
+Thanks and stay healthy.
+# Stock is $1.40 currently
+
+# 
+
+ What's up guys. The stock that I'm trading tomorrow morning is called BHAT. Honestly I have no idea what this company does but the charts look great. My cup & handle Target on the weekly chart is $2.20
+
+I went back in the charts and realized that if you measure the latest bullish trend on the weekly chart, that is where the price target of $2.57 comes in, it's the 127 Fibonacci extension on that last bullish trend. Stop loss is $1.20, risk accordingly. I'm gonna get in for standard 2% risk 
+
+https://preview.redd.it/6tf5i8usuhm61.png?width=1828&format=png&auto=webp&s=73d8d4182f3d056bfdb942f7ebf8ed2d4876cf50
+Just wanted to share my quick story here so that other people might not make the same mistake I did.
+
+I recently started a separate account where I pretty much exclusively sell Credit Spreads.  I've been doing this for a couple months now, and I was feeling like I got the hang of it.  A series of successful trades led me to sell a PCS on $FB, despite the fact that the $5 spread width exposed my small account to an unhealthy amount of risk.  I was overconfident due to the fact that I had made a series of good trades.
+
+Fast forward to the past few days,  $FB has undergone a sizable drop, and the spread is so far ITM that rolling isn't a reasonable option.  Since this trade exposed my account to more risk than I should've allowed, this single failed trade has wiped out the progress of the many successful trades that I've completed so far.
+
+Luckily Credit Spreads come with defined risk, so the max loss on this spread serves as the cost for the lesson I've learned. **ALWAYS** stick to your trading plan, and don't let emotions lead you to make dumb decisions. Sometime you will get lucky and the trade will work out, but other times you will get burned and wipe out weeks of progress. If you become overconfident based on past results, you're likely to take on more risk than you should probably be doing.
+Hi guys. I happen to be in a very lucky position to receive a $500K windfall of cash. I have no immediate need for it and would like to start investing it right away. However, I still believe that we are due for a correction and would ideally want some protection against that. I have a few strategies that I thought of:
+
+1. Sell cash secured puts - If there is a correction, I get to buy the stock that I want to own at a discount compared to the current price. If not, I get the premium and keep rolling over the put.
+2. Put credit spread - Similar situation to 1 but with more protection against downside and lower gains.
+3. Buy the stock outright + collar - I get protection against downside but also limit my gains.
+
+What are your opinions on these strategies? What would give me the best "risk adjusted return"? Am I missing any other strategies that I should consider? Thank you very much for your time.
+
+edit: Thank you for all the replies! I went through each and every of them and decided that I will be simply DCAing into broad market index funds.
+Very new to this... I've made $115K so far this year trading, but still learning when it comes to taxes. I always put 35% aside for taxes when I profit on a trade. 
+
+Question is, I have a few stocks that I've traded a lot this year (one of which I'm still trading now) with wash sales. I will not trade those after November 30th, and until Feb 1st next year. So no worries there?
+
+Also, Is it better to exit all positions by the end of December, or hold something through the end of the year into January, with respect to taxes? 
+
+Is there a tax simulator for 2021 online anywhere? Google was *not* my friend in this case. 
+
+Thank you in advance!
+Trying out various strategies, I've sometimes come across some hypothetical strategies on low timeframes, e.g. 1m or 5m bars that would be highly profitable if it weren't for spread. Now, by themselves, they aren't worth much because spread is something that needs to be overcome. But what if you combine strategies like that with the principle of placing appropriate limit orders, that, if they get filled, would be profitable under your strategy. Now, most of these probably will not get filled at a desired price because you will have to retract the order if the underlying moves against your trade. You would specifically only want to trade against market orders while the underlying price still fulfills your signal condition. But you could offset this by including more assets so that in sum, you still generate an appropriately high number of trades.
+
+This would be harder to do with larger accounts, because your rate of fills will be lower if your orders are larger. But that's not yet a problem I have to deal with :) 
+
+If it worked like this, you could not only overcome the spread that "killed" your strategy, but even perhaps enhance the strategy by collecting some spread. Does this sound retarded?
+Hey there,
+
+for the last weeks I have been thinking about creating a system to generate and trade algorithms using genetic programming. I have a few ideas, but I will very likely not be able to create something like this myself.
+
+So I thought about making it an open source project and collaborating with people with similar interests.
+
+​
+
+My general idea is, to create a backtesting engine for the generated algos using the LEAN Engine ([https://github.com/QuantConnect/Lean](https://github.com/QuantConnect/Lean)) and wrapping it in a docker container.
+
+Another service will be in charge of generation and coordination of algos and the backtesting containers.
+
+​
+
+For anyone interested in the topic, here is a very interesting paper on this topic: [A real-time adaptive trading system using genetic programming](http://www.cs.bham.ac.uk/~wbl/biblio/cache/cache/.hidden_13-jun_2083199888/http___mahd-pc.jbs.cam.ac.uk_archive_PAPERS_2000_geneticprogramming.pdf)
+
+​
+
+If anyone is interested on anything, leave a comment
+My SO and I are just beginning the home buy I process. He won't be on the loan due to low credit score. We dont have a down payment saved but could probably save one pretty quickly. 
+
+I was just looking for some advice and things you wouldn't know about until you went through it. What did you learn during the process? What would you have done differently? 
+
+Thanks in advance for your replys :)
+
+
+
+Edit: WOW! And I mean WOW! Thank you everyone for their responses I will read through everyone's! I'll try to comment to most, and I really hope this will help others in a similar situation! 
+Sorry guys, no fan favourite RioCan on this list but these 3 look like substantially better options than REI to consider:
+
+**Choice Properties REIT (CHP.UN)**
+
+Price: $12.27
+Yield: 6 per cent
+When the pandemic hit, grocery stores were one of the few bright spots. Sales of everything from toilet paper to canned goods surged as consumers avoided restaurants and hunkered down at home. Fortunately for Choice Properties REIT, it derives about 56 per cent of its gross rental revenue from Loblaw Cos. Ltd. chains, including Loblaws, No Frills, Real Canadian Superstore and Shoppers Drug Mart.
+
+Bolstered by its highly stable Loblaw tenants, Choice collected 94 per of July rent across its real estate portfolio – which also includes office, industrial and residential properties – and occupancy at the end of the second quarter was a healthy 96.8 per cent.
+
+“The Loblaw leases provide stability to the REIT’s portfolio, with a weighted-average lease term of 7.8 years, one of the highest in the sector,” analyst Dean Wilkinson of CIBC World Markets said in a July note. Although the REIT’s payout ratio – estimated at about 93 per cent of adjusted funds from operations (AFFO) for 2020 – is higher than in previous years, Choice’s strong liquidity and long lease terms support the current distribution, Mr. Wilkinson said. Longer-term, Choice’s $1.1-billion development pipeline, which includes retail, residential, industrial and mixed-use projects, will create additional value, he said.
+
+**Crombie REIT (CRR.UN)**
+
+Price: $13.05
+Yield: 6.8 per cent
+Crombie REIT benefits from its relationship with supermarket operator Empire Co. Ltd., which owns about 42 per cent of the REIT and whose Sobeys, Safeway, FreshCo and other banners account for about 54 per cent of the REIT’s annual rent. Providing additional stability, the Empire leases have an average of 13 years remaining, BMO’s Ms. Ma said.
+
+According to Crombie’s latest investor presentation dated Aug. 31, 97 per cent of the REIT’s tenants over all – which also include banks, pharmacies, dollar stores and government offices – are open, and total rent collection in July was 93 per cent. “Against a backdrop of fundamental pressures in retail and economic turbulence, we expect [Crombie’s] portfolio to remain comparatively resilient, supported by its significant weighting in essential needs tenants,” Pammi Bir, an analyst at RBC Dominion Securities, said in a note.
+
+Crombie does have an elevated payout ratio, which analysts forecast will climb to more than 100 per cent of AFFO in 2020. However, analysts say the distribution is sustainable, as the payout ratio is expected to fall to less than 100 per cent in 2021 and subsequent years, helped by retail and residential development projects now under construction.
+
+**CT REIT (CRT.UN)**
+
+Price: $13.72
+Yield: 5.9 per cent
+Even as coronavirus-related lockdowns prompted several Canadian REITs to slash their payouts, CT REIT signalled its confidence by raising its distribution. The 2-per-cent increase announced in August won’t make anyone rich, but it does underline the resilient nature of CT REIT’s properties. Nearly 92 per cent of CT REIT’s rent comes from Canadian Tire Corp. Ltd. stores, including affiliated banners such as Mark’s, Sport Chek and Pro Hockey Life. These stores have an average remaining lease term of more than nine years. In another sign of strength, CT REIT collected 98.5 per cent of July rent and its occupancy rate at the end of the second quarter was 99.3 per cent.
+
+“Owing to its strategic relationship with Canadian Tire … CRT’s financial performance was virtually unscathed” during the second quarter, Desjardins Securities analyst Michael Markidis said in a note. CT REIT typically announces distribution increases in the fall with third-quarter results, and the surprise August hike “should leave the door open for another increase in [the second half], provided the operating environment does not meaningfully deteriorate,” Mr. Markidis said.
+
+https://www.theglobeandmail.com/investing/education/article-choice-crombie-and-ct-are-high-yielding-reits-built-to-withstand-a/
+There are 104 profitable companies with a > $10B market cap that have poorer performance than $GME year-to-date.
+
+I mean, yeah, they're "meme stocks". You know, like Walgreen's, Microchip, Home Depot, Broadcom, Dell, Best Buy, GM, Microsoft, Disney, NXP, Domino's, Ford, Sherwin-Williams, Garmin, Comcast, FedEx, Trimble, Google, Salesforce, Intuit, Micron, Qualcomm, Tesla, Nike, Amazon, Intel, Estee Lauder, Adobe, Teradyne, Nvidia, Netflix, AMD, etc.
+
+Absolute trash. No-names.
+
+Guess you should stay away from those too then, right?
+
+Go fuck yourselves.
+This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics.
+
+**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements)
+
+* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements.
+
+## flair links
+
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+
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+
+# important links
+
+[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review)
+
+**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
+Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk.
+
+*Daily discussion threads are created at 4:00 a.m. EDT*
+If only the revolutionists in Canada understood this earlier, Trudeau would not have been able to block the BTC funds heading to them. I know it’s bad to wallow in someone else’s misery, but some things must be said: If the west understood Decentralized tech better, they would get better things away from government. 
+
+DeFi is the way to go, whether you like it or not, you can’t deny it provides you some liberties that no platform that is privatized could offer to you. I know many people are afraid of it and don’t trust it, but regardless, it is important to understand it. 
+
+It is important to understand how it works, its implementation and use cases, and its efficiency within a given market. The power it can give back to a consumer or user is unparalleled and the world is beginning to witness its effect. This is why most people will get their BTC seized, or will get their wallets blocked, because the platform; exchange, that you are used belongs to an entity. Private means it abides by government law. 
+
+This is by no way, shape or form endorsing the usage or DeFi for illegal activity. On the contraire, you should have security at all times. Not from the government per se, but from illegal and dishonest members who seek to take money away from you, money that you earned by blood and sweat. 
+
+Understand DeFi and you can understand the power it holds. You can understand how to reclaim back your wallets and your right to trade at liberty with no restrictions. The only reason cryptocurrency was invented was as a liberating mechanism, and it should remain that way. Private exchange hold private wallets, not your keys, not your Bitcoins. 
+
+I’m currently trying to completely avoid using private exchanges altogether, I have hereby since moved all my funds to my Werewolf account, my DeFi of choice and am in the process of moving the rest. The world is learning, don’t be part of the many who sit back and idle while things happen behind you. 
+
+Understand Decentralized Finance to understand your rights.
+Hi all, I’ve been working in insurance for a while and see a few recurring things people tend to overlook when taking out or renewing their insurance policy. Here’s 5 simple things you can do to ensure your policy is providing sufficient cover:
+
+**Check your insurance cover includes hire car cover** 
+
+Hire car cover is pretty important at the moment, as insurers are having issues obtaining car parts from suppliers due to shipping backlogs from covid. If your policy has hire car cover (ideally unlimited hire car cover for no fault accidents) it means you’re not out of pocket while awaiting repairs, which can take in some cases up to 5+ months. You don’t want the stress of paying out of pocket for a hire car during repairs.
+
+**Check the agreed value of your car**
+
+Every time your policy is renewed the agreed value is automatically adjusted based on an industry guide such as Glass’s Guide or Red Book. At the moment the second hand car market and the Glass’s Guide valuations are a bit out of whack, once again due to covid and supply chain issues for delivery of cars, which has pushed second hand car values up higher than normal. If your agreed value looks cheaper than recent sales of the same make/model on a site like Car Sales, give your insurer a call and see if you can change the agreed value. Insurers have a band (low, medium, high) for the value of each make/model, so there’s normally some wriggle room.
+
+**Check your excess figure**
+
+Your excess figure is negotiable, you can pay a lower excess in exchange for a higher premium, or a higher excess in exchange for a lower premium. If your current excess seems like it would be a stretch if you needed to pay it tomorrow then consider calling your insurer and asking for a lower excess.
+
+**Read your updated policy schedule, especially exclusions**
+
+I get it, most policy schedules are 60 or more pages of mundane information that nobody wants to read, but it’s important to understand what you are and aren’t covered for. The cheat way to do so is to skim through and read the section titled ‘Exclusions’ or ‘What we don’t cover’, as this outlines things that an insurer doesn’t cover from a claims perspective. If there’s things there that aren’t covered by your insurer it may be worth doing some research to see if there is an insurer out there who will cover it.
+
+Edit: Stolen from my comment below. As some examples you may also not covered for swimming pool liners or covers, damage caused by gradual leaking pipes, damage to your shower base, damage to an unsealed driveway, damage to your garden or plants, damage to your hearing aids, damage caused by your pet etc. There's stacks of obscure exclusions that may apply to your specific circumstances.
+
+**Have specified item cover for valuable items**
+
+Your policy has a limit for unspecified items, which can be anywhere from $500-$2500 in most instances. If you’ve got a high end camera, watch, ring, art piece etc that is worth more than $2500 and you would like insured for its actual value give your insurer a call and have it added to the policy as a specified item.
+Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else!
+
+This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality.
+Interested in understanding which provide access to UK IPOs? and do any provide access to US IPOs?   
+   
+    
+Note, I am not asking about after they are listed and trading freely in market but being able to actually purchase at IPO price before they are traded.
+Hi all,
+
+As title suggests, I've been doing well enough with one of my investments that I am thinking about Capital Gains Tax. The investment is just in a standard fund and share account on HL, not an ISA.
+
+[http://imgur.com/a/SwH9YA1](http://imgur.com/a/SwH9YA1)
+
+The company, EUA, is currently up for sale and I am optimistic it will sell for a reasonable amount more than current share price.
+
+Any advice on the minimising the hit I'm going to take through CGT? I'm not against paying some tax on the profit but advice would be appreciated.  I've heard of Bed and ISA but it's above the ISA threshold and I have two problems, firstly HL has stopped B&I during Covid so I would be doing it manually which takes time for funds to clear, and secondly I believe the shares are hard to pick up because they are sought after by big investors.
+
+Thanks in advance and nice to meet you all, first post here and relatively novice investor.
+JFK’s father famously unloaded his stock portfolio before the 1929 crash after receiving stock tips from his shoeshine boy. The fact that a young boy was giving him unwanted advise made him correctly guess that the market was way too overconfident and that a crash was due.
+
+From my experience, albeit anecdotal, we are starting to see something similar in 2020/21. Now there should be no elitism regarding investing and I think it’s brilliant that us ‘99%ers’ are getting more involved in the market. I am just very surprised the number of people now talking about shares and equally surprised with how few shares they talk about (essentially WSBs top 5 shares!). My most recent experience was joining a meeting with two colleagues talking about how much money they’d made on nio.
+
+Personally I am not overly concerned as my exposure to these firms is very limited but I was wondering if other people were having the same experience?
+Do you think that the we will see better growth from U.K? I have my eye on a few so called ‘recovery’ stocks still on a discount which I’m hoping will succeed long term too. 
+
+Will travel and tourism plays like National Express, EasyJet, IAG (BA) or hotel focussed WTB, IHG display a fast upward trend?
+
+Other areas of focus after some more dd are SSE, ITM, RDSB, POLY, Anexo, Reckitt, Unilever. What are your long term 2021 plays for the U.K..
+
+I wanted to make those post for all those people who get those same thoughts as me and tell you what makes me feel better about it all.
+
+There’s constant moments where I sit there and tell myself, “man if I would have put my money in...”, and beat myself up over what appeared to be easy money. In reality though, there was no way I could’ve known that a company was going to 2X, 3X 4X, etc. The reality is, just as easily as it doubled, it could’ve halved. 
+
+The constant worry, regret, resentment, and remorse becomes too much for us investors, and we have to realize that yeah we could’ve made 240K if we bet let’s say 30K of our money on black at the casino and it hit three times in a row. The thing is though, it just as easily could’ve hit red on the first spin and we sit there with nothing.
+
+Some things to think about. Cheers!
+I have 10k just for emergency cases that are on my local bank. Where to put money just to cover inflation? And that can be converted back quickly if needed.
+
+For my investment (ETF) I am using Degiro.
+This is specifically about Degiro.
+
+I accidentally bought IE00BJ38QD84 ETF (Russel 2000) in USD on LSE because I didn't realise it was also traded on Euro exchanges such as XETRA (I trade in Euro). However, the LSE one has way more volume than XETRA so that is a big plus to me.
+
+I have been trying to figure out what costs are and are not included when it comes to buying in USD but I can't figure it out for certain. The ETF is domiciled in Ireland but it's of US stocks so I'm not certain if LSE converts the price to USD or XETRA to EUR. Either way, it **seems** that they are the same when converted with the current exchange rate but I'm not certain if the AutoFX costs of 0.1% are something I pay extra or not.
+
+Also, I'm wondering if by buying in Euro, if I am protected from the swings in USD/EUR exchange rates but the ETF is not hedges so I guess not...right?
+Hello everyone,
+
+​
+
+I live in Germany, sadly my german skill is only around B1. I got a bit of money that I'd like to invest. I want to invest 4000-5000 euro at the start and then a monthly 200-300 euro.  I'm looking into investing for the long term, meaning 5+ years minimum. 
+
+​
+
+Problem is, I have  zero idea how to begin. The German tax and stock system is just waaaaay too overcomplicated and there's hidden costs everywhere backstabbing you and eating into your profits. So far I haven't found a single good explanation, or step-by-step guide on what to do. All websites offer and explain different terminology, tries to rush you into their own platform (fishy...) without mentioning or detailing in a simple form their total costs. 
+
+​
+
+What I have understood so far: 
+
+​
+
+\- You need to pay for a depo account (again with the additional  costs...) in Germany...
+
+\- If your profit from investment is above 800 euro you have to pay taxes. I'm not even sure if you need to report this if it's below 800. (my taxes are automatically done since I'm not married)
+
+\- What platform should you use if you want to invest in ETF and dividends? I was looking at Captrader and Comdirect for a depo account, but they do not offer a clear explanation (at least from my perspective) if I can do it with their platform.  How do I even find these dividend options? 
+
+\- Doesn't matter where I looked the hidden and additional bullshit costs (all of them have different names just to confuse you) will eat all of you profit. Is is not possible to get a "clean account"? I register, I send them money, I buy stuff, I see my money slowly growing staying ahead of inflation. 
+
+\- Even if you buy, even if you keep it, even if you sell, even if you just do not take any action, you pay. Doesn't matter what you do, you pay them for their "service", doesn't matter the platform. 
+
+​
+
+So, there was probably a lot of people asking this, but can you please point me in a good direction on where to and how to start? A clean, structured explanation in english if possible, please.
+Hi there fellow  Europeans! I'm in the process of starting with investing but I'm having trouble deciding what apps to use. My plan is to have an account for long potition in stocks and ETF and an account for day trading. In your experience, what app has the lowest fees for those purposes if I invest as a Greek citizen?
+So, I got this report about my latest dividend payout and I'm kind of baffled about it. I'm not sure what I'm looking at here. Is it taxation of my payed out dividends? If so, is there a way to avoid this and only pay taxes after realization? As far as I know, on US payouts, I already get the taxed amount paid out right? So, here I pay taxes when they arrive and on cashing out too?
+
+I'm quite lost right now and I don't see why this is happening. The goal would be to get the full dividend payout, invest it back into my portfolio to start the snowball rolling, isn't it?
+
+With -42.5% on my payouts, this is quite impossible and my "Yield on Cost" indicators are false too in this case, since I don't get the amount that's projected in trackers.
+
+I'm sorry if this is a dumb question and I'm missing something obvious.
+
+​
+
+|BLACK. SC. +TECH. TR. SBI|(US09258G1040/A2PGN3)||
+|:-|:-|:-|
+|ST.:|23,00||
+|Extag:|14.03.2022||
+|Valuta:|31.03.2022||
+|Devisenkurs:|1,110100||
+|Quellenst.-satz:|15,00%||
+|Bruttoausschüttung pro Stück:|0,2500000 USD||
+|Bruttoausschüttung:|5,75 USD||
+|Bemessungsgrundlage:|5,16 EUR||
+|\*Einbeh. Steuer:|1,42 EUR||
+|Gez. Quellensteuer:|0,87 USD||
+|Endbetrag:|2,98 EUR||
+
+​
+
+​
+
+|Fondsinformationen:|||
+|:-|:-|:-|
+|steuerpflichiger Ertrag:|5,75 USD||
+|davon ausländische Erträge mit anrchenb. QSt:|0,00 USD||
+|anrechenbare ausländische Quellensteuer\*\*:|0,00 USD||
+|rückforderbare ausländische Quellensteuer:|0,86 USD||
+
+\*\* ggf. mit einbeh. Steuer verrechnet
+
+Die Gutschrift erfolgt unter Vorbehalt des Eingangs.
+Update: created a new post with 5/11 EOD Data here: [Delta Neutral Price Update with EOD Data Thru 5/11](https://www.reddit.com/r/Superstonk/comments/na952e/gme_delta_neutral_price_update/?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+Update with 5/10 EOD Data:
+
+I finished processing the 5/10 EOD data and have some updates to share. The Delta Neutral price dropped from $143 to $135, so unfortunately this may drop some more tomorrow with $135 as the floor. These stats are looking more like the 4/12 drop than the 3/24 drop. Good news is the max pain/gamma neutral didn't drop much, and the total market gamma is negative which does good things for squeezes! I added some stats from my dashboard back through 1/4 so you can see this price drop compared to prior, in addition to the updated graph with the 3/10 data (enhanced with the max pain/gamma neutral for you).
+
+​
+
+[Dashboard Stats - 3\/10 thru 5\/10](https://preview.redd.it/66voenqbzcy61.png?width=1841&format=png&auto=webp&s=4fc92ec8785f3c2f486d499d365912575b733dc4)
+
+​
+
+[Dashboard Stats - 1\/4 thru 3\/9](https://preview.redd.it/twtax06jzcy61.png?width=1843&format=png&auto=webp&s=28487779f66cab61c7df0020529da13bae19749b)
+
+​
+
+​
+
+[GME Graph through 5\/10 EOD](https://preview.redd.it/zalc480vzcy61.png?width=910&format=png&auto=webp&s=62baff4131d1039b7133f74e1ec724091318c54a)
+
+​
+
+Original Post with 5/7/ EOD Data:
+
+I have been tracking the GME price against the Delta Neutral Price ( underlying GME price that creates a total market delta of 0 across all GME options data).
+
+As shown below, it has historically bounced off the delta neutral price. My calc relies on open interest, so I can only calculate this metric end of day. My Delta Neutral price for GME was $143 on 5/7 end of day, so will be interesting to see if the GME price bounces off $143 today and ricochets back up.
+
+[GME Close versus Delta Neutral Price](https://preview.redd.it/vcj0ymks9cy61.png?width=910&format=png&auto=webp&s=b45791ad73deb2706c3c7ff5e1213da2245d3550)
+
+edit:  I track this and other metrics, like gamma neutral/max pain for all equities with high options volume, and this kind of behavior is common for the underlying equity price versus the delta neutral for the stocks I track (ones with high options volume relative to equity volume).
+
+My general theory is that as the underlying approaches the delta neutral, the call options have a flash sale. As people buy up the call options, MM have to buy the stocks, which shoots the price back up. I can see this in the options volume for days on/after times equity approaches the delta neutral. Just my theory though, I haven't found much outside research on this topic.
+Communal promotion is the shitcoin trump card, an ace up the sleeve. Search for a token with high levels of *communal promotion*. Once you find it you want to watch the rhythms of it's price dips and determine yourself a support level.
+
+Wait for a *savage* price dip. The token is seemingly tumbling toward it's grave and nearly all hope is lost. At this moment if you believe the community is zealous, strong, and in the good esteem of the gods. If the winds are right and the auspices good - consider (^(not financial advice)) purchasing a large amount just once. Keeping a reserve for one further *savage* dip is advised. Put the tokens immediately on a trezor or ledger. Get an engraver and some titanium plates for seed keys then lock it all away for a minimum 6 months. Congratulations on your fortune.
+
+​
+
+​
+
+​
+
+​
+
+...
+
+While you're here, two dependable moonshot assets a fine internetperson like yourself could sink their teeth into are; STAK and HOGE
+
+|$STAK|EXQUISITE|YES|
+|:-|:-|:-|
+|$HOGE|RIGHTEOUS|ABSOLUTELY|
+I am talking about hoge.finance
+
+I looked in the past few days for a coin to throw some couple hundred of $ for 'fun' in the hope that will 100 x
+
+Cool aspects:
+
+It's new, less than 3 weeks
+
+6.000.000 $ market cap
+
+1% burn every swap
+
+1%distribution to holders every swap
+
+All supply added to liquidity 
+
+Intital supply was 1000 billion but now is 436 billion and keeps on decreasing
+
+It already 300x from the past days
+
+Listing to an exchange in the next few weeks
+
+From everything that i read, it seems a good fun investment. With 100 $ you can buy now about 15.000.000 of these tokens.
+It' more of a meme coin..  i know..i know..but we have all seen what doge did.
+In fact this coin is a copy of doge but DeFi.
+
+What do you think...should i buy into it? Do you think it' s worth a moonshot? Check the website of the hoge.finance if you want to know more, i am a newbie so i don t understand all the tokenomics.
+I've been actively listening to the Canadian Investor Podcast. This week they spoke about how many stock they held in their portfolio.  Mentioning how above 15, it might get out of hands. (more or less)
+
+I built both registered accounts completely differently with different types of stocks.  I like to see them react to the market differently.  Kind of competing between each other.  
+
+If I look at it as a whole 'portfolio' I sit at 22 different companies.
+
+What's your strategy between accounts?  Do you see it as a whole portfolio? Or two separate entities?
+I have a heloc on my primary residence. I was originally looking to put that to use towards an investment property but if in the end I’m getting a second mortgage on the investment property  what advantage does using my heloc provide over just having the same amount of money built into a second mortgage?  
+
+I can’t see any real advantage and only cons.
+So there is a Property I am Interested in which consists of a main house and a back apartment that was added on. Turns out the apartment was built w/o permits. I was previously told on here to back away from the property because of this & also because I didn’t know if it was even zoned for multifamily (turns out it is. its rm4, which in San Antonio is mixed residential). I have signed a “executed contract”, which my realtor said gives me time to get an inspector and contractor to check out the house & apartment. She said during this time (10days) if they find any issues I can back out if I want to (I know I can back out now, but I’m very drawn to the property so I want to go a step further and get it inspected). I’m going to get the city inspector and a reliable contractor to check it out this coming week. My main question is, if they find no issues with the property should I go forward? I guess I’m just wondering if I can trust these two opinions? 
+
+Also, the seller said that a previous buyer got an inspector and contractor out there and they found no issues, but buyer had to back out do to other reasons. I
+
+
+Another question, the current owners recently found tenets for the apartment. is it illegal to have people live there if it doesn’t have permits?
+
+Again, thanks in advance.
+The mods deleted my last post about this! But if you’re reading…
+
+FTMO is a prop trading firm. You are trading with their money with the intent of producing a return against the market.
+
+They are also large enough to offer their own brokerage along with your funded account.
+
+Ask yourself this: why would they charge you a commission on each trade when you are trading with their capital? Why would they take away the money they are giving you to trade?
+
+The other half of FTMO is that many of the products you are trading are CFDs. These work by a brokerage matching your trades against the other traders on that broker, NOT by placing live orders on the actual market.
+
+How in the hell are you making them any actual money when in fact all you are doing is taking money from another one of their traders?
+
+The FTMO shills are heavily active in this forum and I expect to be silenced shortly.
+I been learning for a while now, few years to be exact and recently went full time after learning as much as I could. Recently two months or so ago I finally created a system that I live tested and extensively back tested. However I am having issues when I go try get prop firm account. I have a few bad trades and I get emotional and lose confidence and keep switching my strategy around or keep trying to better it by switching time frames I trade on, I am constantly doing this. It’s the weirdest thing. I wake up and I feel happy that I found one that works the perfect time frame and go to bed happy but when I wake up I lose that and I keep questioning myself and trying to find another time frame or pair, I keep doing this over and over and I don’t know how to snap out of it and stick to one system. 
+
+I think the fear of failure is failing me. I read the book by Mark Douglas, I watched his YouTube series and I also read turtle trader. I get burnt every time I switch the timeframe or the pair. I forget the pain next day and my thoughts get flooded with the feeling just if I try this it may be better and that feeling doesn’t go away! I am being consumed by my emotions. I failed two prop firm evaluation now. I do amazing in paper so no point trying that it’s an emotional issue. I know that once I lose a few times I lose confidence in my system. 
+
+Any suggestions?
+Usually, an increase in interest rate increases the demand. However, a rise in the US rates has led to a decrease in the dollar against most of its major pair sets. Why, I don't understand. Can anyone help?
+Sorry I know these sorts of posts are a bit annoying but honestly it's taken some time to get here and I'm pretty excited for what it could do for my retirement down the road sometime.
+
+I want to hold for the next 10 years and fingers crossed it works out well for me!
+Seriously. this has been one of the greatest discoveries of my life. i went from broken hand me down computers that were honestly embarrassing whenever i had to show someone something to me now being perfectly content with my computers.
+
+the usual go to reccomendation is ubuntu. (https://www.ubuntu.com/desktop). i prefer to recommend elementary (https://elementary.io/) as its just simpler and also based on ubuntu.
+
+they are both completely free and most software you need is also free. its super easy but really intimidating.  you can try it out with just a usb though without installing anything to see if you like it.
+
+
+EDIT:
+
+okay so you dont need to erase windows if you end up liking linux. you can have both installed. its called dual booting.  its just picking the right options during install. check a youtube video if you want to see what thats like.
+
+how to make a live usb https://www.youtube.com/watch?v=z5ZTGIrjBsU
+Fatfire relevant since this exit assumes you don’t have to work outside of the contract. 
+
+I’m curious what work was like after you sold and weren’t the person at the top. Was it smooth, did you have to bite your tongue, did things blow up/crash and burn. 
+
+As someone who sold recently and is still on board, I’m curious to hear from other fatties. Any stories or insights are appreciated.
+I'm going to try to keep this short, but concise. Fore and short, all the DD is correct, the market is rigged, more synthetics exist than shares available, and hedgies r fuk.
+
+​
+
+Okay, LFG!. Self-reported short interest for 9/15/2022 is out, and self-reported short interest is 49.5M shares of GME.
+
+​
+
+[Self-reported short interest from Fintel](https://preview.redd.it/1e9l2ph1ieq91.png?width=940&format=png&auto=webp&s=003173a4abc855bd26df7f518da0324469982d44)
+
+Based on [Computershared.net](https://Computershared.net) information, we can deduct the following regarding the amount of shares outstanding, the float, DRS'd, and shorted.
+
+​
+
+[Calculations from Computershared.net](https://preview.redd.it/3i46i2p8ieq91.png?width=320&format=png&auto=webp&s=62d9fa09977008009805b31ce3f97bfddec085de)
+
+However, there are a lot of January 20, 2023 deep out-of-the-money puts totaling 458,615 contracts, which equate to 45,861,500 shares.
+
+​
+
+[January 20, 2023 GME puts](https://preview.redd.it/9xcbp5aiieq91.png?width=826&format=png&auto=webp&s=d596520373cccf16f152f3b44b07c3cfa4a5de8e)
+
+Adding that to calculations from computershared we get:
+
+​
+
+https://preview.redd.it/jn3av7hqieq91.png?width=318&format=png&auto=webp&s=bc43b41aa66e4269cc6b3bc9480bfa2cf904a21d
+
+That means there are at least 23.9M synthetic shares that have been generated. I say generated, but not created. The reason they haven't been created is that Market Makers have yet to go out and create these, but they have, at least, guaranteed them in the case of someone exercising those puts. However, that amount of shares does not exist. So if there are only 71.45M shares remaining after DRS'd shares, 49.5M shorts, and 45.8M DOOPMs, that leave a net negative 23.9M shares which would have to be synthetically generated by market makers and SHFs.
+
+Remember DOOMPs are purchased to cover a guarantee from SHFs and Market Makers to say "I owe you 100 shares, and I don't have them now, but I have this put contract which gives me the right to those shares, so I got you covered." But the truth is that they are not truly covered. It is a loophole, which is used to satisfy obligations, and those obligations have created a net short position of 23.9M that do not exist.
+
+​
+
+TLDR: At least 23.9M synthetic shares have been generated (not yet created), SHFs are fuk, we are winning, DRS is the way, and Operation Liquidate Wall Street is a go.
+### UNITED STATES
+
+* **Futures** are up slightly with a Fed policy meeting starting this afternoon 
+* This has been the worst December for US markets since 1931
+   * markets hit their lowest point in 14 months amid persistent geopolitical tensions and the likelihood that the government will shut down on Friday 
+* First it was Amazon, then Apple, now **Google** is announcing plans for a $1bn campus in New York
+* **New orders** and **hiring** are up sharply for New York manufacturers despite disappointing activity (Expected 20.0 | Actual 10.9)
+*  A second multibillion-dollar payment will be made to farmers struggling with **tariffs** on soybeans, pork, and dairy
+
+### OTHER
+
+* **Japan's** biggest IPO is set for Wednesday with shares in **Softbank's** telecom business begin trading - it is the second biggest IPO globally, behind Alibaba 
+* **German** **unemployment** is at its lowest level since East and West were reunified in 1990, causing a shortage of workers to dress up as Santa. 
+* **France** expects to raise $570 million a year when they begin taxing **big** **tech** firms on January 1
+
+### CHINA
+
+* China celebrates the 40th anniversary of the "reform and opening up" Communist Party meeting which dismantled Mao Zedong's planned economy 
+* Chinese **pet cloning** service, *Sinogene,* successfully cloned a dog.
+   * The cost for the service: $55,065
+* Electricity production in Guangdong (a key manufacturing hub) is the weakest on record outside of the global financial crisis.
+   * They have stopped publishing their PMI 
+I’m not currently fatFIRE, but hopefully getting there. 
+
+I have a $3M liquid portfolio, and $2M illiquid startup (successful so far) equity. I also live rather frugally in LCOL, and get by on $40k a year after tax. This might go up a bit eventually. 
+
+The question I have is: as my portfolio reaches above 50x living expenses (currently at 65x living expenses on the $3M if I assume a 15% taxation on the $40k), does it still make sense to keep an 80/20 bogleheads portfolio?
+
+For pretty much all my investing career I kept this split (with VTI/VXUS/BND/Muni/some cash), and it served me well. 
+
+However, it starts bothering me a little that at this rate I have basically 10+ years of living expenses invested in fixed income that is not keeping up with inflation. I am 34 so inflation is a big risk. 
+
+The nice thing is that I rebalance, so in a downturn like in March I can direct those bonds/cash into equities to restore the 80/20 split. 
+
+I figured this is a problem that fatFIREd have since many of them have high multiples of expenses as net worth, so would love to hear your opinion. 
+
+For your answer, please assume that I was fully retired or about to, so not earning a single dime beyond what’s thrown by the portfolio.
+i'm preparing my graduation project about tax burden and optimal taxation and i'm lost now concerning the main topics and main ideas that i should include. can someone please help me with fundamental idea so i can start my researches and have a good vision
+From 2009 - 2013, the USA had a turnover ratio of 1.0 while Europe had 1.8. 
+From 2005 - 2013, the USA had a ROE of 10-15%, and Europe had one of 10-20%. As of 2020, countries such as Denmark, Sweden and the Netherlands have 16-20% while the USA has 13%. 
+In the US, the government to debt ratio is 108%, while the Euro Area is 98 % (with Nordic countries and others at around 40-50%). 
+And monetary policy wise, the exorbitant US printing of money through quantitative easing, credit easing, low interest rates, and so on has worried many economists. This praxis has largely spread to the ECB as well, though.
+
+But with all these differences, why does the US still have a higher GDP/Capita than Denmark, Norway, Sweden, Netherlands, and the EU?
+
+I've heard some point to high activity in US financial markets, and that this never really benefits corporations or normal people, but that it only inflates GDP.
+They seem to have an answer for everything, and were even able to predict the 2008 crash when everyone else had no idea. Why is it unpopular and why is it seen as wrong?
+I recently made [this post](https://www.reddit.com/r/askaconservative/comments/an2qwr/how_do_i_get_out_of_my_media_bubble/efsz2x3/) running through a thought experiment on "sustainable" income redistribution:
+
+> It is interesting to consider what realistic numbers might look like, if you try to avoid the "running out of other people's money" scenario.
+>
+> Walmart executive compensation was around $63 million in 2018. If you cut that by 90% to 6.3 million, you can instead give each of their ~1 million retail employees a $56.70 annual bonus. That's maybe a week's worth of food, or a month's utility bills. Not nothing, but not much. Let's assume the transfer is untaxed (e.g. it's facilitated through a 90% marginal income tax).
+>
+> But I wonder about the aggregate economic effect of such a program. You massively inhibit personal wealth concentration, and minutely increase the incomes of the lowest-paid employees. Let's say 2/3 of that personal wealth ends up in investment accounts, and 1/10 going to "artisan contractor" type businesses (mansion-builders, private jet pilots, yacht repairmen). The question becomes: is it worth putting an extra $56.70 in the pockets of retail employees, and thereby putting an additional $56.7 million into basic consumption (food, utilities, clothing) in exchange for 1) $37.8 million less of "big money" investment, and 2) a $5.7 million hit to various high-cost/low-volume businesses, many of which are presumably small businesses?
+>
+> You can do similar analysis of dividends paid on common stock. If Walmart has 850 million shares on the market, and reduced their 2018 dividend from $2 to $1, that's another $850 million you have reclaimed, for an $850 annual bonus to retail workers. Maybe this is facilitated by a 50% capital gains tax on institutions and wealthy individuals. This is probably a better deal, since the money is both given and taken in a distributed fashion.
+
+We all know the aphorism, "all models are wrong, but some are useful".
+
+Clearly my model is wrong in many places. But is it useful? Does it capture enough features of reality to inform our thinking on real-life issues, or is it missing something essential? Is it garbage, or is it at least the start of a useful line of thinking?
+This doesn't make sense to me at all. 
+
+If last year it took $1 to buy, let's say, a loaf of bread. And you could exchange that $1 for ¥100, so you could buy that a loaf for ¥100.
+
+But this year it takes $1.10 to buy that bread, and still ¥100 yen, shouldn't the exchange rate be $1 = ¥89? With the current exchange rate of $1 = ¥150, you can take that $1.10 to buy the loaf, convert it to yen, and almost buy two loafs.
+
+How on earth does it make sense?
+Hello. I'd consider myself a leftist but I think it's important to see what "the other side" thinks about Marx and why. Obviously, there may be some truth in it. But I couldn't find much more than "human nature is too egoistic" and "planned economy doesn't work".
+
+So what are critiques by some true economists?
+I ran across an article about minimum wage, and found it's abstract incomprehensible. Can someone translate this into English?
+
+Abstract
+
+There is robust evidence that higher minimum wages increase family incomes at the bottom of the distribution. The long-run (3 or more years) minimum wage elasticity of the non-elderly poverty rate with respect to the minimum wage ranges between −0.220 and −0.459 across alternative specifications. The long-run minimum wage elasticities for the tenth and fifteenth unconditional quantiles of family income range between 0.152 and 0.430 depending on specification. A reduction in public assistance partly offsets these income gains, which are on average 66 percent as large when using an expanded income definition including tax credits and noncash transfers.
+They seem to have an answer for everything, and were even able to predict the 2008 crash when everyone else had no idea. Why is it unpopular and why is it seen as wrong?
+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*
+Before a Green Day:
+
+“Oh I can’t wait for the dead cat bounce to load up on more puts”
+“Stocks only go down” 
+
+
+As soon as $SPY goes up .5%:
+
+“Recession cancelled”
+“Bulls on parade”
+“RIP my portfolio” 
+
+Shut the fuck up and hold your puts market is going to get fucked for the next three months just like your wife is by everyone else.
+
+Tax Rate | Capital Gains Income
+---------|----------|
+0% | $40,400
+15% | $445,850
+20% | $1,000,000
+39.60% | $1,000,000+
+   
+Sample Capital Gain (1Y) | Amount Taxes Paid Before | Amount Taxes Paid After
+---------|----------|----------
+$50,000 | $1,440 | $1,440
+$100,000 | $8,940 | $8,940
+$200,000 | $23,940 | $23,940
+$400,000 | $53,940 | $53,940
+$800,000 | $131,647 | $131,647
+$1,600,000 | $291,647 | $409,247
+$3,200,000 | $611,647 | $1,042,847
+$6,400,000 | $1,251,647 | $2,310,047
+  
+Oh man, so many little guys gonna get screwed by this! /s
+- stock at $5, enough apes buy and hold to get to $483
+
+- Demoralized by the drop to $40, apes are smart and know this isn’t the end and continue to hold 
+
+- DeepFuckingValue doubled down and apes read more DD, giving us pressure to shoot up to $96 in one day (who remembers that hype?)
+
+- More DD comes about and a slow crawl to $300’s begins, apes excited 
+
+- Ecstatic, GME reaches $348 before being shorted to hell (this was truly insane to watch for those of us who held)
+
+- March 19th, quadruple witching day, apes expecting to moon only for the price to drop to $120 the next few days
+
+- Apes hold and buy the dip, price IMMEDIATELY recovers to the $180 price point
+
+- Hedge funds force sideways trading for weeks and we have about 5 notable dips which aren’t huge but can still be demoralizing with sideways trading 
+
+- April 16th disappoints.
+
+- Hedge funds suppress GME from breaking the pennant and skyrocketing 
+
+I bought late January on the way down and YOLO’d everything I have (literally) when we hit $40’s. I trusted apes to hold and throughout every single opportunity for gains, fellow apes held knowing that greater things are coming. With every major dip my companions never sold a single share because we all knew the drop was synthetic. And when we got bored spending weeks staring at a chart moving sideways, we made memes to keep morale up and reminded eachother what it means to have Diamond Hands  💎🙌 
+
+And when the MOASS hits, and we hit $100k, $500k, $800k, $1 million, $10 million and beyond, I know that apes wont sell until ~~it hits the floor.~~ after the peak. The last 5 months of holding have given me ZERO reasons to not believe in apes. 
+
+I trust every single person on this subreddit to HOLD until at least $1 million and way beyond. I have no doubts and neither should you. My floor is $10 million. But I wont sell until we’re on the way down, even if the peak is at $20 million or $100 million.
+
+Read the DD, prepare yourselves, and hold. We’re going to the moon 🌙🦍🚀
+
+Edit: Don’t forget that the DD says r/SuperStonk owns the float. WE are who they need the shares from and they can’t have them until holders are satisfied. Be greedy. Be excited. And be ready.
+I love metrics. So I am constantly analysing data to compare and validate my theories on which blockchains and projects will survive and demonstrate the most upside potential. One metric, I look at often is the daily active users. It's a great metric to tell whether the chain is being used.
+
+**What are Daily Active Users?**
+
+This is simply the number of addresses on the blockchain that perform at least one transaction on a particular day. If there are 1000 addresses sending transaction, then that implies 1000 people used the blockchain.
+
+**Why is it important?**
+
+A blockchain will be successful if people are using it. That is an obvious assertion. If lots of people are making transactions, then the project has inherent utility. If its being effectively used during a bear market, then *there is potential for great upside during a bull run*.
+
+**Why compare to the November highs?**
+
+During the peak of the bullrun, we saw enormous take up and investment in crypto. Millions of new users creating their accounts, interacting with the blockchain, experimenting with dApps etc. It was sometimes difficult to find the data for the exact date, so all results were taken on or close to 10 November 2021, as this was the date of Bitcoin's all time high.
+
+By comparing the current daily users to that date, we can ascertain a decent perspective on which users decided to stick around, or perhaps even which projects are still attracting new users, despite the bear market.
+
+**What data could be missing?**
+
+An obvious hole is that this shows the blockchain data only. Any transactions made on exchanges will not be counted towards the daily active users.
+
+Another possible gap in the data comes from the impact of bots. Many blockchains have bots performing automated tasks, and these appear the same as any other user.
+
+The date I chose was base don the Bitcoin price, and likely doesn't perfectly coincide with the all time highest daily active users on any particular chain - that could of course occur any day.
+
+**Examples:**
+
+The following is an examples are for Polkadot and Avalanche. I checked the published statistics on the [Polkadot](https://polkadot.subscan.io/tools/charts?type=account) and [Avalanche](https://stats.avax.network/dashboard/overview/) websites, and then compared them to data on Messari and/or Glassnode. This is the same thing I did to complete the table below.
+
+​
+
+[Polkadot Daily Active Users from Polkadot website](https://preview.redd.it/3aymmo2yklm91.png?width=1116&format=png&auto=webp&s=1bf717758aec90c11c48342d535b28de96050700)
+
+​
+
+[Avalanche Daily Active Users from Avalanche website](https://preview.redd.it/sdougu2zklm91.png?width=943&format=png&auto=webp&s=c77770f338a429be725b12128f09e734193b48f5)
+
+**Sources:**
+
+The sources for the information were checked against the blockchain results on either the project's own websites and/or messari. Results are rounded to nearest 100 users. , [Beaconchain](https://beaconcha.in/), [Messari](https://messari.io/asset/binance-coin/chart/act-addr-cnt), [Glassnode](https://www.theblockresearch.com/data/on-chain-metrics/ethereum)
+
+**Results**
+
+I've prepared the table below based on the data. I've also included a column demonstrating the change in daily active users between November and now.
+
+​
+
+|*Project (source)*|*Percentage Change*|*Nov 2021 Users*|*Sep 2022 Users*|
+|:-|:-|:-|:-|
+|[Algorand](https://messari.io/asset/algorand/chart/act-addr-cnt)|\- 65.14 %|115,600|40,300|
+|[Avalanche](https://stats.avax.network/dashboard/overview/)|\- 57.85 %|85,400|36,000|
+|[Binance](https://bscscan.com/chart/active-address)|\- 50.53 %|2,134,400|1,047,800|
+|[Bitcoin](https://news.bitcoin.com/ethereum-beacon-chain-surpasses-300k-validators-over-28-billion-in-ether-deposits-locked/)|\+ 11.97 %|842,000|942,800|
+|[Cardano](https://messari.io/asset/cardano/chart/act-addr-cnt)|\- 60.49 %|146,900|58,000|
+|[Ethereum](https://etherscan.io/chart/active-address)|\- 14.23 %|621,400|533,000|
+|[Near](https://explorer.near.org/stats)|\- 69.65 %|34,600|10,500|
+|[Polkadot](https://polkadot.subscan.io/tools/charts?type=account)|\- 67.78 %|68,600|22,100|
+|[Polygon](https://polygonscan.com/chart/active-address)|\- 23.02 %|388,000|298,700|
+|[Solana](https://analytics.solscan.io/public/dashboard/8d888828-baae-47b9-948b-d087e5de1411)|\+ 00.60 %|670,000|674,000|
+|[Tron](https://tronscan.io/#/data/stats2/accounts/activeAccounts)|\+ 33.14 %|2,012,900|2,680,000|
+
+​
+
+**Conclusion**
+
+I will reserve judgement for now as to which projects show more or less potential for value increase based on their daily active users only. Suffice it to say, obviously for a project to become successful, adoption is key.
+
+How does your project choice measure up? If you are concerned about your investments, check the numbers against several other sources. Messari would be another good place to start.
+
+EDIT: Typo
+In the last 2 months alone, housing prices have fallen 9%. 
+
+Buyers are unable to secure mortgage, because by the time they go to close, bank's home appraisal shows the value has fallen drastically.
+
+More and more buyers requiring lawyers to intervene on deals they can no longer close, and getting Sellers to drop price after already accepting the offer (sellers don't really have a choice but to agree to concessions, because if the deal falls through, they face even worse prospects on the market).
+
+Bank of Canada has already risen rates from 0.25% to 1.50% this year, and expected to go to 2.25% by next month, causing sudden and fast cooling in real estate sales.
+
+https://www.bnnbloomberg.ca/distressed-deals-pile-up-in-canada-s-once-booming-housing-market-1.1780269
+Other subs like /r/personalfinance and /r/frugal assume you want to act like Scrooge, or already have Scrooge's money. I'm so glad to see this is catching on, because dignity is a huge part of being poor, and most of us are just trying to look, and act, normal so we can get ahead.
+
+In the last 10 years, my wife and I have had money, been broke and homeless, run our own business, failed at that business and filed bankruptcy, made some great choices and some stupid ones, had a baby, and gone back to school. We're now working on organizing a statewide renter's union to address housing struggles head on. 
+
+I'm looking forward to sharing what I know and would love to answer any questions I can about bankruptcy, renting, or whatever else. Hang in there, you're looking fine /r/povertyfinance!
+Someone had posted this old discussion thread from October 2008 on /r/investing today morning.
+
+[Here's the link, from Boglehead forum](https://www.bogleheads.org/forum/viewtopic.php?t=25126)
+
+It's from a guy who was freaking out, because he simply didn't know if he had in him to take those hits anymore. He was retired, by the way. I'd highly encourage reading responses from others in that same thread as well.
+
+Current crisis may or may not be like 2008. Perhaps it'd drag on and turn into something much much worse, or perhaps it'd be over sooner than you think.
+
+Nonetheless, it helps to look back how desperate people must have felt, how everything might've seemed lost, like the bottom had fallen out and the fall won't just ever stop. We learn from the past.
+
+I'm posting this to have a discussion around _what you feel right now_. In particular:
+
+- What do you perceive as threat to your finances? What are you afraid of, financially speaking?
+
+- How much of that do you believe would come to happen, within bounds of reason and rationality?
+
+- What's the worst and best case scenario for your current finances?
+
+- What are you planning to do about this?
+Hello all,
+
+As the title states, I have around 6k in a few ARKK funds, down roughly 68% in total. My initial plan was just to hold onto it for now, because how really much lower can it all go. TSLA being so down is not helping them out at all at this point.
+
+This has to be somewhere near the bottom I believe for ARKK, and selling all it now seems like the worst thing someone could do being at the bottom but is it worth it to get out and put the rest in a VTI or a VOO, or even just TSLA? 
+
+I was going to wait on some upward momentum then get out at the down 40%  range, thinking that wouldn't be that much to ask for.
+
+I know it's easy to hate on ARKK now when they are so down, but it's funny because, when I bought in a couple years ago, most post on here were buy ARKK and stating Cathie as a genius. Now it is the complete opposite.
+
+Looking to hear objective opinions.
+
+Thanks all.
+This represents extreme systemic risk in the market. Something that would definitely be seen as a black swan. 
+
+Retail investors ability to overpower institutions could have massive consequences for the overall market creating a momentary liquidity issue that would reverberate through the greater marker. 
+
+If this continues, this is simply the beginning. Short volatility players with no backstop will be the collateral damage. 
+
+Just my Saturday night thoughts.
+
+Play safe.
+For all you dinguses out there that really like to gamble, you can do a buy/write on CCIV for big-time gains if you believe it's going to pop with announcement that they are acquiring or merging with Lucid Motors:
+
+Buy 100 shares of CCIV at 34.60
+
+Write 3/19 50.00 Call for 7.65
+
+Net debit: 26.95.
+
+If your shared get assigned at expiration, you will **profit** (50.00 - 34.60 + 7.65) =  **23.05.**  That's an 85% gain in 40 days.  
+
+These calls are astronomically juiced.
+Can someone explain this paradox for me!!! I'm so confused. I'm attaching two articles that back me up. Nationwide apparently there are less vacant rentals than anytime in the last ten years, and prices are rising. Simultaneously the population is falling for the first time in a century. It's also clear, just from looking around, that we're in a construction boom and new apartments are everywhere. I do have some crude theories about how this could be possible but I'll leave them for now, I"m interested in what you guys think! Please help!!!! 
+
+links: [13\_07\_21\_National Vacancy Rate Falls in June 2021\_FINAL.pdf](https://sqmresearch.com.au/13_07_21_National%20Vacancy%20Rate%20Falls%20in%20June%202021_FINAL.pdf)
+
+and: [Recent-impacts-on-Australias-population.pdf](https://population.gov.au/downloads/Recent-impacts-on-Australias-population.pdf)
+Hi everyone! I make ~$50,000 after taxes and would like to start building up savings to make a down payment on a home. I have $60,000 of student loan debt, of which I pay the minimum amount monthly (~$750) and I have an untouched line of credit of $45,000 which I’d like to put toward a down payment of a home eventually. After rent and living expenses, I have about $1000 left over every month to save. I have an emergency fund (3 months of savings). What are my next best steps? I’m not particularly financially savvy, but I will be working on reducing my spending so I can put away as much as possible every paycheque. Any advice is greatly appreciated, and thank you in advance!
+24 y/o, soon to be married (before the end of this year).  Just got accepted to medical school and will be starting next summer.  I have in my savings $80k that I’ve been accumulating since high school.  I have no undergraduate debt and my bachelor’s was funded by scholarships.  I’m about to take on a massive amount of loans for school and won’t be making a good salary or be able to own a home for roughly 8 years.  What is my best move with my money?  Invest in some growth stocks, or ETF’s?  Put it in a retirement fund to ruminate? Save for a house down payment?  No idea when or where we might be buying a house in the future.  Residency could take me anywhere.  Use it to pay off my wife’s student loans (roughly $25k) and some of mine as well?  A doctor I work with told me “pay off your student loans last because they’re the lowest interest rate loan you’ll have.” Thoughts?  I know the economy is crazy right now so I have no idea if now is the time to buy/invest.  My wife’s and my cars are paid off, we pay our credit cards off monthly, and she will be supporting me through medical school on a salary of ~60k.   Advice appreciated.  Feeling super overwhelmed by the undertaking ahead of me.  Thank you all!
+I got pre-approved for $190k to buy a home. I live and work in Seattle Washington. The prices of homes are impossible. I’ve looked everywhere for 3 bed 1 or two bath for this price even outside of Seattle and seems impossible to find. 
+
+Should I buy land instead? Or should I think about buying a home out of state and renting it?
+It took me years to find my way into what I consider to be my "career." Between grad school, some crappy positions that seemed great at first, etc., I'm very late to retirement planning. And until relatively recently, I was just working on building up a decent back line / emergency fund.
+
+All that's set now, but I'm left with the task of trying to catch up without being too overzealous.
+
+This is my current situation (please don't laugh):
+
+No debt except student loan (ca. $47k total, all federal.)
+
+Credit score in low 800s. 
+
+I own my home ($106k left on the note, 30-year fixed at 3.5%). I have a HELOC for home expenses, recently finished paying off after major work.
+
+$74k / year gross income. No additional income.
+
+- $27k in TIAA retirement account from previous job. Was $16k when I left three years ago, so it's done okay (ca. 13% average / year). I just moved the money into a different fund within TIAA (Vanguard Large Cap Index).
+
+- $42k in current 401k. Employer match is 5% , I'm doing 15%, so total 20% per paycheck. Currently allocated to some fairly aggressive funds.
+
+- $15k emergency fund in high yield savings account.
+
+- $18k additional cash / savings
+
+---
+
+I'm intending to focus mainly on aggressive ETF investment. Done some research and have several ETFs that have yielded >10% average / year since inception and are at 15% or greater for the last 5 - 10 years.
+
+At the moment, I plan to shift (at minimum) $10k from savings into a brokerage account, allocated to the various ETFs.
+
+How can I improve on this? Harsh criticism is fine, the numbers here are a joke compared to a lot of you who are much younger.
+
+I regret not learning more about investing until recently, but my financial situation hasn't always been all that great, and this is the first time I really have much opportunity to try to truly save/ invest with an eye toward growth.
+
+**edit:** Adding to answer a few questions...
+
+No kids, unmarried (partner earns less than I, is younger), good health. Student loan rate is the typical federal rate.
+
+Should also note that I'm in no way trying to beat or time the market. The funds I mentioned below seemed like a good mix, but it's true, they're all largely overlapping. Probably one heavily diverse fund would be just as effective, if not moreso. Seems like VTI is the go-to.
+
+**Is there any sense in putting some of this into a more aggressive fund, though? Like VGT, for example?**
+Many banks are claiming interest rates will rise to 1.75 by 2023, why is this causing so much fear? Isn't this what the interest rate was before the pandemic? So what?
+I feel so depressed, life has just been so fucking pointless for the majority of my life. My financial situation had made me miserable for years. 
+
+I’m trying my absolute hardest to finish my MSc. But everything little thing is crushing me. 
+
+My retail job is shit, barley pays, my rent is through the roof (£600pm), the cost of food, travel etc. I have no money to do anything. Nor do I have any time to myself.  My life has become  a combination of working, studying, being broke and being depressed. 
+
+I paid £8k in tuition fees, yet I’m expected to pay £300 for a field trip. 
+
+I can’t actually be fucked anymore. Everyday is a struggle just to get by. Why do I even bother.
+This is only a random thought, but I'd appreciate if someone can shed some light on this regard.   
+
+Vanguard and Blackrock control 6.56 and 6.01% of AAPL through ETFs/Mutual Funds. I presume they can exert a good degree of influence over Tim Cook and draft proposals for meetings. But what about Berkshire, controlling only 2.50%? Or the Bank of New York Mellon Corporation, with a measly 1.02%?
+MIAMI--(BUSINESS WIRE)--Ramp, the payments company making crypto accessible to everyone, today announced its integration with the GameStop Wallet. The Ramp integration allows GameStop Wallet users to purchase Ethereum quickly and without needing to leave the Company’s self-custodial Ethereum wallets.
+
+Ramp enables enterprises to deploy fiat to crypto payments capabilities, significantly reducing onboarding times for end users, while remaining compliant.
+
+“The benefits of NFTs for gamers - decentralized data, better security and ownership - are only just being explored. And yet, accessing the token based economy remains complex and confusing. Ramp is integrated by some of the world’s leading NFT based games to bring the same level of user experience gamers are used to, to blockchain,” said Greg McEwan, head of marketing, at Ramp.
+
+On May 23 2022, GameStop launched its digital asset wallet to allow gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens (“NFTs”) across decentralized apps without having to leave their web browsers. The GameStop Wallet is a self-custodial Ethereum wallet utilizing Loopring's ZK-rollup technology. By integrating Ramp, GameStop Wallet users can quickly purchase Ethereum using fiat.
+
+The GameStop Wallet extension is available today and can be downloaded from the Chrome Web Store. Learn more about the GameStop Wallet by visiting https://wallet.gamestop.com.
+
+
+Here is the link: https://www.businesswire.com/news/home/20220620005331/en
+
+Sounds spicy
+It’s well known that REAs are some of the least trustworthy people on the planet, to put it lightly, but a recent experience got me thinking that there is systemic corruption within the industry that neither the industry nor government are interested in dealing with. 
+
+Our experience: 
+We recently found a unit that fit our needs and were advised by the REA on first inspection: “Price guide is $1m but we expect it to sell closer to at $1.1m”. 
+So good so far - knowing the market is booming we estimated that based on info provided by the REA an offer of $1.15 - $1.2m could secure the property.
+We obtained the strata report, at a cost, contacted solicitor to review contract, at a cost and attended a second inspection at a cost. Not to mention cost of our time.
+When we were attended a second inspection prior to making formal offer, the REA informed us that an identical unit was sold off-market 2 months prior for $1.3m (I.e not publicly available info) and owner would not accept $1.4m in current market. Why the f*** then was he guiding $1m and expecting $1.1m?
+This all occurred in the space of 5 days. 
+
+The above experience is ofcourse only an isolated case, however it got me thinking that this may be far more widespread. How much money is wasted by unnecessary strata reports, building inspections, solicitor fees etc based on misleading info provided by so called property experts? This has to be costing unsuspecting people vast amounts of money.
+
+Seeing that neither the industry nor any regulator has any solution to the issue, and there is no real recourse - I was wondering if this type of systemic problem could be dealt with via a class action law suit against the REA industry body and a few of the bigger national franchises? 
+
+The basis for any case would be that blatantly false/ misleading information is costing potential buyers millions in unnecessary due diligence costs/time.
+
+This is perhaps venting more than anything else, but wondering if the community had any thoughts on the validity of such a case?
+I just started learning about statistical arbitrage and i'm trying to apply it to cryptocurrencies. In particular, i'm testing for cointegration on all the markets on FTX on a 5m timeframe using Python.
+
+In order to test for cointegration, for each market i'm retrieving the last 7 months worth of data on a five minutes timeframe. To test for cointegration, i'm using the `statsmodels` library.
+
+    corr = scipy.stats.pearsonr(bitcoin, ethereum)[0]
+    coint = ts.coint(bitcoin, ethereum)
+
+ This snippet uses the close prices of Bitcoin and Ethereum, but i'm ranning the same test across all the markets on FTX. What i'm noticing is that across hundreds of market, i can find only a bunch of pairs with a p-value lower than 0.05, and even those pairs don't seem to appear stationary when i chart them.
+
+I'm wondering, why is it so difficult to find truly cointegrated pairs? Is it because i'm using too much data (i'm testing with more than 50k candles for each market)? Is it because that's not how i'm supposed to test for cointegration? Is it because i'm not supposed to just test for cointegration with raw close prices? Should i use another timeframe?
+
+I'm sorry if i'm asking stupid questions here, but i'm not trying to create the most profitable algorithm in history, i just want to learn more on this matter.
+My nephew wants stocks for Christmas. I'd like to get him some books with an IOU for some stocks after he does some analysis.  He is 15 and takes college level math. Two questions: 1) what books? 2) what do I need to know logistically about giving a minor stocks?
+What sector and/or geographical region do you believe is currently undervalued? 
+
+Energy, materials, industrials, and consumer discretionary are the sectors popping up on my screens the most. 
+
+Geographically, china seems to have the most bargains, if you don't mind searching there.
+Square recently acquired Australi’s Afterpay which specializes in allowing shoppers to purchase a product but pay it over a period of time WITHOUT any fees or interest as long as they pay on time. 
+It’s not just Afterpay, I’ve noticed these offerings from Amazon and Walmart too.
+
+How does this work? What incentive is there for the companies to lose the time value of money by offering this service?
+Are they banking on the consumer to miss payments and therefore make a lot more on the fines? 
+If so, this is not a sustainable model. 
+
+I’m curious to know your guys’ thoughts on this.
+I know this is going to sound stupid as hell but I can’t find one answer to this only, only comes up with CFD or other meanings to FD. So what do people mean when they say “ I just bought $GOOG FD’s”?
+- My wife doesn't think I'm crazy
+- My friends want to know more
+- My mother brags to other people about her son
+- General dissenters everywhere are stunned
+- I think about how I can take care of the ones I love
+- My manhood is 4 inches longer (not really)
+
+- Most important: I have a lot more confidence in this investment / experiment / experience
+All notes directly from u/Helpful_Egg2364. Thank you fellow ape for allowing me to post this!  Their account is not old enough to post here.
+
+Link to the AMA: https://www.youtube.com/watch?v=2rJujnpKiqM
+
+\---
+
+AMA: "reported SI is *garbage*"
+
+AMA - He believes there are 2 sets of books "like ENRON"
+
+1. through DTCC - audit trail
+2. ex-clearing - broker to broker outside the SEC
+
+Everything is Fake News in the financial sector - the system is rigged
+
+\- From AMA - horses mouth
+\-AMA: Bona Fide Market Makers - They have no actual affirmative obligations - just the privileges (from what I understand)
+
+AMA: Bona Fide Market Makers and Prime Brokers are center stage in the rigging of the system
+
+\- He speculates that this began in late 90's early 00's when DTCC purchased the NSEC (loan stock).
+
+\- Proprietary trading became the main business of prime brokers as opposed to IPO's and wealth management
+
+\- Proprietary trading in stock lending is really just "driving the company into the ground" as a business model-  We're finding that we are rarely wrong about our assessment of the system. We may be wrong about specific moves and dates but rarely about how it all comes together.---
+
+\- Confirming that the DTC is a self regulating body which was a good idea turned into a monster due to lack of enforcement. Electronic delivery is environment ripe for fraud.
+
+\- Require that stocks be delivered: This is lying, cheating, and stealing!
+
+\- He has never gone to trial on these cases because they typically settle to avoid airing dirty laundry.
+
+\- No lending shares more than once!
+
+\- Creating artificial supply undermines the entire mechanism of the stock market
+
+\- He has helped clients fight for a year to get their 10's of millions of shares.
+
+\- They are working on tools to identify when you are being delivered actual shares or counterfeit shares
+
+AMA:
+
+This is the same thing as a car owner xeroxing their car title and selling the same title 100 times. In that case they would be in jail but this is the *Cabal*
+
+DL: "too big to jail"
+
+AMA: they are preparing a major bench case!
+
+\- He is doing this for the principle
+
+\- Takes a gargantuan effort - "GOTTA BE STRONG AS APES"
+
+\- He likes us calling ourselves apes
+
+AMA: Good lawyers representing crooks.
+
+\-"do we want to be on the side of right or the side of wrong." To be on the side of truth "or those who lie cheat and steal"
+
+\- Their team (which notably includes DAVE) is tackling this hardcore!!
+
+AMA:
+
+DL: This is pretty much the first time this has gotten attention "AT THE TIME" of the short selling. The popular uprising is instrumental in making a difference in breaking this cabal's influence on the market
+
+WC: "I think this has the best chance of being successful." Referring to GME breaking the power of this cabal
+
+WC has successfully tackled stock manipulators, working with DOJ, FBI, etc. But the punishments for many of these cases are slaps on the wrists relatively speaking.
+
+AMA:
+
+WC: It will take massive amounts of people to show the bullies HF + Prime brokers proprietary trading desks (make money by you buying, shorting against you, and lending your stock!).
+
+\- The "investing public" can share information and fight this behavior.
+
+\- Use cash accounts, monitor that they are not being lent, keep an eye on what your pension funds do, and other changes of behaviors.
+
+\- This behavior by Prime Brokers and HF is not right, illegal, and impacts the bottom line of all investors.
+
+AMA: Synthetic Shares and Failures : MECHANISMS
+
+WC:
+
+\- only answers using publicly available shares
+
+\- they have been called rehypothecation, reverse conversions, etc. But he calls them popeye and whippy principle (give me the share and I will pay you next wednesday... which never comes)
+
+\- Results in dissemination of false info. Which they (proprietary trading desk) can show to their **internal compliance office,** who can show the **regulators,**
+
+\- Naked short seller asks another broker who will sell him some shares **which are marked long but are actually SHORT**
+
+\- Just strategies to buy them time so the compliance and regulators off their backs.
+
+\- Naked shorting is essentially a Futures contract to do something in some form of shares which NEVER GETS consummated
+
+AMA:
+
+\- I missed a bit to let my dog out.
+
+\- many of the trading platforms are just servers in a data centers (in NJ) making it easier to lie and harder to regulate
+
+AMA:
+
+WC: has seen firms using Large ITM options trading hands as a means to spoof the market
+
+\- A lot of favors between brokerages. They will sell each other options contracts which will last 90 days and then 2 days before will tear it up
+
+\- u/Itz_Ape *explanation:*  A option seller can "neutralize" a sold option via buying it back. It looks like when time to "neutralize" sold options comes, they ask for a new option.  Rinse and repeat.
+
+\- fails sometimes exist for years
+
+\- The mission of the bad people is to drive the price down so they can keep the cash
+
+AMA:
+
+To be certified as a "class" for a class action suit, you have to be "in the same ball game with the same bat" all **damaged** in the same way.
+
+Roundup example: All people were injured by the same company but were not a class because they were not injured in the same way (however changing because they are seeing that it leads to cancer (same damage))
+
+AMA: Discovery process (GETTING INFO)
+
+\- Most cases have protective orders, so only parties (sometimes only the lawyers) can see them
+
+\- sometimes they get published by SEC or the parties on accident.
+
+\- They have ways to check public information with cross-sections of data but this often requires cooperation with the issuer
+
+\- Issuer contracts with DTC for certain services , such as a daily Position report to the issuer
+
+\- Daily position report will let you compare how the debits and credits are happening in comparison with what is happening in the market place
+
+\- Best way is for Issuer to contract with 3rd-party entity to "stock-track"
+
+AMA: Synthetic Shares voting over 100%
+
+\- WC has seen this many times in many companies - SOMETIMES OVER 200%
+
+\- over half of the 60-70 companies he has worked with
+
+\- THIS DOESNT EVEN TAKE INTO ACCOUNT THE PEOPLE WHO DON'T VOTE AND THE PARTIES ENGAGED IN THE NAKED SHORTING
+
+\- he has brought this up to legislators and bureaucrats and they talk big but do nothing.
+
+AMA: Impact of Synthetic shares
+
+\- Impairs corporate governance // company unable to carry out their basic functions
+
+AMA: GME RECOURSE FOR OVER 100% SHARES
+
+\- GME CAN SUE the parties (Direct Claims)
+
+\- Shareholders can sue the parties (Derivative claims)
+
+\- Corporation owes fiduciary duty to shareholders, NOT SUING CAN BE A BREACH OF FIDUCIARY DUTY BY CORP.
+
+\- CORPS WHICH DO NOT SUE OFTEN TEND TO GO TO $0
+
+AMA: CAN SHORTS OFFLOAD THEIR SHORT POSITIONS ONTO NON-DTCC PARTIES?
+
+\- No answer
+
+AMA:
+
+\- Dilution is a damage -is compensable to various extents.
+
+\-----
+
+How helpful are Judges/DTCC when it comes to discovery?
+
+WC: You are dealing with PEOPLE. Generally: Harder to get discovery from judges in NY. State Judges take more interest in it, Federal judges less.
+
+\- KEY: be extremely precise with your motions to compel (discovery motion) explain why each document you are requesting is relevant to the trial.
+
+AMA:
+
+WC has been in the cause for 20 years. And he will be part of this until it is resolved or he dies. This cause is extremely important -- has the country and global economy at risk.
+
+He is open to do a part 2.
+Yes bank was under scanner for a long time now. I was wondering why are people still having accounts there when there are much better options like ICICI, HDFC available ?
+What explains the rise of 3.32% in the nav of this fund when the underlying iShares NASDAQ 100 UCITS ETF closed down by 1.44%. AFAICT, INR-USD did not change enough to cause this.
+
+So, can anybody shed some light?
+
+-----
+Edit: Based on the comments below, I looked into this deeper and found that the ETF held by Kotak Nasdaq is traded on a lot of exchanges. Even though the corresponding "Inav" was down 1.44%, I suspect that Kotak MF actually buys this etf using an account in London Stock exchange (LSE). On LSE, the etf closed roughly 2.88% up on that particular day. Rest of the increase can be explained by rupee depreciation on that day.
+https://finception.in/markets/real-estate/
+
+Well written article. But people have been calling the real estate market a bubble for years now and it hasn't burst yet. Thoughts?
+
+* Which bank do you recommend for savings account or fixed deposits?
+* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc.
+* What bank offers the best foreign exchange rates?
+* Discuss the quality of the bank's mobile apps and the services they offer.
+* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan?
+
+You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services.
+
+Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services.
+
+Previous  [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new)
+As we know, in April Franklin Templeton wound up 6 of its debt funds, and I'm not sure if it's become clear what will happen to the investors' money. Was it not because FT invested in bonds of companies that defaulted and didn't pay them back?
+
+Also they didn't have a cash pool to handle the bulk redemption requests that were made all of a sudden. All of this is a major mismanagement and a red flag. Would you still trust and invest in any (not only debt) mutual funds from this AMC. If yes, why so?
+Everyone says have debt and equity in portfolio, and to increase debt's proportion as you grow older.
+
+If X in early 20s and earning well, and willing to invest purely to have a long term corpus, why should X invest in debt at all? Over the long term, an index fund will always beat a debt instrument. So going all out in equity will give X the best returns. Yes, risk is a factor, but X has a good job (and 6 month expenses in liquid). They aren't relying on their portfolio for living. Even if for 5 years the portfolio is in negative it has no effect in day-to-day life. Only goal is that on retiring the corpus should be maximised. 
+
+What is the reasoning behind adding debt for long term?
+I have been reading a lot about sovereign gold bond and it's advantages. I also read that SGBs are sold in the secondary market and many times can be picked up for a discount.
+
+While I understand that the price of SGB might be picked lower than the issue price, is there a formula to calculate if it's available at a discount? What factors need to be considered like interest paid so far, the issue price and the current gold price? I wasn't able to find anything concrete on the internet.
+
+Thanks.
+The Dow is about 1,6% on the red side and the S&P about the same. I see too many people suddenly panicking and selling their stocks, especially in tech. And not just any tech stocks, the gold boys of the subreddit: Microsoft and Apple! We’ve talked a lot in this subreddit how these companies are great long term plays with good upside, yet I see a surprising amount of people starting to wonder if they should sell their tech stocks.
+
+For those who are thinking of selling today, I want you to go back to that date when you bought the stock, whatever stock it was. Ask yourself: ”Why did I buy this stock?” 
+
+Then ask yourself: ”Has the situation changed?” Do you still see the same qualities that made you invest in the company? 
+
+If you see the same qualities that you saw at the start, continue what you are doing. There’s no reason to sell the stock, right? If anything, buy more!
+
+Stick to your original strategy. I’d just keep doing that DCA and buy the dips. Today is a great day to do that. Don’t worry.
+
+Edit: Thanks for the upvotes and awards!
+Assuming you had a trading algorithm for a derivative of your choice, doesn't matter what really. As long as you're nowhere near 0.1%+ of total volume in terms of your trades, is there any disadvantage from making it open source ?
+
+Presumably the more people use the strategy the better your results, even if you get no code contributions, since the more people use your algorithm the more the market moves in a direction that's favorable to it.
+
+I guess it might fail in various niches (e.g. a FFT algorithm doesn't work if multiple people are trying to whale the same large transactions before they happen), but overall it seems like it's a net benefit to open source the algorithm.
+
+Thought on this subject ?
+Look at all the doomers in other subreddits, particularly the virus ones. They are kissing their loved ones goodbye for the last time. We are here calling each other names and having a fucking grand old time while making (or losing) vast amounts of money. 
+
+We are nothing more than the violinists on the Titanic, and it's fantastic.
+
+PS I wrote this while soaking in a bubble bath.
+Of all the factions that participate in the real estate market, which returns the highest profit? I’m not talking about salaries and individuals. I’m taking about the entire ecosystem of the real estate economy.
+The whole reasoning behind the government bailouts were to prevent an economic melt down because of the extent the major financial institutions were intertwined in the economy.
+
+If Sanders somehow succeeds what would happen?
+
+Or, what would need to happen first to allow them to disintegrate without an economic collapse?
+
+
+Two weeks ago my life drastically changed. Let's say that I went to a job "preparation course". I don't want to reveal anything else, so let's stick with that. In there I was basically locked in with my co-workers for hours and hours straight, while having classes and things like that. 
+
+All of a sudden, while we are on a break, I start hearing people chatting about crypto, all started with someone saying "Ah better to invest in DogeCoin, I heard that it's hot right now", I continued to listen as I had nothing better to do. "Yes..." - Replied and continued another guy "... I've seen that I guy bought a pizza for eleven thousand BTC and now it's worth Millions".
+
+It was a shock to me. Not the fact that they were talking about crypto, but that they are SO BEHIND in terms of news about crypto, they were basically lagging 5 to 7 months in time. 
+
+And that is the reality as it seems (I live in Portugal), I joined the conversation, whitout revealing that I'm invested in it myself. As soon as I tried to generally describe how crypto works, they were astonished. There are Stores that accept crypto? What? Impossible. A Country accepts it as legal tender? No way. 
+
+I stopped talking about after a bit, as I don't want anyone to know that I invest in crypto at all, but in the time that I did, I understood that we are still far from general adoption. I think the fact that we spend so much time researching crypto, makes us forget that other people have no time at all to do the same, so the only information that they get are recycled news.
+Just had a letter from BT saying they are raising their prices at the end of March by CPI from Jan + 3.9% which equates to 9.3% - that means my bill will go up £4.08 a month. This is a big increase of nearly 10%! I had already noticed things creeping up, fuel, supermarket shops, energy costs but I get this feeling this is going to be the first of many letters from different companies. I can't remember my bill increasing by this amount before - anyone else? Do you think it is likely to get any better in years to come or are we going to be seeing this kinda thing for the foreseeable future?
+
+[Link to BT website page with the same info](https://www.bt.com/tell-me-more)
+ Hey all!
+
+As the title above says my gf was hit by fraud and the bank won't give her the money back.
+
+Basically the story goes as this:
+ - Gf is studying
+- Gets called by bank asking about a transaction for £550 to Argos
+- she says it wasn't her
+- her phone dies
+- she charges phone, checks bank and sees that £650 has been transferred to someone
+-she calls bank, they freeze the account and cards
+- investigation starts
+- nothing really happens for 10 days
+- gets a call asking for extra info
+- the account uses a code sent to her phone to get access to her account which she never received so they quiz her on this
+- they'll get back to her in 24 hours
+- 36 hours go by and no phone call, so she calls and they tell her "no we're not giving you the money, you can make a complaint but you can't dispute our decision"
+
+She has no money, bills to come out and outgoings to pay for.
+
+What routes does she have to take from here?
+
+Thank you all in advance 😊
+Gaming is one industry that is growing, with projections through-the-fuking-roof...maybe even more so, from a widespread demographic demand...a product for everyone (at whatever "disposable income level"...everybody like a game.....and doing so, at a historical junture (in the industry's evolution with smartphone & other platform development/availability).
+
+Web 3.0 -- fuk yeah.
+
+And, who better than the son of Superman (retailer extraordinaire)...who is customer focused (and experienced in ramping-up growth, and getting value from capital & generating returns to his investors) -- to lead the way...with an international brand, and millions upon millions of delighted customers?
+
+Zynga...Activision...Electronic Arts -- have garnered interest.
+
+No other stock (that I know of) has retail ownership like Gamestop...where the owners are also customers...I can't think of a single other instance...and I am an aged oak tree.
+
+And I see things that others don't...because I am old school, and an IT guy, and a social thinker.
+
+My thoughts are that Gamestop, and gaming, have a high beta in correlating with the market...sure, they may trade with the market at some points in time...but, like you, I do not see them as the same.
+
+Naturally, any fuk-tard who is short the equity will ply his snakey skills of FUD, whenever the mood seems right....for sharehodlers, that comes with the territory...18 months "in", after a historic position-close-only-for-retail-investors...with a subsequent Melvin-Meltdown...and a turnaround-in-process by the company's management, I would expect Shorts to make continued efforts to convince the rest of the market to avoid Gamestop -- not because of truth, but because of weakness.  A continued wave of Buy-Hold-DRS is painful to them, let alone, a 2nd Wave (of stepped-up investment, or FOMO).
+
+Yes, their troubles began long ago...when they selectively targeted Gamestop....and their arrogance grew when their effort to bankrupt Toys-R-Us, Sears and other retailers worked..as they relied on corruptive practices and loopholes...and a kind of capital market hedge fund (with the duplicitous Citadel -- hedge fund/market maker) to gang-rape companies then slaughter them.  That is the human experiential equivalent to what these suited barbarians are accustomed to doing.
+
+The rightness of investing with Gamestop is not only on the merits of the business turn-around & story...not only on the vulnerable, exposed Shorts who sit like prey on an open field...though it is about both of those...it is also the reclaiming of the territory of the good from the, frankly, evil.  The moral over the immoral.  There is a strength in that fight...for resolve...for cause...and for essence.  Let me use the word that was caged and held hostage by the Nefarious...Gamestop is an investment of individual and social INTEGRITY.
+
+There is no other story that is so captivating in the market...no other investment that so goes to the core of meaning for what the capital markets are.
+
+The Shorts never closed, and Apes never left.
+Hey, 
+I've got a couple of questions:
+I'm from France, 20 years old and I'm looking for a long-term investment and I've decided to use Degiro and invest in VWCE. 
+
+1) What happens if Degiro closes? How do I get my investment back? 
+2) Since VWCE comes from Vanguard, doesn't that mean I'm putting all my money on Vanguard? What happens if Vanguard closes? 
+3) When I buy ETFs, do I really own the stocks? If I want to invest in Gold ETF, do I really own gold? 
+
+Thanks!
+Welcome to the daily [Serious] trading/markets discussion thread of /r/EthTrader. 
+
+***
+
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+
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+
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+
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+
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+
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+***
+
+Thank you in advance for your participation. Enjoy!
+
+One of the persons suing RC over the Bobby stuff can be easily googled. Top of my results was this case:[https://casetext.com/case/pencheng-si-v-laogai-research-found-1](https://casetext.com/case/pencheng-si-v-laogai-research-found-1)
+
+Where it's spelled out they're Chinese and they worked in what they themselves alleged was a government funded institute that defrauded Uncle Sam.
+
+**Edit: He's got a legal practice page here:** [**https://dwslawgroup.com/attorneys/simon-p-si/**](https://dwslawgroup.com/attorneys/simon-p-si/) . Imagine that...He's also got experience with SEC/FTC/all those guys and handling audits and what not. 
+
+Weird...Someone from a country, who worked in an agency studying that country, who sued them for false claims and fraud, now comes out of the woodwork to sue RC.  A country where a certain Evergrande ponzi scheme has been in the works and where the CCP has been doing their damndest to wiggle out of the damage while saving face.
+
+I think we need more eyes on this and research into other related links.
+**June 15, 2018**
+
+Hey guys Blox team here! First of all, ask us anything! (we really mean anything, we love hearing from our community) Secondly, **we are giving away 100,000 $CDT** (we are listed on Binance, so its money in your pocket). Just answer this quiz and follow the rules;
+
+ 
+
+[click here >> blox_crypto_quiz](https://blox.io/lp/blox-crypto-quiz)
+
+ 
+
+**About our platform:**
+
+
+Blox is an advanced Crypto asset tracking and management platform for individuals and businesses. We allow automatic syncing of your wallets and exchange accounts with multiple portfolios for free. It helps traders to keep track on their entire balance in the most easy way.
+
+We are available on iOS, Android and Web. You can automatically sync between the three with a single sign on - useful if you're in an office and on the go at different times.
+
+Some updates about us currently, we are growing massively and are currently recruiting for 5 positions
+
+ 
+
+[click here for our open positions](https://blox.io/careers)
+
+ 
+
+- Frontend Developer
+
+- Senior Backend Developer
+
+- Senior iOS Developer
+
+- QA Engineer
+
+- Senior Full Stack Developer
+
+ 
+
+This will bring our team up to **30+ people** over **3 offices** around the world, ready to tackle any issues you have.
+
+ 
+
+**Future plans:**
+
+Our platform and user base is growing massively on a daily basis and our B2B platform already manages over $2B from the crypto market with clients such as Civic, Aeternity, eToro, Chainlinker and more. Our aim is to get to about 10% of the market being managed under blox by end of the year (ambitious and might be too aggressive, but we are ready for the challenge). We are also starting to implement blox exclusive market data in our apps (you can see it in our explore tab in our Android app) giving our users insights they cannot have anywhere in the industry as well as our public token pages which will have more exclusive data as well in the near future.
+
+ 
+
+We want YOUR feedback on our platform. The only way we can improve is with your help.
+So, take the quiz, earn some CDT, ask us ANYTHING, and if you want to help with feedback join our social channels to be part of our great community.
+
+ 
+
+Regards,
+blox team
+I have played around with iota wallet there were a lot of bugs and I was curious if I was doing something wrong. my following post was deleted:
+
+"
+IOTA wallets just feels buggy to me. Am I doing something wrong? 
+
+
+I have just started experimenting with it and it just feels buggy and broken. I tried to get some iota from a faucet and it was a horrendous process. It didn't show up in my android wallet. After some time, multiple of them showing up. And then there is a 0 iota transaction pending. I tried sending some to my mac wallet. It's still pending and I don't get it.
+I want to invest but don't know if I will given the circumstances."
+
+so what is up with these unhelpful people? do you invest in iota?
+
+EDIT: After it blew up /u/eragmus retreived it back. It was said to be a "filter" but I received no automated messages whatsoever and /u/eragmus is accusing me of not being able to use reddit.
+I am in this for long term gain, unless it starts a meteoric bitcoin-esq rise again and I end up with like a million dollars eventually. Thanks in advance.
+This goes out to my apes who posted/commented earlier about various health issues like ms, and how they hold for hopes they'll be able to retire while still able to move on their own or even just to make living with their conditions slightly more bearable.
+
+I don't care what your thoughts are on vaping, but for me it was/is bad. The time, money, and mental I have spent on this stuff is unreal. I was already quitting for myself, but it is really helpful and humbling to be reminded that I am so fortunate to have the ability to face and fix my issues, while some have to fight so hard just to have even close to the things I take for granted.
+
+I'd been planning to quit for a while and post a pic of me throwing out my stuff, buuuuut I threw it all out 4 days ago! And while I still plan to invest in GME in larger chunks in my semi-regular schedule, I now get a "free" 2 shares/week (at current prices), that I can pick up without a care in the world, because those $50 weren't gonna do me any better how I was spending them before.
+
+Not to get too repetitive, but I would like to say that I am so constantly humbled by and in awe of some of the people that make up this community. Sometimes you/we can get a little silly, but I have seen some of the most intelligent, hard-working, determined, resilient people throughout this group, and I'm so glad you are all here. Stay strong and know that there are always people out there that care for you and want to help.
+This post is part of a monthly series that will continue indefinitely provided that this practice is still seen as relevant to the subreddit (and that I have the desire to do so). I suppose this is my way of giving back to a community that helped me tremendously. Plus, it helps me keep things mentally organized.
+
+I am retired (June 6 2017 @ 38 / former retail pharmacist who hated his profession / married with no kids / LCOL / very fortunate yet determined) with a planned 3% SWR on a starting value of $1,025,772 (AA: 60% VTSAX / 20% VFWAX / 20% VWLUX that will convert to VBTLX at the next harvest; plus roughly $400k in house, land, and personal property not included in the portfolio). This works out to $2564/month, or $2064/month plus $6000 yearly in lump expenses that make monthly totals too volatile (e.g. vacation, property tax, professional license tax, Xmas shopping, car insurance, small emergency buffer).
+
+I am considering a retroactive switch to a target of $2500/month ($2000/month + $6000/year lump) and viewing the starting balance over $1M as a separate fund to be drawn from without guilt (with the discipline to understand that once it’s gone, it’s gone). I place no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (even with no heirs), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities.
+
+If the year-end value is higher than the starting value, I might recalculate a new 3% SWR value and go forward from there since 3% is well within historically safe territory. If you think this strategy violates Trinity, keep thinking until you see how the 3% starting point should tell you otherwise. I might use instead (and keep using each year) the separate fund technique that I described earlier, until the first bad year hits or until $30k/yr is no longer a viable spending goal due to inflation (lifestyle or purchasing power).
+
+This month's spending was $3148 (up/down from $2640), including $500 from the lump expenses, which is $584 over the targeted amount (23% over budget for the month; now 6% over for the year). We brought in $1031 from my wife's part-time job at the library (which she likes and would do for free) and some old book royalties of mine. Our withdrawal was $2117 this month, which is effectively a 2.06% pro-rated SWR for the month, putting us at 1.81% pro-rated for the year. The portfolio went from $1,054,577 to $1,045,372 (a 0.87% decrease), which dropped down to a new total of (drum-roll) $1,043,255 after paying the bills (1.7% increase since retirement, after expenses).
+
+I am bored to tears with discussions on safe SWR, COL, UBI, ACA subsidy ethics, Trinity, insurance, health care costs, what-if scenarios, financial doomsday preppers, crystal balls, investment strategies, side hustles, lifestyle inflation, market corrections, frugality tips, tax avoidance, 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. I am however willing to clarify anything and discuss topics I find to be of more interest. I genuinely appreciate all the congratulations and well-wishers.
+
+Financial thoughts for the month: My former employer’s 401(k) finally allowed me a final distribution on the 25th, long after I wanted out of small-cap (no other low ER fund was offered). If I could have withdrawn and converted to VTSAX upon retirement, I would have saved about $10k (small-caps took a hit a few weeks back). Of course since I’ve cashed out and am waiting for a $500k check to forward to Vanguard (no, they don’t send directly to institution; and yes, it’s made out in their name), small-caps have had a tremendous week (another $10k loss). Such is life. Spending was considerably up this month. $200 for a car battery; $200 on an IKEA trip; $200 on a car hitch with bike rack explain the overage. It doesn’t take much. Just those three items wiped out half the buffer that our supplemental income provides. Without that income, this month’s adjusted SWR would have been 3.7%.
+
+Experiences for the month: I’ve read more in three months than the past three years. Darwin’s Origin of Species, The Bible (cover to cover), a college astronomy textbook, in addition to 3-4 others, just this month alone. I cook weekly (first time with thai, chili, and sushi). I broke off the Diablo 3 semi-addiction, tried Path of Exile and Diablo 1 HD Mod a little. I’m up to 40 miles per week with my running (going for 1:25 HM Oct 14). Lifting weights three times per week and I can tell a difference. I live in the path of totality for the eclipse and saw the most amazing thing of my life. A little swimming, a little television (rewatched the 1977 Roots mini-series and some political stuff on youtube), a little more music, and a lot more housework. I’m so glad to not have the work stress. I was warned that happiness won’t automatically come from quitting work, which is true, but not having the stress sure helps me feel better. Now to just work on some personal stuff.
+
+Plans for next month: lots more running, my first round of golf, maybe Game of Thrones (never watched), still looking for somewhere to volunteer (harder than you would think), keeping an eye out for used kayaks, more movies perhaps (I’m at around 600 on the TSPDT 1000 list), and whatever the fuck I want.
+
+After a lot of deliberation, I just converted all my BTC to ETH. I have owned BTC on and off since 2015 and they're clearly worth a lot more now than they were then. It has been the first cryptoasset to be adopted as a national currency. BTC has been and will likely continue to be one of the few blue-chip cryptoassets for the foreseeable future. However, I see dark clouds on the horizon. Bitcoin fulfills almost none of what I can identify as present and future use-cases for cryptoassets.
+
+1. A community that dislikes change.  The problems that Bitcoin faces today will likely remain forever. If there is anything that the modern Bitcoin community has proved, it is that change is the devil itself. All of the problems facing Bitcoin today (listed below) are technical challenges. Yet, the community continues to pretend that it is perfect. Even if the community were to agree to some changes, they would have to be backward compatible with previous versions of Bitcoin. This severely limits upgradability. The mantra seems to be "do not change, build on top" (yet, while not being very suitable for building on top of).
+2. Smart contracts. Bitcoin saw an improvement in its smart contract capability with the Taproot upgrade. This is an improvement, but the smart contracts are yet not Turing complete meaning that there are limits to their expressiveness. This is usually touted by many supporters as a feature, though any form of justification seems to be glossed over. I think that fully expressive smart contracts are important if you hold the view that the blockchain is not just for settling monetary transactions.
+3. Storing data on the blockchain. One of the common examples of the application of blockchains is the "one truth"-idea where one can prove certain things happened as a consequence of the indelible entries on the blockchain. A modern day example would be storing vaccine passports on the blockchain. Bitcoin has fairly slow transaction speeds, which is a major limitation in the use of it to store, record, and share data. The Lightning network and Segwit are great improvements for speed, but they do not solve the problem of storing data on the blockchain since senders cannot include messages with their transactions.
+4. One of the primary ways of using BTC is to not use BTC. I am here referring to the practice of "wrapping" currencies and trading them on different networks. This is one of the most common ways to trade BTC. This is the modern-day equivalent of banks using mainframes from the 70s to make payments and transactions. At some point, I think we will start wondering why we bother trading Bitcoin when we would never bother using the Bitcoin network itself.
+5. "Store of value". Arguments for why Bitcoin would be the best store of value are typically weak. Yes - there will only ever be  21 million Bitcoins. Yes - Bitcoin is scarce. Yes, Bitcoin is deflationary. Can this be replicated in other projects? Uh, yeah.
+6. Energy efficiency. Bitcoin uses Proof of Work/Proof of Wasted Energy on Dumb Computations. Sure, switching to renewable energy would help reduce the negative impacts of Bitcoin, but it does not change the fact that the system is based on dumb computations. It could theoretically be migrated to proof of stake and use much less energy, but it would never be allowed by the community who love calculating hash functions for no good reason.
+
+My now only blue-chip cryptoasset ETH, of course, has its own issues and the coming upgrades feel like they are taking forever. However, unlike BTC, ETH is exploring and embracing change. It is a platform for people to build on, and they are freer in how they can choose to do so. The world changes, and what does not change with it gets left behind. Except the wheel.
+I’ve been trying to figure out how to word this because a lot of people have encouraged me to give tips and tricks here. I made another post all about evictions and homelessness. You can find it on my profile. 
+
+Here’s my story: 
+
+In August of 2020, I fled an abusive relationship, and I, unfortunately, do not have any surviving family. I was an only child. My parents passed away. My grandparents also passed away, and I never really knew any cousins or aunts or uncles I could call for help. I ended up on the streets. Shelters were either at capacity or you could only come in at night. It was HARD. I cried myself to sleep night after night when I was able to sleep. I won’t leave anyone under the impression that it was an easy, happy time. 
+
+I scraped by on food from food banks, shelters and motel rooms when I could afford them or a church was willing to fund them. I really thought I was done for. I didn’t have any real skills. I stupidly dropped out of college when I met my ex, thinking we’d have a family and he’d take care of me. (NEVER do this!) I was alone and scared in a city I wasn’t particularly familiar with with almost no friends nearby. 
+
+For months, I didn’t really do much to better myself. I blame this on the mental health issues I was dealing with due to abuse and my own general laziness. Some days it was easier to focus on the here and now rather than the future.  If I was fed and sheltered for the night, I avoided thinking about what I was going to do the next day. 
+
+Then, one day, I woke up and I really decided I didn’t want to live like this. I scoured the internet for jobs. Applied like crazy. I had very little work history, and no working phone, so I would miss interview calls if I wasn’t somewhere with WiFi. Then, one day, I was walking past an office building, and there was a sign on the door that they were looking for a secretary. I called the number and they had me come in the same day, and I got the job. Honestly, it was pure luck, but don’t be above checking out local bulletin boards or office buildings and seeing if somewhere is hiring. A lot of times there’s so much online that you miss the perfect opportunity. 
+
+I dutifully show up to work every single day. I offer to do extra work a lot just because I’m so grateful to be there. I used my first check to buy clothes for work. I used the second check to secure housing. Now, I have a job, and I’m not homeless. It’s hard, but I promise it feels soooo good once you better yourself. 
+
+I still struggle. I won’t lie. I used up my check for housing and I don’t have anything left until my next check, but I have some place to sleep at night. I know I have money coming in next week. It’s honestly a great feeling. Of course, I feel the pressure a lot of times. I feel like I’m still failing sometimes, but I look back and see how far I come and I know I can make it. 
+
+I’m here if any of you need moral support or resources in your area. Don’t be afraid to reach out to me. ❤️
+I’m not sure if this is the best place to post this but I figured someone here might have experience with it. I’m currently sitting on stock gains of about 1.5 Million dollars. I’ve read that if you live in PR for 183 days of the year you qualify for a 5% federal tax rate on previously appreciated gains and 0% on increases after you move in addition to no state or Medicare taxes.
+
+So if my understanding on this is correct, at this point I’m looking at roughly 300k in tax savings. I would be willing to actually move my family there for the required time and probably a bit extra without trying to do anything tricky to make it look like I’m living there when I’m actually not.
+
+Has anyone done this and if so what was your experience?
+[Here](https://imgur.com/a/ZopyeeE) is link to images of charts. [Source](https://archive.org/download/sensex-msci-usa-rolling-10-year-returns/Sensex%20MSCI%20USA%20Gold%20Portfolio%20Rolling%2010%20Year%20Returns%2CSharpe%2CRisk%20-%20Copy.xlsx) for this.  **I am defining superior risk adjusted returns as difference of greater than 0.15 between the two assets Annualized Sharpe Ratios**. 70% Sensex 30% USA Portfolio is having superior risk adjusted returns than 100% Sensex Portfolio **30% of the time** (117 out of 393 rolling 10 year monthly time periods). 50% Sensex 50% USA Portfolio is having superior risk adjusted returns than 100% Sensex Portfolio **64% of the time** (253 out of 393 rolling 10 year monthly time periods). **Considering majority of time 50% Sensex 50% USA Portfolio is having superior risk adjusted returns than 100% Sensex Portfolio USA allocation of 50% is necessary**. As per Gold I found 70% Sensex 30% Gold Portfolio is having superior risk adjusted returns than 100% Sensex Portfolio **17% of the time** (66 out of 393 rolling 10 year monthly time periods). 50% Sensex 50% Gold Portfolio is having superior risk adjusted returns than 100% Sensex Portfolio **32% of the time** (126 out of 393 rolling 10 year monthly time periods). **Considering that even 50% Gold allocation does not give superior risk adjusted returns majority of time Gold allocation is not necessary. Only include Gold if you can't handle risk of 100% Sensex Portfolio**.  **Rebalancing for both portfolios is only done if the weights are drifting by more than absolute 15%**. **I have counted 7,11,8 and 6 rebalancing events for 50% Sensex 50% USA Portfolio, 50% Sensex 50% Gold Portfolio,70% Sensex 30% Gold Portfolio and 70% Sensex 30% USA Portfolio from April 1979-Dec 2021**.
+
+The source for the USA returns is MSCI USA Net Returns Index (Dividends are reinvested after 30% Dividend Tax) and to calculate Sensex TRI I subtracted the monthly returns of MSCI India Price Returns Index (Dividends are not included) from MSCI India Gross Returns (Dividends are reinvested) to get monthly dividend return. I add this monthly divided return to Sensex PRI monthly returns to get Sensex TRI Monthly Returns. If you want to know more just click the Excel sheet.
+I’m about to enter into negotiations with my employer regarding my emigration to the UK (probably Yorkshire). Worst case scenario would be me earning the GBP equivalent of my current salary: £2700pcm before tax. In South Africa it’s decent money, but how far would that get a single guy working from home in Yorkshire?
+
+Edit: Thank you so much for all the replies!! Greatly appreciated. Consensus is that I should be asking for £50k to £60k pa.  
+I’m a British citizen, so no visa etc.  
+Job is a software dev for a Canadian company. Where I live is irrelevant to them. Yorkshire is a personal choice.
+We knew that SHF has shorted GME a multiple time above the the total outstanding using different data point extrapolation. I wonder if anyone has tried to estimate the short interest using the recently Credit Suisse, Ortex and Prime Broker data. It's rough, simple and not concise while it provides a relatively reliable directional estimation.
+
+# TLDR: The short interest is likely above 1.25bn shares
+
+I used most of the data from this Bloomberg article:[https://www.bloomberg.com/opinion/articles/2021-04-27/even-after-archegos-credit-suisse-bankers-still-love-hedge-funds](https://www.bloomberg.com/opinion/articles/2021-04-27/even-after-archegos-credit-suisse-bankers-still-love-hedge-funds)
+
+​
+
+[Credit Suisse trimming its prime brokerage business and Huge spike in the lending of GME? What a Cohencidence !?](https://preview.redd.it/z6b0e72zfvw91.png?width=985&format=png&auto=webp&s=ccb319f674f3db028489cbb8eed2558ba2507926)
+
+Prime brokerage is a lucrative business for banks(estimated $30 bn for 2020) and according to the article Credit Suisse **ranked fourth in the league table and had 8% of the market share by the number of hedge fund client.**
+
+"Unsurprisingly, the business of providing stock lending, leverage and other specialist prime services is dominated by U.S. investment banks. Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. serve almost half of the market, according to figures compiled by research firm Green Street and Bloomberg Intelligence. Credit Suisse, the biggest prime brokerage loser from the Bill Hwang debacle, ranked joint fourth in the league tables, alongside BNP Paribas SA, which has spent the past year and a half integrating Deutsche Bank AG’s unit after agreeing to purchase it in 2019. "
+
+Usually, HF would have several prime brokers for their trade execution. We have more stats from the article "That caution probably reflects both Man Group’s size and its location. The figures compiled by Aite Group suggest hedge funds with more than **$5 billion under management have, on average, more than five prime brokers, compared with about three for those managing $500 million to $1 billion, and fewer than two for those overseeing $100 million or less. Moreover, U.K. hedge funds of all sizes have about five prime relationships, compared with an average of about three for U.S. funds.** "
+
+Also remember how Goldman and Morgan Stanley front ran and unloaded Archegos' Position and leaving the toxic bag to Nomura and Credit Suisse.
+
+[https://www.bloomberg.com/opinion/articles/2021-03-29/bill-hwang-s-archegos-was-a-wall-street-disaster-waiting-to-happen](https://www.bloomberg.com/opinion/articles/2021-03-29/bill-hwang-s-archegos-was-a-wall-street-disaster-waiting-to-happen)
+
+https://preview.redd.it/bfgc13gmnvw91.png?width=628&format=png&auto=webp&s=a5bfd667be7d44e90c9e8ae6c0f13be13ea15322
+
+​
+
+https://preview.redd.it/krwbnn2qnvw91.png?width=621&format=png&auto=webp&s=3c376e9d63b44ff9f5f528512fae982b659d635f
+
+While it's logical to think that the **100m share increase from Ortex data maybe due to the Credit Suisse being unable to hide the toxic bag from public view**, it's also right to say **there're a lot more GME shorted hidden by other prime brokers whom are used by the same SHF to short GME at the moment.**
+
+​
+
+​
+
+https://preview.redd.it/gn3jciayrvw91.png?width=625&format=png&auto=webp&s=b1480704f5482291eecec77916a0af50a49566e2
+
+https://preview.redd.it/1suf1yzmpvw91.png?width=448&format=png&auto=webp&s=8e6a8c364e4f998fc5cf42bdccb9d1a8038e76f5
+
+[How much bag holding do Goldman and Morgan Stanley have? Give me the fuking Tendies](https://preview.redd.it/7wi7pf4ygvw91.png?width=592&format=png&auto=webp&s=4bb634493b9b477990aafda90ebecdeeeec35a70)
+
+Assuming **Credit Suisse only holding 8% of all GME short**?
+
+And roughly **100m GME short increase on 27th October**, on a day which Credit Suisse delivered a disappointing Restructuring plan and share price plunged 20.04%.
+
+So we have **100m/8% = 1.25 bn shares shorted**! Matching what the GME parabolic guy said.
+
+[https://twitter.com/YahooFinance/status/1586009235342725120](https://twitter.com/YahooFinance/status/1586009235342725120)
+
+He is a wall street veteran and I'm sure he deliberately didn't emphasize it's number of share or dollar amount on purpose. It's a low level mistake that even junior analyst won't make.
+
+The rocket is ready to be launched. $30 is a joke and we're naming the price not them. Just HODL, SHOP and DRS. We will be reaching Uranus and beyond.
+I am trying to determine the value of a 300 acre farm in Kentucky and possibly how to sell it. It had been run by a farm manager for decades and the profits are split between the farmer and my family. About 15 years ago they fired the farm manager and have dealt directly with the farmer working the land. My family members who have been dealing with the farm have had a hands off  approach for many years and suspect the farmer may not be honestly reporting the profits as the revenue seems to decrease every year. 
+
+I have no experience with farms and would be grateful for any advice on farm value, tax implications, and how to sell.
+So I’m turning 23 this month and have been fortunate enough to accumulate roughly $100,000 in the stock market. I’m a full time student getting his bachelors so I’m not working and still living at home. I want to pívot those $100,000 from stocks to real estate. I live in Miami and everything is extremely expensive! How would I go about this? It scares me to death to let go of what I have learned built and establish in the markets to make mistakes in RE. But I have always wanted to make a ton of money and I think RE is the way. Rental income to be exact. What are some advice anyone can give me? Thanks.
+
+Edit: There are some apartments in my area going for $150,000. If I give a down payment of 10% I’d be putting down $15,500 plus closing plus some remodeling. For the sake of this example let’s say I’ll pay $15,000 overall. If I get free cashflow of $300 that’s $3,600 a year free cashflow and on my invested capital it would be 23.22% return a year on free cashflow on the money I put down ($15,000). Not including the principal pay down which based on the math is $490X12=$5,880 of unrealized gains. So overall by me investing $15,500 I get $3,600 in free cashflow and $5,880 principal pay down on the property. A combined $9,480 every year added to my net worth. That would be on $15,500 a return on investment of 61.61% yoy on those $15k. Without counting on the property appreciation.
+
+I know i know, vacancies and other miscellaneous expenses… it’s alright since I have capital on my side! I still have more money on the sidelines to find another good deal. If everything goes right, would that math be accurate? It seems so good to be true tbh. 
+
+Sorry if I sound ignorant, I’m trying to learn as much as I can.
+The amount of accounts that are either a couple months old, or literally just started participating in this sub in the past month saying how "the sub is going downhill" is unreal...
+
+I've literally been around this sub for several years on various accounts, and this is still a great sub.  Just because you're a paper handed lil b***h doesn't mean the rest of us are gonna cry that we don't wanna play the game anymore cuz were down.  Once this is all over, sure, We will be back to shitty dd and random unnecessary bets, but this what were doing right now.
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Hello fellow crypto enjoyers.
+
+We all know the rules of crypto investments. One of those rules, for the new people around here, is « You shall only invest what you are not afraid to loose ».
+
+But realistically, we all know there’s a lot of people that invest a lot more than what they can afford to loose. 
+
+Personally, I’m a pretty broke student, and 70% of my capital is in crypto. If I happened to loose that, I would be basically homeless pretty soon !
+
+So, if all crypto fell to 0$ or something close to that, how deep in the mud are you ? This can also serve as a reminder to be careful about the projects you invest in.
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all).
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset
+ 
+>“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.
+
+>Mr. Saylor continued, “MicroStrategy spent months deliberating to determine our capital allocation strategy. Our decision to invest in Bitcoin at this time was driven in part by a confluence of macro factors affecting the economic and business landscape that we believe is creating long-term risks for our corporate treasury program ― risks that should be addressed proactively. Those macro factors include, among other things, the economic and public health crisis precipitated by COVID-19, unprecedented government financial stimulus measures including quantitative easing adopted around the world, and global political and economic uncertainty. We believe that, together, these and other factors may well have a significant depreciating effect on the long-term real value of fiat currencies and many other conventional asset types, including many of the assets traditionally held as part of corporate treasury operations.”
+https://www.wsj.com/articles/luckin-coffee-probe-concludes-chairman-knew-or-should-have-known-of-fabricated-transactions-11593953644
+
+An investigation into the accounting misdeeds at Luckin Coffee Inc. has concluded that the company’s chairman knew—or should have known—about the fabricated transactions that inflated the Chinese coffee chain’s sales last year, according to a person familiar with the matter.
+
+A report detailing the internal probe also said that Charles Lu, Luckin’s co-founder and chairman, didn’t fully cooperate with the investigation, the person said.
+
+The monthslong probe was conducted by a special committee of Luckin’s board with the assistance of law firm Kirkland & Ellis LLP. It found evidence that Mr. Lu had knowledge of certain related-party transactions that weren’t properly disclosed, the person added.
+
+
+Mr. Lu, in an emailed response to a request for comment, said: “Rumor! Not true!” A Luckin Coffee spokesman declined to comment.
+
+WSJ NEWSLETTER
+
+What's News
+A digest of the day's most important news to watch, delivered to your inbox.
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+I would also like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time.I agree to the Privacy Policy and Cookie Notice.
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+Three-year-old Luckin, an upstart rival to Starbucks Corp. in China, listed on the Nasdaq Stock Market in May 2019. It revealed just 11 months later that more than $300 million of its 2019 sales were fabricated. The company’s American depositary shares are in the process of being delisted from the exchange, and Luckin’s market capitalization has fallen below $1 billion, from more than $12 billion in January this year.
+
+The Wall Street Journal reported in May that a group of Luckin employees began creating fake sales transactions before the company’s IPO, by booking sales of vouchers that could be exchanged for cups of coffee. Some of the vouchers were purchased by individual accounts, but the vast majority were bought during the second half of 2019 by a number of little-known companies, many of which had links to Mr. Lu, according to documents reviewed by the Journal and people familiar with the matter.
+
+
+In addition, a company with ties to Mr. Lu was recorded in Luckin’s systems as a supplier of raw material and received payments from Luckin that were approved by its former CEO, Jenny Qian, the Journal’s reporting showed.
+
+On Sunday afternoon, a crucial Luckin shareholder vote took place in Beijing that crystallized a fight for control of the company’s board. Mr. Lu, whose status as Luckin’s controlling shareholder has been under threat, had put forth resolutions to remove four directors, including himself and representatives of two other Luckin shareholders, and replace them with his nominees. The result of the vote wasn’t immediately known.
+
+Last week, Luckin said an internal probe into the accounting misconduct was substantially complete, and that sales were inflated from April 2019 through the fourth quarter—confirming the Journal’s earlier reporting.
+
+The company said it has decided to terminate a dozen employees who reported to Ms. Qian, the former CEO, or former chief operating officer Jian Liu and who knew of or took part in the scheme, and subject another 15 employees to “disciplinary actions.”
+
+Luckin said funds supporting the scheme were funneled to the company through a number of third parties associated with its employees or related parties. It said 1.34 billion yuan ($190 million) in costs and expenses were inflated last year, and it is in the process of “terminating relationships with all third parties involved in the fabricated transactions.”
+
+
+The company didn’t detail Mr. Lu’s role in the scheme, but said directors proposed to remove him at a board meeting last week based on “documentary and other evidence identified in the Internal Investigation and its assessment of [his] degree of cooperation in the Internal Investigation.”
+
+Mr. Lu managed to retain his seat last week, as the board needed a two-thirds majority to push Mr. Lu out. Three of its eight board members who are also executives of Luckin voted against Mr. Lu’s removal, according to the person familiar with the matter.
+
+On Sunday, the extraordinary general meeting that Mr. Lu called to reconstitute Luckin’s board was held in a sprawling commercial complex guarded by tight security. Journalists were barred from entering and told by security guards not to congregate.
+
+Mr. Lu’s control over the company is in doubt as creditors including Credit Suisse Group AG have moved to seize and sell a chunk of his shares to recoup a $533 million margin loan that he defaulted on.
+
+A court in the Cayman Islands last month granted an application by banks to wind up entities holding Luckin shares owned by Mr. Lu and his sister, and another related court hearing is scheduled for July 6.
+
+A representative from KPMG, the court-appointed liquidator, attended the shareholder meeting in Beijing, according to people familiar with the matter.
+Hey guys,
+
+I was wondering about the existence of decent ETFs following the African economy. For that, I used the usual online tools in order to find ETFs (and Indexes in general) that follow more than one African economy, but besides the all the popular Emerging Markets ETFs (that are meaningfully influenced by the African market, of course) I could only find one called AFK with an Expense Ratio of 0.88%. If I was looking at only investing in a single African economy, I'd probably pick NGE (although some South African ETFs seem decent, as well).
+
+That's why I am asking if **any of you** have invested or thought about investing into the economy of an African country/multiple African countries?  
+How did you go about it?
+
+Thanks for your time.
+I'm in high school and I can easily wait 50 years for my money to compound in the market.
+
+I'm looking for some stability and growth. I think SPY, QQQ, and ARKK are great for my situation. Also, each ETF will have an equal stake in my portfolio
+
+SPY - the stability to keep a strong foundation to my portfolio
+
+QQQ - half stability and half growth
+
+ARKK -  mostly growth
+
+---
+
+Do you have any feedback or changes I should make to my portfolio?
+Should I close a position or trim from each of them?  I feel like I could close ARKK since it's just the top stocks from the other etfs?
+
+The only two I'm dead set on holding are ARKF and ARKG, but ARKQ seems a pretty decent performer--all things considered.
+
+So, what do you guys think?  Trim or close and, if close, which ones would you close?
+
+**EDIT: Appreciate the help!  In case anyone else is in a similar situation, what I'm doing on Monday is closing ARKK and ARKW positions (way too much TSLA as others have stated.  I'm keeping G (I feel most strongly and least knowledgeable about that area), Q (I closed my google position and still want that exposure), and F (I feel quite strongly about this one and have no other forms of decent exposure to paypal, square, etc.).**
+
+**tl:dr: selling K and W; keeping Q, F, and G.**
+
+**UPDATE: I closed K, W, and Q positions before the plummet today.  Some loss, but worth it to drop those bags.**
+So ,am 22 and am about to lump up 5K on ETFs.I want for long term investment plan of 30-40 years.The bets solution is 
+
+\-VWCE(100%)
+
+But because of being 22 am thiking to take a more risk to take more % return and do this plan for 5-6 years and then somehow turn them everything to VWCE
+
+\- Vanguard FTSE All-World **(50%)**
+
+\- SPDR S&P US Technology Select Sector  **(50%)**
+
+​
+
+What do you think ? 
+
+Is there a better combination for better returns?
+
+How's your portfolio?
+So, I started my portfolio a few years ago. It's got the following in it:
+-QQQ 40%
+-SPY 30%
+-VOT 12%
+-VBK 13%
+-ARKK 5%
+
+I'm considering just rebalancing it to keep it simpler and have broader exposure. I'm wondering when is a good time to do it. Thinking of the following:
+-QQQ 40%
+-VTI 60%
+
+I sold about half my portfolio in Q4 of 2021 to take profits from the recent bull market and have slowly started buying back in since the start of the Russian war in Ukraine.
+
+Right now, if I were to rebalance, I would take a loss on assets if I sell, which means no taxes. Is it good to rebalance now?
+I'm pretty new to trading so I apologise in advance.
+
+I'm looking at getting into small cap stocks and a small cap ETF seems a nice place to start. 
+
+I've been looking at something like IUS3 (open to suggestions) and on the face it seems alright. 
+
+But I want everyone's opinion on small cap ETFs though? Are iShares even that good and is it just better buying single small caps instead. 
+
+Thank you and again, I'm pretty fresh to all this so feel free to give me a reality check if I'm being stupid
+I got into ETFs because of my bank (SoFi) and I own quite a few of their ETFs (SFY, SFYX, SFYF) however they are quite lower in price compared to other big name ETFs.
+
+Are these still good or should I invest in something bigger like VTI, VOO?
+
+Note: I also own some cannabis ETFS (MJ, THCX) and a sports betting/igaming ETF (BETZ)
+Looking to invest for my first time and curious to what ETF’s would have shopify, Amazon  and one that would be gold/ silver/copper/ nickel Jr.miners 
+And a tech ETF
+*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.*
+
+If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar.
+
+**Ask other Reddit users to rate your ETF portfolio!**
+**Quick info:**
+
+* 33 years old, married with kids, living in the San Francisco Bay Area
+* Job: Overpaid engineer at a Silicon Valley tech company
+* Annual household income: $250k-300k, which is $150k salary plus $100-150k stock and bonus
+* Annual expenses: About $65k, with half of that going towards rent for a run-down 2-bedroom duplex that's 18 miles from work (sigh, Bay Area housing...)
+* Assets: $1.4M invested in 50% VTSAX, 30% VTIAX, and 20% VBTLX, plus $70k cash. Investments are held in roughly 50% taxable and 50% tax-advantaged (401k, IRAs, HSA) accounts.
+
+Tomorrow is a special Monday for me, because it's the beginning of what will hopefully be the last full-time work week in my life. Ever since my first kid was born a few years ago I've really struggled with managing my time and have found it nearly impossible to balance work, parenting, spending time with my spouse, my own personal interests/hobbies, and various other responsibilities. I'm incredibly fortunate to have a massive income and a fairly average lifestyle, which has led to me saving a lot of money in relatively little time.
+
+At work I'll be dropping to 80% time and will no longer work on Fridays, so every weekend will be a three day weekend. This comes with a pay cut, but I have enough money saved up at this point that I feel like it's a pretty good deal. Additionally the money I'm giving up would have been taxed at the highest rate, so while my gross pay will decrease by 20% my net pay will decrease by less than that.
+
+While 80% time sounds nice I know that I want more, and I'll be attempting to drop to 60% time soon. One thing I've realized is that my savings gives me a lot of negotiating power - if management is not willing to go to 60% time then I have the freedom to quit and find another job that will allow me to work at 60%. Additionally my department recently lost a bunch of people for various reasons (transfers to other parts of the company, people quitting, medical issues, etc.) so we're now very understaffed, which I think will give me even more negotiating power.
+
+While I would like to completely stop working for at least a year or two (possibly forever!), I'm hesitant to do that right now for a few reasons. First, I'm not quite FI yet - I would be if I moved to a LCOL area, but I'd prefer to live in a MCOL area. Another year or two of saving money should be all I need, and while I could get there a bit faster by continuing to work full-time I've just reached a point where I feel like I need to scale back on work for my own sanity.
+
+Second, the health insurance situation in the US continues to be wildly unstable and unpredictable. I can currently afford to buy insurance out of pocket with ACA subsidies, but I don't want to put my family in a position where we'd be in trouble if those subsidies were no longer available to us. We're very lucky to have Canadian citizenship in case healthcare becomes a massive problem, but moving to Canada is something we'd really like to avoid if possible.
+
+Finally, I know that the current bull market must come to an end eventually, and if possible I'd prefer to work through the next market crash. I'm not completely set on this and may stop working before the crash if it takes more than a few years to happen, but if possible that's what I'd prefer to do.
+
+My view of FI has changed a lot over the years. When I first learned about the concept all I could think about was early retirement - I wanted to quit working as soon as possible and never work again. I still feel that way to some extent, but I'm realizing that there's more than that to FI and that having the freedom to try something different (work part-time, take a less stressful job, etc.) is also an incredible benefit. It's really about having the financial freedom to do what you want and try different things instead of being locked into a career for several decades. And who knows, maybe once my kids are in school I'll feel less busy and decide that I want to spend my time working again :)
+I currently have a simple portfolio consisting of one REIT ETF: XLRE and two other ETFs: VTI and SCHD. I’m looking to splash a couple single stocks in the mix. What’s your favorite company stock and why?
+Hello,
+
+first of all I'm sorry, the following question will probably sound stupid to most people in this subreddit, but I'm losing my sleep over it and I'd like to know how it works.
+
+1) What does exactly move the ticks in the chart? Like, I know that the big players are giant banks, hedge funds etc. but what exactly pushes the chart? Should I imagine hoard of people in a bank staring at charts and clicking on Buy/Sell buttons as they are told to or how? How come the currency pair suddenly drops 200 pips on the news, who and how did they do this? 
+
+I just can't imagine what exatly is happening when the charts move so fast, like who has such power and how is it made.
+
+Thanks so much for answers and happy trading!
+Interesting to see the questions they ask. Right now it's just a call to get stories from people, but I'm curious to listen to the final piece.
+
+*"For many Americans, retirement is no longer the long vacation they once imagined. More older adults are in the workforce than ever, either because they want to work or they need the money. Or both.
+
+If you're 60 or older, please tell us about your experience in putting together the puzzle of work and retirement.
+
+You may be contacted by an NPR reporter or producer, and your responses may be used in an upcoming project."*
+
+https://www.npr.org/2018/04/03/597652164/tell-us-are-you-unable-to-retire-or-retired-but-back-to-work
+fidelity now put in a new policy, you cannot buy options that expire the day of unless you have $1,000,000 or more in their account. there is no opt through a waiver, no exceptions to this rule according to their customer support says.
+
+according to them, too many people have let options expire in the money, then didn't not have the money to cover the contract. it is a fair point, however it neglects to account for those that actually watch their account and make sure to never let that happen.
+
+if you have fidelity, this was put in place the morning of 10/30 with no prior announcement. if you're starting a new account, looking to trade options, be aware of this restriction.
+Was curious to get a sense of how much cash people keep on the sidelines, specifically in their portfolio, not counting savings/checking accounts. Weather it's to deploy in drawdowns like this, or to keep in case of a major crash, are you fully invested at all times, or do you keep some dry powder around?
+
+With my current set up, I keep 10% of my TFSA in cash, fully invest the RRSP when I make contributions, and keep my CAD/USD margin accounts at like 90% cash. In total, I probably have around 15-20% sitting in cash currently in my investing accounts. I have been using the cash in my Margin account to buy Puts which has been working out great.
+
+I know this is traditionally a little high, but I feel comfortable with this amount for now (considering how much I have invested for my age), and will deploy almost all of it into the market if this becomes a severe drawdown (25-30% +).
+
+So as a percentage, how much cash do you hold in your portfolios?
+I believe we may be seeing peak [Bitcoin Maximalism](https://www.reddit.com/r/ethereum/comments/ceyzl6/this_is_what_we_get_when_there_is_no_one_to/) and peak Bitcoin arrogance.
+
+​
+
+**TL;DR**: In a few months time, Ethereum will have the ability to host applications that can safely achieve over 1000 tx/sec and Crypto Twitter trolls will have no choice but to accept what is happening.
+
+​
+
+Even Evan van Ness is tweeting similar things here:
+
+[https://twitter.com/evan\_van\_ness/status/1153428870185590785](https://twitter.com/evan_van_ness/status/1153428870185590785)
+
+Here is my reasoning
+
+Summarizing what Vitalik says in this **March 2019** [video](https://youtu.be/mOm47gBMfg8) @12:25:
+
+The ZK Rollup (A new alternative L2 scaling approach) system of simple payments could potentially increase scalability to 500 tx/sec right now but if we are able to reduce gas costs we can potentially push this *somewhere above* 1000 tx/sec.
+
+Now in **July 2019** EIP-2028, said gas cost reduction has been [accepted](https://twitter.com/StarkWareLtd/status/1153288241656864769) into the Istanbul hardfork which is due in a few months around **October 2019**. Researcher were able to achieve very significant gas reductions while increasing block size a little bit and well within safe limits.
+
+Think about that. In a few months, Ethereum will be capable of hosting systems that can outperform Bitcoin by more than 1000 tx/sec. IN A FEW MONTHS. This isn't about waiting for complete Ethereum 2.0 to emerge and this is without the complex exit games of Plasma.
+
+Types of applications that  are mentioned in the video that could be implemented inside this setup and achieve that throughput include:
+
+\- High performance exchanges like StarkDEX
+
+\- Uniswap
+
+\- ENS
+
+\- others...
+
+Ethereum 1.0 is still mind blowing and is still far outpacing Bitcoin's progress and is about to have an undeniable blooming of a thousand flowers. None of this is even considering Ethereum 2.0. ~~With the introduction of the Beacon Chain in Phase 0 (probably~~ **~~January 2020~~**~~) even further enhancement of L2 scaling will be possible~~ (see Vitalik video linked above) EDIT: Actually I got this wrong... the additional Beacon Chain benefits will come in at Phase 1 (not the first phase zero in Jan 2020).  These L2 techniques will be used in Phase 2 (third phase sharding) for intershard communication further speeding up the whole system.
+
+​
+
+It's just a matter of time before the market admits what is happening.
+
+​
+
+(Please do correct me where I'm wrong and I'll edit the post.)
+Happy 2021 UKPF!
+
+Like many people here at UKPF, I often find myself asking "is it better to rent or buy?"
+
+Most of the calculators I found on the internet is either too simplistic or feel a bit biased.
+
+- Many assumes that you'll just hide your cash under the blanket instead of investing them
+- Does not include other important contributors such as renting a spare room out
+
+So I made https://well-planned.net/rent-vs-buy to help people who asks the same question.
+
+Some features:
+
+- **Comprehensive**: Calculation includes factors such as house maintenance cost, spare-room rental income and investment income.
+- **Pretty charts**: To see how your total assets change over the years
+- **Knowledge sharing**: Instead of being just a blackbox, there's a Methodology page which I go into more details on how each factor is modelled in the calculation. My hope is that everyone reading this page can get a more complete picture of what buying a house entails and to factor that into their own calculations too.
+- **Privacy**: No information is harvested apart from basic visitor counting (The site uses cloudflare web analytics for visitor metrics)
+
+Give it a go :) Quesetions and feedback are all welcome!
+
+TL;DR: I built a comprehensive **rent vs buy** calculator at https://well-planned.net/rent-vs-buy
+**Bullshit jobs**
+
+I recently read David Graeber's *Bullshit Jobs: A Theory* (2018) and came to the belated realisation that after more than a decade in the workforce, I’ve really only had bullshit jobs. For those of you who aren’t familiar with the concept, here are some snippets from the book:
+
+> A bullshit job is a form of paid employment that is so completely pointless, unnecessary, or pernicious that even the employee cannot justify its existence even though, as part of the conditions of employment, the employee feels obliged to pretend that this is not the case.
+
+> Bullshit jobs often pay quite well and tend to offer excellent working conditions. They’re just pointless. Shit jobs are usually not at all bullshit; they typically involve work that needs to be done and is clearly of benefit to society; it’s just that the workers who do them are paid and treated badly.
+
+> … we have established three broad categories of jobs: useful jobs (which may or may not be shit jobs), bullshit jobs, and a small but ugly penumbra of jobs such as gangsters, slumlords, top corporate lawyers, or hedge fund CEOs, made up of people who are basically just selfish bastards and don’t really pretend to be anything else. The three-part list is not meant to be comprehensive. 
+
+> Those who work bullshit jobs are often surrounded by honor and prestige; they are respected as professionals, well paid, and treated as high achievers – as the sort of people who can be justly proud of what they do. Yet secretly they are aware that they have achieved nothing; they feel they have done nothing to earn the consumer toys with which they fill their lives; they feel it’s all based on a lie – as, indeed, it is.
+
+See also Graeber’s [original essay](https://strikemag.org/bullshit-jobs) on the subject.
+
+It’s not that I’ve ever sought out bullshit jobs. Bullshit just came and found me. Over the years I tried a few different lines of work, even pursued lower paying public sector jobs in the hope of finding something worthwhile. They all turned out to be bullshit, the sort where I was just ticking a box or plagiarising someone else’s work for a report noone would read (“intellectual masturbation”). At this point in my career – if you can even call it that – I’ve pretty much lost all hope that I will ever find a well-paying non-bullshit job. 
+
+Of course I’m not saying that well-paying non-bullshit jobs don’t exist, just that statistically I’m not likely to get one. I suspect my jobs have been consistently bullshit partly because I don’t have any real specialist knowledge and skills (the knowledge to be a doctor, for example) and partly because I’ve naturally gravitated to higher paying jobs (bullshit jobs tend to pay better than shit jobs). I also haven’t been driven enough to get a really high-powered  job (Graeber’s third category), the sort where you dispense with the pretense that you’re not a selfish bastard.
+
+**My bullshit job**
+
+I’m currently a risk analyst in a global financial institution. My job is ostensibly to produce risk reports for internal and external consumption but because of my employer’s conflicts of interests, I’m discouraged from doing any real analysis. I understand the existence of my job to serve two purposes: (1) to tick a box so that the organisation can say we’ve analysed the risks, and (2) to increase the team’s headcount and thereby boost my bosses’ standing in the organisation. It’s a classic bullshit job.
+
+The downsides: 
+
+* The organisation is highly hierarchical and I have little control over my work. Anything I write can be changed at any time by managers who have very little knowledge of the subject matter. This is obviously very frustrating and I now deal with it by putting minimal effort into any work. 
+
+* The culture in my team is poisonous. Employees rarely get fired and generally don’t leave (on account of being overpaid) so there’s little chance the culture will improve. I’m sickened by the falseness and the relentless office politics.
+
+* The job is 90% pointless. I’m a parasite on society and whatever skills I had in my field have atrophied. The perverse reality is that I would actually be more happy in my role if I didn’t have any related skills or knowledge, since then I wouldn’t know right from wrong.
+
+The upside:
+
+* By cutting corners, I’ve managed to find carve out at least half of my work week for my own projects, mostly reading books and playing computer games at my desk. Thankfully I have my own office.
+
+**FIRE**
+
+My personal circumstance: in my mid-30s and married in Shanghai, China with two small children. We’ve always tried to live frugally, although obviously many people in our city get by on much less. Our basic stats (in USD): 
+
+* Income: $238k p.a. (75% is from my bullshit job)
+
+* Spending: $46k p.a.
+
+* Net worth: $1.6m, including $800k equities, $240k cash and fixed income, $1m real estate (no car, no other retirement accounts) and $440k debt (mostly home loan)
+
+It looks like on paper we’re close to being able to FIRE but there are some important things holding us back:
+
+* We’re fortunate in being able to keep expenses low living in Shanghai but I don’t imagine that this will continue indefinitely. I’m sure costs will increase as the kids grow up and we do plan to eventually move to a country with HCOL, e.g. UK, US, Australia. 
+
+* I’m very concerned about future long-term returns given the current state of financial markets.
+
+* We don’t yet have a concrete plan on what we’d do if we were to retire early. 
+
+It occurs to me that my job (and other bullshit jobs) could be a potentially good way to reach FIRE, despite their many downsides. This is especially the case if my assumption is that any other job I’m likely to find will probably be bullshit as well. 
+
+Anyone else currently in or been in a similar position? Would appreciate any thoughts or advice, thanks.
+
+Edit 1: It’s heartening to hear that many others are in the same boat. And thanks to those who injected some much-needed perspective. For those in low-paying bullshit jobs or low-paying shit jobs, burdened with personal debt, I feel for you. To me, it all underscores the importance of FIRE, both as a journey (since it gives meaning to our daily struggles) and as an end goal (since it frees us from both shit and bullshit). 
+
+I found the following replies especially insightful, as they go to the core of my and others' interest in FIRE:
+
+u/CannonballUnder26:
+> I thought about this some more, and I gotta wonder, would anyone even bother with FIRE if it weren’t for bullshit jobs and neoliberalism? I don’t think many doctors and nurses pursue FIRE beyond just having an emergency fund and a safety net to catch themselves in lieu of a social welfare state. There aren’t many blue collar folks trying to get into RE, unless disability forces them to. I think this goes beyond a cultural difference, and is actually a manifestation of them recognizing their work has value, while ours does not.
+These really are fundamentally tied phenomena, in my opinion. Many of us want to quit our soul sucking corporate bullshit jobs and focus on more purposeful work. “RE” isn’t usually about being an idle rich parasite for fifty years. It’s about freedom from bullshit. 
+
+u/dlxw:
+> No one wants to stay in the “shit job” layer where the actual work gets done, because true to its name your autonomy goes to shit, and then you start producing shit, and feeling like shit because of it. You try to get yourself out of it, and maybe you do some good work that stands on its own, but the more traction that work gets the more you get invited to the “important” meeting and the more you realize all anyone is doing there is talking in circles spouting bullshit. But you’re comfortable and start getting paid more, and that just turns you into a bullshitter. The sad fact is that 95% of the human effort in that company gets devoted to coming up with bullshit strategies that create busywork for the shit layer, who is busy trying to ignore the bullshit and actually build and fix things. Then if you’re lucky, somewhere in the pipeline someone with a shit job, or a bullshitter who periodically descends into the shit layer to do some real work, is actually turning out good shit :) and that carries the whole company.
+
+> … When an entire economic model lionizes “letting your money work for you” as a virtuous model of productivity, it stands to reason that the highest paid jobs closest to that faucet will revolve around legitimizing this system, creating the appearance of very difficult important work that is actually just moving some money and labor around between people who have shit jobs. You are an interface, a buffer between the true bastards and the people working shit jobs, creating the justification for extracting labor from the shit layer to hand profit to the bastards.
+
+> FIRE mentality can certainly become complicit in this (by basing an entire lifestyle around investment income) but I think the critical component is the work you will be free to do when you FIRE and no longer have to worry about the time investment of the bullshit job. I don’t see FIRE as a way to stop working; this world is too wonderful and broken to sit by doing nothing but subsisting on a pile of money. I *want* to work on useful things, which as he notes are often shit jobs, but with autonomy, where I am not just being crushed by bullshitters and only do the parts of the job I think are important. cleaning your neighborhood, caring for others, learning new skills like art, feeding people, raising kids, writing etc is all low paid shit work *when turned into jobs directed by bullshitters*, but i think is the most personally fulfilling thing I could do, and the actual work that would make society a better place. So my hope (we’ll see how it goes) is to FIRE from my bullshit job and spend the time doing the work that actually makes life better.
+
+Going forward I will probably do what u/LiveFastFiYoung does:
+> I spend maybe 15-20 hours a week on actual work, and spend the rest of the time in my workshop or writing. Those things keep me motivated and I dread having to send another pointless email that won't be read. I could likely go find another bullshit tech job that would pay slightly less that would have me working even less, but I guess I will coast until I can finally quit.
+
+Edit 2: I just heard that David Graeber passed away yesterday, the same day as this post. *Bullshit jobs* was the last book he wrote. A great loss for the world to have lost such an original mind. RIP.
+As per title.
+
+I see a lot of posts and news articles about wage growth being stagnant and crawling etc. From what I can understand (no business or economics background), wage growth is there to keep up with inflation. If wage growth is less than inflation then I'm basically getting paid less every year. So ELI5 what would happen if the other extreme end were to happen i.e. wage growth significantly outpaces inflation? TIA.
+I’m new to REI and I’m still in the beginning phases of research. I hear things on podcasts (or Reddit) about investors buying 1 to 2 properties a year. I just don’t see how this is possible unless they have extremely high salaries or they can finance with no regard to debt to income ratio.
+
+What strategies are investors using to purchase so many properties? Are they just so confident in their skills they don’t care about DTI?
+I want to help. They've been very good tenants for a very long time but I'm wondering what options are out there - for both of us. 
+
+* Will business owners get any relief?
+* Should I defer rent, not forgive rent?
+* Should I ask for receipts that show at least an x% drop in business?
+
+Any suggestions are certainly welcomed
+The assumption here is that you have $1m saved up and a house worth $600k that is paid off.
+
+You're about to retire with $40k/year in expenses (4% of $1m). Should you take out a 30 year $500k mortgage or not? It gives you $500k more to invest but it also adds $2,000 a month to your expenses. (30 year mortgage at 2.5% interest)
+
+I went back 30 years using real world returns and inflation rates.
+
+If you did this in 1992, 30 years later you'd have 50% more money by getting a mortgage.
+
+https://imgur.com/H16UWBF
+
+
+OK, we all get it.  Market returns are typically much higher than mortgage rates.  No big shock here right?  I've seen talk about lowering expenses being key to minimizing risk. Therefore getting a mortgage is a bad idea from a risk perspective.  After all it's raising your annual expenses from $40k a year to $64k a year.  Quite a jump.
+
+So now let's look at the worst year to retire since the Great Depression.  The year 2000. 
+
+Is the outcome actually better if focus on lower expenses?
+
+No, not really.
+
+https://imgur.com/bPIG1oc
+
+Even in this extreme circumstance where the 4% rule fails, you still go broke at the same time.
+
+Arguably at this point of crisis where you're trying to re-enter the job market after being retired for 20 years the "no mortgage" scenario does leave you with more home equity, but that's really small consolation.
+SSPK>MAPS
+
+A vote date of June 10th was set for the SSPK>MAPS merger to bring weedmaps to the NASDAQ. This is a great way to get cannabis exposure without having to buy OTC.
+In my opinion this has a large growth potential. The valuation was good. Forward projections in the investor presentation were very conservative as they did not include new states/countries opening up(NY,etc). Large market share with a rapidly expanding market. A very well put together DD 
+/r/SPACs/comments/mppj5z/sspk_weedmaps_dd_merger_q2/
+
+Update: Vote passed 22mil for vs 4k against.  Ticker will change from $SSPK into $MAPS on Tuesday
+ Our new token is set to move boundaries of what is considered a safe launch!
+
+Liquidity is locked for 1 month, so you know this is safe! The team doxxed themselves to our resident police officer (dev is an actual policeman) and will be punished (kicked from the TG group and shamed) in the event of any funny business. We are 100% transparent (we don't want our faces all over bsc telegrams!). The goal is not to pump and dump, but to have a project with decent Liquidity to attract those bigger investors as we move on. The team believes in this project, and thus are happy to put their money where their mouths are.
+
+Team members will be fully doxxed to the guardian police officer, and vice-versa. This information will be given to trusted admins of prominent Telegram groups. Admins who make problems will be reprimanded. We will push this hard on many social channels. Enough with the scams!
+
+We are very experienced with launching and marketing a coin, and we are investing our own money to support liquidity, so we have everything to lose. We will have admins 24/7 on telegram to answer any questions and deal with possible FUD 🔥
+
+Join the safest token of the year (and definitely the last 2 weeks) and let's launch!
+
+In times of uncertainty, go for safety!
+
+​
+
+TOKENOMICS of our Bean token:
+
+🌱 1,000,000,000,000,000 total supply
+
+🌱 8% goes to the Liquidity Pool
+
+🌱 2% goes to Hodlers
+
+​
+
+Social Media:
+
+[Twitter](https://twitter.com/BNBeanstalk)
+
+[Telegram](https://t.me/UnnamedBSC)
+
+[Website](https://beantoken.net/)
+https://www.cnbc.com/2019/06/28/80percent-of-the-stock-market-is-now-on-autopilot.html
+
+Passive investments control about 60% of the equity assets, while quantitative funds -- those relying on trend-following models instead of fundamental research -- now account for 20% of the market share, according to estimates from J.P. Morgan.
+
+Passive funds have attracted $39 billion of inflows so far this year, whereas active funds lost a whopping $90 billion in 2019, the bank said.
+I got into PLTR early and sitting on 12/31 16c. My thought is to exercise and start selling CC at a price I’m willing to sell at. Am I a fool to start my first wheel on a meme stock? My reasoning is PLTR is volatile, so a good candidate for the wheel, and I am bullish. If I do start making CC, should I start making them on green day’s? Last question, ROI is calculated on my credit/ basis? Example: say credit from CC is 50/ $1600 basis if exercised, so 3% ROI. I have my excel ready to keep records of my (potential) gains, which to me seems half the fun.
+Factory life. Slow season=20-30 hours a week. Busy season =50-60 hours a week. The benefits are decent but the hours and pay are so unreliable. Years ago I worked for a non-profit that assisted adults with disabilities and I really enjoyed the work there. They have a new program where you "adopt" someone with special needs and they pretty much live with you in your home. The pay is excellent and I would be able to stay home with my kids (6 and 4) who are both in school. We would save a TON of money on daycare and after school programs just by me taking this new role. My wife is on board and I'm just waiting on my licensure and paper work then a few tweeks to the home. (New windows and a fireproof door). We have plenty of space in our home and an extra bedroom in the basement. My biggest hangups is there is no insurance, retirement etc. I can sign up through my wife's work but it's an outrageous cost. Can I get benefits from the state seeing how this new position is a tax-free position?? (As in the state offers a stipend for this work and is not taxed). Theres just a lot going through my head along with all these other things and any advice is sure welcome!
+Hey guys just an update, the Behodler DEX liquid queue beta event is announced for Friday at noon UTC (countdown timer is on Behodler.io).  Basically this event is a spin-off of LQ rewards that we see on places like Uniswap or the Sushi liquidity reward/mining events in the past.  
+
+It sounds a little complex if you're not familiar with LP tokens, but the essence is you'll be able to receive rewards tokens just by entering the queue. And you can re-enter as many times as you want for the length of the event.
+
+You can read a detailed explanation [here](https://github.com/WeiDaiEcosystem/LiquidQueue), but basically you'll need a "ticket" to the enter the Beta Queue which is either an EYE/SCX UNI LP token or EYE/ETH UNI LP token with at least 1000 EYE in the latter (no min or max on the former).  Uniswap LP tokens are created [here](https://app.uniswap.org/#/pool).  To enter the queue with this "ticket" you will stake either 1000EYE worth of the EYE/ETH LP or 10% of the EYE/SCX LP.
+
+After this entry validation, you can then enter the queue with a single token of either EYE, SCX, ETH, or DAI and after you move through the queue you will receive back an an LP pair as stated in the documentation. This LP reward token will automatically be sent to your wallet, and then you can do whatever you want with it - unwrap, sell, re-enter the queue and increase your rewards.
+
+The ultimate goal of this liquidity event is to facilitate the burning of Scarcity (SCX) token, which happens on every trade and each time contributes to the residual liquidity on Behodler. Behodler is a uniquely designed DEX based on token bonding curves and allows for 50%+ cheaper gas fees than Uniswap because of single smart contract swaps and other factors.
+
+**TL;DR** liquidity event will reward bringing of increased liquidity to Behodler, the EYE token will finally be trading on Behodler and become deflationary (burning a percentage on trades there), and this is a solid technical innovation that will be sustainable for perpetual liquidity queuing events not just one-off (see documentation for more on this).
+
+Even if you don't feel like participating in the queue, this is likely a good time to pick up some EYE/SCX as this is the next big step for the DEX
+There is so much info out there. So many charts. So many whitepapers. So much shilling. I'm new to this and getting pretty overwhelmed. I don't have a tech or finance background, which is starting to feel like a huge handicap, and while I'm using play money, I still would like to do well and not make stupid decisions. But I'm starting to feel like I don't know enough even to get into a position to hold because I'm worried about entry points, stop losses, blah blah blah. Is it worth just buying the fucking dip on coins I believe in and then just holding and see what happens? I feel like everyone is a trader and I'd love to get into that at some point, but I am starting to feel like I need to read the entire internet and possibly get an MBA first. Any and all advice you have would be great. Thanks guys.
+https://preview.redd.it/2sy4lq90q5761.png?width=526&format=png&auto=webp&s=acd4d9557412e9b93154476d6714efb675cefb4a
+
+I first want to say that I am an investor in Telus for the past year.When talking about the big three telecommunication sectors in Canada, Telus, Bell and Rogers quickly come to mind. Quick by the numbers:
+
+The top three (Bell, Rogers, and Telus account for approx 90.7% of service providers to Canadians)
+
+All three have had continuous dividend growth programs for the past 18+ years, with the only exception being Rogers deciding to keep their 0.50c a quarter dividend/share. In comparison both telus and bell have increased their dividends despite covid. 
+
+This in my opinion is problematic due to how I calculated that  Telus pays over 100% of their net income for dividends (Net income Q3 321,000,000) and they paid out 373,965,000. In comparison Bell paid out approx 90% of their income, and Rogers sits approx around 60% payout of their income. 
+
+With Telus diving into alternate measures and not solely Telecom, ex) Through telus babylon (health), through their security, or through telus agriculture/ partnering with MTRX (you guys love). Is telus too overleveraged for the upcoming quarters, and is this problematic?
+
+My initial thoughts on this matter is that telus diversifying is good and they can turn into a giant in many aspects, however the bearish side of me views these expensive acquisitions along with Telus wanting to increase dividend growth/not wanting to cut them. 
+
+Im curious on all of your perspectives to this, and if you guys feel the same way about telus, **if they seem far too overleveraged with their dividend payout ratio plus all their acquisitions and initiatives for future?**
+These memes are low effort and easy to mass produce and spam, and are being flooded into new almost as quiickly as they can be downvoted, reported and deleted by knights of new.
+
+The Ken = random things meme in particular is a highly effective spam, as literally nothing more than a vaguely anthropomorphic object has to be labelled as Ken in order to be “valid”.
+
+As usual memes are fun, these were funny, now however they are being mass spammed. 
+
+The David Inggs attempt doesnt even constitute a meme. Its just the guys face with barely even a joke, and approaches the levels of mass spamming of an individual that were seen with Melissa Lee last week.
+
+Forum sliding campaigns involving people have the added danger in that they can be used to justify shutting down Superstonk on the basis of harassment of an individual
+
+As usual upvote funny, hilarious and original content or variations, and things which make a good point. Downvote repetitive shit that just clogs the arteries of this forum.
+My fiancee and I want to start outsourcing some of our household duties to free up our very limited schedule. Things like cooking and meal prep (personal chef), cleaning and laundry (housekeeper or maid service), and schedule coordination and errand running (personal assistant) are things we'd love to have someone else do as a part-time gig. 
+
+Who here has done this, gone out and "outsourced" part of your daily life? What do you outsource? How did you find your "employee"? How do you like it? What are the pros and cons of such an arrangement? 
+
+Any thoughts or guidance from those who have done something similar would be immensely appreciated.
+
+​
+Good morning everyone! Hump day came early.
+
+**Large Cap Watchlist (over $10)**
+
+* Gapping UP: RIOT, MARA, BTBT, QS, VIR, SOS, AHAC, ACIC, ALT, SCYX, CVX, VZ
+* Gapping DOWN: KAR, DNMR, AGFY, WIMI, MVIS, IMUX, HQY, TLRY
+
+**Small Cap Watchlist (under $10)**
+
+1. LODE: Leading gapper on a news catalyst. Seeing very high volume and some good price action in the premarket. Has already seen some big price swings in the premarket, just make sure you use good risk management and have a plan for every trade you enter. 
+2. MYT: Gapping up on news catalyst about crypto mining plans. Seeing decent volume and okay price action in the premarket. It was also gapping up yesterday, so it could be a bit extended at the moment, just don't go chasing trades. 
+3. ONCY: Gapping up on a price target upgrade. Seeing good volume and price action in the premarket. Currently holding above premarket support of 4.50, but I'll probably lose interest if it drops below there and can't make it back over. 
+4. EBON: Gapping up on news of a new Bitcoin mining business for the company.
+5. CLPS: Gapping up on a news catalyst. Seeing high volume and good price action at the moment, just be patient and do not chase trades. 
+6. PETZ: Gapping up but could not find a catalyst. Showing some weakness at the moment, and I'm not interested in trading it unless it can show some obvious strength. Premarket support is at 9.45-9.50, and I will probably lose interest if it dips below that point, unless it can come back up.
+7. DOGZ: Gapping up but couldn't find a catalyst either. Decent volume in premarket, but currently showing some weakness. Premarket support around 3.75-3.80, and like PETZ, I'll probably lose interest if it drops below there and can't make it back up.
+8. AQMS: Gapping up on a news catalyst. Saw good volume and price action in the premarket, but it's currently showing some weakness. I'll be watching to see if it can get back over 8.00.
+
+Overall market is looking a bit mixed this morning, slightly in the red. We are still near ATH on SPY, so maybe today is the day we'll see some choppiness. Bitcoin-related stocks are doing well this morning, as Bitcoin is hovering around 51,000. Uranium stocks are also seeing some strength in the premarket, and I'll be keeping an eye on some of them. Marijuana stocks are down in premarket for the most part, but it will be worth keeping an eye on them. 
+
+*If you had a great trading day yesterday, make sure to not chase that high today. Stay disciplined. Your long-term goal should be consistency.*
+
+Remember to use proper risk management, and make sure you size appropriately for your account. Happy trading everyone :)
+Hiya - FatFire here with \~$8m networth in a very expensive city with 3 youngish kids. 
+
+​
+
+I have been sole income earner throughout my career, wife and I agreed very early on she would be stay-at-home although she has an advanced degree w/great income earning potential. 
+
+​
+
+I have been working 60 - 70hr weeks for the last decade, I am ready to take my foot off the gas. 
+
+​
+
+My wife and I have agreed many times to drill down spending, drill down a budget, drive financial discipline. 
+
+​
+
+Problem is that while my wife says she on the same page about building & sticking to a budget she invests zero time in doing so and I can't remember an instance of her trying to actually pull back on spending / etc. 
+
+​
+
+For instance I've asked multiple times for her to break down the various accounts and expenses and build a real monthly household budget, propose a general withdrawal rate, etc but we get nowhere. 
+
+​
+
+We are insanely lucky to be in our position and my wife is an awesome busy and engaged Mom and I know it takes a ton of time and energy.
+
+​
+
+So it seems almost comical to be posting this for basic "how to get spouse on board with budget" post but I think also having the gigantic insulation of cash and assets makes it easy to push it off for both of us.
+
+​
+
+Would love to hear any other strategies etc.
+
+​
+So I realize this will come off as aggressively opportunistic, but given the massive economic upheaval currently going on, I want to know if anyone has insight into finding more desperate sellers of illiquid assets. Given the huge number of businesses facing potential bankruptcy, and general financial stress, it seems like there should be an opportunity for those with cash available to make cheap purchases. Are there efficient means of finding these opportunities? The types of assets I mean are things like yachts, planes, collectible cars, art, really anything of high value where the typical market would be broken in this environment.
+Went to a few inspections in the Preston/Reservoir/Thomastown and Blackburn areas today.
+
+- First two places were both 2 bedroom units two weeks from Auction day (April 4). One agent said that the owners were open to early offers. The second said that although early offers were being considered, they're still pretty set on going to auction. 
+
+- Third inspection was cancelled - the property was meant to go to auction next Saturday but the owners took an early offer on Friday. Went for about $90k above the top price listed in the statement of information.
+
+- Fourth place is also going to auction on April 4th. There were three or four groups, including myself. Real Estate Agent was pretty firmly against early offers and set on an auction.
+
+- Last house was an auction for a 2br over in Box Hill North - 5 or so bidders and about 40 people in attendance, but almost everyone was in facemasks and practicing social distancing so it was very spread out. Auctioneer seemed a bit racist and kept making fun of a Chinese family that was bidding but didn't seem to speak English and had no interpreter. What a dick.
+
+Takeaways: 
+
+- Real estate agents were shocking on health & social distancing. No real estate agents had hand sanitsier or any visible soaps or cleaning products. Three of the four I spoke to at inspections tried to shake my hand, and the auctioneer mob had a few attempts at shaking hands, most of which were rejected. None kept a decent distance. They all need to lift their game, especially Ray White.
+
+- Some sellers are taking COVID 19 into account and looking to close early but others seem oblivious and are firm on going to auction anyway.
+
+- Buyers still seem to be in the market for now, but there was a lot less foot traffic than I've seen previously in the area.
+Went to a few inspections in the Preston/Reservoir/Thomastown and Blackburn areas today.
+
+- First two places were both 2 bedroom units two weeks from Auction day (April 4). One agent said that the owners were open to early offers. The second said that although early offers were being considered, they're still pretty set on going to auction. 
+
+- Third inspection was cancelled - the property was meant to go to auction next Saturday but the owners took an early offer on Friday. Went for about $90k above the top price listed in the statement of information.
+
+- Fourth place is also going to auction on April 4th. There were three or four groups, including myself. Real Estate Agent was pretty firmly against early offers and set on an auction.
+
+- Last house was an auction for a 2br over in Box Hill North - 5 or so bidders and about 40 people in attendance, but almost everyone was in facemasks and practicing social distancing so it was very spread out. Auctioneer seemed a bit racist and kept making fun of a Chinese family that was bidding but didn't seem to speak English and had no interpreter. What a dick.
+
+Takeaways: 
+
+- Real estate agents were shocking on health & social distancing. No real estate agents had hand sanitsier or any visible soaps or cleaning products. Three of the four I spoke to at inspections tried to shake my hand, and the auctioneer mob had a few attempts at shaking hands, most of which were rejected. None kept a decent distance. They all need to lift their game, especially Ray White.
+
+- Some sellers are taking COVID 19 into account and looking to close early but others seem oblivious and are firm on going to auction anyway.
+
+- Buyers still seem to be in the market for now, but there was a lot less foot traffic than I've seen previously in the area.
+It seems to me that this economy is propped up on over valued real estate, cheap debt, immigration and a dying oil industry. Are there any good reasons to be invested in or just simply to believe in the Canadian economy in general?
+WSB's greatest advantage is that we pretty much exclusively trade options. That great asset is also our greatest enemy because I would bet 90% of you autists don't understand how they work, so I am here today to try and help you out.
+
+With such insane spikes in volatility (i.e. rises in IV on the option contracts), it is very easy to get fucked by "IV crush." For those idiots who do not know what this means: IV Crush is when volatility (a key component of the option premium) decreases, causing your option contract to lose value, even if you called the directional move correctly. This happened on Thursday and Friday to many autists, including myself, due to the lower than usual volatility. Now, this volatility can translate to your advantage. If you were long puts at the start of the Rona Bear Market, you would have made massive tendies because you called **the direction and the increase in volatility.**
+
+As with any market route, there is always a bounce, bull trap, dead cat bounce - whatever the fuck you want to call it. The fact is, we are incredibly oversold, and the markets will experience a partial recovery eventually. What I am showing you is that if you buy calls and the market slightly recovers you called **the direction but will experience a decrease in volatility.** This limits your output of tendies.
+
+I will use u/Variation-Separate and his call for a short term bottoming around 213 on the $SPY and take his rally to the 270 range. The obvious play if what he says happens is picking up 4/17 220c/230c/240c/250c/260c (whatever your preference) and riding the increase. The issue with this play is that your upside is going to be limited by IV crush. 
+
+Volatility is measured most transparently for the $SPY using the $VIX, which has been pushing records during this market route. Using historical data, I took a look at the market volatility in 2018, 2017, 2016, and 2008 to show you that on relief rallies, after a significant pullback,the $VIX (aka the proxy for implied volatility on $SPY options) drastically decreases during market recoveries. **What this means: your long calls that you scooped up when $SPY was at 213 will not print as much because while $SPY may hit 270 and you will make some money, you are going to get IV crushed by the fall in volatility.**
+
+**The important takeaway:** on dead cat bounces / bull traps / market rallies, the $VIX significantly pulls back. Put another way, the IV on your $SPY calls decreases when markets rebound.
+
+**So how do I avoid getting IV crushed on the market rally?**
+
+Hedge vega (the quantifiable proxy for IV on option pricing). Vega represents the change in an option value for a 1% change in IV. 
+
+The hedge is by going long $SPY calls, and hedging the vega by shorting the $VIX with puts. All you need to do is match up the vega of the $SPY call with the delta of the $VIX put.
+
+**The Hypothetical Trade:**
+
+Long $SPY 4/17 240c - trading at 9.65 a piece with a **vega** of 0.2404
+
+Long $VIX 4/15 52.5p - trading at 7.90 a piece with a **delta** of -0.2463
+
+This essentially creates a vega-neutral position, aka Fuck Off IV Crush You Dumb Cuck. All you need to do is match up the vega of the $SPY call with the delta of the $VIX put, and you will be able to print massive tendies if you call the directional movement correct. However, since option greeks are constantly changing it is best to do this in a shorter time frame, so be nimble.
+
+It should be noted this can be done using spreads or futures but that is 🌈 People keep bringing up IV on the $VIX, which does exist, and can be visualized with $VVIX. If you want a perfect hedge explore vol futures, otherwise you will face some IV crush on $VIX puts, but the hedge still holds up quite well. 
+
+**tl;dr -** When the market bounces and you go long $SPY calls, avoid IV crush by buying puts on the $VIX. Just match up the $SPY call vega with the $VIX put delta. 
+
+Enjoy the quarantine - 🌈🐶
+
+Edit:
+
+A lot are asking so it should be noted: if you were betting that $SPY would go down with puts, hedging IV is silly because drops in the $SPY almost always correlate to a higher $VIX, so you most likely won’t get IV crushed. However, if you still wanted to be Vega-neutral with $SPY puts, you would still use $VIX puts because Vega is a positive greek and you are still trying to hedge away a decrease in IV. Note: $SPY falling in marginal, incremental amounts can still experience decreasing IV, so hedging Vega on puts is not always a bad idea in a high IV environment.
+
+Not financial advise, just for educational purposes. The use of specific expiries was to model the Vega / Delta relationship between VIX and SPY
+In the interest of giving back to the sub which has helped me and because of the number of times I see comments from people indicating they don’t know how to do due diligence, I’ve decided to offer one man’s perspective on the subject.
+
+Disclaimers: I am not your financial advisor and this should not be taken as financial advice. This is simply my process in investigating whether or not I deem a stock worthy of investing in or not. I have not been trading penny stocks very long so I am by no means an expert. Again, this is just one person’s opinion on the topic of how to do due diligence.
+
+This sub-reddit is great for identifying stocks to add to your watchlist and so that’s how I would use the information found in this sub (at least initially). To help solidify what I’m going to say I’ll use a real example that has popped up recently: $MGXFR - Zinc8 Energy Solutions.
+
+1. I have a mac which comes with a stocks app so my first step is to plug in the ticker to see its current price point. 
+   1. For $MGXFR I see that at 11:20am EST it was trading at .65
+   2. Personally I rarely invest in something over a $1, not saying I don’t ever, but it’s rare so if at this step I discover the current price is above a $1 then I’m very hesitant to invest. (Full disclosure: I don’t always follow this as I got in on $OCGN at sub $3 before the explosion and was very happy with how that turned out, but it’s not my usual pattern)
+2. I check out OTCMARKETS.com to see the status of the ticker, how recently news was released and to read the latest fillings. 
+   1. For our current example, the status is pink which is good. If there is a skull and crossbones, a yield sign or a stop sign then continue with extreme caution. 
+   2. The negatives here are that this has an “unsolicited quotes only” warning, there is no news and the most recent filing is from March of 2020 - this would suggest to me that the company doesn’t have any upcoming catalysts which would shift the price in the near future. This isn’t an immediate deal breaker but now I know this is more of a mid to long term play.
+3. Check Stocktwits for the ticker symbol to see how many people are watching and what is the general sentiment around the ticker.
+   1. This can be dangerous because if it’s one with a large following then you mostly are entering an echo chamber and not going to get any great analysis. The usefulness of this comes from seeing how many people are watching in order to take a guess at the volatility. 
+   2. Most of the sentiment for our example ticker reflects my same thoughts, which is that this is more of a long term play.
+4. Check to see if there is a sub-reddit specifically for that ticker.
+   1. This again can be dangerous because you may be entering an echo chamber, but you will also typically get a more detailed analysis of what’s going on with the company and this part of the search may lead you to some additional resources.
+   2. Searching reddit for this ticker doesn’t bring up many results which means it’s unlikely to be a pump and dump play and again supports my thought that this is a long term hold.
+
+At this point I would be done and feel confident in my conclusion. Personally I’m not looking for any long term holds right now so I would pass on this one, but if it was interesting to me then my next steps would be:
+
+1. Check to see if they have a website, see how recently it’s been updated and if there is any news posted on it
+2. Check to see if they have a twitter account
+3. Do a general google search on the company name and scroll around reading up on them for a while
+
+Hopefully this helps someone! And if you’ve been doing research and stock investigation for any substantial length of time and see something that you would like to correct please point it out so that we can all get better at this! I’m not an expert by any means and I haven’t been doing this long so I’m totally open to correcting my process now rather than later. 
+
+Here’s hoping we all do well!
+Hi fellow apes. Silverback gorilla here, being balls-deep in GME since october-november... when DFV was just another random retard between the 3-4 casual folks writing GME DDs at WSB with almost no followers. At that time, TSLA, PLTR, NIO, etc, were the mainstream stonks and GME DDs were just a piece of info lost in the high traffic of that subreddit.
+
+I'm a doc. I started trading in september for the first time in my life, and was focused just in biopharma stocks, just trading 2-3k. When I found GME DD's, I recognize I never fully understood their maths, but something quickly caught my attention. I understood their logic. It was solid, so I went all in with 90% of my savings. Logic always prevails above all. And guess what, time showed those apes were right... so I was too.
+
+Today, nothing has changed. Now I don't know about stonks and market manipulation more than I've learnt in these months, what is much but probably not enough to make my own financial DD.
+
+But.
+
+Logic gods are still on our side. Probably, more than ever. Nothing has changed.
+
+I'm not here to talk about SI, flags, synthetic shares, etc. You have plenty of that from other apes with more financial-trained brains and that's not my point. I'm here to simplify all that.
+
+Logic. Again. That's all.
+
+Are they still paying mass media around ALL the world to spread FUD about GME?
+
+Yes ^((fuck, they even pay local media in Spain, my country, a small shitty piece in all this game).)
+
+Are they still manipulating the market via short ladders, ETF shorting, etc, etc?
+
+Yes.
+
+Is the price still going down, with low volume, despite several pretty good news involving GME?
+
+Yes.
+
+Are the big players, like BlackRock or Fidelity ^((which have much more research power, contacts and resources than all apes together)), still in?
+
+Yes.
+
+Is DFV, a beautiful cat, GME prophet, still in?
+
+Yes.
+
+So the SS is, almost for sure, more imminent than ever. Its pure logic. From my medical-trained mind, if you have all the fucking damn symptoms, you have the disease. I'm not delaying your treatment just because a manipulated blood test is telling me otherwise.
+
+It may take days, weeks or months, through a slow but relentless bleeding process for the HFs, but eventually, it will happen. Maybe it wont be as crazy as some users guess, but it will happen. Thats what logic tells me at this point.
+
+I've seen my money grow to absurd digits and shrink to depressing ones again and again, so many times by now that I don't fucking care any more.
+
+I love you all, apes. You have my ethernal anonymous friendship. Were together in this battle.
+
+As our beloved u/rensole tells, be excellent to each other.
+
+Take care.
+
+.
+
+.
+
+Of course, this is not financial advice, I'm just a crap-throwing-crayon-eating ape.
+
+​
+
+Edit 1: LOL, shills are downvoting this into oblivion. And my comments too. Thats hilarious. Im just a stupid ape sharing shower thoughts.
+
+Edit 2: everything is my personal opinion, not financial advice again, not a call for a coordinated action of any kind, and of course Im not sure DFV and RC have been in contact. Its just a guess, as thats what I would have done if I was RC, in order to protect the company. Since DFV has become the soul of the GME movement, any legal advice or protection the cat gets to protect himself from the attacks he's getting, secondarily protects GME, thats why I think that. Im not telling RC shares or have shared inside information with DFV. That would be ilegal and theyre not risking it so stupidly. Im just telling he may be helping him other ways, legal ways, like giving him legal support/advice against the HFs attacks.
+We can all see that BTC is stalled at the 13-17k range but do you think this will continue all year? If it does, alts will flourish. But if BTC breaks out over 20k, all the money will follow. Whats your predictions?
+#Your daily dose of Crypto - Aug 23
+
+1. The total market cap has risen 2.8% in the last 24 hours and stood at $2.23 trillion.  
+2. BTC blasts past $50k for the first time since May, amidst increasing adoptions and bullish momentum. Whereas, ETH has risen 2.8% in the last 24 hours and is testing resistance at $3.4k.  
+3. Alts such as ADA, AUDIO, DASH, RUNE, AMP, TEL, XMR saw a double digit rise in price in the last 24 hours.  
+4. PayPal has launched crypto services in UK. Users can now buy, sell and hold BTC, ETH, BCH and LTC. [link](https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-paypal-uk-price-buy-crypto-b1907031.html)  
+5. Binance Singapore has hired a former chief regulator of Singapore exchange, Richard Teng, to lead its regional operations. [link](https://www.bloomberg.com/news/articles/2021-08-23/crypto-bourse-binance-confirms-ex-sgx-executive-as-singapore-ceo)  
+6. Centre Consortium has announced that stable coin USDC will revert to be backed by cash and short-term US treasuries. [link](https://www.centre.io/blog/usdc-reserves-composition)  
+7. Iran has announced to revert the ban on legal crypto mining from Sept 22. Earlier in May, Iran had banned mining due to increasing pressure on its power grid. [link](https://financialtribune.com/articles/business-and-markets/109873/authorized-cryptominers-to-resume-operation-in-autumn)  
+8. American rapper Tyga has announced to launch an OnlyFans competitor Myystar, in which creators will have the ability to sell their content as NFTs on the Ethereum blockchain. [link](https://allhiphop.com/news/tyga-deletes-onlyfans-account-set-to-launch-myystar-platform/)  
+9. VISA has purchased a [CryptoPunks NFT](https://www.larvalabs.com/cryptopunks/details/7610) for 49.5 ETH. It quoted to add this to its collection of historic commerce artefacts. [link](https://usa.visa.com/visa-everywhere/blog/bdp/2021/08/18/nfts-mark-a-1629328216374.html)
+
+Edit: ADA made a new ATH of $2.95
+So it's been a month now, and my previous employer is refusing to provide anyone with a notice of termination including myself what am I supposed to do? I've tried getting emergency services until my new job starts (which is 10 days away, but still won't receive a paycheck for three weeks from now)
+
+* Human resources will not even provide a yes or no answer to anyone.
+
+And for anyone curious for future reference, it's DHL Supply Chain.
+I'm very uneducated about economics, and I have two pretty stupid, but fundamental questions to ask.
+
+1. Why is inflation a good thing?  If money is always becoming less valuable, who does this help?  I know that fiat money makes the money supply more fluid, to allow responses to change in demand, but why does it always need to become less valuable?  Couldn't it stay static?
+
+2. Currently world population is increasing, so obviously everyone wants to "grow the economy".  What will happen to current economic philosophies (esp. regarding things like conservation, environmentalism, etc.) when world population starts to *decrease*?
+
+Thanks!
+Should I sell individual stocks that are losing big time (covid stocks such as Peloton, Futu, Tigr, Coinbase) and use those funds to contribute more into index funds at this time? Or wait till there’s a bit of recovery?
+ The government proposed a few plans few days ago to cool off housing, the two most important ones were:  
+\- Ban on foreign owners. Would it actually have an effect since there is huge loophole around it and people just to do it through corporation.
+
+\- Tax-Free First Home Savings Account (FHSA). This can potentially increase demand while the supply is tight and even cause further hike prices in affordable areas.
+ The government proposed a few plans few days ago to cool off housing, the two most important ones were:  
+\- Ban on foreign owners. Would it actually have an effect since there is huge loophole around it and people just to do it through corporation.
+
+\- Tax-Free First Home Savings Account (FHSA). This can potentially increase demand while the supply is tight and even cause further hike prices in affordable areas.
+I just started using acorns abt a year ago contributing $5 a week and rounding off the change on my purchases. I have extra $500 that I want to invest. Should I put the money in acorns or open a brokerage account and buy stocks? Any advice would be appreciated. Thanks!
+I’m a teacher in by 30s and am looking to see if anyone has ideas for other sources of deposits so I to increase the snowball effect. I have a few stocks so far and am contributing about $50 per week. Any ideas on how to increase my balance so I can get the snowball effect to go faster. My personal goal is to build a $10K portfolio and then go from there so I can increase and catchup to the big guys in this group. I’m excited about how I’m doing so far and am closing in on my first goal.
+
+This is my first post. I hope it’s appropriate in this channel. If not I apologize and will remove.
+Stocks these days give very little dividends, the company gets no money for your purchase in the secondary market, and in the event of liquidation, public shareholders get nothing. As far as I can see, the only point in buying a stock is to sell it to someone else for more money later. Isn't this just a ponzi scheme? Could someone please tell me how these things are supposed to have intrinsic value?
+I know this is very personal but just curious how this fits in with frugal saving. Do you do it? How much is it? I personally started to do it this year with 0.5% of my income for the year and will do it every January 1st or something hopefully. The feeling is kind of weird when one day you are looking for the prices of the best price of an air condition unit for example and the next day you donate multiples of that price difference and I think it makes you think about money a little bit differently overall. What are your experiences?
+The article is about JobKeeper, but ...
+
+> The Australian Taxation Office ... plans to closely scrutinise claims from individuals for working from home expenses, which are expected to soar this financial year.
+
+https://www.smh.com.au/money/tax/employers-could-dock-staff-pay-to-claw-back-incorrect-jobkeeper-payments-20200529-p54xwd.html
+Looking for some advice I guess:
+• purchased our first home 2 years ago
+• had a building and pest inspection done at the time of purchase as well as a full termite treatment using Termidor
+• the pest inspection found old termite damage to a shed on the property but didn't find any signs of damage to a granny flat or the main house
+• during the first inspection one year after the first treatment significant damage was found to the granny flat which now needs to be demolished and rebuilt
+• we have now just found live termites and damage to the main house 2 years after purchase
+
+Building insurance does not cover any damage due to termites. Has anyone previously gone through this and would the termite treatment company not be liable for the cost of any damages given their treatment didn't work? Unfortunately our first home is turning into a nightmare despite doing everything we could to prevent this from happening.
+https://www.bloomberg.com/news/articles/2017-04-24/retailers-are-going-bankrupt-at-a-record-pace
+
+Regarding the REIT shorts: https://www.wsj.com/articles/short-sellers-target-mall-reits-1488888004
+
+Buy the dip on mall/retail REITs?...
+
+/s
+EDIT:  3:00 update.  I'm told they're on loan again for 6.125%.  
+
+​
+
+​
+
+https://preview.redd.it/2fqlt1o0zh8a1.png?width=1168&format=png&auto=webp&s=5f1e45a5caf491bce398c7e026cb30b0a229b9da
+
+​
+
+I've posted this information before.
+
+I am prepared for the blowback because everyone will think I'm talking about myself.  It's a data point that I felt is worth sharing.
+
+A CPA friend of mine loans his shares. He has a few thousand, but he considers it passive income.  I have said my piece, he made his decision, we can still be friends.
+
+Since he's chosen to go that route and not the DRS route that I have I feel I'll have the last laugh, but along the way I frequently ask him what the borrow rate he sees is vs what is posted all over this board.
+
+Last week he said it was a little over 4%, which made sense, Fidelity makes a killing and he gets crumbs.
+
+But today, ALL OF HIS SHARES HAVE BEEN RECALLED FROM BEING ON LOAN.  Meaning all he sees is a 0% loan rate.
+
+With the cost to borrow spiking why in the world would Fidelity not be loaning his shit out?
+
+Very very very interesting.
+
+​
+
+Edit: I asked him for a picture to show what he sees.  Not sure what he took out but at least it shows that another stock is currently on lend.  So there goes any end of year theory to recall all loaned shares...maybe.
+
+https://preview.redd.it/qk5obci6tg8a1.png?width=1164&format=png&auto=webp&s=1347e6cb26376d25480ba2ff5f923cc2d00569bc
+Hi fellow FIRE parents -
+
+Quick facts: female, pregnant, have a 12 month old son, live in the US, fully vaccinated, $11-12M NW as that seems to be a standard stat in this sub 
+
+So my husband is from EU and our 12 month old was born during the height of covid. Due to wanting to be extra safe during pregnancy pre-vaccine and not wanting to expose our infant, my son still has never met his European grandparents or any of my husbands friends or family. It’s also been nearly 2 years since you husband has seen them. Normally we’d fly over 3-4x a year.
+
+I know this isn’t a unique story - covid has caused many delayed joyous occasions. However, we are now considering flying to see them, specifically so they can meet my son. They planned to come here multiple times over the past year but the US borders continue to be closed to them. Given I am pregnant and we have a baby… we want to take as many safety measures as possible. Of course we will wear masks the whole time and keep my son as far away from folks as possible but we are wanting to learn from parents with more experience flying internationally with kids during covid than us…
+
+- Should we fly first class? Would that be any safer or more comfortable a baby? He’s very well behaved but I’m sure seatmates wouldn’t love it. 
+- should we buy 3 coach tickets so we are guaranteed not to have a person next to us? 
+- any airlines that are known for being better than others for this? My husband thinks BA or Virgin 
+
+Honestly we have always flown coach, both when we were worth $10K and now at $11M+. We are stealth wealth but when it comes to safety, I can splurge… 
+
+Any suggestions for the safest way to go? Not going to book a private jet but as worried about money within reason.
+
+Really appreciate any insights from you kind strangers.
+Yes it’s absolutely FUD. It’s everywhere on a Friday afternoon. The idea gained immediate traction in the middle of the day after a piece on CNBC. Do you know how hard it is to get a post to hot on Superstonk, let alone several? We should know the drill by now, weekend FUD is here.
+
+Why would selling at $1000 even have to be discussed? None of you are selling at $1000. I know that you know that, why warn people not to fall for it then?
+
+If apes think a squeeze is imminent they may slow down DRSing, the only thing we know will cause the squeeze that is under our control. The bystander affect is the only thing that has slowed us down in the past, don’t fall for it. They just want to live one more day! Finish the fight and DRS even harder!
+>One senior attorney at SEC headquarters in Washington spent up to eight hours a day accessing Internet porn. When he filled all the space on his government computer with pornographic images, he downloaded more to CDs and DVDs that accumulated in boxes in his offices.
+
+Link to some articles :
+[Forbes](https://www.forbes.com/sites/velocity/2010/04/23/web-porn-obsessed-some-at-sec-as-markets-collapsed/?sh=6cac291c1fde)
+
+[economictimes](https://economictimes.indiatimes.com/news/international/while-us-economy-burned-sec-staff-surfed-for-porn/articleshow/5850805.cms)
+
+[reuters.com](https://www.reuters.com/article/urnidgns852573c4006938800025770e005fc355-idUS217604535120100423)
+I am planning on investing £20k into an ISA at the beginning of the finical year. My strategy for this a spread of 10 investment funds at 10% each. Anyone got any thoughts on the picks?
+
+MUT, SSON, THRG, PHI, MNKS, LTI, EWI
+INRG, SMT, ATT
+
+
+While I know a few of these share the same companies and similar themes I think there is enough distinction between them which means they are all worth holding while spreading the risk. Any advice on it would be great.
+
+To give you a bit of background I'm 28 and aim to continually invest into an Isa each year with the hopes of becoming an Isa millionaire by the time I'm in my 50s. I have set money aside for emergency funds and a deposit for a house so happy and aware of the consequence of my investments.
+So I bought one share a a few weeks back (before the required time to have a share for the stock split).
+
+But HL still show me as having only one share, but with the new lower value for the share. Is this something that sort itself out or is something wrong?
+
+Update 03/09/2020 - I did not receive an email beforehand telling me about this hence why I was confused. They since responded to my query and informed me that it would be sorted out and reflected correctly by 3rd Sept, which it now is.
+Call all your credit card companies and ask to have your payments waived temporarily. I have called all my credit card companies (6+) and all of them are offering to have your monthly payment/due date waived for at least one month, possibly longer depending on how the current situation evolves, but they said to just call back every month as long as needed. I even got Wells Fargo to waive/refund last month's interest charge and an overdraft protection fee on my Propel credit card.
+
+Obviously, you don't want to be carrying balances but of course many do and especially now even those who pay off every month MAY have to temporarily carry a balance.
+Brief search didn't yield any obvious results - how many cars do you have at your primary residence? I find myself at times needing/wishing I had something larger for people/stuff hauling and long road trips. The "weekender" coupe and the luxury sports sedan bring the fun factor but lack the space. The "beater" small size hybrid SUV is practical for quick around town trips and short commutes to work for the misses. That's 3 cars for two drivers (all newish/new models and paid off).
+
+Curious if those that are able have multiple cars to fit specific purposes or get a single versatile car for each driver in the house.
+With Tesla's strong quarterly report on Wednesday, Chief Executive Elon Musk has scored a hat trick of performance goals worth a combined $23 billion in new compensation.
+
+Tesla reported quarterly revenue of $18.76 billion and so-called adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $5.02 billion. Combined with the previous three quarters' results, that surpasses milestones that trigger the vesting of the ninth through 11th of 12 tranches of options granted to Musk in his 2018 pay package.
+
+Musk Receives no salary at Tesla. His pay package requires Tesla's market capitalization and financial growth to hit a series of escalating targets.
+
+Each tranche gives Musk the option to buy 8.4 million Tesla shares at $70.01 each, a discount of about 90 percent from Wednesday's $977.20 closing price. At the stock's current price, the three options tranches that will vest as a result of Tesla's March-quarter performance could generate a profit of about $23 billion, or almost $7.7 billion per tranche.
+
+Late last year, Musk netted $16.4 billion from selling about 10 percent of his stake in Tesla to meet to meet tax withholding obligations related to the exercise of stock options.
+
+[https://www.autonews.com/executives/teslas-strong-q1-report-helps-add-23-billion-elon-musks-compensation](https://www.autonews.com/executives/teslas-strong-q1-report-helps-add-23-billion-elon-musks-compensation)  
+
+
+This may be the highest paid CEO ever. The interests of listed company executives and shareholders are aligned. How does this affect Tesla's stock price going forward?
+I have only read motley fool's articles so far. So I thought it would be good to put in my email to get updates/news or whatnot. But now I'm receiving atleast 5emails per day asking me to enroll for the subscription. Just unsubscribed now , I hope I don't get anymore of these.
+Does converting a 4 to 5 plex warrent a change in mortgage if you buy with a conventional loan?
+
+Are there stipulations day it won’t turn to commercial property?
+Hi all, I’m in the process of looking for my next investment while I save the last bit needed for the down payment. I would like to speed up the latter part of coming up with the down payment. I own a duplex right now which is cash flowing and I’m saving money from my day job, but I’d like to move a little faster. What are some creative ways you all have come up with to fund the down payment for a rental property? Thanks in advance!! I’m trying to put together $30k..
+I've noticed some people find it hard to empathise with people who have been or are currently in a situation where they are drowning in debt. Maybe because a lot of people on this sub are doing well financially... but there is that underlying judgment that being in debt is all a matter of wrong behaviour, lack of self-control, or lack of motivation. While that may be true, I'm sure it's not always the case.
+
+So for those who are or have been in a lot of debt, I would like to know what your real story is, how did you get in that situation and what are your plans to get out of it? If you are finally debt free, how did you do it?
+With the recent posts about strippers seeing clubs empty and watching car dealership lots fill up with more and more vehicles, I am starting to think the bottom will be falling out soon. People everywhere are starting to tighten their belts and seem to be consuming less and less unessential goods and services, which is already a worrisome sign.
+
+However, there is one atomic bomb I believe a lot of people are overlooking that plagues about 45 million Americans. That bomb, is student loans. These loans have been frozen for a couple years but are set to go back into repayment soon (but will likely be pushed to after the midterms). Once student loans go back into repayment, I believe the bottom will completely fall out. 
+
+This is for a variety of reasons. The most critical being that a lot of middle class people can barely handle the inflation now even with the student loan pause and once they are getting reamed for another few hundred bucks a month (after taxes) they will feel the inflation like never before, panic, stop investing, stop consuming unessential goods and will thereby cause a massive market collapse. 
+
+Conversely, if they forgave student loans it would likely help in the short term but would also greatly increase the deficit and the problem of hyper inflation would still remain and would likely get even worse. I am curious to see what will happen with this. It seems like there is no good long term option to solve this problem aside from axing the interest completely and allowing student loan debtors to have much better deductions for paying their loans back. But we know that will never happen.
+https://twitter.com/timkhiggins/status/984304972442492928
+
+
+I think NTSB may take regulatory action against their "Autopilot" which will tank their stock price. Tesla may be trying to get ahead of that story by trying to create an narrative around "Autopilot".
+[https://www.nbcnews.com/business/economy/dow-soars-new-record-high-after-retail-sales-boom-lowest-n1264174](https://www.nbcnews.com/business/economy/dow-soars-new-record-high-after-retail-sales-boom-lowest-n1264174)
+
+>The Dow Jones Industrial Average crossed the 34,000 mark for the first time in history on Thursday, as Wall Street surged to new record highs after a slew of positive economic data, including soaring retail sales and a drop in the number of weekly filings for first-time unemployment benefits.  
+>  
+>The Dow rose by more almost 300 points in the morning trading session, hitting the new milestone less than one month after breaching 33,000.  
+>  
+>The S&P 500 jumped by 0.75 percent and the Nasdaq notched up a gain of more than 1 percent to take it across the 14,000 threshold.  
+>  
+>Markets were on a tear after initial weekly jobless claims totaled 576,000 for the week ended April 10, the lowest weekly figure since March 14, 2020, according to data released Thursday by the Department of Labor. The latest number comes after 55 weeks of claims that have far surpassed the pre-pandemic average.  
+>  
+>“With a huge, better-than-expected decline in new claims for unemployment assistance, at long last the economic recovery appears to be picking up speed," said Mark Hamrick, senior economic analyst at Bankrate. However, nearly 17 million Americans still receiving some form of unemployment assistance, he added.  
+>  
+>Retail sales, which had fallen by 3 percent in February, jumped to an increase of 9.8 percent for the month of March, after a fresh round of stimulus checks fueled consumer spending on clothes, sporting goods and cars.  
+>  
+>That data, reported Thursday morning by the Commerce Department, roundly beat forecasts for a 6.1 percent gain and showed the best month since May last year, when the first tranche of economic impact payments boosted retail spending by more than 18 percent.
+Don't even think about funding an account until
+
+* You have a solid basic understanding of trading
+   * Day Trading: The Basics and How to Get Started Fast (investopedia.com)
+   * Technical Analysis of Stocks and Trends Definition (investopedia.com)
+   * Introduction To Day Trading Stocks | 1215 Day Trading.com (free little video course but quite good imo)
+   * Mark Douglas - Trading in the Zone
+* Have a very good understanding of Technical Analysis & Price Action
+   * What is the market doing?
+   * What sectors are strong?
+   * What sectors are weak?
+   * What stocks have good daily charts? (trending up/down)
+      * Ideally, you want hot/strong markets/sectors/stocks (above/below the major SMAs)
+      * Clear uptrends and downtrends
+      * Good ATRs
+      * Range bound markets are more difficult to trade
+   * Know how to mark up charts and TA focal points
+      * Where are the daily levels?
+      * Where are the supply and demand zones?
+      * Where is the trend line(s)?
+      * Where is the algo line(s)?
+      * How to set alerts?
+      * Any signs of reversal? (HA candles on the daily, hammers, dojis, etc)
+      * Any signs of continuation? (eg 2 flat top/bottom HA candles)
+      * Where is the 50/100/200 SMA? (Daily Chart)
+      * Where are the 3/8/20 EMA and VWAP? (M5 & M1 Chart)
+      * Where are the liquidity pools stacking up?
+      * Is volume increasing or decreasing?
+      * What is price action telling me?
+      * Does the stock have relative strength/weakness to the SPY? (not RSI)
+      * Am I trading with or against the market/sector/stock? (Trend)
+* Have a good understanding of managing risk aka how not to blow up your account
+   * **THIS IS YOUR MAIN CONCERN/JOB. MANAGING RISK.**
+* How can I find good stocks to trade? (Scanners/Screeners/Chatrooms etc)
+   * Volume/Relative Volume, % Change, Gappers, Large ATRs, Relative S/R To SPY, etc
+* Have found 1 or more legit successful mentors or pro traders to follow and learn from
+* Have found 1 or more legit solid communities or chatrooms with pro traders and people looking to become day traders
+
+Ok, now you have sufficient knowledge and resources to open an account and get your feet wet.
+
+* Pick a strategy in which you have clear signals for entry, a clear stop loss and profit targets
+   * Let me make it simple for you
+      * Buy at support & sell into resistance
+      * Wait for confirmation/retest
+      * Find setups on the M5 chart (or higher, basically you want to reduce the noise of the lower time frames)
+      * Find entries & exits on the lower time frames
+      * Set your stop loss at a point in which the support/resistance failed eg the support broke and has now become resistance
+      * Try to avoid going against the overall trends of the market, sector and the stock
+* Types of Support/Resistance
+   * Daily Levels (Swing Highs/Lows)
+   * Daily Trend/Aglo Lines
+   * Major SMAs (50/100/200)
+   * Liquidity Pools
+   * Lower Time Frame SMAs/EMAs (3/8/20), VWAP
+   * Lower Time Frame Trend Lines
+   * Lower Time Frame Elephant Bars (Lows/Highs)
+   * Flat Bottom/Top HA Continuation Candles
+* Use trend lines, market structure (lower lows, higher hights) and MAs to help you determine bullish/bearish bias
+* Easy way to take profit as a newb
+   * Sell a 3rd at 1:1 (Risk:Reward)
+   * Sell another 3rd at 1:2
+   * Let the last 3rd ride until the trade/trend reverses
+* Use a trailing stop once you take profit
+* **Paper trade OR use only 1 share or contract size to practice on**
+* Journal every last detail of your trades
+   * Tradervue Trading Journal - Journal, Analyze, and Share your trades
+* You want to know why you lost on a trade and how to optimize winners. There shouldn't be a single trade you lost that you can't understand why. Then look to implement those ideas the following day. Ask other traders for advice/trade reviews. Do more of what's working and less of what isn't.
+* See which exit strategies consistently yield you higher returns eg trendline exit, MA cross exit etc.
+
+After 2 months of consistently being green trading super small, you MIGHT have some idea to trade.
+
+* Slowly increase your position size
+
+And remember, **RISK MANAGEMENT ABOVE ALL ELSE**
+
+Two of the biggest problems for new traders are
+
+* Holding losers too long
+* Cutting winners too early
+
+If you can be disciplined and master the emotional/psychological aspect of trading, you have a great shot at becoming successful.
+
+PS: I am sure I am missing some stuff, but this will get you on the right path.
+
+Good luck
+https://finance.yahoo.com/news/chipmakers-struggle-inventory-buildup-pandemic-123442063.html
+
+> - Pandemic recovery, rising interest rates, a falling stock market, and recession fears have weakened consumer appetite for electronics.
+> - However, the industry expected chip sales to double by 2030, surpassing $1 trillion globally. Micron eyed a facility in upstate New York that could cost up to $100 billion, partly funded by U.S. government incentives.
+I’m an 18 year old high school student wanting to learn more about the stock market and also trying to figure out the best stock options for really cheap. 
+
+If y’all could recommend any books, websites, or reliable YouTube channels for someone to learn more please let me know.
+From the WSJ: [ Stubborn German Slowdown Ominous for European Economy](https://www.wsj.com/articles/german-growth-falls-to-six-year-low-hit-by-manufacturing-recession-11579086072)
+
+GDP growth in Germany was a paltry 0.6% last year!  Manufacturing contracted 3.6%.
+
+Additionally the gas automotive industry represents about **a quarter** of Germany's economy.  That's a big issue considering electric cars don't need all the gas automotive parts Germany produces and the current leader--Tesla--is a primary competitor to German car companies like BMW and Mercedes.
+
+> “The next decade will be a decade of underperformance, and people may once again start talking about Germany as the sick man of Europe,” said Joerg Kraemer, chief economist at Commerzbank in Frankfurt.
+
+...
+
+> Germany’s weakness is bad news for Europe, and not just because of its size, accounting for about **a fifth** of the EU’s total gross domestic product.
+
+...
+
+> Germany’s Federal Labor Agency said this month that job vacancies were falling and more firms had reduced working hours to preserve jobs.
+Anyone remembers RC tweet about China high speed rail?
+
+https://preview.redd.it/azcw4sk73kd91.jpg?width=616&format=pjpg&auto=webp&s=fb67adc2c849ece5b9eebd0dad13e86fe92fe25f
+
+There was interesting post speculating it could be RC hinting us about acqusition.
+
+[https://www.reddit.com/r/Superstonk/comments/vkpydt/ryan\_cohen\_tweets\_about\_high\_speed\_railhsr/?sort=new](https://www.reddit.com/r/Superstonk/comments/vkpydt/ryan_cohen_tweets_about_high_speed_railhsr/?sort=new)
+
+High Speed Rail (HSR) could be reference to Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976. HSR act requiring parties to mergers and acquisitions report to the FTC and DOJ and file premerger notifications.
+
+Waiting period to complete transaction and allow announcement is 30 days. If we assume the day of tweet was notification, then we can expect news as soon as Tuesday 26th of July.
+
+​
+
+On 28th of June GMErica trademark was published for opposition and waiting period is 30 days as well, which bring us to Friday 29th of July.
+
+[https://www.reddit.com/r/Superstonk/comments/vm41je/gmerica\_trademark\_gets\_published\_tomorrow\_062822/?sort=new](https://www.reddit.com/r/Superstonk/comments/vm41je/gmerica_trademark_gets_published_tomorrow_062822/?sort=new)
+
+​
+
+Then on 29th of June SEC granted a Confidential Treatment Order to SEARS, which is strongly associated with merger and acquisition.
+
+88% of delisted stocks in **granted Confidential Treatment** were due to acquisition/merger and SEARS is about to be delisted on European market on Monday 25th July.
+
+[https://www.reddit.com/r/Superstonk/comments/w6vg4p/could\_gme\_be\_in\_the\_process\_of\_acquiring\_sears/?sort=new](https://www.reddit.com/r/Superstonk/comments/w6vg4p/could_gme_be_in_the_process_of_acquiring_sears/?sort=new)
+
+​
+
+EDIT: 
+
+Another sign of potential acqusition. SEARS suspended due to corporate actions.
+
+[https://www.reddit.com/r/Superstonk/comments/w5rxmn/blockbuster\_tweeting\_from\_the\_grave\_sears\_now/](https://www.reddit.com/r/Superstonk/comments/w5rxmn/blockbuster_tweeting_from_the_grave_sears_now/)
+Congrats you degenerates, you finally beat The Man and you're swimming in tendies. This was a fun ride and it's probably not over yet, but I'm hopping off the train with over a million dollar gain. 
+
+Here's the fun part - while I never thought I'd make this much on the trade, when I entered it I promised my Maker I'd give 20% of whatever gains I had to charity and folks affected by the pandemic. I thought maybe it would be $10k or maybe $20k - who knows, $50k if shit got wild. 
+
+So far, post taxes it's around $150k. Wow. We researched charities in our area and I found one that focuses on preventing evictions and helping kids in crisis. We called them this week to tell them what we plan to drop by next week and they were shocked. It costs a lot less to keep a family in their current home than to find them a new one, and in a lot of places, the average eviction is over less than a thousand bucks. They estimate this will keep 100 families in their homes - the majority of whom have kids under 5.
+
+I don't want give up privacy or too many details here and you can ban me for that if you want ( you can see I mentioned this plan in an earlier comment a few weeks ago) , but there are a ton of eyes on this sub and this community right now - let's show the world that we're not the 'dumb money' and we do good when we do well.
+
+I encourage everyone who made bank on this to make a donation to a local charity as there's a lot of need right now.
+Hypothetically, let’s say Q2 2023 ends and we’re clearly hitting a bull market (again, I have no reason to think it will or won’t). Do you change your investment strategy when markets are rising? Are you more aggressive towards growth, or do you stay the course and direct any gains back into dividend-focused ETFs?
+Should I go for it? Basically my life is currently in ruins, my gf is breaking up with me and kicking me out (apt under her name I know I played myself, I trusted her completely). I don't like the job I'm at anyway so I'm thinking of leaving it and taking this as a rebuilding opportunity. Forex is something I've been toying with for awhile but haven't been able to dedicate myself with work, gf and friends.  
+
+
+I have property out of the country I can stay in, so I can rent out a room and live off of that money. I have a car there as well... I can effectively work on forex as my full time job. My fear is if I'm horrible at it and completely bomb... It's hard to grasp exactly what I can get out of it because it seems like your success depends so much on your personal dedication and skill.   
+
+
+I'm thinking of about a 6 month timeline at first to see how it goes, and extending to a year as long as I've been making SOME sort of progress. My goal is to hit a point where I can support myself through forex and move back to where I am now. I need about 2.5-3k cad a month to make it work here, and I would continue to try growing that but that's my first big goal. I KNOW it's dumb to ask how much I can make, I just want to know is this POSSIBLE, does this plan make sense or am I being a fool?
+I've been trading for 2 years now as a retail trader and I wouldn't say I'm killing the game. I have been making all the right moves, looking for major trends, noticing resistance and support levels and making entries at the right time but I have only one problem.... I don't know when to close a trade. I always leave it hoping that it would go for the next resistance or support level only to be disappointed and experience a reversal. 
+How do I close?
+Just a few questions for anyone who scalps for a living. 
+
+How did you get started? What size positions do you take? What do you look for and how many pips a day do you go for? 
+
+If you transitioned from a full time job to forex for a living g, are you happy with your decision? 
+
+Thanks in advance 🙂 Love the community and love hearing from people who are in the market and their experiences ? 
+I lurk here and never post or comment just because I like to take in information to help on my journey. 
+
+However, I can’t help but mention a trend of user comments on being skeptical of if someone is telling the truth on being successful in trading or even believing that it’s possible in the first place because no one can prove it.
+
+i respect everyone’s opinion because they are entitled to it, but honestly what’s the point of being here then?
+You all have heard it before: "people's expectations are too high when starting forex" and its true. So what should a consistent profitable strategy aim for when backtested? 50% monthly? 100% annually?  
+
+
+And when is it not worth it? 5% monthly? 20% annually?
+Hi UKPF
+
+Been looking at my finances again in the face of a payrise from a promotion, and wanted thoughts on a current set up I'm considering expanding.
+
+My company has a sharesave scheme: 
+
+20% discount on the live shareprice at a set point in the year, that becomes your set price, and you contribute savings from your payslip at £x for 3 or 5 years. 
+
+At maturity, your savings have accumulated and can either be returned to you (no interest) or you can buy shares at your set price and either sell straight away or hold. 
+
+If the shareprice stays flat you at least make the 20% profit because of the discounted share price. If the price drops badly you have only lost the interest/gains you might have made elsewhere, no original capital is at risk.
+
+I now have 3 X 3 year schemes, all at £75pm. This means ever year going forwards, one month I will have a £2700 pot maturing as a minimum, plus any gains on top. It also means at any given time I have a rolling £2700-£5000 saved up that can be cashed out as worse case (if I lose my job I get that back). 
+
+I like this set up, it's low risk, and feels like I'm paying my salary forward as every year I get a little "bonus" from my past self. In the past I've made decent profits as well, but not always. I also like that it comes out of my pay, so I've just adapted to my current net. It's as if I never get paid that in the first place because I never see it.
+
+Considering doubling it all to £150 X 3. I can afford it. It would mean the "bonus" is minimum £5400 and savings at a given time would be c£5-£10k. 
+
+The downsides are all about whether that money would be better accumulated and compounded elsewhere. Or is this a simple risk appetite thing (low risk low reward). I think the trade off it good but I'm no expert and it could just be personal preference. I could be missing something. 
+
+Anyone got any feedback on this set up?
+
+Thanks
+I might be a year away from my goal of completely replacing my income with trading income but I am more of a planner. What are some important money moves to help reduce tax liability and what is the best business structure to use when mapping out the future?
+May 26, 2020 at 6:10 a.m. PDT
+
+[U.S.-listed Chinese technology companies are lining up to sell stock in Hong Kong, seeking refuge from an environment that has become increasingly less hospitable.](https://www.washingtonpost.com/business/hong-kong-finance-has-a-security-blanket/2020/05/25/93de4a3c-9edb-11ea-be06-af5514ee0385_story.html) Nasdaq-traded **JD.com Inc. and NetEase Inc. are planning secondary listings in the city next month, following a trail blazed by Alibaba Group Holding Ltd. in November 2019  with $13B sales.** Optimism that more companies will join them drove shares of Hong Kong’s exchange operator up more than 6% on Monday.
+
+There’s every reason to expect these stock offerings to do well, and push Hong Kong back up the rankings of the world’s largest fundraising centers.
+It's a slow day in the office and market, so I thought I would share the stocks I plan to buy January 5th. My plan is to hold these 10 stocks for the next 1-3 years. I will be putting $1000 into each stock. My wife and I already hold the bulk of our retirement funds in diversified index funds. This money will be in a taxable Robinhood account. I will include a brief DD I have done on each stock.
+
+About me: I am a 28 year old amateur investor with 6+ years experience, and a background/interest in statistics. My goal is to maintain steady capital appreciation through a diversified set of 10 individual stocks. I favor under-valued large companies. Hopefully from my write up, you will see some of the financial statistics I look for when I screen companies. I believe 6 out of 10 of my holdings are undervalued at current levels. Please feel free to critique this portfolio and any companies in in it. 
+
+1. Cisco Systems (CSCO)  -  Cisco is the leader in networking and IP security equipment. Look at your office's phones, servers, routers, switches, and web conferencing software, Cisco's name is most likely on that product. I believe they are currently **undervalued**. Forward PE of 11.33, profit margins of 19.33%, high levels of cash to debt (3.35), and an effective management team resulting in a return on equity of 16.42%. Cisco's dividend keeps growing, and it currently yields 3.08%. Their stock price is down ~2% YTD. 
+
+2. Honda Motor Company (HMC) - Honda is known for producing efficient, reliable cars, trucks, and motorcycles. They dominate the US with the Accord, Civic, and CR-V. They will be re-entering the truck market with the Ridgeline in 2017. I have always found Hondas to hit that sweet point with price, reliability, and smart design. I believe Honda is currently **undervalued**. Forward PE of 11.46, price to book value of .97; price to sales of .47. The vehicle business is competitive, however their profit margins (4.86%) and return on equity (8.86%) are above industry standards. They have 8.86B in operating cash flow. Dividend yields 2.2%. Stock is up 8% YTD, but down ~20% over the past 5 years.
+
+3. Royal Dutch Shell (RDS.A) - Shell is a huge integrated energy company. I believe it is **probably undervalued**. This is based on the fact that I believe oil prices will stabilize in the next coming years. I think we will see a further short-term dip to oil prices around $25-30. I usually would wait for a better entry point, but the dividend yield (8.18%) is too tempting. Shell is trading under book value (.90). It still is inching out a small profit. Perhaps the biggest plus to shell is its large cash reserves (31B) and operating cash flow of (34B). I like shell as a play on oil prices rising. Shell is down 33% YTD.
+
+4. Tesoro (TSO) - Tesoro is my hedge against oil prices staying where they are/going lower. Tesoro is a refining company that I found through some /r/investing posts (thanks!). Refiners will continue to do well with lower oil prices, and statistically-wise, they are the best refiner in the US. I believe they are **fairly-priced**. They have a forward PE of 11.53 and trade for a little over 2x's book value. Profits have grown 91% yoy. Management has been highly effective with their cash (return on equity 25.75%). They have more debt than cash on hand, but still operate with an operating cash flow of 2.16B. Dividend yield 1.94%. They are up 46% YTD
+
+5. Travelers Companies (TRV) -Travelers is an insurance company. I've personally used them, and found their prices and customer service to be amazing. I wanted exposure to the insurance industry due to rising interest rates. This will allow insurance companies to profit more on the insurance premiums they collect.  Travelers seemed the most **under-valued** in the insurance industry. They have a forward PE of 11.57, price to book of 1.45. Profit margins of 13.62%. Management has been effective with capital resulting in a return on equity of 14.63%. Dividend yield of 2.17%. Travelers is up 6.86% YTD.
+
+6. Western Digital Corp (WDC) - The leader in storage devices. This company recently made a splash by acquiring Sandisk to gain broader exposure to the flash storage market. Their main rival is Seagate. Storage needs will only increase as more and more people and companies store and send data intensive files. Our world is only becoming more and more reliant on video-chatting, picture-sharing. New devices like smartphones, automated cars, and oculus will only continue consuming data. That data will need to be stored somewhere. The storage industry is becoming increasingly more consolidated. I really believe the industry is at the start of a huge transition. I believe WDC is **undervalued**. They have a forward PE of 8.16, price to sales of 1.01, PB of 1.51. Profit margin of 9.47%, Return on Equity of 14.48%. Their cash exceeds debt with a ratio of 2.68. Dividend yields 3.32%. WDC is down 45% YTD. 
+
+7. Walmart (WMT) - The retailing giant is down 28.55% YTD largely in result to Walmart deciding to raise the pay of their minimum wage workers. This has affected quarterly YoY earnings growth (-11%). Despite the investment in their workers, I believe Walmart to be **undervalued**. They have a forward PE of 14.69, price to sales of .41, price to book 2.49 (lowest in industry). Profit margins are at 3.12%. Management has always been effective with a return on equity of 18.62%. Dividend yields 3.24%. They have tons of cash flow with an operating cash flow of 28.10B. Walmart benefits from low oil prices. They have a decent online shopping system. I expect their investment in workers to start attracting new customers. 
+
+8. Visa (V) - Visa is a cash cow that takes 2.5% every time you swipe a credit card. They benefit tremendously from the rise of online shopping. Most people I know rarely carry cash. If you travel to under-developed countries, you will see the growth in more and more businesses accepting Visa. People have caught on to this amazing business model, and thus Visa is **over-valued**. Their forward PE of 23 is just slightly above the S*P 500's PE of 21. It trades at 6x's book value (ouch). For this high valuation, you get profit margins of 45.59%, and return on equity of 22.11%. The company has 0 debt, and pays a tiny dividend of .72%. Visa is up 19% YTD. I hate buying over-valued companies, but they are an excellent company, and I do not see them making a significant pull-back anytime soon. 
+
+9. Nike (NKE) - Nike is the world-wide leader in athletic shoes and sports apparel. Similar to Visa they are very **over-valued**, but I want in. They have a forward PE of 25. Price to book of 8. Profit margins of 11.55%. They have stellar management with a return on equity of 28.84%. Their apparel is starting to catch on in under-developed markets, and they boast quarterly YoY growth of 20%. They pay a small dividend of .97%. More cash than debt with a ratio of 3. I'm honestly not sure if Nike is worth the high price. They are up 30% YTD. 
+
+10. Johnson and Johnson (JNJ) - Johnson&Johnson is your friendly maker of Tylenol, Band-Aid, Benadryl, Neutrogena, and countless other consumer staples. I chose JNJ as protection in case the market has a broad decline in 2016/2017. Most likely they are **fairly-valued**. JNJ has a forward PE of 16. They have high profit margins (20%) and return on equity (19.87%). They have more cash than debt (2.51). They trade 4x's book value. Their dividend is a rock solid 2.92%. JNJ is down 1.4% YTD. 
+
+My biggest concern right now is that I do not have any price targets set, so I'm not sure at what price I would sell my stocks. This is probably something I should research more into before my purchases. I appreciate any feedback. Hopefully this write-up will help you in becoming a better investor. 
+I'm creating a stock chart for someone, and the long-term goal is to create a custom stock market replay simulator to visually/manually back test thousands of trades, along with a button to submit custom orders.
+
+The person I'm creating it for isn't happy with the current stock backtesting program he's using/paying for, and wants to have me create a custom solution starting with a basic chart and slowly adding more features.
+
+Before I start, I want to make sure I use the right libraries. Should I create this just using Numpy/Pandas/Matplotlib, then have the button automatically place a trade by connecting to the brokerage's API, or is there a framework that I should start building this in that would be better than building it all from scratch?
+So I’ve been working on an algo for a while now, and I’ve got to the point where I have 500+ pages of backtest on excel on multiple time frames (I’m using medium-low TFs), in different market conditions. 
+
+I’ve accounted for fees, slippage, liquidity, very strong trends, lateralization periods, very high or very low volume, I counted spread, I’ve managed risk and leverage, stop losses, I tested everything i could possibly think of and I have a 67% win rate with around 8% daily profit with 3% risk per trade, or around 5% if I bring risk down to 2% per trade. 
+
+Now I’m programming the bot to actually execute this on bitmex. What could possibly go wrong that I didn’t think of, aside from the bot having bugs and failing because of errors in the code? I’m expecting the actual live trading to perform a bit worse than that, but I’m still expecting to be profitable, maybe with 60% win rate instead of 67% for example; am I delusional? Am i missing something?
+An update on what whales are doing with their GME money
+
+https://preview.redd.it/lq5lau5h7sz61.png?width=1976&format=png&auto=webp&s=4411155f6db3025a7c9d2ff8b41777dba95e16f6
+
+Almost all new money **Citadel** has invested in GME has been in new option positions. It looks like they sold off their long shares and BOUGHT THEM BACK. This may be in order to push the price down by flooding the market with more artificial supply. They widened their net short position, answering the question 'should you keep digging yourself into a grave' by stating, balls-out, 'let's see how deep I can go!'
+
+**Citigroup** has an interesting story to tell. So their old options expired, likely losing money on both sides of the bet. HOWEVER they COMPLETELY sold their call position. They seem to have rolled that loss into a long position, or short shares as well.
+
+**Credit Suisse** may be trying to push the price down. They have a net short option position, but a larger long position, which to me usually indicates they bought shares in order to flood the market and instigate a selloff.
+
+**Bank Of Montreal** sold their call position, or the calls expired, leaving their unexpired puts. HOWEVER, notice the change in the number of put shares. they recently bought a HUGE number of puts.
+
+**UBS** doubled their net short position VALUE, while increasing their number of put SHARES by *500%.*
+
+**Prelude Cap** *is INCREDIBLY bearish*, moved to an all-options position.
+
+**Melvin** completely eliminated their put position and have no current position in GME that is being reported. This may indicate simply that their put options expired and now they're on the FTD clock with all their short shares again, or it might just mean they sold at a massive loss. Either way, they're hurting.
+
+**Hap Trading** flipped to a BULLISH position, **Wolverine** bought more calls than puts this quarter to make for a more even C/P ratio. They also increased their long position.
+
+Aaaah, **Susquehanna.** How could I possibly forget you, you hubris-drunk fools. Anybody who spends time sifting through 13F filings is very familiar with this name. If anybody's been involved in shorting GME, it's these guys. Their name isn't mentioned a whole lot on here, but they're the biggest player next to Citadel to my mind. NOT ONLY do they have the LARGEST SHORT position on the list, but they paid MORE FOR THAT POSITION than any of the other prominent shorts on this list. It's worth noting, their long position has decreased immensely, indicating that like Citadel, they've put a huge amount of money into pushing the price down. 
+
+One thing that's pretty universal here, everybody's INFLATING their options positions. So no matter what the opinion is from firm to firm, one thing is agreed upon. Something HUGE is about to happen.
+Edit: This has become a 'why you should or should not support your parents thread'. That wasn't the intention of the post. Some people choose to support their parents, and some people choose not to. I respect and understand both sides of it, and I'm not trying to convince you that you are in the wrong or that you are responsible for your parents. With that said, I personally feel responsible and have made the decision that I will support my single mother. The intention of this post is for those who feel the same way as I do to share their experiences and their system while still aiming for FI/RE . Thanks :) 
+
+I'm a 23y/o about to graduate College in May. As my single mom is reaching older age, she is going to retire in the next 3-5 years.  
+
+I have to (also happy to) support my mother once she retires as she has supported me without question my entire life, I am wondering what approach you guys take in budgeting for it?  
+
+Do you set apart a monthly budget specifically for your parents? If so, how much?  
+
+How has that impacted you in terms of reaching your financial independence goals? 
+
+I recently signed an offer that will make me ~65k starting in July after I graduate, and I'm stressing about how to balance paying off student loans, investing and saving for FI/RE, and having enough money to take care of my parents fully. Any advice on how you balanced it?  
+  
+  
+Edit2: Some people are questioning how my mom has so little if she is so frugal or why I feel so responsible for my parents. So I copied and pasted what I said down there:
+
+My dad stole all of our money and left; he disappeared 13 years ago and we have not received a single dime of child support from him and I have not seen him since. We were close to living on the streets, and owed money to loan sharks that my dad borrowed without us knowing.
+My mom, who loves me dearly, moved to the US with me when I was 10 to get a fresh start and so that I can get a good education to break us out of the rut. She barely spoke English, worked 2 jobs while going to community college, just to barely have enough to pay for rent and get food for me on the table.
+Any extra money from work was dedicated to me for college so that I don't have to deal with what she had to deal with. Now that I'm about to graduate from a top 10 University in the world, with a decent paying job lined up, I feel like I owe so much to my mom, who I've seen sacrificed so much for me.
+And...that is why she only has 25k in her retirement account and still have 100k in her mortgage debt.
+UPDATE!: Husband landed a full time job with great insurance that starts this month, and over 11/hr with a $1-2 raise in the next few months. We’re absolutely saved, relieved, and both so, so grateful for the support we received here. 
+
+I also want to say that if we had taken the shitty advice we got from way too many people to jus take any job, he wouldn’t have been able to go find this one. So if you’re in a similar circumstance, and you’re hearing similar bullshit, tell them to take the job themselves or shut up. You’re great people. 🏆🏆🏆🏆🏆🏆🏆🏆🏆 (I’m still poor so here’s some poor mans gold for everybody!)
+
+——
+
+I should start this by saying that my grandma is hardworking, kind, and smart as a whip. I love her dearly, and she’s one of the most hardworking people I know. She went to counsel the survivors of 9/11 and started a non profit counseling service for children. She’s a pillar in our family and I love her so much. 
+
+She’s also driving me crazy. Today she was giving me some unsolicited advice about my husbands job hunt, mostly suggesting places like Home Depot, fast food, and the gas stations, all places in our town that have those ‘no one wants to work’ signs up but won’t actually hire anyone, or they pay nothing and provide no benefits. When I tried to explain to her why 8/hr isn’t worth the time and effort, she mentioned that my grandpa took a job for $500 a month once when he was starting out and that while it wasn’t much and she knows it was a few years ago, they could survive on it until he worked up to more; therefore any job was a good job…
+
+$500 in the 60’s has the buying power of $4,300 today. 
+
+That’s over $25/hour. 
+
+I want to cry. My husband has chronic health issues, and I’m burned out from my old job where I worked myself to death or 5 years for 13.75/hr. I work two part time jobs now as much as my chronic pain and fatigue allow and if just ONE of them paid me even $20/hr I’d be able to pay our bills and even start a savings account! 
+
+It’s so frustrating to keep getting lectured by people who had all the opportunities and social programs and they closed the door on them for us. She told me I need to plan for retirement like that’s new information, and I had to explain that we can’t even make ends meet much less save anything.. She said ‘one day you won’t be able to work’ and I said ‘I can’t work now gram’. She suggested I start taking vitamin C. Meanwhile I’m trying to figure out how to pay for my ADHD meds..
+
+They really don’t understand that with the system the way it is it almost doesn’t matter how hard you work. I’m so tired. And so tired of being poor. I’m sick of not having money.
+
+Edit: 
+1. I have two jobs. I’m not looking to leave either one, as they both offer flexibility with hours and are fulfilling. They both pay decently, I just can’t physically work enough hours, because my joints are on fire. 
+
+2. Further unsolicited job hunting advice isn’t super helpful. There are several factors at play with finding a job that works for my husband, and without knowing and understanding them, your ‘advice’ is patronizing and frustrating.
+
+Edit 2:
+
+3. ADHD meds aren’t poison. They’re the only thing that makes my brain work like everyone else’s. If I didn’t have them I wouldn’t be able to concentrate long enough to do either of my jobs or even clean my house. It’s not poison, it’s a miracle that saved my life. Stop telling people to quit taking medication that helps them. Just quit.
+Way too many times I see a price target of 1k per share, come on guys. We need to get a grip. 
+
+I’m talking 5 figures baby. Potentially 6 if they keep shorting it like retards. 
+
+We are holding the most shorted stock of all time. There will only be one $gme. After this is over and the stock has been squeezeth no hedgefund in their right mind will short a stock anywhere near that even without regulations coming in. The great VK squeeze went from $200 to $1000 on 12% short interest. I understand there cannot be a direct correlation and there’s different variables and players but whenever you look at $gme which is currently $312 per share with 120% reported interest still, the sky is limitless. 
+
+
+For the smoothbrains who can’t read:
+
+💎🖐=$gme🚀➡️🌕
+
+For Melvin capital:
+
+My offer for my 62 shares is 20k per share and some GameStop merch. Every day you delay the price increases by 1k.
+
+
+Edit 1/ Some didn’t grasp the price targets were a joke lol but I do think 1k is too low, just my opinion.
+
+
+Disclaimer: this is not financial advice I wear a helmet and not just on my bike
+How do I fix this? I trade MES futures and have been consistent for two weeks after paper trading for months. It's a small account and I keep my stop loss at max of 1-5%. My strategy is very simple. I use price action, support/resistance, trend, and momentum for entry. Everything works out perfectly, but the biggest problem i have is staying in the trade and letting it run. The setup is there...except me. I just chicken out with little profit. Any tips on how to fix this mindset?
+
+Edit: Thank you all for the tips. I have a lot more learning to do especially on controlling my emotions.
+I was only in my early teens when the last recession happened so don’t really remember anything to do with it. All I know of it was the big bad it was made out to be retrospectively by press (I’m sure it was at the time too but I wasn’t paying attention to press then!) and the usually mentioned drop in house prices. But in real day-to-day terms, what impact should be expected from a recession? 
+
+We’ve already had awful inflation, is this just more of what we’ve seen in the past few months but on a longer term or should we be bracing for things to get even worse?
+Please forgive me if this information is somewhere, I read the sidebar and searched extensively before posting.
+
+I have an algo that I want to implement and start paper trading, using Alpaca and Java/Spring. I want to create the service to be a day trade service, and may expand to short-term ML in the future as I learn and tweak my algo.
+
+I've created the bare bones project and have my algo ready to go, my last step is to implement the data feed. From what I understand, Polygon gives more data, but is slower. So my questions are:
+
+1) What service would be more efficient for algo day trading? Price accuracy and latency being the biggest factors that I am worried about
+
+2) What benefit would one have over the other for short/long term trading?
+
+3) What do you personally use?
+Good Morning Apes!
+
+Welcome to fail date number 2 of my Futures Failed Cycle theory. Today marks the end of the second T+35 cycle starting on 9/17 which was the September Futures Expiration Date and Quad-Witching. I am expecting a larger number of FTDs on this part of the cycle than we saw previously on the 13th. They should have until market open tomorrow to cover these.
+
+Here is the expected price action for today...
+
+[High 196.92 \/ Low 190.17 \/ Volatility Peak 212.69 \/ Support 184.19](https://preview.redd.it/xh1lgqrvtsu71.png?width=2462&format=png&auto=webp&s=d751c66cddfa2511226dc7b0d3876ac5b4452b8b)
+
+*\*This is just to give a rough estimate of where we will likely see the majority of our volume trade today and an idea of how high we could spike if they cover FTDs, I'll note with the bid/ask as wide as it is, it's possible we could go higher however with FTDs 87% lower than last year's corresponding cycle I do not expect this.*
+
+Here is where we are in the cycle currently
+
+[GME 1D ](https://preview.redd.it/2nwwuiikxsu71.png?width=1608&format=png&auto=webp&s=a272d949f80660be891699cd99125efc20298ebd)
+
+For more information on this and my futures theory please check out my weekly DD.
+
+Check out this weeks analysis here: [Weekly Analysis](https://www.reddit.com/r/Superstonk/comments/qa8xem/jerkin_it_with_gherkinit_week_1_futures_wrapup/)
+
+Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial)
+
+Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH)
+
+(save these links in case reddit goes down)
+
+Historical Resistance/Support:
+
+116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base...
+
+# After Market
+
+Well we had a solid run right out of the gate and I may have gotten a bit carried away with myself. But It does appear that covering occurred but definitely not at the levels I expected. I do think they covered more in that midday volume spike when we went from 800k to 1.6m volume in 30 minutes but with only $4 of price improvement. So I know FTDs are far lower this cycle but I still would have like to see a test at $200 at the minimum for confirmation. If there are any more FTDs from today that need covered they have until market open. As for tomorrow, ETF APs have an additional day T+3 vs. T+2 so we may seem some covering from the massive amount of ETF FTDs but I have a hard time believing they would let it run on a Friday. Thank you all for following along, I'll see you tomorrow. 
+
+\- Gherkinit
+
+https://preview.redd.it/2wh45ahh2vu71.png?width=701&format=png&auto=webp&s=7beda789107703396cd809179e1056ea2254bc0a
+
+Edit 6 1:54
+
+Failed to hold the resistance at 183 pushing down below max pain now.  next resistance at 180.
+
+https://preview.redd.it/wzwo90xvduu71.png?width=1592&format=png&auto=webp&s=fe824c5d229565737051bc6c282cafded78d2497
+
+Edit 5 12:57
+
+t-12 minutes to 12:69 and we have an ascending dolphin into a jacked tittie on the 1m...bullish. Or it's a head and shoulders.
+
+https://preview.redd.it/rxxguflp3uu71.png?width=1594&format=png&auto=webp&s=32bfa3c6072599d243ae833066e92967b75a0a9f
+
+Edit 4 12:26
+
+Massive volume coming coming in consolidating right before the 30/60 cross to the upside
+
+https://preview.redd.it/1m61p0rcytu71.png?width=1597&format=png&auto=webp&s=183e8acfbdcdae1a05814d504d4e98c56856af1c
+
+Edit 3 11:39
+
+Shorting coming in on the market downtrend, I see this as either they covered whatever FTDs needed to be covered on the run to 190 this morning or they are driving the price as low as possible before covering.
+
+https://preview.redd.it/vt1n0buxptu71.png?width=1608&format=png&auto=webp&s=16dced1bc2b8ec4d5f3fddafaf27d5c2e30ddc64
+
+Edit 2 10:17
+
+Double bottom on the EMA 60 after that rejection at 190
+
+https://preview.redd.it/m8elbt72btu71.png?width=1603&format=png&auto=webp&s=a6358f1bee92ebb87a48acd0a5da510047cb10cc
+
+Edit 1 9:52
+
+My ego actually couldn't be bigger right now, for those that doubted 👀
+
+https://preview.redd.it/66glhn2q6tu71.png?width=1606&format=png&auto=webp&s=ae15e595b2c8f17af4529cf72a07c405aa0ccf7b
+
+# Pre-Market Analysis
+
+I feel like this may be our lowest pre-market volume to date feel free to correct me in the comments but right now at 8:48 we have 2.32k. IBKR with 35k Available to borrow and Fidelity sitting on over 1M. I'm not sure why we are seeing such a significant increase in Fidelity shares to borrow currently but are now up 400k over yesterday's low. I expect a morning short with 125k shares borrowed at market open.
+
+[GME flat in the pre-market on the 1m](https://preview.redd.it/lno41gb7xsu71.png?width=1613&format=png&auto=webp&s=50579df010e4cd9877c894abe336385694eadcd3)
+
+TTM squeeze throwing it's 4th consecutive fire signal on the 1D
+
+[TTM and BBKC stacking fire signals](https://preview.redd.it/itab7y2ywsu71.png?width=2452&format=png&auto=webp&s=82a464ff0fcea25cd74347cd6c1dbbf53467d19e)
+
+**Disclaimer**
+
+*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)*
+
+*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.*
+
+\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.*
+
+\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/)
+##**INTRODUCTION**##
+
+Alright apes, it's time for part 3 in my "grow some options wrinkles" series. If you haven't read them yet, go read [Part 1](https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/) and [Part 2](https://www.reddit.com/r/Superstonk/comments/qz0oy6/apes_guide_to_options_part_2_the_search_for_more/). Please read Part 1 and 2 if you haven't already. Important topics like IV and theta were covered there that are extremely important. 
+
+As I said in Part 1, this is NOT financial advice. I am NOT telling anyone to buy GME options, just trying to educate apes so they can make their own independent financial decisions.
+
+If you think you're too smooth to understand this stuff, I promise that you're not. It's really not that hard. If you don't get it, ask questions to those of us who do. Paper trade until you feel comfortable and are making good plays consistently and get a feel for it.  
+
+**DRS is the way**. Options and DRS are not mutually exclusive. The shills try and make this some false dichotomy, but no such conflict exists. The goal of using options is to gain leverage, make money, and get more GME shares to DRS. I was recently able to buy an extra 1000 shares due to some recent options moves I made prior to the recent spike after the WSJ article the other day (yes I'm aware the WSJ article didn't cause the spike, this was just a quick/easy way to name this event so everyone knew what I was talking about).   
+
+##**Table of Contents / TLDR**##
+Here's a TLDR/Table of Contents for this post: 
+-	Do not buy OTM calls. 
+-	Do not buy calls that expire soon. Go at least 60-90 days out or more. 
+-	Do not buy calls when the stock price or IV is high. Buy them when price and IV are low. 
+-	Ignore FUD. Apes stronger together. Knowledge is power. 
+-	Learn to use u/yelyah2's charts to visualize floors and ceilings. 
+-	Do consider using spreads to mitigate risk, reduce costs, and gain leverage
+
+**Quick Smooth Brain Review of the Basics**
+
+-	Buy calls only when GME price is low and expected to go up.
+
+-	Only buy ITM calls.  
+
+-	Only buy longer dated calls. Right now, I am personally looking at dates like April or June or later. 
+
+-	As a general rule, DO NOT buy OTM calls, or weeklies that expire like next week. These are basically lottery tickets and you're probably going to lose.  
+
+##**LET'S DISPEL SOME FUD**##
+
+**FUD #1: If you buy options Kenny is just going to keep your premium**
+
+I see this one talked about a lot. Does Kenny sell some calls to apes? Probably. But so do lots of other traders. Good money can be made selling bad idea GME calls, so lots of traders sell GME calls and happily take your premiums. It's is far more likely that your premium is being taken by some dude on the autist sub than by Kenny. This is why you educate yourself, so you don't make dumb plays that lose your money.  
+
+**FUD #2: If you buy ITM options, they'll just drop the price**  
+
+This one is sneaky, because there is a kernel of truth to it. Can they drop the price? Sure.  Do they have infinite ability to drop the price?  NOOOOO.  If they did, we'd be "back to $20 fast" as u/criand likes to say. What are their limits?  It's hard to know for CERTAIN, but this is why we buy when the price is LOW, and it is why we buy LONGER dated options.  IF they drop it, it gives us time to recover and spike up again.  How low CAN they drop it?  We'll try to answer this question in this installment. 
+
+**FUD #3: u/digitlnoize is a shill and wants to take your money**
+
+No, I don't. Anyone suspicious of me is welcome to check my post and comment history. You'll see that I've been involved in this movement since the events of January 2021 and regularly posting since the days on the first sub and every ape migration since.  I don't want ANYONE to do anything they're uncomfortable with, or ANY APE to lose money at all. Apes stronger together. Knowledge is power.  I want apes to educate themselves and not to mess with options until they understand them, but to also not stop learning UNTIL they understand them.  If you think you're too smooth to understand them, I promise that you're not. They're really not rocket science.  Buy low, sell high basically.  Paper trade until you're winning consistently. 
+
+**FUD #3.1: u/digitlnoize is PUSHING apes to buy options. Why the URGENCY?**
+
+I am NOT "pushing" anyone to DO anything but educate themselves. There is no urgency or call to action here. I am not recommending anyone rush out and YOLO into FD calls Monday morning. That is NOT the way. I only want apes to educate themselves to they can make THEIR OWN educated, and informed decisions, and this is just a primer to start people down that road of a more robust options education. I am NOT suggesting anyone buy anything right now. Merely that apes learn more about options, both so they can make GME related decisions, and to have more financial knowledge. Knowledge is power. 
+
+**FUD #3.2: u/digitlnoize is giving apes just enough knowledge to be dangerous.**
+
+I've gotten this one a few times today too from shills. I am not suggesting that the knowledge presented in this series is all you need to go start trading options. This is merely meant as a primer to hopefully help some apes start learning more about options. Everyone has different learning styles. Some people learn well from reading textbooks or watching dry technical YouTube videos. I am not one of those people, and I know many apes aren't either. My posts are written for apes who learn better from talking things out in simple, plain language, without getting over technical, and using hands on examples to illustrate concepts. I've received many comments from apes saying my posts helped them form a new wrinkle, which is all I am looking to do here. If you don't learn this way, then ignore my posts and go learn another way, but also realize than some people are finding this learning style helpful as a primer and recognize that learning this way, as a community talking things out in real time, is helpful to some people. 
+
+**FUD #4: If you buy calls Kenny is going to use those calls somehow to manipulate the price.**
+
+If you've been doing your homework, then you know about variance hedging. See the excellent DD from my good friend u/zinko83 and u/mauerastronaut if you're not up to speed on this. 
+
+Currently almost all the options volume on GME is the SHF's variance hedging portfolio. As long as apes ignore options it actually HELPS Kenny hedge more accurately. The variance hedging strategy works much better if/when the options activity is predicable. Kenny isn't taking your calls and dropping the price. In fact, all available data shows that more call buying pushes the price up. If anyone can show data showing the opposite I'm happy to see it, but I've posted white papers in the past showing clearly that modern markets are driven by options volume. 
+
+**FUD #5: Options are useless unless you have the cash to exercise**
+
+This simply isn't true. First, you can do a cashless exercise, selling some options or exercised shares to cover the cost of the exercise. Or, you can sell the option for a profit, then use the profits to buy shares to DRS. Options are useful because they give you LEVERAGE. They multiple your purchasing power, which is hugely helpful when you don't have a lot of it. 
+
+##**HOW LOW CAN WE GO**##
+
+Alright apes, are you ready to have your mind blown? We have a secret weapon and it's u/yelyah2. Some of you may have seen Yelyah's excellent posts and amazing graphs. I'm gonna smooth brain these things down for you because they are freaking awesome. I won't claim to understand these at the level Yelyah or others do, but this is my smooth brained ape-speak interpretation. Note that this is only my own thought process, and I am illustrating here to give an example of how I think about ITM vs OTM vs a "true floor." I do not mean anyone to take this as me "trying to predict price action", merely my own thought process when I'm thinking about strikes and what might be safely ITM or not TO ME. You may have your own method of finding floors. This is beyond the scope of this introductory talk. Still, I think the exercise is illustrative, and I think time will prove it roughly correct, though by no means a crystal ball. 
+
+Here you can find Yelyah's most recent post explaining her work in a more formal manner: https://www.reddit.com/r/Superstonk/comments/rxtqpg/gme_delta_neutral_update_hedgies_r_fd/ 
+
+Take a look at this beautiful picture: https://preview.redd.it/r7dv5rpwn5a81.png?width=1421&format=png&auto=webp&s=c613f6147d83db9ab69844a734ff3efa4bd4f372
+
+The blue line is the GME price. See see grey and yellow lines? Those are two different calculations of "Delta Neutral". Delta Neutral, or DN for short, basically acts as a floor for most stocks. A lot of stocks will pick one DN or the other to be their floor, but other stocks will do what GME does. Basically one DN tends to be the floor but sometimes it can drop to the lower DN.  
+
+Take a look at the price after the June spike. As we start heading down we hit the grey DN line and ride sideways briefly until they were able to break through that resistance and drop us down the the yellow DN in August. Then look what happened?  We bounced back up. 
+
+We bounced off the yellow DN again in December too. They seem to have some ability to pull us a tiny bit below the DN, but the few times this have happened have been very short-lived and, dare I say, *transitory*.
+
+By the same token, then RED LINE (gamma maximum) tends to act as an upper resistance on the price. If you follow the graph, you can see multiple times when we've bounced off the red line. 
+
+The GREEN LINE (delta change) tells us when we might expect an upcoming price spike.  As you can see, it's been going ape shit lately. It's a bit unpredictable as to "when" but green spikes tend to precede price spikes.  
+
+So, how low can we go? It's hard to predict, and I don't claim to be 100% accurate, but all data I see suggests that the recent low of $120-ish may very well be the floor, and we *should* hopefully be headed upward in the coming weeks/months. So I am personally considering options in the $100-130 maybe $140 price range. I'm not suggesting this is what all apes should do, and am not predicting any specific price action. Merely trying to illustrate how I think about it myself, for whatever that is worth. 
+
+##**I CAN'T AFFORD OPTIONS**##
+
+This is a big problem for a lot of apes. First off, if you can't afford them, it's ok. You can leave it to those who can. Or wait until you can afford them. That being said, if you need some help affording options plays, there are ways to mitigate this if it is a concern for you. Again, I am NOT suggesting anyone DO anything. Merely informing people that these sort of things are possibilities, because they also help illustrate some important options concepts. 
+
+Please allow me to introduce you to the concept of SPREADS. A spread is basically when you take two different options positions at once. 
+
+-	Price Spreads: You can do spreads by price, like buying $100 calls, $120 calls, and $140 calls all for the same date.  
+
+-	Calendar Spreads: You can do spreads by date, buying $120 calls for April, June, and Jan 2023.  
+
+-	Bull Call Spreads: You can BUY a lower strike call and SELL a higher strike call to offset the cost.  
+
+-	Combo spreads: You can buy a lower strike call for April and sell a higher strike call for Jan 2023.  
+
+(You can also do all these with puts of course). 
+
+Let's look at what this does to an ape's cost.  Let's say that you want to buy some $120 calls for April.  Current cost is just under **$4k**. What if you also sell a $180 call for April along with it?  This lowers the cost to just under **$2k**. This does put a cap on your profits (see optionstrat.com if you need a graph to visualize it), but it still nets you a ton of profit off the bought call that you can use to get more shares. 
+
+**100+ Share Club Options**
+
+What if you own at least 100 shares? You can sell covered calls against those shares and use that money to buy more shares or calls (or spreads). The absolute best time to sell calls is at a peak on the way down (as I suggested to do in November on our way down from $250), but if you need the leverage, you can sell calls now and use that money to buy the dip (calls or shares). The sold call isn't as profitable as it would be otherwise, but if you use the money from the sold call wisely it can pay off. 
+
+For example, I recently sold a few covered calls against my shares for Jan 2024 at $510. For this, I received a premium of over $3k/call, but would have to sell 100 shares for $510 if it goes over $510 before Jan 2024 (unless I've bought the call back before then on a dip). But in the meantime, I used that premium to buy shorter dated calls, which I sold at open after the WSJ article for a huge profit. Neat huh?  Why not just DRS those shares, rather than sell covered calls? DRS-ing is important of course, but I choose to use a few shares to give me options options, so I can get MORE shares to DRS. Leverage is a magical tool. 
+
+##**EDIT 1: BROKERS**##
+
+Check with your brokers on how exercising works before you proceed with any of this. Some brokers will let you "cashless exercise" where you use other calls or shares to cover the cost of exercising ITM calls. Other brokers (Fidelity cough cough) make you freaking CALL THEM ON THE PHONE to exercise. So it varies. Check with your brokers and get familiar with the process via paper trading, training videos, or trying it out in small amounts of other cheaper stocks before doing it with GME. 
+
+##**EDIT 2: Other Resources**##
+
+As I've said many times, this is meant to be nothing more than a basic primer/introduction for beginners in ape/speak. This is not meant to be an exhaustive guide or to make anyone an expert on options. This is also NOT a call to go trade options NOW.  Merely to educate yourselves so you can consider whether these moves might be right for you at some point.  There are many, many other more in-depth resources out there if you want more information.  
+
+-	The options sub (which I won't link due to brigading rules) has a wealth of information and a good sidebar with lots of info and links.  
+
+-	Most brokers have introductory courses on options. Including [TDA](https://www.wiley.com/en-us/Positional+Option+Trading%3A+An+Advanced+Guide-p-9781119583530), [Fidelity](https://www.fidelity.com/options-trading/start-trading-options), and I'm sure many brokers have something similar. 
+
+-	The TDA trading platform www.thinkorswim.com has a great paper trading mode that can let you practice without any actual money at risk to build your skills.  
+
+-	This book, Positional Options Trading, is a great guide to more advanced info: https://www.wiley.com/en-us/Positional+Option+Trading%3A+An+Advanced+Guide-p-9781119583530
+
+If anyone has other great resources, send them to me and I'll link them here. 
+
+##**EDIT 3: You can exercise OTM calls**##
+
+The super helpful u/udoshi notes the following: "Please keep in mind that you CAN exercise out of the money options! Your broker just won't do it automatically for you" For example: You have a call option at $154 and the stock closes at 153. The option would expire worthless, but you don't want your broker to exercise it and keep the shares for themselves. You would pay an extra dollar per share ($15,400 - plus the option premium in the first place) to do so."
+
+##**EDIT 4: MARGIN?**## 
+
+An ape in the comments pointed out that at least some brokers might not let you trade options unless you're on a margin account. I'm not sure if this is entirely true across all brokers, or only some, or if it's possible to trade on cash accounts but it's just typically done on margin, or what. Regardless, apes should check with their brokers on this to be sure if they're worried about margin accounts. Also, if you DO want a margin account for options, you can simply have shares in a cash account, and use a separate margin account for options. I don't see this as a big deal personally, but some might, so I wanted to mention it to avoid any confusion or mistakes. CHECK WITH YOUR OWN INDIVIDUAL BROKER.  
+
+##**EDIT 5: Cashless Exercise**##
+I have received word that Fidelity at least doesn’t allow cashless exercise. I know from personal experience that you need to call Fidelity (yeah, on the telephone!) to exercise period. As far as exercising calls goes, always check with your broker first, before you even begin trading options. My understanding is that this varies by broker, and I don’t know the rules for every broker. 
+
+##**TLDR**##
+-	Do not buy OTM calls. 
+-	Do not buy calls that expire soon. Go at least 60-90 days out or more. 
+-	Do not buy calls when the stock price or IV is high. Buy them when price and IV are low. 
+-	Ignore FUD. Apes stronger together. Knowledge is power. 
+-	Learn to use u/yelyah2's charts to better visualize floors and ceilings. 
+-	Know that spreads can be used when appropriate to mitigate risk, reduce costs, and gain leverage
+-	Check with your broker for any specifics to how they handle things like exercising options, margin accounts, etc.
+I've ridiculous sighted. Like, I'd be dead if glasses didn't exist and hadn't had a new pair in like 4 years. And my lenses had fogged and the coatings had half scratched off. So I set aside for eye exam, and then was like Okay, walmart. I know my lenses are going to eat my budget. Boy. Boy did they ever. I cried after I left because I had a 200 dollar budget and my lenses took up 197 of that. I had a choice of like 4 different frames. That's pretty much it. So I ordered the least offensive and left. 
+
+Next day I called to cancel, a friend told me to hands down, go online. I had my PD, I had my prescription, go online. So I called up walmart and canceled and spent an hour uploading a picture and taking a chance on glasses online. Zenni's to be precise. What was 220 bucks with walmart, was 77 bucks with zenni's. That included their fastest shipping, super thin lenses, and case and clip ons. I though okay, worst is I just learned a 77 dollar lesson. 
+
+They came today. I'm in tears and it's good tears. I can see why my migraines picked up frequency. I'm not looking through a haze, and they look -good-. There is no buyers remorse, there's no WTF am I doing. 
+
+So if you're like me, and you are in desperate need of new glasses and I know that it's like super scary to think about buying your -eyeglasses- online, try. For the price of 1 walmart pair, I have a pair, can get sunglasses to protect my eyes in the summer and then also get another spare frame of the same kind, just in case god forbid, something happens. And still get groceries for the week. 
+
+And they don't look like shit. At all. They look REALLY great and I love them as much as my old pair that I kept getting repaired because I loved them so much. 
+
+**rip my inbox :laughs:**
+I’m a fairly new investor (post Covid crash—started investing around late June) and I was wondering where I could find some reading material on the psychology of traders/investors before the crashes in 2000 and 2008. I’m 16 years old so I haven’t really lived through a financial crisis, I believe it’s crucial to study the history of the markets to have better judgment about the future of the stock market. 
+
+Im super curious as to what people were thinking about the state of market prior to the market crashing. If people could provide some articles, forum pages, papers etc concerning this topic that would be very helpful.
+As the title states, my employer recently switched to a bi-weekly pay schedule (pay every two weeks, 26 paychecks a year) after originally having a bi-monthly pay schedule (pay twice a month, 24 paychecks a year). Today was the first paycheck on the new bi-weekly schedule, and the pay was actually *more* than what I would typically receive on the bi-monthly schedule. Why would this occur?
+
+
+If you need the numbers, I make $51,000 annually, and each bi-monthly paycheck was $2,125.00, which makes sense as 51k / 24 paychecks = $2,125 per paycheck. However, on this paycheck (bi-weekly) I received $2,157.69. Math says I should have only been paid 51k / 26 paychecks = $1,961.54. 
+
+
+Where did this additional $196.15 in pay come from??
+
+
+Edit: thank you everyone, I am now very well aware that Semi-monthly is the preferred nomenclature to avoid confusion, even if bimonthly is still correct according to the dictionary.
+ https://www.merriam-webster.com/dictionary/bimonthly#usage-1
+Hey everyone, it's my first post on this sub so I hope this will be beneficial to everyone. 
+
+When on a tight budget or just trying to save money in general, dieting is actually an incredible way to save money. If you are unhappy with a few extra pounds of fat you may have on your body, diets double as a way to become more healthy and save a solid amount money.
+
+A few years ago I was 30-40 lbs over weight and I was focusing on losing all that extra weight. Throughout studying effective weight loss techniques, I found about 80% of progress relied upon eating less food. I literally cut my Calorie intake in half, and effectively this cut out nearly half of my expenses at the grocery store. 
+
+Every extra dollar I would have spent at the store when I was buying much more food, has gone into a savings account and has given me a nice security fund. 
+
+Lastly, maybe even a more significant money saver, health care costs. If you are unhealthy, you are more likely to have heftier medical bills than a healthy person down the road. So going on a diet is a great way to invest in yourself!
+I'm 25/yrs old dude, I got like 45k in the bank and I make around 95k and in 4 years I'll be at 140k a year. 
+
+I need some suggestions because I'm just now really studying real estate and the mechanics. I grew up with a dad who was a RE investor. 
+
+I'm looking to start a rental property side hustle and eventually go full time. What's the best first rental property to get? I was thinking of house hacking a duplex/triplex to get my feet wet
+Im looking for some encouragement and light at the end of the tunnel. I am currently new to this and only have an annual dividend income of about $25. Seems very slow. I was wondering for people a little bit farther in, is it worth it? What bills have you been able to replace with your dividends? Can you live off of them?
+I have little experience with day trading. And I really don't want to jump in without knowing what I'm doing. First of all, what broker should I use? I'm from Sweden but maybe I should use one from the US anyway? I really need advice about the broker and what I should look for when choosing one. What do you guys recommended for learning? What books should I read to learn the basics and for patterns etc. Should I take any online courses if so which ones?
+
+I was thinking about Ricky Gutierrez but I don't know if those kind of courses are scams or maybe a bad approach to day trading? When I say those I mean the kind of get rich quick schemes that a lot of social media traders put out in form of courses. I was thinking about this new guy I've heard about called Steven Dux but then I realized his entire site is just a complete copy paste of Timothy Sykes which I really don't trust at all. Mostly because they use manipulative methods of getting people enrolled onto their programs like dragging out the enrollment period to make the person commit easier when they actually ask for the payment. And how much should the portfolio I open be with? Should I start with 10k so incase I fail I still have my remaining 13k savings.
+Guten Tag to all of you Great Apes around the world! 👋🦍
+
+You've probably realized by now that ultra-low-volume days are among my favorite things to get excited over. I don't know why, but I just get the sense that such days represent a standoff between the Apes HODLing with Diamantenhände against the Short Hedge Funds who really, *really*, need us to paperhand but can't afford to continue shorting. Well, yesterday's volume was the lowest in over a year, and if that doesn't get you thumping your chest then maybe then maybe spend some quality time [learning about DTC-2021-010 that was recently filed](https://www.reddit.com/r/Superstonk/comments/opuziu/visual_of_the_sft_trades_to_prevent_shorts_andor/), and how it highlights the way that the SHFs are able to hide their enormous naked short positions. The days with sudden large spikes in FTDs are merely days when they weren't quite able to reset the T+2 clock on their full naked short position, and ended up reporting a small fraction of the total shares. This is a cycle that the SHFs need to repeat *daily*, and is the only reason that GME isn't on the threshold securities list. This represents a huge piece of the puzzle as to how the Short Hedge Funds are stalling the MOASS. And that, my friends, is cause for for much excitement.
+
+Today marks the end of another trading week, Friday, July 23nd and you know what that means! Join other apes around the world to watch low-frequency updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- ⬜ 120 minutes in: **$181.31 / 153,97 €**  *(volume: 563)*
+- ⬜ 115 minutes in: $181.31 / 153,97 €  *(volume: 559)*
+- ⬜ 110 minutes in: $181.31 / 153,97 €  *(volume: 559)*
+- ⬜ 105 minutes in: $181.31 / 153,97 €  *(volume: 559)*
+- ⬜ 100 minutes in: $181.31 / 153,97 €  *(volume: 557)*
+- ⬜ 95 minutes in: $181.31 / 153,97 €  *(volume: 557)*
+- ⬜ 90 minutes in: $181.31 / 153,97 €  *(volume: 557)*
+- 🟥 85 minutes in: $181.31 / 153,97 €  *(volume: 557)*
+- ⬜ 80 minutes in: $181.42 / 154,07 €  *(volume: 556)*
+- 🟥 75 minutes in: $181.42 / 154,07 €  *(volume: 555)*
+- ⬜ 70 minutes in: $181.48 / 154,12 €  *(volume: 555)*
+- 🟥 65 minutes in: $181.48 / 154,12 €  *(volume: 555)*
+- ⬜ 60 minutes in: $181.54 / 154,18 €  *(volume: 535)*
+- 🟥 55 minutes in: $181.54 / 154,18 €  *(volume: 533)*
+- 🟥 50 minutes in: $181.57 / 154,20 €  *(volume: 533)*
+- ⬜ 45 minutes in: $181.60 / 154,22 €  *(volume: 533)*
+- ⬜ 40 minutes in: $181.60 / 154,22 €  *(volume: 533)*
+- 🟩 35 minutes in: $181.60 / 154,22 €  *(volume: 464)*
+- ⬜ 30 minutes in: $181.57 / 154,20 €  *(volume: 464)*
+- ⬜ 25 minutes in: $181.57 / 154,20 €  *(volume: 415)*
+- ⬜ 20 minutes in: $181.57 / 154,20 €  *(volume: 415)*
+- 🟥 15 minutes in: $181.57 / 154,20 €  *(volume: 354)*
+- ⬜ 10 minutes in: $181.63 / 154,25 €  *(volume: 332)*
+- 🟩 5 minutes in: $181.63 / 154,25 €  *(volume: 322)*
+- 🟩 0 minutes in: $181.10 / 153,80 €  *(volume: 60)*
+- 🟥 US close price: $178.85 / 151,89 €   *($178.90 / 151,93 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1775. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler, following their sudden disappearance after Memorial Day. I also am worried, as I had tried to make contact many times and never received a direct response. Three weeks ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the curator of the series. I've been serving as host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on.
+
+Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+I got into crypto a few days ago, bought some TRX and some IOTA. I didn't put a ton in, because I only want to dip my toe in for the moment being. Although, I am gonna start putting more in little by little, but that's not my point. 
+
+I know some people can spend a few hours on Binance just actively trading alts for alts to come up with a profit. I want to know how to get into that. Thanks guys, and happy Cryptoing (or whatever.)
+It's exceedingly difficult to get a non-biased discussion about these sorts of things on the respective subreddits so I thought this was the best qualified place to post!
+
+* What are your thought on the current *"top"* coins such as **BTC, ETH, LTC, XMR, XEM** etc. ?
+
+* What do you believe is the optimal way to distribute your hard earned fiat into these coins? *Example: 30% BTC, 40% ETH 20% LTC and 10% Small altcoins or maybe 80% BTC, 10% ETH and 10% Small altcoins*
+
+* What's currently overpriced/valued, what's underpriced/valued?
+
+* Most promising 'up-and-comming' coins?
+My SO and I are likely going to be having children in the next 3-5 years. This post is not to ask for advice about college funds/developmental theory/trust funds/child rearing/psychology/etc. 
+
+I most specifically am curious how you leverage your financial position to give your kids every 'unfair' advantage that exists. There seems to be very little information about this online. 
+
+I have no background in this area having grown up relatively poor.
+
+Do I begin making contributions to Ivy League schools or their research programs in the hopes of securing a spot in 18-24 years? Network with big name private schools in the area? Do I try to plug into parallel charitable organizations that can provide enhanced access to academic/STEM programs that are otherwise very competitive?
+
+I'm assuming my position with various financial and legal professionals would provide access to elite internships but that seems very far down the road and the first 18 years are my current focus. 
+
+We already hear the line about "oh let us know when you have kids so we can x,y, and z" but I get the feeling a lot of these people are blowing smoke up my ass. 
+
+Any input is appreciated. 
+My parents are refinancing their mortgage to seek a lower rate and the mortgage company has seemingly gotten stuck on the fact that my mother co-signed my student loans. At their request I've so far provided 1) 12 months of statements from the student loan servicer showing that the loans payments have been made on time, and 2) 12 months of bank statements (in which I redacted the non-relevant transactions and bank account number) to show that I make the payments on the loans and not my parents. Now the mortgage company has responded to say that they need 12 months of unredacted bank statements, which personally makes me more than a little uncomfortable - sharing a full 12 months of financial history, including bank account numbers, address, etc., seems ludicrous to me when I have absolutely no relationship, documentation, signed agreement, etc. with this company. On top of that, given the seeming inability for any large corporation to keep confidential information secure, I feel I'm justifiably nervous. I'm looking for any advice on how to respond to the mortgage company as they are insisting that they need this in order for my parents refinance to be approved and I obviously don't want to throw a wrench in things for them. Thank you in advance for any responses!
+
+​
+
+Edit - Thank you for all of the responses, it seems like this standard so I feel a bit less nervous about simply submitting the statements, thank you again!
+Hey guys. One last big dramatic post, even though it feels kind of awkward now since I had no idea I'd attract as much attention as I did with [the one yesterday](https://www.reddit.com/r/ethtrader/comments/9e24cl/daily_general_discussion_september_8_2018/e5mdelz/). But a few people asked directly what happened and I feel like I ought to do this. (u/trb0x, u/NefariousNaz) 
+
+The amount of self-reflection and encouragement I received was astonishing.  And u/jtnichol thank you for the gold! I’ve got a lot of respect for you as a moderator and you’ve been great pulling the sub together this last few weeks especially. 
+
+So I was going into the field for drill (National Guard Reserves US) and I wasn't going to have an opportunity to sell a little peth at a time and edge my liquidation down as u/TheRealDatapunk suggested. When I got back today I saw the amazing reactions to my post and saw that the PETH/Eth ratio changed slightly to put my liquidation at 184.xx. As you guys may have seen, we went to 185.01 on Binance. I took advantage of this bounce to drop the liquidation price again to 165 by selling PETH bit by bit, I'll probably try to lower it further tonight, but I’ve made my peace with getting squeezed out if it happens. It still feels horrible to sell Eth for less than half my avg cost, but it is what it is.
+
+ I feel lucky (For now, although I know we are likely to keep dropping), and also awful for other people that got squeezed so far. u/JakovTheJakovasaur, u/BakedEnt, u/richyboycaldo, I hope you guys made it I really do. It got me thinking: Part of what grew Bitcoin into what it is today was the community. And this sub is a stellar (no pun intended) example of that. We're a community. We talk about the latest toys like Augur or God's Unchained, debate the politics of issuance and such, and provide support and advice for one another. We are all here because we saw the same thing and recognized its’ value. 
+
+ These losses suck. We may love the tech but we all invested for the money. Like I said this has been a hard lesson, but even if ETH continues to tank and never recovers to ATH (I still know it can, but if it doesn’t…) then we’ll still be a community of people enthralled by the evolution of this wonderful protocol, and the crypto space in general. The ecosystem won’t die because the price can’t hit 1000 again. 
+
+ Looking through the sub I can’t see how any but the most desperate and sadistic trolls would really be entertained considering how well people have been handling their liquidations and supporting one another. We are not undignified, we are not a laughing stock, because we knew what we were getting ourselves into when we signed up for this roller-coaster. 
+I just want to emphasize again how blown away by what an amazing community this is, and I’m right there with all y’all with heavy losses.
+To answer u/91143fd7dc4a5c4e7e74 My loss so far is in the five-figure range. And is (was) most of my savings. It is more than some of you, and less than others. 
+
+I’m young and inexperienced. It isn’t the end of the world for me, and it isn’t for any of you either. Don’t let anyone make you feel bad about taking the gamble and putting your money where your beliefs were. Even if it only turned out to be a costly lesson. Take the lesson to heart. Be careful with leverage, diversify (Not just in coins, mind you), never assume you know how far the market “can” go, don’t dismiss the bears entirely, be scrutinizing about the timing of your investment, and don’t FOMO even if you think what you see is cheap. This isn’t your only opportunity to achieve wealth in life, and wealth isn’t all there is to life anyway. I think I am still gonna prowl the sub every so often, but I’m definitely taking a break. 
+
+Anyone that actually read all of this I hope you got something out of it, and l wish you the best! (Even the shorters…good game.)
+Just a gentle reminder that after we hit ~$400 the first time, we corrected all the way back to ~$150. The equivalent right now would be a swing from the top (of $517) down to roughly $200. Yikes! 
+
+Rules to remember:
+
+* Nothing goes up ONLY. Everything goes up and down.    
+
+* In crypto, volatility (both ways) is much more violent than, say, stocks.    
+
+* NOBODY knows what the price is going to do. By definition, the current price is the sum of all bulls and all bears agreeing where it should be right now.    
+
+* Short term logic (e.g. "Well I think ICOs are going to dump soon", "Crypto cats are exposing network congestion issues so the price may tank", etc) is largely speculative, irrelevant and useless.   (Edit: Even if you are right, that doesn't mean everyone else sees and behaves according to this correct logic. Hence, uselessness.)
+
+* Never invest more than you can afford to lose.
+
+
+
+If you disagree with any of this and want to day-trade, please be my guest. I tried.
+
+"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett
+I mostly an option and futures swing trader (thetagang style which is almost oposite, high probability, low reward high risk trading) but been looking into a lot of day trading content in the last 6 months. A lot of content, especially from brokers and prop firms, pushing risk reward ratios 1:2 or higher.
+
+My beef with this claim is that having a 1:2  is often associated with a claim you only need to be right 33% of the time. However, price movement is not a linear distribution. For example, 68% of the move will be within 1 standard deviation, 95% within 2 standard deviations. If your sizing 1:3, 99% of the move. While you need to be right 1 out 3 times, you're statistically not likely to be, giving an edge to the opposite side of the trade. You we need to have some significant asymmetrical information to be successful in the long run.
+
+I don't know maybe I'm wrong but just seems fishy how much content out there pushing this misleading material. I just don't see how anyone can be profitable over a large size of occurrences. It just seems to be playing into the hands of market makers. 
+
+I've never heard anyone ever justify why either. I know this is unpopular and am prepared to be roasted. So maybe someone can change my view.
+Hi kids!
+
+Allow me to re-introduce myself. I did a few pieces of DD wayyy back when, such as seeing wut Credit Suisse was doing, questioning Fidelity's lending practices and the difference between beneficial/registered ownership, SSR meaning nothing at all, and others. Not long after completing my SSR DD, I retreated to chats with many of the OG DD writers including [u/bloodhound1144](https://www.reddit.com/u/bloodhound1144/) and it's honestly where I prefer to be; in the background helping further the truth and expose the corruption that has gone unchecked. After the events of the past few weeks though, I felt the need to "come out of retirement" and set a couple things straight, starting with Wrapped GME. I'm purposely going to keep these posts as a series of extremely narrow topics because shit is complex, yo. 🤣🤣🤣🤣
+
+# TL:DR Wrapped GameStop was created by FTX and Serum in conjunction with Binance, Jump Trading, Genesis Trading, and Alameda Research.
+
+Let's start with the token Wrapped GameStop:
+
+[https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496)
+
+​
+
+https://preview.redd.it/drjyst8pag0a1.jpg?width=2830&format=pjpg&auto=webp&s=8ef9d227113d231869673bc739585b72f61b5bc8
+
+As of writing, there are 207 holders with a supply of 10,000,000 GME. Let's take a look at some of the top holders:
+
+[https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496#balances](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496#balances)
+
+​
+
+[Just part of them](https://preview.redd.it/duez9eirag0a1.jpg?width=2712&format=pjpg&auto=webp&s=9e8ffffd8475384646045569e59ffba4a2ddebce)
+
+Well that's interesting, huh? Let's put this in a more simplified format: I'm only going to include the named addresses at this point, we'll get to the unnamed ones after or in another part.
+
+​
+
+|Rank|Address|Quantity (truncated to nearest whole number)|
+|:-|:-|:-|
+|1|Serum: Deployer|4,500,000|
+|2|FTX Exchange 2|1,000,000|
+|3|Binance 7|1,000,000|
+|4|FTX Exchange|1,000,000|
+|11|Genesis Trading: OTC Desk 2|60,413|
+|18|Alameda Research 15|26,825|
+|28|Jump Trading|17,208|
+|33|Binance 35|13,606|
+|35|Alameda Research 13|13,199|
+|49|Alameda Research 17|9,742|
+|55|Alameda Research 24|8,627|
+|59|Alameda Research 23|7,934|
+|73|FTX US|5,519|
+||**TOTAL**|**7,663,073**|
+
+​
+
+What are the odds? 13 named addresses all in the top 100 holders making up 3/4 of the total supply. All part of or associated with who? That's right, FTX. Now, I know what some of you may be thinking; shitcoins are sent all the time to addresses, so that doesn't necessarily mean shit. I'd say that's fair, until we look at the "genesis block" of when GME was created. Just so happens, it's on public ledger! If you look under transfers and go all the way to the last page (12), you'll see where it all began:
+
+[https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9](https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9)
+
+​
+
+​
+
+https://preview.redd.it/ufimiq5qbg0a1.jpg?width=3514&format=pjpg&auto=webp&s=a7ec2d821a9bda6065928b210d193c749fe0c46f
+
+2.5 million tokens to four addresses: [0xef7d6661fae2082ef0cecd42b322a3960eb87f66](https://etherscan.io/address/0xef7d6661fae2082ef0cecd42b322a3960eb87f66), Serum: Deployer, FTX Exchange, and FTX Exchange 2. Created (as of writing) 659 days ago (Jan 26, 2021). When did FTX launch the GME Token? Jan 27, 2021
+
+Let's walk through some of the initial transfers of this coin:
+
+​
+
+https://preview.redd.it/eve3vyjvbg0a1.jpg?width=2748&format=pjpg&auto=webp&s=ee12219abd495a869d361a205d878e5a0504f44d
+
+​
+
+That looks pretty fucking suspect, no? Doesn't look like some shit coin a kid in his mom's basement created. Are they all involved in the FTX fiasco?
+
+Serum: [Needed a special fork after](https://www.yahoo.com/entertainment/solana-based-serum-may-compromised-151742537.html)
+
+Binance: [Broke the story](https://twitter.com/cz_binance/status/1589283421704290306)
+
+Jump Trading: [Feeling the heat](https://www.chicagobusiness.com/finance-banking/ftx-bankruptcy-will-affect-drw-jump-sme-cboe-trading)
+
+Genesis Trading: [Halted Withdrawals](https://www.ft.com/content/b6680e41-56d1-4a18-99b3-569bb6d3d999)
+
+Alameda is self explanatory as they're owned by FTX.
+
+Closing out this post, I hope I've settled the debate on WHERE the Wrapped GME token comes from. Next post, I'll dig more into the forensics of the transactions from the genesis block and we will see how much they made. For now, I'd say this settles the entire debate on whether this coin was created by or used by FTX. That is unequivocal yes.
+BSC Army is the first DAO (decentralized autonomous organization) for social media industries on BSC, and a community-centered initiative that strives to promote the adoption of BSC and blockchain in general.
+This program is for those who are passionate about BSC, Binance, and BNB token (BSC's native token). By advocating for BSC as well as helping potential investors and projects to use BSC, members of BSC Army can receive passive incomes in BARMY token.
+
+BARMY token is the governance token of the BSC Army DAO that grants holders and members special offers and benefits.
+
+Token Specification
+
+Name: BARMY token
+
+Symbol: $BARMY
+
+Network: Binance Smart Chain
+
+Spec: BEP-20
+
+Smart Contract Address: 0x2C80bC9bFa4EC680EfB949C51806bDDEE5Ac8299
+
+
+
+Token Allocation:
+Total Supply: 880,000,000,000. (Details about all the token burns can be found here.)
+
+90% supply release on TGE on LaunchZone
+
+10% supply add liquidity.
+
+To prevent the potential token price crash as well as to protect the benefits of the program members and BARMY holders, BSC Army utilizes three major functions which are RFI Static Rewards, Automatic Liquidity Pools, and Meme Bounty.
+
+RFI Static Rewards is a relatively new mechanism in the decentralized market. It encourages people to hold BARMY, because holders will receive more BARMY based on the amount of token in transaction. Basically, the more BARMY one holds, the more BARMY one gets back.
+
+Automatic Liquidity Pools (LP) offers two long-term benefits for BARMY holders.
+
+First, it adds token from both sellers and buyers to LP, increasing the liquidity of the token.
+
+Second, automatic LP charges a 10% “tax” whenever someone exits the LP and sells their BARMY to prevent the collapse of token price when whales decide to sell. This 10% tax is divided into 3 portions:
+
+4% will be used to add liquidity for BARMY
+
+5% will be shared to the remaining holders
+
+1% will be given BSC Army members under Meme Bounty function
+
+Meme Bounty is a special reward for BSC Army members who create content for the program. The 1% of transaction tax is distributed to members as follows:
+
+70% goes to members who use memes to shill BSC on Twitter. Currently, only Twitter users who use memes to shill BSC are eligible for Meme Bounty, those on other social media such as Reddit, Instagram, etc. will be supported later.
+
+10% goes to quality posts that share useful knowledge about BSC.
+
+10% goes to TikTok videos that shill BSC.
+
+10% goes to YouTube videos that discuss BSC.
+
+NOTE: Only whitelisted accounts can participate in Meme Bounty.
+
+Other than the three aforementioned functions, members can also hold BARMY tokens to join BSC Army private group or stake BARMY to earn airdrop from the project.
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
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+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people.
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+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people.
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+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your daily threads are too.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM)
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban.
+Your markets are run by bots. Now your daily threads are too.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
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+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+ This is called a dip. This is when I buy. These are the times I'm sad to see disappearing during bull runs. Time to grab some more. It's as if you've pulled outta the train station with half your friends still waiting on the platform. Would've been nice to get everyone on this one awesome train.. but that's the way it goes someti-- wait -- are we stopping? We're moving backwards! Back towards the station! Everyone can get on! Don't just stand there when the train stops and do nothing. Get everyone on you can! We might not come back next time. Buy while the doors are open! All aboard!
+**$CORN**
+
+Let me introduce y’all retards to the wonderful world of commodities. 2021 is going to be a year like no other, we can expect this year for commodities to grow in value leading up to harvest in the fall rather then drop like they have in years past.
+
+Why?
+
+\-Corn prices ended in 2020 in a 6yr high of $4.80/bushel…+60% from august  of 2020
+
+\-High demand for corn is coming from China due to their recent Hog population making a recovery from a swine flu.
+
+\-Second to Ethanol, China is the leading factor for corn growth in the USA… soon to be the main reason.
+
+\-China is estimated to import 16.5million mt of corn in 2021 compared to 7.6million mt in 2020. Also, important to note that in 2020 China only committed to 60,000mt of corn and ended up importing 7.6million mt. For 2021 CHINA HAS ALREADY COMMITED TO 11.6MILLION MT OF CORN. Yes, that’s right, they have already **committed** to import more corn than their total importation in 2020. Also keep in mind, thats just their commitment, the final amount will be <11.6 million mt of corn
+
+\-US corn production estimates have also fallen \~9% from September to August (2020), not to mention year end corn stock estimated have fallen to a 7 year low of 43.23 million mt of corn.
+
+\-Shrinking supplies of corn in the US, EU, Argentina and Ukraine will mean that corn prices will stay stable AT LEAST. Argentina and Ukraine have actually already suspended corn exports until March 2021… further boosting the price of corn.
+
+\-The two main crops in the USA are soybeans and corn, analysts are predicting that more soybeans will be planted this year acre x acre compared to corn… further increasing the demand and price.
+
+\-Last but not least, as I mentioned earlier the main biproduct of corn is ethanol, \~40% of corn production to be exact. With decreasing lockdowns and more vaccines getting distributed, more and more people will be active outdoors further increasing ethanol demand and usage. It is also important to note that one of the biproducts of ethanol production is DDGS, which are also shipped overseas to countries that cannot grow the proper feed for their cattle/hogs. DDGS are mixed in with the little food that these Asian countries grow so that proper nutrition can be met for their livestock.
+
+**Plays**
+
+\-$CORN leaps  + baghold shares 
+
+Good luck tards
+His latest piece, imaging what bankers working on Saudi Aramco might have to say with the tactics allegedly carried out by MBS is hilarious.
+
+https://www.bloomberg.com/opinion/articles/2019-09-20/it-s-hard-to-say-no-to-aramco-s-ipo
+
+"The ordinary way that an initial public offering works is that the company’s executives fly around the world meeting with investors and trying to convince them to invest. This tends to be stressful and exhausting for the executives, and there is no guarantee that it will work; the investors might be skeptical and refuse to invest, or invest at a lower valuation than the executives want. If you gave the executives the option of, instead, kidnapping all of the potential investors, bringing them to a central location, and torturing them until they agreed to buy shares at a generous valuation, some executives might choose the kidnap-and-torture option. This option is not, however, generally presented in pitchbooks, because it is not generally an option. Do not kidnap and torture investors! Bad!
+
+Well but sometimes it is an option?"
+
+Paywall here is annoying, but signing up to his newsletter avoids that entirely.
+I’ve been paper trading for around 4 weeks and over the past 2 weeks I’ve found my edge and practiced it until I was profitable every single day. Now I’m trading with a small amount of money ($200) on a live account to get used to real money and my very first trade I made $30! Sadly that’s the only trade I can take for today so I’m gonna take profits and go back to paper trading.
+I’ve been paper trading for around 4 weeks and over the past 2 weeks I’ve found my edge and practiced it until I was profitable every single day. Now I’m trading with a small amount of money ($200) on a live account to get used to real money and my very first trade I made $30! Sadly that’s the only trade I can take for today so I’m gonna take profits and go back to paper trading.
+The 21 ultra-rich Russians among the world’s 500 wealthiest people have lost a combined $83 billion in 2022, according to the Bloomberg Billionaires Index.
+
+The biggest loss porn is credited to Vaget Alekperov, chairman of energy titan Lukoil, who has lost $13 billion and “only” $6 billion left.
+There are around 100 million blockchain wallets out there. This is an extremely small amount considering that it's only 1.28% of the total population.
+
+Yes, we might not be early compared to people in 2010, but being the first 1% to adopt Crypto is still very early. Crypto still has the untapped potential of the 99%, and in that sense we are indeed early as we have tens, if not hundreds of trillions to go.
+I use a value screener and many of the securities that qualified were either Japanese or steel. I have heard Japan has been selling relatively cheap for awhile but do not understand the fundamental reason why. Is it because of a combination of China, population lag, falling global power. Steel appears to be selling at quite a discount as well although I have heard less in this area. Please let me know any insights or articles that would point me in the right direction.
+As we know it's very difficult for an individual stock picker to beat the market so currently I have 40% allocated to EFTs (using trading212 as my platform) the EQQQ (I live in UK), S&P 500 and the iShares Electric Vehicles and Driving Technology ETF (in preparation for 2035 and planning to lower my cost average over time)
+
+The other 60% is allocated to my own stock picks with my own thesis and that include stocks that I have seen mentioned in this subreddit and those that I think which people are missing some details on, which are (mostly) dividend paying established companies with consist revenue and net income growth over long periods of time and what I think are at a low pe / p/fcf - 
+ABBV
+BABA
+GOGGL
+AMAT
+BMO
+BNS
+BBY
+COST
+DPZ
+HPQ
+MU
+NG
+TSM
+UPS
+VALE
+
+Would be interested to hear your thoughts and which stock I could add to my portfolio, of which I will do my DD before opening a position.
+
+I currently have £5k invested and another £4k in cash along with an income (low income but still about £50 per month free) and dividend income which I will use to increase my positions over time
+
+With a 2.12 forward divided yield and a PE of 16, SMG looks better poised than Mosiac MOS when it comes to fertilizer companies and stocks. On top of better growth aspects, SMG also provides better dividends. 
+
+Can someone explain to me why MOS is up 100% since the Ukraine war yet SMG is still near its 52 week low?
+I have been learning about value investing for a few years now and one of the first things I learned was to only invest in companies with more current assets than current liabilities. This has always made sense to me so I have made it a rule to only invest in companies with a current ratio above 1. However lately I have noticed some very smart investors buying companies with a current ratio below 1. I have also noticed many otherwise strong companies consistently have current ratios below 1. Can someone explain to me why this is not a major issue and companies don’t need to have a current ratio above 1 to be healthy. Any response would be greatly appreciated.
+I have owned a house for nearly 20 years.  2 years ago I moved into my girlfriend's house and I began leasing my house it to a tenant. His current lease runs until next September and he has told me that he wants to buy his own house, and is interested in buying mine if I am willing to sell.  I think it could be a good move for both of us.  I do not really feel like dealing with any other future tenants if he were to decide to move.  I am hoping to have my first child next year and may eventually require moving into a bigger house with my girlfriend and baby - and could use the funds from my own home sale to make that transition easy.  I am also confident that I can invest the profits wisely and make similar returns to what I am making off the current rental.
+
+A few questions have come up as I have never sold a property before.
+
+1.  Since I have found my own buyer, can I cut realtors / home inspections out of the equation?
+2. What kind of savings would this give me? - I am willing to pass on some of this savings and give my tenant a slightly-better-than-market price that is beneficial for both of us.
+3. Who else would need to be involved in the sale? I assume I would need a lawyer to draft documents?
+4. If my tenant takes out a new mortgage to buy the house - do I get one check from his bank for the home sale?  I am estimating the house is worth about $225k and I currently owe $35k.  Would I have a tax expense from the property sale?
+5. What else am I not considering?  I would like to let him know in the next few months what my plans are.
+PLTR has a crazy high IV. It was 210% for 12/18. This is the highest IV I have ever seen. So, I sold a $25 put for 12/18 and a call for $35 for the same date: [https://imgur.com/a/Kgb3LCo](https://imgur.com/a/Kgb3LCo)
+
+I am collecting a premium of $608:  [https://imgur.com/a/I4v43p9](https://imgur.com/a/I4v43p9)
+
+If you don't know what the wheel is, you can check it here:[https://optionstradingiq.com/the-wheel-strategy/](https://optionstradingiq.com/the-wheel-strategy/)
+
+Is anyone else doing the wheel on PLTR ?
+I am amazed at how the expected move that is predicted by the IV more often than not actually occurs.  Do put buyers know something bad is getting ready to happen and thus drive up put prices?  I want to sell FB puts because of extremely high IV, but know there is a reason for the high IV that likely will come true
+What’s up guys, I recently added a feature to my site (free tool), that visually displays an option chains daily volume and OI. Thought you all might find it useful to display strike prices that provide most liquidity and perhaps get a better price on the bid/ask.
+
+[check out the volume/OI for AMD. ](https://www.swaggystocks.com/dashboard/stocklabs/option-flow/AMD)
+I just started a job on Monday and been trained for a week. It's a manufacturing job through a temp service. I got a offer for hire at one of the best jobs in the area, which would net me about a 35% raise. What is the best and most professional way to handle this switch, while burning as few bridges /angering as few people as possible?
+Guten Morgen to all of you Great Apes around the world! 👋🦍
+
+RRP goes up, volume goes down, and GME is being transitioned from the S&P SmallCap 600 to the S&P MidCap 400. Apes continue to HODL with Diamantenhände, eagerly awaiting, well... anything. We're basically able to get excited about anything at this point. We know something big is coming, we know that many signs are pointing at its imminent arrival, we're gaining understanding of the tactics used to delay it. We continue to HODL, confident in the thesis and the DD. There is nothing they can do to shake us, now it is just a matter of time.
+
+Today is Wednesday, July 28th, and you know what that means! Join other apes around the world to watch low-frequency updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- ⬜ 120 minutes in: **$178.14 / 151,01 €**  *(volume: 1219)*
+- 🟩 115 minutes in: $178.14 / 151,01 €  *(volume: 1194)*
+- ⬜ 110 minutes in: $178.12 / 151,00 €  *(volume: 1192)*
+- 🟥 105 minutes in: $178.12 / 151,00 €  *(volume: 1175)*
+- 🟩 100 minutes in: $178.14 / 151,01 €  *(volume: 1103)*
+- 🟥 95 minutes in: $177.65 / 150,60 €  *(volume: 1076)*
+- 🟩 90 minutes in: $177.70 / 150,64 €  *(volume: 1068)*
+- 🟥 85 minutes in: $177.30 / 150,30 €  *(volume: 1062)*
+- 🟩 80 minutes in: $177.33 / 150,32 €  *(volume: 1031)*
+- 🟥 75 minutes in: $177.30 / 150,30 €  *(volume: 1028)*
+- 🟩 70 minutes in: $177.31 / 150,31 €  *(volume: 1015)*
+- 🟥 65 minutes in: $175.91 / 149,12 €  *(volume: 1007)*
+- ⬜ 60 minutes in: $175.93 / 149,14 €  *(volume: 991)*
+- 🟩 55 minutes in: $175.93 / 149,14 €  *(volume: 940)*
+- 🟩 50 minutes in: $175.88 / 149,10 €  *(volume: 908)*
+- 🟥 45 minutes in: $175.84 / 149,06 €  *(volume: 898)*
+- 🟥 40 minutes in: $175.87 / 149,09 €  *(volume: 897)*
+- 🟩 35 minutes in: $175.93 / 149,14 €  *(volume: 897)*
+- 🟩 30 minutes in: $175.88 / 149,10 €  *(volume: 896)*
+- 🟥 25 minutes in: $175.84 / 149,06 €  *(volume: 886)*
+- 🟩 20 minutes in: $175.85 / 149,07 €  *(volume: 875)*
+- 🟥 15 minutes in: $175.69 / 148,94 €  *(volume: 461)*
+- 🟥 10 minutes in: $175.72 / 148,96 €  *(volume: 186)*
+- 🟩 5 minutes in: $175.76 / 149,00 €  *(volume: 183)*
+- 🟥 0 minutes in: $175.65 / 148,90 €  *(volume: 0)*
+- 🟥 US close price: $178.54 / 151,35 €   *($176.30 / 149,45 € 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 1.17962783. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler, following their sudden disappearance after Memorial Day. I also am worried, as I had tried to make contact many times and never received a direct response. Over four weeks ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the curator of the series. I've been serving as host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on.
+
+Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+When I went to pull out the remaining few dollars I had to get on public transit, I was confused when I was declined while trying to get cash back from a local 7/11. I shrugged it off and tried grabbing something cheaper at which point I was declined again. I apparently was attempting to purchase the cheapest item they had in the store. In a rush as my bus was approaching I decided to resort to my last defense which was to explain my case to the bus driver and hope for that blue moon freebie and was lucky I got a driver in a good mood as he let me on. In total frustration I reviewed my transactions to find out that I was being charged 25 cents every time my card was declined. 
+
+It truly feels like it is becoming harder and harder to be poor. On the bright side I made my bus and am on to another day.
+
+Edit: For honest clarification, this was on a preloaded debit card from a plasma donation center. I am assuming at this point that it is a policy put in to prevent over draft. I am not sure.
+I see lots of ppl complaining about recent BTC spike and how ETH does nothing - Seriously?
+ 
+If you have invested $1000 in BTC in Jan you would have $4000 by now VS $30,000 if you did the same with Ethereum - simple math.
+
+Relax because you haven't seen anything yet! Ethereum is here to stay for a very long time and what BTC does is nothing else but help ETH by giving it additional exposure. 
+
+2018 will be the year of Ethereum - Metropolis, POS, Riden, Big projects build on Ethereum will be in full swing and you are going to be one lucky bastard if you manage to HODL! 
+
+If everybody else is going to the moon, Ethereum is going to a whole different Galaxy.. 💫
+
+
+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.
+
+​
+
+[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."
+
+​
+
+[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)
+
+​
+
+>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
+Hey everybody - I am looking to start developing my core 4 team as an out of state multifamily (4-40 units) real estate investor. I am looking to understand how to make impactful introductions to each of these team members that actually warrant responses. Looking for advice on what elements should be included within a short intro message to the following:
+
+**The Property Manager**
+
+* How I found them
+* What specifically I am are looking for
+* How much I intend to purchase
+
+**The Realtor**
+
+Elements that to include in outreach message: (Excerpt From David Greene's Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties. )
+
+* That you are an investor who understands the real estate
+* What specifically I am looking for
+* How I intend to purchase (loan, cash, and so on)
+* How I heard about the agent
+
+**The Lender**
+
+* How I found Them
+* How Much I intend to Purchase
+* My current REI Portfolio Status (Giving them context into whether or not I qualify for their existing products)
+
+**The Contractor**
+
+NOTE: Not 100% sure how to navigate contractors at this point.
+
+Overall, looking for the elements to build honest and effective relationships with top producers in their respective domains.
+
+I am not here to waste anybody's time and I want to make that clear. So before I begin outreach, I want to crowdsource some ideas from the communities.
+**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!
+
+\-----------------------------------------------------------------------------------------------------------------------------------
+
+​
+
+[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)
+
+​
+
+>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.
+
+​
+
+>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.
+
+​
+
+>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.
+
+​
+
+>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.
+
+​
+
+>Apollo, known for guarding its hoard, usually manages to walk away richer.
+
+​
+
+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...
+
+​
+
+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?
+
+​
+
+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/)
+
+​
+
+**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
+
+​
+
+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...
+
+​
+
+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?)
+
+​
+
+\-----------------------------------------------------------------------------------------------------------------------------------
+
+**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.
+
+​
+
+>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.
+
+​
+
+>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)
+
+​
+
+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.**
+Hi, all. First time poster in r/investing.Wanted to post here to share my thoughts and share what I collected about Corsair. I feel it's a great company to have moving in the future.
+
+Corsair Gaming (DD)
+
+Corsair is a very reputable company that has existed since 1994. CRSR are the leaders in making extreme high quality PC Components (RAM, Coolers, Power Supplies, Keyboard, Mouse, PC Cases, Gaming Headsets) and now venturing into Esports as a leading company. If you have built your own custom PC you probably have a corsair part in there. Extremely reputable company in the gaming world and known to be high quality and very durable parts with mostly high ratings.
+
+Corsair started its IPO at $17.25 per share in September 2020 having lasted 3 months.  Since then it's current at $33.50 up 90% since inception. It's high point is 51.26 and now experiencing a pullback. where it's now valued at $33.50.
+
+Let's take a look at Q3 Results. Let's compare it to its established competitor: Logitech trading at approximately $85
+
+Corsair (Year to Year Growth)[https://seekingalpha.com/article/4387552-corsair-gaming-inc-2020-q3-results-earnings-call-presentation](https://seekingalpha.com/article/4387552-corsair-gaming-inc-2020-q3-results-earnings-call-presentation)
+
+[https://ir.corsair.com/static-files/58b4afc1-54f5-4fca-9bd9-c155effabcf1](https://ir.corsair.com/static-files/58b4afc1-54f5-4fca-9bd9-c155effabcf1)
+
+Net Revenue:  +60.7%    
+Gross Profit:  +112.4%    
+Operating Income: +353.6%    
+Net Income: +2293.5% !!!!    
+Adjust Net Income: +384%    
+Cash Flow: 24.7million in 2020 vs 2.1million in 2019.  
+
+Logitech:    
+Net Revenue: +73%    
+Gross Profit: +108%    
+Operating Income: +18%    
+Net Income: +276%  
+
+Implications? Corsair is AGGRESSIVELY EXPANDING. Look at that operating income increase. They're meeting their expectations with their aggressive expansion  Corsair is growing faster than Logitech in terms of raw numbers. Cash flows shows what a great health state it is in moving forward and how they pose as a serious competitor to LOGI (Logitech) moving forward. Seems like a good mid/small cap growth stock.
+
+We could go more into the numbers if you'd like using its PPT but the numbers look solid all across.
+
+Institutional Ownership:Corsair is 91% owned by institutions  
+
+[https://fintel.io/so/us/crsr](https://fintel.io/so/us/crsr)  
+
+Owned by JPMorgan, Blackrock, Citadel Goldman Sachs etc.
+
+It's a company that institutions believe in as they hold 91% of the shares!! The worrisomee is that comes with this is that there it's usually missing the volume as opposed to recently popular debuts like Palantir and Airbnb. A lot of  long term investors are locked in (myself included) and there's little  volume movement (1.5m on average), price is a bit volatile.
+
+The Catalysts:
+
+This black friday/Cyber Monday was different due to Covid. there was an increase in gaming supplies as countries are forced to lockdown and people have nothing to do. It's reported that most of popular Corsair products that went on Sale were sold out BF/CM and Corsair completely ran out of stock. $$$.[https://ir.corsair.com/static-files/10cfa2da-de15-40d3-aa82-31c9c7145e80](https://ir.corsair.com/static-files/10cfa2da-de15-40d3-aa82-31c9c7145e80)
+
+An excerpt: CEO Paul, “We believe Corsair is at the center of this growing trend with our wide range of gaming and streaming products. This last quarter was one with very strong demand, with many major retailers running out of stock of our gear. Our stock situation has gotten better but only a small part of Q3 revenue came from restocking shelves, with most gear selling as soon as they hit the shelves. We are ramping up our supply chain and manufacturing partners as fast as possible, and we expect to thoughtfully be growing our channel inventory during the next few months, as well as supporting the continued high demand from our end customers. We recently released our new flagship gaming keyboard, the K100, which at $229 is the best keyboard we have built. We also recently launched two new microphones under our Elgato brand, Wave 1 and Wave 3, which were sold out within the first few days of launch. We continue to launch exciting new high performance products at a fast clip, with approximately one new product per week.”
+
+Prior to the Black Friday/Cyber Monday: They were revising their 2020 outlook because they exceeded it by expecting Net Revenue from 1.616m to 1.631m and Adjusted EBITDA from 187m to 193m.With how they even did even better on BF/CM sales than they anticipated, expect higher results.
+
+This Christmas is no different. Cyberpunk 2077 and lockdown still in place in US/Canada and other countries, people going to spending money on Corsair products yet again. This is in part with increased streamers in Youtube/Twitch that corsair is heavily investing in in terms of investing in a program for people to enroll to learn how to effectively stream and we can expect great things for the company in the future.
+
+February 9 is the expected Q4 earnings. 
+
+Corsair is in a good position to easily beat out ER. As they already smashed their ER in Q3 by 0.26!!
+
+Analysts Predictions:After Q3 Earnings the newest price target for analyst    
+Credit Suisse Group: $31    
+Barclays: $45    
+Robert W. Baird: $41    
+Cowen: $37    
+At least 7 Buy Ratings, None at Sell.
+
+For this website:   
+[https://www.tipranks.com/stocks/crsr/forecast](https://www.tipranks.com/stocks/crsr/forecast)   
+9 has a average price target of $38, with the tops being at $49.
+
+Analysts would say Corsair is slightly undervalued at the moment.   
+ \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+**TL;DR Corsair Gaming is a company in a great position for both the short term, and long term and one of the ideal growth stocks moving forward. It's worth taking a good hard look and a stock that will likely more than pay off in \~2months + easily barring sudden bad news.**
+
+Edit: I'd be happy to answer any questions you guys have and critical questions also help me to see if I did my job right, so keep on coming :D! I tried to be transparent in my DD as possible.Also, I vouch for Corsair moving forward however, please do your own DD before making financial decisions!
+Good day apes ~~and apettes~~ (thanks u/kibblepigeon for teaching me that "ape" is already a gender inclusive term), just wanted to jacque your tettitas a lil more if I can.
+
+Here's the dissection of a parabolic move on an x security, movement to 1 is parabolic but is also a little parabolic move inside a bigger parabolic move (5). What is interesting is price behaviour: after first big move up (1), usually there's a circa 50% retracement of that move (2) then sellers come back until price close above 2 (3), then at (4) the last small dip before (5) meaning the sellers capitulated.
+
+Small dip move from (3) to (4) is KEY because here happens the shift of power from sellers, which were in control of price since (1) finished, to buyers.
+
+Move (5) as now went to about 3X the price of move (1).
+
+[ a  common graph of a common parabolic move ](https://preview.redd.it/95jyxija8c871.jpg?width=1035&format=pjpg&auto=webp&s=870ec16616f570db7a4b9868e549539569919d3c)
+
+Now let's get straight to the jacque part of my kindergarten analysis
+
+[ a graph of a well known idiosyncratic stock ](https://preview.redd.it/snfq6cue8c871.jpg?width=1035&format=pjpg&auto=webp&s=12b0f550b2f3d169e548710ea24135c74ad4719a)
+
+To me the situation seem pretty darn parabolic and I see the same behaviour described above...
+
+Only differences are related to time scales (first case was weekly, second was daily) and move 1 retracement (2) which in 1st case was 50% while on GME is >50% (meaning buying was more aggressive in this case).
+
+I don't want to hype dates or anything but I think we are in (4) now, that small but very important dip where power shift happens and up up up the parabolic flight begins.
+
+So buckle up and enjoy the flight.
+
+​
+
+EDIT1: more evidence of this pattern in a fairly known movie theaters stock which recently exihibited a parabolic move (here as well as now price in (5) has tripled maximum price of move (1)).
+
+https://preview.redd.it/nxqb21ej8c871.jpg?width=1034&format=pjpg&auto=webp&s=6d59e58c01981a10312b3c3361ad1724241a5220
+
+EDIT2: another one, this is interesting because move (5) almost 3X move (1) but had a more bumpy development (lower timeframe here with more noise maybe?)
+
+https://preview.redd.it/8w3i4a5m8c871.jpg?width=1037&format=pjpg&auto=webp&s=215999c3c075d3417c64dba5ab72e06906c964cf
+
+EDIT3: another one in which move (5) max price triples parabolic move (1) max price.
+
+https://preview.redd.it/dnw5eg2p8c871.jpg?width=1039&format=pjpg&auto=webp&s=d311db539deca12a117e584c0ea8d766bd649385
+
+EDIT4: a famous e-commerce giant which GME is going to replace, here move 5 did 33X the max price of move 1 (obviously fundamentals here helped)
+
+https://preview.redd.it/hcp8j0ur8c871.jpg?width=1040&format=pjpg&auto=webp&s=fe3b05a176aeedff20023e0a3d93b3dcf8e7b377
+
+EDIT5: another big weekly case on a big tech, from max price of 1 (37$) to price to date in 5 (799$) it 23X. Notice how sometimes these parabolic moves requires years (move 5 started in the end of 2012).
+
+https://preview.redd.it/sr4lt1su8c871.jpg?width=1037&format=pjpg&auto=webp&s=a1edf81b6795e1d8b4ec5248f294fffe3f31c667
+
+Based on these examples I think we are set on GME for a move 5 which will at least triple the max price of move 1 of january (345x3=1035$), notice I'm using the price of line graph and not candlestick price of january pick (482,55$), this doesn't mean GME won't go past 1000$, we saw before that with **strong fundamentals** and **time** move 5 can easily go 20X and beyond move 1.
+
+I don't know about other securities but GME is a unique case for short interest and for retail interest in it so it is very possible that it will set an unprecendent, idiosynchratic, to the moon move 5.
+
+Prepare to see your most liked stock **at least at 1000$**, I'm preparing for this and zenfully reminding myself that at 1k we still trading sideways. I just want you to be prepared as well for what is coming (I predict future fud at 1k stating HF have covered and so on...(yeah like they covered in january! - we own the float x times bitch! - when in doubt bath yourself with the DDs)).
+
+Buckle up.
+
+———————-
+  
+I’ve been thinking about an alternative approach to FIRE - my friend and I over the last 20yrs have taken different roads.  He started his own business, I went to work for larger tech companies (currently at a FAANG).
+
+While I have a higher net worth he has pretty much unlimited freedom.  He setup a small IT services company, hired staff and they have a small but slowly growing customer base.   It took him 15yrs but he’s now working part time.
+
+Yes - shit happens, there are emergencies and problems and it took him 15yrs but again - the guy is totally free outside of these monthly or bi-monthly fires.
+
+His day to day is basically retirement - he surfs during in the morning, he goes to BJJ 5x a week, spends 2hrs in the office socializing with staff and on occasion meets with customers to maintain relationships.
+
+Now, I don’t want to spend 10-15yrs building up a business like his but I could see myself buying an existing bussiness instead and wanted to know what you all think are low stress, low maintenance businesses one can buy?
+
+I know nothing is prefect - I know eventually a problem will arise.  
+
+But my desire with FIRE is to just have more day to day freedom,  if I can get things to where I’m just working 10-15hrs a week and maintain my current lifestyle I think that sounds more interesting than full blown retirement.
+
+I’m aware about the need to due diligence with lawyers, CPAs etc but what are some businesses that can cash flow well but can be relatively low maintenance?
+
+Real estate immediately comes to mind - but I’m wondering what else there is.
+
+
+
+—— (updating the post) ———- 
+
+Ok - looking at the responses I don’t think I put a proper disclaimer here.  I’m well aware that it takes effort and shit happens, people can quit, quality people are important, there is no free ride.
+
+Thanks for pointing out the obvious - if I wanted to do nothing at all, I’d simply leave passive investments the appeal to owning a business is I actually do like to do stuff!
+
+What I’m really asking is - outside of real estate, what else is fairly simple market to enter into for somewhat passive cash flow generation?   Right now my day job is very demanding, I have little work life balance and switching to another tech company or whatever doesn’t seem appealing to me.
+Hey there, I'm a physics college student from Spain and I'm pretty sure my future in the job market will be on one of the markets I named in the title. Given that, what are the best places in the EU for such jobs? Taking into account salary but also cost of living, benefits, taxes, etc. Thanks!
+Morning guys. How are you faring this fine Monday?
+
+I'm 30 and I started saving up in the form of ETFs around one year and a half ago. Nothing really fancy, just the typical 90% on IWDA and 10% on EIMI. Buy and Hold, keeping it simple, no trading shenanigans.
+
+My question to you is: how do you avoid selling when you've made such great gains this last year, when you consider odds are there'll be a major trainwreck within a couple months/years? I know the philosophy of the Boglehead is to buy and not look at it anymore, but now can you justify not selling when everyone and their moms is expecting a bear market relatively soon-ish?
+
+Cheers and thanks in advance for the feedback!
+
+**EDIT:** THANK YOU so much for your input. Not only was it important from a behavioural perspective, but I actually decided to do some math and saw how little this'd matter in the long run. After some simulations I've realised that within 5 years the difference between both strategies would only amount to 5% or so.
+Morning guys. How are you faring this fine Monday?
+
+I'm 30 and I started saving up in the form of ETFs around one year and a half ago. Nothing really fancy, just the typical 90% on IWDA and 10% on EIMI. Buy and Hold, keeping it simple, no trading shenanigans.
+
+My question to you is: how do you avoid selling when you've made such great gains this last year, when you consider odds are there'll be a major trainwreck within a couple months/years? I know the philosophy of the Boglehead is to buy and not look at it anymore, but now can you justify not selling when everyone and their moms is expecting a bear market relatively soon-ish?
+
+Cheers and thanks in advance for the feedback!
+
+**EDIT:** THANK YOU so much for your input. Not only was it important from a behavioural perspective, but I actually decided to do some math and saw how little this'd matter in the long run. After some simulations I've realised that within 5 years the difference between both strategies would only amount to 5% or so.
+Last night three of the five devs went dark after selling 90% of the dev marketing wallet. This inexcusable act created panic and unrest within the community. The market cap had dropped 80%. One of the remaining developers, Emotional\_Can2279 (telegram handle), without hesitation, jumped into the voice chat in Telegram as it quickly grew to over 100 people demanding answers, demanding justice. The message was clear, though this unethical deed has been done, we will come together as a community, we will rally, and we will overcome! 
+
+Within the last few hours our market cap has increased by nearly 200% with our community becoming more engaged than ever before, shouting from the roof tops and hill sides from all over the world, we will not go quietly into the night. If anyone thinks that this action could kill the project or destroy our community, 420x is the phoenix born from ashes, we will rise again!
+
+As we look forward to the future of 420x, the remaining team is here to stay and we know that the community is indeed our greatest support, our greatest asset. 
+
+**Plans for the upcoming week**:
+
+1- Website relaunch  
+2- Designated wallet for charity to give back to the 420x community  
+3- Possible nft fundraiser 
+
+**Do your own research with these 420x Official Links :**
+
+CoinMarketCap: [https://coinmarketcap.com/currencies/420x](https://coinmarketcap.com/currencies/420x)  
+Telegram : [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X)  
+Website : [https://420xcoin.com](https://420xcoin.com)  
+Contract : [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) (Audited by TechRate)  
+Buy here on PancakeSwap(Use V1) : [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a)
+I am new to tastytrade methodology and find it extremely difficult to make sizable profit with it. I also doubt that if account is >50k; it might be hard pursuing tt way, that too if you are employed full-time(tracking 20-50 trades). Anyone making profit on your account size larger than 25 or 50k?? Could share your wisdom on how the methodology is implemented in real world??
+I have a co-worker who is having a few money problems due to the death of his wife. He is now a single dad raising a troubled kid on his own.
+
+He was telling me about some of his issues with the bank the other day and I thought maybe I could help him out. 
+
+I wouldn’t want him to find out it was me for a myriad of reasons, so I would def want to be anonymous.
+
+I could definitely afford to give him some money, I had a good year last year and this one is looking better, but I don’t know if that is ethical or worth it.
+
+Ive know the guy a long time, we aren’t close and only interact at work, but we get along well. He has a lower level position than me and is not someone that will push for a raise or attempt to move up. I know this because I have tried to push him to do so, but I can’t do it for him.
+
+Any suggestions?
+Hello all, I'm looking for advice on how to manage my son's (16) inheritance.  He will soon receive over 150K from his late grandfather.  This money is to be held in trust until he is 21, and will be managed by my wife and myself.   
+
+He may need to access some of this money in the short term to pay for things like driving lessons and personal holidays once he is 18.  His further education costs are covered elsewhere and would not be taken from this amount.  
+
+My wife and I, have very little financial knowledge and wonder what is best to maximise the return on his money; we don't want it sitting in a bank account making 1% interest.  I understand stocks and shares generally give good returns, but it is a long game and he may want the money to put towards a property when he is 21.
+
+Any advice would be greatly received.
+To clarify I am already aware of the domestic abuse allegations as reported here: https://www.dailymail.co.uk/news/article-2962885/amp/Billionaire-Ken-Griffin-accused-throwing-bedpost-wife-Anne-Dias-Chicago-argument.html
+
+I also am aware that Ken Griffin is suspected of committing perjury as well as many other crimes as can be cataloged here: https://kengriffincrimes.com
+
+But I always learn best through repetition. So this post is an invitation to share all facts and speculations, including what is commonly known, about Ken Griffin of Citadel securities! Go!
+My employer only offers two days of paternity leave on full pay, although up to two weeks' paternity leave can be taken at statutory pay.
+
+What's the general view on this, as it feels stingy to me?
+
+If there's any data, information or reports out there that I can use to convince them it should be two weeks fully paid leave then that would be helpful too?
+
+Thank you!
+I just wanted to say thank you to everyone in this community. I've learned so much in such a short period of time and everyone is always willing to answer questions in depth. You guys/gals have been my greatest asset. This sub, @realestate and @landlord have been my holy grail. Again, thank you!!
+
+Yall are awesome!!!!!
+Shares of Activision soared about 37% in pre-market trading Tuesday following a Wall Street Journal report that Microsoft would buy the video game giant.
+
+More to come here:
+
+https://www.cnbc.com/2022/01/18/microsoft-to-buy-activision.html
+
+Apparently Bobby K to stay on board.  Overall $68.7B purchase price for the company.
+I got paid today and yesterday I had less than $2 in my bank account. While drinking my morning coffee, I checked my account and immediately paid off my loan payment, my son’s cell phone, my utilities bill, sent my BF money I owed him, and set aside money for rent (going to pay it today). 
+
+It doesn’t sound like a lot, but going from almost completely broke after the holidays to having a few hundred bucks banked is giving me a huge feeling of triumph. Even 6 months ago, I was so poor I couldn’t eat regularly and was always behind on things. Debt consolidation was the best thing I ever did, but it has still been a struggle. Through budgeting and learning to control my impulsive shopping habits, I’ve turned my life around. 
+
+My goals for 2019:
+-stick to my budget
+-aggressively pay down my debt (I owe about $3k in debt consolidation)
+-save for a new apartment 
+
+It should be noted that I only make Ontario minimum wage, but I have an interview on Monday for a new job which will pay me at least $10k more a year (for a starting wage) that I think I am gonna get. If I get this new job, it’s gonna make achieving my goals so much easier. 
+
+Don’t lose hope, my friends! Have a plan in place, and try to stick to your guns 💪 
+Can anyone vouch for Tradingview's backtester? I see this, and am not sure if I should throw all of my money at it, or if this is total bs.
+
+Assumes initial investment of $10K, 100% of equity reinvested for every trade thereafter.
+
+**Update:**
+
+Strategy uses a standard candle stick chart, on closed bars, does not repaint.
+
+​
+
+I am currently net negative on the account, hence why I wanted to jump on here and get an idea if this is just a temporary downturn or if this strategy is crap because the TV Backtester data is unreliable.
+
+​
+
+Thanks everyone for your feedback and insights!
+
+https://preview.redd.it/6c82f6bi0c7a1.png?width=1831&format=png&auto=webp&s=7a5008b46a709a1162e30f98e782b69e8c9339e2
+What are some investment strategies that you have utilized that may take a little upfront work, but have great returns in the long run?
+
+And no, mutual funds, stocks, ETFs and buying rental properties have all been talked to death here. I'm more asking about something not everybody thinks about, but are actually great strategies that have worked for you.
+
+Thanks.
+Due to coronavirus, activity in China has plummeted. 4 charts: https://dumbwealth.com/4-charts-china-coronavirus-collapse
+
+Wouldn't surprise me if China's q1 GDP gets destroyed.
+
+China is critical to the global economy. So why are stocks near all time highs? 
+
+Nothingburger or complacency?
+I'm a bit unsure on something and trading with leverage
+
+let's say I have deposited £200 into my account and I am trading with a leverage 1:10
+
+I trade £200 but with leverage so I'm only using £20 of my own money for GBP/USD
+
+The trade doesn't go my way and I make a loss of 10%, so I have £180 now, what happens to the brokers money and what happens now?
+I have never, not one day, know of anyone who identifies candle stick patterns. Have you? Assuming it's a bearable realistic scenario, so let's say once a day on the Daily chart.
+My mom passed away in April 2020. She had two IRA accounts. One goes to me 100%, with contingent beneficiary as my grandmother (who pre-deceased my mom). The other is split equally between me and my two siblings. They way it stands, I’m getting 75% of the total, while my siblings are getting just 12.5%. Needless to say, the sibs are not thrilled, and I don’t think the inequity was intentional. 
+
+I’m trying to figure out the least complicated way to split the inheritance more equitably. I can’t disclaim any of the “big” one, or it would go to the estate. Can I set up some sort of trustee-to-trustee transfer, to divert some of the funds to my siblings, without incurring taxes myself? I don’t want to have to get into withdrawals and taxes and gifts, etc. 
+
+Thanks in advance!!
+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!
+
+In many occasions I have wondered about factors determining the price of ethereum. I think it is a matter of demand and offer, as almost the price of everything is. Scarcity is important. But how does the demand created? It's a gas for running dapps. So fuel consumption for used dapps on the nerwork and difficulty of validating transactions (cf. Mining), mainly drives the price. However, here comes my question: the goal of the developers of ethereum is to make it more and more efficient, faster, etc. In this way, it will be less "costly" for validating the transactions, which would reduce the fees and fuel consumption of dapps significantly so that the price would be pushed down? In the end scarcity is determined by how much of a fraction of one unit of eth you need to get things done. I am curious about your opinion. Cheers.
+ 
+
+[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!*
+ 
+
+[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.
+
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+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+***What's This Post All About?***
+
+The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post.
+
+If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point.
+
+Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!*
+https://i.hizliresim.com/JQAbpQ.png
+
+here you can see orders of 0.001. once sell orders eat buy orders the bots fill the gaps in prices with orders such as 0.00100000 then once they reach their target they can easily pump or dump the prices.
+
+
+in some instances, you can spend/buy 10 bitcoins and raise the price of bitcoin around 80 dollars. Shouldnt be possible with such a big market but it is.
+
+Check yourself from gdax and let me know what you think.
+
+What they aim?
+1- Pushing prices down as much as possible and collecting more coins at below before mooning it?
+2- Some whales are bored from crpyto and are looking to invest elsewhere and are exiting while also profiting. (selling huge numbers of bitcoin to exit will crash the market and you wont be able to sell 50.000 bitcoin from the same price.)
+3- Profit in short term then abandon it and leave the price to its own nature or market.
+**$UWMC - Today's Rent, Tomorrow's Mortgage - United Wholesale Mortgage Trade Analysis**
+
+---
+
+ 
+
+It’s no secret that $RKT is absolutely ripping. It’s also no secret that you missed the fucking rocket. Once again, you’re stuck bagholding dogshit while your friends are partying on the moon. I’m here to tell you that it’s all going to be okay. Do not FOMO into RKT while it's on its way back down to Earth. I’ve got another rocket lined up, fueled, and ready to rip. Enter $UWMC.
+
+ 
+
+---
+
+#Background
+
+United Wholesale Mortgage (UWMC) is a company who underwrites loans for independent mortgage brokers, banks and credit unions. It doesn't lend directly to borrowers - Instead, borrowers mainly deal with the company's loan servicing department. They recently went public through the SPAC known as GHIV, and since then, their share price has unfortunately been on a steady decline, until today.
+
+ 
+
+---
+
+
+
+#A Swing Play, a Value Play, and a Long Term Hold, All Rolled Into One
+
+As /u/Winring86 eloquently stated, UWMC is a swing play, value play, and long term hold rolled into one. UWMC is in a very bullish position due to it being an ideal candidate for swing trading, value investing, and growth investing. This attracts people from a wide variety of investing backgrounds, ultimately giving it some insane exposure within the institutional, and retail spaces. Furthermore, there are a number of positive upcoming catalysts for UWMC, as well as positive analyst sentiment about long term prospects.
+
+ 
+
+---
+
+
+
+#Swing Play
+
+Currently, there are two swing-play catalysts in effect for UWMC. 
+
+ 
+
+**Catalyst #1)** 
+
+It’s in the same sector as RKT. We all see what’s happening with that right now - It’s the entire reason I even thought of this play to begin with. As much as people try to deny it, certain “baskets” of stocks trade in relation to one another. This was most prominent during the GME squeeze. GME started ripping, and it started carrying other trash up with it, like AMC, NOK, BB, etc. The movement of these stocks seemed almost intertwined. GME ripped, and so did the other meme stocks. GME started drilling, and the rest followed suit. The exact same thing is happening in today's market environment. RKT is ripping, and it’s drawing attention to other mortgage and finance stocks, causing them to gap up as well. So long as RKT keeps ripping, the rest should follow suit, and since UWMC is so much closer to it’s floor (only up 20% compared to RKT’s 120%), it results in us being able to place a much safer bet. Luckily, this isn’t the only catalyst, which means that if RKT starts to go down, there may be a divergence among these equities, with UWMC continuing to trend upwards even after the RKT fiasco ends.
+
+ 
+
+**Catalyst #2)** 
+
+On the morning of March 1st, it was announced that UWMC will be added to the Russell 1000 and Russell 3000 indices. These inclusions almost always result in a price increase, due to the indices and index funds having to purchase shares for exposure. Furthermore, this also results in the future potential for UWMC to be added to the S&P 500.
+
+ 
+
+With the explosive growth of companies within the same sector, as well as index inclusion being right around the corner, UWMC seems like an extremely good candidate for a potential swing trade.
+
+ 
+
+---
+
+#Deep Value Play
+
+From a strict fundamental perspective, UWMC is horribly undervalued. Many of the same principles /u/DeepFuckingValue uncovered in Gamestop are present in UWMC today. They have an incredible balance sheet, insane YoY growth, and fundamentally sound business prospects. These metrics include :
+
+- A P/E ratio of 3.8, compared to the sectors average of 14.0
+- Forward P/E of 6.11 compared to the sectors average of 11.0
+- **Q4 2020 Net Income of $1.37 billion and FY2020 net income of $3.38 billion - An 821% and 715% increase over 4Q19 and FY19 respectively**
+- Q1 2021 expectations : 22.6% - 34.4% increase from Q1 2020
+- 5% Dividend, coming up on March 9th
+- High level of institutional ownership
+- Short Interest of around 35-45%
+
+ 
+
+UWMC absolutely brutalized their earnings, and are expected to continue dominating them well into the future. Smart money has loaded up on shares, and is waiting for liftoff. The current valuation of UWMC is criminal, and I can easily see this stock reaching into the high twenties over the course of the following year.
+
+ 
+
+---
+
+#Long Term Prospects
+
+On top of the deep value play, UWMC is also poised for steady, long term growth. UWMC is projected to have a better 2021 than 2020, and see a steady increase in EPS. This is starkly different from its peers, who are expected to experience the opposite - Most companies within the same sector are expected to have significantly worse years going forward, following the inevitable hike in interest rates, which UWMC actually looks forward to. Since UWMC is a mortgage lender, a hike in interest rates will result in an insane jump in profits for them as a company, leading to explosive growth. The company is poised for success even after the swing trades and value plays have run their course, and to me, that’s extremely bullish.
+
+ 
+
+---
+
+#Trading Strategies
+
+Given that my thesis has convinced you, we arrive at the fun part of the article - the trading strategies. Overall, there are many ways to approach this trade, and I’ll lay them out in relation to the type of play one would want to make.
+
+ 
+
+If you’re looking for a short term swing play, your best bet would likely be the April contracts at the $10 or $12.5 strikes. These options are trading dirt cheap, and if you believe that RKT and UWMC will continue to run in tandem with one another, these would prove to be an awesome pickup. These will likely be best to buy on or after March 10th, after the ex-dividend date, as stocks tend to drop post dividend. These contracts will give you exposure to the bullish runs within the mortgage sector, as well as the pre Russel index inclusion runup.
+
+ 
+
+If you’re looking for a deep (fucking) value play, you could look to sell ATM cash secured puts on the underlying and pray for assignment. Alternatively, you could outright buy a boatload of shares and LEAPS (similar to what DFV did with GME back in June). Both would work just fine, and would let you capitalize on the value prospects of this play.
+
+ 
+
+If you’re just looking for a nice stock to buy and hold, grab some shares, wait for the inevitable runup post Russel inclusion, and sell some covered calls once the premiums start to get jacked to the tits. You’ll amplify your returns, while reaping the benefits of organic stock appreciation.
+
+ 
+
+---
+
+#Bear Thesis
+
+Alongside every bull thesis, there must be a bear thesis, otherwise I’m no better than a pump-and-dumper. Below, you can find a list of potential negatives related to UWMC, with respect to the various investing timelines discussed above.
+
+ 
+
+**Swing**
+
+- RKT can grind to a halt, killing all momentum within the sector, similar to how GME took out the other meme stocks when it popped.
+- Russel inclusion doesn’t drive up the price nearly as much as anticipated, resulting in little change in the underlying's price.
+- Stock and option pricing sometimes drops post dividend - pay close attention to March 9th.
+- Although uncommon, the low float may result in potential manipulation from MMs.
+
+ 
+
+**Deep Value**
+
+- Mortgage industry faces potential insecurity, as the promise of 0% interest rates may be extended all the way until the end of 2022
+- Mortgage companies are not “sexy”. In a market dominated by innovation and tech, investors may be reluctant to invest their money in a “boring mortgage company”.
+- Insiders are allowed to sell in 6 months time. Luckily, the CEO of UWMC owns 90% of the company, and has been adamant that company will prove itself to be worth analyst's valuation of at least $14.50 - Take this with a grain of salt.
+
+ 
+
+**Long Term Prospects**
+
+- An upcoming market or housing crash could potentially result in this sector being hit harder than the others. This is an extremely unlikely scenario, as we will likely have far bigger problems than UWMC dropping 2$ back down to 7$, but still one to consider nonetheless.
+
+ 
+
+---
+
+#**Conclusion**
+
+All in all, amidst the RKT madness, UWMC seems to provide us with an awesome trading opportunity. With different trades applicable to three distinct investing styles, UWMC offers the potential for everyone to make some coin. If you want to capitalize off of the RKT pump and index inclusion, you can look to swing trade with some cheap option contracts. If you’ve done your due diligence, and like what you see on UWMC’s balance sheet, you can take a deep value approach and mimic the methods of our king. Lastly, if you’re just a boring ass boomer, you can grab some shares and enjoy the gain train. If you enjoyed the DD, feel free to follow me on twitter, or join my investing discord. You can get access to my DD days in advance. Links can be found on my profile! :)
+
+ 
+
+---
+
+**Sources**
+
+• https://finviz.com/quote.ashx?t=uwmc
+
+• https://www.bamsec.com/filing/119312521027468?cik=1783398
+
+• https://www.bamsec.com/filing/119312520296072?cik=1783398
+
+• https://yetanothervalueblog.com/2021/01/quickie-idea-uwmc-squeezing-higher-post-despacing.html
+# Update (12/8/20):
+
+For those who missed it, I've upped this bet to include a tattoo on my ass if I'm wrong. But I won't be wrong.
+
+### [UPPING THE ANTE: If SPY closes below 360 by next Friday I will donate $100 to the top 10 commentors below. If SPY closes above 375 next Friday I will get JPow's face and "Don't Fight The Fed" tattooed on my ass.](https://www.reddit.com/r/wallstreetbets/comments/k6z61n/upping_the_ante_if_spy_closes_below_360_by_next/)
+
+# UPDATE (11/30/20):
+
+Stock futures are currently at around +0.80%. I'm down as fuck on my positions as most of you already know...
+
+I stated before I never put more than 10k into short term options plays, which is how I've lasted 20 years in this game.
+
+These are extreme times. I am now putting that rule on hold. If these futures hold up, tomorrow I am dumping another 10k into my SPY puts and VXX calls. I am literally doubling down to a 20k total bet.
+
+This extra 10k will be January/February dated since my December timing appears to be early.
+
+Still conservative strikes: VXX 22c, SPY 350p, TLT 162c
+
+# UPDATE: CURRENT POSITIONS (as of 11/20/20)
+
+https://preview.redd.it/wn0f6wuevh061.png?width=1078&format=png&auto=webp&s=c5f63c8e8577acead459cc55c72f2076974755f2
+
+https://preview.redd.it/qiu0oma2j7061.png?width=1626&format=png&auto=webp&s=5aac070daa9c5595cc3e5e3dad2747297e2289c3
+
+Hello again. SVM/??? here with another fuckin banger. LET'S GOOOO!!!!!
+
+# Introduction:
+
+The market is going to tank. Let me just give a bit of background so you know why my opinion is better than yours...
+
+I am not a bear. I am not a bull. I go where the market tells me to go, I bet where it tells me to bet. And right now, the indicators are telling me to take a strong bearish position. So that's what I have been doing.
+
+I've been trading more than 20 years. I was trading the great financial crash while most of you were watching fucking Spongebob or whatever the fuck you kids jerked it to. This is not my primary job, but I make a good deal of cash on the side every month, timing the market and swing trading broad market ETFs. I do my research, I know my shit, and I rarely touch your shitty meme stocks. I'm doing you all a favor of once again sharing my insights into this market, so you too can share in my profits and maybe learn a thing or two.
+
+I will lay this out as cleanly as I can, offering multiple premises for my bearish bet and explaining them in detail. I've covered some of this in the past, but wanted to consolidate everything and more in one place. **This post will be long. If you want to cry about that rather than thank me for my service, you will go broke soon and deserve it cuz you are a lazy fuck.** PRESSING FORWARD!
+
+​
+
+**Primary Bearish Premises:**
+
+**Premise 1: The Market is Massively Overvalued (Macro)**
+
+**Premise 2: SPY is Topping Off and Running on Vaccine Fumes (TA)**
+
+**Premise 3: The Fed CANNOT Print Money You Retards (Facts)**
+
+**Premise 4: Quantitative Easing is Deflationary (Theory)**
+
+**Premise 5: Credit Markets are Contracting (Data)**
+
+**Premise 6: Banks are Loading Up on Safe Bonds While Retail Loads Up on Stocks (Data)**
+
+**Premise 7: Unemployment is Still Sky High (Data)**
+
+​
+
+# Premise 1: The Market is Massively Overvalued
+
+There are plenty of small, detail arguments for a bearish position. Covid cases rising, election uncertainty, stimulus failing, and so on. Plenty of others have made this case, so I won't focus on the small scale issues such as these.
+
+What I want to give you is a larger, macro picture. Because the market is simply overvalued, period. The market has become divorced from the overall economy. I understand tech, and why they have a bullish case for growth in the face of Covid lockdowns... My point here is that you need some REAL WORLD measures to tie "future earnings" down to reality, to prevent irrational euphoria from taking over your mind.
+
+There are plenty of indicators out there showing that stocks are overvalued. We could talk about insane P/E ratios, about euphoric meme stock flops like NKLA, and so on. The metric I'm going to present here is not new by any stretch. It isn't unique or original. But it is undeniably useful, and carries strong weight, whether modern traders wish to shun it and its originator or not. I'm talking about the Buffet Indicator.
+
+https://preview.redd.it/oem2uhz714061.png?width=1008&format=png&auto=webp&s=b1f7e97544eba52859b986af68b4b80556660e43
+
+For those of you new to this concept, it is simply the total stock market valuation divided by GDP. The point is to compare total market valuations with some hard, trailing, real-world metric, in this case GDP. When market valuations uncouple strongly from actual market conditions, it is a strong signal of irrational stock valuations. And that presents opportunity for those paying attention.
+
+Note that **this chart has already been detrended down to account for historically rising P/E ratios**, and it still shows a strongly overvalued market, equal to what was seen during the DotCom bubble. That's bad news, folks.
+
+This is the REAL issue in the present market, and why buyers are becoming exhausted. Covid, instability, elections, stimulus... These are all just catalysts to give that equity bubble a little prick. Only the dumbest of the dumb are still "buying the dip" under current market conditions, which means mostly clueless retail gamblers on WSB. All these perma-bulls are doing is offering liquidity to the institutional investors to help get them out of their positions. In the end, we all know who is left holding the bag.
+
+# Premise 2: The Market is Topping Off and Running on Vaccine Fumes
+
+I'm not a big believer in technical analysis. Most of it is bullshit, astrological voodoo if you ask me. But some of it works, and when technical analysis works, it is simply being used as a proxy for assessing market sentiment and emotions. Let's take a closer look at the teaser SPY chart I posted above.
+
+https://preview.redd.it/h0ndq2a914061.png?width=1808&format=png&auto=webp&s=3fe30a5ad23952719c69c6634debe7fe8c0832af
+
+As you can see, the market has been repeatedly rejecting multiple new highs. This process was briefly interrupted by positive vaccine news. We breached a new high on Pfizer vaccine results, but even that new high was instantly rejected and resulted in a sudden reversal selloff. The Moderna vaccine news created another short rally, lower than the Pfizer high, and that too was followed by a selloff. **In other words, the market is continually rejecting current market valuations.** As they should be, if you were following the point above. We are running on vaccine news fumes, and those will not last long. If you develop an instinct for these things, you can almost feel it in your gut: The market WANTS to head down.
+
+If this isn't the top, it is close to it. $366.77 will very likely be the high for SPY for the year, and will soon unwind downwards.
+
+# Premise 3: The Fed CANNOT Print Money
+
+I know this will come as a shock to most of you idiots but the fucking money printer does NOT GO BRRRRR.
+
+The Fed has to follow the laws that govern it's actions. The Fed does not have the legal authority to simply print cash and hand it out. Go ahead and read the Federal Reserve Act, and take a look at the Fed's actions, for proof of this. It doesn't even have the authority to print cash to buy corporate bonds or anything else.
+
+What the Fed "prints" is called "reserves."
+
+[ Source: https:\/\/www.stlouisfed.org\/open-vault\/2019\/august\/open-market-operations-monetary-policy-tools-explained](https://preview.redd.it/8ibo0kud14061.png?width=900&format=png&auto=webp&s=626a1464cd76296ee9d435a5c69f182e4286f9d6)
+
+So what, you say? So everything. The key point about reserves is that they cannot be spent like cash can. When a bank gets reserve funds in its reserve account at the Fed, it CANNOT SPEND that money. All the bank can do is use that account as collateral to lend against. Which means **if the banks are not lending, those QE funds are NOT entering the economy.** They might as well not exist. And banks are not lending, as we will see below.
+
+This is the counter argument to all the ignorant retail traders who will argue that the Fed is "backstopping" stocks, or that the Fed will not "allow" the market to crash. The Fed has no power to print money, and therefore no power to buy stocks, and therefore no power to prevent a crash. The Fed's power is illusory, but enough people buy the illusion to make it effective. That won't last forever.
+
+Just think about it. If Fed actions and QE really made stocks rally the way people claim it does, why isn't the Japan Nikkei constantly breaking new all time highs???
+
+# Premise 4: Quantitative Easing is Deflationary
+
+Quantitative Easing is not Cash. In fact, QE is deflationary.
+
+Here is how QE works, in a nutshell. The Fed buys bonds from the big banks. Except the Fed isn't buying them with cash. In exchange for the bonds, the Fed puts funds in a reserve account held by the bank. These reserve funds CANNOT BE TOUCHED by the banks. All the banks can do is use this account as collateral to lend against.
+
+In fact, it's worse than that. Because the Fed is removing assets from the open market, and not paying cash for them. It is purchasing liquid assets with illiquid reserves. Despite all the Fed's talk about "creating liquidity," what the Fed is actually doing is REMOVING liquidity from the system!
+
+Why would they do this? Answer: To lower interest rates. Don't take my word for it, the Fed explains this itself!
+
+[ Source: https:\/\/www.stlouisfed.org\/open-vault\/2019\/august\/open-market-operations-monetary-policy-tools-explained ](https://preview.redd.it/bzl5jfpf14061.png?width=1280&format=png&auto=webp&s=b4c96c8e3b741867281f43b5472c634c85cba5bf)
+
+See, the Fed has to follow the laws that govern its actions. Despite what the public believes, the Fed does not have the legal authority to simply print money and hand it out. The Fed knows that the true source of inflation in a debt-based economy is through **credit expansion.** So the Fed does everything it can to reduce interest rates, both by setting reserve rates near zero and by using QE to drive rates down further.
+
+Only when credit expansion revives will we begin to see inflation and a true recovery. The Fed knows their hands are tied, which is why they keep hammering Congress to pass more stimulus.
+
+Perhaps the greatest strength of the Fed is in "forward guidance." The Fed simply uses words to convince the public that money is being printed, that inflation is coming, so that people go out and spend and buy assets. They are playing a trick on the public, and the trick is working. People actually believe inflation is coming, that stocks are being held up by the Fed, that money is pouring into the system. The public is wrong on every count.
+
+The Fed is trying to contract credit markets in order to lower interest rates in order to eventually spur lending in order to eventually create inflation. But in the meantime, QE is deflationary. As stated above, if reserve funds are not being lent out by the banks, they do not enter the economy, and thus QE serves a deflationary role. Let's take a look at the next premise, that banks are contracting the credit markets.
+
+# Premise 5: Credit Markets are Contracting
+
+The question of whether banks are lending or not with their QE reserves is simply a matter of looking at the data. Practically every data source we can point to suggests contracting credit conditions. This means QE reserves are not entering the economy, and therefore are not producing inflation nor holding up stocks.
+
+**The SLOOS data from the Fed, Oct. 2020:**
+
+[Source: https:\/\/www.federalreserve.gov\/data\/sloos\/sloos-202010-table-1.htm](https://preview.redd.it/pt6xz8wg14061.png?width=772&format=png&auto=webp&s=4de834db13e36878f58154dbe44010b2777743b0)
+
+Real Estate lending is booming, you say? Not so....
+
+**Banks Lending is TIGHTENING:**
+
+[Source: https:\/\/www.federalreserve.gov\/data\/documents\/sloos-202010-charts.pdf](https://preview.redd.it/95wkopaj14061.png?width=927&format=png&auto=webp&s=fb6dcc0329897ca807477b5506786e5edba4b70e)
+
+Note: The decline near the end doesn't represent growth in credit, but represents a reduction in the RATE of tightening.
+
+**Consumer Demand for Loans is SHRINKING:**
+
+[Source: https:\/\/www.federalreserve.gov\/data\/documents\/sloos-202010-charts.pdf](https://preview.redd.it/6d29h9dk14061.png?width=935&format=png&auto=webp&s=73842070279db79f47a95b1d5c5b1eaeaef08498)
+
+**Even Credit Card debt growth is negative!**
+
+https://preview.redd.it/73j9n0fl14061.png?width=1585&format=png&auto=webp&s=6328ef22e4a84f0a32b419c35eeacc5238911d24
+
+# Premise 6: Banks are Loading Up on Safe Bonds While Retail Loads Up on Stocks
+
+If you are like me, you look forward to the H.8 data every Friday from the Fed (yeah right haha). A continuing trend in that data, month after month after month, is that major banks in the US have been loading up on bonds with no end in sight. They are piling more and more cash into safe assets, now up to a whopping $4.6 TRILLION in securities.
+
+[Source: https:\/\/www.federalreserve.gov\/releases\/h8\/current\/default.htm](https://preview.redd.it/tn38ss3p14061.png?width=1219&format=png&auto=webp&s=7dc1c06695685a883599315abc9e36047128e687)
+
+Meanwhile, retail traders (that means you) keep piling into stocks at all time highs. A record amount of cash was dumped into the market after the vaccine news breaks. I'm just gonna go ahead and call it now. This is the top.
+
+[Source: https:\/\/www.bloomberg.com\/news\/articles\/2020-11-13\/stock-funds-get-record-44-5-billion-inflows-on-vaccine-optimism](https://preview.redd.it/xogj0z2q14061.png?width=1314&format=png&auto=webp&s=c466b29277d6f047781fd9156bd476b3b1c011f1)
+
+# Premise 7: Unemployment is Still Sky High
+
+I bring this up just to reiterate another real-world metric that is gloomy as fuck and yet completely ignored from market valuations. Why are stocks breaking all-time highs when we still have MILLIONS more unemployed than we did this time last year? Hello McFly?
+
+https://preview.redd.it/jda435zq14061.png?width=1164&format=png&auto=webp&s=3929064c0e9d6ae120201ad4295e02cca2bdcf45
+
+# Conclusion:
+
+**Shit's fucked up son.** Real world economy is still in shambles. Market is more overvalued than it was during the DotCom boom. Still millions unemployed. The market is topping off and rejecting highs again and again. The Fed is not printing money and not backstopping assets, despite claims to the contrary. We are heading down, folks!
+
+**Positions:**
+
+**SPY 350p 12/18**
+
+**VXX 22c 12/18**
+
+Also anything else that strikes your fancy. IWM, GLD, SLV puts are all fine (dollar is going to rise). Longer dated TLT calls will print as well due to QE reducing bond yields, eventually. Go longer or shorted dated depending on personal risk tolerance.
+
+**Timing can be difficult. My strategy is to periodically enter bearish positions when short-term indicators look good, and hope to eventually time the major dump. If things begin to stabilize short-term I exit the position quickly with a small gain or, rarely, a small loss.**
+
+See: [https://www.reddit.com/r/wallstreetbets/comments/jkm5jq/the\_bears\_arent\_done\_folks\_these\_diamond\_hands/](https://www.reddit.com/r/wallstreetbets/comments/jkm5jq/the_bears_arent_done_folks_these_diamond_hands/)
+30yr F. I put myself through nursing school (my second degree), both paid for in cash and have been a Nurse for two years now. I have barely six figures in savings (large majority in retirement). Ive never had any debt and my goal is to be financially independent by 35. Its really just an arbitrary number at this point but Ill explain.
+
+Paying cash for both degrees was because I never even saw loans as an option I would accept. And I worked my fucking ass off to do it. I live off of $24k a year and the rest is in investments. In May of this year I quit my full time critical care, HIGH STRESS but high paying job. I landed a part time position at my previous employer but took a massive pay cut to do it. But still make more than enough. 
+
+This year has destroyed me. Emotionally and mentally. Im just so fucking done. My plan was to just "tough it out" at the hospital for a few more years (the high stress job I quit) because the money was good. But your girl is tired! Ive worked so hard to put myself in the situation that Im in. Being able to tell the job I hate to fuck off because I can was the most powerful feeling in the world. 
+
+Now, Im living a much more manageable lifestyle (stress wise) but the money will not get me to FIRE by 35. Part of me thinks that I deserve to lay low right now, I earned it. The other part of me hates myself because Im just being a princess and not wanting to bust my ass anymore. But isnt that what FIRE is all about as well? 
+
+Ive seen some seriously fucked up shit in the hospital. And every time I did it would make me want to quit even more. Not because I couldnt "handle" it but because I knew I didnt need the money so why was I even working a job I fucking hate when Im not even guaranteed tomorrow. 
+
+I seriously thought nursing would help my FIRE but now I just want to live my life how I want NOW. And not in however long it takes me to get there. 
+
+Please help...
+In my experience, Active Learning is a cornerstone to successful trading but I have found that most people are embarrassed to "look dumb" by asking questions that may or may not be simple. I fundamentally can not believe 1 investor/trader knows everything and have yet to come across someone who does.Why is that?Because the rules and market correlations constantly change.There is no place for pride in your portfolio when you are learning.Ask questions.Learn more.Earn More.
+
+Happy to answer any questions I can both Technical or Fundamental based :)  
+
+
+Figured this would be useful for those of you looking for tools to add to your toolbox [https://youtu.be/DsUYgIEEZss](https://youtu.be/DsUYgIEEZss)
+Alright, so I'm sure many of you may have u/dlauer's [tweet](https://nitter.net/dlauer/status/1523747775581933568?s=21) the other day about the UST $1 stablecoin losing its peg and falling, at one point, to as low as 60 cents. It is still well below its peg, and had temporarily recovered into the 90s before dropping to the 60s once again. It currently sits at about 80. (Edit: lol I wrote this right before it crashed into the 30s overnight.) Well I, of course, immediately wondered if this was related to GME. Spoiler alert: signs point to yes.
+
+[UST chart](https://coinmarketcap.com/currencies/terrausd/). Please take a look at the all time chart. You can [see the sneeze](https://i.imgur.com/7Hjn3pp.png). In a stablecoin. What even.
+
+For reference, compare it to another USD stablecoin, like [USDC](https://coinmarketcap.com/currencies/usd-coin/) which had no reaction at all to the sneeze. In fact, as far as I can see, *no other USD stablecoin had any reaction to the sneeze*, including USDT, Tether, the sketchiest of all. There are quite a few USD coins and I can only inspect so many, but dozens of the largest market cap coins showed nothing, besides UST. If you want to look yourself you can find a list [here](https://coinmarketcap.com/view/stablecoin/).
+
+But these aren't the only times this coin has lost its peg, it's been lost by more than 1% (1 penny) on 5 occasions. The list of dates is eye-popping:
+
+* 12/29/20 (down)
+* 1/10/21 (up)
+* **1/27/21-2/2/21** (up, and remained elevated for several more days afterward but not quite at 1%)
+* 5/19/21-5/24/21 (down, deepest dip on 5/22 immediately at the start of GME's June runup to 300)
+* 5/9/22-5/11/22 (down, by far the farthest off peg it's ever been)
+
+But wait, there's more. Because there aren't just anomalies in the price chart, there are anomalies in the volume chart too. Aside from the this new fiasco, the biggest volume candle UST ever had was on...
+
+* 1/27/22
+
+As in, the anniversary of the sneeze. To the day. 1/27/22, like most days for a stablecoin, saw no price action, yet somehow it had vastly more volume than the previous times UST had unpegged. And there was above normal volume for several days leading up to it too.
+
+Ooookkkkk.....
+
+I know only the basics of crypto, and even less about stablecoins (beyond this [excellent DD on Tether](https://www.reddit.com/r/Superstonk/comments/qr7cow/tether_the_nuclear_bomb_that_hides_the_chinese/)), but this certainly warrants further research by crypto apes.
+
+On 5/9/22 at 8:43 AM, CNBC published [this article](https://www.cnbc.com/2022/05/09/what-is-terrausd-ust-and-how-does-it-affect-bitcoin.html). In it, they fret about what would happen if UST lost peg and what it would mean for 🅱TC. Why don't we take a look at what was going on [in the chart at that time](https://i.imgur.com/kvCFk7K.png)? Now this part is pure speculation, but what if they knew that the peg would be lost in a big way several hours later, and wanted to get in front of it and create the narrative of "It's nebulous crypto stuff like 🅱TC, ignore it," since this would be better than people asking why this coin has so many curious coincidences with GME.
+
+So yeah. I decided to look into this on a total whim and found way more than I ever imagined. Someone please help.
+
+Edit: [Here's a guy on twitter who claims to know what happened.](https://nitter.net/OnChainWizard/status/1524123935570382851#m) Take it for what it's worth.
+
+Edit 2: bonus fact courtesy of u/1800smellya: Did you know that 🅱TC's highest volume day ever, by a long shot, was 2/25/21? What was going on that day? Probably nothing.
+
+Edit 3: Here's a [more in-depth account of what allegedly happened](https://0xfoobar.substack.com/p/partially-collateralized-algostables?s=r). This has now murdered the corresponding LUNA token, which has essentially gone to zero. UST will likely be next.
+
+We are going to do worst then what was initial estimate of almost zero growth. 
+
+This is a substantial hit and worst affected sector will be consumer discretionary and financials. 
+
+[Link](http://Nomura cuts India's FY21 GDP forecast to -5.2% from -0.4% earlier
+
+https://www.cnbctv18.com/economy/nomura-cuts-india-fy21-gdp-forecast-to-52-from-04-earlier-5885661.htm)
+Got an SMS from digiBank informing that it has updated rates and charges and left a link - http://go.dbs.com/ratesfees
+
+To my surprise  it had introduced monthly average balance of 5000. The interest rate for under 1.5L has also dropped to 3.5%
+
+Started as truly digital, zero balance savings account scheme that offered 7% P. A., digiBank today has become no different than any other bank,  pestering you for their Mutual Funds offering and FD that offers 4.5%. Even their group health insurance offering is worse than what Royal Sundaram offers if you buy directly.
+
+It seems like they charge you for account closure but haven't mentioned the charges on the site.
+
+Is digiBank still worth it?
+For eg as we saw in a post few days ago, there are still some people who have held on to Yes Bank, Tata motors etc even though these stocks have taken a beating.
+I'd like to make the case for "fun money" as a budgetary line-item, rather than relegating it to "whatever's left over." Many folks here probably do that already, but it's not as common as I expected. We have a lot of discussion in the daily threads about guilty pleasures, purchases that are/aren't worth it, the value of vacations, and so forth.
+
+I grew up, "we can definitely buy food but we if the car breaks again we'll lose the house," lower-middle class. For my early adult years, I experienced intense guilt whenever I made any kind of purchase. Surprisingly, this didn't go away once I broke into earning six figures. Non-stop buyers' remorse, even over good purchases. The guilt of a $30 brunch negated any enjoyment of such a luxury.
+
+**Eventually, I created a checking account exclusively for guilt-free spending.** Every paycheck, I automatically put $X into it. When I got raises, I would funnel 80% of the raise into savings/investment accounts and 20% into the lifestyle/fun-money account. Managed lifestyle creep.
+
+Now, I feel zero guilt when I buy things from that account. It's factored into my FIRE plan, after all. It's part of the budget, just like vanguard, just like monthly bills. Fancy cocktails? Zero guilt. New phone? Gravy. All-inclusive vacation with my wife? If the account stays > $0, we could afford it.
+
+If you find your enjoyment of purchases diminished because you question whether or not you should have saved that money instead, I'd encourage you to try this method. You will spend exactly as much as you are comfortable spending and you'll enjoy the results more as well.
+2 years ago I [posted here](https://www.reddit.com/r/financialindependence/comments/b33onf/i_made_150000_on_the_side_last_year_should_i_quit/) looking for advice on whether I should quit my day job and go full time in my side business or stick it out at the day job for as long as possible.
+
+Ultimately I decided to stay at my day job and continue to work my side business in my spare time.
+
+This week I hit the long awaited 7-figure net worth, becoming a debt-free “millionaire”.
+
+Here’s my story along with lessons learned along the way.
+
+**Current $1M Net Worth:**
+
+65% Investments (retirement + taxable)
+
+30% Property (includes house & car)
+
+5% Cash
+
+**Backstory:**
+
+I grew up in a lower middle-class family and lived in trailers most of my childhood. My mom was a single parent to 3 kids at one point, and we always lived paycheck to paycheck.
+
+I was 14 the first time I lived in an actual house when my family was forced to move in with my mom’s new boyfriend because our trailer got repossessed.
+
+The financial struggles I witnessed as a child definitely shaped the way I view money and debt as an adult, for better or worse.
+
+After high school I was so worried about debt that I attended the most affordable community college for my Associate’s. This was the only big thing my mom & step dad paid for ($10k) but I also benefited from them by living at home during those years.
+
+Around the time I finished my Associate’s I took out a car loan for a used Pontiac and took out a student loan to finish my Bachelor’s online. These loans totaled around $17k.
+
+**Career & Income:**
+
+I landed a part-time job at 19 in my career field that paid $16/hour. It absolutely killed me to have debt so I furiously paid my two loans off as quickly as possible after getting my job.
+
+My annual salary was less than $30k during my first 5 years. Entering my 6th year I became full-time which slightly increased my income.
+
+With my relatively low income from my day job I had a burning desire to earn more money so I spent most of my spare time learning about online business, cameras, and videography/editing.
+
+I spent my life savings on a refurbished MacBook to start learning Final Cut Pro. I had to split the transaction across my debit & credit card just to afford the laptop.
+
+I began posting videos online then eventually used my video skills to film weddings so for the past 7 years I’ve been working three jobs: full-time IT job, part-time YouTube, and part-time videography.
+
+**Estimated Gross Income:**
+
+2013: $42k
+
+2014: $73k
+
+2015: $118k
+
+2016: $140k
+
+2017: $135k
+
+2018: $223k
+
+2019: $237k
+
+2020: $251k
+
+**Savings & Investments**
+
+Luckily my day job came with pension and 401k. I started out by automatically contributing 5% to 401k.
+
+Once my self employment income started increasing my CPA suggested I start a SEP IRA which I did 5 years ago.
+
+Not too long after that I started maxing out my 401k at my day job. It was around that same time when I started investing into a taxable brokerage account (mostly boring index funds)
+
+Unfortunately all those years before that I was just saving cash because I didn’t know about investing and was scared to invest.
+
+I used the excuse of “saving for a house” which most of us are told to do by our parents and grandparents.
+
+I missed out on a TON of market gains by not investing sooner than I did.
+
+But in a way I don’t regret the path I took because I was able to meet my wife during that time, and we bought our starter home and paid it off in less than a year.
+
+Looking back it was pretty dumb to pay off the house that quickly when you consider the low interest rate + the stock market performance, but hindsight is always 20/20. Plus I was completely unprepared to be a long term investor (something that the pandemic market crash has turned me into a believer)
+
+Becoming (and staying) completely debt-free is a psychological thing to me. I always wanted to own my home so I could quit my day job anytime if I wanted to and be able to sleep at night knowing I didn’t owe anything to anyone.
+
+I also splurged and paid cash for my dream car which was probably another mistake on paper, but I also looked at it as an investment of sorts and do plan to keep it 10+ years.
+
+Again, being debt-free is probably an irrational "mindset" that is burned into my brain from my childhood.
+
+**Looking Ahead:**
+
+Currently my wife and I are debt-free with 7-figures net worth. She quit her day job last year and is working from home as a part time freelancer. We have no kids but plan to try this year.
+
+I plan to keep this setup as long as possible and maximize my income and retirement accounts. I hope to FIRE before 40 with $2M NW.
+
+My next big goal is to be debt-free with $1M invested. I’m aiming to hit that within 2 years.
+
+I feel like being debt-free (including house) with $1M invested is the ultimate life changer for anyone looking to FIRE. I can’t wait to see what that feels like.
+
+**Lessons Learned:**
+
+The basics of becoming a millionaire are simple, but not easy:
+
+1. Maximize income
+2. Minimize expenses
+3. Invest the difference
+4. Wait
+
+Building a side business has been the absolute best thing I’ve ever done to increase my net worth.
+
+Don’t try to be a millionaire overnight. Be consistent. Find your strengths and build a valuable skillset to see if there are viable business opportunities that can benefit from them.
+
+My “success” so far has been a result of these practical steps
+
+* Craft a set of valuable skills
+* Work hard in your spare time to create extra income
+* Save as much income as possible before spending
+* Invest early & regularly
+
+Not having kids has been one of the advantages for me to work so much in my spare time. But that doesn’t mean it’s the “right” way.
+
+A part of me is actually envious of people who had kids earlier in their 20’s because they are still young and have more energy as the kids get older, compared to someone in their 30’s or 40’s.
+
+Also, not rushing into marriage was something that I take for granted. I waited patiently and met my wife in my mid 20’s. Waiting for the right partner makes a huge impact on your NW and FIRE journey.
+
+The reason I work so hard is so I can reach financial independence as soon as possible and quit working at any minute. The irony is that I don’t think I’ll ever stop “working”.
+
+I tried to explain to my wife that Financial Independence is when you can choose to never work again, while you live off of your assets, but it doesn’t mean you HAVE to stop working. It’s more about the FREEDOM to do whatever you want with your time. I don’t want to wait until I’m 60 to have that freedom.
+
+Set realistic short-term goals that you can easily track. Keep It Simple, Stupid. I regularly tell myself this phrase. Simplicity is underrated. If you want to lose weight, it’s simple: move more, eat less. The same applies to net worth: make more, spend less, and invest.
+
+Have an “abundance” mindset. There’s an abundance of opportunities, once you start looking. There’s an abundance of people you can meet to increase your worth, once you get out of your comfort zone. There’s an abundance of time, once you start being intentional with your hours.
+
+You still need to sacrifice. Instant gratification is your biggest enemy. Being able to wait years for results is unfathomable to the average person. Not bingeing the latest TV show is hard. Stoicism is a great way to stave off instant gratification & learn self discipline.
+
+Have a routine. Building productive habits that allow you to get into deep focused work is an invaluable tool.
+
+Live below your means as much as possible, but spend lavishly on things you deeply care about. I bought a modest house 5 years ago for under $200,000. The main reason I bought it? So I could have a garage for my $50,000 Tesla.
+
+Life is short. Don’t let money run it. My wife & I decided we love to grow our own veggies & herbs to save money on groceries. But we will gladly spend thousands on a trip to Switzerland, Italy, and Scotland. Find what's important to you and don't feel ashamed about it.
+
+Time and health are your most valuable assets in life. It’s okay to be selfish with these two things.
+
+Finally, there's no absolute right way to go about becoming a millionaire. Like with all things in life, it's the journey that you'll remember.
+Like the title says, I am trying to buy a franchise and I was introduced to HomeVestors. I have been speaking with a franchise broker and I am pretty close to signing a franchise agreement. I would like some advice from anyone who is part of this franchise. Is it worth it, is it a solid path to financial freedom?
+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!!
+"Indeed, China has predicated its very claim of being the healthiest large economy in the world on faulty statistics. The government insists that even though China's all-important export sector has been devastated -- contracting about 25 percent in the past year -- a massive uptick in domestic consumption has kept factories producing and growth churning along. A close examination of retail sales and GDP growth, however, tells a different story. China's domestic retail sales have risen about 15 percent year on year, but that does not really translate into Chinese consumers purchasing 15 percent more televisions and T-shirts. The country tabulates sales when a factory ships units to a retailer, meaning China includes unused or warehoused inventory in its consumption data. There is ample evidence that state-owned enterprises buy goods from one another, simply shifting products back and forth, and that those transactions count as retail sales in national statistics."
+
+**Reddit has issues with the link, so click here instead: [http://www.foreignpolicy.com/articles/2009/09/03/how_china_cooks_its_books](http://www.foreignpolicy.com/articles/2009/09/03/how_china_cooks_its_books)**
+Do you apes realize just how much this will blow up? Let me explain. The first pop in January, MACD crossed with 190 million-ish volume, lots of apes buying in. Stock fell to 40 then MACD crossed again and popped in March with a volume of about 100 million, then was followed by 30-60million volume until we consolidated to where the stock price is today. The volume is now at 8 million today, 6 million on average the past couple weeks. Now the MACD is looking like it is starting to cross. At 6 million volume, no one selling, imagine just how fast this thing can rally up when the short hedgies can't find anymore stock to buy. The stock price will gap up, and fast! The shorts must cover. I can't believe I'm living through history. Hodling for my family of apes. Love y'all see you on the moon🚀🚀🚀
+
+Edit: I'M JACKED TO THY TIDDIES🎩
+
+Not financial advice, not a financial advisor, this is my own opinion and I just like the stock, POWER TO THE PLAYERS!!!! Brrrrrrrrrrrrrr🦍
+Today, I came across this article on [emerging virtual lands](https://cryptosnewz.com/the-emerging-real-estate-market-virtual-land/) and I was thinking about when the NFT craze began earlier this year. I figured it was only non-techies who were interested in the new CryptoKitties. Recently, however, even my pals have been discussing NFTs and the recent metaverse projects. At that time, I was curious if I'm misinterpreting NFTs or if NFT holders are misinterpreting them.
+
+That was back then but today I am bullish on investing in virtual lands and am actually looking for a prospective project where I can buy land. My main bets have always been either Sandbox or Decentraland but both of them are kind of expensive so I had to find some alternatives and today, I came across Bit.country and DEA which houses blockchain games which could potentially be good alternatives.  
+
+While people do say negative stuff about NFTs and/or Metaverse projects, In my opinion, other applications of NFTs are still beneficial. Permanent ownership of video game content is one use-case that I'm particularly thrilled about. People frequently invest a significant amount of time or money in a video game before moving on to another. My in-game currency, characters, and things might be moved to another game or sold to other players if they were on the blockchain.
+
+Well what are your thoughts?
+My wife and I expect that some time, a ways down the road, we'll be subject to estate tax, so we've been maxing out the annual gift tax exemption for our kids (now 4 and 7) since they were born. To date, we've just done this with 529s, but the 529s are starting to get big enough where it doesn't necessarily make sense to continue contributions.
+
+So, if continuing to contribute to 529s doesn't make sense, but we're still in a kind of default mindset of "well, we have a $60k annual exemption here, we should probably use it" (2 adults x 2 kids x $15k), what are the next things we should be looking at?
+
+And, yes, I know this is really a question for a qualified estate planner, but I've found the most effective way to work with many financial professionals is to first tap the reddit hive-mind for ideas.
+PREPARE TO READ ABOUT A PROJECT THAT WILL GIVE YOU UNFATHOMABLE GAINS - ALL YOU HAVE TO DO IS HODL.
+
+Kardiachain, the hybrid blockchain solution launched earlier this year. I was lucky to have found it early and rode good gains. Since then it has made a large retrace as most alts have. It is lying 230th on Coingeko with a ridiculous MC of £30M. So why is this a moonshot - buckle up, read this till the end, all the dots connect, Kardiachain will become mass adopted by millions.
+
+​
+
+1. ​
+
+* Kardiachain is government endorsed to be a digital payments system. Price Water House Cooper recognise Vietnam as one of the fastest growing economies in Asia and for the mobile payments sector. Kardiachain aims to make the millions of bankless citizens bankable with their mobile app. They have signed up with the three largest telecom companies in Vietnam to deliver DeFi products. Kai will become the Wechat/Alipay of the country [https://paypay.me/vietnam-mobile-payment-sings-grows-fast.html/#:\~:text=Currently%2C%20the%20five%20major%20mobile,between%2030%25%20and%2090%25](https://paypay.me/vietnam-mobile-payment-sings-grows-fast.html/#:~:text=Currently%2C%20the%20five%20major%20mobile,between%2030%25%20and%2090%25)
+
+​
+
+2) - Kardiachain is the first to agree to provide the national stable coin $VNDC. Also the government aims to have Vietnam as 100% digital payments ASAP. [https://kardiachain.medium.com/vndc-issues-vietnam-most-prominent-stablecoin-on-kardiachain-7047413c7209](https://kardiachain.medium.com/vndc-issues-vietnam-most-prominent-stablecoin-on-kardiachain-7047413c7209)
+
+​
+
+3) - Kardiachain has a patent for non invasive dual node technology. This alone is a game changer. This means $KAI can connect any blockchain. The amazing thing is they can do it without others knowing. As an example they piloted this using their KSML markup language with $NEO blockchain. They never told $NEO. After nearly a year of collecting data they showed $NEO the results. $NEO Promptly signed a partnership with Kardiachain. This has huge potential . Meaning chains that want to work together can do seamlessly using Kardiachain. [https://www.altcoinbuzz.io/cryptocurrency-news/partnerships/neo-ecoboost-partners-with-kardiachain/](https://www.altcoinbuzz.io/cryptocurrency-news/partnerships/neo-ecoboost-partners-with-kardiachain/)
+
+The Enterprise Ethereum Alliance just signed up aswell as others. There will be an avalanche of chains wanting to use $KAI. You know what that means - huge demand [https://kardiachain.medium.com/kardiachain-joins-forces-with-eea-to-help-foster-mass-blockchain-adoption-in-asia-f9029f8315e2](https://kardiachain.medium.com/kardiachain-joins-forces-with-eea-to-help-foster-mass-blockchain-adoption-in-asia-f9029f8315e2)
+
+15 New gensis validator partnerships are about to be announced due to the dual node technology. $THETA was announced just today as the first of a rapid series of coming announcements.
+
+​
+
+4) - Kardiachain is more than a payments solution. They are working towards creating an interoperable eco system chain that can connect numerous industries together including **Education, Job recruitment, Business, Banking, DeFi Services, Data management -** the use cases are endless. This is not some grandiose scheme. Plans are already underway to create the first smart city in Vietnam. [https://steemit.com/bitcoin/@tranhaison/kardiachain-builds-a-smart-city-with-the-blockchain-ecosystem](https://steemit.com/bitcoin/@tranhaison/kardiachain-builds-a-smart-city-with-the-blockchain-ecosystem)
+
+One of the first areas the project is expanding into is Esports and betting which is a Billion dollar industry in Vietnam alone. 
+
+[https://medium.com/kardiachain/kardiachain-is-expanding-into-e-sports-a-billion-dollar-industry-in-vietnam-3d606d8a3895](https://medium.com/kardiachain/kardiachain-is-expanding-into-e-sports-a-billion-dollar-industry-in-vietnam-3d606d8a3895)
+
+​
+
+5) - Numerous large billion dollar companies have signed up to use Kardiachain including
+
+Geleximo [https://medium.com/kardiachain/kardiachain-forms-a-strategic-business-partnership-with-geleximco-one-of-vietnams-most-powerful-7ac437097167](https://medium.com/kardiachain/kardiachain-forms-a-strategic-business-partnership-with-geleximco-one-of-vietnams-most-powerful-7ac437097167)
+
+LG Electronics [https://medium.com/kardiachain/kardiachain-forms-a-strategic-business-partnership-with-lg-cns-e6fabf677f4e](https://medium.com/kardiachain/kardiachain-forms-a-strategic-business-partnership-with-lg-cns-e6fabf677f4e)
+
+Coinplug [https://medium.com/kardiachain/kardiachain-coinplug-establish-mykeepin-decentralized-identity-alliance-9af12e9fb0ad](https://medium.com/kardiachain/kardiachain-coinplug-establish-mykeepin-decentralized-identity-alliance-9af12e9fb0ad)
+
+The three largest telecom companies in Vietnam [https://medium.com/kardiachain/kardiachain-capture-the-telecoms-market-by-adding-the-industries-three-largest-network-providers-6649a33027b0](https://medium.com/kardiachain/kardiachain-capture-the-telecoms-market-by-adding-the-industries-three-largest-network-providers-6649a33027b0)
+
+I could write so much more re partnerships, If you're interested you will DYOR
+
+​
+
+6) - The team - The tech team behind Kardiachain are ex Berkley Uni grads that went on to become lead technicians at Google. They gave all that up to start Kardiachain up. The advisory board is full of national officials. You know there will be no red tape with this steam rolling across Vietnam. [https://kardiachain.io/our-team/](https://kardiachain.io/our-team/)
+
+​
+
+7) - Kardiachain have always stated their plan is to create something amazing in Vietnam. Once they can show case Vietnam to neighbouring countries they expect to expand there. This can become a multi billion dollar organisation easily.
+
+​
+
+8) - The team have been creative in educating the population with Kardiachain. Every Vietnamese student has been given a Kai wallet under the student initiative. They can use their Kai to pay for things like taxis as Kai have teamed up with the largest Taxi Company in Vietnam. They have also teamed up with the biggest Youtube Media series in Vietnam that has millions of views . See these youtube links -
+
+Taxi education ad - [https://www.youtube.com/watch?v=0SynehhXGA4](https://www.youtube.com/watch?v=0SynehhXGA4)
+
+Product placement throughout Sugar Daddy (regular millions of vietnamese views ) [https://twitter.com/SeanMcDonnell5/status/1321058218328535042](https://twitter.com/SeanMcDonnell5/status/1321058218328535042)
+
+​
+
+9) - Vietnam is set for economic boom. The timing for Kardiachain is perfect. Vietnam along with 14 other countries have signed the biggest free trade deal in the world. There is massive investment coming to Vietnam. Also many of Japans large manufacturing plants are relocating to Vietnam. The countries GDP and digitalisation is ready for great growth. The stars are all aligning for this project.
+
+[https://www.lexology.com/library/detail.aspx?g=9b8c3696-7a69-46bc-b86c-603cebf16a32](https://www.lexology.com/library/detail.aspx?g=9b8c3696-7a69-46bc-b86c-603cebf16a32)
+
+[https://vietnamtimes.org.vn/15-japanese-enterprises-funded-to-shift-production-from-china-to-vietnam-22569.html](https://vietnamtimes.org.vn/15-japanese-enterprises-funded-to-shift-production-from-china-to-vietnam-22569.html)
+
+​
+
+10) - Ex KPMG Banking Manager leads the set up for an amazing staking opportunities via mainnet. Sustainable and highly lucrative with a new take on how interest is paid. Read this to find out more, its a winner - [https://www.canva.com/design/DAEKTuF1BM0/d7Pv0m4aOvs3PSo2CPQ9zg/view?utm\_content=DAEKTuF1BM0&utm\_campaign=designshare&utm\_medium=link&utm\_source=publishsharelink](https://www.canva.com/design/DAEKTuF1BM0/d7Pv0m4aOvs3PSo2CPQ9zg/view?utm_content=DAEKTuF1BM0&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink)
+
+​
+
+11) - I will leave you with the roadmap. Mainnet is launching within two weeks. I for one only hodl three tokens. They all for me have 3 essential ingredients - Addressing Real World Issues, Talented team with innovative technology, guaranteed mass adoption. $KAI is one of my three. You should consider it too before people realise what this will become. For me this is a buy and forget, a retirement pot. We are living in the digital gold rush. Don't waste this precious opportunity. PEACE AND FORTUNE TO YOU ALL.
+
+**Q4/2020**
+
+**Mainnet 1.0**
+
+* Open source code
+* Acquire network security certification
+* Announce predefined validators
+* Complete developer guide and API documentation
+* Launch KAI Master Wallet
+* Launch KAI Explorer
+
+**Q1/2021**
+
+**KAI Mainnet 1.x upgrade:**
+
+* Launch KAI Staker 1.0 for Single Nodes
+* Launch KAI Token Swap Bridge
+* Add Dual Node for a new blockchain platform
+* Initiate technical integration with crypto partners
+* Launch SDK for Smart Contract Development for supported use cases
+
+**Q2/2021**
+
+**KAI Mainnet 2.0**
+
+* Launch KAI Staker 2.0 for Dual Nodes
+* Launch KSML 0.1 with config template
+* Launch KTV-39 for token listing on KAI
+* Launch KTV-79 to support NFT feature on KAI
+
+**Q3–4/2021**
+
+**KAI Mainnet 2.x**
+
+* Launch KSML 1.0
+* Integrate to enterprises/governments hybrid/private networks
+* Add Dual Node for more blockchain platforms
+
+**KAI Membership**
+
+KAI Membership is the one-stop shop for new users coming to KardiaChain. Our MVP is launching October 2020 with the purpose of learning and optimising the infrastructure. Down the road we are looking at various features focusing on user experience and utilities.
+
+**Q4/2020**
+
+* Launch KAI Base
+
+User accounts and wallets interface
+
+* Launch KAI eVoucher
+
+Redeem and exchange vouchers from partners in the ecosystem
+
+* Launch KAI Gamification
+
+Fun way to obtain tokens and incentive normal users to engage with blockchain
+
+**Q1/2021**
+
+* Launch KAI DeFi Wealth Management features
+
+**Q2/2021**
+
+* Integrate Mobile banking
+* Achieve 2x growth KAI eVoucher
+
+**Q3–4/2021**
+
+* Initiate DID integration
+* Achieve 4x growth KAI eVoucher
+* Launch PoKAImon NFT Game
+
+**KAI ECOSYSTEM**
+
+KAI ecosystem is now seeing the growth and adoption of ideas outlined a few years ago. It is an environment where KAI holders enjoy and get experience with different KardiaChain services/ products such as KAIstarter, Youth Union App, KAI eSports Platform Official, etc. Here are details to provide:
+
+**Q4/2020**
+
+* Boost KAIStater: more partner projects listed on the platform
+
+Youtube Series
+
+Kardiachain Saigon FC Futsal
+
+Youtube MV
+
+KAI Talents
+
+KAI Yield Farming
+
+Limited Edition products
+
+* Enhance Youth Union App
+
+KAI Base integration
+
+KAI eVoucher integration
+
+**Q1/2021**
+
+* Launch official KAI eSports Platform
+* Enhance KAI DEX
+
+ETH, TRX, NEO pair in production
+
+* Enhance Youth Union App
+
+Enable template to scale to more regions and unions
+
+* Enhance KAI Starter
+
+Enable new project submission for review
+
+Community-driven framework to list projects
+
+**Q2/2021**
+
+* Enhance KAI DEX
+
+Add more pairs by community choice
+
+* Enhance KAI Starter
+
+Open API and SDK for project submission programmatically
+
+* Develop KAI NFTs
+
+Tokenization model for celebrities and sports
+
+**Q3-Q4/2021**
+
+* Launch KAI Donation Platform
+* Boost Youth Union App — DID integration
+This is a really absurd situation. In January, I received a letter from the Co-Operative Bank stating I had missed two payments on my career development loan (which I took out to pay for an MA degree) over the last 4 years and that if I didn't redress the balance, my loan would be transferred to a debt collector. I have no real memory of missing payments, but looking at the dates, they clearly happened just after I left university and was unemployed. So naturally I phoned the Co-Operative Bank immediately and paid off the £400. This was processed quickly, with no issues, and for the past 7 months I have been paying my usual amount off each month. In November I will make my final payment, completing the five year repayment plan.
+
+  
+
+Fast forward to two days ago. I checked my account and discovered £800 had been had been paid off my loan, bringing it from -£350 to £450 in credit. Initially I thought the bank had incorrectly charged me at some point and this was a reimbursement or something. However, when I phoned to inquire I was told the loan had been passed onto a debt collector. Dumbfounded, I explained the situation. Half an hour later, I was told that nobody on any team could figure out why this had happened, and that it was clearly an accident. As it stands, I am being told that there is no way to reverse this. I phoned again tonight, and a manager left me a note saying that doing this was their right.
+
+  
+
+Am I wrong to think something about this is fucked up? What should I do next?
+We discuss hedging on here often; however, I am wondering how many people consider a scenario like the 1987 Black Monday crash in their hedging strategies.  The S&P 500 dropped approximately 20.4% in a single day (the DJIA fell more).  We have the broader market circuit breakers now (7% and 13% temp halts and 20% day halt), but a daily drop of similar magnitude is still possible.    
+
+I like to take some "credit" for my own ability to manage my positions/de-risk during a pullback.  While this may be possible for a 2008 or even a 2020 crash, a one-day flash crash may be much harder to manage.  
+
+TDA stress tests portfolios to an SPX beta-weighted 20% single day drop.  My own quick stress test in ToS for a 20% single day drop is, let's just say, pretty catastrophic.  I normally keep long UVXY calls for volatility hedges, which would work great if we see 70+ VIX again.  Since VIX wasn't yet launched, they do retroactive hypothetical calculations based on options prices and estimate a VIX closing price of 150.19 on Black Monday.  Perhaps vol hedges are enough?      
+  
+**TL;DR: Do you consider a Black Monday 1987 type crash (20+% single day drop) a plausible scenario?  Do you actively hedge for this, and if so, what are your techniques?**
+I sold an 800/780 Put Credit Spread on TSLA that expires this week...ya'know, because I scooped my brain out and replaced it with salad dressing. Plus it was a risk of $10 for a gain of $1990...figured it was worth it.
+
+The 800 Short Put was exercised yesterday, so this morning I wake up  to 100 TSLA shares. Now I'm forced to exercise the 780 Long Put, unless I want to replace the salad dressing in my brain with gasoline...I don't.
+
+No, I didn't take a loss of $2000...I think it's something like difference in stock price minus credit received...not sure if it's the initial $10 loss, but my account hasn't been hurt from this exercise & assignment...just a flesh wound.
+
+But not going to do this again now that I see how easily it can turn against you. However, I wonder if some insider exercised my short leg...and I wonder why.
+Hello r/personalfinance,
+
+I would like to share with you a scam that my roommate almost got himself into, until I talked him out of it and read the email exchange. My roommate is planning on subletting his apartment for the summer, and posted an ad on Craigslist. He got a response the same day from a "girl" from Switzerland. The girl asked him to immediately remove the listing so that he was committed to the deal. She told him she was willing to pay any price, and move in/out on any day. The only caveat, however, was that she would have her boss send him a check for more than the amount for rent and utilities for the entire summer, and then he would send back the remainder. On top of this, she needed the remaining money so she could book her flight over here. This meant he would need to send the money back soon, before he could really check to see if the check clears. She also told him to take as much as he needed, with no real set price, and this was before seeing any pictures of the apartment.
+
+He thought this sounded totally reasonable, and was about to do it, before I warned him not to and to look into it some more. I knew from reading on this subreddit, that many scams involve sending a check to a person, then having the person send money back before the check completely clears, so thank you r/personalfinance! I am almost positive this is a scam, and wanted to thank you guys, and watch out for this kind of scam for yourselves!
+
+Going over Bonds with Apes to educate and point out major **liquidity issues** I see in the Fixed Income Market.
+
+Hello Apes… My beautiful Apes and Appettes of the world… I wanted to do some digging on the US Bond market. I believe there will be major issues in the fixed income space that are not being properly addressed.
+
+1. How buying and selling a bond is very different to a stock?
+2. How big is this issue?
+3. What does this have to do with GME and my computerstonky donk?
+
+SIFMA, is a fixed income research shop that has information on the bond market. [https://www.sifma.org/resources/research/us-fixed-income-securities-statistics/](https://www.sifma.org/resources/research/us-fixed-income-securities-statistics/)
+
+1. How buying and selling a bond is very different to a stock?
+
+The bond market has **Always** been less transparent than the stock market. For example, when a broker sold a bond they would add a 2.50$ “markup” to each bond on the buy, and each bond on the sell. A $5 round trip (per bond) to go in and out or make a swap. As such, this was always a lucrative business for Wall St and remained more under the radar.
+
+[http://news.morningstar.com/classroom2/course.asp?docId=5383&page=5#:\~:text=Markups%20are%20usually%20from%20about,a%20small%2C%20additional%20flat%20fee](http://news.morningstar.com/classroom2/course.asp?docId=5383&page=5#:~:text=Markups%20are%20usually%20from%20about,a%20small%2C%20additional%20flat%20fee).
+
+**The difference between a bond and a stock is liquidity - there is ALWAYS a buyer for your stock - but for your bond, you need to actually find a buyer.** The difference is that stocks have small spreads, like 1-20 cents, whereas bonds have much bigger spreads. (The spread is the difference between the bid and the ask).
+
+Let's take a look at one of my Favorites, **The Evergrande March 2022 bonds.**
+
+[https:\/\/www.bondsupermart.com\/bsm\/bond-factsheet\/XS1580431143](https://preview.redd.it/jxmxik1ogmc81.png?width=1252&format=png&auto=webp&s=8c50c437be6b93c6881028ab3fe18feed0b4ef3c)
+
+Above we have an Evergrande Corporate bond, that pays 8.250% annually, and matures on the 23rd of March 2022.
+
+Above, you can see the **ASK** is 18.5cents. And the **BID** is 11.5cents. This means the spread on the bond is about 7cents. \*7 cents is $70 per bond
+
+Bonds are issued in values of $1000, so a bond trading at 18.5 cents, is $185 a bond. These evergrande bond’s were originally sold with the promise to buy back on the 23rd of March, 2022 at $1000 per bond.
+
+The bag holders (looking at you large U.S Financial Institutions) are asking 18.5 cents per bond, but the buyer is only willing to pay 11.5 cents. If you check this daily there will be no movement or sale until the seller agrees to the price.
+
+This Evergrande Bond is illiquid, and if you buy it today, and Evergrande does not go bankrupt by March 23rd of 2022 (Less than 3 months), you will make over 3500% on the bond. This is their most Senior Debt and with that type of Yield to Maturity, it looks like Evergrande is 100 pct going out of business.
+
+I do believe that the Chinese played U.S financial firms, by selling them these “High Yield Junk Bonds” that are basically worthless.
+
+An older reddit post showed some of the Evergrande bond holds, everyone owns them. See link below and keep in mind the data is older.
+
+[https://www.reddit.com/r/Superstonk/comments/pt57ol/who\_are\_evergrandes\_bond\_holders\_here\_are\_the/](https://www.reddit.com/r/Superstonk/comments/pt57ol/who_are_evergrandes_bond_holders_here_are_the/)
+
+**The point with all of this is that this bond is illiquid - the sellers won't accept less than 18.5 cents, and the buyers won't offer more than 11.5 cents - this bond won't sell unless the seller lowers their price. 11.5 cents is about 30% cheaper than 185 cents.**
+
+2. How big is this issue?
+
+It's about $51 trillion big…If you include all the debt in the public markets in the U.S it is about $51 trillion…
+
+[SIFMA](https://preview.redd.it/do2wxd4tgmc81.png?width=914&format=png&auto=webp&s=085257fd7ce549c014abc761a2c17d8ee5056ce2)
+
+[SIFMA](https://preview.redd.it/izudbt0xgmc81.png?width=1138&format=png&auto=webp&s=977a24ae2bb65a4a962a7b43179a1579997f522f)
+
+The chart above is the latest I could find which shows how much Debt these crazy fools have been racking up. Last year,
+
+Interest Rates have fallen since the 80’s…..
+
+[When interest rates go down, the price of bonds increases, and bonds have rallied since the 80’s. Over 40 years! And now, the FED, wants to raise rates because inflation is crazy. ](https://preview.redd.it/vmnsjjt2hmc81.png?width=1230&format=png&auto=webp&s=7c989935e4fef12d4bd536aa05c0e0d4bcef7858)
+
+[Looking at treasuries for 2021, they all lost money \(Except the TIPS bond which is not sustainable\). 2, 5, 10 and 30 year bonds all lost money. And the further out you go, the more you lose. ](https://preview.redd.it/gdierkb9hmc81.png?width=1308&format=png&auto=webp&s=31d98097f24206c11c9435c730dd8e59980e424a)
+
+The chart on the right shows the impact of a 1% rise in interest rates. A 1% rise in rates will push the 30 year bond down 18%. So a retail client with $1million in the 30 year bond, would lose $180k, every time rates go up 1 pct. Rates go up 5% and the 30 year bond is almost worthless.
+
+So how many treasuries does the FED own?
+
+[The Taper, is when the FED stops buying these Treasuries.](https://preview.redd.it/luah59hdhmc81.png?width=1284&format=png&auto=webp&s=42b0af45cd2b475f4d699cec5d886df196df186a)
+
+The FED owns $5.5 Trillion of these Treasuries that pay a whoping 1.85 percent.
+
+According to the interest rate changes published by J.P Morgan Guide to the Markets, the FED stands to lose probably more than anyone… When these rates rise, the FED is going to get whacked. In addition, who is going to buy these bonds?
+
+(If anyone knows how, a fun analysis would be to break down the maturities of the treasuries that the FED owns, and actually map out losses of their pf against a 1, 2 and 3% rise in rates.
+
+[Inflation was reported at 6.9% \(Nice\) in November of 2021. ](https://preview.redd.it/a4hpgypnhmc81.png?width=1330&format=png&auto=webp&s=2b05196cb8c9901fa4bdf6208be850a3d5abc2e7)
+
+[Nice... ](https://preview.redd.it/c009xkkuhmc81.png?width=310&format=png&auto=webp&s=5b7eaae2708158bfe769bd10c1c8471fae7f5b8f)
+
+Why do I want to tie my money up with the U.S Government for ten years, to lose 4% to inflation, and that's with no rate hikes. (Some people will say its Transitory, I say it's here and real)
+
+This was a quick overview of Treasuries. The only way the FED can print more money is to keep buying these Treasuries and Agency Securities (Even the FED doesn't want to hold this garbage).
+
+[Sounds like a good deal... ](https://preview.redd.it/ora6s3byhmc81.png?width=842&format=png&auto=webp&s=bdcffe294cb9200d2421c1034dbad51dd47617e1)
+
+[RATE HIKES ARE COMING!](https://preview.redd.it/ue97wrd2imc81.png?width=1302&format=png&auto=webp&s=1933d99427e9935310bcd5f1c4f8dbd3a5c112ff)
+
+[Flat Yield Curve... \(thats a juxtaposition if I ever saw one\)](https://preview.redd.it/l57k4bp6imc81.png?width=1266&format=png&auto=webp&s=3f23522ead1cea07c3e89e8e7dd1db18e6acee3f)
+
+The **YIELD CURVE** shows how interest rates and maturities correlate. The purple line is 2020, as you can see rates have dropped since 2013 and the curve is more flat - You make 1.19% if you hold the 30 year bond, .96% on the ten year bond, and so on. Is it really worth holding these 30 year bonds for a 2% coupon payment, and fluctuations of 18% every time rates move 1 percent. MOST people would rather be on the “short” (closer maturities) part of the curve - Now do you guys see why Burry is Short U.S Treasuries…
+
+And now, the SEC wants to sue CoinBase for offering a solid liveable interest payment on a product. No Bullshit… [https://www.nytimes.com/2021/09/08/business/coinbase-sec.html#:\~:text=Coinbase%2C%20the%20largest%20cryptocurrency%20exchange,interest%20on%20digital%20asset%20deposits.&text=1%20that%20its%20Lend%20product%20could%20violate%20securities%20laws](https://www.nytimes.com/2021/09/08/business/coinbase-sec.html#:~:text=Coinbase%2C%20the%20largest%20cryptocurrency%20exchange,interest%20on%20digital%20asset%20deposits.&text=1%20that%20its%20Lend%20product%20could%20violate%20securities%20laws).
+
+**The FIXED income markets are dead after years of lower rates. Inflation is hundreds of basis points higher than any safe fixed income investment out there. The DTCC, the FED and the Street does not want you to know this.**
+
+1. What does this have to do with GME and my computerstonky donk?
+
+**The Major Major Issue in the bond market is the illiquidity of the ETF’s. I think this is one of the most dangerous parts of the market that is being overlooked by the Financial Institutions. The truth is, there are no more reasonable income plays currently (I'm not talking about Crypto).**
+
+[**MARKET INSIGHTS**](https://www.ishares.com/us/insights)
+
+# U.S. bond ETFs hit $1 trillion AUM in October 2020
+
+[https:\/\/www.ishares.com\/us\/insights\/etf-trends\/us-bond-etfs-1-trillion#:\~:text=Now%20with%20a%20U.S.%20marketplace,potential%20benefits%20to%20many%20investors.](https://preview.redd.it/sdyt76oeimc81.png?width=1260&format=png&auto=webp&s=3fa57b1ebd364301bc8e58861c1e051786c784e3)
+
+**Why am I pointing out ETF’s?**
+
+When buying Fixed Income, I would always advise a Mutual Fund over an ETF. The reason, the Mutual Fund has a team of analysts and traders. The Mutual Fund has a portfolio manager.If the mutual fund is redeemed the Fund Manager can go to the fund and sell the bonds they like. They can pick and choose and take the best bid available. The difference between and ETF is that its a computer buying and selling a blanket index when the fund is bought and sold.
+
+Remember, ETF’s are open end funds - so the ETF provider has to buy/sell the bonds in the ETF everytime an ETF is purchased.
+
+The “AGG” is one of the biggest broad market bond ETF’s and its total value is over
+
+$90Billion.
+
+[https:\/\/www.ishares.com\/us\/products\/239458\/ishares-core-total-us-bond-market-etf](https://preview.redd.it/2nb9o0wiimc81.png?width=1254&format=png&auto=webp&s=ec8481962f717b167f1e047ecdc6704831321258)
+
+If the FIXED INCOME markets start to decline, if people really do shy away from the negative total returns in bonds… These bonds along with the treasuries will be dumped in the market.
+
+With a computer doing the buying and selling, it could be a catastrophic liquidity event if the FIXED INCOME markets went thru a major sell off. This FUND ABOVE, the “AGG”, has no discrimination -Remember in part 1, Bonds need a buyer and a seller - **My Fear is that there are no buyers for most of the debt out there.** Once people wake up and start liquidating their Bond ETF’s the computer will sell the bond to the high bidder… they have to, to return money to the investor.
+
+So if your ETF owned Evergrande, you would be forced out at 11.5 cents on the dollar for a 89.5 cents loss from Par (face value).
+
+If the computer is forced to dump these bonds, they could trade very low, and that will affect margin in the same way the stocks do. While the Stonks are a major focus, the Fixed Income Markets pose real liquidity issues that the Street has no answer for.
+
+**My Final Thoughts…**
+
+**Fixed Income Investments are practically worthless. With Yields so low, and Inflation so high, these investments are not practical and will pose major liquidity issues to the bond and equity markets once the selling really begins.**
+
+SOURCE FOR CHARTS - [https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/?gclid=Cj0KCQiAip-PBhDVARIsAPP2xc1IQL1mKLma-nW3fvN-COQRsU8YNxOU3pMHyL4mo4ZK70alydanRH4aAkpjEALw\_wcB&gclsrc=aw.ds](https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/?gclid=Cj0KCQiAip-PBhDVARIsAPP2xc1IQL1mKLma-nW3fvN-COQRsU8YNxOU3pMHyL4mo4ZK70alydanRH4aAkpjEALw_wcB&gclsrc=aw.ds)
+Hi all,
+
+UK, 24M and as the title suggests - I just settled a medical negligence claim for a larger sum than expected. 
+
+I’m considering all options as I have no real idea what to do with that sum of money. 
+
+Circumstances are below:
+
+- Full time self employed business owner
+
+- Currently making around £30k per year through PAYE / dividends (set to increase to £38k from 2023) 
+
+- Still living at home with my parents
+
+- Around £28k in savings across a few different ISAs
+
+- £8k in savings in a Vanguard S&P500 
+
+- No credit card debt; only loan is around £16k left on my car 
+
+Looking to get some advice on where the best place to invest this money is. Any advice would be greatly appreciated :)
+I'm not sure if this post is allowed on here so apologies in advance, but Oxford Nanopore have announced an IPO [as reported in FT.](https://on.ft.com/3yUyoAH) They have been developing some very exciting sequencing technology and I've enjoyed watching it develop over the last 6 or 7 years. They expect to raise $4bn, it will be interesting to see how many shares they release. Until we know details of share price, etc, a strong investment case can't be made but I'll certainly be buying at least a few shares because I love the technology and see its future.
+
+One really interesting point is that they'll have 'anti-takeover shares' to prevent a foreign buy out. Following text pasted from [here](https://on.ft.com/3hw9GjG)
+
+<This week, the company filed for shareholder approval to give its chief executive, Gordon Sanghera, “limited anti-takeover shares” so that he can veto a hostile takeover. These shares expire after three years, and do not confer any other voting rights.
+
+Sanghera said he was determined to avoid the fate of other high-flying British life sciences companies which had been bought by foreign rivals.
+
+
+Gordon Sanghera: ‘what we set out to do at the outset is to build a global tech company’ © Andrew Fox/FT
+Discussing British innovation, Sanghera told the FT: “Medisense was an Oxford spinout that was sold to Abbott in 1996 for $876m and Solexa was sold to Illumina ten years later for $600m. The Solexa deal enabled Illumina, now worth $70bn, to become the world’s dominant sequencing company.
+
+“Myself and our CTO Clive Brown [a former Solexa employee] don’t see these as great successes. We saw this as a sad ending of what could be a globally dominant tech, and no revenues really have come back to this country,” said Sanghera.
+
+Sanghera said Oxford Nanopore chose to list in London because it sees itself as a British success story.
+
+“What we set out to do at the outset is to build a global tech company that goes all the way from academic inception through to early commercialisation, which this country has a great track record of, but then usually companies like that get acquired,” he said.>
+
+Edit: missing link for second article
+Extract from Freetrades most recent (2020) financial statement which I'm referring to: https://imgur.com/a/ORPP0Xi 
+
+Was looking into a new ISA provider going into the new ISA year and Freetrade was quite high up on the list due to their low monthly fixed fee (would be looking to invest a fair amount where % amount would greatly outweigh fixed fee), nice interface and the site having the ETFs I would purchase. 
+
+Treat my ISA as a set and forget and wouldn't touch it for 15/20+ years is the plan but was concerned when I read the companies financial statement especially the going concern, if my understanding is correct, going concern is the accounting policy which outlines if a company is able to trade going forward and more so specifically for the next financial year. 
+
+The company did raise £8.2m in 2021 in their latest round of Crowdfunding but am i being paranoid? The extract from PWC doesn't mince its words, Freetrade is FCA regulated so funds upto £85k would be protected but this has put me off Freetrade a little.
+As title says, how much do you try to invest and how much to try and save?
+
+If you aren't comfortable of sharing your savings, then a ratio or percentage of investments to savings would be nice
+As title says, how much do you try to invest and how much to try and save?
+
+If you aren't comfortable of sharing your savings, then a ratio or percentage of investments to savings would be nice
+Hi, I was wondering if anyone could help me understand dual listed stocks as I've only started investing in non-UK stocks recently:
+
+I bought some shares in Denison Mines on the TSE - TSE:DML, NYSEAMERICAN:DNN
+
+I understand that these are exactly the same and if I invested £X into either they would sell for the same value regardless of which one I bought (apart from slight differences).
+
+This is a really dumb question but how do the percentages work? DML was up 4% yesterday and DNN was up 8.6% yesterday. How much am I up in GPB if I invested say £1000? Would anyone mind explaining this with examples as I'd really appreciate this?
+
+​
+
+Also, do exchange rates between any of the three countries affect the value of my holding or when trying to buy or sell?
+
+​
+
+I'm a little confused and eager to learn so thanks for any help!
+https://www.investegate.co.uk/games-workshop-group/rns/annual-financial-report/202007280700032267U/
+
+EPS up 8%. Given they shut the business down for 6 weeks of the year that's not bad at all.
+MobilityOne Limited is the holding company of a group of companies based in Malaysia, which is in the business of providing e-commerce infrastructure payment solutions and platforms through their technology solutions, which are marketed under the brands MoCS and ABOSSE. The Company has developed an end-to-end, e-commerce solutions, which connect various service providers across several industries, such as banking, telecommunication and transportation through multiple distribution devices, such as electronic data capture (EDC) terminals, short messaging services (SMS), automated teller machine (ATM) and Internet banking. The Company’s technology platform has been designed to facilitate cash, debit card and credit card transactions (according to the device) from multiple devices while controlling and monitoring the distribution of different products and services.
+
+
+Figures summary:
+
+Mkt cap : £11 m
+
+Shares in issue: 106 million
+
+SP: 10.00p
+
+Revenue (£169 million) that was 2019. Revenue increased in 2020.
+
+£4.5 million cash in the bank as of H1 2020
+
+Current PE: 16.23
+
+
+Somehow this company remains under the radar and the SP seems to be stagnated.
+
+
+Insiders own 70% of the shares ( 3 individuals). 
+
+
+Any LTH here and what do you think?
+
+
+Disclosure: I opened up a small position in them . I think there is value to be add.
+
+DYOR.
+Hi,
+
+I'm looking for a UK stock screener (preferably free) which I can select certain criteria and it finds companies which match that criteria. For example I'd like to search and find a company that meets the following:
+
+■ Dividend cover of two times or more.
+
+■ Net debt of less than 2.5 times cash profits.
+
+■ A return on equity of 15 per cent or more.
+
+■ A rising dividend in each of the past 10 years.
+
+■ 10-year and five-year compound average dividend growth of 5 per cent or more and growth in the past year of 5 per cent or more.
+
+■ A forecast dividend yield of over 2 per cent or a historical shareholder yield over 4 per cent.
+
+■ Forecast earnings growth both this year and next.
+
+​
+
+The reason for this is to find stocks best for UK inflation
+
+Thanks in advance!
+Hi, I was wondering if anyone could help me understand dual listed stocks as I've only started investing in non-UK stocks recently:
+
+I bought some shares in Denison Mines on the TSE - TSE:DML, NYSEAMERICAN:DNN
+
+I understand that these are exactly the same and if I invested £X into either they would sell for the same value regardless of which one I bought (apart from slight differences).
+
+This is a really dumb question but how do the percentages work? DML was up 4% yesterday and DNN was up 8.6% yesterday. How much am I up in GPB if I invested say £1000? Would anyone mind explaining this with examples as I'd really appreciate this?
+
+​
+
+Also, do exchange rates between any of the three countries affect the value of my holding or when trying to buy or sell?
+
+​
+
+I'm a little confused and eager to learn so thanks for any help!
+I have no kids, and my sister isn't the best with money. Growing up my grandparents and my father "did the right thing" with money, but they never really involved me in it except taking me to the bank and letting me write the deposit slip. It took me years of living on my own to figure out what the hell they were actually doing with the money. (inb4 "could have asked" - messy divorce when I was 13, grandparents died when I was 16, mom drained all the investment accounts for drugs, haven't seen dad since I was 17)
+
+So for my niece, I want to teach her in a different way. She's 12 right now. Here's my plan:
+
+​
+
+TLDR;
+
+year 1 - $10 gift to start, in a box, i'll pay 10% interest on whatever money she has in that box at the end of every month.
+
+year 2  - 100% match as the gift, plus 10% interest on whatever money she has in the box at the end of every month. I will require her to keep a written record of her balances and my interest payments
+
+year 3 - 100% match as a gift, instead of 10% interest, she picks a security and I will pay her at the end of the month whatever that stock has done for the month
+
+year 4 - 50% match as a gift, same deal with the stock
+
+year 5 - I set her up with a roth IRA and her 50% match will be used for the opening deposit assuming she's had enough of an income by now (age 17)
+
+I'm going to send her $9.99 for Christmas. Along with a treasure chest style box to keep it in. And an agreement that every month, I will pay her 10% interest on the balance she has in that chest. I picked $9.99 instead of $10 because this way I can give her a five, some ones and a bunch of change because kids. I figure the more pieces she sees the more value it looks like.
+
+There is no restrictions on what she can do with the money. She is free to take it all out and spend it immediately if that's what she wants to do. 
+
+Then each year for Christmas, instead of the 10% interest, I will match 100% of what she has. 
+
+For the first year, I will be mailing her the money in an envelope. In the envelope I will include a very basic statement, showing her balance for all the months and the interest I paid. Starting in year 2, I will send her a blank statement sheet for the year, and in order to get the interest, she will have to count the money, write down her balance, and submit it to me. 
+
+When she turns 15 I will stop paying 10% by default, and instead let her choose 1 stock or ETF. I will pay her based on the performance of that stock. I'll still send her the same statement, but now will add a graph showing the performance of her stock, and the performance of VTSAX for comparison. I'll let her change her stock pick once a month if she wants. If the stock runs negative she will get $0.99 in pennies, don't want her to get discouraged. Or I might just pay her a basic interest rate at whatever the current rates are in addition to the stock percentage. But who knows, they might be negative by then
+
+The following year I'll cut the match from 100% down to 50% (she'll probably begin working and I don't wanna get suckered in to paying her $10k) but keep the same deal with the stock choices, but she can now choose more than 1 and she will be paid the average. Same as with the statements, in year 2 she will need to send me a report of the stock(s) performance in order to get the payment from me
+
+I'm projecting this to cost between $3,000 and $7,000, depending on how much money she saves when she begins working. $3000 is about what the payout would be if she never took money out and never added her own money in and got a nice 3% return per month, every month on her stock picks. And really, the couple dollars a month I'm paying in interest should pretty much be covered by the interest off my emergency fund. That's how I came up with this idea actually, wondering what to do with the couple bucks a month in interest that would be worthwhile.
+Having a bit of a whinge here and keen to hear any positive experiences with PHI providers. $1600 policy paid back marginally 0.12c in every dollar in a recent claim and struggling to discern the value in having the policy.
+This is a genuine question, I never understood the need for emergency fund that big. Can someone explain? I only hold a 1 month emergency fund. From my point of view, emergency fund should only be big enough to give me time to withdraw from S&S ISA if shit was to hit the fan or until I can get a new job if I somehow lost my job tomorrow. Given the current inflation, keeping that much cash, even in savings account is just steadily losing money, no? I know wiki says you shouldn't keep emergency funds in unpredictable ways but index funds are safe enough (your fund may go up an down a bit but not a great deal) 
+
+What am I missing?
+The few times I've posted on here, I've been met with some really helpful comments and feedback from some lovely people, but I've noticed something, the mere mention of crypto currency on here gets people all fired up?   
+
+
+So just out of curiosity, Why?
+​
+
+https://preview.redd.it/rc6rxwhmz8v91.png?width=1254&format=png&auto=webp&s=859427fa833f277c489a2545a58c7dff6da3f22b
+
+I'm super stoked to end my week off with $1600. I only had 1 red day and that was on Wednesday, I was -$70. I switched from trading options last week to trading futures only this week. I continuously lost money trying to trade options and relying on indicators. Maybe I've found my niche now, but I'd say a full week of profits is showing me promise for the future (lol).
+
+17th: $220
+
+18th: $522
+
+19th: $(71)
+
+20th: $218
+
+21st: $768
+
+I just wanted to come here and share that it was all done with zero indicators. That was the best thing I've done in terms of trading. I started learning price action, market behavior, and market trends. I too, lost a lot of money relying on indicators and then was left wondering what I did wrong when I kept losing money.
+
+​
+
+To anyone losing money, I highly recommend YouTubing price action, market trends & behavior.
+
+Have a good weekend! Attached is my Tradovate weekly recap. I started with $3500 and only traded 1-2 contracts.
+The question is more related to the amount you have invested. For example, Person A is investing for his/her retirement. he started investment 7 years ago and the target corpus was 2.0Cr. The current portfolio's current value is 50Lac. Person A mostly Index(60%) and reset in small/mid-cap, US equity and debt fund.
+
+At what point Person A should think that he/she should review his portfolio with a professional advisor? Off-course it depends on the person's risk but what do you guys think what amount should be called a 'Risky amount'?Note: These are not true values, I have just put random figures here. Hypothetically XIRR is 20%
+
+​
+
+Edit 1:  My intention is to post this question to learn more about individual decision-making. I think individual decisions defer based on portfolio size, and current and future financial conditions. 
+Hey,
+
+Throwaway for obvious reasons. So I will start my first job soon and will be looking to make investments . I live with my parents and the house got robbed since then most of what they had kept for me was used for my fees and setting up themselves the house again with preventive measures.
+
+2020 was just as everyone else for them and me (pay cuts for my father and my moms business has been shut) and I have finally secured a job with an ok pay and need to understand how can I start with investments.
+
+My current plan is to,
+
+1. Build up an emergency fund with 6 months worth of salary
+2. Start  a basic FD maybe a recurring deposit account with some fixed amount being invested to it.
+3. A health insurance for me. (my parents have one already that covers me but I would prefer if somehow they could get more cover and it costs somewhere the same if they removed me)
+4. Maybe Mutual Funds or Shares ? (I have minimal knowledge of the same and any help would be appreciated.
+
+I am 24 and the on hand for me after taxes would be 60k. I also tried to understand how can I work on getting tax rebates via investments and I am still continuing the research any help on the same would be helpful.
+
+I am sorry if there is something I am missing but the incident has created a weird headspace for me. Even if someone can redirect me to something I can read and get my answers on my own I would be grateful.
+Is there any good literature to read or strategy to follow for working couples who'll be married soon to avoid money related conflicts. To give a context, we both work in IT in India and earn around ₹75k after tax individually, and we don't have any debts or obligations towards our parents as both sides have good savings and decent pension to take care of day to day expenses. Also we plan to work in India only, given the exception that there's a good opportunity overseas for either one of us. I have ~ ₹400k in savings and she has ~ ₹700k. My expenses per month are around ~ ₹35k and hers are ₹30k right now when we live separately.
+I have been following this sub for a very long time (this is not my main reddit account), and since then I have learnt a lot from it. Since I graduated from university, my goal was to hit $1M by the time I was 30.
+
+My biggest learning from this journey so far has been to relax and not worry about where every single dollar is going. I know it sounds sort of counter intuitive, but for me it was causing some stress when an unexpected expense would come. Not because I did not have the money, but because I was not going to hit my savings target for that month. I know everyone is not like me, but I am quite disciplined, so I decided not to track my net worth for ~2.5 years.
+
+Here is a snippet of my journey. 
+
+My family moved to Canada from south asia when I was in my early teens (I think my family came over with less than $15k), and we didn't have much growing up. So I understood what it took to live frugally. Fast forward to when I graduated from highschool, my family was a middle class family in Canada and it was all because of my parents tight handed approach to disposable income.
+
+I graduated at age 23, and I was lucky enough to not have any debt. I had scholarships and worked throughout University and saved up enough from my work terms that I did not need student loans after 2nd year. And I paid the first 2 years off by the time I graduated with money left over.
+
+**Year 1** - I graduated from a STEM discipline and I was lucky enough to get a very good paying job right off the bat. My salary was a hair over six figures when I started. Towards the middle of my first year after graduating, I was able to buy a house (property #1) in the small town I was living in. I started to rent out the basement and a room up top so it would cover my mortgage and I paid for the utilities, repairs and taxes. 
+
+**Year 2** - I had saved up enough to buy make a down payment for a condo in the city I grew up in, at this time I was living extra frugally, and the same old car I bought at the end of university. I ended up buying this condo in one of the hot markets in Canada (property #2). I also got a raise this year, and every subsequent year until Year 7. I also had a side hustle going which was paying for 75% of my living expenses at the time.
+
+**Year 3** - I got a promotion and my company decided to move me, they promised to pay my housing expenses in this new city, so I ended up renting the entire house I had bought and started making a bit of money on it. I continued living frugally, and was saving as much as I could. I stopped the side hustle, since it was affecting my work life balance.
+
+**Year 4** - My company continued paying my expenses and I continued my journey towards FI, but at this point, as discussed I was getting stressed about not hitting my savings goals due to some unexpected expenses. 
+
+**Year 5** - I moved back to the original small town I was living in, and at this time, I had saved enough money, that I decided to buy another rental condo (property #3) in the same hot Canadian market. Two months later, I lost my house (property #1) due to a fire. This was not an easy time for me, and with some back and forth with the insurance company, which took 6 months, they decided to cover all the expenses, and I ended up rebuilding the house. At this point I moved in with my parents and I stopped recording where all my savings were going. To get the rebuild going, since I was having insurance issues, I had to drawdown all my savings and anything that was liquid to the point where I had less than $2.5k in my bank account. I wanted the rebuild done right away for reasons I won’t get into. 
+
+**Year 6** – My house was completely rebuilt and I sold it right after. Took, all the money I got from the house and dumped it back into the stock market (Combination of ETFs and Stocks).
+
+**Year 7** – Due to my division in the company performing poorly, I was packaged out. I knew it was coming (our management sucked), so I was already looking into other companies, and I was unemployed for 2 weeks before I joined my current company. It was a fairly decent package, and the job I found after paid me relatively the same.  
+
+At this time it brings me to today, where I sat down this weekend and went through every account I have to calculate my net worth. I knew I was going to be close to the $1M mark, but I actually did not expect to exceed it. Currently I am sitting at $1.15M, which was very surprising for me, and I had to triple check all my numbers. I lucked out on my properties I bought as rental properties since that local market has done extremely well, so for this calculation I used the govt. assessed values (again I know it is only a paper gain, but I have no plan on selling these properties).
+
+**Here is the breakdown –**
+
+**Cash/Savings Acc**  - $65K (saving for a down payment on a new property, but to live in)
+
+**Stocks/ETFs** – $420K 
+
+**RRSP** – $50K (similar to 401k)
+
+**TFSA** – $60K (similar to Roth)
+
+**Self/Company Contribution (LIRA)** – $115K
+
+**Company Stocks (First company)** – $140K
+
+**Property #2 Equity** – $200K 
+
+**Property #3 Equity** – $100K
+
+I would be lying if I said there was no luck involved and some things played in my favor (like minimal housing expenses).
+Future plans, I want to keep on doing what I am doing and save and live semi-frugally. I have always spent on vacations; travelling is very important for me. I finally have a newer new car, and I turn 30 this month. I want to buy a house of my own soon and most likely I will own this house for 20-30 years. 
+
+Please feel free to ask me my questions; I will do my best to answer them. 
+
+EDIT 1: Formatting
+
+EDIT 2: Maybe I should have stated from the beginning, which is my fault, but all the numbers are in $CAD.
+
+I am at around $1.5mm yearly income. $2mm in liquid net worth mostly in VTI. 
+
+I am trying to follow a Boggle philosophy. Aiming for around 80% total market index fund and 20% diversified bonds. 
+
+I wonder what to pick for bonds. VBTLX seems like a natural pick but I wonder if it makes sense to pick one of these Vanguard tax exempt bond funds because I should be in the highest tax bracket this year. For example, I am considering VWLUX or VWLAX. (Vanguard High-Yield Tax-Exempt Fund Admiral Shares)
+
+I understand these will go down if interest rates will go up even if it’s not exciting prospect. 
+
+What are you all doing? No more bonds at all, regular total bond funds, or what is your tax exempt fund if you have one?
+
+Thanks for sharing!
+Hello! I’m purchasing a property in Texas and supposed to sign closing docs remotely tomorrow for a Friday close. During the final walk through today, we noticed that the seller hasn’t began moving yet. Not a single thing looked moved, there were dishes in the sink. 
+
+From what I understand, if they become “holdover sellers” and stay past closing, I’ll have to formally evict them. They’re willing to do a leaseback and pay rent for the weekend. It seems like my options are to accept the leaseback and follow through with closing or delay closing. 
+
+Closing lands on a Friday and so maybe they only have time on weekends for moving...
+
+First question, what would you do?
+
+Second question, in you all’s experience, how common is it for sellers to follow through and actually hustle to move out versus staying long and potentially requiring an eviction?
+
+Thanks in advance for any wisdoms you can share!
+ hi, so basically i just held a confirmation party yesterday and i got about $1000. i have never had this much money and i'm wondering what  the smartest thing to do with the money would be. i'm 15 BTW.
+https://www.americanfunds.com/ria/insights/can-i-retire-at-40.html
+
+These guys are not fans of the 4% rule... They recommend saving **36 times annual spending** before FIREing at age 40. I'm all for conservative planning, but this is a bit extreme. Agree? Disagree?
+Hello! 
+
+I'll try to keep the personal/relationship info out of this post to keep it on topic. Throwaway for obvious reasons, but I'll probably use this account for a few more posts relating to this topic. 
+
+My girlfriend and I purchased a house together about 3 years ago. We have a $160K mortgage and share all utility expenses. Recently she "confessed" to me that she has accumulated over 20K in credit card debt. We are trying to work through it as obviously this is a big blow to our relationship and to our financial goals, but the truth is I've been considering a breakup. I don't know what I really want to do yet .. I'm sad and hurt and very concerned for my/our financial future regardless of which path I take. 
+
+In the meantime, I've agreed to help her pay down her debt by paying more $ in utilities so that she has more cash for credit card bills. 
+
+I'm not sure what information is relevant, but here is what I am concerned about. 
+
+We each make about $45k, although much of her income is unclaimed tips because she works as a bartender. 
+
+Total mortgage loan: $160K
+
+Total payment each month: $1100
+
+Remaining balance: $146K
+
+Is selling our home even an option, considering we've hardly made a dent into the principal? What are my options if I let her keep the home? How do I prepare and protect myself financially? What other things do I need to consider?
+
+Thank you in advance for your help and guidance
+
+**edit 1** thank you so much for the responses so far! Adding some more info up here based on the questions I received:
+
+- I am not a co signer on her debt. I have no responsibility to pay it. 
+
+- The only bills with both of our names are the mortgage and utilities. 
+
+- if I do move out, I will probably want to purchase my own home. My lifestyle isn't suitable for a rental
+
+- to be clear, I don't want to screw her over financially. I want to make a decision on the home that is fair for both of us. 
+
+- it's possible our relationship could last another year. 
+
+I'll keep editing to add more relevant information 
+
+THANK YOU to everyone who responded so far 
+
+Edit 2
+
+**I didn't know this needed to be said but here it goes**
+- This isn't /r/relationships .. I've excluded details about our relationship that don't pertain to financials because I am looking for financial advice. 
+
+- Saying I am "money hungry" is neither helpful nor truthful. I've divulged information in this post that concerns our financial situation, not any other aspects of our relationship. You should not assume that is the only issue with our relationship. HOWEVER, this financial predicament she's put us in is a big deal .. I have life goals that cannot be accomplished by paying off credit card debt for the next 5 years. 
+
+- the way the debt pertains to our relationship is as follows: it is complicated if we stay together. It is complicated if we break up. I fear for my financial future either way. I fear that I will never be able to trust my girlfriend with financials. We might  work things out, we might not. Frankly it is too early in this predicament to make a decision like that. Other than these topics, I'd appreciate that further responses stay on topic: finances. 
+
+- I appreciate everyone's posts .. But please don't make assumptions that we are this otherwise happy couple with a little bit of debt .. That is not the case at all. 
+I see you realpulte.  What was it you said in an earlier tweet, something along the lines of, “I’ll buy more GME when the time is right but now’s not the right time.”
+
+Then what did you tweet two days ago:
+
+“Big announcement is still ON for tomorrow!”
+
+And today:
+
+“MOASS is literally trending on Twitter every day these days. I will be buying more $GME on Monday”
+
+You sly Fox, you cloaked that shit as an impulse buy, you’ve been playing a little 4D chess yourself haven’t you my friend.
+
+Now I’m not on Twitter but I jumped into that cesspool for a minute to scroll your profile jand what do I see but pure unadulterated altruism, just streams and streams of goodness.  And sprinkled in that euphoria we find a few GameStop tweets.  Kind of makes me wonder if you’ve been in this thing from the beginning and GME is your ode to joy.
+
+RC knew BCG was like a level four boss and I’m sure he knew he could find good people with lots of capital who’ve been adversely affected by this criminal syndicate.
+
+You’re a good, dare I say great, person with loads of capital and Pulte Homes had to oust BCG before they killed your grandfather’s dream.  
+
+But there’s more, your a philanthropist.  You appear to want to do the most good for the greatest number of people.
+
+GME is a movement into decentralized currency that weakens the parasitic oligarchy and does an unfathomable amount of good for every person alive today and for each successive generation after.
+
+You’re not here for a short squeeze, you have more than enough money, you could support this from your pulpit without investing a dollar and still make a positive impact.  You’re here because RC laid his case for the digital Revolution.  You’re here to help make sure this thing prevails in the face of pure evil.  You’re here to help bring light to darkness.  
+
+I salute you sir, you’re one of us and we’re becoming one of you.
+
+Count me in as a Pulte Teammate.  I have $1million invested into GME so far.  Post MOASS you can be damn sure I’ll be using that money to help make the world a better place and not to build a $450 million dollar mansion in Florida so DeSantis can protect me from my evil deeds.  
+
+I’d say welcome aboard but I think you’re helped build this ship from the start, so thank you sir, I’m proud to be a passenger.
+We recently discussed this topic on /r/FireyFemmes, and I wanted to share this information here.
+
+We all know that the maximum 401(k) contribution in a single year is $18,500 pre-tax.  What I recently learned is that the aggregated maximum of $55k per year (including employer match and after-tax contributions) is actually per *unrelated* job. 
+
+This means that if you change jobs mid-year or you happen to have a solo practice with a self-directed 401(k) + a separate W2 job, you could potentially max out both accounts, as long as you did not go above $18,500 in pre-tax money combined.
+
+I know this is a corner case situation but this knowledge can be immensely helpful for job changers and the like.
+
+White Coat Investor did an article on this and linked to the IRS page describing this.  Please note that I just argued with my Fidelity rep, who is insisting that it's not true, but I don't think that's particularly uncommon.
+
+White Coat Investor: https://www.whitecoatinvestor.com/multiple-401k-rules/
+
+IRS Link: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits
+(See Example #1 in the "Overall Limit on contributions" section.
+
+I'm still a bit nervous about this (this situation applies directly to my family this year) so I'm curious if anyone else has done this directly, and did you get pushback from your 401(k) providers or your accountant (if applicable).
+
+ETA: full credit to /u/TotoroTomato for this life changing knowledge!
+
+Broke 23,000 on October 17th, 2017. 
+
+The Dow has spiked nearly 6,000 points since President Trump's election last year, notching 79 daily record highs since then.
+
+The S&P 500 and Nasdaq are also near all-time highs. The latter is up a whopping 30% since the election.
+
+The boom in the stock market is a clear reflection of improvements in the U.S. economy. New numbers published on Wednesday show the U.S. grew at a brisk 3.3% pace between July and September, the best growth since 2014 and the second-straight quarter of 3% growth.
+
+http://money.cnn.com/2017/11/30/investing/dow-24000-stocks-wall-street-trump/
+In this post I will go in-depth on:
+
+1. How Tether got to be what it is today
+
+2. Why Tether's market cap is a lot more than 0.5% of the total market cap for crypto you see on CoinMarketCap
+
+3. Tether printing timing
+
+4. Tether reserves
+
+5. What could happen to the market if Tether is found to not be backed by reserves
+
+Tether is incredibly important to the cryptocurrency market ecosystem and I've noticed far too few people understand what is going on. 
+
+Very little actual discussion of the 2nd biggest crypto by volume happens here and whenever someone starts a discussion they most often got slapped for "FUD". Tether themselves recently hired the major New York based PR firm 5W to spread positive information online and take down critics, I'm sure some of their operatives are probably on Reddit.
+
+But its absolutely critical you understand the risks behind Tether and especially now with the explosion in reserve liability, breakdown in relationship with banks and their auditor and recently announced subpoena. 
+
+
+#What exactly is Tether and what happened so far?
+
+Tether is a cryptocurrency asset issued by Tether Limited (incorporated in the British Virgin Islands and a sister company of Bitfinex), on top of the Bitcoin blockchain through the Omni Protocol Layer. It is meant to give people a "stablecoin", for example a merchant who accepts bitcoin but fears its volatility could shift bitcoin into tether, which can be easier to do than exchanging bitcoin for dollars. Recently they've also added an Ethereum-based ERC20 token. Tether Ltd claims that each one of the tokens issued is backed by actual US dollar (and more recently Euro) reserves. The idea is that when a business partner deposits US dollars in Tether’s bank account, Tether creates a matching amount of tokens and transfers them to that partner, it is NOT a fractional reserve system.
+
+Tether makes the two following key promises in its whitepaper on which the entire premise is build:
+
+> Each tether issued will be backed by the equivalent amount of currency unit (one USDTether equals
+one dollar).
+
+>Professional auditors will regularly verify, sign, and publish our underlying bank balance and financial transfer statement.
+
+Tether is centralized and dependent on your trust of Bitfinex/Tether Limited, and that the people behind it are honest people. For the new entrants to this market it will be greatly beneficial understand the timeline of Tether and their connection to Bitfinex.
+
+A brief timeline:
+
+* Bitfinex operators Phil Potter and CFO Giancarlo Devasini set up Tether Limited in the British Virgin Islands, but told the public that Bitfinex and Tether are completely separate. Throughout 2015 and 2016, the amount of Tether stays relatively flat.
+
+* In August 2nd, 2016, the second-largest digital currency exchange heist in history happened, when Bitfinex lost nearly 120,000 bitcoin. Bitfinex never revealed full details of the hack, but BitGo (the security company that had to sign off on the transactions) claims its servers were not breached.  
+
+* Just 4 days after the hack Bitfinex “socializes” its losses from the theft by announcing a 36 percent haircut for almost all of its customers. In return, customers receive BFX tokens, initially valued at $1 each. 
+
+* Two weeks after the hack Bitfinex announces it has hired Ledger Labs, to investigate the theft and perform a financial audit of its cryptocurrency and fiat assets. The public nevers sees the results of the investigation, and months later, Bitfinex admits it never actually hired Ledger Labs to perform an audit to begin with.   
+
+* In May 2017, after long standing calls for an actual audit, Bitfinex hires Friedman LLP to "complete a comprehensive balance sheet audit."
+
+* November 7, 2017: Leaked documents dubbed “Paradise Papers” reveal Bitfinex and Tether are run by the same individuals.
+
+* November 19, 2017: Tether is hacked, with 31 million USDT suddenly disappearing. Tether Limited reacts to this by creating a hard fork.
+
+* December 4, 2017: Right after hiring the PR firm 5W to help improve their image, Bitfinex hires law firm Steptoe & Johnson and threatens legal action against critics.
+
+* December 6, 2017 - CFTC issues a subpoena to Tether and Bitfinex. This news isn't made public until the end of January. 
+
+* December 21, 2017 : Without making any formal announcement, Bitfinex appears to suddenly close all new account registrations. Those trying to register for a new account are asked for a mysterious referral code, but no referral code seems to exist.
+
+* After a month of being closed to new registrations, Bitfinex announces it is reopening its doors, but now requires new customers to deposit $10,000 before they can begin trading.
+
+* Friedman LLP completely cut ties with Tether on January 27, 2017.
+
+#Most common misconception: Tether is only a small part of the total market cap
+
+One of the most common misconception people have about cryptocurrencies is that the "market cap" amount they see on CoinMarketCap.com is actually the amount of money that is invested in each coin. 
+
+I often hear people online dismiss any issue with tether by simply claiming its not big enough to cause any effect, saying "Well Tether is only $2.2 billion on CoinMarketCap and the market is 400 billion, its only 0.5% of the market". 
+
+
+But this misunderstands what market capitalization for cryptocurrency is, and just how different the market cap for Tether is to every other token. The market cap is simply the last trade price times the circulating supply. It doesn't take into account the order book depth at all. The majority of Bitcoin (and most coins) are held by those who either mined or purchased for a very low price early on and simply held on as very small portions of the total supply was rapidly bid up to their current price.
+
+An increase in market cap of X does NOT represent an inflow of X dollars invested, not even close. A 400 billion dollar market cap for crypto does NOT mean that there is 400 billion dollars underwriting the assets. Meanwhile a 2 billion dollar Tether market cap means there should be exactly $2 billion backing up the asset.
+
+Nobody can tell for sure exactly how much money has been invested in cryptocurrency market, but [analysts from JPMorgan](https://www.zerohedge.com/news/2017-12-02/jpmorgan-has-some-bad-news-bitcoin-bears) found that there was only net inflow of $6 billion fiat that resulted in $300 billion market cap at the time. This gives us a roughly 50:1 ratio of market cap to fiat inflow.  Prominent crypto evangelist Julian Hosp [gives the following estimate](https://www.businessinsider.com.au/heres-why-market-capitalisation-is-a-bad-way-to-measure-a-cryptocurrencys-value-2018-1): "For a cryptocurrency to have a market cap of $1 billion, maybe only $50 million actually moved into the cryptocurrency."
+
+For Tether however the market cap is simply the outstanding supply, 2.2 billion USDT is actually equal to 2.2 billion USD. In order to get $50 USDT you have to deposit $50 real U.S. dollars and then 50 completely new tokens will be issued, which never existed before on the market.
+
+What is also often ignored is that Bitfinex allows margin trading, at a 3.3x leverage. Bitfinexed did an excellent analysis on how tether is entering Bitfinex to fund margin positions
+
+There are $2.2 billion in Tether outstanding and the current market cap of the entire market is $400 billion according to CoinMarketCap. You can actually calculate Tether as a % of total fiat invested in the market according to the JP Morgan estimate, the following table outlines for a scenario of no margin lending and 15/25% of tether being on a 3.3x leverage margin account:
+
+Fiat Inflow/Market Cap Ratio | Tether as % of total market (no margin) | Tether as % of total market (15% on margin) | Tether as % of total market (25% on margin) 
+----------|----------------|----------------|----------------
+JP Morgan estimate (50:1) | 27.5 % | 36.9 % | 43.3 %
+
+Even without any margin lending Tether is underwriting the worth of about 27.5% of the cryptocurrency market, and if we assume only 25% was leveraged out at 3.3x on margin we have a whole 43% of the market cap being driven by Tether inflow.
+
+A much better indicator on CoinMarketCap of just how influential Tether is actually the volume, i[ts currently the 2nd biggest cryptocurrency by volume](http://coinmarketcap.com/currencies/volume/24-hour) and there are even days where its volume exceeds its market cap. 
+
+What this all means is that not only is the market cap for cryptocurrencies drastically overestimating the amount of actual fiat capital that is underwriting those assets, but a **substantial portion of the entire market cap is being derived from the value of Tether's market cap rather than real money**.
+
+Its incredibly important that more new investors realize that Tether isn't a side issue or a minor cog in the machine, but one of the core underlying mechanisms on which the entire market worth is built. **Ensuring that whoever controls this stablecoin is honest and transparent is absolutely critical to the health of the market.**
+
+#Two main concerns with Tether
+
+The primary concerns with Tether can be split into two categories:
+
+1. Tether issuance timing - Does Tether Ltd issue USDT organically or is it timed to stop downward selling pressure? 
+
+2. Reserves - Does Tether Ltd actually have the fiat reserves at a 1:1 ratio, and why is there still no audit or third party guarantee of this?
+
+
+#Does Tether print USDT to prop up Bitcoin and other cryptocurrencies?
+
+In the last 3 months the amount of USDT has nearly quadrupled, with nearly a billion being printed in January alone. Some people have found the timing of the most recent batch of Tether as highly suspect because it seemed to coincide with Bitcoin's price being propped up. 
+
+https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html
+
+This was recently analyzed statistically: 
+
+>Author’s opinion - it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions.
+
+>Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet. 
+
+>Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment.
+
+https://www.tetherreport.com
+
+I'm still undecided on this and I would love to see more statistical analysis done, because the price of Bitcoin is so volatile while Tether printing only happens in large batches. Simply looking at the Bitcoin price graph over the last 3 months and then the Tether printing its pretty clear there is a relationship but it doesn't seem to hold over longer periods.
+
+Ultimately to me this timing isn't that much of an issue, as long Tether is backed by US dollars. If Bitfinex was timing the prints then it accounts to not much more than an organized pumping scheme, which isn't a fundamental problem. The much more serious concern is whether those buy order are being conducted on the faith of fictitious  dollars that don't exist, regardless of when those buy orders occur.
+
+
+#Didn't Tether release an audit in September?
+
+Some online posters have recently tried to spread the notion that Tether has actually been audited by Friedman LLP and that a report was released in September 2017. That was actually just a consulting engagement, which you can read here:
+
+https://tether.to/wp-content/uploads/2017/09/Final-Tether-Consulting-Report-9-15-17_Redacted.pdf
+
+They clearly state that:
+
+>This engagement does not contemplate tests of accounting records or the performance of other procedures performed in an audit or attest engagement. Our procedures performed are not for the purpose of providing assurance...In addition, our services do not include determination of compliance with laws and regulations in any jurisdiction. 
+
+They state right from the beginning that this is a consultancy job (not an audit), and that its not meant to be assurance to third parties. Doing a consultancy job is just doing a task asked by your customer. In a consultancy job you take information as true from the client, and you have no mandate to verify whether your customer's claims are true or not. The way they checked is simply asking Tether to provide them the information:
+
+>All inquiries made through the consulting process have been directed towards, and the data obtained from, the Client and personnel responsible for maintaining such information.
+
+Tether provided a screenshots of twp bank balances. One of these is in the name of Tether Limited, and while the other is a personal account of an individual who Tether Limited claims has a trust agreement with them:
+
+>As of September 15, 2017, the bank held $60,919,810 in **an account in the name of an in individual for the benefit of Tether Limited**. FLPP obtained an engagement letter for an interim settlement plan between that individual and Tether Limited and that **according to Tether Limited, is the relevant agreement with the trustee. FLLP did not evaluate the substance of the letter and makes no representation about its legality.**
+
+Even worse is that later on in Note 1, they clearly claim that there is no actual evidence that this engagement letter or trust has any legal merit:
+
+>**Note 1: FLLP makes no representations about sufficiency or enforceability of any trust agreement between the trustee and the Client**
+
+Essentially what this is saying is that the trust agreement may not even be worth the paper it’s printed on. 
+
+And most importantly… Note 2:
+
+>“**FLLP did not evaluate the terms of the above bank accounts and makes no representations about the clients ability to access funds from the accounts or whether the funds are committed for purposes other than Tether token redemptions**”
+
+Basically Tether gave them a name of an individual with $60 million in their account according to a screenshot, Tether then gave them a letter saying that there is a trust agreement between this individual and Tether Limited. They also have account with $382 million but no guarantee that this account holds to any lien or other commitments, or that it can be accessed. 
+
+Currently Tether has 2.2 billion USDT outstanding and we have absolutely no idea whether this is actually backed by anything, and the long promised audit is still outstanding.
+
+
+# What happens if its revealed that Tether doesn't have its US dollar reserves?
+
+According to Thomas Glucksmann, head of business development at Gatecoin: "If a tether debacle unfolds, it will likely cause quite a devastating ripple effect across many of the exchanges that see most of their volumes traded against the supposedly USD-backed cryptocurrency."
+
+According to Nicholas Weaver, a senior researcher at the International Computer Science Institute at Berkeley: "You could see a spike in prices in tether-only bitcoin exchanges. So, on those exchanges only you will see a run up in price compared to the bitcoin exchanges that actually work with actually money. So you would see a huge price diverge as people see that only way they can turn tether into real money is to buy other cryptocurrency then move to another exchange. That is a bank run."
+
+I definitely see the crypto equivalent of a bank run, as people actually try to secure their gains an realize that this money doesn't actually exist within the system:
+
+> If traders lose confidence in it and its value starts to drop, “people will run for the door,” says Carlson, the former Wall Street trader. If Tether can’t meet all its customers’ demand for dollars (and its Terms of Service suggest that in many cases it won’t even try), tether holders will try to snap up other cryptocurrencies instead, temporarily causing prices for those currencies to soar. With tether’s role as an inter-exchange facilitator compromised, investors might lose faith in cryptocurrencies more generally. “At the end of the day, people would be losing substantial sums, and in the long term this would be very bad for cryptocurrencies,” says Emin Gun Sirer, a Cornell professor and co-director of its Initiative for Cryptocurrencies and Smart Contracts.
+
+>Another concern is that Bitfinex might simply shut down, pocketing the bitcoins it has allegedly been stockpiling. Because people who trade on Bitfinex allow the exchange to hold their money while they speculate, these traders could face substantial losses. “The exchanges are like unregulated banks and could run off with everyone’s money,” says Tony Arcieri, a former Square employee turned entrepreneur trying to build a legally regulated exchange.
+
+https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/
+
+The way I see it, this would be how it plays out if Tether collapses:
+
+1. Tether-enabled exchanges will see a massive spike in Bitcoin and cryptocurrency prices as everyone leaves Tether. Noobs in these exchanges will think they are now millionaires until they realize they are rich in tethers but poor in dollars.
+
+2. Exchanges that have not integrated Tether will experienced large drops in Bitcoin and alts as experienced investors flee crypto into USD. 
+
+3. There will be a flight of Bitcoin from Tether-integrated exchanges to non-Tether exchanges with fiat off-ramps. Exchanges running small fractional reserves will be exposed, further increasing calls for greater reserves requirements.
+
+4. The exchanges might slam the doors shut on withdrawals.
+
+5. Many exchanges that own large balances of Tether, especially Bitfinex, will likely become insolvent. 
+
+6. There will be lawsuits flying everywhere and with Tether Limited being incorporated on a Carribean Island whose solvency and bankruptcy laws will likely ensure they don't ever get much back. This could take years and potentially push away new investors from entering the space.
+
+#Conclusion
+
+We can't be 100% completely sure that Tether is a scam, but its so laiden with red flags that at this point I would call it the biggest systematic risk in the crypto space. Its bigger than any nation's potential regulatory steps because it cuts right into the issue of trust across the entire ecosystem.
+
+Ultimately Tether is centralizing one of the very core mechanics of the cryptocurrency markets and asking you to trust one party to be the safekeeper, and I really see very little reason to trust Bitfinex given their history of lying and screwing over their own customers. I think that Tether initially started as a legit business to facilitate the ease of moving money and avoiding regulations, but somewhere along the lines greed and/or incompetence took over (something that seems common with Bitfinex's previous actions). Right now we're playing proverbial hot potato, and as long as people believe that Tether is worth a dollar everything is fine, but as some point the Emperor will have to step out from hiding and somebody will point out they have no clothes.
+
+In the long term I really hope once Tether collapses we can move on and get the following two implemented which would greatly improve the market for all investors:
+
+1. Actual USD fiat pairings on the major exchanges for the major currencies
+
+2. Regulatory rules on exchange reserve requirements 
+
+I had watched the Bitconnect people insist for the last 2 years that everything about Bitconnect made perfect sense because they were getting paid daily. The scam works until one day it suddenly doesn't. 
+
+Tether could still come clean and avoid all of this "FUD" by simply getting a simple review of their banking, they don't even need a full audit. If everything was legit with Tether, it would be incredibly easy to have a segregated bank account with the funds used solely to back up Tether, then have an third party accounting firm simply review the account and a bank reconciliation statement then spend a few hours in contact with the bank to ensure no outstanding liabilities are held on that balance. This is extremely basic stuff, it would take a few hours to set up and wouldn't take a lot of man-hours for a qualified account to do, and yet they don’t do it. Why? Why hire a major PR firm and spend god knows how much money to pay professional PR representatives to attack "FUD" online instead?
+
+I think I know why.
+
+When I was in high school (half a life removed now), I competed with my classmates in the Federal Reserve Challenge, which was a competition of student teams flexing their ability to quote jargon under the guise of knowledge. 
+
+Anyway, at the end of each team's presentation the judge panel asked questions. One of them had stuck with me all these years. "Is there an acceptable level of inflation? If so, why?"
+
+Our team's response was terrible. But I kept thinking about it.  I'd like to hear this group's thoughts before I share my own.
+Both colleges are similarly ranked overall, however one is higher ranked for economics specifically, and is in the northeast with good connections, while the other is in the Midwest.
+The Nordic countries all have very small populations and they have amazing development, some say they are more developed than the us.
+
+Meanwhile India has a gigantic population and has severe poverty issues, most of Latin America have a similar dinamic (Brazil, Mexico).
+
+So the question is, are smaller populations better? Was Thanos right?
+Both supply and demand functions depend on price, meaning you would normally plot price on the x axis. Also whenever I try to explain something to myself I always think in terms of "if you increase price, how does supply/demand change". So why is it always plotted the other way around? Obviously this does not make a difference, since supply and demand are monotonic by assumption, so you can use the inverse, but I want to know why you would do that?
+Hi all,
+
+​
+
+I'm an Economics major in the US beginning my internship search for next summer. I'm entering my junior year, so this will be the primary internship future employers look at when hiring for full time jobs, and I also currently have an internship at a small nonprofit. Ideally, I would like to work in a government agency or nonprofit after graduation with a meaningful mission and the ability to provide decent pay. With that in mind, I still have not pushed a corporate job off the table. 
+
+​
+
+ I know that corporate internships are often seen as the most prestigious, and open the most doors. This leaves me with my question: Should I pursue internships at corporate firms, despite my intentions to work in government or nonprofits?
+
+​
+
+I figure that most hiring managers at governments and nonprofits would likely accept candidates with corporate backgrounds. However, what worries me is that if I want to switch to corporate later in my career (for better pay), I might be passed over because I lack any sort of corporate experience.
+On mobile. I apologize for any format issues.
+
+I am currently on vacation, visiting my grandparents. The day I arrived, she informed me she just got her computer fixed, and it cost her $1,500 the day before. It seemed excessive. For that amount why not just get a new computer? 
+
+
+Yesterday, I came back from sight seeing to hear her being told "go get your credit card now!" From a man in a foreign voice. She had him on speaker, and it seemed like he was getting belligerent. I took the phone, and asked the man a few questions. He seemed very irritated I stopped him. He said his name was Victor and he was from Microsoft. When I asked him for his employee number, he said "if you don't believe me, call this number back. I'll still answer. I am Microsoft. Help her type in her credit card, I don't want errors. This will only cost two payments of $988."
+
+HUGE. RED. FLAGS.
+
+I cussed him out and hung up. My grandma flew I to defensive mode. I talked her down and explained I can fix it for free, NO old lady's computer costs $3500 to fix.
+
+These are the steps I have taken. I need to know what else i should do to protect her, because I leave for home tomorrow and I'm scared she will fall for it again.
+
+1. Complete system restore of her computer. She had nothing worthy of backing up.
+2. Called the bank to declare the charges as fraudulent. 
+3. Installed antivirus.
+4. Installed remote desktop access so I can fix this thing from home.
+5. Filed a police report.
+
+I am going to call their bank and get them new credit cards right now, as she admitted to the police she DID give out the numbers via phone the day before I got here. Please help me protect my grandma.  I am scared to leave her tomorrow.
+
+Ask questions if you need details. I'll be more than happy to answer. She's on a fixed income and cannot afford giving away $1,000 a week.
+
+Thank you for reading. 
+
+Edit 1... she now has uBlock Orgins running, as well as Chrome. I deleted Internet Explorer.
+
+Admin permissions have been removed and are only accessible by a password only I know.
+
+Reset router and password, as well as her email password.
+
+Crushed into her head to CALL ME about anyone asking for money, as well as telling her about other scams.
+
+The police report was filed for the bank to begin the process of getting her money back. We could not proceed without it. 
+
+Putting my toddler down for a nap. 
+
+THANK YOU ALL SO MUCH FOR YOUR INPUT. You have no idea how thankful I am, how much better I feel, and how badly I want them to move closer to me. 
+When I suggested doing 45DTE CSP and closing them at 50% profit or 21DTE, most people replied with what the title suggest. I feel like now is the perfect moment to understand it.
+
+90% of this sub don’t know what playing theta is. Deep down this sub is as retarded as WSB.
+
+Also, the wheel strategy won’t break benchmarks if it cannot handle small bumps. (We’re not even close to a correction yet, and all of your accounts are down bad bad bad) 
+
+Now you know. Also, WSB is the place for bad risk/reward strategy, r/thetagang shouldn’t be…
+Good morning!  I have a question and I hope you can give some advice.  I do know that if I am selling a CC, that the premium is highest at-the-money, but then tapers off in both directions in-the-money and out-of-the-money.  This makes sense to me, but I also only understand this in the most general of terms.
+
+My question is, if I am in situation where I only want to earn the maximum premium, and if I have absolutely no concern whatsoever about exercise & assignment, how do I determine the point of maximum premium?  Is this on the option chain, is it calculated?
+
+I appreciate your help.
+Look, i get it, these are unpredictable times, but im in Fast 5 and Dollar Ace for paying $1,700, money that i could put into my account and go from there, but no, i decide to buy his service to have him as a mentor, once ure enrolled, all he does is promote his other services (which btw, he has like 10) i guess dividing his attention among 10 services is too much to handle cuz he’s been losing a lot of trades, and therefore we lose as well, his mentorship is useless... he sends u alerts once the price has already gone up, also looks like he’s failing soooo much that he decided to give his “scanner” so people can see the alerts and decide on which trade to jump in, the ones they win he’s gonna brag about, and the (many) ones they lose, that’ll be on them... Super Disappointed... dont waste ur money, they stay profitable cuz they already have tons of money... and i they know a little, and theyre hella lucky, but they wont help u grow ur account...
+Hey guys, quick question. Theta decay happens every 24 hours you hold a trade correct? If so, what if a trader holds a option trade for 1 hour, theta wont affect them right?
+I have never traded and know nothing about the stock market but I'm heavily interested in economics and finance so I wanted to get started with investing (after lots of research and practice)
+
+One thing I would like to know is if it is possible for me to lose MORE than I put in.
+
+For example: I buy a stock at $50. If it drops to 0 I understand I lose $50 but can I lose more than $50?
+Any resources or courses or anything you recommend for someone new to swing trading?! I really wanna put the effort to learn. 
+
+Any recommendations would be great guys.
+Hey folks,
+
+I was reflecting on my trading as of late. I received some general life advice that went something like "If you're not getting the results you want, search for people who have done it better and faster and at a younger age than you and see what lessons you can learn."
+
+With that in mind, I'm looking for names of traders on YouTube or other social media who have verified returns that have done amazing things in a short period of time at a young age and have readily available free-to-access training material or trade journals. Short means a year or less. Young means 40 or less. This could be $500 to 10,000 or $10,000 to $1,000,0000 or anything that's an edge case and would require a bit of luck and a lot of hard work and market knowledge. I'm not limiting myself to any particular asset class. Anything is fair game.
+
+Thank you in advance!
+OK guy lately I've been getting alot of feedbacks that technical analysis doesn't work. Then how would you day trade or swing trade? I agree fundamental analysis works, but it takes time for price to react.
+
+Also why do banks hire CMT, which is CFA for technical analysis?
+I read some books and watched videos. My next step is to practice in a simulator. Can somebody tell me how to go about that? I am feeling a bit overwhelmed with so many options & don’t know how to start. I did a little bit on Wealthsimple with very small amount but want to do it properly.
+So since early December 2018 I’ve been practicing trading on a demo account with plus 500 and I’ve managed to profit £17k. I’m still not sure weather to bite the bullet and go live so I thought I’d post here, what do you folks think? I mainly trade commodities and a little forex.
+
+Edit: thanks for the replies gonna carry on practicing and then start trading with a small amount, to see where that gets me.
+Recently, I asked in a couple of "FIRE" (Financial Independence Retire Early) subreddits if they think that trading is a good "side business" to accelerate the process to achieve FIRE, and people replied to me saying things like "trading is not a business, you do not offer any service or product to anybody", "Trading is too risky to achieve FIRE, most people that trade they only brag about their winning trades and they never tell you the times they lose money", "Investing in indices is better, at the end of the day you waste a lot of time studying trading stuff to achieve what you can achieve putting your money on a Vanguard index fund".
+
+Can you give me your opinion on this?
+I heard of QuantPedia through Quant Connect's boot camp and it looks interesting as a source for inspiration to developing algos. It's not cheap so I'm wondering if anyone has subscribed to it and what their thoughts are? Has anyone used any other sources for inspiration?
+Throwaway account. Would like advice on my situation from people who have been in similar. 
+
+We’re in our early thirties and newly married. No kids, but plan on it within 2-3 years. We currently make $250k combined and live in a HCOL city in the US, paying ~7k/month for rent (over half our take home pay, but we cognitively made this decision). Don’t have many expensive hobbies currently, but we’re realistic that we’ll have lifestyle inflation. 
+
+We currently have ~$11M (post tax when liquid) in illiquid assets, with liquidity event happening within 2 years. We have cash/investments totaling ~$1.5M. 
+
+We’re at the crossroads on whether to continue working for $250k salary + $1M stock per year (same illiquid asset as mentioned above), or leaving our jobs. These numbers are gross of taxes. 
+
+There are a few factors here: financial, personal, and professional. 
+
+Financial: I realize how fortunate we are to be in this position. The $1.25M per year is “guaranteed” and very safe. We could increase our NW by that much more and contribute to setting ourselves (and family) up for life. 
+
+Personal: We’re in our “prime” years (depending how you define it) and want to travel, pursue hobbies, and live carefree until we settle down and have a family. 
+
+Professional: We enjoy our jobs 7/10, but they’re extremely demanding and stressful. Another option is to leave the current “safe” yet demanding/stressful job to join a much smaller company with a larger role. Lower comp, but expanded professional experience and potentially higher comp with stock appreciation - risk / reward game. 
+
+Would greatly appreciate people’s thoughts here. 
+
+
+
+I was watching Face to Face by Elearnmarkets with Kuldeep Singh Randhawa and at one point he said that the real inflation is not 4-6% but 15-16%, and thus it is advisable to increase your future goals requirement by 15%. Can somebody explain this?
+An honest opinion from my side. Please let me know if I am wrong somewhere or something you would like to add:
+
+I don’t think the Government will divest from the Maharatnas which include companies like Indian Oil Corporation, ONGC, SAIL, BHEL. 
+
+But I think the Government should seriously consider divesting from the Navratnas like NALCO, MTNL, HAL, etc. These Industries don’t necessarily need Government corporations. 
+
+And for except a few Miniratnas like IRCTC it would not be a bad move to get out of the loss making businesses. Sure it will lead to capitalism but I think if you want to make India efficient as to compete with the global standards and encourage FDI in India you need to take a step back and focus more on developmental schemes
+With the Auto industry stocks taking a hit yesterday and government's push on EVs, is it a long term benefit to invest in such companies.
+
+If yes, what are the companies to look forward to?
+I was looking at prices out of idle curiosity and it turns out they werent as expensive as I thought they would be (I was kinda expecting £10mil+).
+
+Does anyone here have experience of living/owning a stately home or a manor house? Would you recommend it to anyone else? What are the pros and cons?
+American Airlines is at a 52 week low and even lower than their initial drop in March. UA and DAL are on there way. They were hit with bad news that requires them to provide refunds instead of vouchers when it comes to cancellations and rebookings.
+
+ Are you seeing any value in airlines yet?
+We're at $6.5MM net worth right now, and saving $300k/year (not counting any stock market rises).
+
+If my job totally sucked I'd have quit by now, but it's okay -- and so I'm having trouble deciding whether I should work more, or retire.  I realize the value of time is entirely personal, and I don't expect anyone to make that decision for me, but one thing I have a poor grasp of is what more money buys me in terms of quality of life in retirement.
+
+For example, is retiree life at $6MM NW different from $8MM or $10MM and if so in what ways?
+
+Broad question.  Just looking to wrap my head around this.
+I just found about this website https://www.levels.fyi/Salaries/Software-Engineer/Australia/. The salaries information look legit. Posting here so maybe people who regularly contribute to this sub, and interested in this topic can post more data points there.
+A few investors from my circle fully stopped investing. “I wont buy new properties until 2024” is the main thing I hear. I understand not everyone fully stopped, but have you stepped on the brakes a bit? Or are you OK to buy as long as rent covers it and you can refinance once rates are lower again? If you are waiting, what is making you wait? Thanks!
+Guten Tag to this global band of Apes! 👋🦍
+
+After GameStop's incredible earnings report yesterday I think every Ape in Apetown expected the Short Hedge Funds to aggressively short GME to spin the narrative that "investors selling because of disappointing earnings report". That is *definitely* the narrative that the media pundits were spinning at open this morning, but you majestic beasts bought the dip and pushed it into the green. It was downright impressive to watch - the SHFs couldn't even keep it red for the day after earnings, and I'm not sure that I saw a single indication that stop-losses were getting triggered.
+
+I have a feeling that now is when the fun begins - there was no day that was more likely to draw aggressive shorting than yesterday. The shorts are out of ammo, but they still have to kick the can or start covering, neither of which is a great position for them to be in. As we close out the week, I expect to get a sense of how the next week or two goes based on what happens today. If the SHFs are just *done*, then I think it's likely that we'll see some continued upward momentum. If they still have some fight? Well, I guess they'll see the true meaning BUY and HOLD.
+
+Today is Friday, September 10th, 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: **$197.47 / 166,96 €**  *(volume: 1350)*
+- 🟩 115 minutes in: $197.08 / 166,64 €  *(volume: 1321)*
+- 🟥 110 minutes in: $196.12 / 165,82 €  *(volume: 1289)*
+- 🟥 105 minutes in: $196.17 / 165,86 €  *(volume: 1281)*
+- 🟩 100 minutes in: $196.24 / 165,93 €  *(volume: 1261)*
+- 🟥 95 minutes in: $196.18 / 165,88 €  *(volume: 1255)*
+- 🟩 90 minutes in: $196.25 / 165,94 €  *(volume: 1254)*
+- 🟥 85 minutes in: $195.63 / 165,41 €  *(volume: 1043)*
+- 🟥 80 minutes in: $196.64 / 166,26 €  *(volume: 954)*
+- 🟥 75 minutes in: $197.66 / 167,12 €  *(volume: 850)*
+- 🟥 70 minutes in: $197.67 / 167,14 €  *(volume: 842)*
+- 🟥 65 minutes in: $198.69 / 168,00 €  *(volume: 700)*
+- 🟩 60 minutes in: $198.75 / 168,05 €  *(volume: 693)*
+- 🟥 55 minutes in: $198.66 / 167,97 €  *(volume: 630)*
+- 🟩 50 minutes in: $198.77 / 168,06 €  *(volume: 597)*
+- 🟥 45 minutes in: $198.65 / 167,96 €  *(volume: 591)*
+- ⬜ 40 minutes in: $198.66 / 167,97 €  *(volume: 588)*
+- 🟩 35 minutes in: $198.66 / 167,97 €  *(volume: 580)*
+- 🟥 30 minutes in: $198.65 / 167,96 €  *(volume: 576)*
+- 🟥 25 minutes in: $198.68 / 167,99 €  *(volume: 570)*
+- 🟩 20 minutes in: $198.77 / 168,06 €  *(volume: 570)*
+- 🟩 15 minutes in: $198.55 / 167,88 €  *(volume: 548)*
+- 🟥 10 minutes in: $198.43 / 167,78 €  *(volume: 356)*
+- 🟩 5 minutes in: $199.11 / 168,35 €  *(volume: 235)*
+- 🟥 0 minutes in: $199.09 / 168,34 €  *(volume: 170)*
+- 🟩 US close price: $199.18 / 168,41 €   *($198.84 / 168,12 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1827. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+* 1) They do not give their data or state their methodology. There is no way to check what they post. It's simply an assertion.
+
+* 2) Shadowstats claims that their SGS Alternate Inflation curve "reflects the CPI as if it were calculated using the methodologies in place in 1980." This is false on the face of it; they cannot be doing what they say they are doing. Prior to 1983, the CPI was calculated using actual housing prices; after 1983 it was changed and based on owner's equivalent rent. If the SGS Alternate Inflation curve really used 1980 methodologies, the housing price collapse of 2006-2008 should have caused a much larger drop in the SGS Alternative Inflation curve than it did in the official CPI index, and the distance between the two curves should have narrowed. Instead, they stayed parallel.
+
+* 3) The Bureau of Labor Statistics provides CPI-RS which is a recalculation of data from 1978 to the present using the new methodology. There's a difference, and the newer method calculates a lower number, but only by about 0.45% per year. If you believe the old method was the correct one, then the official figures understate inflation, but only about 0.45% per year, not the 6%-8% claimed by ShadowStats.
+
+**tl;dr** *They are engaged in a classic Big Lie - so big that it actually works.*
+
+------
+
+Edit: [Supporting point in the comments](http://www.reddit.com/r/Economics/comments/omfrm/3_reasons_people_need_to_stop_citing_shadowstats/c3ig3qb)
+🚀🚀 ***Synopsis*** 🚀🚀
+
+*Danakali (DNK.ASX) is a resource company focused on the development of the Colluli SOP Potash Project in Eritrea. Colluli is estimated to have the* ***world's largest*** *and* ***highest grade*** *SOP mine with* ***1.1Bt of ore reserves*** *and a* ***mine life of 200 years***\*. The Colluli project is a 50:50 joint venture between Danakali and Eritrean National Mining Corporation (ENAMCO).\*
+
+
+*The resource is so large that it has the potential to feed billions of people, save millions of lives, and assure food security for generations to come. Essentially, the company that controls the Danakali Depression will significantly influence the future of premium global food production for the next 200 years. With this in mind, there is a* ***clear case for DNK to be taken over by any of the big majors*** *(more on this later).*
+
+
+*Quick Video Overview:* [*https://www.youtube.com/watch?v=Bi\_36PaaSs4*](https://www.youtube.com/watch?v=Bi_36PaaSs4)
+
+
+Quick Facts - 12th July
+
+Market Cap: $174 Million
+
+Share Price: $0.475
+
+Shares on Issue: 367 Million
+
+Cash on Hand: $27.6 M (31st March 2021 and includes the $20M Cap Raise)
+
+Markets: ASX, LSE, OTC (a large number of shareholders in Frankfort) and ARDs
+
+
+**Global Overview** 🌍
+
+The [United Nations publication World Population Prospects 2012](https://population.un.org/wpp/Publications/Files/WPP2012_HIGHLIGHTS.pdf) predicts that the global population is expected to **rise from 7billion (2012) to 9.6 billion (2050)** and then to around 11 billion (2100). This rapid population growth will create **increasing pressure** on already **overburdened food production industries**. As the population rises and urban centres expand, the **amount of arable agricultural land will decrease** therefore requiring high yielding land.
+
+
+Additionally, in many parts of the world, agricultural soils are gradually becoming **depleted of potassium**. After many years of intensive cropping and repeated nutrient removal during harvest, many **fields now require regular inputs of potassium fertiliser** to boost their productivity.
+
+
+**Solution - Potash** 🥦🥬🍓🍆
+
+To boost crop yields, farmers are beginning to employ the use of Potash fertilisers, a potassium substance used in agriculture to:
+
+* improve plant quality and growth
+* regulate carbon dioxide uptake
+* regulate water uptake and loss
+* improve drought resistance
+* improve resistance to pests and disease
+
+
+MOP
+Potassium Chloride (MOP) is the most abundant form of potash making it the most commonly used potassium fertiliser. It consists of 60% K2O and 47% Cl. It is particularly effective on carbohydrate crops such as wheat, grains, and soybeans. Critically though, Chloride can be harmful to some crops and detrimental in acidic soils.
+
+SOP
+Potassium Sulphate (SOP) is the second major form of potash. It consists of 50% K2O and 17.5% S. It’s particularly effective in the **cultivation of high-value foods** such as fruits, vegetables, nuts and tea trees. SOP contains less than 1% chloride, but importantly contains sulphur which is a secondary macronutrient utilised for plant growth. In addition, SOP has a lower salinity index than MOP. The higher salinity of MOP can cause plants to have difficulty in absorbing water and nutrients from the soil.
+
+
+**Enter the Colluli Project… the world's largest and highest grade SOP mine.** 😎💰
+
+The Colluli Project is located in the Danakil Depression region of Southern Eritrea and is approximately 230km by road south-east of the Port of Massawa which is situated along one of the **busiest trade routes in the world** (Suez Canal). The Danakil Depression is an emerging potash province, which commences in Eritrea and extends south across the border into Ethiopia at deeper levels. Note the Colluli project only has jurisdiction in Eritrea.
+
+
+​
+
+​
+
+[Eritrea location in Africa](https://preview.redd.it/xzbfjp2n2oa71.png?width=810&format=png&auto=webp&s=650fd0dcd6b67faf452484f8a0f3eac42dd72c18)
+
+[Colluli Project location in Eritrea with distances to ports](https://preview.redd.it/ldscol4p2oa71.png?width=1292&format=png&auto=webp&s=8d330df832714b829fafc8637435da63c52c3d0d)
+
+
+Colluli is located **just 87km from a potential port export terminal** at Anfile Bay making Colluli the **closest global SOP deposit** to a coastline. Almost 95% of the population growth stated by the UN will occur in Africa, India and Southeast Asia with the Colluli project **capitalizing on the central and well-developed trade shipping route** close by. Danakali has already spent approx US$50M developing the project
+
+
+​
+
+[The world's closest SOP Potash mine to port facilities](https://preview.redd.it/e34u69ts2oa71.png?width=1295&format=png&auto=webp&s=7933f13471172c5eb3ec15417bd32beff7e53c13)
+
+With the engineering and construction plans complete, mining permits granted and being Sanctioned by the Eritrean Government, DNK is now **shovel ready** to begin development and commence operations in 2022.
+
+
+**The Colluli Resource** 🗿
+
+The Colluli resource comprises three potassium bearing salts in solid form; Sylvinite, Carnallite and Kainitite which are **quite rare in combination**. These are the required salts to create high yielding SOP and Potash Fertiliser products.
+
+[Colluli’s Ore Resource](https://www.danakali.com.au/the-colluli-project/the-colluli-resource-and-reserve) is estimated to be **1,100Mt @ 10.5% K2 O** for 203Mt of contained SOP equivalent providing a **mine life of 200 years**. Colluli has a **significant diversification of products** being SOP, SOP-M, MOP, Kieserite, Rock salts, Gypsums and Salts. This is the **only basin in the world** that allows for such high product diversity.
+
+Prior studies have indicated that Colluli SOP fertiliser would be at the **top of the quality spectrum**. Typical SOP contains \~94% potassium sulphate where through low-cost processing, Colluli can generate SOP with a purity of 98%.
+
+
+[Highest quality SOP ](https://preview.redd.it/rhuxbsm03oa71.png?width=981&format=png&auto=webp&s=15dfc6167d5f9c63e8cfc2ff6b631a32daac3b80)
+
+
+**Shallowest Mineralisation** ⛏
+
+Colluli boasts the **shallowest known evaporite mineral deposit globally** at just **16m**. This depth poses advantages through **significantly reducing mining, logistical, capital and operating costs**. Other global Potash mines are:
+
+* UK: depth of 1500m with a CAPEX of US$7B
+* Canada: depth of 1000+m with a CAPEX of US$4B
+* Russia: depth of 500+m with a CAPEX of US$3-4B
+* Colluli has a depth of 16m and an estimated startup CAPEX of just US$322M
+
+The Colluli mine will be an open-cut pit that provides **direct access** to each of the mineralised layers. This surface mining will allow for controlled extraction, stockpiling and processing of the different solid form salts.
+
+
+​
+
+[Mining extraction process. Note different mineral layers](https://preview.redd.it/t8jwvxe63oa71.png?width=1396&format=png&auto=webp&s=f365872c4d1bf88e7264d8130ded0b44a8c5f7e0)
+
+
+**Modular Expansion** 📈
+
+The Colluli project will adopt a modular development approach that delivers **low upfront development costs yet provides a high degree of scalability**.
+
+Module 1, which is expected to finish development in 2022, is expected to produce approximately 472ktpa of premium SOP. Module 2 will increase the total SOP production to 944ktpa.
+
+The Colluli project has adopted a modular approach for numerous reasons with the most obvious being CAPEX costs and determining the most efficient operating methods. Also due to SOPs lower market share in the Potash industry, the project doesn’t want to dislocate the current premium pricing by flooding the market with too much supply. They want to optimally match the supply with the growing demand (population growth and premium food demand).
+
+[Modular expansion phases 1-6](https://preview.redd.it/chr1heoj3oa71.png?width=1323&format=png&auto=webp&s=c17adc11cb415249184c15e1a5be355ddc76d604)
+
+
+**Processing of Colluli’s Primary Production SOP Resources** 
+
+Colluli is in a **unique position** of having **solid high-quality primary ore SOP inputs**, which **globally is rare**. A low-cost processing method has been developed that feeds the three main members (Sylvinite, Carnallite, Kainitite) into the processing plant from which the minerals Sylvite, Carnallite and Kainite are extracted and mixed to produce SOP.
+
+This unique mix allows for SOP to be produced at ambient temperatures using conventional flotation methods providing **positive impacts on processing yields**, **significantly reducing pond size requirements** and allowing for **lower energy inputs** relative to Kainite brine conversion. Additionally, highly favourable weather conditions within the Danakil Depression provide extremely high evaporation rates.
+
+The Colluli project has also developed a **pioneering** [**world-first processing design**](https://youtu.be/ZcumMcDJtTw) using filtered seawater which significantly reduces project development, operational, financial and market risks.
+
+The most common industry method (**50-60% of global supply**) for producing SOP is through the Mannheim process, which sees the reaction of MOP with sulphuric acid at high temperatures. The raw materials are poured into the centre of a muffle furnace heated to above 600ºC. SOP is produced, along with hydrochloric acid. The **Mannheim process is an extremely expensive** processing technique due to the high MOP purchase input costs. When thinking of the Colluli project… The basin, which is one of the hottest places on earth, has just been a Manheim process that's occurred naturally over 5 million years.
+
+
+**Economics of Operations** 💵
+
+[\*The estimated SOP composite sale price was set at a conservative US$569\/t. The financials don’t include the diverse products available for sale \(rock salts, Gypsum etc\). The financial metrics are for 100% of the project where Danakali has 50% ownership.](https://preview.redd.it/wye3jzar4oa71.png?width=702&format=png&auto=webp&s=54bc9b76e2e3535265f7e7265640e815bab70885)
+
+
+**Capital Estimates**
+
+[Module 1 & 2 Capital Estimates](https://preview.redd.it/rju6vl7u4oa71.png?width=1404&format=png&auto=webp&s=d742ebf8319c75b27ad3349c1909ce108b16ca8e)
+
+
+**Operating Cost Estimates**
+
+[Module 1 & 2 Operating Costs](https://preview.redd.it/4ybwwbcx4oa71.png?width=1157&format=png&auto=webp&s=66b40b51905b159f5f462c5c470ee218ccc6039c)
+
+[Low mine gate production costs](https://preview.redd.it/txs1e1wz4oa71.png?width=1720&format=png&auto=webp&s=6dda320f6ed2d0afe5447b143e30989cb9fd328f)
+
+
+**Future SP predictions** 🚀🚀🚀
+
+Based upon the completion of Module 1 the NPV share value would be approximately US$0.69. After the completion of Module 2, the share value would be approximately US$1.23. Remember that DNK has a 50% partnership with ENAMCO. Also, a **Discount Rate of 10 is considered conservative** within the industry.
+
+Note, DNK has the intention to **expand into Module 3, 4, 5** and **6**. Additionally, the above calculations **don’t include the sale of the other products** (Kieserite, salts, gypsum) which would have a significant impact on the revenues earned. Sale of these products is expected in Module
+
+* Kieserite: $120/t
+* Rock Salt: $40/t
+* Gypsum: $50/t
+* Salt: $40/t
+
+With a relatively low CAPEX, low OPEX, mine life of 200 years and being in a premium pricing market, **DNK is a cash cow in the making**.
+
+
+**SOP Pricing & Markets** 
+
+Globally in 2017, the Potash market was worth US$8B with MOP equating for 80% of demand (70 mt/pa) and SOP just 10% (7 mt/pa). SOPs smaller market share is due to the premium foods that SOP services (fruits, nuts etc) have less food market size than the widespread carbohydrate agricultural industry (MOP).
+
+As has been previously mentioned, over half of SOPs production is produced through the Mannheim process which requires MOP as a core input. Recently, **MOP has seen a significant price spike** (Brazillian MOP reached US$600 p/t) due to rising global food prices (greater demand for food at home during the pandemic, disrupted food chains/rising oil prices, climate change and extreme weather damaging crops). Although SOP tends to lag behind MOP in prices due to the contractual nature of SOP deals, the **MOP price spike will soon cause a price spike of SOP due to input costs being higher.**
+
+[Brazil MOP Spot prices. Note price spike](https://preview.redd.it/qf8jloi45oa71.png?width=736&format=png&auto=webp&s=b576172debcfca64efc1c0d925cf16b43dff960b)
+
+Though the price of SOP often remains stable, historically the price of SOP has been US$200 above the price of MOP. It will be extremely interesting to see where the SOP price spike ends up in a few months time.
+
+The top potash producing countries per annum include:
+
+* Canada: 13.3 Million MT. World’s largest producer of Potash
+* Belarus: 7 Million MT.
+* Russia: 6.8 Million MT
+* China: 5 Million MT. China accounts for approx. 20% of global potash consumption
+* Germany: 3 Million MT
+* Israel: 2 Million mT
+
+
+**Capital Funding Requirements**
+
+The **only thing** holding the Colluli project back is the **required capital funding** for Module 1, being approx US$330M (including contingencies). Once operating, DNKs cash flows will pay for Module 2 and so on.
+
+Under Eritrean law, a maximum of US$280M debt is allowed for the project.
+
+Debt - required $280M
+
+DNK has **already reached a US$200M** debt agreement with two leading African institutions, Afreximbank and AFC, both highly reputable African institutions with extensive experience in providing financing to projects across the continent. **AFC is also a major shareholder** with 16.5% of the issued capital. Generally, banks don't buy equity into mining projects... AFCs holding is a **clear 3rd-party validation** to the **quality of the project** as they would have done a lot of due diligence.
+
+For the remaining US$80M, Institutions often like to see **works on the ground being completed,** which DNK have just begun, before committing final debt funding. It’s believed that this remaining US$80 of debt is currently being negotiated with both African and European Banks.
+
+Equity - $50M
+
+Colluli has also recently completed a capital raising of US$20M which has **funded the initial infrastructure** **requirements** (roads, workers camp, water facilities). These works are **currently underway** and an announcement is expected soon on their progress. It is believed that the final US$30M will be easy to raise as it’s the ‘last money in’. Once initial works are completed, the project will be significantly de-risked and essentially ready to begin facility development.
+
+
+**Management team** 👨🏼‍🌾
+
+Recently, Danakali has made changes to its board to **re-energize** the development of the project.
+
+This year Neils Wage left his CEO role at DNK. Neils was from the ‘big end of town’ having also worked from BHP where things move at an extremely slow pace. Neils clearly wasn’t the man to run a small-cap ASX listed company and also held no shares...a bad sign.
+
+Seamus Cornelius, a corporate lawyer and former partner of one of Australia’s leading law firms, was appointed Executive Chairman (he now also acts as CEO) for DNK. Seamus has been on the board of DNK since 2013 and his passion for the project is visibly evident through his interviews. He also **holds a significant amount of shares** in the company… a great sign!
+
+
+**Eritrea Sovereign Risk**
+
+Whilst Colluli is a world-class project the most evident risk is the prospect of investing in Eritrea. Though the country has had a **significant turnaround** in recent years with the UN sanctions being lifted allowing other countries to freely engage in trade and finance and the conflict with Ethiopia being resolved 3 years ago. The sanctions were initially applied by the UN in 2009 after Eritrea was accused of backing militant groups in neighbouring countries. Eritrea always denied the accusations and when sanctions were lifted in late 2018, various press reports indicated that there had been no concrete proof that the Eritrean state had been involved in such activity.
+
+Ethiopia and Eritrea fought a brutal independence war that ended in Eritrea’s sovereignty in 1993. However, the last few years have seen an **improvement in relations** between the two countries with peace officially declared in July 2018. This triggered a softening of some of the tough conscription policies that were widely publicised and were seen as the key driver behind a significant number of asylum seekers leaving Eritrea.
+
+Eritrea is noted to have a **government** that **promotes principles of self-reliance**. Key economic drivers include mineral exports, agricultural output and infrastructure development. Eritrea was the only sub-Saharan African country to **meet its Millennium Development Goals** by 2015. Great emphasis is placed on the community as well as social outcomes, such as access to education, health, food and equitable access to services. Rapid diplomatic progress has been achieved in the Horn of Africa in 2018 and 2019.
+
+The government has set parameters for mining projects and has **aggressively pursued foreign investment**. The Eritrean mining code is based on Western Australia��s long-established code, and as a result is easy to follow, without the hurdles which often cause delays in less established mining jurisdictions. To date, the Eritrean Government has been **strongly supportive of all the mining projects** in the country with no issues in permitting or license tenure. There are currently two operational mines in Eritrea, the Bisha copper-gold-zinc mine and the Zara gold mine, both 60% owned and operated by Chinese groups
+
+
+**Offtake Agreements** 🤝
+
+Colluli has **already signed** a binding take-or-pay offtake agreement with EuroChem, Europe’s leading mineral fertiliser producer. EuroChem has agreed to purchase, market and distribute up to **100% of Colluli’s SOP production** for the **first 10 years of operations** with the ability to extend the agreement for a further 3 years afterwards. Colluli has the option to retain and sell up to 13% of its products through alternative sales channels.
+
+EuroChem, which is headquartered in Switzerland, achieved revenues of US$6.2 B in 2020 placing it within the world top-5 producers of nitrogen, phosphate, potash and complex fertilizers. EuroChem is 90% owned by Andrey Melnichenko, the 95th wealthiest person in the world (7th in Russia).
+
+
+**Share Price History & Trends**
+
+DNK was first listed on the ASX in 2003 for $0.20 under the name South Boulder Mines. The early years of DNK saw the share price slug along until in 2010 the company acquired the Colluli project and saw Sprott Asset Management contribute significant funds to the company.
+
+In 2011 and 2012, DNKs share price significantly rose from **$0.10 to $6.25** (**over 6,000%**) in a matter of months off the back of BHPs US$40B take-over bid for Canada’s Potash Corp. Though the bid was eventually denied by the Canadian government, it set off a **flurry of investments into the potash industry** hence DNKs price spike.
+
+Realising the significance of the Colluli asset, the Eritrean government re-negotiated their agreement with DNK and agreed upon a 50:50 joint venture. At the time the market reacted to the change of ownership and the share price drifted lower.
+
+In recent years the share price has been trading somewhat sideways as JPMorgan, which invested $10 Million into DNK, had to close their resource fund due to restrictions placed by the American government over ‘spoofing’ trades in the precious metal markets. This sell-off has acted as a **handbrake** on DNKs share price and as of this year, the remaining JPMorgan parcel was sold off.
+
+With the hand brakes off the share price and the project's initial development just beginning things are **starting to look exciting for shareholders.**
+
+
+**Take-Over potential** 🙌🏽💎🚀🚀
+
+Given the **monumental size** and **future cash flows** of the Colluli project, there is a **strong possibility of DNK being taken over by a large multinational company in the near-term future.** Throughout history, the largest and best in class assets across the globe eventually become owned by major companies.
+
+So why hasn’t a take-over bid occurred yet? Simply put, the larger companies have been watching the progress of the project from the sidelines all the while expecting DNK to fail so they could acquire the project more cheaply. Given the recent commitments from Afreximbank and AFC for capital funding, this is **obviously not going to occur**. With so much interest surrounding the Colluli project, a **bidding war** is likely to eventuate with **only the highest price offered being accepted**. As soon as the first take-over offer is provided, it will be a frenzy for other parties offering bids as they don’t want to miss out on such a valuable asset.
+
+[The potential takeover company list includes:](https://10baggerclub.com/reports/2021/0501/)
+
+* Sabic: Massive state-owned Saudi Arabian chemical manufacturing company
+* Yara Fertiliser: Owns a Potash project in neighbouring Ethiopia, which isn’t as economically viable due to the resources being deeper in the ground.
+* Eurochem: DNKs offtake partner
+* Nutrien: Canada’s largest potash company
+* Mosaic: Canada second-largest potash company
+* BHP: Purchased Canada’s Jansen Potash Project for US$7.5 B
+* K+S: Europe’s largest supplier of potash
+* Gazprom: Already have a joint venture with ENAMCO on another project
+* Nestle: World's largest food company
+* Qinqhai Salt Lake Industry: China’s largest potash producer
+* Itochu: Japanese global fertiliser, foods and materials trading firm
+* Africa Finance Corp: DNK largest shareholder at 16.5%
+
+Considering that the Colluli project is in a league of its own, the **question of a take-over is more not if**… **but** **when** **and** **for how much**. Though DNK can get into operation, think of this play much like EXR.
+
+
+**UN Report on Impact of DNK Potash**
+
+In 2019, the United Nations initiated [an independent report](https://www.danakali.com.au/images/stories/UNDP-Report-on-Colluli.pdf) on the potential contributions that the Colluli project could have on Eritrea’s Sustainable Development Goals.
+
+The report concluded that the Colluli project provided 5 key factors that significantly contributed to the achievement of **13 of the 17 Sustainable Development Goals.**
+
+Danakali also has an [extensive ESG framework](https://www.danakali.com.au/the-colluli-project/sustainability) for the Colluli project.
+
+
+**Resources:**
+
+* [**HotCopper Forum**](https://hotcopper.com.au/asx/dnk/) **(Cycle through the threads and find posts by Phuket Guy)**
+* [Danakali 2019 Investor Pack](https://www.danakali.com.au/images/Investor_Pack_2019.pdf)
+* [Danakali at a Glance ](https://www.danakali.com.au/our-business/about-danakali-limited)
+* [Danakali’s Youtube Channel](https://www.youtube.com/channel/UChGKN4-M4lOvPKxs9b-IJvw/videos)
+* [Proactive Interview ](https://youtu.be/P1o-xmHmWik)
+* [Small Caps Interview](https://youtu.be/aAd3JlNPZQ8) (Note this is the old CEO who has now left)
+* [Explorers Podcast Interview](https://podcasts.apple.com/au/podcast/the-explorers-podcast-with-barry-fitzgerald/id1468819674?i=1000488994550) (Note this is the old CEO who has now left)
+* [Stockhead Potash Rallying Prices Interview](https://stockhead.com.au/stockhead-tv/potash-rallying-prices-market-potential-expanded-applications/)
+* [BHP Potash Presentation](https://www.youtube.com/watch?v=funGZzVqx6Y&t=10s)
+* [Bloomberg Potash Price Rally](https://www.bloomberg.com/news/articles/2020-12-09/a-huge-rally-in-food-prices-is-stoking-record-fertilizer-demand)
+* [2017 Ringler Research Danakali Price Report](https://www.mynewsdesk.com/de/ringler-consulting-and-research-gmbh/documents/ringler-research-danakali-eng-26-punkt-06-punkt-2017-68528)
+
+​
+
+None of this is financial advice! Do Your Own Research
+
+​
+
+Shoutout to all those that assisted with this summary including some T20 holders! 🚀💎⛏
+In honour of the [Vic Earthquake](https://www.memesmonkey.com/images/memesmonkey/98/988bdc71057908e57e52a06238d82b4b.jpeg) and those fucking protestors not being swallowed up into the giant sinkhole they deserve to be, I thought I’d type out a lil DD. This has been one of my faves I’ve been watching for a while so... get around it you mongrels.
+
+**Ticker:** AMO (Ambertech Limited)
+
+**Current SP:** 0.30
+
+**Market Cap:** 23.1 million
+
+**What do they do?**
+
+Ambertech limited (AMO) is a distributor of audio-visual products and services. They service commercial, residential and professionals and do things like installing speakers etc. at venues so they can pump those sweet sweet corporate-approved tunes into their customers ears. They have contracts with Department of Defence for more high-tech stuff, and often have an ongoing service component (ie. people supporting their products as the consumers are using them, which means a) greater customer satisfaction and b) more opportunities for additional selling).
+
+They also do some kewl stuff like this [Flight Simulator for budding pilots](https://f.hubspotusercontent30.net/hubfs/315136/NatVIS%20Simulator%20Visual%20Systems.pdf), which shows we’ve come a long way since teaching monkeys to fly into space (and that fucking hippie Matthew Broderick trying to get in the middle).
+
+**Why AMO?**
+
+The company has a solid track record, is severely undervalued by most financial metrics, pays a dividend, is owned 49% by insiders, and hasn’t had a ridiculous SP run already (IMHO there’s plenty of room left). If that isn’t enough for you, what is?!
+
+I’m honestly not sure if this is even a positive, but [Refinitiv gives AMO a 10](https://imgur.com/a/kzyJafo) (out of 10), so it’s one of the top 100 companies on the ASX according to analysts. I know we all don’t really give a shit what they say, but since the market runs on sentiment I guess it doesn’t hurt to have some positive sentiment on your side.
+
+**Financials:**
+
+The financials are excellent and are what really gets me frothing at the mouth. Like, genuine “did you get bitten by a large rabid bat” frothing. Damn, should’ve got my bat vax.
+
+AMO has made a profit for the last two consecutive years, and doesn’t seem to have been terribly adversely affected by COVID. Their revenues and profits are healthy, and they have happily paid out some of their profits to shareholders via a dividend for the past two years (this year it was roughly 47% of profit).
+
+[mmmm am i attracted to furniture? cause that is a sexy table](https://preview.redd.it/tlilvuwjpcp71.png?width=617&format=png&auto=webp&s=735078355519a4094abfb0c4c241a74a50d609aa)
+
+Both long-term and short-term debts are covered by assets.
+
+AMO received $1.1M in Jobkeeper payments in the last two financial years, so it would be wise to assume that gets wiped straight off their future profits. But also, you can clearly see from the financials that Jobkeeper wasn’t the reason the company was profitable (ie. they’ll do fine without it).
+
+P/E ratio is 4.5x, which is some of the lowest you can get at this kind of market cap. Market standard is around 18x and sector standard is around 20x.
+
+**COVID Impacts**
+
+In general, the company doesn’t seem to have been impacted by COVID at all. In fact, they’ve thrived. It seems that their business model is relatively lockdown resistant.
+
+My guess is that in the age of lockdowns, AMO serves a unique purpose for a number of professional entities, who have suddenly required audio-visual equipment to remain connected to each other. AMO have done some work like this for Virgin, ING and Sydney University (ie. installing equipment to facilitate large corporate Zoom meetings). They also have consistent work with entities like the Dept. of Defence which is not really at risk of suddenly falling over (Defence force always has money).
+
+As the world opens back up and things like live gigs become a thing again (I bet you’ve missed drinking a shitty overpriced beer while nodding along to some random indie rock band – I genuinely have) there are identified opportunities for install of AV equipment/support etc. So while they’ve done well out of COVID, there’s also plenty of opportunity to do well once things are (sort-of) back to normal.
+
+**The chart:**
+
+It looks like this:
+
+[yes i started using night mode, what of it?](https://preview.redd.it/2jw34ztopcp71.png?width=601&format=png&auto=webp&s=3c0ff394bff9d4664fcea8ca109c6efc2c6c013e)
+
+I’ve marked the ex-dividend date on the chart, which is where the SP has recently fallen – could represent a good buying opportunity. The stock has been on a consistent up-trend for a year now, with higher lows AND higher highs.
+
+The Board/insiders own roughly 49% of the company, which to me says that the company execs are heavily invested in the stock price doing well, and as an investor you’d be likely to reap the same rewards as them.
+
+**Potential downsides:**
+
+I’ve genuinely tried hard to think of some but the only one I could come up with was this:
+
+\- AMO has been relying on past losses to offset some of their tax payments, which means they haven’t paid much tax the last two years. Those offsets are gone now, so it is highly likely that profit will be impacted in FY 21-22.
+
+Other than that, I think this is probably less “rocket potential” and more “nice solid earner for a 6-12 month hold” so I suspect that will turn a few of you off. That said, if suddenly this stock got the attention it deserves, its SP could triple in a couple weeks based on its fundamentals. The fact that its MC is still so low means there is actually a lot of potential here.
+
+**TL:DR**: Possibly the most solid <$25M MC stock on the ASX 🚀🚀🚀 potential depending on if/when the market wakes up to it, and in the meantime solid growth AND a dividend. Can’t really go wrong can ya?
+I recently opened a Charles Schwab checking account after reading great reviews from Reddit. I have absolutely loved it.
+
+However, I ran into a problem today.
+
+The online Schwab portal stopped updating my transactions past the middle of the month. I had a credit card payment, rent payment, and a paycheck that all should have shown up under my transactions but didn't.
+
+I contacted Schwab customer service and they informed me there was a restriction on my account due to a pending address verification. So I contacted the relevant department and verified my address. They told me my transactions should be updated shortly. All good right? Nope!
+
+After waiting half an hour, I contacted them again. Turns out, NONE of my transactions had actually gone through. All of them were either returned/cancelled because of this restriction. They then informed me that I would need to contact each vendor to have the payment submitted again.
+
+Now here's the worst part: I was never once notified of any restriction on my account. They stated I was sent a letter, but I have opened every piece of mail from Schwab and nothing mentions address verification. On top of that, the account was working perfectly up until the middle of this month.
+
+I wanted to make this post for anyone that is either considering opening a Schwab account or might have this issue in the future.
+
+FOR THE RECORD: Schwab customer service was excellent all three times I spoke to them. I also expressed my frustration about the situation, but never once directed it at the agents. I assured them it was not their fault. I still think the Schwab checking account is a great option for a High Yield Checking Account. I would recommend it to anyone. But I wanted to get this out there in case anyone has this issue.
+
+ALSO: This shows the importance of an emergency fund! I am not worried about my paycheck not depositing because I have the money set aside for this exact situation. Get an emergency fund, folks!
+
+
+Thanks for reading!
+As I started to notice I was leaving money on table, I wanted to track my trades and find out. I usually exit at around 1R and have been tracking how high my setup goes before it hits my stop loss. To my surprise, literally every trade I have taken in this sample (50 trades, The Late Great Mark Douglas recommends 25) that goes 1R has gone at least 1.5R as well! Very much am doing myself a disservice taking profits at 1R.
+
+https://preview.redd.it/7idv68dcw3y81.png?width=979&format=png&auto=webp&s=b4c185eae4e247b78febb0c514d40c2b6032e975
+
+Here's what my theoretical Win-Rate is if I took profits at different R-Values. Would it be beneficial to stick to 1.5R?
+
+https://i.redd.it/0kse1v4zw3y81.gif
+
+I saw u/CJT2013 comment "Your stats will tell you when to get out." on a post a while ago and it stuck with me, thanks man!
+
+(I've been trading for a little less than a year so take everything I say with a grain of salt)
+[https://www.cnbc.com/2022/08/10/consumer-prices-rose-8point5percent-in-july-less-than-expected-as-inflation-pressures-ease-a-bit.html](https://www.cnbc.com/2022/08/10/consumer-prices-rose-8point5percent-in-july-less-than-expected-as-inflation-pressures-ease-a-bit.html)